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July 07, 1971 - Image 3

Resource type:
Text
Publication:
Michigan Daily, 1971-07-07

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page three 4 Sitt n ait1j

HOTTER
High-90
Low-65
Humid and nasty

Wednesday, July 7, 1971 ANN ARBOR, MICHIGAN News Phone: 764-0552

Ima s .

Radicals plan national
election bid for '72

ALBURQUERQUE - A con-
vention of leftist parties meet-
ing here last week end decided
its chief objective would be the
formation of a strong joint na-
tional fourth party in 1972 and a
powerful organization in all 50
states.
About 250 delegates from over
25 states attended the conference
including representatives ftom
the Peace and Freedom Party,
the New Party, the D.C. State-
hood Party, the Wisconsin Alli-
ance, Ann Arbor's Radical In-
dependent Party and the host
organization, the Independent
New Mexican Party.
The groups, which hope to hold
a platform ratifying and a presi-
dential nominating convention ir
November, adopted a foreign
policy plank calling for immne-
diate withdrawal of outside forces
from Southeast Asia and imes'-
diate nuclear disarmament.
Dr. Benjamin Spock, the chie'
speaker on the issue. said that.
"The two major parties haven't
had the courage and forth:r,"-
ness to get out of the abominah'
war in Vietnam. They have fa!lt3
abysmally to represent the Amor-
ican people."
Author Gore Vidal. a m-'it-
of the New Party, felt that ,h;
ideal 1972 Presidential candinese
would be consumer -
Ralph Nader. He said that N'der,
"presents a cold-blooded analysis
of what's wrong and he offi-r;
solutions, which you cant say
about your conventional puli-
tician."
The conventional politician. ac-
cording to Tidal, is soneone us is
represents the interests of its
business rather than the p'opt'
Because of the June 1-11 ecivil
disorders. in Albuqueruse. she
City Commission had atked ti,
convention be canceled or at !cast
postponed. However, residen s os
the city soon concluded that it
was a serious meeting :'her
than a radical dopefest.
Many of the delegates arrived
at the large empty adobe home-
stead in which the conference
was held in campers, while oth-
ers, equipped with sleeping bags
and tents slept in the open air.
Meetings during'- the day were
held outside the house on the
lawn. Evening sessions were held
inside, delegates sitting on the
floor as loudspeaker systems
carried the proceedings to ad-
joining porches and rooms.

PAT'AN CRITICA L:
Prime lending rate
raised to 6 per cent

NAACP holds parley
Roy Wilkins, executive director of the National Association for
the Advancement of Colored People, speaks before a convention
of his organization, The NAACP condemned the Nixon Adminis-
tration as "anti-Negro" a year ago, but softened its stand at this
year's convention
STRIKEENDS:
Detroit sanitation
men return to work

NEW YORK (' - Dozens of
banks from Boston to San Fran-
cisco raised their prime lending
rate to 6 per cent from 5: per
0cent yesterday, following the
lead of Manufacturers Hanover
Trust Co. of New York.
Manufacturers Hanover Trust
was the first major bank to
raise to 6 per cent the Interest
it charges its most credit worthy
corporate customers although a
4 handful of smaller banks had
done so during the past few
weeks.
The big New York bank said
a sharp rise in short-term bor-
rowing rates and in the cost of
funds to the bank during recent
weeks had reached a point
where the prime rate was "so
clearly out of line as to require
adjustment."
An increase in the Federal
Reserve System's discount rate
-the interest it charges mem-
ber banks to borrow from the
Federal Reserve-was expected
*in the financial community.
Economist Pierre Rinfert said
that if the discount rate were
raised, another increase in the
prime rate probably would be
set in motion,
The prime rate is generally
regarded as a symbol of national
credit conditions because all
other bank lending charges gen-
erally scale upward from it.
In Washington, Chairman
Wright Patman (D-Texas) of
the House Banking Committee
urged President Nixon to use
standby credit control powers to
-'roll back the prime rate in-
creases.
"Under today's economic con-
ditions, the President cannot
afford to allow the prime rate
increase to stand unless he is
willing to see the country slip
into a greater recessiin, more
unemployment and more busi-

ness failures," Patman said in a
statement.
When the Federal Reserve
Board decided to speed up the
growth of the nation's money
supply last November, the policy
touched off a round of reduc-
tions in the prime rate, which
then had been at 7'%4 per cent.
A speedup in the flow of cash
and credit into the nation's
spending stream was aimed at
stimulating business, but Rin-
fret said the Nixon administra-
tion apparently had "abandon-
ed expansionary monetary poli-
cies because they were unsuc-
cessful."

DETROIT (')-Detroit's 1,400
sanitation workers returned to
work yesterday, ending a five
day strike which piled up more
than 22,000 tons of garbage in
streets and alleyways.
Clarence Russell, Department
of Public Works commissioner,
said that alleys with the largest
accumulations of trash would
be the main targets for the time
being.
Officials had feared that a

NO BOOZE FOR PROFS
'U' club- denied liquor
By JIM IRWIN can "work out the impasse" on the issue of
The City Council last week denied issuance inspections.
of a club liquor license to the University Club, "There is no need for a city inspection," Estep
once again raising the unresolved issue of told City Council. He explained that under state
whether the city or state has jurisdiction over law the University can conduct its own inspec-
University affairs. tions, which still have to meet health and safety
Council's Special Liquor Committee recom- codes, and is therefore exempt from the city's
mended denial of the club's request based on provisions.
grounds that the city was not permitted by City Administrator Guy L a r c o m Jr. told
state law to inspect the facilities because of Council that it should not turn down the liquor
their location on University-owned property, license on the basis that the city cannot enforce
A city ordinance requires that before Council its codes on University property.
can approve a liquor license the place of busi-
ness must be inspected by the Building and Larcom said in an interview that the i'sue
S a f e t y Engineering Department, the Health might be resolved by the University Club volun-
Department, and the Police and Fire Depart- tarily agreeing to allow the city to inspect its
ments. facilities, although he did not know whether the
The club's president, law Prof. Samuel Estep, Council would approve of such a plan.
says he plans to appeal the request for a liquor Estep noted that a club liquor license could be
license to the Michigan Liquor Control Com- issued by the state without the consent of Coun-
mission (MLCC) unless the city and University cil, but added "they don't want to do this."

health hazard would result from
the garbage strike, which came
on top of a 10-week overtime
boycott by sanitation workers,
causing an accumulation of
garbage in some areas.
The new contract was ratified
by a nearly unanimous vote.
The pact gives workers a 76-
cents-an-hour across-the-board
pay increase during the life of
the agreement. It also provides
for paid hospitalization for all
union workers and their fami-
lies, and a day off with pay on
Martin Luther King's birthday,
Jan. 15, and a $450 yearly bonus
for persons who have worked
for the city 21 years or longer.
The American Federation of
State, County and Municipal
Employe contract is expected to
set the pattern for future ne-
gotiations with the other unions
which represent about 20,000
city employes. The striking san-
itation workers averaged $3.82
an hour before their walkout.
The garbage collectors walk-
ed out midnight Wednesday and
were joined during the strike by
some 600 workers from various
city departments.
Under a "catch-up" clause in
the contract, sanitation workers,
or the first six months, will re
ceive 8%a cents an hour smiose
than the other union members
who did not strike .
"I think it's the best the city
could .do," said Cornelius Hud-
son, president of striking local
26.
He said he believed the sani-
tation w o r k e r s would begin
working overtime torhelp the
city dig itself out from under
tons of piled-up garbage.

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