Lipscomb University - Backlog Yearbook (Nashville, TN)

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Price of Oil Wont Drop, Arabs Indicate VIENNA (AP) — Ministers of the world’s chief oil export- ing countries failed to agree on oil prices yesterday, but did indicate that prices wouldn’t go down. The meeting lasted six hours and another meeting was set for today. “I can tell you one thing, oi) prices will not go down,” Iran’s finance minister, Jam- shid Amouzegar, tald news- men as the ministers emerged from the closed door meeting. OIL PRICES have tripled since last October. Amouzegar was chairman of the conference of ministers, whose countries handle 80% of the world’s oil exports. An- other session was scheduled today to discuss whether oil prices should be reduced, maintained at their present level or increased. The extension of the oil price conference will delay a meeting of Arab oil ministers at which they were to make a final decision whether or not to lift their five-month-old em- bargo against the United States. The Arab meeting had been scheduled for this morning but is now being delayed until at least the afternoon, conference officials said. President Nixon and Secre- tary of State Henry Kissinger have said the boycott should end in recognition of U.S. dip- lomatic efforts to move Israel ‘‘and the Arab belligerents closer to peace. Kissinger has said a reduc- tion of world oil prices is also a U.S. demand.

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VOL. XCVIT No. 159 ™“ Washington (AP)—Vice President Spiro T. Agnew resigned today, his historic decision announced by a weeping staff secretary. Agnew then pleaded no contest in federal court in Baltimore. to a single count of federal income tax evasion, The Vice President, his face drawn, entered the plea before U.S. District Court Judge Walter E. Hoff- man. Hoffman told the Vice President he considered the no contest plea the equivalent of an admission of guilt. Hoffman sentenced Agnew to the maximum $10,000 fine and placed him on probation without su- pervision for three years, Vice President Agnew has reportedly resigned at the direct request of President Nixon, a capitol source told The Banner. Planes Strike Copyright © 1974, Nashville Banners Publishing Company NASHVILLE, TENN., WEDNG Pleads No Conte | Nixon is said to have called Agnew to the Whit House Tuesday. night and demanded. his resignatio Agnew left the courthouse at about 1:40 pf CDT, stepping into a limonsine for an unknown - Editorial page columns by Frank van der Lind and William S. White (page 10) were written pri to Vice President Agnew’s resignation; related sto on page 7. | nation. Agnew told newsmen that the Justice Depal ment has not been fully prosecuting witnesses in Jj case. Witnesses against him had received either full partial immunity, Agnew said. Waving to bystanders, he drove off. He had attended a hearing in which he and Aff | | | Deep In |