Cedar Rapids Gazette, August 14, 1974

Cedar Rapids Gazette

August 14, 1974

View full page Start A Free Trial!

Issue date: Wednesday, August 14, 1974

Pages available: 160

Previous edition: Tuesday, August 13, 1974

Next edition: Thursday, August 15, 1974

NewspaperARCHIVE.com - Used by the World's Finest Libraries and Institutions
About Cedar Rapids GazetteAbout NewspaperArchive.com

Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Pages available: 3,726,819

Years available: 1932 - 2016

Learn more about this publication
  • 2.18+ billion articles and growing everyday!
  • More than 400 years of papers. From 1607 to today!
  • Articles covering 50 U.S.States + 22 other countries
  • Powerful, time saving search features!
Start your membership to the world's largest newspaper archive now!
Start your genealogy search now!
See with your own eyes the newspapers your great-great grandparents held.

View sample pages : Cedar Rapids Gazette, August 14, 1974

All text in the Cedar Rapids Gazette August 14, 1974, Page 1.

Cedar Rapids Gazette (Newspaper) - August 14, 1974, Cedar Rapids, Iowa Weather- Chance of rain and Thursday. Laws to- night, mid 60s. Highs Thursday, upper 80s. YULLMK M.'MHKK 217 CITY FINAL 15 CENTS CKDAH KAPIOS, IOWA, WKU.XKSDAY. AUGt.'ST H, 197-) ASSOCIATED PRESS, UPI, NEW YORK TIMES FHA-YA Mortgag to _ 2 WASHINGTON (AP) _ The! cost of buying a home, particu-l lady (he crucial cost of bonow ing money, is pushing upward relentlessly. Rising interest rates for home buyers were reflected Tuesdaj in the government's decision to raise the maximum allowable rate on federally insured home loans to a record 9.5 percent. Tlie rate had been 9 percent for just over two months. The increase was twice the govern- ment's usual quarter of a per- centage point adjustment. Ceilings Raised Meanwhile, the senate Tues- day approved a compromise 511.3-billion housing and com- munity development bill that, among other things, authorizes billion in block grants for urban renewal, model cities, open spaces and other commu- n i t y development programs over the next three years. The bill also increases from! to the maximum j amount of mortgage loans that federally chartered savings and loan associations can approve. It also increases the ceilings for FHA-insured and VA- guaranteed loans on single- family homes from to The government's decision on the higher interest rate followed two other government reports detailing record interest rates. urks Advance on Cyprus; .S. Threatens Aid Cutoff in the northwest lo Nicosia and enveloped the on the eastern coast. ;British high commissioner's of- On Cyprus, the Greeks began1 (ice. falling back taking anti-aircraft; Ju.st befure Turkjsh bat erics with them as the Tur-jjct rocketcd NlTOia kish tanks and infantry uscd as (he for ,hc hrough the (.reek Cypriot lines j international Red Cross and behind heavy air strikes than 100 foreign newsmen. rolling artillery and mortar bar- Cyprus Radio said at least 28 i'aRCS' patients were wounded when j The Greek radio claimed j Turkish jets bombed a psychia- jthree Turkish planes had beenitric hospital on the southwest Greece pulled its down' bul ail' attacks con- outskirts of the capital. The forces out of the North through the morning at liULLETIN NICOSIA, Cyprus I AIM Tlie Turkish invading force .Hid the Greek Cypriul na- tional guard agreed lo a i ease-tire in lhe Nicosia area Vi eilnesday, a Li. N. spokes- man here announced. Areas oulsiiie the capital were not allcctcd. Gazelle Leased Wires Treaty Organization Wednesday points across the north- as Turkey launched massive ern o[ tllc islantl. Green Line Other reports said the Turks advanced 400 yards beyond the lurkey walked out of the Gen-so.called Line "dividing the Turkish and Greek quarters air, ground and naval assaults i on the Cypriot capital of Nico-l sia. Tclcpholo PRE-DAWN to attend a pre-dawn emergency session of the U.N. Security Council, representatives of the People's Republic of China show signs of needed sleep as they listen to Cyprus Ambassador Zenon Rossides. At left is Chinese Ambassador Huang The others are un- identified. Ford has signaled his The first report showed thatltention to stay out of any deci- raised the issue with Ford only WASHINGTON (AP) Pres- the effective rate on conven- sion to prosecute Richard Nixon tional loans those not insured L Watergate crime, by the government increased Pg to 8.97 percent for new homes in I lhe Presldellt indicated that July and 9 percent for previous-] ly Occupied homes. From S200 to The higher interest rates, higher prices and more restric- tive terms mean the average cost of buying a new home has increased from a purchase price of with down and payments of, 5200 a month in March 1973, when the current surge started, to an average price of with down and a month in July. he would leave it up to special Watergate prosecutor Leon Ja- worski to decide whether to seek an indictment against the former President, Attorney Gen- eral Saxbe said Tuesday after a private meeting with Ford. "Jaworski's Area" "He made no statement on it, but I got the feeling that it will just run it's course, that he has no intention of intervening one briefly during a session sched- uled to inform the new Presi- dent about pending justice de- partment matters. "I told him that this was in Mr. Jaworski's area, that it would just have to run its the attorney general said as he reaffirmed his own intention to leave Jaworski free to decide the issue. Legal experts familiar with the Watergate investigation say Nixon could face a gamut of criminal charges ranging from obstruction of justice to subor- named Nixon as an unindicted co-conspirator after being told of the doubtful constitutionality of, an indictment against a, sitting President. Prelude: Ash WASHINGTON (UPI) Bud jget Director Roy Ash said Nixon's resignation dnesd ay that Presiden Ford's proposal to re-create the Cost of Living Council was nol intended as a step toward a re- him of that shield. Pardon Not Discussed Jaworski has said nothing about the possibility of charges against Nixon. On the eve of Nixon's resignation, the prose- cutor said there was no deal promising Nixon immunity if he quit the presidency. Ford has the constitutional nation of perjury for his role in authority to pardon Nixon lot- scandals. jany Watergate crimes even be- grand jury that indicted formal charges and a trial. Nixon's one-time advisers on Saxbe said he and Ford did not way or the Saxbe told re- porters. The second report general said heforges of obstruction of justice dismssThaYposlibility! interest rates would continue to! _ _ j Asked whether Ford is con- sidering pardoning Nixon. White House Press Secretary Jerald rise for home buyers, probably! Pnljr to 10 percent or so over the four months. The shape of things to come was in the results of the auction of home loan commitments re- ported by the government's at Bank; 2 Caught NEW BERN, N.C. (AP) Authorities say four men who Cove City; and Melvin Dale Walker, 35, Merely, Mo. terHorst said, "I'm not aware that it has come up." He told reporters, "The Pres- ident is not keeping that ques- McCoy was convicted in the nation. He feels it's very 1972 of hijacking a United Airj'mPortant that the country (Continued: Page U, Col. 3.) Federal National a Pollocksville, N.C., Assn. jbank were convicts who escaped The FNMA, known as Fannie: from the federal prison a' Lew-jLines jetliner and bailing out of Mae, commits itself periodically iisburg. Pa., last Saturday. :it with in ransom after to buying a certain number of; of the bank robbers were the plane had made a landing at' mortgages over the next four! taken into custody after the'Denver on a flight from New-' months, selecting from among1 heist at the Bank of North Caro-ark. N.J.. ID Los Angeles. He the lenders who offer the best'l'na on Tuesday and law cn-iwas sentenced to 45 years in return. :forcement officers were en-prison. Fannie Mae said the in a massive search for- Thc former Mormon Sundav auction produced an average; the other two. ischoc! teacher had been a heli-i yield of just over 10 percent for; Officers said three men: copter pilot in Vietnam loans insured by the Federal j walked into the bank and took: The other three men were1 Housing Administration estimated S10.000 at gun-j serving time for bank robberv i Veterans Administration. then fled in a car average rates for a fourth man. loans was about the same. c Spotted by Copter Points Officers said the getaway car. Those rates might not hold stolen in New "Bern, in the market place, but they i was abandoned about five miles usually do. north of Pollocksville. And at 10 percent, that means. Th said ,hc I-HA-VA home buyers and to another car wjth ers would have to pay about tags was i Continued: Page 3, Col. 2.) :sequently spotted by a police -----------.....----------------------i helicopter on an unpavcd leg- road in the Great Dover about 15 miles west of ition on the top of his priorities Today's Chuckle Now there's a deodorant that promises protection around the clock. It works, too. Notice how seldom you find a smelly clock these daVS? CoayrW r turn to wage and price controls but rather a way of avoiding them. "In considering this proposal, I think we must always keep in mind our past experience with mandatory wage and price con- trols, so that we do not repeat our past Ash said in testimony to the house banking committee. "Our experience with con- trols in the past has demon- strated that government can- not simply put a lid on infla- tion." He indiealed Ford did not want any tougher agency than the relatively mild proposal of former President Nixon with- out rollback authority or sub- poena power. eva peace talks and its armor broke through Greek Cypriot lines east and west of Nicosia. Greece in turn summoned po- litical leaders to discuss the possibility of war with Turkey. The U.S. government warned Greece and Turkey that their military aid from the U.S. will be cut off if they go to war. A U.N. spokesman said three U.N. soldiers were killed and 22 wounded in the latest fighting. The International Red Cross declared the Hilton and Cleopa- tra hotels and the Kibis clinic in Nicosia as safety zones, ant said the combatants agreed to respect them. However, fighting continued around the city. A broadcast from Nicosia sale Turkish forces had captured the Nicosia airport and were en- circling the Cypriot capital. Greek Controlled? The announcement of the cap- ture of the airport came on the previously Greek-controlled Cy- prus Broadcasting Co. station. The station suddenly went ofl the air, and eight minutes later returned with brief appeal in Greek for give up. same hospital was bombed by Turkish planes July 20, and 30 patients were killed. The air strikes sent thousands of refugees streaming out of the city toward the south and drove U. N. peace keeping forces from Greek Cypriots to "Greece cannot do anything for the radio said. "Give yourselves up to the Turkish forces." In northern Greece, witnesses reported brand new tanks on flat cars and trains moved through the night and early Wednesday in the direction of the Turkish border. A i r space over Turkey, Greece and Cyprus was closed with the new outbreak of fight- ing on the Mediterranean is- land, and telephone and telex lines to Cyprus were cut off. U. N. Resolution The U. N. Security Council met- at a.m. CDT and in ess than 10 minutes unanimous- y adopted a British resolution calling for a new cease-fire and of the Cyprus peace alks. In Ankara, Premier Bulent The banking commitlee wasiEcevit said Turkish troops on (Continued: Page 3, Col. 7.) Ford, Kissinger Meet On Cyprus Fighting WASHINGTON (AP) Fac ing the first international crisis of his infant administration President Ferd conferred with Secretary of State Kissinger Wednesday on the new fighting in Cyprus and then met with veteran Soviet diplomat. The Oval Office session with Soviet Ambassador Anatoly Do brynin was not announced in ad vance. It followed an early morning White House meeting between Ford and Kissinger. or, the latest crisis in Cyprus. It was unclear, however whether the Dobrynin meeting was linked to the Cyprus devel opmcnt. The Soviet envoy wa, in his home country when Nixon resigned and Ford assumed thi presidency, and informants re ported earlier in the week tha he had returned with a persona message for Ford from Soviel Leader Leonid I. Brezhnev. Self-Sacrifice Turning to economic prob- lems, the President also addec a meeting with Sen. Long (D- La.) to his crowded schedule, urging an "atmosphere of self- sacrifice" to help deal with in- flation. "The President and Secretary Kissinger in their daily consid- eration of urgent international matters have been spending con- siderable time on the question of Press Secretary Jerald terHorst said early Wednesday. "As you said tcr- iorst, "Secretary Kissinger has )een attempting through Ameri- can and his own diplomatic con- tacts in the Cyprus area to prevent a breakdown in the ne- jotiations. The secretary of the presidency, Ford invited the executive council of the Na- tional Governors Conference to seek their views on inflation. Fifteen leading mayors were to follow the governors into the Oval Office to discuss critical urban problems. Middle East The President also will take time out for a review of Middle East developments when lie holds a working luncheon with Egyptian Foreign Minister Is- mail Fahmi. TerHorst told newsmen it would be fair say Ford was putting the Nixon administra- tion economic policies of indi- vidual self-restraint and govern- ment spending cuts under close scrutiny as he develops a "Ford program." Terhorst reported that Ford had told a private meeting of lower-level administration of- ficials that inflation was the na- tion's No. 1 problem. TerHorst said Ford told these aides that he did not expect to come up with any instant pan- aceas, but "at least there would be a Ford program." "New President" Reminded that Ford had the ;ame economic advisers who 'ormulated Nixon policies, ter- ilorst said Ford "has told them that the country has a new who expects to have lis own inputs and perhaps come up with some new ideas. It was clear that Ford will vait to convene his domestic lummit meeting before he pro- duces a program of his own to combat inflation. Ford, in the spirit of concilia- ion, held a surprose meeting 'xpected to quickly approve [Cyprus intend only to gain con-iverv today ?ord's request to revive the trol of a "fair share'' of terrilo-i f council, which died' when wage- price authority expired April 30, minus any enforcement power. The senate banking commit- ee takes up the matter Thurs- day and final passage of the bill s expected next week. ry for the Turkish Cypriols and! Ford had planned lo conccn- not the entire island. i tralc on domestic programs He was believed to be refer-! Wednesday in a series of ring to the northern part of Cyprus, a region cut off from1 state and the President AFL-CIO President George o watch the Cyprus situationjMeany Tuesday. Mcany, who j became a hitter foe of Nixon, had not been to the White House for more than a year. "The President hopes the meeting will serve to help the Ford administration establish good relations with the AFL-CIO meetings with governors and mayors. the south by a line running from1 Trying to touch all bases injand with a great labor lhe Turkish village of Kokkina the brief time he has served initcrllorst said. 725 Tiny Foresters Come to Aid Of 200-Year-Old Redwood Today's Index Comics Crossword Daily Record Deaths Editorial Features Farm Financial .Marion .Movies Society .Sports Stale Television Want Ads liA, .71) 70 3A 7A 81) II! 10H-12I! 1D-GI) IC-.'IC IOD-13I) MILL VALLKY, Calif. lAl'i A band of pint-sized foreM- ers is struggling lo the life of Little Brother, a mam- moth. 200-year-old redwood tree in northern California's Muir woods. Last winter, flood waters with the fugi-j from ;i nearby creek under- abandoned the; mined the shallow roots of the 100-foot tree and it appeared in danger of toppling. The 125 children, ranging in aiie from 5 to l.'i. discovered the l.'ireat to the redwood, whiih measures 21! !eet in cir- Officers aboard the helicopter! exchanged fire i lives as they vehicle, police Officers said no one was hit in the burst shots. Arrested later as some 50 of- ficers sw armed into the area iwere Joseph Havel, fio, Philadel- phia: and Larry Lelioy Bagley.1 cumference, while on an out- Des Moines. Iowa. ing from Mill Valley's Ilill- i Former Hijacker Still being sought were Rich- ard McCoy, jr., 32, of nearby Academic cla early last month. Since then they have been working in shifts of about 15 and three days a week to save the (crest giant. Using adult tools shortened to their length, the little woodsmen first restored the soil washed away last winter. Now they are building four stone dams on the creek which will divert the stream flow away from the tree. They also hope the dams will allow soil carried by the creek to build up and form a natural ViiTier against future erosion >f the root area. "I've never .seen the chil- dren .so happy and .says Mary Libra, director of the Hillwnod fdiool. "They call the tree Little Brother. To them this is a project lo save a friend. "When you ask (hem why they're helping Little Brother they .say because he's a living thing and wants to live like we want lo. Thcy say I hey wanl to bring liieir grand- children here some day to show how they helped save him. The area where Little Brother is growing has been added to Muir woods national monument by congress, but it will nol be officially under government ownership until late fall, preventing the interi- or department from slrpping in In help the tree until that lime. Mrs. Libra said the .school asked for and received a Sfifil) grant from the Hank of America to purchase the stones used for the Children work on of Little Brother's roots ;