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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Aug 05, 1958
Page
2
In London a baby white mouse named Tiny hid inside a postage stamp vending machine while 9 year old Terry Payne waited for rejected coins to spill. Police and post office staff were closed for a holiday weekend, forcing Terry to wait until Monday for the trapped pet to be freed.
In Charlotte North Carolina officer Hagler noted a familiar sign carried by three men. County police arrested Gerald Herschel Smith 2 Beaver pay Robert Carl Crawford 21 Fanesville Ohio and Clyde Walter Juckson 46 Cariton Maine, all students at a heavy equipment operators school, for damage to property and theft of the No Parking sign from the county police lot.
A new billion dollar education bill to establish federal college scholarships and other school aid moved toward Senate floor. The Senate Labor Committee approved it 10 to 2 and sent to the Democratic policy committee for scheduling. House sponsors propose cutting scholarships from 25 000 to 10 000 and basing on need to align with President Eisenhower.
The Federal Reserve Board raised stock margin requirements to 70 percent effective today, restoring the level last in force April 1955. The move aims to curb excessive credit use amid a stock rally, not due to prices, with the change backdated to prior policy.
The House passed a bill to raise subsistence pay and boost federal aid to maritime academies. If enacted, payments would rise to about $500 a year per academy and total aid would reach an estimated $205,000 annually, with opposition from the Commerce Department citing cost concerns.
Baghdad news reports Brig. Gen. Abdul Karim Kassem in his first public statement as premier signals study of the Baghdad Pact and potential withdrawal. He stresses friendship with other states is paramount, says the pact was drawn up by a few, and notes UN membership already ensures security. He urges Jordan plebiscite, promises free elections after transition, and vows no interference with Nasser.
Unclear OCR text mentions Briand, ground cine Master, Post Office at Long Beach California. Details fragmented about daily supply and citations. No clear events, dates, or named organizations to confirm.
U N delegates press private talks on arranging a Security Council summit as they await word on Soviet Premier Khrushchev attendance. No preliminary meeting scheduled without Moscow’s reply, with speculation that acceptance or rejection could appear at the U N rather than in Moscow.
Wibert Woodcock 52, head of safety education at Cedar Falls Iowa State Teachers College, died Monday from a heart attack. He led the department and was a prominent local educator. Funeral arrangements were pending.
Washington UPI report says House and Senate conferees will meet Wednesday after a stalemate over extending President Eisenhower's tariff cutting authority for three or four years. The dispute centers on the duration of renewed power and the conference seeks a compromise.
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