Reagan blasts
Wall Street,
lauds Coolidge
WASHINGTON (AP) - Pres Reagan,
whose treasury secretary was chairman
of the largest Wall Street investment firm,
said Thursday he never found the na
tion’s financial center "a source of good
economic advice."
On the other hand, the president sang
high praise for Calvin Coolidge, whose
presidency ended seven months before
the great stock market collapse at the
start of the Great Depression, and said
he has taken heed of Coolidge’s work
The president’s comments occurred
during a brief question-and-answer ses
sion with state and local officials brought
to Washington for a pep talk on his
economic program.
Asked why some members of the fin
ancial community, typified by Wall Street,
were resisting his program because they
felt it was inflationary, Reagan said: “I
have never found Wall Street a source of
good economic advice.”
“You hear a lot of jokes every once in a
while about Silent Cal Coolidge,’” the
president said in his comments at the
start of the program. "The joke is on the
people who make the jokes."
"Look at his record,” Reagan said.
"He cut the taxes four times. We had
probably the greatest growth and pros
perity that we’ve ever known.”
"I have taken heed of that,” Reagan
said, "because if he did that by doing
nothing, maybe that’s the answer.”
Reagan said that each of Coolidge's
tax cuts "resulted in more revenues for
the government because of the in
creased prosperity of the country.”
Cultural Forum Presents
THE
ELEVENTH ANNUAL
Willamette
Valley
Folk
Festival
May 29, 30, 31
EMU East Lawn
(EMU Ballroom if it rains)
SCHEDULE OF I VIM S
1
1
null A 1 , 31 A 1
1 2:00 Small Change
1 2:45 I hi1 Martian Twins
1:20 I he C oconuts, («rcg and Jcrc Canute
2:10 Deal Peter and Bottleneck Slim
2:50 Maple Trio
5:40 Karen and Michael Bristow
4:20 Smokcv Valles
00 Beet (iarden with Boden and Xanetto, ]020\ ].,//
5:00 Cajun Dance, with !)cwc\ Balia and Mare
Savoy, I ron) I ouisiana. I ..Ml Ballroom
8ATTRDAY, MAY JO
1 1:50 Ragtime Millionaires
12: 1a I.tick Counts Bush Batul
1.00 I'iddlin l.arl \\ 1111 s and I he lloedoss nets
145 I he Bias ing Possums
2:50 Boh Wilson
5:00 McKenzie Bridge
5:4a dreg Fie lds and John llieks
4:50 Dewey Balfa and Mare Savoy, Louisiana Cajun Mi
5:00 Square Dance w ith Sands Bradlev, The
Coconuts and The Skinner Cits Cloggers. \||
slanees taught. Beginners, singles welcomed.
_S2.00 admission I Ml Ballroom.
Sl'XDAY. MAY 11
1 1 50 I .ip Scrs ice
1 2:20 Beggars' Rose
1:10 Boh Childs and Band
1 50 Ssseetgrass
2:20 Just I riends
5:10 Spencer Creek Drifters
5:50 Carols ne and David Specht
4:50 \ alles Cotillion
:00 Contra Dance with Dudles I .auf man, dancing
master and musician from Canterhurv, New
Hampshire. K.Ml Ballroom.
i sic
OF SPECIAL INTEREST:
Till RSI)AY. MAY 28
V0() I ICC !oik Music Kilms
150 ( >Coiog\
WORKSHOPS
12:00 New Kngland Contras
1 )ance Band Workshop with I)udlc\ I autman. dance
caller and musician front Canterbury, New Hampshire.
I lad's Room, I Ml
1:00 Buck Dancing with David Reich.
I)ad’s Room, I Ml
2:00 Southern Appalachian I riddling with Sam Jones
200 Vries Rooms, 1 Ml
WORKSHOPS
12:00 Caller's W orkshop and W estern Squares with Sandy
Bradley. Country Dances for Children and Teachers
with Dudley i.aufman.
Room 167, KMl
2:00 Dulcimer with Mark Nelson
Backup guitar for Beginners with And\ Murd/ek.
2(H) Series Rooms, I Ml
2:00 New Kngland Kiddle with Boh C hilds
200 Series Rooms, I .Ml
2:20 Autoharp with Sara John Ryder
200 Series Rooms, KMl’
State tightens
law against
racketeering
SALEM (AP) — The Senate
passed a bill Thursday that
would beef up laws against or
ganized crime and turn over to
the state racketeering profits.
Sen. Jan Wyers, D-Portland,
said the bill requested by Attor
ney General Dave Frohnmayer
is a major change in criminal
laws and rewrites the definition
of organized crime.
He said the measure — SB531
— allows victims of organized
crime to seek three times the
actual damages suffered plus
punitive damages when appro
priate. Wyers said the bill also
provides that all property in
cluding money used for or der
ived from organized criminal
activities may be forfeited to the
state.
The public will have a better
idea of what the state Judicial
Fitness Commission does under
another bill passed by the Sen
ate and sent to the House for
action.
The measure — SB873 —
makes commission meetings
and hearings on judicial con
duct subject to the public meet
ings law. Certain records
received prior to hearings would
remain exempt.
“This may be the only state
agency that is not subject to the
Oregon Open Meetings Law,”
said Sen. Dell Isham, D-Lincoln
City. “I believe the citizens have
a right to know how their funds
are being spent and the right to
know the qualifications of
judges when those qualifica
tions come into question.”
He said the Judicial Fitness
Commission may be doing a
good job but it’s hard for the
public to know “because so
much of what they do is
shrouded in secrecy.”
The Senate earlier this month
approved a bill to technically
allow the already existing prac
tice of selling drinks on airlines.
A resolution adopted Thursday
is a companion measure which
asks voters to amend the state
constitution to allow the licens
ing of airlines to sell alcohol.
Sen. Keith Burbidge,
D-Salem, opposed the original
bill and its companion resolu
tion saying they are a step
toward liberalizing liquor laws in
Oregon
Sen. Tony Meeker, R-Amity,
said t e measure would allow the
sate to collect revenue for an
activity that already takes place
But Burbidge replied: “It's filthy
lucre you’re getting here.”
Other measures passed by
the Senate and requiring House
votes would increase the penal
ty for discrimination against a
blind person because of a dog
guide and abolish the Depart
ment of Commerce’s consumer
division in order to create a
Consumer Protection and Ser
vices Division within the
Department of Justice.