Endowment Granted Freedom to Invest in Common Stocks
Duke Endowment wins court permission to invest beyond Duke Power in common stocks while preserving major Duke Power holdings. Judge Sam Ervin III allows asset flexibility and dictates tax act language, with appeals planned by state officials and the endowment. The trust holds about 13 million Duke Power shares and assets of 428 million dollars.
MENTIONED IN THIS ARTICLE
Charlotte
N.C
Duke Endowment
Duke Power Co
Superior Court
Sam Ervin III
James Buchanan
Duke
Duke Power
Ervin
Robert Morgan
Christine Denson
Carolinas
United States
Unsettled Weekend Weather Across North and South Carolina
A strong southwest flow brings showers and windy, mild conditions to the region. North Carolina sees highs in the 60s near 70 on the coast, turning colder Friday with mountain snow flurries and lows near freezing. South Carolina experiences rain or showers with potential severe storms, turning colder west and remaining warm along the coast. highs mid 60s to mid 70s, then cooling by Friday and Saturday. The Friend ship area forecasts showers through Friday with 70 percent probability, ending late Friday, and cooler conditions Saturday to Monday with highs mostly 40s in the mountains and 50s along the coast.
MENTIONED IN THIS ARTICLE
North Carolina
South Carolina
Friendship
High Point
Segregation Drops In South Constant In North
The U S Office for Civil Rights reports Southern states now have fewer Black pupils in all black schools than the North for the first time and show a growing gap in Black enrollment in predominantly white schools. Integration has virtually halted in the last four years in the 32 Northern and Western states.
MENTIONED IN THIS ARTICLE
North
Chinese table tennis visit urged by Chou En-lai
President Nixon’s trip to China spurred Chou En-lai to propose a future American visit by Chinese ping pong players. Ziegler relayed that Chou suggested a spring arrival when blossoms are in full bloom, with logistics to be arranged after Nixon’s state visit. The story also covers civil rights findings on segregated schooling in border states and D.C. with shifts in percentages, noted by J. Stanley Pottinger.
MENTIONED IN THIS ARTICLE
Washington
Ronald L. Ziegler
Peking
Chou En-lai
United States
Nixon
District of Columbia
Delaware
Kentucky
Maryland
Missouri
Oklahoma
West Virginia
D.C
J. Stanley Pottinger
Pottinger
Also Mentioned on This Page
Attorney General's Office
N.C. Supreme Court
Associated Press
Asheville
Augusta
Charleston
Columbia
Greensboro
Greenville
Raleigh
Savannah
Wilmington
Coloni
Colonials
Lonial
Colon
Ial
Sherwin-Williams
Main St
Thomasville
Trade St
Socrel i
Bankamericard
John Stowell
Mason-Dixon Line
US Office For Civil Rights
Ziegler
Chou
Steenhoven
U.S
Davis Patrol & Watchman
Main Drug NO
S. Main St
Piedmont
Piedmont Natural Gas Company
Natural Gas
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