Ithc ZTimcs SAN MATEO TIMES AND DAILY NEWS LEADER Today and Tomorrow by Walter Lippmann 28 The Times, San Mateo, Calif. Thursday, October 15, 1964 Proposition 7 Incurs Needless Risk State ballot Proposition 7, in the opinion of The Times, is a measure representing a needless risk of public retirement funds, a possibility of use of political pressures in the administration of such funds, and a further possibility of involving these funds in the management of private corporations. Specifically, Proposition 7 is a constitutional amendment that provides that the legislature may authorize investment of moneys in any public pension or retirement fund, except the Teachers Retirement Fund, in stocks, shares or obligations of any corporation, it is worth, noting that the exclusion of the Teachers Retirement Fund from this measure was requested by the California Teachers Association. At present these funds can only be invested iti bonds or stable, fixed - type investments of certain yield. Proponents of Proposition 7 claim that higher returns could be obtained by investment in common stocks through a combination of income and capital appreciation and, thus, provide a hedge against inflation. But, as every stockholder knows, common stocks are subject to fluctuation and there is no guarantee of continued increase in dividends. If stock prices declined or expected dividends were not forthcojning, it is certain that the taxpayers would be called upon to make up the difference if fund reserves were inadequate. Pensioners would not take kindly to reduction in their retirement income. Also, bond yields have been rising and are at present, in some cases, higher than the returns from good quality common stacks. Only continuing inflation would provide sufficient growth in capital value to offset the difference in current yields. The assumption of continued inflation underlying Proposition 7 involves doubtful risks of retirement funds. Pending any resolution of the ad ministration and limitation of the proposed investments in common stocks the spectre of political pressure exerted on the program must loom as a possibility to be soberly considered. Lastly, the investment in stocks could conceivably result in ownership of corporations by public employees. Such stocks carry voting rights of ownership and could affect policy determinations that are not the proper sphere for the governance and administration of public retirement funds. it is best not to interfere with the existing conditions affecting the retirement funds. The Times recommends a vole of "No" on Proposition 7. The story of the nuclear President Johnson in a speech issue in this campaign is or at Seattle on. September 16: all the world like that of the "We have worked to avoid blind man in a dark room war by accident or miscaicula - looking for a black cat that tion . . . The release of nu - there. The record shows that until the end of the San Francisco convention Senator Barry Gold - water had an issue with which he could indeed offer a real Barry Had a Little Lamb - Washington MerryGoRound By Drew Pearson Vote 4Yes' on Proposition 11 Perhaps the easiest of the state ballot propositions for the voters to decide upon before the November election is Proposition If. It is a constitutional amendment proposal that was placed on the ballot by both State Senate and the State Assembly without a single dissenting vote, in the official statE booklet on the propositions there is no argument offered against it. Why is mere such unanimity of opinion on this proposal? Simply because it is a common sense measure which would permit city governments to contract with counties for public services of joint function without nrccssity for a vote in the cities concerned. It puts a constitutional stamp of approval upon a practice that both cities and counties have found economical and which, in fact, is already in wide use with resultant savings to the taxpayers. In San Mateo County, for example, since been turned over to the county with resultant satisfaction and savings for all concerned. Many San Mateo County cities have contracted with the county for tax assessment and tax collection services and have found this arrangement efficient and less expensive than having their own assessors and collectors. Proposition 11 will validate this kind of county - city co - operation as it now exists and permit city governments to make similar contracts with the counties without holding an election. There is no question of denying voters any rights. They control city councils by election and may make any changes they deem they wish if they feel that the right of cities to contract with counties is being abused. Those who vote "Yes on Proposition 11 will find themselves in agreement with both houses of the legislature and representatives of forward - health and sanitation matters have long looking local government. by Leonard Lyons DURING HIS one - day stop - versary party for his parents, teyn and Rudolph over in New York, before sailing to Europe. Richard Bur - Ion visited bis daughters. Kale, who is 7, asked if he speaks Italian. Yes. said Burton, but only medieval Italian. Kate was puzzled over what he meant by medieval. Burton demonstrated it by reciting to her porliuns from Dante, learned as a student at Oxford. Charles P. Taft has just organized a "Committee to Support Moderate Republicans." Henry Cabot Lodge and James P. Mitchell are giving their names to the project . . . Tony Curtis and Vittono Gass - man will co - star in the movie version of the London hit, "Boeing Boeing." It mil be directed by John Rich in Rome . . . Dean Martin is giving a fiftieth wedding - anni - V. ii - M A l"3is VSS3S:nS :j Yesterday 1 From the Files of The Times October 15 1934 Drilling on a well designed to reduce by one - half the cost of water in Beimont will begin in a few days. 1944 Long queues of hundreds of last - minute patrons swamped local post offices with the deadline for mailing of overseas Christmas packages at closing time today. 1854 Voluntary law enforcement by 18 youthful attendants at a Pacific Manor theatre is being carried on nightly following a rash of vandalism by invading gangs from other areas. hotel in Beverly Hills. later this month. Frank Sinatra is presiding at an unusual event Novem ber 18, during his engagement on Fifth Avenue, just as Jac queline Kennedy and a friend at the Sands in Las Vecas. Sinatra will give a concert Hieic, wjui ujum caste ana saw tbe newspaper a apiece orcnesira. me au - emblazoned on the dience, by invitation only, wii! pay S500 a couple. SHARE will get the proceeds . . . Edna Ferber is completing her new novel for which a major movie sale is assured . . . Lord Snowden may pho - '.ograpn, tor Lite, Margot ton - mited Freedom House obviously knew the way when they blew up ils rear with 14 people asleep inside. Also high on the list of mnre tolerant cities in the South is Vicksburg. Its mayor, John D. Holland, went out of his way to protect freedom workers last summer. "We didn't like what they were doing, but wc didn't argue their right to do it," he told me. Its chief of police, Murray Sills, made sure there was no harassment of freedom workers. ' 'You may not agree with this," he told his force, ''but this is the law." There has been no white citizen's council in Vicksburg, no Ku Klux Klan and the Freedom Democratic party, before it left for Atlantic City, was permitted to hold its convention in the Vicksburg courthouse. Vicksburg was the only Mississippi city which gave such permission. "We were not jeered on the streets in Vicksburg, as we were in Jackson and Hatties - burg," Rachel Brown, one of the freedom workers, told me. "We were invited to white homes for dinner," added Paul Cowan, "and there was a start toward a human relations council to improve race relations. One church also integrated. "In the delta and places like ere crossing. Mrs. Kennedv cv,omD we were so occupied ATLANTA, Ga. Freedom school out to see the historic House in Vicksburg sits high sights around Vicksburg" up on a hill and the approach DYNAMITING to it is difficult. If you don't To have the Freedom House know the way. you get lost blown up in this most tolcr - m a mesh of briars and un - ant of Mississippi dues derbrush. The men who dyna - therefore, is the worst r. sible setback to law and der and to civil rights prog - lBSS - in his rpptnrtr Furthermore, the bombing Meanwhile, Rev. Robert came just after five men had Duhs, a Presbyterian has been arrested in Meridian, in - been conducting vigorous eluding enforcement officers, right - wing radio programs for persecuting civil rieiits umiu rsHh,t, clear weapons would come by Presidential decision alone. Complex cedes and electronic devices prevent any unauthorized action ... In addition, since 1961 we have placed Per - choice and that he meant to missive Action Links on sev - make the most of it. He wished eral of our weapons. These are to divest the President of his electromechanical locks which sole and ultimate control over must be opened by secret corn - nuclear weapons and to give bination before action at all is to the NATO commanders, or passible ...The American at least to the NATO supreme people and all the world can commander, and also to the rest assured that we have generals responsible for Viet taken every step man can de - Nam, the right to decide vse to insure that neither a whether to use nuclear weap - madman nor a malfunc - otis. tion could ever trigger nuclear war. These locks are designed to correct a weakness of the old system. In (he past, in Turkey for example, the nuclear warhead could be used if two keys were turned, one key by an American oificer and one bv a Turkish officer. The new electronic lock was designed to eliminate the rhk that would arise if the American officer's key were lost or stolen: that a nuclear explosion could be set off for some other purpose than an American purpose. The new lock is controlled not by the President in the White House, but by a high commanding officer in the miliiary theater. This is a safeguard against crime, lunacy or carelessness, and we can be quite certain that none of our allies in NATO is opposed to a tight control So the story entered its third 01 these enormous weapons, nd nrasent chanter. Tpil H Having raised doubt about Furthermore, the Catholic McElrnv. nne nf Presirtpnt the electronic lock. MeElrnv priest. Father John Kist, who Dwight Eisenhower's secrc - worries out loud about what attended the council, has now taries of defense, and a task would happen if the President been transferred, after seven force which includes two re - were killed or disabled. Nixon years in Vicksburg, to Yazoo tired chiefs of staff have come is worried about what would City. The transfer is connect - forward with a report which is happen if the Soviets were able ed in the public mind with sutransert to evnrckp thn mir. to blot out coromunipaiirm hc - the integrated meetings held suing phantom. Richard Nixon, tween Europe and the U. S. But in the immediate aftermath it was obvious that these loose proposals were the principal though not the only reason why, in capturing the Republican Party, Barry Gold - water has divided it. The record shows, furthermore, that in the effort to reunite the Republican Party Senator Goldwater then tried to make it appear that his proposal to delegate authority and responsibility in nuclear matters was in fact already in practice and that he was merely asking President Lyndon Johnson "to admit and face" the fact. This Is still the view of Dean Burch, chairman of the Republican National Committee. This dodge foundered on the query why the Senator was so wrought up over something that in fact he agreed with. DEADLOCK separately, is trying to slay the ment and demanding that the and definitely set bi if it is stalemated Nureyev at the doing "Swan Lake Vienna State Opera. A cruising New York press car slopped at a traffic light ::a: workers and Negroes, and just after a pocket of dynamiters was arrested in Mc - Comb. where 16 homes have been bombed this summer. It was expected that bomb ings would dimmish after the UN children mesc arrests, instead came UNICEF, have me viciisourg .freedom House dynamiting. Paul Cowan, a graduate student at the University of Chicago, who had spent all summer in Vicksburg, predicted: "There will be really embittered people and real revolutionunless the white citizens of Vicksburg react." The white citizens of Vicksburg did react. Mayor Holland went on the radio to plead for the end of violence and the apprehension of the guilty. He blamed the bombing on outsiders. Editor Louis P. Cashman Jr., wrote a strong front page editorial against violence in the Vicksburg Post, his second. And the ministerial council issued a statement condemning the incident. However, the inside fact was that members of the Baptist clergy, the strongest in Vicksburg, were not present at the ministerial council; only one Episcopalian and The basic device of McElroy and Nixon is to ask questions and raise doubt" which they know, individually and several - Kn!,,S?te. ou.t swered bv President Johnson of the UN, but get the UN out of the United States. His .influence has been such that the Hallowe'en collections for fund. been aban doned. The children who collected for UNICEF were subjected to too much abuse. Despite the generally strong reaction of Vicksburg citizens tn thp hlrtH.iniT lin nf CVjirlm House, however. tM civil wmiy, wmun me reject - rights battle is stalemated fd Herter amendment to the For any answer to the McElroy and Nixon criticisms and questions would require the public disclosure of the most secret U. S. war plans. Tins is the reason why General Eisenhower has refused to be drawn into the campaign discussion and has publicly deplored the whole business. He himself once carried the re - :k. And 1964. Republican platform calls L;s "the most awesome responsi - secmed to freeze, worry, Mrs. Kenned, the photographer up front, "We're on our way lo cover a collision" . . . Mrs. Kennedy turned to her companion": "That's why I love New York." and all we could do was keep out one Methodist. And inside the Don't f ial1 and et some Negroes said to register," he said. "Bui in meeting it was stipulated that the resolution was lo be Vicksburg, thanks to police published only if OK'd by the THI STKANQI WOtlD MR. MUM protection, we really had chance to work. We started our own newspaper, took a political survey of a Negro ward, and arranged for trips by members of the freedom mayor. So church leaders did not stick their necks out too far in condemning the tactics that Christ had condemned with such fervor 2,000 years before. moderate and sophisticated city, its prospects are worse in other parts of Mississippi. Said Rabbi Robert Blinder: "There is less talking going on between the races than there was one year ago." Said Mayor Holland: "These kids who have come down here are goc them are 19. one is 22. Yet they are coming into an area where this problem has existed for 10D years and they are coming in to straighten it out in one hot summer." Said Paul Cowan: "There were between 600 and 7110 young people who went to Mississippi last summer. They were talented and dedicated. They are among (he potential leaders of the nation. What wilt be their attitude toward government if they cannot get protection even in Vicksburg? Like young Negroes all over Mis sissippi they will embittered loo." bility faced hy the President of the United States ... the control over our nuclear arsenal." The McElroy - Nixon contribution raises three points which are meant to show that President Johnson lias established such tight control over nu - kids. Three of clear weapons 'that in certain emergencies these weapons might fail to deter because they could not be used at all. Both assume that the gulli ble voter will suppose that the men who design and operate the vast and intricate system or" nuclear deterrents failed to think of these obvious contingencies. On the face of it, it is ludicrous to suppose that McElroy. who left the Pentagon in 1959, and that Nixon, who left the government in 19S1; have thought of something which nobody in the government has yet thought about. McElroy's concluding recommendation in his report to Senator Goldwater on October 5 is that "the President should inform the American people of the plans and preparations made lo insure the continuance of U. S. capability for immediate response to any attack in the event of a Presidential death or disability. This statement, we emphasize, should include the identity, by name and office, of those now designated to succeed the President in control over the entire nuclear apparatus in such a crisis." Thus, according lo McElroy, the President is to inform the potential aggressor that when he has knocked off the President, here are the names and Both McElroy and Nixon ask the addresses of the next men us to be worried, and to be lieve that our allies in NATO are worried, because since 1961 the government has improved ils technical control of the nuclear weapons that are dispersed all over the world. The new device was described by he will want to knock off. A child ought to be able to realize that if the President is killed in the nuclear aggression, the plans for dealing with this blow are among the deepest and most secret oi our war plans. THE PUBLIC VOICE Letters From Times Readers I CASPAR WEINBERGER Proposition 6 Saddled With Inept Description Th TTmsj wrtci render as valid mi opinion. Tiny (rtould Do The initiative. Proposition 6 is a little understood and ineptly named measure called "the retaliatory lax" on out - of - state insurers. The constitution now au - imposed against California insurance companies doing business in their slate., if the California tax rate is higher than the home slate. Proposi ng Generally be mad. bat. Wills ed wrINnn attention and acceptablt Uylm and tion Imnl tn writr is encouraged Editor, The Times thorizes a tax on foreign In - tion 6 would require California su ranee companies that do to raise the tax on ioreian companies whenever their insurers business here when the home California pursuant to the conduct of a mrmprv Ihe Droeerim - p p - minlaW h nuTipr - a,Hh ,r the State Constitution, will be iiig five? The Kumftrf Act ntX!T5 ?a states tar California g. placed on the November ballot conrucrLTZr panies at a rate higher than at a rat; gher than the 2.35 w,ii as Proposition 14. The people nf , "1 e they do their own companies. cent w? Some snmrrSr .Sir will finally have a voice in dwelling not , ,TT Ever since 1910 California has I?USI arises oecause our JS&I'JSIS choosing whether or not w fS Sftan had this tax which, in effect, ady en - anX want to continue down the road oSsly tfe Tso ! tenure is, designed to retaliate on fSfl d "lZ. 0rt VJ'Vr, fn nrf S language. iSs consmZZl PHRU - mf(1rd AC Wi nptofcomiBtulJonalIdemo. moral overtonesfnever ?Pa se?eFs of cratic government. considered by toe woDonents California politics and forced Elm, otpm ni,i :.?..,,,r?pmsnts on tte legislature by the die - ignorance is not 'subject to leg - sider the e. Cfcarf tales of the mob Sept. 20, 1963. Nation, rather it belongs m itspassaEc MpUcanons against California insurance 1UJU. his constitutional companies. amendment is designed to make the legislative enact - Generally the state icsur - ment effective and uniform ance tax is a percentage of with the constitution. Fur - gross premiums received on ther, our constitution Au - Tuesday, Nov. 5, 1963, the the area of education. TJnfor - vtW TV - "VlfJ " . re . taxes KatttL gasofracc,coior c ra by diaK . liiai - urjianonaiGriEin. Wbo believes mnst states hut nnr hv a fomia , - ( - K i in the democratic process, and For example, California taxes companies, but which does not Bill 1240 (the so - called Rum - ford Act) was filed with At - ters in the area of housinc. torray General Stanley Mosfc. The Rumford Act is discrim - truly considers t Without qualification this ini - inatorv because it affeM, hr iT "STl c?f e5' " " JW ft rate than tiaHve is the most important selected nwertr owner mCr v1" " "m YUls tl LL s political issue ever voters of California. important selected property owners. Why YES! to face the should fte law spell out a dif - - K. - . rj; w. ferent set oi rutes - governing 2.35 per cent Foxtv - fhree which thp. .Wmc rviv w JOHNSON, states, but not California, al - held unoonstitntkmaT. i. San Mateo.j low a retaliatory rate to be toted by Proposiiion 6.
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