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') CIET, f MR . EM 7 1 t Year No. 2( 8 (. mm lfr-- H rttj?.' fi 7 wwrn, W J 5. 979 1 4 Pages 1 5 Ont Ration plan to be revised United Pews Internattocal California took steps Monday to re-quire half its service stations in gasoline-- starved areas to open on Saturdays and Sundays and the inadequacy of the odd- eve- n rationing plan now in effect was reflected by absenteeism at aty county and state offices State officials met with the oil in-dustry s retailers and wholesalers to draw up a plan to keep pumps going on weekends possibly alternating bet ween stations having odd or even business registration numbers Richard Maullin, chairman of the state Energy Commission said m answer to a reporter's question mat Gov Edmund G Brown Jr was prepared to use National Guard troops to keep stations open on weekends Nobody is looking for any more trouble than we already have,' Maullin said. In the extreme, and it would be an incredible extreme the answer is yes. But we expect cooperation from operators After a weekend in which less than one station in 10 was open Sunday, parking lots set aside for aty, county and state employees in the Los Angeles Civic Center had in some cases less than half the ordinary number of cars usually found on a Monday morning Commercial lots also were thinned out Kenneth Hahn chairman of the county Board of Supervisors, said there unquestionably was some absenteeism by government workers. Hahn said, however, it was more a case of people coming in late because of having to watt in lines, going out at noon and leaving early to find fuel. He said the overall situation in Southern California was critical If this isn t the worst crisis we ve had it comes close to it because it af fects everyone, he said. We have our earthquakes and fires and other disasters but they affect relatively few people" California also sought to alleviate the crunch by filing suit in federal court in Sacramento Monday to halt a planned 43 percent cutback in the Amtrak passenger tram system Amtrak s service m Southern Califorma particu-larly the San Diego- Lo- s Angeles run has boomed in recent weeks While the gas drought was by far worst m the nations most populous state it was beginning to crop up in more sections of the country from coast to coast. Glen T Lashley spokesman for the American Automobile Association in Washington, D C, said that about 90 percent of the stations in the capital BflHRBHHaVBSRKBBBsHHBBflSflOUl& BS& BBBSsSBB The California gasoline shortage prompted a Los Angeles delivery service to resort to an old- fashion- ed solution were closed Sunday In the Washington area they literally panicked last week, he said Today we are back to fairly normal If people will maintain their normal shopping habits we can get through this crisis all right In the state of Washington, Bill Victory of the 600- memb- er Evergreen Service Station Association said members will be asked to Q green flags today if they are open, yellow for emergency vehicles only and red for no gas The supply situation for the state of Washington both eastern and western is getting tight, Victory said That position will remain for at least the next two months In Denver the Colorado Petroleum Retailers Association decided not to join a proposed May 17 20 shutdown by service stations to protest the failure of owners and attendants to get a fair share of the increased pump prices A hearing was set for Wednesday in Superior Court in San Francisco for an injunction to forbid California stations to join the protest. In Buffalo NY Noman Grapes ex ecutrve director of the United Gas Re-tailers of Western New York, insisted that motorists are not really going to feel the crunch if drivers and dealers discipline themselves I ma consumer too just like everv body else The last four years I would go fishing up in Canada but this year fm staving home I bold no animosity against tourists but Fm going to take care of my regular customers first They are the ones who give us our bread onrt hiittor aii year around Insight U. S. imports from China to increase By Robert Grabbe United Press Iateraatfeaal PEKING The United States Monday stood on the threshold of an era of greatly expanded imports of goods from bom China and the Soviet Union. In Canton, Secretary of Commerce Juamta Kreps initialled a hastily concluded general trade treaty with the Chinese government that called for China to receive most- favor- ed nation ' status in its commerce with the United States. That grants China the same inmiiTntm tariff rates Uncle Sam charges Japan Western Europe and other favored trading partners. The same favor almost certainly will be accorded the Soviet Union as a result of the successful conclusion of the SALT n talks on nuclear weapons control As a result, the State Department will achieve its long- standi- ng goal of Related story Page 8 assuring that China and the Soviet Union get most- favore- d nation status at the same time Before Mrs. Kreps came to Peking, diplomatic sources in the Chinese capital doubted a trade treat between China and the United States, which did not fully nonnauze tbeir relations until Jan. 1, could be wrapped up during ber visit. However, the SALT agreement, which forecast moat- favore- d nation status for the Sonets, gave the Chinese an incentive to move quickly And Mrs. Kreps wasted the political coup of wrapping upthe treaty during her tour Working- lev- el Chinese and American economic diplomats negotiated non-stop dunng ber visit to enable Mrs. Kreps and Chinese Foreign Minister Li Qumg to initial the pact before the end of the commerce secretary's 10- d- ay China tour One acute question was how to pro-tect American firms that supply technical know- bo- w to China from patent uifringeraent Another complication was the ques-tion of emigration from China and the ( See EMIGRATION, Page 14) In town today I ajta. Boone County Court meets, fifth floor, County- Cit- y BuQding 7 pjn. " Decision Making," Single living Series, Ecumenical Center, 813 Maryland Ave . free 1 pm. " Tartuffe," Stephens College Playhouse, $ 3 MsffcUsttagsMiPaaeU Teachers, students to carry message School board plans for vote on tax levy By Lynda Gorov and Nancy Heinberg Mfeseerian staff writers We are depending on teachers and students to carry the message, Super mtendent Russell Thompson told the Columbia Board of Education Monday Right The message? Passage of a proposed $ 3 5 million school bond issue slated to go before the voters m a special election June 5 definitely is needed Thompson told the board at its monthly meeting the bulk of the money would be used to repair and modify facilities and equipment He stressed the issue would not increase the present tax rate Residents would be required to pay the current rate for an additional three years Election notices were posted Monday in 21 places in the school district. Also at the meeting the board Approved Thomas J Huddleston as the new director of business ser vices Huddleston succeeds Ed Saun-ders who reared this year Huddleston has served since 1973 as superintendent of schools for South Iron R 1 School District in Annapolis Mo Heard a presentation from Peter Herborn a social science teacher at West Junior High School, on a reduction- in- forc- e proposal for the board to adopt as a rule The proposal outlines exactly how teacher layoffs would be made as enrollment decreases It treats all staff fairly and it is necessary in case it happens Herborn said. Although Herborn is president of the local chapter of the National Education Association a teachers union not recognized by the school board he did not speak on behalf of the union Heard a report from Assistant Su-perintendent Harold Steere on an ad-ministration plan to set up a committee to search for gifted students at the ele-mentary and secondary levels He also discussed a program to promote writing in all subject areas at the secondar level The program will use grant money from the state s educaUon department beginning Jul 1 The grant provides $ 65 090 dunng the first year and 25 oercen. reductions for uie next two years v Learned the name of the mystery donor of 1 8 acres ( 72 hectares) of land adjacent to Rock Bridge Elementary School Richard Paxton, Route 4 donated the land after the school asked to purchase it. Recognized Agnus Ader 1209 Jean Rae Drive for 16 years of secretarial service at Ridgeway Elementarj School. I am pleased to recognize an outstanding member of our support staff said Assistant Superintendent Jim Ritter upon making the presen-tation. Heard President Patsy Garner report her impressions of the National School Beards Association meeting in Miami Fla At the meeting educators discussed tee future of education. She said most of ber previous ideas were reinforced, but she realized school board members will have to become more active for control of schools to remain at the local level Man performs surgery inside his own stomach CHICAGO ( UPI) A 22- year-- old man suffering from a history of mental disorders performed surgery deep in his own abdomen for eight hours in a college dormitory room with a prea sioo that astonished skilled surgeons The man spent months preparing for the operation to denervate his adrenal glands ' by studying surgical texts and acquiring the necessary instruments and medication, said Dr NedH Kalui of the University of Wisconsin Clinical Services Center in Madison. Kalin wrote about the surgery in an article published in this week's edition of the Journal of the American Medical Association. The amateur surgeon disinfected his dormitory room, draped sterilized sheets over his body and uk surround-ing area, swallowed barbituates for anesthesia and performed the operation wearing sterile gloves and a surgical mask He kept a canister of vaporized adrenaline at his side in case of a possible shock syndrome " Lying supine and looking into strategically placed mirrors to obtain an optimum view, be began by cleansing his abdomen with alcohol, the article said The incision was made with a scalpel, exposure obtained by retractors, and the dissection earned oat with surgical instruments After eight hours he had bad minimal blood loss but was unable to obtain adequate exposure to enter the retroperitoneal space because of the unexpected pain in retracting his liver Exhausted, he bandaged his wound, cleaned up his room, and called the police for transport to the hospital because of a " rupture"' Astonished surgeons at the hospital examined the man found his wounds to be remarkably dean and free of in-fection, discovered guaze bandages packed in his abdominal cavity and noted ligatures bed around major blood vessels, the article said. The surgeons closed the wound and the patient recovered. , Kalin said the man had a history of mental disorders relating to apparent sexual disorientation and told doctors he was attempting to relieve his mental illness' by attempting to denervate his adrenal glands He demed he was a transexual or wished to change his sex surgically but took daily doses of female hormones to supress his male sexual emotions Four months prior to his operation, he attempted an operation on his scrotum, again working meticulously for nearly eight hours before going to a hospital, where he requested a urologist to examine and dose las wounds There is a tragic paradox in this patient's dilemma, Kalin wrote He has mastered the concepts and techniques of medicines in an attempt to cure himself, when, in reality, we have little to offer him mat would result m effective treatment" Kalin recommended the patient undergo extensive psychiatric coun-seling ' Unfortunately he does not see the relevance of such a difficult and laborious task and is much more com-fortable spending hours in the medical library preparing for his next ' curative operation." Legionnaire's Disease blamed By Dave Para Mftswriaa staff writer Autopsy results confirmed Monday that the February death of a Columbia man at Truman Veterans Medical Center was caused by Legionnaire's Disease The results, sent from the National Coster for Disease Control in Atlanta, G , and the Bethesda Naval Hospital in Maryland, confirmed the first death as a result of the disease in central Missouri. Hurst John, 87, bad returned home Jan. 27 from a three- wee- k trip to several conventions in California and Arisen before being admitted to the " He was feeling lousy," said Us daughter, Martha Vdey, 2700 Green Valley Drive John was admitted on Feb. land died on Feb. 3 John's son- io4a- w, radio reporter Chris Edwards, reported the results Monday in a newscast on station KCMQFM. Dale CampbelL a hospital spokes-man, refused to comment on the details of the ' case, according to a report by United Press InteraattonaL The news service said be cited a Freedom of In-formation Act provision requiring written permission from a relative of a deceased person before medical infor-mation can be released. Campbell did confirm, however, that a single case of Legwnneire's Disease was diagnosed at the center " at some point in time" John's was the tenth case of the pneumonia- lik- e disease in Missouri. Previous cases include men from Jefferson Ctty and St Charles, who contracted it whQe attending a conven-tion of the Veterans of Foreign Wars last August in Dallas, Texas John had been an architect in Columbia for the past 33 years and belonged to several professional groups, inducing toe American Iasfr- tut- e of Architects and the American Registered Architects. He also helped organized United Cerebal Palsy of Missouri and served as its first presKMsn. Tight money supply makes home loans tough to come by By Steve Upson Mfsfoarian staff writer Columbia contractor Cal Pfeiffer recently asked his bank for money to build two houses, but because money is tight he didn't get it When banks dont have enough money for all the qualified people who want to borrow it then money is tight Money has been tight in Columbia for the last nine months and it keeps getting tighter For people who haven t done business with a bank for several years and for people who want loans that involve a lot of risk ( such as loans to start new busi-nesses) the banks here have no money to lend. Pfeiffer is trying to find money to borrow somewhere else but he says he isn t optimistic Even if he can't get a loan, be says, bell stay in the construction business, waiting for better tunes, just as long as he can ' put food on the table" People who would help Pfeiffer build a bouse sell him supplies and even sell the house after it was built will be affected if Pfeiffer can t get a loan ' You've got concrete people, electricians and plumbers who won't have work dther," Pfeiffer says Two things have made money ught in Columbia, says Mark Landrum, president of First National Bank and Trust Co First, demand for loans in Columbia has been strong all year, in spite of rising interest rates And second, the Board of Governors of the Federal Reserve System has restricted growth cf the money supply The board has tried to slow infla-tion by slowing the growth of the nation's money supply, which pmhM Interest rates up As a result C- ofamh-ia bankers can't afford to borrow money to meet the demand stortsiocs for loans The any money readily available to basks in Colombia money borrowed from other banks would be one example costs more than 10 percent But Missouri's usury law allows bankers to charge more than 10 percent only on certain types of loans, such ss loans to cor-porations. Colombia bankers say they have enough money to take care of their regular customers, but almost no money to finance housing con-struction. Bui Bates, president of Boone County National Bank, says bis back is making only a limited resBbercf? I ( See COLUMBIA, Page 14) 1
Object Description
Title | Columbia Missourian Newspaper 1979-05-15 |
Description | Vol. 71st YEAR, No. 208 |
Subject |
Columbia (Mo.) -- Newspapers Boone County (Mo.) -- Newspapers |
Coverage | United States -- Missouri -- Boone County -- Columbia |
Language | English |
Date.Search | 1979-05-15 |
Type | Newspapers |
Format | |
Collection Name | Columbia Missourian Newspaper Collection |
Publisher.Digital | University of Missour Library Systems |
Rights | These pages may be freely searched and displayed. Permission must be received for distribution or publication. |
Contributing Institution |
State Historical Society of Missouri University of Missouri--Columbia. School of Journalism |
Copy Request | Contact the State Historical Society of Missouri at: (800) 747-6366 or (573) 882-7083 or email contact@shsmo.org. Some fees apply: http://shsmo.org/research/researchfees |
County |
Boone County (Mo.) |
Description
Title | Full Page |
Date.Search | 1979-05-15 |
Type | page |
Contributing Institution |
State Historical Society of Missouri University of Missouri School of Journalism |
Copy Request | Contact the State Historical Society of Missouri at: (800) 747-6366 or (573) 882-7083 or email contact@shsmo.org. Some fees apply: http://shsmo.org/research/researchfees |
Item.Transcript | ') CIET, f MR . EM 7 1 t Year No. 2( 8 (. mm lfr-- H rttj?.' fi 7 wwrn, W J 5. 979 1 4 Pages 1 5 Ont Ration plan to be revised United Pews Internattocal California took steps Monday to re-quire half its service stations in gasoline-- starved areas to open on Saturdays and Sundays and the inadequacy of the odd- eve- n rationing plan now in effect was reflected by absenteeism at aty county and state offices State officials met with the oil in-dustry s retailers and wholesalers to draw up a plan to keep pumps going on weekends possibly alternating bet ween stations having odd or even business registration numbers Richard Maullin, chairman of the state Energy Commission said m answer to a reporter's question mat Gov Edmund G Brown Jr was prepared to use National Guard troops to keep stations open on weekends Nobody is looking for any more trouble than we already have,' Maullin said. In the extreme, and it would be an incredible extreme the answer is yes. But we expect cooperation from operators After a weekend in which less than one station in 10 was open Sunday, parking lots set aside for aty, county and state employees in the Los Angeles Civic Center had in some cases less than half the ordinary number of cars usually found on a Monday morning Commercial lots also were thinned out Kenneth Hahn chairman of the county Board of Supervisors, said there unquestionably was some absenteeism by government workers. Hahn said, however, it was more a case of people coming in late because of having to watt in lines, going out at noon and leaving early to find fuel. He said the overall situation in Southern California was critical If this isn t the worst crisis we ve had it comes close to it because it af fects everyone, he said. We have our earthquakes and fires and other disasters but they affect relatively few people" California also sought to alleviate the crunch by filing suit in federal court in Sacramento Monday to halt a planned 43 percent cutback in the Amtrak passenger tram system Amtrak s service m Southern Califorma particu-larly the San Diego- Lo- s Angeles run has boomed in recent weeks While the gas drought was by far worst m the nations most populous state it was beginning to crop up in more sections of the country from coast to coast. Glen T Lashley spokesman for the American Automobile Association in Washington, D C, said that about 90 percent of the stations in the capital BflHRBHHaVBSRKBBBsHHBBflSflOUl& BS& BBBSsSBB The California gasoline shortage prompted a Los Angeles delivery service to resort to an old- fashion- ed solution were closed Sunday In the Washington area they literally panicked last week, he said Today we are back to fairly normal If people will maintain their normal shopping habits we can get through this crisis all right In the state of Washington, Bill Victory of the 600- memb- er Evergreen Service Station Association said members will be asked to Q green flags today if they are open, yellow for emergency vehicles only and red for no gas The supply situation for the state of Washington both eastern and western is getting tight, Victory said That position will remain for at least the next two months In Denver the Colorado Petroleum Retailers Association decided not to join a proposed May 17 20 shutdown by service stations to protest the failure of owners and attendants to get a fair share of the increased pump prices A hearing was set for Wednesday in Superior Court in San Francisco for an injunction to forbid California stations to join the protest. In Buffalo NY Noman Grapes ex ecutrve director of the United Gas Re-tailers of Western New York, insisted that motorists are not really going to feel the crunch if drivers and dealers discipline themselves I ma consumer too just like everv body else The last four years I would go fishing up in Canada but this year fm staving home I bold no animosity against tourists but Fm going to take care of my regular customers first They are the ones who give us our bread onrt hiittor aii year around Insight U. S. imports from China to increase By Robert Grabbe United Press Iateraatfeaal PEKING The United States Monday stood on the threshold of an era of greatly expanded imports of goods from bom China and the Soviet Union. In Canton, Secretary of Commerce Juamta Kreps initialled a hastily concluded general trade treaty with the Chinese government that called for China to receive most- favor- ed nation ' status in its commerce with the United States. That grants China the same inmiiTntm tariff rates Uncle Sam charges Japan Western Europe and other favored trading partners. The same favor almost certainly will be accorded the Soviet Union as a result of the successful conclusion of the SALT n talks on nuclear weapons control As a result, the State Department will achieve its long- standi- ng goal of Related story Page 8 assuring that China and the Soviet Union get most- favore- d nation status at the same time Before Mrs. Kreps came to Peking, diplomatic sources in the Chinese capital doubted a trade treat between China and the United States, which did not fully nonnauze tbeir relations until Jan. 1, could be wrapped up during ber visit. However, the SALT agreement, which forecast moat- favore- d nation status for the Sonets, gave the Chinese an incentive to move quickly And Mrs. Kreps wasted the political coup of wrapping upthe treaty during her tour Working- lev- el Chinese and American economic diplomats negotiated non-stop dunng ber visit to enable Mrs. Kreps and Chinese Foreign Minister Li Qumg to initial the pact before the end of the commerce secretary's 10- d- ay China tour One acute question was how to pro-tect American firms that supply technical know- bo- w to China from patent uifringeraent Another complication was the ques-tion of emigration from China and the ( See EMIGRATION, Page 14) In town today I ajta. Boone County Court meets, fifth floor, County- Cit- y BuQding 7 pjn. " Decision Making," Single living Series, Ecumenical Center, 813 Maryland Ave . free 1 pm. " Tartuffe," Stephens College Playhouse, $ 3 MsffcUsttagsMiPaaeU Teachers, students to carry message School board plans for vote on tax levy By Lynda Gorov and Nancy Heinberg Mfeseerian staff writers We are depending on teachers and students to carry the message, Super mtendent Russell Thompson told the Columbia Board of Education Monday Right The message? Passage of a proposed $ 3 5 million school bond issue slated to go before the voters m a special election June 5 definitely is needed Thompson told the board at its monthly meeting the bulk of the money would be used to repair and modify facilities and equipment He stressed the issue would not increase the present tax rate Residents would be required to pay the current rate for an additional three years Election notices were posted Monday in 21 places in the school district. Also at the meeting the board Approved Thomas J Huddleston as the new director of business ser vices Huddleston succeeds Ed Saun-ders who reared this year Huddleston has served since 1973 as superintendent of schools for South Iron R 1 School District in Annapolis Mo Heard a presentation from Peter Herborn a social science teacher at West Junior High School, on a reduction- in- forc- e proposal for the board to adopt as a rule The proposal outlines exactly how teacher layoffs would be made as enrollment decreases It treats all staff fairly and it is necessary in case it happens Herborn said. Although Herborn is president of the local chapter of the National Education Association a teachers union not recognized by the school board he did not speak on behalf of the union Heard a report from Assistant Su-perintendent Harold Steere on an ad-ministration plan to set up a committee to search for gifted students at the ele-mentary and secondary levels He also discussed a program to promote writing in all subject areas at the secondar level The program will use grant money from the state s educaUon department beginning Jul 1 The grant provides $ 65 090 dunng the first year and 25 oercen. reductions for uie next two years v Learned the name of the mystery donor of 1 8 acres ( 72 hectares) of land adjacent to Rock Bridge Elementary School Richard Paxton, Route 4 donated the land after the school asked to purchase it. Recognized Agnus Ader 1209 Jean Rae Drive for 16 years of secretarial service at Ridgeway Elementarj School. I am pleased to recognize an outstanding member of our support staff said Assistant Superintendent Jim Ritter upon making the presen-tation. Heard President Patsy Garner report her impressions of the National School Beards Association meeting in Miami Fla At the meeting educators discussed tee future of education. She said most of ber previous ideas were reinforced, but she realized school board members will have to become more active for control of schools to remain at the local level Man performs surgery inside his own stomach CHICAGO ( UPI) A 22- year-- old man suffering from a history of mental disorders performed surgery deep in his own abdomen for eight hours in a college dormitory room with a prea sioo that astonished skilled surgeons The man spent months preparing for the operation to denervate his adrenal glands ' by studying surgical texts and acquiring the necessary instruments and medication, said Dr NedH Kalui of the University of Wisconsin Clinical Services Center in Madison. Kalin wrote about the surgery in an article published in this week's edition of the Journal of the American Medical Association. The amateur surgeon disinfected his dormitory room, draped sterilized sheets over his body and uk surround-ing area, swallowed barbituates for anesthesia and performed the operation wearing sterile gloves and a surgical mask He kept a canister of vaporized adrenaline at his side in case of a possible shock syndrome " Lying supine and looking into strategically placed mirrors to obtain an optimum view, be began by cleansing his abdomen with alcohol, the article said The incision was made with a scalpel, exposure obtained by retractors, and the dissection earned oat with surgical instruments After eight hours he had bad minimal blood loss but was unable to obtain adequate exposure to enter the retroperitoneal space because of the unexpected pain in retracting his liver Exhausted, he bandaged his wound, cleaned up his room, and called the police for transport to the hospital because of a " rupture"' Astonished surgeons at the hospital examined the man found his wounds to be remarkably dean and free of in-fection, discovered guaze bandages packed in his abdominal cavity and noted ligatures bed around major blood vessels, the article said. The surgeons closed the wound and the patient recovered. , Kalin said the man had a history of mental disorders relating to apparent sexual disorientation and told doctors he was attempting to relieve his mental illness' by attempting to denervate his adrenal glands He demed he was a transexual or wished to change his sex surgically but took daily doses of female hormones to supress his male sexual emotions Four months prior to his operation, he attempted an operation on his scrotum, again working meticulously for nearly eight hours before going to a hospital, where he requested a urologist to examine and dose las wounds There is a tragic paradox in this patient's dilemma, Kalin wrote He has mastered the concepts and techniques of medicines in an attempt to cure himself, when, in reality, we have little to offer him mat would result m effective treatment" Kalin recommended the patient undergo extensive psychiatric coun-seling ' Unfortunately he does not see the relevance of such a difficult and laborious task and is much more com-fortable spending hours in the medical library preparing for his next ' curative operation." Legionnaire's Disease blamed By Dave Para Mftswriaa staff writer Autopsy results confirmed Monday that the February death of a Columbia man at Truman Veterans Medical Center was caused by Legionnaire's Disease The results, sent from the National Coster for Disease Control in Atlanta, G , and the Bethesda Naval Hospital in Maryland, confirmed the first death as a result of the disease in central Missouri. Hurst John, 87, bad returned home Jan. 27 from a three- wee- k trip to several conventions in California and Arisen before being admitted to the " He was feeling lousy," said Us daughter, Martha Vdey, 2700 Green Valley Drive John was admitted on Feb. land died on Feb. 3 John's son- io4a- w, radio reporter Chris Edwards, reported the results Monday in a newscast on station KCMQFM. Dale CampbelL a hospital spokes-man, refused to comment on the details of the ' case, according to a report by United Press InteraattonaL The news service said be cited a Freedom of In-formation Act provision requiring written permission from a relative of a deceased person before medical infor-mation can be released. Campbell did confirm, however, that a single case of Legwnneire's Disease was diagnosed at the center " at some point in time" John's was the tenth case of the pneumonia- lik- e disease in Missouri. Previous cases include men from Jefferson Ctty and St Charles, who contracted it whQe attending a conven-tion of the Veterans of Foreign Wars last August in Dallas, Texas John had been an architect in Columbia for the past 33 years and belonged to several professional groups, inducing toe American Iasfr- tut- e of Architects and the American Registered Architects. He also helped organized United Cerebal Palsy of Missouri and served as its first presKMsn. Tight money supply makes home loans tough to come by By Steve Upson Mfsfoarian staff writer Columbia contractor Cal Pfeiffer recently asked his bank for money to build two houses, but because money is tight he didn't get it When banks dont have enough money for all the qualified people who want to borrow it then money is tight Money has been tight in Columbia for the last nine months and it keeps getting tighter For people who haven t done business with a bank for several years and for people who want loans that involve a lot of risk ( such as loans to start new busi-nesses) the banks here have no money to lend. Pfeiffer is trying to find money to borrow somewhere else but he says he isn t optimistic Even if he can't get a loan, be says, bell stay in the construction business, waiting for better tunes, just as long as he can ' put food on the table" People who would help Pfeiffer build a bouse sell him supplies and even sell the house after it was built will be affected if Pfeiffer can t get a loan ' You've got concrete people, electricians and plumbers who won't have work dther," Pfeiffer says Two things have made money ught in Columbia, says Mark Landrum, president of First National Bank and Trust Co First, demand for loans in Columbia has been strong all year, in spite of rising interest rates And second, the Board of Governors of the Federal Reserve System has restricted growth cf the money supply The board has tried to slow infla-tion by slowing the growth of the nation's money supply, which pmhM Interest rates up As a result C- ofamh-ia bankers can't afford to borrow money to meet the demand stortsiocs for loans The any money readily available to basks in Colombia money borrowed from other banks would be one example costs more than 10 percent But Missouri's usury law allows bankers to charge more than 10 percent only on certain types of loans, such ss loans to cor-porations. Colombia bankers say they have enough money to take care of their regular customers, but almost no money to finance housing con-struction. Bui Bates, president of Boone County National Bank, says bis back is making only a limited resBbercf? I ( See COLUMBIA, Page 14) 1 |