On this day

July 1, 1948

Revisit the news, notable people, and historical moments connected to this date.

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Headlines from July 1, 1948

SHIFT AT MIDNIGHT; First Dimes Dropped in Turnstiles Noisily, but With Good Grace

By Frank S. Adams

Govt promises to pay $17 million claims of US Govt and its natls

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O'Dwyer Starts Busy Day at 6:22 A.M. After Tiring 9-Hour Flight From Puerto Rico; THE MAYOR RETURNS TO HIS DESK

By Unknown Author

Tanned, but tired from his ninehour airplane trip from San Juan, Puerto Rico, Mayor O'Dwyer returned to New York at 6:22 A.M. yesterday to tackle one of his busiest days at City Hall.

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FEDERATION URGED; Bid Made to Bulgaria, Albania Regarded as Defiant Gesture

By M. S. Handler

Premier Tito cheered on return to Belgrade

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MAYOR SIGNS LAW DOUBLING TAX LEVY ON BUSINESS HERE; Impost, Effective Today, Seen Yielding $56,000,000, Against $30,000,000 Last Year

By Paul Crowell

O'Dwyer signs bill doubling taxes on gen and financial businesses, after pub hearing at which Commerce & Indus Assn, Citizens Budget Comm and other groups assail bill; revenue estimated

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MAYOR DENOUNCES CHOICE OF VALENTE; He Opens All-Out War Against Nominee for Surrogate -Leaders Lose City Jobs

By Warren Moscow

Resigns as NYC Deputy Housing Comr

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Notable Births

1948John Ford, English-American singer-songwriter and guitarist^[†]

John Ford is a British musician. He has toured and recorded with Velvet Opera, The Strawbs, Hudson/Ford and The Monks.

Notable Deaths

1948Achille Varzi, Italian race car driver (born 1904)^[†]

Achille Varzi was an Italian racing driver. He is remembered as the winner of the 1933 Monaco Grand Prix, as well as the winner of the first Formula One Grand Prix at the 1946 Turin Grand Prix, and as the chief rival of Tazio Nuvolari.

Historical Events

1948Muhammad Ali Jinnah (Quaid-i-Azam) inaugurates Pakistan's central bank, the State Bank of Pakistan.^[†]

Muhammad Ali Jinnah was a barrister, politician, and the founder of Pakistan. Jinnah served as the leader of the All-India Muslim League from 1913 until the inception of Pakistan on 14 August 1947 and then as Pakistan's first governor-general until his death a year later in 1948.