Outcry at Officials Over Sharpstown Stock Probe in Texas
The January 22 1974 report details SEC suits and hearings involving former Texas Attorney General Wagooner Carr and others tied to Sharpstown stock deals. It notes Lt. Gov. Ben Barnes calls for disclosure while U.S. Atty. Eldon Mahon and banking examiners monitor related cases and banks. The piece covers Ramilies hearings, Shivers and Smith depositions, and claims of impropriety denied by defendants.
MENTIONED IN THIS ARTICLE
Ben Barnes
Barnes
U.S. Atty
Eldon Mahon
Fort Worth
SEC
Houston
Grand
Mahon
Robert Stewart
Dallas Bank and Trust Co
City Bank and Trust Co
Dallas
Sharpstown State Bank
Smith
Speaker Mutscher
Fed
Allan Shivers
Texas Atty
Will Wilson
Sharpstown Realty Co
National Bankers Life Insurance Co
Wilson
U.S. Justice Department
Shivers
Gov
Sarah T. Hughes
Gen. Carr
Sharpstown Bank
National Bankers Insurance Co
Master Control, Inc
Olympic Life Insurance Co
Oak Forest Realty Co
Oak Forest Investment Co
Frank W. Sharp
Sam Stock
Soundness
City National Bank
State Banking Commission
Sharp
Gayle Schroeder
Dallas Bank and Trust
Schroeder
Joseph Novotny
City Bank and Trust
Banking Commission
Hughes
NBL
John Osorio
Sharpstown State Bank of Houston
Baum
Watson
Osorio
Dr. Baum
Frank Sharp
John
Boltz
Austin National Bank
Governor’s Office
Austin
House
Senate
FDIC
Texas
Industrial and Investment Enterprises Inc
Supreme Court of Texas
National Bankers
Sims
Commission
Preston Smith
Disclosure Decree Fuels March Hearings On Bank Solvency
State Banking Commissioner Robert Stewart says three banks Sharps Town State Bank Houston Dal las Bank and Trust Co and City Bank and Trust Co Dallas face a federal suit. Examiners rank Sharps Town Bank and visits to Dallas banks follow. GOP lawmakers press Rep Jim Earthman for resign at Feb 8 Dallas SEC hearing amid probe. Barnes testimony links a $60 000 loan to National Data Communications stock. stock at 5.50. SEC contends banks and others sought to avoid FDIC rules via state insured deposits.
MENTIONED IN THIS ARTICLE
Robert Stewart
State Banking Department
Sharpstown State Bank
Houston
Dallas Bank and Trust Co
City Bank and Trust Co
Dallas
Stewart
Mutscher
Jim Earthman
SEC
Ask
GOP
Bill Blythe
Sonny Jones
Banking Department
Joseph P. Novotny
Barnes
National Data Communications
Harold Hinn
Plainview
National Bank of Commerce
Hinn
Isnonse
Federal Deposit Insurance Corp
Smith
Shannon
Palmer
Osorio
Carr
National Bankers Life
Shivers
Steel Plant Blast Kills Three at Warren Ohio Site
An explosion at the Copperweld Steel Co plant near Warren Ohio killed at least three workers and injured twelve others. Police said the blast and ensuing fire caused deaths from concussion and flying debris as responders contained the flames.
MENTIONED IN THIS ARTICLE
Warren, Ohio
Copperweld Steel Co
Here
Rejected Bill Aimed at Escaping FDIC Control
Legislative records show 12 representatives and two senators opposed a 1969 bill to let some state banks escape FDIC control. The measure, tied to private insurance for deposits, passed the House 123-12 and Senate 4-2, with critics including Rep. Don Adams and Sen. Bill Patman opposing.
MENTIONED IN THIS ARTICLE
Reps
Don Adams
Jasper
A. C. Atwood
Edinburg
Jim Earthman
Houston
David Fans
San Antonio
Gry Floyd
Wil Lee
Felix McDonald
Charles Patterson
Taylor
Frances Farenthold
Corps Christi
Don Cayness
Austin
Dmund Jones
Tmostston
House
Agwood, Cayness
Fyiins
Flood
Lee
McDonald
Also Mentioned on This Page
Lubbock
Avalanche-Journal
Ramilies
Wagooner Carr
Committee of 100
James E. Sims
Gov. Smith
PROBE
Powernap
J. M. Falkner
The
Texas Bankers Association
Boot & Western Store
Mto Hy
Freddy Poteet, Clu
Our Leaders Club
Western National Life Insurance Company
Freddy Poteet
CLU
Ave
Steel Firm
Lb & H Drug Store
L&h
University
Big Spring
Kry
Manterey Professional
Mark
Briercroft