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San Antonio Light in San Antonio, Texas

Page 1

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

San Antonio Light

Location

San Antonio, Texas, United States of America

Date

Jan 28, 1971

Page

1

Plan to raise funds faces slim odds in legislature

A House committee scheduled a hearing on Smith Money Issue Plan amid doubts it will become law. A deficit spending proposal to avert a financial crisis awaits approval, with welfare payments likely to be cut by a third by time. A separate measure would create an independent ethics commission and set lawmakers salaries, while a constitutional amendment on welfare spending was heard by the House committee.

Alsein Smith Cheared Reuse Co Flan Avian Hear Welfare Department Houser Senate Widay Apy Ninemenier NBL Urough Cayness Propas Edie Sena Bk i ‘Ilors Austin Ren Atwell Dallas J. P. Ward Chet Brooks Houston Sehairman Revenue Merilian Allinosal Investi Cnsigners Dan

Stock Case Baum Urged to Step Down

AP report from Dallas cites calls for Baum to resign amid a corruption probe into stock dealings. The proceedings involve National Bankers Insurance Co. of Dallas and a securities inquiry, with broader political fallout in Texas including a proposed constitutional amendment on higher education funding. Local reactions span state banking oversight and calls for transparency in the Baum case.

EL Paso F Mer Baum Sue Banking Board Baum Visa Shout Securities & Change Commis Sion Tfe National Bankers Insurance Co Dallas Civl

Sharpstown Bank Depositors Face Delays in Payouts

UPI reports Sharpstown Bank liquidated by FDIC with over 20 000 insured and larger accounts awaiting funds. Depositors with under 20 000 insured may receive money within days. those above face weeks to months as assets are liquidated. Officials note possible new bank formation to replace the scandal‑torn institution.

Houston UPI Sharpstown FDIC Quin Ian Thompson Federal Deposit Insurance Uail Sharpstown Bank Smite U.S. Securities Robert E. Stewart Change Commission Bbank Opera Bank

4000 Children Still Snowbound After Blizzard

About 4000 children remained snowbound south of London Ontario as a savage blizzard battered the region. The storm disrupted schools with 20050 students reportedly napping while Bernie Luke Huron reported the severe weather affected Tuesday and Wednesday travel and safety.

London Ont Landint Gadylida Bernie Luke Huron n+ far

Oil talks begin amid Western oil majors and Persian officials

Representatives from major Western oil companies meet with Iranian Iraqi and Saudi ministers to avert a crisis in the oil industry. Jamshid Amoizegar, Iran's Finance Minister, states the four hour session progressed satisfactorily as discussions continued.

EHRAS UPS Nied Irin Jamshid Amoizegar Wik Ss Iran Iraq Saudi Arabia

Also Mentioned on This Page

Curtis Grari Annse Frank Calhoun Abslent Mutseher Graves Sharpstown State Bank of Decem Cape Trey Strong Service Committee On Constitutional Armee Ment Sharpstown State Bank Harris Ben Barnes Preston Smith Baum and Smith Agency Ike Harris Gus Mutscher Angly Mutscher ANBL Gay Smith l Banmy Fr Sharpstown Bank SEC Smith, Baum Mulscee Jothers Wappener iEner Attershot Clive Saathoff Friedrich WSU Pichon Deliver Steam Clean Chi Mator Align Blades Cheecs Shed Cox Ghieek Sor W. Hildebrand Soes Wringer DIA Avacado Porture Phonograph Downtown Houston ST San Antonio, Texas
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