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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 02, 1971
Page
2
New York stock prices opened higher with the Dow up fractionally after a Tuesday gains. The Dow rose 5.84 to 913.65 as advances beat declines on the NYSE by more than 8 to 1. Big Board volume climbed to 11.93 million shares on Monday.
A government survey shows Nixon’s multibillion-dollar tax break plan did not spur the expected business investment. Firms project only a 2.7 percent rise in spending on new plants and equipment this year, the smallest since 1961, despite earlier forecasts of higher growth.
Former State Sen. Tom White says he will not participate in the drive against Gov. Bob Scott's higher education plan. He insists he remains loyal to the governor and notes he signed the Warren Committee minority report urging the consolidation be kept and the State Board of Higher Education strengthened. UNC trustee Jake Froelich opened an office in High Point, indicating the battle would be led from there.
George P Clark a New England Life agent from High Point will address the 44th Annual Meeting of the Million Dollar Round Table in Washington D C June 21 to 25. Nearly 3 000 MDRT members will attend of about 9 800. He will speak at a workshop on Life Insurance Possibilities in Section 303 situations.
Larry Hough of Life Insurance Co of Virginia will receive an award for public service leadership from the High Point Assn of Life Underwriters at the group's June meeting. As public service chairman he helped promote the Medic Alert program, which publicizes identification bracelets for hidden medical problems. The High Point unit sponsors this program annually and will meet June 16 at the Pilot Life Club.
The North Carolina Senate tentatively approved a bill to grant a $5,000 homestead property tax exemption for residents 60 and older with income no more than $3,500. The measure faces House action and concerns about constitutionality were discussed by several senators.
President Nixon argues that certain methods used during protests respected constitutional rights while police showed restraint. He says arrests should be lawful and cites crisis management as a guide for other cities, while commenting on women’s liberation and government job appointments.
San Diego under White House pressure bids to host the 1972 Republican National Convention at Sports Arena and nearby venues. City Manager Hahn says it could be an uncontested convention with about 15000 first class rooms and an $800000 guarantee. Contenders include Chicago San Francisco Houston and Miami Beach.
The Supreme Court limited police power to clear streets of alleged annoyances through two rulings. A Cincinnati ordinance banning crowded sidewalks was struck down for vague standards, and a Euclid Ohio case warned laws require ascertainable guilt standards. The decisions signal a shift away from broad public order bans toward concrete rules.
RALEIGH AP report says a bill to require landlords to hold tenant deposits in trust and pay 2 percent interest was killed by the House Judiciary committee. Sponsored by Rep. James Long it would have forced deposit handling with 15 day return or written notice of any claim. Long removed interest provisions but the measure received an unfavorable report.
The Rev. Reinhold Niebuhr, renowned American theologian and social reformer, died at age 78 at his summer home after a long illness. A Lutheran-leaning Lutheran, he taught Christian realism and linked faith to social and political action, influencing leaders and helping found the World Council of Churches and Americans for Democratic Action.
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