Newspaper Page Text
President has no objections
to Senate banking hearings
WASHINGTON (AP) - Pres
ident Carter, although defend
ing Budget Director Bert Lance
as having done nothing “illegal
or even unethical,” says he does
not object to plans for Senate
hearings into banking practices
that grew out of the in-
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vestigation of Lance’s personal
financial dealings.
Carter was asked at his news
conference Tuesday about the
plans of Sen. William Proxmire,
D-Wis., chairman of the Senate
Banking Committee, to hold the
hearings. The President said he
does not oppose them because
they would be “part of our
political process that ought to
be encouraged.”
Carter called Lance “one of
the more competent and in
telligent people” he has known.
Despite the President’s en
dorsement, the controversy
over Lance’s dealings while
head of two Georgia banks has
prompted new interest into
whether the government should
more closely scrutinize banks.
Both the House and Senate
are to conduct hearings on the
subject next month.
Committees of both houses
say they will look at such prac
tices as borrowing by bank offi
cers, correspondent relation
ships between banks and bank
officers and directors who are
allowed to write overdrafts on
their checking accounts.
“We would be remiss if we did
not explore these areas ...
before considering substantive
amendments to the banking
codes,” said Rep. Fernand J.
St. Germain, D-R.1., chairman
of a House Banking subcom
mittee studying how the gov
ernment should oversee finan
cial institutions.
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SCOTTSDALE, Ariz.—John Hoopingarner, a Scottsdale, Arlz., resident, displays two of 20
tarantulas he has collected. Hoopingarner plans to send the tarantulas, along with some
scorpions and black widow spiders to Winnipeg, Canada, for use in a traveling zoo. (AP)
Southern governors to meet
to discuss regional matters
GARTH JONES
Associated Press Writer
AUSTIN, Tex. (AP) - Gover
nors of Southern states meeting
Aug. 27-31 in San Antonio are
being asked to approve
“phased” deregulation of
recently produced natural gas.
Another proposed resolution
likely to stir discussion at the
43rd annual meeting is one op
posing any treaty that alters or
removes the existing control
over the Panama Canal.
Seven policy statements and
resolutions to be considered by
the governors have been pre
filed with the Southern Gover
nors’ Conference.
Conference action on the res
olutions will come when the
resolutions committee reports
Tuesday, Aug. 30.
The proposed energy policy
statement was prefiled by Okla
homa Gov. David L. Boren,
chairman of the conference
energy committee.
A similar stand on deregula
tion of natural gas was adopted
recently at a meeting of Mid
western governors. Texas Gov.
Dolph Briscoe, Southern Gover
nors’ Conference chairman,
said at the time that he hoped
the Southern governors would
follow with a stand on “phased”
deregulation.
The policy statement sent to
Southern governors for pre-con
ference study includes the spe
cific recommendation that
“federal legislation should be
enacted which would remove
wellhead price controls on new
natural gas. The legislation
should also contain provisions
designed to limit or eliminate
windfall profits. The deregula
tion should be phased into effect
to mitigate its impact on con
sumers.”
The policy statement on ener
gy also calls for “maximum ef
forts” to develop all outer Con
tinental Shelf areas including
the Atlantic seaboard; for a
maximum but reasonable time
to replace natural gas with coal
as a boiler fuel: for a study to
see if the federal government
should “oversee” renovation of
railroad beds for long-haul coal
transportation, at no cost to the
taxpayer, and for federal sup
port of both nuclear fission and
fusion for future energy.
The Panama Canal resolu
tion, submitted by Louisiana
Gov. Edwin E. Edwards said
the proximity of the canal to the
Southern states “makes its
continued control and operation
under terms of the existing
treaty imperative.”
Other policy statements and
resolutions to be considered by
the Southern governors include:
—A statement submitted by
North Carolina Gov. James B.
Hunt Jr. urging the states and
federal government to recog
nize the needs of the nation’s
smaller cities along with metro
politan areas for a “national
balanced growth policy.”
—A statement proposed by
Georgia Gov. George Busbee
Friendly critters
urging Congress to reserve for
American businessmen all the
advantages, “morally and eco
nomically equitable,” in multi
national markets competition.
—A resolution by South Caro
lina Gov. James B. Edwards in
support of the Southern States
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Page 17
Water Council.
—A resolution asking the fed
eral government to put Puerto
Rico under the jurisdiction of
Federal Region IV with head
quarters in Atlanta.
Griffin Daily News Thursday, August 25,1977
Meriwether revival
is huge success
The Meriwether Street
Church of God has experienced
a revival which its members
feel was the greatest of its
history. Originally scheduled to
last for one week, the services
Robert Turner
attends meet
Robert Turner, member of
Barnett-Harris Post 15 of the
American Legion in Griffin,
served as representative of the
Department of Georgia on the
Americanism Convention
Committee during the 59th
National Convention of the
American Legion in Denver,
Colorado.
The convention committee
considered a large number of
resolutions which dealt with the
programs of Boys Nation, the
National High School
Oratorical Contest, American
Legion baseball, and the
American Legion Education
and Scholarship Program.
DAIRY BAR A GRILL
(Old O’Dell Case)
Phone 227-9738 - North 13th St.
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OPEN FROM 6 AM to 8 PM
continued for 3 weeks. People
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LaGrange, Riverdale,
Douglasville and many other
cities throughout the state at
tended the services.
Herb Winegar, the evangelist
of the revival, is said to have
done an outstanding job. The
Rev. Hulet Smith is pastor of
the church.
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