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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 11, 1974
Page
4
The AP reports a worldwide financing squeeze as banks fail, nations face possible debt crises, and governments struggle with high credit costs. Delinquency rates rise, mortgage debt grows, and consumers borrow heavily amid high interest rates, while cities delay maintenance and banks compete for scarce funds.
Southern Pines officials authorize town attorney W L Brown to act as needed in the zoning dispute over a state leased mansion used as a children’s treatment center for emotionally disturbed youths. An associate zoning expert W D Sabiston is to assist in resolving the Duncraig Manor case. The mansion owned by Connie M Baker has housed the center since last fall and faced a move deadline of August 27 set by the council in May.
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