ountainhead ........ =. _ | Men denhall sponsorsart sale S week in Mendenhall’s multi-purpose room ~ Bact $5.00 for any three SA passes emergency publications bill NNINGHAM eas saa nae side a sep tinn de Hobby gets nabbed Index See our picture pages Students Can become involved in a proiect to help Greenville children 14 Doobie Brothers blowout Minges Coliseum 1 4 Read about the effect inflation has had an Greenville 13 The PE. Dept. has extended open hours for the gymnasiums 13 Left-handed Eskimos at ECU? FOUNTAINHEAD/VOL. 6, NO. 22/10 DECEMBER 1974 2 Se ee ncatttanahnnnrtnr AATCC Pe vonage LASHFLAS} News FF LA SH FLAS All news flashes should be typed double spaced and in the Fountainhead office by 12 noon on Monday for Tuesday's paper and 12 noon on Wednesday for Thursday's paper. Music recitals Three senior students in the ECU School of Music will perform in recital next week They are Linda Wagner of Newport News, Va., Clarinet; Robert Conger of Falls Church, Va., trombone; and Ronald Payne of Gastonia, euphonium. Miss Wagner and Conger will have a joint program Thursday, Dec. 12, and Payne's program is scheduled for Friday, Dec. 13 Both programs will begin at 8:15 p.m in the A.J. Fletcher Music Center Recital Hall and are free and open to the public Book exchange The Veterans ub wishes t everyone that the remind book exchange Thursday, Dec. 12th, plant money or DooKS that day oses pick up your Auto rally Everyone is invited to participate in the last ECU Veterans Club auto rally this year The rally will begin in front of Wright auditorium Sunday,December 15, at 1:00. This raily is another of the gimmick/ treasure hunt variety The East Carolina Veterans Club wishes to challenge everyone to have a blast and discover Pitt County by getting lost on this most unusual but well planned raily. Free beer and trophies will be waiting ‘or participants after the rally Menorah lighting A lighting of the Menorah will be held on the mall at 6:30 Dec. 10 and a party wil! follow in Brewster 104-B Friday, Dec. 13, at 8 p.m. a service will be held at Dr. and Mrs. Resnik’s home 1612 Longwood Drive. Contact Pam Taylor at 752-8540 if a ride is needed U S.0.U.L.S. project S.0.U.L.S,. 8 community awareness project in the city of Greenville, a Christmas party for the needy children of Greenville. Preschool and elementary aged children and their parents will be invited. The campus is urged to cooperate and attend and contribute their talents to make this an enjoyable evening It will be held at the Methodist Student Center on Thursday, Dec. 12 at 7:00 p.m Dinner meeting The Greenville/ Pitt County Association of Educational Office Personnel will have a dinner meeting Tuesday, Dec. 10, at 7:00 p.m. at Parker's Barbecue Restaurant on Memoria! Drive All membership and prospective members are invited to attend. Member ship is open to anyone employed in the offices of local, public or provate educational institutions or their adminis- trative offices The dinner will feature an address by Dr. James L. White, director of the ECU Office of Sponsored Programs. Door prizes wi'! be awarded. No advance reservations are necessary Chi Beta Phi The Chi Beta Phi pledges are holding a Christmas drive the 12th and 14th of Dec On Thurs. the 12th, location will be the Old C.U. lobby On the 14th place to be announced later on through the week All can foods and clothing will be greatly appreciated. Time 94 on Thurs 35 on Sat Christmas gifts Is the Christmas Gift Budget a little ramped this year? Do something about it by learning to make some of those gifts yourself! Wanda Earp will be in Tylers lobby, Wednesday, at 4.00 to show how to make Animal Cracker Pins, Popular Big Bead Necklaces, Decoupage, Decorative Ash Trays, etc. Don't miss the chance! CONTENTS ART SALE Page one SGA REPORT page one NEWS FLASHES Page two ECU GRADS SURVEYED Page three OFF THE CUFF Page four THE ECONOMY page five REVIEWS Pages six, seven, twelve EDITORIALS/ COMMENTARY / FORUM PICTURES OF CAMPUS INFLATION page thirteen CHILDHOOD EDUCATION SPORTS pages fifteen, sixteen pages eight, nine pages ten, eleven Page fourteen FLA sponsoring, as a iF FLASK SGA interviews The SGA will be | inteniewing applicants for representatives for Jones, Jarvis, Aycock, Belk, and Day students for Legislature. It will be in Mendenhall! Room 237 on Dec. 16, at 3:00 p.m. Applications may be picked up in the SGA office Coffeehouse It's not too late to sign up for Coffeehouse Audition Nights. If you have a talent that you would like to present before a live coffeehouse audience with the possibility of appearing again at the Coffeehouse at a later date, contact Rick Spencer, Coffeehouse Chairman, c/0 Mendenhall Student Center night away The audition shows will be held Friday and Saturday, December 13 and 14, beginning at 8 p.m. each night. Participants should be prepared to present at least 15 minutes of material String ensemble The Baroque String Ensembie wii! present a program on Wed., Dec. 11 at 8:15 pm. in the AJ. Fletcher Recital Hall. Rodney Schmidt will conduct the program, featuring Bach's Brandenburg Concerto No. 5 in D and Coveili's Concerto Grosso Op. 6 No. 4 in D Slides Ever wondered about the land of Buillfights and Flamingo Dancing? Come tO see a slide presentation of Spain and Portugal given by Kathy Kleppinger tonight at 9:30 in the Tyler lobby Holay! ACEI There will be an organizational meeting of ACE! tonight at 7°30 in Mendenhall! Assembly Room on the second floor in Mendenhall Student Center. Anyone interested in children for any reason please attend Teach-in There will be a “National Teach-in Against Racism’ and a “National Freedom March for Human Dignity” on Dec. 13 and 14. The National Student Association (NAS) has called for active support. The ECU SGA passed a resolution Monday pledging solidarity with this action We urge ali interested persons to contact the Greenville/YSA (758-0656 or 754-2619) for further information Frosh registers All freshmen who ordered freshmen registers can pick them up in the SGA office in Mendenhall on the second floor C.C.C. Campus Crusade for Christ meets every Tuesday night from 7 DM. to 8.30 p.m. in Brewster, room 103 § an interdenominatinal Christian movernen: The meetings are open to all students For more information call 752-5056 Vets thank you The East Carolina Veterans Club would like to thank the student body and the ECU book store for patronage and/or cooperation with the Veterans hook exchange ' ! Writers checks! Beverly Barnes, Jeff Rollins Mac McPhail, Elva Harkrader, Jim Kyle. Rober Deirof, Kathy Koonce, Larry Zicherman and Nancy Hartis! You have wr ters checks in the Fountainhead office P Aase come by and pick them up! Careers Night Psi Chi will have Careers Night is Psychology December 10, 1974 at 7% p.m. in room SP 129. This program wi discuss career opportunities with a BA degree in psychology and the graduate school opportunities in psychology at ECU. All students are welcome to atten Attention Kenneth Campbell, Richard Leagan Kim Johnson, Janna Johnson, Jenniter Lynne Gibbs. Ken Bradner, Bil) Dowty Kirby Harris, Tom Tozer, Elizabeth Barrett Sam Newell, Martha Roberts, Saran Sager and Bill Lyerly! Plaase go dy Student Fund Accounting Office on second floor Mendenhall to fill out tax fey forms so you can get pad [Of Fountainhead writing NTE National Teacher Examination (NTE) will be administered Jan. 25 at EU designated as one of many test centers throughout *he U.S. According to John Childers, ECU's Director of Testing, the examinations are offered to college seniors preparing [0 teach, to teachers applying 0 Certification of licensure, and to those seeking positions in school systems which encourage or require the NTE. Bulletins of information conceming the NTE and registration materiais ae available from the ECU Testing Office, 204 Speight Building, or directly from the NTE, Educational Testing Service, Box 911, Princeton, N.J. 08540. Onrigt ILM. te 0 S an ement 8. For rett tax {TE) ters U's to for ch MES a \@ Campus office does research By MIKE TAYLOR Staff Writer you ever wonder how many of jad Eskimos live in Pitt County and tend East Carolina University? It is you ever did f you ever wanted to know iq like that, more than likely the tion could be found in the Office of nal Research in the Rawl Annex © do research work on just about ) and everything,” according to ssery, Director of the Office of nal Research hie Ussery assures that most of the work is spent on matters much nporant than tracing down the vt lefthanded Eskimos, the firector noted that this was a ,ample of just how diverse the areas tigation in his office are jo all types of research work for nistration and academic branches well as student services. And the even does some work outside the y community in the area of alumni Ussery continued ery commented that most of the mes into his office from the tration of academic departments “nen a question comes in from one of eas it iS Our duty to research the wnalyze the information and itives and then produce information tive of the decision or policy 1 Ussery explained ery pointed to the need for such an help the administration of the tion in its decision-making role in institution of this size, where the iministration is making policy decisions, need someone to do researct: work on ese policies and this is where we come ssery added. But Ussery was quick to point out that ffice only deals with research on poicies and not making decisions on Nose policies ' 1S Only Our job to Conduct research ‘he policy that supports some recommendation. We don't recommend anything,” Ussery clarified. The Institutional Research Office, omprised of five fulltime staffers, two yaduate assistants and four student Nelpers, usually handles two basic types ' issues, Ussery noted. First, the Research Department deals wil) requests that are in response to peCiiiC Issues this case we collect related formation and analyze it and then make ‘he results available,” Ussery added. (he Research Office also conducts esearch studies solely on its own lative Studies done like this are on issues ‘Nat we feel will become timely in the ‘uture,” Ussery noted. AS an example of this type of research "Ne Director mentioned a study his office 'C IN 1969 on the effects of moving 4 of the dorms on the grade average ot ODNK Mores "he study was conducted and filed some few years later when the “IM nistration was thinking about “anging the housing policy and needed me information on the matter and called Ne Research Office This is the type of research we are ROBERT USSERY a DUMNINg issue NOW Could be helpful in the future,” Ussery continued To carry out these research projects Ussery and his staff use information available from the Registrars office, Admissions office and other departments on campus The Director aiso noted that for some studies a survey of the target population involved was required Total enroliment figures come through Ussery's office and the Office of Institutional Research is also responsible for coordinating the release of statistical reports about the university to outside agencies Ussery noted that the Office of Institutional Research was first opened on campus in 1966 “There were two people employed in that first office. Since that time the office nas grown as the work joad grew larger along with the expanding university,” Ussery continued Ussery first joined the Institutional Research office staff during work on his M.A. degree at ECU CLASSIFIED GUITAR FOR SALE:ARIA_ imitation telecaster with case, $200, without case, $175. Can be seen Room 116 Garrett. FIREWOOD FOR SALE: Contact John Spence in Music Dept. or call 752-7028 after 6 p.m. for information FOUNTAINHEAD/VOL. 6, NO. 22/10 DECEMBER 1974 3 Se edi nanditetndinitntitntndint trite eee —E—_—E—————— eee Survey studies graduates By MIKE TAYLOR Staff Writer A major follow-up survey of all 1972 graduates of East Carolina University is currently being conducted and will be released to the public by spring, 1975 The study is the most complete and thorough ever done on an ECU graduating class, according to Robert Ussery, Director of the Office of Institutional Research which is making the study The published study will be a guide to just what happens to ECU students after graduation. “Through this study we will be able to see where our graduates live for the most part. Do they stay in North Carolina or go elsewhere? What kind of incomes do they have? Do they have a job or if so is it in the field they studied here at ECU. These and many more questions will be answered with this study,” Ussery explained Ussery sees the study as a chance to check ECU's. output. “The type of business we are in is dealing with young people and hopefully preparing them for life and a career. But, are we fulfilling this duty? Just what happens to a student when they get their degree from here?” Ussery asked “Most institutions don't conduct this kind of study but | think it is most important that we show some account- ability in the product we are turning out,” Ussery contended The study will provide a wide-range of useful information to the university, Ussery believes The Institutional Research Director gave one example of a question on the survey that asked what type occupation the former student is now engaged in. “If we find out that a lot of students majored in one field and then ended up doing work outside that field that may tell us something about that particular curriculum on campus. Ma come changes could ROOMMATE NEEDED to share expenses at Villege Green Apts. Call 752-7011. FEMALE ROOMMATE NEEDED to share 2 bedroom apt. with 3 other girls. Tar River Apartments, biking distance from campus. ‘Call 758-0655. TYPING SERVICE: Call 758-5948 be heipful in getting students to stay in their area,” Ussery noted. “Through this kind of study we can gauge just how effective our programs are here at ECU. We may be off in another world and just don’t know it until we do a little research to see what happens to our product when it leaves here,” Ussery continued Ussery, who has been Director of Institutional Research at ECU for five years, admitted that the study was by far the most exciting program his department had undertaken since he has been here “This is really something new as far as researching your alumni go. Few institutions do this kind of study,” Ussery noted “Of course some of the big institutions point to a couple of their most outstanding alumni that everyone has heard of. But, what happens to all those other people that graduated with that famous person? What are they doing and how? That is something that we need to know but in the past have not kept track of,’ Ussery continued. “Our alumni can tell us a lot about this institution. In the past we have not tapped that source like we should. In this survey | think we can make use of this valuable resource,” Ussery concluded. The study, to be out this Spring, was first started in 1972 when the Office of Institutional Research in cooperation with the General Administration surveyed the Spring graduates. In 1973 Art Padilla of the General Administration conducted a followup survey of a random sample of those 1972 graduates Then, early this year the Research Office conducted a followup of the remainder of that 1972 class. Preliminary analysis of the responses has been conducted and further analysis is continuing, according to Ussery. CHARCOAL PORTRAITS by Jack Brendle. 752-2619. RIDE WANTED: to Long Island, N.Y. (Huntington area) on Friday, Dec. 20 anytime after 1 p.m. New York City area O.K., too. Will of course share gas expenses. Ride also wanted back to Greenvilie in time for class on Jan. 6. Contact Dave Englert at Fountainhead 758-6366. — $2.50 Carribean Foods Live Latin Music- Table Clothes Carribean Cruise SPECIAL Door Prizes Thursday JONES CAFETERIA Dec. 12 -4:30-7:30 Candle Light $2.50 _ A) hd behe 4 FOUNTAINHEAD/VOL. 6, NO. 22/10 DECEMBER 1974 Off T.1e Cuff By JIM DODSON Features Editor “THE SELLING OF THE SEASON” Christmas is coming, the geese are getting fat, Please put a penny in the old man’s hat If you haven't got a penny, then a half one will do, If you haven't got a halfpenny, then God bless you!’ And once again the holiday season is upon us. But as the anonymous rhyme so aptly Suggested in the eighteenth century, perhaps in light of current economic conditions the old Christmas goose that adorns most people's tables this year is going to be a bit thinner than usual. Indeed, almost everyone is concerned with just “making it through December’. Instead of a “white” Christmas it appears as if a ‘tight’ Christmas is in the offing. The fact that we're going to be a little less abundant in our material giving this year might be a blessing in disguise, for it will necessitate the giving of yet another and more precious of commodities... ourselves. To most, this is the real spirit of Christmas Dut you can rest assured that the ‘battie for the buck” will be tirelessly waged by the merchant in order to secure a little “fat” for his own goose To be sure, the life of a merchant is a precarious one at best, for in his world of “super Sales” and “20 percent reductions” he’s constantly reminded that the competitive market S a snarling tiger who devours the weak, and who's hungry grow! can often be heard emerging from the pit of an empty stomach. And in a time when NOBODY is buying ANYTHING that grow! probably sounds more like a roar. This ‘super sell’ philosophy is nowhere more evident than in the type of material that comes flickering onto the screen of that box you spend six hours a day frozen in front of in your living room...the television TUBE BOOB Like most students, my television viewing is one of those pliable juxuries that suffers considerably during the schoo! year. Occasionally however a small break in the routine, such as a holiday, will grant me the opportunity to put it down in the old armchair and absorb a few undisturbed rays from the “idiot box”. This past Thanksgiving holiday was JUSt SuUCN an Occasion As a general rule, | have always been intrigued with the mental power that goes behind selling, and while | was sitting there snorking down Planter’s peanuts (a dozen in a throw), watching the no day football games, | become more interested in the “action” that occurred at timeouts when the networks S!ipped away for station identification. (or IN layman's terms. the breakaway p ay tO Make a Duck.) | WaS amazed by he bombardment of claims that many commercials possessed, and | waS equally Skeptical as tO whether any rational and responsible viewer Could accept these “claims” on the basis of what was shown Then | remm2mbered that most commericals are aimec at an eighth-grace intellect, in theory ai least. Some however would be an insult to the average pre-schnooler. Here's just a few examples for your consideration Probably those that represent the greatest insult to the intellect are the so-called ‘remedy’ commercials that seem to appear on the tube every ten minutes. To the casual viewer they probably don't mean too much. but to someone viewing American television for the first time, they might gather the impression that the national affliction is irregularity’, and that at least one out of every ten people you meet suffers from some symptoms of (you know what). Indeed it may be a fair assumption that without Geritol and Ex-Lax in our medicine cabinets. we might lack that Old American “get up and go.” (Depending upon your viewpoint.) “MEDICALLY PROVEN EFFECTIVE” The commercials | am personally fond of are those in which a distinguished-looking man in a nice Palm Beach suit, sitting behind a distinguished-looking desk, with sheives of distinguished-looking books behind him, holds up a folder and asserts in an authoritative manner that in a “recent report” his product was shown to be the most effective remedy onthe market Unfortunately he never reveals exactly what the report |S, Or what it is more effective than. For all the viewing public knows it might prove that aspirin is more effective in curing a headache than standing on your head humming the National Anthem, in your underwear, ina raging snowstorm, at the north pole, during the East African monsoon season Deodorant commercials are a lot of fun too. You automatically know which brand to Duy if you are interested in having a cotton-ball stick to your arm. Another favorite is the denture commercial in which the announcer asserts that a genuine string of pearis made of denture material” that has been soaked in coffee for ten years is easily Cleaned by his product. From my point of view a “string of peals made of denture material’ iS just a String of beads, but they would never call them that. This could suggest two or three things: 1) the produce doesn't sel! and thus the company cannot afford real pearis 2) the product does seli but the company is too cheap to use real pearls, or, 3) the produci will clean your wife's string of peals provided they are made of denture material. and have been soaked in coffee for ten years ‘Cruise’ set to leave Jones cafeteria Thursday night By BEVERLY BARNES Staff Writer Have you ever been on a Carithean cruise? If you have, do you remember how nice and romantic it was? Now you have a chance to go again, or to go for the first time, if that be the case Thursday from 4:30 - 7:30, Jones Cafeteria is going to have another of its famed specials. “Caribbean Cruise” is the theme und everything will be just as if you were on the islands There will be live music by which to played with prizes going to the winners First prize will be a radio; second prize will be five silver dollars, and third prize wil) be a $2.50 dinner. Every fiftieth person who walks in the door will receive a. siive dollar This meal is going to be entirely different from the instituionalized Meals which students are accustomed Said Stanely G._ Linder, manager of the cafetena Upon stepping into the cafeteria jt will no longer seem as if you are in Greenyilie N.C., you are going to be on the Car boean islands dine and dance. The meal wil! be served by romantic candielight. Limbo, the cultural game from the Caribbean will be ONE FOR MOM Detergent commercials do more for the glorification of Motherhood than any chapter ff the Future Housewives of America. They ALWAYS reflect mom as the patient. JOO0-Natured type who always !OOks her best, especially in an “unrehearsed” interview in which ur roving” reporter aiways finds her pushing a shopping cart around the supermarket adorned in the latest St. Laurent original. Probably the one commerical which typifies thismost is the one in which Mom watches little Johnny jump down from the schoo! bus and into a mud hole up to his knees. She then laughs good naturedly turning to the audience assuring us that as long as she has her trusty box of “Sudzo” she s not about to worry about dirt stains. She keeps smiling as she pulls little Jonnny’s Muddy clothes off and drops them into the machine. She then iovingly dresses |ittie Johnny again who promptly scoots out the door and dumps his little fanny night back into the mud hole. Mom still smiles. Again, this could suggest two or three things 1) Mom has an affinity for Muddy clothes. 2) Dad makes “fifty-grand” a year and she doesnt care what little Johnny does, or 3) Mom is making “fifty-grand” for the commercial, and she and Dad have taken out a one-hundred thousand dollar life nsurance policy on little Johnny and plan to move to Florida on the money they will collect when he catches pneumonia and dies from running around in the mud in the middie of February MOBILE HOME PITCH Living in eastern North Carolina it is almost impossible to escape the high-powered Sales pitch of the mobile home dealer. (| remember when they were just called trailers.) It seems that there is so much competition in the market that they will do aimost anything to lure the prospective buyer. Some give away hot-dogs and cokes, and balloons to the kiddies. Others are more extravagant and give away things such as Season tickets to the American Legion's summer softball league. Still others give away expensive appliances and home furnishing. | understand that it is getting to the point now that if you make them a good deal on a television or pool table they'll throw in the trailer for free. You've got to be careful about their slogans too. For instance the other day | heard a dealer announce that he was going to give away a free bottle of mouthwash per customer, “as long as they last.” Did he mean the customers or the mouthwash? Again it migtit suggest two or three things: 1) business stinks and he's naving to give stuff away to get people in off the street 2) his customers stink and its a good chance to unload those six-hundred cases of mouthwash he was stuck with when Nis drive-in drugstore went out of business, or 3) he's using the mobile home business as a “front” and drumming up business for his moonshine operation by pawning of mouthwash which is really 120 proof radiator fluid ALL IN ALL... Granted that it has its weaknesses, | would be the first one to agree that we would be virtually Nowhere without the system of product commercialization. Twenty million people would never have had the unique privilege of owning their own Edsels o cap-snafflers” (which really, really work.) Indeed the whole structure of our {ree enterprise system is dependant on this balance of “buy and sell”, this economic intercourse between the consumer and Madison Avenue. If you can keap that in mind you shouldn't have any trouble in picking out what to give this Chrsitmas, just thing about how much you are getting in return. Next Tuesday Some suggestions for Christmas giving on a limited budget, and so sincere thoughts on the season itseif...adieu @ 3x57 101 ent Inf! ren hal rei tha alle ext nt Mo pro avo req Infl Mo by | goc goc Ob) An Incl por pro pur mor IS ace SES Se ae ee a ae FOUNTAINHEAD/VOL. 6, NO. 22/10 DECEMBER 1974 5 ene eeu intineet aaa eee Part one in a series of four W.I.N.: A contrary theory of U.S. economies four part series cations by the editors. By JOHN OTTO MENTHA Special to Fountainhead A person who watches television news ws and skims a major daily newspaper xcasion cannot help but become wamped by discussions of the economic piems of the United States and world je inflation. | have watched and read incredible disbelief, observing re ians and economists attempt to sel rograms designed to ‘flight inflation’ The only consistant points in the rity of these affronts to intelligence 1) the dire need to discover the causes nflation, and 2) it is the fault of the ; somenow). Vhen such speeches yout public responsibility and the acrifice necessary to overcome these hard es are concluded, the only substance it one can distill from them is: a@ “we t know what to do!” b “our advisors t know what to do!” therefore c- “here what we are going to try...”. If these treason appeals to you, skip to the S or the sports pages if there appears an inherent nsistency in the sequence above them ease consider this...now many con mentators, newsmen or government pokesmen attempt to explicitly define the injects on which they comment? Of nose who try to be specific, how many jefine’ terms by an outward or surface description of the subject and its effect, rather than by an empirical definition? | hope you grasp the implication; either tney don't fully understand the nature of that which they are describing, or they Jon t want you to be aware of it. Recently, the Fountainhead, Vol 6, NO. 16, 31 October 1974 carried an article entitled “Econ Professor Proposes inflation Remedy”. Upon reading the review of the proposals | decided the latter half of the implication was more fitting. What disturbed me more than the mere reiteration of half truths and fallacies was that they were perpetuated by an alledgedly learned body. | would have expected genthamen holding Ph.D degrees iN economics and business to command more hindsight and reason in their proposals, to grasp realities rather than avoid them. An intelligent discussion of inflation requires a precise definition of the term. Inflation is an increase in the quantity of money (Total purchasing media) not offset by a Corresponding increase in negotiable goods (reserve metals or manutactured goods), resulting in a decrease in the Objéctive exchange value of the money. (1) An equivalent statement is - inflation is the increase of the money supply dispro- portional to the amount of goods being produced, leading to the diminished purchasing power of that money. The Money Supply, or total purchasing media, 'S Suitably weil defined by the accompaning chart (see appendix) On consideration of this definition one might raise the question of whether all extension of credit is infiationary. An example of a non-inflationary extension of credit would be where a merchant extends funds or materials to a manufacturer in return for receipts representing a claim against goods to be delivered at a future date. These receipts would be negotiable and would be accepted as ‘credit money’ dependent upon the ntegrity and reliability of the manufacturer. The counter example demonstrating inflation- ary extension of credit is where the manufacturer issues more receipts than Can be covered by goods in production The majority of present day lending institutions (including all fractional reserve banking institutions) engage in some form of the latter with the presupposition that not all persons holding receipts will try to redeem them at the same time Since the definition of inflation deals with the money supply and its management, let reflect upon the subject in an attempt i. discern its nature and function. In a preindustrial society with little division of labor (i.e. most persons are subsistance producers) direct exchange of goods offers a means of trading for desired goods not purchased at home. With increasing specialization and reduced seif-sufficiency, Nowever, direct exchange becomes cumbersom. His- torically exchange was then executed via some intermediate item; usually the commodity most in demand in the community. The medium of — indirect exchange often varied with geographic locai, ranging from sait to wampum etc. As horizons broadened, a more generally accepted commodity emerged to become the money A most important truth about money now emerges from our discussion: money iS a com modity. Learning this simple lesson is one of the world’s most important tasks. So often have peopie talked about money as something much more or much less than this. Money is not an abstract unit of account, divorce able from a concrete good; it is not a “claim on society”; it is not a guarantee of a fixed price level. It is simply a commodity. It differs from other commodities in being demanded mainly as a medium of exchange. But aside from this, it is a commodity - and, like all commodities, it has an existing stock, it faces demands by people to buy and hoid it, etc. Like all commodities, its “price” - in terms of other goods - is determined by the interaction of its total supply, or stock, and the total demand by people to buy and hold it. (People “buy” money by selling their goods and services for it; just as they “sell” money when they buy goods and services.) (2) In the market place where money and goods are traded, the concept of “price” enters the language. In terms of commodities, the objective exchange value of a good is its ability to command a certain quantity of other goods, and therefore the price of an item is the actual quantity of other goods. Money, as we have seen, is acommodity hence “By ‘the objective exchange value of money’ we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money; and by ‘the price of money’ this actual Quantity of other goods. It is possible to express the exchange value of a unit of. money in units of other commodities and speak of the commodity-price of money; ...” (3) This enables one to set up ratios representing prices of goods in the market place. If one orange is traded for two applies, the price of an appie is one-half an orange. Similarly, using money as the primary trading commodity, if one-half dollar is traded for one gallon of gasoline the price of the gallon of gasoline is one-haif dollar. The exchange ratios may then be established to suit the direction of the transaction and be expressed per unit of the item desired. So we sce commodity money traded in the above manner in the market place (1) Von Mises Ludwig, THE THEORY OF MONEY AND CREDIT, translated by H.E Batson Foundation for Economic Education, Inc., New York, 1971, pg. 240 (2) Rothbard Murray N.. WHAT HAS GOVERNMENT DONE TO OUR MONEY, Rampart College Pub., Santa Ana, California, Second Edit. Jan 1974, pg. 4 (3) Von Mises Ludwig, Op. Cit., pg. 101 APPENDIX Classical Categorization of Monetary System as presented by Ludwig Von Mises, Op. Cit (1), pg. 483 Money in the broader sense Money Money in the narrow Substitutes sense “ Fiduciary Media Commidity Credit Fiat Token _ Uncovered Money- Money Money Money Money Bank Certificates etc. Deposits FOUNTAINHEAD/VOL. 6, NO. 22/10 DECEMBER 1974 Reviews another care which that Axel gambies To Axel the THE GAMBLER:SAD COMPULSION By CHIP GWYNN Staff Writer At this point in the film we become sure that wheeling and n order to pay off his debts, |s the bulk How fairly Axel's Jealing going to adsort of the plot IN Some Occasions | feel the need or ever. Czech born director Karel Reisz fesire t see a certain film more than Mc ral isadora has another fea nce. A second screening the film tore for us. Through his direction Axe ffers a unique opportunity to study the treats the natter f his Jebt f without having t prhnovlinnoeai x ff-handedly that the seriousness of the feeply on the plot and dialogue S tiation yreatly reduced the minds of second or even third viewing a! eigstet a ' eaves up free to watch for visual details Reisz further istrates Axel s lack of and certain cinematic effects, which may ; ‘ : for money by showing him at a have gone unnoticed before birthday party at the mansion of his | saw “The Gambier’ only once, but | millionaire grandfather (Morris Carnovsky) somehow felt the compulsior see ita We began to realize that the $44,000 debt second time wanted to see Be for not going to be the crux of the film and any visual images, but rather reattirm somehow the feeling that Axel will wir nat | thought the film was trying to Say n re of “The Gambler is, indeed, a wel! made fil a oe wy oF ee . wares Jiory becomes an increasingly din ts interpretation and chance left me Parlor Axel Freed (James Caan College English professor, who tre English class to Dostoevsky, an a Jan no at < tr fantast yambdling det the oper hots of the film we Osing quite abit ioney at a lifferent games ft chance yvve that he 2 aneuverex 44 OO t eot t ne people that t kK i jues We en 4 4 + se t ia v Dse ¢ ry OOK Mak 4 ack a ent ¢ 1 a: asf ’ af xact A Pe Wer are led r ¢ 3 Na r al Hot pit f 4 a aC) t A xe probier i REPAIR ALL yf aman wh the Bingo tempts = prospect as the movie progresses Almost aS easily as he lost it Axel borrows the $44,000 from his mother s a New York ‘ si i aa : Jacquelin Brooks). She admonished hit 2atS Pers P t 10 some serious thinking about his i y UL 1 i Jambling problem, but Axel seems to shed 30e * this warning as if it were another bed See Axe! t ‘ placed and lost. Axe! takes his Mother's imover Money and departs for Las Vegas, with his n leart : Hut ¥ t tne OVIE via 3 lidd ph xe areer, and her f jebut paid ewnat le tna pectacula partly os AXCAUSE er ¢ 4° Axel's female e P pa Jives her little to work witt Axe ; f we jer the traditional view of pit ja t W 1 see that winr cas WwW e {Ne jitimat Dbiective. For a : Je.nbier to draw > fe straight and " . ‘ +h r ‘ ; ‘ 1 thre but we ¥ as i ) fea 10 AD IE as Vegas we see. for the \ t time el hitting a winning streak ea $44 (KK r a) eet } ent the JiIOw fawinner $44 ettlex ver Axel At the Black Jack table LADIES NITE Ladies 50° cover charge free draft 8-1] draft 15° daily 4-5:30 *BOOZERS’ oapacaancas: SMITH’S TEXACO ACROSS FROM COURT HOUSE Free lubrication with Oil and filter All mechanical guaranteed Phone 752 2945 work PEVTTTTETLE eee Peers rs Open daily 4 p.m, SINK & DRINK $2.00 cover charge- all can beer you can drink 8-1] Every Wed. nite Can beer 35° 11-11:30 12-12:30 take three At blessed and we jecides t this ip a rea point Axel Jeciares that Ne aN S08 the satisfact that winning brings to a yamoier tra y y yt thy ugt thie satisfact the Q NO! eS Joe rot een t satisfy Axe pint their Hote room Axel paces the floor and refuses t be comforted by either his winnings or his yirlfriend. They decide to fly back to New York that night New York Axel finds out that he has already lost half of fr WINNINGS because f three college basketball games that he bet on before he left for Las Vegas. Axel pays his febt and promptiy makes another, by putting the other half of his winnings (the original $44,000 from his Mother) on a Los Angeles Lakers game Axel goes with the Lakers and loses the if his money, but now finds that he off to sleep without any problem again confronted rest an fal Now Axel is once with his $44,000 debt to the Mob, but for some reason it seems that this is the position that he wants to be in. The Mot finally rners Axel and forces him into a jeal, ompensate for his gambling jebt Axe 197TeesS + fix a college basketball game by bribing the star of the teart wh « his Eng s} ass. Axe! x mmplishes tt without any problems and is nveniently let ff the hook regards to his debt Again Axel emerges on top, but this is { what he wants. Axe mM very fag the need t Nake we Kore Det the f 4 PQUe f f the filr Axe joes to the middle of the black saction in New York, and tempts fate with his own life. It { til Axe t ace ashed open ina knife f nt does he fulf ms gambdi ng rge The ire of self-destruction and ar verpowering death wish are the reasons v GSLLLSSSSLSLSSSSSSSL SSL ALS LSS SSS SLS LSS A ALAS AA LILLLLA ALLS LS LSS LL 103 Trade St. SALE 4x6....... pt re 32x42 in. + ee 18x30 in. The obvious parallel sco Paige We can see a rational English scha Juring the day and a compulsive sambler by night. The evident interpretat that through gambling Axel provides + ‘ with a certain amount of instabi\ity Tt not worth anything unless + mech E PX Vinning is not the name of thy same | NI Axel, but rather now you lose a Bo Axel is a multi-facete ’ person who teaches himself to > 4S ising Dostoevsky and Willa ‘ar W ams as the go between He salle + fe style to his students and he Ns b ate tO the Roulette whee neext for a feeling of vertigo mar fasts 3 tself in Axel’s irrational ex; wit a, hance We watch as he looses more ang a more money, Dut a Sense of delaction never sets in. Axel’s pleasure S : and what becomes apparent in the : the movie is that he is not an English : : teacher who gambles, father a gamble, : bd who teacher English on the sic ; What Reisz has given us 4 bleak lispondent picture of a man who gambles : with more than just money, anc |s not ontent unless he looses The fir * mpelis us to a sense of aliena’ frog the hero, and | found mysel! 1iNg with ae fate, hoping that he would be k) ad in the é final sequence To me the move taxes : pains to illustrate a point that Goes { oa ‘ bare ustration This movie now playing at Plaza Cinema _ § students why have cold floors: Scatter Rugs With 3in. Fringe Regular $15.00 Hurry While Selections Are Good N LLLP LLLP LLL LA BPP PPP PIP PDP IPI PIII ISI I FOUNTAINHEAD/ VOL. 6, NO. 22/10 DECEMBER 1974 Reviews PORTRAIT OF A MARRIAGE PORTRAIT OF A MARRIAGE by Nigel Nicolson. Paperback $1.95. A Bantam Book By PATSY HINTON \A Staff Writer 1962 soon after the death of eWest. her sor Nige the executor of her estate, cut away 4 gladstone bag in Vit la S room. Init he found a large a flexible cover filled with his near pencilled script. The first 10) were abortive drafts of a couple horn stories. On the sixth page er headed July 23rd, 1920, began an page first person narrative that years later would become an itional best-seller. For in those pages Vita Sackville-West, y ent of a great Kentish family ;onizingly analyzed a love that possessed y and mind, threatening to break up riage - a love for another woman t TrefuSis 1920-1921 memoir of Vita’s three-year affair with Violet written when Vita was 28, fills iQ ne third of PORTRAIT OF A MARRIAGE. The other two thirds of the tax we a contribution by son Nigel, taining biographical annotations and a ng tribute to the “perfect marrage’ mother to Harold Nicolson, a Previews The East Carolina Playhouse will open S second major oroaduction, A SCENT OF FLOWERS in the popular Studio > Theatre on December 11th at 6:15. Ine ty will run through the 18th A SCENT OF FLOWERS is a deep “ding work, full — of shadowy vercurrents, but it is also funny in places Newsday called it “a_ literate, eiicate and lovely fantasy, filled with the kind { wonder that has been uously absent from our theatre of The show is a portrait, not only of a ture death, but of life and love and ching failure of those who reach out but cannot retneve the loss to they have unwittingly contributed ant and haunting memory play poignance and humor ASCENT OF FLOWERS is directed by Biehn, who was responsible for last nash hit DRACULA | Liz Gieger of Port, Onio will play the lead role of nad Greg Zittel, veteran of many e* Theatre productions, will play e herin the role of Godfrey. Robert ims desgined the sets and Carol H Ned the costumes S for students are free with their activity cards. Tickets must be 1p at the McGinnis Auditonum box fom 10°00 thru 4:00 or at the Studio wre box office from 7:00 till curtain nights of performance. Tickets for Se production will no longer be Stnbuted at the Central Ticket office ' Mendenhall Student Center na ¥ , * well-known Britist mat ar write Tr igh Nigel! N nf nd his mother ‘ * © che ex ' ation of f f ae t re ar: t ama of 4 N i 4 ‘ retacs nat he . { the 19 4 4 DPTIENCE f Kind need nger be regarded as 4 wt went at ‘ ! if the yutot yrapny wa aritte with ¢ f ral motion, a Nas a tegrity and validity ‘ if ‘ 7) } ‘ 4 £ There is no doubt that he had the profound emotion” part right, in any event. Vitas memoirs are ntensely moving, absorbing the reader in her touchingly frank open style. For example, she shares ner doubts with the reader in her opening lines. “Of course | nave no right whatsoever to write the truth about my life, involving as it naturally does the lives of SO many people and, in conclusion to her narrative, shares her sense of foreboding after the termination of her affair with Violet: “The injustice and misfortune of the whole thing oppresses me Nourly, it gives me an awful sense of doom - Violet's doom...” And in between these two lines lies a searing, passionate account of a marriage that had every reason not to work and yet did Nothing has been held back, at one point in the book Vita hestitates to tell of the times she dressed as a boy in Paris, but then admonishes herself: “I! must If you could go to a concert featuring the sounds of JOhnny Cash or from Bourbon Street in New Orleans, or “Show Time” in Las Vegas, you would probably buy a ticket, right? If you could get this talent free, you would definitely go, right? On Thursday, December 12, at 8:00 p.m. the U.S Navy's newest Country group which also features a fast-moving floor show Don't forget...the Navy's Country Heilmsmen band...pertorming live and free at The Mendenhall Student Center Theatre Show time is 8:00 p.m December 12, 1974 rite it here shirking the truth here 7 r ¢ ‘ r i” Ke CA OSE playing f f re ‘ Oe fescribe ¢ € 4 KNaki Dancage re) ‘ OG ed ner face and nands an - t 4 her Julian. She ‘ ) x 4 ive eve ¢ ( But Vita saw her affairs (she also had flings with Virginia Woolf and Rasamund Grosvenor, a childhood friend) not entirely aS a point of liberation, but rather, as a fantasy, aS one side of what she thought was her dual personality. She says that she “Hold(s) the conviction that as the centunies go on, and the sexes become more nearly merged on account of their increasing resemblances...sucnh — con- nections (as she had with Violet) will be to a very large extext ceased to be regarded as merely unnatural and will be understood far better...” But Vita then goes on to spout the “perfectly accepted theory that cases of dual personality do exist, in which the feminine and masculine elements alternately preponderate.” In several parts of her account she excuses her actions with Violet as the actions of a ‘different person”; she describes herself as being, ...half mad.” But Vita uses these excuses, not as an explanation of her homusexual behavior (she never really felt any shame or guilt as far as that went), but rather, as an explanation of her cruel treatment of Harold, her adored husband That Vita consistently, deeply, loved Harold. even when her affair wit! Violet reached its most passionate depths, |s i t y guilt Vita felt was due to the iffering she caused her patient enduring yghout her memoirs, she v yut breaking things to hin ently. about the effect of their separatior him when she is with Violet tr pe. Vita refers to Harold as “an ange! n eartl all sweet and gentie and dependent upon me And it is Harold who eventually wins ut when the struggie within Vita is at east partially resolved. Vita eventually leaves Violet Trefusis and, though she stil! had affairs, her elopment with Violet was the only crisis of her marriage to Harold Son Nigel sums it up: “Violet had shown them that nothing could destroy their love, which was actually enhanced by the copiete freedom they allowed one another. Harold would refer to Vita’s affairs as ‘your muddies’; she to his (he also had homosexual bouts) as ‘your fun’. No jealousy ever arose because of them PORTRAIT OF A MARRIAGE has been called “the sort of piece young D.H Lawrence might have written had he been a wornan,” (Boston Sunday Herald), “one of the truly fascinating and civilized books of this year, and the years to come,” (Leon Edel). Indeed, this real-life experience of a woman with a very extraordinary marriage will live on in sexual history as a supreme document MOVIES NOW THE THREE MUSKETEERS By CINDY KENT Staff Writer “The Three Musketeers” is a lively, breezy movie that could well be considered the most vivacious, animated and funny movie of the year The familiar subject material is greatly highlighted by the action-filled perfor- mance of Oliver Reed, Richard Chamberlain, and Christopher Lee, Michael York as D’Artagnan, and none other than Raquel Welch herself as the fair damse!. Other top-name actors appearing in the film are Charlton Heston as the power-hungry Cardinal Richelieu and Faye Dunaway, as Miledy Dewinter, a beautiful and deceiving French spy, and Geraidine Chaplin as Queen Mary The i piot starts out with the introduction of Michael York, a galliant but ridiculously Clumsy young man who rides through the 17th century French countryside seeking to prove himself worthy enough to become one of Louis XII's famed musketeers. Through a series of action scenes combined with many comic antics and slapstick humor, the young man finally realizes his dream and becomes a musketeer, only to find himself romping into a critical situation involving romance, danger and political scandal. The piot them reveals the scheming attempts of Cardinal Richelieu and Milady DeWinter (Faye Dunnaway) to expose the love affair between the Queen and Great Britain's Duke of Buckingham, and the musketeers’ successful foil to their evil plans The story is greatiy enhanced by the tremendous pageantry of the colorful costumes and background scenery, which add alot to the many sword-fight scenes and also a brilliant French court scene nvolving a dance and celebration Other outstanding features of the film are Richard Lester's direction and Michael Legrand’s dynamic, emotional score which follows along and emphasizes the romantic and action scenes Although “The Three Musketeers” has been around for afew months, it remains a cinema-must for this year or any year [This film playing through Tuesday at the Park Theater. | Not to miss at the Park soon: SOLDIER BLUE starring Candice Bergen. A movie which when it was made a couple of years ago was not tremendously received but now society has caught up with it. See it! FOUNTAINHEAD/ VOL. 6, NO. 22/10 DECEMBER 1974 nina, Editorials‘;Commentary Politics for humans Neve AV atte 1€C a A r «pectat rex i eA v: + x . re o is Y rs . al =i pect W Ls < 2 = T “ear * | Fountainhead Do yOu Know because | tell you so. or do yOu KNOW Gertrude Stet EDITOR-IN-CHIEF / Diane Taylor MANAGING EDITOR/Lee Lewis BUSINESS MANAGER/ Dave Engiert CIRCULATION MANAGER/ Warren Leary AD MANAGER) Jackie Shalicross CO-NEWS EDITORS/Sydney Ann Green Gretchen Bowermaster ASST. NEWS EDITOR/ Betty Hatch CITY / FEATURES EDITOR/Jim Dodson REVIEWS EDITOR/ Brandon Tise SPORTS EDITOR/John Evans LAYOUT/Janet Pope PHOTOGRAPHER’ Rick Goldman FOUNTAINHEAD is the student news- paper of East Carolina University and appears each Tuesday and Thursday of the schoo! year Mailing address Greenville. N.C Editorial Offices Subscriptions Students Box 2516 ECU Station 27834 758-6366 $10 758-6367 annually for non eet é ex af v. ew? is * « BS t a4 . dv Ls € 3 . et nme en t e ac t S W a aor r a “ a tr ach ne x eo. F ratt rief ars worth of back t and sent t © apr Ped were anne! f me e k w the tudent he ne + . ecOmMe e next few week W NOW reate with. But ather fae e tanc on ™ Nas nd ner friqhtanc and ger gntens JSt aS NuUMan aS we are My se wr howed the tr , aT as ? ‘ > > “> oe ; we a ¥ 3 & J ww ‘ d - j ¢ ~ ¢ ~ ee FF —/ Ford in China? By JACK ANDERSON eyes ¢ iw ‘ . ted t ne MA ¥ . ” ¥ > "eK » x f Nat a ist ¥ { { ! i n on é tr ite ‘ ra ex t wever, that , , bie 7 « 2 ye To eere ‘ | y Se Menry ch Wa hye wk i 1 4 t wat va a at ePkKING ere are NS, Say xpert that a a 4 ninese b heme ‘ ‘ eoart ment wanwhile } 4 ” fif wat # ‘ tween Washingtor and ek Preside la 7S visit, they say another ster the ) road t 3? f AMenca t Economic Survey: Ve have beer Jucting yy wr f Survey + Aime a We have t looked for x fe ) Meas Urex } atist but for the huma fe of the tory. For the ecor f r a Story . Numan t Everywhere. we have f Americans nte } their beits eattie s affluent vue munity NOUSeWIveS are y nicker 4 Nea per mweat ‘ ne Boeing engineer told JS that flat Naw ' Ais purchasing power 25 6 ent. His wife W LOOKING fOr work they af nainta their WING tandards ' the mountains 100 miles away imber workers can't find jobs. One IMDerNack was thrown into the air by a timber rig. He landed on his back aUSING nes that sent hin to the Nospital. Witnesses said the accident was the company's fault. Yet the COMIpANy refused even to hold his job for hin In Houstor ” NNONEITEeS are piling t donor Jp record profits while they take nundreds hase ae fr on 7 government in tax : watt | PINGS, a smaller €xas town, the mother of Seven children als, Necting from the government $54 a month. She JSeC Ner first welfare ment to ty DUY Sheets for her « Nildren's broKkendown beds Power Problems wed The once-rosy future re Deen resounding the past | Hay eee 6 and Waitian exile ‘ TY a wound the Doc” Duvalier. widow of the lat tator Papa Dine refused pert eto father, In voor es nent ex) fou { hic Nneta his at 4 NOM Tr § Colonel Max > se MPOSING, Six-foot ” exile Marna Doc's on-in-law. According to insid ne feared that Dominique might stir rete thoughts among the citizens of Ha" Now, Say Our sources, Dominique May be mad enough to try The titular ruler of Hait Jean-Claude “Baby Doc spends much of his day playing !he guitar aNd TidiINg his Motorbike around the palace yrounds in Port-Au-Prince He / Say our State Depanmen But he’s only 22 year: 1 and aS a number of burdensome interests Speak Up: The Russian embassy |’ Washington is located on a Tain thoroughfare, next door to a building which houses a private club. Ator - embassy are several large antennas Ve recently asked an intelligence exper |! the Soviets Could actually hear ‘messages transmitted from Moscow. “We ~ the intelligence analyst with a tw : ‘ ) Duva wn the Ountry Sources -e tion his eye, “I don't know about the recep n the embassy. But we can hear pretty well in the club next door Diplomatic Pouch: One reason Hen" Kissinger gets along so weil with [ne mainiand Chinese, say our olf -_ sources, could be his unqualified |ove '! their food. “He glories in their Cusine wolls It one insider told us. “He just : down.” Everytime Henry goes t reise we were told, he gains about five poun’> and has to diet for weeks thereafter world he reas Vand return [ Mai! tne wer ty Rebe The Ret Rebe| f * To th 4s PUN et a fr Brothers dy « | i ow FOUNTAINHEAD/VOL. 6, NO. 22/10 DECEMBER 1974 9 NTAINHEAD invites all readers to ex- press their opanions in the Forum. Letters should be signed by their authors); names will be withheld on request. Un- signed editonals on this page and on the page retlect the opinions of the ind are not necessarily those of FOU aditona! UNTAINHEAD reserves the nght to re ice panting in instances of libel or cenit and to comment as an dependent body on any and all ewspaper is objective only in to its autonomy Rebel 1 Pag etter in rer ’ ote The Rebel (December § e who tee! The Rebel i at think many people ! The Rebel because they acute unawareness of life } to break with traditior ‘ tudents cannot appreciate The Rebel either because they cannot view ns or they want hearts and