Names make news. Last week these names made this news: In Uvalde, Texas, onetime Vice President John Nance Garner, 85, sold his stock in the town's First State Bank and retired from its board of directors. Said "Cactus Jack": "I'm probably vacating the last office I will ever take the oath to administer. I'm just getting lazy. I shun work now more than I ever have.

Just put me on the lazy, no-account list, although I am still able to strike a blow for liberty [;i.e., down a bourbon with branch water] about 5 p.m. each day." --Former Heavyweight Boxing Champion Jersey Joe Walcott, father of six children, waded in swinging against juvenile delinquency in home town Camden, N.J.. where he will run the city's fun & games program for teenagers.

--Sweden's pretty Princess Margaretha, 19, eldest granddaughter of King Gustaf VI, stepped out in Stockholm to take her first twirl at the traditional cadet ball held by the Royal War College.

--On the 72nd anniversary of his old commander in chief's birth, President Eisenhower had a military deputy place a wreath on Franklin D. Roosevelt's grave at Hyde Park.

--Swap of the week: Egypt's ex-Queen Narriman gave permanent custody of little King Fuad II, 2, to his doting father, Egypt's dethroned King Farouk, in exchange for his agreement to divorce her.

Charles A. Lindbergh, a greying 52 and still a working airman, sold the movie rights to his bestselling The Spirit of St.

Louis for a record $1,000,000, later made one of his rare public appearances at a banquet in Manhattan in his honor.

After a 39-day stopover in New Zealand, Queen Elizabeth II and the Duke of Edinburgh boarded the royal liner Gothic while foghorns bellowed and bands tootled. Next stop: Sydney, Australia.

In one of Switzerland's flossiest nightclubs, the Palladium in Geneva, Manager Jean Rings formed a low opinion of the talent of the lady pianist playing with U.S. Bandleader Joe Castor and his Hollywood Mocambo orchestra. The raven-haired lass, one Dolly Strayhorn, was plain butterfingered. Shortly after the orchestra wound up its two-week Palladium stand, Rings was awestruck to learn that Pianist Strayhorn was none other than Tobacco Heiress Doris ("Richest girl in the world") Duke, artfully slumming it, black wig and all, as a working girl.

Using baseball's sprirfgtime holdout technique, Cinemactress Marilyn Monroe, who considers herself underpaid ($1,250 a week), refused to go near her Hollywood studio. Instead, with new hus band Joe DiMaggio she flew off to Japan, where ex-Yankee Joe will work with old-time Giant Outfielder "Lefty" O'Doul at coaching Japanese baseball teams.

In Palm Beach, more than 30 years after she had taught him "the basic principles of good Americanism." General Carlos P. Romulo, the Philippines' chief U.N. delegate, happily hugged his first American teacher, Mrs. Leo L. Grove, who had not seen Carlos since he was a prize pupil back in the islands.

--Worn and wilted by a week-long attack of sporadic hiccups, Pope Pius XII canceled all audiences and spent most of his days sitting miserably in an armchair in the Vatican Palace.

--Although usually content merely to froth and cry havoc over Republican blunders, Politicolumnist Arthur Schlesinger Jr. strayed off his beat last week to attend Broadway's latest hit play, The Caine Mutiny Court Martial, based on Herman Wouk's bestselling novel. No hit with Schlesinger, the play, as he wrote for his weekend readers, suggested a "cultural phenomenon" whose denouement was "shocking and unforgivable." Summarizing the plot, he wrote: "Lieutenant Maryk, the executive officer of the U.S.S.

Caine, is brought to trial under charge of having led a mutiny against his commanding officer, Captain Queeg [who is proved in court to be] a liar, a sadist and a coward . . . The point is ... that the real source of trouble was not the paranoic Queeg at all; it was the insidious intellectual, [Lieut.] Keefer, critical and egotistical, hostile to authority, who had cleverly corrupted the innocent but dumb Maryk and persuaded him to undertake the mutiny." The repellent moral sniffed out by Schlesinger: "Authority, no matter how brutal or contemptible, must be respected; defiance of authority, no matter what the provocation, is the unpardonable sin, and those who agitate against authority . . . are the greatest danger society faces . . . This moral is, in essence, dramatic McCarthyism . . . a powerful evidence of the unconscious undertow of our times."

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