Bank setoff ruling upholds use of funds to pay credit
A U S District Court ruled it is not a constitutional violation for a bank to seize funds from a checking account to offset a credit card balance. Judge Stanley A. Weigel said such setoffs are lawful if contract terms or banking rules allow them, noting any wrongful action would belong in state court. The Josolas had filed bankruptcy after a 1970 setoff and subsequent bounced checks. The case, initiated in 1971 and amended in 1972, may be appealed. Also noted is a Mother-Daughter Banquet and Fashion Show at the Methodist Church tomorrow with dinner at 6:30 and a style show.
MENTIONED IN THIS ARTICLE
U.S
Stanley A. Weigel
Wells Fargo Bank
Mendocino County Legal Services Foundation
Weigel
Eugene
Sandy Josola
Jojola
Josola’s
Ed Frey
Legal Services
Women’s Society of Christian Service
Methodist Church
Jess Felton
Sieroty
Lieroty
California
Henry Waxman
Los Angeles
Ronald Reagan
Evelle Younger
Ida Hayes 87 Dies. Rites Planned in Willits
Ida Hayes 87 a Basel Switzerland native and Willits resident for 66 years died Tuesday in a Willits hospital. Funeral services Friday at 11 in Anker Lucier Mortuary chapel with Church of Jesus Christ of Latterday Saints officiating burial in Willits Cemetery. Survived by Otto her husband Margaret Judson San Rafael a brother Adolph Waldner Switzerland two grandchildren four great grandchildren.
MENTIONED IN THIS ARTICLE
Willits
Anker-Lucier
Ida Hayes
Switzerland
Hayes
Basel
Church of the Latter-day Saints
Otto
Margaret Judson
San Rafael
Adolph Waldner
Reds shift offensive from Cambodian capital
Cambodian government and rebel forces clash across northern and southern fronts as the Communists move the brunt of their offensive from Phnom Penh along Highways 5 and 7. Government casualties include 15 dead near Takhmau and 11 killed with 18 wounded south of Tuk Lank. a misdirected T28 bomber attack injures 17 more near Takeo. U.S. warplanes continue daily support missions amid heavy monsoon conditions.
MENTIONED IN THIS ARTICLE
Phnom Penh
UPI
Cambodia
U.S
Indochina
Tuk Lank
Takeo
Phnnom Penh
Limited death penalty may get committee okey
In Sacramento two Assembly Criminal Justice Committee Democrats say a bill restoring the death penalty in limited cases could win committee approval, though they oppose broad reinstatement. Speaker Moretti floated some possibility of passage, citing Prop. 17 support, while critics warn against widening the death penalty.
MENTIONED IN THIS ARTICLE
Okey
Sacramento
UPL
Assembly Criminal Justice Committee
California
Moretti
Assembly
Senate
George Deukmejian
Long Beach
Criminal Justice Committee
Robert W. Crown
Alameda
Miller
Ukiah Woman Gets 15 Days For Shoplifting
Margaret Ann Schwarm a 19 year old of S Dora Street pled guilty in Ukiah Justice Court to shoplifting and was remanded to county jail. She was arrested April 23 at Purity store for taking a pair of children’s sandals without paying.
MENTIONED IN THIS ARTICLE
Ukiah
Hale McCowen Jr
Margaret Ann Schwarm
S. Dora Street
Ukiah Justice Court
Purity Store
Wall Street charter points to undervalued stocks amid inflation fears
The Argus Weekly Staff Report cites inflation as a lingering drag on growth while noting general stock undervaluation. Moody’s Stock Survey says stocks offer ample returns as earnings improve, with Moody’s industrials at 16.1 times 1973 earnings versus a 10 percent rise forecast if the multiple returns to the decade average. The Dow points to breaking resistance around 970 to 980, and a bull market peak projected for late 1974 between 1300 and 1400.
MENTIONED IN THIS ARTICLE
Argus Weekly
Moody's
Investors Service
Bache Technical Service
Market report shows Dow Jones slip amid slow trading
New York prices retreated as the Dow Jones industrial average fell 5.64 to 943.41 near noon. Trading was sluggish with 1,497 issues crossing, 736 advances to 381 declines, led by Suave Shoe up 4.34 at 434 on 119,600 shares after a sharp earnings drop and stock repurchase news.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Dow Jones
Suave Shoe
Also Mentioned on This Page
Audrey Hollenbeck
Mendocino-Lake County
American Cancer Society
Eleanor Clements
Redwood Valley
Wayne Pittman
ACS
Mrs. Clements
Marge Carpenter
Betty DeGrassi
Gene
Mary Facklam
Pat Hotchkiss
Ralph McDill
Hazel
John Muir
Carol Purcell
Edythe Richmond
Naomi Rodgers
Alice Soinila
Jerry Suscoff
Goodie
Marcel Goodwin
Rod Pacini
June Valley
Reds
Takhmau
Mendocino County
Ukiah Oratorio Society
the Methodist Church
Smith and
Pine Streets
Avings Bank
Mendocino CO
State
Washington
Hopland
Fort Bragg
Gathion
Chemagro
Baycherm Corporation
Kansas City
Missouri
Onelarelor
Wall Street Charter
Todays Market Report
First California Company
South School
St. Ukiah
A.m. Prices Industrials Volume
Tel & Tel
Boise Cascade
Denny's
General Motors
Georgia Pacific
Hughes Tool
Louisiana Pacific
Lucky Stores
Masonite Corp
Occidental Pete
Pacific Gas & Elec
Sambos
Safeway
Sears
Ltd. Oil of Calif
TransAmerica
Winnebago
Advance Memory
Bank of America
Diagnostic Data, Inc
Equitable SL
Franzia Bros. Winery
Seiscom Delta
Shaklee Corp
FHS
Yokogo Center
Bludie Howrs
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!