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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Mar 19, 1973
Page
3
Rural lawmakers prepare for a House Public Works hearing on an $18 billion three year highway bill. They oppose allowing up to 856 million dollars per year of highway funds to be diverted to mass transit as proposed in the Senate version.
Twenty six American prisoners of war flew from Clark Air Base in the Philippines to reunite with relatives in the United States. Among them was Maj. Floyd J. Thompson, the longest held POW, who would be greeted by his nine year old son he had never met.
Texas Pacific Oil files No 1 Montgomery Falk Fusselman wildcat in Pecos County with depth 13 450 feet and 7 8 mile offset to Ellsinore gas field production near Fort Stockton. Ladd Petroleum plans No 2 Gomnez South Unit south outpost for Ellenburger at Gomez field. Tomlinson Interests halt pits at Fort Stockton Gas Unit testing Ellenburger zone with 2 MMcf/d and water. Mobil Oil completes No 110 State Sullivan workover in Brown Thorp field.
A report by the U.S. Commission on Civil Rights charges Southwest teachers and schools fail to involve Mexican-Americans as actively as Anglo students. Findings cite biased praise, unequal participation, and limited cultural and linguistic accommodation, urging reforms in training and curricula.
Nine states have adopted separate bonus programs for Vietnam veterans offering cash payments and tax exemptions beyond federal benefits. Connecticut, Delaware, Illinois, Louisiana, Massachusetts, Pennsylvania, North Dakota, South Dakota, and Vermont report payments up to 600 dollars in North Dakota, 300 dollars in several states, plus survivor benefits and residency requirements. The programs aim to augment federal rights and may spread as public sentiment shifts postwar.
Gerald E. Sherrod vice president of First National City Bank in New York and 1973 SPE president will speak at the Trans Pecos SPE dinner in Monahans at 6 30 p m on Tuesday. He will discuss fuel shortages and factors behind the decline in domestic exploration and drilling and urge government incentives to stimulate exploration and processing in the 1970s. He also holds the role of engineering vice president in the bank's Petroleum Department.
The dollar surged at opening as markets restarted after a two week shutdown. Tokyo and European centers showed initial strength but noon trading nudged the rate back. Paris ministers endorsed a global float, ending fixed Bretton Woods parities, with six core currencies tied to the dollar and the weaker British, Irish, and Italian currencies floating independently.
Two New York banks including Manufacturers Hanover Trust Co and Marine Midland Bank raised their prime lending rate from 6 1/4 percent to 6 3/4 percent effective immediately. This marks the second increase since February 26 and comes as loan demand grows and banks seek cheaper funds. Manufacturers Hanover noted loans up more than 10 percent so far in 1973.
A compact reflection on time as a relentless, enduring presence that defies effort to stop its advance. The piece frames time as one of the toughest forces to resist, shaping lives through both humor and patience.
Elizabeth Sanders, a Southwest Texas State University student, tackles a broken tractor as her agricultural mechanics project. The task, part of a course on farm machinery, marks her as potentially the first female in the program to major in agriculture. The repair focuses on a tractor damaged in the May 1972 San Marcos flood.
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