Bank stock battle heats up as Elyria Savings tops offer
The Elyria Savings and Trust Co. raised the bid for controlling stock of Savings Deposit and Trust Co to 340 a share, eclipsing First Cleveland Corp.s prior offer by 10. The maneuver sparks an unprecedented local banking power struggle with millions at stake for shareholders.
MENTIONED IN THIS ARTICLE
Elyria Savings and Trust
Savings Deposit and Trust Co
Elyria Savings and Trust Co
Cleveland Corp
Cleveland
First Cleveland Corp. Est
Savings Dawnsit
U N Chief Leaves China After Talks
U N Secretary General Dag Hammarskjold ends a weeklong mission to the Communist regime in China. He spoke on behalf of jailed American fliers as he crossed the border back to Hong Kong. The report also notes corporate banking activity in Elyria and Cleveland related to an offer by First Cleveland Corp.
MENTIONED IN THIS ARTICLE
Hong Kong
U.N
Dag Hammarskjold
China
Hammarskjold
Canton
Peiping
M. C. Lingworth
Hammarsfield
United States
Wen Wei Pao
Red China
United Nations
New China
Chou En-Lat
Hammarsfold
Motion Against McCarthy Fails
Washington reports that Senator Case failed in an effort to remove Senator Joseph McCarthy from the Senate Government Operations committee. The article notes McCarthy's role as head of the committee and his ongoing investigations, with added details on Hammarskjold's border arrival and reactions from a Hong Kong newspaper.
MENTIONED IN THIS ARTICLE
Washington
Clifford Case
Joseph R. McCarthy
Wis
Senate
Eisenhower seeks higher federal pay and postal rate hikes
President Eisenhower urged Congress to raise postal rates and boost federal worker pay and benefits at a cost exceeding 394 million dollars annually. He proposed first class rate increases and a tentative plan for independent rate oversight, plus a 1 percent general pay raise and voluntary group health insurance for civilian employees.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Congress
Post Ofice Department
Post Office Department
Ossial Tate
Postal Service
Civil Service
Mr. Eisenhower
Drowned boy found at Buckeye Lake in Newark region
A ten year old boy was found drowned at Buckeye Lake near Cambridge. Local police and emergency crews investigated a mysterious incident at the Royal Air Force base area with no casualties reported.
MENTIONED IN THIS ARTICLE
Newark
Ins
Cmbridge
Eng
Jim
Wayne Wright
Royal Air Force Base
Buckeye Lake
Lai Lords
Cambridge
Ing
Ohio Youth Shot Killed At College Dorm
Swarthmore College woke to a predawn gun attack as a therapy student terrorized two dorms with a pistol and rifle, killing Francis Holmes Strozier a 39 year old Akron man sleeping in his bed. The gunman Robert B Bechtel a 22 year old Pottstown junior surrendered to police after declaring he felt persecuted. He cited hazing as the motive and called it a personal matter.
MENTIONED IN THIS ARTICLE
Swarthmore
Swarthmore College
Francis Holmes Strozier
Akron
Ohio Edison Co
Robert B. Bechtel
Pottstown
Bechtel
Bech
Offer to purchase Elyria Savings stock at 340 a share
Rice informs Rodney G. Rockwood and EST directors that Elyria Savings and Trust Co directors received a proposal to buy all outstanding shares at 340 per share. The offer requires minimum 2,000 shares to be sold and is contingent on other conditions. No. 2 continued on page 2.
MENTIONED IN THIS ARTICLE
Cleveland
Elyria Savings and Trust Oiler
Savings Deposit, and Trust Co
First Cleveland Corp
Rodney G. Rockwood
Savings Deposit and Trust Co
Elyria Savings and Trust Co
Rockwood
Cleveland Corp
Robert H. Rice
Hlyria Savings and Trust Co
Tel
Deposit and Trust Co
Elyriate
Bechtel
Universary
Students For
Religious Understanding
Suncommilee
Everett Hont
Case
Republican Committee
John
V. Bricker
Ohio
Swarthmore
Thomas Bricker
Com Bateman
McCarthy
Hunt
Strozier
Wayne Morse
Ind
Senate Foreign Restudent
Roger Witt
Plainfield
Formosa
EST
Savings Deposit Bank
Rice
Elyria, Savings and Trust
Co. Yale
Elyria
Northeast Ohio Weather Outlook with Clouds and Cold
Painly cloudy today with a high of 33 to 38 degrees. Tonight remains fair and cold with a low near 22. Wednesday brings increasing clouds and a moderately cold feel. Monday’s temperature range was 31 to 36, with 16 to 28 a year ago. Precipitation in the last 24 hours ending 8 am Monday was 0.02 inch. Humidity at 8 am Monday 92 percent, 2 pm 72, 8 pm 82. Sunrise 7:52, sunset 5:18, moonrise 9:14 tonight.
MENTIONED IN THIS ARTICLE
Ohio
Invasion Report Casts Shadow Over Costa Rica
Reports from San Jose claim a Nicaraguan force invaded Costa Rica and seized Villa Quesada in San Carlos province about 30 miles from the capital. Communications were cut, no further details. Costa Rica called for volunteers to patrol the capital, with ambassador Bernardo Montes De Oca in charge of the patrol. The Nicaraguan chargé d'affaires left after being declared persona non grata.
MENTIONED IN THIS ARTICLE
San Jose
Costa Rica
Nicaragua
Villa Quesada
San Carlos
Provence
Bernardo Montes de Oca
Dulles Urges War If Communists Seek True Peace
Secretary of State John Foster Dulles warned at a YWCA luncheon that international communism cannot achieve genuine peace without war. He argued peace under communist rule means forced conformity and tyranny, and cited propaganda as a tool to soften resistance while aiming to extend power worldwide. Chinese Nationalists reportedly conducted air strikes near Formosa to assert peace, while Dewey praised Eisenhower’s 1956 prospects during a visit to the White House.
MENTIONED IN THIS ARTICLE
James L. Kilgallen
NEW York
INS
John Foster Dulles
Taipeh
Ley
Tournen
Tienao
Namiles
Formosa
Washington
Thomas E. Dewey
Enfighters
Dickason to Resign as City Inspector Feb 1
City Building Inspector Hart Jueknson will resign effective February 1 after a year’s controversy over his firing. Mayor J Grant Skeys announced actions, then retracted the firing order amid a broader dispute with Safety Service Director Michal Lotko. Dickason cited an unpleasant atmosphere and said he will resign rather than work under strain.
MENTIONED IN THIS ARTICLE
Hart Jueknson
Navy
J. Grant Skeys
Dickason
City
All
Y Safety Service
Michal J Lotko
Sanctaiaon AN Wieiogiolg
MayorKeys
Lotko
Keys
Sed
Com
Florida
Lausche unveils 30 point program for Ohio budget
Governor Lausche presents a 30 point plan to the Legislature outlining spending cuts to fit an expected 40 million dollar surplus while proposing a school building authority, large bond issues for hospitals and prisons, tax shifts, censorship laws, port authorities, and stronger road taxes. He stresses nonpartisan cooperation and warns against cutting expenditures to the level of revenue.
MENTIONED IN THIS ARTICLE
Columbus
Frank J. Jausche
le Pichirs
Lansehe
Erie
Lausche
Milllion
Organized Labor
Avon zoning dispute nears final decision and parish plans house
A JAP report outlines area involvement in a contentious zoning fight to reclassify land for industrial use and notes Andrew's Episcopal parish plans a new parish house west of the church. The item touches on sewer, real estate transfers, and suburban calendar items including sports and stock quotes.
MENTIONED IN THIS ARTICLE
Andrew's Episcopal Parish
Melting Snow Strands Californians in Unseasonal Cold
Weather across Southern California brought unusual snow melt and cold snaps as residents in Banning and surrounding areas faced melting snow and prolonged chilly conditions. The Florida Chamber of Commerce reference appears to be a fragmented note interlaced in the text.
MENTIONED IN THIS ARTICLE
Banning
Calif
Dr Sam's Father Taken To Cleveland Clinic
Dr Samuel J Sheppard took his father, Dr Richard A Sheppard, to Cleveland Clinic from Bay View Osteopathic Hospital for diagnosis and treatment after a pleurisy attack in mid December. The elder Sheppard’s illness was cited as the cause of his wife Ethel Niles Sheppard's death by suicide last Friday. Officials planned further examination later today.
MENTIONED IN THIS ARTICLE
Cleveland, C
Richard A. Sheppard
Samuel J. Sheppard
Cleveland Clinic
Bay View Osteopathic Hospital
Sheppard
Ethel Niles Sheppard
Richard N. Sheppard
Also Mentioned on This Page
Boost
Savings Deposit Control
Wisconsin Republican
McClarthy
Permanent Investigations
Mitten
Hisenhower
Bridge St
Rear Eve Ke
U.S
San Francisco
Sachiko Kawaoka
Clement Tsuchya Shiro
Madeline Pedley
Ayako Murata
Bernardetta Aton
Tomita Kaora Aloysius Sharpe
Hanya Nobayoshi Alboré Sharpey
International Soundphoto
Joe Figueres
Organization of American States
Wigueres
Tural
Omr
Organization of Aimdrian
Teft
Antonio Fpucio
Costa Riex
Joan A. Mora
Dirt Gang
OAS
Guillermo Sevilla Sacusa
Naional
Bulletin
Dulles
YWCA
Chronicle- Telegram
Chronicle - Telegram
C. Diederich
Chiang
Red Islands
Dewey
Avon
Amherst
Death Records Entertainment
Lorain
Oberlin
Sam
Clinic
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