The Orange Leader (Orange, Tex.), Vol. 58, No. 72, Ed. 1 Monday, March 27, 1961 Page: 12 of 12
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TABU TWRVt
THE ORANGE LEADER
MONDAY. MARCH 27. IW
MARMADUKE
U
I
Stones, Beer Cans Fly
Students Denied Romancing Spot Stage Riots
Watch it I He hasn't had his coffee yetj
FORT LAUDERDALE, Fla.
(AP)—Police ti'oni six surround-
ing communities reinforced local
authorities in putting down a riot
by 3,500 vacationing college , stu-
dents, unhappy at being ; denied
access to their' favorite spot for
j romancing, an unlighted beach
'north of here.'
The riot broke out Sunday night
on busy U. S. AlA,- flanked on
one side by a' warm,, sandy' beach
and the Atlantic Ocean and on
the .'other by a row of beer tav-
erns where the students cool off
between ' sun bathitig sessions, j
'As resentment grew over clos-
ing of the Unlighted beach, stu-
dents began hatting traffic by
lying in front pf cq.ts. Police ar-
rived and ordered the students to
disperse, but were met with .- a
volley of' stones,, beer cans and
bottles.
Police Chief J. Lester Holt
called on all available police, fire-
men, sheriff's officers and Flor-
ida highway patrolmen. .Traffic
Loss of Gold Has Stopped
Controlling Cost of Borrowing Successful
,was routed away from the beach a police c^r with a hand micro-
j area and fire trucks and squad; phone and urged the students to
cars converged on the scene. [end the-riot.
I For nearly two hours the slt-j Mickey Lamonica, a pre-law
■uation was out of control. The student at the Uiversity of Mi-
students'surged through policeJami, preformed a similar service
lines, heckling .the officers and through the police loudspeaker.,
ontinut d peltiOR them w.ith e-np-j The" outbreak was the most se-
ty. "beer containers. 1 rious fn th6 16 years college stu-
The riot began to weaken as dents have been making pilgrim-
high pressure fire hose* were ages here for "their Easter vaca-
trained on front lines of the stu- tions. Each year as the nirm-
dents and officers threw apparent ber of students participating has
. trbubl? makers into paddy wafi- grown. there ; have been ir.creas-
ons. About 50 students were ar- ing cases of vandalism, disorder-
rested on charges of disorderly fly conduct, public intoxication, or
conduct and another 25 were in- other offenses, but they have been
jured by flying glass from broken, mostly minor. <?
beer bottles. I Last -year about 35,000 student
Control was restored as police arrived. Their visit cost Fort
brought in a truck with loud j Lauderdale about $35,000 for
speakers and warned students maintenance and policemen's
tear gas would be'used. j overtime salaries-.alone.
■Officials credited'two collegians! But the Chamber-of Commerce
with helping-restore order. Jim;estimates the students spend'
Dickie, identified as a quarter-!about a million dollars during the
back on the Indiana, State Col-brief stay. Much of the financial
lege football team, climbed flop exchange is concentrated'on beer.
Sunday Picnic, Fishing Trip
Ends in Death of .5 Children
SCHNEIDER, Ind. (AP) - A
beautiful day of picnicking and
fishing elided in death for five
Children Sunday night when a
small rowboat loaded *with 10 per-
sons sank in Kankakee River
floodwater.
The 10-foot boat had left a cot-
tage rented for the day tjy Ted
Bell, 49, Calumet'City, 111. It was
headed for the main shore line
where the families had parked
their cars. Seventy yards offshore
in water 15 feet deep, Bell said
he Speeded up the outboard motor
and suddenly "water poured over
the bow and we sank. '
Three of Bell's children, Theo-
dora, "5; Charlotte, 13. and Ken-
neth; 4, drowned along with Deb-
bie Murzyn, 2, and Regina Mur-
zyn, 3.
Bell said, "We started taking
water, I grabbed for' the kids. All
of a sudden we were all in the
water, the kids screaming and
trying to reach us, and nobody
knowing what to do. It was hor-
rible."
Darlene Murzyn, 29, Hammond,
and Bell's .wife. Rose, were able
to get patsy Bell, 9, and swim
to shore. Bell grabbed Chris Holm-
quest, 5, who lived in his apart-
ment, and made it safely to land,
Thr^e*-others on the day-Ions
outing had gone with Bell first
and were waiting on shore. .
Eldon Graham, 23, Calwftiet
City, said, ~"We saw some boats
along the water edge and ran to
get in them and help,' but they
were locked." He spid there was
nothing Mse"'to do but "run to
the park superintendent's office
and get keys." The office was a
half mile away.
1 M. W. PEA.RCE
INSURANCE AGENCY
Representing
THE TRAVeiER? INSUBANCS CO.
Phone TU 3-2621
AU KINDS OF INSURANCE
ARMSTRONG
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Reg. 18c \ ^ A
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1 sq: Yd.
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ft (REVOLVING)
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Sherwin-Williams
company
701 DIVISION
TU 3-5616
ir :\
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By SAM DAWSON
AP Business News Analyst
- NEW YORK (AR)-r-The admin-
istration's experiment at manag-
ing the cost of borrowing money
is meeting with initial success- on
two fronts. Mortgage charges are
copiing down a bit, and the loss,
of gold to other countries has
stopped for the time at- least.
But the Treasury is still, knee
deep in an old-time problem:
need for more cash now to meet
rising bills. And the success of
Its first modest effort to stretch
out the maturity of the federal
debt is still to be seen, while the
major long- erm problem is still
very much with. it.
Tne trick is to bring long-term
Interest rates down as an aid to
economic recovery while keeping
short-term rates high enough to
discourage investors from sending
their idle money abroad for better
returns.
The results can affect such
everyday things as the cost of
financing your new home, the
Charge for floating bonds for a
new whool, the cost of borrowing
for business activity, whether
short-term to meet the current
payroll or long-term to expand
the plant
Many bankers concede the ini-
tial success of the attempt to
nudga long-term rates down and
keep short-term ones fairly
steady. But they maintain that
demand and supply forces in the!ing of rates-by the Federal Hous-;
money market itself had a lot to irig Administration and the supply-
do with it. And thev insist that;ing.of more funds by the Federal;
in the long run these forces, .rath-j Home Loan Batiks and the Fed-j
er than government action, willieral National Mortgage Associa-i
really decide how things" turn out.jtion. >
Home mortgage costs are a bit But still more of the drop in
lower than a vear ago in manyIcosts..perhaps is due to a decline;
areas. Part of this is due to shav- discounts asked by lenders.;
And bankers, say the reason for]
this is that the demand Tor mort-
gages easecj at a time when-the
Supply of money for lending,was!
increasing from natural causes, j
When it became easier to find
money for mortgages, it was hard-
er to get" discounts. , !
■ New corporate bonds can 'be]
sold now at rates' one-fourth tot
Sun Oil Reports
15 Per Cent Rise
PHILADELPHIA (AP)
Sun
ft£|one-hal! Per cent !ow*r than at
last year were 15 per cent higher1 -
the year. •
money rates have-
__ . , .... !either held firm or risen a bit
The big petroleum firm-in /tfiwith modest fluctuations ii'i the
Treasury's shortest-term bills.
Financial circles are watching
the Treasury's moves in the mon-
ey nfanket. It will seek $100 mil-
lion in" new cash Monday and from
billion to $1.5 billion in new
than in 1959, and "second only toi"1^,
the record earnings of 1056. 1 Short-term
n 'ts
annual report to' stockholders dis-
closed net income of $,49,272,(ttil,-
compared to $42,844,225 in '59.
Prouts in 1956,,highest in Sun,his-
tory, exceeded $56 million,
■The report said Sun spent $73
million for plant modernization last!money a bit later on.
•year, less than in 1959. but plans) Its .move to stretch out the fed-
to invest over $94 million during ?ral" debt by offering medium-
'6.1- ' ,jterm securities for some matur-
" Additional, spending for th e-ing in a 'year or so may have
drilling of wells to develop crude'met wijsh modest success-, bankers
.oil and natural gas reserves total-;feel. -Hut the huge amount .still
"led $33.5 million last year," the re-|coming due this year and next,
port said. This year nearly $37 mil-jhangs over it—and over the mpn-.
lion-is budgeted. . ey market. ;
HOW MUCH do You
'' ' . 'W V ■' • ' * • -. . ' "■ ' . ,IH. „■ < . I ...■ - 't , ■. X'X
asteww --M
..; Na Matter What You Spend You're
Sore to be More than Dollars Ahead at CONN'S!
'CONN'S :
Cnce-A-Year
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111
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HOME WANTED-1981
1'
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Kids grow up* Your kids. They'll need
homes to live ih.. . jobs to work at. And
something else as well —
A strong, fret nation—where their
right togei ahead under their own steairi
will always be secure'.
And theyll have it! The U. S. is geared
tb provide your children with the greatest
/ opportunities that any generation has
ever knowa
plenty of
: power for progress
4__ Oniji big reason the ever-growing
; abundance of electric power.
Most of it comes from the investor
owned electric companies, like Gulf States'. «'
These companies are looking far ahead.
They are building new plants and lines at
the rate of billions of dollars a year.
Gulf States, for example, this year will
Invest more than $45,000,000-to add to
and improve its electric generating facili-
ties. transmission and distribution systems.
When your kids are grown they will
Jiave all the power Ihcy" need — from the
investpr-owned electric light and power
companies.
did you
know thatf...
In 1959, Kuuia, whtrg the government con-
trol! th* power induttry, produced only
1,161 kllowollhourt per capita, a rat*
••ached by the U. S. In 1937?
•y companion, the li. S. produced 4,401
tilowatthouri per capita, olmoit tour timet
.oi much power for every mon, woman and
child?
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Browning, J. Cullen. The Orange Leader (Orange, Tex.), Vol. 58, No. 72, Ed. 1 Monday, March 27, 1961, newspaper, March 27, 1961; Orange, Texas. (https://texashistory.unt.edu/ark:/67531/metapth330553/m1/12/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Lamar State College – Orange.