Ike's Illness Causes Stock Plunge
i
Nixon Confers
With lop Aides
WASHINGTON tA'Pi Vice
President Nixon conferred at the
White House for nearly three
hours with top aides to President
Eisenhower Monday charting
plans for keeping the wheels of
government turning in the ab
scenee of the stricken chief
executive.
An announcement issued after
the meeting, which also was at
tended by acting Attv Gen. Wil
liam P. Rogers, said the National
Security Council will meet Thurs
day and the Cabinet Friday—
both to take up matters “of a
normal routine nature."
Recovery Likely
The luncheon conference began
just as word came from a lead
ing heart specialist in Denver
that, barring complications. Eis
enhower's chances of recovery
from Saturday's heart attack are
“reasonably good."
Nixon. 42. would become Presi
dent if the office should fall va
cant or if Eisenhower should be
unable to fulfill his official
duties.
A more immediate question—
and one that obviously was
threshed out in part at Monday's
White House meeting—was how
much presidential authority can
be delegated to Nixon and others
while the chief executive is in
capacitated.
Taking part in the conference,
which lasted from 12:30 p.m. un
til 3:15 pan., in addition to Nixon
and Rogers were Sherman Ad
ams. Eisenhower's chief assist
ant, and presidential aides Wil
ton B. Persons and Gerald Mor
gan.
Promises Action
Rogers represented Atty. Gen
eral Herbert Brownell Jr., who
started home by plane Monday
from a vacation in Spain. Just
before leaving Madrid Brownell
primiaed quick action on the
problem of delegating authority
while the President is incapaci
tated—perhaps for a few weeks,
possibly longer.
“We’ll give it urgent attention,
you may be sure.” Brownell said.
Nixon declined to answer re
iporters’questions after the White
House meeting, beyond saying he
has no immediate plans to visit
the ailing President in Denver.
“I will be here in Washington
all week,” he said.
In connection with the question
of how much presidential author
ity can be delegated to Nixon
and others, the vice president
said before leaving his Capitol
Hill office that Atty. Gen. Brow
nell will sit in on a meeting
Thursday of the National Se
curity Council — presumably to
give an opinion on the delega
tion-of-power question for the
weeks or months ahead.
A Justice Department spokes
man said an official opinion on
this matter probably would be
ready late in the week.
A TANK WITH ITS GIN' in firing position occupies a busy corner in Kuenos Aires. Although
tanks and armed troops and police cruised through the streets o! the Argentine eapitui, angry
street fights flared between opponents and supporters of revolt-deposed President Juan Peron.
Leaders Insist Peron
Move Farther Away
BUENOS AIRES (AP> The
snag that has halted Juan D.
Peron's voyage into exile is an
objection from the new govern
ment to his plans to live just
across the Argentine-Paraguay
Recovery Chances
'Reasonably Fair/
Heart Expert Says
DENVER lAPi An eniment
heart specialist said after a new
examination of President Eisen
hower Monday that prospects for
his complete recovery within two
months "are reasonably good" if
there are no complications.
Dr. Paul Dudley White added
he was hopeful the chief execu
tive can resume light official
duties within two weeks and
even confer with Secretary of
State Dulles before the latter
attends the foreign ministers
conference at Geneva Oct. 27.
He said complications "can
still come" for Eisenhower, who
will be 65 Oct. 14.
But. barring complications, he
said the President should be
“physically able” to serve a sec
ond term should he desire tc
seek it.
In sounding his note of cau
tion, the physician said that “for
many people some of them com
plications would have already
come, if they had been very,
very ill.”
"But they can still come," he
said. “You want to bear in mind
that during the first week or two
during this period in which the
heart muscle is in a delicate
state, we can still have complica
tions. For the first two w'eeks
we keep our fingers crossed.”
GOP Proceeding With no Changes
NEW YORK (AP) Repub
lican National Chairman Leonard
Hall said Monday the party’s
preparations for the 1950 cam
paign have not been altered by
President Eisenhower’s illness.
Plans are “proceeding with no
change in strategy or organiza
tion," Hall said.
He said he was convinced at
his last meeting with Eisenhower
a few weeks ago that the Presi
dent would run for re-election.
Hall added he -was “not speculat
ing" Oil that subject now. But
he added:
“We're all thinking in terms of
a quick recovery.’’
Questioned by reporters after
he addressed a Union League
Club luncheon. Hall was asked
if Eisenhower's condition had
changed the outlook in planning
for the next election.
“No!" he said emphatically.
Asked his opinion of other pos
sible GOP candidates, he de
clared: “So far as I'm concerned,
we are proceeding the same way
with no change.”
an bolder in Asuncion, a high
diplomatic source said Monday
night.
This source said provisional
President Eduardo Lonardi's re
gime has demanded that the de
posed dictator make las new
home in some nation further
away.
Peron is now waiting aboard a
Paraguayan guubout bobbing'
three miles off Buenos Aires port
i for'the papers that will permit
him to sail to Asuncion.
The government promised Pe
ron a safe conduct, but the
source said it is now insisting
that he be permitted to stay only
a limited time in Asuncion and
then be obliged to move further
away from Argentina.
The nation's new leaders ap
parently fear Peron's presence
on the border would be a con
tinual threat to Argentina's tran
quility. Asuncion is just across
the Paraguay River from Argen
tina territory and it is easy to
j slip back and forth.
MAI. UKN. KDI'AKIM) U>
NAKIM rca(l>> un aililrcin at
Bui-nut Aires, where he w as
designated president of the
provisional government. The
59-year-old artillery of fleer and
foe of the deposed President
•Juan Heron, was named by the
victorious Argentine rebels
after surrender of tiie loyalist
forces. (AH vvirephoto).
Eisenhower Removed
For '56, Morse Feels
SAN FRANCISCO OP U.S.
Senator Wayne Morse of Ore
gon said Monday he feels that
the President's iUness removes
Mr. Eisenhower from the 19f>6
presidential race.
Morse, who left the Republi
can party to become an inde
pendent, and then turned Demo
crat. was here to make three
speeches in connection with a
drrve for the sale of Israel bonds.
Speaking, at a news conference,
of the political implications of
President Eisenhower’s heart at
tack. Morse said: “His physical
condition, coupled with his age,
will lead the American people to
conclude that his health should
not be risked by his seeking art
other term.’’
“Entire Nation Praying”
He prefaced his comment by
noting: “The entire nation, ir
respective of partisan political
considerations, is praying for art
immediate and full recovery of
the President:”
The Oregon senator cited the
fourth term nomination of Frank
lin D. Roosevelt, artd said: "The
people now realize it was a great
mistake to nominate Roosevelt
for the fourth term, because of
his physical condition. I don’t
think the people will forget that
lesson."
Many Potential Candidates
As to potential Republican
presidential candidates, he said
he felt that every Republican
governor, as well as moat Re
publican senators "have their
eyea on the political skies, watch
ing for the electrical storm that
might strike." But, he added, he
expects the nomination of "some
such reactionary as Knowland,
Knight, Nixon or Dirksen.”
Senator William F. Knowland
is Republican minority leader;
Goodwin J. Knight is governor of
California; Richard Nixon is vice
president, and Everett Dirksen is
a senator from Illinois.
Morse is up for re-election next
year after a stormy tenure in the
Senate. Asked about his own po
litical outlook, he said; “I am
ready to go before the electorate
tomorrow or a year from to
morrow."
READ EMERALD WANT ADS
But Business
Remains Firm
NEW YORK l AIM Tin* Block
market that barometer of busi
ness ihuddered violently Mon
day in reaction to President Els
enhower's illness.
Hut bumness itself stood firm.
The stork markets fell in
New York, Paris, London, Chi
cago, Toronto. The story was
the same: uncertainty.
Walt Street dislikes linear*
talnty. The bulls pulled in their
horns, llut the momentum of the
current business boom showed no
other signs of slackening Busi
nessmen and economists saw no
reason for an immediate change
in the business outlook.
Nt<N'k Prices Plunge
On the steak exchange, how
ever. the news of the President's
heart attack sent prices stagger
ing into the biggest break since
1929 In the Associated Press 60
stock average.
It was the second biggest tum
ble in the history of the AP av
erages a plunge of SI 1.40 to
$170.10.
It was exceeded only by the
fall of $15.40 to $109.70 on Oct.
28, 1929. in the ghastly days of
the big crash. But Monday’s drop
was much less severe propor
tionately because the average Is
much higher now.
The flood of sell orders boosted
trading to 7,720,000 shares, high
est in 22 years.
Bonds of corporations slumped,
too, in sympathy with the slock
market. But U. S. government
bonds went ahead, hewing to
their traditional course of re
acting opposite to lbe stock mar
ket.
< train Prices Rise
There was a wild session on
the Chicago grain market as
grains moved generally higher.
Traders noted Democrats have
been more consistently m favor
of high, rigid price supports for
basic crops.
On Wall Street, brokers em
phasized there haa been no basic
change in the economy and noted
that for every seller there was a
buyer. They watched develop
ments anxiously.
"This has been an Eisenhower
market it always has been and
always will be," said Martin Gil
bert. analyst for Bachc & Co.,
one of the biggest brokerage
houses on the street.
rle noted how the market
rallied when a physician made
an optimistic report on the Presi
dent's health and raised hope
that he might nm for a second
term.
What happened on the stock
market Monday, he said, was “a
disruption of the confidence fac
tor. He saw no reason why
prices should not resume their
bullish course if "fairly good
news” continues.
Quakerism Topic
For Discussion
Students who are interested in
the beliefs and practices of the
Religious Society of Friends are
cordially invited to an informal
inquiry into the nature of Quak
erism.
The meeting will be held Sun
day evening at the home of Fran
cis and Alice Dart, 2705 Emerald
St. A buffet supper will be served
at 5:30 p.m. and the discussion
will begin about 6 p.m.
Transportation will be avail
able from the east entrance of
the Student Union at 5:15 p.m.
Further information may be
obtained from Hill Alexander,
phone 4-7137.