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The Minneapolis Star from Minneapolis, Minnesota • Page 23

Location:
Minneapolis, Minnesota
Issue Date:
Page:
23
Extracted Article Text (OCR)

THE MINNEAPOLIS STAR Thursday, Sept. II, 1969 23BII mm Attorney outlines 'faults' of no-fault insurance plan 96 1 jiSajj 7 QuO'U'iy Compounding yi di 3SV lorn from do't of dtooi.t From 6 monihi to Vtori. n. $1,000. Softly fully iniurtd to $15,000 10O' ofi for 44 ytar Undtr S.

Gov't, Suprviioi Rourct oimott 000 00 Scut by mail Wt pay povtagt. No-fault insurance would help the wroig people, a Minneapolis attorney told a meeting of the Minnesota Association of Mutual Agents (MAMA) In Minneapolis Wednesday. "If you remove fault as a factor In recovering under accident cases you remove the deterrent to accidents," said Patrick Fitzgerald. And rates, he Inferred, would go up for the little guy. "Take a truck that hits a Cadillac," suggested Fitzgerald, who is secretary of the Minnesota Bar Association and a law college Instructor.

''Which driver gets the more serious injuries?" The result of such a plan, he said, would be to reduce cost of insurance for commercial truck companiessince only the driver is being insured. By the same token, drivers of small foreign and compact autos now entitled to a lower insurance rate, tend to sustain greater injuries when their cars are struck. So they would be rated accordingly and would have to pay higher premiums than some trucks. Double premiums? Farmers who drive tractors and other vehicles on country roads would find their premiums doubled under such a plan, he said. Calling no-fault plans a "glorified first-person coverage," he described it as a "health and accident policy that doesn't insure you against the other driver but insures the people riding in your car.

"But it won't work," said Fitzgerald. Such plans do not provide sufficient damages for pain and suffering, he said. A 5-year-old girl whose arm is severed in an accident could collect only about $500 for amputation costs and $250 for having one arm the rest of her life. "Is that a fair and equitable result?" he snorted. No-fault insurance was proposed in the last legislative session by State Sen.

Jack Davics, Minneapolis. The bill lost, but is expected to come up again at the next session. Plan opposed While the Minnesota Association of Independent Insurance Agents has taken a position opposed to the Davies plan, the Mutual agents group has not done so officially, though its board is opposed, said Josrph Arkcrt, St. Paul, outgoing president. "We remain open to consideration of other forms of no-fault insurance," he said.

Fitzgerald told the group what is needed in Minnesota are tougher driving laws. Legal and insurance groups worked during the last legislature for regular driver examinations and stricter drunken driving penalties, but "pressures from constituents back home" kept legislators from supporting them, he said. Calling no-fault insurance plans "socialistically motivated," Fitzgerald said he didn't want to see anyone tamper with the American jury system. "In 'Mein Hitler said the jury system was too cumbersome and had to go. The German people gave it up and look what happened." NORTHERN FEDERAL SAVINGS AND 10AN ASSOCIATION Cltvfland Ford Pkwy, Highland Park Jut Acroii ford Bridg 691 1113 Heme Ofliie, St.

Paul(SSlU) Mtnneapolli Star Photo by Richard Olsenlus BUMPERS LAY IN WAIT FOR A NEW COAT OF NICKEL They're caught in a squeeze between supply and demand and priorities Nickel is fast becoming a precious commodity. WHO'S NEWS IN BUSINESS COMPUTER BOOKKEEPING ISANCIAL STATEMENTS CtNLRAL DCf RS BUOCE IS JOURNALS tTC. ICR BUSINESS AND ACCOUNTANTS AGENCY NAMED Datae Computer i Minneapolis manufacturer of I Kroy company reports sales, RICHARD L. HENCLEY has been elected vice-presi dent, opera ESCDTEC earnings gains a small business oriented computer system, appointed White, Herzog Nee, Minneapolis, as its first advertising agency. tions, for Data Card a new Minneapolis firm pro to Twin City businesses 1118 Gtrnwood Ave.

374-590? Kroy Industries Still water, reported record first quarter sales and earnings. The firm formerly was viding services to encode Control Data Corp, as geneiul malinger of customer engineering operations, international liaison and special programs, CDC also promoted James E. Davis to general manager for product marketing. Davis was regional manager for application analysts. Fuller laboratories Fden Prairie, has named Richard Kol-lert western regional manager of its medical products division.

I David J. l.entz has been named group insurance nprc-sentalive at Minneapolis fur Aetna ife Casualty. credit cards known as United Fabricators Electronics. Hencley 1 Sales were $1.6 million, up with the Uni Hencley 44 percent from the quarter vac division of a year ago. Profits were up Sperry-Rand Corp.

Ross speaks with quiet urgency. "We are being thrown to the tender mercies of the speculators." "What I can't get anyone in Washington to answer is why they're holding tons of that stockpile for coins, to be made in some future year. I would think current industry should come first." His main Washington contact has been Rep. Donald Fraser, who has passed the pleas on to the Office of Emer 16 percent to $78,835 or 11.4 cents a share compared with $67,772 and 10 cents a share Butler Manufacturing Co. has previously.

appointed Charles Anderson in fifi Almost all Americans including Presidents, senators, generals, editorialists suffer from the illusion that the technical superiority that put Armstrong and Aldrin on the moon can be decisivo in a limited war. It Kroy and its subsidiaries Floyd D. Rudy has hron elected assistant secretary of the Northwest Paper Cloqucl, Minn. Richard E. Hayes has heen named regional vice-president and general manager of the San Francisco office of Padilla, Sar- dustrial engineering manager ol its transportation equipment di manufacture thermoplastic vision.

Robert Russell was molding and precision in named the division's field ter By RICHARD GIBSON Minneapolli Star Staff Writer Three 'nights ago someone broke into the Allied. Plating, shop in St. Paul and stole two tons of nickel chips. Police agreed it looked like a professional, heist, but were baffled why anybody wouJd want to lug off some bags of metalcubes. The.

victim, Richard Nozel, head of Allied-Plating knows why. Those little cubes are worth $20,000, perhaps much more. After he had consulted with detectives, Nozel got on the phone and frantically tried to find a new supply of nickel on what has become an open black market. "We're in a desperate situation," he confessed. Nozel's misfortune and his reaction to it mirror what is fast becoming an eco-, nomic dilemma for scores of Twin Cities businessmen, from electroplaters to snowmobile manufacturers, to men like Nozel who put new shine on rusty bumpers.

struments and are developing a new type of industrial switch. jeant, Sullivan Speer, ritory manager. Grain Belt Breweries, Minneapolis, has appointed Ger ald N. Meyer vice-president for gency Preparedness which controls the stockpile, and to other agencies and congressmen. So far Fraser has been unable to give Ross much of a progress report.

Instead, he has sent copies of letters- from officials who contend the 55,000 tons of nickel are being held for defense needs, finance. Meyer moves up from controller. Firm announces purchase pact Minneapolis public relations firm. Ellerbe Architects, St. Paul, has promoted Robert A.

Wilson to manager of product research and Roy B. Osterberg to Wilson's former post, specifications department manager. George A. Hormel Co. has Fabri-Tek, announced Fraser Wednesday it had signed an agreement to purchase Na -Stewart Alsop writes a razor-sharp column for NEWSWEEK which frequently punctures Inflated egos, whether personal or national.

tional connector corpora appointed Richard Knowlton tion's connector division. manager of its Austin, packing plant. Other promotions include F. The agreement calls for Fabri-Tek to pay $1,975 mil Werner, industrial products di lion in cash, notes and shares of Fabri-Tek stock. Based on vision director, to plant man-acer at Fort Dodcc.

Iowa, and Wilson Meyer Roger E. Anderson to corporate future earnings the final pur grocery products accounting di chase price could reach rector at Austin. $3,225 million, the company said. The shortage of nickel available to American users today is so critical they are willing to pay up to six, seven times normal pric-1 es, i. just to stay in business.

Honeywell has appointed Dr. M. Donald Blue as its first scientific attache for Europe. The connector division op erates a 62,000 square-foot plant in Minneapolis and a Blue is to strengthen the firm's technical links with the European academic community and will be bused in Brussels. 30,000 square-foot plant in Cokato, Minn.

It reported Harold K. Wilson has been promoted to vice-president, international operations, for Sico Edina stage and furniture manufacturer. Andrew J. Shea, Excelsior, was named sales manager. The head of operations research for The St.

Paul Companies, Robert L. Fry, will leave the insurance firm Sept. 30 to form a computer consulting service. Bruce A. Barton has joined the product development laboratory of Rowell Laboratories, Baudette, Minn, as a pharmaceutical chemist.

Financial Methods, Inc. announces thai Lee Thompson and J. Craig Rohan are now associated wilh us as registered representatives. Canadi a nickel firms, which produce most of CARL ROSS none of which has been defined more explicitly than "military or nonmilitary necessity." As a consequence, the Bumper Reconditioning Association of North America, reports "nearly half of our members are being forced to buy 40-60 percent of their nickel requirements from the black market at premium prices Some Twin Cities firms are angry at the "premium prices," know those costs will force them to charge customers more, and are seeking alternatives. "We are converting some of our machines to other finishes, zinc and white brass," said Bernie Marben, vice-president of Superior Plating, Inc.

on University Av. in St. Paul. "Either we do that or settle for not as good a nickel finish." Superior electroplates parts for appliances, machinery and snowmobiles, among other products. Some snowmobile manufacturers are almost as worried about the rising cost of nickel as they are at prospects of no snow this winter.

Allan Hetteen, president of Polaris Industries, Roseau, admitted the situation "is certainly going to be a hardship on us. We're looking to new foreign sources of supply." Arctic Enterprises, of Thief River Falls, may take another out. "We might have to revert to painting a few parts we had chromed before," said Steve Rutland, vice-president of the firm which markets the Arctic Cat snowmobile. Officials of the Gould Marathon Battery St. Paul, said they were able to buy large quantities when they saw the current crisis developing a few months sales of $15.8 million for the year ending March 28.

Record profits, sales reported Timesavers, Minneapolis belt sanding firm, reported record sales and profits for the first six months. Sales totaled $2.9 million compared with $2.02 million for the first half of 1968. Dennis A. Thorn has been named manager of salary administration and employee benefits Blue Crosby Our cashiir. Mi IHanv Inrlnni, hint compli lid the )oil Institute hnancr course in Jhokvraye Operainn Jhpnrlmint Procedure.

for Sperry Rand Univac federal systems division in St Paul. Thomas J. Pearce, Bisniark, N.D., has been appointed North Dakota management representatives for the United Power Association. Net earnings were $218,000 or 41 cents a share as against $127,000 or 24 cents last year. The Northern Pacific Railway Co.

has named Roger J. Crosby vice-president and western counsel. The railroad also appointed D. M. Peterson marketing manager for machinery, farm implements and motor vehicles.

Joan Halgren has been appointed assistant director of public relations at the St. Paul Area Chamber of Commerce. The chamber named Jose Trejo assistant director of Human Resources. Honeywell Inc. has named The company said its back Howard A.

Hansen has been elected vice-president and treat- log is valued at $2.5 million, another record high. FINANCIAL METHODS, INC. 1HMSIMN 1 MnOI fOKI'ORVnOV 1112 Roanoke Huilding, Minneapolis, "mKU the metal sold in the United States, have been unable to meet demands for years, a spokesman for the giant International Nickel Co. of Canada, said yesterday. And the current strike by 17,400 workers against his company, known as Inco, has not helped a bit.

The dispute began July 10. Since then negotiations have gone so poorly that both sides indefinitely suspended talks. Ineo's nickel production has shrunk 75 percent, and most of that metal was destined for American hands. The result has been what some in the industry term a "gray market" but others contend is blatantly "black." Instead of the legitimate market price of $1.03 a users in the Minneapolis-St. Paul area have been shelling out as much as $5.35.

There are whispers of prices as high as $7.50 if you're really desperate. Enter a Ralph Nader figure, Carl Ross, who runs a bumper plating shop on Hiawatha in Minneapolis. Normally, Ross quietly attends to the finances of Gopher Plating, Inc. But since the nickel crisis came along he has been pounding out letters, reports, memos and speeches, in the hope somebody somewhere will release all or part of the government's nickel stockpile, now about tons. Merger talks urer of Mid-America Ban-corporation, St.

Paul. Hansen previously was comptroller of the first National Bank of St, Paul. Worldwide Industries, Minneapolis, is conducting merger negot a 1 1 with Timothy Rahill director of qual- Blue Star Potato Chip Corp.Jity assurance for its aerospace! at PODANY'S Houston. Albert 1 t- division. He was production.

I a nick, president, told the an-! manager for the pressure de-nual meeting of Worldwide VICPS shareholders Wednesday. I J. D. Kee has been named ago. "It's still a fairly comfortable situation here," one Gould executive said, "but we're still greatly concerned." Metal suppliers are bombarding nickel users with all sorts of comeons, ranging from letters that read like sympathy cards to the "Psst! We'll get it for you, but you'd better hurry" variety.

One Chicago distributor even injected some sex into its business. Among the items it stocks are nickel anodes, and the firm now has a comely looking girl named Anode Annie to handle its customers. with a nw ai peue cenltmperarv ty I tttol dk. availabU in and or black. Reg.

129.95 SALE PRICE INTEREST ON YOUR SAVINGS (0) (oj 80 88 vt 5-m fas! u.li BARDIN AGENCY Henry L. Bardin Insurance, Minneapolis, has incorporat- Super Valu merger talks terminated i ill 4 i i aunt flirt GM RAISES 1970 MODEL PRICES $125 Vy fit'. Ijrt WW' 4f V'tt i ed and Decome rsarenn Aeen- 'W Jf nl, lwl MjttUht Hue CATHOLIC HOSPITAL BONDS I'M HHtlKl'-JI tW I'll MH nn f.Miv Ml ItitK- Merger negotiations be- cy, with Henry L. Bar-tween Super Valu Stores, din as president. Jff OUKNtW Off Id DlfT.

Hopkins, and Robert Orr TWIN CITIES' LARGEST SELECTION- TRADE-INS ACCEPTED Temporary Help? Call us. C.UvUit..) t.ft OH uof ifomuo lot utihi iu.mini. utlKUIT, Mich. cn- CO Nashville nave General Motors today an-1 been tcrminated according to nounced price increases Wvmarii president Us 190 model cars averag-jof Valu Glenn Nel-lng $125 per car, including son Jr presjdent of Rnhen S38 for new equipment. The Qrf increase in base price av- A For detailed information pleasa contact: KEENAN CLAREY, INC.

hh-mi 806 First Notional Bonk Bldg. Minneapolis, Minn. 55402 Telephone (612) 333-3522 SALES, SERVICE and RENTALS A SASKAMEHiCARD MAILORDERS PROMPTLY FILLED eraged 3.9 percent. (iiiisi)- VinV NOW AT OUR NEW ADDRESS ine lirms naa armouncea a preliminary merger agreement in May. No reason for the termination was given.

W4-4000 ROGER A. P0DANY ASSOCIATES EMPLOYERS The company, whose prices are expected to set a trend for the entire auto industry, said the price increases were necessary to recover Increased labor and material costs. 827-5543 i $tt ip tonm 28 WEST LAKE ST. Optn I 4 M. fa 9 P.M.

Men. end 1 to 5 hi. I Sat. CUBAN PEAK MANTUA, Cuba Cuba's highest mountain is Pico Turquino, at 6,467 feet..

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Pages Available:
910,732
Years Available:
1920-1982