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Thursday, March 1, 1934
University of Nebraska-Lincoln
Vol. 83 No. 111
1 v ! ! (rHY' )i iwra IN
Claims Board approves
olan for Commonwealth-
The State Claims Board on Wed
nesday approved a plan to revive .
Commonwealth Savings Co. with $60
million in state funds. The board
acknowledged a "strong possibility
of some liability on the part of the
state" for the savings and loan insti
tution's failure.
The plan will advance to Lancas
ter District Court for review. If ap
proved, the plan will move to the
Legislature where members can ac
cept, reject or amend the measure.
Board members voted unanimous
ly to approve the plan in concept,
but'not in every detaiL
The board was acting on a class
action tort claim, which was
brought by Lincoln attorney M. J.
Bruckner on behalf of Common
wealth depositors. The claim sought
$66 million from the state for failing
to successfully regulate financial in
stitutions, including Commonwealth.
Major elements of the plan in
clude: Paying $60 million in four install
ments during the first year the reor
ganized institution begins operat
ion. Giving the state an interest
bearing certificate of indebtedness
for its investment. The certificate
would return $47 million to the
state treasury in principal and inter
est payments.
Selling $5 million preferred and
common stock to private investors.
Repaying depositors up to
$30,000 within three years of re
organization. Issuing preferred stock to dep
ositors for the amount more than
$30,000 they had in Common
wealth. The NDIGC guaranteed ac
counts up to $30,000.
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- Cava TroutaDi:!y ftrsskan
Marvin Potter, a UNL maintenance worker, steeps to reach every cpot 3
' the maintenance crews psisted end repaired the f cr.ees Eurror.dir. the
tennis courts near the Military iid Navel Sciences CuiLS&s Wednesday
afternoon.
Lincoln is possible film site
Amazon women who land on earth
and take over a shopping mall, Salberg
said. It is "your average wacky comedy
but well-written, he said.
So far, Salberg said, casting women
to play the Amazons has been a problem.
He said he is looking for attractive
women taller than 5-7.
Salberg said one of his . associates
was in Nebraska recently, secretly look
ing at locations in Lincoln, Omaha and
Grand Island.
Aleut seven years ago, Salberg said
he worked at a sales job in Nebraska,
lie said he was somewhat-impressed
with the "Good Life."
By Jean Kcrinek
Lincoln could be in the movies again
if chosen to be the filming location for
an outer space Amazon movie.
Lincoln and Omaha are being consi
dered because they are generic-looking,
Ail-American towns, said the movie's
writer and director, Michael Salberg of
Chicago.
Pittsburgh, Pa., Detroit, Mich., and
Indianapolis, Ind., also are candidates
for the filming locations, Salberg said.
He said he will look at local talent
before making the final decision, which
should be in three to four weels.
- The movie is a comedy about alien
Restructure
oian
j
T TV
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to cost taxpayers
By Stacic Thomas
Gov. Bob Kerrey refused to com
ment on the Commonwealth restruc
turing plan approved Wednesday morn
ing by the State Claims Board.
"It's a very delicate situation and one
that I don't want to disrupt by prema
ture comment," Kerrey said in his week
ly press conference.
The restructuring plan would re
quire the state to pay $60 million to
Commonwealth depositors.
Kerrey has been working toward an
18 percent income tax, but said the
lower tax would be in jeopardy if the
restructure plan were adopted.
"We will have to take a very hard
look at the budget if we have to pay out
that $60 million," Kerrey said.
One area Kerrey said he does not
want cut is the state employee pay-for-performance
raise. Kerrey said the
employees deserve it and the raise
shouldn't wait.
Kerrey said the raise is important
because it would provide employee
incentive. Incentive is a management
tool government needs, Kerrey said.
In reference to Sen. Gary Hart's vic
tory in the New Hampshire primary,
Kerrey said, "I thought it was terrific."
Kerrey said he liked Sen. Hart but ad
ded, "That's not an endorsement."
Kerrey also discussed his recent trip
to Washington D.C., for the National
Governors' Association conference. Ker
rey said the trip convinced him there is
a need for a constitutional amend
ment to require a balanced federal
budget. He said President Reagan's
administration has proven that an amend
ment is necessary.
"If President Reagan believes in a
balanced budget, he should have pres
ented a balanced budget," Kerrey said.
Kerrey said one of the accomplish
ments of the NGA conference was that
John Block, Secretary of Agriculture,
now recognizes that midwestern farm
ers are not just at a point where they
are going to shake out more bad man
agement. Kerrey said Block thinks an
interim solution to the financing and
financial problems of farmers is necessary.
Union Board elects officeFt
By Jonathon Taylor
Stressing board cohesiveness and
the establishment of definite goals,
sophomore Mary Marcy was elected
Nebraska Union Board president for
the 84-85 term during the board meet
ing Tuesday night. .
Marcy, a broadcasting major, said
she was "really excited," about what
the board could accomplish this year.
"I got a lot of ideas during this past
year, and I'm anxious to work on the
various ideas," she said.
In her election presentation to the
voting board members Marcy suggest
ed that the board ' president could
attend Union executive staff meetings
to gain background information on
issues introduced to the board. She
said other board members should
have regular hours in the union office
to see all sides of the union organizat
ion. Other goals Marcy set included month
ly committee chairperson meetings, r
possible union ownership of the vend
ing machines in the South Crib and
hiring a public relations assistant to
promote and advertise the union.
Todd Knobel, junior agriculture
major, went unopposed and was award
ed the vice president position. Junior
arts and sciences major Diane Davis
was selected as board secretary.
In his election presentation, Knobel
said he would work with the commit
tee structure to ensure the various
committees were making progress and
getting things accomplished.
Daryl Swanson, union director, pre
sented a letter that questioned the
future of the three-panel painting by
Nebraska artist, Elizabeth Dolan, locat
ed in the women's first floor lounge in
the union. '
Another letter, written by Sheldon
Art Gallery director George Neubert,
also was read. Neubert said in the let
ter that he has inspected the painting
and concluded that it would be a rela
tively simple procedure to remove the
painting from the wall because the
murals were painted on canvas and
applied to the wall with adhesive.
Dolan also was responsible for the
background murals behind the Morrill
Hall displays, Swanson said.
The board also discussed the prob
lem of alcohol abuse during Cornstalk,
scheduled for April 27 on East Cam
pus. Swanson said he did not want to
see Cornstalk eliminated, but some
action had to be taken against alcohol
consumption.
Inside
Women's History Week
focuses on the lost heritage of
women and their contributions
PZ"2 6
Highlights, the Daily
Nebraskan's new entertainment
guide, makes its debut today
P3 7
Bill Allen offers a big "Howdy,
y'all" to allstate basketball tour
nament fans P23 23
Inde
Classified 22
Crossword . . 23
Editorial...... 4
Highlights.. 7
Off The Wire
Sports 23