New Braunfels Herald Zeitung, December 22, 1994

New Braunfels Herald Zeitung

December 22, 1994

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Issue date: Thursday, December 22, 1994

Pages available: 12 - Used by the World's Finest Libraries and Institutions
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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 164,099

Years available: 1952 - 2013

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View sample pages : New Braunfels Herald Zeitung, December 22, 1994

All text in the New Braunfels Herald Zeitung December 22, 1994, Page 1.

New Braunfels Herald-Zeitung (Newspaper) - December 22, 1994, New Braunfels, Texas THURSDAY NBHS Sarah Bolle named to AP AllState volleyball team See 50 CENTS V 84 DAYS NewBraunfels Sesqufcentennial March New Braunfels s 12 pages in one section Thursday Dec Inside ass of the Sports Domics The Marketplace Stammtisch Birthday wishes from the HeraldZeftung The New Braunfels Herald Zeitwg extends the following birthday wishes to Katherine David Smith Jerry Cravens Cynthia Rapp Connie Jones Manuel Alfonso Jennifer Gill Garry Smith Donations to HZ Cheer Fund continue Area citizens continue to sub mit donations to the Herald Zettungs annual Cheer Fund campaign which provides food to needy local families for the Christmas holidays Anyone wishing to donate can do so in person by coming by the HeraldZeitung office at 707 Landa or call Cheer Fund Director Carol Ann Avery at 6259144 Delivery will take place Thursday afternoon Todays donations include Lee Lucille Mensinger Automotive Audio Archie Nancy Ladshaw HZ has Christmas songbookt available A few copies of the New Braunfels HeraldZeitwgs Christmas Song Book are available to the public The songbook has many traditional Christmas favorites and is sponsored by local mercharfts and businesses Harvest from the Heart set tomorrow Nonstop phone calls from prospective volunteers have keep workers at Molly Joes Catering busy this week as they prepare for the companys Harvest from the Heart meal Friday evening We were just overwhelmed with the response from the com said Robert Konkel managing partner of Molly Joes Catering Now we just need to get the word out to people to come and enjoy a traditional holiday meal at OK Civic Harvest from the 4 to 8 is designed for senior citizens and for those area residents who do not otherwise have the means to prepare a holi day meal Cosponsors of the meal include Molly Joes Restaurant New Braunfels ISP Matera Paper Cams Coffee Ben E Keith Foods Labatt Food Service OK Meats Ullrich Produce the City of New Braunfels and the New Braunfels HeraldZeitung The winning numbers Lotto Texas millon HeraldZeitunr V Serving Coma County for more than 143 years Home of KATHERINE FRAZER Vol 143 No 29 L Thh newspaper to printed County talks V V V c Bartholomew says state should get out of the business cites poor management By CRAIG HAMMETT Staff Writer Local residents have heard it before Now the rest of the country is tuning in In April of this year County Treasurer Bart Bartholomew got permis sion from the Commission ers Court to invest county funds outside of TexPool a staterun investment pool used by government agen cies such as counties and school districts 1 can do better having TBills and discount Bart Bartholomew he said in an April 22 HeraldZeitung article Staying in a public funding pool is not a safe place to Bartholomew returned from vacation this week still expressing the same displeasure with TexPool he has discussed this entire past year I think right now the State of Texas as far as TexPool is concerned ought to get out of the said Bartholomew He was quoted in a Wall Street Journal article Dec 9 an article State Treasurer Martha White head called an inaccurate story that caused pan Whitehead said in a letter summarizing the sit uation that the article and the bankruptcy of a Cal ifornia county caused a situation unprecedented in Texas since the legendary bank runs of the The article by Thomas T Vogel said some of the investment principles used by TexPool compared to those used by Orange County Calif He quoted the state treasury officials as saying assets in the pool had dropped more than 63 per cent from the million in February Its only possible to hold to maturity if investors dont rush to cash he stated in the article They did After the Dec 9 article a rush of withdrawals occurred Although deposits in the fund out numbered withdrawals by Tuesday the balance stood at billion It stood at billion Dec 1 In order to cover cash withdrawals the Trea sury sold billion of Treasury and TexPool securities producing a realized loss of million to the Treasury Bartholomew still claims the basic reason he originally wanted to pull funds out in April was to get a better rate of return Interest rates have risen six times since January I could do better and it was much said Bartholomew The market had changed When interest rates started up they had He said the concept of TexPool was good and Bartholomew invested for one year with the pool He started to have problems when the portfolio manager for the pool Linda Patterson quit and the state failed to hire someone to take over until two months later My problem with TexPool was how they managed their he said had to go to shorter maturities to win with rising interest They were betting interest rates wouldnt go they had continued to manage it right I may have left money in The million loss will reduce interest earn ings to the General Revenue Fund the fund where state income such as the lottery is deposit ed Whitehead claims state agencies will not be affected because the money came from interest already earned by the state in its own invest ments We were faced with two optionstake unre alized interest income losses that the state could handle or cut off funds to local are confident we did the right said White head in a news release This CTexPool probably would have gone unnoticed if not for Orange said local investment analyst Bill Mayo which he said the ensuing mass panic probably caused an essary rush on TexPool Mayo said the book would in essence be out on TexPool until we get some sort of breakdown on the types of investment the state was forced to buy in cider to recoup their losses Reaching out Project Angel Tree puts smiles on faces of local children at Christmas By TECLOJ GARCIA Staff Writer Most children celebrate Christmas with their some with me parent others with botix In many cases children are often left to choose between one patent or seejwho they will spend Christmas with Meet some who do not have the luxury of making that choice Michael Alyssa and Alberta Hall and Moni ca Molina all of the same family must spend their Christmas with only their mother Their father is incarcerated in a state prison Three years ago Tree of Life Church minis ters realized they could help fill the void in chil drens life like the Halls were feeling during the holidays Tree of Life branched out to reach the children many religious groups and charitable groups have ignored for years through their Angel Tree project Its our said Marcus Avalos outreach minister at the church and coordinator of the project Jesus commands us to go Soci ety says to stay away from them but God says to reach out to them God says these may be some of the worst but we should give mem our Tuesday night the church hosted a gathering for the angel tree participants at the Tree of Life youth building complete with entertainment and snacks for the kids The Angel Tree works in a similar way to other Angel Tree projects publicized in the area do HeraldZeitung photo by MICHAEL DARNALL From left are Gilbert Fuerrtes Ricky Juarez Joe Albert George Fuentes Enna Hernandez Gabrlella Hernandez Gregory Garza Jason Garza Edwardo Campos Amy Juarez enjoyed Christmas gifts from their parents which was made possible through Project Angel Tree The parent who is incarcerated enrolls their child in the nationwide program through a prism ministry The name of the child is then sent to an area church which is participating Names are hung on a tree at Tree of Life and church goers pick up the name off the tree which includes the name of a gift the parent thought the kid might want Angel Tree volunteer Teresa Stewart said providing the children with something for Christ mas was the mission of the project The gathering at Tree of Life was the first although it is the third year the church has par ticipated in the program This is just one way of many to help these said Avalos We try to help out throughout the Estella Hall whose husband has been incar cerated since 1990 received gifts for her children last year through Angel Tree It is really nice because as they say kids are really the most important thing in Hall said She also said the project deserved attention not only for good deeds involved but for all the hard work done by the volunteers Asked if she could say one thing to the every one involved in bringing some Christmas cheer to her children she you very much Thank Widening of 135 between New Braunfels approved A mile section of Interstate 35 north of San Antonio will be widened three years earlier than originally estimated following action today by the Texas Transportation Commis sion Commissioners authorized the Texas Department of Transportation TXDOT to move the mil lion project up in its Project Devel opment PlmTTie advancement was made possible when the Federal Highway Administration allocated discretionary funds fix another local project iinprovements to Interstate used on 135 Coostruction could begin in late 1995 to add one lane in each direc tion to the interstate from Farmto market Road 482 to south of New Braunfels Currently the divided highway is two lanes each direc tion Last year the average daily traffic count on that section of the interstate was Traffic on this road way has increased by 75 percent in the last ten years and is up 125 per cent in the last 20 said David Bernsen commissioner of trans This will be a needed portation corridor for Texas partic ularly in light of North American Free Trade City attorney files brief defending city staff against claims of wrongdoing Staff Writer New Braunfels City Attorney Jacqueline Cultom filed 8 brief in the Kahlig vs Fraser lawsuit to defend city staff againstdaimsofwrongcWngbyGaryKahliginuieMay city council election The araicus or fiiend of flip court brief allows the city which was denied intervention Wo the case as anon party to provide information to the 274 District Comal County Court Mayor Paul Frasa was used by KahJigearikx this year for alleged irregularities in the May election although Kahlig charged that leveral city employees and not Fraser were respcsisliicror the place fraud in the announcement of early voting bi the brief the city argues that mere was no fraud or ularities in the election The visiting judge presiding over the case however is under no obligation to read or even consider the hrieC but in most cases will The city wants the judge to uphold the results of the election something Fraser has asked the court to do Even though the city and Fraser have a common goal Cullom said the city is interested in wrifflg the accvisatiof1 against its employees dropped The Contestant petition contains several raise accusa the brief reads ft is evident fion reading the peti tion that the wodurt a reasonable invev tigatJon before filing his lawsuit since there are several myfe ip hja petitJOilB that f9P N by simply examining public Only 3 more shopping days until Christmas Shop New Braunfels First J ;