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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 5, 1983)
Page 6/The Battalion/Monday, September 5, 1983 S&L applications hit record high United Press International AUSTIN — The Texas Sav ings and Loan Department has received 21 applications for new S&L associations this year — a record number for the state — and an equal number is in pre paration. Only three new applications for new S&Ls in Texas had been Filed at this time last year, and just nine were received by the end of 1982. The 1983 figure is believed to be a record for new S&L applica tions, despite the losses and de posit outflows the industry has suffered in the last three years, 1WSC Cnafjt Centen Craft Workshops Monday, September 12, 1983 Beginning at 10:00 a.m. MSC Craft Center Eligibility: Anyone over 18 years of age can enroll in our workshops. Fees for TAMU students are set at Si.50/Instructional hour, because ou Is subsidized by student service fees. Fees for non-students are set at $1.80/1nstruct1onal hour, and all non-students must als a S2.00 Craft Center identification card. All fees must be paid when registering. Texas Savings and Loan Com missioner Lynn Bowman said. Of the 21 new charter appli cations, seven are in Harris County and four are in Dallas County. Industry observers said lo wered interest rates, an upswing in home construction and sales, plus a deregulation of financial institutions that will enable S&Ls to operate more like commercial banks have combined to make S&Ls attractive to entrep reneurs and investors. “A new organization can start out without a lot of low interest mortgages on its books that drag down profitability,” said Dur- ward Curlee, executive director of the Texas Savings and Loan League. “You can make new mortgages at prevailing interest rates, and those mortgages don’t have to be fixed-rate, either. “New laws give S&Ls more powers to make commercial loans,” he added. “So, in ess ence, they are almost identical to banks.” A similarity among the prop osed S&Ls is that they are being formed as stock companies, rather than mutual associations. A stock company S&L is identic al to any other company, with a series of founding stockholders, that eventually offers its shares publicly. The Federal Home Loan Bank Board, the principal S&L regulator is promoting the rise of stock company S&Ls because they provide extra capital access. Edwin Gray, chairman of the Federal Home Loan Bank Board, told the Texas S&L League that stock conversion and marketing of flexible rate mortages are keys to the survival of the S&L industry. Workshop fees will be refunded 100% four days prior to the first class meeting, provided your concellatlon does not place the class bel Its minimum enrollment of five students, and 0% after the four days prior to class limit. Full refunds are Issued if the class Is cancelled. Beginning Pottery 5:00-7:00 p.m. Craft Center Beginning Pottery State proposes new smog rules Norma Metzer Watercolor for Beginners Oct. 3,10,17,24,31 6:00-8:00 p.i Introduction to Calligraphy 7:00-9:00 p.m. MSC 137 Stacla Ogles-Smlth Beginning Stained Glass Craft Center Connie Hester Oct. 4,11,18,25 Woodshop Orientation Woodshop Orientation Sept. 21.28 Oct. 5,12,19,26 Airbrush for Beginners Sept. 28 Oct. 5,li,19.26. Intermediate Pottery Craft Center Beginning Pottery Craft Center Beginning Stained Glass Craft Center Basic Watercolor Oct. 5,12,19,26 Matting and Framing 7:00-9:00 p.m. Craft Center Matting and Framing 7:00-9:00 p.m. Craft Center Matting and Framing Craft Center Intermediate Stained Glass Oct. 6,13.20,27 Craft Center Intermediate Pottery Craft Center Jewelry Casting Matting and Framing Oct. 6,13,20,*27 6:30-9:00 p.i 7:00-9:00 p.i Craft Center Pamela Hamlett Craft Center Connie Hester United Press International EL PASO — The state plans to ask American Smelting and Re fining Co. to spend $15 million on new pollution controls over the next five years, but execu tives say they plan to fight some of the costly proposals, a Dallas newspaper reported Sunday. The Texas Air Control Board said it will propose the costly changes in October, but Peter DeSantis, general mana ger of of the firm commonly knowrias Asarco, asked, “Where is the money supposed to come from?” The plan, now under review and scheduled for an Oct. 6 pub lic hearing in El Paso, calls for Asarco to spend $3 million on plant modifications each year from 1984 to 1988. The Morning News said the proposed modifications include the addition of hoods and other devices to collect lead particles, the surfacing of unpaved roads on plant property, the addition of sprinklers to prevent agita tion of lead particles on the ground, the rebuilding of four smokestacks to make them taller and changing Asarco’s copper- refining process. According to the air control board, operations at Asarco put 347 tons of lead particles in the atmosphere in 1981. The con- UES S OF THE BEST •AY. L WORKSHOP 'SEPTEMBER 10,1983 RUMOURS Oam - 5 : 00pm FREE SIGN UP BEFORE LiOOpm SEPTEMBER FIRST GENERAL MEE SEPTEMBER 6 7=30 pm RUDDER 41i =£MS<; GUI .AI ISSUES trol board wants emission levels lowered to 329 tons by 1985 and is seeking a strict timetable for Asarco to follow in implement ing the modifications, the news paper said. Asarco officials do not argue that paving and sprinkling pro jects would reduce area lead readings, but they said they will fight the proposal to raise smokestacks. “We don’t argue that people should be protected from lead,” chief Asarco environmental sci entist James Sieverson said. “But a lot of the changes, like raising the smokestacks, are simply to satisfy their computer models and really won’t protect any body.” The plant, built along the Rio Grande in 1889, regularly violates state and federal lead emission standards at some checkpoints. But DeSantis and Sieverson said those infractions are registered only at monitors close to the plant, away from populated areas. Air Control Regional Super visor Manuel Aguirre said Asar co has reduced lead emissions considerably since DeSantis took over a year ago, but control board officials said persistent violations have forced the state to toughen its stance. Japanese styles now favored by hairdressers United Press International NEW YORK — The Japanese look now extends to hairstyles. New York hairdresser Donald Scott calls his new cuts “The Re-Oriented Look.” They are geometric, close to the head but not flat. Scott is among five hairdres sers from the United States, France, England, Italy and Japan scheduled to attend the Beautrec Hair Festival ’83 in Tokyo Oct. 14-23. The event is sponsored by Takigawa & Co., Japan’s largest beauty products supplier. THE m JTEE Around tom MSC Aggie Cim A&M. The committee i wide variety ol movie | it you would like 216 in the MSC or ca otherwise stated. Attention classic Aggie Cinema will br presented on Sunday international lilms. For at845-1234 Student groups must be recognized] tdinplf;l During September, all student organizations mustco a signature card and update their constitutions in ordertolJ recognized by the University as a student group and toti advantage of the benefits of a recognized organization. S ature cards, records of the officers and activities of a gn can be obtained in the Student Activities Office, 20oP®| lion. If an organization elects new officers during theyeaJ new signature card must be completed. Madrigal dinners needs performers During the next two weeks, the MSC Madrigal Dinners be auditioning performers for its annual Christmas pi ram. Instruments — including brass, strings, recorden others — and all voices, especially men, are needed. Dinners will be held Dec. 1,2,3 and 8, 9 and 10 in Memorial Student Center. Performers or anyone interested in helping with Madrigal Dinners can contact Annette Richardson, man, at 845-1515, or Patty Fleitas, artistic director, at 6942. Siturday. August 27 FAST TIMES AT Awesome Take a humc Inendly and lianiic ide school clown who has t With music by Jackson and Stevie Nicks R Grom 8 45 p m and M Wednesday. Septeir THE ROSE Belle Midiei gives a slu a lock slat caught up diugs To hei Ians she and hei loved ones s Giammy awaid-winmn Joplin mlljence ol the R Rodtfar Diaalra 7 30 p i hi McElroy/78, promoted to manager] Former student Ted McElroy was promoted to managenj me the tax division of the Houston office of Arthur Andei and Co., an international audit, tax and information ing firm. McElroy will be in charge of divisions covering and gas, manufacturing, finance and health care, and ulated industry and construction. McElroy, from Wilton, Connecticutt, graduated fn Texas A&M in 1978 with a bachelor’s degree in busii administration, and in 1980 with a master's degree. Texas A&M, he received the Thomas W. Leland Award was named an outstanding graduate student. He wasa her of Phi Eta Sigma, Phi Kappa Phi, Beta Gamma Si| and the Accounting Society. Welcome Back picnic next Saturdm The annual MSC Welcome Back Picnic will be held Satffll day, Sept. 11, at Bee Creek Park. It’s free and everyone! welcome. Food, games and keg beer will be available, begi ning at 1 p.m. a Friday. September THE VERDICT fl Riidtar Audllodum 7 Saturday. Septeml DIVINE MADN one ol Ihe most law R Ruddar Dwitn Mid Wednesday, Sept BEING THERE BtING THERL stars men nolion humorous and msi( television has on Douglas. Shirley M was nominated loi 1 PC ftpMtf Thiitr, r Singing groups to hold auditions All four Texas A&M vocal groups will hold auditiorj through Sept. 9. The groups are: the Century Singers, a mixed choir;tl Reveillers, a mixed jazz ensemble; the Singing Cadets, a male group, and the Women’s Chorus. Interested students may sign up for auditions betweenl a.m. and 5 p.m. in room 003 of the Memorial StudentCeit| ter. For more information call 845-5974. Student “Y” sponsors Blue Bell feasil The Student “Y” Association will sponsor a Blue Bell it cream “extravaganza” Tuesday evening at 6:30 in the MSC Ballroom. Everyone is invited to attend and get the scoopof the Student “Y” and have some free ice cream on the tl To submit an item for this column, come by the Battaliol office in 216 Reed McDonald or contact Cheryl Burke<| 845-2611. TEXAS A&M ENGINEER MAGAZINE Friday and Satur TOOTSIE Duslm Holl|han shi portrayal Ol a mar survive as an ad Academy 1 Award I hilarious comedy PC Ruddpi Ttinlri. Friday and Satu TOMMY Scored by and sla ol Tommy, a Iroub Gieal stars suen a; Reed round oulIhr lock visual experu PG. Rudder Theatre Sunday. Seplen MODERN Til The classic Chap Iramp as he conlr made as ihe little Pioduced. diredei G. Rudder Theatre. Wednesday. Si TO KILL A Gregory Peck re brilliant portrayal Iron 1962. The li defend an accui Mississippi. Base Harper Lee. ' Unrated. Rudder Th ...IS LOOKIN' FOR SUPER STAFFWRITI :iL Cr <5 If you are young, aggressive, and like seeing your name in pi then please, attend our first.. ORGANIZATIONAL MEETING WED. SEPT. 7 342 ZACHRY 7:30 P.M