2
Tuesday, October 8, 1974
University Daily Kansan
Ford decries threat to 2 parties
From the Associated Press
BURLINGTON, Vl.—Expressing concern for the growing number of political independents, President Gerald R. Ford said last night that a decline of the two-party system could lead to "a man on horseback or a demagogue on a pedestal."
In his prepared text for a Republican fund-raising dinner, Ford said the presence of strong Democratism and Republican democracy demands that we divorce people like ours choice without chaos."
NEW YORK—Industries and utilities, starved for financing in these tight-money days, are receiving many offers of loans at the bank, who say they represent Arab oil money.
"They offer, say, $100 million or $200 million at a ridiculously low rate like 6 or 7 per cent with no interest payment until the end of 20 years," he said.
"We chased maybe 20 of the offers, but they led nowhere," said Edward L. Hennesey Jr., senior vice president for finance of United Aircraft Company.
From the Associated Press
"I am concerned about this—not for the sake of our party alone, but for the country," he said. "For I am convinced that the politics of America. And the politics of politics of America."
Suspicious loan offers allegedly from Arabs
Hennesee, whose firm is in East Hartford, Conn., said most of the calls came
On his first political outlay for outside the Washington, D.C., area as President, Ford noted that national polls indicated growing numbers of independent voters and a steady shrinkage of those calling themselves Republicans and Democrats.
Vesco linked to weapons deal
From the Associated Press
WASHINGTON—Fugitive financier Robert L. Vesco has attempted to buy 2,000 machine guns equipped with silencers, a Senate subcommittee was told yesterday.
Vasco also explored the possibility of financing a machine gun factory in Costa Rica, investigators for the Senate per-committee on subcommittee on investigations testified
The transaction was never completed, but six semi-automatic riffles and 18,000 rounds of ammunition subsequently were sold to a client according to Manuel's sworn statement.
Philip R. Manuel, one of the investigators, told the subcommittee about a complicated procedure in which Marti Figueres, son of the former president of Costa Rica and an Alabama businessman Stuart Graydon concerning purchase of the machine guns.
Graydon testified that he met Vesco and several other American businessmen on April 14 in Costa Rica to discuss the merger of Macy's and five hundred, "multiyear," a month.
At an earlier hearing, eye-witnesses testified that on that same date highly sophisticated rifles and shotguns were supplied from the U.S. to Vesco in Costa Rica.
Vesco currently is under federal indictment on charges stemming from an illegal $200,000 contribution to former Senator Richard Scalia. The evidence was allegedly made in an attempt to influence an investigation by the Securities and Exchange Commission.
America is bound to the two-party system."
Where the two-party system fails, he said,
politics falls prey to one of two undesirable
trends.
from individuals who left no number and promised to call back.
One man, he said, asked him to come to New York to meet with an Arab "in a dark corner of some restaurant," but canceled the meeting before the day arrived.
Similar stories were told by financial officers at other firms. They said that none of the agents asked for advance fees but that they usually wanted large fees should the loans be made. Most agents were to be Americans. Some spoke with accents.
Michael Cook, treasure of Florida Power and Light Company, estimated he had talked to 50 people about Arab money. Some of them, he said, were people who came to him. Others he contacted because he had heard they might have access to money.
A recent New York Stock Exchange study predicted a $650 billion shortage of in investment capital over the next decade. James J. Needham, exchange chairman, of Coca-Cola, noted the management of housing, energy and mass transit, and could reduce the number of jobs.
"On the one hand," he said, "a mass of small, regional or class-oriented splinter groups emerges, none of which is capable of governing for long. Alternatively, after a period of chaos and uneasy coalition, one emerges from the many—more ruthless and more unscrupulous—and the democratic process is crushed.
Among other companies that said they had been contacted by the agents were Armco Steel in Middleown, Ohio; Baxter Laboratories in Morton Grove, Ill.; Union Oil Company and Hughes Aircraft, both in Los Angeles.
Company officials said they saw nothing illegal in the actions of the agents. Hennessey, however, said one of them had "used" the United name in European financial circles without authorization. As a result, the United is accepting calls from such people.
None of the companies could supply a
number of anyone who had contacted them.
Freedom offered
From the Associated Press
SANTO DOMINGO, Dominican Republic-Dominican President Joaquín Balaguer offered safe conduct out of the country last night to the six kidnappers of American diplomat Barbara Hutchison and six other persons.
In a 28-minute nationwide radio-television speech, Balaguer said he was making the offer "in the view of the fact that there were no number of women being held as hostages."
Balaguer said the Dominican government had taken "almost two weeks" in trying to negotiate the release of the hostages because we have been unwilling to risk lives."
The rebel group led by Rhadames Mendez vargas has been holding its captive in the city of Guatemala.
The rebels have been asking safe conduct, plus freedom for political prisoners.
"Whether it is a man on horseback or a demagogue on a pedestal, the result is often unpleasant."
The President repeated that he wasn't asking for any increase in the federal aid allowance.
The occasion was a dinner saluting the occasion of his death. A Republican who is retiring after 34 years of service, he was one of two men to receive the highest honor in his own country.
The President will be making two other trips this week—to fundraisers in Philadelphia tomorrow and Detroit on Thursday.
Presidential appearances in 13 other states have been scheduled before the Nov. 5, 2017 debate.
Government will have a role to play in inflation, he said, and so will every citizen.
Ford concluded by noting he would outline to the nation and Congress today what he termed "a comprehensive plan to deal with inflation."
"If every citizen enlistes in this effort," said Ford, "I am not only confident, I am certain that we will win this fight against America's public enemy No. 1."
Ford unveils plan
From the Associated Press
President Gerald Ford will unveil his economic package designed to control inflation by 1975 at a joint session of Congress at 3 p.m. today.
Ford will seek across-the-board acceptance of more than a dozen economic proposals, according to Ron Nessen, press secretary.
There may have been more than met the eye in Leonid I. Brezhnev's latest major speech in its hint of worry about how to keep alive the appearance and spirit of East-
From the Associated Press
The Soviet chief's East Berlin address Sunday had the sound of the classic superpower superblast, which uses thousands of words to say practically nothing new. It did, however, suggest that Brezhnev is concerned about the new American administration's view of negotiations on the arms race and related
Brezhnev's Berlin address hints at worry over detente
matters, and how that view might affect high-level Communist politics.
Once again Breznev called for an end to all nuclear weapons tests. But, since 1983 the United States and the Soviet Union agreed that they committed to working for a corporate ban.
KANSAN analysis
However, Warsaw Pact troops would remain close to Europe's heart, just as the Soviet nuclear-armed vessels would remain right next door to the Mediterranean.
Last July's Moscow summit produced an agreement to limit military nuclear tests but not the development of powerful new warheads.
Brezhnev probably is eager for a first face-to-face meeting with President Gerald R. Ford, although he isn't too confident about what it might produce. He probably doesn't want to run the political risk of having that policy downgraded now.
Now the U.S. Senate is believed to be in a mood to reject that agreement. American negotiators will be seeking another, more specific accord. Thus, what Breshner had to say on that score seemed unlikely to produce any movement forward.
Brezner said Moscow was ready to withdraw all nuclear-armed vessels from the region.
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New from the Associated Press
NEW ORK—A drug widely used to treat high blood cholera, reserpine, has been linked to a more than 10 times increase in the risk of breast cancer in women
Studies link breast cancer to blood pressure drug
From the Associated Press
The link was first found in a study in 24 hospitals in the Boston area conducted by the Boston University Medical Center and the University of Illinois at Chicago University and the University of Helsinki.
Campus Madhouse Tee-shirts printed
derivative of the roots of the somewhat poisonous shrub Rauwolfaerisperenta, in the current issue of The Lancet, a leading British medical journal.
15c a letter 2-day minimum on order
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The three studies of reserpine, a
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October 18,19,25 & 26 at 8:00 p.m.
The finding came out of a special study by the Boston Collaborative Drug Surveillance Program, which was designed to evaluate the relationship of a wide variety of drugs and diseases. It was carried out in the 24 Boston area hospitals in 1972.
October 20 & 27 at 2:30 p.m.
UNIVERSITY THEATRE—MURPHY HALL
K.U. STUDENTS ADMITTED FREE WITH CERTIFICATE OF REGISTRATION
Call Now: 864-3982—All Seats Reserved
Mon.-Fri. 10-5:30 Sat. 10-5:00
UNITED STATES MARINE CORPS
There is entirely no obligation in the PLC - Program until acceptance of your commission upon graduation
tion from college
from College
No on
Campus training --- Only 2 six week or 1 ten week training sessions prior to graduation from
located in the Lobby of the Student Union on the 7th. 8th and 9th of October 1974
The location of The Officer Selection Team will be
Officer
9:00 to 4:00
Selection
CALL COLLECT
(816) 374-3031/3616
U.S. COURTHOUSE, ROOM 134
"GRAND AVENUE
KANSAS CITY, MO. 64106
UNITED STATES MARINE CORPS
Underclassmen
If
Commission is
accepted obliga-
tions, are:
Ground: 2 1/2 year
Pilot: 5 years
Flight Officer: 4
years - Lawyers
3 years
PLC training at OCS, Quantico Virginia, takes place during the summer months of June and July or July and August
Underclassmen entering the PLC Program will receive longevity for pay-- that means a higher starting salary upon graduation from college
The Financial Assistance Program offers a $100 a month for underclassmen after one successful completion of summer training, up to $900 per year.
These are only a few of the HIGH LIGHTS, be sure to ask the members of the Officer Selection Team about the others available when they visit your campus on 7, 8, and 9 October 1974 ___.