The Mercedes Enterprise (Mercedes, Tex.), Vol. 72, No. 44, Ed. 1 Wednesday, October 31, 1984 Page: 5 of 28
This newspaper is part of the collection entitled: Mercedes Area Newspapers and was provided to The Portal to Texas History by the Dr. Hector P. Garcia Memorial Library.
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Mercedes, Texas 78570 Wednesday, October 31, 1984
The Mercedes Enterprise — Page 5
STATE CAPITAL
14
HONORED ON BIRTHDAY -- Mrs. Alta Maloy was honored October
20 on the occasion of her 80th birthday, with a reception given by her
family in the First Baptist Church Fellowship Hall. Helping her
'celebrate were her daughter, Mrs. Imogene Meyer and son-in-law,
Lee Meyer, in back, and their grandchildren, from left, Amy, Kelly,
John and Will Stevenson.
ON MERCEDES CAMPAIGN STOP -- Mrs. Wendy Gramm brought
her husband’s Senate campaign to Mercedes last week, visiting the
downtown area and offering literature and an explanation of
Republican Phil Gramm’s position on numerous issues to local
citizens. She is shown above talking with employees of Mercedes
Boot Company, from left, Beto Mejia, Sergio Cavazos and Luis
Martinez. With a BA and PhD degrees in economics, Mrs. Gramm
had resigned her position as director of the Bureau of Economics of
the Federal Trade Commission to campaign for her husband, who,
she says, offers "‘A message, of economic recovery and hope for the
- future to" the people of South Texas." [Mercedes Enterprise Photo.]
vot #283:0012 To niw .2019
) •
. • i
HIGHLIGHTS
By Lyndell Williams
TEXAS PRESS ASSOCIATION
AUSTIN--Turnout for the Nov.
6 general election will probably be
high as indicated by the large num-
ber of absentee votes already cast
around the state.
Almost lost amid the campaign
rhetoric from heated candidates are
eight proposed constitutional amend-
ments and some pros and cons
which have been argued for each as
follows:
PROPOSITION 1: Rights of state
chartered banks would be extended
to have the same rights and privi-
leges as the national-chartered banks
domiciled here in Texas.
Supporters of the amendment
A argue that while Texas now has
1 roughly a 50-50 ratio of state banks
- and national banks, the Congress is
expected to allow intrastate branch-
ing by national banks. This amend-
ment is needed to avoid a severe
competitive disadvantage for state
banks.
An argument against the amend-
ment proposes the Legislature should
repeal the constitutional ban on
branch banking and regulate by
statute, which could be repealed if
Congress acts.
PROPOSITION 2: Funding for
state universities would be secured
with a new dedicated appropriation
9 of $100 million per year for college
construction. It also increases bond-
” ing authority for UT and A&M
systems.
Proponents argue this amendment
will end the dual-class system for
college construction funding which
enriches Permanent University Fund
schools while making beggars of the
rest.
Opponents argue that state rev-
enues are too scarce to create a new
massive dedicated fund.
PROPOSITION 3: Grants the
Legislature authority to provide
financial aid to dependents of police,
fire and other public officers killed
USH 84
On November 6, you have a chance to participate in a decision
that will affect the future of America.
a902
You can vote to continue the leadership that has led the
United States back to a position of strength in the world, cut interest
rates by one-half, and cut inflation by two-thirds. Or, you can vote
to return to the days of Carter-Mondale, when respect for the
United States was at an all time low in the world, when interest rates
were above 20 percent, and when inflation was running at an
annual rate of 13 percent.
We believe the choice is clear. Please join us in voting to Re-Elect
President Reagan and Vice-President Bush - Leadership That Is Working.
Mr. & Mrs. Roberto Garza
Mr. & Mrs. Howard Sparrow
Mr. & Mrs. Joe Salazar
Patricia Bacot
Leticia Salazar
Mr. and Mrs. Marvin Schwarz
Jerry Zavala
Mr. & Mrs. Stephen Miller
Mark Hinojosa
Mr. & Mrs. Bob Clore
Mr. & Mrs. Alfredo Hinojosa
Judith German
Simon Calvillo
Violet Treasure
Oscar Montoya
Mr. & Mrs. Terry Justice
Juan Ramirez
Linda Greenwood
- Rosie Flores Pena
Mr. & Mrs. Jerry Harville
David Salinas
Mr. & Mrs. Lloyd Heggen
Mr. & Mrs. Oscar Presas
Antonio Anzaldua
Ida Cuadra
Sam G. Reed
Mr. & Mrs. Greg Hernandez
Sophie Dumford
Pati Salazar
Laura Schwarz
Ricky Solis
Mr. & Mrs. Charles Bertholf
Mr. & Mrs. Libo Hinojosa, Jr.
Mr. & Mrs. Jake Schneider
George Gorena
Mr. & Mrs. Wendell Schwarz
Ricky Hinojosa
Grace German
Roel Salinas
Mr. & Mrs. Robert Meier
Mr. & Mrs. E.J. Garcia
Alice Green
Melissa Flores
Melissa Schwarz
Eliud Martinez, Jr.
Jeannie Jones
B. Robert Cantu
Richard Schrank
Mary C. Bermea.
Joskie Castaneda
Mr. & Mrs. Adan Cantu
Mr. & Mrs. Harold Brewer
Becky Hernandez
Lindley Lentz
Mr. & Mrs. Libo Hinojosa
Mr. & Mrs. Brad Schwarz
Mr. & Mrs. Andy Garza
Mr. & Mrs. Jimmy Lyons
Robert Garza
George Bussberg
Tom Hinojosa
Mr. & Mrs. Darrell Swearengin
Jaime Ortiz
Mr. & Mrs. Charies Meier
Eloy Martinez
Chuck Cain
Sylvia H. Flores
Misch Swearengin
Sylvia Gonzalez
Mr. & Mrs. Rodney Robinson
Bertha Vega Wilson
Mr. & Mrs. Gary Riley
Liz Flores Rocha
Flo Hild
Mr. & Mrs. Jack D. Schwarz
[Pol. Adv. Pd. by Sam Reed, Hidalgo County Republican Chairman, P.O. Box 5, Mercedes, Tx.
78570, not authorized by candidate.] 7
in hazardous duty. Currently, only
the spouse and dependent children
receive such aid.
Proponents say that elderly de-
pendents of single officers should be
eligible for aid if the officer was their
sole means of support.
Others argue that fiscal guidelines
for this amendment are not clear
and voters have no idea how much
the beneficiaries will receive.
PROPOSITION 4: Allows the |
abolishment of county treasurers in
both Bexar and Collin counties, if
voters approve. The county clerks
would assume the duties of the
treasurer.
Supporters say taxpayers could be
saved from paying two salaries.
Opponents say county clerks al-
ready have enough to do and the
division of duties is best.
PROPOSITION 5: Changes the
manner in which a vacancy in the
lieutenant governor’s office is filled
to allow the Texas Senate to select
a senator to perform the duties. Un-
der present law, the vacancy goes to
the president pro tern of the Senate.
Proponents say that the post
shouldn’t be filled simply because of
Senate tradition, or because senators
wanted to honor the person who
became president pro tern.
Opponents argue that since the
lieutenant governor is elected state-
wide, it is too narrow to let the 34
senators choose the successor. If we
LEARNING TO AVOID TROUBLE - Students at Mercedes’
Immanuel Lutheran School were instructed in Halloween safety, how
to deal with strangers and what to do when lost, recently, when
"McGruff, The Crime Dog" paid a visit to the school. In addition to
his crime-fighting tips, the visitor shared coloring books with the
students.
Board delays bid opening
Mercedes school trustees,
scheduled to meet Tuesday to open
bids for the construction of
classrooms at Kennedy Elementary
and air-conditioning at Taylor
Elementary, cancelled that meeting
at the suggestion of school,
architects, Ashley, Humphries &
Partners.
Superintendent Monte Churchill
are going to change the law, we reported that the firm felt
should provide for a better means of _______________:_______________—
selection. --------------------------
PROPOSITION 6: Would allow
public funds to be used to pay mu-
tual insurance companies premiums
on "nonassessable" life, health, and
accident policies and annuity con-
tracts.
Since mutual insurance compa-
nies are owned by their policyhold-
ers and have no capital stock, a
1942 Texas Supreme Court ruling
held that public entities could not
have such an insurance policy be-
cause they would become stock-
holders.
Proponents say that since mutual
insurance companies have practical-
ly abandoned the use of assessments
to raise capital, these companies
should be allowed to compete for
local governments’ insurance poli-
cies. This amendment carries no ap-
parent opposition.
PROPOSITION 7: Amends guide-
lines for the State Commission on
Judicial Conduct which currently
has-11 members: two court of ap-
peals justices, two district judges,
two lawyers, four nonlawyers and
one justice of the peace. This pro-
posal substitutes one appeals justice
and one district judge with one mu-
nicipal judge and one county court
at law judge.
In cases of judicial misconduct,
a judge could be disciplined instead
of removed, and the record would
not automatically be open to the
public, but subject to authorization
of the Legislature.
PROPOSITION 8: Increases the
amount of per diem that legislators
can legally receive to an amount
equal to the maximum that can be
deducted from federal taxes.
Lawmakers currently receive per
diem of $30, but could conceivably
raise it to $75, if this proposal
passes. 9
State Income Tax?
The conservative Texas Research
League says personal and corporate
state income taxes are on the hori-
zon, the last resort for a state that
has steadfastly refused to use it to
raise revenues.
The statement in a recent news-
letter is based partially on oil in-
dustry decline figures.
The author warned that spoken
opposition to the tax is no safeguard:
in 1961 the Texas House elected a
speaker on an anti-sales tax plat-
form, but later that year Texans be-
gan paying a sales tax for the first
time in history.
Track Gambling Opposed
A bill legalizing horserace gam-
bling in Texas almost made it
through the Legislature last session,
and its sponsors are hopeful the
issue will complete the course in the
coming session.
But Gov. Mark White said he
would not approve the bill unless
several provisions were written into
the plan.
He also opposed establishing a
state-run lottery, which a number of
other state governments use to raise
funds.
“I like lotteries least of all,” White
said, calling it "one of the really
consumer frauds that is sponsored
by a state.”
Me rcedes
Lodge
1010
A.F. & A.M.
Stated Meetings
2nd & 4th Tuesdays
8:00 p.m.
4th St. & Ohio
ONE
“prospective bidders had not had
enough time to work up figures for
the projects and that any additional
time allowed would be an
advantage to the school district.”
New bid opening is set for
November 6, said the superin-
tendent.
The project is estimated to cost
nearly $300,000.
-.. by Serga)
RIA
SERG’S is proud to announce the ’Players
of the Week’ for the game with Raymondville —
OFFENSE
DEFENSE
Mario Gonzales
Danny Cantu
A great comeback try by the Tigers...this
week, the team travels to Edcouch-Elsa to
meet theYellowjackets. Let’s go support ’em!
This week, make sure you eat some
SERGS5
L FRIED CHICKEN4
349 E.
Second
Trade-mark ®
CALL
565-3851
CALL NO. 149
CERT: 01723
34 09-30-84
-13 48-5310
THE HIDALGO COUNTY BANK AND TRUST CO
HPANY
P.O. BOX 207 _
MERCEDES, TX 78570
L
Bank’s Transit Number 1 1 419 1 1 71 5
Consolidated Report of Condition for - %
All Insured Commercial Banks for September 30, 1984
All schedules are to be reported in thoi sands of dollars. unlessi otherwise indicated,
report the amount outstanding as of the last business day of th e quarter. 1
Schedule RC—Balance Sheet
ASSETS %
1. Cash and balances due from depository institutions:
a. Noninterest-bearing balances and currency and coin'.......
b. Interest-bearing balances...........................
2. Securities (from Schedule RC-B)...:. /........../an-..
3. Federal funds sold and securities purchased under agreements to resell..
4. Loans and lease financing receivables: N
a. Loans and leases, net of unearned income (from Schedule RC-C).....
b. LESS: Allowance for loan and lease losses__________1...........
c. LESS: Allocated transfer risk reserve.........-.....i........•••
d. Loans and leases, net of unearned income, F t
allowance, and reserve (item 4.a minus 4.b and 4.c)...................
5. Assets held in trading accounts......................................
6. Premises and fixed assets (including capitalized leases):?.'.............1
7. Other real estate owned......... 4 ................................
8. Investments in unconsolidated subsidiaries and associated companies...
9. Customers' liability to this bank on acceptances outstanding............
10. Intangible assets................... . ..
11. Other assets (from Schedule RC-F)........-VMltasgEgjKaRrc.......
12. Total assets (sum of items 1 through 11)................................
'Includes cash items in process ol collection and unposted debits.
Dollar Amounts in Thousands
C100 14
Mil Thou
2 063 ta.
one
745
1.b.
2.
425 3.
20 431
144
None
20 287
None
851
None
None
None
None
923
33
294
4.a.
4.b.
4.C.
4.d
5.
6.-
7.
8. -
9..
10.
11. .
12.
7
Dollar Amounts in Thousands
Mil Thou
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E) • ficoi
(1) Noninterest-bearing' .................'....■........:........•••■••.-•• 40
(2) Interest-bearing ..................,,....■........,..,...;......'....;. uses
b. In foreign offices, Edge and Agreement subsidiaries, and IBFS .................
(1) Noninterest-bearing.................*=*..........
(2) Interest-bearing..................-.......
14. Federal funds purchased and securities sold under agreements to repurchase.....
15. Demand notes issued to the U.S. Treasury .. ........... • .......
16. Other borrowed money ......... SL..:...
17. Mortgage indebtedness and obligations under capitalized leases........Fra......
18. Bank's liability on acceptances executed and outstanding.:........-.....
19. Notes and debentures subordinated to deposits .,. H.. . .. a. ..........4 ...
20. Other liabilities (from ScheduleRC-G),............|..... |....................
21. Total liabilities (sum of items 13 through 20)...., S.....§....................
22. Limited-life preferred stock..........
EQUITY-CAPITAL
23. Perpetual preferred stock.........-.-.-----...........1
24. Common stock ....................... ......*: ...:........K -----
5. Surplus ..........................................------,.....-----
26. Undivided profits and capital reserves...........................-----
27. Cumulative foreign currency translation adjustments.................
28. Total equity capital (sum of items 23 through 27) ...... ............, - - - •
29. Total liabilities, limited-life preferred stock, and equity capital (sum of items 21 • 22.
’Includes total demand deposits and noninterest-bearing time and savings deposits. 9
.29745 13a-
5 667iii 13.a.(1)
24 LO78TTI 13 a (2)
and 28) ...
No ne
None
None
No ne
No ne
None
366
30
111
None
1000
1 000
14.
15.
16.
18.
19. -
20.
21.
22.
23. i
24.
25.
26.
3 183 28.
33 I 294 M
NOTE: The Reports of Condition and Income must be signed | We, the undersigned directors, attest to the correctness of this
by an authorized officer and the Report of Condition must beReport of Condition (including the supporting schedules) and
attested to by not less than two directors for State nonmember o declare that it has been examined by us and to the best of our
banks and three directors for State member and National banks, knowledge and belief has been prepared in conformance with
* .> the instructions issued by the appropriate Federal regulatory
I Kathryn S. Herold, Vice President & Cash! enthority and is true and Correct.
Name and Title of Officer Authorized to Sign Report & <
of the named bank do hereby declare that these Reports of Con- —Ly^A^
dition and Income (including the supporting schedules) have, ■ rect)
been prepared in conformance with the instructions issued by
the appropriate Federal regulatory authority and are true to the,
best of my knowledge and belief.
-2-2-2__
Signature of Officer-Authorized to Sign Report
October 22, 1984-
Date of Signature Eet
Marvin Schwarz
Ramon F. Gonzales
Tom J. Weigel, Jr.
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The Mercedes Enterprise (Mercedes, Tex.), Vol. 72, No. 44, Ed. 1 Wednesday, October 31, 1984, newspaper, October 31, 1984; (https://texashistory.unt.edu/ark:/67531/metapth1632080/m1/5/?rotate=270: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Dr. Hector P. Garcia Memorial Library.