Low Resolution Image: Become a member to access this full resolution image at 375% higher quality.

OCR Text

Cedar Rapids Gazette (Newspaper) - February 6, 1974, Cedar Rapids, Iowa Cedar Rapids Gazette: Wed.. Foreign    Investment Rise    Sparks    Concern    in    Iowa existing information on foreign investment in this country is inadequate. Culver, in opening the session, said the hearings art1 By Dorothy Williams WASHINGTON, D C. - Sen. Dick Clark called for establishment of a grain reserve “to prevent shortages or famines pointing to the need to obtain and to ease the worries of trad- reliable data before a lespon-,,    sive national policy can be for* tag partners.    j    mutated.” By creating such a stockpile At (he same tim6| C|ark sald Dorothy Williams of feed grains, wheat and soybeans, we “would help maintain stable prices for consumers, a fair return for farmers and a guaranteed supply for domestic and foreign buyers,” the Iowa Democrat told the house foreign economic policy subcommittee. He noted that the house already has passed a bill authored by Rep. Neal Smith (D-Iowa). Clark was the opening witness in the second day of the subcommittee’s inquiry into foreign investments in this country. Like subcommittee chairman Rep. John C. Culver (D-Iowa), Clark reported “great concern in Iowa” over reports of increasing foreign investment in the Hawkeye state. it is essential to determine whether expanded foreign trade will necessarily lead to an increase in foreign ownership of farms and factories. “For years many people have objected to U.S. corporations investing money abroad because this exported jobs, omy, unless we ask the hard questions and take the appropriate measures to meet the real problems that exist." Peter Flanigan, executive Clark said, director of the White House "Should people "ow welcome in-    international    economy    trade    bill. vestment here by foreign cor- .    J    J    I punitions on the grounds that it lc P°l,cy» sounded a sandal creates jobs? he asked. “Per-1 warning saying “overly nation-haps foreign investment in land alistic economic policies inis different from foreign invest- variably iea(i t0 a breakdown in ment i" factories. Perhaps the    (lf Ulterna- nation should welcome one and . J . tional relations. source of supply for our foreign customers. The Iowan returned to one of his favorite themes the need for planning rather than “lurching from crisis to crisis. “I don’t see how we are going to preserve' a free .society unless we have a little better idea where we want to go and how to get there,” Culver said. Flanigan responded that the United States has led the way to world monetary reform. He said the Nixon administration is “continuing to press" for legislation to bring about trade reform and that he hopes the senate, like the house, will enact shun the other,” he added. Culver also cautioned of “an excessively nationalist reaction, which could hurt our Inadequate    overall interest in an effec- And like Culver, Clark found tively functioning world econ- Truck    Strike Fails To Halt Vegetables from Florida Before excusing Flanigan as a witness, Culver reminded him that the law creating his agency carries a provision, authored by Culver, requiring the council to report and recommend to congress on ways “Given the current potential to improve the economic relator such a breakdown, a restric- tionship of the government to tive inward-looking policy to- the private sector. wards foreign investment in the Del Van Horn djrector of the U.S. would be exceeding y dan- J(m a development commission, cerous at this time, Flamganlj Frank A|sp?ugh director o( fia*®*    Virginia’s division of industrial He said we own six and one- development and chairman of half times as much in foreign international committee of and returned countries as they own in ours, | the National Association of night. by the Information til the state” to alleviate fears. Alpaugh said a foreign In vestment can mean elimination of an exporter to our market, new technology, new jobs, new capital and creation of a new U.S. exporter. “In view of all the benefits we receive from foreign investments,” he said, “I do not think relatively temporary problems should make us retreat from these benefits. Hepatitis Sets Quarantine for Freed Prisoner PHILADELPHIA (AP) — Gerald E. Kosh, an American civilian freed last week by Communist China, has hepatitis and must remain in virtual quarantine, the navy said. Although the hepatitis is a “mild case,” he will remain under observation at Philadelphia naval hospital for “more than a few days,” a spokesman said Tuesday. Kosh, 27, whose parents live in suburban Lafayette Hills, Pa., was captured Jan. 16 when the Chinese overran South Vietnamese troops on the Paracel Islands. He was freed last week home Sunday .Culver, he admitted estimates FLORIDA CITY, Fla. (AP) <-j south Florida produce truckers I are based on incomplete infor- Northern consumers looking could not afford to support the‘ mation. Flanigan protested that south for vegetables got some strike    there is the problem of who wilL ggod news Tuesday: Most of the. ..TK„, i(„hino Hri„„ ,.!pay for surveys. Financing! b u t under questioning Dy state Development Agencies, A former Green Beret who testified on foreign investment served two tours of duty in from the point of view of the South Vietnam, Kosh was serv- statcs.    jing as a state department ob- Under Iowa law a foreign cor- server when captured. « ,,oe chinoa    tho!    “They    are    itching    to    drive,”|Pay U)r surveys. r,[,jIIIL*j'8|poration is any that is domiciled!    -- crop was shipped before tne|iu _'t______ _;J    l4f    problems    account    for    the    de-11^    J    1 Joan of Arc (played by Ruann Keith of Denver) and Charles the Dauphin (played by Rick Adkins of Carroll) are shown in a scene from "The Lark", a production by the Coe College Players. The production will be held in the Mills Experimental Theater of the Sutherland C. Dows Fine Arts Center this Thursday, Friday and Saturday and Feb. 14 through 16. Call the college at 364-1511, ext. 200, between 3:30 and 5:30 p.m. weekdays for reservations. Coe To Present "The Lark Ff “The Lark,” the story of Joan’ The play, written by Jean [Anna Brown, part-time instruc-of Arc, will be presented by the Anouilh in the early 1950’s, tor in d™013. with set design by Coe College Players Feb. 7 , .    ...    ,    "I    Jim    Bruce,    wardrobe‘by Birgit through 9 and 14 through 16 in d,'als wl,h ,he human elemcnt: Kattenborg of Chicago and Mills Experimental Theater in I °f ’J031] Arcs life and is a | choreography by Catherine Bums of Rockford. Sheila Nunn of De Beque, Colo., is the stage manager. the Sutherland C. Dows Fine study °f power and courage. Arts Center.    Players    include:    Ruann    Keith Performances are scheduled of Denver as Joan; Robert Cle-for 8 p.m. each night, with an mens of Chicago as Warwick; additional matinee at 3 p.m. Feb. 16. Seating will be limited in the unfinished building. Inter- Police Link Fast-Time To Jump in Youthful Deaths LANSING, Mich. (AP) — Po- Bruce Miller of Griffith, Ind., as Cauchon; David Kirkpatrick of 1432 Richmond road NE in a ested patrons may telephone the I double role as the promoter and college, 364-1511, extension 200, J Beaudricourt. between 3:30 and 5:30    p.m.j    Richard Adkins of    Carroll    as weekdays for reservations. Charles the Dauphin; Julia Ha-Doors will open at 7:30 p.m. milton of New York as Queen jlice statistics show the number Theater-goers should enter the Yolande; Pat Rimmer of Ma-'of Michigan school children inbuilding through the door quoketa as Agnes Sorel; Gayle I jured in traffic accidents in Giles of Ponca City    Okla .    as    car|    m    k    has Little Queen; Brian VandersliceI.    ,    .    :    .    ^ , of Pleasantville, N.Y., as La-jiuinPecl sharply since Daylight Tremouille.    Saving time was imposed in Mike Schulte of Shorewood, January'. Wis., in a dual role as Joan’s fa- Forty-two young pedestrians ther and the executioner; Char-    were    injured    in    accidents    be- lese Hinchliffe of rural Cedar    tween    Jan 6    ^    3, (hi Rapids as Joan’s mother; A with drunk driving, was dis-!Deven Edinger of Fridley.’c mp e Wlt 23 during that missed by Judge John L. Hy-'Minn., as Joan’s brother and a Per‘°d last year, state police land in Tama county district1 French soldier; Whit Cames of said Tuesday night in a report court.    'St. Paul as the Archbishop of    to the state    education depart- The case was dismissed in the ; Reims; • Jamie McAndrews of    ment. interests of justice and Bauch Hereford, Texas, as an English The survey of 360 local police cited insufficient evidence on soldier; Dennis Oliphant of| stations covered only accidents which a finding of guilty could;Marion as a scribe, and Vincent occurring between 7 a m. and 9 be sustained in a jury trial. Iannone of Norwood, Mass., as a rn. It showed that the jump in There were no eye-witnesses to Brother Ladvenu.    pedestrian accidents came pri- Tudor’s operation of the motor James Bruce, drama tech marily because of mishaps in-vehicle, Bauch said.    nical specialist on the Coe facul- wiving youths aged 13 through Tudor was arrested by a state ly, will plav the part of Captain 16- Thirty-one youths in the age trooper Dec. 23 at 2:45 a m. on Lallire, and Gael Hammer, as- «r°up were involved in pedestri-highway 8 cast of Traer. He was sistant professor of theater, will an accidents during the period, bound to dsitrict court by    Mag-1    play the Inquistor.    compared    with eight a year istrate George Stein Jan. 7.    j    The play will be directed    by    ago. truckers" shutdown started and the spokesman said. "I don’tj-= 07^mme"r'ce'tanS-!“^1:^    SIT* „ I« r    School there are enough rigs on hand know anybody who doesn't want mark survey being “slow in get-    ’    ' flylOT to carry the rest.    to load.”    (mg going,” Flanigan said. John Stiles, director of the; Officials said there was an    Disagrees state department of agriculture!unusually warm growing season;    8 marketing division, said, “Be-lexeept for one freeze in De-!    Flanigan disagreed    with, cause of the weather, the yield comber. That meant most of the!Culver’s contention that our de- “We are at this time trying to is not high now and we definite- winter crop was harvested and pendency on Arab oil can throw;obtain more detailed informa- ly have the trucks to handle it.” shipped before the shutdown our balance of payments into a Hon directly from these cor- ai ancj architectural experts. Max Goza, manager of the began last Thursday.    “frightening’’situation.    I    potations    as    to the extent of j *rbe new school, which opened huge Pompano Beach Farmers’ In addition, they said, the Dc- “I think it is a manageable|[he,r business conducted in jagt fajj was one of 40 schools I    -    -    -I      _    .    .    it    I AlifH " Ha ontrl • * Kl 14 «■ I s-v aha    1 corporations, he said .with 28 of; this number apparently having “some influence from outside! the United States. Design Honored The design of Taylor elementary school and rehabilitation center has received a special citation from a jury of education- in J Market, said that loading docks    comber freeze and heavy rains    problem,” Flanigan said. Also    !^.va’ sa^’ * hut are    not at the market were empty be-    destroyed many crops, cutting    under quizzing by Culver, Flani-    be10!! ver7 successful, cause there was nothing to ship the amount of vegetables avail- gan defended President Nixon’s    Meeting    Set — not because there were no able.    State of the Union statement we    pje afjde{j that the only    way to truckers.    They also noted that the I lori- will have the capacity for en- ^ind out whether there is foreign “Yesterday afternoon... da highway patrol was escorting ergy self sufficiency by 1980. ownership is to ask the owners close to IOO trucks loaded out of    convoys of drivers who wanted    Culver commented that    Van Horn said the Iowa    de- here and headed for northern    to keep working.    “maybe you think that just by    payment of commerce has    set markets,” he said. “There is un-    A survey of farmers’ markets,    saying there will be no reces-    up a series of meetings to    ac- certainty among the drivers, truck brokers, state and federal    sion it makes it so.”    quaint the public with the im- but everything is moving.” market officials revealed that    Flanigan said he    regrets    last    portance of foreign trade to the A spokesman for Grecnstein as many or more trucks left    summer’s soybean    export    ban    state and the state’s role in such Co., a large Pompano Beach! Florida produce docks last week    because it puts us    in the posi-i    trade. Culver said he thought truck brokerage firm, said,as in the same period in 1973. Ition of being an unreliable there is a “need to strengthen in the country honored by the American Assn. of School Administrators and the American Institute of Architects. The $1.3 million school is designed to serve both normal and physically handicapped children. Designed by Architects Associated, the school is mostly brick and concrete with rough cedar on the interior walls between classrooms. All areas of the building are accessible to the handicapped. nearest Hickok Hall. Judge Drops Case Against Traer Man TOLEDO — On the motion of Tama County Attorney Jared O. Bauch, the case of Charles Michael Tudor, 23, Traer, charged SMULEKOFFS 2 Vt acres of everything for tho homo Drapery Department, 2nd Floor CMIII CI/ACCtC    FREE    PARKING IW S Iii' sPli a fi Ii is    around    Smulekoff's store today, Sunday, ITI \m ■■ Wm Im \0 I 9 nff    parking    meters to pay. Open Thursday 9 a.m. to 9 p.m. Friday and Saturday 9 a.m. to 5 p.m. Real Reason Carpet Sale Our Carpet Warehouse is Full To The Ceiling! The Sides Are Bulging! New Carpets Are Coming in Daily! We MUST SELL OUT No Less Than 110 Rolls of Carpet Now! Our Ridiculous Prices Start at Only $2.88 Sq. Yd. Don’t Wait! Save Many Dollars Now! Open Thursday Night ’til 9 20% off Casement Draperies The draperies that “see through" your desire to be different! 48x84 72x84 96x84 120x84 1x84 Reg. $16.99 Reg. $31.29 Reg. $39.89 Reg. $53.99 Reg. $62.99 $13.59 $24.99 $31.99 $42.39 $50.39 Machine washable, no-iron casement draperies put you and your home in a new fashion light with an open weave of exotic artistry! You’ll love the window treatment they provide and the way the unique “neat pleat" is tacked to stay in through wear and washing. Choose from a rainbow of colors to match your decor. Buy this week and save 20% on these elegant, open weave casement draperies. Example I Regular $6.95 Nylon Carpet Cobblestone textured, contin- SOSS uous figment, in bronze, gold w MWW and forest. Jfa Sq. Yd Example 2 Regular $6.95 Nylon Shag Heat-set twist. Very durable. S 4ft ft ft Choice of bronze, peacock, J®® lime/gold. Mm Sq. Yd Example 3 Regular $6.95 Curved Pattern Nylon pile. Long wearing. Damask red. *"JOO Mm Sq. Yd Example 4 Regular $7.95 Shag Plush Carpet Dacron pile. Thick plush. Your S*088 choice of lime mist or imperial w ^ blue. Sq. Yd Example 5 Regular $6.95 Nylon Shag Heat-set twist, foam back. Se- $ O O lect from orange, red, gold or « VV V Sq. Yd Example 6 Regular $8.95 House 'N' Garden Acrylic pile Duragon back. S^^ftft Your choice of Patriot red or ■ Avocado. Sq. Yd Example 7 Regular $9.95 Nylon Shag Heat-set twist and ^ ML 00 extra heavy. In bronze/gold color. Sq. Yd Example 8 Regular $8.95 Nylon Carpet Sculptured pattern. Long C MOO wearing. Your choice of blue- VU brown-rust green. TP Sq. Yd Example 9 Regular $9.95 Shag Plush Nylon pile, thick dense in \flKK Gold or Palm. U “ Sq. Yd Over I OO UNBEATABLE Values! Bring Your Room Measurements To SMULEKOFF'S Carpet Department ;

Clippings and Obituaries for the Cedar Rapids Gazette