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February 12, 1956

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Headlines from February 12, 1956

SIXTY-UNIT MOTEL NEAR ALBANY SOLD

By Unknown Author

The Mount Vernon, a sixty-unit motel three miles east of Albany, N.Y., has been sold by Neil Hellman to the Lillbett Realty Corporation of New York in a deal negotiated by the David Jaret Corporation of New York, leading hotel brokers. It was held at $400,000.

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PUBLIC'S CREDIT IS A-1 AT STORES; Retailers Eagerly Extending Several Plans to Promote Buying 'on the Cuff' PRACTICE IS HELD SOUND Consumer Debt Now 12.2% of Disposable Income, Only 2% Over Pre-War Level Bills Paid Promptly 60 Per Cent Credit Sales PUBLIC'S CREDIT IS A-1 AT STORES

By Glenn Fowler

dept and specialty stores promote charge acct and installment buying; hold debt level in line with consumers spending capacity; rept bad-debt losses below 1/2% of credit sales, repayments more prompt than in '39; H P Abrahms s to credit men's meeting detailing growth of credit sales vol discussed; NRDGA exec Trotta sees trend toward single plan combining charge accts and installment sales

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CASE INQUIRY TOLD OIL CONCERN HEAD WAS 'GIFT' SOURCE; Neff Testifies on $2,500-- Company President Says He 'Didn't Know About It' LINK TO VOTING IS DENIED Lawyer Asserts He Learned Senator Favored Gas Bill Before Making Donation Donation Turned Down $2,500 CASE 'GIFT' TIED TO OIL MAN Tie to Bills Denied Cash Transferred in Washington A Frank Answer Two Mysteries Solved

By John D. Morris Special To the New York Times

Superior Oil pres Keck testifies $2,500 donation came from his 'personal funds' which he entrusted to co atty Patman; says money was given to Neff by Patman without his knowledge; Patman, Neff corroborate testimony; admit knowing Case backed Fulbright bill but deny any 'strings' attached to contribution

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Notable Births

Arsenio Hall

1956Arsenio Hall, American actor and talk show host[†]

Arsenio Hall is an American comedian, actor and talk show host. He hosted a late-night talk show, The Arsenio Hall Show, from 1989 until 1994, and again from 2013 to 2014.

Ad Melkert

1956Ad Melkert, Dutch lawyer and politician, Dutch Minister of Social Affairs and Employment[†]

Adrianus Petrus Wilhelmus "Ad" Melkert is a Dutch politician and diplomat of the Labour Party (PvdA) who has served as a Member of the Council of State since 20 January 2016.

Brian Robertson (guitarist)

1956Brian Robertson, Scottish musician and songwriter[†]

Brian David Robertson is a Scottish rock guitarist, best known as a former member of Thin Lizzy from 1974 to 1978, and Motörhead from 1982 to 1983, replacing Fast Eddie Clarke.

Historical Context for February 12, 1956

In 1956, the world population was approximately 2,795,409,994 people[†]