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.
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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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
EHRAS
UPS
Nied
Irin
Jamshid Amoizegar
Wik Ss
Iran
Iraq
Saudi Arabia
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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
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Jothers
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San Antonio, Texas