Nixon Cuts Low Cost Rural Electrification Co-ops Plan
The Nixon administration ends the direct 2 percent interest REA loans, shifting to private finance at higher rates effective Jan 1. The move aims to save about 279 million this year, drawing fire from the National Rural Electric Cooperative Association and critics who warn many rural systems may cease to exist without long term low interest funding. Humphrey calls the shift an insult to Congress.
MENTIONED IN THIS ARTICLE
Nixon
Washington
UPI
Rich of America
Agriculture Department
Rural Electrification Administration
REA
Robert D. Partridge
National Rural Electric Cooperative Association
Partridge
Hubert H. Humphrey
D-Minn
Minneapolis
Humphrey
Franklin D. Roosevelt
Indict 24 policemen for taking payoffs in Chicago
Twenty four policemen including a former Vice commander were indicted on charges of shaking down liquor operators. U S Attorney James R Thompson said the group allegedly solicited monthly payments from more than one establishment from August 1968 through Friday when the indictments were handed up. The payments totaled hundreds of thousands of dollars. Fifteen defendants including Capt Clarence E Braasch face perjury charges before the grand jury probing police misconduct. Braasch led the 18th Police District on the Near North Side from 1966 to 1970 before becoming traffic chief.
MENTIONED IN THIS ARTICLE
Chicago
U.S. Alty
James R. Thompson
Clarence E. Braasch
Gran Jury
Braasch
18Th Police Dstrict
Near North Side
Old Town
Rush Street
Automobile
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Pawega
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Win Gurney
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Dan A
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Am-Fm
Val's Motors, Inc
Robert E
Oldsmobile
Cere Tel
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Angi Tool
Dodge Swinger
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T A. F. Ryan & Sons, Inc
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Cortland Ave
Immediate Auto Insurance
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Trice Value
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ICC
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Boston
Nas
Humane Ase Soc
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Reta
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Pesigsee
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Amin
Ee Ae Ak
AEG
ARC Enghen Springer Spamel
Erige
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Lhasa
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