Dollar value shrinking toward two bits warns of currency risk
Washington warned by Lyle C. Wilson that the dollar has been degraded in value over years and could fall toward two bits. Commerce estimates in spring put the dollar about 19 cents above that threshold. The piece notes a heated political dispute as the Kennedy administration's stance is reflected by Treasury Secretary Douglas Dillon.
MENTIONED IN THIS ARTICLE
Odessa
Lyle C. Wilson
Washington
United Press International
U. S
U. S. Department of Commerce
Nikita Khrushchev
United States
Politika
Treasury
Douglas Dilson
Dillon Signals Fiscal Policy Amid Inflation Debate
In a speech, Dillon endorses a federal deficit approach as beneficial for the state and national economies. He argues deficits are appropriate, with taxation as a tool to manage borrowing. He predicts a modest inflationary impact this year and next, calling for measured stimulus.
MENTIONED IN THIS ARTICLE
Julius ‘Ment
Klein
Dillon
Currency inflation and the fate of fixed incomes
The author discusses 1939 to 1961 dollar value decline, noting wholesale and retail purchasing power losses. Currency inflation is labeled a deadly tax harming the old and those on fixed incomes, with wage or price hikes failing to counter the trend and leaving pensioners stretched and vulnerable to catastrophe.
MENTIONED IN THIS ARTICLE
U. S
New York Mayor Defends Record In Long Speech
New York Mayor Robert Wagner and 23 city department heads defended the administration in a two hour TV appearance. Wagner touted improvements, acknowledged flaws, and pledged accountability while officials outlined school and building department actions amid calls for economy and reform.
MENTIONED IN THIS ARTICLE
New York
Robert F. Wagner
Wagner
Thepublic
Nelson A. Rockefeller
John J. Theobald
Peter J. Reidy
Rockefeller
GOP
Atty
Louis J. Lefkowitz
Dear Abby and readers offer household hints and remarks
Dear Abby answers letters on Hollywood films moral concerns weight loss marriage and dating. Advice covers not attending trashy movies and personal relationships with teens, mothers, and husbands. Readers seek guidance on divorce teasing fat shaming and romantic competition while Abby offers practical tips and a wedding pamphlet.
Litter Patrols Get Motorscooters In NYC Sanitation Effort
The New York Sanitation Department will equip patrolmen with two motorscooters to speed enforcement against litter. In Trenton, New Jersey, officials announce a weed-control experiment using a chemical that makes weeds grow rapidly and then die. Coronado, California, the U S Navy bans kite flying at Coronado Beach to keep skies clear for jets returning to North Island Naval Air Station, with a kite once appearing on radar.
MENTIONED IN THIS ARTICLE
New York
UPI
New York City
The
Sanitation Department
Trenton
N.J
State Conservation Department
Coronado
Calif
Domini Ru birosa to depart Europe after Trujillo funeral
New York UPI reports playboy diplomat Porfirio Rubirosa planned to leave for Europe following his attendance at the funeral of slain Dominican dictator Rafael Trujillo in Ciudad Trujillo.
MENTIONED IN THIS ARTICLE
New York
UPI
Porfirio Rubirosa
Europe
Rafael Trujillo
Ciudad Trujillo
Thunderstorms Batter Colorado Croplands and Plains
Thunderstorms battered Colorado croplands from Trinidad to Sterling, flooding homes and delaying wheat harvests in Oklahoma. Severe weather spread east toward Nebraska and New Mexico, with a tornado injuring a rancher near San Jon and large hail reported in New Mexico and Texas. Authorities evacuated 14 families in Stillwater, Oklahoma, as rains postponed harvests.
MENTIONED IN THIS ARTICLE
United Press International
Colorado
Oklahoma
Atlantic Ocean
Pacific Northwest
Upper
Great Lakes
New England
United States
Trinidad
Pueblo
Sterling
Rocky Mountain States
Nebraska
Kansas
New Mexico
San Jon
N. M
U. S. 66
Texas
Clovis
San Jos
Cottonwood
Snyder
Stillwater
Okla
Trujillo Exiles Reject Any Mexico-Government Ties
In Mexico City Domini can exiles stated they will not recognize a Mexican government that includes Trujillo family members or their close associates.
MENTIONED IN THIS ARTICLE
Poragis
Polaris
Potagins
Powarts
Trujillo
Mexico City
Mexico
Flash Floods Hit Oklahoma Towns Evacuate 12 Families
In Stillwater, a flash flood from over 6 inches of rain in two days forced the evacuation of about 12 to 15 families as muddy water up to four feet deep swirled in low parts of the city. Elk City also reported 5.32 inches of rain amid broader statewide totals exceeding one inch.
MENTIONED IN THIS ARTICLE
Stillwater
Okla
Oklahoma City
Elk City
Oklahoma
Also Mentioned on This Page
Firm Mome
North
Dave Googins
Abby
Holly ‘Wood
Hollywood
Doris
Big Wheel
Irving
Beverly Hills
Doe
Canada
Birmingham
Alabama
Southwestern Bell Telephone
Delby
By Galbraith
Mother Ie Shen
D! Scholls
Hora
West Texas
Esave Save
Western Mattress CO
Clements
San Angelo
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