Battalion Classifieds
Page 4 The Battaikxi/Thufsday, June 19,1986
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Embezzlement
Odessa bank officer testifies
discovering unreported loons
MIDLAND (AP) — An Odessa
hank president submitted his resig
nation just davs after a hank officer
found stacks of unreported loans in
side the president's desk, the bank's
current president testified Wednes
day.
Included among the loans never
approved bv the bank’s loan commit
tee were three loans for a business in
which former Hank of the West
President Bill Tapp allegedlv had an
undisclosed interest, testified Dale
Hollowav, the hank's current presi
dent.
Holloway also said that after Tapp
quit the hank in March 1984, hank
ing examiners required stockholders
10 pour more than $1 million capital
into the hank
In testimony Tuesday in Midland
federal court, Holloway told jurors
that I app personalis made three
1983 loans from his hank to Donco
Inspections Inc., a company in
which Tapp allegedlv own«i a one-
Petition
Typing anp copying at one stop
On The Double
331 Univeraity Or.
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Continued from page I
dom. w-hethei it’s academw. political
or intellectual."
I homas said the signee's worries
ultimately center around a fear that
the research cannot he judged or
evaluated bv other scientists. He
tailed those fears "hogwash” and
noted that other types of private re
search has restrictions also.
Dr. John kogut, professor of
physics at Illinois University, co
drafted the original petition that has
been circulating at other universities
around the country.
So far. he says 3,7(H) full-time fac
ulty and about 2.800 graduate stu
dents have signed the petition. Fif
teen Nobel laureates have also
added their names.
A status report on the national pe
tition states tnat in each of the 109
physical science and engineering re
search departments in the country.
50 percent or more of the faculty
have pledged not to participate.
Fifty-seven percent of the com
bined faculties of the top 20 physics
'departments in the United States
hav«. signed, as ranked by the
'Chronicle of Higher Education.
Dr. Sanford Gottlieb, executive
director of United Campuses to Pre
vent Nuclear War, said this is the
first time the scientific community
has refused on a nation-wide scale to
do research on a major weapons sys
tem.
“This is unprecedented," Gottlieb
said. “It's a successful effort to say to
Congress that there is an important,
informed constituenev out there that
is not going to go play along with
Star Wars."
But SDI officials seem undaunted
bv the petition. They repon that
they have received more requests for
funds than they can approve.
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third interest. Those loans were not
presented to a bank board for ap
proval, said Holloway, who in 1983
was the bank's vice president.
Another witness in the federal
embezzlement trial of the 42-year-
old Tapp told jurors Tuesday that
Tapp's name intentionally was kept
off stock certificates for the borrow
ing company.
I app v trial on 13 counts of em
bezzlement. misapplication of bank
funds and falsifying bank records
began Tuesday in U.S. District
(aiurt in Midland
Assistant U.S. attorneys Jim
Blankmship and Tom McHugh,
who are prosecuting the case,
planned to complete their evidence
this week, possiblv by Thursday.
Dallas attorney Frank Weight,
who is representing Tapp, told ju
rors that he planned to call Tapp to
the stand when the defense takes its
turn.
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