The Baytown Sun (Baytown, Tex.), Vol. 62, No. 057, Ed. 1 Thursday, January 5, 1984 Page: 6 of 29
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THE BAYTOWN SUN
4-4
: Fight Will Continue
!%* | \>t i%
Fields:
Thayer Resigns
Official Denies Stock- Trading Allegations
By BROCK GUYNN
Goodmm was captured by the
R Syrians After his plane »u
the downed onDec. 4. *.......
Fields said he wouldn't question
the motive of Jackson, a
Democratic candidate for the 1984
of presidential nomination
The bottom line Is he aidejf la
have Hairing the release of that
Fields said, adding that
at a noon
the Baytown Rotary Club. Fields
referee
during imer-semce fights
the
The practice is banned by
federal securities laws In re-
cent years, the SEC has made il-
legal insider trading a high
priority
No replacement was im-
mediately announced for the 44-
year-old Thayer, who informed
Defense Secretary Caspar
Weinberger late Wednesday
morning about his decision
In recent years the deputy
secretary of defense has tradi-
tionally come from the business
world But Thayer may be
replaced by someone already at
the Pentagon because top
business officials might be
reluctant to take the job with on-
ly a year ieft^p Reagan s term,
according to Pentagon sources
who declined to named
In his letter to Reagan.
pveM private , in- Thayer «ad he had been iokl
TEoulfiole n.U jJ^oEC^intends -to f Uea
mergers or^acqu'siti'onS dvn:'~"totoplaiSr against me the coming decade and beyond ."
Thayer is a former lest pilot
and World War 11 flying ace who ding 98 percent of my time up on
rose through the ranks to the top the Capitol« Hill undoing the
t of the defense industry He has damage that senior Defense of-
This allegation against me is spent much of the past year as a finals are doing."
WASHINGTON <AP
year after be took the Job Paul
Thayer has resigned as the
deputy secretary of defense
because of a Securities and Ex-
change Commission investiga-
tion into allegations be was in-
volved in insider stock trading
before be came to the Pentagon
Thayer, proclaiming the
allegations entirely without
merit." quit W ednesday m a let-
ter to President Reagan He*said
his resignation will take effect
Jan 11 exactly one year after
he. left the presidency of LTV
Corp. a major defense contrac-
tor. to become the No 2 official
at the Pentagon
The SEC investigation focuses
on allegations that Thayer, in
his role as a member of the
board of LTV and two other
A
to vigorously defend this matter
in the courts with every con-
fidence that 1 will ultimately be
exonerated.” Thayer said
how to spend
Biblical times and that I m coo- g* action could lead to the
tor new weapons that are part of
vmced they will be fighting long release of other imprisoned
after: m
Fields argued that .American
involvement in the Middle East
marks a shift of U.S interests
away from Central and South
.America, where be said the coun-
try's real interests should lie
Fields said the United States
mrt Texas will have to deal with trillion three years ago, hai
the problems of providing educa- t®,Dearl- trllllOQ
Don and jobs for Salvadorian Fields noted
refugees
the administration's record
military build-up
The three comp
in the investigation are LTV.
Allied and .Anheuser-Busch
Thay er sat on the boards of all
three before joining the Pen-
^fhaytr. in a'Ktfe^eot re-
leased at the PentigDQ.
American soldirs
But he noted the defense "will
require a suhflanria) amount of
my time and attention" and said
be didn't w ant to stay at the Pen-
tagon unless he would do so
without distraction He told the
president he was leaving "with
the deepest regret"
In addition to the civil com-
plaint. government sources who there is no claim that be recetv-
declined to be identified said, ed any “financial profit from the
there is’also a. criminal in- questioned transactions "
vestigation focusing cm whether
false statements were %iade to
the SEC
In his reply. Reagan praised tied with Navy Secretary John
Lehman.
involved
On deficit spending. Fields said
be would be willing to give the
president the aithority to veto
line items in the federal budget t<
keep spending in hoe.
The national debt, less than |)
said
t
Fields said the risbig nation*
The Republican lawmaker ap1_ debt is threatening to undermtm
plauded the American invasion of the current economic wcovery
Grenada saying it presented the The solution to the problem b
formation of a "southern Cuba" not increasing tax revenue “J
near the oil-pfoducing nation of you send more m^ney b
Pf»f -4o- 4hs speech.- Ftpidr Fields
praised the actions of the Rev, :■
Jesse Jackson in securing the national'debt lies with the Home
release of Navy Lt
Goodman Jr. from
In the past year. Thayer has
bees involved in the fights over
the budget and has publicly bat-
Thayer for "a major program to
modernize every element of our
rmlilary—Jflrces and*-i>rep»C‘'«-wb«beP"?isrN
thereto meet the challenges of mstfc money -as Lehman
w anted Last fall. Lehman said
be was "sick and tired of spen-
Thayer has questioned
ofliMf
*5
formation
The responsibility for th* risug
associates permitting them to alleging that I improperly
buy or sell stocks and thus make divulged insider information
money as prices rose or fell concerning certain securities
after thg information w as before joining the Pentagon ..
publicly announced
Robert 0 of Representatives an! tie
captivity in Senate, not the presiden, ac-
• cording to Fields
Syria
Syria, Israel Endorse Lebanon Peace Plan
ANTIQUES
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JANUARY 7th & 14th
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TOWN & COUNTRY SALES
1902 N. PtUCTT
BEIRUT. Lebanon AP — Syria and Israel government authority from Beirut to less than
have endorsed a proposed security plan to one-third of Lebanon's territory. " said the of-
ficial. He said the presence of the multina-
tional force "is essential to see this step
through
Lebanese Prime Minister Shafik Wazzan
reported Tuesday that* his government and
leaders of the principal warring factions were
near agreement on the plan expected to be an-
nounced by this weekend
It calls for establishment of buffer zones in
Beirut's embattled southern outskirts and the
neighboring Chouf mountains. The govern-
ment plans to seek 800 observers from Italy
and Greece to police these zones.
“We are still far away from the ultimate ob-
jective of extending* state authority to
northern, eastern and southern Lebanon." the
official said. “So the notion that the forthcom-
ing security plan could mean an early MN'F
departure isn't valid ”
Lebanon's northern and eastern regions are
held by the Syrian army, and-Israel occupies
the south and southeast.
The Israeli occupation forces have been
coming under escalating guerrilla attacks,
and on Wednesday Israeli jets pounded pro- kgg
Iranian guerrilla bases in the Bekaa Valley | R*
Lebanese slate radio reported nearly 100
people were killed and 400 wounded - - "
It was the second Israeli attack in two days
on the guerrilla bases in the Syrian-Controlled
valley.
Most of the targets were strongholds of the IpAji
Islamic Amal Movement and the Hezbollah.
or Party of God — Lebanese extremist groups Ifejl
whose members are Shiite Moslems They are ||ij
supported by Iranian Revolutionary Guards K\/j
who preach Ayatollah Rubollah Khomeini s " "
brand of revolution.
The two groups were widely reported to be
involved in the truck bombings that killed 241
U S. servicemen and 58 French paratroopers
in Beirut last Oct, 23. and 29 Israeli soldiers
and 32 Arab detainees in Tyre on Nov 4. Both
groups have denied they were involved
d
separate Lebanon's civil war combatants and
establish a stable cease-fire. Lebanese of-
ficials disclosed Thursday
However, the officials said President Amin
Gem ay el would ask that the United States.
France. Italy and Britain keep their
* peacekeeping forces in Lebanon |p support of
the Dew plan, which would extend authority of
the government over much of the territory not
under Syrian or Israeli control.
Reagan administration officials have
voiced optimism that the proposed plan will
eventually mean U.S. Marines stationed in
Beirut can be removed
But one Lebanese official, who spoke on con-
dition he would not be named, said. “It is
wrong to assume that the plan, even if
thoroughly implemented, will make it possi-
ble for the multinational force to leave at any
forseeable future date."
The security plan is aimed at extending
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422-8101
AOIOSS ROM I-MART
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Ex-Intelligence Chiefs Moved
JLUUL
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SAN SALVADOR. El Salvador «AP i — Two Diplomatic sources quoted in published
former Salvadoran intelligence chiefs linked reports in the United Statesin November Sdeo-
with death squads have been reassigned tified Pozo and Marquez as being involved in
abroad following U.S demands for the exile of the death squads, blamed for the deaths of
officers suspected of involvement with the most of the 39.000 civilians killed in the four-
right-wing terrorist groups - * year-civi), war between leftist rebels and-the.
A government official, who »«*'■' to be U-S.-badgAfl!)lU’Tywfepk; ^ „
identifiedsaid Wednesday night that Lt Col U.S. officials say the squadsareeomposed
' -Aristides Alfonso Marquez, former National, in part- of off-duty or retired •touitary
Police intelligence chief, and Maj . Jose Ricar- members and financed by -wealthy
t do Pozo, former Treasury Police intelligence Salvadorans living in Miami and elsewhere
chief, were transferred out of the country
In another development. U S. special envoy The Reagan administration has said those
Richard Stone arrived in San Salvador on connected with death squads ought to be e5ol-
Wednesday to meet with President Alvaro ed and Vice President George Bush warned
Magana and other government officials. Stone,
% $*.«. .Lw ^ ivoinjI-raarsiSay to N^rOgisa to nieet' •
officials of the leftist Sandinista government. was not taken against the death squads
As Stone continued his peace-seeking mis- - Stone, in Honduras earlier Wednesday, said
sion, Salvadoran air force planes Wednesday be was hopeful a high-level diplomatic
bombed guerrillas positions in northern El meeting beginning Saturday in Panama may
Salvador and CIA-backed anti-Sandinista produce concrete ste^s toward, peace in Cen-
rebels pressed attacks in northern Nicaragua. traLAmerica. He praised vear-old'peace ef-
v The Salvadoran official said Pozo was forts by foreign ministers.
* ’ordered'W Paraguay, but be was not sure
whether Pozo was assigned as a military at-
tache at the Salvadoran Embassy or was
given a scholarship to study counterinsurgen-
. cy* He'said he did not know Marquez- destina-
tion
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Deaths & Funerals*
&tgtiitSHf'
' 1900 Garth Rd..
BRANDON ‘ La
Servicei for Mrs. Pone.
Richard Brandon. 74. of Serf ices are under
La Pone will be al II direction of Johnson
u.m Saturday at /-tor and Frazier Funeral
Hill Bapim Church in Home.
La Pone with lhe Rev,
Joe Durden official in*.
A 14-year La Porle1
residenl. Mrs. Brandon
died Monday in a '
Baytom hospital.
SKe is survived by Jour
daughiers, Dorothy
Brandon and Kalhryn
Lsans.txjlhofto Porie.
and Shirley Barnei l and
Helen (Jutland, bolh of
Baylown; and four
sisters, Helen Mtichell of >
La Porte, Sally Dose of j
Marlin. Lula Harris of \
Austin and Rebecca j
While of Caldwell.
Twel ve grandchildren.
12 great-grandchildren
and a host of nieces and
nephews also survive:
A stake will be coil-
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Brown, Leon. The Baytown Sun (Baytown, Tex.), Vol. 62, No. 057, Ed. 1 Thursday, January 5, 1984, newspaper, January 5, 1984; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1153916/m1/6/: accessed June 22, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Sterling Municipal Library.