04 Jan 1975
Page 1
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 04, 1975
Page
1
Ford aides view a tax cut as necessary to revive a recession hit economy. They debate size and allocation with aims to aid low income earners and deliver a temporary measure under three years. Officials caution against premature decisions ahead of the State of the Union.
President Ford vetoed a bill to raise retail milk prices by six cents a half gallon citing inflationary impact and lack of necessity. Agriculture Secretary Butz announced a move to allow a smaller price increase. Ford named three new ambassadors including Mark Evans of Metromedia as envoy to Finland. Evans will replace V. Krehbiel who resigned. Haldeman lawyers seek hearing on juror conduct during Watergate deliberations. Howell abandons plan to sue NBC over Nov 6, 1973 TV newscast.
Senior officials say President Ford will appoint a panel modeled after the Warren Commission to investigate domestic spying allegations by the CIA. He met Kissinger, Schlesinger, and Colby, and may speak by midweek. Helms to meet Saturday. Four top counterintelligence officials have left, linked to spying claims and policy disputes with Colby.
Ford signed trade reform legislation on Friday linking tariff reductions to trade talks this year while criticizing its language that ties MFN benefits to Soviet emigration. He urged acceptance of the measure but voiced reservations about provisions seen as discriminatory by other nations. The Kremlin had already rejected such linkage as interference in Soviet internal affairs.
The W. T. Grant Company announced plans to close 66 unprofitable stores between Fury and July, costing about 5,000 jobs. Most closures affect newer Grant City outlets opened in the last five years, while none of the affected stores are in West Virginia.
AT&T asked the FCC to approve a sweeping interstate rate increase averaging 7.2 percent effective March 4. The plan would lift about 70 percent of Bell System long distance calls and add $717 million in annual revenue, with higher daytime short distance and operator-assisted rates and discounts for evening and weekend calls. AT&T president Richard R. Hough defended the move as necessary to avoid higher operating costs and deteriorating service amid current economic conditions. The FCC may approve, delay up to 90 days, or reject the filing.
Americans started 1975 with better protection in consumer credit and food information. New laws enacted in 1974 ban sex discrimination in credit decisions, require timely corrections of credit card errors, disclose closing costs on home loans, and itemize monthly statements. Auto recalls ensure manufacturers cover repair costs.
The December jobless rate rose to 7.1 percent, with 6.5 million Americans seeking work, the biggest monthly jump since 1960. Auto layoffs and manufacturing cuts drive the surge as Ford advisers discuss a tax cut to spur recovery while trade reform and consumer issues shape policy. AT&T seeks a 7.2 percent long distance rate hike effective March 4, with discounts for off-peak calls. Gold prices slip on European markets amid weak demand for bullion.
A Federal Power Commission staff report warns the United States will face unavoidable natural gas shortages and urges plan for relief and allocation. The forecast predicts widespread plant shutdowns and unemployment, with residential impacts possible in some regions.
State Sen. Li Galperin Jr. says abolition efforts will return in the Legislature but faces strong opposition from equipment makers and lenders. He notes President Ford’s failure to sign federal action makes a strengthened state law necessary even if abolition remains unlikely. Three bill ideas are expected this term.
West Virginia lawmakers weigh extending a two year moratorium on surface mining in 22 counties amid rising coal prices. Industry groups praise the law as strong and well enforced, while a Lincoln County group campaigns to abolish surface mining. Some counties fear shortages but expect renewed moratorium efforts and more permit requests pile up.
Jerry Boykin a 24 year old Charleston man is bound over to the February term of the Mercer County Intermediate Court Grand Jury after a three hour plus preliminary hearing in Bluefield He faces charges of murder and armed bank robbery in connection with the December 18 robbery at the People's Bank of Bluewell and the death of Josiah White Bluefield City Cab driver whose body was found in his taxi behind the bank Bond set at 75000 and he remains jailed awaiting the term with numerous witnesses called at the hearing
In Chicago a never-identified man, about 25 to 30, died defending three teenagers from a knife attack. He was to be buried in a pauper's grave until Ken Simon funded a full funeral with a minister, priest, and rabbi at Woods Cemetery. Simon hoped a family could be found.
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