xt70zp3vwt61 https://exploreuk.uky.edu/dips/xt70zp3vwt61/data/mets.xml The Kentucky Kernel Kentucky -- Lexington The Kentucky Kernel 1977-12-07 Earlier Titles: Idea of University of Kentucky, The State College Cadet newspapers  English   Contact the Special Collections Research Center for information regarding rights and use of this collection. The Kentucky Kernel  The Kentucky Kernel, December 07, 1977 text The Kentucky Kernel, December 07, 1977 1977 1977-12-07 2020 true xt70zp3vwt61 section xt70zp3vwt61  

Volume LXIX. Number 77
Wednesday. December 7, I977

  
 

an independent student n

This is the FBI

Authorities informed of Kernel editorial; T

By KEN KAGAN
Kernel Staff Writer

(in March 22. 1961 a UK professor
informed the Federal Bureau of
Investigation that the editor of the
student daily newspaper. the
Kentucky Kernel, wrote an editorial
on March 21 that dealt with the
danger of an emerging police state.

H. Alex Romanowitz, professor of
engineering until his death in 1971,
developed a “cordial correspon-
dence" with the FBI, informing the
Bureaufrom time to time of student
activities and sending copies of
Kernel articles and editorials.

This relationship, and others
between UK pe'sonnel and the FBI,
came to light recently when the FBI
released to the Kernel a copy of the
file the Bureau has maintained at
least since 1961.

Bob Anderson. Kernel editor for
the 1960-61 school year and author of
the editorial sent to the FBI, is now
assistant to the executive editor of
the Louisville Courier-Journal.

Anderson's name was mentioned
throughout the memorandum the
FBI wrote relating to that editorial
The memo indicates an in.
vestigation was conducted on An-
derson, with no information
resulting.

Anderson's editorial reads in part:
“There have been in recent years
many attempts to either destroy or
greatly abridge the traditional
American freedoms guaranteed by
the Bill of Rights.

“Citizens have been made aware
through the years of the threat the

Communist menace poses to the
US. as a nation and American ism as
a way of life, but we wonder if they
are as aware of the equally great
threat to Americanism that exists in
agencies of the government and is
sanctioned by these agencies.

“This threat is one that is as far to
the right of center as the Communist
is to the left. It was to a great extent
perpetrated by the late witch-
hunting Sen. Joseph McCarthy. and
has been nurtured carefully by J.
Edgar Hoover, director of the FBI;
the House Un-American Activities
Committee; and the military ser-
vices."

The editorial concludes:
“Americans must make a decision.
and they must make it soon. They
must decide if they want a Com-
munist totalitarianism or an equally
repugnant American brand of the
same poison; or there is a third
choicwone based on traditional
Americanism, that of America, the
land of the free."

When Anderson was contacted for
comment on his prominent mention
in the FBI files. he said, “I didn’t
know that file existed. but it's not
unexpected, considering the tenor of
thetimes. From what we now know
of J. Edgar Hoover, it seems natural
they «the FBIi would want to keep
their eye on student newspapers.

“I had the feeling someone was
keeping an eye on me. but it never
swayed me or intimidated me. I felt
that the greatest threats were in-'
ternal. and I still do," he said.

On Oct. 22, 1962. Romanowitz
again wrote to the FBI, this time

directly to Hoover. “l' ~ncloscd a
copy of an Oct. 19 Kernel editorial.
which he said “is more like it should
be than that of the September 1960—
.liine I901 period."

ills letter ended, "We wish for you
and your organization continued
success in safeguarding the internal
security of our country. How I wish
those in charge of our international
affairs would do half as well."

On Oct. 29. 1962, Hoover wrote to
Romanowitz. saying, "Thank you

Republican committee head

addresses policies of Carter

I'Al'l. (‘HAYCRAl-‘T
Kernel Reporter

After a number of oneliners
concerning the (‘arter Ad«
ministration. Jerry Lindsley
proclaimed that it's time for Jimmy
Carter to stop running for President
and start being President.

Lindsley is not a comedian, He is
the executive director of the College
Republican National Committee and
spoke last night before the UK
College Republicans at a fund-
raising dinner in the Student Center.

He presented a review of Carter's
first year as President. “Since the
1070 election I have refrained from
being partisan in my talks on
President Carter. To the contrary. I
have been looking for ways to
suppoit him. I am still looking."

He describes Carter as the only
president who ever campaigned for
two years with his fingers crossed
behind his back.“Jimmy Carter's
first year in the Oval Office
represents a disillusioning period in
the history of America. during which
he did what he said he wouldn‘t do,
and didn‘t do what he said he would
do.

"The only thing consistent about
him is that smile of his. He smiles
from early morning to late night.
good news or bad. Sometimes I get
the feeling he wasn‘t born like the
rest of us. I think his mother found
him in a box of Cheer."

One of Lindsley‘s biggest com-
plaints was that Carter has sent
members of his family as his per-
sonal representatives all over the

world Lindsley said he wouldn‘t
mind if ( ‘artcr‘s family was the most
qualified for the job.

Lindsley also listed the promises
Carter made that he feels have been
broken so far. "The President made
a lot of noise about reducing the size
of the White llousc staff by 30 per-
cent.

"When Ford left office, the staff
was 485. today it is 693. He promised
a $30 tax rebate. and to solve the
nation‘s unemployment problem. He
still has 49 states to go. because he
has already hired everybody who
can walk or talk in Georgia. and put
them all on the White Ilousc staff.“

()no reason Lindslcy believes
Carter has done so little is because
of Carter's political pollster. Patrick
t‘addeli. At the beginning of the year
t‘addell scnt Carter a memorandum
entitled "Initial Working Paper on
Political Strategy.“

It warned the new President that
"too many good people have been
defeated because they tried to
substitute substance for style."
According to Lindsley. Caddell
recommended all the stylish things
the President should do.

Iiindslcy also recalled when
Carter was criticizing our foreign
policy more than a year ago as being
run by the Lone Ranger. He says
Carter has swapped this for 3
Mickey Mouse foreign policy.

Concerning the Administration's
cnu‘gy plan. Lindsley said he found
it hard to believe the plan was for-
mulated by sober individuals,
although liquor is not served in the
White House.

He said Carter is providing no
incentives for the greater production
of cncrgy. from coal. nuclear
energy. or oil and gas.

Lindsley summed up his feelings
about Carter by citing what John
Connolly once said: “As a baby,
Jimmy (‘arter never wore diapers;
nobody could pin him down then,
either."

liindslcy encouraged to UKCR
members for future elections,
saying that (‘arter won the I976
Presidential election because
“Jerry Ford is too fine and decent a
man to play election politics in the
Oval Office.

"As I see it now, the Republican
Party is no different than the
l'nivcrsity of Kentucky football
team It has been on probation. but
certainly did better this year than
cvcr before."

llc recommended that the UKCR’s
use voter persuasion. and defined
that as "the political activist's in-
direct attempt to encourage qualifed
citizens to morally, financially and
manually identify with their par-
ticular political clement.“ He said
such tactics should be strongly used,
and if so, Republicans will never
have to worry about stating their
views on any subject.

Greg Blackburn. UKCR chair-
man. encouraged members to follow
Lindslcy‘s advice, using the theme
of the dinner, "Together We Can,“
"to make the Republican Party just
what we want it to be. a majority
party some day."

 

KENTUCKY
Kern el

 

 

for your letter of Oct. 22. with en-
closure. It was indeed thoughtful of
you to forward this clipping to me
and I certainly appreciate your
interest in doing so. I also want to
thank you for your best wishes and
kind comments.“

A note at the end of the Bureau's
copy of the letter said: “Bufiles
(FBI files) reflect cordial
correspondence with Romanowitz.
He frequently forwards material
which appeared in ‘The Kentucky

0 [74’4“ t
£0 [bray '
«(W
P9437} (9))

University of Kentucky
Lexington. Kentucky

today——

i

Kcrncl,’ the l.’nivci'sity of Kentucky
newspaper "

Romanowitz‘ son, Lexington
architect Byron Romanowitz, said
that while he was unaware of his
father's relationship with the FBI,
his father was well known for his
conservative views.

“Dad had a very strong patriotic
feeling.“ Romanowitz said. “He
sincerely believed that the socalled
liberal views of the students could be
dangerous to the country.

“It's hard to put yourself in that
place. because the times were so
different. There was the Cuban
missile crisis to deal with, for
example. If Dad were alive today, I
don‘t think his views would be any
different. but he‘d probably be more
silent and less involved."

The FBI files do not contain any
information covering the pa‘iod
from 1963 to I969.

However. an internal FBI
memorandum dated Dec. 1, 1970.
titled "Student Agitation, University
of Kentucky. Security Matter."
contained information about a
seminar conducted at the home of
political science professor Gene
Mason.

The political science course,
entitled “Seminar on Political
'l'rials." met weekly. At one.
meeting, early in October I970, the
memo said. a friend of Mason‘s,
tiatcwood Galbraith, made a
statement that “within the next
month or so some UK students would
bomb a UK building." This in-
formation was given to the FBI by

Continued on page 6

 

will lltht

How cold was it?

It was so cold that llcbbic Moore
seems to be screeching
protestations at having to spend
her surveying class outdoors

yesterday. The mining engineering
junior was rolling up a tape with
(Ari-g W right. civil engineering
sophomore.

36 book exchange to continue this year

By CRAIG DANIELS
Kernel Staff Writer

A used book exchange will again
be operated by the Student
Government, the senate almost
unanimously decided in its meeting
last night.

The program. in which students
drop off their books with 50 during
finals week this semester and buy
used books at the beginning of next
semester, was not enacted without
lengthy debate. however.

The program‘s detractors
suggested that relatively few
students have participated in the
book exchange, either in buying and
selling books or in helping operate
the program. They also saw the
potential financial failure of the
operation.

Senator Mark Benson, chairman
of the Student Services Committee
which sponsored the bill to instate
the book exchange), admitted that
t‘ew students have volunteered to
help operate the exchange.

He said he was “disgusted" with
the inactivity of senators who didn't
seek volunteers from their con-
stituents. Benson added that
because of the general lack of in-
terest. he was prepared to cancel the
program.

However, several senators showed
interest in the exchange. Senator
Bobby Gunnell said students had
described the program as one of
SG‘s best.

The exchange was eventually
approved, with $400 added to the $650

fundingrequcst made by the Student
Services Committee.

In other business. the senate:
, approved the apportionment of 25
student seats in the University
Senate, an academic policy-making
body also composed by faculty
members;

appropriated $150 to the Student
Government Association of Ken
tucky for first year dues;

voiced support of renovating two
squash courts at the Seaton Center
into rackctball courts in order to

accommodate more players.

Also during the meeting. it was
announced that:

SG representatives and Lexington
mayorclcct Jim Amato will meet
next week to discuss student con-
cerns;

the drawing of 272 pints during last
week's SG sponsored blood drive
guarantees the continued opaation
of the campus blood donor program;

a Rape Awareness Forum will be
held tomorrow at 7:30 pm. in Rm.
206 in the Student Center.

state

APPALACHIAN lll‘ltilttNAl.
liIlSl’l’l‘Al.. isi .iAltHi plagued by
financial troubles since a wildcat coal
strike last summer. Will lay off more
employees and could lose $850000 a
month because of l MW union health
fund cutbacks. spokeman Hex Bailey
said yesterday

"Prior to last July when the fund
announced its partial cutbacks. we
were getting approximately SI 2
million a month,“ Bailey said in an
interview "Obviously. the I'MW
beneficiaries have to have medical
care. We assume the ones who have to
would continue to use our hospitals.
We don’t know how mny of them will
be able to pay their hospital bills
lhcmSCth‘S. We don‘t know how much
of this $830,000 we will lose "

Altll. a Iti-lispital chain with
facilties in eastern Kentucky.
southern West Virginia and western
\‘irginia. relies heavily on I'MW
health fund beneficiaries for
operating funds.

\ I.A('K Ill“ FINDS and trained
health workers has resulted in
inadequate treatment for diabetes,
one of the three leading causes of
death in Kentucky. the head of the
l'niversity of Kentucky medical
centers diabetes program said
Tuesday

"We're not so concerned about
detecting new diabetics." said Dr,
Stephen Leitchtcr. assistant professor
of medicineat the university hospital.
"We know plenty of diabetics and we
can't take care of them

The state Human Resources
Department spends only $50,000 a
year for detection. and little or no
money is available for training
support personnel or for research. he
said. although diabetes is the leading
cause of blindness among Ken»
tuckians.

nafion

DISMAL (OLD AND SNOW
marked the first day of the nationwide
coal strike yesterday as 160,000
miners began the last weeks before
Christmas without salai ies or medical
inSurance.

From Virginia to Wyoming and
Alabama to Illinois. members of the
United Mine Workers vl'.\lWi union
struck the Bituminous (‘oal Operators
Association iBCttAi L'MW President
Arnold Miller said it would bring
“hardsh'ps and human tragedy" and
said the BCUA was to blame.

“It is now obvious that they never
wanted an agreement and that they‘re
trying to break this union,“ Miller
said.

Although about half of the nation‘s
coal production ceased with the ex-
piration at 12th am of the L'MW-
BCOA contract. no shortages were
expected. Major utilities and steel
producers reported stockpiles suf—
ficient for about 100 days. Miller has
said a three—month strike is likely.

EMPLOYERS MAY RI‘IFl'Sl-l
SICK PAY to pregnant workers but
cannot take away their job seniority
or seniority benefits because of
maternity leaves. the Supreme Court
ruled yesterday.

The cOurt decision, written by
Justice William H. Rehnquist, relied
heavily on the controversial ruling
last December that pregnancy
benefits do not have to be included in
an employer‘s health insurance
program.

The justices found that a California
school board did not have to provide
sick pay to Sonja Lynn Berg. a
teacher in Richmond, Calif. and the
sole support of her family when she
became pregnant.

But they ruled that the Nashville
(ins Co, in a stripping employee Nora
Satty of her job seniority during her
sevenwcek leave to have a baby “has
not merely refused to extend to
women a benefit that men cannot and
do not receive but has imp05ed on
women a substantial burden that men
need not suffer."

weather
I’ \KT|.Y (‘lAll'DY AND COLD
today, with snow tonight and

tomorrow. Highs tomorrow from 15 to
30 Winds northwesterly to 20 miles an
hour today with precipitation chance
60 percent today.

Compiled from Associated Press
dispatches

 

  

 

 

. - . ‘ . . g . _ ‘ ‘ ‘
mar ll elk! News I‘ dllu:
Save Balllnur Nu o-ae Danni".
Managing Editor \nocnm l‘uilur
llrkGabrlel \tarte Mllcl‘t-l'
Fm!“ Edit-iv NIH \rtlsl
JD Kemp William Fann-

editorials 8: comments

I .ilel Pm '.lrI|-|u:
i2.‘iK‘..'hl

\yuns Ldltor
lMivltlLlllallth

..-..-__-—__.____._ .. ._ __ _

(up) ludliuu

J‘ld‘lh l-‘ger'on
l.) mu Funk
Betsy Pumice
I'hfl it Jiledue

Arts Lellor
Thoiniast‘taiii

 

 

 

Reverse diScrimination

in the world of finance

\\.\Slll\(‘.l‘tt.\-— lr' reverse
discrimination in people is g02ng to
he \eihoten. what about money"
The t‘hiiago Reporter an excellent
newspaper in the field of race
relations. has dug out the fact that
the t'edera' government is pulling its
Medicare deposits out of minority

banks and transferring them to
white owned. ones
From a high of $147 million

.‘ilcdicare deposits to minority banks
under President .‘ymin in lit73 the

deposits through even steven. iaii'
bidding in return for all interest
free deposit the banks with
‘dethcate funds lituiilled the paper
work and the sending out at checks
to :‘eimhtl‘se doctors and other
suppliers under the program The
bank that offers to do the work tor
the smallest interest free account
Lets the job.

\'eawny National llani'. was un-
derhid by another. white bank.
which has a corporate tie in with a

 

Nicholos

Von Hoffmon

 

figure has shrunk almost to the
disappearing with out Silooitoo on
deposit now

The newsletter quotes a board
member of the black-owned Seaway
National Bank of Chicago. which is
lOsing its deposits. as saying. "There
are many issues of which Nixon can
be criticised. out he went. much
t'urthei on aid to ‘nirority htisitiess
than either presdent since "

If the t’arter administration's
E‘t-t'o‘t‘tl tn this regard looks bad
compared to King Dick's it isn't
much better stacked up against
Jerry Ford's: lti"

The residential Kll‘i‘7'il'15 .it \n'h

olizsville. Ky

r). ipnet :t’ta-r
iiixnit ten o‘clock Thinking of the
daily itiadness ol‘ Isit'hiiliiat'illt-
lined l chuckled .it the change l:

ill‘t' ‘.t

was any ditlerenf from tht d-t'
‘itne how hauntingly witnhit' 1o
thesi- spring nights six year». ago

".;eii we were trying it: learn to tie
officers and pilots (htnliotha
Iiof they wanted us to Mary in?
”we was no reason to hir'iy oz. 1i1is
nasty 'l uesday evening;

l=tretched some and then began to

A
AU- llidlDE' I l
itiit “G

N

__....... m-~—\

)OU’ EPRO'

I" x

~i.ii It’s done With the federal
L’.“‘.v‘ililli(‘tlt it takes months just to
lllt‘l out win-re you stand. '

l'iiilrstiinding the rules

Just as the avliiiissiot‘. of black
‘ltlt’it‘llls to medical school at the
expense of keepn.;t white ones out, if
not so low bidding black
i,tl!.\lllt‘.\.s is chosen over the iowest
ll; 5 ling white rits’iiiess we have
reverse money discrimination if
that‘s it tone. too. what we're.
rotizizig chin to saying is. ”LOOK.
.‘ilr l-liack Man. w - know you got off
to a poor : iatt ir life's race through
no tattit of your on ti, htit the way we
run the races around here it would
be against the t‘ult's to make it up to
yoti We hope -.ot' understand the
rules oi iair play preclude enforcing
it'd play "

li lilac-k individual: or the nation‘s
blat k l‘i‘mllli'SSt’S are going to get a
helping hand. somebody is going to
itil‘st' it can't he the black
pmpie because they already don't.
hay ciaiytlang to pay with: it‘s got to
be the white people. but which white
pmple.’ That‘s what we ought to he
worrying atom: instead of reverse
discrimination

if Seaway National Rank is given
the business even though it isn't the
low bidder. that extra cost to help
:“:.el\ l.'.:.sll‘.é‘:~.'s is spread around
among :i iilions of ptople No one.
single white person has to do all the
pain»: The thing could
hit?! on ~ ‘l' medical school

i';.I don ' w .i, rtalit‘ied white
out to let the black \‘.‘Iit‘. slightly less
shiny qualifications in. 'i'ou let both
in by providing extra room. The
white teachers may have to teach a
little harder. but that's a far less
out-rota. sacrifice than being kept out
~: the pt't;it-:;s.t)n one yearns to join.
\n-l it costs the taxpayers a little
new t..- cit-ate the oittra slots. but
the burden is iairly shared.

the

in pay

same

'i
l”:

tv-pii'ield lEITT.

syndicati‘. inc.

hy hint; Features

”5

things hogan lv mitt:

 

h at at

.y;|i1

iii?! t.it not; lift 'I'lulil foot or

-'.I.t.' . .‘t.-,.
age it the lit? in»: and

'rwte. not to lilillllt't‘ Ronni-mg on

commentary

ft‘ litlsl It‘tl lt

:«l-t} i‘ot‘iiig to yiri" spit-ll and

(”Hart ht'tli‘cs 251‘
llilhlll Trail the hrezillnn;

'y. vino.
tight or.

i make it last l turned
dgi-wood l‘ri'ivc it. was
ti .ititly quiet and i made it half way
up the block before my concentra-
lion broke and l was walking.
‘r-‘hamed of the short distance I had
tent:- l litaaii again l’i'. l‘A'l'Y l’it
l‘A'l the warped right Ioot hit flatly
iit' flit pain it as less now

it
if

inns moving fan iy "IlltlllllllA and

.ti‘. around a someone had

L'tll

BBL'i’

l Aili’ED
You ‘ l

irnt.‘

"t
i.“ ”1...

‘—-'V‘

 

 
 

KENTUCKY'S
WEATHER

Only

certaui

Another Big Daddy in Africa?

Relax and enjoy winter

HY HARRY B. MILLER Ill

The nip is in the air. In other
words, it‘s startingto get cold as hell
around here. it‘s time to have a hip
tof one‘s favorite beverage). It
may be cold . it may blizzard out-
side it may be impossible to travel
one city block and live to tell about

 

growing
up rich

 

it. \nd it‘- damn near impossible to
get my angers to operate this
lypcw'ritter. Yet. it’s wonderful.

Winter is great. it is one of the

most attractive times of the year in-

Kentucky. Everything becomes
shrouded in white. At night, the
sounds are muffled. It‘s quite
wonderful.

Of course. many people don't like
winter. It isn‘t hard to see why. At
times the cold. snow and ice can be a
real pain in the ass. Especially last
winter. Everybody got snowed in.

from

pirked across the sidewalk. the last
ear in their private traffic jam that
tovered the whole driveway. A little
whit-s tov poodle was outside one of
the houses and he chased me. He
was small sol decided to see if there
was any of the old speed left. I
turned it on and was amazed when it
came on a little and the poodle gave
ip
A quarter—mile later I smiled to
myself. broke concentration again
and walked the last few steps to
_ Shun Pike. 1 knelt down in the
darkness to catch my breath. The
legs were doing pretty well consider-
ing what they had been through six
years before.
ism; What a year! Drop out of
college and you would be drafted.
You got Season‘s Greetings from
your draft boa rd followed by you and
seventeen strangers trying to learn

 

07‘ 0..

 

Public school kids got out of ('lilbstfh
fora longtime. They got extremely
bored. And their parents likely got
tired of seeing them eveiy clay. a}!
day long, Local mereh ants didn't do
any businem. Many people couldn‘t
get out to shop even it" they had to.
Last winter brought some hard-
ships. This wintc may be the same

But winter is a time to enjoy. It" at
all possible. don't try and drive to
the local shopping mall .Iiist sit at
home and look out to the world Just
enjoy what‘s going on. which Ls
usually nothing. Vety pleasant

The best of all possible things to do
is to bundle up warn” it
midnight and take oil m. a I..,u; \I'alk.
\Iciy nice. Try not to drive it's kind
of dangcous You might. end tip like
Kernel columnist (‘has Mair. with a
close encounter of the fourth kind
«telephone poles».

It's winter. Have a good that

f'li‘ttji

()n a different subject. Africa. is
certainly an interesting ttmifilt‘m
Witness the African country sailed
the (‘entral African Empire. .lean

   
 
     

Change

iil'tlt’l tlokassa. formerly a sergeant
in the French colonial army,
recently crowned himself the
nation‘s emperor. The Central
African Empire is reportedly one of
the poorest countries on the con
tinent (‘ost of the coronation
t'ei‘eltttlttyi £30 million. The man is
certainly a candidate for the ldi
Amm Leadership Award.

Time is an interesting film in
town. It's entitled Fraternity Row.
'iflfl is playing at the Crossroads
ii. I'i:;=;inas. The film‘s total
pi iductton was handled by
l‘iiiversity of Southern California
graduate students. I have yet to see
it Many critics consider it a good
him not just a good film for college
s‘ sin-tits.

This has really been a dull week.
l-Iveryone including myselfi is
getting but lit'tl out ‘it's time for the
semester to end. Let’s get it over
‘.‘-‘!lli. l' A '

liiu rt. if. Aliiler Ill will ramble next

Wednesday

raft board

to deal with your fears ; nil opt rate
the birds of war Somebody had to

lteminded of the dark :iiahts hack
in flight school I tried to remember
the names of the seventeen yinnt:
mm 1 had flown with. they had
intelligent. eager faces 1 could see
them in my mind and wasstirprised
that I remembered their names with
little effort. Wroebt-l Ale
uight.

They said we were the hest but we
were just like any other college
d‘opouts We were bright but not
wise and we had that nervous kind oi
murage that comes tron. wondering
if you can do what yoti know is next
Weall smiled cavalierly llllllftt't as
often as we lit new cigaret tes.

The cold wet wind hit me and l
ttirned my back on Shun l’lke laist
txiunt nine of those l)t'l.'lL{ \‘Itiltlg faces
were not alive any more. good men.
gme. llut they were there with mt
fur a moment as I. H called the card
games and dances and ”H“ tonimis
slotting ceremony i had nassed The

..
IM‘. is,

 

Down the tubes

As a freshman starttn' at Hi. i
would like to express my opinion of
the Kernel. 'l'liis newspaper has a
wide assortment of articles and
topics that are covered from day to
day. but lthinkthereeould be a little
more taste and seluttvehess used
when dioosing now to present an
article.

Some articles run people down and
to some degree. make fun of them.
in my opinion. that is considered
libel and the Kernel staff should be
able to keep biased feelings out of
their writings.

Furthermore. running words
togethu' to an extent that the reader
has to unscramhle the paragraph in
order to read it is absolutely un-
called for. There are correct ways to
space letters and words so that
Block News Style will look neat and
be easy to read.

‘0‘. ..

liszdiled -\iiieriean Veterans had
e nt me a card by the time t limped
hack to college in 1974 I do not
remember what happened to it

'i rainorop hit me in the face and
the \“llltl was rising. It seemed a
little colder as l started to trot back
up the little rise on Edgewood The
imdle was not there this time and
most of the houses that had been lit
ap iii-tore looked dark and asleep as
lpassed them at a trot.

t in the way home l thought I heard
a sound that was louder than the
wind it \-. as only for a moment but
soon i out ran all but the wind. I
guess the noise was just the pulse
hunting in my cars In between the
thin puddles of light below the street
lamps it seemed I could hear men
tunniiig behind me in formation but
it was dark and windy and I guess
ml

\lirgan \lerrill is a third year law
student.

—»--~Letter————-———

Also. misspelled words make the
writer look like an idiot and can
only he avoided by proof reading
their article before pressing the
iliifzi‘.

i could not believe the way you
printed the disgraceful "Dogs of the
Stars“ cartoons in view of the letters

printed concerning their of-
l'i‘INVcnt‘ss to the readers of the
newspaper.

i thought the cartoons were in poor
taste and the artist had a warped
mind especially concerning “Elvis
Presley's Dog.“

The summer issue of the Kernel
was quite well written. but since
then. there has been a rapid decline.
I think the Kernel should figure out
where the trouble lies and correct it.

it is absurd for a University of
22,000 students to have a poorly
written daily paper.

.lacque Shurr
Freshman. Arts In Sciences

 

 

 

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‘Shurr
dences

 

 

$4M 3'1", ‘ ‘

Economic noninvolvement

Meet Wall Street dropouts

B) James w. Davant

Seeing themselves as
outsiders with little power
over events or institutions,
more and more Americans
are choosing nonin-
volvement.

Political noninvolvement is
evidenced at the polls by
lower and lower levels of
voter turnout. “Don’t blame
me,“ the bumper stickers
say, I didn‘t vote.”

Economic noninvolvement
is showing up as a decline in
the direct ownership of

commentary

shares. Individuals with only
a few shares feel powerless to
affect the affairs of cor-
porations.

A longtime trend toward
increased involvement has
reversed The individual
investor ~ like the bald eagle

seems headed for ex-
tinction.

Here is a simple telling
fact: In 1970. 31 million people
owned stocks; now only about
25 million do.

And many individuals who
have not dropped out now
allow financial in-
termediaries to do their in-
vesting for them.

In 1949. institutions owned
14.5 percent by value d all
common stocks listed on the
New York Stock Exchange.
Now, institutional holdings
are over 33 percent. Last
year, financial institutions
accounted for 54.7 percent of
the value of all shares traded
on the Exchange. Individuals
were responSible for only 23.1
pa‘cent.

Today. the great bulk of
new financing is being routed
through dep0sit and savings
institutions, insurance
companies. pension funds,
and investment firms. 0f the
$230.4 billion of primary debt
and equity issued in 1976, five

.oa-

 

out of every six invested
dollars were institutional.
The indiv1dual's with—
drawal from the equity
market has alarming im-
plications. The American
economy will need about $4.6
trillion