Northwest Arkansas Times from Fayetteville, Arkansas on August 1, 1974 · Page 22
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 22

Fayetteville, Arkansas
Issue Date:
Thursday, August 1, 1974
Page 22
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Page 22 article text (OCR)

Northwest Arkansas TIMES, Thurs.. Aug. 1, 1974 FAYtTTtVILI.!, ARKANSAS Corporations Won't Accept Blame For Depressed Prices ,By JOHN CUNNIFF · Business Analyst YORK (AP) -- Corporate management is becoming ·less and less willing to accept blame from shareholders and others about the depressed price, of most shares in Ameri- .eah industry. The latest to speak out was the .chairman of Sperry Rand .Corp., J. Paul Lyet, who blamed the declining price of his stock on economic mis- Overhaul Of Rules Urged .WASHINGTON CAP) -- Sen- «te Democratic Leader Mike Mansfield is proposing a complete overhaul of the Senate's impeachment trial rules, including new standards of evidence and opening the debate among the senators to the pub lie : and television. -Mansfield's proposals, contained in an 18-page resolution that goes before the Senate Rules and Administration Committee today, would provide that all proceedings in a possible impeachment trial of President Nixon would take § lace in public -- unless the e n a t e itself votes to close them. .Under current rules, examination of. witnesses, production of'eyidence, statements by law yers and voting would- take place in public, while debates by .senators preceding a final vote would take place behind closed doors. .;·"!£ the present rules obtain,' Sea, ' Robert C. Byrd, · D-W Va., said in an interview, "you will not hear senators-debating. They sitting as jurors." : Byrd and Mansfield are the sponsors of a resolution thai would permit radio and tele'- vision coverage of the trial. Jones Asks For Court Judgment p His Status LITTLE ROCK (AP) -- State Sen. Guy H. "Mutt" Jones bi Cbmvay wants Pulaski County Circuit Court to issue a decl aratory judgment on his' status ta'the Senate. Jones has been convicted o: two counts of income tax eya sion and two counts of filing false income tax returns. During the special session o the legislature, some senators tried to oust Jones. However with 24 votes needed to ous him, only 21 senators voted fo expulsion. In an interview Tuesday, Jones said he feel: the matter should be closed foi good now. However, Sen. Ralph Patter son of North Little Rock says he will try to have thai vote erased Thursday when the Sen ate meets for final adjourn ment. - ; There has been speculation that if the vote is erased anc another vote is taken, somi ft the 12 senators who wanted t keep Jones will change thei mind. ;. Patterson said the consensu pf the July 12 vote was to ex pell, but he said there wer "some who didn't vote and tha ;he felt there were some wh :"now will vote aye." ' . Jones said if a senator w: .tried and found innocent h . icould not. be tried again. H isaid the Senate was sitting as ijury -- and not for the purpos of legislation -- during its ea lier inquiry into his case. Jones said there still was re search to be done before petitiorv for a declaratory judf . ment could be filed. "We'll merely set out a set o facts and introduce the proof o . these facts -- that I was elec ed. certified, seated in the Sen ate and took the oath of office, he said. "I also drew a fou year term. The Senate also se out how I can be expelled. W h'ave been through that proci , 'dure. It seems to me you can keep on trying a person." ' Patterson said that if Jone was referring to the doub jeopardy standard he didn't b lieve that would be appiicab fo .Jones' situation. "It's my ur derstanding it applies in crim pal cases." he said. : Both Jones and Patterson ar 'attorneys. However, Jones ha ;been prohibited from practicin in federal court because of h felony conviction. Jones said again Tuesda that he believed the entire ma ter against him was political. Haiq Names Presiden In Wiretapping Issu '^WASHINGTON (AP) -- Whi House Chief of Staff Alexand ,M. Haig Jr. has supported He fy A. Kissinger's testimon that President Nixon orderi wiretapping of 17 governme officials and newsmen fro 11969 to 1971. Haig, formerly Kissinger deputy, testified for near three hours before the Sena Foreign Relations Committ Tuesday in an inquiry initial f.t Kissinger's request into all . gallons- he misrepresented fr role in the wiretaps. : At his confirmation hearin last September to be secrela of state, Kissinger denied th he initiated the wiretaps. T Nixon administration has sa the taps were installed to dete jnine the source of news lea affecting national security. [idling by the federal govern cut. Earlier critics have blamed iat they consider unfairly gh capital gains taxes that scourage trading, investment visers who concentrate on ly a handful of stocks and ig- re the rest, and the big in- stment institutions. _,yet told shareholders at the nual meeting this week that e depression in securities ices is merely the extension an economic malaise result- g from governmental acte of lission or commission. Moreover, he suggested that werful as they are financial, · corporations lack political out in.Washington because of eir inability to deliver votes. :n recent annual meetings, ost of which are now con- ided. corporate officers bore e brunt of shareholder criti- sm of share prices, the manly of which'are at or just ove book value. While many of them could ow solid profits, improving owth prospects and other in- cations of progress, they had concede their inability to omote the image and -aura at encourages investors. · To a great extent the .prob- m appears to lie irf high inter- t rates, which not only draw oney away frorn equities.and to debt securities, such as nds, but which add greatly to he cost of doing business. Some businessmen also de- ct a sense of'fear or a lack of terest on the part of investors making long-range plans, an titude they.tend to associate ith a Watergate-induced ma- VISTA Recruits Volunteers For Parent Councils People for Awareness and ommunity Action (PACA), the ewly formed grassroots or- anization which will sponsor Volunteers in Service to-Ameria (VISTA) in Washington Coun^ y. is · now actively, recruiting olunteers to work in develop- ig Title I Parent Council Pro- rams. The volunteers will work in le communities in which they eside to organize meetings of SEA Title I Parent councils nd;;to assist the councils in pricing with school officials in ssessing needs of low-income ;hool children. The work will involve tra- eling through the community ontacting residents daily. Vol- nteers will work a flexible verage 40-hour week including e s i d e n t contact meetings, raining programs and making eports. Volunteers will be elected from Springdale, Fay- tteville, Farmington, Elkins, "treenland. Lincoln, Prairie rove, West Fork and Winslow chool districts. VISTA Volunteers will be pro- ided with a $200 per month iving allowance plus necessary ransportation. -The volunteer uust be a licensed driver, able p cpmfnunicate with public of- icials and have some basic or- anizing capability. :.Tinr MacMillan, -the -PACA Mrector; ·-will be available to nterview interested individuals rom 2 p.m. to 4 p.m. every afternoon from July 29 through August 2 at the Economic Opportunity Agency of Washi- n g t o n County. Interested persons may obtain more information, at the EGA office, on he Veterans Hospital grounds n Fayetteville of by calling 621394. · Clinton Emphasizes Economic Issues HOT SPRINGS (AP) -- Bill Clinton of Fayetteville, a con- ;ressional candidate, said here Tuesday that he expects about one-fourth of his campaign costs to be paid by out of state sources, including the Democratic party's national organza tion. Clinton said in an interview that he will know by September low much financial support he will recieve from the party. He jredicted that the remainder of lis campaign against Rep. John Paul Hammerschmidt, a Republican, will cost about $100,000. In addition to party funds, Clinton said he has support from labor unions which account for some of his out of stale funds. Clinton, a 27-year-old University of Arkansas law professor, cited the economy as the primary issue involved in his bid for election to the 3rd District seat. Instead of the $5 billion cut in national spending which President Nixon has suggested, Clinton said as much as 10 billion should be cut. He said such a cut would "take a bite out" of Nixon's $5.8 billion forein aid program. Infant Killed MOUNTAIN HOME. Ark. (AP) -- Daniel Parrott, 3'A months, of St. Louis. Mo., was killed Tuesday when a car hit the tent in which the child's family was camping, Slate Police said. State Police said John E. Ritler, 76, of Gamaliel in Baxter County was attempting to back out of a parking area when the accident ocurred. Police said Kilter's car crossed a county road into a camping area and hit the tent. The car then continued backing into Lake Norfork. No further details were immediately available. and Saturday Values! These Two Groups/ who'ore dppearing in the All-Night Gospel Singing Friday and t ' Saturday Nights at Parsons Stadium, will be at Sears Friday, from 2 to 3 p.m. "JERRY AND THE SINGING GOFFS'' MW8S Sears Coupon 30" PELLON S LOW !t YARDS PRICE ^-P Coupon Expires Saturday, August 3rd "THE LESTER FAMILY' Sears Coupon; -| .W6m^s;lpp%\:Aiitfo^ Nylon P.J. ? s ^%ikjt Regular ^, ""· Coupon . .$6.00.-.. 'JfF · \ Coupon Expires Saturday, August'3rd Sears Coupon . : : : SAVE 43%! Cling-Alon Hosiery · 2 Colors Only Mocha and Sunset Regular $1.55 Pr. · ' Coupon Expires Saturday, August 3rd With Coupon M« Sears Coupon M¥ ; SAVE 41%! Denim Drawstring Purses $1 Places the Coat of Your Choice in Layaway Till Oct. 1st Regular $4 ^7^^" Coupon · .Coupon Expires Saturday,. August 3rd Children's Pre-Seasoii COAT LAY AW AY SALE Savel6%to21% Little Boys and Girls Snorkel Jackets Bigger Boys and Girls Survival Jackets 0 Size 4 to 6x 14 Regular · /· 97 $17.99 Girls Size 7 fo 14, Boys 8 to 12, Student Boys 14 to 20 Sears Coupon SAVE! Boys or Girls Black 3-Speed, 26-Inch Bicycle 88 .With Regular $62.99 Coupon Expires Saturday, August 3rd Winter in summer? No. Cold weather jackets at sizzling prices. Survival-style jackets with toasty attached hoods. With front snap pockets and zippered sieve pockets. Machine washable. In little kids sizes 4 to 6x, bigger girls' sizes 7 to 14, bigger boys' sizes 8 to 12 and student sizes 14 to 20. So don't waif for winter! Come In today] BUY NOW AND SAVE! Sears Coupon ffl SAVE 30%! NO 5886 CALCULATOR Sold for $79.50 In March '74 Truckload Lawn Building Sale! SAVE 35%! On A Huge Selection of Lawn Buildings Sizes Range From 54 88 With Coupon Runs On Batteries or House Current Coupon Expires Saturday.- August 3rd ' Sears Coupon 15% OFF! OUR ENTIRE STOCK of COOKWARE Coupon Expires Saturday, August 3rd With Coupon SHOP AT SEARS AND SAVE Sttitfaetion Guarantetdar Your Money Bade Sears SUMS, BOOOCK AND CO, Northwest Arkansas Plaza FayetteviHe Highway 71, North Between Fayetteville and Springdale Phone 521-6000

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