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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 21, 1971)
Page 4 College Station, Texas Tuesday, September 21, 1971 THE BATTALION Authorities must decide who takes rap in SEC case AUSTIN (&) — State and fed eral authorities must decide now who, if anyone, takes the rap in the Securities and Exchange Commission stock fraud case.. And Texas voters may have a final say in 1972 when some of those involved in the stock ma nipulation scandal seek re-elec tion or higher office. AGGIE PLAQUES Plaster Accessories Finished - Unfinished Working Area Free Instructions GIFT - A - RAMA Redmond Terrace College Station U.S. Dist. Judge Sarah Hughes ruled Thursday that eight busi nessmen, including former Texas Atty. Gen. Waggoner Carr and a former state insurance com missioner, John Osorio, had joined in illegal stock transac tions. However, the decision merely placed the defendants, at SEC request, under permanent court orders not to make any i more illegal stock deals. The 11-page decision did not mention Gov. Preston Smith, j Speaker Gus Mutscher, Reps. Tommy Shannon of Fort Worth, W. S. Heatly of Paducah and several others who were not de fendants but have admitted they made quick profits on the ma nipulated stock of National Bank ers Life Insurance Co., now in ! receivership. It also did not mention U.S. 1 Asst. Atty. Gen. Will Wilson, an- WE WANT YOU! DO YOU WANT US? For Information Call 846-5672 TEXAS A&M AERO CLUB, INC. FV8 “FOR AN ATMOSPHERE YOU WILL ENJOY” Featuring: FRIDAY & SATURDAY — “The Resurrections’ SUNDAY NIGHT — Folk Singers—“Tom and Steve” 329 University Drive North Gate 846-9973 Open 7 Nights A Week From 1-12 other former state attorney gen eral and a former legal counsel to Houston promoter Frank W. Sharp, labeled the key figure in the SEC investigation. Sharp, who was one of the eight permanently enjoined, ear lier paid a $5,000 fine and got a three-year probated sentence on minor charges of stock tam pering, then testified against other defendants in return for immunity from further prosecu tion. Now attention turns to federal and state grand juries in Hous ton, Dallas and Austin who will decide if any of the SEC civil law violations should ba followed by criminal law prosecution, in cluding SEC accusations of a scheme to give some state poli ticians quick stock market prof its in return for legislation that Sharp wanted. No matter what the grand jur ies do, the SEC investigation and trial has already had an effect on a number of Texas political plans in 1972 and the balance of power in the 1973 legislature. Smith has been in doubt about attempting a third term cam paign and the SEC investigation undoubtedly will affect his final decisions. There has been no an nouncement but Smith has indi cated by some of his recent ac tions that he will not seek re- election. Mutscher says he is a candi date for a third-term as speaker of the House but there is grow ing opposition among House members, some predicting Mut scher will be ousted before his current term ends in any special session before 1973. Mutscher also must win re-election as a representative from Brenham. Heatly is considered likely to win re-election from Paducah but, unless Mutscher is speaker again, it is highly unlikely Heatly will be chosen as the influential Ap propriations Committee chair man for a seventh legislative session. Two leading contenders for Mutscher’s speakership have voWed they will not reappoint Heiatly. Shannon has said he will seek re-election from Fort Worth and already has an announced oppon ent for the 1972 campaign. Sltill another 1972 campaign, that of Lt. Gov. Ben Barnes for governor, likely will be affected to some degree by the SEC in vestigation. Sharp testified that he once heard Osorio say that House and Senate committees. The Senate group concentrated on operations of the State Bank ing Department, particularly in the collapse of Sharpstown State Bank at Houston. It considers much of its work done with the passage of seven bills in the re cent legislature that gave the banking department more au thority and power to act quickly in a bank crisis. The House committee, which concentrated on SEC charges that outside influence was used to pass two bills in 1969 that would have helped Sharp’s bank, has another session tentatively set for Oct. 7 and 8, with Mut scher, Osorio and Heatly sched uled to testify. Sharp and Carr appeared at the last committee session which ended with charges from Carr and some committee members that Wilson and other top Re publicans were behind the SEC investigation. The committee in vited Wilson to appear but he replied that he would delay any appearance until after the grand juries involved have acted. The state grand jury in Aus tin has indicated it has finished its investigation, primarily into the legislative influence angle, and will report soon, probably the last week in September. A high informed source told The Associated Press recently that the district attorney’s of fice had prepared drafts of brib ery indictment papers that named Mutscher, Shannon, and one of Mutscher’s aides, Rush McGinty, but the papers had not been pre sented to the grand jury. The source also said papers had been prepared naming Os orio in connection with a charge of filing a false report with the insurance commission. The source said this past week that the drafts naming the four men were still in hand and had not been acted on by the grand jury. The district attorneys at Hous ton and Austin held a conference on the site of a trial if either Of their state grand juries should return indictments. “Although we might have venue on a more limited basis than Travis Coun ty (Austin), that county has venue on all matters brought to my attention,” District Atty. Carol Vance of Houston said later. The federal grand jury in Houston, which has concentrated on probing the downfall of Sharpstown State Bank, heard testimony from Shannon Thurs day then recessed until Sept. 27. Its term expires Oct. 26. In Dallas, U.S. Atty Eldon Mu.I hon said his office would begij studying the findings of theSEfl suit but it might be weeks kl fore any cases are presented lnl the Dallas federal grand jutjJ He said the SEC could recoil mend action on criminal violil tions “or we may have to !oct| for it ourselves.” Ijg mmm Barnes had “delivered for us He only deals in cash.” Osorio at once called the testimony “a damned lie” and denied ever mak ing such statements. Barnes’ opponents in 1972 are likely to revive the incident. “We have an uphill fight before us,” a Barnes aide said afterwards. Unfinished investigations are pending before Separate Texas A FERRY BOAT on the Seattle-Bremerton run leaves a wake in the sun-dappled waters of Elliott Bay in Puget Sound. The ferry boat system connects Seattle to many of the islands and population centers in the Puget Sound. (AP Wirephoto) Tom’s Levi’s Pant Shop COME SEE US! Levi’s for Gals Levi’s for Guys 800 Villa Maria BATTALION CLASSIFIED FOR SALE Men’s Ra!ei(?h 5 speed bicycle. New. 846-3098. 13t4 1970 Camero. Blue, 307, 3-speed with Bp leaving town. $2400, or best offer. 204 wide ovals and pee Mu wheels. Must sell, Luther Apt. B. 13t2 House for sale by owner at 203 Suffolk. Quiet neighborhood, large trees, central heat and air. Walking distance to Univer sity and A&M Consol IK kin ance ted. 846-6603. 12t4 1971 Honda 100. SL, 280 miles. Brand new, must sell. Best offer. 846-2980, 3902 East 29th, Apt. B-6. 12t5 eedreading Classes Are Now Being Formed In College Station i > Low Tuition of $50. covers all costs of comprehensive 6 week course. Many A&M students and professors have already enrolled for our fall classes. A few vacancies remain in these evening classes. i OUR GUARANTEE: Your $50; tuition will be refunded if you do not DOUBLE your present v ^reading speed AND IM PROVE your comprehension. If you would like to know more about our course, attend our OPEN HOUSE At 7:30 p. m., Wednesday, Sept. 22 HOLIDAY INN For More Information, Call NATIONAL INSTITUTE OF SPEEDREADING 846-9042 m Toy poodle puppies, six weeks old. White, black and party colors. $40. 846-3130 12tfn 1966 V.W. Squareback. Air, low milei $1095. 846-6801. age. Ilt3 1966 MGB/GT, blue, wire wheels, R&H, etc., minor body damage. $1300, or offer. Norm, 845-5758. Ut4 Old, large, good workir vailable the end o of Septeml St.. College Station. refrigerator 407 Cooner lOtlO 1969 Z-2g Camaro. Factory air, radio. 4-speed, 350 Cu., 400 h.p. engine. 8,000 miles. $2100. Call 846-2470. 9t8 NICE OLD GALVESTON HOME FOR SALE. Three bedrooms, dining room, liv- ' room, study. Price, $15,000. Call 845- 9t8 ing ri 1129. Aggie Den - Open 10 a. m. till 11 P. 7 days a week. You are welcome at Aggie Aggie 137tfn Posters ! Posters 1 brand new releases - —Aggie Den. Posters 1 All of the come see ! Best ever. 137tfn CHILD CARE PLAYLAND NURSERY SCHOOL Conveniently located at 1801 S. College Call 822-2620 A playland for your child, offering ■ educational program for children 2-12. Reasonable rates—hot meals furnished. 137t22 HUMPTY DUMPTY CHILDREN CEN- TER, 3400 South College, State Licensed. 823-8626. Virginia D. Jones, R. N. 99tfn SATURDAY NIGHT BABYSITTING 7:30 p.m.-l :30 a.m. or any other time for groups by reservation. Call before 6 p.m. Friday to make reservations for Saturday. (Open for afternoon Aggie football games too.) For more informa tion cal) 822-2520 or 822-1732. Adult supervision. 137t22 HELP WANTED Students needed to service Fuller Brusl customers. Average $3 per hour. Flexible hours. Call 846-0378. lexible 8tl6 AGGIE WIVES WANTED FOR EM PLOYMENT AS LINE SERVERS IN SBISA HALL. SEE MR. ED HEIN. EQUAL OPPORTUNITY EMPLOYER. 7t8 MALE VOCALIST for a top 40 Band. Call Na- for 8 track tapes artists - $2.98 e; Den. guan ich - aranteed perfect 1 Navasota 825-3768 after 6 p. m. Ask Charles Craig. 136tfn shop early! Aggie 137tf LOST Girlie Magazines - Girlie Pocket books are price at Aggie Den. 137tfn Maggies invited to Aggie Den! Come on over and visit and play a few games of pool! Join the other maggies — Aggie 137tfn White gold with yellow gold edge. Inscribe G. S. D. 7-20-63. 846-3849. Man’s wedding band. White gold v ellow gold edge. Inscribed inside, P. E. H.- 10t4 WORK WANTED Typing near campus, perienced. 846-8965. Electric. Ex- 135tfn Typing. Electric, symbols, experienced. 46.8165. 132tfn Typiag. Symbols. Notary Public. 822- 0526 or 823-3838. 132tfn SPECIAL NOTICE ATTENTION DECEMBER GRADU ATES! You may order graduation ATEa! You may order graduation an nouncements beginning Sept. 13—Oct. 15, Mon.-Fri., 9-12—1-4. Cashiers window, MSC. 8t20 JOY CHRISTEN DAY SCHOOL from 7:30 a. m. to 5:30 p. m. Monday ope onda thru Friday. “The Happy Heart of Child Brings Joy to the World.’’ 822-5658. 30th and South Parker. 7tl6 Hoover’s Tennis Service. One block south of tennis courts. Open 1:30 to 6:30 p. m. 846-9733. 82tfn Service For All Chrysler Corp. Cars Body Work — Painting Free Estimates HALSELL MOTOR COMPANY, INC. Dodge Sales and Service Since 1922 1411 Texas Ave 823-8111 57tfn TRY BATTALION CLASSIFIED WHITE AUTO STORES Bryan and College Station can save you up to 40% on auto parts, oil, filters, etc. 816-3626. WANTED Two tickets for Nebraskn—AAM f‘; Call 846-5300. Experienced (5 years) registered®^ technologist. M T. (ASCP). Dm™. time employment. 5 p. m. Phone 822-6824 FOR RENT Furnished one l>odrnom apartment 1 downtown Bryan, large rooms, two 1 drich air-conditioners. Couples only, per month. 822-1669. After 5:30, 0635. Furnished bedroom, air-conditioned,!"! Students only. Phone 822-08SD bath. 9763. 'TS: n furnished duplex. Ready lor * cy. 1 Vi miles south of campus. 0 fishing. Washatoria on grounds. W try atmosphere. Call D. R. Cain Co. • 0934 or after 6, 846-3408. VICTORIAN APARTMENTS Midway between Bryan & way between Bryai A&M University STUDENTS 1 1 Need A Home Pool and Private Courtyard Limited Applications For The Spring Semester 822-5041 401 Lake St. Apt.H No Vacancies GOOD LUCK TO THE AGGIES!, lilt SOSOLIKS TV & RADIO SERVICE Zenith - Color & B&W • T) All Makes B&W TV Repairs 71.3 S. MAIN 822-2133 Den. Cue Sticks - Jointed - From $8.95 to $198.00 - we have good supply of the very best cues available — Aggie Den. 137tfn Pinball, Billiards, Bumper stickers, Post ers all at Aggie Den. 137tfn HEADQUARTERS FOR PIRELLI (RADIAL) TIRES The hottest posters ever released! Come 137tfn see now at P< A ggie Den. We buy almost anything Aggie Den. 187tfn Also—Racing Oils & Greases Castrol - Pennzoil - Amalie - Valvoline AUTO INSURANCE FOR AGGIES: Call: George Webb Farmers Insurance Group 3400 S. College 823-8051 Aggies! Bring yo Den for a grand time ! at Aggie Den ! Maggie Meet your friends Aggie 137tfn BRAZOS OIL SALES Posters Galore! Come see the brand new releases — Aggie Den. 137tfn 107 East 19th Bryan 823-0016 tfn Havoline, Amalie, Conoco. 35c qt. Prestone—$1.69 Gal Rentals-Sales-Service TYPEWRITERS Terms Distributors For: Royal and Victor Calculators & Adding Machines Smith-Corona Portables OATES TYPEWRITER CO 909 S. Main 822-6000 If you rent or if you buy You pay for the home you occupy But if you buy instead or rent You save the money you would have SPENT! —EVERY DA Y— We stock all local major brands' Where low oil prices original* Quantity Rights Reserved Wheel Bearings - Exhaust' System Parts, Filters, Water and Fuel Pumps, Almost Anv Part Needeil 25-40% Off List Brake Shoes $3.60 ex 2 Wheels — many cars Watch Repairs Jewelry Repair Diamond Senior Rings ONLY 18 LEFT 1971 MODELS AT CLEARANCE PRICES We Stock HOLLEY CARBURETORS EELCO EDELBROCK HURST MR GASKET CAL CUSTOM Other Speed Equipment Senior Rings Refinished C. W. Varner & Sons Jewelers North Gate 846-5816 Nelson Mobile Home, Inc. Alternators $19.95 Exchange Starters - Generators Many $13.95 exch. Your Friedrich Dealer 813 So. Texas — College Station Joe Faulk Auto Parts 220 E. 25th Bryan, Texa* JOE FAULK ’32 Our 25th year in Bryan UME >p A AT IMAK AG Corps Civili Piet HH9B t .. \.v ...