Pa$e 4- The Chronicle. Saturday, August 25, '1979 > m * ' '' ' . x. * VIEWPC 0*-S :;? > * &*&**. :': &. " .? -^v::''^ , . Ernest H. Pitl Member North t.rulln. Yvette McCullc TiriiiOcr ."onn vinniiii Black Publlibcr'i As?oclation City HdltOr AndyYoui Regardless of what the hounds who have bayed at Andrew Young's heels since the former Georgia congressman was named United Nations ambassador might say. the biggest mistake Young ever made was taking the job as ambassador. We think Young's recent resignation highlights why his forthright independence and honesty would have served the country much better in Congress. Andrew Young has v been a breath of fresh air bringing a spirit of international coojSeration instead ol confrontation to U.S. diplomacy. He attempted mightil) to remove the balled fist of racism and militarism froir our international affairs. The two-thirds of the world which had been treated as neo-colonies in the U.S. strategic scheme greatly appreciated his candor and commitment. < "But, th? t^lletin boards in the U.S. State Department to the contrary, Young was placed effectively outside the decision-making apparatus, meaning he could only ' say what he felt, not see it implemented, except when he received assignments from the State Department. For Jimmy Carter, it was the perfect place to showcase new faces in foreign policy, without the consequences of the actual change of policy. As Close/ More than 18,000 times during 1978, troubled people with problems ranging from emotions to alcohol to sex to marriage dialed 722-5153, the number for Contact: Winston-Salem, the city's volunteer manned all-purpose hotline. From Feb. 1970, when the telephone ministry began, to Feb. 1979, there were 136,549 calls, an average of 15,000 calls per year. It goes without saying that there have been a lot of people who have needed someone to call in times of crisis. To answer their calls, 300 volunteers serve as telephone workers, support workers, counselors and members of the trouble team. Each volunteer has completed a 50-hour training course which teached them how to listen effectively, crisis intervention and a J? jbb^I a* A. +jM . VBHM : . -^B Ht-. ^K.v v - ' JHHBIS ^Hj** 7 ^ Hh BBmflir H>'. L2 ^ H ' IBniyMr' ^ p 4gWiM^j ^ Wade > )INTS ed qstori-Salem Gtifoqicle Founded 1974 Ndublsl Egemonye t President John W. Temple ton i r Executive Editor >ugh Robert EUer Elaine L. Pttt | Sports Editor - Office Manager W" />>.WW wW\vwwy WW I .'III 11 ig's Mistake & The result was that Young was made out to be the maverick of the U.S. government as blood-hungry enemies seized upon the slightest deviation from the standard foreign policy line. t "3 Carter was able to enjoy counting Young as the second black Cabinet member, while Young was systematically left to "hang in the wind." Now, Young is gone, creating a loss of his domestic political and international diplomatic pull. Personally, p Young is even more so a lonely voice. It didn't have to be that way. Prior to the 1976 elections, Young carried enormous influence among House Democrats as the thentnominee sclosest House ally. He had also compiled a record of being able to bridge different groups such as the Congressional Black Caucus, conservatives and even Republicans. ^Remaining in the House, Young would have aided Carter's legislative program, enhanced the power of the Black Caucus and paved the way for greater responsibility on his own merits instead of Carter's coattails. * ^ Obviously, the implications of Young's mistake have been vast, far more so than, the aftermath of his decision to resign. \s A Phone knowledge of community resources. Contact is an excellent example of how community resources can be pooled and maximized for the greatest public benefit. Because of the large pool of volunteers* each individual is only expected to work once every three weeks or so. Volunteers are drawn from 90 different churches in 14 denominations. Despite the large number of cases handled, it only costs $33,583.77 to run the operation last year. Support came from 59 churches, a foundation grant, 17 businesses, seven civic clubs, and 202 individuals. Contact is a resource to be used, in times of trouble, and to be supported by churches and individuals. As your church, organization or family decides on its charitable donations, Contact should be among those considered. I Should Young I Have Resigned? Mi Last week Andrew Andrew Jackson? I I Young, the United don't know; 1 haven't States delegate to the looked into it enough to United Nations resigned know what he did wrong, because of flak he had I don't understand what received over an unau- they said he did wrong, thorized meeting he had (with members of the Palestine Liberation Leuie Eaaon? Yes. Organization. They probably put pressure on him so he probJC ably had to resign. If This week the Chroni5 cle Camera went to 8 Wade's Gulf Station on William Wade? Unj the corner of Patterson ^er circumstances I i and Northwest Boule- think he should have. He vard and asked, "Do may a^e to serve you think Andrew Young better by not being in should have resigned?" that capacity. Jo? Lylea? No I don't think he should have resigned. I think he should have went on to see what the end was girmg iu UC. tic a?VJIU OUT. He gave up. He let the black people down. He can't do anything now I -.JHHHMHVWr 4*' f because he doesn't have Lyles " a"yp?wer> y WI(I(K8WWIIIWWWIIIWI? 3 a iLi u J J i: a c ai M G \ :^:? litorials ^ITlflMlillil^yiiw'HiV'ii^iiii I'liii ri I v j y " ' " "" uk r~i ' . >.NS .'.swsV' sXWy^Vvy, -rw. .?SV ?>. ?.W?'.'.S Xw.^/WAVXWWV J ^ r 0^^ Rising - Q ?_ VfaJ Price of Gold V ~ * We arc in the midst of a great Gold Rush, the third since the beginning of the nineteenth century. The first gold rush was in the late 1840's, immediately following the Mexican War. Thousands of gold-hungry white Americans crossed the continental divide and settled in California in search of riches. A second gold rush occurred in the late nineteenth century, when droves of British, American and European settlers travelled to South Africa to exploit both the African peoples and the mines. Today's gold rush is of a somewhat different character. As the problems of America's and Western ? Europe's economic system became more and more severe, investors become less eager to buy stocks in failing companies. Securities that > yield an annual net gain of 8 to 10 percent no longer look profitable, especially when inflation is approaching 12 to 13 percent on imTnnuarbasis. As inflation cuts into profits, many brokerage firms now advise their clients to invest in precious metals?especially gold?as a "hedge" against future economic losses. The third gold rush begain on Wall Street only about a decade or two ago. When gold sold for only $35 per ounce, the U.S. dollar was the strongest of world currencies and inflation was less than 4 percent. With the growth of economic uncertainty and political chaos at home, and the defeat of U.S. armed forces in Vietnam abroad, the world economic community rapidly abandoned the dollar. "| hp cn/t/?aceiifA - ?' 1?1- kT' v *uvwmit(i auiuuii3u auuii5 ui J onIIson, N Lion, Ford and Carter were unable to deal with the fiscal crisis. By the early 1970s, gold sold for $100 per ounce; by this month, gold had climbed to the unbelievable price of $300 per ounce. More and~more wealthy and upper middle class Americans are seized by gold fever by the day, as the demand continues to rise for the world's meager supply of gold. Despite its recent rise, the price of gold is one of the most unpredictable and unstable of all major investments. For instance, in the recession of 1973-75, the price of an ounce of gold rose to $195. With the economic recovery beginning in 1976, investor confidence in the market was revived and the gold's price dropped to $103. This current recession will probably force the price of gold over $340 by year's end. One gold analyst on Wall Street predicted recently a price of $400 an ounce by the early 1980's. What is interested about this lattest gold rush, however, is the widespread lack of confidence held by America's wealthier classes in its own economic system. From the vantage point of black people, another more distrubing aspect of the cold rush is its V a O ~ "w ~ W relationship to the politics of apartheid. South Africa produces about half of the world's gold. Last year 1,556,700 pounds of gold was produced, and an estimated 1,576,600 pounds will be obtained this year. The gold rush has sparked a major industrial effort in H 9B xWjrvtiu?3 miiuuns oi aouars in credits to racist corporations in that country. By taking black American capital out of banks such as these, we can apply some leverage against continued U.S. investment there. Ironically enough, still many black institutions such as Tuskegee Institute continue to use Chase Manhattan, without questioning its pro-racist policies overseas. Any campaign against apartheid rhust include a boycott of the Kruggerfjuid and public protests Against any and all purchases of South African gold by U.S. investors. The fact remains that the price of gold, just like the racist minority regime in Pretoria, must surely fall inevitably. Our struggle against racism, however, will speed the process along. A Foreign Wife* A Foreign Widow hhhbhbHaaBMMMT The plight of ?tiy foreign wife can be something that novels are written about. Here, in Africa, no one especially concerns themselves about the hardship of foreign wives or widows. Certainly, Mrs. Fatia Nkrumah, widow of the first Ghanian head of state can ascertain. She stated recently that the Ghanian people had not been nice to her and her family. She said that some people now using her husband's famous name for political ends have never shown kindness toward her and her children. She cited on occasion when her car had trouble and she had to go to the airport to welcome President Sekou Toure who was visiting Ghana at the time. "Definitely, ~some Ghanaians who knew me passed me by without offering a lift until a foreigner came along and helped me." She remarked that the current happenings in Ghana was a punishment from God. Mrs. Nkrumah declared that "God is punishing them. They have seen what my husband did for them and after him, nobody had done ii_: ti * ? * ttuyuung. 1 nc peopie nave never snown any appreciation for the great man." Recalling her experience, since the overthrow of her husband in 1966, Mrs. Nkrumah said that the successive governments in Ghana and the people had not been nice. She said: "When my husband was overthrown, I went to Cairo with my children. The Egyptians treated us well. Mrs. Nkrumah is Egyptian. They were kind to us and respected us. When we came back to Accra about four years ago, I was hoping that the Ghanians would do the same for us or even better. The late General Ignatius Acheampong brought us back to Accra and he looked after tM-to keep us going. See Page 5