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Newspaper
Lompoc Record
Location
Lompoc, California, United States of America
Date
Apr 23, 1974
Page
3
President Nixon plans a sufficient and complete reply to the House Judiciary Committee subpoena for Watergate tapes and documents. White House aides say the response will likely be edited transcripts, not the full tapes, addressing a second request for additional information as pressure grows from lawmakers and Ford.
In New York the Mitchell Stans conspiracy trial paused for hours as judges weighed admissibility of government listings of phone calls and meetings from 1972 73. Defense contends scheduling alone proves nothing while jurors await proceedings shifting toward possible Thursday deliberations.
Pittsburgh based report shows Gulf Oil and Standard Oil of Indiana posting strong gains. Gulf Oil earned $1.49 per share in Q1, up 76 percent from a year ago, while Standard Oil of Indiana reported $3.13 per share on $219 million earnings, up 81 percent. Ashland Oil also rose, with six months ending March 31 earnings at $2.15 a share, $53.8 million net.
Johnson plans to resign as administrator of veterans affairs after Gen Haig met with key lawmakers and aides. Nixon aides signaled urgency to fix VA problems amid criticism from World War II and Vietnam era veterans, including the President's son-in-law, over benefits distribution and hospital operations.
Vice President Gerald Ford told ANPA editors and publishers that he expects President Nixon to cooperate with the House Judiciary Committee within 48 to 72 hours regarding subpoenas for 42 Watergate tapes. Ford defended Nixon's innocence on impeachable charges and explained his choice not to read transcripts to avoid a conflict of interest. He also said Nixon would not seek the 1976 presidency to stay as White House liaison.
Labor Minister Yitzhak Rabin won the Labor party vote to succeed Golda Meir and form a coalition government. He faces a 21 day deadline from President Katzir to assemble partners or face new elections. Rabin, 52, sabra, former army chief, warned of a tough task ahead.
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