The Hays Daily News from Hays, Kansas on December 12, 1976 · Page 29
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The Hays Daily News from Hays, Kansas · Page 29

Hays, Kansas
Issue Date:
Sunday, December 12, 1976
Page 29
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December 12, 1976 PAGE G HAYS DAILY NEW8 ( '* -^ '•---'• ' v «^ CONQUERING THE Clipped For $20 Traverse City restaurant owner Bill Sternberg displays counterfeit $20 bill he received over the counter. Somewhere a clever clipper probably turned two $20 bills and a $1 bill Into $59 by clipping one end off each of the two $20 bills and taping them onto the middle of the dingle $1 bill. The remainder of the cut $20 bills were probably cashed for face value. The culprit could face up to 15 years In jail on counterfeit andaherlng charge If caught. (UPI Photo) Starting A Bank: It Only Seems Easy NEW YORK (UPI) Despite some spectacular banking failures in the United States in the past two years, an awful lot of people are starting new banks. In 1975 alone, 171 state banks and 75 new national Life Term To Ex-Singer SAN JOSE, Calif. (UPI) — Rick Stevens, 35, a onetime lead singer with the Tower for Power rock group, was sentenced to life in prison for three drug-related slayings and was urged by the judge to preach the evils of narcotics. The sentence was imposed Friday by Santa Clara County Superior Court Judge John S. Mclnerney who told Stevens to become "an apostle, an evangelist ... reach out to people and tell them how much harm came to you because you got involved with drugs. "They might listen to you where they wouldn't listen to others." Stevens, who had tunes at the top of the music charts at the apex of his career, was convicted of killing Harry Austin, his brother, Larry, and Ray Wyckoff in a two-day crime spree. He said he had dealt with them in narcotics. The jury on Nov. 28 found him eligible for the death penalty. However, the California Supreme Cburt ruled the state's capital punishment law was unconstitutional this week. "In a way I'm kind of glad I have the opportunity to sentence you to life instead of death," Mclnerney said. "You are a talented and, in many ways, charming individual and few men who go to prison have as much going for them as you. "But you will be in prison for many, many long years and you have left much behind—a wife, a child, friends, fame and success. And I suggest that you will find your life a lot easier if you perform a service." banks opened. Texas with 33 and Florida with 31 had the biggest number. Openings in 1976 have dropped about 40 per cent from the 1975 pace, according to Lester B. Knight Associates of Chicago, a management consulting firm that specializes in bank structural problems. Even so, the Knight firm said, the formation of new banks is continuing briskly. "The chief reason," the Knight company said, "is that many more states are getting ready to allow statewide bank branching. Therefore, time is running our in communities for starting new independent banks." Knight didn't mention it, but it would appear that some of the promoters of new banks may have in mind sellnp- wthem in a few years to bigger banks interested in acquiring more branches. The collapse of Franklin National in New York, of C. Arnholt Smith's empire in San Diego and a number of lesser banks may have served to obscure in the popular mind that ever since the reforms in the early days of President Roosevelt's administration, banking, on the whole, has been one of the safest businesses in the country as well as one of the most profitable. Not only are bank failures rare, the Knight firm said, but very seldom do any of the 14,000 commercial banks in tne country have an unprofitable year. Once chartered, a new bank generally has, an excellent chance of succeeding. The rub is to win a charter and get the bank under way. About the only really easy step is the first one, Knight said. "You don't have to be a banker to start a bank." That means you don't have to have any special university credentials or professional licenses. Knight said many individuals get involved in starting new banks for reasons of social or business prestige. Some fondly imagine that, if they start a new bank, it will be their personal unlimited supply of funds. If that illusion isn't nipped in the bud it ultimately will lead to disaster and possibly to prison. But if you needn't be a banker yourself, you need the services of a trained banker very soon. As in any other business, it is essential to get one with a good performance record as well as a winning personality. The other main requirements are money — ., and time. It is rarely possible to launch a new bank in less than two years after the first decision is made. That much red tape and solid spade work must be handled. Besides a banker and a capable lawyer with banking experience, the Knight firm says, one needs an economic feasibility study by a firm of bank managerial specialists. Considerable front money will be required. The preliminary studies, legal fees, feasibility study and building or leasing plans likely will run at least $50,000. The incorporators will have to put that up and also be prepared to put up the initial operating capital. The first $50,000 could be lost if the state or national banking authorities decide the bank plan is not feasible and refuse to issue the charter. The Knight company said one of the commonest mistakes is to hire as manager of the new bank, a chap who is manager of a competing local bank. * "The mediocre performance of this bank may be the main reason people in the town want a new bank." Meany Recovering WASHINGTON (UPI) - AFL-CIO President George Meany, who is 82, is reported alert, talkative and feeling "pretty good" following surgery for removal of a cataract on his right eye. Meany's right lens was removed Thursday during a routine operation at Suburban Hospital near his home in Bethesda, Md. The vision in the eye will be restored with special corrective glasses. House Completes Leadership Roster WASHINGTON (UPI) House Democrats have completed their leadership roster, and the fight for Senate majority leaders appears almost over with assistant leader Robert Byrd of West Virginia likely to move up to the top spot. House Speaker-designate Thomas P. O'Neill Friday named his eight appointees to the 23-member Democratic Policy and Steering Committee, which nominates members to the standing committees and recommends party policy to the Democratic caucus. 6'Neill, majority iwdw Jim Wright and whip John Brademas are automatically members of the leadership panel, with O'Neill serving as chairman. Among the eight named by O'Neill are chief deputy whip Dan Rostenkowski of Illinois and his three deputy whips named Friday: Benjamin Rosenthal of New York, George Danielson of California and Bill Alexander of Arkansas. In the Senate, Byrd's two rivals met Friday for one hour and 40 minutes but neither threw in the towel to help the other. Hubert Humphrey and Ernest Hollings- of South Carolina acknowledged Byrd is ahead and close to the 32 votes needed to win the post but said that he can be beaten 'in the Jan. 4 election. They also agreed that it would be easier to stop Byrd in a two-way race, but each contends he would have the better chance and wants the other to drop out. Humphrey and Hollings said they will meet again, probably next week. Byrd has consistently said that he has more than enough votes needed to succeed retiring Senate Democratic Leader Mike Mansfield. But the counts of anti-Byrd forces give him only a solid 25 with four leaners. "This is still open," Humphrey said. "No one has this tied up. It's my judgment this race is still wide open." Hollings called himself the "compromise" candidate, positioned politically between Byrd and Humphrey. "If the liberals could have elected one of their own they would have elected Humphrey or Muskie long ago," Hollings said. WIND is once again in stock! A perfect X-mas Gift! Get yours now at The Hays Daily News Oster Kitchen Center food preparation appliance powerful - heavy duty , MIXER - BLENDER - FOOD GRINDER avocado - harvest gold Reg. $114.95 SALE WIESNERS Basement Dept. -'"PERSIAN LUXURY" OR "NORTHERN LIGHTS" fe Two value packed 100% nylon Kitchen prints in colors you'll have to see to believe. Ideal for family room, too. Reg. $6.25 sq. yd. OLD FASHIONED PRICE $575 Uitztunt. Decorating Center 113 East 13th Hays, Kansas HAYS BOOKLAND 207 West 10th 625-6254 The Father Christmas Letters by J. R. R. Tolkien Finding My Father by Rod McKuen The World Before by Ruth Montgomery Be All You Can Be . READ OPEN THURSDAY EVENING 'TILL 8:30 Model H584W • Features Allegro Series I Amplifier with 2.5 watts min. RMS per channel from 100 Hz to 10 .kHz into 8 ohms at no more than 1% total harmonic distortion. AM/FM/Stereo 'FM Tuner. Stereo Precision Record Changer. Shown with Zenith Allegro 1000 speaker systems. Simulated wood cabinet; grained Walnut finish. SPECIAL $ 350.00 REBATE on al) remaining 1976 Subaru DL Coupe 5 Speeds Rupp's Toyota at Interstate Imports 1-70 & Highway 183 Hays 628-2855 or 625-7361 F I R E P L A C E Now Available Complete Line Of ACCESSORIES AT (Hearth & Home Center [1501 E. 27 Hays 625-3411 Formerly Robinson Color Center How Should We Then, Live? By: Francis A. Schaeffer BLUE BANNER CHRISTIAN BOOK STORE 703 Fort FOOTBALL WITH PUMP & TEE Open Sundays 1-5 Weekdays 9-8 OTASCO 1501 Main Hays Do Your XmasShopp/ng EARLY I srmo HIT, ltd, 10th & Main Downtown Hays 625-3115., « ROLL YOUR OWN THIS XMAS FOR $ 19.88 Give a gift this Xmas lor your photography enthusiast. Not only save him time but money as well. Set includes Lloyd's bulk film loader, 100 ft. of Kodak black & white film, and five 35mm film cassettes all for the low .price of $19.88. So roll your own for those precious Christmas pictures. Available at. Stereo West LTD, 10th 8 Main, Hays, Ks. 'Treasure Chests Christmas Special Reg. $25.99 Now $20 Open 10-9 Daily Sunday 1-5 YOUR CRAFTS & HOBBY SUPPLY STORE SCHLEGEL'S Downtown Hays : 115 West 10th Santa's Jumping For Joy At These All Guitar Strings 25% Off Fantastic Savings On Alvarez Yairi Steel String Guitars. N Your Christmas Headquarters AAIDWEST /V 'USIC 119 W. 10 Hays CHRISTMAS the ideal time to give a . Gift That Will Last Forever A Diamond From BOOKS The Top 1 0 In PAPERBACKS The Choir Boys Wicked Loving Lies POETRY . Helen Steiner Rice Rod McKueh •GIFT SETS •ASSORTED HARD BACKS World Of Wonder in the Moll BAROMETER Reg. $15.77 Now $11.95 PLAINSMANS 1017 East 13th Hays Hobart AA. Cable fine quality pianos since the turn of the century Shown Here ^Console Model In Walnut \ Was $1,495.00 $ 1,055°° HAYS MUSIC COMPANY, INC. 710 Main Downtown Hays 625-3418 JUSTIN'S GIFTS For The Home Bedding Chairs Lamps, Planters Clocks SPECIAL ORDERS Bedroom Furniture ON FLEXSTEEL Dining Room Furniture Living Room Furniture Wall Accessories Pictures Sofas & Chairs Over 1200 Different Fabrics 'Your Interior Decorator" JUSTIN'S FURNITURE 6th & Main Hays 625-7318 TYCO ELECTR C TRAIN Rohr Jewelry 709 Main Hays 625-9327 MAKE THIS THE SWEETEST CHRISTMAS EVER NO. 7318 REG. $27.88 A SET The electric train is H O scale with locomotive & 4 freight cars. 36" x 45" ' track. Power pack. PRICE EFFECTIVE NOW THRU DEC. 19th Give Russell Stover Candy Open Daily 9 to 8:30 Saturdays 9 to 5:30 Sundays 1 to 5:00 ABC Hallmark 1007 Main Hays HAYS DAILY NEWS GIFT SUBSCRIPTION (Clip and Mail To) Hays Daily News, 507 Main, Hays, Kansas 67601 I Would Like A Gift Subscription of the Hays Daily News Sent to: Name _ Address City I have Enclosed for months/year. State My Check -Zip. in the Amount See table below (or propriate price. of op- 1 year by carrier in Hays $33.00 6 months by carrier in Hays / $16.50 1 year by carrier outside Hays $33.00 6 months by carrier'outside Hays $16.50 1 year by mall In Kansas $21.63 6 months by mail in Kansas :. $14.94 1 year by mall outside Kansas $26.00 6 months by mail outside Kansas $17.50 ww*««wf**wm?w

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