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National
THE BATTALION Page 11 <
WEDNESDAY, FEBRUARY 11, 1981
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President’s
oldest son
investigated
United Press International
LOS ANGELES — President
Reagan’s oldest son is under inves
tigation by county and state offices
for allegedly diverting to his own
use funds invested in a gasohol de-
velopment project, the Los
Angeles Times reported Tuesday.
The newspaper also said
Michael E. Reagan has been ac
cused of offering and selling stock
in a corporation which, according
to court documents, was planned
but never incorporated.
The investigations are being
conducted by the Los Angeles
County district attorney’s office
and the state Department of Cor
porations.
According to the Times, inves
tigators are trying to learn how
Reagan, 35, of Sherman Oaks,
Calif, used $17,500 given to him
by investors who purchased
shares in his Agricultural Energy
Resources venture.
Reagan told investigators the
firm, which he operates from his
home, is involved in the distribu
tion of gasohol and serves as a
broker in procuring alcohol for use
as a fuel additive.
In addition to looking into the
alleged diversion of funds, investi
gators also are looking into possi
ble state corporate securities law
violations by Reagan and lawyer
Sheldon H. Lytton involving the
offer and sale of stock in the ven
ture, the Times said. Neither has
been charged with any crime.
Reagan was unavailable for
comment but his lawyer, Donald
Wager, said he was sure Reagan
would be exonerated by the inves
tigation.
“It is a complex situation, and
when all of it is sorted out, they
will find that he has done nothing
wrong. That’s true for Mr. Lytton
too,” Wager said.
A Jan. 12 memo written by Alan
S. Weinger, counsel for the De
partment of Corporations, indi
cated Reagan had not registered
his firm with the department.
“It is this writer’s opinion that
Reagan violated Section 25110 of
the corporate securities law when
he offered and sold stock in AER to
investors. The offer and sale of
stock in AER has not been qual
ified with this office and there do
not appear to be any exemptions
available for these transactions,”
Weinger wrote.
save
energy
a very bright
idea
Under pressure?
Photo by Alison Awbrey
Paula Cook and Mark Allen, both Texas A&M
University students and volunteer members of
the Texas A&M Emergency Care Team
(TAMECT), practice for the free public blood
pressure screening TAMECT is conducting in
conjunction with February’s American Heart
Month. The tests are scheduled for Feb. 11-12
from 8 a.m. to 5 p.m. in the MSC and on Feb.
14 from 10 a.m. to 4 p.m. in Manor East Mall.
’Bama storm injures 40
United Press International
BAY MINETTE, Ala. — A tor
nado slammed into a south Alaba
ma school today shortly after clas
ses began, crumbling walls, rip
ping the roof off a gymnasium and
injuring 40 people.
Officials said there were 300
students in the school when the
tornado dipped out a line of thun
derstorms that rolled across south
Alabama shortly after dawn. A
flash flood and tornado warning
was in effect for the area at the
time.
The students “just went wild,”
one teacher reported.
Two of the students and a bus
driver reportedly were seriously
hurt when they were hit by debris
from the crumbling walls.
The twister hit the Bay Minette
Middle School about 8:50 a.m.,
shortly after classes had been cal
led to order. Bay Minette is about
35 miles northeast of Mobile.
“I can look from here and see
the gym is completely gone,” said
Ruth Cormiere, an office worker
at a vocational school across the
street. “There is nothing standing
but a few walls. There’s really
chaos over there.”
Police described the scene as
“an awful mess.”
Most of the injuries apparently
were minor — cuts, bruises and
broken bones — and were a result
of flying glass and bricks.
Margaret Dyess, a secretary
whose 13-year-old soil escaped in
jury, said a teacher told her the
students “just went wild” when
the twister hit.
“The southern part of the
school took the brunt of it,” said
R.jL,. Sipith,^8*i(0oiate sup^rwfegn^
dent for Baldwin County schools.
“It hit from the south. The north
ern wing was virtually undam
aged.
“There were three injuries
deemed to be serious. Two of
them were boys that were hit with
concrete blocks inside the gym
and a school bus driver inside the
canteen.”
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Harris who?
Harris who has a broad-based product line concentrated at the edge
of technology.
In semiconductors, terminals and computers, communications
equipment, government electronic systems, and printing equipment.
Harris who was called "A Remarkable Success Story" by Forbes
Magazine, May 26,1980.
A success attributed to "technology transfer" — a shared
knowledge between all Harris divisions.
Harris who recorded sales of $1.3 billion in fiscal 1980, more than
double five years ago.
And who employs more than 23,000 people in three dozen
plants around the world. And has an internal R & D budget boosted
35 % over last year.
Harris who can take an area like word processing —where Harris
Composition Systems Division is already well-known for its elec
tronic newsroom — and forge ahead with an advanced new family of
word processing systems for application in the "office of the future."
If you want your future to include security, technological achieve
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see where you fit in at Harris Composition Systems.
□ Software Development
□ Digital Design
□ Applications Programming
□ MBA Financial Analyst A -
Send resume to: College Relations, Harris Composition Systems,
P.O. Box 2080, Dept. CNA, Melbourne, Florida 32901.
INTERVIEW DATE: WEDNESDAY, FEBRUARY 25,1981
• -< a
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