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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Apr 11, 1963
Page
4
Washington lawmakers debated a bill to require more silver backing for the one dollar bill, aiming to curb coin melting and protect assets. Opponents warned the plan could reduce flexibility and raise federal costs. The measure passed the House on a two to one margin, with Republicans and some lawmakers voicing concerns about federal debt and monetary policy.
Paris joined 14 NATO members in a move toward a unified nuclear command with air and sea strike forces. The decision, reported after Rusk addressed NATO, foreshadows a NATO nuclear force to be discussed May 22-24 in Ottawa. France will contribute two squadrons to the command while retaining its national deterrent policy.
Aides met amid growing signs of a steel price crisis as White House discussions continued. Officials indicated no concrete conclusions by late morning while signaling patience for potential industry price moves. The scene included VIP entrances and lingering questions about whether another steel price drive would prompt presidential action.
SACRAMENTO UP I reports a Bank of America led syndicate won 100 million in state school building aid and construction bonds with bids of 2.93 percent on school bonds and 2.95 percent on construction bonds. The school bonds fund classroom construction across 35 counties. Construction bonds support a 157.9 million building program for education facilities, corrections and hospitals.
Washington UPI The House approved 202-172 to restore 450 million for Kennedy public works, overruling an appropriations panel that had cut the 500 million request. The White House called the passage a major Democratic victory over Republican opposition. Senate support seemed likely. In Sacramento a separate measure for Good Friday proclamation funds faced local pleas for federal public works money.
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