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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 10, 1960
Page
6
Loew's Theaters Inc announces a 50 million dollar Americana West hotel on Manhattan west side just north of Times Square. The project will pair with Americana East and aim to rival the Waldorf Astoria’s height, with completion slated for 1962 while the East opens next year.
Mrs Francis Gary Powers was described as not surprised by Soviet claims that he had pleaded guilty to espionage. Virginia attorney Alex W. Parker assisted Powers’s defense in Moscow set for Aug. 17. Tass quoted Powers admitting to flying into Soviet airspace to collect intelligence. The State Department noted Powers was in exclusive custody for 101 days.
Lt. Gen. Gordon B. Rogers outlined a plan to reduce ground forces to heavy and medium divisions with foot soldiers riding in ground or air vehicles. The “Modern Mobile Army” era aimed for 1965 to 1970, with Gen. Lemmitzer to approve the revamp. Army leaders pressed for greater mobility including improved air transport and reconnaissance at the convention.
Actor John Carradine filed for bankruptcy listing debts of 23021 and assets of 2. Most debts are restaurant bills, many in New York. The declaration came in Los Angeles on Tuesday.
In Columbus, Howard A. Cummings of Ohio Rural Electric Co-operatives predicts farmer owned plants will double power transmission in the coming decade. He cites industry and suburban expansion driving co-operatives’ power growth at about seven percent annually, with 65 percent of Ohio land covered by 600 miles of transmission lines and 30,000 miles of distribution lines serving 128,000 homes.
The House of Rothschild founded in Frankfurt-on-the-Main established the first money lending network on an extensive scale with branches in London Paris Vienna and Naples.
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