24 Aug 1972
Page 1
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Newspaper
Snyder Daily News
Location
Snyder, Texas, United States of America
Date
Aug 24, 1972
Page
1
The SDN Column recalls a Houston man who survived a May 10, 1968 pickup rollover near Snyder and praised local care. It notes flood comparisons to 1939, Lake E.V. Spence striped bass stocking, and Texas water usage milestones.
On August 24 across history, 1814 British troops burned the Capitol and White House in Washington. Other noted events include 79 A D Vesuvius eruption burying Pompeii Her culaneum, 1777 Washington’s army in Philadelphia, 1862 Bragg invades Kentucky, 1891 Edison patents motion picture camera, 1932 Earhart non stop U S flight, 1939 Nazi Soviet non aggression pact, 1972 Kaiser death, 197? Canada abandons Bomarc missiles.
Nationwide forecast shows partly cloudy skies with scattered thunderstorms across Panhandle to Southeast Texas. Temperatures range from mid 60s to near 100 across regions with cooling trends in the north. Winds along the coast and from Brownsville to Port Arthur increase to 18 knots with isolated showers.
At Houston space center officials say research and development funds are cut by about 140 million dollars, risking 1200 to 1400 contractor jobs. Several programs including two Apollo craft and the T38 fleet are reduced, but current missions remain unaffected. The center cites overall fiscal year 73 cuts and notes similar actions may follow at other NASA centers. Nixon then pledges defense economy while warning against eroding U.S. strength.
Severe storms sweep Texas with a million-dollar cotton loss near Quitaque as hail the size of golf balls and 60 mph winds hit Brownwood. Flood warnings stretch along upper Frio Sabinal Seco and Hondo creeks west of San Antonio after four inches of rain. Tornadoes threaten Galveston Island Bolivar Peninsula and a twister near Lubbock Airport.
A House subcommittee after 26 days of hearings urged a central market system for the securities industry. It called for open exchange membership for qualified broker dealers and competition among market makers, with tougher penalties and new entry standards.
A new federal credit card liability limit has boosted detective work as private investigators hunt for fraud. Texas regulators say many investigators lack licenses and funding to regulate a growing industry, with budget requests aiming to raise licenses from 500 to 3,000 by 1975 and add 10 investigators. Investigators are also being used in political campaigns, prompting calls for tighter regulation.
The Small Business Administration opens flood damage loan applications at Snyder City Hall after a presidential declaration designates Snyder as a disaster area from the Aug 13 flood. Loans carry 1 percent interest and must be processed within 90 days under the new law, shortening the prior six month period.
Vice President Spiro T. Agnew said he is distressed by his public image and wants to change it while avoiding any definitive decision on a 1976 presidential bid. He refused to answer about future plans and noted he may still consider the presidency, though not commit to it.
More than 1000 demonstrators arrested during the Republican National Convention protests were released after posting bonds. Dade County Jail officials reported most bonds ranged from 3 to 40 dollars as all-night bond hearings continued. protesters headed back to Miami Beach and began dismantling the Flamingo Park camp.
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