Northwest Arkansas Times from Fayetteville, Arkansas on April 24, 1974 · Page 21
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 21

Fayetteville, Arkansas
Issue Date:
Wednesday, April 24, 1974
Page 21
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Page 21 article text (OCR)

12 · Northwtit Arkansas TIMES, Wed., Apr ft J4, T»». The Roll Call Report House Rejects Bill To Regulate Commodity Trading WASHINGTON -- Here's liow|argued it would cost too much and ' Members of Congresc were recorded pn major roll call votes on April 11, the last day before Congress' East«r recess. Congress reconvenes April 22. ' HOUSE COMMODITIES REGULATION -- Rejected, 158 for and 179 against, an amendment to hire full-time commissioners to regulate the trading of agricultural commodities. The amendment was offered to H.R 11313. which was later passed and sent to the Senate. The overall bill would regulate trader-manipulation of the commodities market, which last year had a volume of about $50(1 billion, At present., the market is largely self-regulated. In rejecting the amendment, the House voted approval of p a r t - t i m e advisory commissioners, appointed by the President with Senate approval. to work with the Secretary of Agriculture. Supporters argued that the proposed commission needs independence to effectively oversee commodity trading, and that part-time commissioners would "rubber-stamp" policies drafted by the Secretary of Agriculture. Rep. Neal Smith (D-Iowa) said that commodity traders want full-time commissioners who are "just as independent as the Securities Exchange Commission." O p p o n e n t s o f full-time commissioners argued that the proposed board's policy should be wedded to the Agriculture Department's nationwide farm policy. Rep. William Wampler (R-Va) argued against creating another "unn'eeded bureau- oracy." Reps. Bill Alexander (D-l) and Ray Thornton (D-4) voted "yea," · Rep.' .John Hammerschmldt (R-3) voted "nay." ' Tlep- Wilbur Mills (D-2) did not vote. SENATE TAX AUDITS -- Passed. 69 for and 20 against, an amendment to require the General Accounting Office to audit the Income tax returns of any federal officeholder or employe who makes more than $20,000 a year. The amendment was attached to the public campaign Financing bill (S. 3044). If the language becomes law. con gressmen, presidents, federal Judges and high-level government employes will be subjected to yearly tax audits, which will be made public by the GAO. ·Supporters argued that such audits will help.restore public trust in politicians. Sen, John Tower (R-Texasl fsaid the Congress should be (subjected .fp "the same, intensive audit that President Nixon underwent." In opposing the amendment, Sen. James Buckley (C-N.Y.) said. "I see no legitimate purpose in... this gratuitous invasion of privacy." Other senators IRS To Show Nixon, Rebozo Tax Returns NEW YORK (AP) -- The Internal Revenue Service has agreed to let the Senate Watergate committee staff see tax returns and other data from the personal files of F. Donald Nixon and Charles G. Rebozo, the New York Times said today in a story quoting well-placed sources. The file information was sought by the committee in connection with its investigation of a $100,000 campaign contribution given to Rebozo in 1969 and 1970 by Howard Hughes. The Times quoted well placed sources as saying the agreement to provide the committee with the politically sensitive tax returns and other materials was worked out Monday. A source told The Associated Press Tuesday night that the counsel, Samuel Dash, had a meeting Monday with Burke W. Willsey, an IRS official. But committee sources contacted Tuesday night declined to confirm the Times' account. The Times said that under the agreement, the IRS information would not be given to the committee but to o n e Democratic and one Republican ·taff member. Rebozo, President Nixon s close friend, has said the $100,000 Hughes contribution was left untouched in a safe-deposit box until it was returned to the Hughes interests last June 27. Herbert W. Kalmbach, Nixon's former personal attorney, reportedly told the committee last month (that Rebozo told him he (Rebozo) had given the money to the President's two brothers, F. Donald Nixon and Edward C. Nixon, and to Rose Mary Woods, Nixon'» personal secretary. The two Nixon brothers and Miss Woods have denied they received any money from Re- bozo. King Gives Birth LOS ANGELES (AP) -- Sing- ·r-songwriter Carole King has given birth to her fourth child, a son, who Joins sisters aged 2, 10 and 12. The baby, named Levi, was born Tuesday at the Laurel Canyon home of Miss King and her husband, bass p!ayer-ac- tomplanlst Charles Larkey. to audit so many federal olfi- cials. Sen. John McClcllan (D) voted "yen," Set). J. W. Fillbright (D) did not vote. CAMPAIGN HELPERS -Rejected. 40 for uul 'IB against, an a m e n d m e n t to limit free help from labor unions unit corporations to candidates for public office. The amendment was attached !o the public campaign financing bill. The overall bill calls for a $(i,000 limit on any ' organization's contribution to an individual's campaign. The rejected amendment woultt have set a "fair market value" for services rendered by employes of a corporation or members of a union. The value of such services would have been considered as pnrt of the Jli.OOO limit. Supporters urgued for closing a loophole thai permits labor unions, in particular, to provide limitless "volunteer" services lo favorer! candidates. Sen. John Tower (R-Texas) said (tint without, the amendment "this so-called campaign reform bill will be nothing mure than a sham." Opponents argued that it would bt u impossible to determine when such aid is voluntary and when it is subsidized by u corporation or union. Sen. Joseph Bidon (D-Dcl) asked, "How could anyone legitimately enforce" the amendment's pro- visions? McClcllan voted "yea" and Fulbrlght did not vote. PUBLIC FINANCING -Fussed, 53 for and :J2 against, a bill calling for public financing of campaigns for federal office. It now goes to the House. Among its major provisions are: T-Kcdoral subsidies to serious candidates for federal office. Tho subsidies will come from luxes collected under the "dollar clieck-off" provisions' on income tux forms. -- C a m p a i g n contribution limits nf $3,000 from individuals and $6,000 from organizations to all campaigning (primary and general election) of a candidate. --Uniform, nationwide poll closing times lo prevent media projections of presidential elections before western alula voters have cast t h e i r ballots. --Public lax audits of federal officials (above) and income source disclosure for candidates for federal office. McClcllan voted "nay" and l-'iilbright did not vote. OPEN DAILY 9-10; SUNDAY CLOSED WED., THURS., FRI., SAT. SPHI6 EiSEIONS BLAZER SALE Our Reg. 10.96-14.47 8 ,, 72 88 The dassic blazer in lightweight cotton or polyester. Turns slack and skirt separates into finished outfits! See our misses' collection today. White WOMEN'S LEATHER EXERCISE SANDALS Keg. 4.97 3 71 4 Days Exercise feet and legs by walking in these specially designed sandals. Supple lecrther on contoured wooden bottoms provide stylish "barefoot" comfort. Women's sizes. Charge ft. PEASANT TOP It's carefree, it's cool, it's a casual favorite. Give a color-lift to your slacks, jeans, skirts with our comfortable cotton knit peasant blouse. NYLON TOPS Jumbo collection of socko colors and styles In nylon tops. Stock up for summer fun days at this fantastically low price. In misses' sizes. Sovel KNIT SLACKS Easy-care woven polyester fashion slacks that take you shopping all day or into evening. Corn- tort plus! See our big collection. Misses' sizes. WESTERN 4 Days Only Reg. 8.96-10.96 Wide assortment of Westarn style pants and [earis in prints, plaids, and solids... .cotton and cotton blends. Misses sizes. JACKETS FOR BOYS 100% Nylon Toffera utility Jacket. Water repellent. Solid colon. DRESS SHIRTS FOR MEN Keg- 5.22 Your Choice I Men's Easy-Care SPORT SHIRTS Our Reg. 4.44 3 17 4 Days Short-sleeved shirts tailored in easy- care polyester or polyester/cotton. Knits with placket or zip collars or exciting long-point collar styles. Men's si/es. f I No-iron polyes- / ter/cofton, short / s l e e v e s , long--- polnf or bujlon- down collar. Men's sizes. MEN'S IECKWEU Rcddi-Ticd or 4-ln- Jiaml style. 1.90 ea. Styled For Men and Boys FLARED JEANS Jr. Boys', Beg. 3.68 Cotton denim western- style (eons. Sizes 4-7. Boys', fog. 4.97 Cotton denim, cuffed westerners .Boys' · Me'n's Rag, 7.97 Polyester collon (eons. Men's tizei. Cuffed - For 338 5 97 : , , MISSES' ROBES Xeg. 54 4 Days $ 3 Cheery wake-up colors to moke breakfast or lunch a happy occasion. Lightweight fabrics k»» for spring and a host of s(yl«s to tutt your fancy. At great savings! HIGHWAY 71 B. NORTH AND ROLLING HILLS DR. - FAYETTEVILLE

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