Federal Reserve Critics Clash Over Goals and Roles
AP analysis notes the Fed has guarded independence for 57 years while critics like Rep. Wright Patman question whether monetary policy should pursue broader social aims. They argue the central bank’s focus on stability may drain mortgage funds and hinder urban renewal and local governments.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Federal Reserve System
FRS
Wright Patman
House Committee On Banking and Currency
Today in History highlights 19th and 20th century events
The feature for January 28, 1971 notes key dates including the 1878 first commercial telephone switchboard in New Haven, Henry VIII's death in 1547, Wilson creating the U S Coast Guard in 1915, and other milestones. It also cites a MIT staff report by Patman on central banks promoting social programs and economic planning.
MENTIONED IN THIS ARTICLE
Associated Press
New Haven
Conn
Henry VIII
England
Woodrow Wilson
U.S. Coast Guard
Louis D. Brandeis
U.S. Supreme Court
Burma Road
Joseph Kasavubu
United Nations
Patrice Lumumba
Plymouth
Paramount
Boston
Nixon
House of Representatives
Barstow Teen Makes UT Arlington Dean's List
Don King a Barstow senior at the University of Texas at Arlington earned Dean's List honors for last semester. He is the son of Mr and Mrs Otis King of Barstow and the couple reside in Dallas. Visitors to Mr and Mrs Walter Burkholder included their daughter Bessie Lu Steenman her son Daryl and Lena Steenman of San Antonio. Relatives have finally heard.
MENTIONED IN THIS ARTICLE
Don King
University of Texas At Arlington
Otis King
Barstow
Dallas
Walter Burkholder
Bessie Lu
Larry Steenman
Daryl
Lena Steenman
San Antonio
Historical Quiz Bits and Local Birthday Notices
Quick quiz items discuss Cohan receiving a Congressional Gold Medal from President Roosevelt in 1940 and the Red Crescent in Muslim countries. The rest records Barstow Texas area birthday celebrations, rhe new well, 4 H Club moves, and local social notes with names, dates, and places.
MENTIONED IN THIS ARTICLE
George M. Cohan
Cohan
Congress
Franklin Roosevelt
Mr. Cohan
White House
Reeves County Courthouse Records Transfers of North Pecos parcels
Listing of land conveyances from Reeves County Courthouse including Cecil Cothrun to Continental North Pecos portions Lots 1-3 19-22 Blk 32 23 etc Reyes Fuentes to Continental North Pecos Lots 24-27 Blk 16 Lee Davis Abram Navarette Curtis Hagler Jeronimo Lara to Continental etc James Lea Goodman to Getty Oil and others with rentals and sizes ranging from 5 years to 10 years and rental amounts stated across multiple North Pecos blocks and sections.
MENTIONED IN THIS ARTICLE
Cecil Cothrun
Continental
North Pecos
Reyes R. Fuentes
Lee Davis
Abram Navarette
North
Getty Oil
State of Tex
Superior Oil
Pecos River
Lillian
Winkler
Chalfant Et al
R.R. Robison
Myrtle Bridwell
Thomas R. Metcalfe
Bessie M. Hughes
Continental Oil
Catalina
Juan Espinosa
E. L. Bechtel
Nieves G. Uribe
Jose R. Granado
Bankhead
Also Mentioned on This Page
Shurfresh-Guarters
Ghar
Vienna
Drug Dept
Alka-Seltzer
Giberia
Bartlett
Shurfresh
Cleanser
Sku
Carne Molida
Carne Adovada
Bacon
U.S
FEE
Asado
Chuck Roast
Florida
Apularee Gees
Decos
Texas
Business Mirror
Patman
Massachusetts Institute of Technology
FRI
Lester Thurow
Devil's Mountain
Berlin
By Gill Fox
J.H. Freeland
Timothy Hanson
Carolinas
Thomas
Jesus
PFC
Geronimo M. Hignojos
Nha Trang
Apo San Francisco
Califoria
Tommy Diehl
First Presbyterian Church
Bruce Ryan
Paul Allen
Charles Dyer
Kathryn Freeland
Troy Lynn Wolf
Clay McCloud
David Aldridge
Ronnie Ryan
Dallas Cowboys
Robert Pena
Lindy Smith
Tony
Lee Ryan
Steven Tony
Mike Goode
Danny Barnett
Robert Stepp
Fred
Steven Abila
Danny Juarez
Beeny Villalobos
Alex
Danny Garcia
Dennis M. Woody
Pecos
McMahon
Dennis Milton
Woody
Ronnie Ryans
Tony Max
Lee and
Bruce
Dean Woodard
Odessa
el Paso
Dean
Patricia Ryan
Wayne Dinwiddie
M. A. Allen
Canasta Club
Roy Williams
Belle Brown
Bill Allgood
Reeves County