Northwest Arkansas Times from Fayetteville, Arkansas on June 26, 1974 · Page 6
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June 26, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 6

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Fayetteville, Arkansas
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Wednesday, June 26, 1974
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Page 6
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Duchess, a 200-pound St. Bernard owned by Qit\e Dyck of Adoption Davenport, Iowa has adopted this one-week-old robin (hat somehow became separated from its nest. (AP WirephoCn) Britain Said Getting Arab Investment LONDON (AP) -- Britain has , been getting "more than its fair share" of the Arabs' new oil money, a high-ranking gov- ' ernment source reported today. ; One authoritative estimate put : the amount at $3 billion since . the first of the year. Treasury and Bank of Eng. land . sources confirmed that key ·' Arab oil. states-rSaudi Arabia, Kuwail and Bahrain are among those mentioned-are pouring money into the country. Several countries appear to .' be funneling money in through , intermediaries, including com. mcrcial banks. Others are reported investing in the depressed property market. There · has been talk that some Arab governments are quietly buying ; up stocks in British companies, . prices of which are now at a 15- year Imw. Because of the quadrupling of oil prices over ihe last T8 months, [he Arabs are expected In e.irn more than $72 billion in oil revenue this year. There are persislenl reports that the government is secretly negotiating for Arab loans to help Britain over its balance of payments deficit. "If there are any secret negotiations, they are going to stay secret," said a senior government official. English Village Sold SALISBURY, England (AP) -- A mystery man bought the sleepy Hth century village of Compton Chamb'erLayne, in southwest England, and more than 1,400 acres around it for $2.05 million at an auction Tuesday. the buyer's name was kept secret. The village was sold as psrl of a l,434-,acre estate in the The government has stationed special envoys at key Arab capitals to offer investment terms and give guarantees against devaluation of the pound. The governor of Ihe Bank of England, Gordon Richardson, has visited Saudi Arabia, and Prime Minisler Harold Wilson has entertained Arab sheiks passing through London. Nadder Valley eight miles from Salisbury. The buyer got fishing rights in the Nadder River, shooting rights for pheasant, partridge and other wild fowl and a parish church built in 1305. The Penrudocke family settled on the estate in Ihe 13th century and sold il in 1930 to George Cross, who made a fortune in London holels during Ihe Edwardian era. Supreme Court Devises New Rule Governing Libel Suits WASHINGTON (AP) -- Ore the protests of dissenters wtv differed among themselves, a narrow majority of the Su preme Court has devised a new rule governing libel suits b; private individuals. .In a 5-4 decision Tuesday, the court said states are free to se their own standards for allow ing private citizens to sue to damages for injuries suffered through libel. The decision ha the effect of making it easie for private" citizens to sue fo libel, although the court strict guidelines concerning awards for punitive damages. To obtain punitive damage or to collect damages withou proving they have bee harmed, they must show tha the statement of which the complain was made "in th knowledge that it was false o with reckless disregard of th truth." Punitive damages are de signed to punish the per petrator of the libel. Anotlie form of libel award is the pre sumed damage, ordered be cause of the fact of publication without proof it did harm. ENDS '71 RULING The court's decision wipei out a 1971 ruling in which i Tax Reformers Plan For One Final Effort WASHINGTON (AP) _ Sen ate advocates of lax reform plan to make whal is likely t be a last gasp effort on th debt limit bill today to shut o a filibuster blocking their pro posals. They arranged for a clotar vote to try to end debate an bring a quick test on one form proposal, repeal of the per cent oil depletion allow ance. Sen. Hubert H. Humphrey, D Minn., sponsor of their propos al, said this allowance was th "most outrageous loophole all." Oil state senators said the were sure they had the votes t prevent the two-thirds margir needed for cloturc. The Nixo administration apposes th Humphrey proposal. Meanwhile, Sen. Robert P Griffin, R-Mlch., the Republ can whip, filed a cloture pet lion to close debate on the en tire bill, foreclosing any furthe lax reform or tax cut amend ments. ft would be voted o Thursday. Going on a vacation? DON'T STOP YOUR PAPER Use The TIMES' Convenient "LAYAWAY" or "MAiLAWAY" Plan "LAYAWAY" We'll save all copies of the TIMES in o hondy VACATION-PAK bag for you while you're away from home. When you return the Vocation-Pak will be delivered to you at no extra charge . . . and you can catch up on all the news at your convenience. Keeps newspapers from piling up on your porch, too! Just coll 442-6242 and tell us the date you're leaving and the date you will return. It's that simple. "MAILAWAY" If your vocation plans call for you fo be at one mailing address for a week or more, we'll be glad to mail you each day's issue at no additional charge, rather than deliver it to your home. Just call 442-6242 and give us your vacation address, the dates you want mail delivery started and stopped, and the date you want home delivery resumed. We'll take care of the rest. HAVE FUN. . . .DRIVE SAFELY! Jlartfjtoest PHONE 442-6142 aid private persons suing for ibel damages of any kind eeded lo satisfy the reckless lisregard test if the allegedly ibelous statement concerned a malter of public interest. It came in a case involving Chicago lawyer Elmer Gertz, who was called a "Communist by the John Birch American Opinion ronter" Society's lagazine after he represented he family of a youth shot by a hicago policeman. Gertz won a $50,000 libel udgment from a jury, a judg- ent overturned by the U.S. Circuit Court in Chicago. The upreme Court sent the case jack to the lower court for a iew trial. Justices William O. Douglas nd William J. Brennan' dis- ented on grounds that it in- ringes on freedom of the press. Chief Justice Warren E. Bur- :er and Justice Byron White at- acked the majority from the opposite direction. White said the decision "goes ar towards eviscerating the ef- ectiveness of the ordinary libel .ction" and would "leave the jeoplc at the complete mercy if the press." Burger, noting hat the case decided involved a lawyer who was criticized be- ause of his involvement in a ontroversial legal proceeding, aid: The right to counsel would gravely jeopardized if every avvyer who lakes an unpopular ase, civil or criminal, would lutomalically become fair game for irresponsible report- TS and editors who might, for sample, describe the lawyer is a 'mob mouthpiece' for representing a client with a erious prior criminal record." The case was the latest in a eries of major libel decisions n which the court established he reckless disregard test but imited it to public officials. Be- ore, people bringing libel suits d only to prove that the mblisher or broadcaster had not taken reasonable care to ee that the malerial was accu- rale. . In 1967, the court said public igures also must prove reek- ess disregard to collect for li- Kl. Then, in 1971, the court declared that the same rule applied to statements about pri- ate individuals so long as they dealt with public issues. CaMwell To Participate In Soviet Tour Stale Sen. Jim CaldweU of Rogers will leave Thursday on a 23-day trip to the Soviet Union as part of a delegation of 20 young men sponsored by the American Council of Young Political Leaders. CaldweU will meet other delegates in Washington for a State Department briefing on U.S.- S o v i e t trade policy, the European Security Conference, the government of the USSR and the organization of the Communist Party and its u E f i - cial youth organization, Komso- mol. There will also be a full day of briefings at NATO headquarters in Brussels Belgium 1 on European security and East-West Irade and economic relations. The delegation will visit tile capitols of several Soviet stales, discuss Russian issues political with their counterparts and visit a number of new manufacturing plants. They will also see agricultural production in Moldavia, the leading Soviet agricultural state. The last four days of the tour Morifiw*** Arfconw. TIMES, W«d., JuM 26. 1974 PAVBTTIVILU, Shooting Investigated JASPER, Mo. (AP) -- Police from three states were investigating the shooting death of an Arkansas truck driver, whose body was found slumped in the cab of his truck Tuesday night. The Barton Counly sheriff's office said the death of Bob Rainwater, about 30, of Lavaca, Ark., was an apparent homicide. A watch and $200 in cash he was believed lo be carrying were missing when the body was found. will be a conference including 20 young leaders of the Communist Party discussing U.S.- Soviet relations with special emphasis on cooperation an d peace negotiations in the Middle East and trade cooperation between the United States and Russia. The delegation will return to Washington July 19. CaldweU will miss part of the special session of (he Arkansas legislature but said he felt the "significance of the trip merited his accepting the invitation. Simon Cites Need For Spending Cut WASHINGTON AP) Treasury Secretary William E. Simon said today there should be both i slowdown in growth of consumer and government spending in years ahead to help provide private industry with the money it needs for expansion. Simon also said Industry needs greater profits to meet its investment needs. Profits have not been growing fast enough in recent years, Simon told the subcommittee on economic growth of the Joint Economic Committee of Congress. He said he was worried over "negative allitudes" of Americans toward profits that could result in actions by Congress to restrict profits. "We must avoid legislation and regulation lhat is punitive of profits honestly earned," Simon said. "The result can only be that capital formation would be inhibited and the real purchasing power of wage earners would rise more slowly," he said. Recovery Room's Special of Specials! Standard Sofa-Re upholstered $139.00 Complete. or Hide-A-Bed . . . Includes . . . THE FABRIC Any fabric up to 10.00 per yard from any of four full line of books, including Kirsch, Craven, O.V.S., Dogwood, Midwest, Rnshin . . . HercnJons, iw per cent nylons nangahydes, velvets, etc Any fabric NOT Scotchgarded we wfll Scotchgard FREE! THE LABOR Removal of ALL Fabric, Tying of Springs, rewebbing, gluing of Frame, repadding, wood touch up, any other necessary repairs . . . ALL WORK GUARANTEED to TOUR Satisfaction! FREE Pick Up and Delivery Within a 25 Mile Radius Call 521-8815 3E. Mountain, Fayetleville DILLARD'S Proportioned parity nose and Sandai- fool knee-hi hose that fit to perfection. Available in fashion colors. Pantyhose sizes are in petite, average and loll. 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