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Show Bftl2 City ASTERN AMERICANA i f I.' H - Because of a j He. said the suit was filed on behalf of fellow attorney Edgar J. Dietrich and was intended to force oil companies to make full disclosures of their production and reserve figures. "This is an attempt to make the companies accountable to the American people," Tucker said. "They have been doing as they please." The lawsuit's future was jeopardized by a Supreme Court ruling, Dec. 17, that said each plaintiff in consumer suits must meet federal standards for bringing the action and that at least $10,000 must be at stake. American Judges Assn. Establishes Annual Judge Burnett Award The American Judges Association (AJA), the national association of American courts, has established the annual Judge William H. Burnett Award for a significant contribution by a member of the American Judges Association towards the ac- complishment of the aims and ideals of the American Judges Association, it was announced by Municipal Judge George G. Crawford of San Diego, AJA National President. First recipient of the AJA Judge Burnett Award is Judge Joseph P. Nadeau of the Durham District Court .of New Hampshire, president of the New Hampshire Judges Association. The Judge Burnett Award was established as a memorial to the late Judge William H. Burnett o tie District Court of Colorado, one of the organizers and first president of the American Judges Association which was organized in 1959 as the National Association of Municipal Judges. Besides his outstanding work as a member of the American Judges Association, Judge Burnett was recognized nationally for his innovative programs in alcohol rehabilitation, release on personal e recognizance, and programs. Juge Burnett was a work-releas- mem- ber of the special conference of the Judicial Research Foundation, the educational arm of the American Judges Association, which made a three year study under the sponsorship of LEAA on the neglect and crisis in the lower courts and published its report in 1969 as the "Struggle for Equal Justice". Judge Nadeau was awarded the AJA Judge Burnett Award in recognition of the close relationship he was responsible for establishing betthe American Judges ween Association, the national Association of American courts representing over 1500 courts in the United States, Puerto Rice, the Virgin Islands, and Guam "What we allege," Tucker said, WASHINGTON (UPI) A nickel a long for bought anything time. Now, as the dollar buys less and less on store shelves the Treasury Department is considering reissuing the $2 bill. There is even speculation that, as the United States is minting $1 coins, the paper dollar might disappear completely, although no such move is contemplated for the "is that the companies have several sections of the Sherman (antitrust) Act." Dietrich's law firm earlier filed violated several lawsuits against firms accused of polluting Detroit's air and water. Those suits are pending. Tucker said the $270 billion figure was reached on the basis of studies of oil company profits and prices. If he wins the case, Tucker said, he will ask the court to order the oil companies to pay $270 billion in damages by reducing oil and gasoline prices or by paying that amount in taxes that consumers normally would pay. He said the figure includes $1,000 for every adult in the United States. near future, the National Geographic Society says. Popularity is the question confronting advocates of a revived $2 bill. The reason they were discontinued in 19G6 was because too many people refused to use them perhaps because of belief unlucky. "Unpopular as the scorned "deuce" may be, American $2 notes are as old as the Nation. They first were authorized by the Continental Congress in June 1776 as "bills of credit for the defense of America." 49,000 $2 bills were cirinflation so plagued the but culated, colonies during the Revolutionary War that nobody wanted paper money of any denomination and "not worth a Continental" became a catch-phrasThe twos weren't issued again until 1862. when they were authorized by Congress during the Civil War. The bills bore the portrait of Alexander Hamilton, the Treasury Secretary killed by Aaron Burr in a duel. Replacing Hamilton's likeness with that of Jefferson the following year did nothing toward making the bill more popular. Some authorities think $2 bills came into bad repute because they were widely used to buy votes during the national election of 1880. About e. there are ICC, Ease Rules - The administration has drafted a second railroad bill to relax federal and state regulation while pouring $2 billion in loans into rui' oud facilities and freight car fleeU an Unprofitable branch lines U.S. of 10 cent rail estimated per abandoned be could mileage almost automatically if the bill became law, unless state or local governments agreed to subsidize losses, or unless other railroads or qualified individuals purchased them. The nation's overall freight bill should drop under the measure, federal planners estimate, partly because the Interstate Commerce Commission (ICC) would be prohibited from keeping freight rates artificially high. The ICC also wduld be forced to act promptly on railroad requests to change rates, and could take jurisdiction from state public utility commissions which failed to act loss ad- Economically, vantages in the $2 bill. It costs the government as much to print ones about a penny a bill. director of the James Bureau of Engraving and Printing, estimates a savings of $2.1 million a year if the bureau replaces half of its $1 bills with $2 bills. One observer jokes that if the Treasury Department wants to revive $2 bills at their former value, it should take account of inflation and print them as $3 bills. It wouldn't be" a first. There were Continental $3 notes and New York and Texas once circulated $3 bills. A. Conlon, Would Revamp : (UPI) bills were as twos intrastate rate inpromptly creases or decreases. State and local governments, in addition to the added subsidy costs and threatened loss of regulatory powers, also would be socked with a See details page 4) Named in the lawsuit were such oil giants as Exxon, Gulf, Sun, Mobile and Shell. 2d Rails Bill on Utah Supreme Court Decisions Inflation Ravages May Bring Back the $2 Bill the widespread hasn't and the New Hampshire Judges Association, which resulted in the entire judiciary of New Hampshire being enrolled in the American Judges Association. The national headquarters of the American Judges Association is located in Holyoke, Massachusetts. WASHINGTON DEPT. THURSDAY, JANUARY 10, 1974 Lawyer to Push Suit on Oil Despite Ruling DETROIT (UPI) m rt SALT LAKE CITY, UTAH VOLUME 17, NUMBER 245 recent U.S. Supreme Court ruling, a Detroit lawyer's $270 billion class action lawsuit against 12 major American oil companies probably will never come to trial, But Ally. James A. Tucker said he would press suit anyway "in the interest of the little guy." The suit, filed in U.S. District Court, alleges (he oil companies illegally conspired to create an artificial oil crisis. Tucker said he believed the suit, which accused the oil companies of restricting oil production to reap excessive profits, was the first such filed in the United States. OTni. I in tax revenues three years after the bill became law, since they would be prohibited from discriminatory taxation of railroad property. Nixon indicated in signing the Northeast & Midwest rails bill, New Year's, that further legislation would be introduced to upgrade railroads. UPI obtained a copy of the draft bill. . CRISIS THREAT TO '74 BUSINESS The unbiased Conference Board's chief NEW YORK INFLATION-ENERG- economist, Albert Y Sommers, compiled an unbiased prognostication of the nation's 1974 economic prospects. He gathered into one room, in forum fashion, 11 of the nation's most prominent economists and business analysts representing . as many major industries. At the session, a couple of weeks before the energy crisis was widely publicized, the consensus was the U.S. economy is heading for only sluggish growth in 1974 with inflation and energy shortages looming as major threats to economic progress. Subject to the energy crisis being contained, this forum predicted the gross national product (output of goods and services) could reach $1,390 billion in 1974 for a gain of 7.6 per cent over 1973. But about 5.3 per cent of the rise will represent inflation and only 2.3 per cent "real" growth. The estimated comparative figure for 1973 was 11.5 per cent increase 5 per cent inflation and 6 per cent real growth. Consumer prices are expected to jump 5.7 per cent against 5.9 per cent in 1973. And wholesale prices are projected to rise slightly under 7 per cent against 13.5 per cent in 1973. The experts' expect industrial production to advance only 2.8 per cent compared with 8.9 per cent in 1973. They predict the' nation's unemployment rate will average slightly above 5 per cent in 1974 against slightly under 5 per cent in 1973. Congress Aide Bewails What Students Study SAN FRANCISCO (UPI) -History and social science students often don't learn much about the United States government, a Congressional aide has declared. "The social science products of our universities are woefully weak in understanding what our government is about," said Carl Marcy, chief of staff for the Senate foreign relations committee. "Too many of our foreign service officers in the State Department The economists cautioned that the energy shortages could severely damage U.S. economic growth in 1974, especially with the weakness in the auto and housing sectors. The threat is zero ' growth. Should the growth rate in 1974 approximate zero, say the economists, it would imply a sharp decline in economic activity in the last half of next year, accompanied by a substantial rise in unemployment. understand the Parliamentary System and English history, but not the U.S. Congress. Another projection for 1974 was that short-terinterest rates will remain relatively high, with somewhat of a dip as the year "These people worship orderliness and essentially our m progresses. inThey predict a peak of around 8 per cent for long-terterest rates, with no significant decline due to the continuing high m ' level of inflation. The Conference Board's consensus of the 11 economic experts shows no attempt to quantify the economic impact of the energy session believe a dilemma, but virtually all at the in would severe cutback energy supplies pose a substantial threat to business conditions in 1974. Thus a possible cut in corporate net profits, which could have an impact on dividends. ' one-roo- m ' Congress is disorderly. So they opt for the executive branch, where there is order, power, information and secrets" he said. Congress and the public with little help from the scholars have-beeawakening to the principles of the Constitution since the Vietnam War, Marcy told the American Historical Association convention here during Christmas-week- . n . |