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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Aug 31, 1966
Page
6
The Treasury paid over 5.5 percent to borrow with six month bills and bond prices fell as rates rose. The president argues high rates signal continuing prosperity while critics fear a looming recession. Home building slumped with contracts down 25 percent as financing vanished. Banks struggle to find lendable funds even as plans for expansion rise in dollar value.
The piece describes a slower Washington summer with ambassadors retreating, White House tours drawing crowds at dawn, extended Monument hours, and lighter social life. It notes officials like Humphrey, Mansfield, Fulbright, and McNamara coping with heat, open air venues, and a shift to informal, reduced-rate activity. The Deaf school history is briefly cited from 1817.
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