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WidnesiJay^i September 3, 1^69:j

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That Big Investment In Eduction

^ If an.v(inp dbiibts that rdiuation is hip husi-. nesSf.they have only to study the valiiatiqu lor in-jsirrance purposes of city sclioid prQperty.

Figures released this \veek showed all Greenville school buildings atid their contents now have

a total i*eplaiement value otV^7, This cov-

:rln

ered ten choolJ-iuildings, administrtffTive and main tenance buildmgs and mobile uTrits. It did hot include the value of Uahl-toales building which is owned by the university.

Tlie building values ranged from Rose High whose building was vaTiiecTlii '$1.777.4ort trTTbirT

of invostinenr in p/piUM'lies '<^^^calTy the ntHulicfsu ol people on it.s payroll that the t ily .schoid system does. _ ' ' !'

" Since, tlip'schools are engiieod-iii training'h>-nuvrrows cili^iens few would (ieiiy that the inoncv which is being spent is a goml iuveslnient. In. tact, it funds were available, they could lio pul to good ^ use in improving the_cjty.,^\;ho()l svsicni. - '

Nevertheless a lug~^penentage>-of ^a\ funds are being..education m Greejn iUrr F1s portaiit that sliidniis. pTients. teacliei's and ai 1- \ niinistrators do then lust to achieve alb that i^ po''-

sible from the huge pirblic schools.

i!i\t^lmvid wr-now have in

Street with a building valued at $31d.000.The new Aycock'Junior High Building' has a Tepracenvent value of $1,700,000 and the new Eastern Elementarys replacement value is $190,000. Jtist^the # i . T

tents of the buildings runs into considerable values. |vifi/^V| Tfl

The total contents cafry a value of $757,400.' lUUVU V#UXUXUt?iiUi; *11

Thus it can be seen there is a considerable in- >

vestment in properties alone to, educate Greenvilles f

children. There are also 269 teachers plus special LlOUSllliQ^ ^^Ol DOl QlIlOll

assistants and other personnel. It would be a rare

business or industry which would have that kind tr n ' ) n

Hopetully the. North (arolitu' Housing t orp,

By BOB HORTON

WASHINGTON (API - The nations' lop admiral has fold his civilian chief that ihe Navy already has spent $133 million on a second nuclear carrier opposed by some members of Congress.

Adm. Thomas H, Moorer, Chief - of Naval Operations, cited previous commitments toward construction of the carrierCVAN f9iiy an Aug. 25 memofandum to Secretafy of the Navy Jolin Chafee.

, The memo, defending flattops as the primary striking force of our Navy, came at a time wnen some legislators advocate f utting back the rrr sent 15 U.S, attack earners, A group of senatnrs his introduced an amendment designed to strip tlip rvaw s budget of $377 million to compkie funding of the second atomic driven Nimitz class carrier.

-Moorer said $133 million in contracts fnr long-lead time

,:on any specific requirement could be trimmed.

Moorer noted that n reassessment is under way.of U.S. defense needs including the niHTiber of attack carriers that will be required in future vears.'

the new Nimit.7; will replace an old World War II terrier, he said.

Moorer s memorandum listed these factors:

will live up to the confidence that Gov. Scwtt has placed in it. _ ^ '

The governor told the National Governors fon-fercnce that the corporation is this states First giant ^step toward elimimding.aiid preventing poor liousiiig iiiibjighted areas..

The cmrppratiorr ts aiithonzed to issue 2no million in bonds to finance low inVome housing. The immediate advantage of 1 hi/,is to make available funds for low' income famihe.lai savings of $800 to $1.200 per home. , ^

There are far too ur.any Tar Tlcel.s .still living, in substandard home.s.'Higlv interest rafes and tight motVey have-made :ihe dream of better hou.'ing,even piore distant for thenv. '

North Carolina has taken the fir.sf .step^ through the Housing Corporation, hut now there are many other ,steps |o-he taken before all families li-ave decent housing. ' y ; -

b ulure

rear-s

By JOHN CUNNIFF

M'lW YORK lAP) V eeidatU rdcgr of Tindniss fhese days to forecast either a boom or bust in the 1970s. And > el that is how the toreca.sts are jiolm i/ed. The himd.s are oii.

For all levels of military a'dion" other..than all-out nu-cJrar war fiidrh a show of. force to Feneral wrthe at-Ir^ck carrier is the primary Unking force of oiir Navy, ft provides the offensive power nercsxaiy to "assure' free.., ir e of the seas /. '.

Dr.pite new transporta-fu sn .Ild weapons svsiems. free ire or the high sea'^ con-linr.s to he cs.^ential to the r seeurity of the United States, whether we are forced to fight

Nerve Gas Is Dowiiriiibl Srr>r

Dy DON SPEFR

.One Niaht

nouah

to'defend ourselves or to Kelp production items were awa-d- deferid our allies; ed under defeme budgets the There is no valid plan for

past, two years. n pr ras miiitary operations

ot tltp Armv. Air Force or amphibious forces with em- -baicd Marines that does not depend on our free use orttTr seas

CVAN 69s nuQjear propulsion plant currentlVns/oeing manufactured, he said, and delivery of the $560 million carrier is scheduled for 1S74 _ ..We must make clear need to continue wittfiWTOfe-.ment of CVAN 69 in Jlsca| year 1970, regardless of any

By ROWLAND EVANS and ROBERT NOVAK

BONN The harsh pnvaIP reaction by CTiancellor Km i Georg Kiesingcr to the publi demand by his Ficonomics Minister. Karl Schiller',' for n valuation of the mark is a sign of. stress in the three-year-old. Grand Coalition between center-right Christian Democrats (CDLJ) and center-ieft Social Democrats tSPD).

Kiesinger, leader of the CDU, told us be would havp 4bf>wn the SPDs Schiller out

nn !i

Our p. r e s e n t nationaF St itegv ivlies heavily upon niiiUarj fcrces deployed over-.seas ... These forward de

change that may be, made in pibyed forces . . . must be

the attack carried'fbrce level, supplied by sea

of the cabinet if the election campaign had mot started. In stead, the Chancellor went on, he decided to say nothing and thus avert 'possible cabinet crisis on the election eve.

Moorer told Chafee.

The admiral thus indicated he sees a possibility the 65-carrier force w6iieh somf; members of ongress insist is traditional rather than bgsed

SCHOOIS

OPEN,

A change in national strategy resulting in the withdrawal of our deployed military forces, would increase the requirement to maintain a strong'piaritime postile. An effective tactical, air capfability is essential to sustain our generl purpose and logistic -support forces against' a deternimed enemy using modern weapons. -Land-based tactical aircraft require bases that are adequately prepared,. proH-sioned and defended and arc a located within range of the area of conflict.

-Sea-based tactical air-

His unhappiness with Schiller is symptomatic. Like all marriages of convenience: thq Grand Coalition is becoming strained. Thus; although the Sept. 28 election will proba hly result in a continuation of the coalition, that marriage is not likely to survive the five years before the next election,, according to the feeling here.

The question whether to revalue the markthat is, in-. crease its value in relation to other currencieshas. been particularly corrosive tor the toalition,

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ITie cabinet po-Uinn ilot 4e-,

I he i icili d-s .did not. rrah K hu\ fhe basic issues ol teiTioi membership iii the No rii \riaiiiic Treaty Orsani-zaiion i\A70)'or West German rni 1 a nemt-until 1961, , long after those, two items were nanea into the late Ron-; rad Adenauer's foreign policy. There also has been a different outlook bv SPD leader Wil-

I Biaiidt now \ice rhr/:el-lor and Foreign Minister in , tie (oahtio giveipnent. Alii o tgii Bi ai dt ft 1 unyield-

g tovai 1 MosCfw id Ea.st;

( mai \ as thdi^holic CDU ft i mg th Berlm 4 1 e.s, he

II alwa\ bee 1 fai more

n imt t r eupt 011 * says " one irinii i DU leader) about tf r te \ ifli M " ivv a n d F tf fii L iropc Uian the CDUry-

t'ftf'n III ig the P3 >t three t K e li lia had tn w UPi !ov\n hi rlt difioal UlUllUidllO S 10 \I liCOW oil

TAP) -Sid:,,,.yalleyracy ncy Lamer wrote passionate vya.s forgotten.

poems-about tiie bcautv of the tumbling mountain streams of north Georgia.

^ Obviously tlie^ poet never spent a night at a talluluh Pii-ver campground with a wife, twd kids and a cocker spaniel iu a leaky tent on a rainy-night. : .

My pro.se l^y morning wa.s what thelkids cailed^naugh-

ly-

Trouble sfarted when father's errant cast of a trout lure caught the dog,-Crackers.

That's mean. Daddy Why did you do that? Get h e r lose! shouted the kids.

Catch the dog-, shouted baddy, unable to reel in the whinlpering animal. The fish ended with that episode. Daddy didnt regMn any of h i s

way. The wife fled for t h e

to fix sandwiches."

She got drenclied bringing them, to the tent, wlirdv-.hy then was filling with water sweeping through the door.

Daddy dashed through the rain for a beer to case his, 'troubles, only to find that the last one,had been quaffed earlier.

Lets go lo bed," said the

It IS not nhmmmoTi, "for in-fiiaiiLp to find some jitock, market analysts foierasfing trein''ii dons price jumps in the 70s ha ed thev sa\ on the fruil m of tpclmology 011 population in-(ic I I- and oil greater foreign Uade. .

In ' fact, a ;Gross. National Product of $2 trillion is said to bea probability shortly altm the 70s, which already are being called with confidence The biz-?l-5ev(^nties.

Rill in nrrlpr In make SUCh

sniements the foiccaslcrs .someMmefi ignore {Trlam lac-tois The world tnde position of the I nited Slates lias deterioraU ed for example and Ametlpa contines to spend, more abroad . man loreigners spcna hi*re. _

This has been going on for 17 years or so, and has the fin.an-cial managers of many coun-thes in a tilher. They fear, among other tilings, that'a loss ol coniidence in paper money could ensue and that trade might diminish. ., " '

Which viewpoint do you take? The doom di.spensers say world trade is bound to; collapse and, bring down the vvorld's industrial economies. ^Tie happiness hucksters claim human inven-tivfiiess will bring .joy to all. Tlierr's little in between.

As if the is.siies were tod great to synthesize, a forecast of boom oflen totally ignores th opposite possibility. And a fore-,cast of bust quilefe frequently will ,avoid..,.roention - of economic strengths.

And the ,wtfe, ecstatic over * build af ire for. ^upper, either.

lost prestige when he tried to wife. Then she tested the sleep-

the scenery when we pitched our tent at diisk on a bank of the river along with a dozen other campers,.wal ready to-return to suburbia by dawn.

rhe beauty, .of the river, with its rapiris of white wateiv

The wood, wet from a pre-v-ious rain, wouldivt start at first, and finally when a s,malf blaze was going, the storm hil.

The fire went out. The kids, huddling tinder a "canopy on fhe. tent, were soaked w h e.n

as it topples owu rocks and. twists and turns through the '"the ropes^holding it up gave

4. I

DRIVE CAREFULLY

CTaft are required when land Tcvalue wa.s set months ago, bases are not available or do long before France devalued

not have the capacity to meet the required tactical aircraft needs!

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.('Prkt.s Include saies.tai where aiipUrabiel

I I/I Jli

MEMBER oi? ASSOIIATED PRESS v , The AMOcfat^ Pro'll AXilusive'u entitled tn ur for pebHl caHoe,'aB' oevi dispiJie|LclMMil*e#Nl^^'W'''oot otberwin!^ ^redUetf* to this paper and ab the htcal. new* pubUsbed'

bereip* AU rlehts of pubUcationa of ipeeial dtapatcbef bare

UMTE0 PRESS iNTE^ATlONAL

AdvertfUBf rates and deadlines availabb apoe reqoft ybber Bui;y el

the franc. But Schiller, a hnl-liaut economist whose policies were largely resoopsible fni the recovery from the~l%h 1967 crisis, lefu'ied to jrcrpt the cabinet decision agamst le vaWtion, He continues to ar

If, oijiirls thdt llir wodd havo 'g\er> awdV toj muth for. too '1 itle Kiesinger and the- CDU. moreover were abounded that Brandt fought off hard-line oppoiitioii in ide his SPD to send a jaitv rlergHhon on an official visit to the Kicuiln Aug. 22 T1 d vvas thp ann yersaiT of the S>viei m asmn of Czechoslovakia;

When we a Bid Ml to explain that de sjon he toid us no one hah m med atrlv realized the sigi fi airc of tiip dale, But. more important fic said the vi.sit Miould have tak en pldie anyway in oider to s h 0 w the Kre nl n t h a t hie '^ID appreciates tlie change nf mood in Moscow towaid A\est Germanyrhis past vear

OtherEditar s Say Get Ticker.

::yy

(The Clflote Ncwsl .

Space science is obviously hack to normal, What other rnnclusinn could- he made when discoveirVslUat the momi IS over four bilion years old. olde than most eAp^rts had guessed CdiJSPS haidiy a sfu outside the scientific coinmun itv.'

it li. the 'ioit of so what e

probes. Blit this probably was because they related more 11 (he manned flights would the moon surface support the landmg vehicle for instance' and le s to mteiest in puiT re.search . *

Fo! the uFti Is who have spent their hves studying'^tiie earth it must liave -been a moving experience to see and

sponse which can be expected^ perhaps touch rocks which After all it was the maftimd piedate by possibh one billion lunar landing which most en-_ vears or more anv known ma-thr^illed people througj^ouj the fenal on earth And of-course

world; the fae|Jhat a desire as ancient as fnan had been -safelTe4-the factthal Amer i

glie publicly that revaluation

In short Brandts SPD is

/ d ' east more than west

t,Q.,.ae.al mul sfmr-TrtraiSBTaKHK [oanafjil

is Ihe.proper

W crawling inflation aftlirt- Cenital Fumpe

mg the G e r m a n economy. ^ . i

Moreover, he is. trying to use this economic argument,, hideously. com{4ex to the average German voter,, to show that only the SPD really understands the German economy.

-For-4heMong"fun7Mi()w?^r^

the developing split on ba.sic foreign policy i.ssiies threatens the Grand Cqalition even moie than the open split on rrval-

It is far ahead of the t DU on .:urh political isotifs as f^ub hcly accepting the Oder Nejsse Ime as the permawFfl! iwrdpr between East Germany and PQland. In contrast: the ( Dii see^ a stroiTg AVfistern European alliance -hacked hv the U. S. nuclear deteirenl as liie essential first step in a rwtht'V of .strength from which to negotiate with the Ea.vt.

ca had won the race, the g n era! sense* of achievement. This was what seeme.l important to most people, and their sense nf values is surely just a valid as that of the cientist who sees greater;: tmpoLtaUce in figuiuig the.wage, of the solar svstem and how the Pal th rame to be. We re-fall that theT-e waj5_publii_if!-

fnest in discoveries made by the early unmkmned lunar

thpir work is important.

But it IS not the stuff which v^aptures the traagination of the masses The "esearch Is dull academic and tooL/nm-, plicated, and the conclusions reached, ras historic as-they may be ar usually irrelevant < to the daily problems of men

So while the astronauts ride; in tipkcr-tape., parades, the^ likelihood that the lunar data' 10. follow will make jt beyond jsdinol-texlbooks and milseum.s is as slim as alwavs with

'scientific discoveries.

ing bags.

Let's stay up, they're all wet. she said. Bui the kids climbed m. Then they fTcard the dog crying outside u> the .rain.

J'Anv dog ih It 1 II 111 III eiiourli to ^Pl ooi t iiir taui deserves lo get wei, sa/d Haddv Nobidv mplipd ^0 -body said -anyttung foi a long tirfie with the sdence biokpii only the pounding rain and the vvtiimpering cries of Crackers, All right, said Daddy, going out into the ram. He brought all the grocerie.s and clothes out. of the car so the dog wouldnt chew them up, and then put Crackers in the. AGliicle, ..

\\a it II it nice of me tn 0 all fne foi Crackers? asked Daddv. Before he got a re-11\ ft e dog started barking in tlie car,

hlir s lonely said t h e kidsi 'She s a-'iMid,'

Aaaaack ^aid Daddy. Go to .sleep.

The kids did Tlie hw tolks_ tried hd tried an I tntd hut wet sleeping, hags -woifn t toa conducive.

FmalU about 3 a. m Dad dv went to sleep.

At 4 a m he lumped out of Ins sleeping bag as a car -horn blared in the darkpess jij.st outside the tent.

. Maybe its a smart sleek dog. said Daddy, dashing into the rainy darkiie.ss. FT^dy' yvas. riglil.

The dog had her front paws on the horn, and lights were -coming on in lenU ^nd cum-pcr's around the eampgiound. (Continued On Page 5)

Tliis pol.arization is noted also in another area of popular di.s-(ir sions. It involves the matter of personat indebtedness and its consequences. You can choost your sidhs.

One vieyvpoint gos like this: .

TIhs country is headed for a spf;ctucular downfall. Just look at all that jdebt being run up by people. Living over their heads. Never be a'ble to pay all that credit that's been extended to them.

What s going to happen when we have a little dovvnturn, when people get laid off and cant pay those bills? Why thereTI be a panic Bill collectors will h iiippmg ovri each other to be 111 t m hne

Ihais one viewpoint. Consider another.

One of title fundamental strengths of Hits American economy, a facioi: that gives me great confidence ih our future, is the responsible way in which ordinary people hav shown thev ran 'handle debt. It's en

couraging.

Sure the American peopla, have run up a lot of bills, something "over llflC'Tnh'lii private, short-term debt compared with only $17 billion or $18 billion 10 ye^rs a^io. But is it as

had as it seems" ' ___________

I m encouraged 5y a coupls of th ngs I irst those bills ara being paid back regularly, Tha Amei ican people as a whole eons del it some sort of a sin tO let iheir bills ride. Ask any hanker

Secondly, those bank accounts that peopI3 are accumu-tatmg look.^ood-iaine.-Why,:M many months they were putting more than'7 per cent of their lakeiiome Tpay into savings. That doesn't look like a spend-ing^|i.rgy 'to pie.' , *

fake your pick; The country is heading for a boom in tha I97O5 that will lift; the material, weii-being of nlhst people beyond their dreams;"the AmerF economy- Js- beadu^ for troiibTe and the signs re all about us. *

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Strength For Today

?ushina Toward A Recession?

By ELMER ROESSNER

While business may be btio-"yaiit in September, as forecast here, the campaign - to check inllation niay have

if

The Great niusion ^ , WP (all the prc'enf wr sn nf Desire play^-veryt sUange' 'ten imagine that we woujrl be

tricks upon us. The tilings we .hajipy if. we s.tood in -somebody some effects and, though

arequitc sure^vv'e wafit..rnOfF- glse'jj^.^hocs or had someborly may not arrest inflation,

than anythin}5e'. ih A t'h-p el;e s material advantages ormay push the economy'

'world very often tulp'tuif fd'hC' aj;yipjed ;onicbody elses en- ward a recession

thTn'0s ;tt:hirh whp,rv. wa . ce( viahtr NqlC'' *

his ?lH.Sl'

it

to-

viahtc

them, give'ijs 'no saMf4nh' All this i.TiA1hsii1^4M>> ^hg-at all " - ed-mpft to be liumhle fThionlv

borne observers "say tlml^ the stock maVkel antictiatr-.

siifh immrn' C pri>po(*limr

;*limr,Jhal lh(-,fuwul ruid.Hud iticif loyvJjiat todavx the breseiif buoy iliey.seem ippsitiyrly heavenVy I niitail tlmius^f /Iticv afe"'Thp^.^'~aiicv will cairy husmc- g,(ve\^alTs* 1^'^liapTjy^flrnrihr'pnjplp vvlu'--fm-juigh t'hrislnia.s only lo he

m tiieif cafiaciiy fac(iioH> We;Jo^tothe futiire.^ li ive learned'- fb apiuo vti* and iniagina4iow/happ^. j.'^*-wljat tltey have,ibe iliaf much would bj if tts or thayUiolcL.; U httlp.^ 1 -

happen to Iis.^the 'prosaic'old - ""Happihess is' to be 0 u n d present generally-gets'a ImJ right in our icwn hearts .It a promi{5;1Bn mpsr^of Tcopies as>thtssul oGtakirta -'iifll is'^lacking' in' 'glamour ^hfe-lhe wayTw.di-nd'tt-and and bristling- wi^ "all sorrs'of making tJiJjej^out of n every ^pleasant responsibilities, hnfr driyT even-m that situati-on whuh

.tollowed by a serious lag.

I hr- housing decline is continuing because of the high interest rates on borrowfd money^ so much so.that the Mobile Hpme- ManufacUirei> Aiisociation boasts that Irailt-^ sales ape setting records and that the industry produced OQ

hou^ing under $15.ono last year. ** .

Curious Contradictinn . VVTule the-National Indu-.-tfial Conference Board report, that capital appropriations by the nations 1,000.largest ufacturers,\ini)pca8d 12.fr per cent in the )j)i!dond quarter! oT-, ders foi^ new and used toa-' chipe tools have, bch dcclin- ing. New plants require ne'w equipment, unlmcorpqratipni *plan to fill nfj!.plaus!'w ! til; dancing girts i ,{. -r'-j-

The Ti^i Street Jourral reports tliat;.ihi)lei5al for beef, poKk. chickens. siig;,>! ar and fwiiFwill decline as .murh as 20 per cent'in the next few weeks, <whto|;i< ' passed on lo consumers, would be the# first real prjoe break

the c^.^t of getting produce fri>m fai m to processor and (0 market ismuch greater Hhan Ute cost of production rftself and that a rut in the firm pru;e.s means very littlp at the end of the funnel.

mMim

aOBSSNEH

in ye^rs ilfth

But* the U.S. Labof Depart^ ment,says this doesn''t mean corresponding drop m retail

*h V By Earl fc.pcf eeul of-all .single-famlj. pnces. Tlie big reason j* ihaf

But the fact that any price is declining at the prisenf time IS significant and jpay show,' after all, that>u(Ji moneUir^ restrant8,8 higher interest

ble for lending.may ihdlced" slow down the economy.

But (Whai Tbit?.

' These and other correctiva steps may brake business esi pecially if tliey reduce employment, reduce prices and force cuts in-wages. The last 'step, of course, will arouse labor, organUed'and unorgan-ized.

However, wages are higli now because of inflalion; Jf pricer'could be cut, so could wages be cut and stlli leave ^ workers more for their hours of work.

^ Thats as simple as blowing the foam off a stein of beer.

But reductions in both wages and prices, are while ea.sy to understand, hari to appreciate, For example, R 10 per ^ cent cut in prices accompanied by a 110 per cent cut in i wage&and saiariei, would be .bitterly rsatea by ^Iiborcri 'and executives, too; *

. Thats why It will he hard to end inflation, witjhout bfeast* beating and rioung.

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