Show Business Leader Supports Hold on Federal Spending BOSTON A BOSTON A national business leader urges out all public support support sup sups port for President Carters Carter's efforts to hold the line on Congressional Congressional Congressional spending excesses and restrain inflation Heath Larry vice chairman o of US U.S. Steel Corporation and chairman of the National Association of Manufacturers criticized recent actions actions by Congress to boost government outlays well beyond the Presidents Presidents President's Presidents President's dents dent's request for or such purposes as farm price supports HEW appropriations and water projects At At Ata a time when Washington Washing Washing- ton is running budget deficits ts of over fifty billion dollars a year the nation and its hs economy economy economy econ econ- omy can ill afford any new extravagances in appropriations Mr Larry declared The results can only add fuel to smoldering inflationary fires Back Dack to the lie Boards BoardsOn On the crucial subject of energy Mr Larry told an anNAM anNAM anNAM NAM regional public affairs c conference at Framingham Mass recently that President Carters Carter's energy advisors should go back to the drawing drawing drawing draw draw- ing boards and come up with witha a national energy plan that will really work He praised the President for alerting the nation to the seriousness seriousness seriousness seri seri- of the energy problem but criticized his approach as sided one and an open in invitation invitation invitation in- in to a new wave taxes and controls Dissatisfaction Congressional committee actions in recent days cle clearly indicate widespread dissatisfaction faction action with the Presidents President's p program Mr Larry said He went on to s say y that the plan by virtually ignoring in incentives incentives incentives in- in for greater US U.S. energy energy energy ener ener- gy production on would make America more dependent than ever on foreign oil producers and accept a foreign cartels cartel's rigged prices as the actual price of the marketplace The NAM Chairman told the public affairs meeting that the administration tion must strive to come up with an energy policy that emphasizes means of Increasing energy supplies as much as its current plan emphasizes emphasizes em em- conservation New Energy Supplies The most effective method for both increasing energy supply and reducing energy demand is to allow the price of energy to be set in a manner manner manner man man- ner free of excessive government government government govern govern- ment controls he concluded Mr Larry said the Carter approach appears to confuse the need to solve the nations nation's energy with a desire to develop more tax revenues and boost welfare spending Windfall Profits If political realities should require some sort of attack on any windfall profits that might be realized through higher prices he went on business could support such an approach approach approach ap ap- ap- ap provided there are exemptions exemptions exemptions ex ex- ex- ex for companies who reinvest the additional revenues revenues reve reve- in developing new energy resources in any form Mr Larry urged business leaders and the public to become become become be be- come more involved in the world of politics because he declared this country is moving moving moving ing relentlessly toward a freedom freedom freedom free free- dom crisis which is every bit bitas as serious as the energy crisis In fact he added our choice of solutions to the energy energy energy ener ener- gy crisis may have much to do with how quickly we face a freedom crisis o RICHEST LOOKING The most prestigious jewelry metal metal metal met met- al a woman can own is rare platinum more valuable than gold It wont won't tarnish or lose its luster it shines and reflects re reo re- re fleets the lights from a diamond diamond and and it lends lends' itself equally well to bold modern and traditional jewelry designs V a I y I Ir r t. t rI I j I y i j 1 jj I jI 1 I j A 1 f s SENATOR ORRIN G G. HATCH and his father Jesse age 72 72 both enjoyed their visit to Vernal Thursday of last lost week The Theelder Theelder Theelder elder Mr Hatch resides In Midvale he has nine children Sen Hatch being the fifth he said sold at the picnic at Merkley Park Pork |