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I I 14 Â©bservations "Yawl" com*. With sails billow- . ing and ensigns fluttering, a proud armada of square-rigged windjammers from 30 countries 'will parade up New York's Hudson River in Operation Sail, a seagoing bicentennial event on July 4. Some 225 classic'sailing vessels, including stately brigs, brigantines, barques, and schooners, will be saluted by modem men-of-war from the U.S. and 33 foreign nations. Other bicentennial celebrations recommended by the new Mobil Travel Guide: a dance festival and "colonial" sound-and-light show in Philadelphia and an encampment of real covered wagons in nearby Valley Forge State Park, There'll be Italian lawn bowling, andjSreek bouzouki music at ethnic festivals in - Baltimore, and tin lizzies at a Sistersville, W. Va., antique auto show. You can watch a muzzle-loading firearms contest in Logansport, Ind., or squint through the smoke of a mock 18th-century battle in Dearborn, Mich. TM 6,WIH$A UTTLJE WfiwBUVAV. DMHK PWK I'D IIKEA BOTTtf Of fÂ£t WHE, ABOffie OF WOE WtNE,WiB0rrtÂ£OF8HietMN* Energy savings. They can be substantial in summer. Surprisingly, though, fewer than one in ten buyers bother to inquire how much electricity their new appliances use, says a recent Roper Report. Yet, the hourly operating cost of comparable-size air conditioners, for example, can vary as much as 65%. More air-conditioning savings come from keeping shades pulled down. Even a standard light-colored, opaque roller shade admits roughly half the heat .of an~ unshaded window, according to an Illinois Institute of Technology study. o From Stewart Udall, Secretary of the Interior under Presidents Kennedy and Johnson and now a private environmental consultant: "The scapegoating of the oil industry--saying that if it would just straighten jjp and fly right, the problem would go away--appalls me. Two years after the Arab embargo, two-thirds of the American people still do not believe there is a serious long-term energy' crisis." And getting worse every year, we might add. Because of inadequate encouragement of new energy production in the U.S., America now leans on Â· foreign countries for more than two-fifths of the oil it uses. Mobil Observations, Box A, Mobil Oil Corporation, 150 East 42 Street, New York, N.Y. 10017 Reagan charges Ford and Kissinger with "giving away" the Panama Canal to a "tinhorn dictator," Gen. Omar Torri/os, shown above surrounded by his officers. By. raising this charge, Reagan forces Ford to delay negotiating an agreement with Torrijtx and makes a guerrilla war against the U.S. almost inevitable. mobilized the entire U.S. foreign policy apparatus. Other" Kissinger detractors accuse him of fouling up the Turkey-Cyprus war/the U.S. intervention in Cambodia, the India-Pakistan war, and criticize his step-by-step peace brokerage in the Middle East. They fault him for losing Angola to the Communists, Chile to the military,^ and for his general lack, of openness and candor. No one denies Ronald ~ Reagan the right to make Henry Kissinger his main campaign issue. Perhaps Kissinger deserves it, or Reagan can find no other issue of such responsiveness and reward. " .: In fairness, however, Reagan should ' be willing to meet the Secretary of State side-by-side or face-to-face and in a question-and-answer session, explain to the nation how he would approach and possibly solve or implement the solution of our foreign policy problems. Kissinger, if he has the time, is willing to appear with Reagan and submit to a battery of inquiring, reporters. The next move is Reagan's. If the former Governor of California says yes, it should make for a fascinat- 'ig program. O1976 Mob! CM Corporation CONTINUED Co. That was the value of the stock of the old company whose charter was Â· about to expire." "The'French Panama Canal Co. had previously contributed $60,000 to the Republican party. In those days foreign contributions to U.S. political parties were more than welcome. No doubt Roosevelt was influenced by the French largesse.- 'Understandably, constantly expanding Panamanian nationalism has caused anti-U.S. riots in the Canal Zone. This is why Kissinger, more than 1 a year ago, assigned veteran troubleshpoter Ellsworth Bunker to help negotiate a new treaty with Panama--a treaty in which both- nations would share operation and defense of the canaLln 1970 canal profits totaled $175 million. Panama received only $1.9 million, a little more than 1 percent on its major resource. What does Reagan suggest we do in Panama? " ' Â· Kissinger says: "Reagan has plenty of complaints but no alternatives." Destructive criticism without constructive alternatives is what irks the secretary. Kissinger recognizes the Reagan technique of firing up his audiences by calling for Kissinger's removal from office. Yet he recognizes, too, that Reagan studiously refrains from saying anything too bellicose which might equate the former actor with the let's- bomb-them-back-to-the-Stone-Age mentality of Gen. Curtis Lemay, Barry Goldwater or George Wallace. In his political campaign speeches, Reagan -punches hard then deftly retreats, an excellent technique. This is not to say that Ronald Reagan has no cause to call Kissinger to account for his conduct of foreign policy. Kissinger is vulnerable on many counts. Â·George Ball, Under Secretary of State In the Kennedy and Johnson Administrations, charges that Henry K's personal brand of diplomacy has reduced U.S. ambassadors to briefcase-carriers, set back diplomacy 300 years, and im- Ambassador Ellsworth Bunker has been working more than a year to effect a fair and workable treaty with Panama.