ustxtxb_obs_1955_08_03_50_00008-00000_000.pdf

Called “Stockholder Profit Sharing Plan”, and available only to ICT Group stockholders, this plan offers: 1.INCOME-PRODUCING INVESTMENT 2.SAVINGS BANK SECURITY 3.LIFE INSURANCE PROTECTION All who participate in the Stockholder Profit Sharing Plan create profit for themselves in two ways: 1.FROM CASH DIVIDENDS PAID ON UNITS OF THE PLAN 2.AS STOCKHOLDERS IN ICT IN-SURANCE COMPANY OR ICT DIS-COUNT CORPORATION, YOU SHARE IN THE PROFITS MADE BY ICT LIFE INSURANCE COMPANY. Page 8 August 3, 1955 THE TEXAS OBSERVER Liberals Seek Issues, Outline Their Wants Gas Bill Passes the House Texans Push Hard, But Final Passage Doubtful HOUSTON If ten speakers here hit the representative themes, Texas liberals want many things, from state officials who will defend Texans’ civil rights to a better climate of freedom to an end to corruption in State Government and the defeat of Allan Shivers. They met, about 150 of them, in Houston last week. They were drawn here by a panel of nine people who reviewed the programs they thought liberals should advance. At the end of the discussion, Ralph Yarborough commented on the comments. Some of the panel members. and one member of the audience, objected to the term, liberal. District Attorney Tom Moore of Waco called the tagging of Democrats as liberals “ridiculous” and said he was more of a conservative, himself. But other members of the panelFranklin Jones and Marie lialpennydefended the term. Bill Cooper of Dallas, president of the Democratic Veterans of Texas, wants a better climate of freedom in Texas and officials in Austin concerned “about the possibility of a Texan losing a civil right rather than about some of us gaining a few.” He doesn’t like “an Attorney General who rides off on his black horse to Georgia, appealing to the Ku Klux Klan mind for support.” A Baylor University professor of speech, Dr. Chloe Armstrong, decried popular feeling against working people, teachers, small businessmen. and professional people, and said teachers should not be afraid of union activities. She also hoped that “special-interest control of the avenues of communication” could be broken down in ‘”^xas and that the day might come ..len “helping your fellow man, ,thether in old age, mental illness, housing,” would not be called welfare statism or socialism. Corruption A Faith’ Dr. W. H. Bryant, Tyler oil milionaire, said that Democrats should strive for a better balanced economy in which wages and salaries are higher as a means of increasing the volume of sales. And, he said, “we should stop making corruption a faith.” He charged national Republicans with a giveaway program of public utilities and oil, mining, and lumber rights. The GOP, he said, is “giving away business opportunities as payment for campaign contributions.” Mrs. Marie Halpenny of San Antonio asked for a better standard of political morality in Texas, enforced by a party preference bill, Rep. Maury Maverick’s lobbyist registration bill, and prohibition of the acceptance of legal fees by legislators. She said liberals in politics should not trim their convictions to the prevailing winds. And she expressed hope that other liberal groups in Texas would open their meetings to the press. \(The Demo WASHINGTON Mrs. Oveta Culp Hobby opposed increased social security benefits for women, dependent children, and the disabled in her last appearance before Congress as Secretary of Health, Education, and Welfare. Her last day in the Government ‘he tearfully accepted a gift from le President and the Cabinet. She appeared before the Senate Finance Committee and warned hat the social security system ould lose its attractiveness, espe’ally for the self-employed, if ;ts were increased “without the -t careful evaluation of the ‘fits they confer.” e bill she was opposing passed rouse by a vote of 372 to 31. It lower the age at which social payments start from 65 to ives, widows, and working cratic Advisory Council bars the press. The State Democratic Executive Committee, the pro-Shivers group, held an executive session after a press-covered public meetMoore said he is a Democrat because of that party’s belief in the dignity of the individual, equality of man, and the greatest good for “the greatest number of folks.” He mentioned. among Texas needs, solution of problems in taxation, education. soil and water conservation, public health and welfare, law enforcement, and the prison and parole system, and observed that “we don’t have these things” because of “the monstrous machine which controls Texas and paralyzes progress, fed on dollar billsand don’t let ’em have the serial numbers,” the “controlled press,” and lobbyists NArho “control all legislation.” Mrs. Palma Frick of Floresville1 said Democrats should regain moral leadership. She asked for a renewal of political integrity and common honesty. No Sacrifice of Groups Jones spoke largely of the kind of leader liberals need. “Let’s see that he or she is sincere and not seeking pure political advantage,” Jones said. “Labor’s been kicked around Texas long enough, and we’re coming to the end of that road.” Some people became leaders by holding themselves above that issue, he said, and “we need a leader who will not sacrifice any group. We don’t want a leader who has to take a Gallup poll to see what he stands for.” Mrs. Jim Bybee of Bonham said moral integrity is uppermost in liberals’ minds. She wanted an educational program and lots of work to win t h e precinct conventions. Roger Daley of Houston urged liberals to take up the cause of legislative and congressional redistricting in the Legislature. In questioning, abolition of the poll tax and the need for research came up. Jones quoted a comment of Eric Sevareid’s: “The enemy is ignorance.” Yarborough agreed that no group should be sacrificed “Catholic, Protestant, Jew, white, Negro, Spanish-speaking, a n d Englishspeaking, union and non-union, farmers, barbers, doctors.” He said the land scandal, the letting of 64 out of 129 state printing contracts to the Mission Times, and economic pressure against his supporters last summer are symptoms of a corrupt machine. He said an effort was made to “pay off” his campaign managers last summer with up to $5,000 each, and none of them defected. He deprecated sales taxes, advocated old age pensions, paid probation and parole officers, an active Youth Development Council, and “Adlai Stevenson for President of the United States.” The meeting was sponsored by the Texas State Democratic Wom en’s Committee; hosts were the Harris County Democratic Women. RD Special to The Texas Observer WASHINGTON Texas and other “gas-state Congressmen” have succeeded in pushing through the House a bill exempting 4,000 natural gas producers from Federal Power Commission regulation, but Senate action this session is out of the question in spite of urging from Senator Lyndon Johnson. The House adopted, 209 to 203, the Harris bill to exempt natural gas producers from direct federal control. Speaker Sam Rayburn of Texas spoke in favor of taking it up, saying, “Let’s have the courage to vote it up or down.” He and the rest of the Texas delegation are “solid” for the bill, of course. Some opponents threatened to filibuster the bill in the Senate. Before the House vote, Johnson asked fellow senators to take it up. This is said to have irked Rayburn, who planned for the House to pass it before the Senate took it up. No one expected Senate action before adjournment this week, but Johnson intends to make the bill 111 GROUP hicioc the first order of business next session. Johnson worked hard on senatorial colleagues visiting him in his hospital room. Acting Senate majority leader Earle Clements of Kentucky, who is unenthusiastic about the bill because of some constituents’ feelings that it will raise living costs, was afraid Johnson might suffer a relapse. Senator Price Daniel wrote Clements asking for immediate consideration, but Clements said he had “absolutely no reaction.” The bill was passed in the House by 123 Republicans and 86 Democrats. Opposition came from 136 Democrats and 67 Republicans. The bill permits the FPC to retain authority over new producerpipeline sales contracts and over contracts that provide for unspecified automatic price mark ups. Furthermore, pipelines can charge off gas they buy only if it is obtained at “a reasonable market price” as determined by the FPC. The Phillips decision of the Supreme Court last year held that Congress intended for the FPC to exercise direct regulatory power over gas producers. The FPC has said for 16 years that this was not the case. Texans here argue that if the FPC can regulate the pric of gas. they can regulate the price of oil, automobiles, and so on. There is no contest over the federal regulatory power over interstate transmission of the gas. The fight is over regulation of the gas producers at “the well head.” Congressman Wright Patman of Texarkana emphasizes that Texas producers get only four to ten percent of the price to the consumer. He says that when the gas reaches the city limits of New York, its value is 70 cents, but that it is delivered at $2.04, so that “most of the profit is made in the distribution inside the city limits :” US Rep. Jack Brooks, Beaumont, points out that the President promised to do something about this legislation, “but he has never done anything to helphe has made no forthright stand for it.” The Texas delegation maintains that federal regulation will discourage exploration for new gas fields, that this will reduce the supply of gas, and that such a reduction will eventually cause the price of .gas to rise. Opponents argue that the absence of federal regulation will cause the price of gas to be higher than it would otherwise. Mrs. Hobby Leaves the Cabinet Opposing More Social Security women and from 65 to 50 for permanently a n d totally disabled workers, and it would extend payments to disabled children past their sixteenth year, when they are now stopped. The social security tax of four per cent \(two percent for the employee and the employand be hiked to nine percent in 20 years, always divided fifty-fifty. Mrs. Hobby urged a full inquiry before action; said the Administration had not had time to make a detailed analysis; and said more opinions should be sought from people outside the government. She resigned her post, stating that she wished to return to Houston because her husband, former Texas Governor W. P. Hobby, is seriously ill. She will assume the presidency of the Houston Post. REMEMBER, STOCKHOLDER PROFIT SHARING PLAN IS FOR ICT STOCKHOLDERS ONLYI LIFE INSURANCE COMPANY ICT Building, Dallas ICT Gentlemen: A vitally important message to all /CT Group stockholders YOU ARE ENTITLED TO PARTICIPATE IN THE NEW STOCKHOLDER. PROFIT SHARING PLAN After many months of hard work and careful study, The ICT Life Insurance Company is ready to announce an exclusive personal benefit plan for ICT Group stockholders only! If you are an ICT Group stockholder, Home Office Representatives will soon be calling on you to fully explain your rights under the Plan and show you how to exercise them. For your own benefit and profit, give these Representatives an opportunity to point out the many exclusive advantages the Plan offers. Many of you may want to have the Plan explained in detail to you before a Home Office Representative has the chance to contact you personally. Below is a coupon to be filled out and mailed if you would like to have complete facts on the Plan as soon as possible. INA ………………. VIM 111 ISE MI 1.11.1 ME NM /ENO I understand the Stockholder Profit Sharing Plan offer& me as an ICT Group stockholder many exclusive,unprecedented benefits. I want to be among the first ICT stockholders to hear all about the Plan and receive my Allotment Certificate. So, please have a Home,Office Representative call on me as soon as possible. Name Address City State