The Baytown Sun (Baytown, Tex.), Vol. 49, No. 278, Ed. 1 Wednesday, August 25, 1971 Page: 7 of 21
This newspaper is part of the collection entitled: The Baytown Sun and was provided to The Portal to Texas History by the Sterling Municipal Library.
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THE BAYTOWN SUN
Wtdntwtoy, August 15.1171
^►Editorials # Viewpoint • Features
Bridge
Stock Market
Climb Shocks
Watching the crazy ticker tape machine on Mad
Monday. Aug 16, when the stock market scored its
greatest one-day gain in history, a Cleveland broker
remarked that "What is most interesting to me is the
fact that a Republican president is curbing free en-
terprise" (by freezing wages and prices i.
OHrbuM » i« »i«a m cpfipus coincidence of history
that President ,\jxon should have called his series of
measures designed to stop inflation and perk up the
economy a "new economic policy."
Just a half century ago. another leader named
Nikolai Lenin instituted what he called a New’
Economic Policy, in capital letters, to rebuild the
World War I shattered economy of the Soviet Union.
The name, however, is the only similarity.
The President’s new economic policy, by tem-
porarily enlarging state control over the business life
of the nation, is intended to help the economy get back
on'an even keel and thus preserve the free enterprise
system
Lenin's NEP, by temporarily tolerating a limited
return of free enterprise - permitting peasants to sell*
their grain on the open market and small employers to
hire and fire workers, for example- was intended to
save a faltering socialist revolution.
It is not that history repeats itself. But sometimes it
seems to stutter.
„Bush Proposes
“Xhina Solution
George Bush, U.S. ambassador to the United
Nations, has come up with what he believes to be a
precedent for the seating of the two Chinas - Red
China of the mainland and Nationalist China of Taiwan
— in the world body.
There is already a “three-Russia” policy, he says,
although nobody calls it that. What he means is that
two so-called republics of the Soviet Union, the Ukraine
and Byelorussia (white Russia), each have a vote in
the General Assembly and are. in fact, listed as
charter members of the U.N.
The Nixon administration’s two-China policy, says
Bush, is thus nothing new and should be acceptable to
the Communist Chinese. —— -
Unfortunately, there is a small catch. Soviet
Russia's three votes are all cast in Moscow. No doubt
Peking would be amenable to two China votes in the
U.N. if she could control both. This, of course, is not
what the Nixon administration has in mind. „
Those U.N. seats for the Ukraine and Byelorussia
are like political fossils. They represent what once
were, conceivably could be again but certainly are not
now, independent national entities. They were con-
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Opening lend—A K
’No-Fault’ Surety
Is Catching On
It's a Wise Father Who Knows
‘ His Own Child
Jack Anderson Says - -
Will Wilson Linked To
Texas Stock Promoter
WASHINGTON - The full
story can now be told of assist-
ant Atty. Gen. Will Wilson’s
ties to a scandal-stained $100
million financial empire that
his criminal division is investi-
gating.
On March 12, we linked him
to a Texas wheeler-dealer ap-
propriately named Frank
Sharp. We have now dug up
more details about their fina-
cial transactions, which con-
U.N. charter 26 years ago.
The United States could have insisted on a seat in the
U.N. for the Confederacy. Even more logically, Great
Britain could have demanded representation for
Scotland and Wales.
The “threO-Russia" precedent is no precedent at all
— except for mischief.
Hows Your Vocabulary? §
Answer to Preview funic
Iraqi Inquiry
ACROSS 34 Insurance
1 Shall al Arab <»b:>
seaport
6 City on
the Tigris
11 Mountain
nymphs
13 Tranquil
14 Of the mind
15 Proteolytic
enzyme
16 Wicked
17 Leave out
19 Indonesian
of Mindanao
2&SepaUab.h.,
22 Languid-
23 German river
I Ranter
5 Glucide
(comb, form)
36 Enclosure
. - (ab.) ......
38 Son of Gad
(Bib.)
39 Iraq's
ighbor
neighbor
Pedal digit
Mint!)
shrub
H
h
40
42 Minthke
shrub
44 Fall flowt
4/ LUscolors
48 Landed
BF6j>Tl?tors
49 Relates
50 Stroke in
billiards
28 Abstracting D0WN
29 East (Fr.) 1 Explosive
30 Go!/ gadget -«r device
31 Exist ■ 2 Plane
32 Coat with surfaces
tm-iead alloy 3 Dispatcher
26 Heavy blow
28 Everlasting
31 Beast
32 Be
4 Rodent
5 Girl’s name
6 Encounter
7 Fret (Scot.) 32 Beverage
8 East Indian 33 Penetrate
herb 34 Angry
9 Distinct parts 35 Brazilian
10 River in macaws
Soviet Union 37 Measures
12 Least rapid of wood
13 Twirl 38 Formerly
Justice Department.
Sharp was a cornpone,
church-going Texan who ex-
changed his Stetson for a Hom-
burg and became the slickest
stock promoter since Billy Sol
Estes. Sharp entangled a host
of top Texas politicians, moon
explorers and Jesuit Fathers in
his get-rich-quick schemes.
He bamboozled the Jesuit
Fathers, for example, into
making him the first Protest-
ant patron of the ancient New
Orleans Province of the Society
of Jesus, then he left the rev-
erend gentlemen holding the
bag for $6 million.
The Securities and Exchange
Commission also charged
Sharp with _a_ massive stock
fraud scheme which, among
other things, enabled some
eminent Texans to make a fast
fortune.
The “scheme and conspir-
acy,” alleged the SEC, began
in 1967 — while Wilson was
Sharp's principal attorney.
Testifying behind closed doors,
Sharp claimed he relied upon
Wilson for legal guidance. As
late as 1969, after Wilson was
sworn in as assistant attorney
general, he borrowed $25,000
from Sharp without putting up
collateral.
The SEC named Texas' Gov.
Preston Smith, House Speaker
Gus Mutscher and former.
State Atty. Gen. Waggoner
Carr among the, politicians
whom Sharp showered with
partaker, apparently, was Will
Wilson. Vet his name, charit-
ably, was left out of the official
proceedings.
A CHIEF of the Justice De-
partment's Criminal Division,
. Wilson is in charge of enforcing
law-and-order. He has the pow-
er, for instance, to decide
which criminal cases the gov-
ernment will prosecute.
We are satisfied however,
that he has completely dis-
qualified himself from making
decisions in the Sharp case and
has kept scrupulously out of the
investigation. Insiders say he
has even resisted the tempta-
tion to peek at the investiga-
tors’ reports that mention his
name.
We can reveal, however,
what these confidential reports
say about Wilson:
As a member of the Texas
Banking Commission, Wilson
voted to grant a charter to
Sharp’s Sharpstown State
Bank. Shortly after he left the
commission, he was retained
by Sharp at a beginning fee of
$1,400 a month. Wilson handled
at least three lawsuits for the
Sharpstown Bank and bor-
rowed money from the bank to
buy stock. He even opened a
separate law office, rent free,
in the bank building. Wilson*
told us he approved the Sharps-
town Bank charter strictly on
its merits and later established
a law office in the bank build-
He closed it after a year, he
said, because it was too un-
profitable.
Wilson’s net worth shot up
. from $660,000 to more than $1.5
million during his five-year as-
sociation with Sharp. SEC in-
vestigators implied that Wilson
acquired most of his new
wealth through Sharp. The
anti-crime chief acknowledged
that his earnings from Sharp
were “substantial” but pointed
out that his law firm had doz-
ens of other big-paying clients.
By Oswald & James Jacoby
For our final hand from
"Tiger Bridge" we go to a
lough team of four game.
South wasn’t proud of iiis
four spade bid. but he was
not going to let East shut
him out. Anyway. South
wasn't vulnerable
After West doubled and
East ran to five hearts.
South passed in the hope that
his partner would be able to
take three tricks against
West. Then South suddenly
found himself playing five
spades doubled
South looked over dummy
unhappily His first thought
was, "I should have doubled
five hearts to keep my part-
ner from bidding on." Then
he thought a little more and
decided that maybe every-
one. or almost everyone,
knew what he was doing.
That East had bid five
hearts because he thought
his partner would make it
and that East's analysis had
been correct. In that case
East would be void of spades.
Acting on that premise
South came to his hand by
ruffing a club, led a small
spade and called for dum-
my’s 10. Then he drew the
rest of the trumps, ruffed
another club and led a dia-
mond toward dummy's king.
"He had come to the con-
clusion that West had a sin-
America's top export! explain their
tournament-winning technique) in a -
new 121-page book en 1ACOIY
MODE UN. For your copy sent SI
with your name, address and lip
code to: "Win at Bridge," (do this
newspaper), P.O. Box 419, Bodio City
Stotion, New York, N.Y. 10019.
When • couple of college pro-
tectors from a com belt univer-
sity proposed ''no-fault" auto
insurance, the idea seemed
ludicrous to many people.
Who ever heard of an auto
accident that wasn’t followed
by lawyers, lawsuits and ever-
lasting snarls, they asked1
Uke the Wrtght Brothers, the
professors were treated more
as a source of amusement than*
as pioneers
Bid the idea has caught on.
Slowly, al first, but with in-
creasing interest, state legisla-
tures have begun seriously to
consider a major alteration in
the method of compensating
motorists for the damages that
result from auto crashes.
To understand thl at-
tractions of no-fault insurance,
you need only look at the fig-
ures for the other kind. The
kind of coverage we’ve all been
used to uses up about half the
money paid in premiums to
prove responsibility. This lea-
ves slightly more than one
buck out of every two to com-
pensate victims for their acci-
dents.
Why spend so much on litiga-
tion? A good question, critics
said. They suggested going at if
the other way,
Why not approach it as we do
health insurance, they asked?
No one spends huge sums
trying to prove who gave you
hepatitis. The sole aim of the
insurer is to pay the costs of
curing you.
The new concept split the in-
suring industry down the mid-
dle. Half saw the new method
as a way of cutting back on
costs that had gone berserk.
The other half worried that
the permissiveness of the new
system would lead to more ac-
~ddentr~
Trial lawyers, naturally
enough, tended to dim-view
any system that reduced the
number of court cases.
So far, Massachusetts and
Puerto Rico have such laws al-
ready in effect. The experience
in both places has been short
and the laws are not identical
but the results have surprised
even the new lew’s backers
During the first three months
in Massachusetts, the number
of bodily injury claims was 60
per cent lower than it had been
in the same period a year earli-
er, The average claim paid
dropped lo $131 from $205 To-
tal claims paid dropped by 36
per cent
In Puerto Rico, critics of the
plan had predicted its first
year cost at $40 million in
claims and expenses When the
figures were in for l$70, they
totaled only $1 million
fifth the projection,
No-fault insurance has a long
way to go. While some 27 states
and the District of Columbia
are studying similar legisla-
tion. the Massachusetts plan is
under attack. Its constitutiona-
lity is being challenged in
court.
Nonetheless, it appears that
no-fault may well be one of
those ideas whose time has
come. If so, you’ll soon be
seeing a lot of it.
BARBS
By PHIL PASTORET
The nicest thing that can
happen to a man with a dis-
tant. rich relation is to learn
he has lost his heir
A sure sign of affluence
is when you can boast of
a tuo-garaye car.
We don't mind the family
spook pinching the sheets,
but were really troubled
about what's going to hap-
pen to the electric blanket-
come winter.
Keep your nose to the
yrindstone and you’ll yet
a sore nose
IMWSPAPU iKTIItfttJ! *5,}N '
Bible Verse
BUT WE are all as an unclean
thing, and all our righteous-
nesses are as filthy rags; and
we all do fade as a leaf; and our
iniquities, like the wind, have
taken us away. Isaiah 64:6
gleton diamond and he hoped
that it would be the 10 or the
jack.
It turned out to be the 10
and after this start it was a
simple matter to finesse
against East’s jack and
Tfrake h'frdoubted contract;—
(NEWSPAPER ENTERPRISE ASSN.)
VACHRDJWuelr
The bidding has been:
West
North
East
Pass
1 ¥
Pass
Pass
3 A
Pass
You, South, hold:
TIMELY
QUOTES
We came into the world
naked and we shall leave it
naked. The money would
make it worth it.
—College coed Marjorie
Burns, auditioning for a
..part. in "Hair." uihen
asked what she thought
about the musical's nude
scene.
4AK87 ¥A2 4KQ9 AK643
What do you do now?
A—Bid three spades. Your
partner just might have four
spades.
TODAY’S QUESTION
You bid three spades and
your- partner goes to four
spades. What do you do now?
Answer Tomorrow
Lots of Waste
The average load of refuse
has been analyzed as 50 to
60 per cent paper, rags, wood
and garbage; 15 to 35 per
cent moisture; 15 to 25 per
cent glass and metals; and
3 to 9 per cent fixed carbon,
according to Encyclopaedia
Britannica.
K
mi by NfA, Inc.
"One of the goals of Nixon's 'new prosperity' program is
FULL employment—we may hove to leave the country!"
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(NCWSCAPfl CMTCtnitt ASSN.)
Qflfje paptoton i>an
Fred Hartman .............. . Editor and Publisher
John WaiHey ‘ business Manager..
Ann B. Pritchett......................Office Manager
EDITORIAL DEPARTMENT
Preston Pendergrass......................Executive Editor
Jim Finley............................. Managing Editor
Wanda Orton....................Associate Managing'Editor
ADVERTLSING DEPARTMENT
Paul Putman.........................Advertising Director
Dw ight Moody............. Retail Manager
Leon Brown ............................Classified Manager
Entered as second class matter at the Baytown, Texas,
77520 Post Office under the Act of Congress of March 3,1879
Published afternoons, Monday through Friday,
and Sundays by The Baytown Sun, Inc.
at 1301 Memorial Drive in Baytown, Texast
P.O. Box 90, Baytown 77520 *
Subscription Rates
By Carrier $2.15 Month, $25.80 Per Year
SingleCopy Price 10c
Mail Rates On Request
Represented Nationally By
Texas Newspaper Representatives, Inc.
^ MEMBER OF THE ASSOCIATED PRESS
Te Associated Press .s entitled exclusively to the use tor republicatidn to any,
news dispatches credited to it or not otherwise credited to.this paper and local'
news oi spontaneous origin published herein Rights of repudiation of all other
/natter herein are also reserved
DR. LAWRENCE E. LAMB
May Be Muscle Spasms
Stitch in Side' Is Old Problem
Dear Dr. Lamb—Our sun
describes a pain in the left
side which persists for some-
time after running, even
after the little running in-
that it is caused by muscle
spasm of the small muscles
between the lower ribs, or
even muscle spasm of the
diaphragm. Some authori-
ties dismiss this possibility,
in a person with one leg In any case, recurrent epi-
shorter than the other, to sodes of "stitch in the side ”
more severe deformities, as painful as they may be
Recent illnesses, poor eating are not serious When I was
habits and exposure to cold studying the responses of
(sleeping under a cold draft the Pentathletes (pistol
volved in shooting baskets saying it lasts too long for a from a fan) all seem to be shooting, cross-country run-
on the driveway. He has had ^he^dea since^a ac*ors in some ins*ances- ning, fencing, swimming and
n spasm can cause can aiso occur from «as that problems like the pain
had a^stiff Jerk °fnr traPPe<?in intestine. The in the side and the so-called
it for at least a couple of
years.
Dear Reader — Coaches
and doctors have been con-
fronted with the “stitch in
the side” problem for years.
In truth, we still don’t know
what the mechanism is.
Some think that the liver be-
comes engorged with blood
and because of stretching
pain. This surely
refutes the idea, since
muscle in spasm can cause
pain a long time. Anyone
who has had a stiff neck for
several days knows it is not
wats-rsit „ s*
SXSSStSSS Syr5E.5g.aj; Ir-bjuw* »rn
the diaphragm, or even mus- the left side. Gas trapped in
mfth °Lhfir„ location gather of these locations can
with referred pain to the cause severe pain. I suspect
, that gas trapping is a more
Why should a person have frequent cause of recurrent
uscle spasm? There are side pain in exercise uian
colon is a long, U-shaped "second wind” were much
tube and it curves into a more common in individuals
at the beginning of their
for compefition.
(NEWSPAPER ENTERPRISE ASSN.)
doesnh S to all case/ ^ that §as tapping is a more rand your quastions and
rtMifciWwi" "* ». i-l MHta,
° ’ _ that put a persistent strain a lot of reasons, including h* will answer letters at
O tjre r s have suggested on certain muscles, as seen nervous tension. general interest in future columns.
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Hartman, Fred. The Baytown Sun (Baytown, Tex.), Vol. 49, No. 278, Ed. 1 Wednesday, August 25, 1971, newspaper, August 25, 1971; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1061820/m1/7/?q=1966+yearbook+north+texas+state+university: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Sterling Municipal Library.