Banner Graphic, Greencastle, Putnam County, 16 January 1974 — Page 3

Bonner-Graphic, Graencastle, Indiana

W*dn«$day, January 16, \ 974 PEOPLE WONDER ...

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Do Prices Ever Drop For The Consumer?

NEW YORK. (AP> - There are more than a few aspects of this economy that just don’t add up for the typical American, a person who doesn’t easily take to numbers except when a dollar sign accompanies them. He begs to understand, for example, why oil company rofits should be at record ighs simultaneously with an oil shortage, why big commercial banks should profit hugely from destructively high interest rates. While he might be aware that the answer lies in the law of supply and demand, he is understandably skeptical about

the application of that law, and wonders aloud if it isn’t a tool of suppliers. Do prices ever drop? He wonders how in the world all those corporate executives tell one audience that they expect a good year for sales and earnings and the next week tell another group of the pitfalls of an oil shortage. Their curiosity might be satisfied somewhat in noting that the audience that gets the gray forecast of impending doom is likely to be made up of critics or regulators. The sunshine is beamed at investors and stockholders.

Even stock market analysts are somewhat fascinated by some of their brethren who talk about the coming decline in corporate profits, about the recession just around the corner, and then forecast rising stock prices. Sometimes this seeming contradiction is joined in one sentence. “Specifically,’’ said a recent speaker before the New York Society of Security Analysts, “I believe 1974 will be a year of generally declining corporate earnings and rising stock prices." The explanation provided, almost always, is that the stock market is a barometer, not a

thermometer. It anticipates conditions the day after tomorrow but it doesn’t register the weather at the moment. The bulls eagerly explain that while the early part of 1974 mightn’t be very good for business, the latter half of the year is bound to turn out better: the consumer will be buying again, infiation will be receding, the oil crisis will be diminished. The reasoning underlying these assumptions is seldom stated as clearly as the forecast, but one of the main ingredients of the recipe seems to be a dash of “things can't get worse so they have to get better." .

Ford Soys Smoll Group Wonts Impoochmont

ATLANTIC CITY N.J.(APj — Vice President Gerald R. Ford said today a “relatively small group of activists" are out to impeach the President and to drag out the Watergate affair for political advantage. Ford told the American Farm

WASHINGTON (AP)-Dis-putes between the FBI and the Law Enforcement Assistance Administration may soon test Atty. Gen. William B. Saxbe’s authority within the Justice Department. One conflict between the two agencies, both under Justice, involves proposed federal control of crime records sent to state and local governments. The argument involves how far the federal government should go in policing those who control state and local crime computers and in punishing those who violate federal policy, LEA A Administrator E)onald E. Santarelli said. The FBI maintains the computerized crime files and the LEAA finances many state and local computer projects dealing with criminal records. Santarelli said the two

Bureau Federation convention that “it ii an all-out attack. Their aim ii total victory for themselves and a total defeat not only of President Nixon, but of the policies for which he stands. “While the American Farm

agencies disagree over the use of information contained in a criminal history that is returned by the FBI to state and local governments. Saxbe has said he favors stronger legislation and regulations to protect individual privacy and the confidentiality of criminal history files. He has endorsed the move to prevent those files from falling into the hands of such unauthorized persons as potential employers or credit investigators. Santarelli said some groups want the federal government to prohibit all distribution except for law enforcement purposes, but he insisted that state legislatures should have the authority to decide this. The issue is likely to come to a head soon, because the department has been threatened with a lawsuit by a group of

Bureau Federation is meeting here to discuss solving some of the nation’s problems, a coalition of groups like the AFLCIO Americans for Democratic Action and other powerful pressure organizations is waging a massive propaganda campaign

congressmen and others who claim the lack of controls constitutes an unconstitutional invasion of privacy. The other area of dispute between the two agencies concerns the LEAA proposal to take the job of gathering crime statistics away from the FBI and other agencies now involved in it and put it in the hands of a new and independent Bureau of Criminal Statistics. Santarelli said he has recommended to Saxbe the creation of such a national statisticsgathering bureau.

against the President of the United States." The vice president urged Congress and the House Judiciary Committee to act promptly and responsibly to bring the matter to a conclusion. “They have no right to leave America hanging when so much that is important remains to be done," the vice president said. Ford said he had talked with thousands of people from all parts of the country and all walks of life since he was named to the vice presidency. He said he found the matter of “confidence in the Presidency and confidence in the American system as a whole" was a problem “on many minds as we gather here today," and that some polls show “that confidence has seldom been lower." “The polls are bad enough,” the vice president said, “but a few extreme partisans seem determined to make them worse, seem bent on stretching out the ordeal of Watergate for their own purposes for whatever they might be.”

Cement Factory Falls To Rebel Forces

Dispute Could Test Authority

Administration Wants Access To Papers Denied

WASHINGTON (APj - The Nixon administration says a former National Security Council official should not be allowed to see documents about {he wiretapping of his telephone. , Morton H. Ha Iperin. a former aide to Henry A. Kissinger at fhe security council, had asked a federal judge to order government records of the surveilfcnee made available to him. Halperin and his family are suing Kissinger and other government officials for damages Stemming from the wiretapping. ' The Justice Department on Monday offered to let a U.S. District judge look at documents concerning the wiretapjjing. , Government attorneys said the wiretap was authorized by president Nixon in an effort to discover the source of news leaks of sensitive foreign policy information. ’ The administration has acknowledged overhearing Pentagon Papers defendant Daniel Ellsberg on the tap on Halpe- » Refugees » Rescued From Sea MIAMI (AP> - Thirty-eight Haitian refugees, rescued after nine days at sea in a found-e-f i n g sailboat, blindfolded tliemselves during the ordeal so they wouldn’t see each other -'‘Many were sick, and we were all crying. We prayed and rted from the Bible and sang hymns," said Josephine Tertu--"Everybody was covering his efes. We thought surely we would die. We didn’t want to sge each other die." Miss Tertuiien said Monday. “The 30 men, seven women and a 16-year-old boy were rescUed Jrom the 20-foot sailboat Friday by Miami-based fishermen operating 280 miles off the south Florida coast. They v&re brought ashore by a U.S. Coast Guard cutter late Sun-

tin’s home in Bethesda, Md. The tap on Halperin’s phone was maintained from May 12, 1967 until Feb. 10,1971. In 1969, Halperin was a top adviser to Kissinger, now secretary of state and still Nixon’s national security adviser. Halperin left the National Security Council staff four months after the wiretapping was begun, though he continued as a consultant until May 1970.

HOUSTON, Tex. (AP> - The mother of a teen-ager charged with one count of murder in the sex-torture slayings of 27 youths says her son was hallucinating during the time police took his statements. Mary Pauline Henley told a pretrial hearing on Monday her son, Elmer Wayne Henley, was “sick . . . incoherent" when she visited him in jail last Aug. 9, one day after his arrest. Henley’s defense lawyers contend officers denied the 17-year-old a chance to obtain legal advice before he made statemeiits. Henley is to stand trial on a charge of murder in the death of Charles Ray Cobble, 17. The hearing resumes today with the defense expected to continue efforts to block admission in the upcoming trial of Henley’s statements to police. Prosecution lawyers have said Henley’s statements, taken Aug. 9, are crucial to their case. Their contents have not been released. District Court Judge William Hatten said the pretrial hearing could take as long as two weeks. Jury selection will begin after the hearing. In testimony Monday, Mrs. Henley said her son was ‘hallucinating — seeing people who weren’t there and doors opening from the wrong side. He would see people standing at

PHNOM PENH Cambodia (AP) — Khmer Rouge rebels overran a cement factory near the south coast that had been under siege for five weeks. First reports said only 10 of the 300 defenders reached government lines 12 miles away. Military sources said the government garrison abandoned the Chakrei Ting factory before dawn Monday after the third assault on the compound 85 miles southwest of Phnom Penh. Two hundred civilian families were reported to have taken refuge in the factory early in the fighting. Many of them were reported killed or wounded by Khmer Rouge shelling, and the fate of the

the open door, standing there laughing at him, and then the door would close again." Mrs. Henley said she received a telephone call from her son last Aug. 8 telling her he had killed Dean Arnold Corll, 33, and was being held by police. Henley called officers in suburban Pasadena on Aug. 8 and told them he shot Corll during a sex and paint-sniffing party at Corll’s home. Police said Henley and David Owen Brooks, 18, led officers to the bodies buried at three different sites. Brooks is charged in four of the slayings. Brooks and Henley allegedly procured teen-agers for Corll.

survivors was not known. Meanwhile, the Cambodian command said insurgents attacked a supply convoy along Highway 4 about 100 miles southwest of Phnom Penh Monday night and seized a number of trucks full of rice. Some of the trucks were later bombed and strafed by government planes, the command said. The 100-truck convoy from the seaport of Kompong Som was stalled three days ago by Khmer Rouge roadblocks. The highway, Phnom Penh’s supply road from the coast, was reopened last week after being blocked for two months. But only one convoy got through before the Khmer Rouge closed in again. In South Vietnam, the Viet Cong charged that 86 South Vietnamese bombers attacked two of their base camps near the Cambodian border and inflicted heavy civilian casualties. A government spokesman said he had no specific information on the raids, which the Viet Cong said occurred at Thien Ngon and Lo Go in Tay Ninh Province about 75 miles northwest of Saigon. The Saigon spokesman said South Vietnamese bombers flew 137 sorties throughout the country on Monday.

The Office Of Dr. R. L Veach Will Be CLOSED Jan. 22 - Feb. 6

’Mickle’s’ Sale Continues Winter Dresses *20.00 & down

Up to *79.00 Value Size* 3 thru 20

Winter Pantsuits *20

Long Dresses *15

Flannel Sleepwear *5

SALE IN ’CELLAR''

Tops & Bottoms *9.00 & down Odds & ends *5.00 MICKIE'S BOUTIQUE

• Blouses • Robes

• Sweaters • Winter Coats • Racks of Separates • Panty Hose

Mother Says Her Son Was Hallucinating During Statement Given To Police

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