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Abilene Reporter News: Wednesday, July 3, 1974 - Page 1

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   Abilene Reporter-News, The (Newspaper) - July 3, 1974, Abilene, Texas                                "WITHOUT OR WITH OFFENSE TO. FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT 94TH YEAR, NO. 16 PHONE 673-4271 ABILENE, TEXAS, 79604, WEDNESDAY EVENING, JULY 3, PAGES IN FOUR SECTIONS Associated Press By BLUE RFJCKER You're Too Late If You Wanted Changes Q. I'd be very inlereslcd lo know how much the Texas Constitutional Conven- tion Circus Is costing the taxpayers or Texas. This fiasco has been going on for quite some time and seems to be a per- manent fixture in our stale. llow much is paid delegates for their time and expenses? How do you gel to be a delegate? I'd guess they're making more money doing nolhlng, Ihan I am working. I might like lo get on this freeloariing bandwagon. A. Too late, you should have run for of- fice. Delegates are all senators and repre- sentatives of the Texas legislature. Approximately million was appropriat- ed in 1973 for the first 90 days which ran out May 31. Legislators had the authority to appropriate more, if needed, so a CD-day extension was granted and an additional S1.8 million, according lo me Constitutional Con- vention Information Center in Austin. The million includes per day paid each legislator plus actual expenses, tip lo one trip a back home, at 12 cents a mile, pins a month to pay his conven- tion staff This is in addition lo his annual salary of The 37 commissioners who traveled the slate listening to the people prior to the con- vention were on a budget but didn't spend thai much and will give some back. Commissioners' budget is in addition to the 53.8 million appropriated for the convention. Commissioners wrote a proposed conslilu- tion after taking testimony all over the state. The Constitutional Convention cannol meet legally after the end ot July. Legisla- tors expect to wrap it up by then. A. Are Porter Wagoner and Dolly Par- Ion married? How old is Dolly? A. They're married but nol to each other. Maybe they should be, everyone seems to think they're quite compatible. Dolly is the wife of asphall contractor Carl Dean. Her publicity releases say she's 28. Wagoner is a very private person, gives almost no infor- mation about his family has a dnlighter, lives in Nashville, ana is 41 years old. A. My African violets have green leaves but never produce any blooms. What's wrong? Why no productivity? A. African violets are temperamental so Fie sure: you're feeding it systematically, it's not a plastic plant, 33. it's not in loo large a pot, you divide the crownhcads if it's overcrowded. It'll grow like mart in a large pot but won't bloom, says plant expert Paula Cart- er. It needs light but not sunlight; nortmvin- dow is great. If you've talked to it sweetly and il docs not listen, try singing to it sotlly. "Sweet Violets" would be appropriate. A! Doesn't the terra "Congressman" cover both the U.S. Representative and Ihe U-S. Senator? How did it come to pass that we usually refer to (he Kepre- sentalive as a Congressman but almost never so refer to a Senator? A Onginally the word simply referred to any member of Ihe U.S. Congress but as time passed, for no special reason, the usage changed until by the turn of the cen- lury il was most commonly used lo denote a member of Ihe House of Representatives. Our dictionary defines congressman as a member of Ihe U.S. Congress, especially of (he House of Representatives. So if yon want to get technical it could be used cither way. Address questions to Action Line, Box 30, Abilene, Texas 79604. Names will not be used but questions must he signed anrf addresses given. Please include tel- ephone numbers if possible. I Area Relief I On Drought I To Be Asked fe A six-man disaster commit- 'tl lee will recommend to Taylor K> County commissioners Tues- K day that the county be de- (8 clared a disaster area lo ob- i lain relief for drought-hit 3' farmers and ranchers. Don Saverance, chairman of Ihe commillee, also said ef- forts are being made lo have the entire I9-county area served by Ihe West Central Texas Council of Governments declared a disaster area as well- THE MOVE, Saverance said, would lend support lo the committee's argument that Ihe Big Country is in need of federal government relief pro- grams because of the lack of rainfall. Individual county judges must make the recommenda-. lions to the governor, he siid. A target dale of July 15 has been set for the request. Ail-Time Bank Marks Set By DICK TARPI-F.Y Managing Editor Bank deposits and loans skyrocketed more than 20 per cent above figures a year ago in Abilene and Taylor County, reaching all-time highs June 30. Bankers were cautiously op- timistic about the economy. Record retail sales were off- set by worry about the agri- cultural economy because of lack of rainfall. Inflation and higli interest rates were still sources of concern, but bank- ers generally indicated a be- lief that inflation was tapering off some and that interest rales were near a crest. Abilene bank d e p p s i.t s soared from a year ago at the mid-vear bank call to a's o[ June 30 this year. Taylor County's eight, banks climbed from I0 Both were increases of 22 per cent. Previous records were es- tablished Dec. 31, 1973 mally year's end is Iho time of highest deposits when the five Abilene banks had on deposit and the count v's banks reached FOR THE FIRST lime in history, two ot the Abilene banks were over million in depDsits at the same bank call. Both Citizens National and First National banks had been over the million fig- ure before, hut not at the same time. A third hank, First State, was only slightly more than million away from the magic figure. Deposits 2nd Quarter 1st Quarter 2nd Quarter June 30, April 24, June 30, 1974 1974 Abilene Notional Bonk Bank of 7.920.CM6 7.817.252 Citizens National Bank Firsl Notional Bonk____ First Stole Bonk TOTAL ABILENE F M Nol'l Bonk, Mcrkol Home Slate Bank Trent 899.024 First State Bonk. Tuscola 5.670.050 5, 62.512 TOTAL 3 RURAL BANKS TAYLOR COUNTY TOTAL Loans in Abilene banks went over Ihe million mark for Ihe first time in his- tory, reaching while county banks totaled These figures are 21 per cent above a year ago and a four per cent gain in the past three monlhs. The emphasis on the rain problem was summed up slrongest by J.G. Wilks, presi- dent of the county's smallest bank, the Home Slate a.l Trent. "It's hot, dry, and we need Wilks said. '-That just sums it up real rain. We'll Handshake on Agreement President Nixon and Soviet leader Leonid In bark are Soviet President Nikolai Pndgorny and Pre- Brezhnev shake hands after completion of agree- jnier Alexei Kosygin. Next to Nixon is Viklor Sukhoclrev, inent signing ceremonies Wednesday in Moscow, ihe translator. (AP Wirephoto) Leaders Aim for Nuclear Limitations By BARRY SCIIWEID Associated 1'ress Writer MOSCOW (Al1) President Nixon and l.eonitl I. Brezhnev agreed today lo aim for a 10-year pad limiting offensive nuclear weapons but aban- doned their search fov a per- manent accord. In a joint communique sum- ming up their third summit conference, the A m e r i can President and the chief of Ihe Soviet Communist parly also committed their governments to stop underground nuclear, weapon tesls with an explosive force of more than 150 kilotons and to put new limits on their missile defense systems. The underground test treaty is lo lake effecl in 21 monlhs, on March 31, I97G, and 're- quires the approval of two- thirds of the U.S. SciiiUe. The agreement on missile defen- ses, which is in Ihe form of a protocol to the 1972 treaty, probably will be submitted to Congress in the form of a res-. olulion seeking endorsement. As part of the partial tesl ban, Nixon and Brezhnev came lo an unwritten under- standing that observers from each govennent would be al- lowed to visit the other's test sites to verify compliance. If implemented, it would he the first time the Soviet Union has allowed such American observers on its territory. Secretary of Stale Henry A. Kissinger told newsmen the two leaders had.given up the goal of a permanent ban on offensive nuclear weapons. But he said the third annual WEATHER" U.S. OF COMMERCE Ngtlorul WHtMf (Wnnwr Mop, PI. SC) ABILENE AND VICINI1Y (Id-mile radius) Portly cloudy ana continued worm rriroueh Thursday. winds 15 to 25 mph. High today and Thursday In mld-Ml. Low tanlQM In mhl-70s. Wind warnings In effect on area lakes lodfly. High and row for 74 hours ending 9 a.m.; 96 and 73 Hlgti ind low same date lasl year: 9J end 71. Sunrise today: tonigM: Sunrise tomorrow: Nixon-Brezhnev s u in m i I "shouldn't he seen in terms of hilling a home run on one oc- casion." A 10-year pad, if it can ho worked out by U.S. and Soviet negotiators in Geneva, would cover "the realities" of fore- seeable weapons development, and "that is about as perma- nent" as any accord that could bii- arranged now, Kis- singer said. Nixon and Brezhnev met late in the morning in advance, of the ceremonial signing of the communique. .The President was lo leave for the United Slates in the afternoon. With.theirT972 ban on some offensive weapons running out in 1977, the two leaders agreed that a new treaty should be, completed "at Ihe earliest possible date" and should run until 19S5. It would try to limit both newer type weapons, in- cluding missiles with multiple warheads, and the numbers being deployed. Kissinger said the key prob- lem remains how lo correlate the 3-to-l U.K. advantage in missiles with multiple '.var- lie-ads and the Soviet advan- tage in launchers. lie said he expects Ihe Ge- neva negotiations to resume on Aug. I "give or lake a couple of weeks." The 150-kiloton celling on underground nuclear explo- sions to which Nixon .mil Brezhnev agreed is equivalent lo the explosive force of tons of TNT, or times the force of the atomic bombs the Unite d Stales dropped on Hiroshima and Na- gasaki. The most powerful nu- ciear device so far tested had a force equivalent to 57 mil- lion tons of TNT ami was ex- ploded by the Soviet Union in 1961. Kissinger said the two gov- ernments had in mind a fot- lowup agreemenl that would permit explosions for peaceful uses above the 150-kiloton lim- il. Such an agreement, he .said, would call for Ihe pres- ence of observers at the lest explosions, most probably from the two powers but pos- sibly from third countries. The agreement on missile defense systems expands Ihe 1972 treaty which limited the two countries lo two such in- stallations each. Only one is in place in each country tha Soviets' protecting Moscow and the American system shielding Miniiteman missiles at' Grand Forks, N.D. Today Nixon and Brezhnev agreed not to build the second insl.il- lation. Kissinger said this "has pro" found strategic consequences" since multiple warheads were developed primarily lo over- come the antiballislic mis- siles, or ABMs. He said within five years Ihe United Stale.; and the Soviet Union could choose to relocate Ihe rme missile defense system now permitted. Nixon and Brezhnev also joined .in a slaleinent advocia- ing that measures be taken lo guard against changing Ihe environment for military pur- poses. The communique touched on a number of world problem.; and olher negotiations that arc going on. The two leaders said "re- moval of Hie danger of war and tension" in the Middle East was of paramounl impor- tance and urgency. In Europe, Ihey called for a "successful completion" of Ihe security conference now NEWSlNDEX Amusements 7D Bridge 4B' Business Outlook 5E3 ClossifierJ 2-6D Comics 7B Fdilcrials 4A Horoscope 5B Hospilol Policnls 5C Obituaries............. 6D Soorls 1-4C To Your Good Heallh...... 5B TV Loq................ 7D TW Seoul 7D Women's Nevi 3E hogged down in Geneva. The United States agreed with So- viet desires that it wind up with a 3-iwlion summit meet- ing lo increase its importance in Ihe eyes of the world, but Kissinger stressed-tlial such a summit should be held only if il was waiTiinled. At Ihe conference, Ihe Soviet Union is seeking formal West- ern recognition of ils hege- mony in Eastern Europe, while the West is demanding lhat in exchange the Kremlin lower ils barriers to free nioraiiienl of persons and ideas in and put or the .Soviet bloc. Speaking on the issue of c u r b i n g offensive missiles, Kissinger at one point re- marked that "bcth sides have to convince Ilieir military es- tablishments of the need for restraint." Reporter-News Business Office Closed July 4th Whrfe both morning and even- ing editions wilt be published as usual Thursday, Ihe business office will be closed for the July 4th hoflday. Deadline for Classified Ads to run Thursday and or friday od Family Weekenders should be placed today by P.M. If You Miss Your Paper on Thursday, call before A.M, lor the morning edilron ond before 7 P.M. for ihe evening ond one will be delivered lo you. Have a safe arid happy 4thl Loans Abilene National Bank Bank of Commcrct Citizens National Bank hirst National Bank First State Dank....... TOTAL ABILENE F M Nol'l Bonk Merkel Home Stale Bank, Trent State Bank Tuscola TOTAL 3 RURAL BANKS 2nd Quarter 1st Quarter 2nd Quarter June 30, April 24, June 30, 1974 1974 1973 8815.307 1632224 '332 494 16 1 794.172 375B.B91 TAYLOR COUNTY TOTAL 7 have a complete (crop) Failure if we don't get rain. It's pretty Merkel and .Tuscola bank presidents also cinpliasi-ml Hie drought problem, while presidents of the five Abilene banks were a litlle more opti- mistic, while sharing concent for the critical need of good rains. "MOST PEOPLE T talk said John Wright, president of First Slate Bank ol Abilene, "arc of the opinion dial a good rain, lower interest rates and higher cattle prices are our most urgent needs. Agri- culture is a very imporlant. segment of our economy ami the fact that prices for raw [arm pvDduc-ls have dropped for the fourth consecutive month is very disturbing. "There'is sonic evidence of progress in slowing .jn.Flall.on and in the rate of general price increases. Industrial out- put is up. Expansion in energy Forecasters See Brisk Winds Only Although Ihunderslorms and at least one tornado menaced the Texas Panhandle Tuesday night, forecasters at the Natiou- ;il Weather Service said Wednes- day that Abilene is in [or no more than brisk winds. Forecaster Darren Crawford said Ilial a low pressure through lo the west is kicking up the winds, bill thai il should pass through the area by Tlmrsciay. OTHEK THAN a .strong, dry, southerly blow, no oilier effect is expected from the system, he said, and Ihe winds should drop off Thursday. Gusts above 50 inph were measured in Lubbock, where blowing dust cut visibility lo less than one-half mile at times. Crawford said no dust is ex- pected in Abilene because nf Hie trough. Hail also accompanied Ihe storms in Ihe Panhandle and Ihe Vlains sector of New Mexico. Radflr spotted a tornado funnel cast or Whitefacc spinning east- ward toward Lubbnck, but it ap- parently disappeared without doing any damage. Although showers and brief torrential downpours dampened some localities in far Tex- as, chances for rain in Abilene continue to lie about nil, Craw- ford said. output has contributed signifi- cantly lo this advance in pro- duction. The capital goods boom continues lo furnish a solid underpinning to the re- covery and most forecasters now expect steady improve- ment in Ihe economy for the rest ol Ihe year." "ECONOMIC conditions in the Abilene area remain very said nobevt Upton, president of Citizens National Hank of Abilene. "Business activity is moving at a rapid pace. We (lo notice that the increased cost of bur- rowing is now beginning lo -slow in some areas. We think we've about readied the peak and are looking forward to E tlownlourn.m Ihe near future. Inflation has hurl most busi- nesses: however, most of our customers report their overall profits are at their highest Icv- .els." Improved conditions in the oil economy has offset some of the other problem areas, Kenneth Murphy, executive vice presi- dent of the First National Bank of Abilene, pointed out. "The Abilrae business, econo- my is experiencing an excep- tionally strong he said. "Tliis is evidenced particularly by the recent report rellccling increased retail sales. The lack of vain coupled with the de- pressed livestock market on Iho other hand does represent mat- ters of considerable concern. "Offsetting this segment to a large extent is the oil business, which without question is play- ing a very significant part in our overall healthy economic situalio'n Ihis year in this area. "I DON'T KF.K any disaster (for the Flanking but certainly I think the agricultural year is going to be disappoint- ing. We certainly hope the inter- est rales are peaking out and dial we'll be able lo sec some decline in line light money situa- tion (luring Ihe next two ters." Don Hank of Com- merce president, stressed Ihul high interest rales are tied to IhK inflation problem. ''Prices arc rising more than people can Maples said. "This country just must get ran- Irol of inflation, and certainly a lax cut is no way lo do it. I expect we will see generally high interesl rales for as long as it takes lo gel jnllalion back un- der control." Maples said lie didn't know of Sre BANK, Pg.'3-A, Col. 1 East Texas Banker Joins 1st National Joseph kklwin Canon has been elected vice president and a irusl officer al First iViilioiiiil I'ank. He will join the slatf Monday. Canon comes to Abilene from Lutkiu where he has been senior vice president Irust officer aX Lutkin Nation- ill Hank. He was also formerly will) Forl Worth National Bank, and with Price, Water- house and Co. as a staff ac- countant. CANOX IS an attorney, hav- ing received his law degree from the University of Texas. His undergraduate work was at Notre Dame and Texas Tech University, and he has a BA degree in economics. A native of Midland, he was graduated from Aliclland High School. An Army veteran, he atliiincd Ihe rank of captain in Ihe Adjutant General Corps, served in Vietnam, and was awarded the Bronze Star for meritorious service. Canon has hccn a member of the Tarranl Counly Junior Bar Assn., and is currently a member of Angelina County liar, and the Texas Har and JOSEPH EDWIN CANON Irani l.ulkin lias been serving as secretary of the Deep East Texas Estate Council. Canon is married to Ihe for- mer Josephine Ilanscn. They have, two sons, Kevin, 5, anil Kyle, .3. The' family attends Hie Christian Church and will reside at S. 20th.   

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