Cedar Rapids Gazette, September 23, 1974

Cedar Rapids Gazette

September 23, 1974

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Issue date: Monday, September 23, 1974

Pages available: 48

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Cedar Rapids Gazette (Newspaper) - September 23, 1974, Cedar Rapids, Iowa cloudy iwiih of Uws if, llS Tuesday, CITY FINAL 15 CENTS CKIMIf RAPIDS, lOWA, MONDAY, SUI'TEMBEK 23, 1974 ASSOCIATED PRESS, UPJ, NEW YORK TIMES DETROIT (AP) _ Raising a warning flag for. Arab oil pro duccrs, President Ford declared Monday, "Sovereign nalions cannot allow their policies lo be dictated, or Ihcir fates dccidec by artificial rigging and distor- tion of world commodity mar- kets." In remarks prepared for the ninth annual World.Energy Con- ference here, Ford said: "It is difficult to discuss the energy problem without lapsing into doomsday language. The danger is clear. It is severe. I am nevertheless optimistic. The advantages of cooperation arc as visible as the dangers of confrontation. And Ihat gives me hope as well as optimism." "Gone lo War" Ford underscored the strong- est language yet used by an American President in discuss- ing lire consequences of massive price hikes by oil-producing na- lions with a reminder that "throughout history, nation s have gone to war over natural advantages such as water, or food, or convenient passages on land or sea." But he said that in the nuclear age war presents unacceptable risks for all mankind because "any local conflict may escalate lo global catastrophe." Outlining five principles thai he said could guide inlorna- lional cooperation in meetinp energy problems. Ford listec (his as his final point: "A global strategy musl seek lo achieve fuel prices which provide a strong incentive tr producers but which do not seriously disrupt the economics of the consumers. We recognize Ihe desires of the producers lo earn a fair price for their oil as a means of helping lo develop Ihcir own economics. But exor- bilant prices can only distort Ihe world economy, run the risk of worldwide depression, and threaten the breakdown of world order and safely." "Surely Monumental" Ford listed these other four principles to guide a task lie described as "surely monumen- tal." "Firsl, all nations must sock lo increase production, each ac- (Conlinucd: Page 3, Col.-I.) Rocky: Family's Power Over Economy a 'Myth' WASHINGTON (AP) Ne son Rockefeller said Monday is a mylli" that his family excr cises vast economic power an added that he sees no confli posed by the vast financial hole ings which brought him nearl million in income over Hi past 10 years. "There could 'be no conflic with anything because my sol purpose is to serve m the former New Yor governor declared. He spoke as his vicc-prcsiden ial confirmation hearing opened before the senate rule committee. Potential Conflict Rockefeller was questione( jy Chairman Cannon (D-Nev. about the potential conflict o ntcrcst which could result from decisions he might make a; 'ice-president or President. He responded that the bulk o bis income comes from trusts over which he exercises no con rol, saying "this myth abou he power which my family ex rcises needs to be brought ou nlo the open." "It just doesn't Rock- efeller said, noting that he doesift "occupy myself to even read the list 'of securi- ties" but leaves financial man- agement "lo the very able hired by his family to manage their affairs. lie cilcd accounts about Ihe ntcrconnection of Rockefeller nlcrcsts, declaring that "there sii't this network of control thai s popularly imagined." C ;i n n o n described Rocke eller's declaration Ihat public service is his whole goal as very laudable but said the committee must deter- mine the impact of "this vast economic power which you say you do not have." Pardons Question Cannon also raised the ques- tion of presidential pardons, no- ting that President Ford had declared at his vice-presidential hearings last year Ihat Ihe country wouldn't stand for such He asked Rockefeller if he as President, would pardon a Pres iclcnt under criminal invesliga Jon. "My total inclination is to say Rockefeller re- plied. He added Ihat he didn't feel "I should say at this point thai I will amend Ihe Constitu- tion of (he United Stales" by saying he would take an ac- tion "circumstances of which 1 don't know." Rockefeller said a revised ac- counting shows that he and his immediate family have assets totaling million, most of it in trust. The figure, he said, includes million in trusts for wife and children that were not included in previous statements of his financial worth. In a statement prepared for the opening of senale rules com- mittee hearings on his nomina- tion, Rockefeller made public a number of long-secret details of his family's vast wealth only hinted at the true magni- tude of Ihe Rockefeller empire. Blind Trust Rockefeller said he would put Ihe trusts, and his own securi- ties worth about million, into a blind trust "for the duration should congress request." He did not detail the ful amount of the Rockefeller fami y forlune, but if his persona loldings are any indication ol he wealth of other members, il could easily exceed billion. The major disclosure about the family fortune was that (he descendants of John Rock- efeller, jr., his father, own or have in trusts oil company stocks totaling million, based on their value last Fri- day. He. pointed out that in no case did this constitute more than wo percent of the slock in any one oil company, debunking the nyth lhal the Rockefellers stil own Standard Oil, the origin o: .he family fortune. The Rockefeller hearings arc expected In continue into next veck, and the full senale is cx- >ecled to vote on his nominatior icfore the Oct. 11 adjournment late. The iiouse is not planning o lake up Ihe nomination until fter election day. Cannon, interviewed on Sun- day on the CBS program Price Drops Expecfed By Unilcd Press International Such skirmishes were report If cars are lined up for jn portions of Michigan am al service stations this winter, it bul did nol appcal will be because of jargaingasc- Q line prices, nol shorl gas sup- Gasoline dealers, auto clubs and slate fuel officials polled by UP! report that there should be no recurrence of last winter's short supplies and long wailing lines at the nation's gas sla- lions. Gas, they say, appears plentiful and prices arc going down. Though Ihe all-mil, price- slashing wars remained only a memory over most of the na- Arizona .Fuel and Director C. W. Myers, however, reported that dealers may sel off price wars in an effort lo gel rid of surplus gasoline. Bul he said such wars probably woulc last only Iwo lo three months. But even without wars, gas prices were declining and sup- plies were at least adequate. "Hack lo Normal" W e v e discontinued our weekly reports of supply short lion gas prices, which skynick- weekly reports of supply short, ctccl' during Ihe energy crunch, at gas sin ions because the were in most parts ofLsilualioii is back lo normal and opf Ihe country. Long lines of cars queued up al liocco Minclli's service sta- tion in Pittsburgh last week lo fill their tanks, ini' In do with a .shortage. Mm- I'ti'i was .selling gas for cents as inui'h as six cents a l Decline month for Ihe hill ropnrlod have broken mil service we don't foresee any problems this winter concerning gas sup- ply shortages, long lines of cars at slations or limited hours of a spokesman for Ilic Minnesota Automobile Assn. .said. The California Automobile club expressed a similar view. polled also indicated thai Ihere should he adequate supplies of fuel oil lo meet residential and commercial healing needs. "In short, UK. energy crunch is still here, but we're dealing with it nml wo have Ihe silua- "Facc the indicated the extent of holdings by Roc- kefeller and his family pose problems for congress. He said his committee will oint out and list Rockefeller's ssels, "but obviously (his is not going lo get to (he real root of Ihe problem, which is Ihe tre- mendous economic power lhal Ihe Rockefeller family exer- cises, through lax exempt foun- dations, for example." Cannon, who last Novembe presided over the hearings be fore President Ford was con firmed as vice-president, wa asked whether he had "any con fidcncc" in asking Rockcfellc his views on issues in view o Ford's decision lo pardot former President Nixon aflci saying during Ihe hearings the country wouldn't sland for it. "Precise Questions" Noting Ford's recent state- ment that i't was only a hypo Ihclical question when he les lified, Cannon said "I expect to p i n Mr. Rocke- 'cllcr down and have him as sure us Ihat the questions thai we pose lo him arc not hypothetical questions bul are precise questions Ihat woulc )car on whether he were 01 were not appointed." In Ihe candid, and frequently liglily personal 72-page slntc- ncnl. Rockefeller lolcl more han had ever before become inblic about his wealthy family, Deluding: His grandfather, .1 o h n II. iockcfellor, and his father. .lohn X, jr., gave away a lolal W Tclcpliolo DEVASTATION A Honduran girl surveys the wreckage of what was once her neighborhood in the aftermath of Hurricane Fifi. Storm luring their lifetimes. Rockefeller said he has paid ;fii) million in luxes during his ifelimc. In the past 10 years he ins made million, deducted 'harilable. conlribiilions of SAN PEDRO SULA, Hondura (AP) Rescue workers ar burning the dead left by Hurri cane Fifi in northeast Hondura; lo prevent outbreaks of discasi idding lo the loll of one of tin worst catastrophes in Centra history. As refugees began straggling lack lo (heir devastated towns ind villages and relief supplies 'tarled to arrive from abroad officials said at least bodies had been found. They timaled this loll would double when all reports were in. They said the storm, which hit the region wilii winds of 110 lo 130 miles an hour and torrential rains on Thursday night, drove persons from Iheir homes, wiped oul mosl of the banana crop and virtually de- stroyed the cities of Choloma, Omoa and Trujillo. Still Stranded Floodwaters turned the rich Ulna river valley from San Pedro Sula lo Ihe coast into a lake 20 miles wide at some points. Thousands of persons ivcrc reported slill stranded on rooftops or in trees, but a short- jackets, food, drinking wale age of helicopters and fuel de- layed Iheir rescue. Officials reported thousands of poisonous green and black Fcr-De-Lancc snakes swimming onto crowded rooftops to attack families seeking refuge from Ihe churning flood waters. Colonel Rutai Villanueva of ha National Emergency Relief Committee said damage from he storm was estimated at million in Ihe San Pedro Sul; alone. An executive ol United Brands, one of Ihe two najor producers of bananas he country's chief export, es- imalcri Ihat 90 percent of the Top was destroyed.. A U. S. military officer in Tegucigalpa said most of an cs- imalcd 70 Peace Corps volun- ccrs in northern Honduras were afe, but 10 were slill unac- ounted for. The first planeloads of cmcr- cncy aid, including a complete eld hospital from Cuba, ar- ivcd al nearby La Lima airport n Sunday. U. S. air force C-130 brought boats, lifc- 3y Al Swcgle Killing frost hit Northeast :owa Saturday and Sunday nights, but crop observers bc- jacco rd i n g lo Ihe.wcathei 'bureau. In Winneshiek and Allamakee counics, a killnig frost usually comes by Sept. 25: Sept. 30 in ieve soybeans were hurt by the and Dubuquc rost more Ihan corn. counties; Oct. T> for Delaware said. (Continued: Page II. Col. Chuckle Sign in a. nuiiisl c a in p: and niejil. Wo Iowa Deputy Agriculture Scc-pid Buchanan; and Oct. 10 for clary Thatcher Johnson i ring to the lown Crop Reporting nilial roporls indicate mosl he damage confined In llu-r f lorlh centra and northeast Linn cf lllc slillc- county extension offices indiealc lhal most of Iheir counties re- ceived a thorough killing frosl. "Only one farmer has report- ed less Ihan a thorough kill Ihis Bob Hall of Man- chester, Delaware couniy exten- sion director, said Monday. Safe from Frost Hall estimated lhal. 7.1 percent of the corn crop in Delaware vill conduct surveys to deter- nine Ihe extent of frosl damage vcr Ihe weekend. New Records Marly Sunday morning Ihe [Miiperalure dropped lo a cool 20 degrees in Cedar Hapids.j (our degrees colder Ihan Ihe previous all-time low for Ihe dale sol in 1027, Mondav niorn- ucvor clothe. dale sol 102 Monday morn-mm Soclely ings low of lied the ,hi, Sports low or I his dale.set ,n till county oxten- While Cedar Unpicks has had a i 50 Television killing frost as early as Sept. 18.i Want Ads and other emergency supplj from the Panama Canal Zone. Sent Helicopters The U. S. also has sent truck and helicopters, despcratel iccded in the search for stranc ed persons. Mexico sent 1 Jlancs. Cosla Rica's minister o lealth sent a field hospital. Vei ezucla, El Salvador and Gua emala sent medical aid an' rescue workers. Villanueva said Choloma, i lown of was 95 percent de slroyed; Omoa, a lown of on (he coast, was 90 percent de slroyed; and the port of Trujii lo, which had people, wa totally destroyed. Two offshore islands Util and Jose Santos Guardiola still had nol been heard from Villanueva said. He said a third Roatan, with a population o was 80 percent destroyed. Rescue workers in Choloma said they had counted bodies. Their faces masked 1 g a i n s t the stench, the) searched the wreckage foi corpses, then poured gasoline or hem and set them afire. The sun came out on Sunda) or the first time in a week, anc inndrcds of persons relumed to he wreckage of Iheir homes lo uok over Ihe damage and start rebuilding. New Path Men shoveled mud through the windows of Ihe church on Ihe main square of Choloma. Isabel Fernandez lold of her fa- ther's death when the Choloma river changed course during til' hurricane and washed away hundreds of houses as it carved its new path. "II was 4 a.m. and we were (Continued: Page 3, Col. II.) Today's Index Comics Crossword Daily Record Deaths Editorial Features Farm Financial Marion Movies jlhc average is about Oct. 12. (Conlimiod: Page II, Col. 8.) (i ....10 ....18 .....9 .10 .....8 .13-15 11 19-23 BOSTON (AP) Scnafoi Kennedy said Monday he would nol be a candidate for President or vice-president in 1976. "I will not accept the nomination. I will not accept a he said, adding: "My primary re- sponsibilities arc at home." 'The Massachusetts Democrat said his decision was final unconditional. He said, "I would be unable to make a full commitment lo campaign for the presidency." "One basic fact has became increasingly clear to he said. "From the campaigns of my brothers before me, I know that seeking the nation's highest office demands a candidate's undivided attention, and his deepest personal commitment. Wife's Health Kennedy, 42, brother of the late President John Kennedy and the lale Sen. Robert Ken- nedy, both of whom were as; sinalcd, said he made the deci- sion after discussing it with his wife. He made the announcemcnl a a Boston news conference. Hie wife Joan, who has been in res homes twice in recent months was at his side. Kennedy said he cxpcctet Ihat he would have been able t win Ihe Democratic nominalioi if he had decided to seek it. "Real Question" Kennedy said his announce ment "will permit others win have been interested in gaining the nomination the chance foi exposure during this cam- paign." He said, "The real question before the people is who's going lo come up with some solutions to our economic problems." Asked what effect the Chappa- quiddick incident of 19C9 had on his decision, Kennedy said; 'This decision would have Jeen made irrespective of the tragedy Ihat happened in 1969 Were I to run, it would have wen a factor lhal would have >een raised." Mary Jo Kopechnc, a former secrelary for Robert Kennedy, vas killed when a car driven by