Tucson Daily Citizen from Tucson, Arizona on March 6, 1968 · Page 24
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Tucson Daily Citizen from Tucson, Arizona · Page 24

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Tucson, Arizona
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Wednesday, March 6, 1968
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Page 24
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Editorial Markets ftiliztvi WEDNESDAY, MARCH 6, 1968 PAGE 25 Sports Classified MARKET 'KILLINGS' CITED Probe Of Fed Called For On Leaks To Speculators WASHINGTON (UPI) Chairman Wright Patman of the House Banking Committee has called for an investigation of the Fedez-al Reserve System to expose any insiders dealing in information leaks that enrich slock market speculators. Patman said Tuesday that a Treasury Department report on one such leak amounted to a "whitewash" of the Federal Reserve and that the Fed's practices ought to be examined by Congress, the Justice Depart- ment and the General Accounting Office. The Treasury report disclosed that a Federal Reserve employe last summer gave advance information about a sale of $2.5 billion in U.S. notes to stock exchange brokers who made speculation profits. The report did not name the Federal Reserve employe, who has since died, or identify the brokers involved. A spokesman for the Federal Reserve said a J u s t i c e Department i n EL CORTEZ AREA Injunction Asked In Housing Plan By NJCKI DONAHUE Citizen Staff Writer A suit for a preliminary injunction to halt development of the §4 to $5 million "Turnkey" low-income housing project at N. 6th Ave. and E. Grant Road was filed in Superior Court today. The suit was brought by the El Cortez Heights Residents and Property Owners association, chairman Willie R, Adams, and J. J. Roberts, against the Tucson Housing Authority, City of Tucson, builders Mel Zuckerman and Sol Tobin, the City Council, mayor and five unnamed persons. Judge John R. Collins immediately issued an order for defendants to show cause why the preliminary injunctions should Rest Home Sprinklers Douse Fire A possible tragedy was averted \vhen an automatic'sprinkler system smothered a fire early today at the Handmaker Jewish Nursing Home, 2221 N. Rosemont Blvd. Capl. Ellis Franklin, fire department information officer, said ihe blaze was started in a closet in a room, apparently by an 80-year-nId patient after an argument with a nurse. Firemen were told the patient awoke from a dream yelling and causing a commotion, and that be struck the nurse with bis cane when she entered the room to quiet him. The nurse left the room to get help and, when she returned, noticed a fire in the closet. The blaze was doused almost immediately when the sprinkler system automatically went on. Damage vva- estimated at $60. The incident occurred about 3:30 a.m. The patient was later transferred to the Veterans Administration Hospital. There are 82 patients at. the home. not be ordered and set 9:30 a.m. March 22 foi a hearing. The petition, filed by attorney Arthur R. Buller, asks the court to stop the city from acquiring and converting the 120-unit El Capitan Apartments and from constructing a proposed additional 80-unit apartment building. Stating work on the project was set to start last Friday, the petition states residents of such a development would "unquestionably and undeniably be Negroes," and that the defendants would thereby create a Negro ghetto since present residents of the area are predominately Negro. It further alleges homes in the area are valued at $10,000 $28,000 and -the project would have a deleterious effect on values and cause irreparable injury to property owners by having a "ruinous effect" on the neighborhood. The petition claims the development would cause "inverse segregation, solidify racial em- balance" a n d , since it was the scene of "a 1987 riot," compound that problem by causing the influx of more juveniles to the neighborhood. It asks the court to grant a preliminary injunction and set bond of $1 for the defendants. Operation Turnkey is sponsored primarily by the Federal Housing Assistance Administration, which finances the construction of low-cost units, but the local housing authority acts as developer. El Cortez residents unsuccessfully protested the project before City Council at its Feb. 26 meeting. vestigation is already under way. Patman said the incident was "a prime example of what happens when the Federal Reserve continues operating in secrecy," and he was not convinced that was the only advance leak in the Federal Reserve System. The report and a later statement by the Federal Reserve said the Treasury notified the 12 Federal Reserve Banks across the nation on Aug. 17 that it would try ot raise $2.5 billion in cash by selling U.S. notes at 5% per cent interest. The specific terms of the financing were ordered held confidential until 3:30 p.m. of that day so the stock market would be closed and the terms could not become generally known in time for anyone to speculate on them. Advance notice of the terms of an upcoming issue of treasury notes could enable a speculator to profit by buying or selling current issues depending upon whether they were earning more or less than the proposed issue. A spokesman for the Federal Reserve said its bank in New York noticed changes in the market price of Treasury notes about an hour before the market closing. Officials here were notified and told that Nesv York officials believe advance information on the upcoming issue had been leaked. He added that the leak was traced to a 61-year-old employe who had worked for 41 years in the middle ranks of the Federal Reserve Bank of Philadelphia. Chicago Firm Hired For Center Work The City of Tucson has retained a Chicago law firm to lay (he legal groundwork for issuing up to $10 million in revenue bonds to pay for the long- planned community center. The firm of Gust, Rosenfeld Divelbess will assist in forming the non-profit corporation which will sell the bonds and build and operate the center, leasing it to the city. It will secure from the U. S. Internal Revenue Service assurances that the bonds will he tax exempt. If the bonds are sold, the firm will receive $10.000 for its services. Otherwise, it will get $1,000 plus expenses. The next step toward making the center a reality is to name directors of the community center corporation, according to Asst. City Manager Lawrence Woodall. He said this will be done soon. Senators May Shoot Down Navy's F111B Jet Aircraft WASHINGTON (UPI) - Halfhearted support from the top brass has brought a new congressional crisis for the F111B, the Navy's version of the controversial TFX swing - wing fighter-bomber. Despite a special presentation supporting purchase of 30 production-model planes -- or perhaps because of it -- there is increasing sentiment in the Senate Armed Services Committee lo shut down the FlllB program. A showdown is expected soon when the panel acts on the Defense Department's authorization. At a closed hearing Monday Navy Secretary Paul R. Ignatius testified that he and the chief of naval operations, Adm. Thomas H. Moorer, agreed on two points. -- That the Navy urgently needs the new Phoenix missile ·ystem to defend the fleet against airborne missiles and s o-called "cruise" missiles which have been developed by the Russians. --That the FlllB "is the only a i r c r a f t under development which will fill this intercept role in a timely manner." An unclassified version of the Ignatius testimony was made available to newsmen. Still to be released, however, is the actual testimony of Moorer, Vice Adm. Thomas F. Connolly, deputy chief for air, and other uniformed experts. Committee members say their testimony, under questioning, left a different impression. Sen. Harry F. Byrd Jr., D-Va., said he decided, after morning and afternoon sessions, that: "I shall vote against any additional funds for the FlllB." He said there are a good many committee members who agree. Byrd said the top naval officers did not attempt, to override the views of their civilian bosses in the Pentagon. But, he added, they were "very frank in answering questions." Byrd and others who heard the testimony report that Navy experts thought it would be possible to develop a new aircraft to mmnt the vital Phoenix system-and do so quickly, in perhaps 18 to 24 months. "I fell they clearly didn't want the FlllB," said Byrd, "and thought they could develop a better plane -- and in 18 months." Without any formal nose count, Bird thought it was "an even bet" that the Armed Services Committee would vote to strip some $460 million in F1IIB funds from the Pentagon spending program. That is the course recently recommended by Sen. John L. McClellan, D-Ark., chairman of the Senate investigations subcommittee which conducted an exhaustive investigation on the TFX development contract. Legal "Wetbacks" Emerging from a: sudsy dip solution, not the Rio Grande, Mexican cattle bead for U.S. Custom gates at Sasabe with all immigration and health certificates in order. (Citizen photos by Dan Tortorell) Mexican-U. S, Cattle Drives Provide Glimpse Of Old West By HELEN PASTERNAK Cithzn Staff Writer SASABE -- Scenes of the Old West live again here as yips and hollers move herds of cattle through a maze of pens leading :rom one country to another. But the Mexican vaquero, who only a few years ago led steers northward through Mexico for inspection at the nearby La Osa Ranch, is missing. Cattle now get taxi service lo and from border pens where ;hey undergo health inspections federal veterinarians representing both American and Mexican governments. The U.S. Department of Agriculture vet, Dr. William E. Wil- 'iamson, estimated about 12,000 lead move through the Sasabe pens into this country each year, with another 80,000 head coming in annually through No;ales. Douglas also provides a port of entry. Immigrated from five of Mex- co's northern states, their new lomes can be on ranges in any of 15 states making up this :ouhtry's cattle country. Only steers 18 months old and younger are allowed to make .he journey under Mexican law, says Dr. Rafael Roldan. Breed- ng animals are excluded from :he export list to prevent de- erioration of Mexican stock, the veterinarian added. From October through March, most active shipping period, the influx is from 200 to 500 head moving through the inspection pens in each wave. Cattle are deposited in pens on the Mexican side of the border where they are given feed and water following truck trips From home ranges. They also get a visual once- over here from Williamson, Roldan and two U.S. livestock in- ipectors for obvious signs of illness or lameness. Whooping cattle handlers then send the steers into a chute where veterinarians and inspectors carefully examine each animal despite bucking, shyness or other displays of temperament. Dip Time Among things they look for are lumpjavv, ringworm, .warls, pinkeye, Texas fever ticks, fresh wounds and infections. Williamson estimated about 10 per dent of each drove coming to the border is refused entry. Those meeting health requirements , pass on to weighing scales and then a solution dip. Some, like expert swimmers, willingly dive into the 10-foot- deep dip, but others have to be prodded. Those who fail to get their heads wet in the dive get help from handlers toting long metal poles with prongs. Following a drip-dry period in concrete pens, the cattle are ready to make the trip across the line. Custom gales are opened to permit the cattle to move into connecting American pens, built about four years ago. There is another weighing, this time for import duty. Then comes a wait for cattle trucks and a ride to new ranges for fattening. Developers Seek Public Funds For Olympic Pavilion GOP Congressmen Recommend Slash In LBJ's Budget WASHINGTON {UPI) - Eight Republican congressmen, who claimed they had the support of 46 other GOP House members, recommended today cutting President Johnson's budget by $6.5 billion with $2.5 billion of the savings being plowed back into "human renewal" programs. Rep. Charles E. Goodell, R-N.Y., chairman of a House GOP planning and research committee which drafted the proposal, told a news conler- ence the plai. emphasizes jobs, housing, education, crime and pollution. Goodell said the plan, which has not yet been put in the form of proposed legislation, was given added emphasis by the report last weekend of -the President's commission on civil disorders but that it was nol the result of that report. The commission warned of continued and more serious riots unless the nation resolves race prejudice and attacks the root causes of poverty. The major cut advocated by Uir Republican group would be a 60 per cent reduction of U.S. troops in Europe. Goodell said this would mean pulling out about 200,000 of the estimated 350,000 American military personnel in Europe. Rep. W. E. "Bill" Brock, Tenn., one of the group, said in prepared remarks for a news conference announcing the plan that cuts in Johnson's $18f billion budget could be made by reducing the U. S. troop commitment to Europe, holding foreign aid at current levels, reducing the number of federal employes and eliminating new spending for a supersonic transport (SST). Brock said $1.5 billion of the new $2.5 billion "human renewal fund" created under the GOP plan would provide §500 million to stimulate jobs, $20 million each for education, housing and pollution, $100 million to fight crime, $100 million for "rural revitalization," and §50 million for the District of Columbia for renewal projects. Gold Rush On Again In London LONDON (UPI)-The British pound, which fell lo a record low Tuesday, rose today and then fluctuated wildly. The rush to buy gold on the London and Paris bullion markets continued and f i n a n c i a l experts saw it as a t h r e a t to the U.S. Dollar. The pound's instability on London's Foreign Exchange appeared lo be widespread and due to uncertainties in the world payments situation. I was reflected in the demand foi gold. One London gold dealer de scribed the rush for thi precious metal as "fantastic" although most agreed it was nol as severe as t h e December buying spree. The pound sterling fell to a new low of $2.3977 in early dealings Tuesday then rebounded to $2.4035. ft opened today at S2.4045 and quickly rose to S2.4075 The official rate when (he pound was devalued Nov. 18 was $2.40 The gold buying rush brought rumors Tuesday that the United States might have to increase the price of gold above the present $35 an ounce. In Washington, the U.S. government denied the price of gold would be changed. NO MCCARTHY VOTE Demo Delegates May Walk Out BOSTON (AP) - Some prominent Massachusetts Democrats, including U.S. House Speaker John W. McCormack, say they will resign as candidates for the stale delegation to the Democratic national convention rather than be forced to cast first- ballot votes for Sen. Eugene McCarthy of Minnesota. President Johnson sent word Tuesday that he would neither enter the April 31 state presidential primary nor allow a stand-in to run for him, leaving 2 Arizoiians Die In Vie In am War WASHINGTON (UPI) - Two more Arizonans have died in Vi- itnam. T h e D e f e n s e Department Tuesday identified Army Sgt. I.C. Fernando M. Quintero of Globe among 120 servicemen killed in military action recently. He is survived by his widow, Mrs. Mary Quintero, of Globe. Army Staff Sgl. Harold C. jWhittaker, husband of Mrs. Gwen Whittaker of Lowell, was among those who died not as a result of hostile action. McCarthy the lone candidate for the Democratic ballot when the f i l i n g deadline passed at 5 p.m. A new Massachusetts law requires delegates, under penalty of fine or imprisonment, to vote on the first ballot al their conventions for the winner of their party's presidential preference poll in the state unless he releases them in writing. Joining McCormack in promising to resign from the party's official slate of delegates were P o s t m a s t e r Lawrence F . O'Brien, a legal resident of Springfield who had been considered a possible stand-in for Johnson, and McCormack's nephew, former state Atty. Gen Edward J. McCormack. The only chance that Massachusetts' 72 convention votes might be kept from going to McCarthy appeared to be a write-in campaign for Johnson, Democratic leaders immediately began discussing the possibility, but some observers doubted there would be adequate time. Candidates have until March 8 to submit their resignations. Costs Cut, Frills Out In Project By LAWSON ALLEN Citizen Business Writer Developers of the proposed Tucson-Mexican Olympics Pavi lion have been forced to slash- costs of the project and to re ve- to some form of public fund-raising to meet even the reduced expenditures. Originally estimated to cost between $200,000 and, $250,000. Gary LaBaer, project director, now says the final figure should be closer to $125,000 or $150,000. "Revisions in design," said LaBaer, "account for a large portion of these savings. Also, we have cut out a lot of the frills. For example, we've decided against the Mexican tile floor and other such items. What we will have is an operating structure." The "operating structure" will open as scheduled ''on or about April 19," said LaBaer. Architects and contractors have estimated that the less imposing building wi'l take between 40 and 45 days to complete, he said. While there may be time to meet the construction and opening deadline, LaBaer is not so confident that the pavilion'tan be financed by voluntary contributions of money and materials in the next six weeks. ''We will probably have to seek financing from the banks. There is not enough time left now to explore other sources of private revenue," he said. "Once we get the building up and in operation, there will probably have to be some form of public fund-raising," he added. "We feel the pavilion will ·aise enough money through the sale of souvenirs and other terns as well as special fundraising programs to defray the cost. Also, we may approach business firms and some individuals and, if we have to, ask :he city for donations," he continued. LaBaer hopes that during its operation from April 19 to Dec. 31, the pavilion will! net between $250,000 ?nd $300,000. Several business firms have already made contributions estimated at a ?25,OQO value to the Building of me pavilion. They include: Finical and Dombrowski, architects and engineers; Blanton Co., construction engineers; Marum ; Marum Engineering; Ted Walker Trailer Headquarters; Reuben Gold Furniture; M.M. Sundt Construction; Young and Deyoe Excavating; Gerson Demolition and Excavating; and L. M. White Construction. Also, Caine, Nelson and Wares, cost analysts; Addis Advertising; Rod Gomez, con- suiting engineer; Butler Manufacturing of Kansas City, Mo., and its Tucson distributor. Banes Co.. Inc. The executive committee of the Tucson-Mexico International Exchange Commission, sponsors of the pavilion, will meet at noon Friday in the Pioneer Hole!. More definite plans for the pavilion will be announced then, LaBaer said. America Orbits Solar Prober WALLOPS I S L A N D , Va. (UPI) - The United States successfully orbited a 198-pound satellite Tuesday to watch for eruptions' of solar radiations which might imperil Apollo, astronauts.

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