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Lance Finances #254498

CBS Evening News for Thursday, Sep 08, 1977
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(Studio) Comptroller of Currency testifies to Senator Govt. Affairs Committee that, though reports with regard to Bert Lance's finances didn't find illegalities, it didn't clear him of improprieties, as Lance had claimed.
REPORTER: Roger Mudd

(DC) Senator Abraham Ribicoff and other committee members feel they were misled during confirmation hearings for Lance, because they didn't have info. contained in 2 recent reports by comptroller's office. Comptroller John Heimann says he would have told committee of what he considers improper practices, had he been comptroller in January [HEIMANN - notes Lance built successful banking institution, but his attention to detail leaves something to be desired. Notes own office isn't in business of making judgements on individual morality or standards, but that Lance's operation of banks causing problems is clear.] Comptroller appears perplexed by Lance's practice at one time of covering overdrafts at 1 bank with funds from another. [HEIMANN - notes usual method is to write checks on bank where sufficient funds are held, as it wasn't question of insufficient funds; and that this isn't considered acceptable banking practice.] Ribicoff says he hasn't changed mind that Lance ought to resign. Heimann will continue testimony on Thursday
REPORTER: Barry Serafin

(Studio) Upon release of 1st comptroller's report, President Carter said his faith in Lance had been reconfirmed; with new disclosures continuing to come, today Carter has other remarks. (Film shown.) [CARTER - thinks Lance should have chance to get hearing soon, with all allegations and facts produced for public and Congress to know and for self to understand. Is eager to see results of comptroller's report and Senate committee probe. Has never doubted that investigations will be proper and well-accepted by public.] Editorials in "New York Times, New York Daily News" and "Washington "("DC) Post" call for Lance's resignation; "Boston Herald American" quotes source close to Ribicoff as saying Lance will resign after testimony next week White House Press Secretary Jody Powell says he's not aware of such plans.
REPORTER: Roger Mudd

Mudd, Roger;
Serafin, Barry

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