New Braunfels Herald Zeitung (Newspaper) - February 21, 1984, New Braunfels, Texas
Making a deposit
Appraisal board chooses SASA for district funds
By DYANNE FRY Staff writer
San Antonio Savings Association offered higher interest on small Certificates of Deposit, and became Comal County Appraisal District’s depository institution for the next two years.
The board of directors made the decision Monday night. San Antonio Savings outbid Guaranty State Bank, which has been the district's depository since 1980, and also Texas Commerce Bank. Each of those institutions offered eight percent per annum on CDs less than $100,000. For conventional banks dealing with government contracts, that’s as high as the law allows, said Chief Appraiser Glenn Brucks.
The savmgs-and-loan agency operates under a different set of laws. It offered 8.6 percent for CDs maturing in seven to 90 days, 9.1 percent up to 181 days and 9.965 percent for CDs maturing in 182 to 364 days. CDs invested for periods longer than a year would bring more than IO percent interest.
Guaranty and Texas Commerce offered rates better than eight percent on CDs of $100,000 or more. But Brucks told the board he rarely had that much
money to invest.
Director Esther Boamet said that there seemed to be “not much of a choice, really”; that the district was obligated to store its funds in the bank that would give the best return. Directors voted 4-0 in favor of San Antonio Savings, with George Erben abstaining because he's an officer at Guaranty State. S.D. David, a director at Texas Commerce, decided to vote with the rest, “since I don’t hold any stock in SASA, and I don’t have any deposits there,” he said.
SASA also offered an interest-bearing checking account, to pay 8.1 percent at this time. The rate will fluctuate, Brucks said, but a minimum of 5.25 percent is guaranteed. The other banks offered a flat 5.5 percent. The savings association also provides checks.
Boamet and board chairman Charles Lewis both indicated they would have preferred more time to look at the bids before making a decision. The present depository contract expires at the end of February.
This was SASA's first time to bid on the appraisal district's depository. New Braunfels National Bank,
which has bid in the past, decided not to submit a proposal this time, Brucks said.
Director Arnold Moos was opposed to the 1984 holiday schedule, which included one more day off than last year’s. The rest of the board voted in favor, and the schedule was approved 4-1.
Brucks said the schedule was identical to Comal County’s, with ll holidays in all. Veteran’s Day was taken off last year’s list, but the new schedule gives employees two days off at Christmas and New Year's as well as Thanksgiving. In addition to the regular state holidays, local governments shut down for one day during the annual Youth Show.
The board talked about the car allowances paid to the district's field appraisers, but made no move to change the system at this time. Brucks currently pays $200 per month to appraisers working mostly in town (including himself) and $225 to those who work outlying parts of the county.
When someone asked if he’d kept up with the number of actual miles driven, Brucks deferred to appraiser Curt Saur. Saur said he usually drove
See APPRAISAL, Page 12
Herald-Zeitung sold to Southern Newspapers
The announcement of the sale of the New Braunfels Herald Zeitung to Southern Newspapers, Inc. was made Monday in a joint statement by Mrs. Martha Ann Walls, president of Southern Newspapers, Inc., and Ted Taylor, president of Taylor Communications, Inc.
Taylor Communications has owned the newspaper since IMO.
David F. Kramer, general manager of the HeraldZeitung for more than two years, will remain in that same position, according to Southern Newspapers, Inc. Claude Scruggs will retain the title of publisher.
“I am very pleased that Southern Newspapers, Inc., has purchased the Herald-Zeitung, although I have enjoyed my relationship with Taylor Communications, Inc.,” Kramer said.
“I feel that being associated with this newspaper organization will be beneficial for our operation, our employees and our readers.
“We will continue to operate as we have without any noticeable changes. There will be no changes on die staff,” he said.
“New Braunfels and Comal County being located in the Austin-San Antonio corridor have a bright future,” Kramer said. “Growth is inevitable and the Herald Zeitung will continue to be part of that growth.”
Southern Newspapers, Inc., based in Houston, has properties along the Texas Gulf Coast and in Alabama, Georgia, North Carolina and New Mexico.
Syd Gould and Associates acted as consultant.
New -!-1—1-I- Braunfels
Nm Braunfels. TexasHerald-Zeitung
Volume 93 —No. 37 12 Pages
February 21, 1984
Mondale wins big in Iowa caucuses
DES MOINES. Iowa (AP) - Walter F Mondale says his “perhaps spectacular'’ victory in Iowa will help convince Democrats that he is the man to defeat Ronald Reagan, but hi* opponents for the nomination say they will be read) for hun next week in New Hampshire.
Sen. John Glenn, whose claim to be Mondale’s prime challenger sank under the weight of a fifth-place finish, said, We took a licking tonight but we are on to New Hampshire ... I hope we do much better than we did in Iowa. obviously, we won’t do much worse. ”
Mondale scheduled a quick trip to the Granite State today. Others were already at work there, preparing for the first-m-the-nation prunary Feb. 28.
After the dimensions of his Iowa caucus victory became clear Monday night, former vice president Mondale told reporters.
“I think I’m going to be nominee and I think this win here in Iowa strengthens me considerably,” said Mondale ‘ Tonight is the beginning of the end of the Reagan
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administration lift the word go out from Iowa to the nation — to all Americans who want a safer world, I am on your side ” Iowa Republicans held caucuses as well on Monday, but Reagan had no opposition for renomination To rally his troops and beat up on the Democrats. Reagan came to Iowa on Monday for his first political trip since he announced Mundale’s victory was lopsided and long expected Television networks projected his triumph while the caucuses were still under
way. prompting an outraged state
chairman. David Nagel, to complain that they had interfered with the process Mondale nearly shut out his opponents in the fight for national convention delegates He took nearly half the raw vote at the 2.495 precinct meetings and led for 48 of 50 nominating delegates Sen Garv Hart of Colorado, whose second-place finish gives him a claim to be Mondale’s top challenger, won two delegates
It will be a big boost It will add additional energy to our effurt lier*." Hart told supporters in Manchester. NM ‘ Hopefully, it does turn this into a Hart-Mondale race ... It sets up a contest between the party’s future and its past ” George McGovern, starting late and spending little here, finished a surprising tfurd and called it a “minor miracle ’*
“A great many Iowa voters voted their convictions and voted their conscience,” said the party’s 1972 standardbearer With the New Hampshire primary only
See IOWA. Page 12Hart, McGovern get boost from Iowa results
MANCHESTER, N.H. (AP) -Buoyed by a second-place finish in Iowa, Colorado Sen. Gary Hart says the key to his Democratic presidential bid is immediate recognition as the only alternative to front-runner Walter F. Mondale.
“I think you’ll see the gap narrowed very, very quickly,” Hart told reporters who crowded around hun at
This afternoon was expected to he sunny and wanner than the last two, with a high in the low-atte and north winds near IO miles per hour. Tonight will be clear and cool, with temperatures dipping back into the low-30b, and winds almost calm. Wednesday will be sunny and warm, with breezes shifting to the southeast at IO miles per hour. Sunset today will be at 0:25 p oland sunrise Wednesday at 7:04 a m.
his Manchester campaign headquarters Monday night.
“I think this will be a two-person race, and I’ll win it.”
Hart said his No. 2 showing in Iowa’s precinct caucuses will focus more attention on him, enrich his campaign coffers and persuade undecided voters in New Hampshire and other early contest states that his
Arts Council ready for funds requests
By DEBBIE DaLOACH Staff writer
More than $217,000 in hotel-inotel room occupancy tax was divided among the arts, the Chamber of Commerce and the City of New Braunfels in 1N3.
Members of the Arts and Cultural (Commission wert pleased to hear that Monday night, because they are charged with dividing up the arts’ IO percent of an estimated slimier figure for 1984.
“We had ISI,50 for distribution for
candidacy is alive and deserves their support.
“I expect more people will have heard my name tomorrow than have in the past year,” he said.
Despite the burst of optimism. Hart’s aides concede he has done little to organize key southern states that will hold caucuses March 13, and he lags far behind Mondale in fund
Former Sen George McGovern of South Dakota emerged from the ranks of longshot* to finish just behind Hart He claimed he had pulled off a “minor miracle,” and said his showing proved that many Iowans voted their convictions and voted their consciences.”
Sen. Alan Cranston finished fourth.
lower than the "clear third’’ he had said w as necessary to remain a viable candidate Even so, the Californian said the results were not fatal to his candidacy, adding “We are all still in the race’’ against Mondale Cranston branded Sen John Glenn of Ohio the big loser, and the caucus returns bore him out Glenn finished a distant sixth.
behind four other candidates and an * uncommitted’’ bloc.
He took his lumps at a news conference in Boston, declaring, “I’m not making any excuses We got whipped tonight ”
Former Florida Gov Reubm Askew, the Rev. Jesse Jackson and Sen Ernest Bollings of South Carolina finished in the last three places.
Post Office blues
Chamber board dislikes Postal Service's site choice
the arts in 1983," member Dan Sedgwick said “With the
enlargement of hotel-motel facilities we’re havuig, I think we can at least expect something bi the same range — if riot better — to work from this year.”
Actually, the HersldZtnluny found an small error rn the dollar amounts made public Monday night that adjusted Sedgwick's figure upward by $200. The dollar difference was confirmed by City Hall Tuesday
See ARTS, Page 12
By PATRICIA YZNAGA KING Wire editor
The New Braunfels Chamber of Commerce board of directors does not agree with the Lr S. Postal Service's site for a new local post office The post office field real estate and buildings office announced recently that it prefers the site al U.S Highway 81 and McQueeney Road to the South Seguin Av enue site next to the Some Dnve-tn A post office at the first location would sort of topside the city,’ Mitch Sacco, chamber post office committee chairman, said The chamber voted to send a letter to the field real estate and buildings office to tell them that the South Seguin Avenue site is preferable because it is doser to the center of town The real estate office said that the South Seguin Aveune site. With its access to South Casted Avenue, would pose driving dangers The chamber disagreed, stressing the importance of having the post office near downtown Widening of the South Seguin Avenue bridge would help remove dm mg hazards, Sacco said The original preferred site for a new post office was to have been 11‘2,(WO square feet or a lot with dimensions of 265 feet by 350 feet The site would he bounded by the Comal River on the north. Santa (Tara Street on the south. Garden Street on the east and the Missouri-Kansas-Texas railroad tracks on the west
Hie preferred site area was later expanded to include Highway ll on the west
Staff photo 6* Ar#/*#*
Mitch Sacco holds a letter from the Postal Service concerning its preference for a new local facility