Northwest Arkansas Times from Fayetteville, Arkansas on August 9, 1974 · Page 20
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August 9, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 20

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Fayetteville, Arkansas
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Friday, August 9, 1974
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Page 20
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20 Northwest Arkansas TIMES, Friday. Aug. 9, 1974 FAYKTTEVILLE, ARKANSAS legal Noiices liquors. Application !s lor permit lo be Issued for qjwration bcginnliiR on the I5lh day ot September, 1971, nnd to expire on the 30th day ol June. 1375. Donna Lynn iialdenbcrg Subscribed and sworn to before mo this 6th day ot August, 197-". Joyce C. Wood, Nolary Public Sly Commission Expires: 5-14-15 (Seal) 2to "-· 9, 16 Hurst Indicted On 32 Counts In Estate Handling HOT SPRINGS. Ark. (AP) -The attorney for state Sen. Q. Byrum Hurst, of Hot Springs who-is charged with embezzle- rneht and conversion in the handling of a client's estate said Thursday that the charges were politically motivated. A Garland County Grand jury returned 32 indictments against Hurst in connection with the estate of Effie M. Ellis here. ', Sam Anderson of Hot S p r i n g s . Hurst's attorney, wouldn't identify the persons 'allegedly responsible tor .the what he called the political indictments. An arraignment hearing has been scheduled before Circuii Court Judge Henry M. Britt of Hot Springs. Hurst, a former lawyer, was accused of converting abou .$17,000 from the Ellis' estate to his. own use. ,In February, Hurst pleadec guilty to five federal counts o misusing funds under his con trol in three,banks he owned in Arkansas and Missouri. He faces a possible five-year prison sentence on thosi charges. Hurst was ordered by a judge to be examined for 9' days at a federal hospital a Springfield, Mo., before fina reviewing and sentencing. .He returned to Hot Spring: .Monday and was served with 'the additional charges. Hurs tfien posted a $5,000 bond. Slate Woman Testifies Before Joint Committee -'-WASHINGTON; CAP) -- Dr Betty e M. Caldwell of Littl Hock, Ark., testified her Thursday before a joint hearin; of the Senate Subcommittees 01 Children and Youth and on Em ployment, Poverty and Migra lory Labor on behalf of a chili and family services bill. Dr. Caldwell is director of th Center for Early Developmen and Education and principal o Kramer School at Little Hock. The House Select Subcom mittee on Education also joine in the hearing on separate ver siqns of the act that the joii committees plan to submit t Congress. The proposed bills were en dorsed by Dr. Caldwell, wl- said that legislation is passe dealing with child abuse, juvc nile delinquency and crime but, she said "we have difficu ty with legislation which cou. truly hope to be preventive an have a long-term salutary i fluence on t h e society as whole." She said she hoped that th congressmen would enact law thai will fund social prffgrarn in'"which "we have a respec iable degree of operation competence and from which positive r e t u r n to individui families and the entire socie can be expected." Corning Industrial Bonds Questioned "LITTLE ROCK CAP) --TI. Local Audits Screening Com mittee of the Legislative Joi A u d i t i n g Committee vote Thursday to seek an altorm general's opinion on the co slilutionalily of procedures f( lowed by the city of Corning paying off an industrial devc opment bond issue. The $100.000 bond issue w, made under Amendment 49 the Arkansas Constitution w bonds to be redeemed in 19 1993.' The committee's staff sa this arrangement apparent violated the amendment whii caljs for bonds to be serial, m turing annually after Ihr years from date of issue an paid as they mature. The staff said that meant tl bonds, which were issued 1972, must be pair! off by 1975. The city apparently inte prets.the amendment to me that the bonds must be paid o within three years of the da that the first payment is ma on the principal. Sfofe Pay Raises LITTLE ROCK (AP) -- He ry Gray, stale Highway Depa ment director, said Thursd that department workers w had not gotten raises auth ized by the legislature -mig get them later in the year. Gray said the 227 employ did not get the 5.5 per ce cost-of-living raise approv during the special session the Qeneral Assembly. He said 111 of them had n been with the department lo enough to have received thi job training. The remainder of the worke had not received a favorab rating from (heir supervisor Gray said. 'Bicentennial Community' Designation Is Approved Three!'cities' .and Washington iinty i in Northwest\Ajrkansa5 ve re'ceive'd approval'of-Urie kansas American Revolution centennial Committee for situation as a "Bicentennial immunity". Applications from Fayetle- le-Washington County and irmitigton were · approved hen the state committee met Fayetlevillc Thursday, wingdalc's application was bmilted earlier and was ailed from the regional office Dallas, to Washington, D.C. Uly 16/..'- vy.; . ; . .. ;-'-·-·: Also approved as'-a.proposal om- Mark" Haiina. -state .pr'si- int "of Diversified Education ubs of America (DECA) and member of the Fayetteville igh School Chapter, to sponsor i-Cep Day, November 20. The iccial state-wide day will jmmemorale the 200th birlh- iy of the nation In conjunction ith emphasis on environmen- 1 protection. .·.. . , ; ; . DECA chapters will \5ubmit dividual chapter projects and is , hoped;...that -these,, will icome competitive' events at EGA Leadership Conference. fiaiina ·. ,\yaS: vaccompanicd by DECA imember.Phil Hall and Charles Pudlas,- faulty coordi. nator;' ~ - · · - ' · . Other projects approved included applications submitted by Jackson County, Atkins, Texarkana, West Mcmphis-Crit- tenden County and Truman. Mrs. Glennis Parker, director, sai3 in response to a question ' regarding funds that comimihities will generally have to get' '.Bonaiions ..from local sources. "We can't promise you one ''dollar to. further projects," s h e s a i d . .-, ".John L./Ferguson,, director of trie" Arkansas. History Commission, of Little Rock, conducted the session. Also attending the meeting was Mrs. Earline Viney, deputy director of the regional coiri- miltee in Dallas which comprises the area west of New Mexico and east to Louisiania. Special guests were members pf.i'i.the i. Fayetteville-Washington County...; committee; .including County- Judge. Yol Lester and Don! 'Grimes, · Fayetteville city manager. '· Dutch Newspaper Calls Nixon An International Menace' LONDON (AP) -, News- apers. in the European 'coun- ies o f . the; North Atlantic reaty Organization are coh- erned that uncertainties over resident Nixon's future may c holding up crucial decision international affairs. "Try as one may, it is now mpossible to imagine any -way n which Mr. Nixon could re r ain the authority that the r e s i d e n c y · requires,-"- -The imes of London said "in urging lixon's immediate resignation.: Six of the .seven national pa- ers in Britain have expressed he same attitude, and wish, he seventh, the Dairy Ex- rcss, has not declared its feel- ngs on whether Nixon should uit, although it does not ex- ect him to remain in office. Most newspapers in France, taly and West Germany have vaded direct comment on res- gnatibn, but''several, editorials avc implied that Nixon should tep down to remove a vacuum n U.S. policy-making..- - , "What credibility can he ave with other nations?" sked Paris's Le Figaro. "The, reatest power in the world ius finds itself in an unprece- enled position without a' rul- r." · ' ·. ' " . ' · · La Stampa of Turin, Italy, escribed Nixori as "a 'burden or America and therefore for he world." He "has done his part, but the world can now do without him,".the Italian paper said,' ; arid added that the world should'be : grateful "for all the ?ood he has achieved." The independent Dutch newspaper NRC-Handelsblad of Retard am said Nixon is emerging ''a national and international menace. One might expect that Richard Nixon would no longer jeem himself worthy of the ligh office which he occupies, but such honorable expectations are defiled by Nixon as by no one else." Britain's The. Guardian, a powerful .liberal paper, stated bluntly: "In one of his televised statements, President Nixon declared, 'I am not a crook.' The tapes -have shown him to be both a liar and a crook." The'British Daily Telegraph, a politically conservative longtime Nixon supporter, came reluctantly to. the' conclusion that the · American President should resign. ;' Its editorial said Nixon "slipped -into, one misjudgment after another; into one semi-dishonest after another ... It may be fair to wonder how many other presidents would have immediately resisted the temptation to cover up. and how many could have survived blamelessly the ruthless exposure of his private office proceedings which Mr. Nixon has suffered: but it is fruitless." State Bankers Consider Multi-Bank Holding Companies Pressure to repeal Arkansas' aw against multibank holding companies is coming from big banks wanting to get bigger and not from Arkansans. -Embree Easterly, president of; the Independent Bankers. Association of America said here Wednesday. Easterly was "; speak ing'-at- a ank management' 'seminar - of he Arkansas Bankers Associa-' lion being held at the University of Arkansas. It's a myth that bigness is JCtter, he told bankers and leg- slators attending the seminar. He warned that only the big banks will survive in the rapidly changing financial structure of the country. Adam Aronson, chairman of Mark Twain Hanfehares, Inc. St. Louis 'multi-bank 'holding company, said that if banks lon't provide capital needs and 'inancial services other types of lending institutions will. Multi-bank holding companies can operate in any state that does not expressly prohibit [hem. The 1971 General Assembly passed a law prohibiting such holding companies. However, a proposal to allow them in Arkansas is expected to be introduced" in the "General Assembly in January. The Joint Interim Committee on Insurance and Banking has already held one public hearing on the issue and another is set for Aug. 28. State Sen. Virgil T. Fletcher of Benton said that most informal talk among bankers seemed to favor holding companies. But he said that longer applause at the seminar went to those defending independent or unit banking. Aronson pointed out a survey that showed 61 of Arkansas' 100 largest business had to bank out of state because Arkansas institutions are not l a r g e enough to fill their credit needs. "You can't stay small and raise senior capital," he said. However, Dr. Wayne Dobson, a banking professor at the University of Nebraska, questioned, 'Do you want to change your whole bank structure to support the 100 largest firms in Arkansas?" He said that many .of the large firms borrow capital' in New York so t h a t they' are drawing money out of New York and putting it into Arkansas through wages . paid to workers. Easterly said that multi-bank holding companies concentrate capital in a few hands to such a large extent that some slates liaye had to pass control legislation. He said holding companies often are indifferent to l o c a l needs and have inflexible rules. ^ In History irinmi By THE ASSOCIATED PRESS Today is Friday, Aug. 9, the 221st day of 1974. There are 144 days'left in the year. . '-Today's highlight in history: OnV this -dale." in '1945. the United-States dropped the second atomiC'bomb on Japan, destroying more than half the city of Nagasaki. On this date: In 1638, a native of Holland, Jonas Brbnck, became the first settler in what is now the Bronx, New York. ' : In 1831, the first train in the United States to be drawn by a steam locomotive made a run "between, the New York cities of Albany and Schenectady. In 1842, .a border dispute between the United States and Canada was settled in the Webster - Ashbiirton Treaty. In 1898, S p a i n formally accepted peace terms ending the Spanish - American War. In 1902, Edward VII was crowned King of England following the death of his mother, Queen Victoria. In 1942, the British arrested the Indian, nationalist, Mohandas Gandhi. He was Interned ' until 1944. ! Ten years ago: The U.N. Security Council adopted a U.S. proposed resolution calling for a ceaseVfire between Greek and Turkish Cypriote on Cyprus. Five years ago: Three m e n and two women, including actress Sharon Tate and coffee heiress Abigail Folger, w e r e found murdered at a secluded nia. One year ago: he Senate Watergate Committee filed a lawsuit'to force President Nixon to produce White House tapes subpoenaed by .the committee. Today's birthdays: · Meteorologist Gordon / Dunn is 69. Former '.movie star Charles Farrell is 72 . Thought for today: The'most general survey shows us that the two foes of human happiness are pain and boredom- philosopher, 1788-1860. Sears 3rd 0 0 0 0 0 J i l l I Giant Anniversary Values! Values Good Saturday Only! Shop Sears 10 a.m. to 9 p.m. Daily Sears Coupon l ! SAVE 32%! Boys'".ferry Tube Socks a to 12 Regular 2 for $1.49 Coupon Good Saturday, August 10th, Only JOUSOQOOOOl Sears Coupon Boys' Short Sleeve Shirt Values! Sears Coupon SPECIAL GROUP Girls' Back-to-School Dresses Sire 3 to 6x 7 to 14 $ Limited Quantity Coupon Good Saturday, August 10th, Only Size 8 to 12 Sears Low Price 3 ° $ 4 Sears Coupon SAVE 50 to 85%! ENTIRE STOCK Little Boys' and Girls' Shorts Coupon Good Saturday, August lOlh, Only Sears Coupon SAVE 50 to 70%! Entire Slock Bigger Boys' Shorts Size 8 to 12 QQ« Regular $2.99 to $3.49 ... t/t/C Students--14 to 20, -| QQ Regular $3.99 to $5 JL.i/«7 Coupon Good Saturday, August lOrh, Only Size 3 to 6x Regular $1 to $3.50 Coupon Good Saturday, August lOrh, Only .70 Sears Coupon SAVE 39 to 50%! Men's Long Sleeve Dress Shirts One Group . im oo Regular $8 to $10 / j °° Size 15 to 16V4 -^JC Coupon Good Saturday, August lOrh, Only With Coupon Great Value! Reconditioned Boat Motors and Slightly Damaged Boats · BOATS · Mod. Description Reg. Sale Quan. 61015 16-ft. Square Stern Canoe $248 $188 61017 17 ft. Aluminum Canoe $238 $188 61198 Sea Shark Sailboat $99 $69 61036 32 ft. Aluminum Canoe $295 $183 61112 12 ft. Deluxe Gamcfisher $275 $179 618)5 14 ft. Jon Boat $159.95 $119 · MOTORS · Mod. Description Reg. Sale Quan. 5902 Troll Motor $136.79 $94.88 1 58543 3 H.P. Motor $120.00 $79.8$ 1 5968 5 H.P. Motor $179.00 $99.88 1 5911 1-Speed Troll Motor $29.88 $16.8$ 1 5943 7 H.P. Motor $187 $99.88 3 5876 15 H.P. Motor $487 $329 3 59783 10-Speed Troll Motor $226.98 $79.88 2 ALL REGULAR PRICES ARE FROM SPRING 1974 GENERAL CATALOG Sears Coupon -\ SAVE 26%! No. 6352 Hair Styler Regular $14.99 . 10 97 Coupon Good. Saturday, August lOlh, Only -^ Sears Coupon SAVE 30%! No. 5886 Electronic Calculator 815 Sears Coupon SAVE 18%! No. 1140 M" Electric Drill 88 Regular $8.44 With Coupon Coupon Good Saturday, August 10th, Only Sears Coupon SAVE 50%! Craftsman 2'x4' Work Bench with Drawer Sold in May '74 For $79.50 With Coupon Regular $39.99 19 88 Coupon Good Saturday, August 10th, Only Sears Coupon SAVE 25%! No. 68816 "Super" Popper Cooker «*«* With Coupon With Coupon Coupon Good Saturday, August lOFh, Only in Good Saturday, August 10»h, Only Sears Coupon SAVE 37%! No. 17244 Sabre Saw Kit Regular 6^ M 88 With Coupon $39.99 ^41 '" · -in Good Saturday, August 10th, Only SHOP AT SEARS AND SAVE Gvnrnttted «r Your Itoney Bock Sears Northwest Arkansas Ma to Hiway 71 South Fayetteville Call 521-6000

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