Folly Of High Dividends At Expense Of Reserves
Joseph P McMurray chairman of the Federal Home Loan Bank Board warns savings and loan associations to cut or halt high dividends by January 1 unless reserves meet stricter rules. He cites western firms inflating rates as inflationary and threatens no dividends for those failing to qualify, stressing the need to protect industry soundness and national financial stability.
MENTIONED IN THIS ARTICLE
Joseph P. McMurray
Federal Home Loan Bank Board
Savings and Loan Associations
Los Angeles
Savings and Loans Association
Chairman McMurray
Associated Press
AP News
High Point
N. C
High Point Enterprise, Inc
Thetis Bay
J. H. Nolan, Jr
Cincinnati
Donald A. Taylor
Nolan
Michael J. Hanley, Jr
USN
Donald Taylor
Taylor
K. V. Taylor
Walker Place
Revitalizing the Sheraton Hotel for Community Use
The Enterprise endorses Delos Hedgecock’s plan to restore the Sheraton to its former glory. It emphasizes keeping the hotel in local hands and filling gaps between markets with conventions, sales events, and gatherings to boost room usage and profitability.
MENTIONED IN THIS ARTICLE
Sheraton Hotel
Sheraton
Delos Hedgecock
Editorial on the dangers of medical quackery and harm
Editorial warns quacks can kill by selling worthless cures and delaying diagnosis. It traces AMA and FDA actions, notes quack campaigns like cancer cures, and cites extravagant public costs from ineffective products and devices. The piece highlights vulnerable populations as primary victims.
MENTIONED IN THIS ARTICLE
Food and Drug Administration
American Medical Association
Better Business Bureaus
AMA
Association
FDA
National Cancer Institute
Queenies
Egypt
Home Wilson clash looms for next British vote
London reports a Liberal era in British politics as new prime minister hopeful Lord Home faces Harold Wilson in next year’s general elections. The piece notes Home’s foreign policy record and aristocratic wealth, contrasted with Wilson’s formidable Labor leadership and polling strength. It highlights domestic reform issues and the parties’ images ahead of the vote.
MENTIONED IN THIS ARTICLE
Tom A. Cullen
Britain
Home
Harold Macmillan
Lord Home
Khrushchev
Berlin
United States
Russia
Cuba
British Labor Party
Wilson
House of Commons
Labor Party
House of Lords
Thomasville bank wins Unity Street branch nod
State Commercial Bank of Thomasville won approval to open a Unity Street branch as the State Banking Commission tightens grants under new laws. President George L. Handley hailed the decision, though a Randolph and Pine Streets request was denied, leaving the town’s first branch to anchor on Unity Street near the former church site.
MENTIONED IN THIS ARTICLE
Thomasville
State Commercial Bank
State Banking Commission
General Assembly
George L. Handley
Unity Street
Randolph and
Pine Streets
Memorial Hospital
Handley
Unity
Fellowship Hall
Washington Analysis Double Death Rattle for 1963 Programs
President Kennedy faces a tough path for two 1963 aims civil rights bill and tax cut. Dirksen doubts both can eventuate as Senate hearings drag toward Christmas. Southern Democrats threaten filibuster while House action stalls, leaving Kennedy scrambling for cross party support. The civil rights bill lacks House approval and faces a stiff committee battle led by Cel ler. The dispute pits liberal Northerners against Southern Democrats and conservative Republicans, with White House pressure to soften the bill.
MENTIONED IN THIS ARTICLE
James Marlow
Associated Press
Washington
Congress
Kennedy
Everett M. Dirksen
Illinois
Senate
House
Senate Finance Committee
Dirksen
Harry F. Byrd
Virginia
Byrd
Judiciary Committee
Emanuel Celler
New York
Tion
Arty
Robert F. Kennedy
White House
Also Mentioned on This Page
Christ
Christ the Lord
Charles Wesley
West
The
High Point Enterprise
North Main Street
High Point, N. C
D. A. Rawley
R. B. Terry
Apse
HOLT
Mepherson
Einaad
Brown
Patterson
Charles B. Loflin
Lori
Scot- Home
Neville Chamberlain
Lord Sach
David
Hitler
Lord Khrushchev
Goliath
Heit
Bill Pearson
National Association of American Business Clubs
Sertoma International
ABC
Bill
Furniture City
Mother
North Carolina
Charity and Children
Baptist
Tom Wiley
Minnesota Mining Manufacturing Company
CWA
Oras
Dixie Land
Washington Analysis
Double Death
Celler
Berry's
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