19 Mar 1975
Page 1
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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Mar 19, 1975
Page
1
In a Michigan Farm Bureau speech Secretary Buzz argues profit fuels farm production and inflation of incentives. He uses a sow example to compare private risk and state ownership, claiming personal investment yields results while state control yields none. The column также notes other assorted opinions and quips about economics and politics.
Increasing cloudiness expected today with a warmer high in the lower 70s and a low near the mid 30s. Thursday will be warmer in the upper 70s with winds turning southerly at 5 to 15 mph.
Bob Price former U.S. representative for the 13th District turns down a nomination to the new Commodities Futures Trading Commission citing potential conflicts of interest. He says his farmer rancher status would prevent his serving, and he has written President Ford explaining the issue.
In Austin, Senator Bill Patman led a dramatic fight against a bill to raise interest rates, failing to secure the needed votes. The vote tally stood 19-12 after a delay, with Patman planning a filibuster and warning residents to contact lawmakers or face higher loan costs.
In Austin a disputed rally scene pitted anti-women rights protesters against utility regulation supporters. Lawmakers and state workers gathered as both camps pressed for action on ERA rescission with a committee hearing planned for April and lawmakers urged to take firm stands.
The Senate approved a Bentsen amendment ending the depletion allowance for major oil companies while preserving it permanently for independent producers. The vote clears a path for final action on the tax cut, with a conference to harmonize House and Senate positions on the incentive that saves about 2.5 billion dollars yearly.
Washington reports a CIA funded project raised part of a Soviet G class nuclear submarine sunk in 1968 in the Pacific. The Glomar Explorer, built for deep sea work, recovered one third of the craft before operations halted, with missiles and confidential materials remaining submerged.
Norman resident Dell Meyer, 65, testifying to KWTV, said jurors pressured her while she held out for acquittal during former Gov. David Hall's bribery and extortion trial. She had been given Demerol and Valium after illness and rejoined the jury, finishing the vote two hours later.
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