Northwest Arkansas Times from Fayetteville, Arkansas on June 2, 1974 · Page 30
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June 2, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 30

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Fayetteville, Arkansas
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Sunday, June 2, 1974
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Page 30
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IflO NeriKwMl Arkonto, T1MB, Sun., ivnt 2, 1974 rAvrmviLLi. -~ -- Sut Some Of Them Find A New Way The Walls Come Tumbling Down The Wards Ice Cream Co. building at 121 N. Block Ave. Is leveled lo make way for street widening underway in the downtown Urban Renewal program. The one-story masonry structure is the second on Block Avenue to c o m « down. (TIMESpholo hy Kei Good) Treasury Pleads For Return Of Its Pennies The Federal Reserve Board and the U.S. Treasury Department's Bureau of the Mint have joined together in asking the public to stop hoarding pennies and to start putting them back into circulation again. While recognizing that the increase in the price of copjer and the resultant proposals for legislation to change the alloy in pennies have given rise to the speculation and h o a r d i n g of these coins, Federal Reserve Board officials are now saying that a change in alloy may not be necessary. "There is no reason for shortage (of pennies) in light of the recent drop in the market value of copper, the ban on the melting of pennies for their copper content and the Mint's increased production volume," Arthur F. Burns, chairman of the board of governors for the ^ederal Reserve, stated in a icws release this week to ommercial banks. Director of the Mint Mary Brooks noted that the price of upper has retreated to $1.15 er pound earlier this week. Tierc will be no aluminum xmny. she said. In her news clease. Mrs. Brooks noted that he 62 billion pennies produced during me past 15 years hnvc no great coin collecting value Kcausc of the huge quantities n which they were produced. While speculators and hoar- lers have caused what seems o be a s h o r t a g e of pennies in ertain areas of the country, cderal officials maintain there s no shortage, "Creating Barnhart Retires From Law Faculty Ralph C. Ba rnh a rt, who retired as dean af the University of Arkansas School of I^aw in September 1972, has retired from the law school faculty. A native of Springfield. Ohio, Professor Barnhart spent the 1973-74 academic year as risiting professor at Washington University School of Law in St. Louis. There he taught courses in evidence, labor law and corporation law. Labor law is the professor's specialty. He has served frequently as an arbitra^ tor in labor disputes. Professor Barnhart Joined the UA law faculty in 1946. He served as acting dean of the School in the summer of 1952 In 195B he became dean upon the resignation of .Top E Covington who accepted th position of dean of law at the University of Missouri. Barnhart received his lav degree from the University o Cincinnati in 1934. He practicei law privately for three year before joining the editorial slaf of the Lawyer's Co-operativ Publishing Companv. He serve- with the War Relocation. A« thorily at Topaz. Utah, in and in 1944 was moved by th WRA to the Washington, D.C. office. P r o f e s s o r Barnhart 1 married to the former Mar; Elizabeth Gerher of Ashlanc Ohio, and (hey are the parent of three sons, Lloyd, Daniel am C l a v t o n . HEAVY DUTY MUFFLER Lifetime Guarantee DUALS Adding One Side Including One Muffler Both Sides Including Both Mufflers Mr «· Amirltm m*4* pfekupi m* on ·**# mmt Htmn. SEEBURG MUFFLER shortage where . does not exist cnn adversely ffcct every public spirited citii- en, taxpayer and conservator f the earth's resources," the iew,s release said. "It is infla- ionary should merchants start o round off sales to the next ickel due to lack o make change." of pennies The news release also stated hat the mint has to continue ncrcasing its penny production o meet the current extraordin- ry demand caused by hoarding he coin*;. Such a process ' va ste ful --- in term s of the natural resource of copper and n terms of the money needed o pay for m i n t i n g new pennies. "One billion pennies returned o circulation will save the lax- jayers $10 million," Mrs. Brooks said. It is estimated ( h a t over 3C billion pennies are now in circu lation. but in excess of 30 billion pennies are in hiding - - ii dresser drawers, shoe boxes and pickle jars. The current price and supply of copper will allow the min to continue production and dis the copper During the pap Lribulion of bearing cent. 15 years, the 62 billion pennie madle has consumed ahou 202,000 tons of copper in their manufacture. "If just 15 billion pennie could be lured out of hiding,' Mrs. Brooks said, "(he mint at current production figures wouldn't have to m a k e nennic for almost two years and i would represent a savings o $150 million." The Bureau of the Mint pro duces about 35 million pennie per day, with each coin having an average life expectancy o years. To stimulate citizen partici pation in getting pennies bad into circulation, the Treasury Department will award Certifi cates of Special citation " f o r patriotically restxmding to any one who deposits or cashes $2_ worth of pennies," Burns said. The program will be carrte out through local banks. Bank have also been asked to partic pate in the overall program b changing, if needed, their pol requiring pennies b cies of packaged In certain way before they would be accep able. Burns is asking hank across the nation to accep deposits of loose pennies. Private Colleges In Financial Trouble By KAV BARTLETT APPLETON, Wis, (AP) -- awrence University, it is omelimes said, is one of the ilaces you send a bright kid who couldn't quite make it into larvard, Princeton or Yale. It's a good school, although many outside of academia have lever heard ol it. "Is that in Cansas?" they ask. Or, "Oh, ·ou mean Sarah Lawrence?" No, Ihey mean Lawrence Unl- ·ersity, a liberal arts college of _.400 students whose president admits that "university" is a misnomer. L a w r e n c e features open lorms, a beer hall op campus, he tell-tnlfi smell of pot in the student union. But it's basically Vlidwestern. with one-third of .he students from Wisconsin and another third from the neighboring states of Minnesota and Illinois. The 37-acre main campus white with snow in the cold iVisconsin winter, is dominated the neo-classic Main Hall, 5Uilt in 1853. The eclectic archi- :ecture of the 30 or so structures reflects the growth of the school: from the old homes absorbed as Lawrence spread, now serving as office buildings and housing units, to the Georgian-style fraternity houses anc Jones' Make Grant To Transport Chair The Harvey and Bernice Jones Foundation of Springdale has contributed $1,000 to the Oren Harris Chair of Transportation for scholarships at the University of Arkansas. The contribution represents the second consecutive year lhat the foundation has made a direct grant to the Oren Harris Chair for scholarship programs in transportation anc distribution. The Jones Truck Line, more over, has participated signifi cantly in summer internship programs for university under graduate transportation majors according to Dr. Grant M Davis, who holds the Oren Harris Chair of Transportation at the UA. Costs Soar CAMBRIDGE, Mass. (AP) -Spiraling government and pri vate exependitures for health care coverage, treatment anc materials were at the $80 bil lion level in 1972, Arthur D Little Inc., reports, adding tha the figure is likely to double by the end of the deecade. The research firm, headquar tered here, believes the strain being placed on health care resources is leading to more stri ngent evaluation of program and to increased emphasis on balancing limited resoui with needs. iost recently to Kohlcr Hall, a even-story dormitory built in S67. FfNANCIAL CRISIS That was the year before .awrence faced a financial r i s i s , eventually solved ·trough retrenchment. Money roubles have plagued higher 'xlucation throughout the coun- hitting hardest at small chools like Lawrence. An estimated 50 private colleges have losed their doors in recent ears because of lack of funds. Jtncrs have declined in quality i education. The money problems have icen caused in part by declin- ng enrollments, a problem just Beginning to hit Lawrence. Ap- ilications and admissions in iext fall's freshman class are down 16 per cent from last 'ear. Lawrence, chartered in 1847 -- before Wisconsin was a state . was not a fly-by-night school. has a large endowment for ts size and a fine reputation. But during the 1968-69 school year, Lawrence wound up with a $319.000 deficit. And it stayed .n the red for two more years. When it moved back into the ilack, "financial retrenchment" was in everyone's vo cabulary. six faculty members were gone, daily maid service was a thing of the past and the ever-flowing water fountains were cut off. One woman was so Impressed ly the water fountain cutback hat she sent in a check for 25,000, with a note of applause any school trying to save money. "Lawrence's problems were caused by over-optimistic plan ning and inflation,' says Wrols tad. The Analytical Studies Com' mittee was formed in 1969 to figure out how Lawrence could get out of debt. Four or five 'acuity members, two adminis :rator s and two students met 40 lours a week for four weeks and came up with suggestions. The student union revised its lours aid put in a "more sensi :ive pricing structure" -- i.e. hamburgers went up. Maid service was switchec Torri daily to weekly and even :ually to biweekly. Duplicate 'ood service facilities were cut, Students who wanted a fuV Breakfast and not a continental breakfast, for example, had to walk a little farther. More anc more students handled sujch tasks as night switchboard cov erage. Lawrence had a larger en dowment than many libera arts schools, and a good part o it came through a stroke luck. Milwaukee-Downer, prestigious women's libera arts college, had run int serious enrollment problems dropping from 600 students t 200. It was chipping away at it endowment and could no longe survive financially. A terrible thing Tor Downer a respected college with a near ly 100-year history; a godsen for Lawrence. It seems three o our Downer trustees were also pawrence trustees, 'and before ou could say "Milwaukee)owner merged with Lawence," it had. ENDOWMENT GROWS "We woke up one mr* 1 '"'"" nd our endowment was almost rebled," says Wrolstati. Mversity of Wisconsin-Mil- aukee bought the Downer ampus for $10 milion. Therel was 52 million left in the Down- endowment. Lawrence went rom an $8 million endowment x a $20 million endowment ithin a week. Students say little about Lawence's general financial prob- ems, but they gripe about the uls that have hit home. Bob 'hickens, a senior, was a mem- icr of the track team in other ears. "We used to live better he trips," he said. "Now they make you drive back that night and get in at four in the mprn- ng. We used to stay overnight n a hotel." "A few more marginally qualified prospective students will probably be admitted as the price for obtaining classes of the size required to sustain ,he quality of the academic jrogram," says Canterbury. Some faculty members maintain that Lawrance is already slipping academically. In 1969 52 per cent of the students who entered were in the top 10 per cent of their high schoo classes. Now it's down to 40 per cent. Chong-Do Hah, head of the Jovernment department, feel, strongly that the quality of the Lawrence student is going down. "I have radically reduced my requirements because the uni versily takes the position that the customer is always right,' says Hah. There are not university requirements, he explains just expectations from the students. One of the more outspoken faculty members, Hajj also observes somewhat cynically that the fastest growing thing around campus is the adminis- .ration. One of the things that grew was the office for developmenl and external affairs. Davol H Meader, now vice president it charge of the office, is masterminding a $10 million "Law 'ence Leadership Fund." He expanded the office from a one- Our New Sales Manager Cares About Service, r lbo. We've just named John Greer as our Dew General Sales Manager. John has been with us since 1966. For the past two years he has served as manager of our Health Systems Development. At.Arkansas Blue Cross and Blue Shield, selling is service. John Greer knows what service is all about Vacating for Arkansas people. Blue Cross Blue Shield ofArioraas We Cam About People. (People. ian job to a six-man depart- aent. His predecessor was card to crack: "Hell, I did it I myself." CITES PROBLEM Meader says that was the roblem. "1 couldn't believe how little 'as done in fund-raising when I ame here," he said. So far, $*.3 million has been aised toward a new library, xpansion of the art center, an ddition to the science hall and enovation Iain Hall. of the venerable The Lawrence campus is just ofl the shopping section of Appleton a city of 57.000 famous as the home of Joe McCarthy and the Great Houdini. (Houd- i n i , the students report, said his greatest escape was in getting out of Appleton.) Lawrence is a school you don't bump into on the way to somewhere else. It's generally reachable by Air Wisconsin and the Greyhound bus. Or. as one sage observed: "Lawrence, why that's two days dog sled north of Chicago.' NORTH and SOUTH SMORGASBORD ALL THE PIZZA ond SALAD You Can Eat $145 1 MONDAY 5 p.m. to 8 p.m. BRING THE KIDS Only lOc Per Year of Age 521-3521 OPEN DAILY 9-10; SUN CLOSED ,MON.,TUE.,WED. 4-FULL-PLY POLYESTER CORD BLACKWALLS Reg. 18.88 - 678x13 M 88 Cfc r PLUS F.E.T. T.83 EACH WMTEWALLS 2.44 MORE EMU ALL TWOS PURCHASED AT K MART ARE I MOUNTED FREE - MO TRADERS BHMRtnl THE WIDE SSK' 4-FULL-PLY NYLON CORD N Stms-lllSEI LETTERS Keg. 26.66-170*14 PIUS F.E.T. 2.44 EACH SIZES F70xU G7014 O70.15 H70xU H70xl5 REE. 29.66 32.66 32.66 · 34.64 34.66 SUE 20.00 21.00 22.00 FJ.T. -2M 2.7Sr J.84 3.n 3.04 ALL TIRES PLUS F.E.T. EACH K»g. 33M- 35.88 GUARANTEED AS LONG AS mi DIM TOUR CAB KMART SUPER K-500 BATTERY 29 NO EXCHANGE NECESSARY K mart's finesll Quality er^inevrad with polypropylene case. Sizes to fit mart OJ. cars. Includes free installation. «··· wwnmivMMi FRMfl ·!·» SQmCEOIECK NUKE SKOAL *·*· »·*·--» o*n ·»*. sin--i D*n 2.88* 5.66 48.88 ·StsTM " S^SSST* '*" S.JSSSE.'s-r 1 "- ^s^^jr 1 * *· ^»n^r. ·., nm i,...uEi. ' - -- · -- 7 vwv* i w i fifHf rtW»H UMl iMtMW* OfW r.F« mottO.S.wri. rnortAmwIcancara. H- 71 B North at Rolling Hills O r r v e m Fayettcville, Arkansas

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