Brakes Applied To Business Recovery
The Federal Reserve Board aims to curb a possible inflation boom after the 1953 recession and keep the recovery on track. It tightens money supply with the discount rate and securities operations while trying not to choke lending. Higher rates are emerging as funds grow scarcer, affecting small businesses first.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
FRB
U. S
U. S. Treasury
Treasury
Wall Street
Main Street
Oxford votes to keep Latin as entrance requirement
At Oxford University a 301 to 282 vote kept Latin compulsory for entry, reversing a prior decision to deem it optional. Helen Gardner of St Hilda’s argued Latin’s decline harms English writing, and the faculty will review entrance rules next year.
MENTIONED IN THIS ARTICLE
Oxford
England
Oxford University
St. Hilda’s College
Helen Gardner
Ottawa-Warner Loses Judgment of $227,000
Alvin Heidebrink a 29 year old Holland Minnesota construction worker won a 227000 verdict against Ottawa Warner Corp Kansas City maker of power driven posthole diggers for injuries from a worm gear break when moving a digger on an Air Force project near Chandler Minnesota. He suffered skull damage and brain injury and remains wheelchair bound after 15 months in hospital. His attorney said the gear should have been screen protected while the company argued operator negligence.
MENTIONED IN THIS ARTICLE
Kansas City
Alvin Heidebrink
Holland
Minn
Ottawa- Warner Corp
Heidebrink
Air Force
Chandler
Ottawa-Warner
Scrivner Defends Surplus Sales
Kansas City report says former congressman and now defense official Scrivner argues surplus and obsolete military gear should be discarded rapidly as a normal government practice. He notes disposal costs about 100 million yearly and cites Eisenhower aims for integrated security across services.
MENTIONED IN THIS ARTICLE
Kansas City
Kas
Errett P. Scrivner
Kansas
Scrivner
Secretary of Defense
House Military Appropriations Committee
Eisenhower
Hutchinson Police Chief Back On Job
Hutchinson Kansas AP reports Police Chief Carl L. Spriggs was reinstated after a hearing over allegations he used a city car to hunt ducks. City Manager J D Baughman suspended him without pay after charge by Commissioner Harold Britton. Britton's side offered no evidence, calling it a personal matter. Spriggs will receive back pay.
Governor Earl Long Committed for 90 Days in Galveston
In Galveston Texas a probate judge committed Louisiana Governor Earl K Long to a mental hospital for observation and treatment for 90 days at his wife Mrs Long’s request. Dr Titus Harris and others testified he is mentally ill and may injure himself or others. He arrived after a tantrum in the Louisiana Legislature. A hearing within 14 days will determine further hospitalization.
MENTIONED IN THIS ARTICLE
Galveston
Tex
Earl K. Long
Louisiana
Titus Harris
John Sealy Hospital
Long
Texas
Gibson
Leslie
John B. Truslow
Gov
Price
Louisiana Legislature Nears End Amid Long Administration Clash
In Louisiana the Long administration confronts a maze of legislative hurdles as the session closes, following a period of record spending and mounting political confusion. Key votes loom on budgets, reforms, and party dynamics as lawmakers press for decisive action.
MENTIONED IN THIS ARTICLE
Louisiana
Strike Increases Postal Business in Kansas City
AP reports a four week old strike by Merchants Delivery Assn. drivers boosts Kansas City post office work. Acting postmaster Jeffrey Hilleson says five to six extra trucks run parcel post routes as merchants mail more small packages. Merchants Delivery Assn. says no negotiations are underway with Teamsters Local 955 drivers.
MENTIONED IN THIS ARTICLE
Kansas City
Merchants Delivery Assn
Jeffrey Hilleson
Hilleson
Delivery Association
Teamsters Union Local 955
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