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Show The Paper That Dares To Take A Stand November 13, 1975 The Utah Independent Page ATTENTION MARILYN MANNION MARILYN MANION Unemployment And The Shrinking Dollar Inflationare and unemployment thorns twin caused the airlines to, shall we say, acquiesce to those our demands. plaguing economic side. Everybody is angry about these afflictions but precious few persons are aiming their wrath at the right target for the correct reasons. E.T. Collinsworth, Jr., President of Bliss & Laughlin Industries, lays the responsibility for both ills at Uncle Sams doorstep. Said Collinsworth as he spoke on a recent Manion Forum radio program: History has proven that the result of undisciplined government is inflation. We should look at how this round of inflation got started. It seems that is everyone blaming Since then the government has involved itself in our economy to the degree that now a third of our GNP is involved with t the Federal government and Federal system borrowings, which now account for of all the raised financing through two-thir- ds borrowing markets. for capital situation makes it extremely difficult for our capital to be acquired, which, in my opinion, is one of the most important issues facing us today. We at our company estimate that it requires $46,000 worth of capital investment to produce one This everyone else. I think if we look back on it one of the clear conclusions is that the Vietnamese War policy built up the pressure like the steam on the boiler pot. People forget that business asked President Johnson for increased taxes back at that time because job. could see' the inflationary pressures reserves, pension funds, and corporate retaining earnings. Our opinion is that each of these sources is currently they building up. That was when the famous Butter and Guns statement came out from the White House. Then the lid blew off in July of 196 when the strike againsjme five major airlines was settled with the Machinist Union for a 6.8 percent increase which broke the old 3.2 percent increase guide. That was brought about by tremendous that pressure government opinion, the solution to only long-terthe unemployment problem In my m have increased investment in the key is to industries of our nation. Our only sources of capital are private investors, corporate depreciation discouraged being by government tax policies. Profits, net after taxes, is one source of capital or cash for increased capacity. Dear Marilyn Manion: 1 was very surprised at your lack of knowledge about the Minuteman missile systems and their localities or perhaps you hesitate to tell the whole story. The first impression 1 received is that there are only 150 Minuteman missiles in the country. This concept is not only misleading, but also totally false. For ten years I lived and moved with the Boeing Company in their construction of the Minuteman missile sites. In addition to the 150 sites at Grand Forks, N.D. (emphasis on the s), there are 150 sites at Minot. N.D. for a total of 300 alone in North Dakota. Montana boasts 300 sites from Lincoln Pass through Great Falls to Lewistown. Wyoming and Nebraska have a combined total of 150 sites. Butler and Sedalia, Missouri, have 150 sites apiece. Belle Fourcheand Rapid City. South Dakota each have 150 sites. All of these Minuteman missiles are manned and operative by the United States Air Force. Those missiles that dont have multiple warheads are now being converted to that system. Boeing has 1500 field employees in six states in the Minuteman missile wings. They work exclusively in construction of the sites, launch control centers and installation of the control consoles. Forty percent of the employees are hired through local agencies at each complex. Each and every person must pass stringent security measures and are investigated by the United States Naval Intelligence Division. To say our token defenses depend on a few ABMs to protect 150 missiles is in itself ridiculous. Our Minuteman missiles are not have increased capacity, were not going to have jobs available for all of the new workers coming into the work force. We know if we dont get increased profits, were not going to be able to handle the requirements for jobs. Watch this column next week for Mr. Collinsworths IM TOO YOUNG TO DIE! not - capital. for Conventions Business Meetings Luncheons Dinners and that Out Of Way Features ' n e wl y weds, operating on a budget, looked limited at an apartment in a very seedy neighborhood. Being concerned for their safety, they asked the landlord how long it would take to walk to the police station in case of an emergency. The landlord replied, I really dont know. Nobodys ever made it. -- Dorothea Kent The Family Weekly from .planes and submarines.. .missiles buried in silos both in land and in the sea. If you want to paint a black and dreary picture for the American populace, tell them there are more than 1000 missile sites buried in our midwest that are not protected by the ABMs. But you might also tell them we have a Distant Early Warning (DEW Line) Alaska and system through Canada for spotting attacking planes and ICBMs coming over the polar regions: and that there are countless military and civilian installations designed exclusively for this purpose all over our country. Can you imagine wiping out these sites 100. It is not possible. With our security defenses our heat seeking missiles could be launched long before ICBMs would cross our countrys boundaries. Failing that Minuteman missiles would be launched literally in 60 seconds. But if it ever comes to this, we wont have to worry. The resultant destruction and fallout will toll the bells of complete annihilation for More Union Take-Ove-r The Federal Election Commission gave organized labor the to use dues money to finance ad go-ahe- blatantly partisan voter registra tion dri ves. The signal came in a decision involving the Associated Milk Producers, Inc., but its significance was not missed at the AFL-CICommittee on Political Education. The commission upheld the AMPI practice of spending strategists by O sums huge for voter registration drives designed to help particular political friends. Such drives have been a major union weapon for many years and the Election Commission has now upheld their legality. -- Human Events the earth. Cordially, Swearing is the sinful Mrs. Gary (Sandra) Holland Rock Springs. Wyoming 82901 cents bewildered before the judge, explanation of the' government how exactly discourages sources of much needed and job creating --- American milliles. We have air to surface missiles, missiles that can be launched The crutch of conversational cripples. LEGALIZED THIEVERY thief stood The detailed STOP ABORTION of land area. Some are two or three hours drive from the Air Force Base that commands them. The security measures of these sites are so sensitive that even a sparrow landing on the fences will register. To say that we are helpless Our hostages is really unfair. defenses dont depend on ABMs alone, and not only on Minuteman Can I Keep It? dont If we all lumped together nose to nose for one 1CBM to knock out. They are scattered over miles and miles Case Of Emergency In si.01 understanding the proceedings. Finally the lawyer tola him that he was acquitted. What does that mean? asked the thief. It means you are free to go. You are not guilty, explained the lawyer. What about the stuff I stole? asked the defendant, does that mean I can keep it? wish to preach, not the doctrine of ignoble ease, but the doctrine of the strenuous life. I -- Theodore Roosevelt Town Guest WE SERVE YOU 1940 BETTER Space is Still Available for Silver and Gold THE HOLIDAYS Hotel Newhouse St Fourth South Salt Lake City, Utah 84101 Any Quantity Telephone (801)533-860- 0 (800) i 453-462- TELEX 7 388-43- 5 Answer Back Newhouse S.L.C. MONARCH COIN CORPORATION 211 East 3900 South Phone :: : Salt Lake City, Utah LjMI I960 1970 74 w COINS Main 1950 262-587- 4 -- - !) J If you had put a dollar in a safety deposit box in 1940 and had kept it there until 1974, three fourths, 75 percent, of the value of that dollar would have been eaten away by inflation. Inflation, which reduced the buying power of the dollar to 24 cents, is the direct result of irresponsible deficit spending by the federal government. Inflation is, in fact, legalized thievery engaged in by Congress and the federal bureaucracy. -- American Association of Physicians And Surgeons Newsletter |