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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 30, 1971)
ick l > the kickoii and the lot, my Rodgen jnst anoftt! He wins Ht great f or Saturda, *■ what it vj) the ion Cloudy, may rain Vol. 67 No. 19 College Station, Texas Thursday, September 30, 1971 SATURDAY — Partly cloudy, afternoon thundershowers, wind south 15 to 20 m.p.h. High 91, low 72. KICKOFF — Wind South 10 to 12 m.p.h. 78°, humidity 75%. 845-2226 e P the quat, when tktf be in then 1 him,” Bin) Eight men indicted in Sharp bank case SfflS HOUSTON <A>) — A federal ?rand jury investigating the col lapse of a state bank controlled by Texas promoter Frank W. GIVE ^ arp * n( ^ cte< f e ight men Wednes day, including four former bank ixaminers. One indicted is Ted Bristol, a former Federal Deposit Insurance Corp. bank examiner for whom Asst. U. S. Atty. Gen. Will R. Wilson acknowledged he pur- ihased stock at Sharp’s request. Bristol, now living in Dallas ivas indicted on a charge of ac- lepting a $10,000 loan from Sharp in 1969. Federal statutes forbid bank Ixaminers and assistant bank ixaminers from receiving loans or gratuities from banks that are :overed by FDIC protection. The Sharpstown State Bank was the main jewel in Sharp’s Jto/1 f' nanc i a l empire. ™t\ 1 The bank closed nine days after s. Securities and Exchange Commission investigation showed irr Sharp had been making loans to iTIj |key state government officials, CM, \ Gov. Preston Smith and [Texas House Speaker Gus F. Jfutscher. The state officials used the money to buy stock in National Bankers Life, also controlled by Sharp. They made large, quick profits from the stock. Since the filing of an SEC civil injunction suit Jan. 18 in Dallas, National Bankers Life also has been placed in state conservatorship. The Wednesday indictments al so charge three former bank ex aminers with accepting illegal loans from the Sharpstown bank, the same sort of charge as that against Bristol. Four other men, three of whom are former of ficials of the bank, were charged with misapplication of bank funds, making false bank entries and making illegal loans to bank ex aminers. John T. Knight, a former FDIC examiner from Houston, was in dicted on a charge of accepting four loans totaling more than $27,000. The former state bank exam iners indicted are Welton Adler of Laredo and John B. Hooper of Houston. Adler is charged with accepting four illegal loans total ing $6,417. Hooper is charged with accepting two loans totaling more than $6,000 from the bank and from Sharp. Others named in the four in dictments were Charles L. Henke, a Houston real estate man, and Douglas N. Lane, Carl Lundquist, and Herman Nelms, all former vice presidents of the defunct Sharpstown bank. Lane was also head of Doug N. Lane Enter prises, Inc., which two of the in dictments allege was used in mak ing unsecured and fraudulent loans from the bank. Bristol, who was named indi vidually in one indictment, al legedly received $10,000 on Feb. 28, 1968 from Sharp through the Oak Forest Investment Co., an other Sharp controlled Houston firm. Wilson acknowledged in state ments last month that he ar ranged purchase of stock in the insurance company for Bristol in February 1968. The federal attorney said he was making the explanation to counter “insinuations that I am or have been involved in illegal activities.” Lundquist, Lane and Henke are charged together in one indict ment with manipulating loans from the bank. The indictment alleges they made fradulent loans, made loans to fictitious persons, used frau- dently obtained signatures to get loans for persons who were un aware they were being so used, and made false bank entries. Lane and Henke also were charged with making loans using their wives’ maiden names. Another indictment named Nelms, Lane and Hooper in con nection with allegedly illegal loans to Hooper. Nelms and Lane are charged with loaning Hooper $3,812.88 from the bank. Hooper Barnes advocates liberal stand on state drug laws is charged with accepting that loan, plus one for $57,000 from Sharp through the Oak Forest Investment Co. The fourth indictment names Lane, Nelms, Knight, Adler and Henke. The indictment alleges the bank officers were warned when an examination of bank records was planned, and then moved records of the loans or marked them as paid. After the examination, the true bill alleges, the loans were moved back into the bank, and those which had been stamped “paid” were stamped “cancelled in error.” The fourth indictment also al leges bank loans were made to Knight and Adler, who were then bank examiners, and that loans were made to Doug N. Lane En terprises, Inc., without collateral. The bill also alleges “stand-in” borrowers were used to obtain loan money from the bank, and that some loans were made with out showing the true borrowers or the true purposes of the loan. U. S. District Court Judge Woodrow Seals set $5,000 person al recognizance bonds for each defendant. Bristol, according to his wife, had no comment on the grand jury’s action. Reality soon Senate ( . ANOTHER PARKING LOT takes shape between the YMCA and the Coke building, re moving the north end of Main Drive. This action, plus the removal of several trees be tween the Coke building and the Meteorology building, has drawn criticism from stu dents concerned about the environment and who gets to park in those spaces. (Photo by Hayden Whitsett) starting credit union S OREENf STAMPS/ m H By DEBI BLACKMON Staff Writer “I don’t believe a young person should be sent to the penitentiary 'the first time he is caught with a marijuana cigarette,” Lt. Gov. Ben Barnes, said at a Political Forum’s Noon Series presentation Wednesday. “I still stand on that statement which I made in 1969,” Barnes said, “although it has gotten me the most adverse comments and a considerable amount of mail.” Barnes spent almost an hour explaining the development of the drug problem in Texas and what the state legislative and execu tive branches are trying to do to retard it now. “Federal government actions have tossed the drug abuse prob lem to the state and local level, and this is one battle we will Student Senate now compiling club directory A new concept of a Club Direc tory, which will include informa tion pertinent to perspective club members, is now being compiled by the Student Senate for next semester. “Due to the turnover in the or ganizational personnel and par ticularly sponsors and club presi dents,” says Barb Sears, record ing secretary for the Student Sen ate, “I am having a pretty hard time right now trying gathering the information I need. I am hav ing a time with the hometown clubs especially.” The directory will include club requirements and fees, presidents and sponsors and their phone and addresses, and other facts con cerning every organized club on campus. It will be a form of guide to the students interested in join ing a particular club. The Club Directory will be made available to the student body free of charge by the Stu dent Senate. Clubs who have not filled out a questionnaire form are asked to contact the Student Senate office in the MSC. Banking is a pleasure at First Bank & Trust. have to fight a great deal by our selves,” Barnes said. Barnes explained that Texas’ drug laws were slightly behind because, before 1967, the state legislature “wouldn’t even admit that anyone in the state of Texas used drugs.” It wasn’t until 1969 that laws for drug control were brought before the house. Part of the difficulty, he be lieves, is that of the $234 per person spent for state services in Texas, only seven cents currently goes for enforcement, treatment, and drug education. Barnes took a strong stand on his views of Texas’ policy toward the current drug problem. “We are trying not to criminal ize a whole generation of young people,” Barnes said, “we are, promoting legislation to cripple the pushers—they belong under the jailhouse.” Barnes advocates a new liber alized drug law that would allow the first offense of possession of marijuana to be lowered to an misdemeanor status, while the second offense would stay a fel ony offense. Barnes continued that it wouldn’t lessen the serious ness of the crime, but give the defendants with no other crim inal records a second chance. “A misdemeanor is grave Memorial arranged A Nelle White and Charles Henderson S e a w e 11 Memorial Scholarship Fund has been set up at A&M through a gift of 1,000 shares of McCormick and Co. stock. Mrs. Belle Patterson Elam and Mrs. Elizabeth Elam Roth of Houston presented the stock, val ued at $70,000 at the time of the gift, to A&M. President Jack Williams said permanently endowed fellowships for graduate students in busi ness are being established in hon or of the late parents and grand parents, respectively, of the don ors in line with their wishes. “Texas A&M welcomes this splendid fellowship fund and agrees to administer it as the donors desire,” the president said. enough, with the publicity it gets,” Barnes reasoned. “If we arrest every student that has come in contact with marijuana, there would not be enough room in Huntsville or Gainesville to put them.” “I advocate making the first offense a misdemeanor, leaving the consequences of individual cases to the judge’s discretion,” Barnes said. “What I will work for is legislation that will prove tougher and tougher and tougher on the pushers.” Although Barnes admitted that laws concerned with marijuana should become more liberalized, he stressed that the laws on hard drugs should be tightened. “I am not for legalizing mari juana.” “It is politically impossible to legalize marijuana on a federal level in any state right now be cause no one is even close to find ing out what the real facts con cerning the drug’s effects on the body are,” Barnes said. When asked whether he be lieved if smoking marijuana was any worse than drinking alcohol, Barnes replied, “I don’t know if two martinis are any more dam aging than marijuana, but just because one harmful drug is legal is no reason for legalizing an other one.” By JOHN CURYLO A student credit union at A&M will be a reality in a short while, John Sharp, Student Senate Pres ident, said after contacting the Federal Credit Union. The student organization would be the second in Texas and only the third in the entire country. Other credit unions are in opera tion at St. Mary’s University in San Antonio and Michigan State University in Lansing. Sharp explained that there were two purposes for establish ing a credit union. The first is to provide low-interest loans to students. The other motive is to create jobs for students, since the staff of the credit union would be composed of students, once it is set up. Sam Shippen, a graduate stu dent here, was recommended to Sharp early in the summer as a possible source of help in getting the student credit union started. Shippen was responsible for set ting up the credit union at St. Mary’s. “We worked on the idea of our credit union,” Sharp explained. “With his help we made arrange ments and contacted Buff Parrot, who is affiliated with the Federal Credit Union in Dallas. Parrot recommended that we join a tri county credit union, but we told him that our goal was to have a student credit union. Once it is established, we will expand to faculty and staff.” Group of three cadets chosen to lead A&M Fish Drill Team Mark Roberts of Fort Hood, Robert Ripley of San Antonio and David Skinner of Houston have been chosen to guide A&M’s 1971-72 Fish Drill Team toward a fifth straight national cham pionship. Roberts was selected comman der from 64 cadets comprising this year’s team. Ripley is exec utive officer and guidon bearer. Skinner is right guide. scholarship fund for A&M students The university’s board of direc tors acknowledged the gift with a resolution. Fellowship awards to graduate students working toward the mas ter's in business administration will be derived through income from capital investment of the memorial fund, explained Dor sey E. McCrory, development di rector. Awards will be designated Nelle White and Charles Hender son Seawell Memorial Fellow ships in Business. Recipients will be selected by the Faculty Schol arship Committee upon recom mendation by Business Admin istration Dean John E. Pearson. McCrory noted that Mrs. Elam’s and Mrs. Roth’s gift comes at a fortuitious time, when the Col lege of Business Administration is strengthening its graduate program. “It will be highly beneficial to the students and equally encour aging to the business faculty, having this magnitude of inter est taken in the college,” Mc Crory added. Correction The Battalion erroneously re ported the names of the Welfare Committee chairman of the Stu dent Senate and the president of Alpha Phi Omega. Chairman of the welfare committee is Randy Ross. President of Alpha Phi Omega is Dale Foster. University National Bank “On the side of Texas A&M.” —Adv. “You have a big job to do,” commented Col. Thomas R. Par sons, commandant. “We expect you to give it your best and bring back national championship No. 5.” The Fish Drill Team, reformed each school year with all-new marching members, will make its first public appearance Nov. 6 at the Cadet Corps march-in to the Texas A&M-SMU football game, announced J. Malon Southerland, chief sponsor. First competition will be the Dec. 4 University of Houston meet. Senior advisor Louis Ullrich of San Antonio said the 64-cadet team has been divided into three units for practice. “These are smaller than what the upperclass advisors usually work with, but easier to handle,” he said. Roberts, an electrical engineer ing major and Company C-2 ca det, marched with the Killeen High School drill team in junior invitational drill meets hosted in 1970 and 1971 by A&M. He was executive officer of the Killeen team. Roberts is attending A&M on Army ROTC scholarship. Ripley, also an Army ROTC cadet, majors in building construc tion and is in Company G-l in the corps. He was a four-year member of the Central Catholic High School drill team, of which he was squad leader. Skinner attended Clear Creek High School. A business admini stration major, he is an Air Force ROTC cadet and Squadron 8 mem ber. Present plans are for Parrot to come to A&M to explain the en tire concept of credit unions to the Student Senate and to finalize plans for the A&M credit union. After that, the Senate will apply to Washington, D.C., for a char ter. This whole process should take about two weeks. “President (Jack) Williams has been receptive to the idea,” Sharp said. “I’ve talked with him about it, and he’s definitely in favor of it.” There is a legal question in volved, in that it may be against state law to run the credit union on campus. This is not a problem at St. Mary’s, because the school is not on state property. “We’re not at all worried about this,” Sharp explained. “If we can’t have it on campus, we’ve arranged to operate it from one of the local banks.” To join the credit union, a stu dent would have to pay an initial fee of about $5 for membership. With this, the student would be eligible to borrow money. “To regulate the size of loans, we intend to have a committee of members to decide on each loan,” Sharp said. “Then when we ex pand to include faculty and staff membership, they will have mem bers on this committee.” Sharp pointed out that the Mi chigan State credit union, now in its second year, had $100,000 more than it was entitled to loan out only six months after it was set up. The credit union at St. Mary’s took two months to es tablish. It has been in operation for 15 months. He added that the credit union went hand-in-hand with the pol icy of looking out for the students’ financial welfare. This included having the rent on married stu dents’ housing lowered after the wage-price freeze. “Repealing the increase was done on the state level through the Office of Economic Opportu nity,” Sharp explained, “but I firmly believe that is was the re sult of pressure exerted by stu dent governments in actions sim ilar to our Senate resolution rec ommending the lower rent on the university-owned apartments.” Psychologist starts lecture series tonight Clark Moustakas, noted author- psychologist of the Merrill-Palm- er Institute in Detroit, will speak at the Contemporary Arts Com mittee’s first fall lecture tonight at 8 in the Memorial Student Center ballroom. Moustakas is author of “Crea tivity and Conformity”, “Loneli ness,” and “Individuality and En counter”. His books are con cerned with principles involved in humanizing learning, encourag ing individuality and self aware ness, and the prospect of enrich ing curriculums with art and the creative process. “I am happy being alone; be ing with others — person to per son or in real groups; I enjoy walking, playing, singing, danc ing, meditating, running in for ests and along sea shores; rock setting, gazing at the moon; and reading what I want to read in my own time and place,” Mous takas said. The format of Moustakas’ pro gram, “Loneliness versus Being Alone,” is to be informal. Crosby group here in Basement show Chris Crosby and his five-man band will perform tonight and Friday night in the Memorial Student Center Basement. Crosby and his band have their own style country folk-blues mu sic and perform a lot of their own material. Crosby and the group have per formed on the Merv Griffin and Johnny Carson shows. Currently they are on a concert and coffee house tour of the country. Prices for the 8 p.m. to mid night perforamnces will be 50 cents tonight and 75 cents on Friday. Appearing Saturday night after the football game will be Mike and Barbara, a folk music duo. The price for this performance will be 50 cents.