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Odessa American in Odessa, Texas

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jun 27, 1958

Page

1

Odessa Banks Report Deposits Over 51 Million

Three Odessa banks reported deposits totaling 51 069 772 27 at June 23 close. Loans and discounts stood at 23 539 196 36. Figures released in response to calls from the comptroller of currency in Washington and the Texas Banking Commission in Austin.

Essa Comptroller of Currency Washington Texas Banking Commission Austin First National Bank First State iBank American Bank of Commerce First National First State American First

Rebels Claim Worst To Come For Lebanon

Rebels warn they have not yet launched a major offensive in Lebanon and will not issue warnings. Rashid Karam and Maan Karami say a new assault could begin without notice as clashes erupt in Tripoli. U.N. observers expect a small international role, while the U.S. warns citizens to stay indoors on a holiday. Meanwhile, bank data from Marshall Falls area notes deposits and loans across three banks on several dates. A separate report records Martin Yardin Jr. drowning at Marble Falls Lake.

Beirut Lebanon Camille Chamoun Rashid Karam Chamoun Maan Karami Tripoli U.S Mecca Aid el Adha U.N Dag Hammarskjold New York Security Council U A Syria Sami Solh Pammarskjold ULN Hammarskjold

Tax Slash Bill Sent To Ike Narrows Auto and Excise Costs

The measure extends for another year the Korean War era corporate tax increase and other excises on autos, car accessories, liquor and cigarettes to avert a $2.115 billion revenue drop by July 1. The House finished action on the tax package amid grumbling over not cutting other excises, especially the 10 percent federal levy on rail, bus and air tickets.

House Congress

Senate and House Pass Compromise Tax Reform Bill

The Senate quickly approved and the House sent to the President a compromise bill repealing half a billion dollars a year in tax, including freight transportation excises. The measure preserves current rates to avert a 1 billion dollar budget deficit, extends existing taxes, and delays freight excise repeal until August 1 on bills paid after that date.

Washington Senate House Eisenhower Treasury

Foreign Aid Cut By Millions Faces House Action

Washington AP reports the House Appropriations Committee cut 757 million dollars from Eisenhower's foreign aid request for fiscal 1959. The panel approved a compromise authorization raising the total by 48244 million dollars above the budget, trimming the request by 27414 million. The plan leaves new money of 3193092500, with total obligational authority of 4142000000 including carryovers.

Washington House Appropriations Committee Eisenhower House Otto E. ‘Passman D-La Passman Itolé Free World Spain Greece Iran Turkey Pakistan Cambodia South Korea Laos Philippines Formosa Thailand Viet Nam Development Loan Fund

Funnel clouds spook Gulf coast near Corpus Christi

A funnel cloud sighted southeast of Corpus Christi Naval Air Station and another near Nueces Bay marked a spate of funnel activity within 24 hours. Cooler fronts and warm Gulf air fueled storms. one funnel touched ground southwest of Corpus Christi but caused no damage. Light rains reported locally. Temperature reached 96 degrees, tying a June 26 record.

Corpus Christi Corpus Christi Naval Air Station Gulf of Mexico Gulf Nueces Bay Corpus ‘Christi Tafta

Jet straittankers crash on takeoff at Westover

A three million dollar Aeroline air force strait-tanker crashed on takeoff at Westover Air Force Base Mass early today killing 15 aboard including six newsmen. Alpha and Bravo completed transatlantic legs in record times while Cocoa crashed and Delta did not take off. The crash sparked a fire in a cornfield injuring no survivors. among the dead were Norman Montellier Gary Phillips Robert Sibley James McKeel Gen A Robert Ginsburgh and Sam Kuczun.

Westover Air Force Base Mass APS Atlantic United States Cocoa Delta Alpha Bravo Royal Air Force Air Force Farmer Kazimierz Machowski Norman J. Montellier New York Unitedy Nations United Press Gary Phillips Springfield High Point Robert Ginsburgh US. News &, McKeel Insurance World Report James L. Me Odessa Canavedy Jr Pst Washington Bureau North Carolina Connecticut Daniel J. Coughlin Jr Civic Boston Cchurch Associated Press Glen A Cor- William Bethesda U.S. News & World Report Sam Kuczun United Press International

Odessan Wins Presidency of National ABC

Duffy McKeel a 41 year old Odessa businessman was elected national president of the American Business Clubs at the organization's Tulsa Oklahoma convention. He was chosen at the china business session Thursday afternoon and honored at a presidential hall Thursday night.

Duffy McKeel Odessa American Business Clubs Tulsa Okla McKeel

Adams Faces New Charges Tethered to House Plot

Washington report outlines allegations linking Adams to gifts including a house and checks from Bernard Goldfine. The White House denied coordinated falsehoods while lawmakers press for testimony. Eisenhower aides refused to confirm new charges, as Fox’s testimony prompts further questioning of Adams and Goldfine.

Washington John Fox Geldfine Adams Leday Bernard Geldfine Ae Ee Post Am Adams Parenei House O'Hara Minnes Egori X House Republican Galdfine Cally Sherman Adams Fter Fox Goldfine White House Foxton Eiser Hagerty Fox Eisenhower Niy House James C Adtead Hagery Fox House Eisenhow Tee Oren Harris D-Ark Hagerty Mil Hionaire Boston Harris Joseph P. Kennedy Boston Boston Post Textile Mills New Charger Sharman Adams Bernard Goldfine United Press International

Also Mentioned on This Page

Marble Falls Martin Yardin Jr Burnet Tex Marble Falls Lake Ike Tae Ae Amarillo Seago Denver el Paso Galveston Fort Worth Oklahoma City Antonio Eras Fear Eriare Aero Arn Ren National Aeronautics George M. Brautsas Brattleboro Joe C. Sweet Chandler Ariz James E. Shipman Kansas City Kan Donald KH. Gabbard Lasgatos Calif Odessan National ABC Massachusetts Turnpike Western Massachusetts Electric Co Donald W. Saunders Athens George M. Broussas J Stratensc Air Command Westover New York City Pan American World Airways Car’ Pee Falls National Publicity Committee First Methodist Church Chamber of Commerce Community Chest Em Iloves Curamunty Chest Fund Ector County Crippled Chi’men'’s Masonic Lodge Alks Enpies Moose American Legion Veterans of Foreign Wars Mildred Karen Mark Drb4 Maple Cressueceesese Goren
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