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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Jan. 17, 1985)
Thursday, January 17,1985/The Battalion/Page 19 NEWS n Florida international banks growing from Latin capital United Press International nask, posedk| MIAMI — Latin flight capital eeking a safe refuge from unstable one of theslleconomies has all but dried up, but s made by M foreign deposits are continuing to panythauul pour into Miami’s international anks. Lured by Miami’s gateway-to- iouth-America location and growth ts an international financial center, the pool of foreign cash in Miami is now at $15 billion, Florida bankers say. The U.S. Attorney General insists some of the foreign currency is illicit drug money being laundered in Florida banks. But bankers say the najority of the foreign cash is from crease he a; ransactions that used to be made in Panama, the Bahamas, Grand Gay- nan and other offshore bank oranches, away from costly U.S. banking regulations. South Florida pulled ahead of New York in its number of Edge Act Banks last year, despite the move by few to close their Miami opera tions, as thousands of exporters went out of business because of the Latin debt crisis. J. Antonio Villamil, corporate conomist for Southeast Bank in Mi- mi, predicted more Edge Act anks, branches that can be set up in money centers to conduct interna- t a year. Hk ic known ; become hi* d, market v* it a nickle,"lK king themiif Now, they'd ch. 1 went n m t ion in one that cos list Malcolt robably th e toy soltfa on of neark ifficult to it lid, "and kt- , 200-pouttl School Hat- — "an y« would be f# it lead outol is the ram hat holds tit two detaild id table mod- and thisisi e said. "Thet red tables, tt j gies and so • toys ctibles, Pan oys of todai uable as tht iers have be Corps (continued from page 1) ■ ra id ades my sophomore year than I id my fish year. I wasn’t under any tress.” Simpson said all freshmen wore a ish stripe, and once the stripe was aken off you were officially an up perclassman. y “We didn’t wear white belts and ilack belts back then,” he said, “but if you didn’t wear a fish stripe you were, per se, an upperclassman and were treated like one.” Freshmen and sophomores in the brps now wear black belts, whereas uniors and seniors wear white belts, to the feder<! TTe belts serve as a method of class distinction. In 1950 the freshmen were moved back onto campus, but still were segregated from the upper classmen. The freshmen were of tax-law housed on the north side of campus. Director of Business Services Don Powell, Class of ’56, was one of those freshmen. Powell said he did not ?nl roperty, anc personal ami -educed item- ;s frustrated ssed.H i Donald Re ns for moil’ isidences. t the tax dt- dences. and sman have figured :h a proposal o simply tale on their pri- >r the second ht remain le- are revised, e — as sure! :ment, would know of any hazing of freshmen while he was in the Corps. Powell, a former Aggie bandsman, said Col. Adams (direc tor of the Aggie Band) held inspec tions every week to see if anybody had been beaten. “Nobody ever was,” he said. “I know nobody in my class was, in the band.” The freshmen had their own band with about 120 members, Pow ell said. Two seniors, two juniors and two sophomores were in charge of the outfit. He said other than in class land on campu£, those upperclass men were the Only upperclassmen the freshmen encountered. Powell said that as an upperclass man “I did have people (under classmen) run little errands for me,” he said. “That was common practi- ; ce.” Though many methods of disci pline in the Corps have changed over time, some methods are dis guised as traditions. Senior cadet Louis Wilson said the Corps is dynamic. “It never quits changing,” he said. "Tne cadets that are in now have a unique experience to them,” Wilson said. “We see a different Corps of Cadets than they saw in 1950, 1930, or 1910. Although what happened then has an effect on us, we cling to tradition so much sometimes with out ever thinking maybe they screwed up, and maybe we’re screwing up, too.” Since the death of Goodrich, Commandant Donald Burton and his staff have been taking some con trol away from the cadets and imple menting new policies in an attempt eliminate hazing. But former cadet Will Walton, Class of’83, said he is not sure taking control away from the cadets is the answer. “A guy coming out of high school isn’t going to respect a guy one year older than him unless the upper classman has got some control over him,” Walton said. “Nobody’s afraid ofadog with no teeth.” Simpson said much of today’s hazing is the result of an attempt to replace the board — an axe handle or paddle used to beat the behinds of underclassmen. “I think a lot of these other things (methods of hazing) have crept m because they took away the board,” Simpson said. “They were substi tutes for it (the board).” Simpson said the board was used extensively for disciplining when he was in the Corps. Though other methods of hazing may be poor sub stitutes for the board, he said, they are improvements over the board. tional business, may close or cut back operations in 1985. With the creation of international banking facilities (IBFs) in Decem ber 1981, U.S. banks were allowed to open separate sets of books and bring foreign deposits here. The money must stay for at least two days. The $15 billion worth of foreign deposits in South Florida is up $1 1 billion in three years. Villamil said “over 90 percent” of the deposits are interbank transactions. “The growth in deposits is contin uing,” said Dennis Nason, a banker with Credit Suisse, and the former president of the Florida Interna tional Bankers Association which represents Miami’s 89 Edge Act banks and foreign banking agencies. The biggest loser has been Pan ama, Nason said. Panama, which has grown into a leading financial center for Latin America, has about $26 bil lion in foreign deposits. Although the once robust level of Latin flight capital slowed to a trickle last year, bankers said international banking in South Florida remains strong because of its diversity. Foreign banks from Tokyo, Can ada and Europe are continuing to open agencies. The agencies and representative offices — there are now 50 — are allowed to book for eign loans to finance trade as well as take foreign deposits from custom ers. They are restricted from taking U.S. deposits. “This is a change in structure, a positive change for Miami,” said Vil- tamil, who said the foreign agencies are creating a more sophisticated fi nancial community in South Florida. “The shift taking place is making it more than just an international banking center with a small number of Edge Acts taking foreign depos its,” Villamil said. “These are long term players. They will probably in crease their presence here.” The bankers said another reason for optimism is President Reagan’s Caribbean Basin Initiatives and the improvement in Florida’s foreign trade industry last year. Miami banks are positioning themselves for the next 10 years to benefit from making loans to busi nesses in the Caribbean and Central America as markets develop. “One by one, as the Latin coun tries get their debt in manageable form, they can take advantage of tra de,” Nason said. “We’re in a good position in Miami to finance that trade. We tend to do it faster than New York.” Woman faces court battle to protect rights of geese Associated Press PLYMOUTH, Mass. — An ani mal lover won a jury trial on charges of shoving two hunters who were stalking geese near her home, and said she would try to prove that “their right to kill does not super sede my right to protect life.” After a brief hearing in Plymouth District Court, Dorothy Checchi- O’Brien said, “It was a matter of hav ing my peers judge me” on assault and battery charges filed after the Dec. 10 incident. Checchi-O’Brien, 4-foot-ll, 115 S ounds, allegedly assaulted the unters when she confronted them at Ship Pond near her home in the Manomet section of Plymouth. Judge George A. White granted Checchi-O’Brien’s request for a Feb. 5 trial at Wareham District Court, which is closer to her home. If convicted, she faces a maximum sentence of 2‘/2 years in jail and a fine of $500. She said she planned to go back to court March 13 to appeal a magis trate’s dismissal last month of her countercharges of assault with a dangerous weapon. “When this case was brought in, everybody thought it was a big joke,” she said. “But it was not a bigjoke to me. I want to have a fair chance.” Checchi-O’Brien said she con fronted hunters Steven Tyler and Michael Veloza last month after hearing gunfire at the pond where she has fed geese for the past 10 years. “I was screaming and hollering ‘Get out of here,”’ she said. “When I couldn’t get them to budge, I thought, ‘My Cod, they’re going to kill the geese right in front of my eyes.’ “So I walked toward one hunter and I heard this click and I said ‘Oh you big hunter, are you going to kill me?’ So I pushed him, I pushed his gun away.” Checchi-O’Brien claimed that the men told her they were hunting near her home to punish her for her anti hunting activities. “He was saying, ‘I’m going to teach you a lesson, I’m going to kill every goose on this pond,”’ she said. But Veloza denied her claims. “That is the most false statemenrl have ever heard in my life,” he said. “We had no knowledge of who this individual was. I gave her my name and address but she wouldn’t give me hers.” Veloza said he and Tyler were hunting on Cape Cod Bay, a legal hunting area, when they were at tacked by the woman. He said Chec chi-O’Brien was never threatened with a gun. “There was no pushing and shov ing action,” he said. “It was more like a beating and pounding on the chest. It was legal to be there and to pursue our sport, and Ms. O’Brien came down and attacked us.” During the hearing, Checchi- O’Brien’s attorney, Jack Atwood, was rushed to Jordan Hospital when he suffered chest pains. Atwood was admitted to the coronary care unit where he was reported in fair condi tion. >nrech Inc. is sponsoring a defensive driving razos Center, 3232 Briarcrest Dr. on Friday Jam ) pan, and Saturday January 19,8 a,m, to noon. Th 2d for a 10% liability insurance premium discount > cash. Registration is at the door. Call 693-1322 for Training Session Held Brazos County Rape Crisis Center will hold its lion January 21-26. Anyone interested in becoming 1 need to fill out m application and return it to the o 18* 1985. Call 779-7273 for further information. All Night Fair Applications MSC All Night Fair Committee has extended the ent organization booth applications to Monday, Jr“ tions may be picked up in the Students Prograi finance Center on the 2nd floor of the MSC. F in call Mike at 260-7053 or Chandy at 845-1515. TAMU After Hours Program wilt sponsor a Drivt n January 18-19, 1985, This course may be w J traffic violations dismissed and to receive a 19% lie insurance. Registration is held 8 a.m.-5 p. Friday in 216 MSC. Call 845-1515 for more ini Ford, Inc. presents +f AGGIF ONEMA/ The other side of WWII Sunday, Jan. 20 7:30 p.m., Theatre $1 - 50 .JJL THE Tau Kappa Epsilon Jan. 17 Thors. Jan. 24 Thurs. Jan. 26 Sat. 8:30 8:30 8:30 ALL RUSH PARTIES g AT TKE HOUSE 1 For More Info. 268-0462 ~ TKE House South College Texas 4 miles Parker “Make it a large, Medium charge” All you have to do is say “Make it a large, medium charge” when you order, whether you eat in or have it delivered. No coupon necessary. Good thru Jan 31. SPfC/Ai ptuvray Pi^a -Hut, I wrote... "Moke it o Large, Medium Charge. On a piece of paper and brought it to Pizza Hut®! Name Date Address Phone Good through 1/31/85 ‘Kut® North Campus 260-9060 501 University Dr. (Northgate) South College Station 693-9393 1103 Anderson (At Holleman) Hours: 11-12 Sun.-Thurs., 11-1 Fri. &.Sat.