Gold rush fizzles as U S buys gold begins
Americans could legally buy gold for the first time since 1933 but early trading showed caution and weak demand. Prices slid from European highs as brokers reported inquiries but few takers. Investors and shoppers voiced skepticism while notable buyers sparked brief interest.
MENTIONED IN THIS ARTICLE
United Press International
Samuel Weiss
New York
Europe
Weiss
James Buckley
R-N.y
Buckley
Los Angeles
Dean Jones
New Year Reflections From City Streets and Global News
Revelers in Times Square welcomed 1975 amid rain and crowds while others sought quiet at home or bought entertainment at the Sheraton Palace in San Francisco. Timekeepers added a leap second as 1974 closed with inflation and turmoil, yet hope for solutions to world problems emerged. Cartiers on Fifth Avenue reported an apparent security lapse with no theft.
MENTIONED IN THIS ARTICLE
United Press International
New York
Times Square
San Francisco
Sheraton Palace
Salvation Army
Harbor Light Center
Chicago
Middle East
Ulster
Irish Republican Army
Washington
Darwin
Australia
Pattan
Pakistan
New York City
Fifth Avenue
Cartier
Boy 17 Held in New York School Sniper Killings
Anthony F. Barbaro, 17, a top student and rifle team member, was arrested on murder charges after a sniper attack from a high school classroom killed three and wounded 11 in Olean New York. A gas-mask and rifles were found as investigators describe a 90 minute siege.
MENTIONED IN THIS ARTICLE
Olean. N.Y
UPI
Anthony F. Barbaro
Barbara
Barbaro
Michael Barbaro
New York
Dresser Clark
Earl Metcalf
Neal Pilon
Columbia Gas Co
Terrence Shearer
Mercy
John Gibbons
Gibbons
Carmen Wright
Olean
San Quentin Begins Segregation of Mexican American Inmates
San Quentin Prison authorities isolate about 30 members of the Mexican Mafia to reduce attacks amid a two week 24 hour lockup. Officials say segregation aims to allow most inmates to walk the yard safely while not fully separating by ethnicity. The year’s violence includes a Dec. 19 attack on five Black inmates, two killed.
MENTIONED IN THIS ARTICLE
San Quentin
Calif
UPI
William Nyberg
Nyberg
Black Guerrilla Family
Aryan Brotherhood
San Francisco Bay
New Year Brings Higher Social Security Taxes and Raises
The 1975 changes raise the Social Security base from 13200 to 14100, increasing annual tax by 52.05 to 824.25 with 5.85 percent rate. Withholding resumes for those earning over 13200, reducing weekly pay about 17 for 15000 earners. Automatic COLA benefits begin for 30 million recipients, with July checks reflecting CPI gains. Minimum wage rises to 2.00 for domestic workers and 1.80 for farm workers.
MENTIONED IN THIS ARTICLE
Washington
UPI
Oakland and Fremont payroll checks go missing amid forgery probe
Alameda County Grand Jury disclosed 315 payroll checks from Oakland and Fremont unified school districts vanished, 87 recovered after Philip N. Wilson, 23, was arrested for forging checks. Authorities noted nearly 126000 dollars would have been paid if warrants were filled, with 231 checks still unaccounted.
MENTIONED IN THIS ARTICLE
Oakland
UPI
Alameda
Oakand
Fremont
Philip N. Wilson
End of 1974 Depression Deepens as Inflation Bites
A grim year ends with Americans facing eroded living standards as inflation peaks and unemployment climbs to 7 percent. The Dow tumbles 27.6 percent to 616, gas and sugar prices soar, and new pay rules cut take home pay while gold trading resumes.
MENTIONED IN THIS ARTICLE
United Press International
New York
Venezuela Nationalizes Iron Industry Amid Oil Takeover Plans
President Carlos Andres Perez declares the iron sector nationalized in a ceremony at Bolivar Hill as U S Steel and Bethlehem Steel transfer ownership. The government aims to nationalize the oil industry by year’s end with a draft bill due to Congress in March. Demonstrations support the move nationwide.
MENTIONED IN THIS ARTICLE
Puerto Ordaz
Venezuela
UPI
U.S. Steel
Bethlehem Steel
Carlos Andres Perez
Bolivar Hill
Caracas
Perez
Exxon
Shell
Mobil
Congress
United States
Soviet Union
Saudi Arabia
Iran
Bethlehem
U.S
Court upholds teacher role in policy matters
An appellate court in Sacramento upholds a Superior Court ruling granting teachers a larger say in financial and policy decisions of Yuba City Unified and San Juan Unified School Districts. The decision affirms that boards must meet and confer on a fact finding panel report and that budget and spending priorities affect employment conditions.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
California
3Rd District Court of Appeal
Yuba City
San Juan Unified
Communists Overrun Final Base in Phuoc Long Province
Saigon reports Communist forces overran the last military base in Phuoc Long province on New Year’s Eve, leaving the provincial capital of about 10,000 in government hands. Militia and infantry defenders blew up five Soviet T54 tanks as they retreated to a nearby camp and Ba Ra Mountain base two miles away, with no casualties at the time contact was lost at 11 30 p.m. New Year’s Eve.
MENTIONED IN THIS ARTICLE
Saigon
UPI
Phuoc Long
Ba Ra Mountain
Also Mentioned on This Page
Carlenne Brown
Southfield
Mich
Gold and Silver
Poe Co
Gwen Bennett
Salt Lake City
London
Ford
Colorado
South Africa
Quentin
Donald Gibson
By Barnes
Gregory and
Neil Gregory Frosty McPeek
North ‘K
McPesh
Order of the Olden Huleeet
Hansen Motors
H’ Street
Canada
Cessna
Cessna Pilot Center
Biscavec
Lompoc Aviation
Reds
Jimmy
Buick
Ron Fairbanks
Stanley
Ron
Stanley Plumbing and Heating
Ron’s Plumbing & Heating
Aturday Srt
F.D.I.C
First Valley Bank
Lompoc
Home Owned and
Home Operated
First Valley Bank OF
Lompos Corner
Hh” & Walnut
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!