davidaulloa/AmericanStories huggingface dataset:
Holmes County herald., 1962-08-23
81 8a48I

Editor
Holmes County Herald
Lexington, Miss.
Dear Sir:
l was in the audience at the
King Edward Hotel for the
debate between Mr.. Myers G..
Lowman and The Rev. Gerald
Trigg. Knowing the policy of
Mr.. j. Edgar Hoover not to
inject the +. B. l. or himself
into certain matters, / was
shocked at Mr.. Trigg's quotes
from a letter from Mr.. Hoover
which seemed to be critical of
Mr.. Lowman. On August 3rd,
| wrote Mr.. Hoover Of my
concern, and enclosed is a
copy of his reply, together
with a copy of Mr.. Trigg's
quotes taken from a recording
of the debate.
1t is obvious that, had Mr..
Trigg used Mr.. Hoover's let
ter in full, it would have gvi-
en- a different picture to the
audience. The quoting Of only
that portion of Mr.. Hoover's
excellent letter that best suit
ed Mr.. Trigg's purpose is an
example of how the half truth
can be employed to misrepre-
sent, confuse and deceive.
1t is my feeling that a great
injustice has been done to
the hundreds of persons who
listened to the debate at the
hotel or over a II station radio
hookup.
If you can reprint or report
in full my letter to you, Mr..
Trigg's quotes and Mr.. Hoo
ver's complete letter to Mr..
Trigg, then your readers and
listeners can judge for them
selves how Mr.. Hoover's
statements were taken out of
context.
Sincerely,
Mrs. William M. Peterson
Excerpt from the record
ing of the debate between NV
ers G.. Lowman and Rev. Ger.
aid Trigg, Jackson, Mississip-
pi, July 80, 1882.
Rev. Trigg: g.. In a letter
that I received a short while
back from Mr.. Hoover in
which I'd indicated that 1
would be debating Mr.. Low
man, he said, This is not the
time for name calling, or pub.
icity seeking charges design
ed to confuse, divide, or weak.
en-. The clergy of America
need the full support of pat
riotic citizens in our common
struggle against the enemy"
The above two sentences are
the only part of j. Edgar
Holmes County herald., 1962-08-23
Business Needs Tax Cut

The Chamber of Commerce of the
United States is of the many groups
which favors substantial tax reductions
as a spur to tagging business.
AT the same time, the Chamber empha-
sized the need for an accompanying rigid
economy program in government. In its
view, cuts of more than S. billion could
be made in the budget for fiscal 1868
without harm to any essential program
or service
The Chambers tax reduction plan in
wolves several steps: A cut in top brac-
ket individual income tax rates from Of
Holmes County herald., 1962-08-23
THURSDAY, AUGUST %, 1862

Hoover's letter which were
quoted by Mr.. Trigg in the
debate.
Mrs. William M. Peterson
2006 Douglass Drive
Jackson 6, Mississippi
Dear Mrs. Petesson:
Yous letter of August Ord
has been received.
In response to your inquiry,
| wrote Reverend o. Gerald
Trigg on July 2, 1862, after
receiving a letter from him.
In my answer I stated:
cover the years, as could
be expected, churches and re-
ligious organizations have
been : and will remain : tar
gets for communist infiltra-
ton. In the past, some clergy
men, unfortunately, have been
induced to give their names
and their talents to commu-
mist fronts and causes with
out apparently being aware Of
their true nature or purpose.
The fact that some have been
duped does not justify wild
allegations that Protestant de-
nominations in particular have
been subjected to alarming
lnfiltration and influence. The
truth of the matter is that
the overwhelming majority of
our clergymen are today
wholly loyal to our Nation
and are working valiantly to
protect our freedoms, and they
have been among the most
consistent and vigorous oppo-
nents of communism. This is
not the time for name calling
or publicity-seeking charges
designed to confuse, divide
and weaken. The clergy of
America need the full support
of patriotic citizens in our
common struggle against the
enemy.
We must keep in mind
however, that even one
clergyman, who, in any way,
gives aid to the communist
movement is one too many"
The above is in accord with
the position 1 have taken over
the years and, as you can see,
crticizes no specific person
or group, I would not make
any such criticism since the
FBl is strictly an investigative
agency of the Federal Govern
ment and, as such, neither
makes civilizations nor draws
conclusions as to the charac-
ter or integrity of any organi-
zatlon, publication OF indivi-
dual.
Enclosed is some material I
thought would be of interest
to you.
Sincerely yours,
J. Edgar Hoover
Holmes County herald., 1962-08-23
EDITORIAL PAGE
Holm County HERALD

published by the HOLMES County Publishing Company at 200 Tchua Street Lexington
Mssssppi Entered at the PosohHce at Lexington, Mississippi as Second Class mall n
der the Act of Congress of March g. 1879 Subscription aes for I0lmes and adjoining
counties per year. $500; six months, SITS elsewhere, per year., $3.50.
Jack A. Shearr.T . NJ.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
LOWELL M. RHOADES
NEW ADMINISTRATOR

Lonnie H. Moore viii leave
Plngc District Hospital on May
1 to accept a similar position n
New Bern: he win be succeeded
by Lowell M. Rhoades of Wind
S0r.
Mr.. Rhoades is a graduate Of
the Dell School of Technology
in Asheville and Of East Caro-.
lima College, where he received
his degree in business admins
tration in March.
Rhoades was X-Ray and Lab
oratory technician at Lexington
Hospital in Lexington for two
and one half We ars. Mrs.
Rhoades is a registered nurse
and will also become a member
Of the hospital staff. A native
Of Salisbury, she received her
training at Charlotte Memorial
hospital.
Mr.. and Mrs. Rhoades are
making their home at 407 East
Pungo Street in Belhaven.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
RECEIVES AWARD

Danny Smith, son of Mr.. and
Mrs. Alva Smith of Belhaven
Route two was presented the
Chapter Star Farmer award al
the annual John A. Wilkinson
school FLA Father-So ban
quet.
The award was presented by
Nicky Paul, vo-Ag teacher. The
program was attended by Gov
err1or Terry Sanford.
Danny is active in all phases
of the farm program, he has an
acre and one-haf Of tobacco, 10
acres Of corn, 20 acres Of soy
beans, three acres of cotton, six
feeder pigs, a sow and some
steers, supervising the program
himself.
In 1861 Danny received the
DeKalb Agriculture Accomplish
ment Award and the Agriculture
award at the John A. Wilkinson
High school. He has participated
in the Beaufort County junior
fat stock show. He is secretary
of the Belhaven FLA chapter
president Of the John A. Wilkin.
SON Student Council and a mem
Der of the school paper staff.
Danny's father is a tobacco
farmer, there are three Other
children in the family, two boy:
and a girl and they attend the
primitive Baptist Church.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
SOCIAL ITEMS

Mrs. Jack Leigh was high
scorer and Mrs. Howard Voliya
was low when Mrs. Marshall
Willis entertained her card club
Tuesday evening. Mrs. Willis
served a dessert course and iced
drinks; and light refreshments
during cards.
Others playing were Mes
danes David Balance, Jr.,
Grady RUSSELL, H. 1. Dilday
Jimmie Calfee, Orville Clark
Leigh Wahab and c. B. Till.
man, Mrs. Howard Voliva and
Mrs. w. B. Voliva.
Mrs Charles Powell was hos.
tess to her club Thursday eve.
ming. Spring flowers were used
for decorations. Light refresh
ments were served during play
and q dessert course at the enc
of the evening.
Playing were Mesdames D. A
Rouse, Russell Daniels, Ed Har'
ris. Charles Latham, James Ed
wards and Frank Noble, Mrs
|W. B. Voliva and Mrs. g. p
|Tillman.
Mfs Rouse won high score
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27

/, Midgette.
| Mr.. and Mrs. Justin Woodland
Gene and Deborah Woolard Of
Norfolk, Va, spent Thursday
and Friday with Mr.. and Mrs,
Elwood Midgette.
Roy Justice spent Tuesday in
Raleigh
Mrs. Bud Williams and son
Eddie, Mrs. c. L. McHarney,
ST., Mrs. C. L. McHarney, Jr,
and daughter, Miss Faye Nc
Harvey and Mrs. Elwood Mid
gette spent Wednesday in Wash
ington.
Mrs. Sam Morris and children
Of Jacksonville spent the holt
days with Mr.. and Mrs. E. x.
Ross, Sir.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27

ter in Charlotte with her daugh-
ter, Mrs. Frank Johnston. She
was accompanied by Mrs. Steph-
EN- Halves and children who re-
manned for the Easter holidays.
Mr.. and Mrs. William Muir
and children Of Newport News,
Va, Mr.. and Mrs. Craig Fury
and children Of Cary and Mr..
and Mrs. Harry Eaton and chill
dren Of Newport News were
week end guests of Mr.. and
Mrs. c. I. McHarney, ST..
Clinton Bowen Of Greensboro
spent Easter with his mother,
Mrs. Bill Boyd.
Larry Midgette Of Raleigh
spent the week end with his
parents, Mr.. and Mrs. Elwood
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
PUNGo HOSPITAL NEWS

White patients April 1923: r.
J. Dudley, Mrs. Lillian Jack
son, J. H. Harrison, Mrs. Pearl
Tolan, Mrs. Musa Sadler, Miss
Janet Gettel of Befhaven. Mrs,
Nora Alligood, Mrs. Ida Cox,
and Don Harris of Swan Quar-
ter. Mrs. Lucille Griffin, Mrs.
Maude Dunbar and Mrs. Ella
Mae Equils of Scranton. Mrs.
Hazel Pledger, Mrs. Lena Volt
va and Mrs. Rena Cox of Engel-
hard. Mrs. Louise Hope Of Pine
town. Mrs. Lucille Creole OF
Goldsboro. William Russ and
Eric Harris of Pantego.
Colored patients: Thad Keech,
Ray Windley, William Moore
and Louise Linton of Belhaven
John Spencer and Garfield
Cooper of Swan Quarter. Sophia
Bailey of Bath. Rettie Spencer
of Scranton. Pearl Howard and
Nora Gibbs of Engelhard.
Colored birth
Mr.. and Mrs. Robert 0'Neal
Bailey of Bath a son, David
Anthony O'Neal on April II
Mother was the former Sophia
Louise Taylor.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
MUSICAL PROGRAM
AT FIRST BAPTIST

A sermon in song, "The Cross
of Christ" was presented Sum
day evening at the First Baptist
Church in Belhaven, by the
church choir members.
The program consisted Of q
women's trio, by Mrs. Paul Daw-
son, Mrs. John CutreH and Mrs.
Mike Harris; q duet by Mrs.
Mike Harris and Joe Peek, and
Mrs. Delma Tolan and Mrs. Ed
gar Martin; solos by Mrs. John
CutreH, Joe Peek and Delma
Tolan with Mrs. Paul Dawson
| at the Organ.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
PATRIOTS DAY OBSERVED

Patriots day was observed IN
Belhaven on Thursday, April 10.
Commander Henry E. Moore Of
Post 249 Of the American Legion
headed the celebration; along
with the American Legion Aux
iliary and the school gathered ct
John A. Wilkinson high school.
Mayor James w. Younce had
declared April 10 as Patriots
which commentaries the Bat
ties Of Lexington and Concord
and the ride Of Paul Revere.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
BELHAvEN RECORDERS
COURT LISTINGS

Drew Madison Eborn, colored,
of Belhaven Rt. two, operating
a truck with improper lights
and brakes, costs Of the court.
Joseph Lee Borden, colored. Of
Belhaven, Rt. 2, operating car
with improper lights costs OF
the. court.
Fred Ollie Davis, colored. OF
Belhaven, speeding 60 miles in
a So mile zone SIS fine and
costs.
Robert Owen Smith, white, of
Belhaven, Rt. 2, speeding 70
miles in a IS mile zone, SIS fine
and costs.
Robert Lee Stanley, colored,
of Belhaven, SPEEDING 60 miles in
a As mile zone, SIS fine and
costs.
Murphy Boyd Respess, white
of Rt. One Pantego, speeding
20 miles in IS mile zone, $15
fine and costs.
Ross Bunch, colored, of Rt.
One, Pantego, failing to stop at
a stop sign, $40 fine and costs.
Mack Corprew, colored, OF
Yeatesyille, drunk and resisting
arrest, 9O-day suspended SEN
tence ON payment of $55 fine
plus $50 for destroying a coat
belonging to Policeman Watson
David Ayers, white, Of Bel
haven, drunk and disorderly
suspended sentence on payment
Of court costs.
WiIbert Lee Smith, coloredl
of Rt. one, Belhaven, trespass,
warrent withdrawn by plaintiff
on payment Of court costs.
Jack Bunch, colored, Of Rt
One Pantego, passing a worth
less check, ordered to pay check
of $50 and court costs.
Perry Smith, white, Of liz
City Market Alley, Wilmington
passing worthless check, order.
ed to pay check of $500 and
costs Of court.
Edward Radcliffe, white, o.
Rt. One, Belhaven, failing to
yield right of way. fined $40 ana
costs.
Willie Clyde Brown, colored
Of Williamson, passing worth
less check, ordered to pay
check of $59.67 and costs OF
court.
w. H. Lilley, white, Of Bath,
passing a worthless check, or
dered to pay check of $40 and
costs of court.
Albert Lee Borden, coloredi
of BeIhaven, assault and lar
ceny, given 90-day suspended
sentence on payment of $50 fine
and costs of court.
Joe Greekspoor, white, Of Bel
haven, passing worthless check,
ordered to pay check of $100.2S
and court costs.
Zone Lovick, negro, of Rt. one
East Brunswick, N. j., speeding
10 miles in q 55-mile zone, SID
fine and costs of court
John Marshall Cox Jr, OF 1t
Q, Belhaven, speeding, was fined
SO and costs.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
BELilAvEN PERSONALS

Mrs. w q credle.
M. "a Mrs u n Rr,,r,sav
.o's NJ a.. ar, ,, 49, ana A. Wan rsr
"a d.
a-.a $500 c D.....
80 Me- pac,v Innton ~
| c c..s liz .nsnt +ba week end
MIN M-s MsIv;n T,,nton,
~. 49, ,.y;,,.;,.or .rd
,s: W M - Gc,dshor 49,,
and M;csae1 Williamson Of Green.
vile snant the week end with
mrs. Meivih Lupton.
Miss Martha Wilkinson and
Miss Ann Webb 81 Goldsboro
and Michael Wilkinson Of Green.
vile spent the week end with
Mr.. and Mrs. H. J. Wilkinson,
Buddy Niece and Miss Mary
Jane Gibbs of Swan Quarter
visited here Saturday.
Miss Loyce Brinson and Mrs.
M. L. Windley left on Tuesday
Ifor Morehead City to attend the
annual State Garden Club Con-
vention.
Mrs. Emily Elks and Mrs.
Wilson of the B.H.M. Regional
+
Library staff of Washington Wis
tied the Fannie Mebane Ralph
Library Wednesday.
Mrs. Iona Taylor and Mrs.
Laura Cavanaugh of Chocowin-
ity visited here Wednesday.
Elder Louis Craig Larsen and
Elder Edwin Raw Bigler of
Greenville Mormon church visit
ed here Wednesday.
Mr.. and Mrs. Robert Boss
and small son If RALEIGH snent
several davs with mrs g. r.
Jackson
NJ. c,;f.,. Mann fr.d,a
Clifton and Samm;a Creole Of
Yorktown. Va snent the holt
davs NTH M and Mrs n a.
Iordan and M and Mrs n. q
rradla
p.u = Na.e,,,.
W. mlss Way ntros1 y .s ,.a.snt
:, sa. az spei's - so, az ;IInass - hsr
,,,othsr Mrs w a Bullock
~ NJ. -, c.4to,.t,,.
NJ. anu va. 20. n &c. LII, ~
Ma..e anu AZ Any l NJ. = . rena-
Land and Mrs, Nettie Satterth-
wa;te Sunday
NJ, uy.,.au o,nyo., has -
us .o .ss .sa, .,'s ,,;s;t
~ 60 60 usnsa,ala n,;t,, bar
dauphte,. and son-in-law. She
v;s;tad also n Decatur. Ga with
her son and dauphter-in-law. Mr..
and Mrs. John Gibbs.
NJ . s,,r0s Arra ond
.,,aa c,aas - e Ts,horo snsn s+
AZ ,,. $50 "a WITH NJ and
sas. y w Wahah
-ai NJ =. NJ D Mar;rar = v;s;+;no,
Ia. sar-;,.io,r and Jauobte,. M
-. - S NJ IIa,,S Wast 4 Hamn-
ta W
MIS-. marry A@.',all anu 'oIi.
atnan Latnam % Nocey moui :
were noiioay guess u NIX anu
NILS. FRANK Node.
Mr.. and Mrs. Richard Howard
OF Spray spent the week END
with their parents, Mr.. and MRS.
r. O. Howard and Mr.. and Mrs.
Frank Noble.
Mr.. and Mrs. Charlie Tasker
and SON of Asheville spent the
week end with Mr.. and Mrs.
Tasker, Sr.
/ Mrs. Harry Midgette of Rich
mond, Va. spent the week end
with her father, A. L. Johnston.
Dan hurry Paul and sons, of
Raleigh visited here during the
week end.
/ M. De- orl NR,c A MacL
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
SUNRISE SERVICE
HELD IN BELHAvEN

An Easter Sunrise service was
held at the Belhaven Communi-
ty cemetery under the sponsor
ship Of the Belhaven Ministerial
association, with the Baptist,
Methodist, Episcopal and Chris
tian churches participating.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1962-04-27
BELHAvEN BOWS TO BATH

Wayne Cox pitched Bath to a
TO victory over Belhaven Thurs
day afternoon at Bath, allow
ing only three hits and striking
out eight while walking three.
Audrey Noble was the losing
pitcher.
Score ~ Innings !.
BsIhaven: 600 600 90 8 3
Bath: 402 010 ~ z !
The Nome nugget., 1962-07-25
SIN. Hi NRA DW0RSfi3K OF IDAHO SUFFERS FATAL HEART ATTACK

WASHINGTON 4R fsaag+ Sen. Hear4 (. D 4 ofz=56a a k. a
 aa#ehlF conservative voice on Capitol Hill since l939. ls dead of a heart attack at 67.
 His wife found hin unconscious Monday night ia the bedroom of their apartment and he vas dead on arrival al Georgetown GniFer- sity Hospital 4 son, Ward C. DWofshak, said the senator had suffered heart trouble ia recent years Funeral services will De he'd Thursday with burial in Airing ton National Cemetery
 D#ofshak #as the fourth con- servatiVe Republican senator to d.e within eight months. The others were Styles Bridges of New Hampshire who died last Noven- Der. Andrew Sel7oeppel of Kan sas, who died in January, and Francis Case of South Dakota, who died last month.
 D#ofsi1akS death =left ti4a se#- ale alignment at 6 Democrats aT=6l B Republicans.
 Speculation arose that Gov. Robert E. saylie. the Republican nominee for third four wear term as governor of Idaho, might resign and arrange to be appoint ed D#ofshak5s $ successor in the Senate
 Inc. death apparently means there will be an election this fall in Idaho 10 fill the four years re- naiaing in DNorshak' $ term. =DWorshas #as one of =tae Sen 5te.s hardest workers Ia=the 1953- 54 Conzress he answered every one of the 26l roll calls.
The Nome nugget., 1962-07-25
REQUESTS FOR ABSENTEE BALLOTS RISES STEADILY


 JUNEAU lP - Secretary of State Hugh Wade's Office said yesterday it has handled 504 re- quests for absentee ballots for the Aug. II primary election and the number of applications is rising steadily each day.
 Magistrates and Deputy Magi- strates around the state have also issued absentee ballots, but Wadc's Office said no actual count on the number of absentee ballots issued in this manner was available here as yet.
 Wade attributed the increase to the availability of new postcard application forms, which can be obtained in each of the some 250 post offices located in Alaska.
 Jack Mcfarland. State Elections Director, said he did not expect total absentee voting to run as high in the coming primary as it did in 1860, when 3,530 absentee ballots were cast in the primary and 5,331 in the general election.
 Mcfarland said the establish ment of 36 new precincts will per init many persons who formerly did not have a place to cast their votes in person on election day to do so this year.
 The ballot for the Aug IA pri- mary carries the names of candi- dates for Governor, Secretary of State, US. Senate, US. House of Representatives, State Senate and State House of Representatives
 There are no referenda or initia- tives on the primary ballot.
The Nome nugget., 1962-07-25
Scout BattaIions to
 Receive National Attention

The famed Eskimo Scout bat talions of the Alaska National Guard soon will be making an ap- pearance on nationwide television.
 At the suggestion of the Infor- nation Office of the United States Army, Alaska, the Army Pictorial Service is planning a film story on the Scout units and the part they play in the nations defense pro- gram
 When completed the film will be shown as one of the Army's Big Picture televised series.
The Nome nugget., 1962-07-25
Americans and Europeans View EacI, Other on TY

NEW YORK 4df Americans got q look at Europe, and Euro peans got look al the United States Monday in the first cx- change of live telcvision programs.
 Pleasure was expressed on both sides of the Atlantic, as the once formidable distance between the two continents shrank to the size of home television screen.
 The distance was bridged cleo ironically by the Telstar satellite which enabled the teleVision men to beam signals across space from continent to continent in milli- seconds.
 The result was international teleVision pregramming an q good programming at that. Missing however, was any hint of the con- petition that usually perVades the fields of entertainment Each side rooted for the others success.
 This nations program was first For 20 minutes it gave Earoae swift, panoramic glim pses eff American life including the Statue of Liberty, a baseball game, a Presidential news conference, a busy expressWay in Detroit, a summer theater, hula dancers. astronauts, the United Nations, the Seattle Fairground and the chiseled faces on Mt Rushmore
 Europe reciprocated with pie lures of Big Ben in London, Paris street scene, a Swedish maid, Sicilian boats and fishermen, riding school in Vienna. the Square of the Republic in Belgrade, the opera in Rome. scientific center in Geneva and the heart of industrial Germany.
 The American program went over big in Europe One London newspaper called it the greatest show on earth and in=s space" En- thusiastic comment came from Germany, Spain, France, and elsewhere on the continent.
 Reception of the American show was good in Europe, and reception of the European show was good here, although the last minute or so of the 20-minute European pro- gram was lost to American view CTS as Telstar dropped below the horizon
The Nome nugget., 1962-07-25
MCNAMARA SAYS AID TO VET NAM IS PAYING DEE

PEARL HARBOR tR v Defense Secretary Robert McNamara says the South Vietnamese are "begin- ming to hit the Viet Cong insur- gents where it hurts most - in winning the people to the side of the government"
 McNamara wrapped up a 12- hour secret session with top US. military and diplomatic leaders Monday with the same reinsurance he has voiced in the past:
 Our military assistance to Viet Nam is paying off,
 He said the problem now is to place US. material and support where sit will do the most good.a
 Among those meeting with him were Kenneth Young, US. Am bassador to Viet Nam: Gen. Paul D. Harkins, Commander of Amer ican military forces in Southeast Asia; and Adm Harry D. Felt, Pacific Military Commander.
The Nome nugget., 1962-07-25
GOLD >iN6r SHARES FAKE 1 SHARP DROP ON LONDON EXCHANGE

LONDON lP = President Ken ned2.s renewed pledge against de valuin5 inc dollar ierkcd the rug from under gold mining shares Monday, and spectators on the London exchange scrambled fran tieally to unload.
 Leading shares. which have been rising for months in the be- lief the United States would event. llally have to raise the official gold price of s335 an ounce. fell as much as s and ' points al a crack.
 Toward midday millions of dol lars had been wiped off the paper value of various gold mining stocks
 Kennedy's pledge was made under dramatic circumstances Mon- day night as part of the live tele- vision broadcast from America 10 Europe via the Telstar satellite.
 Speculative buying of gold mining shares has been prompted bx the continuing drain on the UsS.. Fort Knox reserves. H=Was widely believed abroad Washing ton would be forced to stem the drain by raising the price it pays for the metal.
 A similarly inspired speculative rush 10 buy actual gold on the London free exchange took place last year, butZthe bubble burst when Kennedy said the official price would not be raised.