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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Dec. 8, 1983)
I w I w Thursday, December 0, 1G33 i mjlJlV n ( 1 ' B I S I 1. J 1 IP . Univercity of Nebraska-Lincoln J Vol. 82 No. 70 EyJcfTGcoduin ' Compensation for Commonwealth Savings Co. depositors will not be included in next year's state budget, Gov. Dob Kerrey said Wednesday. "I think thai would be premature he said at a morning news conference. "We dent know what sort cf defici:ncy we have. We haven seen the final plan by John Miller (interim state banking director) yet. Kerrey said the state's obligation to Common wealth depositors b unclear. That's mere cf a leal question then a philosophi cal cr.e," he said. Lcaly, h(the state) my have an cbll-atien. Philosophically, I'm net sure it does. If I make an investment, are you required as my neigh bor to come in and bail me cut if that investment Kerrey said he expects the final Commonwealth report to be completed thb week. He said he would make the report's contents pub lic "reasonably seen, o Ion ci it takes me to read it and see what it says." Kerrey said he has no ejections to a proposed Legislative Investigation .'of Commonwealth but, added that e ach an invest Ration 8 h ou!d be cautious in its approach. "I tend to eree with there cenr.tors who say we need more information before we can start an inves tiaticn " he said. Th ry ehculd know what they're looking for before th-y start" Kerrey said' he wa3 in what he called the "third phase" cf drawing up the state fcudfat He said the bud'et should be completed by Christmas and would be presented to the Lelature in January. Kerrey also said the amount cf a proposed pay raise for state employees h still uncertain. " "It's still not definite that well be able to hold to that eight percent goal (the proposed amount)," he said. "I would expect it to be there but I can't gua rantee it at this point." v " ; it v ; Sutf photo by Craig Andrtwn Gov. Deb Kerrey UNL groups vmstam about frozen funds Several UNL organizations are amen depositors who have funds frozen in the ir.r?u-t. Ccmmen- . wealth Savlr::!3 Co- ccccrdir.! fc umczrAer unirrtv u:::zTi?.z ijcnrt. The list, filed by the state Department of Banking, contained 15,627 accounts cf both individuals and organizations. One of those organizations is Alpha Lambda Delta, a UNL freshman honorary, which was re ported to have $6,671.95 in Commonwealth. Todd Newell, president of Alpha Lambda Delta, declined to comment on the report, saying, "We're going to wait until we get some concrete facts about the situation before we say anything." Another campus organization that dealt with Commonwealth was the Lutheran Student Center. y y y y '): L J y - i I :y:?s'X)y..n ,me " v , v.. , bncfc in tlwjlo The center wr3 reported to have $229.36, in the bonk, llarv Brinkman, program izz L'jtant at the cen- ter, said the funds belong to a ladies' auxiliary of the Connie Decker, president cf the Ladies' Auxiliary, confirmed that her p-oup had more than $200 in a Commonwealth account . "It could have been worse if we had had more money in there at the time," Decker said, explaining that the auxiliary has had more than $2,000 in Commonwealth on previous occasions. "It's not'as bad as it could have been," she said. "But I'm hoping well get it back. It can definitely be used." Decker said the auxiliary, composed of two repre sentatives each from various Lutheran churches in the Lincoln area, has used the money in its account on projects with the student center. ' "MY : ' , '? 5": '. "I guess well start from scratch with new dona tions," Decker said. . .TIie U.;;virc.Ity Incrv a-tcuriag chorus from UTL, va3 another Ccmm cr.'.vcalth depositor, but one luckier than most, said G. Edward Bruner, the group's adviser. The listing found the University Singers with only $14.83 in Commonwealth. The money generally is kept as a "floating account used for funding while we're on tour," said Bruner, an assistant professor in uie ouiiuoi ui Music. "We're in good shape as far as that's concerned " Bruner said. "I'm hopeful that theyll be able to sell the institution." : Delta Upsilon, a UNL fraternity, was also listed as a depositor with Commonwealth. It had $350.07 on account. . : Walt Landwehr, president of Delta Upsilon, said that to his knowledge the fraternity had no money in the bank when it was taken over by the state Nov. 1-i . ; -V. " " - "I'm sure I would have heard about it if that was the case," Landwehr said. -"ljTTjj Ifisid UNL students evaluate tho situation In Leba non in today's Campus Quotes ..... Pc3 4 A UNL history professor explains tho un usual beginnings of some common Christ mas traditions Pc-iS Columnist Chris Welseh writes of Pears and Psstrami Ps"3 13 UQQX Arts end Entsrtcinmsnt 13 Classiiicd 13 Crossword 13 EditorU , 4