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The Knoxville News-Sentinel from Knoxville, Tennessee • 2

Location:
Knoxville, Tennessee
Issue Date:
Page:
2
Extracted Article Text (OCR)

A2 The Knoxville News-Sentinel Tuesday July 26 1988 FROM PAGE ONE Bank ready to talk about low-income loans Knox Briefs First Tennessee awaiting response By ERIC VREELAND News-Sentinel staff writer ment fell apart in mid-April say leaders of the Community Reinvestment Act Regional Steering Committee In June Charlie Blair of the CRA Regional Steering Committee sent a document to the Federal Reserve Board in Washington DC outlining what his group alleges is First Tennessee an illegal loan discrimination practice Officials from First Tennessee have vigorously denied that their bank redlines Monday a bank spokeswoman said that the bank has made quite a few to the steering committee ready to talk with said Leslie Grossman First corporate communications officer She said bank officials had agreed to help educate residents and business people in low-in come neighborhoods on how to apply for loans and bankers were waiting for the citizens group to respond on other issues However members of the group have criticized First Tennessee for not seriously negotiating The community group faults the bank for failing to increase credit in poor inner-city neighborhoods They say their discussions with First Tennessee officials ended when the bank officials failed to respond to the latest proposals three months ago In its document to the Federal Reserve Board the steering committee states: Between 1983 and 1986 First Tennessee made more than $19 million in home-improvement and other loans in Knox County Close to 70 percent of the loans went to upper-income tracts representing 34 percent of the population Only 61 percent of the loans went to low-in-come areas representing 253 percent of the population First Tennessee has assumed that low-income tracts offer few opportunities for loans However a real estate guide for 1986 shows that $8 million worth of property was sold and another $15 million worth went unsold in low -income tracts The citizens group contends the potential market could be as high as $23 million in those tracts but the amount First Tennessee loaned annually in those areas averaged only $297500 Only seven of First 340 loans were made in minority areas Minority tracts account for more than 5 percent of the population Grossman noted that half of First branches are located in low-income areas For more than eight months a handful of Knoxville community leaders have maintained that First Tennessee Bank has the worst inner-city lending record among banks operating in Knoxville The bank agreed to reverse that record they say Meanwhile in less than three months Third National Bank officials have outlined a $20 million loan package to help low -income neighborhoods Their plan was scheduled to go before the board today for approval Efforts to convince First Tennessee to make a similar commit litical tradition would give Sasser much more clout on such appointments Jordan was appointed by Gov Lamar Alexander in 1980 to the Chancery Court and voters elected him in 1982 He earlier practiced law for nine years and served in several banking and law firm jobs He is second nomination for the East Tennessee judgeship Circuit Court Judge Ken Porter of Newport won backing exactly two years ago July 25 1986 Porter withdrew from consideration in July 1987 Jordan Continued from page A1 federal judge I am confident he will be It will take the Judiciary Committee staff a minimum of three weeks to conduct an independent background check on Jordan Berman said Jordan said Reagan called him about 1:30 pm Monday and asked if he would accept the job told him I would has to be a highlight of my legal he said to have re- ceived a sitting call and the nomination Jordan said that know of no reason other than the obvious why I be Asked if meant politics Jordan just chuckled If the Democrat-controlled Senate does not confirm Jordan before adjourning for the year it is possible Sen Jim Sasser D-Tenn rather than Quillen could have much influence next year in filling federal judgeships in Tennessee Democrat Michael Dukakis currently is favored in polls to win the presidency in November If Dukakis and Sasser win their respective elections po- Archbishop undergoes brain surgery Cincinnati Archbishop Daniel Pilarczyk underwent a four-hour brain operation Monday in Cincinnati to seal off a ruptured blood vessel that could have killed him if it had not been treated his chief surgeon said Dr John Tew Jr a pioneer in laser surgery who conducted the operation said Pilarczyk 53 could leave the hospital after a week of recovery and could return to work in four to six weeks Tew upgraded the Roman Catholic condition from serious to good Pilarczyk suffered the aneurysm near the base of his brain Saturday in his hotel room while vacationing in Gatlinburg He was transported to the University of Tennessee Hospital in Knoxville for initial treatment then was moved by helicopter Sunday to Good Samaritan Hospital in Cincinnati Girl bitten by dog leaves hospital A 7-year-old girl who was bitten Sunday by her dog was discharged Monday from HCA Park West Medical Centers a sheriffs department spokesman said Whitney Raines 9749 Northshore Drive was knocking on the door of her house about 3 pm when his Great Dane attacked her according to spokesman Art Miller Her uncle Jerry Tolliver of the same address told sheriffs deputies a Knox County humane officer said the dog would be observed for 10 days Indiana man dies from wreck injuries A 53-year-old Indiana man died Monday afternoon from injuries he suffered in a traffic accident on Maynardville Pike Sunday afternoon Charles Bolin of Tell City Ind was pronounced dead at 3:30 pm at University of Tennessee Hospital a nursing supervisor said His wife Martha Bolin 54 and son Rickey Bolin 14 remained in critical condition in the intensive care unit at UT Hospital A family of four from Powell was also involved in the accident William Osborne 34 Elizabeth Osborne 31 and their children Jennifer 10 and Will 4 were treated and released from Fort Sanders Regional Medical Center A Knoxville man Timothy Wheeler was also treated and released from UT A couple from Huntsville Ala James A Harbin 23 and Rhonda 24 were treated and released from UT A Tennessee Highway Patrol spokesman said a car driven by Charles Bolin was turning left onto Norris Freeway when it pulled into the path of two southbound vehicles driven by James Harbin and Timothy Wheeler The Harbin vehicle struck the Bolin vehicle and knocked it into the path of the Wheeler vehicle which struck the Bolin vehicle and the Osborne vehicle Candidates debate qualifications Superintendent Earl Hoffmeister and challenger Wanda Moody continued Monday to wage their dispute over who has a better understanding of the budget for Knox County schools The candidates for Knox County superintendent of schools were speaking in a forum at the MLB Building sponsored by the Knoxville Communications Cooperative which operates WRKB-TV Channel 33 a community cable television station The forum was televised and will be broadcast on WRKB Sunday at 11 am 5 pm and 10 pm Poll followed format lawyer says A Knoxville Bar Association poll recently released asking members to vote for the candidate for a Criminal Court judgeship followed the format established when the poll was begun in 1982 according to a local lawyer John Buckingham chairman of the judicial committee of the Knoxville Bar Association said he wanted to clarify a misunderstanding concerning the poll recently expressed by lawyer Harvey Goodman Goodman is the deputy campaign treasurer for Randy Reagan the Republican candidate for the Criminal Court judgeship The Bar Association polled 783 members with a one-question poll on their preference between Reagan and Democrat Randy Nichols who was appointed to the Criminal Court judgeship after John Duncan Jr resigned in June to run for Congress The results gave Nichols 271 votes of the 359 forms returned Reagan was endorsed by 83 members and five specified no preference Goodman said he thought the members should have graded each according to three categories: very well qualified qualified or not qualified He said he had never seen bar association polling conducted to endorse one of the two candidates totally in line with what been doing since Buckingham said Leon Jordan from developers in the Knoxville area have been sought in both states have agreed to build a new building for us and lease it he said The company needs 100000 square feet and has considered both new construction and existing buildings Harahan said he wrote all the communities under consideration the past week to say that while a decision had been hoped for sooner it now may be around the end of August before executives in Japan make a final decision The compressor plant is scheduled to open at the same time as the startergenerator plant and the company is about six months behind in getting that plant started he said For the smaller plant developers say they could have a building constructed in 120 days he said The biggest factor favoring East Tennessee for both plants is Maryville Harahan said Sites Continued from page A1 ty sites we visited in July The company is looking at nine sites for its smaller instrumentation or meter plant he said Seven are in Tennessee and two in North Carolina roughly 150 miles from Knoxville Proposals people in Blount County have really impressed the people in he said The biggest negative: concern about being able to find enough skilled workers in this low unemployment region large numbers of skilled workers is not easy a very important he said Being able to hire skilled or semiskilled workers minimizes training needs he said Grenade not reimbursed by the county for its services If the county wants to use the new bomb squad the county will have to into a cost-sharing with the city as will any agencies or surrounding counties needing the services Keith said will have to share in the (bomb squad) costs because Keith said At the disposal center Charlie Rice 52 said he was looking through the box which contained an old Army helmet canteen and other military items when he found the grenade saw the grenade and picked it up and looked at it It looked armed to me so I set it down and called my Rice said thought it was a dummy souvenir but I going to try and find out The pin was still in Rice said the old Army equipment was brought to the center by an unidentified man who later returned with a second box was just as surprised as I about the grenade Rice said Miller said the Sheriffs Department get the name because they believed he inadvertently dumped the grenade A name stenciled on the side of the boxes was Capt RL McAulife Miller said Highway Patrol ordnance technicians took the grenade to an isolated location in East Knox County and detonated it The grenade was reported at 1:30 pm and Highway Patrol officials arrived at 3:15 pm according to Miller The grenade was removed from the center within 30 minutes he said Continued from page A1 primary concern is the city of Keith said long-term plans would include other such as to the county Almost 60 percent of explosive calls the city received while it had a bomb squad came from outside the jurisdiction Keith said He said the county and city had then The city was to one hour Hal Wanzer WTVK news director is scheduled to co-anchor the longer evening newscast with the present anchor Allen Denton No news team has been selected for the noon show yet WTVK currently airs the game show in the weekday noon slot think East-void said of the CBS affiliation lineup especially its day time lineup will help us Earlier there was speculation that CBS would make a bid for WATE because it has a stronger signal with VHF than UHF VHF signals reach a larger audience and VHF stations can sell advertising at a higher rate-Tony Malara president of division said at the time of announcement WTVK Continued from page A1 Sept 10 Eastvold said Along with the change in network affiliation WTVK plans to make other changes in September he said The station will add a noon news segment and expand its 30-minute evening newscast that his network was checking into possibilities with WATE as well as WTVK CBS executives were unavailable for comment Monday WTVK has been battling for about 15 years for a more lucrative VHF spot WTVK was expected to switch to VHF Channel 8 early this year but it is still awaiting approval from the Federal Communications Commission Eastvold said Corrections Amplifications If you find a mistake in The News-Sentinel call Associate Editor Harold Harlow 521-1849 so we can correct the error weather The News-Sentinel 521-6300 Temperature forecast Recorded by EZ97-FM knoxville four-day forecast 24-hour forecast high and low) Today Tonight Wednesday Thursday Friday Partly cloudy Low: 66 Times of clouds and sunshine thunderstorm around High: 88 Partly to mostly sunny warm High: 90 Low: 70 and Partly sunny hot and humid High: 92 Low: 72 Partly sunny and warm chance afternoon thunderstorm High: 88 Low: 66 around the nation too temperatures and forecast for 6 pm today FRONTS: Warm -m Cold- Stationary statistics lake stages TENNESSEE: Today will bring times ot clouds and sunshine with thunderstorms in spots High 80-90 Tonight will be partlv cloudy Low 64-70 Wednesday will be partly sunny and warm with a stray afternoon thunderstorm High 80-90 KENTUCKY: Today will be warm with some sunshine and a couple thunderstorms High 80-88 Tonight will be partly cloudy Low 62-70 Wednesday will be partly sunny but an afternoon thunderstorm cannot be ruled out High 80-88 VIRGINIA: Today will be partly sunny and warm with a couple thunderstorms this afternoon and tonight Hiqh today 86-94 Low tonight 66-74 Wednesday will bring a mixture of clouds and sunshine with an afternoon thunderstorm in spots High 84- NORTH CAROLINA: Today will be partly sunny and warm with a thunderstorm in spots this afternoon or tonight Hiqh today 86-96 Low tonight 66-74 Wednesday will bring a mixture of clouds and sunshine with a couple afternoon thunderstorms High 84- GEORGIA: Today will be partly sunny with a thunderstorm in spots this afternoon or early tonight High today 87-95 Low tonight 66-74 Wednesday will bring a mixture of clouds and sunshine with a couple of thunderstorms High 86-92 ALABAMA: Today and Wednesday will be very warm with some sunshine: there will be a few thunderstorms each afternoon es Hi9h dayS TOn'9h' Wi" be partlV Sun sets 8:46 pm today rises 6:21 am Wednesday Temperatures: Monday high 88 low 62 mean 75 normal 78 Records for July 25: 101 (1934) 54 (1876) Precipitation: 0 Month 304 year 1789 deficiency for year 1154 Relative humidity: 9 pm 51 pet Barometer: 9 pm 3004 falling Highest wind: 15 mph northwest 3:50 pm Today's wind forecast: southwest 10 mph Midnight Today fall 05 fall 04 flu 13815-13820 flu 12595-12615 rise 01 Steady rise 04 fall 08 Steady flu 7941-7946 fall 03 rise 11 flu 8124-8129 flu 7407-7413 7 am Yesterday 16923 19255 13820 12602 10394 9667 16576 17964 9894 7944 14937 7948 8128 7412 above sea level Station Holston hw Watauga hw Boone hw Ft Henry Cherokee Douglas Fontana hw Santeetlah hw Norris hw Melton Hill hw Hiwassee hw Great Falls hw Ft Loudoun hw Watts Bar hw in feet east tennessee moon phases pollen spore count Pollen: less than 5 per cu meter Primary source: undetectable Mold: 4981 per cu meter (very high) (Source: ET Pollen and Mold Station Dr Marek Pienkowski allergist) yesterday's extremes Needles Calif 1 1 1 Gunnison Colo 35 1st Quarter Full 3rd Quarter New July 22 July 29 August 4 August 12 Weather information forecasts by Accu-Weather Inc.

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