Man Acquitted Of Refusing To Pay For Drink
Richard T. Shubert a wealthy New York fishing tackle maker was acquitted in Hollywood on charges of attempting to defraud an innkeeper by refusing to pay 28 dollars for a bottle of scotch. He was arrested September 13 at Ciros nightclub after consuming the liquor with three companions. A jury of twelve deliberated two hours before delivering the verdict in Shubert's favor.
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Hollywood
Richard T. Shubert
New York
Shubert
Ciro
Braniff Buys Jet Airliners in Major Purchase Plan
Braniff Airways, Dallas based, announced an $87 million aircraft program including up to 24 new turbo jet turbo prop and piston engines. Management is authorized to buy up to eight Convair 440s ten turbo prop aircraft and six jet propelled aircraft at total $67 million. Existing orders for seven Douglas DC-7Cs and fleet modernization cost $20.2 million.
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Dallas
Braniff Airways
Chicago
Rio de Janeiro
South America
Braniffs Management
Braniff
Fort Polk Reactivated. Leesville Declares Fort Polk Day
Leesville Louisiana proclaimed Tuesday Fort Polk Day to celebrate the reactivation of Camp Polk into the permanent post Fort Polk. Businesses closed as the town marked the reopening and anticipated boost to the local economy.
MENTIONED IN THIS ARTICLE
Louisiana
Fort Polk
Leesville
R. J. Fertita
Camp Polk
Government loosens tight credit restraints this year
Washington reports a shift in policy as the administration moves toward neutrality on credit restrictions. Officials say inflation fears have eased, suggesting a possible tax cut next year if inflation remains tame. The Fed has begun open market purchases to ease credit and offset prior rate hikes.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Congress
Eisenhower
Federal Reserve System
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