This program is 27 minutes long
#12891
(Studio) President Nixon formally creates price commission and pay board Mbrs. unnamed. Econ., Dr. Herbert Stein, predicts temporary wage and price rise when freeze ends.
REPORTER: Howard K. Smith
#12892
(Studio) 10% import tax canceled for Japan, South Korea, Hong Kong, China, and Taiwan, China.
REPORTER: Howard K. Smith
(DC) 4 ntns. agree to limit textile exports to United States in return for tax cancellation. [Press Secretary Ron ZIEGLER - says President believes other agreements to come.] 3 year old textile problem of US-Japan over. United States will seek European help in correcting United States trade deficits and stabilizing American $; US to seek such bargain at Belgium conference
REPORTER: Bill Gill
#12893
(Studio) Cost of Living Council releases poll with regard to Nixon economic plan. Of over 2,000, 60.4% says plan stopped wage increases 17% says no or partly so; 33% says plan stopped price rises; 50.6% says no. 40.8% says policy fair; 37% says no; report on ABC poll.
REPORTER: Howard K. Smith
(DC) ABC asked Home Testing Institute to gauge impact and reaction of freeze; 33.1% think they've benefitted; 66.7% haven't. 38.4% says major reason for economic problem is excessive wage increases in union contracts; 35% claims Vietnam war as reason; 21.6% blames welfare program. 55.7% says freeze won't affect their President' choice; 45.5% says it will. Those helped by freeze are grateful.
REPORTER: Frank Reynolds
#12895
(Studio) Report says farmers quit despite success and love of land.
REPORTER: Harry Reasoner
(Near Andrews, IN) [Farmer Irving SHELLING - says family wanted to move.] 800,000 farms will shut down in 10 years Shelling breeds cattle on farm. Auction for stock held. [SHELLING - praises cattle. Decrs. in profits visible for long time.] [Son Phil SHELLING - says understood, from early age, farm would be place to leave.] It takes fewer people to raise food now. [SHELLING - says I'd do it all again.]
REPORTER: Harry Reasoner (narrates)
#12897
(Studio) California Governor Ronald Reagan meets South Vietnam President Nguyen Van Thieu; congratulates him on victory; calls election referendum and says George Washington's election uncontested.
REPORTER: Harry Reasoner
#12898
(Studio) Captain Ernest L. Medina honorably discharged from Army.
REPORTER: Harry Reasoner
(Fort McPherson, Georgia) Medina recs. papers after 15 years military service. [MEDINA - feels like civilian; has no regrets; notes clean break with mil.] Medina will work at helicopter plant in Menomonie, WI, owned by attorney, F. Lee Bailey.
REPORTER: Steve Bell
#12900
(Studio) Senator Edward M. Kennedy says Nixon's list of 6 Supreme Court nominees ranks as "1 of great insults to court" 2 names favored; California Judge Mildred L. Lillie and Arkansas attorney, Herschel H. Friday.
REPORTER: Howard K. Smith
(Little Rock, Arkansas) Friday photographed; won't comment. Attorney General John North Mitchell reported responsible for consideration. "Arkansas Gazette" urges Friday not be nominated. ["Gazette" spokesperson James O. POWELL - cites Friday's record with regard to school desegregation in Arkansas; says advocacy too much of burden to carry into Supreme Court]
REPORTER: Claude Locke (KATV-TV)
#12902
(Studio) Vice President Spiro T. Agnew meets exiled Greek ruler, King Constantine, in Iran.
REPORTER: Howard K. Smith
#12903
(Studio) President and Mrs. Nixon are guests at North Carolina celebration.
REPORTER: Howard K. Smith
(Charlotte, North Carolina) Community lauds evangelist Reverend Dr. William F. (Billy) Graham. Treasury Secretary John B. Connally also there. Graham and Nixon ride in parade. [GRAHAM - talks of warmness of Nixon.] Plaque to Graham unveiled.
REPORTER: Tom Jarriel
#12905
(Studio) Retired Harvard Prof., Dr. Simon Kuznets, 70, recs. Nobel prize for his development of the use of gross national product as measurement of economy growth.
REPORTER: Harry Reasoner
#12906
(Studio) 78 Senators sign resolution for President to continue shipping phantom jets to Israel. Action predicted to counteract USSR buildup to Arabs.
REPORTER: Harry Reasoner
#12907
(Studio) Rice University scientist, Dr. John West Freeman, Junior, says water clouds detected on moon by devices left by Apollo XII and XIV astronauts.
REPORTER: Harry Reasoner
#12908
(Studio) Report on old art of water hunting.
REPORTER: Harry Reasoner
(Danville, VT) American Society of Dowsing holds annual treasure hunt. Dowsing can be used for more than water. Different devices used. Dowser Society President John Shelly uses rod to see if Senator Edmund Muskie will get Democratic nomination and if Nixon will be reelected. [SHELLY - says yes to both questions.]
REPORTER: Bill Brannigan
#12909
#12910
(Studio) 20th century in 3 periods: Producers ran country from 1900-1933; Labor from 1933-1966; Consumers from 1966-2000. Wage and price bds. show bus. and labor they can't raise them like they used to. Nixon, 1 of most conservative President, can help consumers.
REPORTER: Harry Reasoner
#665147