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August 9, 1963

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

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Headlines from August 9, 1963

MAHONEY'S WIFE ACCEPTED STOCK; 3,000 Shares in Finance Company Involved MAHONEY'S WIFE ACCEPTED STOCK

By Unknown Author

NYS Sen Mahoney's wife accepted 3,000 shares of Neighborhood Finance Co (NYC) stock in '59; M W Goldberg, co's main stockholder and ex-chmn, confirms stock was sent to Mrs Mahoney; says it was for legal services to co on banking and credit laws by Sen Mahoney; transaction revealed in NY Herald Tribune article; Goldberg and Mahoney deny they discussed legis passed in '60 that let small loan cos raise loan and interest ceilings; Goldberg says co was to pay Mahoney over period of yrs and he transferred 3,000 shares of own stock to him to guarantee payment; insists stock was not gift and that he is unable to get it back from Mahoney

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HIGH FEES SCORED; Stock Market Called Lax in Disciplining Its Member Firms Many Investors Lose Securities Study Charges the Contract Mutual Funds With Victimizing Investors SALES PRACTICES SHARPLY SCORED New York Stock Exchange Also Criticized as Lax in Disciplining Members Assigned Task Cited Criticism on Complaints

By Eileen Shanahan Special To the New York Times

SEC staff (M H Cohen) study final pert charges small investors are victimized by high-pressure salesmen for contractual mutual fund plans; urges SEC weigh outlawing this type of fund, under which investor signs up to buy shares over period of yrs but pays bulk of comma for whole life of plan in 1st yr (front-end loading); holds 1st-yr 'load' can run as high as 50% of what investor pays into fund; stresses criticism should not lead investors to drop contractual plan holdings; says underlying investments are not considered in rept

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Notable Births

Whitney Houston

1963Whitney Houston, American singer-songwriter, producer, and actress (died 2012)[โ€ ]

Whitney Elizabeth Houston was an American singer, actress, film producer, model, and philanthropist. Commonly referred to as "the Voice", she is one of the most awarded performers of all time. As a cultural icon, her chart achievements and music videos influenced the breaking down of gender and racial barriers. Known for her vocal delivery and live performances, Houston was ranked second on Rolling Stone's list of the greatest singers of all time in 2023.

Jay Leggett

1963Jay Leggett, American actor, director, producer, and screenwriter (died 2013)[โ€ ]

Jay Michael Leggett was an American actor, improvisational comedian, producer, director, and screenwriter.

1963Barton Lynch, Australian surfer[โ€ ]

Barton Lynch is an Australian former professional surfer known for his competitive prowess and style. In 1988, he was crowned ASP World Tour Champion. He also won the 1991 Rip Curl Pro. In 1998, he was inducted into the Australian Surfing Hall of Fame, and in 2000, he was inducted into the Australian Sporting Hall of Fame. The video game Barton Lynch Pro Surfing is named after Lynch.

Notable Deaths

Patrick Bouvier Kennedy

1963Patrick Bouvier Kennedy, American son of John F. Kennedy (born 1963)[โ€ ]

Patrick Bouvier Kennedy was the youngest child of United States President John F. Kennedy and First Lady Jacqueline Kennedy. His elder siblings were Caroline, John Jr., and Arabella.

Historical Context for August 9, 1963

In 1963, the world population was approximately 3,192,807,828 people[โ€ ]