European Stars and Stripes (Newspaper) - November 16, 1973, Darmstadt, Hesse                              Friday november 16, 1973 the stars and stripes d Page 31 Campaign fund raising is close to extortion Oil executive says Washington a the chairman of Ashland Oil co., who has admitted making an illegal $100,000 Cash contribution to president Nixon s re election Campaign testified thursday that Campaign fund raising in America Borders on extortion. Orin e. Atkins told the Senate watergate committee current fund raising methods should be abandoned in favor of Public financing of political campaigns. Atkins said former Commerce Secretary Maurice h. Stans telephoned him in Early 1972 and asked for a $100,000 contribution to the Nixon Campaign and a $10,000 advertisement in a Republican brochure. Stans never asked specifically for a corporate contribution or made any threats or promises Atkins said. I Felt More or less obligated Atkins said. We were not seeking any privilege or Benefit because Only a Small amount of our business is with the government. We wanted to assure ourselves a forum a calling card to get us in the door panel approves Benefit increase in social Security Washington up the Senate finance committee has approved a two step 11 per cent increase in social Security benefits for 29 million americans. The Senate committee acted wednesday As the House opened debate on a similar Bill. That Bill is expected to be approved by the end of the week in order to pay for the Benefit hike both Call for an increase in the amount of Vag a subject to the social Security tax to $13,2po annually beginning next year. Unde r existing Law the $10,200 wage base would have risen to $12,600 in january. Senate provisions the Senate committee Bill Calls for a 7 per cent increase effective upon enact ment and an additional 4 per cent increase effective next june. The House Bill would make the 7 per cent jump effective in March 1974 and the remaining 4 per cent effective in june. Once both bodies act the differences will be reconciled by a House Senate commit tee. The increases would be paid to All re tired or disabled workers or their widows and dependents who receive monthly social Security checks. To make our Point of View heard in the executive  Claude c. Wild jr., a Gulf Oil corp. Vice president who pleaded guilty tuesday to consenting to an illegal $100,000 Gulf contribution to Nixon s Campaign testified later that a Nixon fund Raiser spoke of a quota for Campaign contributions from big corporations. Wild said that Lee Nunn of the finance committee to reelect the president told him in Early 1971 that he hoped wild could arrange to get $100,000 for the Campaign in one Way or the  wild said he decided to give $50,000, called the comptroller of Bahamas exploration ltd., a foreign subsidiary of Gulf arranged to have the Cash charged to the miscellaneous expense account of the subsidiary and delivered it in april or May 1971. Nunn picked up the Money at Gulf s Washington office wild said. In january 1972, wild said Nunn re turned to ask for another $50,000 saying this is kind of a quota we re expecting from Large  wild said that he met with stans who repeated the $100,000 figure and that wild arranged to get another $50,000 which he delivered to stans. When a politician says 1 Hope you la be helpful you kind of understand what that Means wild said. Wild said he decided the contribution would be in the Best interests of Gulf. Most big decisions involving Gulf and other Large businesses Are made inside the White House he said. Committee chairman Sam j. Ervin jr., d-n.c., asked Atkins if he would agree that the method of raising Campaign contributions Borders on  very much so Atkins said. Atkins whose firm was fined $5,000 and who personally was fined $1,000 for Mak ing an illegal corporate contribution said there was never any doubt in my mind where the Money was going to come from. I knew what i had in the Bank and it did t come anywhere close to that $100,000 handmade bars Matthew e. Clark jr., purchasing director of Gulf Oil s a ship division Testi fies at a session of the Senate watergate committee. He holds his hands in front of his face to show How he visualized him self behind bars because of his involve ment in contributions toward president Nixon s re election. A photo Getty Case ear reportedly Cut from live body Rome a the italian press said that the ear sent to a Rome newspaper by alleged kidnappers of j. Paul Getty Iii had been Cut from a living person. According to an italian news Agency the first official results of analyses carried out by experts of the Institute of forensic Medicine showed that the ear was Cut from a living body because of certain traces of bleeding within the tissues. The ear along with a lock of hair arrived saturday at the offices of the Rome daily ii Messaggiero with a letter claiming that it had been Cut from Getty. The 17-year-old grandson of american Oil billionaire j. Paul Getty has been missing for four months allegedly kidnapped. The report also said that the exam ining doctors found that the ear had been Cut off with a surgeon s precision. Only a surgeon could have executed such a technically perfect Cut one doctor was quoted As saying. The alleged kidnappers reportedly Hope to receive $3.4 million in Ransom from the boy s Mother former actress Gail  Getty family lawyer Giovanni Jacovone said thursday that a Man called the boy s Mother wednesday morning giving the answers to five questions dictated by miss Harris Over the phone in a previous conversation. Miss Harris spoke to one of the alleged kidnappers tuesday and dictated the five questions which she said Only the boy could answer. She said she would discuss a Ransom demand Only after getting proof that her son is alive. Schools Chilly in . Electricity cutback London a Many of Britain s schools were Chilly thursday on the first Day of the government s emergency Powers restricting the use of electricity. The regulations went into effect at mid night to combat an Energy shortage threat ened by an overtime ban by Coal miners and electricity workers demanding pay  prohibit the use of electric Heaters in offices shops Banks restaurants churches Public Halls and schools. Stocks closing . Stock Price through the Courtesy of Frankhaus Bache and co. Nov 14 nov 15 address graph Allied chem Allisch Alcoa x Arda Hess am air Flor am airlines am brands Abc am can co am Cement am by named am Al. Per am Home am motors am Nat Gas att Ampex Ashland of at Rich Avon Back & w Bell & How Bendix Beth steel Boeing Borden Brunswick Burroughs celanese Chase Mann Ches & Ohio Chrysler Clark equip 12.4 44 11 63.7 35.7 18.4 10.7 35.6 22.7 27.2 4.5 21 24.3 42.1 7.6 32.6 47.7 4.2 25.5 100.4 86.1 32.1 27.2 29.6 30.6 17 19.3 17.3 237 29.6 55.3 50 17.7 48 12.4 43.6 11.1 63.5 35.5 23.5 27.6 4.4 21.3 24.2 42.3 8.3 32.5 47.4 4 26.1 103 85.2 32.6 26.4 28 30 16.4 19.7 16.7 240.2 31.4 55 49.3 18.6 48.4 nov 14 nov 15 Cluett pea coca cola cold Palm Collin Rod lbs Conw de con Edison cont can cont data pc int Deere co Disney Dow chem Dupont Eastern air Elk fair Cam Firestone first Nat c Fluor Ford Gen Dyn Gen elec Gen foods Gen instr Gen motors Gen pub u Gen tire Gillette Goodrich Goodyear Grace Grumman Gulf Oil 7.4 141.2 30.2 24.6 29.4 28 21 23.5 39.2 28.6 51.6 52.5 53.2 162.6 7 124.4 65.4 16.1 46.4 41.4 44.5 26.4 65.5 25.1 16.5 55.1. 18.2 15.4 42.4 18.2 17.1 24.4 10.6 22.6 7.4 141 30.7 24.6 29 27.7 20.7 22.2 38.6 28.5 52.2 53 55.4 164 7 124.2 63.7 16.1 47.1 44 43.7 27.2 64 25.2 17.1 55.3 18 15.7 41.7 18.6 17 24.5 10.3 22.4 nov 14 nov 15 Gulf Western Hilton Honeywell ism int chem n int Nickel int paper itt item corp John in Vale Jones & Lau Kaiser Alu Kennicott Kraft co lobby owe Long Temco Litton Lockheed Macy Marathon Martin mar May depart Mcdonnell d Mem Mem Mobil Oil Monsanto Nat Gypsum no Tomas nor corp Ohio Edison Olin corp Owens Iii pan am air 28.1 18.5 91.5 287 9.1 33 45.4 31.4 23 18.2 18.5 17.2 36 41.4 29.6 10.4 8.7 5.2 23.2 51.3 15.7 26.2 16.3 14.4 84.2 52.2 53.3 13.2 64.7 38 20.1 14.1 38.5 5.6 26.2 .17.7 88.5 280 9.3 34.1 46.2 32.2 23.7 18.1 18.4 17.6 35.6 42.2 29.7 10.5 8.4 5.1 23 51.4 16 26.6 17.2 14 85 53.1 55.6 13.2 63.6 37 20.1 13.7 39 5.6 nov 14 nov 15 Penn cent Pepsico Pfizer Phil Morris Polaroid proc & Gam Raythelon Ria re pub steel Revlon Royal dutch St Regis p Sears Shell Oil Sperry Rand std of Cal Exxon Swift co. Tel Edyne Texas inst. Texas Tull Twa travellers Union carb Union Oil Union Pac uniroyal unit All us steel West Nuhse Woolworth Xerox Zenith 4.4 79.2 44.7 110.3 88.3 98.3 32.6 20.5 23.2 66.6 37.1 45 86.1 59.6 46.4 61 94.3 23.3 12 113.6 24 18.3 32.5 34.4 46.6 81 9.4 22.2 33.2 31.6 20 138.7 31.3 3.4 79.7 45.4 112.3 90.6 99.6 32.4 20 23 65.3 37.3 43.2 86.3 60.6 47.5 62.5 94.6 24 12.2 114.1 24 18 33.2 35.2 46.6 81.2 9.4 22.7 33.5 33.2 19.6 141.1 31.7 open air entertainment areas and sport stadiums Are also covered by the ban. Medical institutions pharmacies and private dwellings where heating is deemed crucial in the preservation of health were not affected  for disobeying the orders which have extinguished floodlighting an Neon advertising Are a maximum three month prison term and a $240 Fine. The government charged that the miners overtime ban was a bid to exhaust the nation s stocks of Coal. Maintenance work and repairs Are normally done in both the Power and mining industries on an overtime basis during Early morning hours and weekends. Now this work has to be carried out during Normal hours with a consequent drop in output. The Specter of social and Industrial chaos in Britain this Winter sent prices on London s Stock Market tumbling thurs Day climaxing a three Day plunge that Cut their value by $7 billion. 15 most Active stocks new York up the 15 most Active stocks traded on the new York Stock Exchange wednesday. Sales close chg. Daylon inc 519,300 5 l /4 coast St is 383,200 13% % Chrysler 237,800 17% l /2 Penn Central 237,500 4 /2 it teleprompter 210,600 4 /2 % Warner com 208,100 11% vib Block or 204,800 10 % Gen motors 172,000 5s a 2% Ford 154,700 44% l /2 Kresge 151,700 32 /2 l /4 Mats Hushla e 145,100 17% i Saxon ind spc144,000 4% be Motorola 140,200 54 /2 4 into paper 140,000 45w a Mcdonalds 138,700 60% 2vt up special offering. New York wednesday 30 industrials 20 transport 15 utilities 65 stocks Dow Jones up Dow Jones closing averages High 899.53 180.79 94.96 278.33 Low 865.37 173.32 91.90 267.92 close change869.88 21.15 174.25 4.84 92.44 1.47 269.35 6.43 panic Selling began on a Rumor which proved false. It was that the trouble government was preparing an emergency budget with harsh new credit curbs and higher taxes totally reversing his drive for expansion. Gold drops in Zurich London up the Price of Gold Sank $1 an ounce in Zurich thursday but remained unchanged in London after its biggest one Day fall in five years. The . Dollar gained or held its own on world Money markets. Gold s Price at the opening of London s Pace setting Market was $90 an ounce the same As its closing Price wednesday. That wednesday Price meant a fall of $6.75 Dur ing the Day. Thursday s opening Gold Price in Zur Ich s big volume Bullion Market also was $90 an ounce. This was a $1 drop from the wednesday closing Price there of $92. Conversion rate Brussels up thursday s official rate of the . Dollar to european Curren cies. Figures Are expressed in dollars to the British Pound other local currencies to dollars currency nov. 14 British Pound 2.393 German Mark 2.61 French franc 4.43 Swiss franc 3.189 italian lira 593.2 belgian franc 38.96 dutch Guilder 2.70 swedish Krona 4.39 norwegian Krone 5.73 danish Krone 6.03 finnish Mark 3.737 austrian Schilling 19.20 Spanish peseta 57.3 military banking facilities will sell Marks to . Personnel at 2.58 Friday the rate at finance offices will be 2.59. Nov. 15 2.3875 2.587 4.425 3.164 591.90 38.85 2.68 4.35 5.98 3.727 19.05 57.26