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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
May 29, 1968
Page
3
President Johnson signs the Truth in Lending Act a major consumer protection measure. It requires clear disclosures on interest costs for loans and credit, sets rules for advertising and contracts, and protects workers from wage garnishment while expanding penalties for extortionate lending practices.
The SEC launches a fullscale inquiry into stock transaction costs and may urge the NYSE to cut charges by Sept 15. The interim plan could apply to 100 share purchases or discounts above 50 000, with hearings starting July 1 to decide if a minimum commission structure is needed. The department opposes fee splitting and aims to pass savings to investors.
The Winchester Frederick County Unit of the American Cancer Society urges support for its Living Memorial Program. Memorial gifts aid Education Research and Service and are acknowledged with a card to the family and receipts to donors.
George Ray Bowles 16 received 30 years for robbery and fatal beating of elderly Hanover merchant J. R. Mills. Bowles got 20 years for first degree murder and 10 years for auto theft, as the second of three teens to be sentenced. Gerald Lee Morris faces trial June 18–19.
Winchester firemen reported only burned clothing and smoke in an apartment at 125 W. Piccadilly St. The blaze started when Henry Gold left clothes drying in an electric oven at 7 15. Fire Inspector William Godlenour said Mr Gold had forgotten the clothes in the oven.
The Denver AP report notes new rules for recruits: male and female applicants must meet age and education criteria. Men could be 21 with a high school diploma while women must be at least 25 and hold a college degree.
Joseph Lee Bageant Jr., 21, pleaded innocent to a grand jury indictment for possession and sale of marijuana. Judge Elliott D. Marshall set July 19 as the trial date in Corporation Court after a special grand jury returned the indictment earlier this week.
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