Abilene Reporter News, April 27, 1974

Abilene Reporter News

April 27, 1974

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Issue date: Saturday, April 27, 1974

Pages available: 160

Previous edition: Friday, April 26, 1974

Next edition: Sunday, April 28, 1974

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Abilene Reporter-News, The (Newspaper) - April 27, 1974, Abilene, Texas WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES-WE SKETCH YOUR WORLD EXACTLY AS IT 93RD_YEAR, frO, 314; PHONE 673-4271 ABILENE, SATURDAY MORNING; APRIL 1974-FORTY PAGES IN FOUR SECTIONS Anociateii Prtit (Fl CM Profits Drop Gains Anticipated DETROIT (AP) General Motors, reeling from effects of (tie energy crisis and a de- pressed economy, reported Friday that profits during the first quarter of 1974 dropped' 83 per cent from lust year to million. Sales during the period to- taled billion, a 27 per tent decline from the first three' months of 1973, GM said. Despite the poor perform- which financial analysis had expected, Git executives predicted a sharp increase in earnings and sales during the next three months- "Welcome strengthening of the market came too lale to improve first-quarter said GM Chairman Richard C. Gerstcnberg and President Edward N. Cole. "As the economy strengthens 'in the months ahead and consumer confidence returns, so will car buyers." The million profit mark, or 4i cents a share, compared with ?817 million, or a share, reported during the first quarter last year. GM's 1973 profits of bil- lion was second 1 urges! of all U.S. corporations, trailing only oil giant Exxon. G e r s t e n b e r g and Cole Warned 'the sharp drop in earnings to "unremitting in- creases in costs'1 and reduced sales of large-size automobiles which industry spokesmen liad blamed on (he crunch in gaso- line supplies. "During the first quarter, we were forced to trim pro- of full-size cars, and to inten- ductioii1'schedules, especially sify all our merchandizing ef- they said. Domcsiie truck sales were down 10 per'cent from first quarter 1973, while overseas sales declined 20 per cent. GM' said worldwide factory sales of 1.63 million cars and trucks during the- quarter were down 32 per cent, from the record 2.4 million pro- duccd In 1973. GM also released figures showing domestic passengcr- ear sales down 46 per cent from the quarter last year, to to 1.48 million cars. The company's earnings were in line with forecasts by Assassination Try Coming unglued? in Lonny Brown of Clarendon Cflllege is having a little trouble hanging onto his bronf'in the Friday perform- ance of the Hardin-Simmons University Rodeo. Bill 'Weeks is (he judge. (Staff Photo by John Dayis) Haldeman Fund Revealed Ex Aide Claims Money Used torCashGifts By HARRY F. ROSENTHAI, Associated Press Writer WASHINGTON (A P) While he was President Nix- on's chief of staff, H.R. Halde- man maintained a fund from which he dispensed cash gifts to White House employes, a former aide says in newly sur- faced testimony. Lawrence M. Higby, now in the Office of Management and Budget, said the money was in a 2-inch-thick stack of ancl that was kept in Haldeman's safe. The testimony, given in a Watergate civil suit deposition last December was unsealed Friday by U.S. District Judge Charles R. liichey. Higby said he understood the N money was given .to Haldeman late in 1968 after Richard Nixon's election as president "to be passed on to those members of the staff who needed funds" for moving expenses. That would make it a differ- ent money cache from the that Haldeman ofr tained on April 6; 1972 from fundraiser Herbert W. Kalni- bach who had the money left over from the. 1968 campaign. Some of that fund eventually went to the Watergate .break- in Higby said he personally disbursed of the moiiey. to two. men when'they left the White House. He said they were Bill Gavin' and Harry Dent, one receiving the' other "Other people received mon- ey from that Mr. Haldeman Higby said. "To my' knowledge other peo- ple did receive money from Mr. Haldeman, as "1 under- stood it, before we ever were in the White House." Q. Do you know from whom he' received it? A. No sir, I do not, not with any certain knowledge. Q. Would it have come from Mr. Kalmbach? A.' I don't believe so. I think you should ask Mr. Haldeman. Q: Do-you know how much money Mr. Haldenran had? A: No" I do' not. .Judge Richey deposition, taken last Dec. 11 and 17, after-a request from the House -Judiciary tee that asked judges in Wal- ergate-related cases to supply it with secret testimony for ils impeachment inquiry. PHNOJr PENH. Cambodia (AP) Premier Long Boret narrowly escaped death Fri- day.nig'ht in.an apparent assa- sination attempt during a wed- ding reception in the heart of Phnom Penh, military, police on the scene said.." An unknown assailant or as- sailants apparently hurled a hand grenade which killed at least nine persons and wound- ed 14, but the minister' es- caped injury, the police said. ;The assailant, or assailants lied, police added. The incident occurred at a reception given by a promi- nent banker for his daughter. The premier was a guest'of .honor at the celebration which apparently was atten-'cd by othe rmembers of: Phnoni Penh's elite, sources said. But police caid no prominent person was killed. The explosion occurred shortly after 0 p.m. as Long' Boret got into his car tp leave the party at the.home of Seni Phum, the general manager of. file Agricultural Credit Bank, police said. The party was held in the front courtyard of the bank- er's home. The was smeared with Hood after the explosion, police said. Long Borcl, 41, was named premier last December after leading a successful United Nations fight to keep the Phnom Penh government's seat in the General Assembly. A group of Communist and nonaligned nations had moved to replace Lon Nol's govern- :mentin Phnoin Penh with that of the government in exile of Prince Norodom Sihanouk. The apparent assassination attempt was'the first against a top government official here since Dec. 18, when a Khmer Rouge terrorist threw a hand grenade at the car of the de- fense minister. The minister escaped injury. slock market analysts, svho cs- limalod GM would earn only 25-50 cents lor tlie- period. The automaker's per share earnings for the period were the worst since it reported a return of 35 cenls a share for the first three months of 1918. Last year, GM earned a re- cord billion, Uie second largest profit reported by any U.S. corporation, trailing only Exxon Corp. GM's profit performance was the second straight dec- line from year earlier levels. During the final quarter of 1973, the giant automaker re- ported a 22 per ecu! decline in profits and per share earnings of Ford and Chrysler are ex- pected to release Iheir first- quarter performance slate- menls Monday. Gerstenberg predicted last month that the end of the Arab oil embargo would case GM's sales decline. He and Cole said they expect the sec- ond quarter to bring an im- proved sales outlook, with a "continued upturn in used car prices." "As [he economy strength- ens in the months ahead arid t consumer returns, 'so will the new car they said.. !GM's -fourth-quarter -profits; totaled million, compared with million, or a share, earned during the final quarter of 1972. GM spokesmen have indi- cated they believe the oil em- bargo sparked consumer fears- concerning the U.S. economy in general and the availability of gasoline in particular. Because of the unprecedent- ed market change to small cars, industry-wide sales for the period dropped 27 per ce-nt from comparable 1973. Gil was hardest hit because il sells more large cars than a n y o.n e else. First-quarlw sales of ils large-size Buicks, Otdsmobiies and Pontiacs, for 'example, were off 50 per cent from 1973 love-Is. The only market segment in which GM reported a sales in- crease over the first quarter of 1973 was in Canada, where car and truck sales totaled units, a 17 per cent improvement.; Domestic truck and over- seas sales were down 9.6 per ce-nt from first quarter 1973. Judge Denies New Trial for Chapin Art Thieves Steal Million In Masterpiece from Irish Home BLESS1N.GTON, Ireland (AP) A gang of armed art Illieves directed by a young woman with an eye for the best invaded the mansion of goldmining millionaire S i r Alfred Beit lale Friday, tied up everyone in the house and got away with masterpieces valued at 519.2 million. Police said works by Goya, Reubens and Vermeer were among the paintings stolen by the raiders, who selected their loot carefully. Dublin an sources said it was believed to be Hie biggest single art bery in the world. The apparent leader of the five-member gang was an at- tractive woman with a French accent, police said. The raid- ers struck at about 10'p.m. and lied up Beit, his family and servants, but no injuries were reported. Detectives believed the paintings would be difficult to sell and theorized they may have been stolen in a bid to .trade them for Irish Republi- can Army men jailed by Ihe -government. The five-member gang ap- parently was led by-an attrac- tive girl with a French accent, police said. The raiders struck al about 10 p.m. and lied up Beil, his family and but no injuries were officers said: Police said the woman knew exactly which masterpieces to lake "the most valuable ones in Sir Alfred's collec- tion." Other masters represented among (lie stolen works in- cluded Gainsborough, Velas- quez and Frans ;Hals, police said. Blcssington, in County Wick- low, is a quiet village located 15 miles southeast of Dublin. .WASHINGTON (A P) Dwight L. Chapin, President Nixon's, former appointments secretary, was denied a new trial of his perjury conviction Friday by a federal judge who .said "Ihe proof that the de- fendant deliberately lied was overwhelming." Chapin .was convicted on April 5 on two counts of lying to the FBI in its investigation of campaign dirty tricks and faces sentencing on May 15. He had asked for a new '.rial on grounds that prejudicial evidence was introduced, thai he was not granted a change in the (rial site and lhat Ihe jury failed tp follow the judge's instructions. "The motions are unsupport- ed by any new facts and speak only in generalized conclu- U.S. District J idge Gerhard A. Gesell said in denying requests for a judg- ment of acquittal and a new trial. "There is no basis for as- suming that responsible citi- zens such as those constittiMng Ihis jury failed to-adhere id their the judge said. "The proof that the defendant deliberately lied was over- whelming. His intent was am- ply shown and his answers unquestionably false. The jury had no alternative but to con- vicl. The verdict shall stand and the motions are denied." Gesell called the post-trial motions purely formal but said he wanted to amplify on his order because the motions "attempt to denigrate the jury, accusing it of a disre- gard for instructions, racial bias and failure lo weigh the- proof." Gesell pointed out that the jury was composed of seven blacks and five whiles and lhat there were seven men and five women wilh each of the sexes being racially mixed. "Although Ihe (rial lasted but days, the deliberations of the jury continued over a substantial period with an overnight Gesell said. "The fial verdict indicated a "The final verdict indicated a dence under each count. The jury rejected one count and responded wilh discrimination by ils special verdict on Ihe first count." He said that demonsirated that the juiv was well aware of the court's instructions and that it weighed the evidence free of bias. Chapin could be sentenced to a maximum of five years and a fine on each of the two counts. He was charged wilh lying when ques- tioned by the- grand jury about Ihe activities of Donald H. Se- grelti, whom he had hired as a political saboteur. Segretli served nearly monlhs of a six-month senlwice lor his part in. distributing illegal campaign literature. Chapin left the While House post in March 1973 after doing most of the detail planning for President Nixon's trips to China and the Soviet Union. He then became director of market planning for United Air Linos in Chicago, but since has left that post. Inside Today Bank Deposits Show Gains Gas Pumps May Be Drier Than Ever, Dealers Warn Abilene and Taylor county bonks showed a 20 per cent gain in deposits ov- er a year ogo. Pg. IB. Secretary of State Henry Kissinger soys attempts lo impeach President Nixon could have o long- range effect on foreign policy but have had no bad impact so far. Pg. 6A. The Mitchell-Stans jurors have shifted their em- phasis os they continue to. deliberate the case. Pg. 6A. 2D trWse 2A Church News Ctossifkd Comics Mimials 4A ID MiArtJ 'OWtnrits .OH 1-6C, in Hhtorr 7C' TV los JO TV Scout JO By LIZ MOQRE SUff Writer Motorists have mistakenly relaxed their attitudes toward the fuel shortage and the situ- ation could soon get worse than ever, gasoline dealers and distributors throughout Abilene have warned. Their grim observations came at a time when the month's allocations are com- ing to a dry end. number of stalions have been out for days .and 'till .-others arc draining their last drops. THE PREVAILING opinion of station managers and job- bers is that .drivers have largely dismissed the energy crisis which seemed so urgent lo them during the lale fall and winter. The businessmen cited the media as a cause of the more relaxed attitudes, as well as the end of the Arab oil embar- go. President Nixon's ending of the Sunday Hosing directive lo stalions and the resumption of increased production of rec- reational vehicles. "We don't see any. allevia- tion of the situation in the near said Tommy JtcAlister, president of Mc- Alislcr Oil Co., inc. "It's been pretty much of a dead issue, though, the last few months. The TV has been il up as not such a big problem." "THE-MAJORITY of our stalions (Chevron Oil Co.) are already out of gasoline or they will be by he add- ed. Chevron stations are receiv- ing 90 per cent of what ihey receivcd in 1972 as directed by Ihe Federal Energy Office. This is higher than other per- centages stations are receiv- ing. The range goes down to about 60 per cent, McAlislcr said. are just r.s bad now as they ever vere. We feel like we're selling more than we can he said. "Nixon said that stations can be open on Sundays. Thai's great, but we still don't have the gas to sell." McAlisler also complained that "Ihe recreational vehicle business is cranking up again." Jimmy Panington of Far- ringtori Marketing Inc. which distributes Fina, also told of Ihe strain on his dealers by increased traffic. "PEOPLE AUK relaxing Iheir altitude he said. ''Some arc vacationing and a lot more are driving. Yet Iheir percentage re- mains at 63. the lowest since Ihe FEO had it set at 70 per cent in January. 'T can see Jiow things ivill get he said. Floyd Brock, general man- ager of V. J. Oil Co. which distributes Phillips 66, echoed the same sentiments, saying that "people are halfway for- gelling" about the fuel short- age. lie said that many PhiUips stations were closed already, even after attempts to make the gasoline last. "They are closing two days instead of one pen week." he added. THIS consistent with Tommy McAlister's belief that Chevron stations may be forced to close Monday and Tuesday in addition to Sun- day. M c a n h i 1 e, dealers de- See FUEL, Pg, J ;