OCR Text |
Show JL Vs 2A VS7, i DESERET NEWS, Monday, February 5, 1 973 People Hold Budget Line . r Face WASHINGTON (UPI) -Any additions by Congress to President Nixons . proposed $268.7 billion budget would lead to tax increases and more inflation, Treasury Secretary George P. Shultz testified today. If Congress hold down spending, the increase in consumer prices will slow to 2.5 per cent and unemployment will drop to about 4.5 per cent in the yearr beginning July 1, Shultz told the House Appropriations Commit- tee. order to prevent In cooperates to resurgence of inflation, and to prevent also an increaeein taxes, we again need close cooperation between the Conand the executive gress branch, Shultz said. Herbert a Stein of the Council of Economic Advisers appeared at the hearing to justify the administrations budget requests. The issue of congressional appropriati ons and White House refusal to spend some of them has become one of the main points of contention the Democratic-controlle- d Congress and the Republican administration. Sen. Edmund S. Muskie, DMaLne, suggested Sunday that Congress resort to crude means in its contest with the executive branch, while White House adviser John D, Erlich-ma- n defended President Nixons refusal to spend money he considers unnecessary. In his prepared testimony, Shultz called for cooperation between Capitol Hill and the White House. Such cooperation is vital to preserve the integrity of fiscal policy, he said. ... Only this way can we maintain a healthy economic environment in which the economy can grow, the number of unemployed can be reduced and the rate of inflation can continue Okay, let's see both your licenses!" BYU Climber 4 Found Alive members of the ARGENTINA MENDOZA, Young (UPI) A Brigham University student and three other climbers escaped the fate that claimed the lives of two of their companions in an Mt. Aconassault on 22, Jan. eight-memb- If we fail in this endeavor, federal spending soars beyond full employment revenues, it cannot help but lead to more inflation or more taxation or both. 19. Views FTC As Friend Two members of the group returned to their base camp before the final assault. The other three survivors were identified by Mrs. Car-- , mie DeFoe as Dr. James Petroske, and Arnold McMil-liaand William Zeller, 45. Mrs. DeFoes husband, Dr. WASHINGTON (UPI) -Carmie DeFoe Jr. was the White House lawyer Lewis a. climb leader and one of the Engman, President Nixons members who turned back choice for chairman of the Federal Trade Commission, early. The group was attempting to told the Senate Commerce climb the Polish Route, Committee today he hopes the expecting to take 10 days to FTC can become a more acreach the summit of the tive friend of the consumer. mountain considered the deadEngman told a confirmation" liest in the Western Hemihe feels a very deep hearing sphere. The team left Miami, sense of to responsibility Fla., Jan. 14. maintain my own independence and integrity, and he favored giving the FTC power to cagua, Latin Americas highest mountain. John Shelton, 25, Newberg, Ore., and president of the BYU Alpine Club, was one of Of Consumer four survivors brought down the mountain Sunday and taken to a mountain outpost at Punta de Vacas after being treated for shock and sunburn. But still up on the mountain were the bodies of Jeanette Johnson, 30, and John Cooper,. 35. They were last seen Saturday, lying immobile at the bottom of a glacier, the survivors told a mountain patrol. The patrol searched Sunday for the bodies of the two Americans who apparently fell to their deaths after climbing to the top of Mt. Aconcagua. Cooper and Miss Johnson fell after becoming the only Solon To Probe Financing Plan Railroad Finance PHILADELPHIA (UPI) -The Penn Central Co., the par- seek temporary court orders to enforce its rulings. - Sen. says the Treasury Department may have thwarted the will of Congress in the way it is handling the presidential campaign financing plan. We plan to look into this very carefully in the Finance Committee, Long said. They may even have violated the law. WASHINGTON Russell B. Long, ent firm of the bankrupt railroad, has issued $67.4 million in notes to refinance a loan made in the final days of the solvency. Seckliti . if. expedition to make it to the top. The group, members of the ivfazamas Club of Portland, Ore., started their climb 834-fo- carriers to slow. . SAND GRAVEL IiiM.Cant.Plartr (AP) Long, the committee chair- man, said he was concerned over a decision to put the plans checkoff box on a separate sheet and not on the main income tax form. smtus otm Advertising IS FAMILY MONDAY m rJf i REG. $1.25 DINNER BOX 0 0 34 one uTah E. First South Circulation 143 S. Mam St. Salt Lake City, Utah 84110 Established Jino IS, 1850. Published each evening. Second class postage paid at Sait Lake City, Utah. The Deseret News Publishing Com pony ossumes no responsibility for manuscripts and photographs contrib uted. Photographs and articles may be reprinted only with written permission given in advance. CARRIER DELIVERY RATES h $ 2.25 (daily only) Six months (daily only) $13.50 S27.00 One year (doily only) One month (daily and Sundoy) $ 3.50 Six montns (doily and Sunday) $21.00. One year (doily and Sunday) $42.00 ' MAIL DELIVERY RATES $3.59 mo. Doily (Sundoy by carrier) $2.50 mo. . Doily only $4.00 Doily ond Sunday 6 mo. $4.00 Saturday only vear $6.50 Church News only 6 mo. $2.00 K B moH subscriptions All 3 Louisiana Democrats chose Linda Boggs, widow of former House Majority Leader T. Hale Boggs, to take her missing husband's place in Congress. Mrs. Boggs, 50, crushed four opponents in a special primary election Saturday. She polled more than 70 percent of an exceptionally light vote, leaving her opponents to SDlit up 14,903 of tLe 56,084 ballots cast. She still must defeat Republican candidate Robert E. Lee March 20 in a special election, but since Louisiana is traditionally a solid Democratic state she is considered a shoo-i- Mrs. Ridgeway said. She said the agent who gave her a check for half of the $10,000 policy issued by the National Life Insurance group told her she wouldnt have to pay the money back if her . son was found alive. Sen. Henry M. Jackson, believes the United States should move without delay to establish formal diplomatic relations with China. Jackson said Sunday the step would involve cutting formal ties with Taiwan, but he said he hoped the United States could maintain a mission on the island for communications. Princess Annes boy friend slipped back to England from Germany for the weekend to say goodby before she leaves for South Africa later this week. They went horseback riding. It' was the second time Lt. Mark Phillips has U.S. Pullout Mussolini Sword Sold The silver presentation sword of Benito Mussolini was sold at auction Sunday to Stan- Watchdog Unit Probes Rate Hike In Europe? Heath Leary WASHINGTON (UPI) -Prime Minister Edward Heath of Britain believes the unilateral withdrawal of some of the 300,000 U.S. troops in Europe might force a number of West European nations to make a deal with the Soviet Union. If the United States withdraws, this would encourage the Soviet Union to use its influence in a variety of ways, Heath said. There are a number of European countries which would not stand up . . . who would be likely to make a deal with the Soviet Union. Heath, whose remarks were made in a television interview Sunday, did the countries. However, he presumably was referring to Norway and Denmark, located on the northern flank of the NATO region. Heath insisted Great Britain would not be intimidated by the Russians. broadcast - WASHINGTON (AP) The Nixon administrations Committee on Interest and Diviin the most dends, step since it was established, has requested full information on costs and earnings from four banks that raised their prime lending rate. - The committee, a unit of the Cost of Living Council, said in an unusual Sunday statement that it regrets the increase of the prime lending rate from 8 to 6 percent. The prime lending rate is the interest that commercial banks charge their customers. Con- sumer interest rates are scaled upward from the prime rate. The request for full information on costs and earn- ings, along with any calculation the banks may have used to justify the increase, is the strongest action taken by the The British prime minister committee since President was interviewed on NBCs . Nixon established it during the Meet The Press. freeze in 1971. Its wage-pric- e duty is to keep watch on interest rates, which have never been controlled under the economic Presidents pro-- , , In the Federal Reserve Board, who said that higher marginal costs of funds from sensitive market sources should not unduly influence 3 OPEll why Campaigned In Style in style, Sen George McGovern campaigned Foundation of AmeriFashion to the according ca. The fashion organization named its best dressed men of 1973 Sun-da- y and the list included the senator from South Dakota, band leader Doc Severlnsen, lawyer William Konstler, actor Burt Reynolds and Edward Finch Ccx, President Nixons son-in-la- McGoveu, the defeated Democratic presiwas dential candidate, suitably attired in his 1972 Sen. McGovern and stood out fashionwise during the the foundation presidential campaign, said. international treks sensitive Deaths and lyricist Andy Razaf, 72, black composer who wrote the words for such songs as Honand Aint Misbehavin Rose, eysuckle The Stomping at the Savoy, died Saturday. Rev; Paul P. Fryhling, 61, vice president of the ' Evangelical Convenent Church of America, died Saturday of a heart attack. H. Galt Braxton, 91, editor of the Kinston Daily Free Press from 1914 until his death, died Saturday. Now Many Wear Sailor Innocent SAN DIEGO, CALIF. An old black (UPI) sailor was found innocent Friday of assault and rioting aboard the carrier Kitty Hawk but was convicted of refusing to obey orders while imprisoned in the naval station brig. FALSE TEETH With Little Worry Do false teeth embarrass you by coming loose when you eat, laugh, or talk? A denture adhesive can help. FASTEETH gives dentures a long- er, firmer, steadier hold. Make3 eating more enjoyable! For more security and comfort, use FASTEETH Denture Adhesive Powder. Dentures that fit are essential to health. See your dentist regularly. in- rates.. terest This statement applied to banks cost of federal funds and certificates of deposit, among other things. The panel said it is convening a group of technical experts to monitor the costs influencing institutional lending rates. Changing their rates to 6 were the percent Franklin National Bank, New First York; Pennsylvania Banking & Trust Co., Bala Cynwyd, Pa.; The Bank of New York, New York City, and the Girard Trust Bank of Philadelphia. First National City Bank of the New nations York, second largest, announced it is keeping its basic lending rate at 6 percent. The Nixon administration has been reluctant to move into any kind of controls on interest rates or credit. It has power under the law to do either, but the President would have to trigger the controls before the Federal Reserve Board could administer them. grams. The boost by the four banks would be above the level that existed just before the freeze. For most banks, the prime lending rate is still 6 percent. The committee is headed by Arthur F. Burns, chairman of for lev T. Wllker of Palos Verdes, Calif., . with decorated precious $3000. The sword is and inscribed U jewels and fascist symbols the U.S. Military of Duce Wilker, a graduate said he would loan the Poidt, West at Academy sword to the academys museum. cross-countr- y Jackson Urges China Tie A Royal Weekend Coast Visit Editorial Office, EVERY MONDAY Five years ago, Mildred Ridgeway was reluctant to accept a $5,000 life insurance payment for her son, reported killed in Vietnam, because she had a premonition he was still alive. But she took the money and spent it. Now her son, Pfc. Ronald is alive, listed as 2 prisoner of war in When North Vietnam. they gave it to me, I told them, If he shows up, I cant ever pay it back, Nixon Plans Sait lake city, ff Insurance Free Combined Wire Services Asked whether he hoped to make the agency a more active force for the consumer, Engman said that was his' hope and intention. Engman, a lawyer originally WASHINGTON from Grand Rapids, Mich., (UPI) -President Nixon is expected to seemed to be winning a favorable response from the com- fly to San Clemente, Calif., at midweek for a stay of about 10 mittee. days at the Western White Sen. Philip A. Hart, submitted a statement saying House, his aides said today. he had been concerned at first Spokesmen said Nixon would about Engmans independence spend the period in California of the White House, but now of working largely on demestic matters and that he would not Mr. Engman has convinced hold a conference with Presime he will indeed be an indedent Nguyen Van Thieu of pendent chairman. DESERET NEWS ..(sntutkii fried thicker month. Demo Primary Shultz, Budget Director Roy L. Ash and Chairman driven through the night for a weekend date with Quuen Elizabeths daughter since he was sent to West Germany with his regiment last Hale Boggs Widow Wins ax Jump' ! marmaduke f - jfa.- Fishing Fine The fashionable. Practical Luggage! Jewl box interiors. For a Limited Time SAVINGS ECUADOR GUAYAQUIL, The U.S. fishing boat City of Panama paid a $78,800 fine Friday on a charge of fishing in Ecuador- - (UPI) 25 ean territorial waters. TILL of e-o- There are 17 reasons you should come to ut for "ITAH South Vietnam. The White House said last week that Nixon and Thieu would meet in San Clemente sometime this spring. While Nixon is in San Clemente this month, however, he may receive Vice President Spiro T. Agnew when Agnew returns from his tour of Southeast Asian nations. Agnew was sent to Asia to reassure U.S. allies of continued American support in the postwar era. . HELP Reason 1. We specialize in income tax preparation. There is very little chance we will let you overpay your taxes. Reason 3. We are a year-roun- d service THE Salt Lake Sugar House Bountiful INCOME TAX PEOPLE Reso Park Midvale Sandy Murray WMUiyt S UL9 NO APPOINTMENT P.M.. Granger So. Saif lake Sti. Sample Savings 8--5 NECESSARY Train Case Weekend Case Ladies' Carry-O- n Pullman Case 1 year S3. 50 ore payable Two-Suit- er advance. Member Audit Bureou of Circula- Regular SALE $40.00 $30,00 $40.00 $30.00 $45.00 $33.75 $37.50 $60.00 $45.00' $50.00 $65.00 $48.75 Three-Suit- er tions. Saturday only and Church News carrier delivery area moil outside only. m WeHoveJ 9 1 aluminum: of !iFinger Lickin Good Kentucky Fried Chicken - Hot Roll - Fries - Choice of Extra Crispy or Original Recipe ft kickH, Kentucky fWed OFFER AVAILABLE AT All SHAPES . Angles, Channels, .Squares, Rounds, Corrugated, etc- BILL COSBY ABA . - Corrugated & Flats,' Small Angies, Straps, Rods, Etc, BUY & SAVE At SAMSONITE SILHOUETTE ON SALE, TOO ABA ALL-ST- AR ALL-ST- AR GAME SHOW MONDAY TUESDAY ?t Tickets Priced S 4th ill Sa. 7th W., Salt Lake; Well Ave. nt 2ith. ati V4,3,'i P!nty of Good 6 FEBRUARY FEBRUARY 5 SALT PALACE $ KENTUCKY FRIED CHICKEN 25 Not all but probably just what you wont ot reductions of CALL THI SALT SALT PALACE BOX OFFICE 363.7681 FOR ADVANCE RESERVATIONS Sects oreilcble for Mh the Cosby Show ond the PALACE Ticket Scale: I45'4-- 3 TRAVELWARE GIFT SHOP 152 South Main |