Wednesday June 27, 1973
. . . where the 1970s live forever!

News stories from Wednesday June 27, 1973


Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • Former White House counsel John Dean wavered a bit on the third day of his Senate testimony regarding President Nixon's first-hand knowledge of the Watergate cover-up. Dean also gave the committee the White House "enemies list". [CBS]
  • In a surprise move, former White House aide Fred LaRue became the first to plead guilty in the Watergate cover-up. LaRue was close to former Attorney General John Mitchell. LaRue openly admitted his knowledge of and participation in the Watergate cover-up, but because of a deal he made with prosecutors he is now to be charged on only one count -- obstructing justice by conspiracy. Judge John Sirica accepted LaRue's guilty plea, but sentencing has been postponed. The maximum sentence for LaRue is a five-year prison term and $10,000 fine. Prosecutors will help reduce the sentence in exchange for LaRue's cooperation. In his previously sworn testimony, LaRue implicated President Nixon's attorney Herbert Kalmbach and five other White House aides, including Jeb Magruder, John Mitchell, John Dean, Robert Mardian and Gordon Strachan. [CBS]
  • In addition to extensive questioning by senators, John Dean came under White House attack today. Senator Edward Gurney questioned Dean for 3 ½ hrs. Gurney accused Dean of embezzling money from President Nixon's re-election committee for his own use. Gurney instructed Dean to omit his "impressions" from his testimony. and give only the facts.

    In response to a question from Gurney, Dean admitted that he did not discuss a CIA cover-up plan or Jeb Magruder's testimony with President Nixon at their September 15 meeting. Gurney questioned Dean's testimony regarding the President's statement to Dean, "Bob tells me what a good job you've been doing." Gurney said that it was only Dean's interpretation of that statement which indicated that President Nixon knew about the Watergate cover-up, and he called Dean on the carpet for requoting the conversation and phrasing it as if it were the President's actual words. Dean said that his mind is not a tape recorder, but he recalls his impressions of conversation well, and the impression he got was that President was admitting that H.R. Haldeman had reported to him about Dean's activities. Gurney noted that Dean's entire testimony regarding President Nixon's first-hand knowledge of the cover-up was nothing but impressions, and there was not a single bit of evidence to substantiate Dean's thesis.

    Senator Daniel Inouye asked questions which were sent by the White House when it became apparent that other senators weren't going to. Those "questions" were sent by special White House counsel Fred Buzhardt, and turned out to be accusations. Inouye read a statement that accused Dean of being the principal actor in the Watergate cover-up. Dean said that it was not possible for him to conceive, plan, and implement the cover-up as the White House is trying to suggest. Dean also denied demanding immunity before testifying to the grand jury.

    Senator Joseph Montoya and other committee members discussed the possibility of President Nixon appearing before the Senate committee in person. Montoya said that the committee wouldn't subpoena the President, but would be "receptive" to his appearance. He added that witnesses who follow Dean will substantiate Dean's testimony, and the President may then feel it necessary to appear before the committee to defend himself. [CBS]

  • The White House enemies list supplied to the Senate committee by John Dean contains the names of entertainers, reporters, labor leaders and politicians. Committee chairman Sam Ervin wondered why the Democratic presidential vote in 1972 was so low when the enemies list is so extensive. The White House planned to use every means to get at the Nixon administration's opponents. The list includes more than 200 names of parsons and liberal organizations. Dean claimed that the list was updated constantly. The White House had no comment. [CBS]
  • President Nixon vetoed the bill which would halt all U.S. bombing in Cambodia, and the House failed to override the veto. The Senate immediately attached the bombing amendment to another bill. In announcing the veto, the President stated that passing such a bill could allow the Communists to take over Cambodia, thereby destroying the chances of negotiating a peace settlement, and delivering a serious blow to U.S. international credibility. He hoped that the veto would conclusively prove that he is against any move to halt the bombing at this time.

    Congress will not back down on getting the bombing stopped, however. Senate Democratic leader Mike Mansfield threatened that the amendment will be attached to every bill going to the President. He must allow bills to pass if he doesn't want the government to stop functioning. The House has added the bombing amendment to a bill that funds the entire federal government through September. The conflict between Congress and the President may soon reach crisis proportions. [CBS]

  • Former Kansas City police chief Clarence Kelley was unanimously confirmed by the Senate as the new director of the FBI. Kelley promised to reform the bureau and vowed that the FBI will not become involved in partisan politics. Kelley said that he owes no allegiance to any political party, and he will carry out his duties efficiently and fairly. When asked what would happen if his staff was ordered to be used for political jobs, Kelley answered that he would resist those efforts by talking with the Attorney General or the President. If those talks failed produce results, he would resign. [CBS]
  • The $2 million cost to the federal government for upkeep on President Nixon's San Clemente, California, home was discussed today at a House Appropriations Committee hearing. Subcommittee chairman Tom Steed defended the expenditure as being necessary for the President's protection. [CBS]
  • Former POW Marine Sgt. Abel Kavanaugh apparently committed suicide in Commerce City, Colorado. He was one of seven antiwar POWs charged by Col. Theodore Guy with misconduct for aiding the enemy while in a North Vietnamese prison camp. [CBS]
  • A Philadelphia appeals court dismissed conspiracy charges against Reverend Philip Berrigan and his wife, Sister Elizabeth McAlister. [CBS]
  • The sterilization of two girls in Montgomery, Alabama, has resulted in a $1 million lawsuit against a federally-funded family planning clinic. The mother of the girls admitting signing the authorization papers, but now says that she was not aware of their contents; the mother can't read.

    Minnie, 14, and her retarded sister Mary Alice, 12, were both sterilized when their illiterate mother signed a paper, thinking only that shots were to be given to her children. Attorney Morris Dees said that neither the girls nor their parents comprehended the implications of sterilization. Minnie said that she wants to be able to have children, and would feel bad if she couldn't. One of the defendants, agency director Joseph Conklin, stated that the mother was briefed regarding sterilization. Another clinic director locked the door to her office when a CBS reporter approached to interview her. [CBS]

  • The federal government placed an export ban on soybeans and cottonseed. The purpose of the ban is to increase the domestic feed grain supply and reduce food prices. [CBS]
  • President Juan Maria Bordaberry of Uruguay dissolved his country's general assembly. A 20-member council of state will rule in the future. Schools are closed, censorship of the press has intensified and 400,000 union workers are on strike. The military has been sent in to stop the strike. [CBS]
  • The country of Afghanistan has become a haven for drug users. Young people from the United States, Canada and the richer European countries have flocked to Kabul, the world's drug paradise. There they may live and support their drug habit for $20 a week. Narcotics are everywhere with little interference from authorities.

    There is little help for drug addicts who want to quit, however. Floyd McClung, a minister, opened Dilaram House to help youths with drug problems. McClung lamented that kids can't escape their problems with dope; it's as if they have a subconscious suicidal wish. The government is determined to end the drug trade. Many kids come to Kabul, get hooked on drugs and die from overdoses. [CBS]



Stock Market Report

Dow Jones Industrial Average: 884.63 (+5.19, +0.59%)
S&P Composite: 103.62 (+0.32, +0.31%)
Arms Index: 1.08

IssuesVolume*
Advances7175.31
Declines5944.75
Unchanged4352.60
Total Volume12.66
* in millions of shares

Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish.

Market Index Trends
DateDJIAS&PVolume*
June 26, 1973879.44103.3014.04
June 25, 1973869.13102.2511.67
June 22, 1973879.82103.7018.47
June 21, 1973873.65103.2111.63
June 20, 1973884.71104.4410.60
June 19, 1973881.55103.9912.97
June 18, 1973875.08103.6011.46
June 15, 1973888.55105.1011.97
June 14, 1973902.92106.4013.21
June 13, 1973915.49107.6015.70




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