Diary of Ferdinand E. Marcos

Sept. 30, 1972 Saturday

Marcos Diaries 1972_158 Marcos Diaries 1972_159

(1)

11:15 PM

sept. 30, 1072

Saturday

Malacañan Palace

Manila

Tillwan Durdin of New York Times has now reported favorably on the developments in Manila contrary to his initial reports. I attach cabled report on his story and other stories.

Since the New York Times is the bell weather of American newspaper sentiment, this should mark the generally favorable reaction to martial law.

This morning at 9:30 I met all the generals at Camp Aguinaldo. I cautioned them against complacency arising out of the euphoria of easy victory; to watch October a it may be the crucial month; that the reform movement and the creation of the New Society is our principal objective and keeping down criminality and prices is the urgent and immediate objective; that it is easier to win a war or a revolution (for no matter how peaceful or constitutional it is, it is a revolution) than it is to run a government; but that I am confident in their capacity to continue the excellent performance.

Increased allowances of enlisted men and pay of officers.

 

(2)

Sept. 30th (Con’t)

Malacañan Palace

Manila

Decreased the rates of Meralco to 20.9% from 36%. This is the crying need of the people. I attach the order as well as other orders I signed today.

Antonio Roxas Chua and the other sugar dealers and traders were apprehended for hoarding and profiteering. They were also getting ₱10 a bag of sugar sold to industrial users.

He has offered to sell all his sugar at controlled prices. So have the others.

I attach his offer through Ralph Nubla whom I authorized to see him.

The Meralco oligarchs are trying to see me. The head of the clan, Eugenio Lopez Sr., has been trying to get me by telephone. Now the son (Junior) has asked to meet with Gov. Kokoy Romualdez. They sent Tony Ayala. They are also going to see Bobby Benedicto who has arrived.

I am sure it is about the rates.

I intend to review all power rates thoughout the Philippines.

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