Sapulpa Daily Herald (Sapulpa, Okla.), Vol. 76, No. 94, Ed. 1 Tuesday, January 2, 1990 Page: 4 of 8
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PAGE FOUR—Sapulpa (Okla.) Herald, Tuesday, January 2, 1990
Some say
let’s leave
El Salvador
OPINION
Today in History
In Lady Macbeth's anguished effort
to cleanse her symbolically murder-
ous hands, she commands, ‘Out,
damned spot. out. I say.” And nothing
happens. Words are impotent instru-
ments against the guilt that consumes
her.
A gathering storm of Americans
want their government's damnable
support out of El Salvador. They can
neither forget nor shrug off the Cris-
tiani government's barbaric complic-
ity in the Nov. 16 assassination of six
Jesuit priests, their cook and the
cook's daughter
El Salvador is ruled by a U S pup-
pet. Alfredo Cristiani. Many Ameri-
cans find it impossible to believe that
fa) his government cannot find the
Nov 16 butchers, and (b) his govern-
ment is unable to bring to justice the
death squadron responsible for this
religious persecution
But the Cristiani government con-
tinues to survive for only one reason,
the identical reason that keeps the
contra rebels in Nicaragua in busi-
ness U S aid in some form Aid to any
country or group of rebels fighting
communism is the ideological staple
of the Reagan-Bush doctrine But the
doctrine doesn t demand consistency,
only amorality It can flip-flop and
extend affectionate overtures to the
student-purging People s Republic of
China, while failing to support demo-
cratic reform in South Africa.
That's because the Reagan-Bush
doctrine is always more comfortable
lying in bed with a fawning tyrant
than arguing across a backyard fence
with an independent freedom-lover
In Central America, the Reagan-Bush
doctrine continues to step to an anti-
communist drummer's music that is
heard by a diminishing number of
Americans
Instead, more and more American
church groups are hearing the same
hymn. “I'm on the battlefield for my
Lord” Lutheran and Catholic
churches in Minneapolis have helped
to mobilize religious groups to protest
US. aid to El Salvador A hunger
strike that began on Thanksgiving in
the Catholic Cathedral of St. Paul re-
cently ended with a rally attended by
3,000, including Minnesota s gover-
nor. Rudy Perpich
Other church groups across the
country are stepping up protests
against U S aid to El Salvador They
are demonstrations of unity with
Catholic churches in El Salvador,
which have turned increasingly to a
liberation theology
The concept of “liberation theol-
ogy" almost seems like a reduncancy
in light of the liberating gospel that
Christ preached to “the poor and the
brokenhearted" The poor and the
broken-hearted continue to multiply
This is why El Salvador’s President
Cristiani views the church as a poten-
tially dangerous instrument for liber-
ation, why his troops assassinated the
Jesuit priests and why they arrested
and deported a Connecticut woman,
Jennifer Casolo, on the patently ab-
surd charge of stashing an arms cache
on her rented property in San
Salvador
The real reason Casolo was arrest-
ed was because she worked for Chris-
tian Education Seminars, which orga-
nizes tours of El Salvador for
Americans to learn about the civil
war The real reason the judge re-
leased her for insufficient evidence
only five days after ordering her held
on that same evidence is that the Cris-
tiani government views her release as
a tradeoff for the unsolved Nov 16 re-
ligious massacres
Meanwhile, a diplomatically cata-
tonic George Bush continues to suck
his presidential thumb in “golly gee"
wonderment, serenely oblivious to the
ferment of change in Central
America
After the loss of 70 000 lives in El
Salvador's 10-year civil war, that re-
ality of change is reflected in the call
by the five Central American presi-
dents for a cease-fire
Six Jesuit priests gave their lives
for this new peace initiative It can
only succeed if both the United States
and Soviet Union follow Lady Mac-
beth s advice and get out, out of El
Salvador
Americans won the cold war
By The Associated Press
Today is Tuesday, Jan. 2 the second
day of 1990. There are 363 days left in
the year.
Today’s highlight in history:
On Jan. 2, 1900, Secretary of State
John Hay announced the "Open Door
Policy” to facilitate trade with China.
On this date:
In 1788, Georgia became the fourth
state to ratify the U.S. Constitution.
In 1921, religious services were
broadcast for the first time as KDKA
in Pittsburgh aired the regular Sunday
service of the city’s Calvary Episcopal
Church.
In 1929, the United States and
Canada reached an agreement on joint
action to preserve Niagara Falls.
In 1935, Bruno Hauptmann went on
trial in Remington, N.J., on charges of
kidnapping and murdering the infant
son of aviator Charles A. Lindbergh.
(Hauptmann was found guilty, and
executed.)
In 1939, Time magazine named
German chancellor Adolf Hitler its
"Man of the Year."
In 1942, the Philippine capital of
Manila was captured by the Japanese
in the early days of the Pacific war.
In 1960, Sen. John F. Kennedy of
Massachusetts announced his candi-
dacy for the Democratic presidential
nomination.
In 1965, the New York Jets signed
University of Alabama quarterback
Joe Namath for a reported $400,000.
In 1974, President Nixon signed
L.M. Boyd
Let us say a word about the folks
who brought us the Maltese spectacu-
lar and the end of the Cold War They
shaped the modern world. They may
keep on doing it.
Who did it’ Americans, that’s who
For almost half a century they ponied
up both the bucks and the votes to lead
an alliance to success in the effort to
keep the Soviets in their pen until they
finally came to their senses
What do those successful Ameri-
cans think about things now’’ Ameri-
cans are bored And cautious, hopeful,
ready to help, and ready to do busi-
ness They are also damn proud
Americans don't know it yet, but they
are going to get an unexpected bonus
from all of this.
Bored0 Of course When things are
going well people in democracies are
bored by public affairs, perhaps prop-
erly so Accordingly, the television
programming about the incredible
political events in Eastern Europe
have not drawn big ratings. Poland.
Then Hungary, East Germany, and
Czechoslovakia. Enough already
Message received, Americans are
saying, and it’s great Now, let's see
some pictures about a kid trapped in a
well, an earthquake, trapped whales,
or those crooked politicians
And cautious. You bet. Americans
are smarter than experts. That’s
clearly revealed in the “public opin-
ion report” section of the forthcoming
wonderful brand new magazine
called ‘The American Enterprise,"
published by the American Enter-
prise Institute. (I work at the Ameri-
can Enterprise Institute. The preced-
ing will be nominated for a Guiness-
level mentioning spasm.)
The collected recent public opinion
surveys (from Gallup. Roper, NBC.
etc.) show that most Americans be-
lieve that Gorbachev is different
from previous Soviet leaders, that he
can be trusted more, that he is more
peacefully inclined, and that he is sin-
cerely trying to open the Soviet eco-
nomic and political systems.
But most Americans also believe
that communism is the worst form of
government They believe that the So-
viet Union is still a major global ac-
tor. potentially aggressive, and that it
might revert to evil ways (Gorba-
chev's Maltese stonewalling on Cen-
tral America offers a hint.) Most
Americans believe that the United
BEN
WATTENBERG
Banks won’t cash in on poor
legislation requiring states to limit
highway speeds to 55 mph.
In 1983, the Broadway musical
"Annie” closed after 2,377
performances.
In 1984, W. Wilson Goode, the son
of a sharecropper, was sworn in as
Philadelphia’s first black mayor.
In 1988, President Reagan and
Canadian Prime Minister Brian
Mulroney signed an agreement lo lift
trade restrictions between their
countries.
Ten years ago: In response to the
Soviet intervention in Afghanistan,
President Jimmy Carter held a day-
long series of meetings and recalled
the U.S. ambassador to Moscow for
consultations.
Five years ago: Japanese Prime
Minister Yasuhiro Nakasone visited
President Reagan in Los Angeles,
where they discussed ways of opening
up Japanese markets to United States
goods.
One year ago: PTL founders Jim
and Tammy Faye Bakkcr returned to
the television pulpit for the first time in
two years, broadcasting from a
borrowed house in Pincvillc, North
Carolina.
Today’s birthdays: Author Isaac
Asimov is 70. Singer Julius LaRosa is
60. Singer Roger Miller is 54. Former
television evangelist Jim Bakkcr is 51.
Thought for today: "It is good to
have an end to journey towards; but it
is the journey that matters, in the end.' ’
— Ursula K. Lc Guin, American
author (1929- ).
States should go very slowly before
drawing down its defense budget
They do not believe that George Bush
has been too slow in responding to
Gorby's dramatic moves.
Americans like Gorbachev a lot
Gorby has learned Reagan's secret: If
you denounce Soviet life and Soviet
policy, people think you're wonderful
Americans, despite their cautious
skepticism, are ready to play in the
new world Foreign aid is almost in-
variably regarded as a bummer by
Americans Yet, today, Americans fa-
vor economic aid to Poland. Hungary
and East Germany
Alas, pollsters don't always ask all
the right questions. The unasked ques-
tion in the surveys is the most impor-
tant one. This Are you proud of what
the United States has done?
But you know the answer It is Yes
OPA-LOCKA. Fla (NEA) - For
residents of this low- to moderate-in-
come Miami suburb, the Check
Cashers of Florida outlet is the finan-
cial equivalent of a neighborhood con-
venience store
The range of services offered by
Check Cashers doesn t match the va-
riety of the stock at the convenience
store, but it's surprisingly broad
Among the items customers can pur-
chase are postage stamps, state lot-
tery tickets, rolled coins, money or-
ders and weekly bus passes
They can have documents photo-
copied. transmitted to another loca-
tion by facsimile machine or certified
by a notary public They can also rent
mailboxes, have their income tax re-
turns prepared, send or receive West-
ern Union money orders and use the
services of the “instant approval cen-
ter" to apply for a Visa credit card.
But what they do most frequently,
as the Check Cashers name suggests,
is cash checks — and that service isn't
much of a bargain Indeed, a small
check of $5 will cost $1.25 to cash.
That’s a 25 percent service charge
The fee for a $10 check is $1.75 or 17 5
percent.
Checks for $100 or more are cashed
for a seemingly modest fee of a little
more than 3 percent — but that can
cost the typical wage-earner a great
deal of money A worker with take-
home pay of $350 weekly or $18,200
yearly will pay Check Cashers $11.75
weekly or more than $600 annually
for its services.
Why don t more people, especially
the poor, have bank accounts that
would save them money when cashing
checks, purchasing money orders and
securing other financial services9
There's a dual answer to that ques-
tion They're often uncomfortable in
dealing with banks they view as pow-
erful. uncaring institutions, and the
banks aren't especially interested in
securing the business of people with
little money
In 1988. the federal General Ac-
counting Office reported that 17 per-
cent of all the country's families
didn't have bank accounts, and more
than half of the families in that cate-
gory had annual incomes of less than
$10,000 The American Association of
Retired Persons says 22 percent of all
adults don't have bank accounts
Some consumer organizations and
members of Congress are pressing for
legislation requiring that commercial
banks and savings and loan associa-
tions offer low-cost checking ac-
counts that could be opened with a $25
deposit and maintained with no mini-
mum balance Depositors could be
charged a "reasonable" service fee
but would be allowed to write 10
checks monthly without paying addi-
tional charges.
“The banking needs of low-income
Americans are being ignored," says
Sen Howard Metzenbaum, D-Ohio.
“Banks have a responsibility to serve
the public... while check-cashing busi-
nesses should not be allowed to thrive
on money from Social Security, dis-
ability and veterans' benefit checks
that belong to the poorest of the
poor"
The nation s estimated 4,000 check-
cashing businesses every year pro-
cess more than 150 million checks
valued at $80 billion to $100 billion
The fees imposed by the largely un-
regulated industry usually range
from 2 to 12 percent per transaction
Banks have driven many people to
check-cashing firms by closing
branches in low-income areas and
eliminating free checking for custom-
ers who maintain low or modest ac-
count balances In the New York area,
some banks require depositors to
maintain a minimum balance of
$3,000 to qualify for free checking
In the Miami area, one bank an-
nounced in a recent newspaper adver-
tisement that “per-check charges are
chewing you up," then offered “an af-
fordable checking account" that al-
lows depositors to write an unlimited
number of checks for a monthly fee of
only $7 Nevertheless, many people
who distrust banks continue to pa-
tronize not only Check Cashers of
Florida but also Check Cashing USA.
FELLY
Ever own a bike? How about a
wagon? If cither, you may know what
a “felly” is? Must admit, I’ve owned
both, but didn’t know. Research reve-
als it’s that part of the wheel rim where
the spokes connect.
If you want to grow something
goats won’t eat, try peppermint. They
hate it. I’m told.
To win a Best Actor Oscar, get Tom
Cruise to play an irksome twerp as
your co-star. Paul Newman did that,
and finally nailed his statuette. For
“The Color of Money.” Dustin Hoff-
man did that, too, and scored. For “The
Rain Man.”
Did I tell you Pope Pius XII was a
good touch typist?
PYRAMID STONES
Translators of ancient tongues have
deciphered inscriptions on certain
blocks of stone transported ages ago to
pyramid sites in Eqypt. They read:
"This end up”
Name of Iceland’s capital, “Reykja-
vik,” means “smoking bay." So called
by Vikings. What they saw thereab-
outs was geothermal steam, but they
knew nothing of that.
LINCOLN’S PARTY
“Which political party put Abe
Lincoln into the presidency?” asks a
client. You say the query is too
elementary? Maybe not. Lincoln won
his first term as a member of the Repu-
blican Party, his second as a Union
Party member. Did the historian in
your family know that?
Among whites in South Africa, the
murder rate has doubled since 1975.
That was when South Africa lifted the
ban on television.
Our Love and War man has filed
under “Misc.” the Nelson Algrcn
dictum: “Never sleep with a woman
whose troubles are worse than your
own.”
Saints’ days were marked in red on
medieval calendars. That’s the
answer. Question was. Why in a “red-
letter day" so called?
First people on earth to eat peanut
butter were South Americans.
Boston law- specifically prohibits
renters there from keeping oyster
shells in their apartments.
RETIRED U
Retired people like to make their
last stands in college towns, evidently.
Most scholarly enclaves have numer-
ous retirees. One is particularly
impressive — Chapel Hill, N.C. Of its
35,000 residents, 11,000 arc retired.
Pritnear a third. Remarkable.
Even a gorilla in the wild has to call
for help sometime, evidently. It does
so by clapping its hands. I’m told.
Q. Why did South Africa ban televi-
sion until 1975?
A. Most available programs were in
English — from Great Britain and the
United States. South African leaders
felt that cultural advantage to English
speakers penalized those who spoke
Afrikaans, the language of the Dutch
descendants.
If you want to lose weight, cat
alone. So suggests a diet doctor.
GUILT
What! You're feeling a little guilty
at the moment? Good. You know what
Theodor Rcik said: “The sense of guilt
is the hallmark of civilized humanity.”
In 14th-century England, each
student graduating to be a schoolmas-
ter received in solemn ceremony his
diploma and a birch rod to cane his
future pupils.
If you’re typical, you’ll spend two
years of your life trying to return tele-
phone calls, a statistician says.
Will Rogers said, “Half our life is
spent trying lo find something to do
with the time we’ve rushed through
life trying to save."
SAPULPA DAILY HERALD
Published By Park Newspaper of Sapulpa,
Inc.
ROY H PARK, Charm an
ts'.abishadSepl V 19'4 and published at 16 S Park, Sapulpa.
Oklahoma 74066. every afternoon eicept Saturday and Sunday
morning Second Class Pottage Paid ai Sapulpa, Oklahoma Post
matter send 3579 B 16 So. Park. Sapulpa, OK 74066
_481920 _
Charles S lake
Joy KorPs .
Kay Moms
Bil Armstrong
Laverna Boyles
Beverfy Moore
Ed Livermore
46
The
Audil
Bureau
Member
General Manager
Advert&ng Manager
Assl Advertising Manager
Mechanical Supewlendert
Ctfculafron Manager
Managing Editor
Put*sher Emenius
0%'
"iWsJ
M
EhecSve OcBbet i
Dekvered by Carnet >i Sapulpa
Rural Route Motor Delivery
By Mail - Creek I
Adjoining Counties per year
Balance Oklahoma
Elsewhere n US A
5 35
5 35
5 67 20
per year 5101 89
per ,eai 5117 55
NOTCE—Subscribers missing Jver papers are teguesled to call
124 5185 before 7pm evenings or before 930 am Sunday
_
Mei 'ber Oklahoma Press Assn . Natonal Newspaper Assn The
Assoc ated Press The Sapulpa Herald assumes no lesponsAMity
■or Be 'etjrn c unsoKnad phofograpr s sicnes or dippnqs
With, newspaper. Ihere s sometimes rtsordsr, without them here
:« always s'avery ’ —fletyamn Consttnl__
Berry's Wor d
■ r, Nf A
“I have GOT to go on a diet — next Monday
— again..."
Keating may have cash hidden overseas
By Robert J. Wagman
LOS ANGELES (NEA) - Accord
ing to sources close to the probe of the
Lincoln Savings and Loan failure, fed-
eral investigators are now looking
into the possibility that its owner.
Charles Keating Jr. may have hidden
millions of dollars in secret foreign
bank accounts.
This follows an accidental discov-
ery by a federal bank examiner work-
ing on a Justice Department anti-
drug task force He had been tracing
wire transfers from U.S savings in-
stitutions to a Panamanian bank be-
lieved to be controlled by Gen Ma-
nuel Noriega
The examiner noticed several
transfers that originated from Keat
mg’s California-based S&L He saw
nothing suspicious about those specif-
ic transfers, but he knew Lincoln's
history So. he passed the information
to regulators in San Francisco This
led to a detailed examination of the
S&L's wire transfers
Some investigators are now said to
believe that Keating and his family —
who face hundreds of millions in per-
sonal lawsuits — may be hiding for-
tunes in foreign banks
The same sources say that some of
the wire transfers led investigators to
a Panamanian company called South-
brook Holdings Although the compa-
ny did not show up on any public cor-
porate records of Keating's American
Continental Corp — Lincoln's parent
company - Southbrook was actually
an ACC subsidiary
These wire transfers represented
money going from Lincoln to ACC's
Panamanian subsidiary But investi-
gators have been unable to learn the
reason for the transfers. Also un-
known is how much money is
involved
So far investigators have traced
over $10 million in transfers from
Lincoln to Southbrook. but the total
could be much higher Given Pana-
ma s strict bank-secrecy laws, how-
ever, cooperation is limited
Federal examiners are also inter-
ested in wire transfers between Lin-
coln and a number of Bahamian
banks Again. Bahamian bank-secre-
cy laws make tracing money very
difficult.
However, investigators have traced
about $20 million from Lincoln that
was transferred to a Bahamian-based
company called Trendinvest Ltd
They believe that, like Southbrook,
this company was also owned by ACC.
or possibly by Keating personally. But
so far they have not been able to trace
the ownership past the lawyers who
incorporated it. nor have they re-
ceived explanations as to why the
funds were transferred
Nor have investigators been able to
completely account for almost $50
million transferred by Lincoln to two
European companies Gesellschaft
Trend Analysen, a Zurich-based cur-
rency-trading company, and Amster-
dam-based D1A Holdings
Lincoln s books show the company
suffered millions in foreign-currency
trading loses. But investigators note
these losses came at a time when the
currency market was stable and such
losses would have been almost impos-
sible According to Lincoln books,
however, that is exactly what
happened
Investigators are trying to learn if
funds paid into currency-trading
companies might have actually
earned profits that were paid out
elsewhere
“We now know that Keating ind
members of his family hold at least
six accounts in foreign banks," one in-
vestigator said “We believe that there
may be many more Most of these
holdings are in countries where ac-
counts are protected by strict secrecy
laws We are going to have some prob-
lems trying to reconstruct these
accounts “
Federal investigators now believe
that over the past four years Keating
and 10 family members — his wife,
son. two daughters, five sons-in-law
and his brother - took more than $34
million out of the two companies in
salary, bonuses and stock options
They also collected millions more on
stock transactions involving ACC
stock Those transactions are now the
subject of an SEC investigation
Keating continues to deny any
wrongdoing and says he will be fully
vindicated His close aides dismiss the
notion that he has hidden assets or
that there is anything sinister about
the foreign transfers They claim the
federal regulators are “too unsophis-
ticated” to understand complex inter-
national business deals
(
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Lake, Charles S. Sapulpa Daily Herald (Sapulpa, Okla.), Vol. 76, No. 94, Ed. 1 Tuesday, January 2, 1990, newspaper, January 2, 1990; Sapulpa, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1498871/m1/4/: accessed April 25, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.