Page 4/Tuesday, June 10, 1986/The Battalion
1YESTERDAV8
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846-0636
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Bryan-College Station
Eagle
Welcome to Texas A&M
We know you are busy getting ready for the new semester and the
Bryan/College Station Eagle can help you find out what’s happening in
Bryan/College Station by reading The Eagle.
The Eagle gives you:
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• emphasis on student life at Texas A&M
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• the most complete TV listing including all the cable channels for
this area
And because you are an Aggie Student, we have a special offer just
for you! You can Receive the Eagle from June 9-Aug. 27 at a special
rate of $12.00.
To take advantage of of our offer:
• Complete the information and return with your payment
• or Call us at 776-4444 and charge your subscription to your Mas
terCard or Visa
• or Bring your payment by The Eagle’s table at the MSC or the
Fountain area during June 9, 10, 11. Receive a free gift when you
drop off your application
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Texas town Warped
seeks new
leadership
NEVADA (AP) — It’s been almost
60 years since a tornado and the De
pression pulled this once-thriving
cotton community to the brink of
death.
Now, 26 registered voters in this
town of 250 people have petitioned
for a new government, and the town
is hopef ul of an Aug. 9 election to set
up the first government in about 50
years.
The town is located 30 miles
northeast of Dallas.
The town of Wylie, about five
miles to the southwest, has pushed
recently to annex land around Lake
Lavon, just outside Nevada.
With no town council, Nevada
can’t do anything about the growth,
but with a city government it could
create a buffer and plan its own de
velopment.
Collin County commissioners are
expected to set the Aug. 9 Nevada
city election when they hold their reg
ular meeting Tuesday.
The community does not have to
re-incorporate because the vote to
dis-incorporate in the 1930s didn’t
follow state voting regulations, offi
cials said. So the only task left for the
town is to elect government of f icials.
Don’1
know
into (
Grah;
Shoe
by Jeff Mot
George Webb, 66, a retired farmer
who saw the last town’s mayor step
down, is one of the 26 registered vo
ters who signed the petition.
“We decided we want to control
our destiny rather than have some
one else in control,” said Webb.
“We’d at least like to have something
to say about it, raise a fuss at least.”
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Nevada began slipping into
obscurity on May 9, 1927, when a
tornado killed 23 people and injured
60, destroyed development around
the town square and levelled half the
community’s houses.
EXACTLY ARE MV
cmmw&w
AWWEKTIM
wnmT [
S i CAN
Six years later, the economic woes
of the Depression forced the com
munity’s last bank to move to Far-
mersville. Businesses closed. Town
leaders resigned. People moved away
and the one-time boom town that ex
ploded to life at a railroad station in
1891 became just ajunction on a ru
ral road.
Funky Winkerbean
by TomBa
A TABLE FOR TU)0,
PLEASE /
DO QOO HAVE
RESERVATIONS
In the 1920s, Nevada had 750 resi
dents. But today, the population is
250, and the only structures are two
gas station-markets, a post office, two
churches and about 100 houses.
OES, BOT X THINKl^
Along enou&h
COVER EVERYTHING'
Mail to The Eagle, P.O. Box 3000, Bryan Tx. 77805
Peso makes shaky market comebcx
MEXICO CITY (AP) — Mexican
currency markets reopened nervous
ly Monday after the peso plunged
more than 20 percent last week in a
stunning dive that analysts blamed on
the economy’s uncertain outlook.
The peso’s value held steady dur
ing the morning, began slipping at
midday but then strengthened at
some commercial banks.
Private exchange houses in Mex^
ico City opened their windows to
offer 715 pesos to customers who
wanted to trade a U.S. dollar on the
free market. For those wanting to buy
a dollar, the cost was as much as 745
pesos.
By midday, the rates were 735 and
765. Commercial banks gave 730
pesos for a dollar and demanded 735
pesos for those wanting to buy one.
Later in the afternoon, it streng
thened to 712 and 718 at some com
mercial banks.
A week ago, the rate was 554 and
559.
In FI Paso, private banks on Mon
day quoted rates of 700 and 735, up
from 660 and 690 at the end of the
last week.
The decline in the free-market
rate, which is used in tourism and for
most border transactions, means
travelers visiting Mexico can get
more pesos for their dollars this week
than last. Mexicans, though, have to
come up with more pesos if they want
to buy dollars.
The value of a second rate, reg
ulated bv the government, slid gra
dually last week, standing at about
546 pesos to the dollar on Monday.
This rate, set daily by representatives
of the nation’s central bank and com
mercial banks, is used in about 80
percent of commercial transactions.
Currency traders and other
analysts said the peso plunge was
sparked by investors nervous about a
string of bad economic news. In
shaky economic times, investors
of ten trade their own weaker curren
cies for stronger ones like the dollar.
An official at the Bank of Mexico,
the central bank, said that “there’s
always concern” in the government
about such sharp declines.
But the official, who spoke on con
dition of anonymity, said the central
bank “is not going to intervene in the
free market. Let it get wherever it
wishes.” In the past, analysts sus
pected that the central bank was
directly or indirectly supplying dol
lars to the currency markets to sup
port the peso. The central bank de
nied it was taking such action.
Treasury Secretary Jesus Silva
Herzog said over the weekend that
the government would have some
thing to say shortly about the de
terioration of the peso.
Among the factors making inves
tors nervous about t lie economy is t he
government’s inability so far to work
out a new f inancial aid package with
the International Monetary Fund
and foreign bankers.
The government needstM
help it meet payments on4
billion foreign debt, thesecoR
est in the developing woili!
Brazil.
Silva Herzog raised thep#
late last week in an interne
The Associated Press that’
might suspend paymentson
il the negotiations were
cessf ul.
Moreover, there have been
in local newspapers—repeat
nied by government officials
i he administ ration of Pr*
Miguel de la Madrid issetto j
II—
s
d
r$i
series of measures that
strong medicine to the
nomy.
One currency trader, "I*
asked not to be identifiedfoiN
reasons, said these factors as*
reports of divisions withindel
rid’s Cabinet over econoni!
have contributed to a lack4
deuce in the government.
Po
Slim
Sassy ...Sensational
SGR
| TheR
| andE'
j QUi
I DOH
Summer “Workout
Call 846-1013
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