New Braunfels Herald Zeitung, May 3, 1985, Page 7

New Braunfels Herald Zeitung

May 03, 1985

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Issue date: Friday, May 3, 1985

Pages available: 26

Previous edition: Thursday, May 2, 1985

Next edition: Sunday, May 5, 1985

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

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All text in the New Braunfels Herald Zeitung May 3, 1985, Page 7.

New Braunfels Herald-Zeitung (Newspaper) - May 3, 1985, New Braunfels, Texas Reagan wins official support for Soviet arms negotiation New Braunfels Friday May 7A West Germany AP President Reagan won his summit partners backing today for arms control talks with the Soviet Union and a Reagan meeting with Soviet Mikhail Gorbachev to resolve farreaching differences between East and A political statement issued by leaders of the seven major industrial democracies urged the Soviet Union to conduct itself in a positive and constructive way so meaningful agreements can be reached at the arms control talks in The importance of the summit leaders support for the negotiating position at Geneva was underscored by Secretary of State George A show of strength and the actuality of strength by our allies has always been an im portant factor in these and continues to be he said Welcoming the resumption of the Geneva the summit leaders from the United West Japan and Canada declared that we are ready to conduct a dialogue at the highest level over the farreaching differences between East and Shultz said in an interview on NBCTVs Today show from Bonn that a Reagan Gorbachev meeting is likely to take place one of these perhaps when the new Soviet leader travels to the United Nations in New York next discord overshadowed the first formal session of the llth annual economic held in a small room in the Palais the official residence of West German Chancellor Helmut The initial meeting lasted 3M hours a full hour longer than French President Francois Mitterrand reiterated his intention to oppose a and Japanese drive to set a target date for a new round of trade unless there is a parallel to reform the international monetary Sitting around a 10footwide table at the first summit session were British Prime Minister Margaret Italian Premier Bettino Japanese Prime Minister Yasuhiro Canadian Prime Minister Brian Mulroney and Jacques president of the European Community Com Speakes also disclosed that during a dinner Thursday the summit partners discussed international drug traffic and how they might cooperate to curb Mitterrand made clear Thursday in a private meeting with Reagan that differences remain over a move to win agreement on starting a new round of international trade talks early next Mitterrand insists that the new round of trade talks be linked to a conference on the international monetary system aimed at dampening erratic changes in the dollar against other major a move rejected by the United The leaders met amid unprecedented security measures in this usually sleepy Rhine River with about guntoting police on The police fill the nearly empty unemployment remains steady WASHINGTON AP Civilian joblessness stayed stuck at percent in the government said with the pool of unemployed Americans holding at more than It was the first time in a year that the rate was unchanged for three months A survey of businesses showed the economy created new jobs last with significant increases in service jobs and But a household on which the unem ployment rate calculation is said civilian employment was little changed from The business survey showed that manufacturing employment continued its dismal falling by Jobs in service industries rose by while construction employment was up The hightechnology sector was especially hard with large job losses in electrical and electronic equipment Em ployment in that sector has now fallen to the level of last about In addition to manufacturing job the average factory workweek also Despite the business survey finding that more than jobs were created in civilian unemployment has been at million since Commenting on todays the commissioner of labor Janet told a congressional committee that not only was the overall unem ployment rate steady in but there were no significant movements among the major worker Republicans try to salvage Reagans 1986 budget plan WASHINGTON AP With the Reaganendorsed 1986 budget package in Republican leaders are vowing to try something different to reduce federal deficits by at least billion next I hope the president will un Senate Majority Leader Robert said as the GOPcontrolled chamber Thursday night temporarily turned from spending cuts and voted 7917 to recommend a minimum income tax on both corporations and In the Reagan has opposed all efforts to raise challenging Congress to make my day by sending him a taxincrease bill he could the measure approved by the Senate was a nonbinding resolution that would do nothing to reduce the billion federal The vote on the sense of the Senate tax resolution came as the Senate continued to dismantle the administrationbacked On a 5148 roll the Senate voted to slice the administrations military buildup by billion over the next three It came a day after the chamber rejected another major part of the plan negotiated by the White House and Senate scuttling proposed limits on Social Security costofliving We have made our best Dole said following the defense Now we may have to try something The tax brought up unexpectedly by GOP would leave the size of the minimum tax up to congressional taxwriting com Revenues from the tax would be used to reduce individual tax rates or exempt more lowwage individuals from taxes the resolution This is not a tax stressed Bob chairman of the Senate Finance Committee and principal author of the It is designed to levy a tax on individuals and corporations with large incomes who now pay no Bill an adovcate of tax called the measure round onehalf in a 15 round battle toward a fairer tax Yet to be voted on in the budget package are proposed cuts or eliminations in a number of popular programs including termination of Amtrak subsidies and abolition of the Jobs The vote to limit the defense spending increase came on an amendment by Republican Charles Grassley of Iowa and Mark Hatfield of It drew heavy Democratic 659 Landa New Braunfels Open Saturday 91 Zeitun 6259144 Closed and Sunday COLOR YME VCR3 days Special Rent a VCR from Colortyme and get your movies for only a per day Membership required Deposit required VlOee Cassette Htstnler Why shop around We have the best prices in town Plaza Del Rey 78155 3796501 COLORTYMEO Appliances Courtyard Shopping Center New 78130 6293949 REPORT OF CONDITION Consolidating domestic and foreign subsidiaries of the Texas Commerce BankNew Mew Braunfels March 31 Inthnstatanf hnslnnsgrvn norm ji 19fl5 published in response to call made by Comptroller of the under title United States Section Charter Number4295Comptroller of the CurrencyEleventhDistrict Statement of Resources and Liabilities Cash and balances due from depository Noninterestbearing balances and currency and Interestbearing Federal funds sold and securities purchased under agreements to resell in domestic offices of the bank and of its Edge and Agreement and in Loans and lease financing receivables Loans and net of unearned LESS Allowance for loan and lease LESS Allocated transfer risk Loans and net of unearned and Assets held in trading Premises and fixed assets including capitalized Other real estate Investments in unconsolidated subsidiaries and associated companies Customers liability to this bank on acceptances Intangible Other Total Deposits Thousands of dollars ffi In domestic In foreign Edge and Agreement and IBFs None None Federal funds purchased and securities sold under agreements to repurchase in domestic offices of the bank and of its Edge and Agreement and in Demand notes issued to the Other borrowed Mortgage indebtedness and obligations under capitalized Banks liability on acceptances executed and Notes and debentures subordinated to Other Total Limitedlife preferred None None None None 90 None None None Perpetual preferred Common Undivided profits and capital Cumulative foreign currency translation Total equity Total limitedlife preferred and equity the undersigned attest to the correctness a this statement of resources and We declare thatit has been examined by and to the best of our knowledge hag been prepared in oonformance with the i and is true and cogrect Executive Vice President Cashier of the abovenamed bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and Directors Q r 7 1985 f f ;

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