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New Braunfels Herald-Zeitung (Newspaper) - August 15, 1980, New Braunfels, Texas Opinions 1980 44 HeraldZtitung Claude Publisher George Editor Jack Anderson Presidents lawyers break bank silence For I have investigated the strange financial links between the Carter crowd and the All the the guardians of President Carters Charles Kirbo and Robert have been sitting like stuffed owls on the Carter Kirbo has simply refused to take repeated telephone calls from my reporter Peter Lipshutz answered the telephone at first but gave evasive Once he slammed down the Now out of Atlanta has come a la werly letter from the professing in dignation over my reports and offering a page of obfuscatfon in The letter has the whiff of whitewash common to political documents that are Intended more to conceal than to I reported that the president had accepted favorable loan treatment from a bank controlled by Saudi Arabian Ghaith whose father advises the Saudi king how to deal with Kirbo and Lipshutz now responed by asserting what no one least of all Their letter as if I had reported something what I had been careful to point out Tha t Carter became indebted to the National Bank of Georgia before he became president and before Saudi Arabians acquired his stock in the I agree completely with Kirbo and Lipshutz that the Saudis had no interest In this obscure bank until Carter had become But here are some other points the Atlanta lawyers omitted from their letter 1 That the Saudis had learned the Carter peanut business was one of the banks biggest borrowers 2 that the Saudis were also aware President Carter wanted to save his buddy Bert from financial ruin 3 that Pharaon then purchased Lances stock in the bank for about double its worth 4 that Pharaon consulted his father in the Saudi palace before making the purchase 5 that it was a questionable investment in a bank which was losing money and paying no dividends 6 the bank renegotiated the Carter loan shortly after coming under Saudi control 7 that the new repayment terms were favorable to the Of all the banks in why would Saudis want to acquire the National Bank of Georgia The Saudis have made no secret of their belief that the real source of Jewish influence in Washington is a financial hold on the politicians who wield the It follows that the old hands at the politics of bribery and would seek to use their petrodollars to gain a similar hold on the purse strings of the The KirboLipshutz letter also disputes my claim that the Carter family in 1978 got a break on their loan from the now Saudicontrolled Declares the letter The Carter business got no break for or In the family peanut works lost about in 1977 and wound up the year with more liabilities than This caused a strain on the presidents since he was the only member of the family with the resources to make the payments on a construction These were the circumstances when the Saudicontrolled bank reduced the principal repayment in 1978 from to After taking into account the extra this amounts to a break of To be as fair as I used an even lower figure in my earlier the presidents trustees wind up their letter with a paragraph of They write The public records of Sumter have anyone who really wants the loan of NBG to Carters Warehouse was paid in full and satisfied in early The same public records show that the collateral previously given to NBG now is held by Trust Company Bank of But this raises more questions than it The document transferring the loan was orignally set for This was the day before the United States voted in the United Nations to condemn Israeli settlements on the West The vote raised such a storm in the Jewish community that Carter repudiated But the timing suggests that the presidents trustees were trying to move the loan out of the bank before the vote was Why the hasty transfer Perhaps it was precipitated by questions in January from my Peter who inquired about the presidents indebtedness to a Saudi owned bank at the same time he was taking foreign policy cues from the You the Saudis had pressed the United States to join in condemning the Israeli The president repudiated the and at about the same Charles Kirbo took off for Saudi Arabia on a mysterious mission that hasnt been Mailbag Berst decries voter apathy To the Editor In answer to an article of August concerning the This is written the approximately 90 percent of the eligible voters who didnt bother to go to the especially when their future health is a Isnt is amazing that the National Institute of Dental Research mentioned the tremendous advantages of drinking natural fluoridated water against un fluoridated Here we have to per million of natural calcium in the form of Sodium by the was used in large for the making of rat you get nothing for The Federal Government hands out grants like theres no you and as pay for each and City after city has rejected Hundreds of cities have thrown out fluoridation after trying New Braunfels thinks we have to have to have Why BECAUSE 10 percent DEEMED IT NECESSARY TO Houston voted not to Los Angeles voted not to San Diego discontinued after trying Mandatory fluoridation was defeated in New York Kansas discontinued after trying Kansas voted Mandatory fluoridation was defeated in voted all voted It was banned in the state of This just scratched the I could go on and most of the Pennsylvania cities officials who voted for fluoridation were not re Aside from the fact that it it takes extra people to maintain and which is more Fluoride has a habit of clogging pipes and It takes New Braunfels has a lot to look forward to all because and and you didnt Bill Berst NO FAULT INSURANCE NO FAULT DIVORCE NO FAULT CAPITALISM Remember when 25 years ago Standing in the Comal County Fair Queens Contest has taken a decided change during the past and Miss Irene Staats is now in the Miss Annie Vogel comes and Miss Herma Benoit The gneral contract for the erection of the new First National Bank Building was let Thursday at noon to Burney and of San Their bid was The city commission and a committee of Adolph Harry Bailey Jones and Fuchs decided Tuesday to drop for the present the matter of the purchase of Landa Seen About Town Judge Adolph Seidemann with a complete oil drillers outfit It was given to him by the Lions Club August and since then Judge Seidemann has been strutting the streets feeling like an oil A test well is being drilled three miles east of New Braunfels on Seidemanns Up until Wednesday approximately 500 bales of cotton had been ginned by the gins in this On this date last year no bales had been Carl aged 52 an esteemed and widely known resident of died Tuesday night after a lingering Miss Alvina daughter of and John was the hostess of a very pretty birthday 50 years ago On September the city of New Braunfels will make the final payment on the City City Clerk Emil Haas said he would issue a check for on that date and close out the 25yearold City Hall was built in 1930 at a cost of Somebodys got to get some water in Hinman told fellow members of New Braunfels Rotary Club Wednesday Up to now we nave only talked about saving them Comal said the and our underground source is continuing to be tapped cant afford to allow our springs to Eleven members of Teutonia Lodge Order of Hermann helped member Henry Meyer celebrate his 76th birthday on July The engagement of Miss Mae Laidley of New Braunfels to Jack Kraft has been The New Braunfels Unicorn cheerleaders proved to be among the tops in the Southwest at recent competition held at the University of This team tied with a team from Kansas and Oklahoma for honors among 50 schools from six They Marjorie Betty Sue Patsy Jean Gardner and Patsy The three top winners in the annual Comal County Senior 4H Girls Dress Revue are Jeannette Snoddy of Spring champion Maxine Glenewmkel of Central second and Betty Jean also a member of the Central Henry Taylor Algeria is plagued Algerian Petroleum Minister Ab decahmane Nass now sings the At a secret session of the National Liberation Algerias only he stated Today we are running out of We have only about 18 years Our enormous natural gas reserves similarly are We com munists have wasted our Nass added that more than half of all known oil as well as much of the natural gas under Algerias has been pumped up and This has netted the government billions of due to haphazard in this windfall has become a International Telephone and Telegraph was hired to build a large electronics plant at Sadi Abbes steel mills have been erected at Annaba and 30 miles from Algiers Mediteranean coast and a telephone equipment factory has been built at Constantine now is the center for tractors and machinetool produc and Medea is outstanding in the manufacture of pumps and But Nass remains convinced that this and similar industrialization is a since oil and natural gas reserves have been Now such leaders as Algerian President Houari Boumedienne are forced to admit that much of the money has been wasted on illconsidered projects that were undertaken without any testing of demand for The tiny Hassi Messaoud marketplace is a microcosm of Algerias tragedy of wasted A used foreign TV set sells for more than half as much as an Algerianmade said the Its French and works More than a million French settlers have been sent Their estates in Algiers and throughout the country have been broken up or turned into The French language and French culture were condemned to death by a government policy of The bureaucracy is and state industries are not competitive the makework is This slows down Algerias entire absorbing an increasing amount of the oil and natural gas The governments foreign debt ex ceeds and agriculture has In 1979 this collapse forced Algeria to import about billion in The dollar is worthless like other currencies and bank is handled only by the central Bank of As a result of Algiers shameful Boumedienne forced the resignation of his industrial who had been allowed to raise oil and natural gas revenues and then spend the Boumedienne split this ministry into three parts heavy industry and light At the same he appointed to the energy post a loyal and intimate Nazim director of oil and natural In taking Zouioche stated We aim to hold oil production steadily around the present annual 57 million tons with only small variations insuring wells at optimal In the coming he natural gas exports will Mean Algeria sharply is boosting its natural gas We are renegotiating our prices with and European At Zouioche attempted to charge oil buyers per barrel as an ex ploration This meant lifting the price of crude Customers could charge the premium against Algerian Zouioche now announces that Algeria has oil and natural gas exploration Zouioche has stated Algerias objective of turning its natural resources toward an industrial as if the past waste of manpower means Algeria is in deep
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