Get 1 more page view just for clicking
to like us on Facebook
New Braunfels Herald-Zeitung (Newspaper) - March 29, 1994, New Braunfels, Texas Page 4 Tuesday March Opinion To talk with Managing Editor Mark Lyon about the Opinion page call 6259144 jjJM Opinion QUOTAS Facts are like cows If you look them in the face hard enough they generally run Dorothy L Sayers author 1955 EDITORIAL A healthy sign Pending sale of Citizens Bank highlights the robust recovery of Texas banks The pending sale of Citizens Bank in New Braunfels is a sign of an important change in Texas Citizens Bank is being acquired because it is financially strong As we all know that within very recent memory was more often than not the situation Not so very long ago when a banks owner ship changed it was under the watchful eye and direction of federal authorities concerned with protecting those who were in one way or another financially involved with that bank Citizens Bank President Bill Cone probably said it best when talking with a friend soon after news of the banks pending sale began to surface said Its really a story of Texas banks turning Theyre selling for the right reasons instead of the wrong Small banks in Texas have been showing record profits of late Citizens Bank which opened late in 1986 has seen improved operating performance every year since then The banks net income in 1992 was In 1993 it was That is a growth of better than percent Deposits in the bank totaled in 1992 By the end of 1993 they had grown to or more than 18 percent Loans at Citizens Bank during that same period grew from to The bank has consistently shown the highest loan to deposit ratio in the New Braunfels market And its capital to assets ratio is better than 7 percent well over the regulatory minimums All of those things and many more were at the root of what Cone termed a very attractive offer made by those whose acquisi tion of the bank is pending That offer is a formula based on the banks book value and future earnings If the closing of the sale occurs Sept 30 as is anticipated shareholders will receive approxi mately a share or slightly more than million All of that is subject to continuing negotiation of course but cer tainly it makes Cones very attractive offer description seem an understatement That offer came because of the strength of the New Braunfels bank It also came because of the fast increasing strength of the Texas banking community Todays editorial was written by David Sullens editor and pub lisher of the New Braunfels Write The New Braunfels HeraldZeitung welcomes letters on any public issue The editor reserves the right to correct spelling style punctua tion and known factual errors Letters should be kept to 250 words We publish only original mail addressed to The New Braunfels Herald Zeitungbearing the writers signature Also an address and a telephone number which are not for publication must be included Please cite the page number and date of any article that is mentioned Preference is given to writers who have not been published in the previous 30 days Mail letters to Letters to the Editor The New Braunfels HeraldZeitune Drawer 311328 New Braunfels Texas 781311328 New Braunfels HeraldZeitung Editor and Publisher David Sullens General Manager Cheryl DuVall Managing Editor MarkLvon Advertising Director Davis Circulation Director Carol Ann Avery JJessnpOT Foreman Douglas Brandt Classified Manager Karen Reininger Composition Manager Carole Ann Waide Qty Editor Roger Croteau PubKsbed on Sunday mornings and weekday mornings Tuesday thrash Friday by the USPS 377880 707Landa Si or Drawer 31 1328 New Braunfds Canal County Tx 781311328 Second dass postage fels in New Braunfels Texas in Canal and Guadaliyecomnijes three months six months QKyejr Discounts by coast delivery oily six months one year ddjvery outside Comal County in Texas three months S26J55 six months one year Mail outside Texas six maths one year who have not receive a newspaper by Tuesday throughftiday or ley sm w Sunday may call 210 6259144 or 210 tollfee for wnonSuoday SHBd lo toeNewBrawifels HertMZtitung Draw When government treats us like children Labor Secretary Robert Reich last week proposed a prohibition on smoking in all indoor workplaces including bars and restaurants The main justification he put forward for the ban is that is would increase worker pro ductivity percent saving industry SI5 billion a year Now almost everyone would agree that worker productivity is a very worthy cause more Roger Croteau important for example than personal freedoms So in the name of making us all better workers here are my suggestions for increasing worker pro ductivity Since well rested employees are more produc tive than tired employees Mandatory Bedtimes for all workers Lets say is lights out across the country or maybe Labor Secretary Reich should study the matter before setting the bedtime A high fat diet has led to many health prob lems in the workforce the savings to industry would be immense if employees would simply eat healthier So I propose Mandatory Lunch Bag Checks at all businesses Anyone found pack ing fried chicken pastrami or anything else of dubious nutritional value would have their lunch confiscated Although I cant quote a study I am confident that people who exercise regularly are healthier and therefore more productive on the job That is why I feel and I am sure Labor Secretary Reich would agree that workers should attend Daily Mandatory Exercise Class Do you see my point Are any of those sugges tions any more ludicrous than the government for bidding you from smoking in a bar OK maybe my suggestions might be a little sillier but not that much It bothers me when government bureaucrats decide they know what is people than people themselves do It all comes down to where you draw that tricky line between the public good and personal free dom This move would be a small but significant move away from personal freedom and for what To hear Reich tell it we would give up that small piece of our freedom in the name of worker pro ductivity Bad idea in my book Why not allow indi lual businesses decide their own policies on the matter of smoking at work This is the kind of excessive government regula tion that President Bill Clinton had pledged to eliminate If a business wants to allow workers to smoke it would have to designate a nonworking area with a separate ventilation system a major expense It is estimated it would cost businesses bil lion a year to comply but save billion in increased productivity and decreased health prob lems I dont know where Reich got the figure million or the percent productivity increase I am always skeptical of such claims And I am always skeptical when the government decides it knows better than its citizens what is best for them And by the way a couple of weeks ago I wrote a column critical of Representative Lamar Smiths stance on illegal immigration Well Smith and I agree on this issue with a Smith aide telling me the Congressman thinks the proposal tells business people what to do without giving them the money to do it It is just another unfunded Roger Croteau is the City Editor of the Herald were going ipmaxe idyn misgiving up ywr weapons ati Angry public is trying to reel in lobbyists ByJIMDRINKARD Associated Press Writer WASHINGTON A Its not just Congress that is rushing to slap limits on the meals trips gifts and golf outings that lobbyists give lawmakers In state capitols across the country legislatures are doing the same pro pelled by an angry public increased media attention and a series of scan dals Its an issue whose time has come and is still said Alan Rosen thai who writes about government ethics at Rutgers Universitys Eagleton Institute of Politics The public mood is very negative toward people in elective Lob byists are easy Highly restric tive laws are the result even in the most unlikely places like Minnesota which is about as clean as you can Rosenthal said Soon after Congress returns from its twoweek spring recess House and Senate negotiators will meet to draw up Analysis a compromise between a lobbyistgift regulation bill the Senate approved last year and one the House passed last week Both would greatly broaden the def inition of what a lobbyist is requiring far more people to register and dis close their activities than the roughly who do so under the current loopholeriddled statute What has attracted the most atten tion however are provisions in both bills that would rein in the perks law makers sometimes get from lobbyists fancy meals gifts sports and theater tickets and trips to resorts for activities like golf tennis and skiing Many of those trips have turned out to be plain oldfashioned free vaca said Rep John Bryant DTexas the main House sponsor of the reform bill Sen Carl Levin the bills primary Senate backer said there is real momentum here to do something and predicted final action soon The public is understandably per Levin said They want us to rein in the special Driving the public mood is a real ization that lobbyists have gotten better at what they do said Rep Eric Fin gerhut a freshman Democrat from Ohio who used to fight the same battle as a state Common Cause official They feel that they have less access to their legislators than professional lobbyists Fingerhut said The lobbyists are like lawyers in the court room of the legislature Were the judges You wouldnt have lawyers giving gifts to the Evidence of this mood can be found across the political map Ohio a law that takes effect May 12 will ban legislators from accepting speaking fees or taking more than a year from lobbyists for food and beverages enacted a strict law this month that bans just about every lobbyistoffered perk for lawmakers and other public officials right down to a cup of coffee bill working its way through the Maryland Legislature would close a loophole that lets lobbyists with mul tiple clients escape reporting require ments by dividing the costs of law makers meals among their different employers Kentucky South Carolina and Arizona recent scandals prompted enactment of laws tightening regulation of lobbyists and their giftgiving to lawmakers Similar actions have been taken in Iowa Mississippi Vermont and New Mexico In all 35 states now have some kind of restrictions on receipt of gifts by public officials and it has led to a change of cultures in many state capitols where wining and dining had become a way of life Today in history By The Associated Press Today is Tuesday March 29 the 88th day of 1994 There are 277 days left in the year Todays Highlight in History On March the last United States troops left South Vietnam ending Americas direct military involvement in the Vietnam War That same day President Nixon announced all of our American POWs are on their way On this date In 1638 Swedish colonists settled in presentday Delaware In 1790 the 10th president of the United Slates John Tyler was bom in Charles City County Va In 1867 the British Parliament passed the North America Act to create the Dominion of Canada In 1882 the Knights of Columbus was chartered in Connecticut In 1943 World War II meat butter and cheese raiioning began In 1951 and Elbe1 Rosenberg were con victed of espjpnage charges They were executed in June 1953 In 1962 Jack Paar hosted NBCs Tonight show for the final time In 1971 Army William L Galley Jr was con victed of murdering at least 22 Vietnamese civilians in the My Lai massacre Galley spent three years under house arrest In 1974 eight Ohio National Guardsmen were indicted on charges stemming from the shooting deaths of four students at Kent State University The guardsmen were acquitted Ten years ago The Wall Slreet Journal reported lhat one of its columnists R Foster Winans was being investigated by the Securities and Exchange Commission for leaking inside information Winans later convicted of securities fraud admitted giving ups to a broker in exchange for a cut of the brokers profits Five years ago The movie Rain Man won Academy Awards for best picture best director Bar ry Levinson and best actor Dustin Hoffman Jodie Foster was named best actress for The One year ago Vice President Gore filling in for first lady Hillary Rodham Clinton presided over a marathon hearing on health reform Unforgiven won the Academy Award for best picture as well as best director for Clint Eastwood Emma Thompson won best actress for Howards End and Al Pacino won best actor for Scent of a Todays Birthdays Former senator Eugene McCarthy is 78 Actress Eileen Heckart is 75 South Dakota Sen Larry Pressler is 52 British Prime Min ister John Major is 51 Comedian Eric Idle is 51 Singer Bobby Kimball is 47 Actor Bud Cort is 43 Olympic gymnast Kurt Thomas is 38 Tennis play er Jennifer Capriati is 18 Thought for Today As I see it in this country land of the most persistent idealism and the blandest cynicism the race is on between the decadence and its Alistair Cooke Britishborn American journalist and broadcaster i
Once upon a time newspapers were our main source of information. Now those old newspapers are a reliable source for hundreds of years of history and secrets of the past. Now you can search for people, places, and events without the hassle of sorting through mountains of papers!
Newspaper Archive is the world's largest online newspaper database featuring over 130 million newspaper pages. Plus our database expands by one newspaper page per second for a total of around 2.5 million pages per month! The value of your membership grows along with it.
Those looking to find out more about their forefathers can empower their genealogy search with Newspaper Archive. Within our massive database, users can search ancestors' names for news stories and obituaries. We must understand our past to understand our future!
24 hours a day Monday-Saturday
Your full introductory membership payment will be credited toward the cost of full membership any time you choose to upgrade!
"It is amazing how easy and exciting it is to access all of this information! I found hundreds of articles about my relatives from Germany! Well worth the subscription!" - Michael S.
"I love this site. It's interesting to read articles about different family members. I've found articles as well as an obituary about an uncle who passed away before I was born, and another about a great aunt. It's great for helping with genealogy." - Patricia T.
"A great research tool. Allows me to view events and gives me incredible insight into the stories of the past." - Charles S.