Thursday, March 21, 1968 THE MICHIGAN DAILY Page Three Thursday, March 21, 1968 THE MICHIGAN DAILY Pan Tre 'CRITICAL NECESSITY': . - . ; <: ,: ., , 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 i 1 r 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 I aw 11 1 , I saturday 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 1 I