The Nocona News (Nocona, Tex.), Vol. 70, No. 4, Ed. 1 Thursday, June 20, 1974 Page: 2 of 18
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Lelers To The Editor
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Frail Drive-In Theatre
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Otis Tettleton
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"Another Place, Another Time" composed and sung by Bobbie Gentry
FIREWORKS
Nere s another dood remson lo save at Hesperian
Con-
Tex.
Convention
I
Au
tor MOM
53
g
Conservation Contractor
is back home and ready to do business.
11
Brush Clearing and Deep Plowing
5
All kinds of conservation work.
Call 825-4869
CATEGORIES (A)
Stephens Brothers
$ 7,000.00
1 PUBLIC SAFETY
$
133, 690
MENT OF.
$11,000.00
$
1
STAMP
$
$ 11,000.00
The
Finance Commission
4 HEALTH
$
5 RECREATION
is
DIRECTORY
BUSINESS &
B LIBRARIES
$
$
$
PROFESSIONAL
$
$
$
$
$
INSURANCE-
Chief Executive Omficer
AGENCY
825-4824
Nocona
$11,690.00
$29,000.00
15 TOTALS
4
eyheeem
E
"KV,
7208
we hear of supply and demand or resource allocation from
people for whom the whole truth is just too much trouble.
Leonard
Insurance
Agency
Curlin, Sewell
& U sel ton
SAVE TIME!
SAVE GAS!
FOR SOUND
DEPENDABLE
PROTECTION
Beaumont July 26, Houston
August 6-7, Corpus Christi
August 22-23, Brownsville
AUSTIN,
stitutional
It's simple to use. To add to your present account,
just mail us your cbeck with your passbook or cer-
tificate. Your passbook or certificate PLUS your
free S&H Green Stamps and an envelope with pre-
paid postage for your next mail transaction will
always be returned the same day we receive it.
State
may
a time when laughing was easy. And laugh they did,
until they crossed the...
$__________
$1,690.00
$3,000.00
OPERATING/
MAINTENANCE (C)
TRADING
LIMIT? -
Mr. and Mrs. Dick McMahon
of Dallas spent Father’s Day
with his parents, Mr. and
Mrs. Ross McMahon.
year old to bat with a stror
eleven or twelve year ol
Foxworth-
Galbraith
Lumber Co.
Mr. and Mrs. Milton Buck’s
guests last week were their
son, Mr. and Mrs. Jay Buck
and Melody of Vega.
2 ENVIRONMENTAL
PROTECTION
3 PUBLIC
TRANSPORTATION
....$4.00.
... $6.00
SPECIAL
4-Foot Fence Sale
and Industrial Fence
COURTS SPEAK - A man
who entered a Fort Worth
hospital with a cut thumb,
fainted, fell off the operating
table and suffered a brain
concussion and loss of two
teeth is entitled to $7,211
damages, the State Supreme
Court ruled.
June 21-27
It was the Fall of’54
Star Fence Co.
'.Call Toll Free 928-22481K
.BELIEVUE.XAS ?
.... Editor and Publisher
Society and Personal News
............ Justowriter
/MACON
COUNTY
UNE j
PLANNED USE REPORT
GENERAL REVENUE SHARING
Danny Thomas
Fireworks
Stand located on East Highway 82
lust east of Nocona Boot Co.
Kbf
Ag35
t?id
$
$
A leader has two important
characteristics: first, he is
going somewhere; second, he
is able to persuade other
people to go with him.
THE GOVERNMENT OF
NOCONH CITY
ANTICIPATING A GENERAL REVENUE SHARING PAY-
THE NOCONA NEWS
Published Thursday of each week at Nocona, Texas.
Entered as Second Class matter at the Post Office in Nocona
Texas, under the Act of Congress of March 3, 1879 Second
class postage paid at Nocona, Texas 76255.
11 SOCIAL
DEVELOPMENT
13 ECONOMIC
DEVELOPMENT
14 OTHER (Specify)
erroneous reflection upon the character, standing
or reputation of any person, firm or corporation which ap-
pears in the columns of this paper will be corrected upon
due notice being given to the editor at his office. Correspon-
dence should be addressed to the Nocona News, Box 539.
Nocona, Texas 76255.
7 SOCIAL SERVICES
FOR AGED OR POOR
8 FINANCIAL
ADMINISTRATION
B MULTIPURPOSE AND
GENERAL GOVT.
10 EDUCATION
If you do not have a savings program with Hesper-
ian Savings, just call us or write and we'll send
you a simple form to open the type of account that
will serve you best. We'll make your money work
harder for you with highest interest rates the law
allows us to pay on our accounts.
Edgar R. Hays ......
ton. Edgar R. Hays ■.
Mrs. Marzie Crenshaw
FIRE ~ CASUALTY
EXTENDED
COVERAGE
AUTO — BONDS
Qfice Phone 825-6371 |
1974/
WALKER GUESTS
Mr. and Mrs. Glenn Wal-
ker’s guests Thursday were
Mrs. "Hogue McDonald and
Mrs. Nora Douthitt of Bowie,
Mr. and Mrs. Charles Lucas
of Chicago, Illinois. Satur-
day Mrs.- McDonald accom-
panied her daughter and hus-
band to Chicago, for a months
visit.
HiqhHqh+s
, "Sidelights
9. by Lyndell Williams
Eedarummevwrvwereuryaimzmm
Your
Home Improvement
Headquarters
BOBBY ELDRED, Mgr.
SUBSCRIPTION RATES
1 year in Montague County ............
1 year outside Montague County ......
of all kinds on sale through
July 4th.
Ee
FOR THE FIFTH ENTITLEMENT PERIOD, JULY 1,1974
THROUGH JUNE 30, 1975. PLANS TO SPEND THESE
FUNDS FOR THE PURPOSES SHOWN.
y ACCOUNT NO. 44 2 169 003
NOCONA CITY
MRYOR
101 COOKE ST
NOCONH TEXAS 76255
General Revenue Sharing provides federal funds directly to local and state governments. The law requires each government to
publish a report of its plans for the use of these funds to inform its citizens and to encourage their participation in deciding how
the money ought to be spent Within the purposes listed, your government may change this spending plan.
igust 30, El Paso Sep-
ber 20, Midland Sep-
(E) ASSURANCES (Refer to instructlonB)
I nssure the Secretary of the Treasury that the non-discrimins-
don end other etetutory requlrements Hated In Prrt E of the
instructiona-eceqpaporhg this report will be compiled with
by thipKcipiAAthpernient y?h respect to the entitlement
tMHESPERIAN
meveL SAVINGS
101 E. rondwey. Qainesvilte. Texas 7*204
Rim (817) 685-3486
Mr. and Mrs. B. F. Nichol-
son’s guests Tuesday were
Mrs. Pauline Windham and
Jerry of Dallas.
Use Hesperian's convenient save-by-mail service
and save your gasl Save ti.ne, too. This service
makes Hesperian as close as your mailbox.
ban use of trading stamps
and other inducements by
savings and loan associations
to help attract deposits.
The panel's savings and
loan section is scheduled to
rule on the long-standing
issue June 22.
Opponents argue the
regulation would curtail
advertising by savings and
loan associations, would not
benefit consumers and would
be meaningless to federally-
chartered institutions.
An earlier version of the
proposed regulation included
an exemption for
associations competing with
other financial institutions
which offer stamps and other
----titi 3iAS5VTMEMBER
June 1,1974
(DI The newa media have been advied that a copy of X
this report hes been published in a local newspaper of general
circulation. I have records documenting the contents of this
report end they ere open for public acrutiny at_CityHall.
101 Cooke St. Nocona, TexM 762$$
I IFIRE
delegates are entering the
make-or-break last laps of
their work.
Delegates last week
completed first-draft ap-
proval of the proposed new
state charter after final
PLANNED EXPENDITURES
CAPITAL (B)
longer. Most parents and
some coaches do not realize
submitted to voters.
The Submission and
Transition Committee will
serve as a kind of conference
committee, seeking com-
promises which can rally
approval of the necessary
majority of delegates.
After months of stormy
debate and close votes, the
convention began to receive
praise from many quarters
for its efforts to improve the
1876 constitution.
Kind words were still
being withheld by the
governor, however. Aides to
Gov. Dolph Briscoe said he
would “find it very difficult”
to support the revision in its
present form, because
recommended changes in-
fringe on gubernatorial
powers in areas of veto and
calling special legislative
sessions.
3: J
tague Water Supply District, delegates.
The water is for the purpose At this stage, the
of filling Leisure lake on the document and related
big development and also the separate-submission items temt
smaller lake on the golf I ... • MUi 1. vemi— —’ -------F
course. Plans are to keep (like right-to-work) must be tember 26, Amarillo Sep-
Leisure Lake at a constant approved by a two-thirds tember 27 and Longview
level. majority (121 votes) to be October 2.
The North Montague County
Water Supply District will al-
so be paid for rainfall water
caught by the development by
their dam on Barefoot creek,
which makes Leisure Lake.
The Water District has been
selling water to the develop-
ment for sometime for their
golf course water hazards.
The dam is almost com-
plete on Barefoot Creek ’
12
agreement on the delayed
Permit Granted President Price Daniel
Jr. said he hopes all articles
To Development witrdbrezungedtagrug the
— ■■ • a end of June.
For Lake Water , After that, the
The State Water Rights document will .g0,to the
Commission has granted a convention’s Submission
permit to Lake Nocona Acres, and Transition Committee,
Inc., for 246 acre feet of wa- which will wrap up all
ter from Lake Nocona under proposals in package form
WASTE HEARINGS SET
— Texas Water Quality
Board has scheduled 12
public hearings over the
state to explore problems
concerning disposal of in-
dustrial solid wastes, a
controversial issue.
The first hearing will be
held July 11 in Fort Worth
with the final one in Austin
October 24.
Other hearings are
slated for Dallas July 12,
Port Arthur July 25,
a contract with the North Mon- and return them to
3^
160y2
--250
The hgh court held a
Houston ironworker should
get workmen’s compensation
benefits due to-inhalation of
lead and zinc fumes.
The Court of Criminal
Appeals held that a
policeman who sees a driver
making a movement before
stopping is not justified in
searching the traffic of-
fender’s car.
The Court of Criminal
Appeals ruled a common law
husband is entitled to have a
jury pass on whether he was
justified in killing his wife's
loverj'
in regard to the column in how much work goes into run-
last week’s paper about how ninga Little League program,
our Little League organiza- The coaches can not continue
tion is operated, I do not agree to carry the full load much
with the comments at all. I longer. It is getting harder
believe every boy should earn every year to get coaches
his position on the team. I and umpires. I think we have
believe it is too dangerous the best playing field and fa-
for the average eight or nine cilities of any Little League
premiums.
Savings and loan
associations are divided on
the issue. Several consumer
groups have indicated they
will offer testimony in op-
position to the proposal.
Remembering
The Oil Companies
(An Editortai)
By Jack McGaughey
in this season of shortages, there is another seldom
mentioned shortage which dwarfs the rest, and that is the
shortage of even halfhearted efforts by the national broad-
cast media to attempt fairness toward the oil industry.
You’ve heard it for months now: NBC plays two minutes
of Sen. Jackson’s shock that someone is making money and
then cuts to a newsman who informs that oil companies may
see things differently. Next story. At the risk of clarity,
let’s look closer.
Note first that the media always confine themselves to
announcing profit increases. To announce what profits in-
creased from would spoil the effect. If one made a 2 per-
cent profit one year and a 4 percent profit the next, that’s
a 100 percent increase in profits, however rotten may be a
4 percent profit. The news viewer with a mouth full of
mashed potatoes may be forgiven if he hears “a 90 per-
cent increase in profits” and thinks “a 90 percent absolute
profit”; the media cannot be for encouraging him.
So, consider the evil profits. In the 10 years prior to
1973, oil corporation profits steadily declined, until they
reached an all time low in 1972, with refineries earning
a 6.7 percent profit. Profits in 1973 were, indeed, ex-
cellent; and they brought oil profits onto a par with the rest
of industry, so that the oil industry as a whole ranked
seventh out of 10 as a profit maker among major American
industries.
Even with the excellent 1973 profits — according to the
Federal Energy Office, a 13.2 percent composite return
on equity (slightly below the rate of return on equity for
all industry) — it’s difficult to be outraged by them. More
specifically, profits averaged 7 1/2 cents on every dollar
sale, which is less than the national average for all manu-
facturers. And remember, profits pay for dividends pay-
ments, reinvestment, exploration, refineries, supertankers,
etc. Keep in mind further the average cost of an Alaskan
well is $2 million, that offshore wells average $1 million
and that onshore wells cost about $500,000 each.
To be even more specific, Mobil’s profit per gallon last
year was less than two cents, meaning that it wouldn’t
substantially affect oil prices if all profits were removed.
Incidentally, the tax paid on gasoline is several times
higher than the producer’s profit.
But, say the skeptical, isn’t the industry monopolis-
tic? Well, the largest U. S. marketer of gasoline sells
about 8 percent of all that’s sold here; and the largest oil
and gas producer, according to the August Sunoco News,
accounts for only 10 percent of total production. Ac-
cording to the Federal Energy Office, there are 10,000
producers, 130 refineries, 15,000 independent wholesale
distributors, and more than 300,000 gasoline retailers.
The average motorist can choose from 28 brands. The top
eight refineries produce 60 percent of our refined pro-
ducts, and competition would likely be a good deal stiffer
were it not for taxation that hinders small and newer
firms from entering the market.
If the large companies are trying to squeeze out the
small operators, they’re failing miserably. A Senate staff
study reveals that in each of the three years ending in
1971, independents gained an additional 1.5 percent of the
gasoline market. Even in 1972, only one of the top 10 oil
companies increased its share of the market.
Lastly, the profits being made by the industry are prob-
ably insufficient to insure adequate supply. John Winger of
the Energy Economics Division of Chase Manhattan Bank
says flatly that the net income of the industry over the past
decade and a half has been too small relative to capital needs.
The 1973 profits, he says, will fall a billion dollars short
of a sum adequate to cover capital expenditures. He
estimates that industry will require a 70 percent increase
over ’73 earnings to provide for exploration, refineries
and other capital expansion.
While we’re at it, note that oil exports didn’t create
the current problem. Before the Arab oil boycott, the
average daily import was 5.8 million barrels — 24 times
our exports, which consist mostly of petroleum coke and
specialty items such as high quality lubricants.
So there. You aren’t likely to get such information
in media geared to quick emotional response. ' Nor shall
organization in this part of
Texas. It takes a lot of hard
E. J. Johnson Mayor
Name a Title— Pleeee Print
pitching. I have seen too work to keep it that way,
many younger boys get hit by especially when only three
a wild pitch, and then be afraid or four people are willing to
of the ball for the rest of give of their time and effort
their Little League career, to do the work that every-
Most parents do not under- one should pitch in and help
stand how serious they could do.
get hurt, mentally and phy- My wife and I would like
sically. If we had enough to thank everyone who has
boys and coaches we could helped in any way these last
have a pee wee league and years with our program, es-
all the boys could play more, pectally to the men who have
But we don’t have enough of been willing to umpire our
either one. If these parents games. Also our thanks goes
would come and watch our to the many mothers that have
work-outs, they would see how helped in the concession stand
much of a disadvantage their the last three years. And a
younger boys have competing very special thanks to Bill
against older boys. Yeargin and the city em-
This is my 6th year of ployees who have helped in
coaching and when my No. 1 so many different ways each
and No. 2 sons were young- year to get the field ready
er I did not want them bat- to play on.
ting against a twelve year These six years have been
old pitcher. They sat on the very rewarding to me as a
bench like most eight and coach, I hope in some small
nine year olds have to, and way the boys have enjoyed it
they were perfectly content, as much as I have. All of
I think most parents are much the boys in Little League will
more discontent and discour- always have a special place
aged than their sons. All in my life. I hope more than
boys that are playing now have anything that I have helped
had their turn on the bench, each boy that I coached to
I also believe that eventhough have a bright outlook on life
a boy is twelve years old, and to always remember that
it doesn’t mean he still don’t all through life it is a chal-
have to earn his position on lenge and a fine thing to com-
his team. pete with each other but
If more people do not get whether we win or lose the
more involved and concerned most important thing is that
about our young boys in No- we have played fair and been
cona, we are not going tohave a good sport.
a Little League program much Thank You,
probes of TWQB, with
special attention to its
procedures in processing
applications for waste
disposal sites are scheduled
to begin after the Con-
stitutional Convention
adjourns.
Legislative committee *■ ............................ ।
---------------------------------- 5
Jake McLemore
201 West Kansas Anadarko, Okla. Phone (405) 247-6.11
obedeeseccocoooooooooooooocoooooooooooc
AET"'"'. ....... Z..' L,' ■ "I! ---- ~ --------- ■
Samue, Z Arkoff presents a Mai Baer production Macon County Une
^^'"2 CherylJYaters Geoffrey Lewis Joan Blackman Jesse Vint and Mai Baer
Stu Phillips Roger Camras Mai Baer Mai Baer and Richard Compton Mai Baer
aewe » Richard Compton color by CFI an American International release
, 7
H-
STATE CAPITAL
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2,.
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Hays, Edgar R. The Nocona News (Nocona, Tex.), Vol. 70, No. 4, Ed. 1 Thursday, June 20, 1974, newspaper, June 20, 1974; Nocona, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1493646/m1/2/: accessed July 10, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Friends of the Nocona Public Library.