Schmidt Visits to Discuss Economy ,··

J, J ,· ·:·_. ~~~- :l' ;··1 ..-:- ~ i ';._·' .• .; Volume LXVI ·Wake Forest University, Winston .. Salem'North Carolina., Friday, October 14, 1983 No.8 Schmidt visits to discuss economy ,·· In the Feb. 26, 1983 issue of The Economist, Helmet Kohl, a conservative. Christian As a member of the Social Democratic Party, Schmidt commented that Germany remains former West ·German ·Chancellor Helmut Democrat. succeeded Schmidt. he served in the lower house of the German bound to the world economy. "It can only be Schmidt said the future course of the world's parliament from 1953 to 1962. Schmidt served steered by a joint effort," he said. Called by West Germans "der Macher" (the four years as Senator for Internal Affairs in economy is still uncertain. Schmidt will address· The economic summit meetings and the Doer), Schmidt spent 31 years in politics. Hamburg before returning to the Bundestag in this subject of world economy Friday, Oct. 21 at "Library Group" (informal meetings finance During his chancellorship, he stressed his goal 1965. of 10 a.m. in Wait Chapel. of. the :political unification of Europe in ministers> were established in orjier to partnerShip with the United States. He was one He subsequently served on Chancellor Willy encourage this cooperation, Schmidt said. "We are still facing the question: will of the founders of the Economic Summits, Brandt's cabinet as Federal Minister of . countries try to solve their joint problems by co Defense, and then joint Minister of Economics Schmidt said governments today are in poor which were initiated in 1975 to coordinate the positions-there is an ·increasing. chance that operating-as it were, play a game in which policies·of the major western states. and Finance and then Finance. everyone is the winner-or will they move into the world system will break down. While Chancellor of Germany, Schmidt In 1974, he was elected Chancellor of West confrontation, a game in which everyone is the "Today governments appear paralyzed. l()Ser, .. he said. steered his country through two worldwide Germany. recessions that seemed to be less severe in Their inability to make political decisions is In The Economist, Schmidt discussed his Germany than in other European countries. matched by the private helplessness of the Sclunidt's visit to Wake Forest is sponsored economic policy during his chancellorship. unemployed and the hungry," he said. by R.J. ·Reynolds Industries, inc., in He was praised by former U.S. Secretary of cooperation with the university and Halllli State Cyrus Vance for "his great intelligence "I tried in government to steer a middle path "The system which has brought us a world Richmond, Inc., a major supplier of RJR and a great deal of wisdom-he has a rare between the two extremes of Keynesian product of which our grandfathers, our fathers cigarette production equipment. combination of both." economics and monetarist policy. But of course and ourselves had hardly dreamt is we could not prevent the German economy increasingly in danger of breaking down." A self-described "citizen of . our Atlantic Born in Hamburg, Germany, Schmidt studied being increasingly drawn into the world Farrner West German Chancellor Helmut Schmidt comm1111ity," Schmidt served as Chancellor of political science and economics at Hamburg ' economic crisis after the second oil price Schmidt's speech is open to the public and will speak on the world's econo.my Oct. 21 at 10 a.m. West Germany for eight years. In October ,1982, University. explosion," he said. free of charg~. in Wait Chapel. Presidential search Board emphasizes search success the Board of Charles Cheek said. "At Tile search committee interviewed a lot of by Marjorie Miller Trustees least we did hear from students, faculty, alum peoJlle whose names never became public, Mor <First of two-part analysis> ris said. In seeking a new university president, the ni, Boards of Visitors (and others) and were af fected by what was said by these grouPS. trustee search committee solicited nominations "{)nee they <the committee) made the deci from within and outside the school in order to The search committee was aware of sion, I think they wanted to bring it (the pro obtain as broad a range as possible, trustee grievances which various constituent groups cess) to an end... and not let it linger with search committee member James W. Mason had, Mason said. rumors," Bennett said. said. The committee periodically received "a let· Mason said the information contained in the He said the committee asked everyone con- ter or memo from one group or leaks was "disjointed, incomplete and not cor -cerned with Wake Forest for nominations for another ... Cindicating) that things were not be rect. I don't think it (the leak) was from the the new president. The search committee also ing done," Bennett said. search committee." advertised the position il) such publications, as These groups wanted to help the committee, The leak "had to start from our committee" the Wall Street Journal, the New York Tim'es, . Mason said. They were "not going to just rub· Baptist and Wake Forest publications. because only the committee members possess ber stamp anyone we laid down." ed the information about the candidates, Mason Seeking applications, the search committee The "tremendous interest" the various con said. "But the person who leaked it was not wrote to alumni and the majority of institutions · stituent groups showed in the search process from the committee, I don't think." in the South as well as institutions in other parts was "very healthy," he said. "We did our very of the country with which Wake Forest has con best to meet with these groups, (and we) met "We had mapped out and planned for a dif ferent procedure, but with the leak we were tacts, he said. the qualifications they laid down to us. scared we would lose candidates," Mason said. · . · OG&B file pl'loto "The process of inquiry in seeking names was "This made the committee members feel we The annual Homecoming parade begins at 10 a.m. tomorrow. This year's theme, "Cheers far 150 y..Ors," is unlimited," Mason said. "I don't think it could .were very responsible. We accepted this Cheek said the search committee would have dedicafed to the Sesquicentennial celebration. have been broader. We never cut off receipt of responsibility and felt if there was any way in preferred not to have a rushed-up meeting of applications ... We felt what we were after was the world we could, we would," Mason said. the ooards at the end. the best man." He continued, "As a member of the commit· The trustees thought the process had to be "There were a ton of (groups and) people to tee, ·u made me feel that I had assumed some rushed in the end, Mason said, but it was "very deal with (during the search process) and C. C. responsibility ... and I didn't care how long it apparent to our committee that we had the right Organizations promise 1 Hope did a fine job" and consulted all the (the process) took," Mason said. man." various groups," trustee Bert Bennett said. But leaks occured which they did not an The search process may have gone through The search committee involved the Boards of ticipate and "maybe the process broke down" "rough roads," but this is in the general tradi Visitors, faculty, alumni and students in the in the end due to rumor, Bennett said. tion <Jf Wake Forest" and the "net result was best Homecom,ing ever search process ~nd also in the final analysis of the candidate. The committee also brought in Mason added that the leaks to the press good," Mason said. · by Marybeth Sutton the president of the Baptist State Convention, speeded up the end of the process. Written guidelines would not be practical, Masonsaid. · "The fact that the news media had become so Cheek said. In the next search process, a new College Union, the Alumni Association, the athletic department and Student Government He said these groups submitted qualifications active and leaks (occured would have brought) group of people will probably decide, he said. have colla berated to produce what may be Wake Forest's biggest Homecoming/r~union ever 'for the new president and "gave us standards the whole thing to a disastrous conclusion if (the When the process is done again, it will an official birthday party celebrating the university's Sesquicentennial (11134-1984). by which we should seek and judge'' candidates process) had not been rushed at the end," "probably be in different circumstances and with different moves than this time." Events began Thursday, which was declared Half-Century Club Day on campus. Alumni during the initial process. Cheek said. "The prejudice we might insert in the process from 50 or more years ago were honored with special·activities including campus tours, The committee took great pains to maintain "We met with them as a group or represen· (by developing written guidelines) would be displays from the university archives, films of the original campus and dinner featuring confidentiality and "tried to keep candidates tatives of their group at various times during counterproductive," Cheek said. remarks by Wake Forest personalities. The class of 1933 was initiated into the Half-Century the process," Mason said. The search commit from meeting each other. We even had them Club during a traditional luncheon. tee met with the faculty advisory committee, stay in different motels," Morris said. When the search committee set ground rules, the head of the Board of Visitors, the head of the The group looked at every application "very it was agreed that they had to keep all the infor Today registration for alumni will be in the main lobby of the Hyatt Winston-salem until5:30 Alumni Council and other representatives from methodically," Mason said.

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