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Newspaper
Jefferson City Post Tribune
Location
Jefferson City, Missouri, United States of America
Date
Jun 06, 1969
Page
4
Americans pull back on saving as inflation accelerates beyond 5 percent yearly. Savings bonds are cashed, life insurance loans rise, and loans on policies increase, with deposits dropping at savings institutions. Metropolitan Life shows assets pledged as loans climbing from 3.95 percent in 1966 to 4.12 percent by April 1969.
Kansas City AP reports the Missouri House committee on revenue reviews a report noting the intangible tax field is largely uncollected. It cites eight staffers, one accountant, and spending of 20 000 by a library district survey. TEI figures show life insurance loans totaling 801 million in Q1, up 150 million from last year.
Washington AP reports that banks and lenders warn a coming loan crunch as government caps threaten to curb or end many student loans. Officials cite higher rates and possible new fees while Congress considers changes to the Higher Education Act. The stakes reach hundreds of thousands of students and millions in guarantees as lenders warn they may restrict or halt disbursements.
Atlanta AP reports plans to prevent lunar contamination by Apollo 11 astronauts. Containment includes two weeks in quarantine, iodine disinfection, and spacesuits with air filters. A frogman will spray disinfectant on splashdown, then astronauts enter a sealed trailer for further isolation.
Rep. Bill Hungate of Missouri appeared before the House appropriations subcommittee on public works to press for 4.5 million dollars in budgeted funds for Missouri water projects and an additional 2.2 million in appropriations not in the Nixon administration’s fiscal 1970 budget.
Carrollton native Dr. Robert R. Huddleston a 1948 Baker University alumnus was chosen to lead Dakota Wesleyan University. He becomes the 25th Baker alumnus to assume a college presidency and will take the post July 1. Huddleston currently serves as vice president of development and public relations at Westminster College in Saint Louis.
The Defense Department said on Thursday that Amy Spec. 4 Leonard L. Lewis, son of Maxine FP. Lewis of Rt. 2, Fenton, Missouri, was killed in action in Vietnam.
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