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September 25, 1956 - Image 4

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Michigan Daily, 1956-09-25

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Sixty-Sixth Year
EDITED AND MANAGED BY STUDENTS OF THE UNIVERSITY OF MICHIGAN
UNDER AUTHORITY OF BOARD IN CONTROL OF STUDENT PUBLICATIONS
STUDENT PUBLICATIONS BLDG. * ANN ARBOR, MICH. * Phone NO 2-3241

"When Opinions Are Free
Truth Will Prevail"

Editorials prined in

The Michigan Daily express the individual opinions of staff writers or
the editors. This must be noted in all reprints.

Y, SEPTEMBER 25, 1956

NIGHT EDITOR: CAROL PRINS

Coed Dorm Study Committee
Holds Far-Reaching Responsibility

THEFUTURE of the student committee
established last spring for preliminary
planning of the proposed coeducational dormi-
tory on North Campus, carries with it a greater
significance than is at first apparent.
Basically, the committee, which became de-
funct last spring and which the administra-
tion promises to reactivate "very soon," can
show the architect what students want in Resi-
dence Hall living.
But beyond this most apparent reason for
continued, active work of the group there are
other important considerations.
The Residence Halls are financed by a self-
liquidating plan; students pay for buildings in
which they will never live. This may not be the
best plan but since it is the situation, the ad-
ministration has realized it only justifiable
that the residents have a say in dormitory
planning. This opportunity has been granted
with the coed dorm study committee.
If this student group is unsuccessful, it is
not= inconceivable that it will lose the valuable
asset of student participation that has been
granted by the University.
BJUT BEYOND this lies an even more ominous
threat. At the time the administration raised
the room and board rate last spring the third
the room and board rate last spring (the third
of the Residence.Halls said they would establish
an appropriate study committee composed of
students, faculty andradministration "to con-
sider the financial area of future room and
board yalses."

This is one of the most significant gains ever
made toward a better understanding of Resi-
dence Hall policy and operation which always
seems to be shrouded in a dark cloak of
mystery.
It is not suggested that students should, or
could, ever tell administrators how to run the
Residence Halls but at the same time it can
not be honestly said that students, who have
continually paid more each year for room and
board-with no end in sight-should' be as
much in the dark on policies, finances, and
operation as they are.
But if the coed dormitory study committee
should fail to produce, what real argument will
students have for establishment of the financial
study group-which has not yet occurred-or,
for that matter, any other student committees?
THELACK of much dynamic action, the
rather confused organization of the com-
mittee last spring and the state of dormfancy
in which it now slumbers leaves some doubt
that it ever will be a success.
To achieve this most necessary success, then,
two steps are necessary. First tho Administrar
tion must reactivate the committee as they
have promised
But from then on the students, and this is
by far the most important of the two steps,
must take the initativ9 to prove that they can
accept the responsibility and faith given them
by theAuniversity.
--DAVID TARR

"I Said There'd Be Trouble, And I Won't Have You
Making A Liar Out Of Me"
\f
's
PESERKATI
h r
r.
h~
- re
_ L r

401% 6 wg'.4SUMJACr*Al POST Q1.

ULTIMATE WEAPON
Guided Missile
Its Own Defense
By WILLIAM HANEY
Daily Staff Writer
JUST HOW ultimate is today's so-called ultimate weapon; the rocket-
propelled guided missile.
Though still in the infant stage, present guided and ballistic
missiles are effective enough to render modern-day concepts of defense
obselete. For the first time in the history of war (hense, in the history
of man) a weapon has been created for which there seems to be no
defense; no counter-weapon.
Battleships and destroyers can be effectively thwarted by under-
water mines, aircraft and submarines. Jet bombers carrying nuclear

Pw. '7t

WASHINGTON MERRY-GO-ROUND
Suez: NO Campaign Issue
By DREW PEARSONb

weapons lose much of their effec-
tiveness when confronted with jet
fighters or rocket-propelled inter-
ceptors such as the Niki.
BUT ONCE a rocket-propelled
missile is launched it is virtually
unstoppable.
The Air Force admits the utter
futility of depending on intercep-
tors for defense by terminating
production and experimentation of
the Niki and other ineffective in-
terceptors. While the Niki may be
valuable against the Bison or
other jet bombers, it is David with
a broken slingshot when confront-
ed with such a Goliath as a missile
travelling two or three times the
speed of sound.
One solution to the problem
would be to wipe out all enemy
missile - launching b a s e s. T h e
United States is striving for the
protection that can come only if
the Communists know we are
capable of immediate retaliation
with rockets carrying nuclear war-
heads.
The guided missile is, then, its
own counter-weapon. It is ulti-
mate in that nothing can stop it
once it has been launched; but it
is limited in that once it is pos-
sessed by all major powers, fear
of retaliation will prevent its ever
being used as a weapon.
LOSSES STEEP:
Stocks Turn
Downwuvfard
NEW YORK, Sept. 24 (AP)-An
advance at the start lost its steam
and the stock market turned
downward again today.
But trading was slow as pivotal
issues took losses ranging from
fractions to 3 points or so.
For a while it looked as if the
market would resume its rally of
Friday but prices began to weaken
within the first hour. By early
afternoon they were irregular. As
the session wore on losses became
steeper but most pivotal issues re-
treated narrowly.
Volume totaled 1,840,000 shares
compared with 2,100,000 Friday.
The Associated Press average of
60 stocks declined $1.40 to $178.20
with industrials down $1.80, rails
down $2.10 and utilities down 30,
cents.
The dip in the average was the
same as Friday's gain.
This meant an estimated loss of
about $1,600,000,000 in the quoted
value of stocks listed on the New
York Stock Exchange, erasing an
equivalent gain made on Friday.
There are four things to be
feared in life -- earthquake, fire,
thunder, and the wrath of an an-
gry father.
.-Japanese proverb

The New Party Line

L ONG OVERDUE in the light of recent events,
the United States Communist. party has
renounced its advocacy of the use of force to
establish a new regime in the U.S. Not re-
flecting the general policies of the Kremlin,
the Communists now consider themselves an
educational league rather than a group of
liquidationists.
The only surprise is that this was not done
sooner. It is two years since the Kremlin
announced its now well-known 'soft' policy and
one wonders why America communists were so
slow to recognize its possibilities.
But even if the approach has changed, most
assuredly the aims remain what they always
were-and the Reds are the first to admit it.
Communist literature still overflows with talks
of trusts, imperialists, enemies of freedom, and
the establishment of a egolitarian order.
THE NEW APPROACH merely makes the
Communists more dangerous. Now that they
no longer advocate the violent overthrow of
the government, they can no longer be prose-
cuted under the Smith act. This legalizes--
or opens the way to legality-any communist
literature that does not violate the standard
codes of journalistic practice.
It is not hard to imagine how a flood of

subtle literature could undermine U.S. support
of a particular foreign policy. As was illus-
trated in the period 1935-1937, the effects of
such a campaign are not unimportant. In that
instance, many pro-German organizations
flooded the country with pacifist and Anti-
semetic literature, undoubtedly contributing to
the delayed arousal of U.S. public opinion.
But the biggest advantage gained by this
shift in policy is that Communist leaders in
the U.S. can no longer be Jailed under the
Smith Act. By removing violence from their
doctrine, the Communists have at the same
time removed the hands of their greatest
enemy, the F.B.I. Arrest under the Smith Act'
can now only be done onan individual basis.
Proved leaderships of the Communist Party
can no longer be considered a crime.
Another consideration is that the Communists'
move has showed the relative uselessness of the
Smith Act-one of the least liberal laws on
the federal law books. When this law was
enacted many felt that it would merely drive
the Communists underground and make them
more dangerous.
INDEED, that is exactly what happened.
But even worse, it has shown them the
advantages of respectability.
-DAVID GELFAND

WASHINGTON-The Stevenson
brain trust isn't advertising it,
but they had a certain amount of
trouble getting their candidate to
come out and pin Eisenhower Ad-
ministration mistakes on Eisen-
hower himself.
At first Adlai ducked away from
this, didn't want to tangle with
the President.
His advisers warned, however,
that no president could be divorced
from either his party or his ad-
ministration, and that Ike was
just as much responsible for the
mistakes of his cabinet as Truman
and Roosevelt were for theirs.
They also warned that Stevenson
couldn't possibly win unless he
aimed for the political heart of the
GOP, namely Ike himself
Stevenson finally bought this
advice, though he was obviously
unhappy about it, didn't even like
it after his first speech pinning
GOP responsibility on the GOP
president.
ADLAI'S ADVISERS have not
been able to budge him on an-
other campaign issue, however,
namely Suez. They have pointed
out that the Dulles-Eisenhower
mistake in picking Colonel Nas-
ser as the friend of the U.S.A. and
in urging the British to get out of
the Suez area in 1953 when the
Eisenhower Administration first

took office is just as serious an
error as any the Democrats made
re Red China.
They believe that both Dulles
and Eisenhower should be charged
with fumbling and blundering in
the Near East.
However, Adlai has ruled that in
the interest of national security
and a bipartisan foreign policy,
Suez should not be made a cam-
paign issue.
* * C
WHILE RACE riots occupy the
headlines, one unsunggroup is
quietly making progress toward
better race relations. This is the
President's Committee on Govern-
ment Contracts, which enforces
fair employment standards among
companies doing business with Un-
cle Sam.
In Chicago, the committee help-
ed Mayor Richard Daley with
companies that had notified em-
ployment offices they would not
hire Negro or Jewish workers. A
dozen companies with government
contracts agreed to adopt a non-
discrimination policy. Chicago's
Federal Reserve Bank also agreed
to hire Negro clerks for the first
time, after Mayor Daley called a
meeting of leading businessmen
and asked their cooperation in
ending race discrimination.
In Washington and Baltimore,
the committee sent John Roose-
velt, the late FDR's son, to talk

to telephone company executives.
Presidential aide Max Rabb also
applied pressure from the White
House. Together they persuaded
the company to hire Negro tele-
phone operators.
In the south, GOP leader John
Minor Wisdom of New Orleans
persuaded Shell Oil Company to
revise its personnel policy and of-
fer Negro laborers a chance for
advancement. This has set a pat-
tern for all the major oil refiner-
ies below the Mason-Dixon line.
It's a long-range program that
will take education and training,
but the committee has undertak-
en it without fanfare.
* * *
TOM KENNEDY, right-hand
man of John L. Lewis and no. 2
man in the United Mine Workers;
has written a blistering letter to
Congressman William Green (D.,
Pa.) accusing him of stopping Sen-
ator Kennedy of Massachusetts
from getting the Democratic Vice-
Presidential nomination . . . Tom
Kennedy and Sen. Jack Kennedy
are not related. But Tom Kennedy
of the Mine Workers claimed Con-
gressman Green knifed Senator
Kennedy by reporting in Chicago
that he'd voted for the Taft-Hart-
ley law: This swung enough la-
bor votes away from Kennedy to
stop his nomination.
(Copyright 1956, by Bell Syndicate, Inc.)

DAILY
OFFICIAL
BULLETIN
The Daily Official Bulletin is an of-
ficial publication of the University of
Michigan for which the Michigan Daily
assumes no editorial responsibility. No-
tices should be sent in TYPEWRITTEN
form to Room 3553 Administration
Building before 2 p.m. the day preced-
ing publication.
TUESDAY, SEPTEMBER 25, 1956
VOL. LXVII, NO. 6
General Notices
The following persons have been se-
lected as ushers for the Choral Union,
Extra, and Lecture series at Hill Audi-
torium for the coming season and will
please pick up their usher tickets at
aill Auditorium on Tues., Spt. 25 at
5 to 6 a.m.
Jane Abeshouse, Carole Adams, Dor-
othy Alaben, Marilyn Anderson, Rob-
ert Charles Anderson, Robert Andrew,
Reed Andrew, Gloria Anteb, Janice
Anspach, Calvin Ashford, Robert Wil-
liam Ashton, Ellen Austin, Janet Ast,
Leila Bachman, Janet H. Baler, Carl
Ray Balduf, Laird H. Barber, Linda
Bates, Harriett E. Beach, Linda Jean-
nette Beatty, Frederick W. Becker, Has-
mig Berberian, Carolyn Berowit, Mar-
garet Elizabeth Berry, Dorothy Berting,
Barbara Best, Margit B. Beutel, Yolanda
Bolach, Marie Bourbonnais, Florin
Bolt, Barbara Ann Boss, Edward Blun-
dell, Korine M. Brieloff, Seymour Brie-
1off, Mary Jane Briggs, Evangeline Brod-
erick, Marjorie Anne Brooks, Beverly
Jean Brown, Stanley Davis Brown Nan-
cy Bruneau, Joyce Audrey Buckles, June
R. Buening, laine Burr, Elizabeth Bur-
roughs. Alice Burton, Sandra Ann By-
ers, Donald B. Carlsen, Betty virginia-
Carlson, Janet Carlson, Robert Carr,
Robert W. Carr, Simon F. Coleman,
Mary Lue v. Condon, Margaret Conn,
Gordon Grant Cosby, Shirley David,
Robert Gerald Denison, Marjorie Ruth
Dexter, Tula Diamond, Ruth Dickstein,
Daniel Docks, Richard H. Donner, Erma
H. Donner, Sonya Douglas, Arlene Drey-
fus, Alice Dutcher, Dale Dykema, Shir-
ley Dykema, Margaret 'A. Eddie, Bar.
bara Edgecombe, James J. Edmonds,
David L. Effron, Helen M. English, Irv-
ing Newton Ennis, Doris Ann Esch, Jane
Etherington.
Joan Fairbairn, Laurice Ferris, Bar-
bara A. Fiedrich, Robert Fischl, Ruth
Fischi, Marcia E. Fitch, Willoughby
Fouts, Barbara Ann Fox, Stephen S.
Fox, Jean E. Fraser, Emerson G. Funk,
Irene v. Funk, RalphGRobert Funk,
Eleanor Ganger, Joan G. Gann, Janet;
Mary Gardner, Helen Jane Geiger, Irma
Glauberman, Elaine Glover, Shirley A.
Gosling, Barbara E. Gratke, Marilynn
Guillaume, Gatrin-Maria Haas, Roger
L. Halley, Lewis D. Hamburger, Judith
Barger, Ibraharn °A. Hazima, Dewey
Heetderks, Marilyn Heetderks, Louis E.
Hemmers, Joyce Henricks, Robert, Hill,
Llewellya W. Hillis, Dorothea Hinderer,
Jane Hodgson, Carol Mary Hogle, Ter-
esa Holtrop. Donald H. Huldin, Lois
Euldin, Patricia Irene Hummel, Barbara
Joan Humphrey, Virgil Ralph Hutton,
Mary Jane Hynes, Agnes Imus, Daniel
Bruce Jackson, Kenneth Tage Jacobson,
Pierre Janin, Carl D. Johnson, Marion
Johnson, Diane M. Kaiser, Constance K.
Kamii, Herbert Karzen, Margaret J.
Kasmarick, John Robert Kelly, Joan
Kinsey, Seymour Kleinberg, Carol Klep-
pinger, Karen Knudsen, Dolores Kovac,
Joan Krashin, Manuel Krashin, James
Lafferty, Nancy Lelep, Robert Mitchell
Levin, H. Kirke Lewis, Nancy Sigrid
Link, Stuart Lipschutz, C. Ann Litwin,
George Litwin, Wseley E. Loos, David
R. Luce, Carole G. MacAlpin Margaret
E. McCarthy, John D. McFadyen, John
Cecil McHale, Jack McKenzie, Patricia
Ann Meveiga, J. David Marks, Jane
Marks, C. D. Martenson,
Winnie Martin, Lucana Marquardt,
Barbara G. Mattison, Jon Christian
Maxwell, Mary Jo Messinger, Warfeild
Moore, William J. Moore, Mrs. W. J.
Moore, Keith A. More, Mimi Moreland,
Lios A. Morse, Philip Martin Mulvihill,
Paul Mundinger, Jean Murray, Joan
Kathleen Murray, Jeanne Nagel, Ruby
Najjar,, Dietlind Nixdorf, Mary L. Nix-
on, John Novick, Donna K. Noyes,
Marian M. Oakes, E. William Oakland,
Mrs. E. W. Oakland, Robin T. Oliver,
Joan Skerry Olsen, Elissa Panush, Mad-
eleine Pap, Michael Papo, Ilene Pavlov,
Georgeann Pearce, Carolyn Ann Plot-
rowski, Caroline Poertner, David M.
Price, Margaret Ann Randolph, Alton
W. Ray. Patricia J. Ray, Ellen Reit, El-
len Joan Richard, Mary Lou Richards,
Donald Donald Ridley, Richard Ernst
Rieder, Larry Robinson, Sara Jeanne
Ross, Erhard W. Rothe, James Sams,

Helen Feder Sarbey, Alex Sarko, Anne
Martha Saxon, Michel Schiff, Charlotte
Schwimmer, Kenneth C. Shaw, Shirley
S. Shaw, Marilyn Shields, John L.
Shields, Theodore H. Shiff, June Elea-
nor Shoup, Ethel Barbara Siegel, Tho-
mas D. Skinner, Lois Ann Sladky, Bar-
bara Lynn Smith, Jerome M. Smith,
Marilyn Kay Smith, Ralph H. Smith Jr.,
Sandra Janet Smith, Gustave Stahl.
Emilo J. Stanley, Mrs. E. J. Stanley,
Lois Ann Starke, Janice Stein, Lawrence
Steiner, Sandra Ruth Steiner, Thomas
R. Stengle, Francis M. Stienon, Julian
P. Steinon, Gordon Eugene Strong, San-
dra Task, Elmer Robert Thomas, Mar-
cia Thompson, Norman W. Thompson,,
Patricia Thorsberg, Kit-Yin Tieng,
Aubrey T. Tobin Jr., Margaret Anne
Trussell, Kenneth Tucker, Mila Under-
hill, Jerold Paul Veldman, Mrs. J. P.
Veldman, Patricia J. \Tojcik, Joan Volz,
Herbert Wagemaker, Mrs. Herbert Wag-
enmaker, Hans Hermann Wagner, Mose
Walker, Beverly J. Waterman, Prosser
M. Watts, Seymour Weberman, Law-
rence Weingarten. Stanley Herman

<I

I

McClellan's Conflict of Interest

T E MAN who is conducting the gas and oil
investigations in Washington following the
Natural Gas Bill controversy is directly asso-
ciated with some of the companies he is
investigating.
So reports the Capital Times in Madison,
Wis. The newspaper has discovered from Mar-
tindale's Legal Directory that Senator John L.
McClellan, chairman of the hearings, is a
member of the legal firm of Gaughan, Mc-
Clellan and Laney, Camden, Ark.
Among the firm's clients are Esso Standard
Oil Co., Tidewater Associatied Oil Co., Carter
Oil Co., and Seaboard Oil Co. of Delaware.
The usual policy in such hearings is to
select a chairman with no connection what-
soever with the interests under investigation.
So far, no explanation has been offered ex-
plaining the policy's violation.
THE INVESTIGATION Indeed seems to have
something phoney about it, appearing to be

more intent on soothing public indignation
resulting from the Gas Bill bribery charges
than uncovering any important evidence.
McClellan has refrained from issuing subpoenas
to large numbers of Congressmen even though
Senator Barry Goldwater charged that at
least half the members of Congress received
"contributions" during the debate.
Can anyone expect McClellan to remain ob-
jective when he is so personally involved?
Rather, the investigation looks like a blatant
attempt to whitewash the oil and gas interests,
along with senators who accepted the "contri-
butions."
Whatever the true situation is, one wonders
whether instead of conducting the investigat-
ing, Sen. McClellan should himself be investi-
gated for violation of the principle of conflict
of interest.
-TED FRIEDMAN

LETTERS TO THE EDITOR:
Embezzling, Tickets, Texts Receive Comment

INTERPRETING THE NEWS:
Nasser's Bookkeeping

Almost Inevitable . .
To The Editor:
AS the Republican candidate for
Secretary of State my attention
has been called to the explana-
tion furnished to the newspapers
by the present Secretary of State
as to his reasons for the $80,000
embezzelment by Mrs. A n n e
Thorpe in the St. Clair Shores
branch of the Secretary of State's
office. His explanation is that in a
large business it is "almost inevit-
able that some embezzelment takes
place." It seems to me first of all
that the people should know that
no such huge embezzlement has
taken place in the Secretary of
State's office under any previous
Secretary of State.
His further explanation that this
happened at the peak of license
plate sales when large amounts of
money were flowing through the
license offices is hardly an expla-
nation of this very serious defalca-
tion, particularly when it is un-
derstood that this loss occurred
through the gross negligence of the
Secretary of State's office. The
evidence for this is the fact, not
previously known to the public and
not revealed by the Secretary of
State, that although daily reports
are required from each Secretary
of State branch office, there was a
complete lapse of 6 days in the re-
ports furnished by Mrs. Thorpe
during which no reports of receipts
or. deposits were made to the Sec-
-miorr o Ca .' - fi a t tn- a

Random Distribution".*.
To The Editor:
'THIS is that inevitable time of
year when a rash of gripes
about the football ticket situation
echo and re-echo about the cam-
pus. By the time the first game of
the season takes place these are
drowned out by the tumultuous
roars of "GO BLUE" or "HOLD
THAT LINE" and the individual
with the long-standing gripe swal-
lows his hurt feelings, thinking
that his is onlyha voice in the
wilderness, that his objections to
being unfairly treated will only
fall, like the many autumn leaves,
colorfully but lifelessly to the
ground.
But this need not be true. Those
who are unfairly treated are not
in the minority at all-should they
all raise their voices together, they
are bound to be heard and heeded.
The fact of the matter is that the
priority system, the basic princi-
ple of student seating at the foot-
ball games, is not working; that is,
it is not giving those students with
seniority the choicest stadium
seas.
I am talking about the many
graduate students who have been
here between four and eight years
and who are sitting in section 27
and beyond to the end zone with
the freshmen. And I'm sure this
is no small number, because there
are a great many here on campus
who have been here six semesters

with the unmarried junior under-
graduate students -- supposedly.
But these group 3 tickets, the
''spouse tickets" are given out at
a wisely caged window, set apart
from the rest of the student win-
dows, and there, for some reason,
the married graduate students are
discriminated against by being of-
fered seats in sections 27 to 31,
rather than in sections 25 to 27,
where the rest of the group 3 stu-
dents are seated.
Thus the injustice of being
doubly racked occurs. Not only are
these students dropped a whole
seniority group according to the
rules, but practically they are
dropped down to group 1 with the
freshmen according to the final
seating arrangemnts.Thus, only
unnmarried seniors and graduate
students get to sit anywhere near
the 50 yard line, along with the
influential alumni, past and pres-
ent "athletes" and their friends
and relatives.
The numbers of students who
are adversely affected number in
the thousands, a goodly fraction
of the total student body. Should
they raise their objections togeth-
er and realize they are not alone,
I'm sure they will be heard.
And what should be the solu-
tion? Rather than add rules and
by-rules to a potentially and ba-
sically corrupt, inefficient and un-
fair system, the priority system
should be dropped entirely and re-

Student Plight . .,
To the Editor:
W HILE a large university like
Michigan affords many con-
siderations to the student, its un-
fortunate neglect of its responsi-
bility to establish a bookstore is
glaring. This attitude of indiffer-
ence and disregard is underscored
by the natural result of its remiss-
ness-Ann Arbor's array of high-
priced bookstores.
It is not without dismay that
one walks (in a straight line
flanked by guards and ticket men,
of course) into one of these places.
To obtain one of "those best buys
in town," as one store somewhat
ironically termed it, a U of M stu-
dent must pay premium rates. The
used book. market, by the same
token, is a hoax. Besides the gen-
erally rude atmosphere the un-
lucky student is the innocent vif-
tim of unregulated bookstore
practices. I refer here to the
tripling of price for a text printed
in England.
At such colleges at Columbia,
Yale, Harvard, etc. a more healthy
situation exists. The university-
run bookstores give an automatic
discount to all students, say ten or
fifteen percent. The local shops
quite naturally must compete for
student business by underselling,
and most universities are happy
that the students, with their limit-
ed budgets, are the beneficiaries

,.(

By J. M. ROBERTS
Associated Press News Analyst
BEHIND THE SCENES as Britain and France
seek to push their Suez policies at full steam
is a matter of money as well as principles.
Every day that the discussions delay the final
showdown puts Egypt's Nasser in better shape
at a point where he is weakest-the pocketbook.
Before nationalization of the canal Egypt was
getting about 7 per cent of its take. Now its
about 40 per cent. The rest, paid by countries
which refuse to let their ships pay Nasser, goes
into the blocked accounts of the old Suez com-
pany in Britain, France and now the United
States.

T E OLD COMPANY has no intention of
paying Nasser anything out of these funds.
Nasser has no intention 'of paying off the old
company's shareholders until there is a settle-
ment of the over-all political question of the
canal.
Then he intends to claim the blocked funds
and use them to pay off. Right now they
amount to some 55 million pounds and are
growing.
About 64 million is needed on the basis of
the estimate of share values when nationaliza-
tion was decreed. Thus Nasser, if he continues
to operate the canal for a while, will by his
own bookkeeping get the waterway for nothing.

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