The Oklahoma Daily (Norman, Okla.), Vol. 48, No. 131, Ed. 1 Saturday, April 14, 1962 Page: 1 of 21
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The Oklahoma daily
A Student Newspaper Serving the University of Oklahoma
48th Year No. 131
NORMAN OKLAHOMA SATURDAY APRIL 14 1962
AP UPI Wire Services
Steel Industry Rescinds
Planned Price Increase
U.S. Steel
Bethlehem
Back Down
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GENERAL AND MRS HURLEY Pat Hurley Former secretary of
war under President Hoover arrived in Norman Friday with hi wife
to attend a history department luncheon and Sigma Chi event. Both
General and Mrs. Hurley are in Oklahomas Hall of Fame.
(Photo by Mike Koziewicz)
Khrushchev Turns Down
U.S. British Testing Ban
LONDON i Soviet Pre-
mier Khrushchev turned dosvn
Friday an Ameriean-British call
for quick action to ban nuclear
weapons tests under the watch
of international referees.
Khrushchevs refusal to yield
on the key issue of cheat-proofing
a nuclear test ban was re-
ported by a qualified diplomatic
official.
The effect is to make it just
about 100 per cent sure that an
American series of atmospheric
tests will proceed as planned in
an area of the Pacific ocean
around Christmas island later
this month.
KNIGHTS UNVEIL New members of Loyal Knights of Old Trusty unmasked Friday night and fired
the cannon Left to right are Curtis Phillips 388; Gardner Randall 397? Brandon Griffith 402; BUI Surby
405 and Jim Booth 408 aU seniors. The unveiling is part of OUs Engine open house which ends today.
(Photo by Mike Koziewici)
Wik
Khrushchev's reply was con-
veyed in a 3 500-word message to
Prime Minister Harold Macmil-
lan. President Kennedy and the
British leader early in the week
asked him to reconsider the
blank refusal of his negotiators in
Geneva to accept any form of
checking procedures within a
test ban treaty. Otherwise they
warned their own planned tests
would have to be held.
In a personal covering note
Macmillan commented that the
'object of verification of possible
tests is not to increase suspicion
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WASHINGTON (.7) Big
Steels drive for a S6-a-ton price
increase collapsed Friday giving
President Kennedy a smashing
victory in his battle to hold the
economic line.
Does About Face
The giant pace-setting U. S.
Steel Corp. under pressure from
the government and from compe-
titors within the industry did an
about-face and wiped out the price
boost it posted Tuesday night.
Other firms that had joined the
price rise parade began following
suit.
From Cleveland came w'ord that
Republic Steel Corp. the third
largest producer was rescinding
its price increases retroactive to
April 11 owing to the competi-
tive situation.
Bethlehem Rescinds
The back pedaling began in mid-
afternoon when Bethlehem Steel
Corp. the second biggest produc-
er announced it was rescinding
the $6-a-ton boost it put into effect
Thursday.
A few hours later Big Steel fol-
lowed .suit and took back its in-
crease. The reversal of the industry
trend actually came when Inland
Steel Co. eighth ranking producer
and Kaiser Steel Corp. big West
coast producer announced earlier
in the day that they were holding
the line against a raise.
Pressure Continues
This sent a wave of elation
through Kennedy administration
circles but there was no letup in
government pressure to stop the
price drive cold. A Justice depart-
ment spokesman said there is
no change in our plans for a
grand jury investigation.
Then came U. S. Steels an-
nouncement. Leslie Worthington
president of the firm said in New
York that the decision was made in
the light of competitive develop-
ments and all other current cir-
cumstances. These developments and cir-
cumstances obviously included
the fact that some companies re-
fused to go along with the price
boost others were wavering and
the government was turning all
(Turn to Page 2)
April 151 91 2-Titanic Sinks
By JIM KENDALL
At 11:40 p. m. Saturday the world marks the 50th anniversary of
the sinking of the unsinkable White Star liner Titanic.
The Titanic sailed from Southampton England April 10 1912 on
her maiden voyage with a large and well-known passenger list that
included such names as John J. Astor among 2224 persons. Of these
persons 1513 lost their lives in the icy Atlantic five days later.
The titanic is a tragic story in that these 1513 persons were
marked for death when they boarded the ship. The life-boat capacity
of the liner was less than 800 and of that possible capacity 711 liv-
ed to tell of the experience that marked the end Gf the worlds
fastest liner.
On the night of April 14. 1912 most Titanic passengers were in
their cabins. An orchestra was playing in the grand ballroom for
a group of late card players that included Colonel John Astor and
Molly Brown later known as The Unsinkable Molly Brown.
At 11:40 p. m. the boat shook slightly as she scraped an ice-
berg that extended less than 75 feet above the waters surface.
Some passengers went out on the decks of the liner to investi-
gate but most remained in their warm cabins.
At 12:05 a. m. the orchestra struck up the Turkey Trot and
a group of Purdue university students joined in. At 2:05 a. m. the
orchestra was playing an Episcopalian hymn Autumn and the
Titanic had less than 15 minutes to remain afloat. She sank three
miles below the surface of the Atlantic at 2:20 a. m. April 15 1912.
The Titanic was impressive. Her weight was 46328 gross tons.
She was 88.5 feet long 95.5 feet wide. She was in short 11 stories
high and four city blocks long.
The Titanic was unsinkable and if she had struck the ice-
berg 6 feet further astern. She would have emerged the victor over
the iceberg.
Fifty years later she remains three miles deep in the Atlantic.
House Committee Approves
$47.8 Billion for U.S. Defense
WASHINGTON (UPD The
House Appropriations committee
Friday approved a $47.8 billion
defense money bill the biggest
arms spending since the Korean
war and said it may have to
be increased later because of the
steel price increase.
Representative George H. Ma-
hon (D-Texas) chairman of a
subcommittee which drafted the
bill was ordered to prepare a
report by Tuesday on how the
steel increase would affect the
cost of arms buying.
Mahon said the committee
would press the military to econ-
omize in every way possible to
absorb the steel increase. But he
said it remains to be seen wheth-
er that can be done.
The committee gave President
Kennedy virtually everything he
asked plus funds he had not re-
quested. It added funds to
speed work on the RS70 bomber
the Dyna-Soar space glider and
a New Mark 46 anti-submarine
torpedo.
At the same time the com-
mittee put up funds to block the
Five Named
To LKOT
Four engineering seniors and an
engineering professor were named
new members of the Loyal Knights
of Old Trusty Friday night.
Receiving one of the highest
honors an engineering student can
obtain at OU were Jim Booth
Deer Creek; R. Curtis PhUlips
Wichita Kan.; Gardner RandaU
Norman and BiU Surby Musko-
gee. Brandon H. Griffith assistant
professor of theoretical and ap-
plied mechanics and sponsor of
the Engineers club is one of the
few faculty members ever select-
ed for membership in LKOT.
Announcement of the new mem-
bers was made Friday night dur-
ing the 1962 engineering open
house projects designed and
constructed by OU engineering
students are open to the public
from 9 a.m. until noon Saturday.
LKOT officially was established
in 1920. Members guard the engineers-
Old Trusty cannon and
only members know its where-
abouts. - . - J
The cannon is fired every year
on St. Patricks day by members
of LKOT. The tradition started at
OU in 1314. That year the concus-
sion broke windows in OUs law
building and the cannon had to be
hidden to avoid confiscation.
The danger of confiscation no
longer exists but the tradition of
keeping the cannons location sec-
ret is continued.
reserve and national guard. An
extra $588 million was added
to the bill to maintain the army
national guard at a strength of
400000 and the Army reserve at
a strength of 300000.
Only Thursday congress sent
Kennedy its final version of a
$13 billion military procurement
bill including authorization to
ask for $320 million more than
the $171 million he originally
planned to spend in the next fis-
cal year on the 2000 mile-an-hour
RS70 bomber.
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MISS OU Mary Ann Bell Tulsa
sophomore majoring in speech
therapy was named Miss OU in
Thursday nights beauty pageant.
She will represent OU at the fall
football festival in California and
in the Miss Oklahoma pageant.
She was Miss Tulsa in 1960 and
first runner up for Miss Okla-
homa. Itoferentlmn
A campus-wide referendum
will be held Monday and Tues-
day to decide whether or not
the student senate president
should be paid $200 per semes-
ter. The election will take place
at the same time of the stu-
dent senate elections. Those col-
leges voting for senate candi-
dates will vote also on the ref-
erendum question.. Voting will
be in the Union lobby.
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Kendall, Jim. The Oklahoma Daily (Norman, Okla.), Vol. 48, No. 131, Ed. 1 Saturday, April 14, 1962, newspaper, April 14, 1962; Norman, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1810591/m1/1/: accessed June 11, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.