The Indianapolis Star from Indianapolis, Indiana • Page 8

WEDNESDAY, SEPTEMBER 14, 1977 5 PAGE 8 THE INDIANAPOLIS STAR ISSUES, OTHER ASPECTS OF CASE Summary Of Bert Lance Controversy cafe a ptoirc. Call: 844-8821 been an illegal, indirect campaign contribution. No action was taken by the Justice Department when the matter was unusually large amounts on deposit in exchange for loans. Banking Standards Out of area, call 800482-9055 toll free from anywhere In Indiana For more information call Don Ridgeway, Director at 844-8821. Out of area, call 800-382-9055 toll free from anywhere in Indiana.

that meeting, but the regional official says the issue was not discussed. Acting comptroller Robert Bloom mentioned the overdrafts to the committee, which confirmed Lance, but stressed that the nominee had a good reputation as a banker. Response Lance and Mr. Carter have said that most of Lance's actions were common banking practices and that the investigations have not damaged his effectiveness as budget director. Mrs.

Lance has said that the bank allowed Lance private use of the airplane. The comptroller, reporting on Lance, said better definitions of acceptable banking ethics are needed, especially for the use of correspondent accounts. Airplane The Justice Department and other agencies are investigating allegations that Lance improperly used a National Bank of Georgia airplane for private and political purposes. We make first and second mortgage loans. For anywhere from $1,300 to $30,000.

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Washington (AP) As Budget Director Bert Lance prepares to testify Thursday before the Senate Governmental Affairs Committee on his banking ac-tivities, here is a summary of issues and other aspects of the controversy: Overdrafts Lance, president of the tiny Calhoun First National Bank in Georgia, and his I family frequently overdrew their check-S ing accounts without paying penalties until 1974. The overdrafts continued, to $450,000 at one point, but the Lances paid interest on them. The comptroller of the currency ordered the practice stopped in late 1975. Campaign Lance's campaign committee during 1974 bid for governor in Georgia overdrew its account, too. The comptrol- referred to it Personal Loans In 1975, Lance borrowed $2.7 million from Manufacturers Hanover Trust Co.

of New York to buy 21 per cent of the stock of the National Bank of Georgia, of which he had been named president. Lance pledged stock dividends as part of the collateral for the loan, then broke the agreement by using the same dividends as collateral for a loan from another bank. The New York bank indicated in memoranda that it expected, in return for the loan, to have the Georgia bank establish a "correspondent account" with it, a common arrangement in which one bank deposits funds with another but ir 34 Winterton, Building 1030, 1010 East 86th Street Indianapolis, Indiana 46240 I Pre-Confirmation Probes The Atlanta regional comptroller's office and the U.S. attorney there closed investigations of Lance just before President Carter, a close friend, nominated him as director of the Office of Management and Budget and just after Lance visited the regional regulator. Lance said that he mentioned the comptroller's restriction on his overdrafts at his bank at receives services instead of interest.

Bankers often secure loans from banks where their institutions have correspondent accounts, but the government has prosecuted some whose banks have left ler's office considered the practice equal to an interest-free loan. That would have Lance THE CALHOUN bank, which Lance directed, was put under a cease-and-desist agreement in December, 1975, by the Comptroller of the Currency, the regulator of national banks. Under the agreement, the bank was put in a so-called "troubled category" and was prevented from loaning large sums to stockholders including Lance and his in-laws and allowing them to make overdrafts. Tarleton testified that he wrote a letter Nov. 16, 1976, saying the bank had not met all requirements of the agreement but had made substantial progress, and only technical problems remained.

Six days later, he testified, Lance dropped by and said he was in line for a Continued From Page 1 discussion either. I And Sen. John Heinz (R-Pa.) noted that Tarleton's secretary said there was I "a rush" to get out a letter clearing the Calhoun bank after that November meet-, ing. But Tarleton said he had not pres-; sured anyone. Tarleton was the last witness scheduled to testify before the committee prior to Lance's appearance Thursday.

He is expected to open with a 90-minute I statement in his own defense. Tarleton conceded he may have erred in taking Lance's bank out of the troubled category just hours after meeting with i him, but he pleaded lack of political i expertise in such matters. key post in the new administration and five hours later, Tarleton lifted the Calhoun bank out of the troubled category. "I DID NOT SEE how that could possibly have helped Mr. Lance," Tarleton said, noting that FBI agents already had looked at his records on Lance and the Calhoun bank.

"Is it probable," Percy asked, "that Lance's physical presence didn't lead you (to lift the agreement)?" Said Tarleton, "It is possible that it (lifting of the agreement) would not have occurred," if he had not met with Lance. But, he said, he already had made his decision before the Lance meeting. oi" aw- bbb Mrs. Lance LVJSuL Lt- him one of my books so he would understand about faith." Mrs. Lance, a devout Methodist, has written several inspirational poetry books.

HER RELIGION has brought her great strength in the past few weeks, Mrs. Lance said. "I could never have gone through reading the headlines and feeling that people were saying these things I knew weren't true about my husband. I had to have my faith. "So whether our career in Washington is now and forevermore or for a short age for the plane A letter has been written by the NBG to say so." Mrs.

Lance would not rule out reports that her husband will resign this week, but she did say that it would surprise her. "I DON'T THINK it will even be talked about until after the Senate hearings," she Bert should ever decide that he would be less effective as budget director, then I think he would sit down with the President and talk about it. But I don't think that time will come before the Senate hearings. Mrs. Lance said the family has received many supportive letters from the public and only one unkind letter: "If it had a return address, I would have sent Continued From Page 1 count.

The bank never lost money on any of our overdrafts." ASKED IF SHE ever had second thoughts about using the bank's private plane for such personal business as fami-ly vacations and taking their sons to school, Mrs. Lance's voice softened as southern ladies' voices so often do when they mean business. "The National Bank of Georgia gave him full use of that plane in any way and every way," she said. "The biggest asset that bank had was my husband. "They gave him a carte blanche kind of cover season, I don't think that's for us to say I have to leave it up to God's plan and God's judgment." Stokowski HAVE A 60D J111JIM1V1YDEAN JJjPORK SAUSAGE tfy 1 '7 Jr and a number of American composers.

HE ALSO WAS THE only modern conductor to record on everything from pre-electricity acoustic shellac discs to modern quadrophonic records, carefully monitoring technological developments to bring the full beauty of orchestral music to home listeners. A life-long innovator, Stokowski encouraged string players to use free-bowing techniques instead of the traditional unison of European orchestras, and he urged wind and brass players to develop individual breathing methods. The first of Stokowski's marriages was in 1911 to Olga Samaroff, an American pianist. She divorced him in 1923. They had one daughter, Sony a.

In 1926 he married heiress Evangeline Brewster Johnson of New Brunswick, N.J., and they had two daughters, Gloria Luba and Andrea Sadja. She divorced him in 1937, charging extreme cruelty. His 1945 marriage to Gloria Vanderbilt produced two sons, Stan and Chris, and ended in divorce in 1955. was regarded by many as a major step in fostering popular appreciation of classical music. Stopped and slow of speech in his last years, he gave up the concert platform with a final, unscheduled appearance July 22, 1975, in the south of France, but continued recording.

His conducting was often controversial, but no one ever accused him of lulling audiences to sleep as he drew out the thrusting strings, vibrant bass and rich double-bass that were his trademarks. WHEN THE conductor was already in his 90s, one critic said: "Stokowski is as capable as ever of provoking raised eyebrows and sharp intakes of breath." Purists screamed when he orchestrated organ works by his beloved Bach, rescored the ending of Beethoven's Ninth Symphony or refashioned Tchaikovsky's Fifth Symphony. An unabashed showman, he set off sticks of dynamite during the finale of Tchaikovsky's 1812 Overture. He was a lifelong champion of new works and was responsible for the pre Continued From Page 1 tzed a U.S. citizen 10 years later, and was not to conduct in Europe until 1939.

He built his reputation in nearly 25 years at the helm of the Philadelphia Orchestra, starting in 1912. Critics routinely ranked him with the late Arturo Toscanini and the late Serge Koussevit-J sky as the titans of symphonic art. 1 BUT TO THE general public he was more than a great conductor, he was the glamor conductor of his time, who had the walls of the Philadelphia Academy of I Music painted blue to match his eyes, who abandoned the traditional baton in favor of his tapered, graceful hands, and who had a spotlight focused on his high, wiry mane of silver hair. Those hands and the near-hypnotic eyes produced the luminous "Stokowski sound" an orchestral warmth and richness particularly noticeable in the strings within minutes of taking charge of a new orchestra. HE MADE headlines by berating audi- ences for late, leaving early, coughing or applauding out of turn; he outraged purists with his transcriptions of Bach, his championship of modern i music and his collaboration with Walt Disney.

Stokowski's name filled the gos- 2 Brothers Killed By Lightning Bolt Indianola, Miss. (AP) Lightning struck and killed two teen-agers and injured a third youth Tuesday as they stood under a tree at a playground near here, authorities said. Student sip columns with his marriage to Miss Vanderbilt, their fiery custody battles over the two sons of that marriage, and his close friendships with Greta Garbo and other beautiful women. Stokowski left Philadelphia in 1936 saying he wanted to conduct "all over the United States." He did that and more Continued From Page 1 cause it had been overheating. They declined to say whether they fear she has OlSAUSAGE tlOUsV SAUSAGE ROLLS II A-i-r- i I 'r Y- I I r'-'TUi- 'if I SMOKED SAUSAGE SAUSAGE UttKS conducting all through the Americas and Europe, organizing the All-America Youth Orchestra in 1940, the New York City Orchestra in 1944 and the American Symphony Orchestra in 1962.

IN THE 1930s AND 1940s, he took his, talents to Hollywood and appeared in four pictures. His collaboration with Disney in the 1940s film classic "Fantasia" miers and first recordings of dozens of 20th-century compositions. The music he introduced to America included works by Mahler, Berg, Stravinsky, Schoenberg Morgan Continued From Page 1 thrown at the factory guard shack. THE STRIKERS are members of Teamsters Local 89, headquartered at Louisville, Ky. They have been on strike several weeks over a new contract.

Morgan, who said he has not received any encouraging response from the Governor's office the last three weeks, said the situation gradually has worsened. On Monday night, Morgan said, bullets struck the grill work of a car owned by a Pinkerton guard employed by the company and the tire of a Pinkerton truck. Morgan said that came after earlier incidents. A nearby farm house and barn were burned' down and about 300 migrant workers were not allowed to leave the camp to work in the fields. The migrants, who are not on strike, now are gone.

SHETTLE SAID troopers have assisted in getting the migrant workers out and also assisted the Morgan Co. in getting a train out of the factory area. Shettle said he was told that many of those employes inside the plant were preparing to stay overnight. Morgan said the situation has deteriorated even though negotiations have. 'Balloonists' Rescue met with foul play.

The car was found Tuesday morning 2 miles north of Martinville as her mother, Marjorie Harmeier of Cambridge City, and her pastor, the Rev. Rose Taul of the Presbyterian Church at Cambridge City, were retracing the route they believed Miss Harmeier would have traveled. Mrs. Harmeier and the pastor went to Bloomington in search of the student Monday night after Miss Harmeier failed to telephone the pastor as scheduled. MISS HARMEIER also failed to report for work with a stage crew at a rehearsal of a play on the Bloomington campus Monday night.

Miss Harmeier is 5 feet "5 Inches tall, weighs 100 pounds, has brown eyes and short, wavy blond hair and is of light complexion. When last seen she was wearing a red T-shirt with the word "Indiana" in white letters on it, blue jeans and Adidas tennis shoes. Her car is a 1971 or 1972 beige over (rust-color Ppntlac LeMans. 4 LARGE LINKS 13f STl 10 Costly To USAF Washington (AP) It cost the Air Force $3,561 in fuel to rescue two Ameri- can balloonists after their attempt to fly across the Atlantic failed, an Air Force' I spokesman said Tuesday. The two balloonists Ben L.

Abruzzo, I 47, and Maxie Anderson, 44 were rescued from their floating gondola off the northwest coast of Iceland on Monday night. Ice and whirlpool winds had forced them into the ocean 800 miles short of their goal. 5 The Air Force spokesman said the fuel i costs in the rescue operation were $603 I for the helicopter that picked them up and $2,958 for the HC130 that followed the balloonists to guide the rescue craft. I tv MB. 12-OZ.

PRICES EFFECTIVE SEPT. 14 THRU SEPT. 17 QUANTITY RIGHTS RESERVED continued and a federal mediator is in--. volved in the talks. I.