Skip to main content
The largest online newspaper archive
A Publisher Extra® Newspaper

The Journal Times from Racine, Wisconsin • 1

Publication:
The Journal Timesi
Location:
Racine, Wisconsin
Issue Date:
Page:
1
Extracted Article Text (OCR)

Zahn's will close Monument Square store Nachamie said the store may reopen at another location. He confirmed that one possibility is Wesi-gate Mall, the retail development in the 4900 block of Washington Avenue anchored by a Shopko discount store. Copps would say only that "we are looking at an alternate location." Nachamie said First Wisconsin Milwaukee, through its First Wisconsin Bank of Racine, 1201 West and First Wisconsin National Bank of Milwaukee, is Zahn's of Racine's largest secured creditor. Copps said Zahn's owes First Wisconsin about $220,000. The debt is secured by a lien on inventory and receivables.

said unsecured in any event, the promotional selling staged at the store since mid-April did not generate enough cash to fund the settlement. In addition, Nachamie said, two large cosmetics suppliers refused to ship to Zahns, even for cash, because of past-due bills. As reported earlier, the promotional selling was of clothing supplied through April Marcus New York, a consulting and merchandising company that buys factory overstocks and sells them at relatively low prices through stores, such as Zahns, with which it has agreements. Nachamie said Copps has the sup creditors are owed a total of about Nachamie said he could not recall whut Zahn's assets amounted to. Copps said he couldn't either.

In March, with Nachamie's assistance, Copps reached a settlement agreement with a committee representing trade creditors owed a total of about $300,000. The agreement, as reported earlier, called for a cash settlement of 20 percent, or a total of about $60,000. But several of the largest creditors, including Levi Strauss "didn't want to go along" with the proposal, Nachamie said today, and tion from creditor lawsuits, while efforts are made to work out a plan for paying debts. Chandler V. Copps, who took over the store from C.

Ellis Goldstein on June 30, 1977, Is the sole shareholder in Zahn's of Racine Inc. "We haven't been able to do volume enough to cover the cost of operating a store of this sizet" Copps said this morning. In short, people are not coming Downtown." Nachamie, in a telephone interview from New York, said the Chapter 11 papers to be filed in Milwaukee today includes a plan that involves liquidating the, store's merchandise to pay creditors and closing the store. showers I By David Pfankuchen of tht Journal Timet Zahns department store, 500 Monument Square, a fixture Downtown since 1898, will close. A liquidation tale starts Thursday and probably will be completed in 30 days or bo, said Barton Nachamie, New York, a bankruptcy lawyer.

Nachamie said Zahn's of Racine the corporation that operates the store, would file In Milwaukee federal court today for reorganization under Chapter 11 of the bankruptcy laws. Under Chapter 11, a business continues to operate, with court protec Sent to the Agency orders nuclear reactor toughness tests I AUGUSTA, Maine (AP) Federal officials, concerned that the steel fuel containers in some older nuclear reactors may be more vulnerable to cracks than anticipated, have included plants in- Zion, 111, and Two Rivers, in orders to 44 plant operators nationwide to test the toughness of their reactor vessels. A severe overcooling and repres-surization accident involving a weak vessel in one of the pressurized-water reactors could cause the reactor vessel which contains the radioactive fuel rods used to produce heat and electricity to crack like a hot glass jar thrust into cold water, officials of the U.S. Nuclear Regulatory Commission said in interviews this week. Operators of the prpssurized-water reactors also were directed to review cooling control systems, according to Thomas Murley, director of the NRC's safety division.

NRC researchers in Oak Ridge, and Washington were' assigned to study the problem, he said. port of April Marcus for the supply of additional goods if arrangements can be made to re-open at a new lo cation. "If we're going to he said, "it certainly would be before September, so we could catch the fall season." Zahn's of Racine Inc. does not own the four-story Zahns store building and two-story annex. The owner is Zahn Realty a corporation controlled by Ellis Goldstein's widow, Annette Goldstein of Fox Point, a Milwaukee suburb, and son, James F.

Goldstein of Los Angeles. C. Ellis Goldstein, from whom Copps bought the business four years ago. died in 1978 Wednesday July 8, 1981 Racine, Wisconsin Single copy 25c The NRC is particularly concerned about 14 older plants, including the Zion Nuclear Plant Unit I. No immediate corrective measures were ordered, although Murley said some steps are likely to be taken within a year.

However, a dissenting NRC safety engineer has urged that some older plants be shut down' pending the study. Among the 30 other nuclear pressurized water reactors licensed to operate in the United States, based on a list from the NRC annual report of all nuclear plants in the country, are the Zion Unit 2 and the Point Beach Nuclear Units 1 and 2 at Two Rivers. The Zion and Point Beach plants are on the Lake Michigan shore, the Zion plant about 20 miles south of Racine and the Two Rivers plant about 100 miles north. Racine County Emergency Government Coordinator Peter Jensen said this week the Zion plant's federal license could be in jeopardy (Turn to NUCLEAR Page 2A) ing had occurred. He said he and a friend, Jerry C.

Todd, 18, Pell Lake, had been walking down Glenwood Drive tossing firecrackers about 1 a.m. Tuesday when a nearby resident shot at-them. "We were coming home from Mr. Ed's (tavern at Pell Lake) walking down the road shooting off firecrackers and I remember Jerry taking off (apparently after hearing gunshots). "I felt something going through my leg and something hit me in the head.

I ran and I remember I was (Turn to SHOOTING Page 2A) 1: fr -V I liHjmjl Times photo by Chiffej Villooe t5C. -J Shooting follows firecracker tossing If Teodoro Martinez decides to quit his job in the next few days, there probably will be thousands of applicants to replace him. His sanity also might be questioned. With temperatures into the 90s and humidity to match, Martinez has one of the best of all possible jobs. He installs the sprinkler heads on the irrigation system at Hoerner Sod Farm near Union Grove, going about his work bathed in a constant spray of cooling water.

Macine BUS drivers may journal Times photo-by Paul Roberts But there seems no possibility of mangement and supervisory personnel filling the gap if a strike occurs. Taylor has previously pointed out that, with the exception of himself and one other person, all the employees of Taylor Enterprises are members of the union. i vTV. walk i 'ft "if i 4 i Mis i By Sally Carbo of tht Journal Times Firecrackers apparently sent one man to Burlington Memorial Hospital early Tuesday morning, another to the Walworth County jail. Hospitalized is Carl J.

Torstenson, 18, of Pell Lake, who, Walworth County deputies said, was wounded by a .30 caliber rifle slug, allegedly fired by Robert George Miske, 43, of 1460 Cedar Drive, Pell Lake. Torstenson was In stable condition today after removal of a slug from his leg and treatment for a graze wound to his head. From his hospital bed, Torstenson told how the shoot iV pi si1 frir: 7 -1V1' will strike next Monday. Members of the union took an affirmative strike vote even before the old contract expired, and Schwanke said the required strike authorization from the international union also has been given. "I'm trying to arrange another meeting before Monday with a federal mediator," Schwanke added.

He declined to discuss the main points at issue between the two sides, but said, "I don't think economics is a major issue at this point." As the issues, both major and minor, remain in dispute, the city can only stay on the sidelines as an interested observer, according to Mi- Wilburt E. Leppien 1976 photo i 1 i l. Li chael Glasheen, city transit planner. "Taylor Enterprises runs the day-to-day operations of BUS and all the employees are his," Glasheen said. Racine owns the buses and pays Taylor to run the system under a three-year contract which began Jan.

1, 1980. he added. Jack Taylor, owner of Taylor Enterprises was not available for comment this morning. Arbitration law veto upheld MADISON (AP) Gov. Lee S.

Dreyfus' veto of a bill which would have made binding arbitration a permanent fixture of employee negotiations was upheld Tuesday by the Assembly. The Assembly turned right around, however, and approved 87-9 a bill to extend the state's bonding arbitration law until The 1977 law is to expire Oct. 31 unless the Democratic-controlled Legislature passes a bill acceptable to Dreyfus, or unless it can override a veto by the Republican governor. Inside Two sections, 28 pages Ann Landers 7B Bridge 7B Business 4B Classified 11B Comics 7B CrossWord 7B Horoscope 7B Metro East 6A Metro West 8A Obituaries 11B Opinion 12A Sports IB TV listing Vital statistics 3A Weather 3 A Wisconsin. 10A By Sean P.

Devlin of tlm Jourml Tlmrt Bus riders In the City of Racine may become walkers next Monday unless some progress is made toward a new contract for drivers on the city's bus lines. The previous contract between the drivers and Taylor Enterprises, the firm which manages the city's Belle Urban System transit line, expired June 30. Charles Schwanke, president of Teamsters Local 43, said drivers for BUS have rejected managment's most recent contract offer. "Unless there is some alteration in that offer," Schwanke said, "I would say it is inevitable the drivers Wisconsin's 'Uncle Sam' dies at 59 Wisconsin's "Uncle Sam" is to be buried Friday in Madison. Wilburt (BHI) E.

Leppien, the Madison radio salesman who portrayed Uncle Sam in countless state and national parades, died of a heart attack early Tuesday morning. He was 56. His death in Madison's Veterans Administration Hospital came just a few days after he bad inarched in the July 4 parades in Racine and Dosha. Leppien, who was an account executive for Madison's WISM radio, began marching in Racine's annual Goodwill parade in 1962. Since be first dressed up in the Uncle Sam costume in May, 1956, be has handed out more than a 100,000 flags, marched in five inagural parades and participated in civic programs in every state except Alaska.

William Short, news director at WISM. said Leppien was to be honored by the American Legion at its convention this fall. Garbage galore Wayne Santroch said he saw smoke in the garbage he was hauling for Best Disposal Systems about 11 a.m. Tuesday. His first reaction was to get rid of the garbage.

Unfortunately, there were no dumps around so he spilled it where he was, at 9th Street and Memorial Drive. Racine firefighters put out the fire and the Department of Public Works used a front-end loader to pick up the mess. 4.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

Publisher Extra® Newspapers

  • Exclusive licensed content from premium publishers like the The Journal Times
  • Archives through last month
  • Continually updated

About The Journal Times Archive

Pages Available:
1,278,346
Years Available:
1881-2024