16 Apr 1956
Page 1
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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Apr 16, 1956
Page
1
Postwar Alabama faced carpetbagger era bonds issued to satisfy debts. Original issues totaling 8.4 million dollars carried steep interest costs, with figures like 16.8 million in interest cited. Budget officer James IV Jan notes bonds matured by 1908, and nonsecurable status delayed repayment beyond a century.
In Judsonia a man, Luther Chandler, was shot and died at a Searcy hospital after entering his wife Teia Chandler’s home. Sheriff Price said Chandler was shot with a .32 caliber pistol, two assailants drove him there, and the wife claimed she warned him to leave. No charges yet filed.
The article traces long history of state bonds dating to 1874 debt compromises and postwar funding. It notes bonds issued for 30 years, reduced to 8.103 million by Jelks refunding, and sinking funds accumulating to 8.357 million to retire principal and interest. It mentions constitutional tax income allocations in 1947 and bond payments through 1950, plus earlier issues of 454,000 in 1868 20 on 30 year basis.
Monaco braced for Prince Rainier III and American star Grace Kelly as final events launched a 140000 dollar community binge. The 387 acre principality hosted a gala at the Sporting Club ahead of Wednesday and Thursday ceremonies with a one of those rare citywide celebrations to honor the Philadelphia-born actress. Estimates place the gala dinner cost at 140000 dollars, with totals to be finalized in the weeks ahead.
Harold J. Eckhardt, a 28 year old Air Force serviceman from Fayetteville Arkansas, was killed instantly yesterday when his motorcycle lost control on a highway near Alexandria Louisiana. The accident occurred near the city while Eckhardt was driving through.
French Mystere jets headlined Israel’s independence parade in Haifa marking eight years as a state. Israeli leaders watched as the air show featured Ouragan planes alongside Meteor jets amid tensions with Egypt and a pending U N mission led by Dag Hammarskjold.
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