Friday, May 3, 1985/The Battalion/Page 5
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Non-profit group
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By JENS B. KOEPKE
Staff Writer
An old man is nearly blind and
cannot afford -to buy a pair of
glasses.
Who can he turn to for help in
this community? The answer is
HOULD-ON, a non-profit organiza
tion.
I This group is the local chapter of
the Texas State Association of
Handicapped, Old, Unfortunate,
Lonely, Disadvantaged and Older-
Needy people. The focal chapter be
gan operation in January 1985.
,■ Suzanne Bradfen, HOULD-ON’s
^treasurer, says, “The group is here
to help people who are down on
their luck and who need a little help
getting back on their feet.”
HOULD-ON provides a variety of
services for the community’s needy,
destitute or disabled residents, Bra
den says.
I The group entertains at nursing
homes, supplies clothing and food
■or families in distress, helps poor
families pay for medical care and
provides transportation for the el
derly.
In April, the group organized an
|Easter-egg hunt for the children at
the Sheltering Arms in Bryan, she
says. Sheltering Arms is a home for
battered wives.
Other services have included get
ting medicine for a girl with a kidney
fdisease and helping a poor mother
buy medicine for one of her chil
dren, she says.
The group is the brain childl of
founder and executive director,
Wink Lewis.
“We strive to make a positive ef
fort to help needy people in the
^community,” Lewis says, “And if we
can’t get them help, we direct them
to an organization that can.
“A lot of people need help, but
nine out of 10 won’t ask for help be
cause they have so much pride,” he
says.
The organization finds needy
people in the community through
the help of local churches and hospi
tals, Braden says. For example, if a
person comes into the hospital suf
fering from dehydration and tells
the hospital staff that he was just too
poor to buy groceries, Braden says,
the hospital will contact HOULD-
ON and the organization will try to
help the person.
“Every time we help someone,
they tell us about someone else who
needs help,” Lewis says.
“Since we organized in January it
seems like it’s been a never-ending
circle,” he added.
Funds come from membership
dues, fund-raisers and donations,
Braden says. To alleviate the finan
cial burden, the group often works
together with local churches.
“We would like to provide more
services to the community, but we
need more financial support,” she
says.
The organization is planning a
benefit concert by country-and-west-
ern star Freddy Fender on Sunday
to raise money, she says. A key to the
city of Bryan will be presented to
Fender by a representative of the
mayor’s office and a beauty contest
will also be held.
“We would like to see the organi
zation continue to grow and become
more accepted by the community,”
Braden says.
The group has already provided
more than 1,500 hours of volunteer
work and hopes to expand into the
Brenham area soon, Lewis says.
ck
ients
FALL!
wn
Gas companies
announce merger
ation
lals
49
39
r>49
Associated Press
HOUSTON — InterNorth Inc.
and Houston Natural Gas Corp. an
nounced Thursday the formation of
what could be the first border-to-
border, coast-to-coast pipeline sys
tem in the United States.
The new system would be the na
tion’s second-largest gas pipeline op
eration, next to Houston-based Ten-
neco Inc.
The two companies said a subsid
iary of Omaha, Neb.-based Inter-
North would begin a cash tender of
fer of $70 per share for all
outstanding common shares of
Houston Natural Gas, to be followed
by a merger at the same price.
The total price for the merger was
estimated at about $2.3 billion.
The merger also gives InterNorth
an option to buy 5.9 million shares
of Houston Natural Gas at $70 a
share and an option to buy two-
thirds of the stock of certain Hous
ton Natural Gas’ Texas intrastate
pipeline subsidiares, including
Houston Pipe Line Co., for $867
million.
The merger, approved by direc
tors of both companies, was an
nounced by Sam F. Segnar, 57,
chairman and chief executive officer
of InterNorth, and Kenneth L. Lay,
42, chairman and chief executive of
ficer of Houston Natural Gas Co.
The combined company will oper
ate under the name HNG Inter
North upon completion of the
merger.
“We believe that in the economic
environment we envision for our in
dustry’s future, the strengths to be
derived by combining these two
companies will produce a company
uniquely positioned to serve the
shareholders, employees, customers
and communities of which we are a
part,” Segnar said.
Jay Olson, an analyst with Drexel
Burnham Lambert in Houston, said
InterNorth’s primary motive in ac
quiring HNG was a defensive move
to prevent a hostile takeover at
tempt.
Lay doubled the size of the com
pany’s pipeline system six months af
ter joining Houston gas company.
InterNorth has 11,000 employees,
with 3,100 in Texas. The company
has a pipeline system extending
from the Texas Panhandle to the
Canadian border.
The two companies have few du
plicating facilities, but there are
overlapping facilities in Texas. In
terNorth acquired a 50 percent in
terest in a Valero Energy Corp. of
San Antonio pipeline system in West
Texas. The two companies formed a
natural gas marketing company that
competes directly with HNG’s Texas
intrastate subsidiary, Houston Pipe
Line Co.
Curt Launer of L.F. Rothschild,
Unterber, Towbin in New York, said
he estimates the combined compa
ny’s operations would generate
earnings of $9 a share and cash flow
of $25 a share in 1985.
First-quarter earnings for 1985 re
ported by HNG showed the com
pany had net income of $39.4 mil
lion and total revenue of $938.7
million. During the first quarter of
1984, the company earned $579.3
million and had net income of $29.6
million.
DW
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