European Stars And Stripes (Newspaper) - January 9, 1986, Darmstadt, Hesse The stars and stripes Page 3 Pennzoil rejects settlement bid by Texaco Houston a elmi0il co. Said tuesday night that us directors unanimously rejected a proposal by Tex Aco inc. To Settle the is i billion damage award Pennzoil won in their Despui cover the takeover of Gill Oil co. Rumours that inc two companies were close to Scittina the Hughl had swept through the Slock Marci earlier in the Day sending Penn rail Slock soaring 30 percent. Penn Oil has told Taco Over a great Many months thai it is nol inc Type of proposal in which a Conrail has the slightest interest. The Ball continues to be in Tex Neo s court. Penn Oji chairman j. Hugh lied Lac said in a statement released after a four hour Board meeting. Details of i he proposed settlement were nol released and Pennzoil spokesmen declined to answer questions. To Chaco also declined u comment. To Ciao is really not in a position to comment. I can t confirm or nut Cim firm anything at this said Lois Johnston a spokeswoman at the company s head quarters in while Plains . There had been speculation that a settlement would result in tax an i acquiring Penn Doit by swapping Jet shares of its own Slock for each Pennzoil share. Such a Deal would have resulted in Penn Oil shareholders gaining ii 40 percent slake in Texaco. However Pennzoil attorney Joe Jamail said the Stock Swap outlined in the rumours was absolutely the companies began negotiating about two weeks ago to try to Settle their dispute which resulted in Pennant s winning a damage award or More than is i billion. Texaco warned in could be forced into bankruptcy court if it was forced to pay Thill much tuesday s rumours touched off a surge of buying of pc Noil Slock and officials at the new York Slock Exchange were forced id pin a Brief hold on Penn Oil trading late in the Day because of an imbalance in buy und sell orders. Penn Oil Stock shot up si0.50 a share to s73.7s before trading was hailed then Rose 59.25 More after trading was reopened Inte in the session to close at j83, finn nil s Stock was trading in just under s50 a share before in won its lawsuit against Texaco in november. Teicu Stock ended the Day Down 50 cents a share at $30,75. His servant and Friend Susu n voyeur old Capuchin Monkey has been the Helper of Louis corns Hiil Cranston . For four years. He was partially paralysed in a 1976 car crash. Susu brings him drinks and food As Well in books and cassette tapes and per forms such other tasks As turning on and off ids lights am Boater. Cortese helps keep her sen Iii him by riving her fre quent rewards such As a of cry drops of Orange juice he dispenses by blowing into a lube connected to a plastic bottle he boys of Susil there s a Bow Between us. We re new postal Boss planning flights of salesmanship Washington a the new Post master general a former airlines president says he plans to introduce airline style sales pitches to help the , postal service at tract More business and compete with Over night delivery services. Former american airlines president Al Bert a Casey who took Over As postmaster general on tuesday told reporters the Post office is Selling services to the Public. The past office is involved with All forms of Competition today. These Are very similar principles to what we be just been through with airline Casey 65, joked that to might figure a Way to give mailers him thing similar to the frequent flier bonuses airlines offer top customers. He pledged to develop ways for inc 130 billion a year Agency to compete with Over night delivery services and other competitors such As newspapers which carry advertising circulars that also could be delivered by mail. John r. Mckean. Chairman if the postal Board of governors which named the new postmaster general said he is looking for technological innovations and the use of people in the most efficient manner Possi Paul n. Carlin lire if year postal Veter an who was. Postmaster general for a year was fired monday after the Board secretly conducted i three month scorch for a new Leader. The governors Felt there was a changing environment thai required a different marketplace perspective and Carlin did not fit the Bill Mckean said. He praised s cutting of costs and said he would be an adviser to inc Board at a slightly reduced salary. The postmaster general is paid 186,200, Marine s longing for letters fulfilled 30,000 times Over Tokyo up1 a Marine received More than 30,000 letters after he wrote to dear Abby asking the advice columnist to put out the word that marines were lonely and desperate for mail a us. Military spokesman said wednesday. The deluge begun shortly after the sept. 27 request from Mel la Ebert a Marine stationed at n base in Okinawa appeared in inc dear Abby column and was dubbed operation dear the column written by Abigail Van Buren appears in Pacific editions of the stars and stripes. The first big Day was oct. 3, a spokes Man in Okinawa said when Heberl then a lifeguard at a base Pool received a whop. Ping 3,000 letters and postcards. Mail poured in from almost All Fly states 90 percent from single women Heberl to a base officials. Unable to answer All the letters personally Heberl distributed most of the responses to marines on other parts of the Island. Abby had warned Fly Bari that he might get thousands of responses. He commented after the mail came Rushing in thai it did t Dawn on me what thousands meant the spokesman said. Heberl has since returned to his Home town. Baton Rouge. La., and the mail Al though slowing Down has continued the spokesman said. In a follow up letter published wednes Day and signed by the marines of Okinawa a group of marines told Abby that a Sot at friendships will be forged from this fans Laud of More s accomplishments on birthday Buffalo . A Millard Fillmore was praised tuesday his ib6lh birthday As an above no rage president who postponed the civil War and opened the far East to Western Trade. The reputation of Fillmore the nation s 1 3th president is often swarm by those of Andrewl a preceded him by 13 years and Abraham Lincoln whose term begun eight years after Fillmore left office in 1 853. But Fillmore who died in 1874, is noted for crafting n Compromise on Southern arguments y a appointing Daniel Webster Secretary of state and person ally orderly i Commodore Matthew Sajjan which led in 1854 to the opening of japanese port to american shipping. .-,.,about 30 people and an Honor guard gathered in Forest Lawn cemetery tuesday in 1 degree weather made colder by a brisk wind. With sunlight glistening o flapping several wreaths were Laid a Monument beside Fillmore s grave. Among the wreaths was one from president Reagan. Fillmore acted with vigor und Resolution said univer sity of Buffalo administrator Ronald a Stein. He was credited with working out the series of Laws known collectively As the Compromise of 1sso, which historians say postponed the civil War for 10 years. Stein said. Fillmore became president when Zachary Taylor died july 9, 1850. He served out Taylor s term and due to disagreement Over the 1850 Laws was denied the whig party s nomination to run in 18 2 for a term of his own. He ran in 1856 As a third party candidate but lost to Democrat James Buchanan. Fillmore s achievements receive Little acclaim these Days but among a group of local historians University officials and fraternal organizations he was a president worthy of respect. We certainly Don t feel he was one of the lesser ones said Edward e. Godfrey co curator of the Millard Fillmore museum in East Aurora ., where Fillmore lived after he was born in a Cayuga county ., log Cabin on Jan. 7. 1800. There were Many who did not accomplish at much As he did. 1 suppose he was average above University of Buffalo political science professor Richard Cox said. The reputation of or. Fillmore has undergone very curious turns Over time. He s often a figure of ridicule. But that ridicule is largely mainly self educated Fillmore studied Law in Buffalo and was admitted to the bar at 23. By 28. He was elected to the new York legislature where he achieved passage of a Bill outlawing imprisonment for debt. At 32, he was elected 10 Congress where he served until 1843. Fiumaro was Defeated in a run for new York s Gover Norship in 18-14, but his influence within the whig Purly grew and As a moderate an slavery he attracted backing from North and South As Taylor s running mate
