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High Point Enterprise in High Point, North Carolina

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

High Point Enterprise

Location

High Point, North Carolina, United States of America

Date

May 29, 1962

Page

1

Official Reveals Papers Destroyed After Estes Audit

A private accountant who prepared a rosy audit of Billie Sol Estes finances destroyed working papers after a call from Estes associates, Agriculture official says. The audit valued Estes net worth at 13.7 million, aiding a bond increase push. Jackson acknowledged an inadequate audit before the report.

Washington Billie Sol Estes Estes’ Organization Agriculture Department Estes U.S S. R. Smith Agricultural Marketing Service Winn P. Jackson Texas Texas Atty Will Wilson Justice Department FBI Marshall Smith House Agriculture Marketing Service

Chamber Head Urges Action to Restore Business Confidence

H Ladd Plumley president of the U S Chamber of Commerce called for White House leadership to rebuild business confidence. He blamed the stock market plunge on two factors profit outlooks and Kennedy steel price actions. Plumley warned against administered prices and urged a thoughtful program to restore fundamentals for stability and growth.

Washington H. Ladd Plumley U.S. Chamber of Commerce White House Plumley Kennedy National Press Club Chamber Madison Avenue

Hodges Urges Action To Restore Confidence In Markets

In New York AP report notes faint rally signs as selling dominates with Dow down over 13 points and broad losses across major shares. Hodges calls for concrete government measures including tax overhaul and accelerated depreciation revision to shore up confidence.

Jack Lefler NEW York (Ap London Stock Exchange Munich Paris Zurich Frankfurt Japan Tass New York Revolucion New York Stock Exchange Associated Press Dow Jones Anaconda Sears Roebuck Swift Texaco American Telephone Jersey Standard Boeing Ford Woolworth

Eichmann Death Penalty Upheld by Israeli Court

Israel's Supreme Court rejected Adolf Eichmann's appeal of his death sentence, deeming the punishment fitting for his crimes. The ruling leaves a possible clemency route to President Ben Zion Ben-Zvi, with execution likely to follow if clemency is denied.

Jerusalem Israel Supreme Court Adolf Eichmann Gestapo Eichmann Robert Servatius Izhak Ben-Zvi Justice Ministry

Carpenter Receives College Degree After Space Flight

Astro naut Malcolm Scott Carpenter is awarded a bachelor of science in aeronautical engineering by the University of Colorado in a 90 minute ceremony. He earlier left the university in 1949 during his senior year over a heat transference course concern. The recognition medal accompanies the degree as President Quigg Newton hosts Carpenter and his wife at a guitar songs event.

Boulder Colo Malcolm Scott Carpenter University of Colorado Carpenter Quigg Newton Renee

Market Controls Held Steady By Fed On Margin Rules

The Federal Reserve Board stays silent on calls to ease stock market credit limits. Sources note lowering margin from 70 percent to 50 could lift prices but may also signal concern and invite more selling and short selling, dampening gains.

Washington Federal Reserve Board Wall Reserve Board

Four Window Washers Die In New York Elevation Plunge

A moving platform failed at the Equitable Life Assurance Society building on the Avenue of the Americas in New York. It plunged from below the 23rd floor to the ground, killing four window washers. The AP Wirephoto shows the platform wreckage on the 51st Street side.

Equitable Life Assurance Society New York 51St Street

Four Window Washers Die In Plunge At Equitable Building

Four window washers died when the platform they rode plunged down the side of the 43 story Equitable Building in Midtown Manhattan. Three were killed on impact as glass shatters spread across the sidewalk. a fourth died at a hospital. A maintenance man attributed the tragedy to brake failure in the remote controlled engine above the platform.

New York Equitable Midtown Manhattan Radio City Music Hall

Hodges Calls Quick Tax Reforms to Restore Confidence

Secretary Hodges urged rapid action to counter market jitters, proposing a swift tax overhaul with possible net income tax cuts and an early depreciation revision for business investments. He backed piecemeal tax changes as soon as available, following a White House market briefing.

Eastman Kodak du Pont U.S. Steel Reynolds Tobacco Luther Hodges Washington the Treasury Douglas Dillon Kennedy Luther H. Hodges Hodges The Treasury Secretary of the Treasury Department White House Dillon William McC. Martin Federal Reserve Board David Bell Walter Heller President's Council of Economic Advisers Edward Gudeman Manuel F. Cohen Securities and Exchange Commission Capitol Heller Economic Council

Enka plant idled as 2600 workers join walkout

About 2,600 employees at American Enka Corp. walked out joining a 700-strong protest that began last night. A Superior Court injunction limited pickets to 10, barred traffic disruption, and ordered others 200 feet from Enka property.

Asheville American Enka Corp N. C Superior Court J. Frank Huskins Burnsville Enka Gaylord Davis Enka Financial Terry Sanford

Also Mentioned on This Page

Freddie Redd Financial Department AP Witephoto W. B. Ragsdale Jr Jackson Internal Revenue Service Agrculture Department Franklin Tex Texas Agriculture Henry Marshall Dallas Internal Audit Division Aldip Polaroid Westinghouse General Motors Simon Agra‘nat Germany Ramleh Tel Aviv By Ranke Cormier Favors
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