High Point Enterprise Newspaper Archives Jun 26 1974, Page 60

Low-resolution version. To view a high quality image

Start Free Trial
High Point Enterprise, The (Newspaper) - June 26, 1974, High Point, North Carolina Britain getting Arab Oil Money by Arthur Gashon attic itch pref writer Britain has been getting More than its fair share of the arabs new Oil Noney a High ranking government source reported today one authoritative estimate put the amount at billion since the first of the year Treasury and Bank of eng land sources confirmed that key Arab Oil Arabia Kuwait and Bahrain Are among those men Are pouring Money into the country several countries appear Tobe funnelling Money in through intermediaries including commercial Banks others Are reported investing in the depressed property Market there has been talk that some Arab governments Are quietly buy ing up stocks in British companies prices of which Are now at a 15year Low because of the quadrupling of Oil prices Over the last 18 months the arabs Are expected to earn More than billion in Oil Revenue this year there Are persistent reports that the government1 is secretly negotiating for Arab Loans to help Britain Over its balance of payments deficit if there Are any secret negotiations they Are going to stay secret said a senior government official the government has stationed special envoys at key Arab capitals to offer in vestment terms and give guarantees against devaluation of the Pound the Gover nor of the Bank of England Gordon Richardson has visited saudi Arabia and prime minister Harold Wilson has entertained Arab sheiks passing through Lon Don business notes gets Post Tharpe Brooks inc one of georgias leading mortgage banking firms has announced the appointment of John d Hedrickjr to John p Hedrick High Point Enterprise wednesday june 26 1974 weather Cloudy and mild a trough of weak Low pressure continues Over the Eastern Seaboard Well defined upper level Low pressure trough remains anchored Over the Eastern states this will Lead to variably Cloudy skies along with a Small Chance of scattered showers in North forecast North Carolina Vari Able cloudiness and mild through thursday with scattered showers mostly Central portion today and East of mountains tonight and thurs Day highs today and thurs Day from 70s West portion to Low 80s Southeast lows to night around 50 mountains to upper 60s South coast South Carolina partly Cloudy and warm today 1 and thursday with a Chance of showers thursday highs today Low and mid 80s and highs thursday mid and up per 80s mild tonight with lows around 60 Northwest to the mid 60s coast Carolina today and thurs Day for the High Point area the forecast Calls for variable cloudiness and mild through thursday with a 30 per cent Chance of rain today High was expected to be in the upper 70s or Low 80s with the same predicted for thursday tonight Low should be in the upper 50s or Low 60s the Outlook for Friday is for a warming trend last nights Low was 59 Friendship measured 24 of an Inch of rain during the past 24 hours three Day forecast North Carolina warming trend fair until becoming partly Cloudy with Chance of showers sunday highs mid 70s to Low 80s Friday warm ing to the mid 80s and Low 90s sunday lows mid 50s mountains ranging to the mid 80s South coast Friday warming to the mid 60s mountains and upper 60s and Low 70s else where sunday court Broadens libel rules commercial officer at its Headquarters in Atlanta a native of High Point Hedrick is a graduate of Lenoir Rhyne College in Hickory where he majored in economics prior to join ing Tharpe Brooks he was with Pilot life insurance co of Greensboro for four years the last two of which he served As head of Fiat company Atlanta office Hedrick is married to the former Vicki Keck also of High Point they reside in Northeast Atlanta new consultant Lovelace and Gil Law firm announces the association of William c strange As a consultant his services will be available Only to the Law firm and not direct to clients strange retired from the internal Revenue service after 40 years of service Dur ing which time he was employed in the income tax pension Trust and estate and gift tax divisions for the last 25 years prior to his retirement he was super visor of the estate and gift tax division of the greens Boro District hrs strange is presently a part time professor of Law at Campbell College big store re Macy co inc covering 462 acres on a Block in new York City is the worlds largest store sales of the company for 197273 exceeded one billion dollars Rowland Hussey Macys sales on his first Day at his fancy goods store october 27 1858 amounted to by w Dale Nelson associated Frew writer Washington a Over the protests of Dis Senters who differed among themselves a narrow majority of the supreme court has devised a new Rule governing libel suits by private individuals in a 54 decision tuesday the court said states Are free to set their own standards for allowing private citizens to sue for damages for injuries suffered through libel the decision had the effect of making it easier for private citizens to sue for libel although the court set strict guidelines concerning awards for punitive damages to obtain punitive damages or to collect damages without proving they have been harmed they must show that the state ment of which they complain was made in the knowledge that it was false or with reckless disregard of the truth punitive damages Are de signed to punish the perpetrator of the libel another form of libel award is the presumed damage ordered because of fact of publication without proof it did harm the courts decision wiped out a 1971 ruling in which it said private persons suing for libel damages of any kind needed to satisfy the reckless disregard test if the allegedly Belous statement concerned a matter of Public interest it came in a Case involving Chicago lawyer Elmer Gertz who was called a communist Frontier by the John Birch society american opinion Magazine after he represented the family of a youth shot by a Chicago policeman Gertz won a libel judgment from a jury a judgment overturned by the us circuit court in Chicago the supreme court sent the Case Back to the lower court for a new trial justices William 0 Douglas and William j Brennan dissented on grounds that it infringes on Freedom of the press chief Justice Warren e Burger and Justice Byron White attacked the majority from the opposite direction White said the decision goes far towards eviscerating the effectiveness of the Ordinary libel action and would leave the people at the com plete mercy of the press Burger noting that the Case decided involved a lawyer who was criticized because of his involvement in a controversial Legal proceeding said the right to counsel would be gravely jeopardized if every lawyer who takes an unpopular Case civil or criminal would automatically become fair game for irresponsible reporters and editors who might for example describe the lawyer As a mob for representing a client with a serious prior criminal record the Case was the latest in a series of major libel decisions in which the court established the reckless Dis regard test but limited it to Public officials before peo ple bringing libel suits needed Only to prove that the publisher or broadcaster had not taken reasonable care to see that the material was accurate in 1967 the court said Public figures also must prove reckless disregard to collect for libel then in 1971 the court declared that the same Rule applied to statements about private individuals so Long As they dealt with Public issues the Only elastic stocking with Correct counter pressures indicated by your physician custom engineered venous pressure gradient supports now available locally on prescription Only when your doctor recommends a support see us Mclarty drug co 128chruch ave pm 8831431 limit 1 per family store Coupon 20oz a value listerine Antiseptic family size with Coupon you save Good for 100 off our special Price of expires 62674 95 Good Only at White shield discount Ponds your Choice of Lemon peach or regular scents of size a 790 value 21 for x you save 58c on 2 swedish tanning secret 4 of lotion or 4 of Oil a value you save 78c solar Caine lotion 30z size a value new from Toni Earth born shampoo Milder than baby shampoo 1hnormaldry01ly 4 of 890 value 80l value 12 of value i 1 Apricot Apple or Avocado Earth born has the perfect pm Factor shield 134 n main High Point 19 Salem St Thomasville protects your Mailys healt 4 wealth Quality merchandise lowest prices anything can happen on whats my line weeknights 7 pm Bill Boyce music Center North Carolinas largest keyboard dealer value Conn Organ with Strummer Auto rhythm show chord Auto Bass Reg now 1195 00 on june 30th our fiscal year ends and we must Clear out excess inventory pianos reduced to organs reduced to used pianos and organs priced to sell Musk can tar hours Montour Fri til 9 sat til 6 Sedgefield Plaza 4619 High Point re pm 8551928 also Holly Hill Mali in Burlington save big on these Kimball 58 grand Reg now Conn pedal console Organ Reg now o j 95 Lowrey Organ with Genie v Story Clark console piano Reg now 95ik 474e4

Search all High Point, North Carolina newspaper archives

Explore other publications from High Point, North Carolina

All newspaper archives for June 26, 1974