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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Aug 17, 1971
Page
1
Experts question the future of the gold standard after Nixon suspend convertibility of foreign dollars for gold. The move, intended to free the dollar to float, could devalue the dollar 12 to 16 percent as other currencies rise, with IMF limits on gold moves and widespread market shutdowns complicating the outcome.
AP reports Typhoon Rose struck Hong Kong and nearby waters with 190 mph winds and heavy rains killing over 90 people. Viet Cong frogmen reportedly sank an 11,000 ton freighter at Qui Nhon harbor as overnight shelling continued along the DMZ. Nixon seeks wage and price controls with a broader monetary reform, while labor leaders warn costs will hit workers.
President Nixon freezes wages prices and rents for 90 days and assigns enforcement to the Office of Emergency Preparedness. OEP will coordinate relief after disasters and manage enforcement with regional offices in Seattle San Francisco Denver Dallas Kansas City Chicago Atlanta Philadelphia New York Boston. Officials say they will shift staff from other agencies and hire clerical workers to handle a nationwide mobilization.
Los Angeles AP reports Mohawk actor Jay Silverheels born Harold J. Smith was officially allowed by Superior Court Commissioner Harold Boisvert to change his name after stating Jay Silverheels is his true tribal name. At 59 he emigrated from Canada where authorities required a nontribal name and now runs the Indian Actors Workshop in Hollywood advocating cultural identity.
In Baltimore, singer Tiny Tim joined acting Mayor William Donald Schaefer for a tree planting in downtown during rush hour. Tim wore brown trousers and a blue trench coat as he planted three Myrtle trees, while the event ended with three rear-end collisions involving passing cars and Playboy bunnies.
Treasury clarifies how the wage and price freeze operates amid Nixon’s economic package. Key points cover public price records, divisional limits, wage rules, state and local government pay, tuition and utility rate moves, retroactive pay, and 1972 auto pricing. Officials say details evolve with the Cost of Living Council as it develops enforcement mechanisms.
Audrey B. Case, president of the Missouri Soft Drink Association, denounces a proposed conservation tax as discriminatory and inflationary. He urges reassessment of plans, arguing non-game preserves and lakes need funding but the tax should not fall entirely on soft drink bottlers and buyers. Case cites a South Carolina study showing harm to industry growth and profitability.
Tangier Morocco AP reports actor Paul Lukas aged 76 died Sunday in a Tangier hospital. The stage and film star, famed for the World War II anti-Nazi role in Watch on the Rhine which earned him an Academy Award, had a career spanning light comedy to heavy melodrama.
AFL-CIO President George Meany calls Nixon action discriminatory and questions price enforcement. United Mine Workers head Tony Boyle says negotiations proceed despite the 90 day freeze, while Treasury Secretary Connally says retroactive pay increases won’t begin until the freeze ends. United Steelworkers and United Auto Workers weigh in, with Meany seeking details from the executive council meeting to resolve questions about wage hikes and tax changes benefiting corporations.
President Nixon plans a cross country trip beginning with an address to the Knights of Columbus in New York City. He will overnight there, then travel to Springfield Illinois to sign a bill making Abraham Lincoln's home a national historical site, before visiting Grand Teton and traveling to Dallas to speak at the Veterans of Foreign Wars.
New York AP report highlights former President Truman recalling the 1951 firing of Gen. Douglas MacArthur. Truman cites two main reasons: opposing MacArthur’s push to use Nationalist China forces in Korea and MacArthur’s challenge to civilian authority. He asserts Secretary of Defense George C Marshall opposed the firing, warning it could harm troop morale and funding.
The Auxvasse City Council passed a curfew requiring minors under 17 to be off streets by 11 p.m. Monday to Thursday and by midnight Friday and Saturday, with exemptions for minors accompanied by a parent.
The Who closed the Mississippi River Festival on SIU campus in Edwardsville drawing about 34,000 fans. Nearly half arrived four hours early, 25 buses shuttled attendees, and the crowd surpassed the 1970 record of 15,871 for a Chicago performance.
There is room for two more students in the two year post high school Technical Drafting program at Mexico Area Vocational Technical School. The program starts Wednesday Sept 1 and meets 8:30 am to 3 pm Monday through Friday. Tuition is 30 dollars a month plus 25 dollar application fee and costs of supplies and books. This state approved program serves veterans training. High school graduates may apply by calling 581 5584.
In pre-dawn raids across eight north of Kansas City communities, 22 people including a high school coach were arrested on charges of selling or possessing marijuana and LSD. The coach was named Joe Cruthers of North Kansas City High School.
On this date in 1914 Germany declared war on Russia marking the start of World War I. The rundown notes the date as August 17, 1971 with 136 days remaining in the year.
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