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N.C.Friiay, Jwiy It, Itn

Breothing Spell Can Be Used

RqMTts Iktm around the nation indicate^that there are vacanclet inieoet colleges and universities for next fafl.

The National Association of College Admissions Counselors reported that 87 percent of the institutions of higher learning still have openings for the faU. It is estimated that there are 900,000 to 500,000 opening.

It appears that the great crush of coU^e bound students is over. While this might be di^rbing to some institutions it need not be. /

Now is the time for all institutions to examine their programs with an eye toward improving themsomething that they have not been able to do during the growth years.

Ihis breathing spell can be a time for reviewing programs and developing methods that can be most

Paints Spirit Of N.C. Coast

By BRYAN HAISIJP

WILMINGTON, N.C. -Claude Howell uses pencil and paint to capttn^ the spirit of the North Carolina coast.

His artists vision translates the common sights of the shore into drawings and paintings of windswept beaches, stalwart fishermen at their work, the rhythm of surf and sail.

Thisis the life I know, he said. Art has to be the result of experience."

Because Howell knows his region so well, many North Carolinians know it better.

BRYAN

haislip Vs

One of the half-dozen leading Tar Heel artists, he has won many honors and awards. His work is in the North Carolina Museum of Art and other public and private collections. His sketches have illustrated several books on coastal subjects.

Howell, lean as a bean at the age whoi most mm are paunchy, lives in the Wilmington apartment building where he was bom. "It seems I never got very far, he observed wryly.

All RMds Lead Home He means travel always leads him home. He has studied in New England and toured the museums of Europe. He returned recently from a visit of several weeks to France.

What he sees abroad rarely shows IQ) directly in his paintings, thou^ it has influence on style and ap-(NToach. As an artist, he ke^ the focus on the world around him.

"The business of art is to reflect whats going on, not the creation of another world, he ex{dained.

"If you condemn the art of today, you really condemn today.

Contemporary art has facets of violence, depersonalization, and monotony becuase those are characteristics of current society. The artist visual expression of protest can show man where he is lost and help him find his way again, Ifowell suggested.

Art His Only Goal The making of an artist is a life-time process. Howell can't remember when it

began. "1 never wanted to do anything else, he said.

How to achieve the ambition was the problem in the Depression years as he grew up. He studied frst with a local teacher; something of a mystic, but quite a good painter, he recalled.

Art didnt offer economic security. To pursue his studies, Howell went to work as a secretary in a raliroad office.

"My life insurance, he called the employment. "You know, its kind of good for an artist to have a job like that. It keeps your feet on the ground.

He still has a practical attitude on money matters. Some artists today get uptight about commissions, for fear the prospect of payment will infringe their freedom to create.

Nonsense, said Howell. "Most of the great art of the past was produced on commission, he pointed out.

No Compromise On Standards That doesnt permit any compromise with standards of quality, he added quickly.

His first recognition came with awards won in the early *30s as a youth of 17 or so. Later, a Rosen wald

Fellowship gave him the cahnce to go to Europe. He studied art there, he said, "mainiy by looking in the museums.

Howdl has an individual style that borrows little from current trends. At once abstract and literal, his work presents subject matter readily recognizable to the viewer but strongly shaped by the artist.

"I dont kow-tow to fashion, he said. In clothes, it may be all right but in your personal statement its something else again. His career as a teacher began with night courses at Wiimington college. Today he is head of the art department on the campus, now the University of North Carolina at Wilmington.

Teaching is a drain on enei^, but stimulating in the contact with young people. "College age students today are not apathetic, but almost violent in their search for something, said HoweU. "If they keep looking, I believe they wiU find it. liie goal of the search is a religion, he said, whether you call it that or not. Man needs something larger than himself in which to find meaning, he speculated. For him, art is that unifying force.

The Daily Reflector

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Long-Running Railroad

A long running dispute between the railroads and the United Transportoton Union has appareny been settled.

The 35-year-old dispute involved what to do with firemen on trains which have been converted from coal to diesel. Reportedly the union has agreed to

a

process of attrition.

The agreement should serve to reduce cost for the

nations hard pressed railroads and in the Iwig run

it may preserve jobs in the overall ra employment picture.

Spiro's Critics

Spurred Nixon

By ROWLAND EVANS and ROBERT NOVAK WASHINGTON - Although many political realities dictated President Nixons decision to run again with Spiro T. Agnew, the most important was probably Democrat Jdin B. Connallys all but total refusal to run for Vice President himself.

"Connally just didnt want it, a top-level confidant of Mr. Nixon told us, "so the discussion came down to one thing: the absence of serious alternatives.

With Connally unavailable and nobody else desirable. President Nixons decision to keep his explosively controversial Vice President was ordained many weeks ago, but his announcement of that decision last Saturday definitely was not.

To the contrary, Mr. Nixon desperately wanted some element of uncertainty to enliven udiat looks to be the dullest nominating convention in this cmitiiry. So he quietly passed a word to political advisers that he would say nothing until mid-August on the very eve of the Aug. 21 Miami Beach convention.

What disrupted that Presidential timetable was the sudden, uncontrollable surge of anybody but Agnew appeals from moderate and liberal Republicans.

These public attacks on Agnew came from such obvious sources as liberal Sens. Jacob K. Javits of New York and WiUiam Saxbe of Ohio. But the anti-Agnewites actually embraced a far wider political spectrum, reaching into the White House sUff itself: a silent minority of Republicans fearful that Agnew will exploit the Vice Presidency to gain (xmtrol of the party and the Presidential nomination in 1976.

Jumping the gun on his timetable, President Nixon 'effectivdy sto|^>ed this anti-Agnew tumult before it picked up momratum. In doing so, he sidetracked a potoitially divisive struggle between the pwtys*" left and right wings which could have left detrilitating wounds.

Containing that leftnight split, in fact, has been one of Mr. Nixons enduring political occupations since last December, ndien right-wing Rep. John Ashbrook of

Ohio confounded the White House and announced his own Presidential candidacy.

Ashlxtwk's decision to offer himself as a rallying point for conservatives unhappy about Mr. Nixons welfare reform I^an and his nuclear arms control negotiations with Moscow triggered secret negotiations between conservatives and top White Ifouse political aide Charles Colsm.

Using the threat of all-out support for Ashbrook, the conservatives made three demands: first, keep Agnew on the ticket; second, drop the family ast^tance section of the wlfare-reform package; third, step up arms spending. Some of the Presidents chief advisers, notably former Atty. Gen. John Mitchell, counseled acceptance of all three.

Although the President refused to budge on welfare reform, he quickly caved in on the other two demands. That was the real explanation of his sudden, unexpected I^ug for Agnew in his long television interview with CBS reporter Dan Rather Jan. 2. (It would be foolish, said the President, to "tnreak iq> a winning combination.) Despite the Jan. 2 mbrace of Agnew, however, Ashbrook kept running for the Republican Presidential nomination. He lit no fires in the primaries, but Nixon agents still worry over possible right-wing defections, particularly in crucial California. They want a strong Ashbrook endorsement of Mr. Nixon the sooner the better. The premature announcement that Agnew will remain on the ticket could appease these anti-Ninm conservatives and defuse the partys platform fights at Miami Bech.

There was, moreover, one other powerful factor working for Agnew. To capture. New York, now bettn* than a 50-90 prospect, Mr. Nixon needs the support of that state increasingly powerful (conservative Party. The Conservative Party threat not to run Mr. Nixon as the partys Presidential nominee in November unless Agnew is renominated was taken seriously at the White House.

The major politteal omcem of the silent minority of anti-Agnew RepuUicans now is (Continned on page 5)

DONT EXPECT TOO MUCH FROM HIM!

beneficial to the students.

Too many of our institutions have been obsessed with growth durii^ recent years. Now the educators should have the time and resources to attack some -of the {NToblems that have been pUiguing higher education.

Dispute Appears Ended

strength For Today

MORE THAN EYE CAN SEE We go out on a clear, starry night and look up into the heavens. The scene, probably, must appear to us as it did to out forebears. But the scene is not the same. Great broadcasting stations all ovor the couitry and the world are sending messages out over the air. We come into the house again and turn on the radio and strains of music and the voices of announcers and commentators fill the room. Pictures appear on the TV screen.

These five senses of ours are thoroughly inadequate to comprehend the uliole of the universe. We are said to hear in eleven octaves, btS there must be vibrations beyond these. The eyes and ears evidently take in but little of the created universe. Cer

tainly th*e are vast realities that these five senses of ours can nev touch.

How narrow and little, therefore, is the sl^)tic! How pretentious is the materialist who insists that there is no reality beyond what we can see, hear, touch, taste or smell. Modem science has revealed so many wonders that man need not be overwhelmed with doubt as he reads the Bible^ about miracles and great spiritual powers in which we are invited to puf our trust.

Science should not destroy religious faith. Rather it should strengthen it. If what we apprehend with five limited senses is so marvelous, how great may be the things which a good God has laid up as a destiny for those who trust Rim.

By RaH Deuglass

Lionel

Heeds

Values

By HAL BOYLE NEW YORK (AP) - "Everything his a guideline, said Lionel Hampton, the bandleader.

"Once we find that guideline, we have to adhore to it. Religion and music have been the two guidelines of "The Hamp. Together they inspired him to rise from the bleak future of a black slum kid to recognition as "King of the Vibr-aharp and one of the dominant figures in modem jazz.

By ART BUCHWALD

Calling Bobby Fischer

WASHINGTON - In a few weeks President Nixon will have to make one of the most important decisions of his Administration. He will have to decide whether or not he puts a telephone call through to Iceland if Bobby Fischer wins the World Championship Chess Tournament.

There hasnt been an antihero like Bobby Fischer in years. His behavior before and during the tournament caused one Washington Post reader to write, "Fischer is the only American who can make everyone in the United

States root for the Russians. Based on what Fischer has been doing in Iceland, the Presidents call could go something like this:

"Hello Bobby, this is President Nixon. I just wanted to call and congratulate you on your victory in Iceland.

"Make it short will you? Im tired.

"This is a great day for America, Bobby.

Its a greater day for me. I won $150,(M)0 and I showed these Icelandic creeps a thing or two.

You know, Bobby, I almost made the chess team at Whittier Ck)llege.

"Big deal.

But I went out for football instead.

Is that what this call is all about?

Now wait a minute, Bobby. I always call anyone who wins a championship for

Other Editors Say

ART

BUCHWALD

Day Of Reckoning

(Henderson Disparch)

What me ponders the far left legislati<Hi now pending in Congress, it is to wonder. The Federal government is up to its neck in red ink and continues to move nonchalantly into new and still greater depths. According to Smator Ervin, the deficit over the four years ending with the close of the present fiscal year will be atout $113 billion. But proposals now in House or Senate would add multifde billions more.

One item is a (dan to distribute to the States over a five-year period scnne $30 billion in aid, and at a time when the Federal government itself is in financial straits, which most people and politicans especially, choose to ignore.

Anew minimum wage bill would dace requirements at $2.20 an hour. That would tend to crip^e many industries, small business in particfdar. Another bill would vertually establish a system of socialized medicine, also adding to deficits and tax burdens.

Unf(Htunately, and even tragically, neithter politicians nor the public appear to be in the least cmcemed over trids. The United States is a rich country, but not rich enough to support programs now in the cards. The fact that a day of reckoning sometime in the future is inevitaUe makes no visible impression upon the country. The handout habit is so ingrained in government that it would be almost impossible to change it sufficiently to make a sizaUe dent in annual Federal spending. 9 . One thing as sure as that the sun will rise tomorrow morning is that government cannot stand these colossal outlays. By ordinary economic standards. Uncle Sam is already insolvent. Addition of measures now pmding will only intensify the likeihood of crushing new taxes, which would leave the average citizen in worse financial condition than he is without them. Office seeko^ continue to (rffer the world with a fence around it to all pecq>le, giving little (xr no thought to the inevitable consequences. We would just like to be on record as having voiced a warning.

America. I would like to give you a white-tie dinner at the White House when you come back.

"How much will you pay me to come?

"Pay you? I dont pay people to have dinner at the White House.

"Then whats in it for me? "ni invite the Cabinet, the Supreme C^ourt, the leaders of Congress and every rich Republican chess player in the country. Ill get Guy Lombardo to play after dinner. Its the least I can do for someone who beat the great Spassky.

"All right. Ill come, but these are my demands: You send the presidential plane to Iceland to pick me up. You personally meet me at the plane and provide me with a limousine, a suite of rooms, a private tennis court, my own swimming pool and 10 Secret Service men so Im not bugged by the press.

"I think I can do that, Bobby.

And no television cameras.

"No television cameras? "I hate television cameras. They send me into a frenzy. If I see one television camera at the dinner. Im walking out. Dont worry, Bobby. There wont be any television (Continued on page 3)

They came to the musicians rescue last year whoi the crippling death of his wife of 35 years almost drove him into retirement.

"I idolized Gladys since the days we were childhood sweethearts, he said, at a luncheon here during his engagement at the Rainbow Grill.

"She was everything a woman could be to a man. She was my wife, my friend, my inspiration and my business manager. I could come toher with any problem, big or little.

"She set up things for me so well that Ill never have to go to a breadline whatever happens.

"When she diedher heart just biew outit was like the end of the worid. I didnt want to play another note. I just wanted to quit everything.

It was his daily reading of the Bible, Hampton said, that convinced him he should resume his lifework of "making a joyful sound for the Lord.

"Im a great believer in the Bible. I get substance out of it.

It is meaningful in my life.

Not too long ago when an elderly hotel chambermaid returned to Hampton an envelope containing $500 which he had (Continued on page S;

40 Years

Ago Today

ByGWYNCOGHlLL July 28.1932

Greenville, North Carolina, the county seat of Pitt dk)unty, has a population of 11,890 as of 1932. It is situated on the Tar River, near the center of Pitt County, and is the largest town. Transportation facilities, natural and otherwise, are good. The river is navigable for steamboats a good part of the year, and until the advent of the railroads, regular boat service was maintained. The Norfolk and Southern Railroad crosses the county in an east to west direction. The Kinston-Weldon branch of the Atlantic C^ast Line passes through the center north to south. Truck lines also operate in and out of Greenville on seven highways. The climate of Greenville is ideal. The summers are quite long and sometimes seemingly warm; the winters are short and very mild.

'Due Diligence' On Stock Issues

By JOHN CUNNIFF AP Business Analyst

NEW YORK (AP) - Investment bankers who underwrite the public ai^iearance of privately held companies new issues, as they are calledare expected to exercise due diligence in examining the credentials of clients.

Whether or not they have been doing so is another thing. Certainly even the closest examination cant give complete assurance that what looks good today will be a star p^ormer tomorrow. But Securities and Ex-diange Commiuion figures suggest that in the past not all underwriters were duly diligent either in examining their young clieiUs or in teUing the public about them.

In a study of 49 new issues brought public between January. 1968, and July, 1969, the SEC said earlier this year, five were bankrupt, diree out (tf business, six with liaUlities exceeding assets, two merged because of

mmiey problems and 21 with retained earnings deficits.

Now the SEC is calling for stricter guidelines that some securities men say are unduly diligent in efforts to discourage a rash of hot issues, whose most identifiable characteristic is their peculiar rate of cooling.

The proposed requirements pertain mainly to the emerging companys registration statement, the document supposedly scrutinized by smart investors but which (rften is ignored. Among the details propel:

An estimate of how l<mg proceeds will sustain the company.

Report on operating |dans for a year.

Detailed information on cmnpetition.

Background of key employes.

While adverse comments already have been heard, other investment bankers appear hardly disturbed at all. "Were not concmied, akid one, "because these

guidelines already are covered in our due diligence reports.

What the SEC seemingly wants is for the details of the due diligence report itself to appear in the registrati(m statement rather than for it merely to be the documentation for the broad statements now customarily used.

Due diligence. The phrase keeps reappearing in any discussion of new issues. But what is it?

The question was put to Frank Brown, who appropriately enough heads Frank C. Brown & Co., a management consulting firm that during the past two years has prepared about 30 due diligence reports for underwriters.

Physically, he explained, his reports range from 35 to no pages and require the field work of four or five men for five to eight weeks. They cost the companynot the in-vestment bankerfrom $7,500 to $25,000.

The investigation always

includes an on-site check of facilities, an analysis of how the money is to be used, a study of financing, marketing, production and personnel, a discussion with key people during which we also size them up, and (pinions of the company by competitors and customers.

Much, much more is involved, and in great detail, such detail that one wonders if such a mass of information has any meaning at all to a nonexpert, a doubt shared by Brown.

The due diligence reprn^t then becomes the basis of the registration statement that is filed with thelSEC and which investors supposedly use to assess the value of the company.

Hie investment bankers must stand behind that registration statement which would, under present proposals, become far more detailedincluding in fact, much of the due diligence report itself.

It could discqurage a lot of hot issues.