Page 5
THE BATTALION
MONDAY, MARCH 9, 1981
Local / State
Campus Names
Nine Texas A&M University
undergraduates have been
awarded assistantships enabling
them to research plastics one-to-
one with a faculty member.
Companies interested in de
velopment of the joint Texas En
gineering Experiment Station —
College of Engineering Plastics
Engineering Program provides
funds for the awards.
Two awards, sponsored by the
Soltex Polymer Corp., went to
Dennis Cox, a senior in mechanic
al engineering from Grand Prairie
and Steve Stanley, a mechanical
engineering senior from Big
Spring. The Phillips Chemical Co.
granted three assistantships to
Alan Mosley of Pasadena, Rock
Morille of Houston and Andy
Leach of Houston—all mechanic
al engineering seniors.
Monsanto Chemical Co. will
sponsor John Unietis, a senior
from Houston and Kyle Fluegal, a
mechanical engineering junior
from Amarillo. And Union Car
bide Corp. will sponsor Ed Ober-
thier, a senior from Conroe and
Larry Earles, a senior from
Ennis.
Texas A&M architecture gra
duate students took three of the
top seven spots in a national de
sign contest sponsored by the
American Railway Engineering
Association that attracted more
than 500 entries.
Winning second place and a
$500 prize in the contest to design
a railroad office building and pas
senger station was Jonathan
Bailey of Hurst. Honorable men
tion awards and $100 prizes went
to Andrew Lawrence of Raleigh,
N.C. and Nick Pickle of Dallas.
Texas A&M professors Howard
L. Furr, Robert M. Holcomb and
M. Drahn Jones recently were
designated life members of the
American Society of Civil En
gineers Brazos Branch at the orga
nization’s Engineer of the Year
banquet.
Furr has been on the Universi
ty faculty since 1962 and is a re
search engineer and manager of
the Major Highway Structures
program for the Texas Transporta
tion Institute. Holcomb has been
in the civil engineering depart
ment at Texas A&M since 1947
and in 1976 received the Centen
nial Award for Outstanding Pro
fessor from civil engineering stu
dents at Texas A&M.
Jones has been on the civil en
gineering faculty at Texas A&M
since 1966, is head of the Public
Works Engineering and Adminis
tration Division of the Civil En
gineering Department and is asso
ciate research engineer for the
Texas Engineering Experiment
Station.
Hughes’ estate only
valued at $460 million
United Press International
CHICAGO — The late Howard
Hughes, long believed a possible
billionaire, actually left only a
money offers” from the University
of Houston, graduate teaching
assistants have ended their four-
day sickout.
The university had threatened
to fire any of the assistants who
failed to return to work Friday.
“We’ve got in writing some
hard money offers,” English pro
fessor John McNamara, negotiator
for the protesters, said Friday.
The number of assistants in
volved in the sickout was esti
mated to number from 60 to 200
out of a total of 1,200.
The deadlock that led to this
week’s sickout — the second with
in little more than a month — was
broken Thursday in a meeting of
McNamara, Chancellor Barry
Munitz and Board of Regents
Chairman Leonard Rauch.
The university had been
Seminar
features solar
home design
Local residents can learn how
to use solar design features when
building new homes at a seminar
tonight sponsored by the Texas
Energy Extension Service.
Paul Woods, a solar designer
and faculty member in the Build
ing Construction Department,
will discuss passive solar design
and how it can be applied in the
Bryan-College Station area.
A slide presentation will
accompany the discussion.
The seminar is at 7:30 p.m. at
Oakwood Middle School. It is free
and open to the public.
$460 million estate, it was re
ported Saturday.
The Chicago Tribune reported
in its Sunday editions, a compre-
threatening the protesters with
dismissal if they did not return
Thursday. None did.
At the Thursday meeting,
Munitz extended the firing dead
line to Friday and showed written
plans to try to raise teaching assis
tants’ $350-a month salary to $500
or $600 next year and possibly
$700-a month in 1982. Munitz in
vited the protesters to participate
in developing a program for high
er pay.
The Teaching Assistants,
Teaching Fellows and Lecturers
Association Friday unanimously
approved formal ratification of
their leadership’s recommenda
tion that they return to work and
resume negotiations with the uni
versity.
hensive Internal Revenue Service
audit, which valued everything
from Hughes’ Las Vegas casinos to
the cardboard box containing $5
gambling chips found in his last
hotel room, revealed the estate
was much smaller than believed.
The IRS issued a tax bill to
Hughes’ cousin, William Lum-
mis, for $274,714,977 last June 19,
but the details were kept secret
under the Privacy Act until Lum-
mis’ attorney’s filed an appeal with
the U.S. Tax Court in
Washington.
Lummis and other Hughes
estate executors claim the estate is
worth only $180 million. The IRS,
however, claims the executors de
valued everything.
Death taxes on the Hughes
estate are a whopping 77 percent
because the tycoon died in 1976
without leaving a will.
Hughes’ Summa Corp. is a
holding company with interest in
four hotels, six casinos, a helicop
ter company, Hughes Air West,
real estate, mines and other
businesses.
SPRING-CLEANING
RECORD
CLEARANCE!
Albums &
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University Book Stores
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UH assistants stop
sickout for money
United Press International
HOUSTON — Citing “hard
SPRING ELECTIONS
AGG/^
OFF-CAMPUS AGGIES
announce
LEADERSHIP OPPORTUNITIES
for qualified Aggies
filing Closes: March 9, 1981
Room 216A NSC 9 a.m.-5 p.m.
For information on officer
positions in OCA call:
845-1741 845-3051
Previous campus leadership experience required.
Area credit needs evaluated
By MICHELE ROWLAND
Battalion Reporter
Three Texas A&M University
graduate students are helping
Brazos County financial institu
tions evaluate community credit
needs and how well the needs are
being met.
Pam Ellis, Deina Collins and
Marshall McOutline are sur
veying a minimum of 200 people
to determine how responsive
banks and savings and loan asso
ciations are to community finan
cial needs.
The the three are graduate stu
dents working on their master’s
degrees in business, and will re
ceive three hours credit for the
project.
Supervisor of the project, Dr.
Malcolm Richards, head of the
Department of Finance at Texas
A&M, said he chose students that
could benefit from the project and
could carry it out in a professional
way.
Area financial institutions will
use the survey results to help
them comply with the Commun
ity Reinvestment Act of 1977
(CRA).
The CRA encourages financial
institutions “to help meet credit
needs of the local communities”
and to pay special attention to the
credit needs of “low- and moder
ate-income neighborhoods.”
For this reason the students
will be calling low- and middle-
income families specifically, Ellis
said.
Through the results of the sur
vey, the College Station Bank
hopes to gain some indication of
what financial services people
need, said Thomas H. Aughin-
baugh HI, executive vice presi
dent.
“This will serve as a base for
self-examination, ” Aughinbaugh
said.
If the results show that the bank
has not been responding to com
munity needs, it will make every
effort to improve its responsive
ness, he said. If feasible, the bank
will try to offer whatever services
are requested.
The students’ survey will also
be considered by federal regula
tory agency examiners in their
evaluations of the bank’s com
pliance with the CRA.
Failure to comply with the act
could cost a bank its charter re
newal and any chance for expan
sion.
The act affects approximately
19,000 institutions in the United
States: all federally insured banks,
mutual banks and savings and loan
associations.
The College Station Bank is
only one of several area financial
institutions sponsoring the stu
dents’ survey. Among the spon
sors are First Bank and Trust,
Bank of A&M, Farm and Home
Mon.-Fri.
Sat.
Lindsey’s
JEWELERS
Savings and Loan, Citizen’s Bank,
Commerce National Bank, and
University National Bank.
10 a.m.-9 p.m.
10 a.m.-7 p.m.
Manor East Mall
Lindsey’s
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