Kennedy Plan Aims to Restore US Economic Strength
President Kennedy proposes a strong medicine to fix America’s balance of payments. The plan includes reducing duty free abroad from 500 to 100 dollars, curbing use of foreign tax havens, limiting military abroad spending, expanding farm exports, drawing more foreign travelers, and inviting foreign investment while banning gold holdings abroad. The goal is to strengthen the dollar and maintain the United States as the principal banker of the free world.
MENTIONED IN THIS ARTICLE
America
Kennedy
U. S
United States
Hosmer urges 10 member panel to reform electoral college
Rep Craig Hosmer proposes a 10 person Electoral College reform commission with four members from each House, two appointed by the President. It would study proposals, decide whether to jettison or revise the system or elect by popular vote and report by March 1962 for possible constitutional amendment before 1964 elections.
MENTIONED IN THIS ARTICLE
Craig Hosmer
Long Beach-Lakewood
Signal Hill
Legislaion
House
Senate
Hosmer
Oriana Welcomed At Long Beach Port By City Leaders
Passengers and crew of the S S Oriana arrive at Long Beach as a band serenade and mayor led welcome unfold. The event highlights Long Beach Port Ambassadors efforts to promote the harbor to travelers and shiplines, aiming to set a welcoming pattern for future arrivals.
MENTIONED IN THIS ARTICLE
S.S. Oriana
Long Beach
West Coast
Chamber of Commerce
Flight of Industry Abroad Challenges Kennedy Policy
Washington reports the flight of American industry to foreign lands for cheaper wages and lower taxes has become a national and international problem for President Kennedy. Labor unions and industrial interests criticize the drift, which Britain Canada France and Australia condemn as a new form of American imperialism. U.S. investments total about $33 billion and rise by about $1 billion yearly, with profits often reinvested overseas and lightly taxed until repatriated. Treasury estimates cite at least $1 billion yearly in lost revenue due to evasion, roughly a quarter of the 1961 balance of trade deficit.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Congress
White House
Nixon
Department of Commerce
United States
Treasury
Uncle Sam
Ken
John L
Eisenhower Silent Partners Tied to Chrysler Probe
Drew Pearson exposes a web of potential conflicts at Chrysler involving W Alton Jones a director and head of Surface Combustion and a key adviser on finances Jones also advised Chrysler while owning a competing furnace maker prompting questions about SEC action and the fairness of corporate governance in the Eisenhower era The column traces Jones role in firing Chrysler president Newberg and signals further revelations to come.
MENTIONED IN THIS ARTICLE
Washington
Gettysburg
Harry Truman
Truman
Eisenhower
W. Alton
Pete” Jones
Cities Service
Ike
Mr. Jones
Chrysler Corporation
United States
William C. Nanberg
Chrysler
Newberg
Jones
Securities and Exchange Commission
W. Alton Jones
New York
Phoenix
Mexico
Surface Combustion
Chryslers
Sol Dann
Midland-Ross
Cleveland
Long Beach Bank history traces roots to 1896
The Bank of Long Beach organized under California law in 1896 with Jotham Bixby as president and P. E. Hatch as cashier. It started as a local institution with a $25,000 charter, later becoming the National Bank of Long Beach. By 1925 the Security Building was completed on First Street and Pine Avenue. Depositors have never lost a dollar due to a bank failure.
MENTIONED IN THIS ARTICLE
Bank of
Long Beach
California
Jotham Bixby
P. E. Hatch
Hatch
National Bank
National Bank of
First Savings Bank
Long Beach Trust & Savings Bank
Security Trust & Savings Bank of
Los Angeles
First Street
Pine Avenue
Bankers of
Strictly Personal Highest Tragedy Too Commonplace
In a thoughtful critique the author condemns society’s love for drama while noting real suffering in daily life. The piece contrasts dramatic rescue feats with the ongoing neglect of systemic issues such as poverty, disease, and child welfare, urging action beyond spectacle. Dramatic irony cautions that both audience and actors may fade from view.
Compulsory Auto Insurance Suggested by William C Elgin
A resident urges California to adopt compulsory auto insurance regulated by a state board free from insurer control. He cites high fees and assigned risk rates, calls for transparency in fault reporting, and proposes driving clubs of 100 people to pool risks as an alternative to rising premiums.
MENTIONED IN THIS ARTICLE
California
Sacramento
State
William C
Elgin
Bacarro St
Independent newspaper masthead fragment with publisher names
Fragmentary OCR shows the Independent newspaper masthead listing publishers and editors with scattered names and offices. It includes Herman H Ridger and Danial Ridder as publishers, Harald M Hines and Samuel C Cameron as partners, Larry Collins as general manager, and multiple columnists and editors, plus office addresses in New York and San Francisco.
MENTIONED IN THIS ARTICLE
San Francisco
Sutter
Washington
Nawa Sureen
Garrant
Also Mentioned on This Page
Ray Tucker
Britain
Canada
France
Australia
Nedy
Democratic Party
District Fifty
John L. Lewis
United Mine Workers’ Organization
Lewis
Tucker
Drew Pearson
Surface Combustion, Inc
Toledo
H. L. Doherty
Bonan Co
Dann
Juan Trippe
Pan American Airways
Joseph Dodge
Detroit Bank and Trust
R. E. McNeil Jr
Hanover Bank
Lester Lum Colbert
Colbert
Board of Directors
First City Bank
By R. Winston Tucker
Mississippi
Great Britain
U. S. Air Force
Town Meeting
CONTINENTAL FRUIT _ , ORCHARDS, Inc
Daf
Rdep Ase
Argyle
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