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Page 12 text:
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l,4 i A ' V:A r .Q., L , i. Q:- a , n a d ,i W V- I R ' .-:gi 32' -. ' ' r xi .ffl . - Q, '- ' , ' I A , . www. i. r ,if . A - . .iq v,,x. , i g t g t I i M ' 5 . - 'li fi - f' 3 i i 'fl . , , i K -fi i 24 l f F u -L J. l i For the first time in over 100 years, Texas has a Republican gover- l nor. Dallasite and wealthy businessman William P. Clements won in Q his hard-fought election battle against Democratic candidate John sure Hill to assume the state's highest political office. While working to 'E
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Page 11 text:
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DALLAS TIMES HERALD, Sunday., lune 10, 1979 er fo PEC price-gouging mer Secretary ot' the Air Force. pro pose a 33100 billion. gt-net-iimeiit-it. nanced effort to create a synthetic oil industry capable of producing 5 million barrels a day. That's equal lo a hit more than hall' the current import lev- el. Their model for a Petroleum llcserve Corporation is the highly successlul World War ll effort that from scratch created a synthetic rubber industry when the Japanese cut us oil iroin most oi' our natural rubber imports. The Cutler-lgnatius-Zuckert plan would have the government linanct- and build synthetic oil plants. to be op- erated or leased hy private companies. The technology is no mystery f- just expensive. Germany, they point oiit. fought the last war' with synthetic oil produced from coal. lt can also be squeczcd out ol' shale. tar sands and farm crops. UA standing capacity to product- 5 iiitlltoii barrels daily lrom indigenous sources. they say. would be ol' incals culablc value to the United States and the tree world --- whether or not this capacity is continuously used. Thus. it OPEC decided to pump more oil. the plants could he shut down. or produc- tion limited. The government, not the private operators, would take tlic risk. lt the cost seems high, the authors ot' the plan point out. 5 million barrels a day til imported oil cost billion it year and the price moves up at tlljliifs whim. X But what si national insurance policy? This nation would no longer be politis t-.tllv econoinieally, and strategically 'vulnei'ol5le to OPEC Under the au- thors' concept. the Petroleum Reserve t'orporation could finance plant con- struction by selling bonds, or through a it indiall tax yielded by decontrol. A high government official told this column that Cutler, Ignatius and Zuck- ert are on the right track. And a va- riety ot hills to do something beyond mere decontrol ot' domestic oil prices is in the congressional hopper. Anderson and some oi' his colleagues. including .James J. .letlords QR-Vt.l co- incidentally have introduced a Fuels Replacement Bill. lt would require re- finers to substitute synthetic oil, alco- hol or other fuels up to 10 per cent ol' their refinery mix by 1987. lt this idea is so sound, .lel't'ords told reporters, you might ask, 'Why liasti't the Department oi Energy sug' gested it ' One DOE spokesman gave me a candid answer that isn't likely to he repeated puhlicly: The DCE consid- ered il. hut hasn't used it hecause the oil companies didn't like it. ' All rings true But the best news tn Qi lone time is that elsewhere in the gov- ernment. and anooiig publicrspirited citizens. ideas that neither the oil com-I panics nor OPEC inay like are being pursued with vigor. - 1979, llte Vlashington Post Ctiniliaiiv molly campaign panel businessmen and politicians . 0 Royal, University of Texas ath- letic director, C Former astronaut Eugene A. Cernan, now a Houston corporation executive, 0 Former Texas secretaries of state Roy R. Barrera of San Antonio and John B. Shepperd of Odessag 0 Dr. George Beto, former head of the Texas Department of Correctionsg 0 Dr. Truman G. Blocker Jr. of Galveston, president emeritus of the University of Texas Medical School: 0 H.E.'Chi1es of Fort Worth, head of the Western Company and a re- cently named North Texas State Uni- vers: ty regentg 9 Herbert J. Frensley of Houston. Brown and Hoot Inc. presidentg 0 CW. Cook of Austin, former General Foods Corporation headg 0 Paul Eggers of Dallas, GOP nominee for governor in 1968 and 1970i 0 Paul N. Howell of Houston, Howell Corp. president, l 0 Ray Hutchison of Dallas, formei Texas GOP chairmang 'Erik Jonsson, former Dallas d T ' I t I A- mayor an exas ns rurnents nc 5,113 Cv head, GALLQNS. o James C. Langdon of Austin T former Railroad Commission chair man: 0Dr. Abner V. McCall, Bayloi University presidentf 0 Byron Nelson of Roanoke, re tired professional golferg 0 Dr. Lorene Rogers, University o Texas president, andy 0 Jere W. Thompson of Dallas Southland Corp. president. . s mann ,,,,,,,,.i.t--ww. ww - ,Ninas arning. 901000 l Y' dntovvd 'G'
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Page 13 text:
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Editorials X Forum Books Tornado loss set at 5221.9 million AUSTIN CAP! - Estimates of the insured dollar loss in Wichita Falls and Vernon areas from the April 10 tornado have been revised upward from S210 million to 5221.9 million, an insurance industry spokesman said Friday. 'Frank Lewis of Dallas, regional manager of Prop- erty Claim Services of the American Insurance As- soc-lation, also said more than 589.4 million has been paid to policy holders by insurance companies. :Lewis said the estimate is for insured losses to auQomobi1es and trucks, schools, churches, communi- M property, mobile homes, dwellings, apartments, commercial and industrial buildings and the con- QLewis said there have been some technical ques- tiofis raised about settlement practices, particularly about additional living expenses. He said homeown- 83: insurance coverage for additional living expenses win vary from 10 to 20 percent of the amount of irisurance on the dwelling. The actual amount de- pends on the policy. flie said more than 24 property and casualty com- and independent adjusting firms have set up special temporary claims offices in Wichita Falls, in addition to regular branch and home offices. More than 247 adjusters have been brought in to help. 5,3 :y::13X3L -- Wichita Falls Times and Record News Photo l 5 fb. 2 '14-I - 2 by Leon Hooten vssued almost an hour beforehand and a second I0 fo I5 minures in advance
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