Northwest Arkansas Times from Fayetteville, Arkansas on August 28, 1974 · Page 13
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 13

Fayetteville, Arkansas
Issue Date:
Wednesday, August 28, 1974
Page 13
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Page 13 article text (OCR)

Northwest Arkansas W»d., Aug. 28, 1974 ,. 131. Ford To Seek Majority View _ On Inflation By JOHN CUNN1FF NEW YOEK CAP) - In a ·cries of late September conferences, President Ford will seek the anti-inflation views of the disparate elements that make up the economy, the view of "everyone in the country, every part of America:" And in doing so he is hound to find that those views are not in such full agreement with existing policies, mainly those of the highly independent Federal Reserve Board, as was suggested by the previous administration. The fact is that not all America is united behind Arthur F. Burns, the Fed chairman, who steadfastly - and some say, courageously - adheres to a relatively tight money policy as a deterrent to inflation. The President will hear highly respected individuals ask in all innocence: How is it that high interest rates have failed to restrain prices, despite the almost theological belief that they do? And furthermore, why has the nation's housing been sacrificed on that altar? Why have the equity markets been ripped apart for that belief? Why has business been denied capital and forced to borrow from banks? Even if the answers aren't forthcoming, the President likely will have scored a political if not economic victory because he permitted the previously smothered suggestions, opinions, frustrations of 10 many to be aired. GOALS TOLD The goals of the summit conference scheduled for Sept 2-28 Illustrates the failure of past attempts. It reduces the problem of inlfation to the essential considerations: --To "clarify" the present economic condition of the nation, to identify the causes of inflation, to consider "new and r e a l i s t i c " Inflation restraints, to define "hardship areas" needing quick attention, and to develop- a consensus. If these are the questions to be answered, then it is obvious that those now in power feel that little has heretofore been answered or maybe even understood, ..... Perhaps the easiest of the goals will be to clarify the present economic condition. On that there appears to be a consensus: the country, the entire trading world, is in a precar- - ious condition because of inflation. . · The dilemma facing all these nations is that none of the alternatives open to them is completely desirable. Further inflation might lead to collapse. Bu.t needed restraint could put economies into a tailspin also. Agreement on the causes of inflation will be difficult to achieve, but the discussion itself should be worthwhile. Not everyone is convinced, as the Nixon administration seemed to feel, that excess domestic demand ii the culprit. A large .ind growing number o f academicians, business economists and other observers believe that factors beyond domestic control are largely responsible for rising prices, and that the cure isn't to throw people out of work and depress , business. State May Aid In Adoption Of The Handicapped LITTLE ROCK (AP) -- The state Social Services Division may ask the Arkansas General Assembly next year that tbe state begin subsidizing parents who will adopt handicapped children. The division also may seek subsidizing of foster homes for the elderly and disabled. In both instances, Social Services commissioner James B. Cartwright said the home life would be preferable to placing the people in institutions, such as the Arkansas Children's Colony or nursing homes. The public expense also would be smaller, he said. Cartwright said the high medical costs of rearing a handicapped child make it virtually impossible for the state to find adoptive parents for such children. He estimated that it costs S45D to $500 a month to maintain a handicapped youngster at a state institution. It would not be as expensive to underwrite the medical costs of rear- Ing the children In adoptive homes, he said. "But the main reason we're looking at it is that we're going to turn out an adult somewhere along the Jine, and we feel that « home environment has a i chance of turning out a better adult than does an institution," Cartwright said. 53/4% 7Y 2 % · We bare « saving program ·nd interest rate to meet your needs. Fayatteville Savings Loan Association 201 N. SALE STARTS PROMPTLY AT 9 AM TOMORROW MORNING AT LINKWAY! ALL FLOOR SAMPLE MERCHANDISE ON DISPLAY AND WAREHOUSE INCLUDED!!!! ALL WAREHOUSE AND FLOOR SAMPLES IN OUR ENTIRE BUILDING MUST BE SOLD REGARDLESS OF DELIVERY PROFIT OR LOSS!! WE RESERVE THE RIGHT TO LIMIT QUANTITIES! Y TERMS AVAILABLE MAJOR PURCHASES LISTED BELOW ARE QNLY A FEW OF THE FANTASTIC VALUES YOU WILL FIND IN THIS SALE!!! EVERYTHING REDUCED! Mans Valet with Storage Seat One Only. Reg. 39.95 $ 9 Special Group Living Room Tables Values to $99.95 ea Traditional Sofa and Chair Reg. $289.95 $ 168 Spanish Design 3 pc. B.R. Suite $ fompare af $199.95 Hide-A-Bed Sofa , Reg. $179.95. One Only. , Full Size Ma pie Bed $ 1 Only. Reg, $39.95 14 Wall Accessories Pictures, Plaques, fl / etc. All Reduced /2 Price Spanish Floor Lamp with Tray R»'g. $59.95. Only 19 One Only! CLUB CHAIR Floral Cover Reg. 89.50 POSITIVELY NO SALES TO OTHER FURNITURE OR APPLIANCE DEALERS!!! Bean Bag Chairs $ 19 Limit One LINKWAY announces the greatest PUBLIC liquidation of floor sample and warehouse furniture and appliances ever offered here or anywhere. This dramatic action taken to make room for neew merchandise' arriving daily. Remember, this SALE is limited to sample and uncrated merchandise only. Therefore, many items are' one of a kind, so be here when the doors open for your selection. ALL items will be delivered on a first come basis, there will be NO EXCEPTIONS! ALL SALES FINAL! King Size HEADBOARD One Only 1 Group Table Lamps 1 2 Price Walnut Record Cabinels $ 19 Each Twin Bed Ensemble Reg. $69.95 1 Only 28 Sofa and Chair Reg. 359.95 $ 169 1535 North College Fayetteville

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