European Stars and Stripes (Newspaper) - September 04, 1977, Darmstadt, Hesse                                Page 24 the stars and stripes sunday september 4,1977 flouted loan rules paper says More flak peppers Lance from press dispatches Washington budget director Bert Lance made a series of Loans that exceeded his lending authority of $100,000 per transaction shortly after he became presi Dent of an Atlanta Bank in january 1975, the Washington Post reported saturday. The Post quoted sources As saying Lance was enraged when told he had exceeded his loan authority at the National Bank of Georgia. The Post said he called a meeting of the directors of the Bank and had them raise his personal lending authorization to the Bank s full Legal limit per loan which was $1.7 million. Sixty per cent of the Bank s Stock at that time was owned by financial general corp., a Washington based Bank holding company the Post said and it challenged the Loans. William j. Schuiling who was chief executive officer of financial general in Early 1975, told the Post he also was greatly disturbed that the Atlanta Bank under Lance had taken Over the first National Bank of Tucker a Small Bank near Atlanta that had failed. Financial general was ready to Tell Lance to Stop flouting its rules or leave Schuiling said when Lance and his associates suddenly bought out financial Gener Al s interest in neg. Lance is not a prudent banker and he should not be judged As such in comparison with other Bankers the Post quoted Schuiling As saying. Lance also Drew fire from the american Bankers association Friday. The association said that Lance s history of overdrawn checking accounts cannot be considered Normal banking practice and expressed fear that the controversy would damage the image of Bankers. Regrettably Lance and his defenders have sought to describe his reported practices failure to disclose outside personal borrowings and the use of substantial Over drafts As Normal banking practices the Aba said. In its monthly newsletter the association said scores of Bankers who have been in Contact with Aba have declared that such practices cannot be considered either Normal or widespread within the banking Industry. Their message we know those practices Are not tolerated in our Banks and we believe they Are not permitted in other Banks. They Are anything but typical " the Bankers said Only Federal Bank regulators can decide what is typical banking practice. They applauded reports that the comptroller of the currency will Survey Banks about the Issue of overdrafts in Gen eral. The Bankers group said an atmosphere of news Media scrutiny unmatched for in Tensity since watergate has settled Over Lance s financial affairs and has set the stage for congressional hearings into the entire banking Industry. The Bankers said they were worried that the controversy Over Lance s activities As president of two Banks in Georgia had darkened the image of Bankers. Editorial cartoonists also have begun to get their Teeth into the Story concentrating As much on banking As. On the administration s political predicament. At every reasonable Opportunity Aba has taken Strong exception to these assertions the newsletter said. Such attacks Europe mostly Cloudy with fog and afternoon showers sunday. Decreasing cloudiness monday. Frankfurt Heidelberg High 68, Low 58. Sunset sunday 7 05 . Sunrise monday 5 46 . Temperatures recorded saturday get 4am 4pm 4am 4pm 61 88 Adana p 61 75 Frankfurt cd 72 75 Athens p 46 66 London p 84 Aviano p 54 83 Madrid p 64 73 Berlin r 57 72 Munich r 61 66 Brussels p 63 64 Paris cd 61 64 Copenhagen cd 59 81 Rome p cd Cloudy a partly Cloudy r rain. Del 25,3lst weather so on More than 14,000 Banks and their offi cers simply Are not justified by the allegations and revelations put Forward to Date about a single very unusual Case history. Rational discussion of these issues will be difficult until the Waves of controversy surrounding Lance have begun to recede the Bankers said. The Bankers said the practices they did not consider Normal were Lance s Over drafts when he headed the first National Bank in Calhoun a. Lance and his family ran up overdrafts of As much As $450,000 and until 1975 did not have to pay interest on overdrafts. The Bankers said they were particularly worried that Congress would try to limit correspondent accounts in which Small Banks Deposit Money without interest into a larger Bank and get services instead. Among other things it is the correspondent Bank network that makes it pos sible for Banks to move funds from areas where they Are in excess to areas needing outside capital for economic expansion the Bankers group said. Japan s of smashes Aaron s Homer record Tokyo a Sadaharu of hit the 756th Home run of his 19-year pro baseball career saturday surpassing the number hit by american record Holder Henry puerto Rico vote delayed by . Unit United nations . A the . Used an intense behind the scenes Campaign Here to sidetrack a cuban Reso Lution demanding self determination and Independence for puerto Rico. The . Decolonization committee voted 11-7 Friday for an australian motion to postpone action on the cuban Resolution a softened version of a measure put before the committee last month. Cuba sought to have the general Assem Bly henceforth refer to puerto Rico a . Commonwealth with a degree of internal autonomy As an american Colony. The cuban Resolution also called for the release of so called puerto rican political prison ers being held for terrorist actions in the . In the Early 1950s. . Diplomats who had lobbied hard against the Resolution said privately they were relieved by the committee s decision. The ., not a member of the panel feared adoption of the cuban Resolution would anger american conservatives and hinder . Rapprochement with  to Young an african member of the committee said the delay of action on the Resolution represents a first tangible result of ambassador Andrew Young s third world oriented  he said Many members of the commit tee were reluctant to engage in activities that might Embarrass Young while the Black . Envoy is going around the world promoting  american diplomats had insisted the . Panel did not have competence to Dis cuss the future of puerto Rico because its 3 million people exercised their right of self determination in a 1967 referendum and continue to do so in regular free elections. In a letter to the committee puerto rican gov. Carlos Romero Barcelo said his Caribbean Island is fully capable of deciding without . Help whether it eventually will become a . State or in dependent nation. Leningrad defender Dies Moscow up retired . Vladimir tribute a highly decorated commander who helped organize the defense of Leningrad has died at the age of 77, the Tass news Agency reported. Aaron. The 37-year-old left handed slugger connected for the Home run in the Bottom of the third inning sending the Ball Over the Brightfield Fence As 50,000 fans roared. It was his 40th of the season. Aaron retired from Active playing in october 1976 with 755 Home runs having broken the record of 714 held for Many years by babe Ruth. Some baseball experts in the United states and elsewhere Challenge a compari son of american and japanese Home run records on grounds that the playing Fields Are smaller in Japan. Of known As Japan s babe Ruth is his country s highest paid player with a salary estimated at More than $200,000. Sports in Brief Dusseldorf Germany a world cup track officials ordered that sat urday s controversial 400-meter race in which Volker Beck of East Germany upset olympic Champion Alberto Juantorena of Cuba be rerun sunday. Juantorena stopped two Steps after the starting gun and looked Back before re suming the race in which he finished third. Juantorena protested he had not heard the starting gun. Adrien Paulen dutch presi Dent of the International Amateur athletic federation said other runners also complained they did not hear the gun. Earlier Story on Page 21. Saturday s scores baseball american league Seattle 000 000 330 6 7 1 Toronto 1 010 000 2 10 2 Montague House 8romo 8 and Linson Jefferson Vuckovich 8 and Ashby. A Montague 7-10. A Jeffer son 8-14. Or Seattle Stinson 8stanton 20. New York 100 202 200-7 10 0 Minnesota 0 100 0204 8 1 Figueroa and Johnson Schueler Shellenback 5t. Johnson 7d. Johnson 8 and Wynegar. A Figueroa 13-9. A Schueler 7-7. Or Minnesota Carew 2 14. New York Piniella 9 Oakland 121 012 100 8 13 3 Detroit 100 300 24x10 13 1 Coleman Keough 4lacey 7bair 8 and Sanguily Len Newman 8 Sykes Taylor 4glynn 6foucault 9 and May. A Glynn 1-0. A lace 3-7. Or Oakland san Guillen 5jorgensen 2page 17. Detroit staub 18. National league Atlanta 010 000 000-1 6 2 new York 0 200 42x9 9 2 Hanna Camp 7davey 7theiss 7 and Pocoroba Espinosa and Hodges. A Espinosa 7-11. A Hanna 1-4. College football Akron 24, Wayne Mich. 14 Jackson St. 17, Alabama St. 6cent. Michigan 39, Alcorn 7 Dubuque 14, Milton 7 Miami Ohio 26, dayton23 Mississippi Sti 17, n. Texas St. 15 Shippen Burgst. 14, West Liberty 6 Virginia Union 14, . Central 10 greek Leader plans visits Athens a greek Premier Constantine Caramanolis will make official visits to 11 foreign countries in the next few months his office said. The visits will include three to Western Europe three to Eastern bloc nations and five to Arab countries. Alaska Gas pipeline route okd Ottawa a american and Cana Dian negotiators agreed on a route for a natural Gas pipeline from Alaska to the lower 48 states and said they will Lay the Issue before president Carter and prime minister Pierre Elliott Trudeau Early next week. Energy Secretary James Schlesinger and Canadian government House Leader Allan Maceachen ended two Days of talks Here Friday night after settling on an All land route across Western Canada on the Way to the . Pacific Northwest and upper Midwest. The other alternative was the so called All american proposal to pipe the Gas South across Alaska and ship it liquified by Tanker to the West coast. Carter must decide whether to accept the negotiators Choice and then make a recommendation to Congress. Congressional sources had said earlier that Carter is delaying at least until sept. 15 a decision on a pipeline route for the Gas because the negotiations had bogged Down. Congressional aides who have been keeping tabs on negotiations now under Way in Ottawa claim the administration is being forced to postpone its decision be cause of failure to establish ground rules for the Canadian alternative. At the White House press Secretary Jody Powell said Carter has written House speaker Thomas p. O Neill and vice presi Dent Walter f. Mondale who is president of the Senate to say he will have a decision when Congress returns sept. 7 or shortly afterwards. The new development gave new Hopes to congressional backers of the ail american route which generally has been regarded As the underdog of the two proposals. This route would require bringing Gas from Alaska s North slope along a new pipeline paralleling the existing Alaska Oil pipeline and then liquefying it and shipping it in tankers to the . West coast. However the White House aide cautioned that the delay should not be taken As a sign of  Humphrey ends Hospital stay Minneapolis a sen. Hubert h. Humphrey was released from the Hospital Friday after an 18-Day stay during which doctors discovered that the 66-year-old senator has inoperable cancer. Humphrey looking thin and Pale but smiling walked through a crush of report ers and Hospital personnel to the lobby of the University of Minnesota Hospital. See photo Page 3. He said he will not be Able to return to Washington when the congressional recess ends next week. Humphrey said he wants to be in fighting trim before he returns. During an operation to relieve a blocked Colon a Pelvic tumor was discovered. A colostomy was performed to relieve the obstruction but the cancer can Only be treated by chemotherapy. Syrians announce arrests in anti corruption drive Damascus a syrian authorities announced the arrest of 16 persons As part of an anti corruption Campaign launched by president Hafez Assad. Ahmad Diab chairman of a seven Man special anti corruption committee appointed by Assad said some of those arrested were directors or managers of private firms who had their properties seized temporarily pending their trial. He declined to identify any of them