Probe Planned Into Teton Dam Collapse In Idaho
Idaho officials plan a probe by the House Interior and Insular Affairs Committee into the Teton Dam failure. Water seepage around a concrete curtain may have hastened the collapse while the structure was first being filled. The disaster killed seven and left about three dozen missing as damages reach hundreds of millions.
MENTIONED IN THIS ARTICLE
Idaho Falls
Idaho
Teton Dam
Teton
Snake Rivers
Washington
House Interior and Insular Affairs Committee
U.S Bureau of Reclamation
Teton River
Bureau
Pakistan
Peru
William Bingham
Gas Deregulation Bill Compromise Rapped
In Fort Worth Texas U S Senator Lloyd Bentsen and Representative Bob Krueger condemned Senate Bill 3422 on deregulating wellhead gas prices. They argued the plan shifts price setting from the FPC to Congress and fails to ensure flexible prompt supplies while urging better energy policy. Gov Briscoe was to address the audience.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
U.S
Lloyd Bentsen
Dtex
Bob Kreuger
Senate
Krueger
House
Texas Oil and Gas
Bentsen
Texas Independent Producers and Royalty Owners Association
Dolph Briscoe
Federal Power Commission
Congress
Ford
Pound Saved by Big Loan Helps Sterling Jump
London AP reports the pound surged after a $5.3 billion international loan to support Britain's currency. Sterling rose to about $1.80 early trading, then held around $1.7745 at noon, marking its highest since May 20 as miners union acceptance of wage restraint aided the boost. The move followed U.S. and foreign aid and the decision to delay nationalization bills, with inflation at 18.9 percent and the pound having fallen from $2.40 earlier in the year.
MENTIONED IN THIS ARTICLE
London
Britain
Miners Union
Denis Healey
Labor
Healey
House of Commons
Margaret Thetcher
James Callaghan
Gas Price Rules Move To curb High Rates in Texas House
A Texas House subcommittee voted to empower the railroad commission to cancel price increases in most natural gas contracts rather than freeze prices for three years. Sponsor K B Watson of Pioneer Natural Gas estimated about 10 000 contracts contain redetermination clauses. The panel adopted a provision allowing the commission to abolish a redetermined price if it is not in the public interest and to set current market levels. The measure advances to the House State Affairs Committee next week. Frank Stubbs urged a three year freeze on prices above 1.50 per thousand cubic feet, but the subcommittee backed Watson’s approach.
MENTIONED IN THIS ARTICLE
Austin
Tex
TAP
House
Railroad Commission
Frank Stubbs
Wharton County Electric Co-op
Ed Mayes
Rep
Mayes
D-Granbury
Public Utilities Commission
K.B. Watson
Pioneer Natural Gas Co
Texas
Watson
Commission
Stubbs
Legislator Subcommittee
Yarbrough Admits Misrepresentation In Bank Loan Case
Donald B. Yarbrough testifies in Houston that he misrepresented owning the controlling interest of Gold and Silver, Inc. twice in 1974 to secure loans at better rates. He says some statements were not entirely false and that he used Cooper’s money as security while planning to refund it if requested. Final arguments in the $117,500 suit are set for Wednesday in state court.
MENTIONED IN THIS ARTICLE
Houston
Donald B. Yarbrough
Gold and Silver, Inc
Yarbrough
Texas Supreme Court
Greater Houston Bank
River Oaks Bank & Trust Co
Yarrough
Michael Maness
Rex L. Cooper
State Court of Dist
William N. Blanton Jr. Yarbrough
Cooper’s
River Oaks Bank
Gold and Silver Limited
of Gold and Silver Limited
Withholding Proposed on Interest and Dividends
The plan would require income taxes be withheld from interest and dividend checks to over 50 million U.S. households. IRS says withholding could raise up to 2.4 billion dollars annually and curb tax evasion amid debate on broader tax reforms and shelters.
MENTIONED IN THIS ARTICLE
Washington
Congress
Internal Revenue Service
Senate Finance Committee
Russell Long
D-La
IRS
Donald C. Alexander
Senate
Treasury Department
Long
Witco Increases Dividend On Common And Pref Shares
Witco Chemical Corp announces a quarterly common stock dividend raise to 35 cents per share from 30 cents. The 66.25 cent quarterly dividend on the $2.65 cumulative convertible preferred stock remains in place. Both are payable July 1, 1976 to shareholders of record June 17, 1976.
MENTIONED IN THIS ARTICLE
Witco Chemical Corp
Also Mentioned on This Page
Georgia
Ricks
Rexburg
Idaho-Utah
U.S. Reclamation
Gilbert Stamm
Idaho Falls Hospital
Snake River Valley
United States
Bank of England
London Stock Exchange
Federal Reserve Board
Belgium
Canada
France
Italy
Japan
The
Netherlands
Sweden
Switzerland
West Germany
Bank For International Settlements
Zurich
Coffeyville
Kaw
George and
Frances Morse
Paul J. Wright
House State Affairs Committee
Cooper
Alexander
Witco
Bulova
Mowen's
Virginia Place
Port Lavaca
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