Sunday Gazette-Mail from Charleston, West Virginia on July 27, 1975 · Page 9
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Sunday Gazette-Mail from Charleston, West Virginia · Page 9

Charleston, West Virginia
Issue Date:
Sunday, July 27, 1975
Page 9
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Page 9 article text (OCR)

--Jutv27,1975 · State Bankers to Name Group to Study Reform From Page One "Since last year, the grand jury of the U.S. District Court for the Southern District of West Virginia has been investigating dealings between some West Virginia bankers and officials of the state treasur- Blair of Charleston on legal tjMgesta- voMng banks. Be reported that, while stateSartered banks are limited to 8 per cent interest w mortgages, a new opinion bv a federal official seems to indicate that national banks have no limits on mortgage rates, except what is specified in their bylaws. Ke advised national banks to seek ie- ers an o c a s o e sa - . er's office. That investigation has resulted gal counsel before raising their mortgage - Staff Photo by Leo Chabot A Single-Engine Aircraft Lies Upside Down is Pasture After Crash-Landing Pilot Everett Doty and Passenger Faye Jones Weren't Injured 2 From Area Escape Injury In Plane Crash Record Shortage Feared Frwn Page One The occupants of the plane told deputies that they had fastened their seat belts extra tight before the landing, and had braced themselves for impact, according to Putnam County Sheriff Don Wright. Wright added that the mud and water on the pasture served to cushion impact, possibly averting serious injury or death. W. R. Hein, the owner of the property where the plane came to rest, told police that he heard a loud thump, but thought that the noise was a truck rolling over a bump on a -nearby road. A passing motorist told Hein that a plane had crashed in his pasture. When he went to investigate, he saw Doty and the Jones woman walking away from the aircraft. Both later declined hospital treatment. The four-seat, single-engine plane was registered to Dura Building Co. of St. Albans, a subsidiary of Peerless Block Co., of which Doty is president and general manager. Officers investigating the crash included troopers E. W. Fields and J. R. Bias of the Winfield detachment. Federal Aviation Agency officials were to continue an investigation today. sional committees, also mentioned that this year some residential users could also expect to feel the pinch. A 60 per cent shortage is predicted for "They are getting close in some pipeline Ohio and the report quotes the governor as systems to where they may have to reduce saying his state will be faced with an deliveries to residential users, he told "unprecedented crisis." Columbia Gas of New York State, the report says, will completely end deliveries to all its industrial customers as of Nov. 1 In all, 32 states depend on interstate natural gas for 90 per cent of their gas supplies, and 19 states are totally dependent on the interstate supplies that come mainly from the Louisiana and Texas Gulf Coast. Natural gas is consumed by 160 million Americans and comprises 40 per cent of total domestic energy production. Severe shortages of the fuel, Commerce Secretary Rogers C.B. Morton said last month, would prevent a recovery from the recession and would "cause a significant downturn in our future living standards." There are two schools of thought about why there will be a shortage. The first is that the United States is just plain running out of gas, that there is less and less to be discovered. The second is that government controls keep the price so low that a producer has no economic incentive to risk money in a search for new fields. A long-time advocate of such deregulation is Federal Power Commission Chairman John N. Nassikas, who believes an end to price controls will spur companies to increased exploration. .- Nassikas in recent testimony to congres- he told the government operations subcommittee on conservation, energy and natural resources in June. He said that North Carolina, southern New Jersey and parts of Pennsylvania were areas where the shortage will be worst. INTERRUPTING GAS to residential customers would be difficult. A safety hazard would result if pipeline pressure is reduce because pilot lights on stoves, water heaters and furnaces would blow out and gas would flow through open lines into homes. A staff aide on the government operations committee said the only way he could see to cut back residential customers would be to shut off gas supplies to the homes completely. Nassikas recently came under sharp criticism from Rep. John N. Moss, D-Calif., chairman of the investigations subcommittee that is looking into industry practices as possibly contriving the shortage. Moss, claiming that there is evidence showing the industry has deliberately underestimated its reserves, told Moss "You don't know what a fair price is because you don't know what the supplies are." The Moss subcommittee has subpoenaed records from seven major producers in an effort to obtain what it claims is each company's "proved reserve ledge." This, the subcommittee says, is each company's most conservative estimate of reserves and will show more natural gas in the ground than the companies have reported to the FPC. in some indictments and is continuing. "Of those indicted, some have filed pleas but haven't been sentenced. One banker has been convicted but has indicated that an appeal will be taken if a motion to set aside the verdict is overruled. "While we don't condone any violation of federal or state laws by anyone, the officers of the association are of the opinion that it would manifestly be improper for us to take any action which might affect pending court proceedings. "By the action just taken, we have offered our full cooperation to the Governor and the legislature in ther proposed review of existing laws with respect to the deposit and investment of state funds. We trust they will accept our offer of assistance." IN OTHER ACTION Saturday, the WVBA heard a report by lawyer Andrew Blair also reported that a new court decision allows banks to repossess appliances and other items without a court hearing. But he warned that some new consumer laws have "unbelievably serious penalties." He urged the bankers to become "more interested in politics and thus "counteract vocal antibusmess groups." Two speakers at the Saturday session were William Rossman of Altoona, Pa., who urged greater support of the American Institute of Banking, and Federal Reserve System governor Phillip Coldwell of Washington, who told the bankers the downward trend of the U.S. recession seems to be over. The WVBA convention officially ended after the two-hour morning assembly, but entertainment for the bankers and their wives continued into the weekend. Ford's Health Bill Veto Is Overriden in Senate From Page One Greece and Turkey. The Turks began taking control of U.S. military bases in Turkey on Saturday in reponse to Congress' refusal to approve resumption of military aid to Turkey. The nonbinding Helsinki agreements, developed during two years of negotiations in Geneva, include a statement of broad principles on European security and NOAA, US. D*pt of Cemmmt hotattd PrecipitatlMi N«t MteMMl- C^Mi" Uwl He added that "United States policy supports, as I have supported through my entire public life, the aspirations for freedom and national independence of people uluauF11IltllJirauili;ailuJlcaiIOVVU ,, vu . w . B r everywhere." a pro vision for advance notice of military reading all the ads for doctors in the medi- While in Helsinki, Ford will confer twice manueve rs cal journals. I'd like to practice in a small with Soviet leader Leonid I. Brezhnev Also invo i ved are acc ords to promote ' ' "'-* "'·--'-' J TJ "' Young Man IN THE MEANTIME, he applied at the new medical school in Lewisburg and at West Virginia University. "WVU turned me down for the third straight year," he said. "I got the same form letter three years in a row." "I really don't understand it, either, because they say they're looking for qualified black applicants. But they had about 90 graudates last year and only one, I believe, was black. I'll bet there aren't more than 10 black doctors in the entire state." But while WVU said no, the School of Osteopathic Medicine, now in its second year, did accept him. Finances then became the next stumbling block. "I figure it will cost about $7,200 a year to go to Lewisburg," he said. "I saved $2,000 while I was working but I still need $5,000." Patterson explored several possibilities before he issued his public appeal. "I applied with the United Mine Workers but Arnold Miller wrote and said they only issued one scholarship, for $1,000. "The U.S. Department of Health, Education and Welfare said I'd missed their deadline and Gov. Moore never returned my letter. "Congressman Ken Hechler did write back and made several suggestions where I might obtain help. "I got the idea for the personal ad after item Page One The Weather July 27, U75 THE FORECAST Sunrise 5:24 Sunset · ' · Zone's""l-2-3-4-5-9 (Northern Panhandle, northwest, west, Southwest, north central, Eastern Panhandle): Sunny with highs in the low to mid SOs.-Lnws will be in the mid 60s. Partly cloudy Monday with highs in the low to mid 80s. Zones 6-7-8 (central mountains, south, northern mountains)- Sunny with highs in the mid 70s to around 80. Lows will be in the mid to upper 50s. Partly cloudy Monday with highs in the mid to upper 80s. VIRGINIA - Sunny today with highs in the mid 70s. Lows will be in the low 50s. Highs Monday in the 80s. W E S T E R N P E N N S Y L V A N I A - P a r t l y cloudy through Monday with highs both days in the mid 70s to mid 80s Lows today will be in the 50s. KENTUCKY --Sunny today with highs today and Mon- day in the mid to upper 80s. Lows today will be in the low 60s. OHIO-- Partly cloudy through Monday with highs today in the 80s. Lows today will be in the upper 50s and lower 60s. Highs Monday in upper 70s to low 80s. SATURDAY'S HUMIDITIES ' Sa.m 90 11 a.m 81 5 p.m 34 SATURDAY'S WIND Highest was 9 m.p.h. from SE at 1 p.m. TEMPERATURES Saturday's high 83 Saturday's low 59 Recorded high for July 27 was 104 set in 1936. Recorded low for July 27 was 52 seHn 1920. PRECIPITATION 24-hour precipitation as of 5 p.m 0.00. Total for the month of July 2.71. about a possible new strategic arms limi tation agreement, reduction of military forces in Europe and the Middle East situation. Also, he hopes to meet with leaders of That section, included in printed copies of the statement provided to newsmen beforehand, said: "The United States has never recognized the Soviet incorporation of Lithuania, Latvia and Estonia and is not going to do so in Helsinki." * * * SOME ETHNIC GROUPS and political figures, as well as exiled Russian writer Alexander Solzhenitsyn, have charged that the summit will result in tacitly acknowledging Soviet hegemony over Eastern Europe. Ford's prepared text also said the United States and its allies "are obtaining the public commitment of the Warsaw Pact governments to the possibility of peaceful adjustment of frontiers. This is a significant concession -- contrary to the claim that present borders are being permanently frozen," the advance text said. A White House spokesman, asked why this and the Baltic states reference were omitted in Ford's planeside remarks, said the advance text had been issued without the President's final approval. The text was later revised by Ford himself, the spokesman said. Ford did tell newsmen: "This conference represents useful progress in our continuing eforts to achieve a more stable and productive East-West relationship." greater economic and scientific cooperation, as well as freer movement, human contacts and exchange of information between East and West. The President's schedule calls for him to be in Bonn until Tuesday, then July 28-29 in Warsaw, Poland; July 29-Aug. 1 in Helsinki; Aug. 2-3 in Bucharest, Romania, and Aug. 3-4 in Belgrade, Yugoslavia. »1 journals. I'd like to practice i town in West Virginia and I'd return a year's service for every year of school paid for by a community." A TALL man who wears spectacles and c Ronnie at moderate Afro hairdo, Patterson holds a maternal third degree black belt in karate and looks G°TM-ee BlaKe said '"One of my girl friends taught me to sew three years ago and I make all my own clothes. I also learned to crochet and sold eight or 10 afghans for spending money the last year I was in school. I also worked as a dorm counselor. Spending money hasn't been a problem for Patterson since he graduated. "Being black, lots of "big city hospitals would like to have me on their staffs to help them make their quotas," he said. "I could easily make $15,000 a year working as a cytotechnician but that's not what I want to do. "I want to be a pediatrician and, if necessary, I'll just work another year and save my money. I've already waited three years so another year won't kill me." Fall From Truck Kills Boy, 14, In Greenbrier LEWISBURG - Daniel Gregory Cook, 14, son of Mr. and Mrs. Thomas Cook of Renick, Greenbrier County, died yesterday in Roanoke Memorial Hospital in Roanoke, Va., of head injuries he received Tuesday when he fell from a hay truck on a rural road near Renick. Also surviving: brothers, Wade and sister, Regina at home; parents, Mr. and Mrs. Frankfort. pa,r DOG DAYS FIJVAL REDUCTI OJV FOR THIS SUMMER SAVE 50% Suits .................... NOW 55. to 162 Sport Coats NOW 37 50 to H7 Very Special Offering!! Enjoy the attractive design and inviting comfort of a new Flair sofa. '649. Regularly $873. Your choke of 3 styks in one of 33 beautiful fdirics Trousers ...... .....Nowio 00 to 32 50 These groups are from our Regular Summer Inventories. ALL SALES FINAL Open Monday 'Til 9 P.M. ON QUARRIER ST. Outfitters To Gentlemen Since 1880 We Honor All Major Charge Cards Save up to 25% off the regular price on this exceptional collection of contemporary Flair upholstery now at Boll Furniture. This special offering includes 3 popular sofas in either 3 or 4 cushion sizes, matching loveseats, and 5 complementary chair frames. All pieces are avilable in 33 different designer fabrics including natural linens, velvets and plaids. Sofas are $649 and $689. Loveseats are $549 and chairs are$299. Your choice. See this fantastic collection now on display at Boll Furniture. Enjoy the comfortable seating and attractive design of new upholstery in your home. One of our designers will be happy to help you with fabric selection and color co-ordination. There's convenient parking next to Bolls in the new Municipal Parking Building. Take advantage of truly unusual savings on quality upholstery now at Boll Furniture. BOLL FURNITURE 900 Virginia St. East Shop Monday 'til 9 Tuesday-Saturday 'til 5 Phone 345-1130 \

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