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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jan 25, 1974
Page
4
Bennington Banner publishes daily except Sundays and holidays from 425 Main Street Bennington Vermont 05201. The paper operates under BANNER PUBLISHING CORPORATION providing local news and community notices.
Oil company executives left Sen Henry Jackson's investigative hearings with sharp remarks denying efforts to keep prices high. Amid fourth quarter earnings reports showing tidy profit increases they acknowledged the energy crisis but defended profits from selling less oil.
A commentator accuses the oil industry of turning shortages into a political issue to boost a presidential bid. The text notes decades of oil influence in Washington and state capitols, often shielded by behind the scenes lobbyists, and questions the desire for open congressional scrutiny.
Consumers Union says most child car seats offer little real protection and warns many usable designs are too awkward to use. With 1972 seeing 1,900 five-year-olds killed in crashes, officials plan March rule changes while harnesses improve for comfort. The Safety Council backs lap belts in rear seats despite child protests, arguing safety over parental complaints.
The piece criticizes former Governor Deane C. Davis and his hand-picked successor, noting Vermont voters rejected top-down leadership. It mentions Ellsberg’s Pentagon Papers case, Krogh’s burglary conviction, and mixed White House stances on legality versus patriotism, arguing excess patriotism masks faults.
In a Washington Post letter Jonathan B. Wight of Durham argues that former Vice President Spiro Agnew enjoys privileged access to archives offices across from the White House with staff and taxpayer funding. He contrasts this with the seizure of offices belonging to Cox and Richardson, who faced aggressive handling without criminal convictions.
A reader contests Exxon data reporting and calls for a government data system while also discussing President Nixon’s alleged emoluments issue, referencing Rep. Bella Abzug and constitutional limits. The letter also cites views from George E. Reedy on the presidency as aloof and notes playwright S.N. Behrman’s death at 80 in a separate passage.
Exxon argues it fulfilled contracts with Florida Power and Light and Boston Edison regarding a 135000 barrel loan of heavy fuel oil to Boston Edison. The loan was to be repaid, with delivery around January 24 aboard the Esso Goa. Public relations official Robert T Haslam cites communications and urges contacting the involved utilities for details.
Vermont officials and economists view the energy crisis as a modest impact so far yet warn of broader consequences. They note stock market declines echo potential downturns in 1974, with inflation, unemployment, and higher costs likely as government programs and tax finances shift. The piece contrasts optimistic forecasts with worries over aid to the poor and congressional resistance to foreign relief amid broader national turmoil.
President Nixon backed increased aid through IDA with private diplomacy and World Bank help, shifting soft loans from 40 percent to about 67 percent. Yet in the House opposition rose as inflation erodes loan value, leaders faltered, and lawmakers warned funds would mainly affect oil prices. Kissinger and Shultz urged Senate review before February 11 oil talks.
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