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cscv IADIO WIDNIIDAY

The Guardian. Charlottetown, Wed. Nov. 7, 1962. militias. should be celebrated in. e

Tax-Exempt Fo

By GEOFFREY GOULD WASHINGTON (AP l-—Uniied States congressiona investiga-’

. determine whether dealings by tax - exempt U.S.' foundations helped trigger thel stock market plunge earlierl this year. ‘ i . A. Olsher. director of the‘ House. of Representatives small: business committee's foundationl study. says information gath- ered so far tends to support a demand by chairman Wright atman (Dem. Text for a mor-i atorium on granting further tax‘.

exemptions.

Olsher said Paiman has re-l quested'dctails from more than' 500 foundations on their stock market transactions from Dec. 1. 1901. through June 30. 1062.

Olsher. in a cum made! available to reporters Saturday.’ said the purpose ‘ I the role of the tax-free founda- tions in the market tumble of lflﬁ2-ln other words, to deter- mine. to what extent. If any. foundation professionals helped: trigger the. stock market plunge of 1962 and profited later by! purchasing stocks at lower‘

e. I!

So far. he said. 38 foundations

This inquiry is part of a larger: study the. committee is making‘ of foundations. which Patman contends are virtually unregu~ lated and sometimes used “as a vehicle of trading in securities, :mdudodginiz the capital gain! .ax. ‘ The inquiry so far shows ihati the 88 foundations sold $140,135.»1 000 worth of during the.i seven-month period. with total capital gains of “3.442.000.

The lamest single transaction was sale. of 1.000.000 shares of Standard Oil of New Jersey common stock on Feb. 23. 1962.5 by the Rockefeller Foundation} The price was 352250.000. andi the foundation's capital lalni was 547.013.093. It had held the. stock since i9l9. ‘ he transaction was hitherto unpublicizod. and a Rockefeller‘ Foundation spokesman in Newi

sold by the foundation directly to Standard Oil Co. No brokers were employed and the trans~ action was not handled through a stock exchange. he said.

NOTES SALE DATE

1‘ e foundation spokesman

note that the sale took place

more than three months before};

the biz stock market break ofi ay 28

, the proceeds. $15,400,000 ‘ was reinvested in corporate i stocks. he said. and all but

r $1,400,000 of these were bought.

before the market plunge of! May 28. The balance was in-[ vested in bonds or deposited lnl

accounts. he said. I The committee‘s figures

“is to assess neck

have responded. iel ed

undoﬁons

Are Being Probed In U.S.

ecumenical cuban’ Say

3. The mass should use as much as possibl iwas Down the Words of Christ in the Bible, not man-made words. "Man- made prayers should be used only sparingly."

showed five Carnegie-controlled foundations sold 322500.000 worth of stocks during the pe- riod. with a capital gain of 88.- 789.000.

Olsher drew no conclusions from the availble figures. but cited Patman's previous state- ment that tax-emempt founda- tions "should not be permitted to use public funds for specu- lation in the stock market. Their mistakes or misfortunes are too likely to have a disastrous ef-

fect on millions of our citizens." —__________

Bishop Suggests Ecumenical Mass

By JOHN EARL]:

VATICAN CITY (Reuters! —— A Roman Catholic bishop who said “someone has to stick his out." has the R o m a n Catholic ecumenical council to create an “ecumeni- cal mass" spoken In the verna- cular and open in non-catholic Christians.

GermanAborn Bishop William Duschak. apostolic vicar of Cal- apan. Indoro in the Philippines. to d. a press conference his idea of an ecumenical mass mod- , on the last supper prob- ably had earned him “many ad- versaries. but also many friends." He spoke on the sug- gestion at Monday's session.

Bishop Duschak. who has spent more than 30 years in the Philippines. said he hoped there wou be “an inroad toward it n t t y the sacramental sphere" by the creation of an ecumenical mass.

"Should not. the ecumenical council. which is the alerting point for a great and organised movement toward Christian un- ity. lay th e foundation of eucharistic celebration which could be offered to all rites and o to all non-Catholic Christ- ians who believe in theyeuchar- istf’" he. asked.

SHOULD FACE PEOPLE

Bishop Duschak said be fully agreed Latin should continue as official language of the church and that the Latin rite should also continue to be oh~ served.

But he said by the use of an ecumenical service “the faith of non-Catholic christian communi- ties in the sacramental presence of Christ may be rejuvenated or even rectlfl Speaking in English the bishop so made the following points: i. That the. priest should face the people during mass. M pres- ent few could see the priest's face and "no one would think of inviting people to a supper and then turning his back on them."

2. That slnco Christ did not. speak in Latin. hut in Aramaic. the language of his country. the

8]

Alberto Ponders Prepaid Plan For Dental Care

EDMONTON (or) — The Al- uhed.

berta Dental Association in “He penetrated deeply

studying a possible implementa-

tion of a prepaid dental care

plan. Dr. Roy L. Rasmussen of

Calgary said hem. D Raam

Maj. Anderson's body was re- turned to the United States Sun- day. Until now. there had been official disclosure as to how

pilot

no the reconnaissance per-

by the anti—aircraft defences of' the army.”

committee. said the association has talked to provincial civil servants and other groups in

efortieto therewnademmdfoomh

one which would allow eubscrib-l or to “receive pneventive andi ‘actual [dental care and at the ‘same time spread costs over a . program. yperiod tome," be said.

It also has studied a varietyi He said In average tamuy of of plans, but before any could tour now spends 924 a your for be. implemented there was ardent“ elm need to educate tibe public to! , y. accept preventive dental care. . I“) mum in cum m y“ Dir. Rasmussen added. 'lmplmmml m 1 mil“: The envisioned plan would be .he added.

6"X LNEOV HHOES

RIPLEY'S BELIEVE IT OR NOT

ms lNDER cousrsuciiaa FOR 774 was cameo-i

m is was wasaso assoc: or msuvsars mm VllAGE in JAPAN tSl was was

VWGNVIO

DAItY cvsosswoso ACROSS DOWN

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BECKER

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Music Headlines In Weather Nil-Mostly Music

Tape Lu—Mestly

By B. JAY South dealer. Neither alda vulnerable. “I

gene

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Them

Iouth West: North u INT Pa- SN’I' Pale INT

Oriental lead acres of a

up es. . . This hand created a mild hul- Iabaloo when it was first pub- lished many years ago. South gets to three notrurnp and the question is whether or not be c it make it. sssumln: the be play by both sides. West leads the seven of spades. ’

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CBA WEDNESDAY

I.00—-NaWs Ii Inland Weather IJE—Marttima Sport-cut

lib-Tho Mas Ferguson Show moo—csc News I. Voice napalm O.IO——I’review Commentary '.IS—-A.M. Chio'niclo lo.lHlavroom lose—mm Dairy ILOO—CIC News thus—Joan Marshall INS-Jar Consumers

I

Would you place your money on North-South. or would you rather back East - West hi the battle? There's only one right answer. with everyone playing perfectly. but it's not easy to ee

5 .

East plays th a queen of spades on the. opening lead and declarer has a problem of wha- ther or not to win with the

. as no way of winning nine tricks without attacking hearts. but as soon as he does, East takes the ace. re- turns a spade. and down lose the contract.

So let's assume that declarer ducks the queen of titles. as well he might even without see- ing the adverse cards. and that East return a spade. South plays the lack and West takes it with the see.

It would appear to be useless for West to lead another spade. even though It. establishes his long suit. because he has no entry card with which to get in to cash the spades. But he leads the third spade anyhow. and on it East discards the ace of

This play is just what the actor ordered. South may sweat and strain and beat his brain. but he simply can't make the hand regardless of what he does. He is done in by East's unusual discard.

brow the ace of hearts without knowing the ad-

_ t h a t many would do it. People Just don't run around toesiu aces halter- skelter. which is rather a pity

layers

this comes

If East makes any discard ‘ other than the are of hearts. Sou h m a kos three notrump.

when a fine opportunity like up. ‘

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DAMOBYHOQUOTE—Hae’ehowtowkﬂs‘ “ axrnnaaaxn h I. 0 N (I P l I. I. o W Ono letter simply stands for mother. In this sampIaA is need [or the three L's, X for the two 0's. etc. Single letters, apol- trophiu. the length and formation of the words are all biota. ' mummktmmamemc A Crypr Quotatio- ‘ '1' 0,33. III)! JXIIIINI‘, 815036.83 8' II'WJI IBIVIOOVI'

'DW.—IIXI

1w W pronoun me I : DEATH 10 THOUGHT—CARLYLE o in. III; M syndicate. to

OUR BOARDING HOUSE MAJOR HOOPfE

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Interlude

ISO-Assignment

0.00-imod. to Wild. Night

Calling All lays and Girls!

MI" : “Muhammad-roam:

These "II I

Papa/'9 wseu

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and In Tha Provinces , 10.30»Vmcouver Iran Rachel

"the Zone"

H oo—aiii or Fare 12 (lo—Marl“ Weather

12.09-leland Weather and is m m

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3313!“ ’8 $990”

THAT NEW NEIGHBOR BOY seems 1" (BE KIND O'NICE.’

NECK, ALL TH’ tabs THINK HE'S A SIOSY/

HE WASHEE HIS HANDS ' AN' COMES HIS HAIR BEFORE EVERY MEAL.’

WHV, ORAN, DMA.WHETHEI2 HE'S TOLD 1" DO IT OR NOT...

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