,
YOL. IV 0.35 A UST �-10. 1 2
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BULK RATE
U.5. POST AG E
PAID
B on tgrbor,
49022
mit .50
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STORYO AGE 6
. f of
GARY, Ind. - The nation's 6,000
B elected offlcial ere urged to
orpnize a "B Common ar et"
that ould direct go emment busine
'to fum
Gary ayor Richard Hatcher, ho
conceived the idea, gave this example
of ho it could ork:
"Tbe city of Gary's employee are
ed by Supreme Life Insurance Co.,
aD B -0 ned company based in
If the, B mayor of the
20 large cities in America JOt together
under the B Common et and all
decided to give their in ranee busine
to Supreme,' uJd, 0 �t, be­
come one of the larg insurance com­
panies iD America."
Hatcher the Common arket
alJo ould redirect the spending of
B de AmeriCan into Blade -q ned bu '-
. B American spend S 175
biWo� a year, he id, but their expendi-
tu do not ere e job and opportuni- '
t' in the B community.
HATCHER IS ONE of more than
1 SO political leader and economists
attending ationa} Economic Summit
Concerence in Gary. The five-day con­
ference; sponsored by the ational
Conference of Black ayor, ended
ith a vote on strategie for Black
economic development.
Hatcher, diJcu' his Common &I­
ket str tea)', said it ' based on the
European Common met, founded
after orld War II. The European
market lifted trade barriers amo. 10
nations and provided f r the free mov­
ment of labor, goods and money cro
political boundarie ation participat-
, in the market treat their economie
one.
He also cited the American experience,
ying the United State became po er­
CuI hen te lifted trade barrie and
cr ted. common market in 1776.
. .. ot every te' doing the e
thina,'" he said." York ha all
Street, idtigan h Detroit arid our
uto capital. Each state is do' hat
it does be and not trying to compete
ain e h other. That' hy eli
, the mo po erful country, economi-
cally ing, in the orld. This'
Ie n that Black ould do ell to con­
sider."
The B Common arket, said
Hatcher, aimply ould apply U .S, m et
principle to citie controlled or in-
. fluenced by B offICial .
example, vehicle �
ne s withing tho chi cure
the contract to produce tho
- Each Cornmon If e member
ould be a an annual fee to
pport a loan fund t t ould provide
cap' al to e floundering businesses,
cr te ind ry and help B
o ned firm succeed in mem er citie
- Trade relatio ould be e blish
een the B Common et .
and fore' n countrie in the hope that
trade help 10 Bl
SPECIFICALLY, this i to Y it
ould function:
• Citie ith B m yor ould
enter into cooperative purchasi
eement in hich the cit' ould
pu larBe order of equipment
and supplie (rom B -0 ned com-
panie The deal ould reduce co
of the purcha to taxpayer and cr te
a "huge inter te market penetrated
by minority supplier and manuf tur .tt
ember ci ,ould produce their
tradit' commodi . (Detro' for
