European Stars and Stripes (Newspaper) - June 28, 1968, Darmstadt, Hesse June 28, 1968 the stars and stripes Page 7 incidence the Dollar abroad us. Jet went Down in East Berlin red hold up on crash data assailed York a in the american ring the Fiss skids to new lows and-3s some of its Gold Reto bolster us franc. Dollar s strength econ Here said stems from the if psychological shot in Given world financial a by Congress passage of Lime tax surtax coupled i a pledge for a big Cut m ral spending. Received this news with Lii durable Relief a Hig Tzur a Switzerland Bank official m this step is the declaration of intent on it of the United states. Drive for an Over Allim Lement of the . Balance payments u French reaction i in France which reportedly Ite sold Gold reserves Worth million to the Swiss a Bank to strengthen the .,.,. Franc Bankers Wel ipod the measure calling for a Ujj per cent surtax on corporate tin personal income and a $6 icon spending s financial times said Ike Bill demonstrated to Busi Ness opinion at Home and abroad that America was read to adopt unpopular measures in defense of the Dollar even in an election Britain s Pound Sterling theirld s no. 2 Reserve currency after the Dollar has been under almost constant pressure. The pressure became heavy enough so that the Pound was devalued a november a move which fur ther Shook Confidence in it. Ster Ling fell to new lows of $2.3831 int Ondon tuesday and $2.3829 in i Zurich. The tax hike spending Cut measure serves notice that we Are not completely irresponsible said Reynolds i. Nowell wee president and economist or equitable life Assurance i society of the . Us Gold Drain slows Supply at $10.5 billion Washington a the " of . Gold continued Dur May but at a slower pace1 n own of k a. Ii. a _ _ Washington a soviet officials in East Berlin blocked . Investigation of a 1966 jetliner crash which might have yielded important safety information the National transportation safety Board disclose wednesday. The Board said soviet authorities 1. Denied its investigators a Cess to the scene of the nov. 15, 1966 crash of a pan american world airways Boeing 727 cargo Jet about 10 Miles Southwest of Berlin s Tegel Airport in which All three Crew members were killed. 2. Two Days after the Acci Dent released the bodies and re turned part of he wreckage later determined to amount to less than 50 per cent of the total aircraft. The Board listed 12 major items As among the missing parts. The most significant were the cockpit voice recorder which taped the last half hour of conversation of the Crew and the flight recorder which contained taped data on the plane s Altitude Speed course and rat of descent. These devices introduced int general use Only in recent years Are Well cushioned an insulated and strategically located to withstand Shock an heat. In Many cases they have provided vital information As tothe causes of air transport Acci dents in which there were no survivors. Also missing were cockpit instruments including navigation and communication equipment together with the flight Engi Neer s panel the Board said. Safety Board representative said none of the missing mate rial had any conceivable value to the soviets. It was of the Type that has been in use on .-manufactured equipment for considerable periods. Soviet experts must have had Many opportunities to inspect such de vices in Normal service they added. Getting tanked the world s largest plane the air Force s c5 Galaxy has fuel pumped into it by three tankers Asit makes ready for engine runs and taxi tests at Marietta a. These will be Fol Lowed by a Maiden flight. A photo of a month earlier the trea a w million decline in the Gold Stock was the smallest since s january and reflected leasing from the specs Noher Awe buying of Gold in Europe earlier m the year. A lowered the total .g? apply however to $10.5 Jon by the end of May still to lowest since 1936. Though May the Gold loss tolled almost a record drop of $12 billion during March of the Gold i snet sales compared with a i0n durin Mon last january a Ance bought no . U $62 Gold officials said she Pur none this month. Giant nuclear reactor test is successful jackass Flats Nev. Up the world s largest nuclear re actor generated electrical Power three times the capacity of Hoover dam wednesday in successful High Power test. Scientists operated the Phoebus 2a reactor at High Power for 12 minutes at the nuclear rocket development station in this Remote area of the Nevada test site 110 Miles across the state from the famed Energy producing dam on the Colorado River. The test was seen As another step Forward toward manned voyages into deep space in which reactors such As the Phoebus would be used for Power. The reactor produced 4,200megawatts of Power about three times the maximum capacity of1hoover dam. As the reactor heated Hydrogen to temperatures near 4,000 degrees the expanded Hydrogen produced thrust of about 200,000 from the reactor apparently set fire to insulation in nearby shed but a spokesman at the space nuclear propulsion office said no serious damage occurred. Boycott charged on food Stamps Atlanta up Georgia state welfare director said wednesday some Rural Banks inthe state Are blocking the Federal food stamp program i efforts to Cut negro population in their counties and hasten Rural to Urban William h. Burson director of the state department of family and children services accuse the Small town Bankers of deliberately trying to sabotage our food stamp program these Bankers protected i their wealth by the guarantees of our Federal government take advantage of their positions of Power to try to promote then own prejudices Burson said in an revealed a list of complaints from his department files and accused the Banks of giving full service banking tothe Rich but not to the in Many Rural counties welfare departments Lack the staff to act As distributor or collector of food Stamps in such counties local Banks Are asked to handle the transact 1 food Stamps issued by the Normal prices. The Stamps reused As Money and the merchant gets his Normal Sal Price when the Stamps Are redeemed by him at a Bank Orother issuing Agency. Without the food stamp program Burson said Rural negroes in severe poverty face a minimum of food or from time to time no food at result Many experts in human migration studies say Isa mass movement to Urban centers where such food pro Grams Are available. The real truth is exploitation of cheap labor Burson said. In Many cases the real truth i politics. And in most cases the real truth is the unspoken decision to put no stumbling Block in the pathway of Rural to Urban in Milledgeville 90 mile Southeast of Atlanta All three Banks in the town refused Totake part in the food stamp program Burson said. He t, one Bank with j withdrawal of a $140,000 state miss. Farmer to pay $50,000 in Back wages Clarksdale miss. Up a Federal judge ordered a Mil lion Dollar a Yeav Mississippi Delta Farmer to pay $50,000 in Back wages to 200 negro employees wednesday in the first wage re covery for farm workers under the new fair labor standards act. Charges upheld judge William c. Keady up held labor department charges against Plantation owner Josephray Flowers including accusations that he billed negro ten ants As much As $70 a month rent when a reasonable Cost would have been $5 a month. Flowers owns nearly 16,00 1acres in Coahoma and quit Man counties in the Deli lands of Northern Mississippi. Most of the 12,000 acres he farms Are devoted to col ton and soya department of agriculture allow eligible poverty stricken families to buy food at less than beat Vee Down aisle City failing to pay minimum Vaes to his Field workers. Hie met mum farm wage that went into effect february 1907 was #1 a hour. It became $1.15 last Lehn Ary and climbs to $1.30 an hour next was permanently in joined in a court order Iron violating the minimum w �. Overtime pay 1 of a 1 lil a and child labor provision.1, of tin Law. I owns who had waived i a l. Bark to 64, Alaska s senior senator has been Hospital i de under intensive care Ait i suffering a heart attack. In f wages to the which in isl41 Tii distribute h amorim � i i turn Wilt Jas pm
