The Bonham Daily Favorite (Bonham, Tex.), Vol. 74, No. 48, Ed. 1 Wednesday, October 19, 1966 Page: 4 of 16
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THE FAVORITE-Bonham, Tex., Wed., Oct. 19, 1966 Page 4
LBJ Labelled
As Warmonger
:
TOKYO (UPI) —Communist
China today denounced Pres-
ident Johnson as a :iwarmon-
ger’’ and charged that his Far
Eastern tour was designed to
step up the .war in Viet Nam.
The official New China News
Agency (NONA), in a broadcast
heard here, said, “U. S.
warmonger Lyndon Johnson
arrived in Honolulu, on a tour of
the Far Tast in which he. will
wave the banner of peace while
actually trying to expand the
war of aggression in Viet Nam.
Johnson arrived in Welling-
ton, New Zealand from Honolu-
lu early today on the first stop
of his six nation Asian-Pacific
tour and Manila summit
Cancer Group
Will Hot Meet
The Cancer Society, which
was scheduled to meet Thurs-
day noon, has cancelled the
meeting so that members can
attend the court house dedica-
tion ceremonies and the barbe-
cue sponsored by the service
clubs.
meeting with American allies in
the Viet Nam War.
First Reaction
The Chinese news agency,
voicing Peking’s firs: reaction
since the President’s tour got
underway, said:
“The fact that the U. S. head
of state has to make a trip to
the Far East himself shows
.that the badly battered Johnson
administration in its death bed
kicks has to send top-ranking
government official^ to various
places to 'push ahead w'th
redoubled efforts its counter-
revolutionary dual tactics of
peace and war.”
Recstksficn Stakes
NEW YORK (UP’) —Buck-
passer, the only three-year-old
millionaire in racing history
and winner of his last 10 races,
drew only four rivals, including
stablemate Poker when entries-
closed for today’s 74th running
of the $50,000 added Lawrence
Realization Stakes at Aqueduct.
The leading candidate for
“Horse of the Year” honors is
an early 1-5 favorite.
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Advance From IM
Nasser S
Egyptian
By MICHAEL DENNIGA
United Press Internation
CAIRO, UAR (UP1)
internal clash over the p
Egypt is prepared to pay f
7 million advance from
International Monetary F
(IMF) appears to be the m
reason behind President Ga
Abdel Nasser’s new swee
cabinet reform, the second
year.
The pirice which the Pres-
ident was unwilling to pay:
basic economic reform at home
now, including “hidden devalua-
tion,”' which IMF experts
considered essential to start
Egypt on the long road back to
financial stability at home and
good standing abroad.
Nasser’s rejection of the IMF
terms,, acceptable to some key
members of the old cabinet,
appeared to put the United
Arab Republic back where it
started a year ago when the
Zakuria Mohieddin administra-
tion took over with the job .of
putting the economic hoiiafe in
order.
The IMF proposed what one-
source called “a substantial
stabilization program” to be
sure of getting its money back
from the UAR, caught in a
vicious circle of mounting
foreign debt and a universal
freeze of new credit until its
position improved.
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price and tax increases rose to
a new pitch when the price of
rice was suddenly doubled in
August.
The new cabinet, consisting
for the most part of “faceless”
technicians and experts, will
make sure that Nasser, keeps
closer personal control over the
economy than he did during the
short-lived Mohieddin adminis-
tration..
Now the big question pon-
dered by. Western diplomats
was where Egypt will turn to
for help in solving its debt
problems, accentuated by the
need to import more foreign
food to feed an exploding
population.
A new approach to the IMF
was likely, but it was
understood here the IMF was
reluctant to part with more
money until it had copper-
bound guarantees of getting it
back.
Could be Landmark . . .
Manila Conference Has
Chance of Being Vital
M-
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By STEWART HENSLEY
United Press International
WASHINGTON (UPI) —The
Allied “summit” conference On
Viet Nam to be held in mid-
October in the Philippines could
prove to be a landmark In the
struggle against communism in
Asia.
Or it could slip into oblivion
as a meeting whose only result
was to salve the egos of
smaller nations desiring grea-
ter recognition of their role in
the anti-Communist conflict.
The eventual significance of
the meeting of President
Johnson and the leaders of the
six other nations actively
participating in military action
Monthl y Payments As Low As $5
Workers Return
To GE Plant
WASHINGTON (UPI) —
Union leaders today considered
an appeal from a back-to-work
order for striking machinists
and auto workers at the
General Electric plant produc-
ing jet engines for the F4
Phantom—the principal U.S.
fighter used in Viet Nam.
Workers at the plant in
Evendale, Ohio began reporting
back to their jobs for the shift
beginning at 12 am., EDT
today.
Union leaders were expected
to decide later today whether to
appeal the order, given under
the Taft-Hartley Act, which will
mean an 80-day cooling off
period in their contract dispute
with GE-
On LBJ’s Request
The order was signed by U.S.
District Court Judge Carl
Weinman in Dayton, Ohio,
Tuesday. He was acting on a
request initiated at President
Johnson’s request.
The White House said that
similar action may be taken
later against some of at least
seven local strikes at GE plants
i in other parts of the country.
against the Communists will
become apparent only in the
light of the developments that
follow it.
Much will depend on whether
Peking and Hanoi persist in
their refusal to consider peace
talks on any terms other than
the surrender of South Viet
Nam.
Form New Group
Continued Communist intran-
sigence in the months ahead
could lead to the eventual
formation of a broad new anti-
Communist alliance to take the
place of the Southeast Asia
Treaty Organization (SEATO).
SEATO has been rendered
impotent by the refusal of
France and Pakistan to oppose
Communist policy and actions.
The United States has no
intention or desire at this time
to create a new alliance of this
sort- But the actions of the
Communists could bring the
participant in the Philippine
conference together again at
some future date for such a
purpose.
The immediate objective of
the October meeting, as out-
lined by Philippine President
Ferdinand E. Marcos with the
approval of President Johnson,
is limited:
Objectives of Meeting
—To review the prospects for
peace negotiations.
—To stress the efforts South
Viet Nam is making on
economic and political matters
and coordinate Allied support of
these.
—To “review the war situa-
tion”.
This possibility also will be
apparent to the Communists,
who will be watching the
gathering with much interest.
Considered against the back-
ground of President Johnson’s
standing offer of a massive
economic aid program for
Southeast Asia if and when
peace is secured in Viet Nam,
the deliberations at Manila
cannot help but indicate the
long-term possibility of a
broadly based Asian alliance,
supported by American monej
i and power.
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McAlister, Aubrey & Cantrell, Robert M. The Bonham Daily Favorite (Bonham, Tex.), Vol. 74, No. 48, Ed. 1 Wednesday, October 19, 1966, newspaper, October 19, 1966; Bonham, Texas. (https://texashistory.unt.edu/ark:/67531/metapth847911/m1/4/?q=Lamar+University: accessed June 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Sam Rayburn House State Historical Site.