Page4/nThe Battalion/Tuesday, December 16, 1986
A
T
Tuesdsay
LUBBOCK HOMETOWN CLUB: will have a Christmas
>arty at 7 p.m. Sunday at the corner of 4311 44th St. in
E arty
ubn
ock.
opting s
Call 845-1515 for more information.
WEEKEND COMMITTEE: applications for
“Litmus.
PARENTS
nominating 1987-88 Parents of the Year are available in
the Commons, Sterling C. Evans Library, the Memorial
Student Center and the Pavilion
Items for What’s Up should be submitted to The Battalion,
216 Reed McDonald, no less than three working days
prior to desired publication date.
Houston officials send
postcard messages
to sway Democrats
HOUSTON (AP) — City officials
are turning up the heat on Demo
crats considering Houston as a site
for the party’s 1988 national conven
tion now that Republicans have elim
inated the city from contending for
the GOP convention.
Members of the Democratic Site
Selection Committee, who toured
Houston in October, will be getting
post cards this week reminding them
of their trip.
The message on the cards is short
and to the point.
“Dear Site Selection Committee:
I’m Houston Proud and you will be
too, if you come to Houston in ’88.”
The cards are being distributed to
chief executive officers and com
pany presidents in Houston, who
will sign them and pass them on to
their employees for signatures. The
cards then will be forwarded to
members of the site committee.
Houston leaders say the city has
much to gain — especially money —
if the Democrats choose Houston.
“Somewhere between $600,000
and $700,000 in in-kind services
have been donated to us,” says Rus
sell Rau, director of governmental
affairs for Russo Cos., a prime force
in the business community drive for
the conventions.
Those involved say they expect to
get something back on their invest
ment if a convention comes to Hous
ton.
Southern Pacific Railroad stop part of University's histofy
Depot gave College Station its nai
A study released in September by
the accounting firm of Peat Marwick
Mitchell predicted the expected eco
nomic benefits to Houston from a
Democratic National Convention at
$67 million.
The costs of the convention have
been estimated at $8 million to $15
million — a tab taxpayers hope to
avoid through private contributions.
The Democrats are expected to
make their decision in February
from among Houston, New York,
Washington, Atlanta, Kansas City
and New Orleans.
By Carolyn Garcia
Staff Writer
In the 1940s, absconding with a Snickers bar
could get you run out of town.
The railroad tracks that pass through Texas
A&M served as the means of a dishonorable dis
charge from the Corps of Cadets.
Vice President for Student Services Howard S.
Perry said that when he was a cadet they didn’t
have vending machines — they had a cigar box.
Anyone caught not putting a nickle or an IOU in
the box was escorted to the train station, he said.
“There was a protocol to it,” Perry said. “So
phomores got the honor of packing the individu
al’s bags. Freshmen got to carry them, and se
niors were in charge of getting the money
together for his one-way ticket.”
Perry said this dismissal was conducted with
out University administration involvement.
“They (the administration) were just told he
went home in the middle of the night,” Perry
said.
The railroad tracks and the depot that stood
next to them meant more to Aggies than just a
possible humiliating experience. The railroad
also provided transportation for the football
team, a way for girlfriends to attend dances, and
the primary way in and out of College Station.
Serving as a means for some good times in the
past and as a catalyst in several students’ deaths,
the railroad tracks were laid down in College Sta
tion in 1868just following the Civil War.
The college station originated as a flag station
and according to “The History of Texas A&M,”
the name “College Station” already was coming
into wide use by April 1877.
Southern Pacific, then called Houston and
Texas Central, ran four trains regularly through
College Station, according to information com
piled by the University Archives. They were the
l
Photo courtes» of t'lUKfitiJ
The original College Station depot for the Southern Pacific railroad.
Owl, the Sun Beam, the Hustler and the Central
Express.
But progress ran its course. College Station, as
well as A&M, quickly grew, and trains were used
less by people as a mode of transportation.
Eventually, passenger service in this area \%as
discontinued.
The depot, which had earlier been expanded,
became a haven for termites and was torn down.
Dan Whitt, assistant vice chancelloi lot fat ih
ties planning and construction, said
small building, which sukkI nexi tod
,11 111sx i rout Old M.tm mini rra'inh. .1
!>\ itu 1 HiveisitN from Xauthern PiJ
months ago lor $ 10.
Flie $10 fee was waived providing
mg was torn down,” Whitt said.
1 ie said the railroad got nd of ike.
the University got i id of an "unsightlvi
Texas Commerce, Chemical NY Corp. to meia
HOUSTON (AP) — Chemical
New York Corp., the nation’s sixth-
largest bank holding company, and
Texas Commerce Bancshares Inc.
announced plans Monday to merge
in a deal worth $1.1 billion, making
it the largest merger in U.S. banking
history.
“The consolidation and combina
tion we’re talking about is really an
historic development in banking in
this country,” said Walter Shipley,
chairman of Chemical New York.
“It represents the first really large
transnational consolidation of two
great banking institutions into one
better institution than either of the
two individually have been,” Shipley
said.
Ben Love, chairman of Houston-
based Texas Commerce, said,
“Texas banks have been under some
additional need to bolster funding.
That need, as far as Texas Com
merce Bank is concerned, evapo
rates with this merger because we
have the funding abilities to supple
ment our funding abilities.”
Love denied that the deal, which
exceeds in value the $ 1.07 billion ac
quisition of Crocker National Corp.
by Wells Fargo & Co. earlier this
year, was an acquisition or bailout.
Texas Commerce is considered
the strongest bank in the state, but
its recent performance has suffered
due to heavy loan losses and nonper
forming assets. It reports $18.9 bil
lion in assets and is the 26th largest
bank holding company in the coun
try.
At least 22 Texas banks have
failed this year, primarily because of
problems in the state’s real estate
and energy industries.
Texas Commerce, in the first nine
months of the year, has charged of f
$96 million in bad loans and lists an
other $840 million during the same
period as non-performing, said the
bank’s chief economist, Mark Sha
piro.
“I don’t think this could be char
acterized as a rescue from any per
spective,” Love said. “The financial
services industry is changing. Texas
Commerce is itself
mergers, most of
a m
oduct
wnicn nave t»c-
curred since 1972. So this is simph .i
continuation of a pattern.”
Shipley and Love said the identi
ties of the banks would not change
and each will have representation on
the two boards of directors. No jobs
will be eliminated, Love said.
Texas Commerce, the stale's hu g
est banking system with 70 branches,
will continue to operate as a wholly
owned subsidiary of Chemit al.
“I’m looking to expand,” Love
said. “I never would enter into a
merger like this to iontiat i."
Love, joined by Shipley at a Hous
ton news conference
i al's expertise in cons
was a factor in the d
has 270 branches in l
City area. last tnonih
approved a measu
branch banking.
Love said Texas Comal
lx*en too preoccuppied*
sale loans and hopedtols
Chemical to make it motti
at the consumer level.
The merger, whidi
should be approved byftd
latory agencies andshareil
eat Iv next year, wouldaq
mg i:o|npaii) of'S75i
tion's font tli-largest.
Show Your Support for the Aggies!*
Make sure your name is on the
Eagle’s Official Cotton Bowl
Man Roster
It’s easy and it’s FREE!
Here’s all you do:
•Call 776-7355 between 8:00 a.m. and 5:30
p.m., Monday through Friday or 8:00 a.m.
and noon on Saturday.
•When you reach our operator, say “Go,
Aggies.”
Then tell us your name - give us the correct
spelling. It’s that easy and there’s no cost to
you. The Eagle will publish your name in a
big COTTON BOWL Special Section on
Tuesday, December 30th. Sorry, no
companies. Only the name of an individual
will be taken over the phone. If you would
like to compile a list of names, bring it to
the Eagle building located at 1729 Briarcrest
Drive. Lists must be typed or neatly written.
The Eagle reserves the right to refuse any
name.
ITS
FREE!
Don’t be left off the list!
CALL 776-7355
Bryan - College Station
ITS
FREE!
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