Northwest Arkansas Times from Fayetteville, Arkansas on August 21, 1974 · Page 18
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August 21, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 18

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Fayetteville, Arkansas
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Wednesday, August 21, 1974
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Page 18
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Northwest Arkansas TIMES, Wed., Aug. 21, 1974 FAYETTEVILLE, ARKANSAS 79 Y American Rockefellers Date From. 1720 1972 Introduction Gerald Ford is shown in Miami Beach, August 22, 1972, »s he introduced Nelson Rock- efeller to the Republican National Convention. Ford was convention \Virephoto) chairman. (AP School Board Meet Reviews Status The Fayetteville School 'Sys-lmorning with the annual tea- tem enters the new fiscal year with an estimated balance of $118.507. Expenditures during the past year totalled $4,576,390 and receipts were $4,719,897. The report was made at -a called meeting of the school board at noon Tuesday by John Hale, school controller.. Halet said that $25,000 of the balance has been placed in a special fund established to re-roof soma of the which school 'buildings, badly needed. work Hale cher appreciation breakfast sponsored by the Fayetteville Chamber of Commerce. 'Educators in the system will be involved in conferences during the remainder of the week in preparation for school opening Aug. 26. The directors, with all' six members present, were.presen- :ed a proposal for grading al ;he junior high level prepared .n cooperation with teachers noted that $25,000 will , not be nearly enough, but. said if is a beginning. The report indicates that local receipts total $2,013,950; state revenue .was $1.915,304 and federal aid $83,328 of the past fiscal year's receipts. 1 Transportation cost than anticipated but this was accounted for by the fact that a new bus was purchased and that gasoline rose from 21 cents . per gallon to 45 cents. Gasoline was budgeted at 30 cents a gallon. The service cost $166,415 and was. budgeted for $157,481. and proposal will action taken be studiec NEW YORK (AP) -- In the spring of 1720, Johann Peter Rockefeller left his home in the {-'ermun Rhineland and settled n thfc then-wilderness of New Jersey. He was a man of litlle vealth and his name meant nothing. · "' Seven generations later, the Rockefeller name is synonymous with power and wealth, with public service and with philanthropy. The second son of that seventh generation, Nelson A. Rockefeller, was named on Tuesday by President Ford as his nominee for vice president. In a country not given to titles' and ruling class, the Rockefellers have perpetuated a dynasty of great influence on economic affairs and now political life. Family members are spread through corporate, industrial banking, real estate and international business ventures. The Rockefeller Foundation anc other organizations annuallj dispense millions from famil, endowments and gifts. In the past decade and a half, Rock etellers have found a new role in the political arena. It is a dynasty based on wealth, and the origin o f - t h a wealth can be dated with pre cision. On Jan. 10, 1870, the Standard! il Co. was incorporated in ihio with John Davison Rockfeller as president. He was ailed a robber baron by many. He gave away $530 million be- ore he died. He was Nelson Rockefeller's 'grandfather. The early generations of Rockefellers had survived in America as tradesmen and armers, neither- spectacular successes, nor failures. The sunily now dates its history rom'the birth of John D. Rockefeller in 1839. His father was itinerant salesman who sometimes used the name "Dr. Rock" to peddle patent medicines. John .D. Rockefeller had a ,nack for acquiring money and a willingness to give it away. He yas imaginative and ruthless in his business dealings, pious and utterly correct in his private life. His attributes have become trademarks of a family that considers wealth a public trust and waste a sin. Under his direction, Standard Oil acquired control of the oil industry through mergers, favorable railroad fates, rebates and other practices, many now illegal. By 1885, the. company controlled 95 per cent of the nation's oil refining capacity. At the turn of the century, John D Rockefeller's annual income .vas estimated at $50 million. He was called the richest man in the world. The break-up of Standard Oil in 1911 under new federal antitrust laws had little effect on the family fortune. John D. Rockefeller had retired from active business life, . His most trusted adviser, a Baptist minister named Fred erick T. Gates, had warned lim, "Unless you distribute i'our vast fortune quicker than ,t 'grows, it will crush not only you and your children, but your children's children." With the aid of his son, John 3. Rockefeller Jr., the senior Rockefeller spent the rest of hi: life, giving away money and polishing his public image. He died in 1937. three months shor( of his 97th birthday. John D. Rockefeller Jr. spen mated $2,5 billion to education, icdical research and other so- ial and charitable causes. Despite such philanthropy, ic children of John Jr. inlicr- :ed considerable fortunes. A aughter and five sons. Nelson kldrich Rockefeller included, cemed to wear their 'millions more comfortably. While their ather was content with the qui- ·l bankrolling of philanthropy, his life in the shadow family fortune. He was of th a shy retiring man with little taste for the world of business anc apologetic about the family'; wealth and spent most of hi; life giving part of it away. In 1913, he organized tin Rockefeller Foundation. By th time he died in 1360, the foun dation and other family-fundei agencies had given an esti they have acquired a taste for active control. and public leadership. John D. Rockefeller 3rd, 68, eldest of the brothers, has been a leader in efforts to assess and deal with world population problems as founder and chairman of the Population Council. Nelson Rockefeller, G6, spent much of his lite in government service and politics. ; Fayetteville Business College Proudly Announces the Affiliation of Ora Lee Boss 'Broker, Gallery of Homes Proven, Successful, Sales Method REAL ESTATE CLASSES Begins Wednesday' August 22nd Fayetteville Business College 221 South Locust, Fayetteville -- Phone ·! 12-2241 Licensed by Arkansas Department of Education Maintenance higher than costs were up expected, with $163,800 set aside for this category and $182,366 spent. In other business Superintendent Harry Vandergriff, reported that all teaching vacancies had been tilled except -for a physical education and health instructor at Woodland, a position in the new program on employahility at West Campus, and a consultant for the media center for special education. ..... Vandergriff also announced that pre-school conferences for the faculty would open this NEW YORK STOCKS Opening PrkM Furnished by A. G. Edward, a CM Ark. Best Corp 7% Amer. Tel Tel .; '. 42'/i Ark La Gas -.. K'A Baldwin ...*.. 7% Campbell Soup 26% Central S.W. ..-.-..-.- 13 Chrysler .'....- 13% Del Monte I8'/z Dillards -.- 12% Easco '." '..... 9'/« A.G. Edwards 3% .Emerson .-..v 27% Exxon ... 70 1 A Ford 40'/i Frontier Air .. .*.. i 5 Gen Growth i 14 Gen Motors "40V4 Gordon Jewelry i- TA Intl. Harv 20% I-T-E Imperial I2'/a J C Penney ·..- 53V2 Levi Strauss 2P/4 Ling Temco 9% Marcor 26% Pan Am World Air 3 Phillips Petro 43% Pizza Corp 9% Pizza Hut ... s 18'A Ralston 33% Safeway 34% Sears a ....... 13% Scott Paper 64'/5 Shakespeare 5% Sou. Pacific s 28% Texaco 24% Tri State Mtrs 8% Union Carbide 3.... 42% United Air ....; 27 Victor 6% Wai Mart 14% Ark. West Gas m-13% Kearney Nat] -.. 5'/4-6 Minute Man 2'/»-2% Pioneer Foods !%-5Vi H K Porter ...-·· 32V4-33% Std. Register 12%-13'A Tyson Foods 5'/s-6% Yellow Frt 35%-36! AVERAGES Inds down 3.21 Trans · up .19 Utils down .38 Volume 2,870,000 COMMODITY OPENINGS Sept. Corn 3.50 Nov. Soybeans .· 7.18 Sept. Eggs 56.50 meeting. Ben Winborn, assistant superintendent, reported on summer maintenance and said the covered pavilions at five ele mentary schools will be ready for use. He said the high school will have a new choral room; that work on the Nature Center at Lake Fayetteville is under w.ay, and practice and play- fields have been sodded at the two junior high schools and the senior high school. The school buildings, he said, are'generally in good shape for the opening of school. A discussion on enrollment was held and Vandergriff said he anticipated a one per cent increase over last year. It was noted that some areas may have over-crowding but that generally the teacher-pupil ratio on the elementary level will be approximately 25-1. The board will meet the fourth Tuesday of each month during the school year at 7 p.m. at the School Administration Building, beginning Sept, 23. Gibson Arrested SPBINGDALE - Bobby Dale Gibson, 19', 1308 Hambree Lane, was charged early Tuesday morning with possession of a controlled substance (mari luana). According to police, h« was stopped and arrested while driving his car. No other charges were filed. Court Denies Munson Petition LITTLE ROCK (AP) -- The U.S. 8th Circuit Court of Appeals has denied a petition filed by Pros. Atty. Lee Munson of Little Rock, who was seeking to prohibit the adjudication of : suit filed against him by Dr. Grant Cooper in U.S. District Court here. Munson had maintained that the court in Arkansas had no jurisidiction.in the case. Cooper, a Communist, was recently ousted as a history professor at the University of Arkansas--Little Rock. He sued Munson in May contending that he was in danger of being prosecuted · by Munson under Arkansas' anti-Communist statutes. The suit challenged the constitutionality of the statutes and asked for a declaratory judgment on their constitutionality. Federal courts cannot issue such declaratory judgments un- .ess the plaintiff asking for such a judgment is in danger of being prosecuted under the challenged law. Judge G. Thomas Eisele of U.S. District Court here, ruled Aug. 2 that Cooper was in dan- ;er of prosectuion and he agreed to enter a declaratory j u d g m e n t on the constitutionality of the statutes. Munson then filed a petition with the appeals court, asking that Eisele be enjoined from hearing the suit. Munson argued that he would not prosecute Cooper--at least not until the Arkansas Supreme Court had ruled in an appeal of a suit by which Cooper's teaching salary had been cut off. However, evidence presented at the hearing in Eisele's court showed that Cooper might be prosecuted.before the Arkansas Supreme Court made a ruling if Cooper committed certain acts that Munson believed fell into the confines of what Munson expected the state court decision woud be. YOUTH WAKE UP TO.JESUS R E V I V A L TERMITES ? CALL ADMIRAL PEST CONTROL Roaches. Ants, Spiden, etc. : COMMERCIAL RESIDENTIAL 442-7298 JOE FORD PREACHING Age 25, Married, Born: Ft. Worth, Tex., Education: Completed 214 years at Southwestern Baptist Theological Seminary as Theology Student, Graduated from East Texas Baptist College in Marshall, Texas with BA Degree in 1970. EXPERIENCE: Youth Director, 3 yrs. in Tex. La. Youth Evangelism 2 summers in Washington Oregon. Pastor 15 months in Lane, Okla. Presently serving as associate in Youth Evangelism, Department in General Convention of Oklahoma. TIME: 7:30 PM Nightly WHEN: August 21st thru 25th YOUTH SPONSORED YOUTH ORIENTED EVERYONE INVITED AND URGED TO COME GUEST SOLOIST: CHARLOTTE FORD WHERE: RIDGEVIEW BAPTIST CHURCH Jliway IB Easl Fayetteville, Ark. Phone: 442-9231 SALE OF SALES -- - - ~ ·*· ~ - *""""*" «" **»-*·sr ~ ^ * * * ~ N ' Now! 3 Convenient Ways To . We're intreductrtg Matter Charge and BankAmerlcard to our'customers In the State of Arkansas for one big reason: Convenience! Yw, now you can say "Charge It" three ways. These two popular credit cards plus your Dillard's credit card will give you the trouble, free shopping 1hat we think you deserve. ... At All DILLARD'S and DILLARD'S Pfeifer-Blass Stores in Arkansas -'A',. _ ' ·* ^ Orig. $14 Ribbed Tops For All Occasions Orig. $12 Tops 8.47 100% polyester--machine washable. White, bone, red, navy, brown, black, light blue. Sizes small, medium, large. Moderate Sportswear DILLARD'S-First Floor Women's Orig. $24 Slacks IF 7 rull-ons in solids or fancies. Polyester and wool. Black, brown, grene, blue, grey, red. 8 to 18. Better Sporlswaer-- DILLARD'S--Second Floor Special Purchase! Women's Fleece Robes 20 Cupid's Flattering Pantmates Orig. 6.50 waist-line pants mate. Smooths and shapes you under slacks. Spandex. White, Med., Large, XXLarge ..: 5.29 Orig. 8.00 above-waist band-lop pants mate--no roll band top to smooth midriff bulge. White. Small, Med., Large, XLarge 5.40 Orig. 6.00 Above-waist band-fop brief pantsmatc. Smooths midriff bulge. No-roll top. White, Small, Med., Large, XL and XXL Orig. 5.00 Waist-line brief pants mate. The perfect control brief under pants. White. Sizes Small, Med., Large, XLarge, XXLarge 4.M Foundations DILLARD'S--Second Floor ... 4.80 li -~ Super Styling Super Savings Quantifies Limited Soft, lightweight warmth of chevron fleece for a cuddly winter ahead. Long sleeve robe has drawstring waist, deep zip front. Smart shirt collar and handy side pocket. Beautiful shades of red, rose or teal. Sizes 8 to 18. I. Robes-DlltARD'S- Second Floor Open Monday Thru Saturday 10 A.M. Until 9 P.M.

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