The Battalion. (College Station, Tex.) 1893-current, May 04, 1988, Image 6

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    %
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Cassie Overlay. DOS. Dan Lawson. DOS
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W Paul Roquet.M.D.. A B F P
Convenient Family care...
CarePlus Medical/Dental Offices are
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from two locations. CarePlus Medical
Clinic is open 8 am to 8 pm Monday
through Saturday and 1 pm to 8 pm on
Sunday. W. Paul Roquet, M.D., A.B.F.P.
and Stephen Nesbit, D.O. are available
to care for you at 1712 Southwest
Parkway in College Station. A full ser
vice, on-site pharmacy adds convenience
to the medical service available.
For your dental needs, CarePlus has
two offices: At 1 712 Southwest Parkway,
Cassie Overley, D.D.S., and Dan Lawson,
D.D.S. provide responsive dental atten
tion to College Station residents. Those
living in Bryan Cmay go to the new
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CENTRAL INTELLIGENCE AGENCY
Get in on the Secret...Find Your Career with CIA
It’s really no secret that the Central Intelligence Agency
t (CIA) offers a greater diversity of careers than almost any
other single organization. But a lot of people aren’t aware of
the full range of opportunities that exist for CIA careers. The
fact is, CIA offers exciting and challenging careers to men and
women from almost every academic and professional back
ground you can think of.
• Our scientists, engineers, and technicians in every branch
of science are working hands-on with technologies beyond
the commercial state of the art.
• Individuals who majored in humanities, liberal arts, busi
ness administration, languages, and fine arts are pursuing
varied, dynamic, and active careers with CIA.
• Computer scientists, data base specialists, librarians, edi
tors, and communications engineers keep a pipeline of inter
national information flowing and devise the means of storing it
in some of the most secure systems ever created.
• Human resources specialists, logistics engineers, psychol
ogists, accountants, lawyers, doctors, teachers, and many
other CIA professionals support the ail important administra
tion of our worldwide organization.
• Other resourceful men and women - from all kinds of back
grounds - have chosen to take on the special challenges and
rewards of serving as operational case officers around the
world engaged in the collection of intelligence.
Exciting Careers For Exceptional Individuals
All these unique individuals working together make up the
CIA. Together we serve our special mission of keeping the
nation’s top policymakeers supplied with the intelligence
needed for national security. There is no organization quite
like the CIA. But the men and women who comprise this sing
ular organization are as diverse as the country we help to
safeguard. We come from all races.
What we ail have in common is a special drive and deter
mine that has led us to a career where we can do something
positive in the world. Many of the jobs we do also exist outside
the CIA... but they’re not the same anywhere else. The nature
of the organization and its mission adds something special to
whatever career path you choose.
Now Can You Picture Yourself In The CIA?
Have you got what it takes? All applicants must be US citizens
with a highly developed sense of honesty and personal integ
rity. Because of the important nature of CIA careers, our appli
cation process requires medical and psychiatric exams, a
thorough background investigation and a polygraph interview.
All this takes time, so apply early.
Find out how your chosen career field- from engineer to
economist to editor/writer- could be enhanced by the special
challenges and rewards of a CIA career. Send a resume and a
thoughtful letter to begin the process today. WRITTEN inquir
ies judged to be of further interest will receive consideration
within 30 days.
Dallas Recruitment Center
Dept A&M/MG
P. O. Box 50397
Dallas, TX 75250
The CIA Is an Equal Opportunity Empoloyer and encourages applications from
citizens of all races and ethnic backgrounds.
$ University Bookstores
announce
3rd Location!
at University Dr. & Tarrow in the Village
Shopping Center with GTE and Gyms of
Texas across from the Hilton.
WE BUY ALL BOOKS
AT ALL 3 LOCATIONS
Even paperbacks, novels, out-of
edition books if you bring them with
usable textbooks. Sell your books
before you leave -they're worth more
now!
We also buy Biology, Chemistry &
Engineering equipment.
University Bookstores
Northgate Culpepper Village
Plaza Shopping
Center
Page 6/The Battalion/Wednesday, May 4, 1988
State of Mind
by Krishn?
NACCX
East Texas
agreed to
stale livesl
rancher tr
pted will
[E.V. Ha
Jches Cc
allegedly :
of a healtl
. Hd regist
by Kevin
toi
NED WANTS TO KNfc,
IF YOU HAVE
CHOCOLATE JYRUP
FOR THE Tlfc.
Mn an el
toxicated,
an alcoho
have been
ffpr. Mai
tion and d
Hsgram i
by Scott McCulTwet
-,tobe kille<
Waldo
SURE,NED' YOU
CAN HAVE A DIME
FOR THE ICE
CREAM MAN/
Warped
T0tf I6HT THE
WRPD CLASSIC
MOVIE THEATRE...
A TALE OF A/V
ELDERLY SEA TRAVELER...
FORBIDDEN To speak
FOREVERrAORE AS HIS
punishment for the
KILLING OF AN INNOCENT
SEAGULL...
...HE MUST NOW WEAR
THE BIRD FROM HIS*f£CK.
condemned by the
SPIRITS OF THE SEA,HE
WORDLESSLY PERFORMS
OUT HIS TALE OF WOE
TO EVERY PASSERBY.
(ADAPTED FROM M Deni
WORKS OF SAMUEL Occurring
TAYLOR COLERIDGE' In the 1
ANCIENT MARINB
TONIGHT AT 7 RH. lice and
sion, leac
and norn
S&L official pleads guilty
to 2 counts of bank-fraud
are invoh
HOUSTON (AP) — In a coup
that could crack major bank-fraud
cases, Herman K. Beebe Sr. has
pleaded guilty to fraud charges in
Texas and Louisiana and agreed to
cooperate with an ongoing federal
investigation, officials said.
In return for cooperating in crim
inal probes of banks and savings and
loans in the Northern District of
Texas and elsewhere, Beebe will not
be prosecuted for any bank or thrift
fraud now under investigation, the
Houston Post reported Tuesday.
U.S. District Judge John M. Shaw
of Louisiana sentenced Beebe Friday
to a year and a day in prison after
Beebe pleaded guilty to two counts
of bank fraud. He is scheduled to
enter a penitentiary, possibly in Fort
Worth, at the end of June.
Beebe pleaded guilty to a wire
fraud charge from the Northern
District of Texas involving a $4 mil
lion loan from State Savings in Lub
bock to Beebe associates and a con
spiracy charge for arranging a
$860,000 loan from City Savings
Bank and Trust Co. in DeRidder,
La., to associates.
“We are pleased with the plea,"
said Ed Tomko, with the fraud divi
sion of the U.S. Justice Department
in Washington.
Beebe is regarded as a central fig
ure in a large number of S&L fail
ures in Texas, although his attorney,
James Adams of Shreveport, La.,
said he and government attorneys
had agreed not to discuss the plea
bargain.
“I’ve got an agreeent with the U.S.
attorneys that we will not discuss the
plea bargain,” Adams said Tuesday.
“But I can tell you that, yes, he’s
going to cooperate with the investi
gation.”
Adams said Beebe will not go into
a federal witness-protection pro
gram.
, “The people who are really ner
vous about Beebe turning state’s evi
dence are those in the savings and
Oil company founder
steps down from post
FORT WORTH (AP) — Western
Co. of North America’s founder
stepped down as the oil-field services
company announced a Chapter 11
reorganization plan that could pull it
out of bankruptcy during the fourth
quarter.
The company’s annual meeting
Monday was the last for founder
H.E. “Eddie” Chiles as chairman.
After an emotional invocation by his
wife, Fran, the Texas Rangers ma
jority owner said he was stepping
down and that he probably should
have done it sooner.
“If I’d done it about 1983, I could
have quit while I was winning,” he
said. “I thought the (oil) boom was
going to continue forever.”
Western Co.’s new chairman,
Sheldon Erikson, said shareholders
will be left with only a small piece of
the company when it emerges from
bankruptcy. He said lenders could
receive more than 90 percent of
Western’s stock in exchange for a
large part of the company’s $563
million debt.
“Most of the equity will go to cred
itors,” said Erikson, who had been
the company’s president and chief
executive officer.
He succeeds Chiles, who was
named chairman emeritus and will
continue to serve through the expi
ration of his term as director in May
1990.
A reorganization plan patterned
on that of Houston-based Global
Marine Inc. would give the holder of
100 shares of the present Western
Co. about 2'/a shares of the reorga
nized company, officials said.
Details are being worked out and
it is too early to speculate on a final
plan, Erikson said. The plan would
give creditors 97.5 percent of exist
ing shareholder equity, he said.
Of the reorganization plan, Erik
son said after the meeting, “It’s
going to mean a dilution in own
ership, but probably an enhance
ment in value for those sharehold
ers.”
“They’ll have a dilution in voting
power, but they’ll come out with a
positive net worth,” Erikson said.
Sam R. Morrow, Western’s chief
financial officer, told shareholders
the company’s $553 million debt
couldn’t be paid off without lenders
taking stock in the company.
The $553 million includes se
cured, unsecured and subordinated
debt, but excludes interest, which
the company said is substantial. As
of March 31, Western had a negative
net worth of $282.3 million.
“Unfortunately, if you look at the
prospects for this industry and this
company, we will never, never pay
off that level of debt,” Morrow said.
While the shareholders will be
asked to give up most of their voting
rights to the creditors, Morrow and
Erikson both told of progress in
making the company profitable.
Western’s land-based oilfield serv
ices now are profitable, and the com
pany’s offshore drilling operations
have a positive cash flow, the officers
said in a separate report.
Chiles formally agreed to step
down as Western Co. chairman in a
letter dated Feb. 1.
loan industry, naturally, and: Keyes
people in the nursing home 1 111611 in ^
ness, the insurance businessand(||| .
tain politicians’,' 1 an unidenc: ,i 1 “ 1S 1
source close to the investigations® 686 1116
Beebe had a small empire of 10r 1116 111
surance companies, banks, nui
homes and motels in Shrevep ^ 116 S
La., before he was convictedo! 110 !) 6 ^
frauding the Small Business Adr.P^ lon 11
istration in 1985 and moved slart
las. 83161 men
He has been selling insurantt®^ cou ri
Dallas. their cou
Keyes
Beebe has ties to Continental! 1116 P ro S
ings in Houston and to First Sac
of East Texas, which failed lasts
He also is connected to the M
daily healthy San Jacinto Saving
Houston, through the thrift’s
company, Southmark Corp. of!
las.
Beebe also has ties to Vernon'
ings and Loan, State Savings
Loan Association in Lubbock
Brownfield Savings and Loan.
GSU report:
First quarter
shows declins
BEAUMONT (AP) — Final]
dally strapped Gulf States
ties Co. reported Tuesday ean
ings for the first quarter of 19®
plunged 79 percent as a resuli
new accounting requiremei
while rate changes are consii
ered.
For the three months endir»
March 31, the utility posted
profit of $8.5 million, or 7 ce» ;
per share, on revenues of $3'
million compared to earnings
$41.1 million, or 38 cents p*
share, on revenues of
lion during the same period
year ago
But Gulf States is subtracMl
$16 million for preferred di' t
m
dends that currently are beinj |
suspended, leaving the compai
with a quarterly loss of $7.3 fl-
lion, or 7 cents per share, accoi<
ing to spokesman Susan Gilley
The Texas Public Utility CoC
mission and the Federal Enerj
Regulatory Commission, whit
regulate the Beaumont-bast
utility, are allowing the compaj
to recover its investment in d
canceled River Bend Nuclei
Unit 2 in Louisiana without ar
associated carrying cost, Gi
said. The recovery period lasts
years from the state and 10yea !
from the federal agency.
One accounting rule effects
this year requires Gulf States
write down to its discounted p( r
sent value the investment to ■
recovered in the jurisdictions res
ulated by regulatory agencies.
*
M