Northwest Arkansas Times from Fayetteville, Arkansas on July 16, 1974 · Page 4
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July 16, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 4

Fayetteville, Arkansas
Issue Date:
Tuesday, July 16, 1974
Page 4
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Editorial-Opinion Page Tfi« Public Interest I* The First Concern 0f IWs Newspaper 4 · TUESDAY, JUIY 14, 1974 ' Secret Tape Te//s Story On Co/sort the Washington Merry-Go-Rpund Usury Dr. Charles Venus, noted state econom- ' ic analyst and presently director of the Goals for Central Arkansas Program (a long-range community development effort), is the latest " authority to speak up for a proposed amend- ."ment. of the state's constitutional provision : ,on usury. . .' -" Dr. Venus says there is a drastic need to change the Arkansas usury limitation if , the state wants to remain competitive in the national money market. He believes, too, that the state will suffer rather severely in a "credit crunch" as the nation's economic' situation worsens, unless there is relief by way of higher interest rates. . . A proposed constitutional amendment on usury by initiative petition just last week § ot the' official blessings of Secretary of tate Kelly Bryant after a check of- its 20?,- OOO'signatures; It will appear on the general ' election ballot in November. From the number of signees on usury amendment petitions, a state record .for initiated propositions, one might gather that higher interest rates represent a popular idea in the state. We imagine it would be closer to the truth to say that the great sufficiency of signatures is more the result of a well financed drive, than infatuation with the idea. State banking interests, and firms involved in significant consumer credit operations, pushed the petition drive, and these same sources can be expected to mount t - wh irlwind sel ling j ob on it this fall.. Mors · "experts".'than Dr Venus will be called on to extol the virtues of high interest' R is worth nbting, incidentally, in this con nee- tion.that Dr. Venus also works as an economic adyiser to-Worthen Bank and Trust Company. ' -V ; ':."·. \.'. ' ' '' . A ease cari'b«.'ina"de, of course, for flexibility in interest'rates. The case would be:a ; lot stronger,, though, if the framers of the proposed amendment had included a formula for restrictions:in their proposal. As the amendment T now. reads, the state Legislature will be free td'rheddle-with the upper limits 'of lending rates,whenever pressure , from lobbyists (the same guys who just rounded- up 208,000 signatures, for a state record) is strong enough. . ' · ; : · · That, in itself,* isl enough to scare many voters'away, we imagine. We.haven't quite made up our own .mind on -the matter, and await ^arguments 'pro. and con which can be expected-to develop'between'now and election time. It'll take; some'powerful persuasion, though, to allay our fear: of ·. giving the General Assembly the power t.o do what they will with interest, rate hikes. Sortie states,' with the same system, are saddled with rates of more than : 200 per cent ba small: personal loans.'That's not what Arkansas heeds, we-have^ a suspicion. ' : "° · ' · - . ' W/iat Others Say PROTECTING THE WATER Arkansas has done a relatively good job over the last 15 years or so in controlling and in some cases even reducing water pollution. Gains were made at the" state' level even before the big federal antipollution push and persistence is paying off in environmental dividends. The "clean up" as it...were .. has been' one of those slow, methodical advances that on the whole are hard to measure because of new pollution chal-,' 1 ' lenges that crop up along the way. In the earlier year* of the anti -' water pollution effort, d r a m a t i c advances were made, f o r , example, in controlling the a m q-u n t of salt draining from the oil fields of South Arkansas'" into nearby waterways. .In · m o r e recent years, perhaps the'larg- est and best example · is af- .forded by.the heralded advan: ces on the Arkansas River. Over the last decade or 'so. anti-pollution efforts have,-/bad- much more federal participation, especially in .terms of money for such facilities' as From Our Files; How Time Fliesl 10 YEARS AGO The Fayetteville City Park swimming pool will close early Saturday to make \vay f o r a swimming match between the '·Boys' Clubs of Fayelteville'and .Fort Smith. '-Mayor Guy Brown today announced two drastic changes in sanitation pickup -- em- ployes will no longer go into ,50 YEARS AGO '· With thousands of .gallons of water more being consumed daily than has ever before been used in Fayetteville, and with the large demand for water on Mount Sequoyah being supplied ·easily, the White River water 'supply of Fayetteville is adequate for even a drouth according to authoritative" information.' Between 12 and 14 houses 100 YEARS AGO The Washington-County Medical Association held its second annual meeting in Boonsboro, on Tuesday, J u l y 7th. Drs. Welch, Whaley. Waters, Wood, Brodle and Gray were present, garages or climb -over, fences to make trash pick-ups. · 1 - . A film- depicting some; of: the health problems in migrant farm labor camps..was .shown at the Kiwanis Club- meeting at .the Mountain Inn yesterday: Dr. Richard Brightwell, county health director, said 500 to 600 persons occupy the 161 cabins at the Springdale camp. " ' ranging in value, from $3,000 to $5,000 are in process of completion in the Gunter Addition. In future all business houses t h a t , are built or. constructed within 300 feel of any church; house, public school or hospital within the city of Fayetteville must be built of fireproof material, and shall be subject to the terms and provisions establishing the fire zones. Dr. T. J. Pollard was elected president 'and Dr. Welch was elected delegate to the States Medical Association, 'which holds its meeting in Little'Rock-. commencing the 8th of October. They'll Do It Every Time CHECK BACK IN ANWXJROR 60 .treatment plants .and collection · facilities,, as we see by' : the'ex- Hot-Springs. . .Pollution cpntroj,. however, remains a joint responsibility of federal and-state'governments, and In many . cases of .local governments and private.- enterprise as well. A major prografn announced last week . at the state ' Capitol falls within the spirit'.of~.fede'ral : stkte co-operation, and it can'lead over the next few. years to greater gains against pollution. : · · . The Arkansas National Guard has joined r with the state Department of Pollution Control and Ecology and .the federal Environmental P r o t e c t i o n Agency; .in a project to identify and analyze potential water pollution threats. .Over the'next '~. '-year, ·: members of the Nation a 1 · ; · Guard- will"'collect monthly water samples from 15 lakes and reservoirs.:and their tributaries at 131.test sites. Similar projects will be. conducted in other states and the . results from each will be analyzed by the EPA. Arkansas's .project one: of the largest ones because it has so many lakes of significant size. .. The purpose o f ' Arkansas's project is to determine whether the lakes and reservoirs (most of .them built by the federal government or with federal assistance) are endangered by eiitrnphication, "A . process in which excess chemical nutrients over-stimulate, aquatic plant growth^ · Eulhophicalion can have natural causes, but ordinarily, these days - it comes ,. from- man-made pollution. The artificial sources -are- effluents discharged by municipal sewage treatment plants (partly, the problem at Hot Springs) and industries, and fertilized f a r m l a n d . T h e chemical nutrients .flowing into lakes from these sources at the least : can lower the quality, of water in the lakes, and over an exten- ded'period can even cause a : lake;to. fill to the ; point where it would ' disappear. The nutrients make excessive plant growth, which decays and falls to the bottom. ·Lakes and reservoirs a r « ' among Arkansas's great resources, not the least of which are wide-ranging '.opportunities for outdoor recreation. In many cases, they add a dimension to life in Arkansas that is missing . in some of the more developed state's.- They are precious assets .that must' not be allowed to fall -prey to .careless, intentional or unthinking practices. -If -they can be detected before irreversible darnage is done their .quality can be preserved for centuries to come. ---Arkansas Gazette ^ Bible Verse "Praise yi the Lord. Praise God in his sanctuary; praist him in the firmament of his power. Praise him for his mighty acts: praise him according to his excellent greatness. Praise him with the sound of the .trumpet; praise him with the. psaltery and harp." Psalms 150; 1, 2, 3 Have you ever herrd of just · praise service to God? Doubtless He would like to hear one. A lot of the answers to cur- prayers are probably -held up it this 'point/ " · · ' : · By JAVK AND WASHINGTON - In an ironic twist, the White House's high priest of snoopery, Charles Colson, was himself, recently bugged as he uttered some of the Watergate scandal's most ' indiscreet confessions. 'Colson, when he was the top White House hatchet man, was find of flipping a switch and tApe recording friends and ene- rnies alike. A few days before he went to prison for obstruct-. ing justice, however, he was 'secretly recorded as he bared .'his soul to Washington businessman and sometime private eye Richard Bast. Colson had Bast:to interest him in investigating the Central Intelligence Agency which Colson felt had set him up . for all his troubles with federal prosecutors. We have now heard the taped.conversa- tions. . The White House tapes Were marred by the clatter of ,cups, the ,-shufflirfg of paper and the President ; : whistling jocular tunes. Bast's hidden, micro- 'phones picked up the buzzing of bees, barking dogs and the clink of 'glasses filled with Johnnie Walker Black Label. Unaware of the turning reels, Colson speculated that the Cent r a 1 Intelligence Agency planned a "Seven Days in May" takeover of the government. He also asserted that the Pentagon practiced extortion to keep President Nixon from arresting military men who stole his secrets. , · In sometimes hostile, 'sometimes contrite l a n g u a g e , Colson described President Nixon behind his back as being short on "guts;" Behind Colson's back, Nixon had been equally critical of Colson, the White House tapes show. Colson complained to Bast that the President was always . on the verge of coming down hard on the CIA, But, Colson groused, Nixon was talked out , of it by presidential staff chief Al Haig who .feared it would "take down the whole intelli- gence'community." "That's where I got to be critical of Tricky Dick with this kind of lack of 'guts here," commented the tough-talking Bast. · . · · · - ; : Sadly, Colson agreed: "I-criticize him along with you. For that reason." Beside Bast's swimming pool whose fountain made background water music over a "mike" secreted, among poolside flowers, the two men dis-. cussed how Nixon could rid himself of CIA and ..military. : spying on the White House, ·"He's got the message,"brooded Colson. "And he's thinkirfg about it. He's got. a h e l l u v a problem....Nobody understands this...He can't, do it himself." Colson explained that ·Nixon could not fully trust any- ; one in the White House to carry out his orders and "he can't just sit in there with a machine gun." - : . . - ' . The skeptical Bast asked why Nixon didn't 'simply o r d e r arrests if his National Security Council was being spied on by the · military, as recent testimony has confirmed. " I f ; h e tried to do anything about it," sighed Colson, "they would have disclosed a lot of his documents that" he was · worried about protecting, that they had been stealing.-.right from Kissinger's briefcase:" "In other, words." replied Bast, "they practiced extortion on him." "Subtly," agreed Colson. "And the President let them getaway with it?" "Yeah," the former While House'confidant conceded. As to the CIA, Colson said that one of its former agents, Howard Hunt, while in the White House, was in · contact directly or indirectly with CIA clandestine bigwigs. Colson s a i d he never knew whether the CIA infiltrated the While House:"to knock (Nixon) off" -- figuratively speaking -- "dr'whether they were in there just to spy...." . -"Maybe they were trying to pull something similar to a 'Seven Days in May' deal (a f i c t i o n a l military coup), suggested Bast. "Could have been, could have been," mused Colson. "I can't say-there was a conspiracy to do it, but I ; wilV say that was the practical consequence of their actions." J Nixon's theory, said Colspn. was that the CIA were coming CIA were .coming in to in to spy...Who knows what they want....The whole house of cards collapsed and ; maybe that's what they wanted. "Right now the frightening thing is that there. is no one controlling the CIA. I mean nobody....Their own files hang them hi'gh as a kite." Colspn excitedly rustled a document from his briefcase and said, "Look at this thing." As he described it to the unseen mike and a tape recorder slipped under a mulch bag, it was a note he had written after "Pat, here's some good Republican campaign fund earrings to go with that good old respectable_Republican cloth coat" ·» I State Of Affairs Public To Blame For Inflation By CLAYTON FRITCHEY WASHINGTON -- .Not since Voltaire created Dr. Pangloss ("everything is for the best in : this best- of. ail. possible worlds") has there been anyone quite like Mr. Nixon's official optimist, Dr. Herbert Stein, who, as chairman of the Council of Economic Advisers, has proved time and a g a i n that even the President's most disastrous domestic policies are really blessings in disguise. Now on the eve of his departure from the government to resume teaching (heaven help the. students), .Prof. Stein has surpassed himself in demonstrating once more t h a t Mr. Nixon's economic policies are just what the doctor ordered ·r, if they aren't, somebody else is to blame. For some years. Dr. Stein has specialized in explaining away the inflation that has plagued the Nixon Administration. First, it was nothing to worry about. Then the story was that Americans-are really " b e t t e r off." Finally, it was that the Administration had it under control and it would soon subside. Just be patient. Today inflation, having soared almst 300 per cent in the last year or so, is raging at a rate of almost 12 per cent, modern record in the United States. Not even Dr. Stein can pooh-pooh it any . longer so, in his latest pronouncement, he reluctantly admits it is bad but blames the public fr causing it. THE PUBLIC, IT appears, should be impeached for obstructing the President in the performance of his duty. The logic Is that inflation couldn't be stopped without, .'raising ' taxes, but, Mr. Nixon's hands were tied- because the people "were so reluctant to have a tax increase." It is a libel on the American people, who have consistently a c c e p t e d sacrifice when necessary in the national inter- est. They have often borne hea- ratibning with good grace. No President- has ever made essential patriotic demands on the people and been rejected. Much of .the present inflation can be. traced to the "Vietnamese w a r , . . which' c a u s e d large budget .deficits year after year; Mr. Nixon's response was to cut faxes rather than raise them. He presumably was taking no chances of re election. Former President Harry Truman did just the opposite when the outbreak of the Korean war in 1950 triggered inflation. He quickly called 7 for a tax boost, and Congress passed a n . increase shortly after the war started. Two more t a x . bills were passed before the year was out. How d i d - t h e .public react? The late Sen. Robert A. Taft, who strongly supported the tax legislation, was easily re-elected in the fall of 1950. The, upshot of Mr. 'Truman's; e a r l y - a n d decisive action was that Korea became virtually a pay-as-you-fighl war. T h e deficit averaged only about $2 billion annually for the peak years:of 1950-52, and the rate of inflation in the, same period was held to 4.5 per cent, dropping to less than 1 per cent for 1952 : 55. , · Dr. Stein says he is against any taxcutf orAmericahs 'at the present time because "we should not be putting $5: billion or $10 billion in their hands which they'd only go .out and spend." But the whole point of a tax reduction w o u l d be to stimulate employment.and production through more ' purchasing power: Hoarding would simply defeat that objective. The. way to 'salvation, Dr. Stein admonishes us, is through "old-time religion" economic policy, as allegedly practiced by the Administration. It is described as strict governmental spending limits, light monetary policy, a balanced budget and no tax reduction. Dr. Stein must be joking. MR. NIXON HAS been in office well over five years, and this is how his practice comp a r e s with -Dr. Stein's p r e a c h i n g : Administration spending has broken all previous records, producing both the first $200 billion budget and the first $300 billion one. The monetary policy; rather t h a n being "tight," has until recently been notoriously free and easy. The budget has been unbalanced by more than $100 billion. And there have been several tax reductions. With that performance, inflation was 'inevitable.' Would Dr. Stein still like to insist that the public is the guilty party? He should heed Dr. Karl Brunner. of the University of..Rochester, who says', "An irrelevant or poorly conceived explanation of suggestions for an effective and successful anti-inflationary package." ' Not long' ago. Dr. Arthur Burns, chairman of the Federal Reserve Board, broke ranks to warn that "the gravity of our current inflationary: .problem can hardly be overestimated." Mr. Nixon was not impressed. His crystal ball saw "encouraging signs that the worst is behind us." Nobody really knows Richard Nixon. Even Gen. Eisenhower misjudged him. Back in 1968, the former President is quoted as having privately said, "I think Dick's going to be elected President, but I think he is going to be a one-term Presi-' dent. I think he's really going to fight inflation and .that will kill him politically:": Well, Mr. Nixon is certainly in trouble politically, but not because he killed inflation which, alas, is alive and well and living it up ill over the land. (C) 1974, Los Angeles Times visiting Senate - W»t«Wt* : : «f chairman Howard Baker.---Rr Tenn. Baker had given; mm quotes from a- secret ; GIA memo.. : . · ·"··' '· According to Co!son's notes. the CIA memo admitted CIA involvement in some aspects:of Watergate. Colson said he-had scarcely believed Baker would let him see it. '?! · thought Howard Baker, was drunk,' ; -h« marveled -- a charge' Baker* office hotly dismisses, saying Baker only quoted from th« memo while'questioning Colspo; but did not let him read it; '.','. "Why doesn't Njxon declasSt- fy these things?',' asked Bast,''. Colson explained: "^ fern is" if he gives this 'up, how does he justify not giving up other things he doesn't want to give up?" Thi s, of course, it now the President's 'dilemma before the Supreme Court. .'·'.' Another. consideration', grumbled Colson, was that Haig (who Colson suspected was with the 'CIA)., had.: convinced the President not to wreck the GIA. just' "to save (himself) frerg impeachment;" . . . . - , ·',- "They play it with. violins," observed Bast of such White House intrigues. ,'. "People still dance to it, said Colson. , ' .' . . "And here you have the-Pre^ s i d e n t . ' o f . the United States dancing to that," replied Bjst acidly. . . . ' . . ' · ·-, . Footnote: Haig told us there was "no way" he was working for the CIA, but. refused comment, on his: talks -.with Colson. The CIA denies it was spying on the White House. Colson has said that Bast violated a conlL s dence in releasing.the.tapes; However, the tapes show. Colsoij gave him full permission -I* .speak of their talks, provided : ii came after Colson's sentencing. From The · Readers' ; Viewpoint ;J An Anxiety ' To ; the Editor: : / . : ·-,' "Throughout th« country there is deep disquiet. Th? mood is-riot of panic, noj even of tangible fear. It-is, rather, a general anxiety, a growing sense that something has 'gone very wrong with the United States and that, whatever, it -is, it lies deep in the foundations and- is becoming worse." : \So says Terence McCarthy, a consulting economist who until recently taught at Columbia University, i n ' an article' . "Death of an Illusion'-- in July Ramparts. ; .' . "America's past:is no longer ' a guide to its future. The people sense this even if the politicians do not. The feeling is; widespread that the nation h'sis committed fundamental error's' for which -it must now pay;...;"," ". . .self-deception was ' t'h'fl popular mode and. those .of us not addicted to statistical illus/ ions would have to- bide 1 'our time before a hearing could be gained. I, for example, concluded my work, WHAT THE VIETNAM .WAR HAS-'COST, 'with the warning, 'by the time . this war is over, tlie United Slates will be-left with.nothing but brute force. with which to treat with'friend and foe.'alik* Unfilled needs for water arid s e w e r . systems, education',' h e a l t h * care,.- conservation., housing, research pile up. but the Administration .wants ·V'sj record breaking military budget for the fiscal year 1975." 'ac* cording to SANE. "The t u 11 price tab exceeds. $100 billion when the various parts are added together....Year after year, huge sums of military: dollars have been pumped: into the economy without producing goods and services the public can buy. THIS HAS BEEN THE' MOST -SIGNIFICANT -CAUSE ENTIRE GENERATION., i..1 : "Military-incluc.ed .inflation "ii stoked by nuclear: · overkill (almost 8.000 H-bombs, 36.. (or, every major Soviet city);, pyec half a million, troops overseas; armed forces overloaded .with senior officers .and clerks; : 'a million Pentagon civilians; cost over-runs and procurement'sys;. tern that rewards waste. A $401 TV set would cost $B,000.;if manufactured by some electronics firms retained by the Pen* tagon, according; to the testimony of A. Ernest Fitzgerald." (Mr. Fitzgerald was fired -by the Pentagon after his test!-' mony. when his reinstatement'- was forced he was placed . In a "safe" position.) AP reports: "The General Accounting Office says the development.of 55 naw weapons; systems has brought cost overruns totaling $26.3 billion. TH!5 NEW ESTIMATE REPRESENTS a $7 BILLION itt-, C R E A S E DURING THE SECOND HALF OF'. 1973. ALONE." Twenty-four of the. 55" systems are a year or more- behind the planned d e l i v'e-r-y schedule. · : . . , ; ; . The corruption in ·rnililary weapons involves, contractors/. the White House and Congress-'. men, and by report . i s far deeper than Watergate. : · · '-' " N e v e . r , " says .Terence" McCarthy, "have America's." corporations been in ; so low; a. repute as they are today.. .and', never before have the corpora-^ tlons had the blustering imperr tinance to dernand.not billions but hundreds 'of billions 6f- dollars of INCREASED profits', for the years ahead to finance;, what they call meeting th»i needs of the f u t u r e ' - T H E J R . future, of course."' - · · ' . ' . The world has never faced" such grave dangers. But Jin' Washington the big game -is' whether Nixon knew wh'at; everybody around him know.. and whether anybody can prove.. Ella Pot**.-

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