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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
May 14, 1963
Page
9
The interviewer and banker discuss Fed rules on stock collateral and loans to buy more stock. Doyle notes penalties exist on the books but enforcement is rare and no bank has faced severe penalties. He explains 50 percent loan-to-value for listed stock and stricter limits for unlisted stock, plus bucketing and settlement timing concerns.
A dull-eyed man in a Budapest court pleaded guilty to treason against Communist Hungary in February 1949. Josef Mindszenty, who had resisted Nazis and Communists, faced an opaque method of coercion claimed by the regime. Sentenced to life imprisonment, he largely vanished from outside view except for brief 1956 revolt moments.
The State Department signaled a shift in policy toward Hungary after the 1956 Budapest uprising. It said it would not oppose accreditation for the Hungarian delegation to the United Nations this year while keeping leverage to oppose membership if Congress objects. Cardinal Mindszenty’s case and Vatican moves are noted as possible parts of broader Soviet Vatican negotiations and potential co existence experiments amid releases of prisoners and shifts under Janos Kadar.
Springfield, Ill. relief funds near approval as GOP led legislature expected to pass a bill to resume relief checks. Secretary of State Charles Carpentier and leaders said an agreement with Gov Otto Kerner to sign with two year relief limits ends the stalemate.
Awards totaling 4200 dollars will honor School of Architecture students at Arizona State University on May 16. Lewis J. Ruskin will preside at the ceremony with an exhibition opening at 6 p.m. and a banquet at 8 p.m. Speaker William W. Caudill will discuss Architecture and People.
Venezuela recalls its envoy to Port au Prince and contemplates breaking diplomatic relations with Francois Duvalier as his term nears end. The action follows Duvalier’s bid to stay in office after his legal term concludes, triggering regional tension and uncertainty about future leadership in Haiti.
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