Abilene Reporter News, September 7, 1974 : Front Page

Publication: Abilene Reporter News September 7, 1974

Abilene Reporter News (Newspaper) - September 7, 1974, Abilene, Texas ®&e Abilene Reporter ~ "WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT GOES"—Byron MJH YEAR, NO. 82 PHONE 673-4271_________ABILENE,    TEXAS,    79604,    SATURDAY    MORNING.    SEPT'    7,    1974-YHlWvSI>rPAGES IN FOUR SECTIONS    Price    15    CentT    Associat'd    Prats    (ZP) Football's Back See stories in sports, Section C Abilene 13 Winters 12 Sweetwater 0 Clyde 6 Cooper 14 Cross Plains 19 Brownwood 0 Wylie 0 Hamlin 62 Snyder 21 Rotan 0 Monahans 6 Cisco 44 Anson 25 Ranger 12 Haskell 0 Breck 33 Ballinger 7 Stamford 0 Brody 2 Ford Promises To Lick Inflation PHILADELPHIA (AP) -President Ford pledged Friday night that before America celebrates it* 200th birthday on July 4. 1976, his administration will have halted “the tyranny of double-digit inflation . the cruelest kind of taxation \Mthout representation.” Precisely four weeks to the day after he ascended to the presidency, Ford came to Independence Mall to address a dinner commemorating the 2U0th anniversary of the First Continental Congress. Ile u>ed the occasion to set for the first time a timetable lur his administration’s anti-inflation battle, although he offered no specifics on his battle plan. “We are going after the public enemy of inflation in 1974 and ue will lick him before July 4,1976,” Ford said. Puffing on his pipe after a dinner of snapper soup and capon, Ford was introduced by Pennsylvania Gov. Milton Shapp as “a man of the people” who is working “to restore openness and integrity bi government.” The President joined the 1,500 dinner guests in applauding a song written by Shapp, “I’m Proud to be an American” when entertainer Mike Douglas joined the Marine band in pc ling it. White House Press Secretary Jerald terllorst, responding to newsmen’s questions, d closed after the dinner that Ford had decided to establish a “clemency review board” similar to that set up by President Truman after World War ll to handle amnesty cases for deserters and draft dodgers. Ford defended his approach to the problem of inflation, an approach that has drawn criticism from some in Congress. “Like the patriots who met here 200 years ago, we may seem to move cautiously and too deliberately,” Ford said. “But I hope no one will underestimate the fighting ability of Americans today the way some did in 1774. “I warn you, as wise old Ben Franklin did, that if we do not all hang together we will certainly hang separately. But we will not hang separately nor will we fall divided. We are going after the public enemy of inflation in 1974 and we will lick him before July 4, 1976.” The President cautioned that hard times still lie ahead. “We will have our Valley Forges, our summer soldiers and our sunshine patriots,” he said. “But we are the descendants and heirs ... of the patriots who assembled here 200 years ago tonight ... we must not let them down.” “With your help, we will win the fight against inflation.” Ford said. “What better way can we begin our third century of independence as a nation of liberty under God and brotherly love for all?” He spoke to .1,500 guests gathered on a rainy night beneath a yellow and white striped tent across the street from Independence Hall. Before his address, he paused with Shapp to be photographed beside the Liberty Bell. No Immunity for Jacobsen DALLAS (AP) — A U.S. District Court judge refused Friday to dismiss charges against lobbyist Jake Jacobsen who had bargained with federal prosecutors for immunity in exchange for testimony against former Secretary of the Treasury John B. Connolly. Uonnallv was indicted on a charge of accepting *10,000 Bom the Associated Milk Producers Inc. (AMPI), a cooperative for which Jacobsen lobbyed. In return for Jacobsen’s cooperation, the federal prosecutors agreed to seek dismissal of federal charges against him in Texas for the misapplication of funds of a San Angelo savings and loan association. In his decision, Judge Robert Hill said: “The government in its bargain with Jacobsen made a promise' to Jacobsen that it could not guarantee. It could have promised to move for a dismissal of this case ... but it could not guarantee a dismissal. This court was not a party to the bargain and is not bound by it.” Judge Hill said also that he was reaffirming Sept. 23 as the date for Jacobsen's trial in San Angelo in the misapplication charges. The State of Texas had filed a brief with Judge Hill earlier this week opposing the motion for dismissal submitted by federal attorneys last week. Judge Hill noted that the Federal Rules of Criminal Procedures provide that the U.S. Attorney General or the U.S. attorney may file for dismissal of an indictment. . But Hill said: “The court has fully considered the motion and the government’s support memorandum and is of the opinion that the motion should be denied. “The bare assertion in the government’s motion that ’the best interests of justice’ should be served is not sufficient to justify dismissal.” Hill said he couldn't perceive “how the best interests of justice could be served by dismissing serious charges with the potential penalty of 35 years imprisonment and a $70,000 fine in exchange for a guilty plea in an unrelated case carrying a maximum penalty of two years and a $10,000 fine. Jacobsen had pleaded guilty to the Washington bribery charges involving See JUDGE, Pg. UA, Cel. 5 Cypriot Foes Agree To Swap Prisoners Fair preparations Jefferson Junior High students Neal Ray. leit. Susan Gursky and Kicky Rankin put finishing touches on awnings their general construction class made this week for a concession stand at the West Texas Fair. The three 14-year-olds are participants in the new Coordinated Vocational Academic Education program under teacher Larry Connelly. The fair, now in its 68th year, begins at 10:30 a.m. Saturday with a parade through the streets of downtown A bilene. (Staff Photo by Jenny Cates) h> The Associated Press The leaders of Greek and Turkish Cypriots resumed their suspended peace talks Friday and agreed to stun exchanging almost 4.500 prisoners of war and civilian detainees. President Glafcos derides. a Greek Cypriot, and his Turkish Cypriot vice president Rauf Denktash, also agreed to exchange lists of thousands of persons missing behind the battle lines. The International Committee of the Red Crass said neither prisoner lists nor roster of the missing have been completed from the Cyprus war, which began when Turkish forces invaded the eastern Mediterranean island fiv e days alter the ouster of President Makarios in a military coup July 15. Current lists show that 3,314 Turkish Cypriots are held in Nicosia by the Greeks, and 1,164 Greek Cypriots are in Turkish camps there. Another 1,183 knowTi POWS have been .shipped to Turkey. The derides government says 3.189 Greek Cypriots are known to be missing, and the Turkish side has given no figure. The talks between derides and Denktash broke off Monday when Turkish soldiers began unearthing bodies in a garbage dump at a Turkish village. Denktash claimed the 84 Turkish Cypriots whose bodies were found were victims of a massacre by deck Cypriot troops. The resumption, arranged bv the United Nations, was to have centered on 234.000 refugees on the island, but the five points on which agreement was announced made little mention of them. By Top US. Economic Officials 'Easy Money' Idea Opposed WASHINGTON (AP) - The administration’s two top economic officials expressed opposition Friday to some economists’ suggestions that the nation’s money supply should be expanded. At a Thursday preliminary to the White House economic summit meeting, a majority of the economists attending had urged the government to let more money flow into the economy. That would be intended to lower interest rates and help boost production. Alan Greenspan, chairman Of the President's Council of Economic A Riser:, told news- money policy would not help in fighting inflation. Treasury Secretary William E. Simon said he supports continued restraints on the money supply. A significant easing, Greenspan said, would produce “a short-term sense of wellbeing” that might persist for three to 12 months and convince people the nation’s economic difficulties had been solved. Afterward, however, “almost certainly the increased money supply would put us back in the current situation if not worse,” he said. \» his first news conference i” Ifs new post. Greeuspan was asked how he would feel about a more moderate change in monetary policy. Greenspan said he fell it would be inappropriate to get involved in policy questions that are the sole responsibility of the Federal Reserve Board. In Dallas, Tex., Simon said: “We must recognize that there have been years of fiscal and monetary abuse which cannot be undone overnight. Thus, fiscal and monetary restraint must be exercised patiently and consistently for a sustained period of time.” Simon, in a speech at Southern Method.st University, said fiscal and monetary restraint is the only alternative to controls in coping with inflation. But controls, he >aid, “ait* Hie enemy of the market and could kill the economic system as we know it.” He stressed that some difti-cult government decisions will be needed on budget cutting as a vital response to inflation. “High and rising federal expenditures inevitably mean high and rising taxation,” he said. “Either we get higher taxes directly, or the resulting budget deficits produce inflation which is the most insidious and indiscriminate tax of all.” Inside Todoy Market Posts Advance The stock market skids and scrambles through ar erratic session Friday to post its second consecutive broad advance Pg 7B. The army decides to seek new bids on a $40 milden recruitment advertising contract because of the controversy over the way it was awarded. Pg. 5A. President Ford and military leaders attend funeral ser-vices for Gen. Creighton VV. Abrams, Army chief of Pg staff. 2A. Amusements Astro-graph Bridge Church News Saturday SB SB ..........BA News Index Heortline Merkels ......... Obituaries Oil IOO ID Classified 4.90 Sports 1.7C Comics 2, 3D Today in History BB Editorials 4A TV Scout BA Form 9A Women Hews I, 3B In addition to the general POW and missing persons agreements, the U.N. spokesman said derides and Denktash agreed to set up immediately a plan for prisoner releases: give priority to old. very young, sick and wounded prisoners: and provide help for old and weak Greek and Turkish Cypriots who have been isolated by the fighting. The U.N. spokesman said derides and Denktash had agreed to meet once a week, or more often if necessary, on refugee and humanitarian questions. The next session was set for next Friday. The agreements were the first substantative accords on Cyprus since peace talks in Geneva involving Britain, Turkey and Greece broke down Aug. 14 and the Turks be-an an offensive that ended with about 40 per cent of the island in Turkish hands. The island was reported quiet on Fridav, derides and the Athens government have refused to return to the Geneva negotiations until the Turks relinquish some of their territory. Carmen Approaches Gulf (oast NKW ORLEANS < VP Residents along the cots! of the Gulf of Mexico from Louisiana to Florida kept vigil Friday to learn where Hurricane * Carmen would come ashore Tile hurricane was located directly south of New Orleans late Friday, headed northward with sustained winds of HO miles per hour. Gale warnings were posted at 8 p m. CDT. with forecasters predicting gale force winds between 35 and 75 mph and four foot tides around the mouth of the Mississippi River b-. Saturday afternoon. Carmen Is expected to hit land Sunday, but forecasters were not sure where. A hurri* vane watch has been declared for a 600-mile-wide area from Grand Isle. La., to Cedar Rev, Fla. Forecaster Bill Crouch said a hurricane warning, pinpointing a 100-mile section of coastline where Carmen is likely to come ashore, would be issued after more data was received ffom reconnaisance planes. At 8 p.m., Carmen was located about 360 miles south of New Orleans near latmo' 24.1 north and !on*itu»h rn ',    ,d- ing northward at slightly more than la mpl.. Missionaries often have many roles Missionaries in Rhodesia often have to fill more than one role. Dr. Robert H. Garrett of Eastland tells about his eight years there. By Morven Weitzel, assistant managing editor. Putting her best foot forward Find out whot women will be stepping out in for fall from a full page layout on new shoe fashions. By Connie Chin of the women's deportment ond photos by Don Blakley, R-N photo chief. .Co ming in Sunday's Abilene College grid action gets going today Mark McDonald will be in little Rock, Ark., tor the ACC-State Teachers of Arkansas game ond Bill Hor* will go to Shreveport, la., for the McMurry-Bap-fist Christian College contest. He watches the hunting grounds Abilene game warden Dale Evans gave Reporter-News staff writer Bill Herridae a cook's tour of Big Country hunting grounds on the second day of dove season. ;

  • Alan Greenspan
  • Ben Franklin
  • Bill Crouch
  • Bill Herridae
  • Bill Hor
  • Connie Chin
  • Dale Evans
  • Don Blakley
  • Jake Jacobsen
  • John B. Connolly
  • Mike Douglas
  • Milton Shapp
  • Morven Weitzel
  • Robert H. Garrett
  • Robert Hill
  • William E. Simon

Share Page

Publication: Abilene Reporter News

Location: Abilene, Texas

Issue Date: September 7, 1974

RealCheck