The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Should the Regional Municipality of Waterloo assume the $7.3 million outstanding debt for the Conestoga Parkway? A _ Right noik it all depends on your vantage point. A ---- - .. Certainly the residents of Waterloo would contend the expressway serves the entire area and any outstanding debts should therefore be assumed by the region. The $36 million project, built between 1965 and 1971 and financed to the tune of 75 per cent by the province, still carries $7 .3 million in out- standing municipal debts. Of this the City of Waterloo owes $1.8 million. Principal and in- terest charges on this debt will cost Waterloo $238,490 this year unless, of course, the region assumes the outstanding debentures. Support for such a move is limited outside of the Twin Cities. The majority of regional coun- cillors contend the debt was incurred, by Kit- chener and Waterloo and they should assume the responsibilities for these costs. If the parkwarbecomes a regional road pro- vincial subsidies for maintenance will drop from the present 75 per cent tojo per cent. - - But lets be realistic. The Conestoga Parkway serves the entire region. Anyone who argues otherwise is simply attempting to avoid a cost sharing arrangement. Recently the region assumed a portion of the responsibility of investigating the feasibility of the proposed Highway 8 bypass around the City of Cambridge (25 per cent of the $90,000 study). Such a commitment would indicate the region will be willing to partially finance the construe tion of the bypass. T Certainly Cambridge will argue the bypass will serve the entire region and the cost and maintenance should be shared. So where lies the difference? If the region agrees to assume responsibility on the Highway 8 bypass then a similar com- mitment must be reached on the Conestoga Parkway question. Easter is a joyous time of the year - espe- cially for the close to 13,000 handicapped young- sters in Ontario. As a religious holiday it is without equal but it represents a lot more to these children. East- er means Easter Seals. Those little additions to our envelopes represents an estimated $1.8 million in revenue to the Ontario Society for Crippled Children. The money collected from the Easter Seal Campaign is directed towards developing the province-wide system of treatment facilities and services but this is not possible without your help. The key' to either argument is consistency. If the region supports one then the other must also be shouldered. o This year the Kitchener-Waterloo Rotary Clubs have set $35,600 as their objective and it's up to each and every one of us to ensure this goal is achieved. LeCs make sure the work of the Ontario So- ciety for Crippled Children continues. When you receive your Easter Seals make a donation to this worth while cause. It is far better to give .w. and it will undoubt- ably make your holiday a lot better. You will receive 13.000 thank yous for your generosity. And that is the true meaning of Easter! tttatrr1oo Chvoniclc, Wednesdag, Much Lt 1974 Consistency the key comment a page of Have yoriroticee the big change in the world of big capitalism in the past coupleof decades? - .. _ -. ihe personnel 'in the inner sanctum of high finance is just as piratical as that of the robber baron days, but the things they wheel and deal in are vatrt1tdirrertnt., __ -. They dealt 'with'solid. téngible assets: steel and coal, oil. minerals, railways and banks. - - __ _ _ - Tiie bad old boys, the Fords and the Roehefelters, the JP. Morgans and the Andrew Camegies, were giants of finance, and a pretty unscrupulous lot, from all aocounts. - Their techniques were roughly similar. Get hold of something as cheaply as possible. and dispose of it for as much as possible. And never pay a working man more than the absolute minimum. A simple formula, but it piled up millions, then billions. Today, their names are connected with great philan- thropies, but when they were alive, their names produced more curses than blessings. They fought the unions bitter- ly. They bribed and bullied and stole. Today's entrepreneurs seem to be just as arrogant, greedy, and ruthless, but the things they deal in have changed almost completely. ___ - _ _ - They‘d have laughed at the idea that their depreda- tions were destroying the ecology. They'd have had apo- plexy if someone had suggested something as ridiculous as fringe benefits. V . Banks and railways and airlines are still highly profit- able, but they are no longer the financial Playthings of a few men. They have become exceedingly dull. huge bureau- cracies with little life or colour in them. The new breed of banditti steers clear of them. Oh, your modem wheeler might take a flurry in oilfbut it's more likely to be floating a stock issue than getting the stuff out of the ground. He still goes where the big buck is, but the action has changed. Nowadays, he's more likely to own a prize fight- er or a string of horses than a chunk of a copper mine. Today's big money is in publishing, radio and television. and sports. It's probably Just as well they have gone, though they were acorful lot of bandits. Todayirmancia1 magnate is far more interested in the half-world of sports and entertainment, than he is in just old things. like mines and such. A _ J And the really big money is in land speculation. Your old-time financier would have been stunned. and envious. could he see the doubling and tripling of money in the buying and selling of plain old land. So. it's in the areas mentioned that you'll find the modern sharks, in large schools, gobbling up the little suckers and regurgitating them for all the slightly larger suckers. Another big change is in the publicity involved. The magnates of yesteryear were very close-mouthed. They kept their private lives as secluded as possible, retreated to vast homes andtried to keep the press at arms length, Today's maggots (oops a Freudian slip ___ glory in the limelight, They are never happier than when they have the media speculating about their next deal. They manipu- late the press. After all, every story. every picture, drives up the price of whatever they're selling, and is also great for the ego. They'l1 call a press conference to discuss a pending operation for an in-grown toenail. There's one other aspect of the great scramble for the buck that has changed drastically, That's the relation- ship with the people working for the big dealers. ir, thebad Bld'days, wheii laissez-faire reigned supreme. -riTGiiaiG'ii"ieot seem amm- “me 1Nrulttt0Mttttr8ttetefriSlltfs'mltttatM' - (iiiiii'iiislii" 'th iijii-iiii,iil - k. "/d/ [tles itt5 v 1t Fu t ‘ L ifill a" il! fg) MIlcN \ BLR il iliilll Bill Smiley This last aspect WauId seem to be a matter for sheer joy for most of us - watching the bosses being squeezed by the workers. But alas. It won't do us any good, fellow sucker. The boss will merely raise the price of admission and won‘t lose a nickel of his own money. Somehow, with all their faults. I like the old bandits LETTER TO THE EDITOR Sounds like the government. doesn't it. When every- thing costs them more. they raise our taxes to pay for the increases. When everything costs us more. they raise the taxes as a curb against inflation. det in line, sucker, for the next increase in the price of tickets. it was the accepted custom to grind the worker dot- and sweaththe very life-blood out of him. to-wring the last cent of profit. - - - --- Today the worm has turned. particularly in sports. All you need, if you’re a pretty good athlete, is a good lawyer, and you can put the boss through the wringer. - - _ _ - cG you imagine the look -on the fade of J.P.. Morgan if someone could tell him that athletes. mere bodies. were pullingin salaries in six figures? _ _ __ - _ Published every Wednesday by Fairway Press, a division of Kitchener-Waterloo Record Ltd. 225 Fairway Rd . Kit- chener. Ontario Address correspondence to Waterloo Square. Waterloo. Ont. Telephone 744-6364. This letter is not a solici- tation for funds. Rotary Clubs of Kitchener and Waterloo have now com- pleted 50 years of service and at this time we simply wish to present you with some facts for your infor- mation and future con- sideration. Dear Editor, The 1974 Easter Seal Campaign objective for Ontario will be more than $1,800,000 to meet the cur- rent needs of the 14,500 dis- abled children in this province In our Easter Seal Cam- paign for the Kitchener and Waterloo area, we will have to raise $35,600 to pro- vide the many vital ser- vices and facilities that must be made available The Old bandits were colorful In Canada: one year $8: in United States and Foreign countries: one year $10 SUBSCRIPTION RATES ESTABLISHED 1854 Donations are welcome and official income tax re- ceipt are issued. We must count on our corporate community for generous support. The success of this Ca. paign can be, achieved only through the awareness and financial support of the business community. It is our hope that there will be an allowance in your 1974 charitable donations budget for the crippled children of our community through the Easter Seal Campaign. to these youngsters to secure and brighten thei future. A Sincerely yours, PL. Rason, Campaign chairman