Failure Of Texas Bank Triggers Collapse Of Cotton Empire
An obscure North Texas bank failure 11 days ago set off the downfall of the Huntley Hemphill cotton empire amid a complex phony drafts and cotton receipts scheme. The loss may reach $4 to $8.8 million, with implications across Texas Oklahoma and Mississippi as federal and state investigators pursue charges.
MENTIONED IN THIS ARTICLE
Texas Bank
Vernon, Tex
North Texas
Billie Sol Estes
Mississippi
Oklahoma
Texas
Estes
Associated Press
First State Bank of
Vernon
R. E. Huntley
G. F. Hemphill
Huntley and
Hemphill
Vernon Bank
Federal
Huntley and Hemphill
Huntley-Hemphill
R. E. Huntley Cotton Co
G. E. Credit Union
Dallas
First State Bank
Ney Sheridan
Huntley
First National Bank
Altus
Okla
National Bank of
Frederick
Greenwood
Miss
Harlingen
Tex
Wilbarger County
Bill Neal
FBI
FDIC
Alabama
Restless Getty III Seen By Friends A Good Boy
In Rome Getty III, 16, known as restless yet called a good boy by friends. Police question kidnapping claims after anonymous ransom calls and a letter signed Paul surface, while he lived among artists in Trastevere and attended St Georges English School before leaving two years ago.
MENTIONED IN THIS ARTICLE
J. Paul Getty III
Restless
Jenny Cook Rome
Getty
Rome
Bohemia
San Francisco
Paul
St. George’s
Annicchiarico
Parioli
Trastevere
Marcello Crisi
Aldo Vacchini
Scarabacchio
Danielle Devret
Piazza Navona
Board Finds No Evidence Of Price Manipulation In Soviet Wheat Deal
The Kansas City Board of Trade said it will continue to reject claims of price manipulation in last year’s Russian wheat negotiations unless new evidence emerges. The CEA investigated futures prices, but the justice department declined to prosecute. The board’s internal committee found no manipulation, while subsidies for Soviet exports rose sharply in 1972.
MENTIONED IN THIS ARTICLE
Kansas City
Kansas City Board of Trade
Commodity Exchange Authority
CEA
Board of Trade
Caldwell
Justice Department
Carlos Bradley
Bradley
Continental Grain Co
Joseph Creed
American Bakers Association
Creed
Sen
Henry M. Jackson
Dwash
Acting BIA Head Seeks Commissioner Nomination
Former Oklahoma native Marvin L. Franklin urged Interior Secretary Morton to nominate a new Indian Affairs commissioner while denying resignation rumors. Franklin says he will remain as special assistant and focus on advising Morton. AIM leader Carter Camp criticizes Franklin and mentions potential candidates like W. W. Keeler. Vernon Bellecourt suggests alternatives to the BIA.
MENTIONED IN THIS ARTICLE
Rogers C. B. Morton
Indian Affairs
Washington
Franklin
Bureau of Indian Affairs
BIA
Morton
Lewis R. Bruce
Carter Camp
White Oak
Okla
The
Indian Organization
W. W. Keeler
Bartlesville
Keeler
Cherokee Indian Nation
Phillips Petroleum Co
Camp
Commission
AIM
Vernon Bellecourt
Inflation Echoes Through Revolutionary Prices
The excerpt notes a long inflationary period with high price swings during the Revolutionary War. It cites a wholesale price index rising from 26.4 in 1775 to 3,650.0 in 1780 and comments that money had little value.
Also Mentioned on This Page
Rod Davis
Federal Deposit Insurance Corp
James Duvall
Ben Gilbert
Terests
Gilbert
Olton
Quanah
Rainesville
Ala
Bank X
Peter
Huntley- Hemphill
AP News
Gail Harris
Alex Caldwell
Senate
Domenico Annicchiarico
Treetops
Pasquino Theater
London
Naper's
Marvin L. Franklin
Wedensday
Rescoe Spires, Ins
Rescoe Anne
Mae
National Bank
Lawton Lumber Co
CIA
REMO
Cedar Lin
Ralph W. Currell
F Avenue
Jack Brittain
Mgr
Dial
Bill Brown
New Shine Parlor
Dave
Sheridan Mall
Cache Road Sq
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