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Show arte r jgfs Holds With Meirtdtafdry Centre! w through Thursday with a 28 per cent chance of showers for the Provo to Ogdea arrt; light winds; lows tonight nesr 40; highs Thursdays is the mid-4- - President Carter, widening the gap between himself and President AFL-CI- 105TH YEAR, NO. 80 PROVO, UTAH, WEDNESDAY, NOVEMBER O George Meany, today rejected the labor leader's rail for mandatory wage-pric- e controls, calling the idea "a very bad thing to do." In a speech by telephone to an forum in St. Louis, Mo., Carter said he is "determined" to wage-pric- e guidelines work: "It will be my top responsibility on domestic affairs in the months ahead," he said. "I do not intend to see it fail." In bis opening remarks, Carter called mandatory controls "a very bad thing to do and which I do not intend to do." On Tuesday, Meany asked Carter to call a special session of Congress after the elections to enact mandatory controls. He said the voluntary program is unfair to labor. Treasury Secretary W. Michael Blumenthal, speaking to White House reporters, also rejected today Meany's demands. "We certainly hope that labor as well as business will collaborate with the voluntary programs the president has laid out," Blumenthal said. "The last time we had controls, it led to a very severe recession. We certainly don't believe those kinds of distortions in the American economy are appropriate at all." Blumenthal said the administration hoped that the kind of support it has been led to believe it will get from business "will lead labor unions as they conduct their negotiations in the coming months will be equally supportive." Labor Secretary Ray Marshall predicted the administration would succeed in spite of Meany's stand. "I continue to expect that everyone By United Press International The U.S. dollar soared dramatically on the European money markets today within an hour after President Carter announced measures to counter the dollar's decline. Gold fell sharply. The dollar shot upwards a fantastic f y ffj. sion. "We now believe the time has come for mandatory, legislated, economic controls," he said, adding they should cover not just wages and prices but all types of income profits, dividends, rents, interest rates, executive compensation and professional fees. He even rejected the "real wage insurance" provision of Carter's program, included in the hope of winning labor support. That provision, if approved by Congress, would grant tax rebates to those adhering to wage standards in any year inflation exceeded the 7 percent lid. Meany said if Carter fails to heed his advice, labor will go directly to Congress when it reconvenes in January. Meantime, he gave little on Page 3) Peace Talks Hinge on Crucial Meet (UPI) - Israeli Minister WASHINGTON Moshe Dayan said y Foreign the Egyptian-Israe- li peace negotiations are almost completed, but that the outcome depends on an important meeting Thursday between Secretary of State Cyrus Vance and Prime Minister Menachem Begin. After i meeting with Vance at the State Department, Dayan was asked by reporters if the treaty was all wrapped up. He answered, "Well, almost." A senior member of the Israeli delegation told reporters that he expects the negotiations to be completed by the middle of next week. Cayan said the Israeli delegation does not have a mandate to make certain changes in the Israeli position. He added: "Those heavy and important matters will be discussed with the secretary of state Thursday morning with the prime minister." Begin is in New York to receive an award from the Council of Churches. Thursday's meeting was expected to be dominated by the controversial issue of Jewish settlements on the Jordan's West Bank. In addition, a member of the Israeli delegation said, "The issue of money is high on the agenda." The Israelis have been preparing a list of their financial requirements for the costs to be incurred in pulling out of the Sinai, and President Carter promised that he would give the request serious consideration, although he made no further formal commitments. Israeli estimates of the costs, to be at least partly absorbed by thj United States, run as high as $4.5 billion. to-Ja- one-hou- r, Bulletin Extension of the deadline for payment of 1978 property taxes hri been confirmed by the Utah County Commission, it was announced today. The deadline, which normally comes on Nov. 30, has been extended to Deo ?5 at i. noon. $4.50 PER MONTH THE OLD Academy Hotel sign was removed from the front of 55 North University Avenue today as the first step In proposed $4 million renovation of the downtown Provo Business District, Provo Mayor Jim Ferguson, center, steadies a guide rope lowering the sign; on the ladder is attorney Craig M. Call, one of the partners of Provo Square Associates, T.n project developers. Looking on from the far left is partner in the project, Charles Shepard. meeting will be conducted by the Provo Library Board of Trustees, tonight at 7:30 in the library conference room, according to Board Chairman Kent Lott. The library is at First East and Center. "We are inviting the interested public to attend and ask questions about plans for a new library," Mr. Lott said. "The board will convene their regular meeting and then be available to talk about' the plans and the ' need for a new facility." The public meeting coincides with a three-da- y open house at the library which began today and continues $4 Million Downtown Provo Renovation Project Planned By JACK EMMERSON Plans for a $4 million renovation of the downtown Provo business area were revealed today, as city officials and representatives of the Chamber of Commerce gathered on North University Avenue to witness Mayor Jim crowbar Ferguson wield a to inaugurate the process. Provo Town Square Associates, a local development group, has acquired control of the area through ownership, option and long term lease, of the majority of commercial structures located within a half block of the intersection of Center Street and University Avenue. Proposed restoration and renovation of the storefronts in this area with a of the century" theme will include the alcovering and climate-controlliley which connects the interior of the block behind Zion's Bank to provide an enclosed mall opening west near the rear of Central Bank and Trust, a spokesman said. It is anticipated that about 60 to 80 commercial establishments will locate in the area, on four levels of restored space. New elevators and escalators will make previously unused space more accessible, under the proposal. The prime retail emphasis will be on gold-paint- HERALDing the local market; consequently a fanner's market, Erescription drugs, establishments and moderately-price- d clothing stores will be included in the development, it was stated. There are also plans to cater to the increasing number of professional and business men who require downtown office space. Provo Town Square Associates is a partnership of three men, Craig M. Call, a local attorney and restorer of pioneer buildings; Chase Shepard, real estate investor and sculptor, and Stephen D. Nadauld, financial consul- tant. Addressing a large gathering at 55 North University Avenue, Mr. Call said, '.'while this project will not make all the changes necessary to guarantee Provo a glorious future, it will dramatically improve Provo's image; it will add unified support to sales promotion and marketing, and give a boost to the efforts of all merchants in the area to create additional parking." He went on to say that every effort will be made to accommodate merchants already located in the property under control of his company. "We feel positive we can relocate them within our renovated facilities with ease," he said. the News Provo Mayor Jim Ferguson assisted with the removal of an old sign from ihe building at 55 North University which at one time housed the Provo Meat Packing Company, and he then went to work with the golden crowbar to take the first step in ripping off the facade. buildings latter-da- y "I often get an opportunity to participate in ceremonies marking down with the old and up with the new," said the mayor, "so this is a great occasion to take part in the first step of renovating these fine old buildings." According to Mr. Call, his organization will have about 45,000 square feet of space available for remodeling projects during the next two to three years. "These landmark buildings, mosuy built between 1880 and 1905, will be completely restored and rehabilitated to ultimately provide a complex of 100,000 square feet of concentrated retail, office and entertainment space," he said. "Although every building within the historic area was not acquired, 82 percent of the period store fronts are now under the control of Provo Town Square Associates." Mr. Call expressed his appreciation to the property owners and tenants in the area. "We have been working on this for over two years, and because the owners have allowed us to assume control of these properties under reasonable terms we see a new opportunity for Provo," he said. - PRICE 25 CENTS Iran Airline ters that are concise and whose subject matter hasn't been previously covered in other letters. The Herald's "campaip corner" continues to provide enlightenment on candidates who will appear on the election ballot. See Pages 5 and 39 for today's articles. In sports, you'll be especially interested in the story on Page 6 of Ron Guidry's receiving the Cy Young award for pitching. Guidry led the New York Yankees to the American League pennant. The Yankees also won the World Series. Among other features in today's Herald you'll want to turn to Page 35 for ar series of pictures on ghouls, ghosts, and impersonators who were abroad in the community yes'rday, Halloween Day al should be built. "We encourage the citizens to attend tonight's public meeting, and to ask questions. We would like this matter to be voted on by an informed citizenry," she concluded. Full Viet Relations - fact-findin- Thai request Employees Join Strike Iran (UPI) - Employees airline walked Iran's state-ru- n turned aside a that U.S. diplomatic politely recognition of Hanoi be held off until next spring after a meeting of foreign TEHRAN, of with Vietnam within two months, a senior American involved in negotiations has told Thai officials. Thai Foreign Ministry sources said today that Richard Holbrooke, Assistant Secretary of State for East Asia and Pacific Affairs, told them of the Washington decision in discussions last week. Holbrooke, who left for Burma Tuesg visit to day, was on a Thailand and briefed senior Thai officials. The Thai sources said Holbrooke was specific in his statement on American relations with Vietnam. Washington and Hanoi have agreed to have full relations before the end of the year, Holbrooke reportedly said. A spokesman at thp U.S. Embassy in Bangkok said he could not confirm or deny the report. He termed it "speculative." off Financial experts in all three countries and on Wall Street heaped praise on the Carter announcement and a London dealer for the Chase Manhattan Bank said, "it's like a breath of fresh air" after months in which the dollar reached record lows on all major world money markets. "This is the sort of action for which we've been waiting so long," one Zurich dealer said. "It should have come sooner." "They did it all at once," said James E. Sinclair, a New York monetary analyst. "And the measures were strong they'll buy time for the administration to correct the fundamenPromises of support came from the finance ministries of West Germany and Switzerland and the Germans said the Carter move "underlines the determination of the American government to fight inflation." Wall Street responded en- thusiastically to the measures. At Noon, the Dow Jones Industrial Average, was up 20.87 points to 813.32 in heavy trading. The Frankfurt Currency Exchange fixed the dollar at 1 p.m. (7 a.m. EST) at a median 1.7735 marks. By late afternoon, the dollar shot up to 1.87 marks. Swiss dealers and bankers reacted immediately to the President's announcement, raising the price of the dollar by 7 full points from 1.5025 Swiss francs in the morning to 1.5700 francs in the afternoon. Emergency Monetary Steps Taken (UPI) - President Carter WASHINGTON today took emergency action to halt the steep slide of the American anti-inflati- The BANGKOK, Thailand (UPI) United States intends to establish full relations the day. dollar abroad, prompting an immediate gain in the value of U.S. currency on European money markets. The dollar's sharp decline "is clearly not warranted by the fundamental economic situation," Carter told White House reporters. "That decline threatens economic progress at home and abroad and the success of our program." U.S. Plans diplomatic $23.37 since Tuesday and $19 12 for tals." through Friday, each day from noon until 9 p.m. City Commissioner Anagene D. Meecham, a member of the board adslide vised that a special audio-visupresentation on the library needs of Provo will be throughout the open house period. This presentation has been taken to various civic and social organizations in Provo in recent weeks. It describes the library's history and its current status as well as plans for the future. Voters in Provo are being asked to approve a $4 million bond issue during the general election next Tuesday, to be used to build a new library. that Mrs. Meecham should the bond issue be approved by the voters, the Library Board will be very pleased to work with a citizen's committee to determine the exact nature of a new library, and to seek out public input into what kind of a library Holbrooke Family Section, Letters, Ghosts, Politics They're All in the Paper Today The Herald today presents its annual Family Life section 40 pages of articles, pictures, and other items published in connection with Utah Valley Family Month National Family Week which come in November. One of the special features is announcmenet of winners of the Herald's essay contest for high school students held in connection with the observance. You'll want to read and keep the section for future reference. A newspaper serves as a sounding board for public opinion and the readers are writing these days. Letters to the editor appear on pages 22, 23, and 24. The deadline for any letters to be published prior to the Nov. 7 election will be Friday night. Preference will be given let West German mark in hectic trading on the Frankfurt money exchange and there were dramatic rises against the British pound sterling and the Swiss franc. Gold prices fell sharply on the Zurich market to $220.50 an ounce a drop of Library Proposal To Be Discussed In Provo Tonight A public V; 54 percent against the Public Invited Wh will respect the everyone guidelines President Carter has proposed," Marshall said. "We will not hesitate io use our full authority to encourage compliance with these guidelines." Meany said labor disliked controls, but likes even less the threat of continued runaway inflation and a reces 1, 1978 Dollar S Action by (porter anti-inflati- make his voluntary s:ni i:k Partly cloudy at timet Voluntary Guidelines WASHINGTON (UPI) Bdeea of the Association of Southeast Asian Nations, which groups Thailand, Singapore, Malaysia, In- ministers donesia and the Philippines. Treasury Secretary Michael Blumenthal said the dollar's drop "has gotten out of hand. It must end and will end." Within minutes of the decision to boost interest rates, increase U.S. gold sales and enter into a $30 billion "swap" agreement with major foreign banks, the dollar registered a large, 4 percent improvement in hectic trading on the Frankfurt, West Germany exchange. In a span of three hours, the dollar shot up in worth from 1.77 marks to 1.85 marks. Swiss dealers and bankers priced up the dollar by seven full points from 1.5025 Swiss francs to the dollar in the morning to 1.5700 francs. The value of the dollar has fallen 18 percent over tiie past year in relation with the currencies of the world s other major industrialized nations and 7 percent during the past month alone. Last week, Blumenthal warned dollar speculators that "sellers of dollars will encounter stiff resistence" from the United States. The new dollar rescue package is intended to put those "sellers" on notice that the United States is now prepared to back up its currency with strong and forceful action. The main problem with the dollar on Page 3) Uganda Captures Slice Of Tanzanian Territory the job today, joining an estimated 40,000 oil workers whose strike shut down the nations $20 billion a year petroleum industry. Striking Iran Air employees anNAIROBI, Kenya (UPI) Uganda nounced they had stopped work to join announced today that President Idi an opposition-le- d "solidarity Amin's invasion forces have captured movement" against the government. 710 square miles of Tanzanian territory Like the oil workers, they presented and Uganda has now annexed the airline with tough political detip of its East African mands, including an end to martial law neighbor. in Tehran and 11 other cities. In the first direct confirmation of the The strike grounded Iran Air's Ugandan attack, Radio Kampala said domestic and international flights and in a special announcement that the inaffected service through Tehran by vasion was ordered by Amin and the other carriers. nation's defense council as a Newspapers put the number of dead "retaliatory" measure for a Tanzanian in Tuesday's urban disturbances at 23 attack into southern Uganda. The radio said the Ugandan forces with scores others injured. - have captured 710 square miles of Tanzanian territory west of Lake Victoria. It said the Tanzanians held 400 square miles of Ugandan soil. Calling the attack "a record in world history," the broadcast said that the defense council decided that the new border between the two countries would be the Kagera river, giving the Ugandans a triangular slice of northwestern Tanzania. The Kagera river runs an irregular course across the northwestern tip of Tanzania. At its farthest point, at the (Continued on Page 3) |