Money makes news in first half of 1960
Editor notes money and credit dominated headlines in early 1960 as markets, borrowing costs, and policy debates shaped business activity. Midyear shows a tentative truce with tighter conditions than easy money, while forecasts for the second half call for modest credit gains but persistent high long term rates and inflation risks.
MENTIONED IN THIS ARTICLE
Sam Dawson
Federal Reserve Board
Kennedy Backers See Johnson Weak Edge Before Convention
Editors note by Jack Bell on backstage infighting as the Democratic National Convention nears. Kennedy supporters say Johnson cannot win in November and push for Truman to side with Johnson, while Johnson backers question Kennedy's ability to carry key states and handle world affairs. Conflicts center on age and experience as the race tightens.
MENTIONED IN THIS ARTICLE
Jack Bell
Associated Press
John F. Kennedy
D-Mass
Senate
Lyndon B. Johnson
Texas
Missouri
Ward
New York
California
T. Johnson
Kennedy
Johnson
Nikita Khrushchev
Massachusetts
Nominaton
New healing substance shown to shrink hemorrhoids
New York report notes a single discovery claims to shrink hemorrhoids, stop itching, and relieve pain without surgery. In numerous cases, gentle relief was followed by actual shrinking of the hemorrhoids, with results described as thorough and promising for sufferers seeking nonoperative relief.
MENTIONED IN THIS ARTICLE
New York, N. Y
Plans Lavish Housewarming for Paull Getty in London
Paull Getty invites 1,200 guests to Sutton Place for a June 30 housewarming. Workmen install underwater pool lighting and illuminated fountains. The library ceilings are reinforced for dancing, with four champagne bars and a milk bar. Guests travel from Rome to Paris. the guest list includes dukes and many wealthy figures. Estimated cost at least $28,000, partly funded by Capt. Ian Constable-Maxwell.
MENTIONED IN THIS ARTICLE
London
Paull Getty
Sutton Place
Rome
Madrid
Lausanne
New York
Los Angeles
San Francisco
Paris
Robina Lund
Getty
Ian Constable-Maxwell
Truman Loyalists Aim to Back Symington in War-Time Calculations
The piece notes Truman’s lingering support for Stuart Symington as his current preferred candidate while Johnson backers press that Truman’s use of the word now signals he could shift. It highlights party insiders’ view that Truman’s clout matters if a decisive tie goes to a touch-and-go scenario, and mentions potential back-room maneuvering with House Speaker Sam Rayburn, who backs Johnson.
MENTIONED IN THIS ARTICLE
Stuart Symington
Truman
Sam Raybin
D-Tex
Johnson
Debutante Jean Nette's Ball In Ottawa Report
The Ottawa Herald notes debutante Jean Nette’s coming out at a ball on Wednesday, June 22, 1960. Daily Express columnist William Hickey protested the guest list, which included German industrialist Alfried Krupp, who served four years in an allied prison for using slave labor in World War II. Krupp reportedly declined the invitation.
MENTIONED IN THIS ARTICLE
Jean
Ottawa, Herald 5Nette
Daily Express
Willeliam Hickey
Alfried Krupp
Constable Maxwell
Krupp
Production and Maintenance Workers at Wichita Aircraft Plants
Production and maintenance workers in Wichita are employed across three aircraft plants, supporting the area’s aerospace output. The employment spread reflects specialized roles in assembly, testing, and upkeep, with labor demands tied to defense contracts and commercial aviation needs.
MENTIONED IN THIS ARTICLE
Wichita
Labor Leader Seeks Seat in Sedgwick County 68th
Wichita AP William Holly, president of the Kansas Federation of Labor, filed Monday for the Democratic nomination for state representative in Sedgwick County's 68th district. Republican Robert A. Coldsnow, of Wichita, also filed, with Derby Democrat Jerry L. Griffith having filed previously. Holly is district representative for the International Association of Machinists, the bargaining union for pro-
MENTIONED IN THIS ARTICLE
Wichita
William
Holly
Kansas Federation of Labor
Sedgwick County
Robert A. Coldsnow
Jerry L. Griffith
Derby
International Assn. of Machinists
Also Mentioned on This Page
AP Business News
Washington
U. S. Treasury
Congress
Ivan W. Jones
Haven
Kaw
By Jack Bell
Symington
Harry S. Truman
Eleanor Roosevelt
Adlai E. Stevenson
D-Mo
Ottawa
Ottawa Warner Corp
King Street
U. K
House
Willow St
Kans
Fred B. Thielen
Norge
Electrolux
Mr. and
Mrs
Auds
Ben Printy
Jean Printy
Homer Miller
A * Oa Coop Association
Ottawa, Kansas