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David Packard:
By MIKE FEINSILBER
WASHINGTON (UPI) - Dep
uty Defense Secretary David
Packard came to Capitol Hill to
endorse the Nixon administra
tion’s save-Lockheed legislation
but wound up giving testimony
damaging to that cause.
He gave the Senate Banking
Committee Wednesday the dear
impression that Lockheed is
headed for bankruptcy even if
the White House rescue opera
tion is enacted into law.
Packard, a former defense
contractor himself, was critical
of Lockheed’s management and
warned that approval of the ad
ministration’sproposed s2somil
lion loan guarantee could be a
“dangerous ’ ’ precedent.
In fact, he said, if he were
a senator he would vote against
it if Congress, the White House
or the defense industry took its
approval to mean that big gov
ernment contractors could look
to Washington for help whenev
er they run into financial trou
bles.
Packard’stestimonybroughta
big grin to Sen. William Prox
mire, D-Wis., the proposal’s
leading opponent. Proxmire said
the testimony would be “most
useful’’ in his forthcoming fight
to kill the administration plan,
which he considers an unwise
use of taxpayers’ money to save
a private corporation “from the
consequences of their mistaken
judgment.”
To be sure, Packard said,
Lockheed’s collapse could in
crease unemployment in the
aerospace industry, which is al
ready suffering. Moreover, he
said, it would create some
“short-term” problems for the
Pentagon.
But the long-term problems,
he said, would not be insoluble
and Lockheed’s collapse, with
court-appointed trustees taking
over management of the firm,
would not jeopardize its major
defense contracts.
These include shipbuilding and
missile contracts and the con
struction of the Cheyenne Heli
copter and the CSA Transport,
the world’s largest plane. Lock
heed, the nation’s largest de-
Georgian
backs halt
on channels
WASHINGTON (UPI) - A
Georgia official was among wit
nesses who told a House com
mittee Wednesday that damage
to nature may negate the bene
fits from stream channel proj
ects.
Jack Crockford, assistant di
rector of the Georgia Game and
Fish Commission, told the con
gressmen he supports proposals
for a two year moratorium on
channelization projects.
Channelization involves im
provement of stream channels,
including dredging, for naviga
tional purposes, to increase
drainage, and to speed the flow
of flood waters to reduce flood
damage.
Crockford, who was joined by
officials from Tennessee and
Louisiana, said the two-year de
lay in channelization projects
would give Congress time to
evaluate the effects of such
projects on the environment.
Hopefully, he said, Congress
would solicit the aid of recog
nized environmentalists.
The House Subcommittee on
Government Operations also
heard from Richard K. Yancey
■ of the Louisiana Wildlife and
Fisheries Commission, who said
his state is losing valuable hab
itat for sports fishing and hunt
ing because of channelization.
“Each stream and each tract
of timberland produces just so
much wildlife, and when one of
these areas is destroyed as a
result of channelization, then the
state’s fish and wildlife resour
ces are reduced proportionate
ly,” Yancy said.
Harold Warvel, assistant di
rector of the Tennessee Game
and Fish Commission, estimat
ed that two such projects in
Tennessee would harm wood
land, wildlife and recreation
values amounting to about $5,-
per year.
Party Conventions
The first Democratic Con
vention was held in Balti
more in 1832 and nominated
Andrew Jackson for a sec
ond term; the first Republi
can party, as it is known to
day. convened at Philadel
phia in 1856 and nominated
John C. Fremont for presi
dent. Fremont was opposed
by James Buchanan, a Dem
ocrat.
sense contractor, has suffered
pretax losses of SSOO million on
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those jobs. Critics contend it
won the contracts by submitting
he came to help but didn’t
bids which it knew were too
low.
To help Lockheed out of its
troubles, President Nixon has
proposed a bill guaranteeing
that the government would re-
Griffin Daily News
pay $250 million worth of bank
loans Lockheed wants should
Thursday, June 10,1971
9
the firm go broke and default
on them.