Newspaper Page Text
Page 6
— Griffin Daily News Tuesday, September 24, 1974
Rockefeller says his power
over economy is a ‘myth’
WASHINGTON (UPI) - Vice
presidential nominee Nelson A.
Rockefeller says it’s a “myth”
that his family, through its
great wealth, exercises power
over the nation’s economy.
Testifying at the opening of
his confirmation hearings
Court erases nominee
COLUMBIA, S. C. (UPI) -
Charles “Pug” Ravenel, the
Democratic nominee for gover
nor, was erased from the
general election ballot by the
State Supreme Court Monday
because of state residency
requirements.
The high court ruled that
Ravenel did not meet the state
constitutional requirement that
a governor be a “citizen and
resident” of South Carolina for
five years prior to the general
election.
Ravenel, did not return to
Charleston from Harvard and
New York until 1972, and
“admittedly, the petitioner does
Smith Roberts
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"First In Fashions
before the Senate Rules Com
mittee Monday, Rockefeller
said his immediate family has
holdings of $2lB million, most of
it in trusts.
But he later refused to
answer newsmen’s questions
about the value of the
not meet such requirement.”
Attorney Eugene Griffith,
opposing Ravenel’s candidacy,
said the only evidence support
ing Ravenel’s claim to five-year
residency were statements to
friends about his intentions ot
returning, but he noted Ravenel
said on his 1972 state income
tax return that he did not pay
any taxes before then because
he was “not a resident until
1972.”
The state Democratic Execu
tive Committee will have to
pick a candidate to oppose the
Republican nominee, Dr. James
B. Edwards, also of Charleston.
Rockefeller family fortune,
which has been placed in
excess of $1 billion. He did say
earlier that the family holds
$326 million in oil company
stock and S2O million stock in
the Chase Manhattan Bank.
“The myth about the power
my family exercises has to be
brought out in the open,”
Rockefeller said. “It doesn’t
exist.”
He said that of his personal
fortune he controls only about
sl3 million in stock; the rest is
in trusts which he cannot touch
and does not manage.
“I do not occupy myself even
to the extent of reading the list
of the securities in the trusts,”
he said. “I have very able men
who handle these things.”
Rockefeller, dressed in a
slightly rumpled but expensive
looking blue pinstripe suit,
touched on a number of
subjects during more than four
hours of testimony:
The nominee gritted his teeth,
but his voice showed no
irritation as he answered
pointed questions from Demo-
cratic senators who said they
were concerned his wealth
might cause a conflict of
interest. Rockefeller has
pledged to put his holdings in a
blind trust if confirmed.
While Senate Democratic
Whip Robert C. Byrd, D-W.Va.,
was asking him a lengthy
question suggesting he could
influence government policy
decisions which would help his
and his family’s financial
interest, Rockefeller, preparing
his answer as Byrd spoke,
jotted on a pad: “Rockefeller
empire, No.!”
He promised to urge no
decisions on the basis of self
interest. “If the nation comes
out of inflation and avoids a
depression, everyone benefits,”
he said. “But would special
interests —my investments —be
benefited by my actions? The
answer is emphatically no.”
“If I had spent a lifetime of
abusing economic power, I
wouldn’t be here today,”
Rockefeller said. “Power per se
is not bad, it can be good or
bad, depending on how it’s
used.”
h < Ar - 7 i
gWini
Dr. Williamson (r) helps raise flag at Gordon.
Gordon presented
‘honor’ flag
BARNESVILLE—The wife of
a Gordon Military School
alumnus has presented the
American flag that was given to
her by the President of the
United States at the death of her
husband to Gordon Junior
College in Barnesville.
Mrs. Thelma Brinson, widow
of Col. Noah M. Brinson, a
distinguished Army officer and
a 1920 graduate of Gordon
Military School, gave the flag to
the junior college in memory of
her husband.
Col. Brinson died in June at
Walter Reed Hospital after a
heart attack. He retired from
the Army in 1948 and served as
vice president of American
President Lines in Washington
until 1966.
The flag was raised at Gordon
in memory of Col. Brinson on
the first day of fall quarter
classes. Dr. Jerry Williamson,
president of Gordon, said, “We
are deeply honored to have this
fine memorial to Col. Brinson.
We feel that this flag is cer-
newsj
Carter to campaign
CHARLOTTESVILLE, Va.
(UPI) — Georgia Gov. Jimmy
Carter will campaign here Fri
day for 7th District Democratic
congressional candidate George
Gilliam, who hopes to unseat
Rep. J. Kenneth Robinson, R-
Va., in November.
Inmate still free
TIFTON, Ga. (UPI) - One of
six inmates who escaped Mon
day morning from the Tift
County Correctional Institution
remained at large Monday
night, authorities said.
Five of the inmates were re
captured shortly after they
broke a hole in the mortar of a
dormitory wall and escaped a
Ellenwood post office
MEMPHIS, Tenn. (UPI) -
Regional Postmaster General
Frank Sommerkamp said Mon
day the U.S. Postal Service
plans to purchase land for a
new post office building in El
lenwood, Ga.
The building is to be con-
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GRIFFIN, GEORGIA
tainly an appropriate tribute to
his alma mater and his out
standing service to his coun
try.”
After Col. Brinson graduated
from Gordon in 1920, he entered
the U.S. Military Academy and
graduated in the air service
from West Point in 1924. He
later transferred to the infantry
and served during World War II
as chief of staff of the 9th In
fantry Division during the
campaigns in Northern France.
He also was a member of the
staff of the Supreme Com
mander of the European
Theater and later was military
attache in Paris. Col. Brinson
received the Legion of Merit
and Croix de Guerre with Palm
military decorations. He was an
officer of the French Legion of
Honor.
After the war, Col. Brinson
was with the legislative liaison
division of theWarDepartaent--
Special staff in Washington and
served as liaison officer with
Congress.
Carter, chairman of the Dem
, ocraticNational Campaign Com
mittee, will hold a morning
news conference with Gilliam,
, then attend a picnic lunch and
go on a walking tour of the city,
. Gilliam’s office announced Mon
day.
spokesman for the State Depart
ment of Correction said. Ro
land Smallwood, 31, of Macon,
serving a five - year term for
burglary, had not been appre
hended.
The spokesman said the pri
soners overpowered a guard
and tied him to a chair during
the escape.
structed on a one-and-a - half
acre site, owned by Old Domin
ion Freight Line of High Point,
N.C., on U.S. 23.
Sommerkamp said plans for
the building will be initiated af
ter the site is acquired.
■ IVews summary
By United Press International
I
ss
Frost hits midwest
Frost and freezing temperatures hit farmlands in the
Midwest Monday as autumn arrived, nipping hopes that
farmers might salvage some of their com and soybean
crops. The early cold spell follows delays in spring
planting brought on by heavy rams and summer droughts
that wiped out billions of dollars in crops.
Flamethrowers sought
SAN PEDRO SULA, Honduras (UPI) — Honduras
I today asked the United States for flamethrowers to
I cremate bodies of Hurricane Fifi victims before they can
I spread disease. The death toll has been put at between
7,000 and 8,000.
Decision is final
$
BOSTON (UPI) — Sen. Edward M. Kennedy, D-Mass.,
, bowed out of the 1976 presidential race Monday. He said
he had made a “firm, final and unconditional” decision
because “my primary responsibilities are at home.”
| Power is ‘myth’
WASHINGTON (UPI) — Nelson A. Rockefeller, at the
opening of Senate hearings on his fitness to be vice
president, denied as a “myth" that his family’s wealth
allows it to exercise power over the economy. Rockefeller
said his immediate family has holdings of $2lB million,
mostly in trusts, and that he controls only sl3 million of his
personal fortune.
| Nixon in hospital
LONG BEACH, Calif. (UPI) — Former President
Richard M. Nixon entered a hospital Monday and was to
begin tests for phlebitis today. Ron Ziegler, his former
White House press secretary, said Nixon is mentally
sharp, but depressed.
I ,
Economists pay
sls for lunch
NEW YORK (UPI) - Econo
mists summoned to a govern
ment conference on inflation
Monday got a flashy room free
for their meeting and were
flown to New York on Air
Force jeta, hut they pnifl fld
apiece for their lunch.
Arthur M. Okun of the
Brookings Institution, Washing
ton, D.C., said he didn’t get
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THE GENTRY SHOP
South Ml St Griffw, G*- |
much for his sls and suggested
the economists propose a price
stablization board on lunches.
The 24 economists, charged
by President Ford to come up
with ideas on how to control
inflation) md in thfi flPte
Empire Room of the Waldorf
Astoria Hotel, where singer
Peggy Lee performs nightly for
dinner guests at a minimum of
$32.50 for a meal and a single
cocktail.