Page 14 THE BATTALION
WEDNESDAY, DECEMBER 11, 1974
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Former adviser ‘misled’ by Nixon
Deceived about clemency
WASHINGTON (AP)—John D.
Ehrlichman told the Watergate
cover-up trial Tuesday that former
President Richard M. Nixon misled
him about whether Nixon would
consider granting clemency to the
Watergate burglars.
tee headquarters.
Ehrlichman said he didn’t learn
until recently that six months later,
Nixon and Charles W. Colson, then
White House special counsel, dis
cussed clemency.
Ehrlichman, a former top Nixon
White House adviser, testified that
during a walk along the beach at San
Clemente, Calif, on July 8, 1972,
Nixon said he “would never enter
tain a conversation” on clemency for
the men arrested June 17, 1972, in
side Democratic National Commit-
William S. Prates, Ehrlichman’s
lawyer, then asked, “were you
aware after listening to the White
House tapes that the President was
telling you one thing about cle
mency and Mr. Colson something
else?”
“Well, if you compare what he
told me in July and what’s on the
tapes, it’s very different, yes,’ re
plied Ehrlichman.
Ehrlichman, ex-White House
staff chief H. R. Haldeman, former
Atty. Gen. John N. Mitchell,
former Assistant Atty. Gen. Robert
C. Mardian and Kenneth W. Par
kinson, one-time lawyer for the
Nixon re-election committee, are
charged with conspiring to bostruct
the investigation of the Watergate
breakin.
In his opening statement to the
jury, Frates said part of
Ehrlichman’s defense would be that
Nixon “deceived, misled and lied”
he was kept in the dark about the
June 23, 1972, discussions between
Nixon and Haldeman in which they
decided to have CIA officials get the
FBI to restrict its Watergate inves
tigation.
During discussions in midsum
mer 1972, Ehrlichman said he
proposed a program of full disclos
ure about Watergate.
Out of those discussions, he said,
came Nixon’s statement on Aug. 29,
1972, that no one on the White
House staff was involved in Water
gate.
29th <^t.‘~UJctrehon*e
3715 £La.t 29tl* St.
T Float trips down swift Wyoming Snake River
>ryan,
77801
(713) 693-4511
TOWN & COUNTRY CENTER
frrr- ■=:
MOOSE (AP) — The rubber
boats slip silently down the swift
Snake River in western Wyoming’s
Grand Teton National Park, provid
ing tourists with a panorama of wild
life and wilderness.
Last year, more than 60,000 per
sons took advantage of the services
of numerous professional floating
outfitters to take a trip through the
Snake River flood plain. The attrac
tion is the magnificent Teton Moun
tain Range, moose, elk, eagles,
waterfowl and hundreds of other
wildlife species in their natural
habitat.
But there is a growing concern
that the float trips are destroying the
very attraction which they are
geared to provide and which the Na
tional Park Service is struggling to
maintain.
Concrete information on the ef
fect of the passage of the rubber rafts
is difficult to obtain and now is vir
tually nonexistent. For that reason,
the service has launched a long-
range study of the problem and is
considering limiting the excursions
until that study has provided it with
necessary information.
“We are about five years late on a
river plan, says Pete Hayden, a
biologist for the Park Service at
Moose.
Some of the problems are obvi-
BB&Xi
Bryan Building' & Loan Association
Offices in Bryan/Huntsville/Madisonville • Save-Mobile service to Caldwell/Franklin/Normangee
BB&L savings accounts
vs. blue chip stocks,
bonds and mutual funds.
;r j.
Guess which returns
interest to investors.
more
Guess again
Financial counselors often deliver pious
injunctions to stash away a nestegg in a
savings and loan, then venture into more
glamorous investments.
A quick glance at the earnings perfor
mance of BB&L savings accounts com
pared with more “glamorous” invest
ment vehicles tells the story: BB&L sav
ers have earned more interest since
1966 than speculators who invested in
utilities, transportation or industrial
stocks.
compound interest so interest accrues
on principal plus interest. Open end
mutual funds, front-loaded with an 8V2
per cent sales commission, are depen
dent upon the stock market to show ap
preciation. It takes a healthy increase in
market values to cover the initial com
mission — much less show profit.
Bond investors didn’t fare much better.
Dividends from bonds are, by definition,
equal to simple interest since they are
paid out as earned. BB&L savings earn
At times, the so-called “glamour” in
vestment must be sold at a loss (without
dividend) if there is an urgent need for
cash. BB&L savings accounts are al
ways redeemable for full value (plus in
terest).
But that’s another story.
$220
QUARTERLY EARIMIIMGS ON $10,000 INVESTMENT
180-
140-
100
60
*.
Transportatio
s«oc k s r
\
i
BB&L
Savings v
Account
l
/
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7
i
Utility
stocks \
\
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1 1 1
1966 1967 1968 1969 1970 1971 1972
1973
1974
SOURCE: U.S. Savings & Loan League and the Investment Company Institute. (Some reports, including Economic Indicators,
published by the President’s Council of Economic Advisors, express earnings for common stocks in much less favorable terms
than indicated here. The case can be stated in a great many ways using different indices, weighted advances and declines, beta
factors and regression equations, but simple lines tell the story . . .)
ous. Access roads to the river, prob
lems of traffic and noise, deteriora
tion of the river banks at the points
where boats are launched and de
struction of plant life by increasing
size of the parking areas. Though
the access roads are limited in
number, there Is the feeling that
still there are too many.
Officials already have noticed
changes in elk habits along the
river. Many now come down from
the timber only at night and move
away during the day. Naturalists
presume the elk would stay longer if
the boats were not there.
There is no question that the in-
Beef grades
draw fire
WASHINGTON (AP) — An un
precedented outpouring of mail has
prompted the Agriculture Depart
ment to reconsider its plans to
change the beef grading system.
creasing traffic on the river, bothbv
the commercial outfitters and
fishermen has disturbed the nesting
waterfowl and driven many of them
from the main channel.
“We can’t make a good case hi
the ecological problems yet
Hayden said.
He adds that people who float tie
river now are not seeing the same
thing as those who saw it 10or20
years ago.
Hayden said the park has aban
doned the idea of limiting the pas
sengers which make the various
float trips each year. But he said it
would like to limit the number ol
trips beginning in 1975. "Wewant
to hold the status quo forafewyears
until we get a better picture.”
Present plans under considera
tion in Grand Teton National Pad
call for limiting the trips in 1975lo
slightly above the average for the
period covering 1972-74.
7
The system is l>est known to con
sumers by the labels on supermar
ket meat designating the cuts as
Prime, Choice or Good, the top
three classifications.
Job Corps
celebrates
10th birthday
The department had received
3,637 letters on the proposal by
Tuesday, with many more letters
expected. Sources said the tre
mendous response has prompted
serious talk within the department,
meat industry and consumer or
ganizations of redrafting the prop
osal this spring.
Any decision is at least a month
away, said John C. Pierce, director
of the Agricultural Marketing
Service’s livestock division who is
weighing what he expects will
amount to 4,(X)0 or more comments
on the complicated changes.
SAN MARCOS (AP) — CapJd)
Corps Center near here will ob
serve its 10th anniversary Saturday
Speakers will include Rep. ] |
Pickle, D-Tex., and John H. Stet
son, national director of,job coips,
Lb S. Department of Labor.
Gary officials said center ^
processed more than 51,000 yoiaj
men during the lb r years oftlf
center’s existence. Of that numb
there have been 9,219 who
graduated and returned to theii
home areas to seek employment
The center said 6,947 were placed
in jobs throughout the nation and
another 1,883 went into the armed
services.
RAPl
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