Racine Journal Times Sunday Bulletin in Racine, Wisconsin
19 Dec 1971

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Racine Journal Times Sunday Bulletin in Racine, Wisconsin
19 Dec 1971

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Racine Journal Times Sunday Bulletin (Newspaper) - December 19, 1971, Racine, Wisconsin A As 1 a president Nixon announced the a most significant monetary agreement in the history of the world during a news conference saturday at the end of a two Day meeting of the ten richest non communist nations. Nixon made an unannounced appearance at the a group of ten meeting held at the smithsonian institution before leaving for a trip to new York City. At right was Earl Schiller West Germany s finance minister. Canada Bank robbers flee with $1 million Windsor ont. Apr three robbers posing As cleanup men handcuffed employees of the Royal Bank of Canada to main Branch saturday morning and escaped with what the Bank manager said a could be $1 ?� police said the three entered the building with the Bank staff. Once inside they took Handcuffs from their cleaners to pails and shackled the staff officers reported. The manager Ken Moore said a Othey were just All of a sudden there we done to know How they got in ?� there was no word on How they got the Money out of vaults. Moore said the robbers were a perfect gentlemen at All ?� he said he arrived just As they were about to leave and they asked him if he would no to mind stepping into the counting room. He did and they locked him in. The other employees were handcuffed to a pipe in the men to restroom on the second floor Moore said. A Bank pm pm chief to be prof Detroit apr James m. Roche says he Tell become a College professor when he retires at the end of the year As chairman of general motors. Roche made the comment in a television interview taped for showing today. He indicated he had had offers from several different colleges Jand had not decided which to accept but gave no further details. Roche also predicted 1972 will be a record year for car and truck sales but said he was not sure if the Industry could meet government air pollution standards for 1975-76. And he described consumer advocate and Auto Industry critic Ralph Nader As a a dedicated Young Man who is very diligently pursuing an ?� pm once hired private detectives to probe Nader to background an action Roche described now As a Oan unfortunate incident. A ploy Bruce Cornish discovered the robbery when he reported for work and heard Moore making noise. Moore to estimate of the loot was considerably lower than that offered earlier by Windsor police chief Gordon Preston. He said the robbers got away with $2 million. Moore said the Money was mostly in Small . Bills most of it receipts from Windsor raceway and concessions at the track. The robbery took place at 9 50 ., Moore reported but was reported to police about an hour and a half later because All Bank employees inside were handcuffed. The Bank brings in some staff on saturdays to handle bookkeeping left Over from heavy Friday night business. A spokesman for provincial police said All Cruiser cars were a holding observation along main roads leading to the ?� Washington apr finance chiefs of the ten wealthiest non communist nations reached agreement saturday on a new system of Money Exchange rates built around a Dollar devaluation of 8.57 per cent. As a result of the settlement called by president Nixon a othe most significant monetary agreement in the history of the world a the United states announced it will lift the to per cent import surcharge probably next week. The agreement envisions revaluations of a number of the world to major currencies to go along with the Dollar devaluation but the finance ministers technically called the group of ten withheld announcing All the new rates. Individual governments will announce their own currency realignments. The Dollar will be devalued by asking Congress to raise the Price of Gold to $38 an ounce up from the present official Price of $35 an ounce. But the new currency rates will go into effect next week apparently on an interim basis As the world awaits final congressional action. The result of the group of ten agreement will be to give the United states a better do can Somas countdown a 6 r More shopping Quot a Days a 12/19 whats / 1111111111111111111 in 1111111111111 m 1111 / where business news. Page id classified ads Page 7d editorial Page 12a local news Page a obituaries Page 7d sports Page in women to news Page in features Ann Landers Page 3c crossword Page 11b entertainment Page 7b Horoscope Page ii television radio a Page 9b Santa arrives with Snow sit Ion in Trade imports will be More expensive than before and exports from the United states will be cheaper for foreigners to buy. Nixon announced the new agreement on behalf of the ministers and Central Bankers of the ten nations but a communique supplied Many of the details later. Coupon passage of required legislative authority in this framework the United states will propose the corresponding new Par value of the Dollar to the International monetary fund a the communique said. The new pattern of currency realignment will be announced by individual governments the communique said although the reported agreement Calls for revaluation of the West German Mark and the japanese yen by significant amounts to go along with the Dollar devaluation. A Oas far As the United states is concerned we came a Long Way a Treasury Secretary John b. Connally said. The communique said most of the countries involved plan to close their Exchange markets on monday. As part of the agreement Canada will temporarily maintain pts floating Dollar. Connally said the United states would refrain from announcing revaluation of other currencies saying that it is a decision for other countries. Connally said the to per cent surcharge would be removed a right away probably next ?� the new system of Money Exchange rates will go into effect next week. Quot it is the Hope of the ministers and governors that All governments will cooperate to the International monetary fund to permit implementation of these measures in an orderly fashion a the communique said. Connally said the agreement does not include restoring convertibility of the Dollar into Gold which Nixon suspended on aug. 15, at the same time that he imposed the import surcharge. The group of ten ministers agreed that discussions should be promptly undertaken to consider Reform of the International monetary system Over the Long haul with emphasis on the role of Gold in the new system. The communique noted that urgent negotiations on Trade matters Are now under Way Between the United states the common Market Japan and Canada Connally said this meant that Trade questions will be part of the monetary settlement. Connally did not divulge the extent of upward revaluation by the other governments concerned. However it was understood that the settlement included in addition to the devaluation of the dollars which is equivalent to a corresponding upward revaluation of the other currencies that these revaluations were settled Japan up by about 9 per cent for the yen the German Mark up about 5 per cent the Swiss franc up about 7 per cent from its level prior to its revaluation earlier this year the Netherlands Guilder up 3 per cent the Belgium franc up 2 per cent Sweden up 1.5 France and Britain made no change so their currency changes Only in relation to the amount of the dollars to devaluation. Italy has devalued by about i per cent in relation to the Dollar in other words it will not take the full Impact of the Dollar devaluation in Exchange dealings with the United states. The Canadian Dollar will continue to float. Connally said that while financial exchanges in All group of ten countries would be closed on monday . Markets would remain open. December showers turned to Snow and brought Santa Claus to Racine saturday. Santa hopped atop a fire truck at the main Street Bridge and Rode to Monument Square where he checked his mail Box then spent part of the Day chatting with Racine boys and girls who Hope he makes another visit a journal times photo by William Lizdas Here next saturday. The Snow that brought Santa a or maybe Santa brought the Snow a amounted to three quarters of an Inch according to the lakefront measuring station. With Santa Are or. And mrs. David p. Cookjr. Of 4720 Kings Cove. Cook is a member of the Racine Jaycees which arranged Santa s visit. A Story for Christmas father answered in son s death editor to note Christmas is a time of Joy but it comes in the midst of realities that also include suffering just As it did with Jesus whose life from the first confronted hardship exile danger eventually death and Triumph Over it. The following Story involves the writer to family which also faced distress but found an answer to it in the Light of the life that came at Christmas. By Gordon Hanson associated press writer pain was Billy to Ever present companion it delayed his falling asleep at night. It was with him through the Long dark hours and it was his first wakening awareness every morning. For toe last two of Billy Tell Young years the pain had shadowed him. He grew thinner. His Cheeks were drawn and his eyes haunted. Billy to pain was the terrible aftermath of a tobogganing Accident. He had been flipped from the rear of one Toboggan and As he was sitting in the Snow another Toboggan came from behind and struck him in the Back. A tumor developed on his spine and though his parents were unaware it was turning cancerous. Desperately Billy to parents sought a cure. Billy was their Only child. There could be no More. They took the boy from doctor to doctor hoping one would say a of think i can help ?� but never was there any encouragement. The search did no to end until the Day a wizened aging doctor in a Small town far from Billy to Home examined the boy. A Billy will soon be free of pain a he said. A soon he Tell know it no ?� Billy to Mother knew what the doctor meant. She knew that soon Billy would die. But his father refused that interpretation. In his grief he accepted Only that Billy would live. He needed that belief that Faith a to keep going. He could no to let the boy Down. The lad needed his strength and he needed his Sony to. The week before Christmas Billy to fever Rose. His pain worsened and Only constant medication brought Token Relief. Billy to Mother had prepared herself. Deep in despair she knew the time was soon. But the father raged in his anguish. He ranted to the futility of it All. The cruelty of god and the pointlessness of taking a life so Young. He had been misled in his religious teachings he cried. Everything was a lie. The Mother could minister Only to the needs of the boy. She could no to help her husband and he knew no Solace. Then came Christmas eve. The father was awakened by the sounds of Billy tossing fitfully in his bed. Walking into the darkened living room the father looked at the presents under the tree. There were so Many unopened gifts there for Billy. They represented the plans so carefully made for the boy. What grand things the father had in mind and How proud of Billy he wanted to be. Turn to Page 2a, col. 3 pakistani chief urged to resign by the associated press East pakistani politician Nurul Amin said saturday he cannot now accept appointment As prime minister of Pakistan. His United coalition party demanded the a immediate resignation of president Agha Mohammed Yahya Khan. Amin has been serving As prime minister designate. Amino to decision clears the Way for the emergence of a civilian government headed by Zulfikar a Bhutto out of the two week War with India in which the country lost its Eastern Wing with its predominantly Bengali population of 75 million. Bhutto now is Deputy prime minister. Amin 77, said in an interview he announced his decision saturday at a meeting with other leaders of his newly organized United coalition party. The party leaders demanded at the same meeting that Yahya resign and install a National government. Promise Transfer radio Pakistan said Yahya promised earlier saturday to Transfer Power to a new government As soon As Bhutto can return from the United states. In a statement the party leaders said a othe intolerable and humiliating manner in which the National army was forced to surrender its arms and the cease fire orders were against the sentiments of people and Are the logical results of policies Agha Mohammed Yahya Khan has been following Over the last three ?� Amin said the party leadership would review his decision not to accept appointment As prime minister but he added that he did not think he would change his mind. The party has threatened a widespread Campaign of protest demonstrations against weather the cease fire and Yahya and protesters marched saturday in Islamabad Rawalpindi Lahore and other cities. Party leaders said they were having difficulty restraining their angry members. Radio and television stations in West Pakistan continued to broadcast martial music. Night time blackouts in the country to cities were ordered to continue even though the cease fire went into effect Friday afternoon. A military spokesman in Rawalpindi accused India of violating the cease fire in a number of places. He said Pakistan was Quot strictly observing the ground rules and was a showing enormous patience in the face of Indian ?� an Indian military spokesman accused Pakistan of mounting six attacks following the cease fire. No confirmation air Force sources in Rawalpindi said Yahya offered his resignation at a meeting with military service chiefs Friday night but there was no confirmation. Radio Pakistan said Yahya told Bhutto named dec. 7 As Deputy prime minister and foreign minister in a future coalition government to return from new York where he had gone to represent Pakistan in the . Debate on the War Between India and Pakistan. Radio Pakistan said that immediately upon Bhutto to return Power would be transferred to a new government under a new Constitution. Yahya had been expected to make a broadcast Friday explaining the new Constitution which he planned to promulgate monday. The broadcast was cancelled without explanation. Or Hill partly Cloudy and warmer today and tonight. Highs in the 30s. Lows tonight in upper 20s. Cloudy monday. High around 40. South to southwesterly winds to to 18 Miles an hour today. Precipitation probabilities 20 per cent today and tonight. Elsewhere in state mostly Cloudy and warmer today with Light Snow Likely North and Central. Mostly Cloudy and warmer South with highs in the 20s North to the Low 40s extreme South. Tonight partly Cloudy with lows 5 to 15 North to the upper 20s extreme South. Monday mostly Cloudy not much change in temperature. Highs monday 27 to 33 North to Low 40s extreme South. The Sun Rose today at 7 17 And will set at 4 19 . F the Racine journal times Racine Wisconsin december 19, 1971 74 ?"6 ?"30 cents president praises new Money pact

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