Battle over West Virginia usury rate reform rages among lawmakers and bankers
State legislators led by Senate Majority Leader William Moreland push raising the six percent mortgage ceiling and reforming the state banking commissioner appointment. Bankers demand rate changes too but oppose Moreland’s proposed State Board of Financial Institutions as biased. Both sides acknowledge a nonpartisan board would better govern banking, while personal rivalries and political influence color the dispute.
MENTIONED IN THIS ARTICLE
West Virginia
Senate
William Moreland
Morgantown
Moreland
State Board of Financial Institutions
Local Giants Honor Lawrence L. Christian Star Club Member
Lawrence L. Christian of 1301 Van Voorhis Road was named a member of the 1968 Star Club of New York Life Insurance, recognizing significant sales records for 1967-68. The event coincides with regional remarks by Wendell D. MacDonald of the Labor Statistics Bureau noting New England nonagricultural employment totals.
MENTIONED IN THIS ARTICLE
Lawrence L. Christian
van Voorhis Road
Boston
UPI
Wendell D. MacDonald
U.S. Department of Labor
Bureau of Labor Statistics
New England
Star Club of New York Life Insurance Company
The
Star Club
New York
Don van Camp
Wheeling
All Christian
Atlantic City
N.J
Market reacts calmly to Czech crisis in 1968 week
Markets showed limited emotion after the Soviet led invasion of Czechoslovakia with the stock market edging higher for the week. Bond prices slipped as yields rose while analysts cited muted investor reaction, hopes for Vietnam talks, and easing money policy as factors stabilizing equities.
MENTIONED IN THIS ARTICLE
New York
Czechoslovakia
Soviet Union
Europe
Ralph Rothem
Harris, Upham & Co
Eisenhower
Pearl Harbor
Wall Street
Vietnam
Bache & Co
Bache
U.S
South Vietnam
Federal Reserve
Maryland usury law eased but confusion remains
Maryland’s July 1 usury law raised the mortgage rate to eight percent and barred add on charges. VA and FHA loans cap at 6.75 percent. New York lenders pulled Maryland loans but began resuming after Aug 7 court clarifications easing add on restrictions. West Virginia and Delaware still cap at six percent amid a heated rate debate.
MENTIONED IN THIS ARTICLE
Maryland
Veterans Administration
Federal Housing Administration
New York State
New York
West Virginia
Delaware
AGF
Hensley Appointed Central District Manager at Galis
Robert F. Hensley of Morgantown is named central district manager for Galis Manufacturing Company. He will oversee parts sales, rebuild and repair sales, and mining equipment sales in the region. Hensley joined Galis in 1958 as a driver salesman and has held multiple roles including machinist and warehouse manager.
MENTIONED IN THIS ARTICLE
Robert F. Hensley
Morgantown
Galis Manufacturing Company
Central
Hensley
Galis Company
USDA reviews suspension of Clarksburg base excess plan
The USDA weighs suspending the base excess plan for the Clarksburg Morgantown area until a hearing. The Dairymen's Cooperative Sales Association patients the move, saying the plan no longer encourages even year round production.
MENTIONED IN THIS ARTICLE
U.S. Department of Agriculture
Clarksburg
Morgantown
USDA
Dairymen’s Cooperative Sales Association
Block Tax Course Soon Opens In Morgantown
James C. Smith of H and R Block announces the Block Basic Income Tax Course starting September 17 in Morgantown at 235 Walnut Street. The program runs 24 sessions from 6:30 to 9:30 p.m. with tuition covering texts forms and supplies and aims to train over 20 000 students for potential roles in H and R Block offices nationwide.
MENTIONED IN THIS ARTICLE
James C. Smith
Morgantown
H & R Block Income Tax Service
Smith
Walnut Street
New York Times Business Activity Index Declines
Times Index shows a drop to 328.1 last week from 348.4 the prior week while the year-ago level stood at 308.3. The accompanying table lists the index and its components, each adjusted for long term seasonal trends.
MENTIONED IN THIS ARTICLE
New York
New York Times
Unfurnished Apartment for Rent in South Park
Beautifully decorated first floor unit with 3 rooms and bath. Private quiet basement, porches, hot water heat, ample closet space. Refrigerator and range optional. Adults. Morgan Hotel 292-840 extension 604 or 615.
MENTIONED IN THIS ARTICLE
South Park
Morgan Hotel
Also Mentioned on This Page
Prospectus
West Virginia Bankers Association
C. Glenn Zinn
Association
WVBA
Zinn
Farmers and Merchants Bank
Thomas E. Mullaney
New York Times News Service
Stanley A. Nabi
Schweickart & Co
Kennedy
Gulf of Tonkin
Martin Luther King
Rotnem
United States
Andrew F. Brimmer
Federal Reserve Board
Fed
Commerce Department
Pacific Northwest
New York Stock Exchange
Labor Department
Galis
Bob Hensley
Times Index
Johnson & Johnson Distributors, Inc
Dallas
Texas
Dallas, Texas
Consumer Credit Department
Federal Deposit Insurance Corporation
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