Fed Raises Interest Rates to Cool Booming Economy
Editorial notes the Federal Reserve Board raised the money price by increasing the borrowing rate for banks and higher time-deposit rates. The move aims to slow inflation and stabilize the U.S. dollar, with immediate effects on loan costs and a shift of savers from stocks to deposits. Debate surrounds whether the action was proper, though it was anticipated by some.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Federal Reserve System
U.S
President Johnson pressures Fed as rates rise and markets react
The article describes President Johnson opposing higher interest rates and urging the Fed to reverse its decision. He criticized the board after its action and even met the Fed chair at his Texas ranch. Steel and aluminum price increases were rescinded after his threats to dump stockpiles, raising questions about presidential influence on the economy.
MENTIONED IN THIS ARTICLE
Johnson
Federal Reserve Board
Texas
Taxing New York Cigarettes Sparks Evasion and Declining Sales
A columnist argues New York state and city cigarette taxes create diminishing returns as higher levies spur bootlegging and reduced retail sales. Using a 14 cent total tax example, the piece notes only about 70 percent of sales are taxed, revenue falls with evasion, and cites a Breton village tax anecdote about front doors to illustrate tax avoidance.
MENTIONED IN THIS ARTICLE
New York State
New York City
France
What causes colic explained by Dr Molner
A reader asks about colic and its causes. Dr Molner discusses infant and adult colic, symptoms, and misattribution. He notes colic is common in first-born babies, rare in hospitals, and often reflects distress rather than pain.
MENTIONED IN THIS ARTICLE
Dr. Molner
G.G
Poe
O.Z.L
Honeymoon Over Back To Reality
A light humor piece contrasts idealized newlywed bliss with the steady grind of married life. The essay reflects on shared routines, in-law visits, chores, and the shift from fantasy to daily responsibility as couples settle into reality.
MENTIONED IN THIS ARTICLE
Mom
Pop
Mama
Dad
Television Log Prompts Mixed Daytime Schedule
A dense list of TV and radio program times outlines a full day with shows from Woody Woodpecker to Perry Mason and Captain Kangaroo. It notes multiple CBS broadcasts, soap operas, westerns, game shows, news, weather, and late-night movies across many stations and editors.
MENTIONED IN THIS ARTICLE
Woody Woodpecker
Bat Masterson
Casper
Wells Fargo
FBI
Ottawa Herald Subscriber Rates and Ownership Note
Ottawa Herald lists address and editor publisher Robert B Wellington. It details subscription prices for trade area and outside, with monthly quarterly six month and yearly rates, under copyright 1965 and notes AP rights and exclusive local news use.
MENTIONED IN THIS ARTICLE
S. Cedar
Ottawa
Kansas
Robert B. Wellington
Ottawa Herald, Inc
Associated Press
Also Mentioned on This Page
Editorial
Money Matters
Steel and Aluminum Industries
Europe
New York
Joseph G
Molner
John A. Dennis
Whistling Boy
Bay Meadows
San Francisco
Allison Chandler
Herald
Elton Carter
Earle S. Bigler
National Guard
Roy Stoffer
The
Crystal Theater
Fairland, Oklo
Fourth Street
Earth
Christ
Hanoi
Washiagton
NBC
CBS
ABC
Ameri Ica
Ken
Torey Times
Captain Kangaroo
General Hospital
I Love Lucy
News
Jack LaLanne
Concentration
McCoys
Andy Griffith
Morning Star
Young Set
Dick van Dyke
Paradise Bay
Love of Life
Jeopardy
Donna Reed
Guiding Light
Whizzo
Mike Douglas
Superman
Walls of Folsom Prison
Peter Potamus
Huckleberry Hound
Jungle Jon
Three Stooges
Rocky and Friends
Bullwinkle
Weather
Ozzie and Harriet
Virginian
Patty Duke
Beverly Hillbillies
Gidget
Big Valley
Danny Thomas
Green Acres
Danny Kaye
Burning Hills
Johnny Carson
Tex Winter
Bob Hope
Riverboat
Folsom Prison
Faith For Our Times
Ottawa Herald
Coronado
Srey the Friendly Store
Plaza Theater
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