The Hereford Brand (Hereford, Tex.), Vol. 85, No. 248, Ed. 1 Friday, June 20, 1986 Page: 1 of 10
ten pages : ill. ; page 21 x 13 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
The
Hereford BRAND
it
85th Year, No. 248, Deaf Smith County, Hereford, Tx.
25 Cents
10 Pages
en’s
ess
e
*
-ite
rt sleeve
I
Analysts expect slower price hikes
D
I-
Spy anticipates
appeals court
effort at the past several days to
(See MILLER, Page 2)
(See TAX, Page 2)
Local Roundup
\
a
citizens. CbUdran
The next rodeo wil be(Aug- 1M6
One arrest was made on a
warrant.
4
>
6
Xi
Borger bank
opens under
Weary Senate slates
Tuesday for tax vote
hort
nirts
★ Hustlin' Hereford,
home off Clarice McCaslin
Friday
June 20, 1986
rts
for
iris
n
n
7
700,
u m
820
Mother Nature's Wrath
Lightning bolts tickled the ground northwest of
Hereford Thursday evening, knocking out power in
parts of the city. Residents also reported power surges
and television interference. Almost a half an inch of
Police hear report of fight
Heretord police Thurnday heard reparts a a fight at the city pool
aad two amaults. A crtminal trespasding compiaint was aim Ned.
vgeleeve
3.99. Our
rtkxmen.
ong fail for
care Your
s14%-17%.
rain soaked the city, with reports of heavier rain
throughout the county. (Brand Photo by Shawn
Cockrum)
Pryo told his colleagues.
Dole also admonished fellow
h-
yW
97 each
97 each
97 each
97 each
97 each
our entire
is on sale
>d casual
theomce
m do it In
L
whittles stock of
legislation
Weather
THURSDAY'S HIGH: M OVERNIGHT LOW: a
MOISTURE: .a of an tech reported at SPAN W(
. Grand Jury indicts two
The Deaf Smith County Grand Jury indicted two individuals
Thursday. The subjects, ages, and charges are:
Isai Benitez, 17, murder (stabbing death of Angie Lindeman).
Tanya Lynn Martin, 28, theft at over $750.
new charter
BORGER, Texas (AP) - The First National Bank has new owner-
ship and is reopening after the previous company was declared in-
solvent and the institution’s doors padlocked.
A midafternoon order to close the bank came down Thursday from
the Comptroller of the Currency, prompting an extra edition of the
local newspaper for the first time in 23 years
The order closing the bank was posted at 2:30 p.m. and signed by
deputy comptroller Robert J. Herrmann The Federal Deposit In-
surance Corp. was declared receiver.
Later Thursday, the FDIC announced the bank would reopen to-
day under the name of First National Bank of Borger, a newly
chartered national bank subsidiary of First Borger Bancshares Inc.,
of Lubbock.
The bank failure is the 58th nationwide this year and the ninth in
Texas, federal officials said. Of the 58 failures, 26 have been among
banks with at least 25 percent of their assets in agricultural loans
The new bank will assume about $68.1 million in 9,000 deposit ac-
counts, has agreed to pay the FDIC a purchase premium of 6206,000
and will purchase certain loans and other assets for $48.3 million, the
FDIC said.
The FDIC will advance 622 5 million to the asssum ing bank and
will retain assets of the failed bank with a book value of $30.9 million,
officials of the agency said.
The First National Bank, chartered in 1948, had approximately $80
million in assets and 67 million in primary capital as of May 30, Herr-
mann said.
The closing of the bank came three days after the bank reorganiz-
ed its board of directors and announced the appointment of a new
president.
At the time of the reorganization, bank vice president Tom Dragoo
told the Borger News-Herald that the bank was having difficulty
with agriculture loans and also with some oil and gas loans
The local economy is heavily dependent on agriculture and oil and
gas.
The bank was one of four lending institutions in Borger.
The News-Herald responded to the closing with its first extra edi-
tion since President John F. Kennedy was assassinated in 1963, said
the editor, Glenn McCasland.
We used old war headline type,” McCasland said, with the
headline "FNB Shut Down.”
We printed 2,000 copies for street and rack sales," McCasland
said. The entire staff took part in producing the edition, he said.
It followed the normal press run of 9,000 copies at 1:30 p.m., Me-
Caslandsaid.
He said the decision was made ” because of the importance of the
bank’s relationship to the community and because we felt the
citizens of Borger needed to know as many details we could produce
as early as possible."
School board sets noon meeting
Hereford school board members will convene at noon Tuesday in
the administration building to consider a four-item agenda in a
special meeting.
The first agenda item calls for reports from the Pupil Services
Committee concerning a career information program and bond
uniforms. The second agend item is for possible action on those
items. Finishing the agenda are an appointment of an alternate
member to the Nuclear Repository Committee and the superinten-
dent’s report.
Deputies investigate theft
The Deaf Smith Coounty Sheriff's Offlce heard a report Thursday
at the theft of 1livestock. Forrest Blayock reported the theft of a steer
and a hefer valued at $1,200.
Deputies also recovered a vehicle that was stolen from Dimmit.
Deputies found the vohicis in the southwest corner of the labor
camp.
Commissioners meet Monday
The Deaf Smith County Commission will hold a regular meeting
Monday at 19 am. to discuss a transfer of funds in the county budget
and a resolution opposing provisions in the Tax Reform Act at 1M
Lxt.cm2 4.. Ae.nma AMlnctAmA na anametAa
relating to tax exempt OD8aUomnS or CounMes-
This resolution is being signed by commissioner courts throughout
the state.
The fund transfer will be from departments that may have a
surplus to those who may be low.
District Attorney Roland Saul will also be addressing the commis-
sion on the possibility of a new telephone system for the DA’s office
and Dianne Plerson will be reporting the Texas Librarians Associa-
tion’s annual assembly.
Juvenile probation officer Colleen Daffy will be asking for money
to be used for placement of juvenile offenders.
senators to curb their appetites for cent in May, the first hike in that
amendments, saying, "Sooner or computation this year.
later, you just have to pass it." Mary analysts suggest the rate of
Shortly thereafter Thursday night, inflation at the consumer level will
Dole and Senate Democratic Leader return to the range of 3 5 percent to
other reports tnclude Summerfield, 11 inches; Bootleg, 25; Nor-
thwart county, .65; Wertway, .85; Barter, JI; Mio Center, jth
Dawn, trace.
OUTLOOK: Party cloudy tonight with a ■ percent chance at
thunderstorms. Law in mid 60s. South wind 10 15 Saturday,
puffy cloudy and warmer w«h a Me near " Sou "ind M to 2
..
h
—
Senate is within striking distance of its 11th day of debate on the measure
giving its overwhelming approval to today, there were more than 60
landmark tax-overhaul legislation amendments pending, covering
that promises to cut the tax bills of items ranging from the treatment at
/
‘o
otyour
Robert C. Byrd of West Virginia 4.0 percent, where it was before the
struck a deal limiting the number of oil price dip.
amendments that will be offered and Under existing taw, Social Security
locking in the time for the final vote. cort-of-ltving increases are suspend-
"I'm wire well pass this hill hy an ed if the CPI drops below 3 percent-
overwhelming margin," Dole said as measured by the change from
After the the Senate completes ac- September of one year to September
tion, negotiators from the House and of the next.
Senate will meet to work out the dif- If this happens. Congress seems
likely to vote to waive the 3 percent
threshold
£349- gL XJ "SFLLFG
£2+919 Xog ’0 *
Auedmop UFJGIDFN xpdug
LOS ANGELES (AP) — Richard case against him. They rejected his
W Miller, the only FBI agent ever claim that his affair with • Soviet
convicted of espionage, faces possi- woman, Svetlana Ogorodnikov, was
ble life in prison but cheerfully an- part of his plan to become a double
ticipated an appeal of the guilty ver- agent and infiltrate the Soviet KGB
diet to his second trial. for the FBI
“Let’s say thank God for the court Jurors discounted Mrs. Ogorod-
dfandanlssataernmilingy“asynerwod Milersberamasseutertvinhgns
led out of court clutching folders of "I think hermotives were plain,"
legal papers between his handcuffed said juror Cathy Lamprecht. If we
found Miller innocent, she would be
innocent. She wm lying to ma tot.”
Miller, a 20-year veteran who Mrs Ogorodnikov, 36, and her hus-
worked in the counterintelligence band, Nikolay, 53. are serving
section of the FBI’s Los Angeles of- federal prison terms after pleading
flee, was convicted of spying for the guilty during their spy trial last year
Soviet Union U.S District Judge The 16 women and two men on the
David Kenyon set sentencing for Ju- jury deliberated 21 hours over four
ly M days before convicttag Miller on six
Jurors said Miller’s own admis- counts of espionage and bribery,
sions to FBI inquisitors before his ar-
rest Oct 2, 1964, had clinched the
WASHINGTON (AP) — The crease, prices so far this year have rose 6.4 percent, while restaurant Labor Department calculation
longest, sharpest consumer price declined at an annual rate of 1.4 per- meal costs gained 6.5 percent. amounted to an annual rate of 2.2
plunge in almost four decades ended cent. The largest food price gain was percent.
last month as rebounding gasoline By far, most of the increase in May posted for fruit and vegetables, As of May, the Consumer Price In-
prices pushed consumers' costs up was accounted for by a 2.5 percent which saw a 1.9 percent increase, dex stood at 326.3, meaning that a
0 2 percent, the government said to- hike in gasoline prices, which had But that was down from a 3.6 percent market basket of goods that cost $10
day. fallen 5.9 percent in February, 12 hike in April. in the base year of 1967 cost 632.63 in
Despite the May gain, the first in percent in March and 11.3 percent in Energy prices other than gasoline May — or 50 cents above what the
four months, most analysts still ex- April. showed continued declines, with same basket would have cost in May
pect prices for all of IM to rise no Food prices also rose, by only 0.4 heating oil and coal prices falling 4.4 1905.
more than 2 percent, virtually half of percent after gains on 0.1 percent in percent. Natural gas and electricity The index itself is not adjusted by
last year’s 3.1 percent gain. March and 0.3 percent in April. prices fell 0.6 percent. the government to remove the affect
Indeed, even with last month’s to- Grocery store prices themselves The overall May increase to the of seasonal factors, whereas other
key figures in the report - including
the monthly percentage change in all
categories — do reflect such ad-
justments
Both private and government
analysts said price declines appear
to have run their course.
The turnaround had been evident
in last week's wholesale price report,
which said that costs one stop short
of the retail level had risen 6.6 per-
WASHINGTON (AP) — A weary Nonetheless, as the Senate began
millions of Americans. income derived from raising
Senators have agreed to take a reindeer to low-income housing.
final vote at 4 p.m. Tuesday on the Following two consecutive
sweeping measure drafted by the marathon sessions Tuesday and
Senate Finance Committee. Amend- Wednesday, bleary-eyed legislators
ments were being considered today, decided Thursday night that enough
Monday and Tuesday. was enough.
“We’re down to hardly anything," "This is absolutely crazy,” said
Majority Leader Bob Dole, R-Kan., Sen. David Pryor, D-Ark., a frequent
said of the Senate’s time-consuming critic of the Senate’s eccentric work
habits.
If we “get more sleep ... we’ll
make some sense around here,”
Junior rodeo starts tonight
The Hertford Riders Club Young Riders Rodeo starts its first of
two summer rodeos tonight at 7 pm in the Riders Club arena.
Fourteen events will follow the grand entry, tonight and on Satur-
day night the IM rodeo queen will be announced. Vying for that title
are Kelly Burma, Brandy Meaner, and Sherri McQuigg.
Each night’s performance will include a free nick base race for
children under 9 yearn eM which will not the winner a belt buckle.
For those under 12-yearsold, a $5 prim to up for the free calf scram-
ble. ,
Admission to $3 for adults, n for children 6-12 years and for senior
dmentstothe
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Curtis, Jeri. The Hereford Brand (Hereford, Tex.), Vol. 85, No. 248, Ed. 1 Friday, June 20, 1986, newspaper, June 20, 1986; Hereford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1478075/m1/1/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Deaf Smith County Library.