THE UNIVERSITY DAILY
kansan
A student newspaper serving KU
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78th Year, No.101 LAWRENCE, KANSAS
Dollar, pound fight back
PARIS — (UPI) — President Charles de Gaulle said today the world monetary system based on the U.S. dollar and pound sterling as reserve currencies is as good as dead.
The 77-year-old French leader told his cabinet meeting, "The crisis of the dollar and sterling which is presently developing shows that the present system, based on the privilege of the reserve currencies, is not only unfair, but also henceforth inapplicable."
De Gaulle pronounced the 24-
year-old world monetary system
defunct as gold prices on the Paris free bullion market fell heavily again and the dollar and pound struggled back to recover some of the strength lost in last week's international speculative attack.
As De Gaulle met with his cabinet, Britain's harsh new austerity budget which increases taxes nearly 10 per cent was having an effect on the market. The pound sterling rose to $2.4072 on the London market at midday. It had dipped to $2.39 last week.
The price of gold on the Paris gold market dropped from Tuesday's $1,235 for a 2.2 pound gold ingot to $1,200. On the Zurich market gold slid to $36.50 an ounce, only $1.50 above the official price of $35. Prices last week were nearly $45 an ounce.
De Gaulle long has opposed the present monetary system and instead favors dependence on gold reserves. In the face of this, France has bought up huge quantities of gold bullion.
B52's hit near Marines
SAIGON —(UPI)— U.S. Air Force B52 Stratofortresses today bombed a North Vietnamese tank position within striking distance of the surrounded Marine fort of Khe Sanh on South Vietnam's northern frontier.
Today De Gaulle demanded a full return to the gold standard in blunt defiance of U.S. policies.
The bombers hit the armor base built up by the Communists at the site of the U.S. Army special forces camp at Lang Vei, overrun by tanks Feb. 7.
Bombers also staged three other raids late Tuesday and today against the 16,000 North Vietnamese that U.S. intelligence said have ringed Khe Sanh, western anchor of the allied anti-invasion line on the northern border.
In other action, the toll of Communist dead in the 10-day-old allied antiguerrilla drive around Saigon—the war's largest campaign, the 50-battalion Operation Resolved To Win—have risen to 903. Another 204 Communists have been captured. Government spokesmen said South Vietnamese Rangers Tuesday ngrr. killed 21 Viet Cong just five miles north of Saigon.
At Khe Sanh, the Marine defenders said their Communist besiegers fired in about 115 rounds of mortar and rocket Tuesday. Commenders reported "light" casualties.
De Gaulle pulled France out of the international gold pool that cooperates to keep gold at $35 an ounce. French government sources said he was miffed because France was not invited to last weekend's gold crisis talks in Washington and that to show his displeasure he kept the French bullion market open when other world markets closed pending outcome of those talks.
Time and money-or rather the lack of it-is keeping many KU fans from attending the National Invitational Tournament in New York this week.
Money keeps fans from attending NIT
A local travel agency's charter flight to New York Thursday may be cancelled because there is not enough time to publicize the flight. All reservations must be in by 2:30 p.m. today in order to obtain tickets to the tournament.
William Stafford, KU's poet-in-residence.
It would cost at least $7,000 to send a small pep band and the pom-pon girls to the tournament, Vince Bilotta, adviser to the pom-pon squad, said. To send the squad alone would cost about $1,000, and then they would have to do their routines with the Madison Square Garden organist. Bilotta tried to make just such arrangements, but the athletic department, which finances such activities, will not provide the necessary funds.
Gold buying reached panic proportions when he did.
KU's pep band and pom-pon girls will be absent from the NIT semifinals Thursday night apparently because the athletic department lacks the $7,000 necessary to send them.
Several alumni contacted the local travel agency about the possibility of chartering a plane to the tournament. However, at least 85 passengers are needed to make the flight possible, according to Walter Houk, agency representative. Reservations for the flight must be in by 2:30 p.m. today in order to reserve tickets for the tournament. According to tournament rules, all reserved blocks of tickets must be confirmed by 3 p.m. today or they will be sold to the public.
The charter flight would leave Thursday in time for the game that night and return Sunday morning. The flight would cost $86 per person, round-trip, Houk said. The usual round trip fare to New York is about $140.
The trip is being organized by Maupintour Associates, 711 W. 23rd St.
ASC passes fair housing, election and open housing proposals
Fair housing, a closed-door policy during open houses, and freshman representation during the coming election were considered at the regular Tuesday meeting of the All Student Council (ASC) in the Kansas Union Sunflower Room.
ASC passed a bill which would establish a fair housing committee to help students find adequate
housing and help them solve problems which may periodically arise due to housing conditions. This committee would be comprised of two ASC members, two International Club members, two from the student body at large, and one member of the campus People-to-People organization.
This committee would classify available student housing as mediocre, average, good, and luxury, according to the minimum requirements of Lawrence city ordinances, the State health department, and KU. These classifications would be available to students seeking satisfactory housing.
Stafford will read today as KU's poet-in-residence
Stafford, a KU alumnus and professor of English at Lewis and Clark College in Portland, Ore., is at KU for three weeks as poet-in-residence.
William Stafford, winner of four national awards for poetry and author of five books, i. present a reading of his works at 4 p.m.
Wednesday in the Kansas Union.
Among the awards he has won are the National Book Award in 1962, the Shelley Memorial award in 1964, the Theodore Roethke award in 1966 and a Guggenheim Fellowship in 1966-67. He won the William Herbert Carruth award for the outstanding poem by a KU student when he was a senior.
Stafford is meeting regularly with a poetry writing class taught
WEATHER
The U.S. Weather Bureau predicts colder temperatures today and tonight with highs in the upper 40s and lows tonight in the upper 20s. Thursday will be clear to partly cloudy and warmer.
by John A. Meixner, professor of English. "I like teaching, but I still haven't decided what my vocation is," Stafford said. "I started teaching because that was where I could find a job."
Food poisons 35 Phi Delts
The bill must now be signed by Kyle Craig, Joplin, Mo., junior and Student Body President, and Chancellor W. Clarke Wescoe.
About 35 members of the Phi Delta Theta fraternity suffered from food poisoning Tuesday morning. However, only one was serious enough to stay in bed.
The students were treated at the Phi Delt house.
A food analysis is being conducted from a culture made from a sample of the food, Dr. Raymond Schwegler, director of the KU health service, said. It will be 48 hours before anything is known, he said.
The ASC also voted to adopt a resolution to let anyone, who correctly fills out an application to, have an open house, provided the living group finds it agreeable and approves. This resolution leaves the decision of open or closed doors up to the individual living groups.
Craig and Wescoe must approve this resolution.
Since sorority rush has been moved to the fall, freshman women who will participate will not know what district they will be living in next fall.
Therefore they will not be able to vote for living district representatives, only for the regular school offices and class officers.
The ASC discussed allowing freshman women to elect representatives at large, but decided no change was needed because these women would be represented in their living groups, even though the freshmen had no actual voice in selecting their representatives.
This leaves freshmen ASC representatives two alternatives. They could resign from their positions and run for the College representative, or they could serve until next fall and sit out a semester until spring elections.
Spring arrives so do swallows
SAN JUAN CAPISTRANO, Calif.—(UPI)—Hundreds of swallows returned to the eaves of the Mission San Juan Capistrano Tuesday to herald the advent of spring.
The first flock of about 800 birds was sighted at 7:10 a.m. to mark the 191st recorded time the swallows had returned to the picturesque mission on March 19, St. Joseph's Day.