Arizona Republic from Phoenix, Arizona on June 17, 1970 · Page 44
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June 17, 1970

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Arizona Republic from Phoenix, Arizona · Page 44

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Phoenix, Arizona
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Wednesday, June 17, 1970
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Page 44
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BULLDOQ 22 The Arizona Republic Phoenix, Wed., June 17,1970 Official silence on economy annoys mayors Associated Press DENVER—A number of big-and small-city mayors were annoyed yesterday at Treasury Secretary David Kennedy's failure to discuss economic problems at the U.S. Conference of Mayors annual meeting. "I have not come to talk to you about the nation's economic difficulties, particularly since President Nixon is addressing the nation on that tomorrow," Kennedy said after a bfief initial reference to high borrowing costs and a need to persevere through a "vital" transition period in the economy. Kennedy then told some 500 mayors attending the meeting about the efforts o the Bureau of Customs to control narcotics smuggling. Mayor Wesley C. Uhlman, a Democrat, of Seattle said: "I was extremely disappointed with the speech-not one word about jobs or inflation while unemployment is predicted by the President's own people to go to five million by the end of this year." Sec. David Kennedy War against smuggling of dope revived DENVER — The Nixon administration will renew its war against narcotics smugglers in spite of possible irritation to legitimate travelers, Treasury Secretary David M. Kennedy told the nation's mayors yesterday. Addressing about 600 mayors from across the United States, Kennedy said the "drug problem" has become the "drug criss." Kennedy, leaving the discussion of tight money and housing finance to Delaware developer Leon N. Weiner, said that in New York City alone more persons between the ages of 18 and 35 died from overdoses of heroin than from automobile accidents last year. He said the Treasury Department's narcotics bureau has intensified its efforts to prevent travelers from doubling as narcotics runners. "I would like to point out that, overall, this new program may cause some unpopular delays for passengers coming into the United States, but we must remember that the slight inconvenience may ultimately result in the saving of a child's life, and a few extra minutes in line seems but a small price to pay," Kennedy said. Kennedy said seizures of refined marijuana — hashish — jumped from 623 pounds in 1969 to 1,334 pounds in just the first quarter of this year. Weiner, past president of the National Association , of Home Builders, blamed the current housing problem on "this nation's deep involvement in its doomed - from the - start attempt to provide both guns and butter." He said the housing industry is constantly seeking new methods by which to increase construction output but warned the mayors "mechanistic and archaic" zoning practices will have to be eliminated in favor of munic- pal planning if the problems are to be solved. "Zoning mythology, now developed into a large-scale, nationwide preoccupation by amateurs, is no longer an effective tool in planning," Weiner said. "It has become, in fact, the means by which political pressures can be best exerted by local groups either presently in existence or hastily organized to oppose change," he said. 1070 COURTESY CADILLAC REDUCED We can now offer a low- mileage 1970 Cadillac Sedan de Ville that served as a GM executives' courtesy car. Finished in Adriatic Turquoise with white vinyl top and matching interior, this beautiful Cadillac is completely equipped. The price reduction is more than substantial, so. inspect this like-new 1970 Cadillac without delay. 320 N. Central Avenue 258-4851 )9 VI-D/-.S in J'iiu-/ux Nor did Uhlman accept Kennedy's excuse. "Isn't it logical for the secretary to augment the President's remarks?" he asked. Mayors Gordon Johnson of Tacoma, Wash., and Robert Anderson of Everett, Wash., agreed with Uhlman. New York's Mayor John V. Lindsay, a Republican, noted that, thus far, this is the only one of five such conferences which has not received a message from the President. Ilus Davis, mayor of Kansas City, was particularly disappointed in Kennedy's speech. "Having sold some new municipal bonds for Kansas City this morning at a record high rate of 6.43 per cent, I was deeply disappointed that the secretary did not have anything to say about the economy's effort upon the problems of the cities," he stid. "A lot of people wanted to hear the secretary talk about these things," said St. Louis Mayor A. J. Cervantes. anger For information without cost •—•*—•••—.—•««»««—..^.^^..^ — , or obligation send coupon or phone. ?!J?t!BAl{feJnSuranc«Ca, DepL P-4J I I «••••••••»« I PHOENIX First Street at Willetta 258-4885 MESA 500 West Tenth Place 964-5668 *" v • •»•» MHIW iiiwMiutraw wvtf WvWM P.O. Box 1272, Phoedix, AZ 85001 Addrns*.*. 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After the initial 90 days, with- 'drawals may be made in the first 10 days of each calendar quarter without prior notice. Funds left on deposit for 12 months yield 5.13%, including the compounded interest. In addition to interest compounded daily for higher earnings, all the plans in this new program offer three choices of earnings payment: credit earnings to the account to continue compounding, deposit them in a checking account, or receive a quarterly interest payment check in the mail. ALL DEPOSITS ARE INSURED FOR UP TO $20,000 BY THE FEDERAL DEPOSIT INSURANCE CORPORATION. The Arizona Bank offers a full range of savings plans. Including regular passbook at 4 J / 2 % and time certificates paying up to 7%%. One or more is correct for your needs. For a full explanation of the current savings programs available, contact your nearest Arizona Banker. Fortynjtae Statewide Offices hi dale, Goodyur, Mesa, Peoria, Scottedalc, Sun Chandler, Douglas, Flagstaff, ©ten- Yuma*

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