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2The Daily Tar Heel Tuesday, February 3, 1&87
Mfo Price began poliitiicail
activism wltli social work
By DONNA UEINWAND
State & National Editor
Participation in demonstrations
and sit-ins in the 1960s gave many
people a sense of the politics involved
in integration.
"It gave us a belief in the power
of political activism," said Lisa Price,
wife of North Carolina's freshman
Rep. David Price, D-4th District.
Mrs. Price, who participated in
civil rights demonstrations to force
the integration of restaurants in the
Baltimore area, said her concern was
an extension of her values, values
she carries with her today.
"My parents were very socially
concerned," said Mrs. Price, who
grew up just south of Alexandria,
Va. "My mother was a social worker
and my father worked for the federal
government. They were very strong
Democrats."
After graduating from Gaucher
College in Maryland in 1962 as an
English major, Mrs. Price went to
Boston University. She graduated
from the Boston's School of Social
Work in 1965.
While working at a center geared
to retraining people for better jobs
in Washington, D.C., she met David
Price, whom she married in 1968.
"We met through mutual friends
in Washington," she said. "He was
working for a senator and he came
down (to Washington) for two
summers."
After they married, the Prices
moved to New Haven, Conn., where
Rep. Price attended Yale Universi
ty's School of Divinity.
Soon after, Mrs. Price once again
got involved in politics in New
Haven. In 1971, she ran for
alderman.
"They wanted someone to run as
a reform Democrat against the
Democratic machine that dominated
N.C. Republicans vote Hawke
By LAURIE DUNCAN
Staff Writer
Gov. Jim Martin won one more
battle against right-wing Republi
cans when his nominee for chairman
of the N.C. Republican Party was
elected Saturday.
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New Haven politics," she said.
Mrs. Price said her husband and
a friend helped her organize her
campaign.
"David was really enthusiastic and
supportive," she said.
Although she was elected, Mrs.
Price said the reform Democrats
were unable to accomplish much
because the regular Democratic
machine always won.
Mrs. Price also continued her
social work while she lived In New
Haven, working with unmarried and
teenage mothers at a hospital.
"1 think a number of the people
1 saw were not particularly interested
in changing," she said. "You can't
help someone who doesn't want it."
She said that after Martin Luther
King Jr.'s assassination the tensions
between blacks and whites increased.
She said it was particularly hard for
a white social worker to work with
black clients.
"1 think some of the anger of those
days has died down," she said.
She resigned from both jobs in
August 1973 to move to North
Carolina.
Mrs. Price returned to part-time
social work at the Interfaith Council
in 1977 when her youngest child,
Michael, was five, but left to work
on her husband's campaign for the
4th District seat in the U.S. House
of Representatives in March 1986.
"In some ways, I did make pro
fessional sacrifices to deal with child
and home responsibilities," she said.
"There are trade-offs, pros and
cons."
Mrs. Price said at times working
State GOP Executive Committee
members voted 174-51 in favor of
Jack Hawke, Martin's policy and
planning director. Hawke is taking
the place of former chairman Bob
Bradshaw.
But followers of Sen. Jesse Helms,
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on the campaign was an extension
of social work.
"1 liked meeting a lot of people,
working on strategy and going on
trips with David," she said. "I really
liked all aspects of the campaign. It
was an adventure even though it was
stressful and challenging."
She said she was somewhat sur
prised when her husband decided to
run for Congress, although he had
been chairman of the N.C. Demo
cratic Party in 1984.
"I guess I thought he would always
be involved in political campaigns
and activities but I really didn't think
he would run for office," she said.
Although her children were enthu
siastic about the campaign, Mrs.
Price said it was difficult for them.
"I had a little conflict making up
for the time I'd missed being away,"
she said. "It was hard trying to
balance it. For the kids, eventually
the novelty wore off. They were
excited and pleased when David won
and during the campaign they both
seemed quite interested."
The race between Rep. Price and
the Republican incumbent Bill
Cobey, considered an indication Of
how the Democrats would do
nationally, was characterized by
negative campaigning. At one point
during the campaign, Cobey sent a
letter soliciting funds addressed
"Dear Christian Friend." In it he
called himself an "ambassador for
Christ" and criticized the chairman
of the Democratic Party.
The letter indirectly questioned
Rep. Price's faith, Mrs. Price said.
"It was an insensitive, inappro
priate letter," she said. "It did not
respect our pluralistic values."
Mrs. Price said the letter may have
helped the campaign because it was
picked up immediately by the media.
She said she is uncomfortable with
R-N.C, and his Congressional Club
may try to unseat Hawke at the May
29 state convention by launching a
four-month campaign for their
conservative choice for the post, the
Rev. C. Barry McCarty of Elizabeth
City, said Carter Wrenn, executive
director of the Congressional Club,.
What's at stake is control of the
state Republican party. Martin won
it Saturday, but if right-wing
members of the party have their way,
Martin's victory will be a temporary 5
one. In the oncoming months, North -Carolinians
may see a growing rift
between conservative and moderate
factions of the party as both sides
lobby for their candidates at
hundreds of precinct meetings
throughout the state.
A Martin spokesman said Mon
day that the struggle between mod
erate and conservative state Repub
licans over the chairmanship did not
indicate a split in the party.
"The selection of Hawke and the
position that supporters of McCarty
have taken simply indicates that
For iho DccsjcI
The Daily Tar Heel Monday
incorrectly reported the voting
district of Wayne Goodwin in the
two-page spread of Student Con
gress candidates.
Actually, Goodwin is running in
District 19. The Daily Tar Heel
regrets the error.
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February 1
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i 1:
Lisa Price
mixing religion and politics.
"I think to act out of religious
conviction is appropriate," she said.
"Our government guarantees free
dom of religion. Religious values
inform people's social and political
views but one religious group trying
to take control is inappropriate."
Mrs. Price said although she tends
to be politically idealistic and Rep.
Price is more pragmatic, she believes
in his values.
"He is indirectly furthering my
own political and social ideas," she
said. "I think I'm ohe influence. I
think he considers my opinions."
Mrs. Price said she is concerned
with arms control and negotiation
with the Soviets as well as the
domestic problems of illiteracy and
low wages.
"There is inadequate funding of
social programs," she said. "Control
ing the deficit is leading to cutbacks
.n domesilr orograms. It's a dilemma
deficit vs. cutbacks."
Mrs. Price said she has been to
Washington twice since her hus
band's election for his swearing
in and for orientation.
"It's difficult to have someone
living in two places," she said. "It's
.oing to present some challenges."
chairman
there will be spirited but friendly
competition in the months ahead,"
spokesman Tim Pittman quoted
Martin as saying.
Carter Wrenn said in a telephone
interview Monday that if the Repub
lican party is going to win in the 1988
elections, it must take a clear
conservative stand that will appeal
to Democratic conservatives all over
the state, but especially in the eastern
area where there are more
conservatives. , . ; ,
tThe'.lC' Republican party has
been a minority" party! for years;
controlled by board-room-type
Republicans, with no appeal at the
grass roots, Wrenn said.
"The old group of country-club
Republicans were interested in their
own pragmatic political benefits, not
in winning state-wide elections,"
Wrenn said.
Wrenn said the next four months
would be like a political campaign.
Thad Beyle, a professor of polit
ical science at UNC, said he did not
think the campaign between the two
factions would be as friendly as
Martin expected.
"It's a fight within the party,"
Beyle said. "You're going to get into
some name-calling and fighting that
could split Republicans."
Beyle said ideally the governor
should have the right to choose who
is going to run the party.
He said the conservative push to
unseat Hawke probably won't be
strong enough to succeed.
Hawke, 45, was nominated for the
post in mid-January, when Charlotte
attorney Bob Bradshaw left the post.
Hawke was Martin's campaign
manager in 1984,
5 10am-3pm
- -- yLv fit mt i
American hostages in Beirut
threatened if U.S. attacks
From Associated Press reports
BEIRUT, Lebanon , Pro
Iranian kidnappers said Monday
they will kill Americans Terry
Anderson and Thomas Suther
land, who have been hostages
since 1985, if the United States
makes a military attack on
Lebanon.
Lebanon's justice minister said
the kidnappers had "arrested"
Terry Waite. The Church of
England envoy left his Beirut
hotel Jan. 20 to negotiate for the
freedom of the two Americans
and other foreign captives in
Lebanon.
The official press of Syria,
which supports pro Iranian
groups, has accused the United
States of planning a military
attack on Lebanon after 11
foreigners were kidnapped in 12
days. U.S. naval forces in the
Mediterranean have been
strengthened.
British novelist dies
MUNICH, West Germany
British novelist Alistair
Mac Lean, whose popular thrillers
of war and adventure included
"The Guns of Navarone" and "Ice
Station Zebra," died Monday in
a Munich hospital. He was 64.
William Collins and Sons, the
writer's publisher in London, said
MacLean suffered a stroke three
weeks ago while visiting a friend
in Munich and died in a hospital
of heart failure.
MacLean wrote 29 books,
beginning with "HMS Ulysses,"
Supreme Court allows
banks to expand services
By TOM MCCUISTON
Staff Writer
The banking industry gained
another victory in its attempts to
expand its financial services when
the U.S. Supreme Court overturned
the ruling of a federal appeals court
last month.
The Supreme Court ruling re
versed an appeals court decision that
said banks may offer brokerage
services only at established branch
offices.
U nder the new decision, banks will
have the opportunity to expand their
brokerage services to areas other
than the branch office. Banks will
now be able to offer brokerage
services at 'any of their locations
inside or outside of the state.
The ruling follows a trend towards
deregulation of the securities indus
try and abolishment of the legal
barriers which have restrained the
banks from more actively engaging
in brokerage activities.
The effects of the ruling are
uncertain, but many in the banking
and brokerage industries believe the
ruling will have little impact on the
investment industry.
Much of this uncertainty is due
to the fact that a vast majority of
banks currently offer investment
opportunities through discount
brokerages independent exten
sions of the bank.
These brokerages are registered
with the appropriate regulatory
bodies, and in many ways operate
independently from the bank. ,
The ruling will have more impact
on banks that want to offer brok
erage services but do not want to
register and follow the same guide
lines as a brokerage.
When an investment transaction
occurs through a bank, the bank
gives no advice as to what to invest
in. Also, no direct contact is made
between the customer and the bank.
Phones and mail are the main
sources of contact.
"Expanding from a branch bro
kerage is the farthest thing from my
SAY, I LOVE YOU
THIS FEBRUARY 14...
WC H ACROSS I
C MCMl JCXXVII American Crcotins Corp.
News in Drlcf .
based on five years of wartime sea
duty with the Royal Navy. His
novels sold in the millions of
copies and many were made into
films.
MacLean was born in 1922 in
Daviot in the Scottish highlands.
He joined the Royal Navy in 1941
and spent five years on convoy
escorts.
Governor opposes tax breaks
RALEIGH The Martin
administration and a panel
appointed by Lt. Gov. Bob Jor
dan clashed Monday on using tax
incentives to recruit industry, but
agreed that better schools, roads
and water systems are essential to
economic growth.
In the first meeting of the
Legislature's Joint Select Com
mittee on Economic Growth,
Commerce Secretary Claude
Pope said Gov. Jim Martin
opposed giving tax breaks to
industry as a reward for going
into rural areas.
Despite its opposition to tax
breaks for individual businesses,
the Martin administration con
tinues to support elimination of
the intangibles and inventory
taxes, which were reduced in
1985, Pope said. Martin didnt
propose further reductions in his
1987-89 budget proposal because
of a revenue squeeze.
mind," said Tom Willis, vice pres
ident and director of investment
services with United Carolina Bank.
"I don't need to see the person (to
make the transaction)."
Willis said the ruling would not
have a significant effect on the
industry since most banks organize
their investment services like a
brokerage.
By investing with the bank, cus
tomers give up the advice offered by
a full-service brokerage, but will pay
between 40 to 70 percent less in
commission fees, Willis said. He said
banks will be more popular with
investors who know what they want
to invest in, while full-service brokers
will be more appealing to investors
seeking advice.
Fergus Henehan, vice president
and branch manager for Prudential
Bache Securities agreed that the
ruling would not have a significant
effect on the industry. He said
investors benefit by investing with a
full-service brokerage because,
unlike the banks, brokers spend a
considerable amount of time
researching the stocks they suggest.
Henehan also said a broker would
feel a greater amount of responsi
bility to the customer since his,
primary source of income is com-:
mission from the customer's,
investment.
"Doing well for the customer is
(the broker's) motivation," he said.
"Consumers are not looking for
one-stop service when it comes to
financial services," said Bill Rogers,
vice president and branch manager
for Carolina Securities. Rogers also
agreed the ruling would not make
a significant impact on the full
service brokerages.
Banking brokerage services are
very similar to the discount bro
kerage which emerged in the early
1980s, Rogers said. The ruling may
be good for the securities industry
because it could increase competi
tion which would force the full
service brokerage to continue offer
ing optimal services, he said.
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AMERICAN GREETINGS
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