Deposits Drop in Odessa Banks Tied to Bond Rates
Odessa banks reported 54.687 million in deposits on June 15, down from 60.502 million a year earlier. Officials blamed a shift to higher interest on short term notes when the government offered 5 percent, with public funds moving accounts until rates fell back to 2.5 percent. Bank by bank totals and loan figures are listed for the four banks. A March 1960 call showed 59.008 million in deposits, reflecting tax money movements in March.
MENTIONED IN THIS ARTICLE
Odessa
First National Bank
American Bank of Commerce
First’ State’ Bank
National Bank of Odessa
First State Bank
Cars Bank of Odessa
New National Bank of Odessa
Bank of
New Tax Bill Moves In Line With Eisenhower Aims
A new federal tax bill aims to align with President Eisenhower’s wishes by tightening business expense deductions and curbing certain credits. The measure would maintain the 4 percent cut on tax for dividends, impose a temporary national debt ceiling of 233 billion for next year, and extend the corporate tax rate for 12 months after June. Senate changes include elimination of dividend income credits and tightened mineral depletion allowances. Senator Clark proposed a business expenses amendment, targeting entertainment, gifts, and dues, while the House already approved major reforms. Dr. Robert L. Samwell warned at a South Carolina education conference that many college students fail due to underdeveloped reading skills.
MENTIONED IN THIS ARTICLE
Washington
UPI
Democratic Congress
Eisenhower
Revere
Senate
House
Ous
Clark
Axmate
Josep S. Clark
D-Pa
Columbia
S.C
Robert L. Samwall
University of South Carolina
Expenses Bill Due For Cool Reception
Washington AP reports a new Senate plan to publish overseas expense accounts of Congress members faces a dim House path after a rejected April proposal. The amendment, tied to a 129.7 million annual appropriation, would annually publish detailed expense counts in the Congressional Record. Senators Williams and Smith lead, with Hayden and Stennis backing broader disclosure.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
House
Johan J. WiHarag
R-Del i
Frank J. Lausche
Ohio
Williams
Richard B. Russell
No New Tours Planned To Hawaii By Eisenhower
Secretary of State Christian Herter told a Senate subcommittee that there would be no new good will trips to Hawaii or other destinations. He cited a shift back to traditional channels and admitted misjudgments over Japanese riots that led to canceling President Eisenhower’s visit. Heter described the decision as collective but accepted accountability when pressed by Senator Lyndon B. Johnson.
MENTIONED IN THIS ARTICLE
Washington
UPI
Heisenhower
Christian A. Serter
Conress
Eisenhower
Herter
Senate
Subcommittee
Lyndon B. Johnson
Texas
State Department
Eisenhoven
Johnson
Richard B. Russell
D- 1
Senate Armed Services Committee
J. William Fulbright
D-Ark
Foreign Relations Committee
Tokyo
Jap Leftists Stage Riots Against Pact
In Tokyo a mass rally of 30 000 to 40 000 union members and students aimed to block final passage of the Japan US mutual security pact. Leftists called for a 24 hour siege of strikes and mob action to oust Prime Minister Nobusuke Kishi. A nationwide seven hour rail strike was ordered by the giant Shiyo Labor Confederation and demonstrations included bus and taxi service stoppages and shop and school closings.
MENTIONED IN THIS ARTICLE
Tokyo
UPI
Nobusuke Kishi
Shiyo Labor Confederation
General Council of Trade Unions
Sohvo
House Rules Advances School Aid Bill Pact Talks
Washington AP The House Rules Committee moved toward a compromise on Eisenhower school construction aid. A conference between Senate and House negotiators may be allowed to work out a plan while avoiding a adjournment without any school bill. Despite differences, informal terms favor Senate style funding and a funds distribution formula, with Nixon urging action ahead of the GOP nomination.
MENTIONED IN THIS ARTICLE
Washington
House Rules Committee
Eisenhower
House Education Committee
Senate
House
Rules Committee
Congress
Howard W. Smith
E Va
Rules’ Committee
Graham A. Bar
Den
D-Nc
Barden
Sam Rayburn
Richard M. Nixon
Chemist Linus Pauling Faces Senate Probe Over Names
Washington AP Linus Pauling expressed fear over a Senate Internal Security subcommittee request that he identify fellow scientists who aided his campaign against nuclear weapons tests. He warned of possible subpoenas and harsh treatment, adding he would decide after a lunch recess with attorney A. L. Wiran.
MENTIONED IN THIS ARTICLE
Washington
Linus Pauling
Senate Internal Security Subcommittee
Nally
Pauling
A. L. Wiran
Los Angeles
Ike Snaps Back After Long Tour in Hawaii
President Eisenhower, greeted by more than 100000 Hawaiians, rests briefly then plays nine holes at Kaneohe Marine Corps Air Station after a taxing Far East tour. He enjoys warm welcomes, reflects on regional harmony, and thanks locals including the 442nd Nisei battalion as he relaxes during a Honolulu visit.
MENTIONED IN THIS ARTICLE
U. S
Eisenhower
William Quinn
Hawaii
Honolulu
Korea
Pacific
Philippines
China
Okinawa
Cours
Kaneohe Marine Corps Air Station
Washington
Aloha
Kaneohe
Orient
Japan
Tokyo
Haw
William F. Quinn
Quinn
Eista Tower
New Lake Plan OK'd To Ease West Texas Water Woes
State Board approval backs Colorado River Municipal Water District plan for a dam and lake in Mitchell County to serve Odessa Big Spring Snyder and others, with two year start after permit issuance. Hydrological studies warn of growing demand and potential depletion. local officials urge project as vital for future water security.
MENTIONED IN THIS ARTICLE
State Board of Wappers
Austin
Meridays
Colorado 2
Mitchel County
Colorado River Municipal Water District
Odessa
Big Spring
Snyder
Jake J. B. Thomas
Big Sp
Projet
Board of Water Engineers
P. C Harbour
W. E Brice
CRMWD
Ats
Charles Perry
W. B E. Roath
Perry
Burwood Manford
Dis
Trict
EV. Spence
State Board
Ruanels Couty Water Improvement District
Midland
Lamesa
Stanton
Colorado City
Eittes
Fort Worth
Freest, Nichols and Endress
Mitchell County
Frank Kelsey
West Texas
Also Mentioned on This Page
Abby
Goren
Ike
Thre
Ave Terminal
Paru
Grady
Shialleoan
Mita
Aber
Amarillo
New York
State
New Lake
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