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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Aug 03, 1973
Page
5
Ottawa plans a 4.28 mill increase for the 1974 budget raising the total levy to 34.21 mills from 29.93 while tangible valuation climbs to 18.1 million dollars. Expenditures total 5.49 million, up 918 thousand, with debt down to 4.07 million. A public hearing is set for 5 p.m. August 15 at the city commission meeting.
President Nixon outlines wide ranging reforms to end interest rate ceilings on savings and deposits above 45 percent over four years, adds tax credits to spur mortgage lending, allows savings and loan associations to offer checking and NOW accounts, with NOW enabling negotiated rates on checking deposits.
Cloar to partly cloudy tonight through Saturday with lows in the low to mid 40s and highs in the mid to upper 60s. Winds southerly 5 to 15 mph. Also notes Thursday high 83 and today’s low 57 with prior year highs 74 and lows 67. Record high 110 in 1918 and record low 52 in 1907.
Skylab 2 astronautsBean Garriott and Lousma continue a 59 day mission while Cape Kennedy crews ready a rescue rocket for a potential emergency flight. Officials say no panic, but a rescue capability must be kept in case the crippled Apollo ferry loses steering. The crew resumes experiments and faces postponement of a space walk as planning for undocking procedures continues.
A San Francisco federal judge will rule soon on Pacific Meat Jobbers Association's bid to halt the Cost of Living Council beef price ceiling. The suit argues the Phase 4 ceiling discriminates against beef slaughterers and wholesalers. Plant shutdowns were announced in Pennsylvania, California, Texas, and Nebraska as industry costs rise and cattle slaughter declines.
Washington AP The House approved the 789 mile Alaska oil pipeline by a 356 to 60 vote after nearly 10 hours of debate over spill risks. Backers warn differences with the Senate remain, while environmentalists failed to derail or delay the project. The $3.5 billion line would run from Prudhoe Bay to Valdez with operation planned for 1978 subject to final passage and conference talks.
Ottawa city commissioners schedule a special meeting at 10 a.m. Monday in City Hall to consider an emergency ordinance to authorize no fund warrants for a $100,000 Main Street repair. Mayor Pro Tem Ben Park notes the session will discuss applying to the State Board of Tax Appeals for the funds. The Wednesday consented to a state overlay contract, with $35,000 from the state and the remainder by the city.
CIA official testifies Nixon was warned within weeks of the Watergate raid that problems existed with the White House staff. Walters said Gray told Nixon to remove involved people, Nixon approved the investigation, while Walters resisted White House pressure to shield staff figures. He cited Haldeman Ehrlichman and Dean as contacts, with Dean proposing CIA money to aid burglars, which Walters refused.
The nation faces a toilet shortage blamed on a housing boom and a two month strike at American Standard. Contractors report delays delaying occupancy in Chicago's Standard Oil Building, while Kohler and other manufacturers expand capacity to meet demand. Homebuilders say toilets are currently unavailable.
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