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Newspaper
Norwalk Reflector
Location
Norwalk, Ohio, United States of America
Date
Oct 09, 1974
Page
1
President Ford urged Americans to enlist in the WIN program to fight inflation and conserve energy by sending a coupon pledge to the White House. He wore a WIN button during his congressional address Tuesday night and asked for cooperation nationwide.
President Ford unveiled a broad set of anti inflation measures including a one year 5 percent surcharge on corporate and individual incomes for high earners, boosted investment tax credits, expanded deductions for dividends, and stricter energy and housing programs. He also called for a $300 billion spending ceiling, added unemployment benefits, and new antitrust penalties plus inflation impact statements.
Partly cloudy tonight with a low near 40 and sunny conditions Thursday reaching about 75. Minimal chance of precipitation. Winds southwest 5 to 10 mph. Temperatures midweek range from 57 to 30 with 8 am humidity at 96 percent, 2 pm 54 percent, 8 pm 66 percent. Marriage license issued for Jack L. Rinker and Jamie R. Sexton of Willard. Births report a boy in Monroeville to Mr. and Mrs. Ronald Hales. Deaths note Ruth M. Rex aged 74 of Willard.
Franklin National Bank in New York was declared insolvent and placed in receivership. FDIC guaranteed deposits and six European banks stepped in to bail out the institution and honor all deposits, with over 620000 depositors affected. The bank, once the 20th largest in the U.S., faced $38 million in FX losses and large operating deficits. Anesthesia
President Ford faces mixed reviews in Congress as a 5 percent surcharge proposal draws backlash from middle income voters while some leaders back a higher earners surtax. Key committees probe Treasury Secretary Simon on tax changes and mortgage funds for housing, with budget ceilings and farm views shaping the debate.
The Rev. David Finestead of Lake Lotawana Missouri uses a $1000 church offering as a live Parable of the Talents experiment. Congregants secretly take up to $20 and return on Nov 24 with spending and project results. Participants buy dog food, bake sales, lawn care and guitar lessons, with a chili supper by contributors.
John Glenn backs David Noble in Ohio 17th District race at a Norwalk Junior High School dinner. More than 250 tickets sold. Glenn arrives around 6:30 pm and will speak before departing for Columbus.
George Ryerson has resigned as secretary of the Huron County Fair Board. The resignation was submitted at a board meeting last Thursday. The secretary handles scheduling and management of the annual fair. Ryerson was appointed in 1970 and could not be reached for comment.
Raymond Stogner 25 of Norwalk has not been seen since Friday after a raft was found on the Huron River 10 miles north of Milan. His wallet keys and coat were aboard. The Erie County sheriff's office continues searching as no signs of violence are found. Stogner worked in the pathology department at Good Samaritan Hospital Sandusky and left work Friday to go fishing.
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