THE BATTALION
Devaluation Efforts Failing L ,
$$$ Spiralling May Bring Trade War BatUBon Classifieds
M. irra
Bt BILL SOKOL
Bfc—r*mtm
am to
you Wo* and propor* for
Uim — u It 4M from tW oad of World Wor
notMool oMMtory ototo to maty .
tW oprnln* art of tW iatoma ' , . ,IT _ ool
ttonal poo—I* rrtote now Wow- P*o—d OO Wo mm ^
Inr-Uto —t art ma, to a dan ^ f
. ^ v. law a trad* war to nval tWo* .
aoxt art may W a 4aa- ”
full bktwn trad* war W- ~
twooa th* U.B., Japan, aad WoW- * “*
•to Karopa TW ftrot d— W ••
of th* dollar, la mi,
th* U » can a* aad Poiaad. ao woH ao H
TW WII for
by Ntma 1 *
“i to
to impoo* b%Wr tariff
walla Now lh*r* lo *o*a •poca-
lation tWt Japaaoo* otooi liapor-
totioa will b* prohibitod (TW
on*mploym*nt valuation to
by attoaipto to limit juot aarh • system. But this lat>
MoW foaraooM Is thr *ot d*valaatkm. a stab ia th* back
fart tWt trad* wan historically to Japan, whom yoa has goa* up
to hot- la vala* about 14 pore oat ao a
wars played thoir result. Is a bad slpn far th* sac-
ad
rival ‘ f^mnmm. urn Growlac trad* war, with Japan
, . 1#1- Japaama Wv* already voluntarily w particular, can W avoided only
M1 ^ 1918 redared .tool nporte to tW U S.) „ f lnaAr ton and buaii—n
than o dofoaoivo ssaaou-
tion Is do-
from tW
by th* apirallmp iaflotWa of tW
U.8. dollar TWt mftetioa, oaaoad
hy th* ooat of tho gisoWl trad*
aad Wootora
as a
Th* asw MW devaluation ae-
knowlodprd th* failure of that
>
la UX
UX
aad hi th* eoa-
to earn a aaa th* pi-
pot* mort offoctively for asw
Moat of Morpaa Guaranty Tnaot
la Loadoa admits that
th* apoeslators who prefltod moot
la the 4l*valuatioa wore “tW For-
was worm than *v*r. Thor*
no way oat of ai
Hat of tW B04 Mp-
post (U.S ) com
A
for any
rad
If
did not stobtlis* th* dollar, aar
did H renew anyone's confidence
ia X TW dollar was stBl soar- . — ~ -T". Com
UX 01111 coot i* China aad the Third
aad tW W * rU1 !*»•••• eohicldoata tWt 1
- within • week of tW devaluation.
Henry Kiaainper announced the
UX was opening a liaaaa office
ia Phkinp—on* of th* principal
reasons far the first U.S. office
ia China la more than twenty bonks untoadod thoir dollar* darty,
years was to facilitate trad* be na*d* *bout MM million, aad loft
h* said. foreign banks aad corporations
, holding th* wrong end of the
signalled vmW And they
only round one ia wWt will b* ^ W
fiorc* com petition not only for . . - ^
the China markot. but aim for 1nn ^
markoU in Southeast Asia, start Tor example, food prims ia tW
mg with Saigon, where Goaoral UX wfl] soar eve*
for
excWnpo to *a- W solliap more UX-grow* food
privet* invest- ■ brood now tWt the
UK. corporations can hot hm lowered tW prim of tWt food.
sow for use of the Thom lower prime moke H
labor available ia Third competitively attractive to
World eooatrim run hy Wostom nations Mors
on anted governments saay saoan grantor profits for tW
TW wmf 4my tW Vtaw. iSfLl.E**!
eoom-flr* waa signed. David f
Rockofritor. chairman of the
. . aad
part ia th* ovaato leading to hetb
World Warn On* and Two. _ . _ . ■
The devaluation la tho UX'a
pugnacious asmrtion of self in
tormt to lot Japan aad Western
Europe know that this country
will not idly trait for a possible
I compromise bet is lusts*ii ag-
bw of a nattoa fllbtiap to momtary system to brtap ardar proaoivoly tryiap to nmoin Num-
pr—n * stay *a top ia a toad* war with ^ .tabittty to tWir rsmpstisa bar On*. As Japan, oapocially, ro-
- - - A CsmsaMtos ef 10, mad* mo «f speed* to tW UX’* mova, the
■ their advanced, stroomHaod moaomy of oueh iatoromsd eoaatry’* leading spiralling suermaion of economic
■mor* uattod, baakora. Wa bsoa m**t»ap in mn sou vara aad caaat*rm*n*uv*ra
ml l-.urT. Switmrland sine* th* first da- may spin oot of control.
Markot
Nixon's
et, along
profito, insufficient
th* exponmon of
tivo capacity, costly aad
roomiap go
rim. and federal welfare
floted th* dollar far
relative stability it
the war.
If the
of im
w I
iy Bat the ovorval-
the UXh prod
acta lorn mmpolMoo in tW world
merket while Japan aad Weetem
ntinned to
competitive
LOW, LOW PRICE!
SHUGART COUPON
SKAQm ALRERT80N
Ml S. CbMc*
Tliv n FrL, SbL — Mmrek li. It, 1?
9
WALLET SIZE
COLOt PORTRAITS
/ H., 99<t
GROUPS
UNBEATABLE VALUE
But Nixon’s
a* not simply
arrived ia t>,, “ bipbm pricoa
oa th* first leg of his But highs
i*m trip to lantern Bo- rthete th* mote I
th* fiuaacters of ia th* growing trad* war, am do
"y Bait News Summary
By THE ASSOCIATED PR RMS tonriv*
hy hto Com- 10 years im|
WISE REB BEUCIMS
APPLES
Unbeatable frozen foods
P«TM ME1ICM
(Rig Ceok. Reel Isek.)
% t rctHr M
to h*
WASHINGTON—Th* railroads , enunist captors and told thorn with bis critically ill xsothor. Ho
live
It unions nnnouaeod tonto “about every bit of information I discus—d mm* aspects of his cap
tivity at a bows conference but
4S. returned here rsfuosd to rrvoal details of th*
wages aad benefKa by more than Monday night after more than mission that lod to hi* capture.
Id par coat for 500,004 railroad
1)
Tho question facing voter* was
two-fold, with the second propo
sition contingent on paaoog* of
the first.
Th* Drat proposition sought
Ion **• ...... $i5o |
Son. John C. ^ 9
Por pa—s
asked authority to front.
$160 million in
Th* settlement was uapruce
dented ia’ that ^ was th* Drat
time in railroad labor Kioto ry
that the parties r*och*d agree
ment before current contracts as
pired. and without strikes or aay
disruptions in service
WASHINGTON—Two brother*
and aa 1R year-old companion
hold in l i*e of bond
la eons
booting of Sea. John C.
Stennis. D Miss
The three men will have a pro
luaiaary hearing on March Z1
After carefully sxplaining to
each defendant hi* nghta. UX
Magistrate J*an F, Dwyer mt
bead at $25 .MO for J*ha 8. Mar
•hall, 21; $60,000 for Tyrone
Marshall. IE and $10d00 for _ ^ _ u ^ _
Derick Holloway. 1$. all of Thoy todude aU of Dallaa, Tar-
Northeaat Waahington r * Bt « Enu ' N * ,r “ T * C** 1 *
_____ bora counties. aad portion* of
CLARK AIR RASE. Philip *»-«—■ 1m - Walk
— Another 10$ American rr - Smn Jariate. Liberty, Polk.
ndoreon, Hen -
Kaafamn.
Tho Dal laa-Fort Worth area
thie Parifkr choch-ia potai. ^ kalaam of pawor with
Thoy are flying out of th* "»•" » P«r cent of th* *U-
North Vietnamese capital Wod
iy m thro* C141 hmpitol port there cooM not hav*
Trinity Project
vigorously ia behalf
of th* navigational, flood con
trol, aad th* river development
Opposition largely cam
environmental groups ap aad
approval of a maximum 16-c*nt down th* river but
par $104 valuation property tax tacked the pro poo* I oa a broad
DINNER&.49
ed a majority of th* total vote
aad had to carry ia nin* of th*
1? counties participating ia th*
historic decision
All or part of Urn counties H*
ia tbs Trinity Elver Authority's
(TEA) voting and taxing tarri-
wmr prisoners, including • plane TriuMg, Mw
hijacker aad aa admiral’s mn. Awrm md
with th* Drat hatch expected to
touch doom at Clark mound
p.m . or $:1$ BJB EST
Two North Texas
split over the issu* as
as quasi spokesmen for aad
against the project. Jim Weight
of Fort Worth favored it and
Alan Steelman of Dallas opposed
a. | .
Th* project won an •lortiaa-
eve endorsement from John
M»iy.
and Ti
“I hav* a special inter—t ia
this project bocaum B arm dar
ing my administrattoa as fsrmm
govror of Texas that this
prehonsive plan
hy Coagre**," Connolly mid ia
Dallas
. . This program is a wim
investment in o
for prooont and
Uona," Connelly mid
Dahate ever tho controversial Qppaaoat* lohollad th* projoei
4:16 peojoct raochsd a aoar-fovorioh o "giant boondoggle
pitch ia rocont weeks, particu- that R was
lariy upstream ia the hoavily rally, ecologically and environ
mentally They said th* tax
NEW BRITAIN. Coaa —Frmd populated arm *f th*
CIA agent John T. Downey mid Th* TEA forecast a turnout of |
Tuoaday he was —hjocted to la- aoariy half p million vet on aad that taxpayers
Cbe Battalion
on Mom of
h a
m The
uudml wciicti only Th*
iv/^orted. ooo pvefti. srlf lappordng
priw edUed and a per end by uudmii os o oahi*rd» and
tea. M—r^TariTotov. ^OMkswa aad
Th*
MEMBER
Prom. Texas Pram
LCTTEB4 POLICY
Iran, to lit* rduer mow be typed,
end *** mort (hm AM words im length. They mmt to
me^#l Am to mi
■nltr Wff MW —orVfewMi Wp
K RR aw
TW
nv.
dgnod, eb hough the 1
•mmormeof with the
I Mien Vo. Thr —Satina Ho
Codtrgr flstis*. Team 77*41
*17.
ed aP
O a Raois
EDITOR
Womens
Sports Editor
- MTKF ETCH
Rad Spec•
Janet LanArs
.... Bill Hoary
. Kovia Coffey
FRYERS
It - tl - U.
aiT-*o*ai t
lf&
c K'icvfit/tite fhcr.
PEANUTS
f 5 5M00PV T
A CMAfCE?i$ HE COMAOOfT?
t >
^JJNK!!
1 HATE THE litORLP! I
HATE EVaWMPVANP
EVBPmNS IN TME WHOLE
'jiPu»f.o-wiDe iiWRU>!!
U)HV EL4£ LdOULT HE 6E
ftWLOAC A TROPHY C
TriEfiE^ N0TH1N6
600D103ER