Government declares Smith bank insolvent in major failure
The U.S. government declared the U S National Bank of San Diego insolvent, selling it to Crocker National Bank for 89 5 million. The bank was California s ninth largest and 89th in the nation with 62 branches and 314 000 depositors. FDIC protection was discussed though some losses to stockholders were expected.
MENTIONED IN THIS ARTICLE
San Diego
UPI
C. Arnholt Smith
Nixon
U.S
James E. Smith
U.S. National Bank of San Diego
California
Crocker National Bank of
San Francisco
Los Angeles Times
Smith
Securities and Exchange Commission
Internal Revenue Service
SEC
US District Court
Westgate California Corp
US National Bank
IRS
U.S. National Bank
Federal Deposit Insurance Corp
Crocker Bank
Crocker
FDIC
Frank Willie
Opinion splits on Reagan tax limit measure
Sacramento upi A state attorney general opinion is cited by both supporters and opponents of Gov Reagan’s tax limitation initiative as a key point. The court could decide if the measure would force a 620 million dollar cut. Reagan cites the commission as a shield against drastic service reductions. Fort Worth Texas upi A truck blocks a freight train causing a 20 minute delay. the owner is persuaded to move but receives no ticket.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Ronald Reagan
Evelle J Younger
Reagan
Economic Estimates Commission
Small Texas town proclaims UFO hosting official
Palacios Texas population about 4000 will designate 1 to 5 pm next Wednesday as Palacios First Annual UFO Fly-in Day at the municipal airport. Mayor W C Jackson says the proclamation welcomes reported flying objects, amid mixed nationwide sightings and local misidentifications from Indiana to Massachusetts.
MENTIONED IN THIS ARTICLE
United Press International
Texas
W. C. Jackson
Palacios
Jackson
New Albany
Clarksville
Ind
Disagreement over Nixon villa appraisal contract in California
State Board of Equalization and Orange County officials fail to agree on a contract to appraise President Nixon's San Clemente seaside villa valued at about 1.3 million by county assessor Villarga. Critics and officials dispute whether the figure is fair with Bennett and Battin urging higher valuations. The board will renegotiate with county supervisors to obtain an honest appraisal.
MENTIONED IN THIS ARTICLE
Sacramento
UPS
Orange County
State Board of Equalization
Nixon
San Clemente
State Board
Orange County Board of Supervisors
George Reilly
Jack Villarga
William Bennett
Robert Battin
Compromise Oil Pipeline Bill Cleared for Final Action
A $4 billion, 789 mile trans Alaska pipeline bill cleared final congressional action after five weeks of negotiations. The measure directs a right of way to Alaska Pipeline Service Co. to build from North Slope to Valdez via tanker transport to the West Coast.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Senate
Federal Trade Commission
FTC
Alaska
North Slope
Valdez
Gulf of Alaska
U.S
Interior
Alaska Pipeline Service Co
General Dynamics Excel Group safety award to Vandenberg team
General Dynamics Convair Aerospace Division at Vandenberg received the 1973 Excel Group award for ten years and over seven million manhours without a lost time injury in Atlas booster operations from 1963 to 1973. Ceremony honored by Convair base manager Roger C. Lynch and attended by SAMTEC and Air Force leaders.
MENTIONED IN THIS ARTICLE
General Dynamics
Convair Aerospace
Vandenberg Afb
J. D. Lowe
Space and Missile Test Center
K. E. Newton
R. C. Lynch
Convair
B. D. Teague
San Diego
J. W. Pauly
1St
Strategic Aerospace Division
Col. E. J. Brechwald
Det
Air Force Contract Management Division
Vandenberg
Air Force
Roger C. Lynch
Kenneth E. Newton
Newton
Grant L. Hanson
General Dynamics Excel Group
Vandenberg Team
Vandenberg Convair
Samtec
Jessup D. Lowe
J. W Pauly
Col
E. J. Brechwald
Det. 1
Nader among victims of Allegheny overbooking scheme
UPI report states Allegheny Airlines bumped 945 passengers with confirmed reservations in April 1972 and denied seats to 15,929 from 1969 to 1972. Judge Richey ordered $50,000 in damages to Ralph Nader and CCAG for willful misconduct, with $25,000 punitive damages to each. Nader's missed Connecticut speech and rally funds were noted as harm.
MENTIONED IN THIS ARTICLE
Allegheny
Nader
Washington
Connecticut
Richey
Connecticut Citizens Action Group
CCAG
FBI probes shooting death on Pine Ridge reservation
FBI agents entered Pine Ridge to investigate the shotgun death of Pedro Bissonette amid AIM charges that he was assassinated by the federal government. Bissonette, 33, a Wounded Knee takeover leader, was killed on a highway while officers tried to arrest him. AIM supporters later dispersed from a hospital vigil.
MENTIONED IN THIS ARTICLE
Pine Ridge
S.D
UPI
FBI
Pine Ridge Indian Reservation
Pedro Bi Sonette
American Indian Movement
AIM
Bissonette
Wounded Knee
Pine Ridge Public Health Service
Pedro Bissonette
Russell Means
Means
Minneapolis
Minn
Bureau of Indian Affairs and
BIA
Dick Wilson
Oglala
Scottsbluff
Neb
del Eastman
Eastman
Walt Kelly creator of Pogo dies at 60
Cartoonist Walt Kelly creator of Pogo and a host of talking swamp animals died at 60 after a stroke at the Motion Picture and Television Country Home and Hospital. He had been hospitalized earlier for insulin shock while traveling from New York. His daily comic strip began in 1949 and became famous for sharp political satire reflecting Cold War era events.
MENTIONED IN THIS ARTICLE
Woodland — Hills
Calif
UPI
Walt Kelly
Albert
Kelly
Motion Picture and Television Country
New York
Walt Disney Studios
Okefenokee
Joseph McCarthy
Wiley
McCarthy
Also Mentioned on This Page
Smith Bank
the Bank
Comptroller
Fort Worth
Tex
Bill Miller
Miller
Greenwoood
Del
Bedford
Mass
Minneapolis-St. Paul
Bradford Roy
Starbuck
McPeek
North H Street
Carefree
By Lees
Lester’s
Northside
I’ St. Shopps
First Valley
Lompoc
H & Walnut Ave
Hiway
Hapgood Road
Pogo
Charles Schultz
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