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Thursday, December 0, 1G33
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Univercity of Nebraska-Lincoln
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Vol. 82 No. 70
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' 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 " ;
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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.
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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.
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"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.
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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
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Arts end Entsrtcinmsnt 13
Classiiicd 13
Crossword 13
EditorU , 4
