Banner Graphic, Volume 17, Number 109, Greencastle, Putnam County, 9 January 1987 — Page 2

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THE BANNERGRAPHIC, January 9.1987

Anti-satellite target October

Permission sought to test weapons

c. 1987 N.Y. Times News Service WASHINGTON The Air Force is asking Congress for permission to conduct three tests of its antisatellite weapon against targets in space beginning in October, Pentagon officials said Thursday. Current law prohibits the military from testing the weapon against orbiting objects until that time, and a member of Congress said he would seek to extend the moratorium for another year. But the Air Force, which says it has taken its test program as far as it can go without new tests against actual targets, will seek to resume the tests and to spend more than sl.l bailor. in 1988 and 1989 on research and production of the weapon. Last year Congress refused to allow most work relating to production of the weapon, and cut the funds available for research while blocking tests against space objects in the fiscal year 1987, which ends Sept. 30.

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Ho speaks loudly and carries a big stick...er, gavel. And he's Rep. Jim Wright of Texas, the new speaker of the U.S. House of Representatives. Wright, who replaced the retired

Reagan intended arms-for-hostage swap

WASHINGTON (AP) Despite President Reagan’s assertions he did not swap arms for hostages, the administration dispatched weapons to Iran last year with the understanding that kidnapped Americans would be freed, according to publishexi reports. The arms shipments were approved by Reagan last January with the understanding that either all the hostages held by Shiite Moslem militants in Lebanon would be released or the U.S. arms shipments would be halted, NBC News said Thursday. The reasoning on the arms shipments was contained in a background paper prepared for the president at the time he authorized the sales, The Washington Post and

Banner Graphic (USPS 142-020) Consolidation of Tha Dally Banner Established 1850 Tha Harald Tha Daily Graphic Eatabliahad 1883 Talaphona 653-5151 Publiahad dally axcapt Sunday and Holidays by PannarGraphlc, Inc. at 100 North Jackson St.. Graencaatla, IN 48135. Sacond-clasa postage paid at Graancaatla, IN. POSTMASTER: Sand address changes to Tha Banner Graphic, P.O. Box 509, Greencastla, IN 48135 Subscription Rates Par Weak, by carrier *1.20 Par Weak, by motor route ‘1.25 Mail Subscription Ratas R.R. in Rest of Rest of Putnam County Indiana U.S.A. 3 Months *17.40 *17.70 *19.00 6 Months *32.25 *32.80 >36.70 1 Year *63.00 *64.00 *72.70 Mail subscriptions payable in advance . . . not accepted In town and where motor route service is available. Member of tha Associated Press Tha Associated Press Is entitled exclusively to the usa for rapublication of all tha local news printed in this newspaper.

In 1986, with a similar moratorium in place, the Air Force conducted two space tests by pointing the missile at the light of a star instead of at actual targets. In 1985, the Air Force conducted the only test to date against an actual target, destroying an old experimental satellite that was still in orbit. Air Force officials say that if the moratorium on tests continues, it might be pointless to continue the program. A few million dollars might be spent to put the program into hibernation, but service officials are not enthusiastic about this approach. While the Air Force hopes to resume the tests, it has already cut back sharply on the number of missiles it plans to buy. In all, the program is worth about $3.8 billion. The number of missiles being purchased is classified, but was reduced by two-thirds last year, officials said. Instead, the Air Force is beginning

Thomas P. “Tip" O'Neill of Massi husetts, opened the 100th session of Congress this week in Washington. Like O'Neill, Wright is a Democrat. (AP Wirephoto)

Los Angeles Times reported in today’s editions. It appears Reagan was never given the paper, but was briefed on it orally, administration sources told the newspapers. Citing an unpublished Senate Intelligence Committee staff report, NBC said CIA Director William Casey warned at one point that revelations of the Iranian arms sales could be very damaging and that if the sales were disclosed publicly they should be portrayed as a political attempt to reach out to moderates in Iran. As it turned out, that was the position adopted by the administration. The committee uncovered no evidence that Reagan knew about the alleged diversion of millions of dollars in profits from the Iranian

Bill would provide school drug program grants

INDIANAPOLIS (AP). The state’s fixed maximum interest rate on credit card transactions would be replaced by a variable rate tied to the prime rate under a bill introduced in the Indiana Senate. Indiana law currently specifies that credit cards may not be subject to annual interest rates of more than 21 percent. Senate Bill 163, sponsored by Sen. Allie V. Craycraft Jr., D-Selma, would substitute that with a variable rate equal to the maximum annual rate commercial banks charge for short-term loans to their most creditworthy customers, plus 2 percent. The bill was one of 66 measures introduced in the Senate Thursday, the fourth working day of the Indiana

to look at ways to improve on the current technology, which uses a two-stage rocket to launch a guided warhead that collides with the target satellite. The rocket is launched from an F-15 fighter jet flying at high altitudes. Some of the money in next year’s budget request will be used to look into new technologies, including some from the “Star Wars” program, that could be used to destroy satellites orbiting beyond the range of the present missile. These include ground-based laser weapons and missiles that are able to reach higher into space. Air Force officials have said in congressional testimony that technology being developed for the Strategic Defense Initiative, a program of research into spaceoriented defenses against ballistic missiles, could be used as well for anti-satellite purposes. But they add that even if extra

Air Force pilot dies in Fulton County crash

FULTON, Ind. (AP) The fatal crash of an Air Force plane during a training mission is a reminder of the risk involved in military life, a spokesman for Grissom Air Force Base says. The twin-engine A-10 Thunderbolt II aircraft that seats one person went down about 3:42 p.m. Thursday in a field while flying in formation with two other jets, said Master Sgt. Dayton P. Strickland, in charge of public affairs for the 305th Air Refueling Wing, one of three units at Grissom. “The flight surgeon said there was no way he (the pilot) could live,” Strickland said from the scene Thursday night. There were 30 mm cannon shells aboard the plane and explosives for the ejection seat, but it was confirmed there was no ejection,

How now, Dow Jones?

Industrial average passes symbolic 2,000-mark for first time

NEW YORK (AP) The Dow Jones industrial average passed a symbolic milestone when it leaped over the 2,000-mark for the first time, but some analysts say the “granddaddy” of stock barometers is outmoded. The Dow Jones average close Thursday at 2,002.25 as part of a rally that has seen a rise of more than 100 points in the first five trading sessions of 1987. “Obviously there will be hoopla in the market for the simple reason that most round numbers carry a mystique about them,” said Newton D. Zinder, technical analyst with the New York investment firm E.F. Hutton Group Inc.

arms sales to Nicaragua’s Contra rebels, according to NBC. The staff report only said Reagan appeared surprised when told money had been diverted to the Contras, NBC said. But Casey, now suffering from the aftereffects of surgery to remove a cancerous brain tumor, did know about the diversion plan as early as Oct. 7, 1986, several days earlier than he has acknowleged, NBC said. The report, based only on interviews conducted so far, included many elements of the controversy that previously had been revealed by individual legislators or in news reports. It contained no startling new revelations. The network said the committee never learned how much if any

General Assembly’s 61-day session. School corporations could get grants to pay for drug education programs under S.B. 193, sponsored by Sen. Patricia L. Miller, RIndianapolis. The measure would allow the state Department of Education to award SIO,OOO grants to school corporations that agree to employ a nationally recognized expert to work with students, teachers and parents in an intensive, community-oriented drug education program. The bill also would require the school corporation to provide followup counseling for students involved in drug abuse. The grants would be funded with federal money available for drug

money were spent on research for the Strategic Defense Initiative, these weapons could not be made available as quickly as the antisatellite weapon now being investigated. Some of the money the Air Force wants to spend next year would be used to make the current design more reliable and easier to produce and operate, officials said. Rep. Les AuCoin, an Oregon Democrat who was the author of legislation imposing the test moratorium, said Thursday that he could not imagine Congress granting permission to conduct tests of the an-ti-satellite weapon against space objects or appropriating anything near the amount of money that is being sought. “It is a ridiculous proposition,” said AuCoin, a member of the Defense Subcommittee of the House Appropriations Committee. “It’s like feeding caviar to a corpse.”

Strickland said. “They believe he’s in the ground, and there’s no way he could have survived,” he said. The pilot’s identity was not immediately released pending notification of relatives, he said. Strickland said the pilot was an ac tive duty member from the 434th Tactical Fighter Wing reserve unit at Grissom. “Traditionally there is a memorial service, usually within a week,’ Strickland said. Barbara and Larry Rentschlor. who live about a half-mile from the crash site, are used to seeing the planes flying overhead. “I saw three going over the house,” Mrs. Rentschler said. “Ther there were two.” The couple said they heard a boom, and thought it may have beer a jet breaking the sound barrier.

But “from a market standpoint, 2,000 is only one point above 1,999,” Zinder said. Some analysts suggested that the closely watched average of 30 bluechip industrial stocks has become an outmoded gauge of Wall Street’s health, although it still reflects the strong underlying demand for stocks that has helped drive the market with dizzying speed for more than four years. “I really think the numbers game for the Dow is totally meaningless,” said Robert Nurock, publisher of the Astute Investor newsletter and designer of a technical market index for the PBS-TV program “Wall Street Week.”

money was actually diverted from the arms sales to the Contras or whether Lt. Col. Oliver North, the White House aide who was fired for his alleged involvement in the diversion, was acting alone or with orders from higher authority. But the report portrayed North and former National Security Adviser Vice Adm. John M. Poindexter as ignoring or misleading their White House superiors. The intelligence panel could neither prove nor disprove whether Poindexter or North ever told the president the Contras were being supported with profits from Iran arms sales, according to NBC’s account. The report, according to NBC, underscores Secretary of State George

education. Another proposal would make it a crime to be involved in hazing or to fail to report hazing incidents. S.B. 212 defines hazing as requiring someone, as a condition of belonging to an organization, to perform an act that causes or creates a substantial risk of bodily injury. The measure, sponsored by Sen. Edward A. Pease, R-Brazil, makes hazing a Class B misdemeanor, punishable by up to 180 days in jail and a 1,000 fine. However, the penalty would be increased to a Class D felony, which carries a maximum penalty of four years in prison and a SIO,OOO fine, if the hazing incident resulted in serious bodily injury.

LARRY SPEAKES White House DJ

The King' recalled Is Nixon next?

c. 1987 N.Y. Times News Service WASHINGTON To the taped tune of “That’s All Right, Mama,” the birthday of Elvis Presley was commemorated Thursday at the White House. The surprise observance began at the morning news briefing when Larry Speakes, President Reagan’s chief spokesman, stood at the press room podium and played a tape of Presley singing the rock ‘n’ roll classic. “What’s the occasion?” a bewildered reporter asked. “What is the occasion!” Speakes replied in mock horror. “Did you hear that? ‘What is the occasion?’ Who said that? Identify yourself for the record.” No member of the White House press corps owned up to the question. Then Speakes reported solemnly that Elvis Presley had been born on Jan. 8,1935. Presley, dubbed “the king of rock ’n’ roll,” died on Aug. 16,1977. The presidential spokesman, who is scheduled to leave the White House on Feb. 1 for a job with the inv stment firm of Merrill Lynch, appeared to be enjoying himself. Turning the tables on reporters, Speakes then began firing out questions on Elvis trivia.

“While round numbers may affect investor psychology in a short-term basis, they have little to do with longterm investing.” The Dow Jones average still is Wall Street’s best-known indicator and is regarded as “the granddaddy of all measurements,” but it covers only a fraction of the enormous range of stocks sought by investors in an increasingly international market, said Theodore Halligan, e stock analyst for Piper Jaffray & Hopwood Inc. of Minneapolis. Historically, the Dow Jones average attracted enormous investor interest as an exponent of American industrial might, particularly because the stocks making

P. Shultz’s lack of knowledge of the arms sales. When Shultz learned in April 1986 that an arms sale might be in the works, he asked Poindexter about it and was told there was no such plan, the report said. The White House repeatedly has urged the committee to make the staff report available to the public and did so again Thursday evening. The panel voted 7-6 last week not to issue the document. Sen. David Boren, D-Okla., the Intelligence Committee’s new chairman, said the report was “inappropriately leaked,” adding that it was prepared in “great haste,” was never adopted by the committee and was never even read by most committee members.

Other measures introduced in the Senate Thursday would: —Require tne manufacturer or dealer of a private passenger vehicle to replace the vehicle or refund its value if the vehicle does not conform to an express warranty. —lncrease the real property tax deduction for people 65 or older from SI,OOO to $2,000. —Require the governor to appoint the state superintendent of public instruction and require members of the State Board of Education be elected by district representatives from school boards. —Make subjecting an animal to endangering conditions or cruelly confining an animal a Class B misdemeanor.

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RICHARD NIXON 74 today

“Where was The King born on this date, 52 years ago?” he demanded. “Graceland?” came a tentative reply. “Tupelo, Mississippi,” Speakes corrected. “Graceland came later. Now, the names of his father and mother were? ” “Mr. and Mrs. Presley?” a reporter answered. “Vernon and Gladys,” Speakes said scornfully. “Does anybody want to ask a trivia question on The King to me and see if you can stump me?” he asked. Nobody did. “But what are you going to do for Nixon’s birthday tomorrow?” somebody asked. Former President Richard Nixon was born on Jan. S, 1913. Now Speakes was stumped. “What am I going to do tomorrow for Nixon’s birthday,” he mused aloud. “Play the tapes,” a reporter suggested, recalling Watergate. “Got the 18-minute gap,” Speakes said. Then, before detailing Reag: u’s imminent return io the White House, the chief presidential spokesman again noted the significance of the date. “Yeah,” he said, “Long live The King.”

up the average represent some of the best-known companies, But John J. Smith, analyst at the New York investment firm Fahnestock & Co., said he didn’t think the market “responds to the things it used to before. We’re in a completely different environment now. We’re doing business all around the world.” Nevertheless, round numbers have represented psychological barriers for the Dow Jones average since Jan. 12, 1906, when it closed above the 100-mark for the first time. Few market analysts pay attention to the movement of the Dow Jones average as a reason in itself to buy or sell.

Moose ends his 76-day cow romance MONTPELIER, Vt. (AP) The lovesick moose that spent 76 days wooing a brown and white cow has apparently walked away from the relationship. “He looks like he’s hit the road,” said Donald Gallus, a Vermont game warden who closely watched the hillside love affair. “It appears he is leaving, going home.” The 700-pound moose showed up at Larry Carrara’s farm last year during mating season and took a shine to Jessica the Hereford. It was last seen at the farm Wednesday night. On Thursday morning, the moose was on the loose about a mile from the farm. It has not been spotted since. The moose’s departure, say wildlife biologists, was apparently triggered by the loss of his antlers Wednesday. Gallus said once a moose loses his antlers, he loses his defenses and sexual urges. The moose’s devotion to Jessica beguiled the nation. More than 75,000 people went to Carrara’s remote farm to get a glimpse of the odd couple, and those who couldn’t visit could hear a song called “Lovesick Moose” written about the pair. Biologists said it is impossible for a moose and a cow to produce an offspring. .

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ELVIS PRESLEY His birthday