The Lawton Constitution (Lawton, Okla.), Vol. 70, No. 99, Ed. 1 Thursday, December 16, 1971 Page: 2 of 44
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11.1
AP NEWS SPECIAL
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nate this country’s deficit in the would be no devaluation of the
balance of payments—the dollar through an increase in1
2 A THE LAWTON CONSTITUTION, Thursday, December 16, 1971
Connally Likened To Steamroller After World Monetary Meetings
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THE LAWTON CONSTITUTION
Evenings Except Sat. and Sun.
LAWTON MORNING PRESS
Mornings Except Sun. and Mon.
THE LAWTON CONSTITUTION
ANO MORNING PRESS
Sunday
Lawton publishing Co., Inc.
MIA Ave. Lawton, Okla. 73501
SUBSCRIPTION RATES
(Payable In Advance)
Second Ciass Postage paid at Lawton,
Oklahoma
CARRIER DELIVERY IN LAWTON
AND FORT SILL
(Monthly)
constitution-Press and Sunday ______ 3.25
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Open Mon-Fri 9-9 Sat til 6
CLOSED SUNDAY
chairman of amount the United States gives i the price of gold, now $35 ansisted that no firm offers were
or spends overseas which is not ounce. The U.S. delegation made, but it has been Widey
...... So, when the negotiators got balanced by exports. The defi- leaked the basics of the offer to reported that he rep i . a
economic around to the nitty gritty of cit in the July-September quar-newsmen. would you say if we went down
...... 1 by 10 per cent?
ED
6
negotiator, and his art in creat-
ing surprise.”
ee” GIANT-SCREEN
Mw) CHROMACOLOR
that the states first to be affect-
ed are Alaska, California, Con-
necticut, Maine, Massachusetts,
Michigan, New Jersey, Oregon,
Rhode Island, Vermont, Wash-
ington and Puerto Rico would
qualify under present condi-
tions.
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rearrange international mone-
tary affairs.
Lonnally left foreign col-
leagues to off-the-record mut-
late super-rich oilman, Sid
gnamo-sexprssged " Sioildermoredt’the burden.
Open Daily ’til 8:00 p.m.
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Bv DONALD SANDERS at a meeting of financial lead- President Nixon’s announce- ago, Connally has been highly ’ gotiator. He was
ers early this month. ment Tuesday of his willingness visible on the domestic econom- the sessions.
WASHINGTON (AP) — Lik- In a surprise move, the to do so had been clearly fore- ic front, as Nixon’s officially f
ened to a Texas steamroller Treasury secretary’ let it be-shadowed by Connally dealings designated chief ---------------- ——
after his last appearance on the come abundantly’ evident in Connally, a Lyndon Baines spokesman andtN;n emcrat homamonyuroundsentmaksiorteorkerhsduesrareinvbived_l.
rough and-tumble school of But samongsthoseu concerned shopdted tWa he recess,P to investments and defense costs, sumption” meant. Finally, vantage than the British,
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States is contributing an unduly cial problem is that the dollar ly resent the surcharge, and in U,S. contribution to currency late this week when again he
-..... h-------- i- ....... states■ realignment? likely will be the dominant fig-
The sessions were closed to ure in revamping the world
Me
Decov‘
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French perfumes, Japanese negotiated.
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sad a third, “the Europeans tion in relation to the other ma-
probably wouldn't have formed jor nations of Europe, Japan
a common front as quickly as and Canada. The figure stag-
they did ” gered them. 11 was later re-
. _ vised downward to about $9 bil-
Whether the Europeans rave
:• 332323232332323
। • »••••••••<
al insisted they’not K-a share -j? satisfac.
German and Italian autos, tory currency realignment is
The other bankers began to This would give American ex-
tmuumumumuuuumunuumumuuuurtumm
sessions at Rome’s Palazzo
electronics and optical equip- What Connally did at Rome
the Group of 10 in September, ment and textiles enjoy a com- baffled some of his colleagues
he proclaimed that there should petitive advantage over U.S.- and annoyed others.
produced items, both in this , n . „ ...
country and in world trade. . He. sent out a stalking horse
Devalue the dollar, and for- in the person of hi . deputy,
eign products, will cost more to Paul Volcker, who laid on the
import. U.S. goods will then be table a proposal for a revalua-
more competitive abroad, and tion ofworld currencies against
the costs of American tourism the dollar at' a figure higher
will increase correspondingly, than most of them favore . .
i Volcker's proposal was based
The aim is to reduce or elimi- on a “presumption” that there
— 2.90 Unofficial estimates were
ALL OTHER STATES AND APO'S
1 Year 1 Mo.
Press and sunday______ $28.82 3.57
Const. & Sunday ..... $28.82 1.57
Const.-Press A Sun.______ $45.29 5.11
Sunday _______________ULM 13c per
Copy
FOR SUBSCRIPTIONS LESS THAN ONE
YEAR APPLY MONTHLY RATE
From at
. HOMEDECOR.
222***
A total of 270 head will be sold.1 WASHINGTON (AP) - Job-
Guy Shull of Elgin and Morris less persons in an estimated 11
Philpott of Walters will be auc- states and Puerto Rico can get
tioneers an extra 13 weeks of out-of-
work compensation under an wnetner ine Europeans rave lion. i
emergency unemployment bill indeed formed a common front '__ .. . I
2 . j ; . IE- tic monot-r moves At Rome, Connally had one
awaiting President Nixon s sig- before U.S. monetary moves ’ .
nature. may become known Friday advantage aside from his own
The bill, rushed through both when the finance ministers and poker-player talent as a ne-
the House and the Senate central bankers from the Group
Wednesday, would provide the of 10, 'he world s richest indus-
additional benefits in states trial nations, assemble here to
where the unemployment rate tackle again the knotty prob-
exceeds 6.5 per cent. lems of world finance.
Official estimates indicate the For Connally, the meeting is
bill would provide about $274 another step in a career that
millinn tn 538 ooo nersons if has included being governor of
Press-sunday and Monday const. .... 2.23 . ’ Texas secretary of the Navy
constitution-sunday a saturday-press 2.25 signed in the near future. " ’ tan.a una •4V
carrier delivery outside The program would expire for John F. Kennedy and attor-
lawton-fort sill -he,program expie ney for the enterprises of the
Morning Press & Sunday............. June 30, 1972.
Constitution & Sunday ____________ 1.73
constitution. Press & Sunday
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CLOSED SUNDAYS
Vemmm Simmons
Decov‘
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Bentley, Bill F. The Lawton Constitution (Lawton, Okla.), Vol. 70, No. 99, Ed. 1 Thursday, December 16, 1971, newspaper, December 16, 1971; Lawton, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc2037197/m1/2/?q=%22%22~1: accessed July 17, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.