The Seguin Gazette-Enterprise from Seguin, Texas on December 1, 1988 · Page 1
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December 1, 1988

The Seguin Gazette-Enterprise from Seguin, Texas · Page 1

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Seguin, Texas
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Thursday, December 1, 1988
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Page 1
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I * VW V ',:?'' i" n ,1 ,'Mtf^ W^"^,!Tt^{/' ' W? ' <'# \l '" £ , ^ • ' ' , . > 1 \ ' in' * "' .*•*«& »-..*'' • ' ', • ^M' ".-.r ' ;,;'•' • tt Serving u County Since 1 888 Vol. ,100 No. 54 fhursday, December; i, 1988 USPS 488-700 25C space launch until Friday By HOWARD BENEDICT AP Aerospace Writer * CAPE CANAVERAL, Fla. (AP) — The launch of space shuttle Atlantis and five military astronauts on a secret spy satellite mission was postponed today for 24 hours by bad weather. "The launch of STS-27 has been postponed because of local conditions and unacceptable upper-level Mnds,- 'launch control commentator Hugh Harris reported at 8:55 a.m.EST. The countdown, blacked out publicly fpr security reasons; stood at nine minutes when the scrub was called, sources reported. It had been held there for more than an hour while officials waited in vain for a significant break in.the cloudy, windy weather, which before dawri had carried intermittent showers. An hour 'after the scrub, the clouds had disappeared and the launch pad was bathed in sunshine, but NASA said winds were still too high to have permitted a safe liftoff. Sources reported the flight had been rescheduled for Friday mom- ing, sometime between 6:32 and 9:32 a.m. EST, the same time it had been set for today. The, exact time regained a secret because the mission is classified. For today's launch, sources had said the actual goal was 7 a.m. but as the bad weather persisted, they said the time was delayed first for an hour, then another hour, before the effort was scrubbed. <• The astronauts, who had boarded the spacecraft shortly after 4 a.m. in their bulky escape suits, returned to crew quarters seven miles from the launch pad. Technicians promptly began emptying the huge external fuel tank of the half-million gallons of liquid oxygen and liquid hydrogen that had been pumped aboard overnight The fuel will be reused for the next attempt at launching. The forecast for this morning had been ominous for days, and NASA 'knew it was gambling when it decided to load the fueltank. the space agency has estimated the costs of a last-minute scrub at about $250,000. The fickle Weather at the Florida launch site has been a persistent problem, forcing numerous delays and postponements of previous shuttle launches. Weather criteria for launch have been tightened since the Challenger explosion of January 1986, but conditions today would not have been acceptable even before Challenger. \? * and will be distributed to fa««i'tA«^ lOpup^S^tte^, With- the assistance of flte^ ^toclapjelPuna High^chobl Key C"' " %te^j|raU|e5 i: 'beforeChfistmii^ . <- < k J asQn. , / Tjtoniftorjc may also»>b«s mailed /tiie office, P.O. Box 1200, Beat-, Con- McCormick » -, * sti; » l J^^ ^supwieu^w cwi- C J.C." Stod- ^ a "»' ^orn'tneaL'flour, ^hor- fc irvin Mace {J? W % «*# 'pe^s^pork.and .ntribUtion, '*<l^firt 1 <*n^^B%'WJ*r. . R^*?8W«?L total to «"•--;' -^•5"-^; jt-T,-"-'-"»-^ x -~T^-f— sday moniJiig. ter - J 6 ^' P" 110 ^ ^R?*. powdered .t^/-^^-^; milk, $tew and Spaftj^/ t % , ^^^epted. This i^ thf,.seventh year thg^ ^ f lj)12Schiie%eiC ( newspaper has sponsored by the" S'ln'dusiii^Park, EmntvStockiriffHind. *' ,, , Woman not seriously hurt when car struck by train By GARY GOSSETT City Editor An elderly Seguin woman escaped serious injury Wednesday afternoon when her car was struck by a train at the Southern Pacific Railroad tracks and Gander Slough Obituaries,.,......,...,, ...... „ ....... Pg. 2 Sports ,.....„.„„„„.., ........... ...... Pg, 4 Image..,.,,,..,,.,,.,,,,, ............... ,,,Pg, 6 ***«*f •***«••*••**•• Entertainment ,,. ............... ,.,Pg. 10 Opinions,.,.., ....... .„„„.. ...... ,..Pg. 11 Classified. ..................... ,,.,,..,Pg, 12 Outlook! Tonight, fair skies, Lows to the upper 3Qs to near 40, Light winds, Friday, partly cloudy. High to Road in northeast Guadalupe County. 1 \ . Helen Stein, 67, of Rt. 1, was treated at Guadalupe Valley Hospital and released. ' According to Department of Public Safety Trooper Doug Malaer, Stein was southbound on Gander Slough Road, 1.1 miles east of Kingsbury, and had come to a stop at the railroad crossing. She told the trooper she looked both ways, but was blinded by the sun when she looked to her right, the direction from which the train was coming, and neither heard nor saw it. When she started to cross the tracks, she said, she heard the tram for the first time and stopped, The train, engineered by Onufry Kosub of San Antonio, just clipped the front of Stem's vehicle, Malaer said. She complained of pain to her back, and was transported to the hospital by Seguin Emergency Medical Service. New water line MERCER CONSTRUCTION COMPANY is laying a new, : 24-inch, water line-up River Street from the Seguin water plant.The line and Cedar, ; and will.accom- From Staff and Wire Reports SAN ANTONIO (AP) — For 67 years, San Antonio Savings Association weathered the turbulent Texas financial storm, like a run on the thrift during the Depression and the crisis after petroleum prices plunged several years ago. But the thrift founded by a former mayor in 1921 has announced that it suffered multimillion-dollar losses in its 1988 third quarter and has been forced' into technical insolvency. The SASA announcement Wednesday came on the heels of federal banking officials' predictions that the country's S&L crisis cleanup eventually could cost up to $100 billion. More than 140 thrifts have failed or have been forced to merge this year. But SASA officials said that customers' accounts were insured by the Federal Savings & Loan Insurance Corp, and that they soon hoped to have a remedy for the thrift, which boasts itself as the city's largest institution with $2.9 billion in assets. Jim Vordenbaum in the Seguin SASA office said Thursday morning that the insolvency will "have no effect on us whatsoever. We are insured and management is the same." He added that the local branch will continue to operate with the same hours and that it is "business as usual" there. "No one has anything to worry about. The situation is well in hand," he added. "There will no interruption bf services." SASA officials said the thrift lost $51 million in the third quarter and that its deficit in the Generally Accepted Accounting Principles capital was about $.12 million. The thrift,,which conducted its own audit and was being examined by the Federal Home Loan Bank, also will have to write off at least another $100 million in bad loans made in the real estate industry.- The losses would reduce SASA's regulatory capital to $57 million, well below its minimum regulatory requkementof $101 million. • "The Texas financial situation the past few years has affected .mpdate the new 1 million-gallon northeast water tower. It will greatly increase the city's water capacity and pressure, esper daily on the north and east sides of town. (Staff photo by eBoehm) ... ..,.,..,. • .,-. •,,,.,, ; , v nto insolvency everybody, no matter how old or traditional you are," said James Horan, SASA's chief financial officer. "We are not that much different than a great number of our peers," he said. "What we'are hoping for is that we will continue to be a major part of the San Antonio and South Texas scene and that as the Texas financial situation is restructured that we hope to be an active participant," he said. Many of the troubled Texas thrifts have looked to the federally funded Southwest Plan, which seeks to bring outside capital to help. financially strapped S&Ls. W.W. "Bo" McAllister III, SASA's chairman and chief executive officer, said the Southwest Plan could be an option for his thrift. "We have been actively pursuing various avenues of attracting investment capital. There is considerable enthusiasm on Wall Street to recapi- talize Texas financial institutions under the auspices of the Southwest Plan," McAllister said in a statement. "Many options are open to us and we will not lose sight of our obligations to our customers," said McAllister, who serves on the board of the Federal Asset Disposition Association, which sells the troubled assets of failed thrifts taken over by the FSLIC. SASA, founded in 1921 by former San Antonio Mayor W.W. McAllister, has 53 offices in San Antonio and South Texas and employs about 1,100 people. "In the coming weeks and months we are going to have to.'find investors who are willing to recapi- talize us and bring our net worth back to what is required by federal law," Horan said. "That situation may involve a merger or it may involve investors just looking at SASA alone," he said. Horan said, however, that customers should not be worried. "As far as the customer is concerned, this means absolutely nothing," he said. "All deposits are federally insured. It's totally transparent to the customer.". Water topic for symposium set in San Marcos By BOB THAXTON Staff Writer Guadalupe-Blanco Riyer Authori-' ty officials and state Rep, Edmund Kuempel, R-Seguin, will be among participants in a symposium on the Comal and San Marcos springs scheduled Friday and Saturday, Dec. 2-3, in the Chautauqua Room of the Student Center at Southwest Texas State University in San Marcos. _H,E, "Eddie" Gumbert Jr. of Wtoiberley, chairman of the board of directors of GBRA, will be one PON'T fm, WH£N (T$gTS OlARMgf? THE 00UNPS MBit AWAY Warmer weather expected daya to Chrlttmai By the Associated Press A warming trend was expected to begin across all of Tews as the state's weather remained under the influence of a high pressure system, Forecasts called for clear skies and wanning temperatures statewide Friday after another night of cool to cold temperatures, Cool to gold temperatures were report across the state, early today wuh early morning readings .ejpjer in soiue portions of, Otf southern half of th§ stale loan to th@ northern half. Houston, for example,' recorded 33 at 5 a.m. while it was 34 at Wichita Falls and 40 at Fort Worth at the same time. Lows tonight will be mostly in the 30s and 40s, ranging from the 20s in the mountains of Southwest Texas to the upper 90s along the lower coast. Early morning temperatures were in the 20s in the High Plains, extreme West Texas and portions of the Edwards Plateau and in the 30s and 4Qs over most of the rest of Jhe state except to South Te*as where readings; were to ihe 50$, Extremes rahged from 25 at Dalhart and Ub- bock to 59 at Brownsville. of three panelists for the symposium's first session Friday afternoon. Later in the day, GBRA General Manager John H. Specht of Marion will serve in a similar capacity on a four-member panel during the symposium's second session, Gumbert and Kuempel both will be members of a 12-person panel convening Saturday morning "to prepare symposium recommendations, assess data, review issues and outline" the group's report, Saturday's closing panel session will follow field trips to both Comal Springs and San Marcos Springs during which Do Glenn Longley, director of the Edwards Aquifer Research and Data Center at SWT, will serve as guide. The field trip excursion is scheduled to leave by bus at 8:30 a.m. Saturday. No specific starting time is listed for the closing panel session to follow the field trips. Besides Gumbert and Kuempel, panelists Saturday morning wjll include Herbert Grubb, director of planning, Texas Water Development Board; Harvey Banks, consultant; Allen Bienke, exeeuUve. director, Texas Water Commission; Harry Bishop, director representing Hays County on the board of the Edwards Underground Water District; state Rep. Anne Cooper, R-San Marcos; Kenneth Eikels, director representing Comal County on the EUWD board; Allen Kneese of "Resources for the Future;" Larry McKinney of the Texas Parks and Wildlife Department; Douglas Miller, mayor of New Braunfels; and Kathy Morris, mayor of San Marcos. The symposium will convene at 9 a.m. Friday with registration to continue until 11:30 a.m, while exhibits also will be open during that period in the San Marcos Room of the SWT Student Center. From 9 to 10 a.m., a technical panel meeting is scheduled. Michael Abbott, president of SWT, is slated to deliver the welcoming address at 11:30 a.m., and a brief discussion of the symposium's purpose and objectives will follow. A buffet luncheon will be served from noon to I p,m, with the luncheon speaker to be Walter CardweU, chairman of the governor's task force on development of water resources. Buck Wynn, chairman of the Texas. Water Commission, originally was scheduled to be the luncheon speaker, but Wyno apparently will be unable to attend. The symposium's first formal session will convene at 1 p.m. with Hays County Judge Don Rains serving as session chairman. Rains also is chairman of the Hays County Water Development Board. First panel discussion of the afternoon is titled "What Are the Issues," and it will be chaired by Gumbert. Other panelists are Bishop and Eikels. At 1:30 p.m., another three- member panel will focus on the hydrology of surface and ground water. Panelists will be Tom Fox, vice-president for water resources, Raba-Kistner Consultants Inc., San Antonio; William Espey of Espey, Huston & Associates; and Rollin W. Harden of Austin, a consulting geologist. A question-and-answer session is scheduled from 2 to 2:30 p.m. to b$ followed by a talk on "Laws and" Institutions" by Roger Neyola, 3D; attorney with the firm of Vjnson and.; Elkins. After a break from 3 to 3:20 p.ra,, " the symposium's second session, , will be chaired by Comal County: Jucjge Fred Clark. First sneaker o|; See Water, Pg, $ •

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