Tuesday, December 17, 1974

Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

Page: 10

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Text Content of Page 10 of Cedar Rapids Gazette on Tuesday, December 17, 1974

Cedar Rapids Gazette (Newspaper) - December 17, 1974, Cedar Rapids, Iowa The Cedar Rapids Gazette: Tues., Dec. 17, 1#74 Businessmen Give Their Views do because the people in this    public should    realize    that    it, country want them ”    •    not just the corporation, pays William Martin, chairman    for ecology of Phillips Petroleum Co., be- Frederick Bissinger, vice-lieves the country urgently    chairman,    Allied    Chemical needs a federal oil policy. The oil industry is quite frustrated, he says. “We don’t know what is expected of us.” Martin also is concerned about the reporting of profits, “Why does the press not put in the return on assets?” he asks. To do so would be more meaningful, he suggests. It would demonstrate that profits aren’t exhorbitant. Herbert Markley, president, the Timken Co., says he doesn’t want to see business nationalized “The best interests are served by competition ” But, he continues, “there is a growing feeling promoted by all kinds of people that industry is at fault for all sorts of things.” Ecology As a result, Markley says, industry’s return of investment is endangered If the dogooders get their way, he says, everyone will get poorer. “We’re not against ecology,” he says, “but we can’t do it all at once.” In today’s society, he continues, the issues are hidden by complexities. If people know the issues they react intelligently, he says. The what he feels is a decline of religious influence The mirror image of business presented in the press, he continues, “keeps us correct.” A free press won’t exist, however, if we can’t have free enterprise, I^arry says. “A free press and free society — independent business — go together ” Food Business Harold A. Shaub, Campbell Soup Co. president, is given his three minutes to state his views, and he tis) exceeds the limit. “The food business probably has as many critics as any other industry,” he states. Shaub says he is concerned about misunderstandings. “The United States has the finest food producing system in the world,” he states, but he warns “we don’t have the capacity to feed the world.” Shaub says he opposed wage-price controls but that he thinks they’re coming. During the nation’s most recent testing of controls, he says, prices went up I percent a month. “The damn thing is counterproductive. ’ ’ Campbell does business in many foreign countries with wage-price controls “They’ve not worked in this country, not worked in other countries. We’ve got an education job to relationship out of synchronization. Profits Stanford Smith, chairman and chief executive of International Paper, opens bluntly: “We have honest differences with the press,” he says, "But we respect its intelligence and integrity.” He has before him a large notebook, carefully documenting his differences with the media. Smith is concerned with profits. "Industrial expansion must come from retained earnings, and retained earnings art* shrinking as a percent of gross national product,” he says, arguing that reporters should put earnings in perspective. This nation faces a capital shortage and it doesn’t help matters if the public thinks corporations are unconscionably profitable. “We need an understanding of profits,” he says. Profits are needed to attract capital. “Reasonable” Heath Larry, vice chairman of U. S. Steel Corp , says he doesn’t have many complaints about newspapers. “We’ve received reasonable treatment from the press in recent years.” He indicates he is probably more concerned with Corp. a disarmingly soft-    tion activities “Some of our spoken man, speaks his piece,    efforts make money for us. I I’m sorry to disagree with    can’t see any difficulty in some others, he begins, but    complying with pollution there is a return on anti-pollu-'    control.” Cunniff Kodacolor Enlargements Thrilling Color and Sparkle! A Great Christmas Gift! No Limit! Bring your negative    now—Save    Plenty! From Kodacolor negative only! government, religion, education. All relate to and depend upon the other, he said “One falls and another Is damaged.” One of the groups is growing faster and more independently than the others, Gaudion states. He points to the technology-economic box, which includes the business community, and suggests businessmen must understand they have helped throw the From Kodacolor negative only ACT NOW! J& 8x10 Kodacolor Enlargements each Si    ^1    SO    with coupon I    No Limit ■    Regular (3.15 Coupon good through Saturday Dec. 21 Ford s Son Tries To Be Ordinary Citizen representing my father, but my Dad and I disagree on a lot of things,” he said. Ford said his private life comes first and his public role second. “The country chooses a President, not a family,” he said. Two Reminders But .lack Ford’s private life now includes two inescapable reminders of the public role of a President’s son — two secret service agents, at least one of whom is with him wherever he goes. “I don’t feel quite as independent,’’ Ford said, although he added that “most people are not aware of them. They’re very discreet.” One setting that hasn’t changed much for Ford is his two-bedroom apartment near the Utah Slate campus, which he shares with three friends, just as he did before his father was nominated to be vicepresident. The apartment gives no hint of its inhabitant's famous relative except for a picture of .lack with his father on the mantel. Ford sa>s after he graduates in March he plans to open an environmental consulting firm with friends, doing environmental impact statements on recreational development and natural resource management. LOGAN, Utah (AP) - .lack Ford says he may have influenced his fathers presidential decision on amnesty, but the younger Ford savs he generally tries to “restrut my political attempts to that of an ordinary citizen.” In an interview. President Ford’s 22-year-old son made it clear he wants to be an ordinary citizen in other aspects of his life as well. "I haven’t suddenly been endowed with any special powers just because my father is President,” lack Ford said. .lack — a senior in forestry at Utah State university here — said he doesn’t want to take advantage of his position as the President’s son to push his personal ideas. Press Port-ava I Nor does he want press portrayal of the first family to infringe on his personal rights, “The press built up a very extravagant image of us as an all-American family,’’ Ford said “I think it was really exaggerated. I started to feel inhibited about what I did because I was afraid I wouldn't fit in with the image “ Ford said one of the biggest conflicts he has felt is that he sometimes doesn't feel free to speak his mind openly because people assume he supports everything his father does. “People take what I say as Next to Times Theatre The nation’s No. 1 killer strikes four out of five Americans every minute of every day, 365 days a year. There’s no immunity from this deadly contagious disease. Its fatalities are the young and old of every race, color and creed. Right now it’s spreading at epidemic proportions, gnawing at the very fiber of the general well-being and parching the roots of economic freedom for future generations. What are the symptoms? Rising prices, unemployment, hoarding, speculation, excessive borrowing, soaring interest rates, wasting of precious energy ... and finally, if not checked in time, the collapse of the American Dream. The name of this dread killer? You should know, you’re infected right now! That’s right—INFLATION. It’s up to every American to do their part in the fight against this economic parasite. LET’S STOP IT...BECAUSE THERE'S NO LIVING WITH IT. a rn- / item Theres dollying with inflation. 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