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Abilene Reporter News Newspaper Archives

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Abilene Reporter-News, The (Newspaper) - July 6, 1962, Abilene, Texas 82ND YEAR, NO. 20 "WltHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT f-EIQHT PAGES IN TWO SECflONS ABILENE, TEXAS, FRIDAY MORNINi PAGE ONE Katharyn Dun] Youth has its The Bank of Commerce, 3 on July 17, doesn't, naturally, nave any inactive bank Bta and thus does not yet under the new "escheat whereby banks have to fee, then turn certain un- claimed monies over to the state Southwest Savings, age 10, had just bad a private audit and located its owners of inac- tive accounts. But the other financial insti- tutions in-town, Citizens Nation- First National, First State and Abilene Savings, are for the last fix'weeks or so engaged in matching people to "lost" ac- counts. It has taken the institutions a lot of time, but sure enough, some people are finding they have money they didn't know they had. It's not very much money in most cases. Abilene Savings got a long dis- tance call from a man in Cali- fornia the other day after it and the others ran advertisements in this paper calling for owners of inactive accounts. The Californian's name was listed in the ad, Elizabeth Barnes, treasurer of the asso- ciation, said. Someone had written the fel- low that he evidently had some unclaimed money, He telephoned, prepaid. Yes, he did have a dormant account, he learned. "Sixty-seven Claimants of old accounts have to satisfy the financial in- stitution as to identity This woman came in to Abi- lene Savings' and "established" that she was Mrs. So-and-So listed in the ad as a "lost" cus- tomer. t She collected the dormant ac- A few days later the real Mrs. So-and-So came in for her dol- lar. "Why would that first one go to all that trouble to 'prove' her identity for just a dollar what will some people do for a Miss Barpes wonders. Mrs. Kiltie Longacre of Abi- lene tells of a wedding she at- tended lately, a beautiful, for- mal affair in wbich the organist got in the last word. The bridegroom was from College. The groomsmen were from So was the organist from Their vows exchanged, the couple was leaving the church and the organist broke forth in glorious music, the Fight Song. "Even the preacher Mrs. 'Longacre says. And this is to report the Uni- versity Baptist Church has found its missing slide projector, the one whose loss it-has been ad- vertising in the church bulletin. The "culprit" has confessed. The pastor, the Rev. Maple Avery, admitted from the pul- pit he has bad it all along, at home. Mundt, Freeman Tangle on Estes Case at Hearing By W. B. RAGSDALE JR. WASHINGTON Karl E, Mundt, R-S.D., charged angri- ly Thursday that Secretary of Ag- riculture Orville L. Freeman is trying to link him to Billie Sol Estes' deals and challenged Free- man to "put up or shut up." The senator and Cabinet mem- ber clashed at a Senate Investiga- tions subcommittee hearing into the tangled affairs of Estes, a Texas financier now under fraud jriictments. The oral collision came after Freeman had said 452 FBI agents have found no misconduct by any- one in his department "against whom prompt action has not al- ready been taken." Mundt blamed Freeman for a resolution the senator said the South Dakota Democratic State Convention had adopted urging jected and many headlines the inquiry which is intended to determine whether Estes received any im{ roper favors from Agricul- ture Department officials while he was building his boom-and-bust fi- nancial empire. Estes rocketed to wealth largely on extensive grain- storage and cotton-allotment oper- ations involving the department. Freeman told a reporter also that he still feels the case of the Pecos, Tex., fiscal manipulator1 "has been ballooned all out of proportion to its importance." Thus, Freeman repeated a statement frr which he was criti- cized when he first made it at a news conference in early May. "Not that it's not an important he said, "but I feel that much matter which is not rele- vant to the subject has been in- Freeman, the Justice Department and the subcommittee to "reveal any correlation" between Estes and campaign contributions to Mundt. Mundt, who is not up for re-elec- tion this year, called this innu- endo, said, "I have nothing to hide" and demanded Freeman offer to the subcommittee any evi- dence he might have. Miindt called the Democratic convention action part of a chain of events set off when Ereeman, in advance of the hearings, or- dered a compilation of Mundt's correspondence with the depart- ment for the past several years. Freeman said again he did this only to be in a position to answer any questions Mundt might put to him. When Mundt said, "I will free ly concede it was Freeman retorted, heatedly: "There was nothing surreptitious about it. I had every right to do it." The connection between the cor- respondence and the South Dakota Democrats' resolution was not brought out in the questioning. The flare of tempers marked conclusion of Freeman's cross-ex-, animation for the time being. But he probably will be recalled later after other Witnesses are heard in been written on subjects only in- directly involved." Freeman, back for his third day on the witness stand before the Senate Investigations subcom- with a prepared statement. He said he would like to repeat his statement that "the govern- ment has lost no money through its business with Estes." 9908 Xe 03 S31VS 33MH3S W1IJOHDIN rit Insurance Be Stopped