Credit Reins Tightened As Easy Money Policy Ends
The Federal Reserve Board moved to tighten credit by raising reserve requirements on checking accounts for large banks to 17 percent and 12.5 percent for smaller banks. The change affects about 2,000 banks and will raise reserves by roughly 550 million dollars, reducing funds for loans and investments. Officials call it a modest shift and a signal to act against inflation, with potential implications for the proposed 10 percent tax surcharge.
MENTIONED IN THIS ARTICLE
Joseph R. Coyne
Washington
Federal Reserve Board
Congress
Johnson
Federal Reserve
Lee
Populations May Threaten Global Oxygen Supply
Dr LaMont C Cole of Cornell warns growing world population could outpace oxygen production from plants. Japan and the United States may already overdraw local oxygen balance, amid rising meat demand and expansion of industry. Sea diatoms supply over 70 percent of Earths oxygen.
MENTIONED IN THIS ARTICLE
John Barbour
New York
Japan
United States
LaMont C. Cole
Cornell University
Cole
American Association For the Advancement of Science
Miami Police Chief Declares War on Hoodlums
Miami Police Chief Walter Headley announces a get tough policy using shotguns and police dogs in Negro districts, backed by the Greater Miami Crime Commission. He claims 85 percent of violent crime is by Negroes and vows suspects will face the morgue if bonded. Public officials and Negro leaders react with concern over racial tensions. Headley says only force communicates with hoodlums as he orders a harsher crackdown. The story notes the 1960 census figures for Dade County and references continued coverage on page 14.
MENTIONED IN THIS ARTICLE
Miami
Fla
Walter Headley
Greater Miami Crime Commission
Dan Sullivan
The
Crime Commission
Headley
Dade County
More Snow Possible On High Plains
Avalanche Journal reports Arctic front brings a mini blizzard to the Panhandle and South Plains with snow totals up to two inches in towns like Lockney and four inches in Abernathy. Winds gusting to 50 mph whip drifting snow and near zero visibility. Forecasters expect additional light snow late today as cold air returns with highs in the mid teens and a rebound to the 40s later.
MENTIONED IN THIS ARTICLE
Dave Knapp
Avalanche-Journal
Texas
Panhandle
South Plains
Lockney
Abernathy
Levelland
Dallas
Lubbock
Dallas - Fort Worth
Tyler
Texarkana
Downstate
Rockies
Great Plains
Middle West
Maid of Cotton in Memphis for national contest
The Lubbock area reports a Maid of Cotton heading to Memphis to compete in the national contest. Additional notes include a SCOT woman visiting her daughter in Lorenzo on her first overseas trip.
MENTIONED IN THIS ARTICLE
Lubbock
Area
South Plains Maid of Cotton
Memphis
Lorenzo
Today's Prayer Invocation for Wisdom and Service
A devotional line requests divine wisdom and a willing heart to serve the Lord with diligence, attributed to a reader.
Snowfall Closes Roads as Lubbock Postal Worker Braves Weather
Richard Adams of 5218 42nd St and many others faced near zero visibility during a snow storm on Wednesday. Adams, a Lubbock postal employee, was on his morning collection route as light snow was forecast to continue tonight.
MENTIONED IN THIS ARTICLE
Richard Adams
42Nd St
Adams
Lubbock
David Buller
Three Bodies Exhumed In Arsenic Case
In Cordele Georgia investigators with a UPI report exhumed three more Gibbs family members amid an arsenic murder case against Janie Lou Gibbs age 35. Autopsies confirmed arsenic in Roger Gibbs 19, part of a string of deaths over two years including Charles 40 Melvin 16 Marvin 13 and infant Ronnie.
MENTIONED IN THIS ARTICLE
Cordele, GA
UPI
Janie Lou Gibbs
Marvin
Roger Gibbs
Roger
Charles
Melvin
Sunnyside Cemetery
McLendon eyes governorship and targets Yarborough
Dallas radio executive Gordon McLendon hinted at running for Texas governor and targeted U.S. Senator Ralph Yarborough in a bruising 1964 Senate contest. A statewide survey and Jan 3 Austin news conference will reveal his plans as Preston Smith remains a leading candidate.
MENTIONED IN THIS ARTICLE
Dallas
Gordon McLendon
Net
U.S
Ralph Yarborough
Yarborough
McLendon
Austin
Preston Smith
Smith
John Connally
Yarporesseh
Bee McLendon
Boy dies in O’Donnell house fire
A five year old O’Donnell boy, Israel Morales, died at the scene in a fire at his grandparents’ home owned by Sam and Mrs. Ortiz. Fire chief LeRoy Mensch said the child was found in the southeast bedroom. the aunt Louise Ortiz and uncle Johnny Ortiz escaped. Survivors include his parents and grandparents, three brothers and four sisters.
MENTIONED IN THIS ARTICLE
O'Donnell
Sam Ortiz
Israel Morales
Pedro Morales
Horace ‘Burnette
LeRoy Mensch
Mensch
Louise Ortiz
Johnny Ortiz
Urvivors
Two Area Towns Approve 1 Percent Sales Tax Plans
Amherst voters approved a one percent sales tax while Littlefield residents backed both the tax and a sewer bond. In Littlefield 482 for 105 against with five void ballots from 592, and 541 ballots total. Amherst cast 55 for 54 against.
MENTIONED IN THIS ARTICLE
Avalanche Journal
South Plains
Amherst
Littlefield
Father calmly drives four children to funeral home
In Jonesboro, Earl Clinton Watson, a paper mill worker in his early 30s, killed four girls two by rifle and two by strangulation. He then drove to a funeral home and announced, I’ve had an accident, I’ve killed my babies. He was taken into custody and returned to a state hospital from which he had been released six weeks earlier. No immediate charge filed. investigation ongoing.
MENTIONED IN THIS ARTICLE
Jonesboro
Earl Clinton Watson
Jackson Parish
Winston Lee
Watson
E. L. Edmonds
Dollar defense policy shapes Johnson’s 1968 agenda
President Johnson’s annual address is expected to push measures to curb dollar outflow and boost exports, with a 10 percent surtax proposed to keep U.S. prices competitive. A plan to remove gold cover could release billions to defend the dollar, as the Fed tightens reserves for banks.
MENTIONED IN THIS ARTICLE
Sterling F. Green Washngton
Johnson
Congress
U.S
Ddollar
Federal Reserve Board
Armored Truck Raid Nets $301000 in Ohio
In Youngstown suburbia a daring afternoon burglary at Almart Department Store led thieves to steal $301,000 from a security company truck. Police chief Donald Hawkins reported $39416 remained in a rear compartment, and the truck was found abandoned thirty minutes later in Mill Creek Park. A witness saw a man in dark uniform gain entry with a key.
MENTIONED IN THIS ARTICLE
Youngstown
Ohio
UPID
Donald Hawkins
Boardman Township
Hawkins
Almart
Mill Creek Park
Weather note for Lubbock area with clouds and warmth
Increasing cloudiness and warmer conditions expected this afternoon in the Lubbock area. Tonight will not be as cold with possible light snow. high temperature in the mid 40s, low around the mid 20s, and southerly winds 15 to 25 mph. Snow chance about 10 percent.
MENTIONED IN THIS ARTICLE
Lubbock
Also Mentioned on This Page
Honolulu
Navy
Pearl Harbor
Ees England
Kansas
Oklahoma
Missouri
Arkansas
Ohio Valley
U. S. Weather Bureau
Mercury
Caprock Cage
Congressional
North Vietnam
Egypt
Suez
OW News
LA Avalanche-Journal
Chester Harucki
Franklin D. Roosevelt
Bureau of Engraving and Printing
Roosevelt
Harucki
O’donnell
House Blaze
Milan
City Abilene
Marilio
Denver
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!