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  • Location: Abilene, Texas
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Abilene Reporter-News, The (Newspaper) - June 15, 1962, Abilene, Texas 'WITHOUT OR WITH .WE SKETCH YOIJR WORLD EXACTLY AS IT r, 'S.t' i vl i t MjiSP i- JV j.TEXAS, FRIDAY EVENING, JUNE 15, 1962-TWENTY-FOUR PAGES IN TWO SECTIONS Collusion Over Estes ontroversv Denied FOR TEENAGERS Cliff Turknett, 15, vice president, left; Adams, 17 secretary and club manager of the proposed new Abjlenejeen club, discuss their plans for a sale of stock with Henry Thorp, Abilene busi- nessman, center, at a meeting in the Wooten Hotel. Thorp has counselled with the teenagers in recent weeks on the type of club they should at- tempt to build. (Staff Photo by Henry Wolff Jr.) TO BUSINESSMEN Cose for Teen Club Presented Five teenagers presented their case for a teen club, op-j erated by teenagers, befoie a group of businessmen and the: press Fnday morning. The club hopes to piovide "wholesome enteitainment" and "a place to go" loi the city's youngsters from 14 to 19 years of age and to prove teenagei s> can be trusted if given a chance, said Roger Adams, 17, a junior at Cooper High School and secretary of L J.T. Co, Inc, club de vclopment corporation. Adult supervision is planned for all entei tainment, the youths stressed The club would be or- ganized by sale of in stock to Abilene businessmen at a share, and by charging a an- nual fee plus monthly dues lo each teenager who is allowed to join. Adams said the club, to be known as RoFo's and located at tht corner of .N. 3rd and West- moreland' Sts., expects to have members. He said there is a great deal of enthusiasm for it- The club will feature "name" bands on weekends, and will pro- vide a large dance flcor, game room (for pool, ping pong, pinball machines, a beauty salon, fashion shows, occasional luaus, and other forms.of entertainment, and will also have a restaurant, said Cliff Turknett, 15, a junior at Cooper High and vice pres- ident of the organization. Dan for the West. Texas Utilities Co. are for you 100 per cent. We can'l buy stock under the law, but we will make a donation to get this thing going." He added that lie fa- vored the stock company, but that, by law, WTU could not buy stock. Other businessmen attending were Postmaster Clyde Grant, merchants George Minter Jr. and Henry Thorp, and land developer J. D. McGaha, who has agreed to sell the land to the corpora- tion for provided whole- some, supervised entertainment only is planned. The youths said they had re- ceived a charter to operate the "im 7r. ansirar to. a nuts- e George Jones and Maurice 3rooks, but Jones later explained .hat his law firm had not been iired but that he and Brooks had lounselled with the teenagers and that they had done a good job of getting the club legally set up. "They did all the Jones said; Ronald Lusk, 17, a' senior at Abi- lene High, Is president of the tem- porary organization, but he was U. 8. DEPARTMENT OF COMMERCE WEATHER BUREAU (Weather map, 2-A) ABILENE AND VICINITY (Radius niles) Continued partb cloudy and vanr, thrmrer, Sahmiav or thunderstorms S and evening HiBh _---- Low Fridav night 63.10. NORTH TFXAS ParUs" cloudy and warm today and Saturday. Possible thunderstorms fn northwest to- night. Low tonight 68-73. High Saturday "1-92 NOHTHWEST TEXAS Partly cloudy :oday and Saturday. Scattered1 thunder- storms in west and north today and to- night and in sections Salurddv after noon Low tonight 53-7? High Saturday 2-95 .SOUTHWEST TEXAS Clear to Part l> cloud} and Mann today and Saturaav with isolated late thundershowers In northwest. Low tonight. 69-76. HiBh Satur- not piesent because he was away on two weeks naval re- serve duly. Nelson Langford, 19, who grad- uated from AHS last month, is treasurer and Mike Hales, 17, who saici he completed high school be- fore moving lo Abilene this spring and is now taking extensior courses al McMurry, is assistanl treasurer. Both were present and helped answer questions along with Jan McCaleb, a junior AHS. "When teenagers are given a chance, they usually top their Jan said, adding that Teens Against Polio. Tri-Hi-Y and churches provide good, activities Sec CLUB, Pg. 4-A, Cot. 3 WEATHER TEMPERATURES m. 1100 for 24-hours 9 a.m.: 80 and 61 High and Ion same date last sunrise today 'Baro'mcter "rcjKiing- at noon: 28.01. Humidity at noon: 52 per cent. Sunset last night: sunset tonight NEWS INDEX SECTION A To Your Good Health 7 Obituaries 8 Sports 10-11 SECTION. 8 Bridge.......-----.... 2 Women's news.........3 Amusements.......... 4 TV Scout.............5 Editorials 6 Comics................. 7. Radio-TV logi..........11. Russell Urges Inequities End tiuii. TiaknElt iiieii' atoi'nfcys AUSTIN James E. Russell of Abilene, president of the West Cen- tral Texas Oil Gas Association, Friday urged the Railroad Com- mission to eliminate inequities in the distribution of the allowable cruilfc oil market in Texas. In a statement read at the monthly statewide proralion hear- ing, Russell said that many wells and' fields "arc receiving a dis- proportionate share of the pres- ent available market." Elimination of these inequi- jthe erosion o( allowable production schcdules and possibly could in crease allowable days." Russell told the commissioners that the West Central Association in the past had devoted consider able effort and time to seriou- studies of the allowable structure and well-spacing problems in th state, and that another study, o broader scope, is now' underway When any conclusions arc reached by the association Con- servation and Regulation Commit tee, "We will be happy to furnisl the results and recommendations Esfes Offers Court Plans To Cut Debl EL PASO So! Estes submitted in U.S. District Court, today a plan for operating hi: properties at a profit to liquidate his numerous debts. The plan was outlined in a tatement filed with Judge R. E. liomason Estes' Jawyers said the plan enounces Estes' claim to residue n excess of the debts and asked hat any such excess profit be paid into a trust for the benefit of the 4-H farm youth program. It asked only that Estes' Pecos some, personal automobile, trac- or and farm tools be excepted. Receiver Harry Moore, in his iirst report on the receivership, showed income of and expenses of Estes anived at the El Paso :edetal building shortly before 8 a.m. and submitted a statement of several pages outlining his debts and assets. He swore that to the best of lis knowledge the facts were correct. Estes' lawyers- said the state- ment did not show the value of Sstes' gram rental contracts. They said that if this were capi- talized it would wipe out any def- icit. They said the statement reflect ed assets of the Estes Bi others partnership They said the Wes Texas promoter held a %th inter est in the partnership. Other businesses listed in th report included: Farmers Compa ny; Wheeler Fertilizer Co.; Les ter Stone Fertilizer; United. Ele vators; Fort Stockton Implemen: Co.; Agriculture, Inc.; Equipmeni Service Co.; Pecos Transit Mix; Western Flying Service; Verhaler Mercantile Co.; and Pecos Print ing Co. Estes is under federal indict- ment for fraud in connection with s fertilizer operations. Thomason ordered a federal grand jury to reconvene Wednes- day, presumably to hear more evidence in the Esles case. Additional claims were filet against the Estes receivership but Estes' attorneys didn't appear to file any plan or schedule for paying the debts. In the hearing today Texas Atty. Gen. Will Wilson will seek permission to name Estes am Estes .doing business as Unitec Elevators and the Lester Stone Co. in an anti-trust suit. Judge Thomason has signed a stay order which prohibits prose cutiori of any suit against Este without authorization of his court The order is intended to sla> prosecution until Estes is tried ir Company, Form Officials Linked WASHINGTON -The Leonhardt said. dent cf_, Coxnrrerdal SQlvpnts! JSRSJ tOuo> iiiaigea Oi uiie.r I U.S. District Court, on charges a conspiracy and interstate trans porlation of forged securities. The Pecos, Tex., financier whose multimillion dollar empir once embraced cotton, grain stor age and liquid fertilizer sales, also faces slate charges of theft. Moore's stateriient, of operations Rangef Peoples (holding hat) escorts West Texas Billie Sol Estes (wearing glasses) from District Judge John Barren's courtroom Thursday for a second ses- sion with the Robertson County grand jury. The jury subpoenaed Estes for questioning in their investiga- tion into the death of Henry M. Marshall. Behind the two is Austin attorney John Gofer, representing Estes. (AP Wirephoto) ______ way collusion involving his com- pany, Billie Sol Estes and the Ag- riculture Department were prepos- terous. But Hep. Ross Bass, D-Tenn., renewed the charge he made ear- lier and challenged the denial by the president, Maynard C. Wheel- er. Bass contended Commercial Solvents had assurances from the Agriculture Department before it agreed to back Estes in the grain storage business, and said Estes signed over all payments for stor- ing surplus commodities before he jot his first government contract. Wheeler, in an opening state- ment before the House Govern- ment Operations subcommittee said the charge "is utteily with- out foundation" and "even a cur- sory inquiry into the matter would tiave shown this." The subcommittee is investigat- ing grain storage activities by the West Texas financier, now under indictment foi fraud. Wheeler said Estes, 37, got his first stoiage contract March 9, 1959, and the assignment pay ments to Commercial Solvents was not mailed to the department unti April 1. It was appioved by the Jallas, Tex, office April 2. _Bass said the document itsel eral conditions grain tieli? not specifically to check on Estes. Wheeler had referred to Jack-j son's icport in his :emed there was anything about the official's visit to Wash- ington. He also challenged charge of collusion. t Speaking to Chairman L. H. Fountain, D-N.C., Wheeler TVe denied this charge when "it was made. I don't know what you ESTES, Pg. 4-A, Col. 5 'NOT DEAD1 Abilene Club Changing Name Texas to Continue Eight Day Pattern -AUSTIN (AP) The Railroad Commission ordered today that Texas oil wells continue to pro- at the record low eight-day production pattern in July, The commission retained the eight-day schedule for the sixth itMight month after nine major purchasers and producers re- quested the -stale- Wide proratlon hearing. ThW company representatives lor new low of seven Tht total1 production allowable fcr 'July will be barrels average down of 30 industrials to 560.74. ules at noon. Some sizable early gains turned into losses as the tide changed. Only, a few key Issues retained fractional gains. The market dosed Thursday at 563.00 on the Dow Jones average of 30 Industrial stocks, marking the lowest lever since that average hit on Dec. 12, 1953. By the Associated Press 60- stock average, however, the mar- ket was at Its lowest point since Nov. 2, 1960. Most key stocks today moved up dollar In active trading. The deep slide ThurKUy tarried and erased an lion from quoted values of issues on the New York Stock Exchange. Why the market has kept drop- ping without a shove by discour- aging developments was a baffling question on Wall Street. "Words, excuses, reasons are not going to said a broker. "They never do when you have emotion dominating tht slock market" And where it was headed brought few definite predictions from investment analysts. own i.n w "Everyone feels that some- Reports of prices trailed floor where along the line there's got transactions by more than 20 min- "u to be a said one. Many analysts have been put- ting part of the blame on what they term the Kennedy Adminis- tration's anti-business attitude since it forced the steel industry to rescind price Increase. One analyst, L. 0, Hooper of W. E. Button l< Co., offered a different view. He said: "Many people seem to think someone is personally responsible for what happened In the market rcco'illy The fact is thai this decline stems from tht atxuc of common stocks by MUSI KOy HIWIW IWK1J "P or down within a range lesi thwi everyone the period The thick iMrM'l WM Mfflf about a news- paper some business men hope to the slock market slump against im. Kennedy replied he could 9ot oelieve big business would want an economic setback in order to strike, at the President. The New. York Stock Exch; after an examination of activity on the hectic down-and-up days of May 28, 29 and 31, come up with these To a large degree the heavy de- cline on Monday, May 2t, came sales by the public o! long-Urm investments. Sales by smaller in- vestors followed Tuesday monk- ing. Larger invesiors, generally ing shares of well-known panies, helped ignite the price ad- vance Tuesday afternoon. IB tttt continuing rise Thunday, rtir the MemorUl Day hojktay, MV buyers were in the uiliMli Ipipfc mHgf' The exchange said by member 4M Ht to be a big factor to wMif of May II I a art Am tu onnwvuk iw inww partially tor itock Mi, ;