Tuesday, July 1, 1986/The Battalion/Page 3
State and Local
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Aggie survivor of cor crash
dies of pneumonia Monday
By Sondra Pickard
Senior Staff' Writer
A Texas A&M student who was
seriously injured in a car accident
in Bryan three months ago died
ol pneumonia around noon Mon
day at St. Joseph Hospital.
Richard N. Walker, 22, of 3817
Holly in Bryan, was one of two
survivors when a car carrying six
A&M students collided with an
eighteen-wheeler near the inter
section of Highway 21 and FM
2H18 on March 9.
Walker, an A&M senior, was
listed in critical condition after
the accident, but was released
from the hospital several months
ago. He was readmitted to the
hospital last week and died of
pneumonia resulting from his in
juries.
Glenn M. Butterly, a freshman
from Fort Worth, was the other
survivor He was discharged f rom
St. Joseph shortly thereafter.
Killed in the accident were Ar
thur J. Strom, a freshman from
Dallas; John L. Thornton, a soph
omore from College Station; Da
vid R. Hedegard, a sophomore
from Tomball; and Mitchell
Smithwick, a sophomore from
Richard N.Walker
College Station.
Walker is survived by his par
ents, Dr. and Mrs. Robert L.
Walker of Brvan; two brothers,
Sidney Allen Walker and William
Lawrence Walker, and a sister,
Rebecca Lynn Walker of Dallas.
Dr. Robert Walker is vice presi
dent for development at A&M.
A memorial service for Walker
will be held Wednesday at 2 p.m.
at the A&M Church of Christ in
College Station.
Contributions in Walker’s
memory can be made to the
School of World Evangelism
Fund, care of the A&M Church
of Christ, or the Texas A&M De
velopment Foundation.
Continental’s plan
to pay off debts
passed by judge
HOUSTON (AP) — A federal
bankruptcy judge approved a $925
million plan Monday that will allow
Continental Airlines to emerge from
bankruptcy protection in 60 days.
“It feels terrific,” Continental
President Phil Bakes said after
Judge T. Clover Roberts approved
the plan to pay back almost 30,000
creditors. “It feels great.”
The plan calls for Houston-based
Continental to pay about 30 banks
paying $115.4 million in unsecured
claims and $50.6 million in em
ployee claims.
Continental also will pay Ameri
can Airlines $50,000 in cash within
five business days.
American originally filed an in
debtedness claim of $470,383.
Other payments include $23.7
million to Swissair and $1.3 million
to the Bank of Hawaii.
Continental will make an initial
cash payment of $142 million in 60
days.
It will then follow with installment
payments to some over the next 10
years with interest. Continental
spokesman Bruce Hicks said.
Continental filed for reorganiza
tion under Chapter 11 of the U.S.
Bankruptcy Code on Sept. 24, 1983,
saving it was losing $1 million a day
and was approximately $1 billion in
debt.
At the time of its Chapter 11 fil
ing, Continental owed $657.8 mil
lion in secured debts, $352.7 million
in unsecured debts and $18.4 mil
lion of accrued interest.
The carrier has been paying prin
cipal and interest on about 45 per
cent of its long-term debt, officials
said.
Under the reorganization plan
submitted last September, the airline
would pay up to $200 million of its
debt within 30 days of confirmation.
But the plan approved by Roberts
allows the airline to make its initial
cash payment in 60 days.
Attorneys will meet again Tues
day to discuss the distribution of $ 15
million in outstanding issues, includ
ing attorney’s fees.
Sister city could boost Midland’s economy
Photo by Larry Crumbley
Good Bull
Dr. Larry Crumbly, an A&M accounting professor, took this pic
ture of Rev. Simon Stefanowicz giving the “gig ’em” sign in Jasna
Cora, Poland (near Krakow). Crumbly participated in an interna
tional study tour sponsored by the University of Texas at San An
toni. >.
MSC Council approves plan
for 1986-87 Broadway season
MIDLAND (AP) — Dongying,
Midland’s Chinese sister city, could
be the key to boosting this West
Texas city’s economy, once fueled by
a healthy petroleum industry and
now feeling the crunch of the oil
price slump.
Thirty Midland representatives,
including Mayor Carroll Thomas,
traveled to China June 13.
Although no specific business
deals were struck, Thomas and his
Dongying counterpart, Tang Sheng-
hai, signed a general agreement to
exchange oil and gas technology and
a list of products and services each
city can provide.
“We see tremendous potential
there,” said Thomas, who returned
45 deaths
predicted
for holiday
AUSTIN (AP) — Department
of Public Safety officials are
hopef ul that traffic accidents over
the Independence Day weekend
will not erase a slight im
provement in Texas’ highway
death rate.
DPS officials predict as many
as 45 people will die in traffic ac
cidents between 6 p.m. Thursday
and midnight Sunday.
Last year, only 25 people died
during a 30-hour holiday. Since
July 4 fell on Thursday, many
people had to be back at work on
Friday. This year, there will be a
78-hour holiday period.
“ T he mixture of lower gasoline
prices and increased travel this
summer could prove to be deadly
over the July 4 holiday,” said Ad
ams.
Adams noted this will be the
first July 4 holiday since the
Texas safety belt law became ef
fective. He said 82 percent of
those killed last year were not
wearing a safety belt.
with part of the traveling group Sun
day night.
Dongying, with a population of
1.6 million that makes it about 15
times larger than Midland, is on the
eastern part of the People’s Republic
of China, some 200 miles south of
Beijing and less than 50 miles from
the coast.
Thomas said, “It is flat and dusty,
like Midland, and both economies
are oil-based. I think we’re perfectly
matched.”
Dongying is on the Shengli oil
field, China’s second largest, which
accounts for nearly a fourth of that
country’s petroleum production,
said Richard Dunbar, who markets
oil and chairs the Midland Chamber
CLEVETAND (AP) — Andrew J.
Stofan, director of NASA’s Lewis
Research Center for the past four
years, was named Monday to oversee
the space agency’s space station pro
ject.
As associate administrator for the
space station, Stofan said he will
head a staff in Washington to coor
dinate the development of the space
station at five centers of the National
Aeronautics and Space Administra
tion, including Lewis.
Lew is is developing the power sys-
HOUSTON (AP) — Panhandle
Eastern Corp. said Monday it re
ceived a $2.25 billion takeover bid
from West Texas oilmen Cyril Wag
ner Jr. and Jack E. Brown.
Panhandle, a diversified energy
concern, said the $50-a-share unsoli
cited proposal would be weighed by
its directors “in due course.” A meet
ing of the board had not yet been
scheduled, Panhandle spokesman
Stanford Wallace said.
Wagner and Brown’s wholly-
cnvned partnership. Star Partners,
of Commerce’s International Affairs
Committee.
The Permian Basin currently pro
duces about 4-5 times as much oil as
the Shengli oilfield, said spokesman
Roger Dameron of Dameron Petro
leum Corporation.
Dameron said he does not believe
Midland and Dongying are compet
itors.
“They have a different approach
to production because it’s all under
one ownership,” said Dameron, who
also manufactures equipment used
in the oil industry. “Their technol
ogy needs improving. I’d say they xe
roughly 15 years behind.”
Joan Baskin, president of the
Midland Chamber of Commerce,
tem for the manned space station.
The Johnson Space Center in Hous
ton had been leading the project.
Stofan, 51, said the new manage
ment structure was a result of the in
vestigation into the explosion of the
space shuttle Challenger in January.
ETe said the Rogers commission crit
icized the decentralized manage
ment system used for the Challenger
project.
“On the shuttle, the criticism
there w as that people were off doing
their own thing, in a way keeping the
offered to acquire each of Panhan
dle’s 44.9 million common shares
outstanding for $30 cash and pre
ferred stock designed to have a cur
rent market value of $20, Panhandle
said.
Grant Billingsley, a spokesman
for Wagner and Brown in Midland,
Texas, declined to elaborate on the
offer.
The acquisition bid confirmed
speculation on Wall Street last week
that Panhandle w'as a takeover target
and that Wagner and Brown were
said, “We have invited them to the
oil show in October and we hope
they come to see the cutting edge of
oil technology.”
Two large refineries are being
planned in the Shengli field, Dame
ron said.
“They work in five-year plans,”
said Thomas. “Their goal by the
1990s is to increase oil production by
50 percent. They have some areas
that need development, so they’ll be
a market for oil equipment.”
Donying, a growing city incorpo
rated tn 1983, also wants to sell its
wares to the West, including textiles
and agricultural products, Dameron
said.
problems they came up with inter
nally, to their own organizations,
rather than having it out,” he said.
One factor was the lack of a de
fined management framework, he
said.
“The management structure be
ing proposed for the space station
will make that very, very clear,” said
Stofan. “It will be a strong manage
ment function located in Washing
ton that will be totally responsible
for the space station, so there will be
no question about who has responsi-
among the likely suitors. The ru
mors had sent the price of Panhan
dle’s stock sharply higher in heavy
trading.
But Panhandle’s common stock
slipped 37'/s! cents a share to
$48.12!/2 in New York Stock Ex
change composite trading after the
offer was announced. Trading re
mained heavy with 2.65 million
shares changing hands.
Wallace said Panhandle’s manage
ment believed that Wagner and
Brown already had acquired some of
The Memorial Student Center
Council Saturday approved recom
mendations regarding the 1986-87
Town Hall Broadway season and the
Jordan Institute for International
Awareness endowment.
MSC President Robert Bisor said
Town Hah, which was forced to
cancel its theatrical productions be
cause of scheduling conflicts, pre
sented its plan to bring club-style
acts to Texas A&M as an alternative
to the traditional season. Council ap-
bility, or what is the line of author
ity.”
Stofan said he was offered the job
last ETiday by James C. Fletcher,
NASA administrator, and accepted
the position on Monday.
“It was a very difficult decision, in
fact the most difficult decision I’ve
had to make in my life,” said Stofan.
Stofan began his NASA career as
a research engineer at Lewis in 1958.
In 1978, he was appointed deputy
associate administrator for NASA
headquarters in Washington. He
the company’s shares, but that the
size of the stake was not known.
If Wagner and Brown bought 5
percent or more of Panhandle’s
stock, they would he required to dis
close their interest to the Securities
and Exchange Commission within
10 days of reaching that threshold.
Wall Street speculation that oil
man T. Boone Pickens Jr. might join
with Wagner and Brown to acquire
Panhandle turned out to be wrong.
Pickens, the well-known corporate
suitor who heads Mesa Limited Part
nership, an Amarillo, Texas-based
proved the committee’s plan to send
a list of nine potential acts to season-
ticket holders for feedback. Four of
the acts will come to A&M.
Council gave the International
Programs Committee responsibility
for the administration of the Jordan
endowment, established to increase
student awareness of international
cultures. Several specific criteria for
the institution’s implementation
were approved, Bisor said.
New space station project head named
Panhandle receives takeover bid from oilmen
was named acting associate adminis
trator for space science two years
later. He returned to Lewis as clirec-
tor in 1982.
“I’m from northern Ohio, born
and raised in this part of the country
and so is my wife,” said Stofan. “We
came back home when we came back
here to Lewis.”
He said he liked his job at Lewis.
“The job here is exciting, chal
lenging and a very, very good job,”
he said. “To leave it is very difficult.”
energy partnership, had teamed up
with Wagner and Brown on some
previous takeover attempts.
But neither Pickens, Mesa Lim
ited nor Mesa Petroleum Co., an en
ergy company also headed by Pick
ens, are involved in the bid by
Wagner and Brown for Panhandle,
said David H. Batchelder, president
of Mesa Petroleum.
The proposal by Wagner and
Brown is the oilmen’s latest attempt
to purchase a major natural gas-
transmission company.
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