Northwest Arkansas Times from Fayetteville, Arkansas on June 26, 1974 · Page 9
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 9

Fayetteville, Arkansas
Issue Date:
Wednesday, June 26, 1974
Page 9
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Page 9 article text (OCR)

· Norrhw«t Arkarwn TIMCS, Wad., Juntf 14, If74 The Roll Call Report House Restores Appropriations Cut From Anti-Trust Budget WASHINGTON -- Here's how Arkansas members of Congress were recorded on major roll call votes June 13 through June 19. HOUSE ANTI - TRUST--Passed, 216 for and 185 against, an amendment to increase by $1.85 million Ihe fiscal 1975 appropriation for llw Justice Department's Anti-Trust Divison. The amendment was attached to a bill appropriating f u n d s for the departments of Justice and Commerce (H.R. 154W). The bill was later passed and sent to the Senate. The added money restored funds thai the Appropriations Committee had cut from the Administration's budget Request, The money will finance the hiring of 83 persons, and the key issue was whether the flnti-Trust Division should be .beefed up. i; Supporters argued that enforcing anti-trust laws combats inflation because increased c o m p e t i t i o n means lower prices. Rep. John Heinz (R-Pa) £airi "Without vigorous'compe- tition we cannot expect prices to come down." Opponents argued that the Anti-Trust Division cannot fill existing a n d , thus, should be denied funds for staff expansion. Some members argued that the way to halt inflation is to stop hiring f e d o r a ] bureaucrats. R e p Robert Sikcs (D-Fla) said Congress must "keep down the escalation of the costs of government." Reps. John Hannncrschmidt (R-3) and Ray Thornton (D-4) votes "yea." Reps. Bill Alexander (D-l) and Wilbur Mills (D-2) voted "nay." POSTAL SUBSIDIES -- Passed, 277 for and 129 against, « bill fS. 411) to delay the effective date of higher postal rates for newspapers, magazines, books and mail from nonprofit organizations. At present, a government subsidy keeps those rates below actual cost. The subsidies were scheduled to expire in 1977 for newspapers and magazines and in 1982 for non-profit mail. The amendment set back those dates to 1980 and 1988, respectively. Extending the subsidies is expected to cost $753 million. The bill now 40*8 to conference. Supporters argued that many marginal publications would |o out of business without the subsidies. Rep. James Quillen (R- Tenn) said we should "cncour age the free flow of ideas." Opponents argued that the bill was special-Interest leflilation to benefit large publishers, with 25 per cent of the subsidies going to the Wall Street Journal. Reader's Digest and Time magazine. Rep. Howard Robison (R-N.C.) uud the bill "attempts to solve all problems at once, and hangs th* taxpayer in the process." Alexander, Hammerschmldt, Thornton and Mills voted yea." AIRPORT SAFETY -Passed, 281 for and 120 against, an amendment to continue the existing ban against the Federal Aviation Administration automating its manned flight service stations. The amendment was attached to a Department of Transport* tion appropriation bill (H.R. 15405). The bill was later passed and sent to the Senate There are more than 300 flight service stations across the country. Staffed by FAA personnel, they provide pilots with weather and flight pattern information. The FAA wants to save money by installing machines to handle that function at more than 100 of the smallest, low-traffic airports. The amendments prevents such automation until the FAA can prove that airport safety will not be jeopardized. Supporters argued that public safety requires the FAA to move cautiously. Rep. D i c k Shoup (R-Mont) said, "Several near accidents have occurred" at airports that have been automated. In opposing the amendment, Rep. John McFall (D-Calif) said. "The FAA would not pul in an unsafe system." He said final automation plans will save JIM million in yearly operating costs. Alexander, Hammenchmidl and Thornton voted "yea." Mills voted "ivay." A M - F M RADIOS Passed, 44 for and 42 against, a bill to require that all radios selling for more than $15 be equipped to receive both AM and FM signals. Upbeat Forecast Of Things To Come Presented By GM By JOHN CUNNIFF Business Anlyst NEW YORK (AP) -- General Motors executives · invited 15D stock market analysts to their marble-walled company cafe teria on Fifth Avenue this week and presented an unusually upbeat forecast of things to come. The company's various problems are now solved or close to being solved, Oscar Lundin, the executive vice president of finance, assured the analysts. Fuel economy, emission problems, safety, deal profits, car size. This isn't the same type of report a company gives to the government or to buyers when it announces a price increase, as GM has several times in the past few months. Bui it's what GM likes the analysts to hear. It's understandable. With charts and graphs and meticulously practiced answers to questions, the executives sought to assure these people, whose opinions influence many investment decisions, that GM was seizing one. opportunity afler another. GM's share of the market was rising, to 43.6 per cent of al! car sales, said Richard Terrell, also an executive vice president. The gasoline shortage is less critical, and besides, he said, GM was aware of the impending shortfall. PREPARED It had, moreover, been prepared for the small-car demand, Terrell said. White letters flashed on a red background: "GM aware of energy situation and trend toward smaller cars several years ago." Some analysis were" surprised to hear and read this, remembering those big inventories of larger vehicles. Buyers will obtain 12 to 13 per cent morf mileage per gallon on 1975 models, said Elliott Estes, another executive rice president. Customers will save at least $100 a year on fuel and lower maintenance, he orom- isd. Fuel economy on rotary engines has been m a d e comparable with piston engine performance, said Estes, even though there is work still to be done on reducing emissions. He promised a sporty subcompact rotary sometime in 1975. New techniques for reducing weight are being discovered, he said, now that engineers can look at their models in their entirety rather than responding in short lead time to regulatory demands. You would never guess the new cars weigh more. Thomas Murphy, the vice chairman, spoke about higher ·ales and lower costs. There are. he said, 10,000 fewer salaried workers at GM now than il the beginning of the year, when there were about 140,000 such employes. Murphy conceded that the big concern now was with rising material costs, which already have contributed to a $332 increase in GM car prices over a »*ar ago. But there was little om« for that; the world was still before GM, the world's l a r g e s t manufacturing enterprise. MISNOMER The term "small car" may became a misnomer, Terrell said in response to questions, as he and the other executives, their individual presentations completed, sat smiling at i table before a bare white back drop. He suggested the term "more efficient cars." Estes agreed. "These are not stripped down, but f u l l y equipped smaller cars," he said, adding that people are asking for power winows on their Vegas, GM's smallest car But the fact is. the GM men pointed out, there is a tremendous profit opportunity today in fattening up those little cars with old-time luxuries, such as air-conditioning, stereo, electric defrosters, vinyl roofs. After drinks, hors d' oeuvres and filet mignon. the analysts clearly left impressed. They m i g h t not have learned anything really new but they got a taste of the GM style, thoroughness and preparedness. At the very least they were reimpressed with the conviction that GM didn't get where ft is by accident. The Dill (S. 585). giving the ederal Communications Com- ssion the authority to enforce requirement, now goes to tie House, Supporters argued that over- rowding of the AM band requires promoting FM. They aid the added cost to consumers would be negligible. Sen. rank Moss (D-Utah) said the public will benefit "from a ourishtng FM service." Opponents argued that the bill 'as an encroachment on the consumer's freedom-of-choice. Sen. James McClure (R-Idaho) ailed it "one of those irritating usybody effort to ive FM a market it could not am through free competition." Sen. John McClellan (0) rated "nay." Sen. J. W. Ful- right (D) did not vote. V E T ' S BENEFITS -Rejected. 35 for and 54 against, n amendment to tie veteran's ubslstence and educational benefits to cost-of-living rises. The amendment was offered a new GI Bill (S. 2784), laler ·ssed and sent to conference. GI benefits now must be voted by Congresss. In rejecting he amendment, the Senate oted to continue the present ystem of requiring Congress to iss on increases. The Veterans of Foreign Wars avors the present system. Supporters argued that in- lation quickly outstrips benefits pproved by Congress and that eterans deserve automatic ncreases. Opponents argued that educa- ional costs increase faster than M cost-oHiving and, therefore, retaining direct congressional ontrol forces Congress to jeriodically review the benefits. They said Congress has, in the last few years, responded by ncreasing GI benefits by 150 jer cent while the cost-of-living las risen 48 per cent. McClellan voted "nay" and 'ulbright did not vote. TAX CUTS AND HIKES -- lejected. 45 for and 48 against, motion to close debate and orce a vote on the debt ceiling till, which some senators want o use as a vehicle for tax- eform proposals. If the motion had passed, the ix proposals would have been locked because Senate rules do wt permit amendments lo bills n w h i c h debate has been mited. A motion to close debate requires a two-thirds majority. The tax amendments call for utting taxes on low and moderate incomes and elimi- ating the oil depletion allow- nee, which would h a v e Uie [feet of raising oil company taxes. Generally, senators voting to Jose debate wanted to block nose amendments and senators oting against wanted to offer hose amendments. Sponsors of the tax proposals lave argued that personal tax cuts will stimulate the economy and oil company tax hikes are ustified due to recent oil ompany profits. Opponents have argued that lersonal tax cuts will feed in- lation and that oil companies must be encouraged to search or more oil. The debt ceiling bill (H.R. 4832) was chosen as the veht le because it must be signed nto law by June 30 to permit he federal government to pay ts debta and employes. A "yea" vote was a vote to lock the tax proposals. M c C l e l l a n and Fulbright oted "nay." Election Violations HOT SPRINGS. Ark. (AP) Bill Mears. chairman of the Garland County Democratic Committee, told a news confer ence Tuesday that there were at least three election law violations in the May 28 Democratic primary here. Mears charged that an un identified city alderman was permitted to work as a Democratic election official. The same alderman was a campaign chairman for a Republi can gubernatorial candidate, he charged. Mears also alleged that some persons were taken to the county clerk's office the day before the election, registered as voters and then hired as election officials. He also charged that Joe Poe served as an election commis sioner illegally. The slate Constitution prohibits members of municipal commissions f r o m serving as election commissioners. Poe is a member of the Hot Springs Civil Sen-ice Commission. Mears said. One candidate for justice of the peace may not hive paid his $30 filing fee, Mears also said. Bumpers On Loyalty LITTLE ROCK (AP) -- Gov. Dale Bumpers said Tuesday that he thought it was u n f a i r to question the loyalty of a select ?roup of people because they happen to work for the state. He was referring to a proposed loyalty oaOi, authored by state Rep. Bobby Glover of Carlisle. Glover is one of the eaders in a move to oust avowed communist Dr. Grant hooper, an assistant history professor at the University of Arkansas--mtk Rock. ; !^^M^M4i^Mi^^i,;^'- : . ' · " · »Iw- But then some partners get too , involved in what they're doing or they get bored and pull out or maybe they just get tired and retire. Not Fayetteville Savings and loan. We're always around , - when you need us. If s hard to imagine ail the things .we can help you with--a new car, a vacation, a faceiift for your home, education for your retirement--to name *tew. Gel a good partner this time--come to Fayetteville i^V/r *s ,, ' · " Savings and loan, ' f · ",i ' · % · ' , . ;, , , " , ' , . '· : A Partner In life FAYETTEVILLE SAVINGS AND LOAN ASSOCIATION act NORTH EAST AVENUE, FAY6TTEVJLLE · NORTHWEST PLAZA "Signals"... Jeweled Sandals by Beacon Jeweled and glittering . . . cool and pretty sandals to wear everywhere . . . with everything. Have them in white or gold each with sparkling multi-color jewels. Narrow 6 to 10, Medium 5 to 10. Women's Shoes-DILLARD'S--First Floor Open Monday Through Saturday Nights Until 9

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