Attorney Says Agreement May Bankrupt Estate Life Company
Amarillo attorney E A Simpson, counsel for Estate Life, accused Dallas man J W Pierson of foisting a $11.5 million reinsurance deal from Physicians Life onto Estate Life Insurance Co. and warned the arrangement could bankrupt Estate Life. He urged the state board of insurance to rescind the policy transfer and testified officers like state liquidator J D Wheeler and ex-Physicians Life staffer A L Conder would testify Thursday. Simpson claimed McCarty received $2,000 and that the policies dated to burial coverage with an average policyholder age of 66, linking the deal to prior bankruptcies.
MENTIONED IN THIS ARTICLE
Austin
Amarillo
Estate Life Insurance Co
Estate Life
E. A. Simpson
J. W
Bill) Pierson
Dallas
Physicians Life and Accident Co
Pierson
John L. McCarty
Presidt
Bimpson
State Board of Insurance
Physicians Life
Insurance Board
J. D. Wheeler
A. L. Conder
Simpson
Wheeler
Mr. Wheeler
McCarty
American Atlas Insurance Co
Southern Bankers Life Insurance Co
William A. Harri
Hearing on Milk Price War Concludes in Dallas
A Dallas House subcommittee led by Rep. Wright Patman completed a two day hearing on the citys milk price war. Spokesmen for Foremost Oak Farms and Metzgers said price cuts were to meet rivals. More hearings in Washington were planned as the panel waits for the full Small Business Committee to review records.
MENTIONED IN THIS ARTICLE
Dallas
House
Wright Patman
D-Tex
Washington
Patman
Tom Steed
Dokla
Oak Farms
Metzger’s
Everett MacIntyre
With Young
Jere
Young
Louis Teague
Beverly Hillary
New Year Eve Costs Rise Across Nation
United Press survey finds celebrations vary from expensive New York and Los Angeles clubs to neighborhood bars. Sober note warns National Safety Council that up to 130 may die in alcohol related crashes and train wrecks as revelers attend all night services.
MENTIONED IN THIS ARTICLE
United Press
New York
Los Angeles
Church 8
National Safety Council
Ich
Red Skelton Recovers Rapidly After Attack
Santa Monica California UP comedian Red Skelton shows rapid improvement at St John’s hospital after a cardiac asthmatic attack. He was found by daughter Valentina at his Bel Air home and rushed by rescue squad after doctors warned of near fatal lung failure. his wife Georgia and the family face a recent string of health troubles including leukemia in his nine year old son Richard.
MENTIONED IN THIS ARTICLE
Santa Monica
Calif
Red Skelton
St. John’s Hospital
Bel Air
Valentina
Garth Graham
Skelton
Richard
Europe
Bailey Charged Again With Liquor Violation In County Court
Elbert Bailey facing two counts of possession of liquor for sale in a dry area. He was arrested Monday and jailed, per County Attorney Charles Reynolds and agent Bill Lawrence. Bailey already serves a two month sentence from an earlier case. Authorities cite two alleged sales at his southeast city residence Saturday night.
MENTIONED IN THIS ARTICLE
Elbert Bailey
Charles Reynolds
Bill Lawrence
Bailey
Lawrence
Dismissal of Indictment for Jencks by Texas Judge
Federal Judge R E Thomason reluctantly dismissed the government indictment against former Local 890 official Clinton Edward Jencks who was convicted in 1954 for filing a false affidavit. The motion cited lack of viable evidence to retry and noted the attorney general's recommendation for dismissal. Thomason reaffirmed Jencks’ guilt in the past but ordered dismissal with a $10,000 cash bond returned.
MENTIONED IN THIS ARTICLE
EL Paso
Tex
R. E. Thomason
Clinton Edward Jencks
Jencks
Thomason
International Union of Mine
U. S
E. B. Elfers
Space-age school aid plan draws mixed congressional response
President Eisenhower’s proposal to fund 10,000 scholarships per year for four years drew cautious praise from Senate and House leaders while some lawmakers urged a larger program. The plan seeks federal aid to identify gifted students for college and improve science math and language teaching to meet Cold War competition.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Senate
Mike Mansfield
Mont
House
Carl Albert
Okla
Russia
White House
Gettysburg
Federes
Texas Braces for Deep Freeze as Winter Storm Advances
A Canadian blizzard tail end swept into Texas driving 25 to 30 mph winds. Forecasters predict subfreezing lows from 10 to 28 degrees across Panhandle and North Central Texas with rain and mist behind the front. Snow and cold follow, with 25 to 35 mph gusts along the coast and early morning readings around 20 to 23 degrees in Dalhart and Amarillo.
MENTIONED IN THIS ARTICLE
Midwest
Texas
Central Plains
Panhandle
Wic
South Plains
Fort Worth
Texarkana
San Antonio
Laredo
East Texas
Mississippi Valley
West Texas
Cal
Dalhart
Amarillo
Kenneth Jones Speaks To Lions
Kenneth Jones pastor of Central Christian Church spoke to the Lions on Time emphasizing minutes as value in life. He said time is money power wisdom and eternity and urged maximizing use of time next year. President Herbert Clift announced next week’s film on the National Convention in San Francisco and January 21 Ladies Night. Ruth Fite sent thanks for the Christmas Party. Guests included Earl Piper Wayne Webb and Mike Marrow.
MENTIONED IN THIS ARTICLE
Kenneth Jones
Central Christian Church
Lions
Jones
Herbert Clift
San Francisco
Ruth Fite
Clift
Earl Piper
Wayne Webb
Breckenridge
Mike Marrow
Plans To Submit Balanced Budget But It Will Be Higher
The White House announced President Eisenhower will submit a 1959 budget above this year’s level but balanced with a slight surplus. Brundage Stans Killian and officials discussed a tentative total around 74 billion with defense spending for space era driving the rise. The budget, due January 13, won’t include tax cuts and a state of the union address is slated for January 9.
MENTIONED IN THIS ARTICLE
Gettysburg
Irm
White House
Eisenhower
Congress
Percival Brundage
Maurice Stans
James B. Killian
Killian
Eisenhower Administration
James CC. Haxerty
Fense
Defense
Neil H. McElroy
Hagerty
Washington
Eisenhower Farm
Porter Warns Accidental Atom Blast Could Trigger War
Rep. Charles O Porter's news conference warns that an accidental nuclear detonation could ignite World War III. He cites tensions with the Soviet Union, compares risks to the Maine incident, and questions how to distinguish accidents from attacks while noting safeguards and human error.
MENTIONED IN THIS ARTICLE
Charles O. Porter
D-Ore
United Press
Porter
United States
Soviet Union
Spain
Maine
Great Britain
Herbert B. Loper
Defense Department
Atomic Energy
Fatalities lag predictions as Texas count nears New Year
The Texas death toll during the holiday period reached 163 by early today, with 77 in auto crashes, 49 homicides and personal crises, and 37 in other accidents, as DPS and United Press tracked the 12 day period ending New Year’s Day. An Arlington auto crash killed two Dallas youths, Travis Tankersley 16 and Jerry Caldwell 17, when their car struck a utility pole.
MENTIONED IN THIS ARTICLE
Texas
Department of Public Safety
DPS
United Press
Arlington
Dallas
Travis Tankersley
Jerry Caldwell
William H. Hinton Jr
Duncanville
Greenville
Shelly Bracheen
Commerce
Sachse Case Set For January 7 Hearing in Amarillo
L A Sachse versus Childress County will be heard January 7, 1958, in the Court of Civil Appeals at Amarillo. County Attorney Charles Reynolds says Reynolds will present an oral argument. Sachse, a former county commissioner, sues for back pay for his unfinished term. An earlier district court judgement in Sachse's favor was rendered June 21 by Judge Jesse Owens.
MENTIONED IN THIS ARTICLE
L. A
Sachse
Jesse Owens
Vernon
Houston Declares 1957 Murdertown Record
Houston ends 1957 with a record 135th murder after Antonio Rich, 30, a Browns ville visitor, was shot in a tavern by a total stranger over an alleged insult. Witnesses questioned whether the remark even occurred. Raymond Zapata, 47, a welder, is charged with Rich’s murder.
MENTIONED IN THIS ARTICLE
Houston
Murdertown
Brownsville
Antonio Rich
Rich
Raymond Zapata
Garage Fire Damages Home at 1102 Avenue H
Fire damaged a garage behind a residence at 1102 Avenue H Northwest about 6 30 last night. The blaze cause was not determined according to a fireman report.
MENTIONED IN THIS ARTICLE
Avenue H
Jury Service List For January 14 Murder Trial Here Released
Sheriff releases jury list for the January 14 murder trial of Henry Lee Brown of Dodson. Brown is charged with the September shooting death of Charles Drew on a farm near Dodson in Childress County. Brown surrendered to Wellington officers and remains jailed. The list includes L. M. Bartlett, Frank Ehrle, Vernon Eubank, Glenn Buckley, J. E. Martin, and many others.
MENTIONED IN THIS ARTICLE
Sheriff's Department
Henry Lee Brown
Brown
Dodson
Charles Drew
Childress County
Wellington
Gaylon Smith
L. M. Bartlett
Frank Ehrle
Vernon Eubank
Glenn Buckley
J. E. Martin
Ralph Sides
Russell Jones
C. B. Halford
Clarence Carter
Joe B. Mills
W C. Whiteside
E. F. Adams
T. G. Manuel
A. R. Hardin
Airlines’ Golden Triangle safety plan a six month success
Washington reports that six months after the golden triangle safety program began, airlines say the do it yourself rules reduced mid air collision risk. Initiated July 1 by ATA and ALPA, the plan required flights above 9500 feet in the triangle to file flight plans, use designated airways, and fly only under instrument flight rules in controlled airspace.
MENTIONED IN THIS ARTICLE
Washington
New York-Washington
Chicago
Air Transport Assn
ATA
Firefighters urge callers to avoid tying up lines
The Fire Department appeals to residents to not call the station when alarms sound. Volunteers try to reach the scene but busy lines delay response. A fire at 1102 Ave H NW highlighted the issue as callers delay locating the fire.
MENTIONED IN THIS ARTICLE
Arious
Ave. H. N. W
Weather Control Fearful Weapon
President Eisenhower's adviser Howard T. Orville warned Russia seeks large scale weather control and could bring dangers rivaling nuclear warfare. He cautioned the Russians are pushing hard to master weather though it's unclear if they are ready to surprise the world as with their sputniks.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Russia
Howard T. Orville
Orville
Also Mentioned on This Page
Estate Life Company
Ie Fecteau
Lynn
Mass
Richard Fecteau
China
Pecteau
Ezio Selva
Miami Beach
Fla
Selva
Biscayne Bay
Oregon
U.S.A
Silas Crawford
J. Ross Bell
Jesse Cannon
L V. Keel
Sam Pruitt
W. T. King
L. Dewis
Gene Crabtree
Ben Walker
Jack Preston
Roy Willyard
Troy Wilson
M &Rsy
Raymond Toft
Orville Thornton
Doyle Mooney
W. R. McEndree
J. J. Norman
Ben Munson
Sam Denny
W. E. Harp
H. D. Cordell, Jr
Charlene Neeley
W. J. Sharp
D. M. Pickrel
Allen Murray
Neal Gage
Willard Mullins
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