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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - November 9, 1974, Lethbridge, Alberta Saturday, November 9, 1974 iHE LETHBRIDGE HERALD 31 LEAN OUT EFTOVERS IN YOUR TTIC BEFORE THEY TART A FIRE. ELL THEM N A HURRY BY F AST PROMOTION N A WANT AD r EVERYONE READS AND EPENDS UPON Tie Lethbrldge Herald CLASSIFIED DS TO GET ESIRED AND PEEDY RESULTS 328-4411 today for the experienced writer who will help you to get more 3S and profits through an in- ensive program of result-getting ibridge Herald Classified Ads. It's d business. e Lcthbridoe Herald Peasant families celebrate emancipation from wer line BOMBAY of peasant families in India's Uttar Pradesh State recently celebrated their emancipation from "slavery." Shiv Charan, a 72-year-old farmer, was so excited when he heard that all his debts had been written off by tu.3 government that he suf- fered a major heart attack. But this did not prevent Mr. Charan from giving a dinner for some 500 people in his village in Azamgarh district. More than four million poor families have been told by the government that they do not have to repay the loans they have taken from money- lenders. The loans involved total more than million. "This is democratic socialism in said Chief Minister H.N. Bahuguna, describing the spectacular write-off of peas- ants debts. "The loan-sharks kept the peasants as their virtual slaves so long as they were not able to repay the loans. Most peasants could not in fact repay the amounts for years." The government's action ends an unjust and often cruel practice which has existed in' the villages of northern India for nearly 500 years. Often, a peasant, his children and grandchildren have had to work as laborers on the moneylender's farm for years, a part of their wages being adjusted against the loan. One to work for 14 years on a money-lender's farm to be able to pay back a loan of less than To be sure, in Indian rural conditions is a big loan. But there have been instances of peasants being forced to work as virtual slaves when they were unable to repay even small loans of The government's action, writing off peasant loans, has posed a ticklish problem. With the money-lenders out of the picture, who will go to the rescue of a poor peasant if he wants to borrow some money badly? Chief Minister Bahuguna says the government intends to set up co-operative banks. Said one money-lender: "We will stage a comeback. The peasants just cannot get along without our loans. Maybe, we will improve our methods but we are indispen- sable." American mines gear for two-week strike WASHINGTON (AP) Ne- gotiators report progress to- ward a new coal industry con- tract but across the United States the mines prepared for at least a two-week strike. The majority of the members of the United Mine Workers (UMW) finished work Friday and were not ex- pected back because most mines don't operate over the weekend and Monday is a miners' holiday. The strike will begin of- ficially at Tuesday when the current UMW contract runs out. Even if a settlement can be reached over the the negotiators union's complex ratification process requires about 10 days. B.C. auto insurance service withdrawn VANCOUVER (CP) British Columbia's member Insurance Agents' Association went on strike Friday against the Insurance Corp. of B.C. Agent spokesman Jack McBeth said all agent ser- vices to Autoplan customers have been withdrawn until the government-owned corpora- tion improves its commission offer, which the IAA says violates an existing contract and reduces agent income by 11 per cent. About 300 pickets demonstrated at the down- town ICBC headquarters. Norman Bortnick, vice- president and general manager of ICBC, said the directors met in Victoria Thursday and decided that "our O-'fer to the agents stands as earlier announced." The ICBC has offered agents a new commission rate for its second year of opera- tion of seven per cent on basic coverage, 10 per cent on ex- tension coverage, and a flat fee for all new and renewal transactions. The corporation paid agents nine per cent during the first year of operation. The agents say the original contract does not expire until the end of next year and ICBC has not given any consideration to the effects of inflation on agent Banking difficulty denied Herald News Service MONTREAL Fred H. McNeil, president of the Bank of Montreal, denied Friday that the bank is experiencing financial difficulties. In a statement issued following published reports linking negotiations on the future of the Laurentian Hotel here with the bank's financial position, he said: "News media rumors speculating that the Bank of Montreal is in financial dif- ficulties are false and ill- informed. "Categorically, the bank has not suffered losses in its foreign exchange dealings in any manner whatsoever. "The statement that we have been- unable to raise a debenture issue is untrue. The bank did in fact issue a million debenture issue at the end of August." He said the Master Charge program has not suffered losses and described its launching as "an outstanding success." "These he added, "are based on a speculative article in Thursday's Montreal Star They are not founded on fact and are totally irresponsible earnings. They say they need a 15-percent increase to stay in business. Mr. Bortnick said the agents misunderstood the agreement, which specifies it can be terminated by either side on 15 days' notice. In Victoria, Transport Minister Robert Strachan said the government will do whatever is necessary to en- sure that people have their in- surance needs taken care of. The agents are independent businessmen "and if they want to abandon their business, that's up to them." UMW President Arnold Mil- ler, who has ruled out ex- tending the contract, said he would return to the bargaining table today with his union's response to the industry's latest contract offer. As the talks ground on, in- dustries started preparing for possible shortages of coal: Atomic Energy Com- mission, in response to an ap- peal from the Tennessee Valley Authority, began cutting back on power for uranium enrichment plants at Oak Ridge, Tenn., and Paducah, Ky. and Western Rail- way Co., dependent on hauling coal from Appalachian mines, prepared to lay off employees. bankrupt Penn Central railroad, the largest coal hauler in the U.S., said it would face losses of million a week from a coal strike. steel companies set up contingency plans for a strike but most were not planning to cut production yet. Although union and industry negotiators say they are mak- ing progress and are pressing for a settlement, they met for only a total of about four hours Friday before recessing for the day. The union apparently wanted time to study the latest industry offer, which Miller said still left the two sides far apart on a number of key issues, in both economic and non-money areas. The union chief, conducting his first negotiation since his election two years ago, predicts the strike will last at least two weeks, provided a is reached this weekend which will meet with membership approval. While the federal govern- ment paints a grim forecast for the economy if the strike goes much beyond two weeks, officials acknowledged that little can be done to head off a strike'. President Ford could invoke the Taft-Hartley Act to order the miners back to work for an 80-day cooling-off period. But government officials believe that such a move would be in- effective and only prolong the walkout. bombers arrested WASHINGTON (Reuter) A man and his wife were arrested Friday in connection with the bombing of 11 power line towers in Oregon last month, the FBI announced. An FBI spokesman said Da- vid Windsor Heesch, 34, and his wife. Sheila, were arrested in Portland, Ore., and charged with mailing threatening letters demanding million from the Bonneville Power Administration to prevent other towers being blown up. Three towers were toppled and eight others badly damag- ed in four separate bombing incidents last month. The FBI spokesman said letters purporting to come from an organization calling itself the Reorganized Veterans of Vietnam, also were sent to the FBI and a Portland newspaper giving instructions as to how the money should be paid. Wheat to India NEW DELHI (Reuter) Canada has shipped more than- metric tons of wheat to India to help meet the present grain shortage, the Canadian high commission said here to- day. New textbook dispute near CHARLESTON, W.Va. (AP) Education officials and textbook opponents here appear headed for a new confrontation in the wake of a school board decision rein- stating controversial texts for student use. At issue are textbooks the protesters consider un-Ameri- can, immoral and sacriligious. As the Kanawha County board of education decided Friday to return all but two series of the controversial books to the classroom, angry anti-textbook leaders were urging parents to close the Kanawha County school system. Kenneth Underwood, county schools superintendent, prais- ed the board's vote, saying it "took into consideration the entire county. "At no time can a system be governed by the decisions of a small segment of the commu- he said. The texts to be returned to the classroom include ex- cerpts of works by Allen Gin- sburg, James Baldwin and Eldridge Cleaver. The school board had ordered the books stored at the height of the protest pending board action on recommendations made by a textbook review committee. You read lo learn. Through reading you learn about 1 h ings, you have never experienced. Reading brings new ideas and 1 heights Mr. 11 opens up a whole new world. That's what advertising dees It informal io one source toanotner. Advert is ing you with a product, bringing this product Jo your attention, by putting il m-front rj yojrrycs Adverli a choice bygivingyou opportunity to makf up your cwnminri CAPfi -rJstttHtl' ;