Texas lawmakers weigh spend now plan against largest tax bill
Texas legislators faced a major financial decision in Austin as Gov. Smith pushes a $450 million revenue bond plan while opposing a $40 million per pupil diversion from the permanent school fund. Debates centered on constitutional amendments and a proposed ethics panel. The House passed Cavness' plan to shift funds to teacher pay and textbooks, potentially easing tax loads for the next biennium.
MENTIONED IN THIS ARTICLE
Don Cavness
D-Austin
Permanent School Fund
Foundation School
Cavness
Smith
Minera
Cayness
House
Constitutional Amendments
Ring
Texas
Odds and Ends Delayed by Managing Editor Illness
Sendings editor Bob Cantrell is sidelined by a flu bug causing a temporary pause in Odds and Ends until he recovers. The local column team awaits his return to resume the usual light, quick items and sketches.
MENTIONED IN THIS ARTICLE
Bob Cantrell
Depositions Tie NBL Loans to Carr and Associates
SEC depositions in Dallas show National Bankers Life loaned nearly 3 million dollars to former Texas Attorney General Waggoner Carr and associates. John Osoro and related businesses borrowed rice money with stock as collateral, though the stock’s paper value was 55 million while current value is under 500 thousand. The case expands into a Sharpstown scandal drawing ethics actions as Gov Preston Smith and Speaker Gus Mutscher profited from NBL stock purchases in 1969.
MENTIONED IN THIS ARTICLE
Dallas
Securities and Exchange Commission
National Bankers Life Insurance Co
NBL
Waggoner Carr
Carr
John Osoro
SEC
Osorio
Texas
Ben Barnes
Texas Senate
Preston Smith
House
Gus Mutscher
Sharpstown State Bank
Maurice Angly Jr
R-Austin
Sharpstown Bank
Avalanche Hits TREMP Spain Missing and Injured
Two people are missing and presumed dead after an avalanche swept a Pyrenees ski run in TREMP Spain. Four other Spaniards were injured in the Sunday incident police said.
MENTIONED IN THIS ARTICLE
Tremp
Spain
UPI
Pyrenees
Treasurer Accused in Sharpstown Bank Loans Probe
Texas Rep. Mau rice Angly Jr. calls for investigation into how 10 million state funds were deposited in Sharpstown State Bank. He and Jesse James face links to loans from Sharpstown Bank and National Bankers Life. SEC suit names bank and insurer. bill proposes study committee to review fund placement.
MENTIONED IN THIS ARTICLE
Angly
Jesse James
Sharpstown Bank
National Bankers Life Insurance Company
Dala
Bank
Insurance Company
Securities and Exchange Commission
Anegly
James
Gus Mutscher
SEC
Mutscher
House
Senate
Preston Smith
Texas
U.S. Toll Jumps In Vietnam And Apollo 14 Progress
UPI reports heavy American losses in a six month high ground attack near Chu Lat in Vietnam with seven killed and seven wounded plus one more dead and eighteen wounded elsewhere. Apollo 14 astronauts work to dock the Kitty Hawk and Antares after a tense 1 hour 44 minute test and Scratched docking latches raise questions about lunar landing feasibility.
MENTIONED IN THIS ARTICLE
Saigon
UPI
Vietnam
U.S
98Th
Chu Lat
South Vietnam
da Nang
Chu Lai
Ist
Ith Armoured Cavalry Regiment
Nixon Air Force
Phan Rang
America
Fra Mauro
Shepard
Mitchell
Space Agency
Roosa
Mission Contro
Houston
Roose
Cape Kennedy
Bob Gordon
Moon
Fannin County Population Drops in 1970 Census
Census figures released from Austin show Fannin County with 22 705 residents a decline of 1 175 from 1960. Texas total reaches 11 98 787 people up 17 percent, potentially adding a fourth U S representative after redistricting.
MENTIONED IN THIS ARTICLE
Fina
Mondey
Austin
Fannin County
UPI
John Tower
Texas
Tower
Texans Chilled By Icy Breezes
Icy winds cooled most of Texas today ending a weekend warm spell. South Texas readings reached the 90s, while Laredo recorded 52 degrees. The Weather Bureau warned of increasing cloudiness and possible rain moving north from the Gulf Coast into scattered areas Tuesday.
MENTIONED IN THIS ARTICLE
United Press International
Texas
Laredo
Weather Bureau
Gulf Coast
Four Year Old Beaten to Death in Lubbock
Authorities say Edward Serna was severely beaten before his parents rushed him to a hospital in Lubbock, where he died Sunday night. Carlisle Police questioned the child's father early today.
MENTIONED IN THIS ARTICLE
Lubbock
UPS
Edward Serna
Carlisle
Connally Hid Private Foundation Pay While Texas Governor
The New York Times reports John B. Connally Jr. received at least 25 000 dollars from the Sid W. Richardson Foundation during his Texas governorship. Public records show a 1966 debt to Connally of 225 000 dollars paid as 75 000 annually before he left office in 1965. The foundation cited executive fees. Connally denied any compensation while in office.
MENTIONED IN THIS ARTICLE
New York
UPI
John B. Connally Jr
Nixon
Secretary of the Treasury
Texas
New York Times
the Times
Sid W. Richardson
Internal Revenue Service
Connally
Houston
Texas Constittion
Perry R. Bass
Foundation
Connaly
Sid & Richardson
Fort Worth
The
Times
Richardson
Navy
Lyndon B. Johnson
Kennedy
Dallas
Senate
Treasury
Senate Finance Committee
Bonham Iimits Drug Awareness Month Films Start
The Bonham Public Library with city groups and clubs launches a month long program to stress drug dangers. A series of three films begins Tuesday at 7 30 p m in the city council room with Flowers of Darkness narrated by Paul Newman.
MENTIONED IN THIS ARTICLE
Bonham
Flowers of Darkness
Paul Newman
L. H. Rather
Kiwanis Club
I. W. Evans
Rotary
Lions Club
Jaycees
Robert Mitchum
No Place
Rod Steiger
Two Children Die In Trailer Fire In Hurst Texas
Two young children, James Lewis Ellis Jr. and Janice Lynn Ellis, age 4, died in a trailer fire in a Fort Worth suburb after a water heater exploded. Mrs Ellis awoke but could not reach them as flames engulfed the sleeping area. two men tried to reach the children but were driven back by fire.
MENTIONED IN THIS ARTICLE
Hurst, Tex
UPI
James Lewis Ellis Jr
Janice Lynn
Linda Ellis
Fort Worth
City to designate streets as bike routes in San Francisco
Many residents are abandoning cars to bike commute as the city tests bike routes. Parks chief Edward McDevitt says the plan aims to encourage cycling and alert motorists to drive with caution.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Edward McDevitt
Nixon shifts goal to 4.5% jobless with 3% inflation
President Nixon abandons full employment aim and sets an election year target of 4.5 percent unemployment and 3 percent inflation to mid-1972. The economic report warns rapid progress could trigger inflation and notes ongoing war-to-peace shifts reduce defense jobs.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
Congress
Wall Owen
Labor Department
Council of Economic Advisers
Vietnam
Also Mentioned on This Page
Harry
Bess Truman
Pres
Harry Truman
Research Hospital
Kansas City
Solons Tackle Financing
Rep
Delwin Jones
D-Lubboeck
Jim Nugent
Kerrville
Earth
Roposa
New York Times Reports Foundation
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