Abilene Reporter News

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Publication name: Abilene Reporter News

Location: Abilene, Texas

Pages available: 849,996

Years available: 1917 - 1977

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Abilene Reporter News (Newspaper) - March 30, 1962, Abilene, Texas 'WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES W E SKETCH YOUR WORLD EXACTLY AS IT GOES"—Byron 'A. " ’ - ........ FINAL HOME t«»eweW" Showers, Cool. iif.-    -»«ewie-- 81ST YEAR. NO. 286 AHILENE, TEXAS, FRIDAY EVENING, MARCH 30, 1962-TWENTY-SIX PAGES IN TWO SECTIONS Asmrinted Prm$ (/P) Bank Deposits Gain $1t Million in County Two Abilene S&Ls Show New Record BANK DEPOSITS Rank of ('.oinmerce ... (ulizen« National Rank „ .    ,    ,    .    .    , liFir.-! Slate Hank ......... fiavings arKi loans at two local I-pQ'i'^ j \Rlf.KNK .savings and loans organization.s! .Nationaj Rank. Merk« showed a sharp increase duringjUcme State Hank, 1rent .. the first quarter of thi.s year and; Kirn .Sate Rank, TuMoIa ., set a new all-time record for those! TOT \l. .1 KTH \l, R ^NKS l»t Oiiarter 4lh Duarler l«t ( liiarter Dale Dale Date March 26, Drr. 30, April 12, 1962 »961 1961 .$ 3.632.963 1 3..3.502Î58 1 2.736,92 41 . 47.819,267 52.784.878 4 4,880,621: 46,999.351 49.763.347 41.199.369 i . 1.5.873,21 1 16.484,786 14.773.227, $114.3.51,997 «122.383,269 «163.584,1411 i 1 4,662.461 $ 3,772.663 $ 3,556,446! 715,362 747,637 676,99) . 2,237.828 2.2.54,693 2.346.926 . $ 6,9.5.5„589 1 6,773,7.3.3 $ 6,574.363 H 21,316,586 ? 129,157.662 $116,158341 Economy 'Good'; Loons Set Record as of Taylor County banks had a By .TOE B. POCNS posits were $114,154,997 Reporter-New* Business Editor March 26, Ixians, however, were even higher than the year-end total, more than $11 million on March j Loans in the seven banks 26, 1962, above a year ago. figures:zoomed to the new all-time high 6,.S<t..l63 |-e}eage<j by the seven banks re-i°^ $61.512,987 on March 2* this by them Friday reveal. Savings at the Abilene .Savings A.ssociation as of March 26, 1962, and at the Southwest Savings & Loan As.sociation as of Feb. 28 aggregated $40,180,f^, a figure that compares with $39,450.643 at the end of 1%1 and with $!i5,462,-646 as of the same dates a year ago. l.oans in the two in.stitutions at the 1961 dates totaled $15.462,646 as compared to $40,180,697 this year. BANK LOANS vealed Friday. year. That figure compares with Figures were released today    ^ rigures were reieasea looay d> $57,472.834 on loan as of Dec, BIG, BUT EMPTY — Wilton Allen Jr., 13 month-old. takes a good look inside the crown he won as Supreme King at a San Francisco kiddie pageant Thursday. Queen Deborah Osorio gazes majestically into space. Wilton and Deborah are from San Francisco. (AP Wirephoto) FBI JAILS FOUR TEXAS TYCOONS i Imt (.luarter 4th (.hiarter Dale 1 late March 26, Dec. 30, 1962 1961 Rank of Commerce ........ ..1 2.129,771 $ 1,969.878 (-ilizer)K National .......... .. 21.161.653 26.651,680 Fir«t National .............. . 26.903.115 24,166.04? FirM .'-'late ................ . 9.021,32.5 8,485.499 TDT VL \BIIFNE ........ .’.$59,21-5.261 $-55.267.164 FA M National. Merkel .... 762,175 1 766.775 Home .State. Trent ......... 219.377 251,976 ' Firnt î-'late. lutoola ........ .. 1,286.171 1.186,979 : TOT \T 3 Rl B \1. B\^K^ .. . .$ 237.723 $ 2,265.736 jT VY LOR CDIM Y TDT\L .161,512,987 $57,472,834 1*1 Onarter Dati* the banks in response to a call jfor statement of condition by the ¡comptroller of currency, i In 30, 1961. In Abilene, the loans amounted to $59,215.264 on March 26. 1962, the city of Abilene alone $55.2 million on Dec. .30, 1961. and Estes Arrested On Conspiracy ju.st a year ago. The Southwa'U Savings & Ixian Association figures for the two years. 1962 given ’ first, are, $7,376,155 and $5,818,353.1 Loans at Abilene Saving.* Association in 1961 totaled $28,595,314 and $33,445.296 in 1962. Figures are for March 26 of each of the years. Loans at Southwest Savings & Ijoan as of Feb. 28, 1961, were $5,160,879 and on Feb. 28, 1962 had increa.sed to $7,067,737. Abilene has a third savings and loan association. Farm and Home, but it is a national organization and no figures are reported by it on a local basis. April 12, ¡there was an increa.se in deposits;$5j j million on April 12, 1961 . 1    quarter    of 1962 over date of the first quarter call last I 1,.386.-08.tbe first quarter of last year of year. slightlv less than $11 million    .    1    1 20,980. >13    ,    .    '*^^3    bankers    expressed    pleas- 7,6.53.311 Deposits were not an all-time ure with economic conditions m $51,112.372 high,    however. They made    their    Abilene and Taylor County. Two I    713,209 j normal first quarter decline    from    ©f the seven banks in the    county 26.1,031 the year-end report of Dec. 30. v ent against the normal trend in *    dropping from slightly    over    reporting greater amounts    of de- 1^129    million to $121,310.5^.    i’or    posits than were on hand    at the the City of .\bilene only, the de-year-end call. Ordinarily, bank de- “■ j posits decrea.se in banks during the first quarter of a year. $53.328..>2r>' Walter, Haralson Win Top PECOS (AP)—Federal authorities jailed Billie Sol Estes, a grain storage and fertilizer tycoon, and three other West Texans on conspiracy charges Thursday night. They accused the quartet of conniving to transport fraudulent chattel mortgages. Estes. 37, remained in cu.stody here as his lawyer arranged to poet his $500,000 tiond, set half an hour after his arrest. The other men, arrested simultaneously in Amarillo and laib-bock, were held in lieu of $250,000 bond each. They are Harold E. Orr, president of Superior Manufacturing Co. in Amarillo, and Ruel W. Alexander, secretary of the firm, seized at Am«rillo, and Coleman D. McSpadden, a director of the company, arrested at I^ibbock. Estes, black haired and ruddy faced, has said he became a multi-millionaire by investing money he received for a ewe lamb, a Awards at Science Fair Hardin Bishop of Pacific Finance in Ix)s Angeles, said the firms hold mortgages to .secure $22 mil-lion loaned farmers to buy storage tanks for anhydrous ammonia. a fertilizer. E>tes is known to have leased a large number of the tanks from Rains Fall Over Area See list of winners, other stories Pg. 7-A BILLIE ,S«L . , . arrested E-STES by FBI his business records. He said theyj Complaints naming .......  ._.    _______ . will try to iWermme Wh.4h,>r any ll'*'    -Pfnin'ally    allege Christmaa gift while he was IS.Iviolaiions of Texas seeunties lawsjt^attel mortgage krajwn to be Some place the salue ot h.s hold-!have occurred.    „„.j Wihwai said he also wanted to "as taken atmit last Nov. 15 Irom tool air near tne grouno Elaine Walter of Cooper High School and Mike Haralson of Abilene High tiKik the sweep-stakes awards for the seventh annual Oil Bell    Science    hair.    Miss    Walter won the high school bioiogical science    division    and    Haralson,    the high school physical division. The winners of the sweepstakes Widespread rains fell in West'honors were announced by Supt. farmers A firm said lo be the Central Texas Friday with the ot Schools A. K. Wells at the worlds'largest dealing in the fer-heaviest showers at H a s ke ll.jawards assembly held Thursday Hitter is among his enterpri-ses. where    20    of an inch    was re- n.pht at Abilene High    School,    the There was no immediate com-">'«l    hv    10 a m^ f-.ght    hail was elim.ax    of    a day of judging    the menl from B.shop or others in iheTfPort«'    "dh ./he ahow«-rs ^ nearly    450    exhibits al    the fair, group on    the arrests    Sweetwater.    Abilene    had    recened, other lop    winners in    the    fair Ks.es who is won. U, tfuole the    calls    for    eon.tnued'."tlmo; h";"‘i^ Bible often in conversation, flew    through back to Pecos in his private plane    „ight. turning partly Tuesday after talking with the    «nd slightly warmer Sat- nance company executives in Dal-j^j.^^y las. Declining comment on the ses-i ^ain extended as far south sion,    he said:    Winters,    eastward    to    Ranger, ‘‘Isegally or technically It would north to the Haskell-Munday area be fofihsh for me to say any- and west to Roscoe.    i thing.*'    !    Chief    Meteorologist    C    E Sitch-i Estes and.ler at tlie Abilene Weather Bureau ^    biological    science    div- a'isaid the moisture resulted from ^ unstable conditions aloft in which warm, moi.st air was overrunning the junior high physical science division. She is the daughter of Mr. and Mrs. Vaiden Hiner of 1264 Westvicw. Hiner is physics teacher al Abilene High and director of the Oil Beit Science Fair. Kathryn Owens. Madi.son Junior High eighth grader, was named ings at $100 million to $150 mil-. liim. Make Arrests ui West Texas The .01 boosted Abilene’s total of moisture received since tlie WHERE 11 R&INED “find out just what all of these Ru<isjH*th '' unlj loan f.-ompanies are doing in this J® Angeles. U.S. marshals and agents of the thing.” He referred to a Dallas J. H. Nel.'^m, Federal Bureau of Investigation conference held the past thret» sr-nting McSpadden made the arrests shortly after days by representatives of 10 na- who also    tof    E.stes    in Ally. Cien. Will Wilson ordered ajlional    and    local lending    compa- the Dallas meetings this week, state probe of Estes* affairs. Wil- nies.    said the two are competitors rath- top sent three assistants to check A sixikesman for the conferees,ler than business associates. ABUwENE Municipal Airixirt Total for Year . Normal for Year DVE.SxS AFB .... BAlwlJNGER I CLYDE I EA.STLA.ND HASKEl.L . The financial empire of Billie-    ......... curly black hair is showing no    mERKEL . Rol Estes, which is involved in| ^    related sU»ry    Pg.    7-A    j.,ay. he drc.s.ses in conservative;    HANGER federal criminal charges at pres-1...         — tut, started on a farm three miles! Well Si*rvice, Inc.; Colonial ision winner. .She ¡s the daughter of Mr. and Mrs. James L. Owens of 2112 S. 34th. Miss Walter, daughter of Mr. and Mrs. Kenneth Walter of 4090 Monticello, also wa.s a swt>ep- * lawyer repre-lf!™»    1“    ¡TS!»*»«    '“'nncr    in    Ihe    littiti    fair. ul I ybt,n,.i( ff’an the normal through nudnifiht    Wtxeonsin of March 29 of 2.83.    ^    member    of    the    Cooiier    High Estes Financial Empire Started on Clyde Farm Exchange Club when she was announced as    one of    the    sweep- .stako.s w inners. - -.........: Haralson,    a Junior    at    AHS, is ithe son of    Mr. and    Mrs. A. D. Haralson of 1749 State, f 27 The tvo    sweepstakes    winners 2 83 mil represent the Oil Beit 13is-Trace trk-t at tlK* 13th National Scieiue Trace Fair-Interiuitional, at Seattle. Sleet Wa.sh., May 2-5, .Of) Dr Virgil Bottom, chairman of clothes and wears black-rimmed hO.SCOE Fu- gias.ses.    SWEETW    .\TF.R north of Clyde, where his parents neral Home, and the Pecos Daily, ||,g elimt» to fame started while •till live.    News.    he was living on the farm of his The former V»Hahan County; The various enterpiiseR in the    John    Es- farm boy has become one of (he!Pecos area.s are estimattM to    Clyde community, bc>s(-known agricultural leaders injpluy    lH*rson.s.    uhcre    in    1943    he wa.s seiet ted as the Southwest since he left Ihei The empire-builder does not Rt'having made the gieatest achieve-Abilene area some years ago aft-lhdo the jHiblic conception of    4.J1 ^.jyh hoy in the WEINERT WINTERS WEATHER Texas millionaire Yming D.vQatiio er building up a moderate agricultural fortune in this area. His brother, Dr. John L. Es-i At 37 he has the reputation of tes, an Abilene dentist, is in Pec-ibeing a young dynamo, but in ap- nation —• the first Texan to win such an honor. M.    “t    ctjviMr    R«    s: BI R I*. % I «Wfrsthrr mmv l‘»Jf * A» .xbilem; .xm> vuiMTV til#« I .20,the phvsics department at McMur-.06 ry College, in the mam addres-jri of the awards .isM*mh!y. said the Trace survival of mankind in future gen-jlml erations depends on Ihe scientitn 20 endeavors of young SfXH ialists Tracetrained in schooLs „„„    -    j throughout the nation. I Dr Bottom, in his address be-I fore the awards pre.sentation. said the world is face<l with six basic problems’ an increasing ;xipulution, too little land area. THE VVI.NNER!—Mike liaralson, .Abilene High xSchool junior, pose.s with his Oil Belt Science Fair Exhibit before he knew' he was the sweepstakes winner in the high .school physical division. Mike is the son of Mr. and .Mrs. A. I).'Haralson of 1749 State and will compete in the National xScience Fair-lnternational at Seattle .Mav 2-5. Sweepstakes winner in the biological division is‘Elaine Walter, now in Plymouth. Wis., on the (’ooper High School Exchange trip. iStaff Photo bv Henrv Wolff Jr.) Ch* M attempting to make a $566,0(10 bond to oblain Estes* frmiom from the Reevei County jail. Entes if the son of Mr. and Mrs. John Estes, and a nephew of Mrs. W. Gober Black, 825‘x E N. 13th St., Dr. Sol Estes. Old Anson Rd. and Ntlwm A. Estes, a farmer living near Elmdale Estes has a wide variety of in-terestf in the Peco« area, not all of them eonnecteii with farming.j He owns or is a partner in the Farmers Co., which deals in fer*J tilixers and other suiiplies; Estes j Bros., a farming firm; Peeosj Transit Mix Co., cement. Water l 1 pearance he could almost pass tor a college upfierelassman. His At 19 years of age he operateti *«‘LpT*\uVTv »"«11, a farm in the Clyde area, a ranch NEWS INDEX near Hambv and had other Inisi- iieHS interests. «I VTIIKK . .. ....... H»aiui 4« only one-third of the {xipulation ha.s 3 fiwil FiuU) »11(1 !• nS«> .SUiiKient lly clouo% »ml »lishllv jbuul X» l»w iqj- NORTH fEl*crR.VL*Tf:*xXX t'toudy »«^ lesourcc'' aliove the giuund aie ftMsi, fuel supplies are being depleted too rapidly, natural SECTION A Te Your Good Hooltk Sridfo       . Amutomoott ...... Sport!    ... lutinots Outlook SECTION I Womon't nowi , . . . Ohituoriot  ..... Comici Bditoriols Rodlo-TV lots ... t TV Ropott ,,,*••*- ... 9 .. . 9 1 I 12,11 .14 11. Xim-ted hi* car«.- at 13 w.lh    ¿’'r.'UÏÏx.'*uï'VSï.    i'* in northw»«! to io 1« «Hithi-iMit    Hi*6 S»turd»y «fi in Si Tt iaet R %i I Rt-s rn 1.00 ....... «fi ....2.3 .... 4 .... S .... 4 ,.,.11 ....M one ewe lamb and a job at the Earl Hays Dairy for 50 cents a day. By tlie time he was 19 he; owned about 66 hea<l of hereford cows, atsiut 50 plain steers a “pasture full of hog* and money in the bank,” files of the Uet»nii-! er-News show. His lirst big venture, however, cndwi ill failure when he. invest-e(i $4,000 as down payment on ^ (S) 00 4 fifl t no « no T OO §m ESTK&, Pg. ii-A. Cut. I I (HI 10 00 00 4V ii SS » m. n 4Î n 45 44 4:s 42 ■it 41 41 *<>ur« »ndini »1 9 He said the world will be in “vefv serious trouble” if this pres etit trend continues, {jerhatxs sjiell-mg the end of mankind within .several generations unless these prutiiemi are solved The physicist said more scieii Walter Johnson, president of the First National Bank of Abi-kne, said: “Our appraisal of th« economic situation so far this year is one of very moderate increase ! insofar as business is concerned. W’e do not anticipate any particularly high activity of business but expect to continue along the pres-lent trend. We expect 1962 to be a j fairly level and a good year.” i Walter Woodrum, president of the Bank of Commerce of Abilene, said that "our increase it commensurate with what is going on over the nation. Our activity has been real heavy and we expect it to continue through the current year. The new shopping center being built in our part of I Abilene w ill increase the overall ¡activity of Abilene because it is regional in nature and will attract a great many people to Abileri# ; during the year.” Oliver Howard, president of tho Citizens National Bank of Abilene. derlared that in his estimation “the economic situation ! look.s good in this area. VVe are vvdl please<i.” he added, “with ; conditions here and are looking forward to a good year.” J. E. Smith, vice presidwit of the First Slate Bank of Abilene, I.said that “our local economy is 1 still benefitting from the defen-e ! expt‘nditures that are being pirt I into this area. Over-all, we seem to be showing the same growth that IS being shown over the na-tion. There is no spurt in activity but a steady growl h — that is more healthy lor our economic climate.“ Bobby Sayles of the First State Bank of Tuscola declared. “W# ; have been shy in our early S€*a-son top moisture, which has affected livestiX'k grazing.” However he is “generally otHimislic concerning the future ’’ He .said ho ,is well pleast*d w ith the recent im-! pi ovement in sheep prices Ni-; cause there are a lot of sheep, ■ goats and cattle in the Tuscola ¡area. Livestock prices have held I up firm, the Tusctga banker added. The drop in bank deposits at 'the Tu:«<*ola bank is consukrtxl !to be seasonal, .something to bo I expected at this lime of year, he jsaid. I Booth Warren, president of the F k M National Bank of Merkel, The ^aid that ‘ we feel real good about the the economic situation in thig. area ’’ There ii also a gi-eat dealk sci- h ur    Abilene    High    Schotil enie    teachers    were    agreed advanceti science class al MhiKil “is well worth it.” Ihe 10 students enrolkxl in the livestock in the .Meikel art* course took honors    galore    tor »10«« agriculture and iom« For example. Vugil pate <>«» activity Warren described It» took a second place in the biolog-^ latter as a factor in the area t ical divi.'.ion. a second in the phvs- economy. ical division and finishwf off with; He destrilMxl the rise in de-first place ill the physical di-'a{ ^is bank as being un* vision with his two entries    usual but said he was not sur- Ann A.^kin-,, a senior, look two,pn>tHt boi-au.se he realized that top awards with two projects and »onie money would come m oiht‘r students followe»l the lead fnim crops during the early part of of Pate and Miss .X.skins by win    .Some    of    the    crops    were ning Iheir share of honor«    pitKesacd after January I of thii In the physical division I*.year although those crops were awards were presentwi Abilene    he    pointed    out, llith »011 II ot them and seven oti that    nundier    v, ere    W4mi by    -stu in F.l.AINF. W’AI.TFK . sweepstakes winner Hifih »iMl low fo) »III tifi and 43. Hich «1X1 low MRI* dMr 1! »na é SuRMl i»»4 mitSt • 5». « V). »ujMet U*mMht é t! ■m«4ei readutf »i ntmn MII. umioit* at noon: M Mr rwiW. last v»»r Winn»» t«a»r Ii; ..    .    ,    coiitmutHl.    we    will    make    son» dents in the honors das.s AHS    ^ also t(K)k 18 of the 25 awards pre '    ** sentert in tne biological division J. D Wilks, president ot th# Tile ailvanced science class us a Horne .Stale Hank ol Trent, »aid type course taught by that the year has started off well lists are neevletl in various field.sj ***«r«*''wrn*nòrt'm''7h7*Óil    ¿okinji    mei    Ihe    lixl ot time in rexeareh, »riting reporli.|l^ tooeived to maX. aop. look KaVr w.r7 anl^ed by M B-Umner. in th. Oil Boll Sci.nceilean.ing .pecial IKlmiqo«. Ibwiec. Â ;

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