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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jun 19, 1972
Page
4
The available text shows D A Rawley as co publisher and Mrs C H Lockwood and David A Rawley Jr as vice presidents, indicating the leadership of the publication. No additional context or details are provided in the fragment.
The article discusses rising public concern over government costs and taxes. It notes Hargrove Bowles winning the Democratic nomination with a no new taxes pledge and highlights Guilford County’s 21 percent tax rate cut versus High Point's limited 12.4 percent reduction. It warns that city tax rates may not drop enough to reflect new valuations and that public sentiment could influence taxing decisions.
The Enterprise recalls a previous plan to finance a municipal stadium with voter approved bonds now rated at 850000. Bid estimates push cost nearly 1.3 million, forcing a debate over whether the city should fund the project, rely on the schools, or cut expectations amid mounting budget strains.
The article reports a mortgage racket tied to major banks and insurers including Chase Manhattan, Manufacturers Hanover, Metropolitan Life, and Prudential. It describes FHA mortgage scandals across U S cities with billions at stake and previews Senate hearings led by Phil Hart on antitrust and monopoly issues.
The piece exposes how mortgage companies bribe FHA appraisers and falsify credit ratings to secure loans above home values. Foreclosures, vandalism, and neighborhood ruin follow as taxpayers bear the loss while banks and insurers profit through backdoor deals with entities like Eastern Service Corporation and Chase Manhattan.
A defense of America's political democracy argues against progressive demonization and Big Lies about the nation. The author contends democracy remains vital despite faults, warning that anti American rhetoric seeks to undermine freedom and civil rights while urging continued effort to resist encroachments on democratic liberties.
The piece surveys reactions to Angela Davis's acquittal amid broader charges about unequal justice in America. It contrasts statements by Yale President Brewster and Ohio Justice Brown with the Marin County verdicts, noting venue changes, jury composition, and subsequent legal actions while urging caution about systemic fairness.
Corporate and banking analysts warn Nixon’s re election strategy to curb inflation will hurt business and stocks. They note Moscow talks hardened Kremlin ideology, Rogers urges ally vigilance, and labor tensions loom. Talk also covers tax changes, deficits, and Humble Oil’s coming Exxon name shift to boost appeal.
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