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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 16, 1976
Page
3
A citizen column argues for five direct democracy reforms to counter entrenched special interests. Calls for an initiative referendum and recall across states, a federal citizen standing to sue the government, disciplinary actions against civil servants, federal consumer and environmental class actions against polluters, and support for consumer cooperatives with a national coop finance institute.
The New Jersey Assembly advanced a tax package to emergency status with a 70 to 3 vote, enabling a final vote later in the evening. The outcome marks a step toward adjusting the budget ceiling amid ongoing legislative action.
Strongsville Superintendent Hugh Whittington reacts to possible court action as levies face approval and financial impact remains uncertain. NAACP attorneys argue Detroit segregation precedents do not apply, while Cleveland policies allegedly reduce white flight but may worsen it.
Bruce Cushman unveiled a fountain sculpture at the Deli on-the-Commons yesterday. Mayor Marguerite Bowman attended, Cushman noted for early synthetic sculpture since 1958. Tom Peters of Betterway Inc and deli managers inspect the piece with Tom Bradley and Mike Morrison.
The British pound fell on foreign exchanges as news of Prime Minister Harold Wilson's imminent resignation spread. It dropped from 1.9210 to 1.9185 dollars, with a Barclays Bank International dealer saying traders were stunned by the development.
Gov. Rhodes will not predict the Volkswagen plant location near Cleveland. He says officials indicated the site decision will be made next month and he is still reviewing the matter with Volkswagen.
The Columbia Gas System chairman told Congress and the public that dependence on foreign energy threatens national welfare. Clarke urged action on gas reserves development, decontrol of wellhead prices, favorable leasing changes, investment tax credits, Alaskan gas line approval, and other policies to boost domestic energy supply. Earnings for 1975 and 1976 are reported, with noting that about 1.23 of the 3.17 per share is tied to rate-case refunds. The system comprises a holding company, a service company, and 17 subsidiaries including Columbia Gas of Ohio serving parts of Lorain to Medina and Cuyahoga counties.
The EPA announced new air and water rules for the iron and steel industry but exempted eight plants in the Mahoning Valley Ohio including U S Steel Youngstown Sheet & Tube and Republic Steel from the interim grease oil and solids limits. Officials say the exemption saves $30 million to $60 million while allowing continued operation. about 20 000 to 25 000 people are employed there. The plants must meet water controls by 1983 unless another exemption is sought.
Local grain prices at the Lorain County Farm Bureau Cooperative Association closing yesterday show Wheat at 3.20 per bushel Shelled corn 2.47 per bushel Oats 1.40 per bushel Soybeans 4.90 per bushel.
The snippet announces Elyria receiving second class mail privileges with rates listed and publication details for The Chronicle Telegram. It notes the paper is published daily with annual prepaid rate information and a local telephone contact.
Opening Wall Street advances led declines with 244 to 217 among 707 issues crossing the tape in the early going. Turnover totaled about 980000 shares. Observers expected bargain hunting after the recent market slides, while analysts said investors were consolidating gains from the new year rally.
About 2,000 packed Front Row Theater in Highland Heights for Bob Hope's first political fundraiser appearance. GOP chairman Robert Hughes anticipated net proceeds near $100,000 with Hope’s $35,000 fee and ticket prices from 25 to 500 dollars. Hope quipped about Ronald Reagan and President Ford while Dinner attendees heard political humor.
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