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Abilene Reporter News: Saturday, October 19, 1974 - Page 1

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   Abilene Reporter-News, The (Newspaper) - October 19, 1974, Abilene, Texas                               Coming... ...In Sunday's Reporter-News The long hair issue seems to fee in the post The days of the hair controversies in the schools are over, but there are still some pros and cons about the matter. By Marsha Cawthon, staff writer. There's still lots of work farm wife There'll be a peek into the life of a Potosi farm wife, Mattie Vinson, with a story by Connie Chin and photos by John Best. New religious movement gains over Ihe state Neo-Pentecostalism is a movement sweeping through many conven- tional Christian denomt-' nations. Worship by its followers includes claims of direct communication' with God. By Associated Press Writer Lee Jones. "WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT 94TH YEAR, NO. 124 PHONE 673-4271 ABILENE, TEXAS, 79604, SATURDAY 19, 1974-THIRTY-EIGHT PAGES IN FOUR SECTIONS Price 15 Cents Associated Prei, (JP) Cougars Triumph; Eagles Fall See stories in Sports, Section C Rocky to Pay Mfflii WASHINGTON (AP) Vice President-designate Nelson A. Rockefeller disclosed Hiday night he will have to pay an additional in federal taxes, with interest likely to swell the sum he owes to over million. Rockefeller said Internal Revenue Service audits had disallowed more than mil- lion he deducted in the past five years for charitable con- tributions and for office and investment expenses. An aide said Rockefeller won't have to pay any penal- ties but that he will have to add interest at the rate of 6 per cent a year. A rough cal- culation showed that would add at least another to his tax bill. In addition, Rockefeller indi- cated he will likely have to pay additional state and local taxes, noting that the figures were made "prior to the resul- tant of state and city taxes." Rockefeller summarized the results of the audit in letters to the chairmen congressional committees Con- sidering his nomination. The an-ex- plosive new factor to the growing controversy over the Rockefeller nomination, which had seemed likely to gain overwhelmjng.House and Sen-- ate approval when first an- nounced by President Aug. 20. White House spokesmen said Friday night-that Ford had no on: Rock- efeller's announcement. The figures disclosed former New York governor showed the -audits required him to pay an additional in federal income tax- es and an additional in federal gift taxes, virtually all of it because of the disallowed, deductions. The totals compared with the in back taxes and Tapes Show Nixon Told Aide to Meet Demands By DONALD M. ROTHBERG Associated Press Writer WASHINGTON (AP) The Watergate trial heard White House tapes on Friday, includ- ing one in which then Presi- dent Richard Nixon tells aides, "you've got no choice" but to meet a Watergate conspira- tor's demands for money. "Well, for Christ's sakes, get Nixon was heard say- ing on the tape played in court. The presidential order was heard on the tape of a March 21, 1973, conversation Nixon had with his White House counsel, John W. Dean III, and H.R. Haldeman. Also played at the trial was the tape of a March 17, 1973, conversation between Nixon and Dean. Throughout both of the con- versations, Nixon repeatedly referred to the need to contain the investigation of the Water- gate break-in. The two tapes took more than two hours to play. Both conversations took place in Nixon's White House office and the quality was excellent. Voices scured when the hidden micro- phones picked up and magni- fied background noises which came through as loud bangs and clatters. Before the tape of the March 21 meeting which Dean had requested was played, Dean was asked why lie had wanted to meet that day with Nixon. "I wanted him to under- stand the implications of what was going on and also to end what- was going Dean replied: On the 17th, Nixon told Dean during a discussion of the Watergate investigation that "what you've got to do is cut her off at the pass." Nixon was referring to limit- ing disclosure of the involve- ment of White House or cam- paign aides to no one higher than G. Gordon Liddy, who had already been convicted in the Watergate break-in case. It was the first time the text of the March 17 conversation See MORE, Pg. 12A, Col. 1 Housing Industry Gets Shot in Arm WASHINGTON (A P) President Ford gave the hous- ing industry what he called a shot in the arm Friday. the shot was -a fresh dose of federal billion now and up to billion more if the industry fails to shake the lethargy which' has affected it for two years. The bill will allow about new buyers of homes to save about a month in cheaper loans. In signing a bill authorizing the program, the President nailed down (he first compo- nent in the economic program Ford kiss of approval Jack Ford, son of President Ford, plants a kiss on the cheek of Shannon Simmons, who was named queen of the 1974 American Royal Livestock and Horse Show Thursday in Kansas City. Ford and the wife of Agricul- ture Secretary Earl Butz were on the nine-member panel of judges. (AP Wirephoto) The home building industry was starting new homes at an annual rate of 2.509 million units two years ago, but is sputtering along at only a 1.120 million-unit pace now. Interest rates for homebuy- ers have backed off only slightly in recent weeks from record levels. The industry's unemployment rate of 12.4 per cent compares with a 5.8 per cent rate nationwide. "We cannot tolerate a build- ing program at the present rate for Ford told government and industry officials at a brief bill-signing ceremony in the White House Cabinet Room. Although the law won't res- tore the industry to perfect health, "it will provide a shot in the arm for the housing in- Ford said. Amuienieitti ....___10, 11A Asho-graph 10A Bridge HA Church Newt.......... 4, SB Clanified Ccmki 2, 30 Editorial! 4A Form 9A Heortlim...............10A 6, 7B Obituaries 9D Oil ..................t. 7A Sporti 1-8C Sylvia Porter............. 7B Today in Hiitory IDA TV Las 11A TV Scout.............. T1A Women'! Newi 2, 31 McMurry Trustees Adopt Growth Plan Formulation of two major growth plans for McMurry College was approved and a third such plan was adopted by McMurry trustees their fall meeting. .rz The-board of trustees ap- establishing a five-year college's endowment. Morgan Jones Jr. reported for the development commit- tee to the board and recom- mended "we authorize the ad- ministration to put together a major development cam- "of the college's future. Devel- opment of a major plan to roughly million in -capital funds over the next six -..years was also approved. THE TRUSTEES adopted a "plan (or systematic solicita- tion of planned .gifts and de- ferred giving to strengthen Ihe McMurry President Thomas Kim said, "Let's talk about what it will take to continue to operate a first class college without the day by day financ- ing problems we have often had In past." Dr. Aisle Carleton, bishop of the Northwest Texas and New Mexico Conferences of the Un- ited Methodist Church, spoke forcefully in support of the capital funds effort. "In the 1960s we went around asking what the prob- lems were, but in the 1970s it I is time for said the bishop. "One of the most im- portant things we can do is to undergird Christian higher ed- ucation." THE PROPOSED capital funds campaign will complete McMurry's building program, strengthen tin endowment and undergird operational financ- ing. Ted Dotts of Pampa present- ed the planning and policy committee's recommendation that the board endorse the Planning Task Force idea pre- viously approved by the Mc- Murry faculty. Dr. Kim, at Dotts' request, outlined this plan as originally presented by United Methodist Higher Education consultants, Dr. Michael Elliott and Dr. Thomas West, in an August workshop with McMurry ad- ministrators. "This Is strategic planning as opposed to tactical or day by day planning to meet urgent said Dr. Kim. "We set MCMURRY, pg. 3 approximately in interest that the IRS found President Richard M. Nixon owe when his federal tax turns were audited earlier this When Rockefeller before the Senate Rules mittee last month he gave no indication -in his prepared remarks that his income tax returns were subject to City audit. A Rockefeller man said Friday night the additional tax assessments sulted normal audit that goes on for someone as big an income" as feller's. The letters left uncertain actly why Rockefeller's deductions had been They also included a between the in additional federal income and taxes listed and the increase in Rockefeller's taxes over the past fen Aides said that was the larger flffine. Included ditional gift taxes for 1974 that were -not Included in the year Silver knight Members of Abilene Christian College's Knights Club stand at the feet of a foil-be- decked statue of Don Quixote erected on the ACC "Wildcat Midway" as part of this year's homecoming festivities. From left, Junior David Glasscock and senior Tom Smith and Ed Franks joined other Knights to promote their symbol by tying 1t in with the weekend's theme, "ACC: Dream Made and with homecoming performances of "Man of La Mancha" at the Civic Center. (Staff Photo by Gerald Rwing)   

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