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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 23, 1969
Page
10
The Indian Claims Commission begins hearings on the Seminole demand for 32 million acres in Florida claiming 40 million dollars in value for land seized after 1820. Government offers 5.8 million. Attorneys cite forests and hunting grounds as key assets.
Sen Edmund S Muskie says he will drop his six month barnstorming tour and can live without the presidency if not nominated in 1972 He notes he would reconsider if re-elected to the Senate and if Democrats urge him to run.
David Rockefeller testified before the House Banking and Currency Committee that Chase Manhattan Bank raised its prime rate to 8 percent with reluctance but due to money market conditions. He said the move aimed to deter borrowing shifts to other banks and noted misunderstandings and loose charges tied to the rise. He argued higher rates reflect inflation and not its cause and linked inflation at about 6 percent to higher rates.
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