New Braunfels Herald Zeitung, November 7, 1991, Page 4

Publication: New Braunfels Herald Zeitung November 7, 1991

New Braunfels Herald Zeitung (Newspaper) - November 7, 1991, New Braunfels, Texas Records Page 4 Herald-Ze/fung, New Braunfels, Texas Thursday, November 7, 1991GVTC denies television reports Police Blotter By GREG MEFFORD Special to Bm Ha raid ‘Guadalupe Valley Telephone Cooperative representatives said they won’t aggressively dispute allegations regarding the company's affiliation with the Rural Electrification Association, as reported on "60 Minutes" during an Oct. 27 television segment. A "60 Minutes" anchorman, during an expose on the REA, charged the local cooperative with borrowing money from the government association, in spite of its large proflu — $6.1 million in 1990 — and failure to raise rates in more than 18 years. The anchorman also reported that GVTC had pursued the purchase of a failed savings and loan institution, questioning the wealth of the company as part of a report on low-percentage loans made to large corporations by the REA. Ken Brannies, president and chief executive offer of the company, said GVTC representatives haven’t spoken with reporters on the segment, titled “Welfare for the Wealthy," before or after the reportaired. “And we will not," Brannies said. In response to charges made during the segment, Brannies said the show erred in its reporting on the Smithson Valley-based company, which hasn’t borrowed money from the REA in more than IO years. “Contrary to the ‘60 Minutes’ report, OVTC does not, as stated, have $5.5 billion in REA 5-percent loans," the cooperative’s board of directors said in a statement released last week. "We do not, and never had, any REA 5-percent loans," the statement reported. However, Brannies confirmed that the cooperative’s board of directors did investigate the purchase of First Federal Savings, which closed "You can't fight people who bank by the barrel, and you can't buy equal time ... I don't think the program was fair at all. We don't feel like we have anything to defend at all. We're not on the offense either." — Ken Brannies, president and chief executive officer of GVTC branches in Saltier and New Braunfels earlier this year. “We didn’t go out and buy a savings and loan, Brannies said. “But we’re looking for investmenu to keep this company alive. “We’re going to Investigate anything that comes along,” Brannies said. “We think (the purchase) would’ve looked great." Had the purchase of the financial institution gone ahead, Brannies said the cooperative's membership would have to approve such action through an election. Although he considers the report inaccurate, Brannies said GVTC officials acknowledge the need for reform within the REA, which is charged with granting privileges to companies that have outgrown the need for the association's benefits. “This board of directors feels the REA’s rules need to be rewritten," Brannies said. "The REA is not Intended for the OTEs, and I'll state that to them. “I have for the past IO years,” Brannies said. icnccd any non-iupportive feedback from iu members to date. "Guadalupe Valley has had no problem with this whatsoever — so far," Brannies said. “Our members love this company," he said. The cooperative will not seek to have “60 Minutes" correct the errors reported during the segment, Brannies said. “You can’t fight people who bank by the barrel, and you can’t buy equal time," Brannies said. “I don’t think the program was fair at all,” Brannies said. "We don’t feel like we have anything to defend at all. We’re not on the offense either. “And what’s wrong with not raising your rates in 18 years? I thought that’s what we’re supposed to do," Brannies said. The executive said he couldn’t foresee the cooperative ever requiring another REA loan. However, if REA opponents intend to continue questioning the association's policies, he said it may be lime for those rules to be changed. iik -rn jfr w Mm * A historic wedding Tqurs of the First Protestant Church are available daily from 10 a m. to 4 p.m. through Sunday, Nov. 10. Trje special exhibit this year features weddings. On display are wedding gowns from the 40s and memorabilia from weddings through the years. The church is located at 172 W. Coll St. Eagle Scout project New Braunfels Police Department blotter frdm 7 a.m. Nov. 5 to 7 a.m. Nov. 6 (unfounded and no-reports not included): Tuesday morning 8:32 — Report on criminal mischief, TO able, Officer M. Garcia. 9:17 — Report on theft/shoplifting, IOO block of Garden Street, Officer M. Garcia. 10:06 —- Report on burglary of motor vehicle, La Mesa Drive, Officer T. Lange. 10:51 — Report on serve other warrant, comer of Mill and Academy Stroet, Officer S. Stevens. 11:36 — Report on theft/ shoplifting, 200 block of Trade Center Drive, Officer M. Garcia. Tuesday afternoon 1:09 — Report on runaway, IOO block of Garden Street, Officer R. Bell. 1:57 — Report on drugs/ paraphernalia, IOO block of Garden Street, Officer J. Vargas. 2:13 — Accident and property damage, Texas 46 South, Officer M. Osborne. 2:31 — Traffic stop/citation, Mooniest, Officer J. Wommack. 3:37 — Report on deceased person, 600 block of Lakeview Boulevard, Officer M. Osborne. Tuesday waning 6:33 — Report on burglary of a habitat, comer of Texas 46 and Oakwood Boulevard, Officer W. Spence. 7:16 — Report on canine use, Salge's, Officer S. Lange. 9:43 —Traffic stop/citation, comer of Plum and Spur Street, Officer U. Fire calls Despite the negative ring of the "If they don’t like the way things television report, Brannies said the are going, change it — and we’ll telephone company has not exper- abide by the rules,” Brannies said. New Braunfels Emergency Medical Service and fire calls from 7 arn. Nov. 5 to 7 a.m. Nov. 6. Tuesday 8:18 a.m. — NBFD; 1345 Lee; smell of gas. 12:47 p.m. — NBFD; Interstate 35 at Schwab; false alarm. 2:14 — NBFD; Texas 46 at Interstate 35; assist EMS. 3:29 — NBFD; 631 Lakeview; assist EMS. 3:56 — EMS; Kirkwood Manor to McKenna; medical emergency. 4:14 — NBFD; 843 W. San Antonio; radiator hose broken. 5:36 — NBFD; 2665 W. Katy; refuse fire. 6:06 — NBFD; 1069 River Rock; m EMERGENCIES faulty alarm system. 9:19 — EMS; 500 block of County Line Road to McKenna Memorial Hospital; medical emergency. 9:56 — NBFD; Interstate 35 at public boat ramp; car in river. Patino. 9:47 — Report on suspicious vehicle/recovered stolen, U.S. 81, Officer W. Spence. Wednesday morning 1:01 — Report on canine use, 600 block of Walnut Street, Officer S. Lange. 1:49 — Citation for suspicious vehicle, comer of Narcissus and Larks, Officer S. Lange. 4:54 — Traffic stop/citation, FM 306, Officer W. Spence. Summary 53 total calli for service. Total response time: 1:33, average WM :02. Total on-site time: 10:16, average wu:12. Total expired time: 12:52, average was :15. Obituaries Allen E. Hudson Services are pending for Allen E. Hudson, 68, of New Braunfels at Doeppenschmidt Funeral Home. He died at his residence Wednesday. Dial FIRE POLICE I 911 PUBLIC NOTICE On April 16,1991, GTE Corporation COTE") and Conte! Corporation ("Contd") filed ajoint petition for declaratory relief with reaped to the obligation! or requirement! of GTE or Con tel r ,._______mi i iMi i ...I .1________fflfo__J r* ..i nm Contr1 k-u- I nor ublic M|uihw7 v rwiw, /, • un.    •    -»    \    ’ — Jupp. . , , . that no inveatigation of the merger by the Commiaiion ii required. In the alternative, GTE and . a a. _     I__.1_ .------^..JiL    a<iL]L Lieaaal Conte! leek a determination that the merger if confluent with the public imereti. petition for dedaretory relief with reaped to the obligations or requirementa of GTE or Conte! end/or any of iu aubaidiariea relating to the merger of GTE and Cornel. GTE and Cantel have requeued a ruling from the Public Utility Commiaiion of Texai that neither GTE nor Conte! ii required to report the merger of GTE and Cornel pursuant to Section 63 of the Public Utility Regulatory Ad ("PURA"), TEX. REV. CIV. STAT. ANN. an. 1446c (Vernon Supp. 1991), f_____________   the    prom facilities or aecuriiiei to be acquired, diapoeed of, merged or consolidated. If the Commiaiion Anda that the merger ii nd in the public interval, the Commiaiion ahall take the effect af the iran taction into confident! on in GTE Southweat Incorporated'* and Contd of Tex aa, Inc.'a next ra tem aking proceeding and di tallow the effect of auch iran notion if it will unreasonably affect relet or services. This filing has been assigned DockdNo. 10212. Persona who wiah to intervene or otherwise participate in these proceeding! should notify the Commistion. A request to intervene, participate, or for further information, should be mailed by 3 p.m., December 31,1991, to the Public Utility Commission of Texas, 7800 Shoal Creek Blvd., Suite 400N, Austin, TX, 78757. Further information may also be obtained by calling the Public Information Division of the Public Utility Commission at (512) 458-0256, or (512) 458-0221 teletypewriter for the deaf. Mi Kristopher Bunche, l«ft, prwonts four spins boards to Lt. Frank Gonzalez and Dsnnls Williams of the New Braunfels Firs Department. Boecht made the boards as an Eagit Scout project. He was assisted by other members of Boy Scout Troop 381. Also pictured is Boy Scout Devin Koehler. MINKER HULOn this Veterans Day the DAV asks you to remember the high price America’s veterans have always paid for freedom.Disabled American Veterans ;

Share Page

Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Issue Date: November 7, 1991

RealCheck