Abilene Reporter News, October 19, 1974 : Front Page

Publication: Abilene Reporter News October 19, 1974

Abilene Reporter News (Newspaper) - October 19, 1974, Abilene, Texas Co ming... . ...in Sunday's Reporter-News The long hair . issue seems to be in the past 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 for 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 over the state Neo-Pentecostalism is a movement sweeping through many conventional Christian denominations. Worship by its followers includes claims of direct communication' with God. By Associated Press Writer Lee Jones. ffie SWene ^porter ll ft ' 7m MILD ★ Complete weather, Pg. 3A 94TH YEAR. NO. 124 PHONE 673-4271"WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT GOES"—ByronPrice 15 CentsABILENE, TEXAS, 79604, SATURDAY MORNING, OCT. 19. 1974-THIRTY-EIGHT PAGES IN FOUR SECTIONS Associated Press (IP)Rocky to Pay $1 Million More in Taxes Cougars Triumph; Eagles Fall See stories in Sports, Section C WASHINGTON (AP) - Vice President-designate Nelson A. Rockefeller disclosed friday night he will have to pay an additional $903,718 in lederal taxes, with interest likely to swell the sum he owes to over $1 million. Rockefeller said Internal Revenue Service audits had disallowed more than $1.2 million he deducted in the past five years for charitable contributions and for office and investment expenses. An aide said Rockefeller won’t have to pay any penalties but that he will have to add interest at the rate of 6 per cent a year. A rough calculation shoved that would add at least another $100,000 to his tax bill. In addition, Rockefeller indicated he will likely have to pay additional state and local taxes, noting that the figures were made “prior to the resultant recomputation of state and city taxes.” Rockefeller summarized the results of the audit in letters to the chairmen of the two congressional committees considering his vice presidential nomination. The disclosure added an explosive new factor to the growing controversy over the Rockefeller nomination, which had seemed likely to gain overwhelming House and Senate approval when first announced by President Ford on Aug. 20. White House spokesmen said Friday night that Ford had no immediate comment on Rockefeller’s announcement. The figures disclosed by the former New York governor showed the audits required him to pay an additional $820,718 in federal income taxes and an additional $83,000 in federal gift taxes, virtually all of it because of the disallowed deductions. The totals compared with the $432,787 in back taxes and Tapes Show Nixon Told Aide to Meet Demands B> DONALD M. ROTHBERG Associated !*ress Writer WASHINGTON (API — The Watergate trial heard White House tapes on Friday, including one in which then President Richard Nixon tells aides, “you’ve got no choice” but to meet a Watergate conspirator’s demands for money. “Well, tor Christ’s sakes, get it,” Nixon was beard saying on the tape played in court. The presidential order was heard on the tape of a Mal ch 21, 1973, conversation Nixon had with his White House counsel, .John W. Dean 111. 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 conversations, Nixon repeatedly referred to the need to contain the investigation of the Watergate 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 sometimes were obscured when the hidden microphones picked up and magnified 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 lo meet that day with Nixon. “I wanted him to understand the implications of what was going on ... and also to end what- was going on,” 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 limiting disclosure of the involvement of White House or campaign 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. I Housing Industry Gets Shot in Arm 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 Agriculture Secretary Earl Butz were on the nine-member panel of judges. (AP Wirephoto) WASHINGTON (AP) -President Ford gave the housing industry what he called a shot in the arm Friday. The shot was a fresh dose of federal money - $3 billion now and up to $4.75 billion more if the industry fails to shake the lethargy which has affected it for two years. The bill will allow about 100.000 new buyers of homes to save about $28 a month in cheaper loans. In signing a bill authorizing the program, the President nailed down the first component in the economic program he proposed last week, 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 building program at the present rate for homebuilding,” Ford told government and industry officials at a brief bill-signing ceremony in the White House Cabinet Room. Although the law won’t restore the industry- to perfect health, ‘ it will provide a shot in the arm for the housing industry-,” Ford said. NEWS HEX Amusements ........ IO,    UA Astrograph ...........  10A Bridge ................ UA Church News ......... 4,    5B Classified ............ 4-9D Carnies    ............. 2,    3D Editorials    4A Farm ................8,    9A Heartline ............... 10A Markets .............. 6,    7B Obituaries ............. 9D Oil ...............6,    7A Sports .............. I-8C Sylvia Porter ............ 7B Today in History    ... 10A TV Log .............. 11A TV Scout ........... Ha Women's    News    2,    3B McMurry Trustees Adopt Growth Plan Formulation of two major growth plans for McMurry College was approved and a third such plan was adopted Friday by McMurry trustees at their fall meeting. The board of trustees approved establishing a five-year plan encompassing all aspects of the college’s future. Development of a major plan to raise roughly $10 million in capital funds over the next six years was also approved. THE TRUSTEES adopted a plan for systematic solicitation of planned gifts and deferred giving to strengthen the college’s endowment. Morgan Jones Jr. reported for the development committee to the board and recommended “we authorize the administration to put together a major development campaign.” McMurry President Thomas Rim said, "Let’s talk about what it will take to continue to operate a first class college without the day by day financing problems we have often had in the past.” Dr. Alsie Carleton, bishop of the Northwest Texas and New Mexico Conferences of the United Methodist Church, spoke forcefully in support of the capital funds effort. “In the 1960s we went around asking what the problems were, but in the 1970s it • is time for solutions,” said the bishop. “One of the most important things we can do is to undergird Christian higher education.” THE PROPOSED capital funds campaign will complete McMurry’s building program, strengthen the endowment and undergird operational financing. Ted Dotts of Pampa presented the planning and policy committee’s recommendation that the board endorse the Planning Task Force idea previously approved by the McMurry faculty. Dr. Rim, 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 administrators. “This is strategic planning as opposed to tactical or duv by day planning to meet urgent problems,” said Dr. Him. “We See MCMURRY, Pg. UA, Col. 3 approximately $30,000 in interest that the IRS found former President Richard M. Nixon to owe when his federal tax returns were audited earlier this year. When Rockefeller testified before the Senate Rules Committee last month he gave no indication in his prepared remarks that his income tax returns were subject to further audit. A Rockefeller spokesman said Friday night the additional tax assessments resulted from "a normal audit that goes on for someone with as big an income” as Rockefeller’s. The letters left uncertain exactly why Rockefeller’s deductions had been disallowed. They also included a conflict between the $903,718 in additional federal income and gift taxes listed and the $896,173 increase in Rockefeller’s total taxes over the past ten years. Aides said that was because the larger figure included additional gift taxes for 1974 that were not included in the ten-year totals. Midland 21 Cooper 7 Abilene 14 Lee 6 Comanche 34 Breckenridge 20 Cisco 7 Clyde 0 Knox City 58 Aspermont 26 Munday 0 Haskell 6 Baird 21 Sweetwater 14 Wylie 20 Brownfield 14 Brownwood 37 Hamlin IO Burkburnett 12 Ballinger 7 Snyder 16 Jim Ned 30 Lake View 0 Albany 8 Anson 61 Coahoma 27 Stamford 6 Winters 12 THC    ^0^ Silver knight Members of Abilene Christian College's Knights Club stand at the ieet of a Coil-bedecked 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 lorn Smith and Ed Franks joined other Knights to promote their symbol by tying It in with the weekend’s theme, “ACC: Dream Made Possible, and with homecoming performances of “Man of La Mancha at the Civic Center. (Stall Photo In Gerald Ewing) ;

  • Alsie Carleton
  • David Glasscock
  • Don Quixote
  • Donald M. Rothberg
  • Earl Butz
  • Ed Franks
  • G. Gordon Liddy
  • Gerald Ewing
  • Jack Ford
  • John W. Dean
  • Marsha Cawthon
  • Mattie Vinson
  • Michael Elliott
  • Morgan Jones Jr.
  • Nelson A. Rockefeller
  • R. Haldeman
  • Richard M. Nixon
  • Richard Nixon
  • Shannon Simmons
  • Sylvia Porter
  • Ted Dotts
  • Thomas Rim
  • Thomas West

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Publication: Abilene Reporter News

Location: Abilene, Texas

Issue Date: October 19, 1974

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