September 7, 1974

Governor Wilson released a net‐worth statement yesterday, reporting that he and his wife had $632,580.14 in assets, and no liabilities. Page 16.

A calm year appears in store for American higher education, but the joy of administrators at the prospect of continued tranquility is tempered by apprehension over an economic climate that is having a growing influence on academic decision‐making.

Saudi Arabia has reptdly decided to purchase several billion dollars of special bond issue by US Treas; sources say amt and terms are still to be negotiated; indicates purchase will be less than that suggested in Saudi Arabia in July by Treas Sec William E Simon; decision to purchase bonds, approved by King Faisal, is important step by Saudi Arabia toward internatl cooperation in use of its enormous oil income, which is estimated in current budget at $26-billion for fiscal yr ending next July; Planning Min Hisham Nazer says that Saudi development bank with capital of $3-billion is to be set up this yr to make loans to developing countries; other recent Saudi investments noted (L)

Assemblyman Antonio G Olivieri, one of 3 Dem aspirants for Lt Gov, asks campaign mgr Matt Shipman to step down; acts following disclosure that Shipman gave $1,500 to Dem State Committeeman Irwin Cohen 2 days before State Dem Com meeting in Niagara Falls last June to endorse candidates; asserts that although Shipman's giving of money to Cohen was not illegal because it was to cover joint mailings and literature it 'snowed lack of judgment, and that was very wrong, as far as timing was concerned'; Cohen is candidate for Dem nomination for State Assembly seat in Queens; Nancy Weiskopf, Olivieri campaign aide, who also has been asked to leave campaign, appears before state com in closed session with lawyer Robert K Ruskin; declares, after session, she sees development as 'obvious smear' against Olivieri, whom she terms front-runner, just before primary; Cohen maintains he returned check to Weiskopf; State Sen Mary Anne Krupsak, one of Olivieri's opponents, declares that Olivieri must take responsibility for Shipman's action; Olivieri por (L)