Brownwood Bulletin (Brownwood, Tex.), Vol. 72, No. 11, Ed. 1 Wednesday, October 27, 1971 Page: 3 of 20
This newspaper is part of the collection entitled: Brownwood Bulletin and was provided to The Portal to Texas History by the Brownwood Public Library.
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Wednenday. Gctober n. 1971
BROV.NW000 BULLETIN
1 21, ISM
A.)
Xt Sundav 15
«cCulloch and
ATEDPRE5S
A
1
1
1;
MUNITY
Williams.
। Bulletin Photo ।
6
JEANS
AND
Pants
AT A
Jeans and Mens Slacks.at
SPECIAL PRICE
Gladys
Carleen
Duncan
Men s Sizes 34 to 44 waist.
This
Thursday,
Friday,
SAYS HOUSTON STORY
Saturday
3 1
00
7
Fantastic Fabric
Group I
-8
IL
4
CLEARANCE
E
said insurance records in Texas his personal financial affairs."
222
When asked if he had guaran-
and Arkansas reveal.
A
eLFOLkS
5- pin-um
4
1
Z
8x10 in.
three-member minority seeking lieutenants in the House, have
. control of the foundation.
Group III
3)
St. Mary Hall
99$
$
Beg
Chichen
M-
Thursday; 10-1, 2 to 6
ANO
OPEN 'TIL 9 P.M. THURSDAY
Friday and Saturday
ETC.
de chard
H
AG wants Moody removed
as trustee for foundation
Tremendous Savings. Values
to $14.00, Young Men s Sizes
27 to 38;
• Bonded Acrylics
• Turbo Acrylics
• Bonded Vinyl
FOOD AND
BAKE SALE
Tops
and
AL
S
FAMOUS BRAND
Nylon Hose
The 1970 suit accused trustees
S. Marcus Greer and James
Thursday, Oct. 28
IO N A M.
HOLSE OF SIX GABLES - These Bangs
High Sehool students are officers this
semester of the Future Farmers of America
chapter here. Left to right are vice president
1
$
Jewell
mmins
Mist, Taupe Mist Blonde Colors in
Famous Brand. We can't mention
name, but you'll recognize it
immediately.
Terry Newton, president Randy MeVay,
treasurer Jerry Lehman, secretary Hollis
Rase, reporter Billy Jones and sentinel Mark
• Playground Denim Look
a Country Club Prints
• Pusant Prints
Spaghetti
Paean
Pio
Ison.
Hasley.
A
Homemade
Dread
sday
Jodie Lin
ah Bessy
rete; BiUy
urn Bien
uel Wade
Delyn, to
Lenward
, Oct. 25,
munity
grand-
A Duck-
Paternal
and Mrs
De Leon.
Hershel
and Mrs
inie, Oct.
11 grand-
irs. A. R
wnwood.
i are Mr.
1 of May
Mrs. P
wnwood
other is
i wnwood
day
Kelissa
Theresa
Faye
Joyce
II Clifton;
illiam D.
Hearne.
Sandra
district but said he could give no
“ estimate of the contributions he
( has received from Day.
Haystack Scramble
SATURDAY MORNING 10 A.M.
$699
DR MERLE M ELLIS
OPTOMETRIST
Giasses, Contact Lenses
308 citizens Sank
Dial s« tin
Hat and Frozen
Chili
86, On
NG Ca *•
s1eei Second
* BRING A FRIEND!
Studio Hours 10-1; 2 to 7:30
7*-30
To Buy-Build-Refinance
Smith Bell
Dell Mortgoge &
Investment Ca.
Suite 200 First National Big
)
FHA-GI
MORTGAGE LOANS
7
Huge group of young men s
).
u
J117,
(”
‘©
Y
I
A p'
$100.00 in change will be placed into two haystacks, one tur
kids 2-6 and one for kids 1-12. At 10:00am. the kids will be
allowed to scramble in the stacks and find all the'money that
they can The kids keep the money they find.
Halloween Costume Contest
SATURDAY AFTERNOON 2 P.M.
ENTER COMMERCE SQUARE'S HALLOWEEN COSTUME
CONTEST aadyin free prizes There will be 2 Divisions
(2 6 years and 7 12 years) and prizes will be awarded to the
' . best dressed in each Divisian. First Prizes $10. Second Prize
$5 '
799
k
/
r <1
71 11
H26
p
Z--1
been indicted on bribery
Group II
•Vevelteen Short Lengths
• Kettlecloth Prints
* Country Club Quilts
• Ranch Denims
* Cloths 166
We’ve made a large special purchase of washable tops and pants
in a bevy of styles and colors. Tops 32 -40 . pants 8 -20 average
and tails.
1’7
E: Infor-
n released
atient or
7-
' 33
/
Ej
i, 15- N
22,4 III" •
61V
.3
k V
Mutscher said he had neither teed a $90,000 loan to McGinty LykesJr., both of Houston. Paul
sought nor accepted the direc- by Shearn Moody Jr.'s private Haas of Corpus Christi and w.
torship. - Galveston bank. W. L Moody & j Moody IV of Galveston of
But his election to the board Co.. Mutscher declined to an- "many serious acts of im-
came two months after Mut- swer. the Post said. propriety and self dealing." But
' scher named Louis Dugas Jr., Because of litigation pen- Hunts report said the charges
district attorney of Orange ding against me. I’m not in a -have no merit ”
County, to lead a legislative position to discuss my personal The report also quoted Shearn
probe of charitable foundations financial affairs," he said, Moody Jr as telling the presi-
in Texas referring all other such dent of the Moody National
The committee report recom- questions to his attorneys. Bank that Moody "did not give a
mended removal of the Mutscher, McGinty and damn about wrecking the foun-
I majority trustees of the huge House Speaker Pro Tempore dation."
foundation, Texas' largest. Tommy Shannon of Fort Worth.
Shearn Moody Jr. is one of a one of Mutscher's top r
N
Sporty '
il Wilson
ue Lee
wmwmwwwwwmwmwmmm deals within the Moody Founda-
+**** tion and the American National
Insurance Co., while money in-
tended for charitable purposes
has been used to finance half the
A A j . , gambling casinos in Las Vegas
Mutscher given post -ndashrabasrmconcerned.Me
. Martin had his socalled report
after naming prober blocked the Martin approved
’ giveaway of $25 million in hotel
HOUSTON (AP) — House The speaker declined to make assets to a foundation insider a
Speaker Gus Mutscher was giv- available the records of his year ago."
en an insurance company direc- campaign gifts, the newspaper
torship after naming the said. _____ _____ _ The report also said Shearn
legislative prober who Mutscher was asked if he had Moody Jr was behind a $137
demanded that four of seven any business dealings with million lawsuit—filed by David
Moody Foundation trustees Moody or Day, or loans from B. T. Myrick—attempting to
resign, the Houston post said them or any business they are bold four of the foundation
today in a copyrighted story known to own or control. To trustees responsible for alleged
The speaker was elected to each question, the Post said, acts of misconduct by two of
the board of Shearn Moody Jr.'s Mutscher answered "no.” American Nation's officers.
Investors Preferred Lfe Insur- He was asked about his dos- Myrick, the report said, "had no
ance Co. of Little Rock. Ark., est aide. S Rush McGinty, and personal knowledge of farts
March 16. 1970, the newspaper he said, “I'm not advised about alleged in the case.”
DAY ROUND up SALE
s0
in another story Sunday, the charges in connection with
Post has said there was a long legislation sought by convicted
. personal and business relation- developer Frank W Sharp of
‘ ship between Dugas and James Houston
C; Day of Brookshire, Moody's The Federal Deposit Insur-
registered lobbyist and business ance Corp, is also suing Mut-
associate Dugas said he had scher for $332,000 it claims he
accepted a $4,060 no interest, owes Sharp's defanct Sharps-
noteless, "handshaking loan" town State Bank in Houston
■ from Day last June Mutscher is also one of many
. In an interview Tuesday in defendants . in a $27 million
I Austin. the Post said Mutscher lawsuit filed by minority
• described Day as a supporter stockholders of Sharp’s
and constituent in his legislative collapsed insurance companies
Living Color
Portrait of your Child
only884*.,
Film Fee
All ages— family groups, too—1 8x10 color,
only sse, plus Sn< film fee. each child taken
singly or 1 8x10 Group only $1 00 per
child, plus one SOt film fee—Limit one
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Yow baby's special charm raptured by
our specialist in child photography— just
the gift for everyone in the family!
Youn see finished pietures-NOr PROOFS
in jwat a few days. Chene 8x10‛s, 5x7s
or wallet size- and our aperial "win-pak"
camerRs means you can buy portraits in
BLACK & WHITE TOO!
At unbelievably tow prices
o
_S
DEPARTMENT STORES ___
^CHRISTMAS =
i COLOR SPECIAL 4
Y (Back in time for CHRISTMAS)
P lt
\ I
MEN'S AND YOUNG MEN'S grg-n
F
LACKS/
By JAI K KEEVER peace and for the sole benefit of the Libbie Shearn Moody Trust,
Associated Press Writer the people of Texas, It is which established the founda-
AUSTIN API — Atty Gen essential that Shearn Moody Jr. tion. The foundation and trust
Crawford Martin has accepted be removed from the board ” own approximately 35 per cent
the word of his investigators The report also recommended of the common stock of Ameri-
that Shearn Moody Jr has got increasing the size of the board can National. whose assets ex-
to go if the multi-million dollar of trustees from seven to nine ceed $1.4 billion, making it
Moody Foundation is to do any because the foundation's bust- about the ninth largest stock life
good in Texas. ness is so big and complex and company in the nation.
Wilmer Hunt. a retired Hous- because of disagreements Moody said in Galveston late
ton judge. recommended Tues- among trustees in the past. Tuesday he will not resign as a
day that Moody be removed as a Martin adopted Hunt's report trustee but will "redouble my
trustee of the foundation, which and said if the board does not efforts to remove the wrongdo-
has an estimated potential follow the recommendations, he ers to the Moody Foundation
worth id up to $400 million will file suit in Galveston to and restore its honesty and
Hunt's report, put together have it done. integrity "
over nine months with the aid of At least six lawsuits already He was the only trustee to
assistant attorneys general are pending involving the foun- comment on the report.
Wayne Rodgers and E. L Ham- dation. a charitable "I believe it is time for the
ilton, said Moody's open and organization which dispensed people of Texas to recognize
flagrant opposition to the foun- $6.7 million in grants last y ear Crawford Martin for what he is
datum's best interest when it The report said Shearn Moody -a partisan mouthpiece for the
conflicts with his own seems Jr. personally advocated majority trustees of the Moody
clear." legislation in 1969 which would Foundation." he said in a state-
His quest for control' of the allow life beneficiaries of ment released through an offi-
Moody Foundation and its American National Insurance cial of the W L. Moody and Co.
assets is amply and over- Co. to receive stock dividends bank.
whelmingly documented." the since 1943 as income, instead of Moody said that by reading
report said. His hostility and putting the dividends into the the report, you would think
zest for combat with other foundation, as required by law that the wrongdoing here is that
trustees appears repeatedly If American National is the ma- members of my family have
the foundation is to operate in jor asset of the foundation and exposed payoffs and insidr
•-VV
.j 1 9
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Fisher, Norman. Brownwood Bulletin (Brownwood, Tex.), Vol. 72, No. 11, Ed. 1 Wednesday, October 27, 1971, newspaper, October 27, 1971; Brownwood, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1574752/m1/3/?q=%22%22~1: accessed July 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Brownwood Public Library.