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Nashua Telegraph (Newspaper) - June 9, 1969, Nashua, New Hampshire Today's Chuckle If you think old soldiers jutt fade away, try getting Into your old service uniform. Nashua Ntw Hampshire's Larftst Evtuliq Ntwspaptr Weather i Cool Tonight Little Change Tuesday Report On Pagt Two VOL. 101 NO. IS Continuing the New Hampshire Telegraph Established October JO, 1832 NASHUA, NEW HAMPSHIRE, MONDAY, JUNE Second Class Postage Paid At Nashua, N.II. 24 PAGES CENTS Sea Searched For Nashuans By JOHN HARRIGAN The search for three Nashua men missing off the Massachusetts coast is continuing today, Coast Guard officials said this morning. A spokesman said a helicopter is searching an area from Gloucester to the mouth of the Merrimack River arid, extending ten miles out into the ocean. Missing Since Friday The three men had left Now- buryport Friday afternoon for a day.of fishing. They were listed as: Maurice Jean, 25, of 53 New Searlcs Road; David Kufeldt, 23, flf 7 South St.; and Maurice Du- Potit, of Hanover St. Their. 16-foot outboard motor- boat found at 1 p.m. Sunday by- a Rockporl fisherman, Ellis Hodgkins. He discovered the emp- ty.craft about three miles east of an area known as Dry Salvages. The men had been reported craft, boats and land vehicles was immediately launched from the Rockport station. A Coast Guard spokesman said this morning that "all land in the immediate area" has been searched. He would not, however, com- ment on the type of weather prev- alent on the day the men disap- peared. He said they had filed a float plan at the departure point at Newburyport. The fisherman who found the craft was not available for com- ment. He had reportedly found the the Coast Guard boat overturned and corn- Saturday. A search involving air-'pletely empty. Major Banks Raise Top Interest Rates BOSTON (AP) State Street Bank and Trust Co. raised its prime interest rate today to an all-time high'of 854 per cent, fol- lowing the lead of Bankers Trust of New. York. Indications were that New England's other major banks Jsoon would follow suit. i State Street's old prime inter- est interest charged to a bank's biggest and best cus- 7% per cent. Word of the State Street boost came from H.-Frederick Hagemann, chairman of the board. He said lie felt the increase would be beneficial. "Credit should be Hagemann said in a telephone interview, "but only when a bor- rower is willing to pay for it." Asked whether he believed the increase would have detrimen- tal effect on the nation's econo- my, Hagemann replied: "Not at all. In fact, jt may even strengthen it. Previous in- creases in the prime interest rates have shown little or no sign of slowing down the infla- tionary trend." Richard P. Chapman, chair- man of the board, of New Eng- land Merchants National Bank here, said New England Mer- chants would follow the lead of Bankers Trust "only if we're ob- ligated to." Presidents Honored President Nixon aiid President Nguyen Van Thieu stand at attention during the playing of national an- thems Sunday on Midway Island during a conference on the Vietnam war situation. (AP Wirephoto) U. S. Closer To Peace, Says Defense Secretary ByBOBHORTON WASHINGTON (AP) Secretary of Defense Mel- vln R. Laird declared today President Nixon's decision to pull troops out of Vietnam moves the United States "closer to peace." Arriving from the joint U. S. Vietnamese meeting at Laird said: "I believe we return closer to peace and we now have a program moving forward to change the role of United States forces in Vietnam and in Southeast Asia." Bigger Role The defense chief said he be- lieves the U.S. effort to give South Vietnam a bigger role in the war "will bear fruit" in the coming days. Laird did not identity which units will be the first to leave the war zone. He said that will be decided Thursday by a joint service task force which is being assigned to prepare for the movement of withdrawing units in early July. Other sources indicated the withdrawn troops would not re- turn to this country, but would be held in reserve in such areas as Okinawa and Hawaii, from which they could be rushed back to Vietnam in case .they should be needed. to of The pullout is expected start with the withdrawal several combat battalions or support-type forces. The task force, to convene at the Pacific command in Hawaii, will include representatives of Laird's office and of each of the military services, and air and sea transport specialists. Laird would not forecast how the North Vietnamese would react to the initial U.S. with- drawal. "I don't make predictions as to what kind of response there will he said. Nixon Asks Billion In New Foreign Aid Funds 'WASHINGTON (AP) rhe Nixon administration opened its drive in Congress today for billion in new foreign aid funds, saying the U. S. program must continue if America is to keep its influence in de- veloping lands. Pentagon Chiefs Uncertain Over Russian Missile Power By FRED S. HOFFMAN WASHINGTON (AP) Ob- servation of a series of Soviet missile tests ,in the Pacific has left Pentagon experts uncertain whether the Russians now have multiple warheads which can be steered to separate targets. American ships stationed in Russia's Pacific testing area have watched three or four ex- tended range test shots of the giant SS9. intercontinental ballis- tic missile since April. A study of telemetry and oth- er data gathered by the observ- ing U.S. vessels has been incon- clusive as to whether the So- have multiple warheads which they fire in clusters, or whether they have mastered the technology of separately target- ing each of the warheads, sources say. Opinion thus is divided, al- though there is general agree- ment that at a minimum, the Soviets have been testing multi- ple warheads with sufficient dis- persion to threaten knockout of individual Minuteman missile sites in the United States. The United States has con- ducted at least 14 tests of Min- uteman III land-based missiles and Poseidon submarine- launched missiles equipped with multiple independently targeta- re-entry vehicles, called MIRV. U.S. Air Force and Navy sources said these tests demon- strated Impressive accuracy. The U.S.. test series began last August and is scheduled to run tor two years before the first MlRV'i can be mounted in com- bat readiness. U.S. missile men are trying 'or accuracy that would drop Minuteman HI and Poseidon warheads within a quarter of a mile of thtir targets. Dr. John F. Foster, Pentagon PIZZA by Charles thruout New England 147 W. PEARL ST. Finest in Pizzas Grinders (all varieties) Regular 90c PLAIN PIZZA TUESDAY 889-4542 11 A.M. to 2 A.M. Men. thru Sat. Sundtyi 3 P.M. to Midnit. "We must face up to the fact that politically, the United States cannot drop out of partici- pation in the struggle for devel- opment and still expect to re- main influential and relevant in the developing Elliot L. Richardson said. Richardson, as acting secre- tary of state, was the scheduled lead-off witness in closed ses- sion .as the House Foreign Af- fairs Committee began about a month of hearings on the new overseas assistance bill. Congress chopped deeply into the program last year, and President Nixon is seeking million more than last year's appropriation in an effort to prevent a slump in U.S. eco- we do not follow through now until the countries we aid be- come self-sustaining, our earlier investment will be lost." "We now stand at a point where our will'to follow through is in he said. And "if the United States gave up, progress would falter or perhaps even cease" in the over-all development effort be- cause U.S. the "criti- cal he added in his pre- pared itatemeht.. Nixon's program for the new fiscal year itarting July 1 In- cludes billion for economic aid, million for military as- sistance and J75 million Research and engineering American MIRV help to developing a jjuuui: lu spur private investment ir has indicated that he are intended to in Latin America, Asia areas. His blueprini the Soviets will be able any Soviet technical assistance achieve similar accuracy with their SS9s, each of which testified that help for private enterprise carry a single warhead with explosive force of 25 million tons of TNT or three separate warheads each with the Proposal force of 5 million The Soviets have deployed more than 200 SS9s, in a total force of more than Conflict of Interest siles which now roughly equals the U.S. land-based arsenal, WARREN WEAVER W. Brooke, R-Mass., owe on any capital gain. cording to York Times News the payments would probably Soviets are reported A novel idea has. been spread over the period o: the SS9 at a rate which would permit to President Nixon's sale of the stock, to mini- give them some 500 of to serve in high advisers in the the tax impact on the seller weapons by about office without risking and they were If the SS9 should be fitted of interest or financial interested to schedule it for the .plan, Corigr e s would 'have to make the initia three individually guided being drafted in the presentation to to finance the firs! ple warheads, that would plan is designed to purchase, but this wouli the Russians could aim some warheads at the situation that arose the plan wins the gradually reimbursed as the uteman missiles in U.S. silos Nixon named Congress and the disposed of the securi they should choose to launch as Deputy Secretary of Defense. Packard, a first beneficiary may be Ray Watt, a California builder The oversell cost to the government would be little 01 su p ise owned million in line for appointment as long' as the mar Assuming the kind of stock in an electronics Housing did not decline. cy that U.S. experts credit that does about a third has run afoul of serious fact, if the stock marke Russians being able to business with the of interest and dividends continued t< that could mean the virtual total destruction of a significant element of the U.S. strikeback legislative proposal, developed by Sen. Thomas J. Mclntyre, D-N.H., has both instances, the executives owned huge blocks of stock in corporations doing in, the government woulc probably realize a profit, helping to build up a fund to finance the clear among leaders of with the stock purchase from a This is the Nixon Banking and they were to control. appointee. tion's argument for Both Sen. were required to sell would continue to be the of the Safeguard D-Wis., and Sen. the market would be of the Senate com anil confirming any appointed Two- Year-Old Nashua innocent shareholders would lose large amounts of money. Under the legislation decide whether or not his fi nancial holdings constituted a potential or actual conflict o Drowning Vic ANTRIM A Nashua child, reportedly playing with in Antrim Hillsborough County Medi c a 1 Referee. Death was ruled due a presidential appointee in this sort of situation would be able to sell his stock to the treasury, ending any possible connection between his If there were a clear conflict then a board consisting o: the attorney general, the secre tary of the treasury and the children on the shore of Franklin Pierce Lake in Antrim drowning. The accident reportedly occurred at and private gains. The treasury would hold of the securities anc exchange commission woulc terday, fell in the water and drowned, according to State was the Myers family's second tragedy in three over a period of years, selling it in relatively the case and decide whether the treasury purchase Myers" husband was every few months so should be set in mo- The victim, Niel Patrick an auto accident last transactions would not ers, would have been two Police said the price down. DurinR this Watt's case, the trouble re- old in September. He was the son of Mrs. Julia Myers of 46 Dublin St., formerly a resident of County Rescue Squad administered artificial respiration at the scene, but their efforts were in goversment would receive the dividends and any profit that accrued if the price of the stock around his ownership ol shares of the Boise Cascade Corporation' worth about million. Such an interest in He was declared dead on arrangements will man selling his lumber company would raise rival at Monadnock by the Woodbury receive the current problems (or the fed- Hospital in Peterborough by Funeral Home in value, less some initial housing administrator. Augusta Law of Milford, of the federal tax is known to have the What's So Special it now at the "FOTOMART" FREE WE Home movies that talk! easy to take NASHUA TRUST? minimum balance if you're under 65 UNICARD Nashua Wallpaper movies FOTOMART CAMERA COTP" m If ATM ffP NONE if you're over. That's W. Pearl St. 01 NEXT TO RATE CINEMA Member, Thun. Fit filihti Til Fotoffflirt Slat Fotomtrt" pending an..over-all aid review to be completed late this year. 4 Interviewed For Position of NHS Principal Four candidates for the post of principal at Nashua High School were interviewed at a meeting of the Board of Educa- tion ye'sterday and more inter- views will be conducted Wednes- day. School Supt. Edmund M. Keefe said 40 applications had been received, of which a number have been screened and re- jected. The top high school post will be vacant with the retirement of Patrick J. Morley at the end of the school term. support of George Romney, the secretary of Housing and Ur- ban Development, but there may be political questions other than the conflict of interest problem involved in a final de- cision by the President on the F.H.A. post. Senator Mclntyre became in- terested in the broad problem as a member of the Armed Serv- ices Committee attempting to grapple with the Packard ap- pointment. He is also a member of the Banking and Currency Committee that will hold hear- ings on any P.H.A. designation made by the President. But Laird contended that the Vietnam scaledown U.S. decision "should be a take place in much the nal to the North way as the buildup which that the United States is four years ago: in piece- to maintain its objective" ot fashion. determination for the troop level currently Vietnamese by its at although- be- measured troop he left office President This should also indicate B. Johnson gave the the North Vietnamese, authority to put as said, that the United Stales as in Vietnam. In firm in its resolve to see months top military offi- the South Vietnamese do decided the additional over, and are prepared and were not necessary. capable" of defending held out hope that fur- troop withdrawals, some- On Capitol Hill, a newsman noted, there already are he promised as a presidential candidate, will be possi- ments by war critics that troop withdrawal is only a token the month of August To that, Laird said he at regular intervals there- gone to the Midway meeting feeling optimistic that the we shall review the situation Nixon said. "I will ed States was reaching a plans for further re- ing point in the war and that as decisions are hopes and expectations been fulfilled by the historic recent days published spec- cision of President Nixon lo had centered on gin Vielnamizalioh of the war being removed from the southeast zone by fall. The broad outline for choosing something less phased American the Nixon administra- vras set Sunday when probably considered var- Nixon announced that factors such as: "a. division big reduction in the would be out of Vietnam by force might have construed by North Viet- The decision was greeted negotiators in Paris as Washington with some weakening of U.S. determina- that the lo continue supporting the was beginning the de-escalation but that it was North Vietnamese and Cong forces still have the One uniformed officer lo kill 100-200 Americans was familiar with the week, and the United options the administration must not cut its combat studying commented: loo sharply in one weird. I've seen numbers and higher. We training and equipping have pulled out South Vietnamese forces is Pentagon sources noted along satisfactorily, but the means the officials expect it will probably is authorizing the next fall or later before the drawal of various small Vietnamese can replace not a regular division, as troops in substantial Reduced Capital Faces N.H. CONCORD, N.H. (AP) for plan- sharply reduced capital the slruclure. will be up for major slash was a when the New million reduction in spend- House reconvenes for renovations and altera- Meanwhile, the slate on the University of New set a Monday session to try campus at Durham. clear some of the backlog the same time, the corri- legislation facing members increased from the upper chamber who, million proposed spending other legislators, hope for the construction of a data journment of the regular building. sion near the end of June. The capital expenditures budget includes long-term repair and construction projects. Gov. Walter Peterson Woman In Merrimack nally proposed a capital spending plan of million, but the House Public Works Home boosted the total to Police Chief Stearns said today However, the a 24-year-old Woman miss- committee has slashed from her home since last measure to returned home this Appropriations committee members cut million Helen Schwed, of Meet i n g marked for construction of Hoad, had been the ob- new laboratory building of an intensive search yes- the Health and Welfare by about GO Merrimack and stale and local units. According to Stearns, the wom- an evaded the searchers all day by doubling back and stay- ing in areas thai already had ieen searched. She arrived lome by herself between 7 and 8 this morning. Stearns lauded searchers, say- ng they had done "a tremen- dous job." He said stale and ither agencies had cooperated in the effort. Fitting Up A good time and a full stomach were this young- ster's rewards for participating in the Nashua Junior Police League. Mark Lesieur was caught by the camera as he lifted a heaping spoonful of beans at the field day for the League, attended by about 325 eager young- (Telcsgraphoto-Harrigaii) Mashua Soldier Wounded in Viet Word was received Saturday by Mrs. and Mrs. Frank Gilbert of Morton St., that their grand- son, Donald R. Gilbert, was wounded in action in Vietnam on lime 3 by shrapnel while on a combat operation when a hostile orce was encountered. He was treated and is hospitalized in Viet- nam. He has serving as a medic with (he U. S. Army In Vietnam since March and Is engaged to Kathleen demons. TONIGHT IN THE TELEGRAPH Abby 6' Lawrence 4 Baker 13 Obituaries 2 Biossat '13'Pearson 4 Classifieds i Sports 18, 17 19. 20, 21, Suburban 14 Comics 18 Taylor 4 Cook -1 Television Crossword 18 Theaters 18 Editorial 4 Dr. Thostcson 6 Financial 3, Weather 2 Horoscope 71 ;