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The Marshall News Messenger from Marshall, Texas • 4
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The Marshall News Messenger from Marshall, Texas • 4

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Marshall, Texas
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4
Extracted Article Text (OCR)

4 VKSKMI vrAvf HnMn tM Red China nearinsf fi nancial windfall Ex-agent says FBI tipped on Oswald hit KSHiV. TON VTt Jm milium vr. im ai rt from iSe t'mted go lo Communis Chin if it claim fceat th wcrW I two itms4 important econom institutions China's wjiI th International Fund ind the World tUnk oocupwd Taiwan, situation that can't continue much kin: it. officials acre However, rather than oust Taian in favor of Peking, the? rr trying to find a way to make room for both "we "do not want to tee Taiwan dumped from thn institutions." a Carter administration official uid Wt mould tike Taman to have some independent status, but nobody has worked out a legal formula yet." The Peking government hasn't made any move to join, although it has declared in the past that Taman is illegally repesenting China One offical who like other authorities quoted here asked to remain anonymous said the pressure from Peking for a change could come in October at the annual joint meeting of the IMF and the World Bank in Yugoslavia, the first time they have met in a Communist country. "They are sort of suggesting there will be Chinese around," said one official.

"If I were looking for a solution to the problem, I look in that direction." The 137 nation IMF and the World Bank distribute billions of dollars each year in aid and loans to underdeveloped member countries. World Bank lending totaled $8.4 billion last year, including $2.3 billion in interest-free loans to the very poorest members. Financial support from the two institutions could be extremely helpful to Peking in carrying out its ambitious development plans. Onr affinal China and it one billion rwrJ would quah'y far td equal to India rweiv. rty $1 billion Utt year, including alwut $1 billion mtereat free loan However, since the bank rwouroe are limited, it would probably mn a cutback in aid to India in future yrrv leaving around $00-700 million for each country, one official calculated.

taxpayers provide about 10 percent of all financing for the arid Bank and the IMF, and S3 percent about $800 million last year -t of th interest free aid The Bank and the IMF make the decisions on how the money should be used. Among reasons they arc reluctant to oust Taiwan is that the Taiwan government still owes a significant amount of money from past loans $250 million to the World Bank and $190 million to the IMF. One institution official suggested Taiwan may have incurred its debts partly to give it leverage against being ejected. Another official said one solution might be for Taiwan to give up its China seat and reapply for membership on some other basis. But he admitted the mechanics of that approach aren't worked out since there is no provision for membership by non-nations.

"It will be one bell of a complex legal problem All kinds of options axe being drafted here and drafted there, but nothing is decided," another said. The official did not want to be identified because the issue is a sensitive one. The decision may be dictated by the United States, which has been the controlling power in both institutions since it spearheaded their establishment after World War II to help run the post-war global economy. One official said the subject may come up in talks that Treasury Secretary W. Michael Blum en thai will hold with Peking leaders during a visit to China later this month.

"TV tnring point fr a devtwon would be an jreMoii of interna by Peking." he said la making their oWtMon. officials will have tn consider the following Only a handful of the IV members of the IMF fewer than still recognize Taiwan A of the major western nations that provide the vast bulk of the financal support recognize Peking The seat occupied by Taiwan is the seat created for China hen the organizations were established in the months following orld ar 11. As long as the single most important member of the IMF, the United States, recognized Taiwan, it made sense from the S. point of view to continue Taiwan's membership But on Jan. 1, the United State switched to Peking A nation must belong to the IMF to qualify for World Bank membership.

But joining would also carry a few strings for Peking. One is that Peking, as any other member, would have to open its economic books to scrutiny by the IMF sort of an international audit and possibly adopt IMF recommendations for changes in its economic policies. There is also the question of whether Peking would assume Taiwan's indebtedness. Taiwan has not receive any loans from the World Bank since 1971, apparently sensitive to its precarious international position and therefore not wanting to encourage any confrontation over its membership. It has made repayments of past loans on schedule.

The two organizations' only communist members are Yugoslavia, Romania, Vietnam, Cambodia and Laos and the last three all took over the memberships held by the former non-communist governments, a precedent that could apply to China. KANSAS CITY', Mo API A former FBI agent who was in Dallas when President John F. Kennedy was says the FBI received an anonymous telephone Up that Le Harvey Oswald would tilled In a copvright storv in Sunday editions of the Kansas City Star, James Hasty Jr said the FBI didn't know helher the caller who predicted Oswald's death as he was being transferred between jails was legitimate. But Dallas police, informed of the threat, ignored it, he hen the police insisted on going ahead with the move we i FBI agents) were ordered to stay completely out of the area. We wanted no part of it, under the circumstances." he said 1 Oswald was later shot to death by Jack Ruby in front of a national television audience as he was being transferred two days after Kennedy was killed.

Hosty, who made the comments in his first lengthy interview granted a reporter, said later that he still has not dropped several "bombshells" that would shed new light on the "I don't want to comment," the former agent said Sunday. "Until the House Assassination Committee's full report is in next month, I don't want to say anything." Even then, he said, hether he talks will depend on what the committee says in the report Clarence M. Kelley, former FBI director who also lives in Kansas City, said he had no idea what Hosty's other information might be. "Speculation has been then it might lead to some conspiracy," Kelley said. "But I've never known of anything to indicate it was a conspiracy." Hosty was assigned to investigate Oswald before the assassination, because Oswald had a Russian-born wife, had traveled to the Soviet Union and had worked with a group sympathetic to the Castro government in Cuba.

That investigation was later criticized by the Warren Commission investigating the assassination and Hosty was suspended for a month without pay by then-FBI director J. Edgar Hoover. He was then transferred to Kansas City, where he worked for the bureau until his retirement last month. More recently, the House Assassination Committee concluded the investigation of Oswald conducted." Hosty said he found nothing in his probe that indicated Oswald posed a danger to Kennedy. "There was no hint of violence in his background, and, if anything, he showed a tendency toward pacifism," Hosty said.

The interview with the Star was the first lengthy session Hosty had consented to with a reporter. 'Justice' assailed in abuse case Woman put children out in cold as lesson, convicted later unfortunate judgment. It seems it could have been handled anotherway." It all started when Mrs Benjamin took a wrong turn at Wichita on the way back to Colorado from Tulsa, where she and six of her children were visiting her two married daughters. Another child, who is mentally retarded, is institutionalized. She said she put the misbehaving children out of the car near Strong City along U.S.

50 to impress on them the importance of being quiet when they were told to. Mrs. Benjamin said she planned to come back for them immediately, but when she did. Chase County Sheriff Buf ord Pringle had found the children first. The children weren't wearing coats, two didn't have shoes on, the temperature was in the teens and it was sleeting, he testified.

Three counts of felonious child abuse originally filed were rejected by the jury in favor of the lesser, misdemeanor charges. COTTONWOOD FALLS, Kan. (AP) It was "small-town justice" that landed Zelma Benjamin, a 50-year-old mother of nine, in jail to await sentencing for endangering the lives of three of her children, she says. The Canon City, woman was convicted by a Chase County jury Friday for telling three of her children ages 7, 9 and 13 to get out of the car and walk while on a trip home last December. It was a verdict Mrs.

Benjamin said she expected. "Different things are child abuse to some people," she said. "You can't spank your kids anymore child abuse. What are you to do?" The court-appointed attorney who defended her, Rob Symonds, said his client was victimized. "If she was a victim of small-town justice, it was that she got arrested for this at all," he said.

"I feel sorry for Mrs. Benjamin. It seems like she has paid a lot already for a few moments of Connally says 'get tough' with Japan Presidential hopeful says balance of trade hurts United States too much PWIl lHll of Japan, 'Look, friend, you've captured 35 percent of the automobile market on the West Coast but unless we see more beef and more American agricultural commodities on the plates in Japan, you better be prepared to eat out of your cars, because there's going to be more of them over Connally, a wealthy Texas attorney and rancher, told the crowd in rural northwest Ohio that he does not endorse price supports for farmers equaling too percent of parity, which is what the American Agricultural Movement is lobbying for in Washington. But he commended farmers who paraded their tractors to the ARCHBOLD, Ohio (AP) Former Texas Gov. John B.

Connally has suggested that the.U.S. adopt a get-tough economic policy toward Japan and the European Common Market Connally, who is seeking the 1980 Republican presidential nomination, told those attending a Lincoln Day dinner Saturday that imports of goods from those nations should be strictly limited until their restrictions on American agricultural product are "We're going to have to penetrate that market," Connally said. "It's not all that difficult. All we have to do is say to the premier nation's capital tor then courage. He said his plan to open foreign markets to all American agricultural goods, not just those selected by foreign governments, would satisfy the needs of American agriculture.

Connally also suggested the U.S. should get tough toward Soviet aggression, which he said is threatening to grab control of 50 percent of the world's oil supply by controlling the entrances to the Red Sea and eventually the Mediterranean. He said Russia's use of Cuban troops in South Yemen, Angola and Ethiopia should not be condoned. Jupiter portrait Snowmobiler survives night on ice after the snowmobiles carrying Burbach, his wife, Mary, and five other people became stuck in soft ice. Burbach, 59, was hospitalized in stable condition with frostbite.

His companions also were treated for frostbite. They said they left a Sturgeon Bay tavern about Saturday, Intending to cross pack ice to Snake Island where Burbach has a vacation dwelling. "The machines sank about two feet into the slush," Bur-bach said. "We tried to pull them out, but it was no use. His wife and the five companions walked to shore for help, leaving Burbach with the snowmobiles' motors running to keep him warm.

The temperature dropped to 6 degrees below zero. STURGEON AY, Wis. AP A Milwaukee man with a wooden leg was stranded for seven hour In the dark and tub-zero cold after a snowmobile expedition bogged down in slushy ice on Lake Michigan and his companions set off to hike four miles to shore. "I thought I was going to die. That's all I thought about all night long," Richard Burbach said from hit hospital room Sunday.

"I didn't think they would make it to shore," he said. "But 'when I saw that (search) plane circling, I knew they had." A Coast Guard helicopter from Traverse City, arrived about 8:30 ajn. Sunday, approximately seven hours "We all knew that someone had to go for help, so I told them to go because 1 have a wooden leg and I wouldn't have been any use to them," he said. The hikers alerted Door County officials who notified the Coast Guard. Guardsmen had to carry Burbach to their helicopter after they located him.

Burbach said he was kept alive by a fire that burned two -hours when a snowmobile fuel tank exploded "I don't know why" and by his familiarity with winter. "For 32 years, I've worked on construction and driven a cement truck," he said. "I got used to the cold during that time, and that's what helped save me." Bentsen puts mind on line for money This photo of Jupiter, made by Voyager I on Feb. 1 from 20 million miles, shows objects as small as 375 miles across. Scientists can see different colors in clouds that swirl around the Gread Red Spot, bottom center, indicating varying altitudes.

Interest pay varies according to source By THE ASSOCIATED PRESS Where you borrow and the way the interest is figured can sometimes be as important as what you borrow when it comes to figuring out how much interest you will pay. Determining finance charges isn't easy. Even banks can make mistakes. The office of the comptroller of the currency recently announced that hundreds of banks made errors in calculating the annual percentage rate on loans and will have to give refunds to borrowers. The Truth in Lending Law, enacted in 1969 and now under review, requires lenders to tell you two things the finance charge and the annual percentage rate.

The finance charge is the total dollar amount you pay to use someone else's money. It includes interest and other fees, such as service charges or insurance premiums. Suppose, for example, you borrow $100. The interest is $7 and the basic service fee is $1. The finance charge is $8.

The annual percentage rate sometimes called the APR is the relative cost of credit on a yearly basis. Take that $100 with an $8 finance charge. If you borrow the money today, keep it for an entire year and then repay it, the APR is 8 percent. Most loans, however, are paid off in installments. Suppose you repay the $108 in 12 monthly installments of $9 each.

As time goes by, you get to use less and less of the $100. The average amount of money you owe during the course of the year is less than $100; the annual percentage rate, therefore, is higher than 8 percent. If you use open-end or revolving credit like bank charge cards, you should learn whether the creditor calculates interest on the adjusted balance, the previous balance or the average daily balance. The amount of interest you pay can vary, even if the rate is the same. Here's how it works: Assume you have an outstanding balance of $400 on an account with a monthly interest charge of 14 percent.

(That's the maximum allowed by law in most places.) You make a $300 payment on the 15th day of a 30-day billing period. If the creditor uses the previous balance method, you will be charged interest on the entire $400. The one-month interest charge will be $6. lawmaker served in the same capacity last year during the session held In Washington. No roll-call votes have emerged from the new 96th Congress.

Rep. Charles Wilson has introduced legislation requiring a $2.28 billion slash in- federal revenue-sharing funds. "The people of East Texas are echoing the whole nation when they call for cutting federal spending and easing inflation," said Wilson. "Not a single state Is expected to have a deficit in fiscal 1980," added the Lufkin Democrat. "There Is no reason for the federal government, which is deeply In debt, to give money to states which have more money than they can spend." When Bentsen Introduced similar legislation In the Senate two weeks ago, the National Governors' Association took exception.

"The fiscal problems of the federal government, with its $532 billion projected 1980 budget, have not been caused by the $2 billion state revenue-sharing program," said Vermont Gov. Richard Snelling. "Rather, the problems are caused by the Inability of congress to control hundreds of billions of dollars in narrow, categorical grant programs, each supported by special-interest groups and federal bureaucracies." WASHINGTON (AP) Texas delegation note: Sen. Lloyd Bentsen put his intellect on the line later this week when he joins two other Democratic senators on quiz show. The three Democrats will try to beat a panel of three Republican senator and three reporter to the punch in answering questions on an "If Academic Celebrity Special" to raise money for abused children.

Bentsen 's team includes Sen. Daniel Patrick Moynlhan of New York and Alan Cranston of California. The Republican pride rides on Sen. S.I. Kayakawa of California, H.J.

Heinz III of Pennsylvania and Lowell Welcker of Connecticut. The media will be represented by NBC's Jessica Savltch, columnist Art Buchwald and The Washington Post' David Broder. The first team answering a question correctly receive point which will be converted to dollars by a food store chain will all money donated to the Child Abuse Fund. The pro gam will be taped Thursday night for airing during the spring. Rep.

E. "Kika" de la Garza has been named by House Speaker Thomas P. "Tip" O' Neill to chair the United States delegation to the next meeting of the U.S.-Mexico Iterparllamentary Conference tentatively set for May In Mexico. The Rio Grande Valley Revenue sharing was also mentioned in a letter Rep. Jim Collins sent to President Carter.

The Dallas Republican took strong exception with the administration's plan to give New York City between $20 million to $35 million in federal aid. Collins claimed that "New York City gets $929.22 per resident per year in revenue-sharing dollars, that is the highest in the United States 17 times more dollars per capita than Dallas, Houston and San Antonio receive." Suspects in death of policeman caught BOSSIER CITY, La. (AP) Texas law officers were here today to bring back two men accused of shooting to death a policeman in a Fort Worth suburb six days ago. The suspects were captured in this northwestern Louisiana city' 5inday alter they went to a friend' home for assistance, police said. They did not resist capture.

A police spokesman said Jimmy Loyd Mead, 36, and Donald Ray Cagle, 21, waived extradition back to Texas. Deputies from the Tarrant County sheriff of flee left Sunday afternoon en route to Bossier City to take custody of the prisoners. i Bossier City officials said the Texas deputies would probablv return to Fort Worth later today. The two men were arrested on warrants accusing them of the shooting death of police officer James Michael Carpenter, 25 of Crowley, whose body was found Tuesday slumped in the front seat of his patrol car. Officers said Carpenter was killed apparently after stopping the suspect In a residential neighborhood In the Fort Worth suburb He had radioed In some information on the pair before he was shot, and his last radio call said one" of the suspects was In the patrol car with him.

Search for marijuana bombs resumes may have kicked it out to avoid detection," he said. The state trooper said the search was concentrated in the counties of McMullen, Live Oak and Jim Wells. "All local sheriff officers and police in those coiunties along with officers out of Nueces County and Duval County, DPS officers, Customs officers, Drug Enforcement Administration officers they're all looking. They're on foot, horseback, in cars and aircraft." The five men arrested in the case were charged in federal altitudes from Corpus Christi to Cotulla, dropping burlap bags filled with from 50 toSO pounds of marijuana each. Rancher and farmers checking their livestock after a cold front passed through the area Friday found most of the bundles.

"It's high grade stuff. Each burlap bag contain two Purina Feed Chow sacks full of marijuana," Altman said. "U.S. Customs had two aircraft In the air following the DC-4, and when the suspects' plane landed in Cotulla, a Customs aircraft landed right behind it" at about 1 a.m. Friday, Altman said.

Authorities arrested the two men on the DC-4 and nabbed three other suspect accused In the smuggling attempt at a secret landing strip In Duval County which had been under surveillance for about a week. Altman uid there were "several theories" as to wny ine marijuana was dumped. "The aircraft was low on fuel. They could have been trying to conserve fuel. They knew they were going to hare to land at a commercial airport instead of the clandestine airstrip, and they More than 100 officers pressed a manhunt for Mead and Canle COTULLA, Texas (AP) Law officers riding horses, squad cars, helicopters and on foot fanned out across the brushy plains between here and the coast Sunday, hunting bales of high-grade marijuana dumped from an airplane piloted by accused smugglers.

An estimated 5.000 pounds of the Colombian weed are believed scattered along the 120-mile route across southern Texas. "We just we hope we get to it before too much of it gets away," said Sgt. Phil Altman of the Texas Department of Public Safety narcotics division, who said the search was ordered to continue today. "Anybody caught with any of this marijuana had better be headed for the nearest law enforcement office," he said. Altman said two persons have already been caught trying to take some of the contraband and were jailed in George West County on trespassing charges.

He said 4,500 to 5,000 pounds of the marijuana have already been gathered since the Colombian-registered DC-4 flew at low cour ib wiui conspiracy ui pussess marijuana wiui me inieni 10 TinMMnu 7 '-ft'e distribute. Brett KimberliHTalso known as Chris Columbus E. hini.u uMiiom u.r, ,0 8 "-vearold man was abducted from a church meetlm robbed. The victim's stolen car was seen later In Tyler and th kjiiifiv. wi iiiumiwviia ti iiiiuiii wvwiiiaii, Ul aOlUII, VlliV, and Luis Frank Sial, 36, of Edinburg, Texas; were in the Nueces County jail in Corpus Christi Sunday night.

Kimberlin was being held on bond, and Bowman and Sial on $50,000 bond each. Richard Curry, 35, of Nakomis, and George Ralph Greene, 27, of Remington, were being held in the Webb County jail in Laredo under $50,000 bond each. 3can.il IIA.U3CU Ul E.831 1CXHS BnU LOUlSUnB. Bossier City police said the two suspects went to a subdivision where a friend of Cagle's lived, but the friend was not home and his mother recognized Cagle and called police. Neither offered resistance when captured about 11 a.m.

near the home the oollm spokesman said..

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