Galesburg Register-Mail from Galesburg, Illinois on April 26, 1973 · Page 4
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Galesburg Register-Mail from Galesburg, Illinois · Page 4

Galesburg, Illinois
Issue Date:
Thursday, April 26, 1973
Page 4
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r m •I • 4 ^lesburi ister lolesbu Thurs 1973 m r m. h "to *1 1 I I I •J to m • •> W • •ft • • m m Profit? Same on Youl EDITORIAL Comment and Review Higher Taxes Possible a/iminififrafion fire That idea appears \ Congress and the administration in a mad scramble to find a means of cooling off the nation's economy before it gets out of hand, but the alternatives do not look very bright. i Already the top economists are considering the possibility of another tax increase, and a joint committee in Congress is considering legislation requiring strict ceilings on federal spending in all areas. Also pending is the extension of the Economic Stabilization Act, the tool with which President Nixon froze wages and prices. It expires this month. The tax increase will obviously run into heavy opposition if it ever reaches the halls of Congress, Nearly all of the candidates elected last November did what aU winning candidates do in the fall of an election year—promise the voters no new increase in taxes — and going back on that promise could mean a shortened political career. Taxpayers can sometimes swallow a boost in their income tax computations and even approve a bond issue or two when those in government can demonstrate that the increases are necessary. But that will be difficult to do. There is \ittle justification for higher taxes in the United States today other than that found in the Congress and administration's inability to meet economic crises head-on with workable programs. The American people should not be continually penalized for bungling bureaucracy. The Joint Study Committee on Budget Control in Congress has suggested an overall spending ceiling and subceiUngs for all appropriation areas. The ceiling concept, its advocates say, would return some of the spending control to Congress and make it more difficult for legislators to introduce spending legislation that the nation cannot afford. the surface, but history has demonstrated that it may be unworkable. Spending ceiUngs of this severity would require Congress to cut deeply into appro* priations for defense, foreign aid, government administration, some domestic programs and a number of other areas where excessive waste exists, but until now have remained untouchable. Budget cuts of h significant magnitude are going to be painful III lawmakers of them will be attempting to keep the pain tritioi Timely Quotes The overweight consumer is the most unprotected consume of all. -Sen. George McGovern, (D-S.D.), chairman of a select committee on nu- 1, announcing hearings into the multitude of popular diet plans. The technique of tiie Communists is, you never defend, you never talk about anythiiig that went wrong. They never admit anything went wrong. This is the technique of the performers in Washington. —Georg!^ M ^a i have tlie impression people seriously believe marijuana is good for them and contend alcohol is more danger(ms. je John Sahoeuer, Muskegon, Micli., after telephone wrvey. There are many ways the least of these is to t»lk John Lmdnay 9 fae'art of negotiating. at a minimum. Congressmen, for example, will publicly support defense spending cuts, but not when they affect their congressional districts or states, or when they bring on excessive amounts of opposition from powerful lobby groups they are closely associated with — the Veterans of Foreign Wars, the American Legion, government and government-related workers associations, and high-ranking Pentagon and administration officials capable of doing important favors, to name a few. Another alternative, the extension of wage and price control^s, is not attractive, but may be a necessary evil„ providing the act can be administered fairly. Phase I and II of President Nixon's economic game plan demonstrated that wages were controlled more tightly than prices and that organized labor could only be counted on for token support of such a program. r And wage and price controls can at best be a temporary solution to the problem. Price increases, for instance, tend to increase production so that supply and demand are more closely aligned. When prices are restricted, there is no incentive to increase production, and shortages are guaranteed. The result is rationing. Controls can be effective on a short-term basis, but in the long run, they can have a damaging effect on the free enterprise system. The alternatives left open to Congress and the administration are by no means pleasing or easy to assess. However, it is vital that the federal government take immediate steps to slow inflation and make the economy livable. It is a sad state of affairs when the American farmer is criticized for making the first real profits in years; when we cannot keep up with productivity in European and Asian countries poorer and less versatile than we; when labor and management can no longer negotiate on the basis of common good, and when American taxpayers must work four or five months out of the year just to pay taxes to governmental agencies unable to perform efficiently. Experiment in WASHINGTON (NfiA) - A large number of American big cities have always had at least a few areas which were "suburban" in some ways — houses with a spacious, green, well- kept setting, more neighborliness, a sense of good living. I have watched one in Chicago go slowly downhill, when it should not have. It was one of two or three such enclaves on the city's South Side, for long years miles from the decades-old Black Belt which formed the basic core of the black population in Chicago. As the city's blacks rose in number (a general northern city phenonlenon), the ranged further southward, widened their westerly-r u n n i n g zone (where the riots of the mid- 1960s occurred), fanned out elsewhere. Even in the 1950s, a city expert told me blacks lived in 45 of Chicago's 50 wards. The enclave I have in mind was ultimately surrounded by blacks living in three^story apartments once occupied by middle-class whites. These were solidly-built places, a great deal sturdier and room­ ier than their counterparts today. Black owners and renters gradually took over a good pro-^ portion of the retail shops along the two nearest linear shopping streets, though some stUI remain in white hands. Blacks beg^n buying into the enclave itself. I am familiar enough with the situation to know that those who did tended to be good, strong, stable families. The enclave kept Us look of well-being. There was no mad exodus of whites to the suburbs. On the contrary, through an active, neighborhood-conscious community organization, a very determined effort was miade to keep the enclave "balanced." The effort met with real success. As blacks were moving in, new white families also took up residence. Black and Vfhi ^e families mingled on the social level) albeit on a somewhat limited basis. A modest neighborhood block party, held annually, was well attended by blacks and whites mixing in evident good will. To the extent the black movement into and around the en­ clave required higher income levels, the change would seem to substantiate the argument just made by authors Richard Scammon and Ben Watbenberg that such gains are being made. Yet, in only the last year or trend has the hopeful The enclave truly two, stopped. looks to the eye as good as ever. But whites have ceased moving into the area. And those still there are, sadly, moving aldtly otii Whit hii m amwin m In ihf te^rl^ bte detefkiriitiMi the Mtr' iding ifNirtffMAt afid iho^ ping zdnesy In the itiereitte of crime, and in the gfoinrth d( fear. - "r Street robberiii and btirgta^ ries In tho «e zones are ms^ mon. Last suimner three ><n)in| men were murdered in an apartment not far from the enclavcf. Before that» t ihurdir took place in the enclave itaelt as a thief silenced his victim. I have no idea of th<e exact income levels of the pehple living in the apartments near^ by, but they ought to be fairly good. Still, this territory la taking on tne look of alum. The shopping streets are scarred with empty boarded-up stores. One whole block and a half was torn down. A housewife thinking of moving into the enclave can fairly ask: "Where can I safely shop for groceries?" The noble experiment in "balance'^ is dead. And no one 4 in the enclave is more fearful than the stable black families whose move there seemed so promising to everyone. Other Pressing Matters in Washington WASHINGTON There are too many distractions to get much work done here. Every hour we have a new Watergate story to delight and entertain. Like Martha Mitchell saying her life is in danger, and husband John saying he doesn't know anything about it and he's too busy to find out. What do you think his reaction is when she asks him to rub her back? Up in Congress they're n'^t getting much done either. The other day the House of Representatives was debating whether or not to shore up the west front of the Capitol, a major national issue the members haven't been able to resolve after ten years of talking about it. Some new Congressmen say they've received five-inch thick wads of material on this critical question from both the Speaker and the Majority Leader, although not one word on such trivia as Cam- badia or tariffs. BUT DON'T dismiss this furiously productive activity as another example of your tax dollar at work. Here and there in the dusty corners of unvisited THE MAILBOX Fremont Follie§ Editor, Register-Mail: It is very hard to believe that the display of utter disregard for the motorists who use East Fremont St. is really going on. Why on earth would anyone leave the pavement in the condition that it was left? Does a load or two of blacktop cost that much? This uncalled for lack of concern for the motoring public should be fixed at once! The real kicker is the Burlington Northern crossing. This is a real disaster area. Waiting on trains that move as if there were no track is bad enough, but when a giant company like BN can't put a crossing back in shape in a reasonable time, I believe they should be brought to task. There are many hundreds of people who use this crossing, and we do not all have Jeeps, or Sherman tanks or steel belted tires. Fremont St. is a vital linlt in our street system and with no other crossing in the Ferment area it is used to the upmost. I for one am fed up with the slipshot repairs that have been made by the city and the riail- road. If the city and BN have valid reasons why these two disaster areas can't be fixed, they must Comment By Nicholas Von Hoffman committee rooms some of the boys are playing around with a few ideas. One of the more intriguing is a bill that would repeal the prohibition against paying interest on checking accounts. A lot of people think the reason they don't get any mterest on their checking accounts Is that it would cost too much for the bank to compute. Not so. In fact, banks once did pay inter-^ est on checking accounts, but during the depression it was decided that the competition between banks on checking-account interest rates was leading to unsound business practices. Isn't it remarkable how often our men of affairs must be restrained from destroying themselves in free market competition? And yet our textbooks continue to say one of the glories of our system is that the inefficient, the imprudent and the. just plain stupid must pay for their foHy in red ink. People in banking and finance are divided about the idea. ThQse opposed fear something called "disintermediation," which is the money man's mystical way of saymg that paying interest on checking accounts might suck the depositors away from savings and loan associations. You probably would get a lot of disintermediation (ugh) if the law were repealed and nothing else were done at the same time. However, the proposal to allow Letters to the Editor have public relation people who can tell us common work-a-day people who are tearing their cars up what is going on? And why! - Jack Derrick, Galesburg, RR L Bus Troubles Editor, Register-Mail: Regarding our local bus company's troubles for survival, I have often wondered what would happen if ALL the owners, managers and the entire personnel of stores within the city limits of Galesburg would leave their automobiles at home and patronize the buses. It seems that with a change of this kind, the bus company would be forced to put on much larger buses and give much better service. Also, there would be many more parking places left for the customers. —Paul Nolan, Galesburg own beans, onions, lettuce, peas and they are so good. I wish there were a way to plant a steak or a roast or chops. But if we will only raise our green vegetables, we will be able to buy all our meat a little more easily. Also, it's good for your figure and health. Go out and get a tan while you work. Plant some flowers too. Just take time to enjoy old mother earth and you will reap so much. God gave us these beautiful flowers and vegetables so let's enjoy them. •—Nova and Orvllle Gocdeke, Galesburg. banks to pay interest is but one of many bterrelated ones contained in a document depressingly entitled "The Report of the President's Commission on Financial Structure and Regulation," or more conveniently referred to as the Hunt Commission report, after Reed 0. Hunt, the retired Crown Zeller- bach executive who chaired the group of academic heavy heads and bizniks who wrote it., THE HUNT Commission would protect the S&L's by cutting them loose of much regulatory restraint so that they could offer their customers checking accounts and other banking services and, by competing, stave off the consequences of that charming word, disintermedia­ tion. In fact, the commission's recommendations go much further. They would even eliminate the ceilings that law has placed on how much interest banks and S&L's can pay their depositors. The whole thrust of the commission's proposals would be toward deregulation and freeing this most controlled of all occupations. From the customers' point of view, this would permit financial institutions to compete for the public's dollars on the basis of price and not a lot of expensive widget type services of very marginal use. Wliich would you rather have your savings institution do, install a costly machine that permits you to cash a $50 check at 4 o'clock on Sunday morning or pay you a per cent and a half more interest? As matters stand wow, banks are like airlines. They can only hope to lure you in by offering you a lot of stuff you donH go to banks for. That's what gimmicks like free electric (Continued on page 27) ' 1 Crossword Puzzle Missing Words Plant A Garden Editor, Register-Mail: Take time to plant a garden this year. Help cut these food prices. You need a hoe, spade and rake to care for your plants. Just make a row and plant. It's such a wonderful and profitable liobby. You will feel so proud when you can pick your ACROSS 1 Floor 4 Bird 8 Cain and 12 Spanish cheer ilaltbrewft liOpenthe mouth wido 15 Sarah bar^. Abrabax raUways (coU.) DOWN 1 Greatest quantity 2 Cenug of swana Siberian 4 West Point Amer to Prevbti Pinb R wwi^ win w M r-i 16 BaUerinas 18 Neptune'js 20 Set ane-v\r 21 and bolt 22 Girl SBoysname 6 asalamb 2iFoolish (pL) 7 Sigmoid curv9 25 r~ Khayyam 42 Currier and 8 Malarial 26 Leather thong ~. fever (pL) 27 Prison (colL) 43 Roman 9 Deep tone 28 Individuals LO Fencini^ sword 29 —- as a pin LI For fear that 31 Weirder own medicino 17 Sub^titutioA 83 Seek a safa 26 Pathological M Combat* Galesbwflf R^sfer-Mail Office 140 South Prairie Street Galesburg, Illinois. 61401 TELEPHONE NUMBER Register-Mail Exchange 343-7181 Entered as Second Class Matter at the Post Office at Gaieshurg, ii- linois, under Act of Congress of March 3, 1879. Daily except Sundays and Holidays other than Washington's Birthday, Columbus Day and Veterans Day. ^ 1 ^ - _ _• —* Ethel Custer Prltchard. publisher; Charles Morrow, editor and general manager; Kobert HdiXtison, /nanag- ing editor; Michael Johnson, assistant to the editor; James O'Connor, assistant managing editor. SUBSCRIPTION RATES By Carrier in City of Galesburg 5Qc a Week By HFD mall in our retail trading zone: 1 Year $16.00 3 Months $5 25 6 Months % auo 1 Month $2.0U National Advertising Representatives: Ward Grilfith Co., Inc., New Y.Jik, Chicago, Detroit. Los Angeles. San Francisco, Atlanta. Mm- ncapoJis. Pittsburgh, Boston, Charlolle No mail subscriptions accepted In towns where there is established jiewspaper boy delivery service. By Carrier in retail trading zone outside City of Galesburg 50c a Week ^y mail outside retail trading zone in Illinois. Iowa and Missouri and by motor route in retail trading zone: 1 Year $22.00 3 Months $6 00 6 Months $12.00 1 Month $2.50 By mail outside Illmols. Iowa and Missouri: 1 Year $26.00 3 Months $7.50 6 Months $14.50 1 Month $3-00 iluids 27 Pro and SOCaiarmola sort 32 Gaseous hydroGwbon SIMor« deceptive 35 Flowery shrub 36 Musical gyUable 37 Knocks 39 Eaormous 40 Shepherd'g 41 Johnny 42 Become operative 45XUlo£ Kpixie* 4d Revered 51 Over (poft) 52 Goddess 9£ discord 53 Simple 54 Droop 55Druiikardg 56 Rainbow 57 Certain between two 33 Harass persons 40 Iron, Plane ffurfacei 41 Mid way emperor 44 Distinct pari 46 Persian liiry 47 Aquatic caxnivoro 48Unitso| •nergy CNEWSPAFXR IMTUPftlSC AIKAJBKH AUDIT BUHEAU OW CIRCULATION

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