Chickasha Daily Express (Chickasha, Okla.), Vol. 95, No. 134, Ed. 1 Thursday, June 5, 1986 Page: 4 of 12
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TF
—FOUR
THE CHICKASHA DAILY EXPRESS, Thursday, June 5,1986
Business Today
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Washington Window
ACROSS
Answer to Previous Puzzle
May 5, 1986
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18 Author Fleming 17 Mrs., in Madrid
Soren
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ie
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Berry's World
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(c)1986 by NE A. Inc
0218
Chirkasha Baily Exprrss
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H.S. Caldwell, Press Room Supervisor
c-
PASSAGEWAY!
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Mar
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Brenda Haney, Adv. Mgr.
JoAn Wyatt, Prod. Supervisor
Julie Thompson, Spotlight Editor
Rex Voyles, Circ . Mgr.
Rick Lomenick, Mgn. Editor
Brenda Baker, Offic e Manager
JACK ANDERSON and JOSEPH SPEAR
WASHINGTON MERRY-GO-ROUND
RI
ba
to
Bi
th
Ja
Ri
Donald W. Reynolds, President
terry Quinn, General Manager
R
O
D
E
44 Discharges
46 Placed
48 Small particle
49 Distribute
50 American
soldiers
51 Over there
52 Eternally (abbr.)
0
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1 Artery
6 Deny
12 Anes-
thetic
13 Spruce up
14 Baltimore bird
15 Regal fur
16 African feline
E
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1 Antenna
2 Indolent
3 River in Europe
4 Distant (pref.)
P
A
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Today is the first
day of National Pho-
to Week it is the
125th day of 1966
and the 47th day of
spring
5 Greek deity
6 Compass point
7 Uncanny
8 Explorer Vasco
da____
9 Feeling prickly
10 Number
11 Chemical suffix
14 Genus of olive
trees
N
E
A
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S
s
E
A
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33 Long fish
34 Old
38 Unit of light
39 Pronunciation
mark
40 Compliment
41 Sponsored
43 Paw
R
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A
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A
I UMM... I WAS
" WITH THE
} RESISTANCE.
THAT’S IT!
THE RESISTANCE.
(abbr.)
21 Give voice to
23 Honey (Let.)
24 Chinese
philosophy
26 Cooling device
27 Outer
28 Neval address
(abbr.)
29 1550, Roman
31 Actress Hagen
32 Football league
(abbr.)
TODAY’S HISTORY: Amy Johnson,
the first woman to successfully fly solo
from England to Australia, began her
flight on this day in 1930. She reached
Australia 23 days later
TODAY’S BIRTHDAYS: Muhammad
(570); Soren Kierkegaard (1813); Karl
Marx (1818).
TODAY’S QUOTE: "Life can only be
understood backwards; but it must be
In t
ate
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19 Facilitate
20 Emblem of grief
22 Universal time
(abbr.)
25 Beer's kin
26 Performance
28 Insect
29 Nickname for a
Scot
30 Gum tree
32 is not obliged
to (cont.)
35 WWII eree
36 Cut down
(a tree)
37 Guam seaport
39 Speed measure
(abbr.)
42 College degree
(abbr.)
43 Layer
44 Bus token
45 Highest note
47 Leftist
50 Whirl
53 Tropical
54 Crystalline gem
55 Margarines
56 Jimmy ('The
Greek”)_____
57 Intermediete
(law)
DOWN
A
p
A
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YoU GET olD
anp Forget
You WERE
A NAZI
YoU KNoW ABoUT ALZHEIMER’S DISEASE. Now A
FRIGHTENING NEW AFFLICTION HAS BEEN DISCoVERED
A
E
R
A
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D
Oklahoma, Louisiana, New
Mexico, California, Kansas, Il-
linois, Pennsylvania and Mis-
sissippi, farmers and ranchers
who get royalty income stand to
lose a great deal if oil prices keep
falling becasue all these pav-
ments are based on a percentage
of production from oil wells. ”
Stafford said the typical roy-
alty payment is about 12.5 per-
cent of the price of one barrel of
oil. He said the royalty income
currently averages about $200 a
month.
“For most dryland farming,
the combination of petroleum
products, natural gas and elec-
tricity accounts for about 10 per-
cent of the cash expenses and
about 20 to 30 percent for irri-
gated farming,” Dunstan said.
“Energy is also used in the pro-
duction of agriculture chemicals
and the price of chemicals also
will decline.”
In irrigated crop land common
to most Western States, the price
decline will be a boon as they can
save as much as 20 percent of
their total cash expenses, Dun-
Principal gases in the earth's atmo-
sphere are nitrogen (78 percent), oxy-
gen (21 percent) and argon (1
percent).
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Kierkegaard.
TODAY’S MOON: Between f
last quarter (April 30) and G
new moon (May 8). “W
TODAY'S TRIVIA: Muhammad found-
ed Islam in what Arabian city? (a) Mec-
ca (b) Medina (c) Jidda
TODAY'S BARBS
BY PHIL PASTORET
Making paperclip chains has gone high
tech. Now, the trick is to see how many
clips from a magnetic dispenser will
cling together.
Doughnut: A miser
TODAY’S TRIVIA ANSWER: (b) Islam
was founded in 622 in Medina, on the
Arabian peninsula.
©1986, NEWSPAPER ENTERPRISE ASSN
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LOCALLY OPERATED MEMBER
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. IN AUSTRIA.
WALDHEIMR’S DISEASE
ByHELENTHOMAS
United Press International
WASHINGTON (UPI) -
President Reagan is taking a
calculated risk in threatening to
tear up the Strategic Arms Limi-
tation Treaty, commonly called
SALT 2, arousing consternation
among the allies, the Soviets and
arms control advocates.
Once the treaty is scrapped,
the genie will be out of the bottle
and will lead to the inevitable
renunciation of other pacts, such
as the 1972 antiballistic missile
treaty.
In some ways, Reagan has
come full circle. During the 1980
presidential campaign, he des-
cribed the U.S.-Soviet accord as
“fatally flawed.” He has always
taken a dim view of any agree-
ment with the Kremlin, saying
the Soviets “cheat... and lie.”
But while seeking the White
House, Reagan learned about
midway in his campaign that his
anti-arms control stance and
push for weapons superiority
was falling like a lead balloon.
Faced with those facts, he
switched gears to regain lost
ground and delivered a televised
address in which he spoke of par-
ity of arms with the Soviet Union.
When he came into office he
pledged that he would abide by
the unratified SALT 2 agreement
if the Soviets did not undercut it.
Under the treaty, Reagan bought
time and spent over a trillion dol-
lars to build up the nation’s mili-
taryestablishment.
He basically ignored arms
Thought
A thought for the day: Econ-
omist John Maynard Keynes
wrote, “The engine which drives
Enterprise is not Thrift, but
Profit.”
© 1988 by NE A. me 5-D
"The IRA and real estate lobbyists are here
again. QUICK — TO
THE SECRET
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“It is so ironic that one land-
owner who doesn’t have royalty
income will enjoy a boon from
the oil price decline while his
omtroyanyesldgetipeaounds Temper flares at Foggy Bottom
somezorsbojrdnese.kohmme “ •nd sianSarvisaaRutsauresamntasusghat
Enna WeLs are expected to be memo that while he and Rottier were service employee. One source famil-
abandonedbytheyearend. WASHINGTON — If you think the working on "flashboard” (computer) iar with the situation said this is legal
During the oil boom in government’s super-secret intelli- messages, Sutton stood “berating but is “a travesty of the whole
Oklahoma, more than 65 percent gence analysis is conducted in an at- (Rottier) for not calling as many peo- system.”
of these wells were under lease mosphere of cool, calm efficiency, let pie as he would have wished.”
Now it is a total lack of hone’ us take you behind the scenes at the Rottier’s report to her boss, Paul An internal cable discloses that
Farmers and ranchers Wh Sr: State Department during one recent Molineaux, chief of current intelli- Sutton will be leaving for Europe
so denendant Im "noare international crisis. Eyewitness ac- gence, said that Sutton’s verbal flog- soon to do consulting work for the
S-cepenaenton royalty income counts make the hush-hush Intelli- ging had her “almost in tears.... I was State Department under the ambas-
are confused and mad. gence and Research Office sound like publicly and severely abused and hu- sador-at-large for counterterrorism,
the officers' mess on the good ship miliated. My colleagues and I find Funded by the “intelligence commu-
Caine at strawberry time. Mr. Sutton’s behavior appalling, un- nity," the trip will last three weeks.
On the bridge was Gerald Sutton, acceptable, abnormal, abrasive, abu- Sutton said he had no plans beyond
chief of State’s terrorist intelligence siveand, most of all, unprofessional.” that,
branch. At the helm, so to speak, was in his own report on the incident, „„ „ . .
intelligence analyst Julia Rottier. Molineaux noted that Rottier "is a CONFIDENTIAL FILE: The skep-
Here’s how she began her subsequent competent, hardworking employee,” tical French government might have
report on the situation: and added: “(Her) description of Mr. been more willing to believe the Rea-
“On Feb. 4,1986, at approximately Sutton’s language and demeanor is gan administration’s evidence of di-
10 a.m., the current intelligence consistent with my own observations rect Libyan complicity in terrorist
watch was handling the Israeli inter- of his approach to problems and in- activity in Europe if President Fran-
ception of a Libyan plane. Mr. Sut- terpersonal relationships.” cois Mitterrand had been shown a
ton’s analysts were apprised of the in- Molineaux reported that Sutton 1981 State Department cable we’ve
coming traffic, which was mainly subsequently admitted that the infor- seen. It warns that “the Libyan gov-
press items." (There’s a jolt: State De- mation he had accused the analysts of ernment - backed attacks against
partment spooks, with all their re- hiding from him did not in fact exist the U s and French embassies in
sources, knew only what they got Molineaux said he had "kept some re- Tripoli" in the late 1970s, and adds
from the press.) cords” on Sutton, and stated “Mr this shocker: “There have been wide-
The Israelis had forced down the Sutton sometimes takes a denigrating spread rumors that (Libyan dictator
Libyan jet expecting to find terrorists approach toward subordinates, rang- Moammar) Khadafy encouraged
aboard. But they found only indignant ing from nit-picking to mocking their plots in the past to assassinate... for-
Igor Stravinsky in 1882, English Arab diplomats. abilities...." mer French President Giscard
Twenty minutes after the first in- Molineaux concluded: "Thus the D’Estaing •”
coming, "traffic," Rottier reported, episode of which Ms. Rottier writes is MINI EnIORIAI . gmt .
the first intelligence cable arrived — not merely an abberation. Rather it MINI-EDITORIAL. Sometimes the
with bad information. “The informa- is a more bald manifestation of a gen- systemworks in spite of itself. An 11-
tion really did not add anything new eral pattern of behavior ” year-old Vietnamese refugee in Ha-
to the press reports except for the er- Sutton declined to discuss the Feb waitwona Statute, of Liberty essay
roneous note that the aircraft was a 4 incident. As for Molineaux’s report contest, but thefirst prize, a new car,
727,” she reported. Sutton told our associate Corky John’ would have made the girl 8 familyin-
In the midst of this fairly tense sit- son. "Mr. Molineaux apparently has eligible for further welfarebenefits,
uation, Rottier wrote, Sutton certain problems with me, but (he) So a local philanthropist bought the
"stormed into the watch area” and has his wn ... problems.” He added: carat auction and gave.the girl a
demanded “vociferously” to know “I have been around in the Foreign 19,500 scholarship - which is ex-
why he had not been informed of re- Service for 30 years and found some empt from welfare limits. Then an
centdevelopments. people have liked me very much, oth- anonymous donor gave the family a
The reason was that there had been ers have liked me less and these are carworth $1,499 “ a buck underthe
none, but when Rottier tried to ex- the things you have to deal with ” welfare property limit. President
plain this to Sutton, he shouted at her, Footnote: Sutton does appear to Reagan teephoned his congratula-
Shut, up, damn it!" according to her have friends as well as critics in Fog- tions. And the girl. Hue Cao, will have
report. A few moments later he gy Bottom. He was not selected for her way to New York paid for so she
yelled at her: "Sit down!” promotion to the senior executive can attend the statue’s July 4
Half a dozen intelligence analysts service and will be leaving the For- recopyat:n6. United Featune Syndicnte, Inc.
control during his first year in Shultz speaks of some nebulous
office. Then he appointed a nego- mutual restraint, ignoring what
tiating team, predominantly most observers believe will be a
hardliners, to meet with the Sov- sky-is-the-limit arms race if the
iets in Geneva to seek an arms curbs are lifted.
reduction treaty. The team did Senate Republican leader
not give an inch, nor did the Robert Dole also praised the fu-
Kremlin, although both sides ture U.S. pullout from the pact as
professed their strong interest in did many members of Congress,
cutting in half the superpower Some, however, did question
arsenals. whether the decision would lead
Last November, although his to an inexorable arms race.
summit meeting with Soviet Reagan continues to say the
leader Mikhail Gorbachev was United States has to “catch up”
basically a get-acquainted to the Russians and insists that
session, there were hopes of $300 billion a year is not enough
moving the arms talks off dead for the Pentagon. He also is
center, and both leaders spoke of adamant on the subject of build-
a 50 percent reduction in nuclear ing a “Star Wars” defense-in-
weaponry. space system that will put a lot of
Throughout his presidency, hardware in the heavens.
Reagan has accused the Soviets The initial reaction from
of violating the treaty. He de- abroad was slow in coming,
ployed Pershing 2 and cruise There appeared to be a world
missiles in Europe to counter the wide stunned silence except for
powerful Soviet SS-20s aimed at support on Capitol Hill.
European capitals, and is con- But when Shultz arrived at a
vinced that the deployment NATO meeting in Halifax, Nova
made Moscow deal more real- Scotia, all the allies, including
istically, the most ardent such as Britain
Now Reagan is faced with and West Germany, let him have
self-imposed deadlines on mod- it, denouncing the decision and
ernization of U.S. missiles, sub- questioning where the United
marines and bombers to equip States is headed.
them with more firepower. To Some of the congressional
meet those deadlines, some re- leaders said they found their
duiring exceeding limits in SALT constituents confused about the
2, he has threatened to break out status of arms control when they
of the treaty. went home for the Memorial Day
Defense Secretary Caspar recess.
Weinberger said the United Critics say Reagan never did
States will be no longer bound by believe in the treaties and is fin-
the treaty by the end of the year, ally doing what he always
and Secretary of State George wanted to do.
lived forwards."
By HARIHAR KRISHNAN
UPI Business Writer
DALLAS (UPI) — For those in
the agriculture or rural sector
who have oil or gas leases on
their property, the oil price de-
cline is likely to deal a severe
blow to their pocketbooks in the
form of reduced royalty income.
Using the example of Texas,
the nation’s premeir energy
state that has some 600,000 pri-
vate royalty owners, Roger Dun-
stan, associate economist at the
Federal Reserve Bank of Dallas,
says the state’s farmers and
ranchers could lose more than
$500 million of royalty payments
annually if the price of oil
stabilizes at $15 per barrel.
“Production costs for crop
farmers should fall significantly
as a result of declining energy
prices but this beneficial effect is
expected to be more than offset
by declining oil and gas royalty
payments,” Dunstan contends.
James L. Stafford, executive
director of the National As-
sociation of Royalty Owners in
Ada, Okla., estimates there are
about 2.5 million royalty owners
in the country, a majority of
them farmers and ranchers or
those who live in rural areas. The
federal and state governments,
whose land is leased, are also
royalty owners.
“In addition to the severe drop
in royalty income, what we are
seeing is an absolute absence of
lease activity which is kind of a
double-barrel shot at the farm
and ranch economies," Stafford
said.
“The royalty income had ser-
ved to maintain the farmer to a
substantial degree since 1980 and
also helped him to maintain his
land prices. The declining oil
prices will force the operators to
shut in their wells and that
means the loss of the entire roy-
alty income for the farmer who is
already strapped financially. ”
Dunstan said energy is an im-
portant input in agricultural
production with crop farming be-
ing more energy-intensive than
livestock production.
“Falling oil prices have a
different effect on different sec-
tors of the agriculture and farm
economy,” Dunstan said.
‘ ‘Those that use energy are going
to benefit by the price decline.
“In energy states like Texas,
Almanac
By United Press International
Today is Thursday, June 5, the
156th day of 1986 with 209 to fol-
low.
The moon is moving toward its
new phase.
The morning stars are Mars
and Jupiter.
The evening stars are Mer-
cury, Venus and Saturn.
stansaid. Those born on this date are
However, the savings, under the sign of Gemini. They
whether in dryland or irrigated include economist Adam Smith
farming will be offset if the same in 1723, Mexican revolutionary
farmer is also dependent on en- Pancho Villa in 1878, composer
ergy or mineral royalty income, I " \ _
Dunstan said. economist John Maynard Key-
“If oil prices were to stabilize nes in 1883, actor William Boyd
at $15 per barrel, oil royalties in 1898, journalist and comm-
paid to agricultural land- entator Bill Moyers in 1934 (age
ownwers (in Texas) would be 52), and Welsh author Ken Fol-
expected to fall by $500 million Iettinl949(age37).
annually. If the proportion of -----
total natural gas revenues paid On this date in history:
as royalties to farmers and In 1933, President Franklin D.
ranchers is assumed to be the Roosevelt signed a bill abol-
same as oil, the overall income ishing the gold standard.
loss would increase to $800 mil- In 1967, the Six Day War broke
lionanually. out between Israel and Egypt.
“By contrast, the annual In 1968, Sen. Robert Kennedy
savings to agriculture from en- was shot in Los Angeles by Sir-
ergy purchases are expected to han Sirhan. Kennedy died the
reach only $225 million. Although next day at age 42.
the savings from lower In 1982, actress Sophia Loren
agriclutural chemical prices are was released from jail in Italy
difficult to detemine, they will after serving 17 days for tax
certainly be much smaller than evasion.
those on energy purchases. The In 1985, General Motors
net reduction in income for agreed to buy Hughes Aircraft
farmers and ranchers thus can for more than $5 billion, in the
be expected to top $500 million.” biggest corporate purchase out-
Dunstan said farm income in side the oil industry.
Texas is between $1 to $2 billion
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“and so we are talking about a ---------------------------
very large amount of royalties The World Almanac
DATE BOOK
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Quinn, Jerry. Chickasha Daily Express (Chickasha, Okla.), Vol. 95, No. 134, Ed. 1 Thursday, June 5, 1986, newspaper, June 5, 1986; (https://gateway.okhistory.org/ark:/67531/metadc1871375/m1/4/: accessed July 11, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.