The Hereford Brand (Hereford, Tex.), Vol. 85, No. 197, Ed. 1 Thursday, April 10, 1986 Page: 2 of 12
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Page t-Tbe Hereford Brand, Thursday, April 10, 1966
At Wednesday's meeting
State
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Loan loss provisions Increased
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up .15 at 268.00.
Advancing issues outnumbered
The price of crude-oil futures for
million shares of Navistar Interna- May delivery moved higher in early
activity today on the New York Mer-
tional at 10.
sessions to 43.11 points.
million in the previous session.
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Lone Star Law
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long-arm law
FFA members
Obituaries
Mexico Is got $574 million loan
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Supreme Court
to review
On Wednesday the Dow Jones in- declines by almost 3 to 2 on the
dustrial average rose 8.86 to 1,778.62, NYSE. Big Board volume totaled
bringing its gain over the past two 156.25 million shares, against 146.29
Outstanding Lions Club
Donald Hicks, Hereford Lions Club presi-
dent, holds a plaque honoring the local
members for having the outstanding club
in District 5. Sid Shaw, right, district
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CAPE CANAVERAL, Fla. (AP) — Challenger's crew cabin sur-
vived the shuttle breakup and nine-mile plunge to the ocean, but the .
seven astronauts probably died the instant the spacecraft began fall-
ing apart, experts believe.
A federal safety investigator told reporters Wednesday that the
nose section containing the cabin broke cleanly away from the rest
of the spacecraft and was intact until it struck the ocean surface,
shattered and sank.
The crew probably died when the orbiter was subjected to very
high gravity forces as it was tearing apart, said a source close to the
investigation of the Jan. 28 explosion who spoke on condition of
anonymity.
He said the orbiter was Jerked violently to one side after a booster
rocket broke loose at its lower Joint and swiveled, turning its flame
onto the external fuel tank, freeing its liquid propellants to mix into a
raging fireball.
Since it was not known the precise point this occurred, it raises a
question whether the astronauts lived one or two seconds, long
enough to know something terrible was happening.
Even if the crew had survived the violent maneuver — a slim
chance — gravity and aerodynamic forces from the first cabin tum-
ble would have killed them, the source said.
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Wagon train hits halfway point
FORT HANCOCK, Texas (AP) - The Texas Wagon Train is roll-'
ing across the dusty plains of West Texas at the halfway mark of the
statewide tour.
“We’re exactly on schedule. We’re out in West Texas and will be in
El Paso on Saturday, train spokeswoman Lou Mallory said Wednes-
day.
The West Texas heat and dust hasn’t been a problem, said
Mallory, who joins the trail ride every weekend.
"They’re pretty prepared,” she said. "We’ve been generally leav-
ing at the same time every day (8 a.m.). We travel between 15 and 30
miles a day.”
Because of the higher West Texas temperatures, the train might
stay at a water break a little longer, but Mallory said the area hasn’t
been too hot yet.
On Wednesday, the wheels of the trains 40 wagons and its 55 horses
came to a halt for a rest in Fort Hancock, about 60 miles southeast of
El Paso.
The wagon train rolled out January 2 and is circling the state with
covered wagons, horseback riders ad recreational vehicles. The
trail ride ends July 20 in Fort Worth.
secretary, presented the plaque to the club
following the award presentation at the
Dumas convention the past weekend.
(Brand Photo)
THE BRAND was established m a weekly te
February, INI. converted ta a semtweekiy in
INI, to live llam a weak aa Jaly «, IWS.
Publieher
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NeWS Roundup Formby speaks on AP, Lions top in district
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DALLAS (AP) — Dropping oil and gas prices prompted Texas
American Bancshares to strengthen its loan loss provision by $44
million, resulting in an anticipated loss of more than $20 million for
the first quarter, the company announced.
The increased provision brings the total to $84 million and will
result in a loss of $22 million for the quarter ening March 31,1916, the
company said Wednesday in a news release.
The Fort Worth-based company, which holds most of its assets in
the Dallas-Fort Worth area and Central Texas, said the increased
provision was made because of dropping oil and gas prices. The loan
loss provision was based on an average expected oil price of $15 per
barrel.
The company's board of directors approved a reduction in the
regular quarterly dividend from 38 cents to 25 cents per share, effec-
tive with the next dividend payment in July.
Meanwhile, National Bancshares Corp. of Texas Wednesday an-
nounced earnings of $3.2 million, or 27 cents per share, for the first
quarter ending March 31, 1966, compared with $6.8 million, or 56
cents per share, for the first quarter of 1965.
The reduced earnings are due primarily to a provision of $10.9
million made to the company’s reserve for possible loan losses com-
pared to a $4 million provision for the first quarter of 1995, the com-
pany said.
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Clint Formby, KPAN Radio and a
director of the national Associated
Press board, spoke on media
credibility when he presented a pro-
gram for the Hereford Lons Club
Wednesday in the Community
Center.
"Despite some problems, our
system of freedom of speech and
communications is the best in the
world, by far,” Formby told Lons.
Formby, who is the only broadcaster .
from the southwest who serves on the I
AP board, will soon meet with direc- I
tors in San Francisco. I
Formby was with an AP group that I
visited Cuba in 1964, and a group is I
scheduled to visit Moscow this fall I
following a board meeting in London. I
His impressions of the trip to Cuba I
dominated the program Wednesday. |
"Cuba is a conduit from Russia to I
the Western Hemisphere, and the I
ideology is apparent everywhere,” |
said Formby. He said Cuba had I
made great advancements in educa- I
tion and medicine, but there ap- I
MEXICO CITY (AP) — The World Bank agreed to give Mexico
four loans worth $574 million, mostly to help it recover from last
fall’s devastating earthquakes, the government announced.
The Treasury Department, in a statement released late Wednes-
day, said Treasury Secretary Jesus Silva Herzog signed an agree-
ment for the money with officials of the World Bank in Washington,
D.C.
The loans are the result of a series of negotiations Mexico has
begun to try to win at least $4 billion in fresh money from outside
sources this year to help it with its financial woes.
The nation, which owes $66.4 billion to foreign creditors, has been
badly battered by the collapse of oil prices in the international
market. Mexico depends on sales of its crude to foreign buyers for
about 70 percent of its export earnings.
President Miguel de la Madrid has said the sharp fall in oil prices
will cost the nation $6 billion this year, abotft half of what the govern-
ment had expected to earn from crude sales.
In the statement. Treasury said the fresh loan package from the
World Bank included $409 million earmarked for the National
Reconstruction Program, which was set up after the Sept 1649 ear-
thquakes that killed more than 9,500 people and destroyed or damag-
edanestimateda, buildings.
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Board set for big
crowd at hearing
AUSTIN (AP) - Texans upset w. Kirk McCord of Dallas, director
with proposed state rules for private of the Texas Home School Coalition,
schools converged on Austin for to- McCord and several other groups
day’s State Board of Education com- opposed to the proposed rules held a
mittee hearing. ,, . Wednesday news conference at the
“Private schools, including home Capitol. The groups planned a rally
schools, have flourished in Texas today before the committee’s public
with minimal government regulation hearing.
and have consistently turned out The proposed rules would set stan-
superior academic products,” said dards for teachers and curriculum in
r
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The block Included a 43.49 million- cantile Exchange.
share secondary offering sold by in- J.P. Morgan, which reported a
stitutions that had acquired the stock sharp increase in first-quarter earn-
when the company, then known as Ings on Wednesday, climbed 2% to
International Harvester, underwent 80%.
a financial restructuring in 1963. International -Business.Machines
. Navistar shares subsequently was unchanged at 149%. IBM’s,
traded at 10%, unchanged from report for the first quarter* (s 'ex-J
Wednesday’s close. pected Friday.
In the general market, analysts The NYSE’s composite index of all
said investors seemed to be pro- its listed common stocks rose .10 to
ceeding warily because of uncertain- 135.13. At the American Stock Ex-
ty over the future course of oil prices, change, the market value index was
peared to be little construction in a everywhere, and a government of- Shaw presented the plaque to club
number of years. “It doesn’t even ficial told us his country expects a boss Donald Hicks.
seem that any buildings have been U.S. invasion within the next few In another presentation, Hicks
painted during the Castro regime.” years.” presented pens to Larry Alley, Mark
Formby said most of the cars in In other business Wednesday, the Andrews and Weldon Dickson for
Havana were 1965 to 1969 American club received a plaque for being outstanding work on the pancake
models, although there were a few named the top Lions Club in District supper and auction project held
newer cars from Communist coun- 5. The announcement came at the recently. Lion B.J. Gilliland urged
tries. “The hatred of Reagan and the district convention in Dumas last Lions to get ready for the annual
U.S. military was reflected week, and district secretary Sid Garage Sale, slated May 10.
carriers................."mt
memnsnmdeonesi J attempts to in- a Class A misdemeanor unless the Malaga, but sources said that could warned that the hearing, although
fluence a Sse Jvant^a specific coercion is a threat to commit a happen as early as today. moved to a University of Texas
exenisePhisShsromrcinipsperr felony, in which event it is a felony of The carrier America, meantime, auditorium, would be crowded.
eercrsecornsihernootficipnpoweroorthethirddegree left the port of Uvomo, Italy, as "Once the auditorium is filled, no
a specific performance of his/her of- PUNISHMENT scheduled Wednesday. That ship was one will be allowed in except for
Class A Misdemeanor: Any in- to remain under way at sea in- reporters with valid press creden-
dividual adjudged guilty of a class A stead of heading toward a second tals, the agency said in a release,
misdemeanor shall be punished by: port call in Cannes, France, the Many politicians, including GOP
(1) a fine not to exceed $2,000. (2) sources said. gubernatorial candidates Bill
confinement in jail for a term not to "It has become clear over the past Clements and Kent Hance, are ex-
exceed one year, or (3) both such fine 24 hours that we’re going to keep our pected to attend the pre-hearing ral-
and imprisonment. options open for the moment by keep- I
Felony Of The Third Degree: (a) ing two carriers over there,” said
An individual adjudged guilty of a one source.
AUSTIN (AP) — The state felony of the third degree shall be If a military strike is ordered,
Supreme Court agreed Wednesday to punished by confinement in the sources said, the Navy will have a e eAmmA*A
review whether lawsuits against out- Texas Department Of Corrections total of 21 combat ships at its I• KWIHETe
of-state firms under the 1959 Texas for any term for not more than 10 disposal, including the two carriers
Long-Arm Statute must be personal- years. and five, amphibious landing ships Eighteen Hereford Future Farmer
ly served on the Texas Secretary of (b) In addition to imprisonment an filled with Marines. The sources of America members will be among
State. individual adjudged guilty of a felony stressed, however, the Marine task about 2,000 students competing in the
The question arose in a default of the third degree may be punished force was not part of the Pentagon’s 58th annual FFA Judging Contest on
judgment of over $260,000 against by a fine not to exceed $5,000. contingency planning. Saturday at Texas Tech University.
Fleming Manufacturing Co., Inc., of munumuauumumusmauuumsuaumumumuuiumuuumuumuuummumuumummnmumuumumuumouummummn Hereford’s teams will be entering
Missouri. ""ilI contests for livestock, dairy cattle,
Fleming, according to court amm • ■ • dairy products, land and meats,
records, sold a brick mold to Capitol (D Be ■ * ■ ■ Aa Ml ■ Mhe The contest is a state qualifying
Brick, Inc., and a dispute arose with "W• I WK •K event.
Capitol filing suit in Austin for mmMmMMtHiimi.....---........ - -
damages. MARIA LISCANO after a lengthy illness. , "um
Capitol alleged that Fleming was Maria Liscano, 20, died Wednes- Funeral services were held at 3:30 The Hereford Brand
an out-of-state corporation doing day. p.m. Tuesday in Ellis Funeral Home TFHEREPonnRATX"
business in Texas without a regular Services will be held at 10 a jn. Fri- Chapel in Midland under the direc- pubmished "57?” usnturua03.1
place of business or a designated day at San Jose Catholic Church with tion of the Rev. Bob Porterfield, t Thanksgiving my, Christmas Day and‛N«
agent for service of citation, and ask- Father Joe Bixenman officiating. pastor of the Kentucky Street Baptist Year: Day, by the Herelord Brand, ine. m N.
ed that Fleming be cited by serving Burial will be at St. Anthony’s Church of Midland. Lee. Heretord, Tx. two Second class postage
the secretary of state. Cemetery. podratsthenpostuaollict.in Hereford T.
The 3rd Court of Appeals in Austin Liscano was born in Dimmitt and Mr. Scott, was born Aug. 31, 1949, H (M Brama 58 chaneou I
said a copy of the citation was had lived in Hereford 20 years. She in Hereford where he was reared. He 8" B "eretord ™
delivered to an employee of the cor- was a member of San Jose Catholic graduated from Hereford High SUBSCRIPTION rates: Home delivery by ear
poration department in the secretary Church. School in 1967 and moved to Midland rlerinHereford,m.95monthiuswichtaxbsone
of state’s office but not to the Survivors include her mother, in 1972. He had been employed with
secretary of state, as required by Juana Liscano of the home; six The Rack for four years. countles,iniss.z0,year;miitotheFarena,
law. brothers, Santos, Luis, Frank, Sarwiyrinci.on ..C. MtmHuiwiteioi.
"While such inconvenience is Toribio Jr., Juan, and Ruben, all of osurivorsinludezassonejaySot TE BRAND is a member of The Asoeiated
regrettable, it is unavoidable until Hereford; four sisters, Julie Etta pmidandiiadaug hte SheaS tof Ppasiwblehairamxclustvelxaanuedie mter
and unless the Legislature sees fit” Galan, Sara Cevallos, Idolina Moody of Hereford1 two brothers newsppetamanilolkcinemsdpubithekerehh
to amend the taw, the appeals court Ramirez and Blanca Barrientos, all ArLI s terorn‘ ‘w® atnn All riehu reserved for repubilation 0
said in reversing the trial court judg- of Hereford; and her grandmother, srin 6 Sotn anyonaand.” pidon dispatehes.
Montgomheryton
The Supreme Courton Wednesday LEWIS RAY SCOTT Nev.
Eranted Copitolsmotion forwrit.of The family requests that O.GNleman
error and set oral arguments for Ray Scott, 36, of Midland, died Mon- memorials be made to the Kidney MniSistgomen,
Apru-* day morning in a Midland hospital Foundation. Charlene BrownloW
Waldheim's son denies allegations
WASHINGTON (AP) - The son of former United Nations
Secretary-General Kurt Waldheim is pleading his father’s case with
U.S. officials, attempting to put to rest allegations of wartime com-
plicity with Nazis in atrocities against Yugoslav partisans.
Following a half-hour meeting Wednesday at the Justice Depart-
ment, Gerhard Waldheim said his father “has an impeccable anti-
Nazi record” and faced death if he had objected when drafted into
the German army during World War II.
The 38-year-old Austrian banker is trying to persuade the United
States not to place his father on an immigration "watch list” that
would bar him from entering the country.
Kurt Waldheim, 67, is in the midst of an election campaign for
president of Austria, his second bid for the presidency.
Waldheim served as U.N. chief for 10 years, but was blocked in his
1961 try for an unprecedented third term by China, which insisted on
a Third World candidate and vetoed Waldheim during 16 in-
conclusive rounds of Security Council balloting.
His father’s "credibility is definitely not ruined,” Gerhard
Waldheim told reporters. “We feel that we have clarified ... (the
allegations) completely in Austria. The clarification ... in Austria
has not gotten here.”
Astronauts probably died Instantly
9
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Curtis, Jeri. The Hereford Brand (Hereford, Tex.), Vol. 85, No. 197, Ed. 1 Thursday, April 10, 1986, newspaper, April 10, 1986; Hereford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1478024/m1/2/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Deaf Smith County Library.