state
Battalion/Pagel
July 27,1982
Second try set for Sept. 8
Private rocket to launch
United Press International
HOUSTON — Investors have
ignored the slim chances of
making a profit, and put up $2.5
million for the Sept. 8 suborbital
launch of a commercial satellite
from the same south Texas bar
rier island where the first rocket
blew up a year ago.
Space Services Inc. expects
J Manor East III £
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2:20 4:457:15 9:50
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The Secret of
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SIX
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A MIDSUMMER
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NIGHTS SEX
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the solid fuel used in the new test
rocket, which will carry a dum
my payload 250 miles over the
Gulf of Mexico, will make it
more reliable than the liquid
fuel rocket that blew up on a
launch pad Aug. 4 during a sta
tic test.
SSI Chairman David Hannah
Jr. said the initial failure not
only did not scare away any in
vestors, but it also attracted 20
more for a total of 40. He said 30
of them put up $2.5 million for
the Sept. 8 lauch.
Hannah — a developer, Rice
University graduate, elder
emeritus in the First Presbyte
rian Church, bank board mem
ber and hospital trustee — appa
rently had no trouble attracting
the money despite no promise of
a profit.
Recently acquired investors in
SSI are Houston developer Wal
ter Mischer, Houston builder
Lester Prokof, Midland oilmen
Paul Davis and Bob Wood, and
Tyler investor Mrs. Willman
Richardson.
Richardson, like many of the
original investors, is a trustee of
Austin College in Sherman — a
school supported by the First
Presbyterian Church.
Hannah said the group has
begun meeting at the Dallas
offices of American Liberty In
surance Co., whose chairman,
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693-3777
2339 S. Texas, C.S.
“next to the Dairy Queen”
Allen Academy.
Because a good education
for your child begins with
a good school.
Allen Academy, Texas’ oldest private prepara
tory school, provides college preparatory aca
demic training in small classroom settings. Allen
offers a challenging traditional education with
emphasis on discipline, responsibility and self
esteem. Your child learns the value of a good
education. And a good moral character. The
program includes:
• faculty counseling • mini-sessions
• chapel services • daily homework
• independent study • field trips
• computer • competitive athletics
Beginning its 97th year, Allen Academy is seek
ing average to superior students with no dis
cipline problems. Allen is a co-ed day (grades
1-12) and boys’ boarding (grades 9-12) school.
Boarding space is limited.
For catalog, application
or appointment,
call or write
William J. Creeden,
Headmaster.
Lower School-Grades 1-6 • Middle School-Grades 7-8 • Upper School-Grades 9-12
Allen Academy.
Because a good education for your child begins with a good school.
Allen Academy
Box 953
Bryan, TX 77806
(713) 779-0066
INVENTORY REDUCTION
SALE
' Choose From Our Fine Selection
Which Includes
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SEIIO QUARTZ $3
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Gold Chains & Nugget Jewelry
ENTIRE STOCK REDUCED
Sale ends
July 31
Sale ends
July 31
415
University
cUne jewelry^
846-5816
Formerly Cowarts Jewelry
All Major Credit Cards Accepted
Toddie Lee Wynne, is a major
investor in SSL Wynne owns the
Matagorda Island land that
houses the launch pad.
“All we’re telling them as in
vestors is that were going to get
the chance to go back on the is
land and learn the technology
that will allow us to move on to
the next step and get out an
orbiting vehicle,” Hannah
Saturday. “We’re still shooting
to make an inexpensive launch
vehicle that can take advantage
of lower earth orbit.
“Despite the blowup last sum
mer, we figure that what we
have done in two years is re
markable. We’ve made an in
road into the industry. I think
we’ve viewed as being a factor in
the industry now.”
Hannah said he has not given
investors any promise of a pro
fitable return on their invest
ments.
“We can’t do that,” he said.
“We’ve given them some idea of
what we see as the market, but
when you go at it from this
standpoint, you are investing in
development. But that’s the
genius of America, that you can
have this type of investors who
will do this.”
He said it has turned out the
oil industry is a potential client
for his company because oil
companies have wells in areas
that would more easily be com
municated with by satellite.
The worldwide oil glut and
the downturn in oil and gas ex
ploration has not affected his
efforts, he said.
Space Vector Corp. in North-
ridge, Calif., is building SSI’s
Conestoga rocket, with the
second stage of an SSI-
purchased Minuteman missile
as its primary booster stage.
Ken’s Automotive
421 S. Main — Bryan
822-2823
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Front End Parts Replacement
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Toyota
(Master Card & VISA Accepted)
Physician indicted
for insurance fraud
United Press International
DALLAS — A former patient
of a physician indicted on
charges of defrauding insur
ance companies said he visited
the doctor only once, but was
shocked to learn the physician
billed an insurance company for
more than 135 sessions.
Dr. Loren A. Gifford was
arraigned last week on 15 counts
of mail fraud and submitting
false claims to insurance com-
f anies. He was freed on
100,000 bond. The federal in
vestigation took 18 months.
The charges say Gifford, 42,
operated a network of more
than 50 psychiatric treatment
clinics out of one office, Assis
tant U.S. Attorney Michael
Heiskell said Friday. The doctor
allegedly submitted fraudulent
bills to insurance companies,
among them Blue Cross-Blue
Shield of Texas.
Steve Manion, a former pa
tient of Gifford, said he saw Gif
ford once before attending five
or six sessions of a stop-smoking
program that, he said, was use
less. Manion said, however, he
was shocked to learn Gifford
supposedly billed Blue Cross-
Blue shield in excess of $8.GOO
for 135 sessions of “medical
biofeedback,” “transcutaneous
electroneural stimulation” and
“functional activities.”
PROFE
SER
j SEPTEMBER
MCAT
The indictment accuses Gif
ford of diagnosing Manion as
suffering from Raynaud’s syn
drome, a rare blood vessel dis
ease that Heiskell said normally
occurs only in women who have
had children.
Fullbi
grasp
Aggie
Wort]
the f
The Dallas Medical SoceU Sherr
already had begun itsownii
tigation of Gifford but «
thwarted when Gifford
suaded patients who
plained of overbilling to wii
draw complaints by lowering
canceling their bills, Heisli
said.
Postal Inspector EdwardW
Hams said the medical sodi
and the Texas Board of Medic
Examiners tapered off theirii
vestigations of Gifford ini
effort not to hamper the fedec
probe. >
A spokesman for the Dalll
.Medical Society said action b
been taken against Gifford,#
remains a member, but it |
actual sanctions were notfi
vealed.
A Texas Board of MedicalEi
aminers spokesman state Cl
ford has never been discipline
by that group.
Call Days Evenings & Weekends
Educational Center
TEST PREPARATION
SPECIALISTS SINCE 1938
For Information About Other Centers
In More Than 105 Major US Cities & Abroad
707 Texas Ave. 301-C
In Dallas: 11617 N. Central Expressway
IT’S NOT
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Class scheduled
to begin
Aug. 3
Call 696-3196
for details
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$ | 25
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846-6635
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Expires July 31, 1982
Culpepper Plaza
693-7711
Northgate
315 University
846-3059
NOdflOO,
AGGIES!
Douglas
Jewelry
10% AGGIE DISCOUM
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WITH STUDENT ID
(Cash Only Please)
We reserve the right to limit
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Downtown Biyan (212 N. Main)
and
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