European Stars And Stripes (Newspaper) - December 16, 1986, Darmstadt, Hesse                                Page 4 the stars and stripes tuesday. December 16,1988 highly popular news the Money Fop earners get Washington by s religious belief which both Side agreed were sincerely  said the students were entitled 10 opt out of objectionable Reading causes without forfeiting other classes. He diet not recommend a specific alternative but he said Home schooling for Reading clan would be one the families led by Vicki Frost of Church him identified More than 300 passages in the Reading text which they Laid were anti Christian. The selection came from such Well known works at Shakespeare Macbeth the diary of Anne Frank and l. Frank Baum s the wizard of  the school Board backed by the slate of Tennessee said Hull s decision could seriously disrupt Public Edu cation in America. Slate attorneys argued that teachers would never know when they were treading on Semi live ground and running the risk of a lawsuit. The families countered that there was no record of any other complaints and that they were seeking the same Protection afforded other minorities. Chemical new York plans merger with Texas Commerce ban shares new York a chemical new York corp., the nation s sixth largest Bank holding company has agreed to merge with Texas Commerce ban shares inc. In a Deal Worth More than $1.1 billion the Bank said moday it would be one of the largest interstate banking mergers in . History creating a holding company with assets of $75 billion. The combined holding company would be the nation s fifth largest based on assets at the end of 1985.the top four holding companies arc Citicorp Banka Merica corp., Chase Manhattan corp., and manufacturers Hanover corp. The merger will add substantial financial resources to the Texas Economy at a time of Texas greatest need. And prospective opportunities said Ben love. Chairman and chief executive officer of Houston based Texas Commerce ban shares. Texas Commerce is considered the strongest Bank inthe state but its. Recent performance has suffered. It has i1b.9 billion in assets and is the 26th-Argest Bank holding company in the nation. It will operate As a wholly owned subsidiary of chemical. The merger requires approval from the Federal re serve Board stale authorities and shareholder the agreement says each share of Texas Commerce Stock Mil be exchanged for $7 in Cash nine tenths of a share of chemical new York corp. Common Slock Worth about $4 a share based on the last closing Price on dec. 12 one share of a new preferred Stock valued at $ 12 a share and one share of a new chemical Claib common Stock the value of which will be based on Texas Commerce s future earnings. In addition. $300 million Book value of Texas com Merce s non performing assets or More than a third of those assets As of sept 30, will be transferred to special entity the Stock of which will be distributed to Texas Commerce shareholders there Are about 33.3million Texas Commerce common shares outstanding. Justices to hear Wall Street journal writer s Case Washington a a former Wall Street Jour Nal reporter who profiled by investing in stocks he was writing about won a hearing monday before the supreme court in his bid to overturn his fraud conviction. The court said it will hear arguments that Foster Winans and two others were wrongly convicted in a Case involving free press rights and interpretation of Federal securities Laws. Arguments in the Case arc not expected to Lake place until next fall with a decision Likely in 1988. Winans sentenced to 18 months in prison was one of the Wall Street journal reporters who took turns writing its heard of the Street column from August 1982 through March 1984. The daily feature discussed the movements and prospects of various stocks. He a convicted of fraud for revealing the subject matter of some columns in Advance to two stockbrokers. Peter Brant and Kenneth fells. The stockbroker shared most of $�90,000 in investment profits with Winans and hut former Roommate David Carpenter receiving about $31,000 in kickbacks from the brokers. Brant became the government s key witness. Felis was convicted and sentenced 10 six months in prison. Carpenter the other defendant in the Case was place Don three Yean probation. Carpenter we news clerk at the will Street Qumi who served primarily As a messenger Between Mani and the stockbrokers. Federal prosecutors said Winans misappropriated confidential information from the journal which has rules barring reporters from trading in stocks they Are writing about or disclosing the subjects of forthcoming articles to those outside the newspaper. The charges against Winans and the others also included wire ind Trail fraud stemming from the act that the newspaper1 articles Are transmitted by Tele phone line to its printing Plant and the newspaper is mailed to subscribers. In other action the court limited the government s Power to regulate Elco Tion Campaign spending of some political groups that incorporate themselves. The court by a 5-4 Vole said a Federal Law aimed at curbing corporate corruption violates free Peen rights when applied to corporations formed primarily to influence Public opinion not to make a profit. Refused at least for now to reconsider in past rulings that let states require some girls who seek abortions to get permission from their parents or a judge. The court refused to Speed up its consider nation of in Appeal using it to review a Minnesota Law that requires a girl under 18 and still dependent on to least one Patent to obtain such permission and then wait 48 noun before aborting her pregnancy. Said it will examine the government s Power to bar people from the United states based on to Beer membership in or alleged affiliation with communist government. The court granting a Reagan administration Appeal will review ruling that the government a Cave acted illegally in denying visas to four people invited to the United Stiles by american citizen. Geared the Way for the Federal trial of five alleged sikh extremists accused of plotting to Ann Sinim u Indian official during his visit to the United Stales but year. The court without comment turned away am Menis that Federal prosecution of the five should be barred because the visitor was not an official guest of the United slates. Cleared the Way for an invasion of priv by trill against horse racing officials who revealed the Iden lies of i convicted horse race finer and hit family. The court without comment let stand t ruling that Anthony Ciuta now known As Anthony Caw and Bis family my sue the thoroughbred ref association of North America and organisation Ottato. Let sum. I fit a of criminal Mil Cimpl met let it member of the Kalled Hick hebrews tuft of sect imprisoned for refuting to testify in a. Federal Gnu jury investigation of the group. Gregory Pierce member of the sect also his Ben convicted accredit card fraud