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Abilene Reporter News Newspaper Archive: June 16, 1962 - Page 1

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   Abilene Reporter-News, The (Newspaper) - June 16, 1962, Abilene, Texas                               SPORTS "WITHOUT OR WITH OFFENSE TO FRIENDS YEAR, NO. 364 ABILENE, TEXAS, SATURDAY MORfffS 3AV 9909 X8 03 CABINET MINISTER GOES FOR RIDE Erhard, West German vice chancellor and economics minister, puffs on his cigar as he rides on a donkey, most common form of transportation on the Aegean Sea island of Rhodes, where the official spent a vacation prior to flying to Athens to take part in informal con- ferences (AP Wirephoto) Engineers Reject Kennedy's Plea JBy JERRY T. BAULCH WASHINGTON (AP) Reject- ing a strong plea from President Kennedy, flight engineers stood pat Friday on their refusal to ar- bitrate the key issue of their dis- pute with, three major airlines cockpit job rights. Injunction Is Issued NEW YORK Justice Department, acting on the orders of President Kennedy, obtained a temporary federal court injunc- tion Friday halting a strike at Republic Aviation Corp. The strike halt.d production of the F105 jet fighter. The President said it imperiled the national safety and ordered the Justice Department to act un- der the provisions of the Taft- Hartley Act. U.S. Dist. Judge Walter Bruch- hausen in Brooklyn issued an or- der halting the strike until a court hearing next Wednesday. Repub- lic then sent telegrams to some striking employe? telling them to report to work Monday. An affidavit from Secretary of Defense Robert S. McNamara, read to Judge Bruchhausen, de- clared that the F105 is urgently needed, by the Air Force now. The Flight Engineers Interna- tional Association linked to the turndown a renewed strike threat, with a deadline of sometime after p.m. Eastern Standard Time Saturday. A walkout would idle Pan Amer- ican, Eastern Air Lines and Trans World Airways and immobilize 40 per cent of the nation's commer- cial airline service. The three air- lines transport an average of 000 domestic and overseas passengers daily. The deadlocking issue is the proposal to cut the crews of the big jets from four men to three by combining Ihe duties of eng'.- neer and third pilot. The engineers want assurance that they will hold onto one cockpit job. "We will give them a reason- able time to respond before call- ing a Ronald A. Brown, the engineers' president told news- men. Later he said 24 hours after the end of his news conference would be reasonable. The AFL-CIO union renewed its acceptance of the government's proposal to arbitrate pay and oth- er issues, at least with two ol the airlines, Pan American and East ern. The union's TWA branch however, reiterated its refusal to submit any of the issues to arbi tration. AU three airlines had accepted the government's arbitration pro posal on all issues. U.S. DEPARTMENT OF COMMERCE WEATHER BUREAU {Weather Map, pafe 2-A) ABILENE AND VICINITY (Radius 40 to partly cloudy and con limed warm and humid through Sunda) High both days 95. low 70. NORTH CENTRAL TEXAS. NORTH- EAST TEXAS: Partly cloudy and warm Saturday and Sunday. High Saturday. 86-92 NORTHWEST TEXAS: Clear to cloudy iaiurday and Sunday. Scattered late thun- lerstorms Panhandle and South Plains. High Saturday 86-95, SOUTH CENTRAL TEXAS: Clear to cloudy and warm Saturday and Sunday Hish Saturday 90-102. SOUTHEAST TEXAS-. Partly cloudy and varm Saturday and Sunday. High Satur day 86-92. SOUTHWEST TEXAS: Clear to cteudy and warm Saturday and Sunday with iso- atcd late thunderstorms northwest. High Saturday 92-100. TEMrERATURES Frl. a.m. Frt .n 73 t 72 .........._. 87 76 83 78 80 84............ Ut, High and low for 24-hours ending p.m.: 91 and 69. High and low same date last year: 92 and fi2. Sunset last night; sunrise today: sunset.tonight: Barometer reading at 9 p.m.: 27.94. Humidity at 9 p.m. S9 per cent. You'll Like Reading About these Sunday in flUme Reporter We Visit Haskell Take a trip with Staff Writer Norman Fisher to the county seat of Haskell County. Visit with Lon Pate, long time editor of the Haskell Free Press, look in on the city's school, gov- ernment, economyt it June Brides More Abilene and area brides who have chosen the favorite month for marriage. Read about their weddings in the Women's Section, In addition, regular favorite features... Dear Abby, Ann Landers, .Hollywood Beauty and others. Golf, Baseball Finals on the West Texas Women's tourna- ment here in Abilene, the National Open, latest baseball scores, stories, statistics. these plus local, notional, international WEATHER Hew Values On Land Set Al Ballinger BALUNGER t-RNS) Trustees of the Ballinger .Independent School District school board have approved a new scale of valua tions for Runnels: County ranch and farm lands. But a spokesman tor a disgrun tied group of county landowners said Friday night the new valua tions probably will have no effec on a suit which was filed agains :he school board alleging inequi ties in property renditions for the 1961-62 school year. Board trustees Thursday nigh adopted a new set of valuations prepared by the Amarillo evalua .ion consulting firm of Morries Associates upon recommendation of an advisory committee appoint ed by board members and county landowners. The committee ii headed by H. Giesecke Jr. of Bal linger. However, trustees did not set; percentage assessment on the val uations pending completion of in dividual property evaluations by the consulting fin Jim Morries a partner ir the firm, told the board that a total valuation fig ure on county properties shoulc be available by mid July. Board member H. W. Ketchum explained Friday night that the board must wait until the valua- tion study has been completed to determine what percentage of the total valuation must be assessec to raise operating funds for the 1M243 school term. Morries listed -even valuation for county lam which set the 100 per ceni evalua tlon of top grade farmland at per acre and prvnhim ranchlam at per T> towett ml VAUV8, n. Mr CH, I 'L-a _rOt-e tvxai NR 3AV 3H -j 9908 X8 o; YOUR WORLD EXACTLY AS IT JBNTY-TWO PAGES IN TWO SECTIONS Estes Records List 9 Abilene Creditors Esles Tells 01 Million Debt EL PASO, Tex. (AP) Bfflie Sol Estes admitted to his creditors rriday that he is million in debt, but submitted a plan to pay off and help 4-H Club farm youths, too. The creditors turned down the offer and asked the court for lankruptcy proceedings Estes. U.S. Dist, Judge R. Ewirig Thomason said the court will im- mediately proceed adjudicate he estate bankrupt if nothing is accomplished at another meeting with creditors in Dallas next week The date for that meeting was not disclosed. State Atty. Gen. Will Wilson asked and was granted permis- ion to name Estes and some as- ociates in a state antitrust suit when the new meeting with cred- ors was disclosed. Thomason granted the motion n the condition that no fine or penalty be assessed against Es- es or the receivership. An attorney for Estes' creditors objected on the grounds that "the reditors might be injured if the Estes matter is continued and lostponed." He referred to a hear- ng set earlier in the day for July 13 at which Thomason said he would hear the creditors motion o declare Estes bankrupt. Thomason then said he would tear the motion right after the Dallas meeting. The West Texas promoter testi- 'ied nearly four hours at a cred- tors hearing before Judge Thom- ason. He invoked the Fifth Amendment six times. Estes listed assets of 155.95 and liabilities of 935.87. Estes' lawyers told the court :hat under the submitted plan would renounce claim to in excess the debts and would have any such excess jrofit be paid into a trust for the l-H Club farm youth program. Estes asked that he be per- mitted to keep his Pecos home, automobile, tractor and farm .ools. Estes repeatedly said he had no lidden assets. Use Zeal Asked how he would pay his debts, Estes said: "I would go out and get some business. I would suggest the receiver use zeal. Where he lacks knowledge, ie should seek wisdom." Judge Thomasoi. asked where Estes would get money: "You mean you would borrow from a replied Estes. Allen Poage, a lawyer for the court-appointed receiver, asked Estes if he would go to the same creditors sitting in this court for money. "Yes, I answered Estes. To another question about pay- ng off his debts, Estes said: 'I understand Secretary Orville Freeman said not only the em- pire would go but the emperor would go, too. I think if I should step out of the picture, Mr. Free- man would have accomplished what he wanted to do." Obligations Here Total ALGIERS, Algeria Scorching the earth as they hreatened to do, European Secret Army Organization demolitionists leavily damaged hospital massive City Hall Friday night burned garding cotton allotments and his grain storage contracts with the U.S. Department of Agriculture. ESTES, Pg. 3-A. Col. I Charter Election Interest Lagging Mayor C. R. Kinard's remarks ward the city charter election on June 28 were home out Friday. tvfMMl for ttit FINANCIER UNDER'FIRE These are four views of Texas financier Billie Sol Estes, who appeared be- fore creditors in El Paso Friday and admitted assets of more than million less than debts. (AP Wire- photo) BY EUROPEANS Scorched Earth Operation Grows (AP) were wounded. Four other EL PASO Nine Abilene firms and individuals were named among the creditors of Billie Sol Estes and-or Estes Bros, in rec- ords filed in U. S. District here Friday. They held obligations against Estes totaling Guy Caldwell, 1314 Elmwood Dr., prominent Abilene rancher, was listed as holding a note for on Estes Bros. The lists filed by Billie Sol Estes showed Caldwell's note secured by a deed, of trust "covering Reeves County land." Further Identification of the land which is security for the note was not given. Also listed among the secured creditors of Estes Bros, was the First National Bank of Abilene, with one note for It was secured "by 625 shares of Life Underwriter units." No other de- tails on this security were given. Estes' lawyers said Billie Sol Estes holds %ths interest in the Estes Bros, partnership. Billie .Sol Estes testified on the witness stand in a hearing at El Paso Friday that he has three brothers, but that Bobby Frank Estes is the only brother involved with him in the Estes Bros, part- nership. He did not say where Bobby Frank Esles'is living now. Glenn Alexander of Abilene was listed as holding eight unsecured claims on Billie Sol Estes and-or Estes Bros., totaling Six Firms Six Abilene firms were listed among current accounts payable. The firms rnd their amounts were: Abilene Aviation, Cox Memorial Hospital, Lester Humphrey, O'Kelley's Office Supply, 381 Chestnut, Smith and Erwin, attorneys, First State Bank Building, Box 328. Treanor Equipment Co., The Abilene creditors were list- ed in a statement of his assets and debts, coverning an estimated 60 pages, which w filed Friday NEWS INDEX the municipal shattered the persons, a European and three Moslems, were killed in other ter- rorist attacks. At Sidi bel Abbes, the Foreign Legion's historic home, six grade schools and a high school were and burned private stores throughout the capital. A big power dam to the east was reported wrecked. Reporters saw six bodies car- ried OKt of the City Hall wreck- age. Authorities reported 43 oth- ers were injured there. Officials said some of the ex- plosives had been planted days or veeks ago in anticipation of the iery toueh-offs that would lay Al- geria; waste before its abandon- ment by the diehards and its take- over by Moslems. The climactic secret army offen- Stock Market Advances Strongly in Late Rally Estes has been under fire re- siye against Moslem rule officially >egan Thursday midnight. Twen- ,y-four hours later it had spread an incalculable he countryside. By Friday midnight the grim arid desperate pledge of the se- cret army to leave ruins for an independent Algeria appeared to x coming true. From Bone to the west came a new threat of scorched earth destruction as the secret army ad- mitted it may not be possible to before Young Republicans here set up autonomous European en- Thursday night about apathy to- claves as planned. In such case, "even more than In means being su- City Secretary Lila Fern Martin perior-we will practice the sys- reported that no absentee ballots tematic destruction, exercising the gain, it failed to had been cast at city hall for the rule that the land should not be delivered Intact to the enemy. We the four previous sessions. approaching election as of S p.m. Friday. Deadline for absentee bal- loting Is next Friday, Kinard, in speech to the Tay lor County Young laid he hopei voten will not be toward the charter lion and prataed aeveral tamammt with auiojmaUc to attract gay Miami will apply this rule with a re- lentless uid a secret army spokesman tat a pirate broadcast. In Oran, the Ncret army again attacked another' gendarme en- Ihe greatest in a long wwie. SECTION A Obituaries..............4 Sports 6-B Oil 10 Amuumtntc............11 SECTION B Church news 2 Bridge Quit............ 2 Women'i new! 3 Comics ..............4, 5 Editorials Radio-TV logs...........9 TV Scout Farm news '0 morning with V. S. District E. E. Thomason. The Abilene obligations among liabilities of Eg- tes listed in his statement, it showed assets of leav- ing an excess of liabilities over assets of Jf' The residence or mailing dress of Ghnn Alexander was Out given, other than Abilene. A Glenn Alexander of Rt. 5, Buffalo Gap Road, is de- fendant in a civil suit filed in U1. S. District Court in Abilene last month by CIT Corp. Tanks Security CIT sued Alexander for it claims is due on mortgages foe which ammonia tanks are tije security. CIT also asks in attorneys' fees for a total of 723 in the Abilene suit. >1 (Alexander could not be cofr tacted by the Reporter-News Fri- day night.) In the statement filed in El Paso Friday by Estes, claims were contained in "Annex 5." The caption read: 'Attached hereto as Annex a list of persons who are believed to be asserting claims against Billie Sol Estes and-or Estes a partnership, the nature of amounts, and validity of which are not ascertainable at this'' time." However, it was pointed out thai Alexander has not yet filed claims; Estes was merely listing the obligations. Annex A listed these possible claims by Alexander: "Glenn Alexander, It is understood that CIT Credit Corp. of Dallas may seek to es- tablish claims against Billie Sol Estes and-or Estes Bros, for the items which the individual here- inabove named may seek. "Glenn Alexander, It, is understood that First tance Corp. of Minneapolis mayj: seek to establish claims against' Billie Sol Estes and-or Estes Bros. for the items which the individual hereinabove named may seek. "Glenn Alexander, It is understood that Southwestern Investment Corp. of Amarillo may seek to establish claims against Billie Sol Estes and-or Estes Bros. for the ''ems which the individual hereinabove named may seek. Establish Claims 'Glenn Alexander, It is understood that Caprock In- vestment Co. of Lubbock may seek to establish claims against Billie Sol Estes and-or Estes Bros. See HEARING, Pg. 3-A, Col. 4 By JACK LEFU3R AP Business News Writer NEW YORK (AP) Rallying [ear the close of trading, the stock market snapped a four-ses- sion string of losses Friday with a powerful advance, The gain was the biggest since the May 29 recovery from the May 28 plunge, which was the worst since 1929. The upward surge in heavy trading raised flagging spirits >n Wall Street, which Thursday saw the market averages sink to their lowest levels in many months. The spurt ran counter to the usual doldrums on Fridays, when trad- ers are reluctant to ge out on a limb in advance of the weekend. Despite the magnitude of he mendations to buy to their cus- tomers. Brokers said ti. demand for stocks was heightened by short purchase of stocks to replace shares which had been borrowed and sold at higher prices. It was a rough struggle for the battered market to come out on top for the day. When the opening trading bell sounded, the Associated Press stock average was at its lowest point since Nov. 2, 1960, and the Dow Jones average of 30 indus- trials was at its bottom level since Dec. 12, 1968. Trading began with an advasce of the loss accumulated during Brokerage houses reported the advance was inspired by big buy orders froni investment funds and Institutions. One broker said demand from those sources was added to the quoted valw, of stocks listed on the New York Stock Exchange. The sweeping gain embraced the steels, motors, rails, chemicals, electrical and drugs. The golds, been gaining during market ness turned downward. Some of the hard-hit volatile' stocks rang up impressive International Business was up (27.50 to UtW Industries to H7.M and Xer- ox ft.50 to tlOO.SC. Trading volume swamped New York Stock porting facilities and at the reports were a minutM cation I tions were back in the a substantial scale. mcoM Into IOMM around mid-day at buying waned. raBy got under way and this ttne it carried through. The AP average xMMced Ml was duDrWi climbed 11.11 to W.H. Standard Poor's MMMk In Ihe belief that a temporary dec I.M M.ffc Mom had been reached, MM fattg "Ml 1 big blocks of sharw-m Door A total of 741 ion that the funds and totitn- miHte was pared with 1M MiUta Tbwfjfc ft tfal Iftr 31, another of _ traded MaM   

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