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February 23, 1975 - Image 2

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The Michigan Daily, 1975-02-23

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Page Two

THE MICHIGAN DAILY

Sunday, February 23, 1975

THE MICHIGAN DAILY Sunday, February 23, 1975

F

M

I

CIA employed to free Vesco

Tired of
Traditional Housing?
University Housing offers three
distinctive living patterns in one
unique housing complex.
OXFORD OPEN HOUSE
Sun., Feb. 23-2-4 p.m.
GEDDES RD. (across from the Arb)

.M. #

(Continued from Page 1)
ACCORDING to the court
transcript, Vine, now deputy
assistant secretary of state for
European affairs, told the court
that "the attorney general then
said to me, 'Can Walder help?
. . . and I said I did not think
he could." Vine went on to
testify that "the attorney gen-
eral then thanked me for this
information, said he was, I
think he said, 'I understand
perfectly' and asked to be kept
informed."
Documents made available to
The AP show that the next
morning Vine received a phone

call from one of Vesco's lawyers
ask' 'f the financier, who was
the ler SEC investigation in
con. .ion with his efforts to
take over the mutual fund com-
plex created by Bernard Corn-
feld, could be released on his
recognizance. Fifteen minutes
later, the documents show, Vine
contacted the CIA agent and
asked him to speak to Walder in
"a low key."
The agent immediately con-
tacted Walder by phone and re-
ported back to Vine in less than
two hours, according to the
documents.
WALDER'S Swiss title is most

frequently translated in English
as attorney general, but a Swiss
embassy official here said that
was misleading and confirmed
that his duties included serving
as the country's chief intelli-
gence officer. Walder has since
left the job, the official said.
In November 1972, Vesco was
accused by the SEC of master-
minding a scheme to milk $224
million in cash from Investors
Overseas Services. He subse-
quently was indicted along with
Mitchell and Stans for attempt-
ing tp influence the SEC in-
vestigation but avoided trial by
fleeing to Costa Rica.

11

O Officers gun down hijacker

(Continued from Page 1)

carried on negotiations fromI

JACOBSON'S
WILL BE CLOSED
FOR INVENTORY
next
TUESDAY, FEB. 25
Jacobson's Beauty Salon
will be open Tuesday as usual
Jaco so$ iS

Flight 224 from Sao Paulo to the airport control tower and
Brasilia began shortly after it these continued long after the
took off at 10:30 a.m. from the hijacker's original two hour
state capital of Goiania on the ultimatum had expired.
last leg of its journey. Rliaio Na ion reonwhs
The hijacker took control Radio Nacionai, on whose
and the plane flew over Bra- wavelengths the hijacker order-
silia for half an hour before ed the manifesto to be broad-
landing with its fuel reserves cast, said the message con-
almost exhausted. tained references to Jesus
MILITARY police immediate- C h r i s t, Renaissance paint-
ly surrounded the plane and the er Leonardo Da Vinci and Ju-
airport was closed to other lius Ceasar.
Icivilian traffic.
Air Force minister Joelmir A CC OR D ING to the
Campos De Araripe Macedo same sources the hijacker,
Prospects for Peace in the
Middle East-The View from
Cairo, Jerusalem, Damascus

whose name was given as
Flores, said: "If Jesus does
not come, I will blow up every-
thing."
In view of this, the sources
said the hijacking might not be
essentially political, but the
work of a religious maniac.
According to some 'sources,
the hijacker had demanded
that theplane be refuelled to
take off for an undisclosed des-
tination but the Air Force Min-
ister was reported to be insist-
ing that all the passengers, in-
cluding three children, be re-
leased before negotiations could
continue.
The first Nobel prizes were
awarded Dec. 10, 1901. Rene
Prudhomme, France, won the
literature award; peace award
was shared by Henri Dunant,
Switzerland a n d Frederick
Passy, France.
- -

AP Photo
Sailing away
It wasn't raining everywhere yesterday. While we were suffering with lousy weather, sun-
ny Miami was playing host to the Lipton Cup race, won by Ted Turner of Atlanta. Don't you

A TEACH-IN FORUM with:
PROF. RICHARD MITCHELL, U. of M.
PROF. ITAMAR RABINOVICH, Tel Aviv Univ.
ALL WELCOME
Sunday, Feb. 23-8:00 p.m.
at H ILLEL-1429 Hill St.

4
{a
i
t

HOW TO START A
JEWISH COMMUNITY
Our Discussion
This Week in
the Living Jewish
Catalogue Series
Tuesday, Feb. 25
8 P.M. at
HILLEL, 1429 Hill St.

wish you were there.
THE MICHIGAN DAILY
Volume LXXXV, No. 121
Sunday, February 23, 1975
is edited and managed by students
at the University of Michigan. News
phone 764-0562. Second class postage
paid at Ann Arbor, Michigan 48106.
Published d a i1 y Tuesday through
Sunday morning during the Univer-
sity year at 420 Maynard Street, Ann
Arbor, Michigan 48104. Subscription
rates: $10 by carrier (campus area);
$11 local mail (Michigan and Ohio);
$12 non-local mall (other states and
foreign).
Summer session published Tues-
Subscription rates: $5.50 by carrier
(campus area) ; $6.00 local mail
(Michigan and Ohio); $6.50 non-
local mail (other states and foreign).
day through Saturday morning.

Gas prices will rise,
other fuels to stabilize

I

%PA5HETTI

(Continued from Page 1) 1
gas.
THE FORD administration's
proposed windfall tax did not
include such a "plowback pro-
vision," but Zarb said inde-
pendent oil companies, with the
large financial risks to drill for
oil, have convinced him a plow-
back provision may be desire-
able after all.
Zarb said the same thing
could be accomplished simply
by raising the profit level to
"trigger," the windfall tax.
Zarb said, however, that a
profit allowance for oil develop-
ment should be applied only to
profits made on oil exploration
and production; profits derived
from refining and selling pe-
troleum products should be ,ub-
ject to windfall taxation.
WHILE Congress was passing
legislation to block Ford's
price-raising moves, the Presi-
dent planned to veto that legis-
lation, and Zarb said he thought
Congress would not override the
veto.

If Ford's program were block-
ed, however, Zarb said the ad-
ministration would not feel
forced to resort to strict fuel
allocations or rationing.
"I think we would just have
to go back and try and recon-
vince them and the American
people . . . that using the mar-
ket mechanism is more effec-
tive and less disruptive, and
more equitable," Zarb said.
Bath Gardens, Kingston, Ja-
maica, is the second oldest bot-
anic garden in the Western
Hemisphere. It has a variety of
naturalized exotica from all
over the world.

990

PITCHER OF BEER
$2.00

'IUEsDAYdWVIGHTs
1301 S."Jniversity
CAnn ArborY *

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Protest for Soviet Jewry
The Moscow Baliyialkias
IN HONOR OF PURIM
FEB. 24: he there at 7 p.m. Power Center

for more info coal 663-3336 or 665-4630
HILLEL-1429 Hill

haws-AWNS

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