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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Jan 21, 1972
Page
1
Valentine mail for servicemen and women prompts local effort. The Ledger will publish next week the service addresses reported by Jan. 26. Submit typed or clearly printed entries including full name, service number, and address.
President Nixon revived talk of a national value-added sales tax to ease property tax burdens as he pledged to propose school financing reforms later this year. White House officials cautioned no decision has been made, while Congress showed little support for the levy in 1972.
Mexico Housing Authority will open five of its 52 new public housing units for inspection Sunday from 2 to 4 p.m with ribbon cutting at 2. Guides will show visitors through units at 711 E Lafayette 722-724 E Lafayette 615 E Bolivar and 703 E Bolivar. Miss Mexico Sherry Ogar will cut the ribbon at 722-724 E Lafayette. City Manager Neil Nielsen and multiple officials will speak. Total project cost was 891,500 with Reinhardt Construction as contractor.
FBI identified Richard Charles LaPoint, 23, of Boston and Seabrook NH, as the Las Vegas to Reno hijacker who demanded 50,000 dollars and three parachutes. After landing at Denver Stapleton, he parachuted into a field. he was captured near Sterling Colorado and hospitalized with minor injuries.
In New York, Chase Manhattan and Chemical Bank announced a reduction of their prime lending rate from 5 percent to 4 percent, effective Monday. They followed First National City Bank of New York, which had already trimmed its floating base rate to 4.5 percent, with Irving Trust Co. also moving to 4 percent last week.
Two St. Louis teenagers died and a Crestwood youth was critically injured when a car on Interstate 70 crashed into a concrete pillar near Warrenton Missouri. Kenneth Cheswick 18 was the driver and James Beckman 16 also died. Thomas Medlock 19 was hospitalized in St Charles. The crash happened early as the car allegedly traveled at high speed about 25 miles west of St Louis.
A humorous line from Farmland News notes a family man who prefers snapshots over cash, implying a life centered on saved memories rather than money. The quip reflects rural perspectives on values and priorities.
Audrain County property owners paid a record 2 741 853 98 in taxes as Collector Leo Erdel filed the monthly settlement. November and October totals were 429 154 03 and 361 948 42. Schools received 1 964 608 13 of December payments. 1 384 029 38 went to school treasurers. Rest of railroad and utility taxes allocated to county treasurer Hattie Wood. Home birth Chad Alan Deihl to Ron and wife at Boone County Hospital.
The AP report notes 1971 ended with sluggish growth but a strong fourth quarter at 6.1 percent. December living costs rose 0.4 percent, CPI at 123.1 relative to 1967. GNP for Q4 climbed 6.1 percent, inflation 1.5 percent for the quarter, full year inflation 4.6 percent. Unemployment at 6.1 percent.
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