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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Dec 27, 1961
Page
12
MT. JACKSON The First Virginia Corporation of Arlington offers to buy 80 percent of the stock of Peoples Bank of Mt. Jackson. The bid is subject to several conditions including prior approval of the Federal Reserve Board.
The First Virginia Corporation proposes to offer 125 Class A shares for each outstanding share. Its November 30 1961 resources total 2 928 251 with majority ownership in five Northern Virginia banks totaling 98 432 000. It owns Peoples Bank established 1900 in Mt Jackson and aims to acquire Farmers and Merchants National Bank of Winchester and The National Bank of Harrisonburg.
The Christmas program at Second Opequon Presbyterian Church, postponed due to snow, will be held tomorrow at 7 30 p.m. at the church.
In early trading the market moved unevenly with small gains and losses. General Motors forecast a seven million car year in 1962 while steel and construction volumes rose to new highs.
U.S. Ambassador Frederick E. Nolting Jr. will leave Friday for consultations in Washington. Officials could not say how long the absence will last. The talks aim to shape new aid to South Vietnam and bolster popular support for the government after over a month of negotiations.
NBC News staff delivered a thoughtful report on the Berlin crisis, framing Khrushchev's moves as an attempt to isolate America and destabilize NATO. The piece stressed Allied differences, the West's relative strength, and the impact on West German confidence.
In Lynchburg the abduction of 20 year old Barbara Davis Layne enters a second week with police baffled by leads. Malcolm T Cash 31 is accused of the kidnapping and beating Layne’s aunt. A stolen car linked to the case was found near the North Carolina border.
Sen. Harry F. Byrd of Virginia renewed opposition to the Kennedy administrations proposals on Social Security and unemployment compensation. Byrd, chairman of the Senate Finance Committee, backed leaving key decisions to states on workmen’s pay while opposing compensation for strikers and warning against a form he says could lead to socialized medicine. He kept an open mind on the Reciprocal Trade Act, the common market, and an omnibus tax overhaul.
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