High Point Enterprise Newspaper Archives Jul 22 1974, Page 31

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High Point Enterprise, The (Newspaper) - July 22, 1974, High Point, North Carolina 10a High Point Enterprise monday july 22 1974 the Harris Survey Confidence in economic policies drops by Louis Harris with the Job rating of the Nixon administration for keeping the Economy healthy at an Al time Low of 8314 per cent negative the american people no longer have Confidence that the fed eral government knows How Louis Harris to prevent a great Depres Sion or even to control a re cession Many economists have Long argued that through changing tax rates govern ment spending policies Price and wage controls and monetary management a major economic calamity could be avoided at one time the Public went along with such theories but this is no longer the Case Here Are some of the High lights of current Public think ing about what the Federal government can and cannot do to keep the Economy from runaway inflation on the one hand or a severe recession on the other by 4929 per cent most people disagree with the description of Federal re serve Board policy that inflation can be controlled by raising interest rates thus making it harder for people to buy such things As houses and automobiles by 4628 per cent the Public does not feel that a 12 per cent inflation rate is a cheap Price to pay to main Tain full employment and Prosperity on taxes the Public View in effect is a one Way Street people Are willing to experience a tax Cut As a stimulant to consumer spending but Are not willing to admit that a tax increase in inflationary times might reduce inflationary pres sures the Public favors tax cuts in slow times to main Tain Prosperity by giving peo ple More Money to spend by 6720 per cent but by 6716 per cent the Public rejects the opposite proposition that one Way to control inflation is to Cut Down consumer spending by raising taxes when asked the Bullseye questions about the Federal establishments capacity to Stem the tide of either a re cession or a serious Depres Sion the Public has serious doubts recently a Cross Section of 1512 households was asked nationwide Tell me if you tend to agree or disagree that read is not agree agree sure the Federal government now knows enough about How to control recessions 31 49 20 the Federal government now knows enough about How to pre vent a great de pression 35 44 19 in recent times the Federal government has taken off All wage and Price controls in an Effort to allow free Market forces to work to bring inflation into line but the rate of Price increases has soared Over an annual Mark of 10 per cent the Federal Reserve Board has maintained a policy of tight Money Supply in order to keep interest rates High to discourage borrow ing and spending yet in turn the High interest rates have had a severely Damp ening effect on the Stock Market democrats in Congress have advocated a tax Cut to give consumer demand a shot in the Arm but administration spokesmen have opposed such a Cut on the grounds that it would fuel inflationary fires even higher1 big zoo the National zoological Park in Washingtond exhibits 2500 animals of about 800 different species among which Are 400 kinds of Birds 200 kinds of mammals and 200 kinds of reptiles and amphibians i fur storage Safe cold vaults e4174 cleaner launderers 1670 English let our experience work for you design service funding tax benefits pension plans helping you through life Dave Bishop sales manager 120 w Lexington ave High Point no 8823378 helicopter crash kills one Marine Jacksonville no Marine was killed and four reported missing saturday night after a Marine corps helicopter crashed into the Mediterranean sea military authorities at the new River Marine corps air station report a spokesman said the cd 53d aircraft assigned to the Marine medium helicopter Squadron at new River went Down late Friday while on a routine night training mis Sion with units of the us 6th Fleet the helicopter was carry ing four crewmen and three passengers two passengers were injured one seriously the spokesman said dead is 1st it John g Vanklooster Copilot of the new River air station miss ing at sea were 1st it James m White capt Gregory c Lee Lance Cpl Tony l Peters and Cpl Anthony w Scheck the injured passengers were identified As maj Edgar r Stebbins and capt Lauren m Mckenzie hometowns were not yet available the spokesman said the Marine medium helicopter Squadron is assigned to the 34thtmarine amphibious unit an element of the us 6th Fleet the Squadron departed new River in May Capitol letter what Are Terry san Fords chances by Robert b Cullen associated press writer Durham no in the intellectual clutter of his study Terry Sanford can almost make it believable As lie sketches the scenario for the next two Yea sit seems like it All very Well could happen and he could be elected president of the United states new rules which he is helping to formulate could deny any democratic candidate a first ballot Nomina Tion in 1976 the convention could turn to a dark horse a moderate with a new face All weve got to do Sanford says is get ourselves organized in All the states apart from North Carolina weve got to win maybe one other primary then the lightning Rod would be in place and All that would re main would be taking it to the democratic convention but after leaving the modern scandinavian spleen Dor of the Duke University presidents House one has second thoughts Sanford scenario begins to sound More like the talk of the feisty Little kid on the Cor Ner explaining How with a left to the gut and a right Cross to the jaw Hes going to Knock out the neighbourhood bully it rarely worked out that Way for the feisty Little kid he generally wound up flail ing futilely while the bully held him off at arms length too is Likely to fat breakfast with Louise at am Whitehouse restaurant 2409 s main Street hours Mon tues wed 6 am til pm thurs Fri sat am ill pm youll be Clad you did i furniture bargain of the week 4 piece living room Den group sofa bed chair swivel Rocker ottoman scotch guard Herculo compare at our discount Price direct furniture sales 108 e Commerce St e 72 24 Hedgecock has All of your masonry needs blocks Brick br1xment Cement White Cement Sand stepping stones splash blocks american Levels Rose trowels sack Rete Concrete mix in 45 90 ibs Sand mix in 45 80 ibs mortar mix in 45 80 ibs Hedgecock builder Supply go of High Point 1213 Ward St Call 8824 Nonty of free off Street delivery run into a bully in the person of Alabama gov George c Wallace the Sanford strategy must be predicated on grabbing National attention and establishing himself As a Credi ble candidate by derailing Wallace in Nort Carolina the new South rises at last but Wallace casually wiped Sanford out in North Carolinas 1972 primary there is no evidence that his debilitating gunshot wound has cooled the ardor of his partisans in addition Sanford faces some obstacles within the state the repeal of the food sales tax promises to be a major statewide Issue in the next few years reminding voters that it was Sanford who first asked that it be levied and Sanford is not Lively to have a unified state party backing him Many North Carolina democrats will not want to alienate Wallace voters by backing Sanford others will resent his candidacy for siphoning off Money and workers from the gubernatorial and Council of state races there is a possibility of course that Wallace will not enter the North Carolina Pri Mary much could happen be tween now and then but unless Wallace does a Sanford Victory would be somewhat hollow it would not have the Impact needed to thrust Sanford into the presidential picture but an exercise in political cynicism would not be com plete without a caveat almost no one in 1970 foresaw the circumstances that would catapult George Mcgovern to the democratic nomination two years later and if any potential Candi dates 1974 position parallels that of Mcgovern in 1970 it would probably be Terry san notice annual Oakview Community service stockholders meeting at 1013 skeet club re pm August 2 Steve Ritchie for Congress fund raising dinner Barry Gold water main speaker and us senator Jessie Helms per person july 25 pm Holiday inn four seasons High Poi a Road for information and tickets 2888778 2928977 2887058 John Hawkins chairman Steve Ritchie for Congress committee a copy of our report4iled with the appropriate supervisor is or will be available for Purchase from the superintendent of documents u s government printing office Washington do 20402 High Point merchants Assn High Points first City wide semiannual clearance on summer featuring Gigantic discounts and humongous savings All Spring and merchandise also featuring free prizes each Day in Many Many High Point stores a look at these winners Belks Jimmy Randle Mann Dru Westchester Juanita Jones Tobia Westchester Richardson Tobias downtown Catherine Moffitt Sears Roebuck Phil Eaton fashion shop mrs Johnnie Alexander Friedman fashions Neal Dalton it 25 shop your local High Point merchants for better bargains they want your business again so treat you right every time e7774

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