Carrol Daily Times Herald from Carroll, Iowa on May 23, 1974 · Page 5
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Carrol Daily Times Herald from Carroll, Iowa · Page 5

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Carroll, Iowa
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Thursday, May 23, 1974
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Page 5
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The Fizzling of U.S. and Soviet Trade; Digging a Hole for Detente Dv NEA-Umdnn Kcnnnmist News Service . . . *T-^ . *^ .. :_i t __ A _ j „ „ ~ ! f » W. « o- n r.; rl ^ n « ' r. — . . . ... Krnnnmist News LONDON - The idea of a massive expansion of trade between the United States and Russia seems to be dying the death. The trouble is that each side, misunderstanding the motives of the other, expected them to be something they could not be. Russia thought that President Nixon's desire to chalk up another achievement on the foreign policy Scoreboard, plus America's need for more exports, would give the Soviet Union a bargain. And many Americans believed — and still believe — that inside every Russian there is a rational westerner waiting to get out, and that trade can release him. It all started in March, 1972, when President Nixon visited Moscow, and a commission was set up to produce an agreement to promote trade between the super-powers. In July the famous grain deal was made; massive shipments began two months later, financed by the Commodity Credit Corporation on terms that were distinctly satisfactory for Russia. Then, in October, 1972, a comprehensive trade agreement was signed. This provided the framework for continued trade of all kinds and specified that each nation would accord most-favored-nation (MFN) treatment to the other. In the same month, Mr. Nixon made an official judgment that it was in America's national interest to trade with Russia; this had to be done to let the American Export-Import bank finance the exports. Everyone lived happily, if not ever after, at least for a while. American exports to Russia increased from about $167 million in 1971 to more than $1.2 billion in 1973. About 45 per cent of this was financed by the Export-Import bank at 6 per cent interest, well below MILE AWHILE ^^CASE POWERS EQUIP. HEY/ THIS is PRIVATE PROPERTY WE KNOW IT- AND WE WANT TO BE PRIVATE/ IT 13 THE PRIVATE OPINION OF CASE POWER & EQUIPMENT THAT YOU WILL APPRiCIATi THEIB EFFORTS TO PLIASE 100. FOLLOW; THE CROWD POWERLEQUIPMENT #**792-9294 * CARROLL, 9$u>& commercial rates. And American imports from Russia rose to almost $225 million more than twice that of any previous year, but still a minuscule portion of American trade. But then last October's war in the Middle East set a lot more Americans wondering just what detente was all about, in addition to those who had been sceptical about it from the start. To many of them it seemed to be nothing more than a lot of grain (which had been heavily subsidized in the first place) sold on terms that looked scandalously low in late 1973, and a bunch of lOUs in the Export-Import bank's till, given in return for valuable technology. The attack began. Sen. Clifford (R-N.J.) wanted to know why the October, 1972, agreement had not been submitted to Congress as required by law. Sen. Richard Schweiker (R-Pa.) asked the General Accounting Office to Observe Soil Stewardship Week in Area Soil Stewardship Week, a nationwide observance which emphasizes man's responsibility to protect and conserve soil, water, and other natural resources, is being observed in Carroll County this week. Lloyd Freese, chairman of the Carroll County Soil Conservation District, said this year's theme, ' 'A Different Place," emphasizes "how the many changes now occuring in the nation affect our continuing responsibility to be good stewards of the land." Freese cited the energy shortage, environmental pollution, and the growing concern over land use as examples of changes and see if the President's "national interest" decision was legal. The Administration's trade reform bill, which would have empowered the President to give MFN treatment to Russia, had the Jackson-Vanik amendment attached to it before it was passed by the House of Representatives; this forbids MFN, and credits as well, unless Russia relaxes its emigration policies. Caught up in these controversies was the project of the El Paso Natural Gas Company to develop natural gas supplies in Siberia. The first $50 million installment in credits was caught in the freeze caused by the General Accounting Office's answer to Senator Schweiker that the President's blanket "national interest" judgment was in fact illegal, and that a separate judgment was required for • each loan. Then came another ruling which said that the President's blanket decision FUNNY BUSINESS Times Herald, Carroll, la. r* Thursday, May 23, 1974 D was legal after all, and some credits were released; but the natural gas deal was still in trouble. Putting that much credit into the Soviet Union for gas that the Russians could stop by turning a valve was too much for some senators to swallow, particularly those who would rather see exploration for energy sources in their home states. The Russians have reacted predictably; they accuse the United States of welshing on what they say was virtually an assurance from Henry Kissinger that they would get the credits — and MFN deal. They argue that the Jackson-Vanik amendment is an unconscionable interference in their internal affairs, and they add that they don't care whether the gas is developed; they would be happy to leave it in the By Roger Bo»en ground. Russia is unlikely to get rate increased to 7 per cent on February 4, but a NATO MFN treatment any time • committee has criticized even soon. That need not make all that much difference, since more than 80 per cent of Russian exports to the United States enter duty-free anyhow. But Congress might yet forbid credits, and interest rates might be raised. The Export-Import interest that level as a kind of foreign aid to America's chief adversary when Eurodollar rates in Europe are 9-16 per cent. To the Russians, trade, technology and credits are what they want from detente. Since the granting of most-favored-nation treatment was a key condition of the October, 1972, trade agreement, that is now a rusting key to a still-shut door. It may be possible to salvage something from the trading practices of the past 18 months and the plans that exist for the future. But it won't be exactly detente. ici The Kconnmist of London Breakfasts Held For Graduating High Schoolers SIR, I'M A600TTO PPESS "TOTAL" NOW». 5-4 developments affecting the use of America's natural resources. "We hope," said Freese, "that during Soil Stewardship Week, millions of Americans will pause for a moment to consider their responsibilities for the protection and use of the Lord's earth." The district, upon request, has provided local churches with programs or bulletin inserts and copies of this year's observance booklet. The material was prepared by the National Soil Stewardship Advisory Committee of the National Association of Conservation Districts. The advisory committee is composed of churchmen of different faiths. This is the 19th consecutive year that the Carroll County Soil Conservation District, along with almost 3,000 similar districts throughout the nation, has sponsored soil stewardship week MANNING — The 56 graduates of Manning High School were honored at breakfasts at their respective churches on Sunday morning May 19. Nine seniors and their parents were honored at a 9:30 a.m. breakfast at the United Presbyterian church. The seniors were Dean Fara, Tom Gore, Doug Hansen, Barb Hudson, Deb Opperman, Peggy Sibble, and Keith Stribe. There were 21 seniors and their parents honored at a breakfast at the Sacred Heart Catholic Church following the 9 a.m. mass. Those seniors were Dan Arp, Joe Blum, Barb Drees, Jeff Drees, Mike Foley, Mike Gawley, Kim Haubrick, Linda Hughes, Bill 5 Arizonan Return Home WESTSIDE - Mrs. Audrey Billbee, grandchildren, John, Lisa, Chelsea, and daughter, Mrs. Lendon Kohler, left for Mesa, Ariz, on May 11 after spending several days in the Ralph Bilsteen Sr. home. Mr. and Mrs. Clifford Mason were weekend visitors in the Lonnie Bartels home in Des Moines. While there they attended a baseball game between the Oaks and Tulsa. Johnson, Jan Kasperbauer. Dean Moeller, Paul Renze, Randy Renze, Mary Jane Rohe, Dale Rohe, Dale Sieve, Karen Tank, Bob Weiskercher, Dan Williams, and Jess Zerwas. Special guests were the Catholic high school teachers and the CCD teachers. The CYO girls helped serve the breakfast. The First Methodist Church recognized seven seniors at Sunday morning church services. Jean Garner, Jim Karstens, Jeff Karstens, Randy Baker, Bev Baker and John Lussman of Arcadia were honored. The services were preceded by a 7:30 breakfast. After the breakfast a short program on the students was presented by Beverly Mitchell. She gave each a gift from the Womans Club and a long stemmed red rose. A 7:30 a.m. breakfast was held in the Lutheran Fellowship Hall for the 20 Lutheran seniors. Seniors honored were Chris Beck, Gwen Fielweber, Nancy Fogleman, Gary Graner, Martha Heinicke, Mary Heinicke, Randy Jahn, Jerilyn Kusel, Rich Lohrmann, Randy Mahnke, Larry Mundt, Stan Musfeldt, Connie Weems, Steve Zinke, Jon Ahrendsen, Coleen Dammann, Diana Doyel, Dave Nelson, Dale Rienke, Susan Rutz and Nanci Spies of Audubon. Each graduate was presented with a rose. DATE TIME.. Make Us Your Snack Stop Whether you want a whole meal, snack or a cup of coffee. Slop in . . . we're glad to see you. PAULINE'S DINING ROOM AVAILABLE Phone 792-9101 CAFE Hwy. 71 South Sherwin-NVilliams helps you do it all rr-aaa^ m V GLOSS x House im paint A-IOO LATEX HOUSE PAINT Great coverage! A-100 is our best hiding, longest lasting "at latex house paint. More Hiding pigments, more acryl- c latex, more mildew fight- ng formula than our other flat latex house paints. Easy clean up with soap and water. Satisfaction guaranteed 799 m ••ROM Reg. $10.99 Gl °«. Our best hiding longest lasting gloss latex house paint. Use it on *"* ex , terior s ""ace, from siding to shutters. Performance and durability! Easy clean up with soap and '_ ter. Satisfaction guaranteed. ^^^^__, SALE 799 m Gallon • — vfefe^W Guzuan&ed gua Reg. $10.99 ^ U SOLID COLOR EXTCRIORSTAIN ' For that rustic wood appearance. Comes in 25 rich, full-hiding flat colors that really beautify! And protect! Now made with a special formula that fights mildew. Satisfaction guaranteed. SALE Mini-Basket Washer with new Permanent Press/ Poly Knit Cycle ^3" SALE SAVE ON ALUMINUM LADDERS STEP LADDERS 5-lt. Keller »505 6-ft. Keller 4506 EXTENSION LADDERS 16-ft. Keller #1216 (Working length \3 It.) 20-11. Keller #1220 (Working length 17 It.) 24-ft. Keller #1224 (Working length 21 II.) NOW $12.87 NOW $14.87 NOW $22.87 NOW $27.87 NOW $32.87 Sherwln-Wllllams Company We price will be cheerfully refunded. SAVE*4.OO DIRECTOR'S CHAW Comfortable, classic design Director's Chair. Great for patio, porch, family rooms. Easily assembled, folds for storage. 12* After Sale Price $16.95 SALE ENDS MAY 28th. COLOR COORDINATE YOUR HOME-INSIDE AND OUT-WITH PAINT. WALLCOVERINGS. AND CARPETING AT THESE SHERWIN-WILLIAMS DECORATING CENTERS. Automatic DRYER with PERMANENT PRESS and Cycle Signal Scrubber Dishwasher Rated No. 1 for Cleanability ---- -..w stringent quality control. Easy clean up w,h soap and Water . s^'™ tion guaranteed. 6** ^^ ••IION MODEL WWA 8350P This Mini-Basket washer with variable water-level selection washes a handful or up to 18 Ibs. Includes: Permanent Press /Poly Knit cycle; Automatic Soak; shortened Delicate selection; two spin-speeds. *268°° Frost Free By Side MODEL DDE 6200P Permanent Press cycle permits fabrics to relax, helps reduce wrinkles. A long cooldown period helps prevent wrinkles from returning. Manual selection of drying time up to 190 minutes. Cycle signal. Separate star, button. $ NOW ONLY ^ I Upright Freezers r Self Clean W Range Does The Job That Women Dislike -Automatically 4 Cycle dishwasher with a maple cutting board top. All colors. $25300 Cleans oven and drip pans too. White-Avocado and harvest- walnut trim on light. Pull out burners. NOW ONLY $328 CARROLL 520 N. Adams St 792-4110 It's so easy lo shop Sherwin-Williams Of aling Center. Jusl "Charge it." at a cor- say. Illllllllllllllllllll 19 cu. ft. Wheels. Adjustable shelves. Ice maker can be added. White or Harvest. \ J.1-V NOW ONLY $44300 12 Cu. Foot. Door shelves. Easy access to all food. NOW ONLY Room Air Conditioners From 4000 BID Up - 5 Year Warranty - Free Installation 00 Compactor LOW AS $9995 Put a week's trash in one easy to handle bag. Regular $219.00 2 ONLY NOW ' IHEIRES ELECTRIC COMPANY] 45 YEARS OF SERVICE TO CARROLLAND

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