—National
THE BATTALION Page 11
WEDNESDAY, MARCH 25, 1981
erosion caused
>y rain and winds
United Press International
[WASHINGTON — Lack of rain and strong winds combined
(is indicted during 1980 to cause major soil erosion in the 10 Great Plains states
— cutting a path of destruction through croplands.
||The Agriculture Department reported Monday that 4.18 million
acres of land in the Great Plains sustained erosion damage in 1980,
■ percent more than in the previous year.
P Norman Berg, chief of the department’s Soil Conservation Ser
vice, said the major factor contributing to the sharp increase was lack
UlLUiUi m0 j S t Ure
■ Of the damaged areas, 94 percent was cropland, 4 percent was
tigationtfemgeland and 2 percent was other land. Experts have warned that
on cant; excessive wind and water erosion reduces cropland productivity.
feretheiL
b and tapf j
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outh Dakota reported the largest amount of damage, 901,500
d-damaged acres, or 22 percent of the total, compared to
120,948 a year earlier.
I'Montana was second with damage to 889,000 acres, compared to
|6,125 in 1979-80.
[Kansas reported damage to 872,250 acres, up from 442,140, and
scurrentlyNorth Dakota reported damage to 817,705 acres, up from 227,750.
eral prisonU^ ama S e was worst > n the northern plains states, while wind
riminal act erHS ' on declined in three states: New Mexico, Oklahoma and Texas,
o appear btlfflamage in other states, with last year’s acreage in parentheses:
ndgewaslo Nebraska 155,695 acres (34,135), Wyoming28,475 (13,830), Colora-
' do 102,520 (10,185), New Mexico 64,170 (148,900), Oklahoma
83,545 (180,450) and Texas 269,006 (989,247).
■Wind also destroyed crops or ground cover on another 286,257
acres without blowing away topsoil.
|A final report on wind erosion in 1980-81 will be issued in June,
icials monitor wind erosion from November through May.
Hunts must liquidate silver holdings
United Press International
WASHINGTON — The Hunt
brothers of Dallas are holding on
to their massive silver purchases,
and the government is going to ask
certain banks to do something ab
out it.
Federal Reserve Board Chair
man Paul Volcker said Monday he
will remind the appropriate banks
that the Hunt brothers must dis
pose of their silver holdings under
terms of a loan agreement
arranged last year.
The purpose of the loan made
by a consortium of 13 banks was to
meet the millions of dollars in
debts the brothers incurred when
silver prices plummeted to about
$10 an ounce last March after hav
ing been above $50 an ounce.
The loan to the Hunt-owned
Placid Oil Co., which the Federal
Reserve Board did not oppose, re
quired the brothers to liquidate
their silver holdings in an orderly
fashion.
Volcker’s statement was con
tained in a letter to Reps. Henry
Reuss, D-Wis., and Benjamin
Rosenthal, D-N.J., who express
ed concern last week that the
Hunts had not disposed of their
131 “Execution
stay denied
by judge
nflict, (e@s£(
prevented 4
ild be e>
:sen said,
iassed tohetf
i during the*
■ United Press International
any of the'J ^TON ROUGE — Robert
,b\ tec%u S V >c Williams, Facing death in
3 been set j0l ii s * ana s electric chair next
rveallregi vee ^’ to w > n a stay of execu-
6 ion in district court Tuesday and
. oppose “ s P aw y ers are headed for the
wroKM Sll Preme Court to try again,
i. Unless he can win a stay from
uws ‘ tale or federal courts, Williams
Ohio sa ” r Je between midnight and 3
laid25pert: i Tuesday, one of two convicts
. ,<entenced to death in Louisiana
5 prices. M l j
r m Die same day.
pjf he dies, Williams will be-
He the first black man to be ex-
Ked since the U.S. Supreme
kmrt revived the death penalty in
!|976. The last black executed was
Km Mitchell, who died in San
Juentin, April 12, 1967, the
11 d eyentolQp said
^ U j ii Sl^ge Frank Foil, who pres-
md lookntjgj over Williams’ 1979 trial for
he.murder of a Baton Rouge su-
itly projj jermarket security guard, refused
^ity-ownedfuesday to grant a stay of execu
te patrol''-j on an d consider a new trial,
in one end' “The court was convinced after
the other, he [trial and is still convinced that
save the he | petitioner did receive effec-
ngtheneedlye assistance by counsel,” Foil
Towers, aid.
am aprofi" Richard Shapiro of the Prison-
ilk to ackers' Defense League and Wil-
mayoradu jams lawyer, left Foil’s cour-
t the ideal xooin shortly after the ruling and
ruffi duriniieaded back to New Orleans to
ited neighhisk the state Supreme Court for a
aidweedsn'jtay of execution and a new trial,
nlem'tefl The lawyer said Williams was
=saroundldenied adequate legal defense
its ate enduring the sentencing phase of his
1979 murder trial.
Fiorilli te "Another condemned man,
Timothy Baldwin, 43, of Monroe,
Its been scheduled to die next
Tuesday for the beating death of
H84-year-old woman.
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silver holdings as stipulated in the
$1.1 billion loan agreement the
brothers signed last year.
Reuss is chairman of the Joint
Economic Committee and Rosen
thal is chairman of the House sub
committee on commerce, con
sumer and monetary affairs.
In his letter to the two congress
men Monday, Volcker wrote: “I
do intend to again remind the
banks of the purpose of the loan
agreement and to bring to their
attention my appreciation of the
various stipulations that were part
of the understanding between the
Federal Reserve and the lending
banks.”
He pointed out that “while
there was no specific timetable
and considerable time might be
required depending on market
conditions, liquidation of the
Hunt silver holdings was clearly
contemplated. ”
The chairman reminded Reuss
and Rosenthal the loan agreement
also precluded the Hunts from
speculating in commodity futures
markets for the duration of the
loan.
“I am aware of no such activity
in the commodity markets,” the
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letter said.
Volcker discounted rumors the
Hunts might try to renegotiate the
terms of the loan agreement.
“I would consider any steps
which had the effect of significant
ly altering the purposes and pro
tections of the loan agreement to
be clearly inconsistent with the
understanding that was the basis
for my decision to not to object to
the original restructuring of the
Hunt indebtedness,” he wrote.
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