U.S. Gold Loss Tops 1960 Total In 1965
The United States reports a $1.664 billion gold loss in 1965, the largest since 1960, including a $259 million IMF payment tied to quota increases. The IMF borrowing rights rose by the same $259 million.
31 Jan 1966
Page 1
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Newspaper
Norwalk Reflector
Location
Norwalk, Ohio, United States of America
Date
Jan 31, 1966
Page
1
The United States reports a $1.664 billion gold loss in 1965, the largest since 1960, including a $259 million IMF payment tied to quota increases. The IMF borrowing rights rose by the same $259 million.
The funeral will honor Michael J. Quill an Irish immigrant turned Transport Workers Union president who died Friday two weeks after calling a major transit strike. He will be buried Tuesday at Gate of Heaven Cemetery in New York.
Mostly cloudy and very cold with wind and snow flurries and a high near 10. Tonight stays cold with a low around zero. Tuesday remains cloudy and not as cold with more snow possible. Sunrise 7 40 a m Sunset 5 42 p m. Births Mr and Mrs Dale Braden 21 Rule son and Mr and Mrs Kenneth Goble 23 Willard Ave. Deaths Irving S Stocking 77 New London Claude A Norton 81 Elyria Alma C Camp 62 Wellington Minnie E Roman 05 Wellington Ida T Petzoldt 85 37 Reed St.
President Johnson urged an immediate United Nations Security Council session to seek a peace conference amid resumption of U S bombing of North Vietnam after a pause last Christmas Eve. He cited continued Communist aggression and said talks with Hanoi were not feasible.
A Norwalk father plans to file charges with the State Liquor Department if he identifies the liquor seller behind a bottle that left his 16-year-old son and another 16-year-old intoxicated Saturday. Police described the group as driving home ill and drinking in a car, with gin or vodka suspected.
A Cleveland conference backed a Monroeville high school curriculum plan funded by a 4500 grant. George Linn Jr said final decisions wait on community input and a written proposal to secure further funding. The plan aims to boost college prep with intensive English Math in freshman year and science social studies in sophomore year.
City Auditor Charles J. Hipp disclosed that city funded improvements began as early as 1958 but assessments to property owners were not billed until six years later. The issue surfaced during interviews ahead of a meeting with Mayor Harold Finch and other city officials to discuss financial procedures.
Snow flurries and subfreezing temperatures paralyzed roads and closed schools in New London Western Reserve and South Central districts. Willard schools stayed open though buses faced travel difficulties. Weather observer Ray Whitbeck logged minus one and 12 degree highs with slush and windshields freezing, causing road crews to work through the night.
Donors arrived as scheduled for the Red Cross bloodmobile at the Eagles Club in Norwalk. Mrs. Christine Needham reported six cancellations but overall progress was good despite weather. The quota was 125 pints with 180 appointments and 50 walk-ins. the blood bank stays open until 5 30 p.m. The vehicle was late but set up and doors opened at 11 30.
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