Treasury seeks authority to flex savings bond rates
The Treasury asked Congress to allow flexible rates on Series E and H savings bonds and proposed raising the rate from 3 to 34 percent. If approved, new bonds sold after Feb 1 would use the higher rate, with shorter maturities and higher early redemption values to boost yields for investors. A sample shows a $100 bond bought at $75 could yield about 3.28 percent if held to maturity.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Confor
Senate
House
Congress
Pthe Sommeas
Johnson predicts Senate approves revised Ike Middle East plan
Senate majority leader Lyndon B. Johnson forecast approval of a Democratic revision to Eisenhower's Middle East resolution. The amended text would authorize use of armed forces if the President determines action is necessary to resist Communist aggression.
MENTIONED IN THIS ARTICLE
Lyndon B. Johnson
Dtex
Senate
Eisenhower
Middle East
Johnson
United States
Senate Foreign Relations and Armed Services Committees
Sen
Knowland
California
State Department
Florida
Winging Johnson
Thomasville
White House
James c. Hagerty
Goethe
Ger Win
de Weeting
House
Ernest Munist
Congress
U. S
Prayer services held for shot infant in Indiana
In Princeton Indiana two counties held noon prayers as doctors reported slight improvement in the condition of Julia Ann Russell four months old, struck in the head by a bullet while in her trailer. The infant remained paralyzed on her left side but could eat and stay under an oxygen tent.
MENTIONED IN THIS ARTICLE
Princeton
Ind
Evansville
Julia Ann Russell
Ronald Russell
Oakland City
Ministerial Alliance of
Gibson
Pike Counties
Potter & Brumfield Electrical
Illinois Senate panel backs ban on officials on floor
The Illinois Senate Rules Committee voted to bar elected state officials from the floor during regular sessions. The measure awaits full Senate approval. Chairman Sen. David Davis cited officials lobbying for bills as the reason for the recommendation.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Senate Rules Committee
Senate
David Davis
Bloomington
Davis
Rest Home Fire Kills 14 in Council Bluffs
A three story rest home in Council Bluffs Iowa burned killing 14 patients. Thirteen others were hospitalized and one more in critical condition. Police found Annie Orme about 75 near the scene, she escaped the fire wearing a light sweater. Fire officials searched debris for a cause as the licensed operator’s renewal was reportedly withheld after an earlier suspension.
MENTIONED IN THIS ARTICLE
Council Bluffs
Towa
Annie Orme
Stassen May Resign Post for Governors Race
The New York Times reports Harold E. Stassen will quit his White House disarmament post early next year to campaign for Pennsylvania governor. Friends say the former University of Pennsylvania alumnus will remain with Press United Nations for the rest of this year.
MENTIONED IN THIS ARTICLE
New York Times
Harold E. Stassen
White House
Pennsylvania
Washington Dispatch
Friends of Stassen
Press United Nations
Reform Proposal Would Put Auditor Under Legislature
Illinois welfare funding faces scrutiny as the Welfare Department requests 157.9 million for operations and 295.5 million for capital improvements in the upcoming two years. Commission members question revenue sources while lawmakers debate tax boosts linked to schools and welfare. Overcrowding and understaffing at mental hospitals could drive proposed expenditures. Secretary of State Carpentier seeks 27 million for two years, mainly for salaries.
MENTIONED IN THIS ARTICLE
Springfield
Illinois Welfare Ment
B Commission
Otto L. Bettag
Paul Powell
Vienna
Commission
Everett Peters
St. Joseph
Govara
Stratton
Charles F. Carpentier
Visas Issued Hit Record After World War II
The State Department reports 332,449 immigrant visas issued in the fiscal year ending last June, the highest since World War II. About 161,807 went to Mexico Canada and Cuba residents, with these three countries not subject to a quota.
MENTIONED IN THIS ARTICLE
Washington
State Department
Mexico
Canada
Cuba
Department
New Hope Seen In Dock Strike Progress
A federal mediator raised new hopes for a quick end to the 45 000 dockers strike from Portland Maine to Hampton Roads Virginia. Joseph F Finnegan said issues were clarified and proposals would be on the bargaining table. Union and management expressed optimism of a contract by Thursday.
MENTIONED IN THIS ARTICLE
Maine
Virginia
Joseph F. Finnegan
Alexander Chopin
The
New York Shipping Assn
Portland
Hampton Roads
Weather Outlook for Southern Illinois Clouds and Temperatures
Cloudy for Southern Illinois with mostly cloudy tonight and Friday. Warmer Friday with highs around 45 to 50 and lows in the 30s. Yesterday’s high 59, low 28, and today at 7 am will be 31. Little Grassy Lake spillway level at four inches above spillway today.
MENTIONED IN THIS ARTICLE
Illinois
Toway
Little Grassy Lake
No Thin Dimes Money Checkers Chief Reports
President Eivers disclosed that two United States mints produced no thin dimes in 1956. They found 216,655,100 dimes, 76,478,500 quarters, and 4,032,000 half dollars met the required thickness. Commission Chairman Charles A. Eaton Jr. of Newark announced the money was OK, with coins adhering to weight and nine parts silver to one part alloy.
MENTIONED IN THIS ARTICLE
Philadelphia
Eivers
United States
Commission
Charles A. Eaton Jr
Newark
N. J
O.K
Frances Hankey Rites Saturday in Marion
Funeral services for Frances Hankey 64 will be at 2 p m Saturday at Wilson Frick Funeral Home Marion Rev W A Travelstead officiating burial in Maplewood Cemetery Friends may call after 2 p m Friday Hankey Momene died at 440 am Wednesday in Kankakee State Hospital A former Marion resident she worked at Manteno State Hospital
MENTIONED IN THIS ARTICLE
Frances Hankey
Wilson-Frick
Marion
W. A. Travelstead
Maplewood Cemetery
Hankey
Momene
Kankakee Ital
Manteno State Hospital
Illinois FEPC Laws Sought in Seventh Consecutive Session
Springfield Feb 14 AP Illinois lawmakers push for an Illinois equal ity commission to handle discrimination complaints. The bi partisan five member panel would receive cases seek reconciliation and may seek court orders for compliance. Other bills include lobbyist registration and moving first time narcotics offenders to Vandalia Prison Farm.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
House
Senate
Plan Also Drops Governor From Budget Group Plan
Springfield Feb 14 The Ill inois Budgetary Commission would lose the governor as an ex officio member under two Senate bills sponsored by Russell Arrington. A new auditor general post would report to the Legislature and post audit all state expenditures. The bills also create an 18 member legislative audit commission and shift budgetary oversight to a director with a technical staff. Governor Stratton voiced support for strengthening the commission.
MENTIONED IN THIS ARTICLE
O. T .Banton
Springfield
Illinois Budgetary Commission
Senate
Russell Arrington
Orville E. H
Arrington
Legislative Audit Commission
House
Auditor General
Commission
General Assembly
Dansan
Legi Z
William G. Stratton
Auditor General Legislative Commission
Was
Best Preacher We Ever Had Pastor Jailed in Elmdale
Calvin Laskey who revived the Elmdale Christian Church and boosted membership to about 70 faces jail after pleading guilty to illegally marrying a couple. FBI records show 26 prior felony convictions and multiple military desertion charges. The town recalls him as the best preacher they ever had despite his past.
MENTIONED IN THIS ARTICLE
Elmdale
Kan
Calvin Laskey
Flint Hills
Kansas
George Dawson
Elmdale Christian
Towle
Laskey
Korea
FBI
Ottawa
Montreal
Arizona
Tate
U. S
U. S. Navy
Also Mentioned on This Page
Ike
Mee
Nonstriker
State Senate
Kenneth Patin
Er Edmund
Ivy Lee Gilmore
Zimmerer
Stassen
New York
Philadelia
Leon
Louis Waldman
Independent International Longshoremen’s Assn
University of Illinois
Urbana
A. J. Muehling
Crab Orchard Lake
FEPC
John Morris
D-Chadwick
Emdale Christian Church
Dean Barton
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