This Day In 1970's History: Tuesday February 5, 1974
- To help end the truckers' strike, President Nixon has ordered a freeze on diesel fuel prices. The FBI will crack down on violent strikers. Three days of meetings between the government and striking truckers have resulted in no solutions to the problem. Attorney General William Saxbe warned truckers against violence during their strike and he stated that truckers will be punished if necessary. [CBS]
- Long lines of motorists at gas pumps caused some states to consider rationing plans. Massachusetts will begin rationing, and the New Jersey legislature gave emergency power to their Governor to take the same action. Exxon and Gulf raised gasoline prices. Support for price rollbacks is rapidly gaining favor in Congress, as both Democratic and Republican leaders in the Senate endorsed the idea. [CBS]
- Many insurance companies don't plan to reduce insurance rates because of lower highway speed limits. New Jersey ordered companies to make rate reductions across the board. [CBS]
- Patricia Hearst, the daughter of newspaper executive Randolph Hearst, was kidnapped yesterday night from her Berkeley, California, apartment by two men and a woman. The kidnappers seized Patricia after beating and tying up her boyfriend and a neighbor. Another neighbor described the sounds from the fray and said that Patricia pleaded with her captors before they took her away. The kidnapping may be linked to a political protest or a quest for ransom money. [CBS]
- Mrs. Joseph Alioto, the wife of the San Francisco mayor, returned home. She was missing for 18 days after disappearing from a fundraiser at a Palm Springs resort. Mrs. Alioto stated that she left abruptly to "punish" her husband for not introducing her during the fundraiser, and had spent most of the intervening time touring California missions. [CBS]
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