Carrol Daily Times Herald from Carroll, Iowa on June 27, 1974 · Page 10
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Carrol Daily Times Herald from Carroll, Iowa · Page 10

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Carroll, Iowa
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Thursday, June 27, 1974
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Page 10
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Growing Distrust of Economic Management Ideas, Techniques NEW YORK (AP) Distrust is growing in American business circles about the concepts and techniques of economic management, especially in regard to inflation control. And with it grows a distrust of leadership also. While formal surveys may not as yet prove there is widespread disillusionment about concepts and leadership, there is little question in discussions Urges Limit — Urging a "strong policing mechanism" to oversee campaign spending is Edmund G. Brown, Jr., winner of California's Democratic gubernatorial nomination and son of the former governor. Brown suggested that he and his Republican opponent, Houston Flourhey, limit campaign spending to $500,000. Zion Lutheran Sponsors Tea, Fashion Show Times Herald News Service ARCADIA — About 200 persons attended the Mother and Daughter Tea and Style Show June 21 in the Zion Lutheran Church fellowship hall in Arcadia. The theme was "Pattern for Living." Master of ceremonies was Mrs. William Jentzen president of the Ladies Aid Society, which sponsored the event. The highlight of the evening was a humorous style show. "Costumes were original creations found by the models in.their own homes. Moderator was Mrs. Louis Gehlsen who portrayed Phyllis Diller. Models were Mrs. Orville Kroeger, Mrs. Richard Rose, Mrs. Albert Vetter, Mrs. Ralph Niehaus, Mrs. Stanley Grundmeier, Mrs. Bob Erps, Mrs. Lee Nobiling, Barb Musfeldt, Mrs. Vernis Grimsman, Mrs. Iva Spater, Mrs. Elmer Irlbeck and Mrs. Duane Meggers. Carla Ehlers, pianist, was in charge of musical arrangements. Tribute to mothers at the tea was given by Mrs. Curt Brotherson and to daughters by Mrs. Wilbur Luetje. Hostesses were Mrs. Jentzen and Mrs. Luetje. A mom medley by Mrs. Jentzen and Miss Ehlers preceded the closing. Others who assisted with arrangements were' Mrs. Merlin Brockman and Mrs. Elmer Staffers co-chairmen of Martha Circle; Mrs. Louis Gehlsen and Mrs. Wilbur Ehlers, co-chairmen of Fellowship Circle and Mrs. Merlin Rickers who assisted with decorating. Men of the congregation served refreshments. Rose corsages from plants decorating the tables were given to 36 women. All prizes were donated by various members. with businessmen that many harbor deep distrusts. Many factors are involved, chief among them being: —A wavering economic policy in Washington that suggests confusion rather than understanding. Repeated promises that conditions are bound to improve add to the doubts by suggesting hope rather than knowledge. —The documented failure of monetary policy, as practiced Neu's Group Releases Its Final Report Party organization and convention delegate selection were the key areas of reform in the final report of the Iowa Republican Rule 29 Committee released Wednesday. The committee was formed to study changes and reforms of the Iowa Republican Party and is chaired by Lt. Gov. Arthur A. Neu of Carroll. The committee recommended annual precinct caucuses as well as county, district and state gatherings and the election of party officials in non-election years, in order to generate and maintain interest year round. Concerned with the lack of interest in both Democratic and Republican precinct caucuses, the committee urged both parties to hold the caucuses on the same evening to achieve maximum publicity and awareness. The notification of all registered voters of the time and place of their caucuses by the county commissioner of elections was also suggested. Revitalization of county central committees was another concern of the committee report. The report encouraged county central committee members to assume roles as party policy makers, hold regularly scheduled meetings, and that each precinct have a chairperson and co-chairperson. According to the report, county central committee officers should be subject to removal for failure to fulfill their duties. This would be done through a district appointed committee: In order to strengthen district committees, district conventions held separate and apart from the state convention was urged by the committee. The committee strove to ensure fair and equal representation of men and women in its delegation to the Republican National Convention through a number of suggested changes. Among these was the e m p o w ering of the Credentials Committee for the 1976 Republican State Presidential Committee to challenge any county which does not make an effort toward equal representation. The committee also advocated the selection of delegates to the County, State and National Conventions be apportioned according to the presidential candidate preference of the persons selecting them. The State Central Committee was commended in the report for the elimination of National Convention delegate , voluntary assessments thus allowing a wider variety of people to serve as delegates. A committee on party education formed by the State Central Committee was also applauded in the report. Republican State Chairman John C. McDonald commended the work of the committee calling the report a great step forward in the area of party reform. "The outstanding leadership of Lt. Gov. Neu," McDonald said, "and the admirable job done by all committee members will aid the Iowa Republican Party tremendously in its continuing efforts to reform- itself," today and on which the country now is relying heavily in the battle with inflation, to have a pronounced, prolonged impact. —The conviction among practical businessmen that high interest rates are merely adding to their costs, and their prices, rather than discouraging borrowing. —A feeling that the minds of economic leaders may be closed to suggestions and differing opinions, in favor of "textbook" theories. The latter feeling is fueled to a great degree by the apparent determination of Arthur F. Burns, Federal Reserve Board chairman, to continue a relatively tight money policy to the brink of Fl/A/NY BUSINESS 4-H Club News MANNING — The Manning 4-H Senior Cadets held their Educational Presentation Day on June 24 in the basement of the Presbyterian Church. Three presentations were given — "The World Down Under" by Emily Opperman and Mary Lou Rohe, "Pattern Drafting", by Bonnie Schmidt and Peg Dentlinger, and "Come and Get It" by Debbie Mohr. Mrs. Ruth Ahrendsen was judge. "The World Down Under" was chosen first. "Come and Get It," first alternate, and "Pattern Drafting," second alternate. After the presentations the girls had a wiener roast using the grill Deb Mohr used in her demonstration. The hostesses, Sue Grimm and Ann Voge, provided refreshments. After lunch, the leaders showed slides on clothing tips the girls might need for the Achievement Show and Fair. The Achievement Show will be held on July 13 at 1 p.m. in the Catholic CCD center. Times Herald, Carroll, la. « Thursday, June 27, 1974 I depression. The refusal of the administration's new economic spokesman, Kenneth Rush, to discuss his views before congressional committees, adds to the feeling that the economic dialogue is being smothered at the very time it needs an airing. The necessity for discussion of monetary policy, for example, is made startlingly clear by the record, which shows that the prime rate now is more than double that of seven years ago, a period during which prices soared. The current rate varies from 11.5 per cent to 11.75 per By Roger Bollen ACME BU6 RESEARCH DEPT TO<3ETHIM ,,, HE IMHM.ES .hV, cent, with one large bank at 11.8 per cent. In midyear 1967 the rate generally was about 5.5 per cent. It!s rise since then has been accompanied by the worst inflation in a generation. "There's no question about • the ability of tight money to create a depression," argues John Beckett, chairman of Transamerica Corp. He adds pointedly: "Whether it can cure inflation is a moot point." While Beckett is only one of scores of businessmen who hold such views, his opinions are particularly significant because his is a multibillion-dollar service company, heavily involved in insurance and consumer and commercial loans. Beckett says interest rates are usually passed on to customers in the form of higher prices. As do other businessmen, Beckett feels that monetary policy might work if it weren't aborted along the way. That is, if a depression were permitted — and Beckett says he is willing to accept it — inflation might be restrained. "If a depression were permitted to run its course it would do the job, but the politi- cians won't let it." When the going gets tough, he said, the deficit spenders will step in and stop the cure — and add to future inflation. "All inflation is, is the taxes you should have been paying all these years and didn't," he said. "The obvious answer is that you've got to run surpluses in government and pay back the debts we already have." Other businessmen and financiers hold that higher interest rates are frustrating rather than aiding the nation's anti-inflation program. Some even maintain that an easy rather than tight money policy is the answer. Good News at Last — Relief is on the way says the White House's newly appointed economic policy counselor Kenneth Rush. The new adviser forecast a downward rate of inflation to 7 per cent by year's end. ^TEIl burxie of tianks, so We owe our friends a mountain of savings! Stop By and Cashin on "Thank You" Savings! Easy-to-Handle, Automatic 22" Wide 3 l /2 H.P. Rotary Mower $ 59 95 Briggs and Stratlon recoil start engine. 22" cut, side discharge. Automatic choke. Chromed square loop folding handle: Leaf mulcher plate. Easy height adjuster. Throttle control on handle. 7" wheels. Safety equipment. 44-1807. 225 Amp Lincoln Arc Welder 99 95 Use to weld, cut, braze solder, piece holes or thaw pipes. Has 12 heat settings. 220 Volts. 39-5002. SAVE $ 3 Traveller® Supreme 6 And 12 Volt Batteries LOW AS 18 95 6-Volt Regular 21.95 When others fail . . . use Supreme Batteries! "Strate-Flo" connectors lessen eledrical resistance, for more power. "Power- Lock" construction assures long life. 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