Cheaper pound may raise U.S. tax
WORTH ONLY $2.40
By Gail Habluetzel Kansan Staff Reporter
Agreeing with Reilly was Jack E. Gaumnitz, also an assistant professor of business administration, Gaumnitz said the current U.S. exports to Britain will be more expensive. At present only 15 per cent of U.S. exports are affected by this change, and effects on a larger percentage will depend upon whether other countries devalue their money, he said.
Frank H. King, professor of economics, said the British government has no practical alternative but to devalue the pound. The action will not necessarily solve British problems, however, King said. But it should give Britain time to shift its resources, export more goods and increase productivity, he said.
Effects of the devaluation of the pound on the United States economy may be many, say three KU professors in business and economics.
curity they need when they look at the American balance of payments. He said the tax increase probably would come anyway, but that now the United States is under additional pressure to boost taxes.
In countries that devalue their money, Gaumnitz said, exports will be cheaper. Increased buying by U.S. purchasers of these cheap goods would worsen the balance of payments in this country, he said.
What effect this change will have on the United States in unclear, but there are several likely possibilities, King said.
sistant professor of business administration. Reilly said the change will affect the goods and services trade balance in the United States, causing increases in British imports and decreases in U.S. exports to Britain.
Mentioning one of these possibilities was Frank Reilly, as
Reilly said he hopes there is a tax increase because the United States is now running a huge domestic deficit and has a "very liberal monetary policy."
Hopes for tax increase
Class presidents are now members of the ASC because of the passage of a resolution in the fall council elections.
All three professors commented on the possibility of a tax increase in this country. King said the U.S. may need a tax increase to give foreign countries the se-
ASC reps,class officers installed
Fetty Wright, Kansas Editorial Editor, discusses the involvement of the United States in world crises. Page 2
Mayor Richard Raney and the ASC declare Dec. 4-9
Living group representatives whose terms expired when the new members were sworn in were
The members, two of whom are incumbents from the old council, were sworn in as the first order of new business by Kyle Craig, Joplin, Mo., junior and student body president.
"Frace Corps Week." Page 7. Scn. Eugene McCarthy, D-Minn., announced today his candidacy for the Presidency. Page 9.
Twenty-one newly-elected living group representatives and four class presidents were sworn in Tuesday night at the All Student Council (ASC) meeting in the Kansas Union Sunflower Room.
"We already have inflation," Reilly said. "But it's a matter of
WHAT'S INSIDE
Classes at KU plan Spring show for "Project Concern." Page 10.
KU student arrested on drugs charge
He was being held on $4,000 bond in Columbus.
--allowed to offer the new representatives advice to help them get started, and to make farewell addresses to the council.
Authorities there arrested Jack Hutto, 40, of Pittsburg, Nov. 22 charging him with impersonating Hollis and attempting to obtain the drugs at the same drug store. Hutto was released on $2,500 bond.
Steve Hollis, Pittsburgh freshman, Wednesday was arrested on charges of obtaining drugs with a fraudulent prescription.
Cherokee County sheriff's officers reported that Hollis allegedly attempted to obtain drugs from a Baxter Springs drug store.
See Cheaper, page 3
Allen Russell, Scottsfluff, Neb., senior and retiring member, said he was impressed with the tone of Tuesday's meeting as compared with the first council meeting he attended after he was elected. He said Tuesday's meeting was quite orderly, whereas his first meeting was filled with many arguments among council members.
In his parting address, Russell asked the council to eliminate committees which did not do anything. He also asked for council membership terms to last the entire school year instead of the present one-semester term so the council could "accomplish more."
The new members, along with nine old members, will remain with the council until the spring election when all seats will be up for election, Craig said.
The council passed a motion to ask Dr. Raymond Schwegler, director of the Student Health Center, to attend the next council meeting, at which he would be asked to explain why married students' dependents can not be treated at Watkins Hospital.
In other business, Craig, who attended an Associated Student Government of America conference in San Francisco last week, told the council he will have a formal report of that conference to present at the next meeting.
78th Year, No.49
kansan
A student newspaper serving KU
LAWRENCE, KANSAS
U. S. diplomatic success:
Cyprus crisis ended
By Anthony Tobin United Press Internationa
U. S. mediator Cyrus R. Vance said today the two-week-old threat of war between Greece and Turkey because of Cyprus was over.
"Peace was secured. My job is done and I'm going home," the presidential troubleshoot told newsmen in Athens after "final" talks.
Secretary General Manlio Brosio of the North Atlantic Treaty Organization NATO, who also mediated for peace between the
NATO mediator leaves
The happy envoy met newsmen after emerging from what he called his "last meeting" with Foreign Minister Panayotis Pipinelis. Earlier today Vance, in a conference at Nicosia apparently won the support of President Makarios III of Cyprus, whose approval was the last reported barrier to ending the dispute over the Mediterranean island nation.
two alliance members, left Athens for his Brussels headquarters, telling newsmen, "My mission has ended, Peace between the two allies was safeguarded."
The agreement hammered out in Athens, Ankara and Nicosia by Vance was reported to be modelled along the lines of Turkish demands. Turkey had threatened to invade Cyprus unless much of the Greek force on the island was removed promptly.
Makarios, who had been withholding approval of crisis ending terms, emerged smiling from seven hours of talk with Vance at Nicosia. He said "Yes" when newsmen asked whether the conference meant peace.
Newsmen then asked Makarios, a bearded archbishop of the Greek Orthodox Church, whether there would be a Turkish invasion of his island.
"I don't think so," said Makarios.
Vance pronounced his crucial
It feels so fine
Barber's shave is an art
By Robert Entriken Jr.
Kansan Staff Reporter
Your main problem will be finding a barber competent to shave you. Not that they don't know how—they're just out of practice.
Since the advent of the safety razor during World War II and the subsequent popularity of electric razors and pressure-can shave cream, hardly anyone goes to the barbership for a shave nowadays.
If your girl is complaining about whisker burn on her face—your whiskers, fella, not hers—perhaps you should indulge in the luxury of a real old-fashioned barbershop shave.
"I don't think there's hardly a shop in town that shaves," said barber Curtis Nelson who runs a near-campus barbe shop. "Before the war 65 to 75 percent of our business was shaves."
Nelson, along with co-worker H. E. Keen,
said the manpower shortage during the war
was largely responsible for the decline of the barbershop shave.
"Most of the young men were in the service," Nelson said. "Many of the barber schools were closed and there was nobody learning the business."
"There weren't enough barbers," Keen said, explaining that the civilian barbers left had more work than they could handle just with haircuts.
"People found they could shave themselves," Nelson added. "The good safety razors and electric razors really knocked the barbershop shaves out."
Before the war, Nelson said, businessmen would come in about twice a week and the farmers once a week on Saturday.
"Oh, we had plenty of Saturday business with the farmers." Keen said.
See Barbershop shaves, page 6
talks with Makarios as "constructive and informative." Then he flew to Athens to convey the news to Greek leaders. Vance had been shuttling between Greece and Turkey before bringing a reported peace agreement to Cyprus for Makarios' approval. He said he had no plans to go to Ankara again or to return to Nicosia.
It indicated Vance felt he had completed the peace keeping task assigned him by President Johnson last week.
Johnson acted after fresh violence in the age old blood feud between Greek Cypriots and Turkish Cypriotes led to Greece and Turkey mobilizing their armed forces. Turkey threatened invasion of Cyprus to protect the Turkish minority on the island just 40 miles off its coast. Greece vowed to fight any such action.
Turks set terms
Vance's mediation reportedly produced Greek acceptance of Turkish terms. Ankara demanded that the 10,000 Greek troops on Cyprus go home promptly. The Turks also demanded that Gen George Grivas, the firebrand commander of Greek Cypriot forces on Cyprus, stay forever off the island.
And they demanded Turkish Cypriots who suffered from Greek Cypriot attacks on two villages—in action that triggered the crisis—be paid damages. The Turks conditions included United Nations supervision of the disarming of all Cyprit factions and that Greece as well as Turkey respect the independence of Cyprus.
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WEATHER
The U.S. Weather Bureau predicts partly cloudy and warmer weather today and Friday with a low tonight around 30. Probability of precipitation is less than 4 per cent today and tonight.
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