Promoters face court as auto venture collapses in Dallas
Twentieth Century Motor Car Corp moved from California to Dallas promising to build a three wheel Revette car. Court-appointed receiver takes control as sheriff deputies with arrest warrants target company officials led by president Elizabeth Carmichael. Warnings cited conspiracy to steal via stock sales and false claims about the car’s capabilities. Bonds set at 25 thousand dollars.
MENTIONED IN THIS ARTICLE
Dallas
California
Texas City
Elizabeth Carmichael
Twentieth Century Motor Car Corp
Specialized Crime Division
Texas
Carmichael
Hair cutting fight sparks injury and new material claims
Hair pulling may result from a hair cutting fight. New plastic material could withstand crashes at speeds up to 30 mph. Sheriff deputies could not locate Mrs. Carmichael or other staff of the corporation. Dallas lawyer W R Session appointed receiver. company offices staffed by personnel. California Atty Gen Younger seeks injunction to halt securities sales and mis representations. John Michael Power testifies the prototype car is cannibalized with no original parts. two cylinder air cooled engine used for portable generators and a small foreign car steering wheel.
MENTIONED IN THIS ARTICLE
Sheriff's
Mrs. Carmichael
Corporation
New Texas
Dallas
W.R. Session
John Michael Power
Congress splits Ford energy plan amid tariff clash
Washington AP reports Republicans join Democrats in dissecting Ford economy program as Congress moves to repeal the oil import tariff. Senate Finance Chair Long vows action on repeal while House panel weighs an anti recession tax cut. House votes to block the tariff hike, 267 to 114, before Lincoln Day recess.
MENTIONED IN THIS ARTICLE
Washington
Ford
Congress
Russell B. Long
D-La
Senate Finance Committee
Senate
al Ullman
House
Ways and Means Committee
United States
Olin Teague
D-Tex
Edward Kennedy
D-Mass
Congressional Office of Technology Assessment
Teague
House Science and Technology Committee
Office of Technology Assessment
Slumping car market lays off thousands of salaried workers
The nations auto firms slashed salaried staff amid a sales slump. About 26,000 salaried employees were laid off in the past year, with 14,000 more cuts from cost reductions. Chrysler led with half its 39,000 salaried workers furloughed. GM trimmed 13,500 and Ford reduced 6,000 salaried positions. American Motors confirmed ongoing layoffs since last November as the industry faced its worst downturn since WWII.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Chrysler Corp
Chrysler
General Motors
Ford Motor Co
American Motors
Rising unemployment boosts state job openings nationwide
An Associated Press survey shows state offices hiring extra workers to handle heavier workloads from new public service job programs as unemployment rises. Officials cite expanded staff to manage higher demand for benefits.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
Raymond Hope
Colorado
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