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March 21, 1968 - Image 3

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Publication:
The Michigan Daily, 1968-03-21

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Thursday, March 21, 1968

THE MICHIGAN DAILY

Page Three

Thursday, March 21, 1968 THE MICHIGAN DAILY

Pan Tre

'CRITICAL NECESSITY':

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LBJ Calls for 10% Surtax,

Support for Export Program

WASHINGTON (f') - Arguing
A that "the hour is late," President
Johnson sent Congress yesterday
a new appeal for higher taxes. He
also proposed broader export fi-
nancing authority for the Export-
Import Bank.
In letters to the presiding offi-
cers of the Senate and the House,
Johnson termed his proposal for
a 10 per cent income tax sur-
charge "the most critical measure
of all" in his program to defend
the dollar and resist inflation.
The tax proposal is pending be-
fore the House Ways and Means

gold crisis and its aftermath, port-Import Bank's existing ex-!
Johnson said: port financing authority as a spe-

"The nations of the world look
to us now for economic leader-
ship. The fabric of international
cooperation upon which the
world's post war prosperity has
been built is now threatened. If
that fabric is torn apart, the con-
sequences will not be confined to
foreign countries-but will touch
every American. We must not let
this happen. Prompt enactment
of the tax bill will be clear and
convincing proof of our leader-
ship and an exercise of our re-
sponsibility. The hour is late. The

cial fund from which to provide
competitive support of develop-
ment of new world trade markets.
In some cases this would permit
the bank to help finance more
risky export sales.
Balance Payments

The administration sees;
paign to expand exports
major way of potentially
the balance of payments
and bolstering national
dence in the dollar.

a cam-
as one
erasing
deficit
confi-

Steel Union
Plans New
Strike Fund
ATLANTIC CITY, N.J. (P)-The
head of the United Steel workers
Union asked the membership to-
day to kick in more money to meet
what he called the stiffening re-
sistance of ifdustry to the labor
movement.
President I. W. Abel opened the
union's one day convention with
a call for a dues increase and es-
tablishment of a strike fund.
"This," he said, "might well
cause some companies to have sec-
ond thoughts before provoking a
strike," and give added assurance
to the steel workers during nego-
tiations beginning next month
with big steel and aluminum in-
dustries.
"Industry is caught up in the
urge to merge," Abel said. "In the
future we will be facing more pow-
erful corporate combinations cap-
able of withstanding even more
strike pressure."
Citing the growing costs of run-
ning a union, he said the USW was
in a better financial condition in
1959 "to withstand the rigors of
a strike than now."
That was the year of the bitter
116 day steel strike. At that time,
Abel said, the union's net worth
was $33 million. Today it is almost
$14 million less, he said.

British Laborites
Denounce Budget

Johnson also asked Congress to

1*

Committee, which has been delay- need is urgent." act promptly on a previous re-
ing action on it since last year. Johnson also urged Congress to quest for a $2.4 million supple-
Referring 'clearly to last week's earmark $500 million of the Ex- mental appropriation, w ch
________________ ______ ___________________would launch a five year Coin-
"ww..mmm "m""m """m """mm"m """"m"m """""""""mm"mm ""'mm merce Department program to
p Promote American exports.
TiomDSon'sPIZZ.A I Ask Spending Cuts
I Some Congress members, among
TH IS COUPON IS GOOD FOR them Chairman Wilbur D. Mills
T (D-Ark.) of the House Ways and
off50 off-,Means Committee, have been de-
! --, 5 tiUc off--- manding sharp cuts in spending
as part of any action to increase
ON A MEDIU1M OR LARGE ONE ITEM taxes.
(OR MORE) PIZZA * Senate Democratic Leader Mike
! Mansfield said President Johnson
COUPON Is Good Only Monday thru Thursday, ' "will cooperate fully" with any
z March 18 thru 21 w;congressional efforts to cut fed-
w.ws.w.w....mw...... wm......mm ... ....m.... .. eral spending.

Nelson A. Rockefeller
Rocky To Announce

NEW YORK VAP)- Gov. Nelson
A. Rockefeller is expected to an-
nounce today his candidacy for
the Republican presidential nomi-
nation, in opposition to former
Vice President.Richard M. Nixon.
Rockefeller's press secretary,!
Leslie Slote, scheduled a 2 p.m.
news conference in New York and
said: "The purpose of the press
conference is for the governor to
announce his immediate and fu-
ture political plans."
The three term governor has1
until tomorrow to withdraw from
the May 28 GOP primary in Ore-
gon, where his name and Nixon's
are entered. The timing of Rocke-
feller's announcement suggested
that, instead, he is prepared to

buck Nixon head on in that state
for convention delegates.
There is considerable interest
whether Rockefeller, who once
supported President Johnson on
Vietnam, will now emerge as a
dove on the issue. Nixon is re-
garded as a hawk on Vietnam.
Nineteen of Michigan's 20 Re-
publican State Senators Wednes-
day signed and sent. to former
vice president Richard Nixon a
resolution supporting his candi-
dacy for the GOP presidential
nomination.
The senators, noting that Mich-
igan Gov. George Romney has
withdrawn as a candidate, pledged
their "complete support" toward
Nixon's nomination and election
to the presidency,

I

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1
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hOATSON
vanguard records recording artist
friday $2.00-
^ ^^. rper person

11

I

PEACE VIGIL
Prayer, Meditation, Discussion and Lecture
all night at
ST. MARY'S STUDENT CHAPEL
and
F I LMS:
"OFFSPRING" 7:30 p.m.
"VIETNAM: JOURNAL
OF A WAR" 8:30 p.m.
"LANGUAGE OF FACES" 11:00 p.m.
at
THE NEWMAN STUDENT LOUNGE

LONDON (R) - An onslaught
from left wingers, trade unions
and industry endangered Prime
Minister Harold Wilson's Labor
government and its austerity pro-
gram yesterday despite a sharp
rise on the London stock market.
Both the dollar and the pound
continued firm in Continental
exchanges. In the Zurich and
Paris free gold markets volume of
sales continued to decline and the
price dropped back still further
toward the official parity price of
$35 an ounce.
In the House of Commons, op-
position Conservatives returned to
the attack on what Iain Macleod,
party expert on financial matters,
called the "brutal budget" unveil-
ed Tuesday by Chancellor of the
Exchequer Roy Jenkins.
No Confidence
Macleod, however, told Com-
mons the Wilson regime had at-
tacked "the standard of living of
the people of this country" with
its "destructive budget" and eco-
nomic program. The British peo-
ple, he said, "have neither confi-
dence nor trust left in them."
Both Jenkins and Wilson de-
fended the austerity program at
a caucus of Laborite legislators
but met an angry barrage from
left wingers, led by StanleyOrme.
Orme said they will deny the gov-
ernment their support because of
opposition to the emphasis on in-
direct taxation and because of the
curb on wages.
. The powerful Confederation of
British Industry said businessmen
believed the wage and income
curbs were unworkable.
Economists Happy
Despite the combined opposi-
tion to Jenkins' budget program
which Macleod called "by far the
heaviest in peacetime, perhaps
even in wartime as well," private
economists and financial experts
were ecstatic.
They said it showed the Wilson
regime was determined to drive
Britain to solvency and restore
public confidence long epnough for
a reform of the world monetary
system to be carried out unhur-
riedly.
They looked for similar reso-
lute action by President Johnson's
administration in Washington.
Economists were puzzled, how-'
ever, by French President Char-i
les De Gaulle's statement to his
Cabinet yesterday in Paris.
Supports Gold System
De Gaulle reaffirmed his ear-
lier calls for a return to an in-
ternational system based solely
on gold but then added:
"Such a reform would naturally
entail an organization of interna-
tional credit which would provide
for the scope, the mobility and the
rapidity of trade in our era."
Economists here were asking1
Just what he meant. Some said
that if De Gaulle could come up
with some acceptable substitute
for dollars and pounds-which at
present span the gap between the1
existing $45 billion of gold andi
the $71 billion volume of world4
trade-he would receive an eager
hearing, especially in Washington1
and London.1

Harold Wilson

I

GUILD HOUSE
802 Monroe

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aw 11 1 ,

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sunday

8:0 P.M.I- 1/

11:45 show:
$1.50

MARK ROSS
"Students for McCarthy:
Running with a Presidential
Hopeful"

RFK Labels
Housing Bill
Insufficient
WASHINGTON (M) - Sen.
Robert F. Kennedy, (D-N.Y.), said
today the U.S. is spending $30
billion a year on the Viethamese
war a time when the nation is
not able to meet its domestic
problems such as poor housing.
Kennedy, a candidate for the
Democratic presidential nomina-
tion, appeared before the Senate
Housing subcommittee to criticize
President Johnson's housing bill as
inadequate in some respects and
too expensive in others.
Recalls Speech
Sen. John Sparkman, (D-Ala.),
noted that the President had said
a few days ago "We must- adopt
a program of austerity." He then
asked Kennedy, "Do you agree
with that?" ,g
"I think we have to meet our
problems at home," Kennedy re-
plied.
Kennedy repeatedly told the
subcommittee that a wide pro-
gram of tax incentives offered the
best hope to involve large com-
panies in housing construction and
to build more homes for poor
families.
Aid Employment
He also said that 75 per cent
of the new housing should be built
in poverty areas and that many
of the workers should be drawn
from the pools of unemployed in
the areas.
Kennedy said that "these ghet-
tos are going to continue to exist
and many, many Negroes are go-
ing to have to continue to live
there.
"'m afraid it's going to be a
long time before many Negroes
can move out to the suburbs, find
a job and a home they can pay
for, and find a school in which
their children will not be hope-
lessly behind," he said.

330 Maynard

FRI DAY, March 22

5 p.m. to 8 a.m.

11

NEWMAN-331 Thompson

Friday, March 22

Noon Luncheon 25c

i

6
r

II

-m

Vi
BLACK
B LAC
BLUE

Va
PATENT-
E KID
300
BLA
B
.. /

MAST'S SHOES

619 EAST L BERTY

MICHIGAN

II MEN'S GLEE

Demitasse
ACK PATENT f
SLACK KID
BLUE KID
$14A04

I

Flower Power
BIEGE PATENT
HOT PINK PATENT
YELLOW PATENT
$1500

I

CLUB
SATURDAY, MARCH 23

B. POMEROY
in his final effort
PRESENTS
The XFl
Poor Richard's folk Festival

'""""

I

Ii

4;;
s

BARRY O'NEILL
JACK QUINE

DAVE JOHNS
BOB FRANKE

I

- i
Mezzanine
BLUE KID
\BLACK KI C
BLACK PATE
$14°
.::::.: ....::

' ' ' ,..
: e,:,,

%N

FREE FOOD
(NO LUNCH)
FRIDAY, MARCH 22
8:30 P.M. 75c
GABRIEL RICHARD CENTER
331 THOMPSON

HILL AUD.

8:30 P.M.

r

ie
D
ENT

W-11.1111

e

Prettiness wins out with fashion

1
k

From The Manila Times, Friday, June 9, 1967
"Within the Philamlife Hall last night all was cozy cheer as the
some seventy-strong University of Michigan Glee Club poured
song after song from a wide repertory mainly distinguished by its
bright American character.
"Of the college glee clubs that have come here-Harvard, Yale,
Cornell-the boys from Ann Arbor, Michigan, appear most rep-
resentatively American in their program and style.
"The men from Michigan sing a style reflectively American-
bright, positive, humorous, utilizing only a soupcon of sentiment
-and above all, engaged precisely in the pursuit of excellence.
Be it the traditional Latin hymns, baroque music, traditional
ballads, concert chorales, popular medley, novelty numbers,
Negro spirituals, or varsity songs-each comes off in all its com-
ponent parts precise and polished to an excellent degree.
"As long as romance lives and college boys pursue girls, the
world remains young and croons itself to dream through popular
songs in taste and character as refreshingly American as The
Michigan Men's Glee Club."

CiliABUILD,

[i

Thursday and Friday

BOUDU SAVED

FROM DROWNING
Directed by Jean Renoir, 1931
First release in U.S.--1967

"! 7.7 ~ ~ M .te

t...sr,. i.. ..ii ...i

I

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