Page 1 of May 28 1970 Issue of Mount Pleasant News in Mount Pleasant, Iowa

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Mount Pleasant News (Newspaper) - May 28, 1970, Mount Pleasant, Iowa The it pleasant news two sections vol. 92, no. 126 it. Pleasant Iowa thursday evening May 28, 1970 Price to cents showers these Days by Joan Chamberlain Why does no to the Economy simmer Down the Stock Market Falls yet our industrialists go on borrowing Money to build new capital. Plant. This makes no logical sense for if there is to be a Market for . Goods in the future As our industrialists obviously believe people ought to be buying Stock in the industrialists companies. If the men making the decisions to expand their operations Are Likely to have second thoughts it is not apparent from recent surveys. The latest Roundup by Pierre Rinfret of the Rinfret Boston associates shows that a american Industry is planning a dramatic increase in Long term external financing during 1970.�?� says or. Rinfret a this Means Long term interest rates ainu to coming Down and May go its really wild. President Nixon a advisers keep hoping the Economy will Cool and they have had some Small effect in reducing overtime work and even in reducing employment. However prices done to respond. Nor will they respond if capital investment persists in being a prime expansionary Force in the Economy. Money spent on capital Plant becomes consumer purchasing Power when the machine tool workers the construction workers the teamsters the miners and All the other people engaged in the processes that result in putting up new buildings and installing new equipment take their earnings to the grocery store. The marxists and the classical economists have a1 ways agreed on the a double action results of capital investment. When you have it you can to Dodge Prosperity. Or High prices. Too Rinfrett a Survey results show that a the Utility and communications sector which provided the most Complete figures reported the largest planned expenditures by these industries so Rinfret says a Are programmed to Rise by 18 per cent and Long term external financing by an extraordinary 79 per cent. The manufacturing and other industries collectively plan an increase in capital spending of 8 per cent and a Rise in Long term external financing of 42 per How Are the boys going to get the Money to build and expand the Bond Market As or. Rinfert says is already a overloaded and stocks Arentt Selling Well. There must be some mystical Faith involved in the industrialists intentions to Send eight billion More dollars this year on investment than they did in 1969. But somehow they always manage to get the Money. Further there must be something contagious about the optimism engendered by the act of construction. The capitalists engaged in expansion Are betting on the future of the country. So Are the construction workers who turned out commencement activities to open at inc Friday night the Board of associates Mary Harlan Lindon club dinner Friday night opens commencement activities at Iowa Wesleyan College leading to the graduation of 180 seniors in ceremonies monday morning. Or. Louis a. Haselmayer Wesleyan president will be speaker for the associates Lincoln club dinner set for the student Union at 7 15 . Saturday is alumni Day and six vents have been planned for Alum ins August will be recognized monday morning. Too the president s breakfast for seniors is scheduled for 8 30 ., j sunday at the student Union and the presidents open House at 611 East Washington Street will be 3-5 ., sunday. Breakfasts for the Alpha i Delta i Beta Phi and Zeta Tau Alpha sororities Are scheduled for monday morning. A Post commencement luncheon is set for the student Union dining Hall at noon monday. Wesleyan will Confer honorary doctors degrees on Mccracken memorial Day Parade will Start at 9 30 those participating in the memorial Day Parade and services Are reminded that the Parade units will assemble in front of the american legion Post Home Between 9 and 9 30 a Saturday May 30th. The Parade will Start moving promptly at 9 30 . The program at the memorial Marker in Saunders Park near the Henry county memorial Hospital will begin just As soon Sis the marching units reach the area. Sgt. Derrell Goddard announces Koop and governor Ray. A Well As the following Parade . Mrs. Irene Kerr president of the supreme chapter . Sister ted Koop Iii capped by the 6 30 ., alumni banquet in the student Union where ted Koop vice president of lbs is featured speaker. Or. Koop a former Des Moines reporter and a graduate of the u. Of Iowa began a 50-year communications career As a 12-year-old reporter for the Hood or. Melvin Payne presi newspaper in his Hometown of i Dent of the National geographic Monticello Iowa. Society and Ellsworth Walker. Class reunions for the classes of treasurer and executive Secretary 1920, 1925, 1930. 1935 and 1940 will be held in the student Union saturday afternoon and the inc alumni association and Board of of the permanent fund of the Iowa conference United methodist Church. Commencement weekend schedule trustees will conduct meetings on Friday May 29 Campus during the Day. Gov. Robert Ray Iowa governor Robert Ray will deliver the sunday morning baccalaureate address at 10 45, while Paul w. Mccracken chief econom a demonstration Force of 150,000 in adviser to president Nixon will new York City the other Day to affirm their Faith in Nixon a cambodian policy. Too or. Nixon can to Hope for very much by Way of deflation if the capitalists keep insisting on Flushing the Economy by their construction outlays. But the patriotic gestures of the construction workers should enable the president to Swallow his disappointment on the economic front. In the Long run the Only real Hope for a balanced budget a and falling prices a resides in a decrease of military expenditures. Nixon is pushing his activities up in Southeast Asia in order to bring our participation in the War to an earlier close. The construction workers have Given him some reassurance that the College generation which is not old enough to have experienced the satisfaction of building anything does not speak for the country. Eventually Well manage to conclude our front line participation in the vietnamese War with Honor. Then with the new capital Plant turning out a plethora of goods Well be in a position to solve those problems of inflation that now seem so intractable. Distributed by King features Syndicate give the main address at the to . Commencement ceremonies monday. Or. Mccracken is a native of 7 15 .�?Board of associates Mary Harlan Lincoln club dinner speaker or. Louis a. Haselmayer president Iowa Wesleyan College. A Iowa Wesleyan a 1970�?� saturday May 30 alumni Day 9 30 of trustees meeting International room Library. 9 30 .�?alumni association Board meeting Mansfield room Wesleyan Library. 12 15 .�?Board of trustees and alumni Board luncheon. 1 30 .�?annual meeting alumni association social Hall student Union. 2 30 .�?class reunions 1920, 1925. 1930, 1935, 1940, social Hall student Union. 6 30 .�?alumni banquet student Union dining Hall speaker ted Koop vice president of lbs a the communications revolution 9 45 . Informal alumni get together it. Pleasant country club. Sunday May 31 8 30 .�?president�?Ts breakfast for seniors student Union dining 1. American legion commander veterans of foreign wars commander National guard commander army Reserve commander and world War i Barracks commander. 2. Veterans of foreign wars and american legion carrying colors. 3. Firing squad. 4. American legion Bob Tribby Post no. 58. 5. Veterans of foreign wars Post no. 2561. 6. National guard. 7. It. Pleasant senior High band. 8. Army Reserve. 9. Daughters of american revolution. 10. Daughters of Union veterans. 11. American legion auxiliary no. 58. 12. Veterans of foreign wars auxiliary no. 2561. 13. World War i Barracks auxiliary no. 1535. 14. It. Pleasant Junior High band. 15. Boy scouts. 16. Cub scouts. 17. Cadette band. 18. Senior Cadette Junior and Brownie girl scouts. American flags and Floral sprays have been placed on the Graves for More than 800 deceased veterans in cemeteries in the it. Pleasant area. Discover Camps in four base Cosyn Saigon up it a South Vietnam Cambodia entering its fourth week Mese troops reported killing 76 North vietnamese regulars in a official military sources in Saigon said american infantrymen had four hour Battle today near the discovered four base Camps in the Demilita wed zone. Cambodian communist Headquarters known As forces repulsed invading comm Cosyn a the Central office for nist units in Street fighting in the South Vietnam provincial. With the Allied offensive in from Cambodia Suharto agrees with troop withdrawal ice Cream fever Rascal 34-year-old mexican double Yellowhead Parrot spoons himself a big helping of ice Cream in Home of mrs. Margaret Boudat Bradford a. It s his favorite delicacy in warm weather. The Breed lives to 70 years. President Nixon in announcing the Start of the offensive on May i said Cosyn was Hanoi a War Headquarters and declared that one of the main purposes of the Allied Campaign in Cambodia was to destroy it. The casualty re port issued today for the week ended last saturday said 142 americans were killed in action in Vietnam and Cambodia 75 less than the previous seven Day period. But South vietnamese casualties last week Rose to their second highest level of the year with 734 men killed. The allies reported killing 3,321 North vietnamese and Viet Cong. A report on the four hour Battle in the far Northern Quarter of South Vietnam today said a battalion of North vietnamese infantrymen about 600 soldiers stormed out Market has Strong gain again today Wash i Noti a up a indonesian president Suharto held a final 70-minute conference with president Nixon and flew to new York Nixon said their two Days of meetings went a very no official communique was released after the meeting but while in Washington. Suharto urged that of Quot the Jungle at 1 30 . And tried All foreign troops american overrun a South vietnamese a South vietnamese and North Viet m a by base j5 much a h of que. Namese a be withdrawn from Cambodia. Ang tri. Field reports listed 76 North a 21-gun Salute Wras sounded and j vietnamese slain against South the Marine drum and Bugle corps vietnamese losses of three men played As Suharto left the White killed and two wounded. The South House vietnamese reported capturing 40 at an indonesian embassy recep weapons. Tion wednesday Suharto told c. _ the report on discovery of the the Dow Jones Industrial average Rise Ever recorded and reversed at newsmen i believe that All foreign lease Camps Lent weight to jumped another 19 51 Points As of least temporarily the most prolong forces should be withdrawn from 2 15 . Thursday on the heels of cd Stock Market decline since the Cambodia a speaking through an interpreter Suharto added a that would in swimming Pool will open saturday the it. Pleasant municipal swimming Pool will open for the season saturday May 30, at i ., weather permitting. The closing hour is 9 . Jon Cook it. Pleasant Junior High coach is managing the Pool this year. Lifeguards Are Suzanne Clark Tom Galer Jeanne Mccabe Terri Elgar Messer and Brenda Turley. Working in the Basket room will be de Ensminger and Denise Kennedy. Qualified personal will be on duty at the Pool at All times while it is open and registration for Junior life saving will begin after the. Pool opens. The Henry county red Cross swimming program is nearly filled. 10 45 .�?baccalaureate, speaker Robert Ray. Governor of Iowa i .�?Phi my luncheon. Harlan hotel reservations mrs. T. C. Padley 1104 West Saunders it pleasant Iowa. 3-5 .�?president�?Ts open House or. Louis a. Haselmayer Host. 611 by up East Washington Street it. Pleas israeli warplanes swept Over the ant Iowa. Suez Canial today in the seventh 6 30 .�?heta Theta Pipii consecutive Day of air raids against wednesdays record breaking 32.01 depression. Points the Index of 30 selected stocks new York up a Wall Street r0se to 663.20 from 631 16. Gave the Nixon administration dra volume on Wall Street wednes Matic news wednesday and the Jay was tiie heaviest since major president apparently gave some of Hanks announced a Cut in their the nations top businessmen some prime interest rates on March 25. Encouraging reports. Wednesday s turnover expanded to by june 30 elude . And South vietnamese forces As Well As communist sources close to Suharto said he had been assured All american troops would be out of Cambodia at the same time however Suharto expressed belief that a the achievement of South vietnamese and . Forces in Cambodia will accelerate the Vietnam nation claims by us. Officials in Washington that the cambodian offensive was paying great dividends. Official military sources said an estimated 1,000 soldiers who had been guarding the Camps plus the commanders themselves had fled the base Camp area in the fishhook salient of Cambodia 70 Miles North of Saigon. The Viet Cong and North vietnamese Headquarters known As Csan was a prime target of the cambodian offensive As described by president Nixon in a nationwide television address april 29. A if you equate Cosyn As people then no Quot it has not been found one source said. A but if you equate it to buildings radio communications yes a it has. A a they be now moved the Headquarters itself out of the 21-mile Belt in which . Forces Are per Kent. Ohio up a the Board fitted to operate a a military of of trustees it Kent state University facial said indicating the comm sues rather than evading them voted today to hold Spring com nist commanders have moved to in me Cement As scheduled june 13 terror Cambodia out of reach of and tentatively planned to reopen american troops. June 22. The University was closed he said the . Soldiers Quot to party. For All practical purposes proven Leader a to counteract stall 4 when four students were shot found their four base Camps have each Republican and Democrat Leys barnstorming method of All to death by National guardsmen. Searched two of them and will go candidate in these districts need out campaigning. Usu president Robert i. White through the two others before Only one vote to receive the nod All three of the democratic Pri recommended that commencement president Nixon a june 30 deadline for the november general election Mary candidates have condemned bed As scheduled after consult for their withdrawal from Cam the most heated congressional the involvement of american Jtb Campus Security police. Bodia. Race is in the 1st District in South troops in Cambodia. East Iowa where republicans have Mezvinsky a 33-year-old lawyer a Choice Between two candidates noted for his campaigns for Highland democrats looking at a three Way safety and improved meat in the Dow Jones Industrial average 17.640,000 shares. Advances held a a the most closely watched Indica 1,312 to 191 bulge Over declines tor on Wall Street a climbed 32.0i gains of $5, $6 and $7 a share were Points. It was the largest single Day sprinkled throughout the list. Heated race in first congressional District a humdrum Iowa june 2 Pri that Congress is a tired ineffective Mary shapes up for voters going to and out of touch with what the the polls to select congressional people Are thinking. A a we be got to candidates in four of the states get a Congress that faces the is seven districts. In those four districts a 3rd, 4th, Stanley says. 6th and 7th a there is no primary Schwengel 62, has relied on a opposition for candidates of either theme of a select Schwengel a a to hold commencement at Kent state As scheduled june 12 israeli planes strike again Paul w. Mccracken Richland Iowa and a graduate of William Penn College Oskaloosa. The baccalaureate and commencement programs will be held in a 60�?Txl50�?T tent which was erected thursday on the Campus Lawn Between the . Memorial building and the student Union. The tent we Iii will seat about 1300 people is planned chiefly As a Protection against rain. If the weather is dry Side flaps on the big Canvas will be raised. Of the 180 seniors graduating monday 149 will receive Bachelor of arts degrees. 29 Bachelor of Sci it. Pleasant Community school j ence degrees and two Bachelor of saluted in tonight a music education degrees. Five of Mph seniors Are featured in tonight s news the graduating seniors of the Delta Theta banquet Iris restaurant. Monday june i 7 .�?Alpha i Delta breakfast Harlan hotel reservations mrs. Kenneth Hatch. Winfield Avenue. It. Pleasant Iowa. 7 30 .�?pi Beta Phi breakfast sorority House 406 n. Main. Reservations mrs. Richard Garrels. Route i it. Pleasant iou a. 7 30 .�?Zeta Tau Alpha it pleasant country club reservations Julie Fullerton Sheaffer Trieschmann Hall it. Pleasant Iowa to exercises speaker Paul w. Mccracken. Chairman Council of economic advisors to president Nixon a a strategy for the 12 noon Post commencement i luncheon student Union dining Hall tickets $1.50 each. Egyptian targets a spokesman announced in Tel Aviv. Lebanon ordered its army to curb Arab guerrilla activities against Israel from bases in Southern Lebanon. A lebanese Cabinet decree demanded that the guerrillas adhere to an agreement made last nov. 3 which bans forays into israeli territory without first checking with the government in Beirut. Lebanon is trying to prevent israeli retaliatory strikes. A Tel Aviv report on today a Suez canal air strikes said israeli fighter bombers raided targets in the Northern sector of the waterway for two hours beginning at i 20 . A spokesman said All planes returned safely to base. Boulder Colo. Up a mrs Rose Mcconnell Long widow of the late Louisiana gov. Huey Long and Mother of sen. Russell b. Long d-la., died wednesday night in a Boulder Hospital. She Wras 78 preparations were being made today to Send the body to Shreve port la., for funeral services. It. Madison Iowa up �?1 mrs had been staying with army sgt. Terry Foreman has been daughter mrs. O. W. Mcfear it. Madison Soldier killed in Vietnam Man race. The most Active congressional race has been in the 1st District where David Stanley is attempting to unseat incumbent rep. Fred Schwengel on the Republican ticket. Tile three democrats in the 1st Section in the Iowa legislature contends americans involvement in Southeast Asia has caused much of the lag in Rural development High interest rates and inflation. Albrecht who is testing his political wings for the first time has said american troops will be re District primary Are Scott county quire to remain in Southeast Asia sheriff William Strout state rep. Edward Mezvinsky of Iowa City and William Albrecht a 35-year-old economics professor from the University of Iowa. Stanley a main theme has been for the next five to to years a the Way things Are the 40-year-old Strout who was elected sheriff in 1964, says americans involvement in Cambodia is a sheer absolute utter reluctant to assess tile overnight change in Arvn a cd congressman Schwengel confers with students Fred Schwengel demonstrated furnishing refreshment for the his ability to listen wednesday eve party included or. And mrs. Dale Ming at the Home of or. And mrs White or. And mrs. Lynn Byrne. Morton Dodds As he discussed cur or. And mrs. Harry Townsend or. Rent National problems with the and mrs. Carl Register Alice wha Large group of High school and col Ley or. And mrs. Gary Brown. Or Ieese students who had assisted with and mrs. Clark Burns or. And mrs. A Schwengel Day in it. Glary Van Amerongen Don Young violence on the Campus cambo or. And mrs. Joe Harding or. Or. Dia and pollution were the three and mrs. Lyman sheets and Helen areas discussed in length by con Virden Gressman Schwengel and the Young students. The Young people for Schwengel a there is a right Way and wrong groups furnished part of the cars Way to do right things and a right and personnel for the door to door time and a wrong time to do right contacts made from 4 00 to 6 00 the congressman told the . And Velda White chair maned the High school group. Several eighth Grade students also helped. Things a group. System Are special Issue of the news. A total of Ito Young men and women will receive their diplomas at the Cottrell gym at 8 pm. Tonight thursday. The 51 students who finished College work in August 1969 will take part in the graduation ceremonies and 19 of the co who expect to finish listed by the defense department As one of the latest casualties in Southeast Asia. The 22-year-old it. Madison Man died May 24 of mortar and artillery land in Boulder. Wounds. He is survived by his widow. Diane and an 11-month old daughter., Low in Saigon up a the major accomplishment of the Allied forays into Cambodia could prove to be the emergence of the South vietnamese army As motivated hard working fighting Force military sources say. Many american advisers Are reluctant to assess the overnight change in the army of the Republic of Vietnam Arvn for fear of being accused of the Over optimism which so often has been followed by disillusionment in the protracted Indochina War. There were always some Arvn units military sources said they mentioned the 1st and 2nd Arvn divisions the Ranger battalions the paratroopers and the marines. J the top Caliper units however were an exception and the level of Many . Advisers were More impressed by the regional of militia units. The group representing several forces colleges in the District As Well As other states. John Weston chair the party scheduled from 5 30 to 9 00 pm. Honoured both or. And but the Arvn units which have gone into Cambodia a suddenly look Man of Young people for Schwengel mrs. Schwengel and approximately Headquarters in it. Pleasant said. Ninety guests dropped by to visit a it was a Good session and All of with the congressman and his wife like soldiers Quot one u. S. Adviser to a were gratified to have someone Ethel during the evening an infantry regiment said. A it Bugy As congressman Schwa Engel mrs. Schwengel will continue to another Factor May be that for Jas to a to our Side of the issues and Campaign for her husband in Hen the first time there is a military give us some realistic constructive re county As she attends three unit in the Indochina War the things we can do to help in this coffees Given in her Honor today. Cambodian army a which is even the coffees will be at Wayland at More unproven than the South no generation Gap was apparent the Home of mrs. Arthur Davison. Vietnamese army. In the group present although the Swedesburg and Olds Community finally there is the matter of ranged from Grade school on will be at the Home of mrs. Paul Good going on the offensive of seizing up. They ail liked pizza swimming e. Anderson and the evening cof the initiative for tile first time in and time to discuss issues of the fee in Winfield at the Home of or. The conflict. Day. And mrs. Lester Meeker. An adviser to one 0f the South a the Pool Side party was under vietnamese divisions previously the chairmanship of or. And mrs. Terse verse considered mediocre said. A i always Morton Dodds or. Ani mrs. Joan by a. G. Gordon did say there was nothing wrong Harris or. And mrs. Dwight me can you remember with this outfit that a few victories a inf Fey and or. And mrs. Morals and performance remained cure. The be got most units so Low that victories now. Gary a time or other the Brown. When babysitters tile a Schwengel Day committee j were known As a mothers a

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