Stock Chief Resigns Amid Federal Tax Indictment
J Truman Bidwell steps down as chairman of the New York Stock Exchange Board of Governors after a federal grand jury charges him with evading 555,908 in income taxes. He claims persecution from high places in Washington while insisting he has fully paid all his taxes and that the indictment concerns his personal taxes, not exchange activities. The case adds to tax investigation pressures on Wall Street and follows IRS and SEC scrutiny of securities firms.
MENTIONED IN THIS ARTICLE
New York
J. Truman Bidwell
New York Stock Exchange
Washington
Stock Exchange
Bidwell
Exchange
Internal Revenue Service
Securities and Exchange Commission
Wall Street
American Stock Exchange
Grand
John M. Cashin
Kennedy Early Nuclear Test Decision Said Possible
President Kennedy is moving toward a final timetable and may decide soon whether to resume atmospheric nuclear tests. Washington reports the decision hinges on safety, policy goals, and international reaction as the presidency weighs the next steps.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Wright to resume $100 a day post with racing commission
Springfield Feb 28 AP Warren Wright former Republican state treasurer switches to Democratic state jobs and will return to his $100 a day post with the Illinois Harness Racing Commission. He will resume as racing steward Thursday after leaving a $6,400 per year special assistant to the state public works director. Also noted Kerner may announce a decision on Conrad Beck, ex-director of financial institutions, amid a dispute over Household Finance loan limits.
MENTIONED IN THIS ARTICLE
Springfield
Warren Wright
Illinois Harness Racing Commission
Otto Kerner
Wright
Kerner
Racing Post
Separa Poney
White House
Kennedy
U.S
Mary
Conrad F. Beck
Jer
Finan
Cial
Household Finance & Corp
Becker
Consumer Finance Act
Washington
Francis Gary Powers
Inquiry Board
Powers
Hoat
la Guaril
Ollmats
Eiecum Ria
Lowor Manhattany
Soviet Union
The
Air Force
Passenger Train Plows Into Freight Derailment Wreck
Thirteen freight cars derailed after the 60th car jumped to an adjacent track and struck the Pennsylvania Limited No. 55, injuring 18 aboard. Three diesel locomotives and most passenger cars derailed. ammonia fumes affected clerks and a postal worker. Delays up to five hours reported. no injuries on Empire State Express near St. Thomas.
MENTIONED IN THIS ARTICLE
Thompsontown
Pennsylvania Railroad
New York
Pennsylvania Limited
Chicago
Pennsylvania
Hart
Vistownsburg
St. ‘Thomas
Empire State Express
New York Central Railway
Here
Detroit
New York City
U2 Jet Losses In U S Reported By Air Force
The Air Force disclosed that at least nine high altitude U2 aircraft operated for research have crashed in the United States. Powers flight and possible other CIA planes are excluded. Experts cite mechanical issues or anti aircraft fire as possible causes.
MENTIONED IN THIS ARTICLE
Elton C. Fay
Associated Press
Washington
Francis Gary Fowers
Russia
United States
Air Force
Soviet
Central Intelligence Agency
Poncers
Moscow
Powers
Khrushchev
Rail Commission Recommends Streamlining Work Rules
A presidential panel urges abolishing firemen from weight and yard locomotive crews starting July 1, cutting 35,000 jobs over a decade and saving carriers up to 250 million yearly. It backs unlimited tech changes with protections, ends inter division crew changes, overhauls pay for time and mileage, cuts hours, raises overtime, and pushes retirement age from 70 to 65 over five years.
MENTIONED IN THIS ARTICLE
Washington
Sone
Commission
Dwight D. Eisenhower
James P. Mitchell
Eisenhower
Astronauts May Steer By Stars In Moon Bid
Lieutenant Colonel John H. Glenn Jr and fellow astronauts Alan B. Shepard Jr and Virgil I. Grissom testified before the Senate space committee in Washington. They described navigating by daylight stars, the triple Earth orbit proof, and plans to rely less on automation as they pursue the moon mission amid New York celebrations and a dramatic parade.
MENTIONED IN THIS ARTICLE
Washington
Congress
Johm H.glenn
Glenn
Alan B. Shepard Jr
Virgil —. Grissom
Senate Space Committee
Capitol
Pat Ot
Shepard
Earth
New York
John H. Glenn Jr
Gotham
the Battery
City Hall
Robert F. Wagner
Waldorf- Astoria Hotel
Lower Broadway
Presidential Panel Urges Rail Job Cuts and Worker Aid
Washington reports a presidential commission urged railroads to streamline operations and shed thousands of jobs while offering displaced workers partial pay for up to three years and retraining. The panel, backing industry claims, noted many locomotive firemen serve little purpose and urged gradual elimination. Union members warned of a potential nationwide strike as emergency meetings were planned.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Claisis
Flooding Eases in Eastern Kentucky as Waters Recede
Heavy damage from eastern Kentucky floods subsides as waters fall and roads open in many counties. Rivers including the Kentucky Big Sandy and Cumberland rise downstream but threat eases. Ohio River crest predicted in Louisville with no major flood risk. Snow and sleet add to hazards across the state with icy roads and subfreezing temps.
MENTIONED IN THIS ARTICLE
Louisville
Kentucky
Big Sandy
Cumberland
Salyersville
Lynn Camp Creek
Corbin
Ohio
Associated Press
State Highway Department
Khrushchev Ulbricht Hold Two Day Treaty Talks
Soviet Premier Khrushchev and East German leader Walter Ulbricht concluded two days of talks on a German peace treaty and the normalization of the West Berlin situation. The discussions, disclosed in Moscow, focused on easing tensions and civic arrangements in occupied zones.
MENTIONED IN THIS ARTICLE
Moscow
Khrushchev
East Germany
Walter Ulbricht
West Berlin
Discoverer in Orbit on Secret Mission
The 38th Discoverer satellite in the Air Force program is orbiting Earth on a secret mission. In Algeria, rebel leaders push to open the final phase of peace talks with France, aiming for a ceasefire as the 72-year rebellion winds down. Paris-approved terms are being weighed after a six day meeting in Tripoli.
MENTIONED IN THIS ARTICLE
Vandenberg Air Force Base
Calif
Tunis
France
Algeria
Mohammed Yazid
Tion
Tripoli
Libya
Living Costs Steady Despite Higher Prices in January
The Labor Department reports January living costs unchanged from December with prices 4.5 percent above the 1957-59 average. A nearly 2 percent drop in buying power and after tax income stems from a 42 minute shorter work week. About one million workers are covered by cost-of-living clauses. around 900,000 auto, farm equipment and aircraft missile firm workers see no wage change, 100,000 lose one cent per hour, and about 6,000 gain one cent per hour.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Also Mentioned on This Page
Stock Chief
New York Central
Canada
U. S
Rail Commission
Robert §. Kerr
D-Ohls
Presidential Commission
Inez
West Virginia
Ulbricht
Discoverer
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