Banner Graphic, Volume 15, Number 119, Greencastle, Putnam County, 19 January 1985 — Page 2
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The Putnam County Banner-Graphic, January 19,1985
Cross-county bank bill offered again in Indiana Senate
INDIANAPOLIS (AP) Cross-county banking, a topic of lively debate at the Legislature in recent years, will be considered again by the 1985 session of the General Assembly. Sens. Morris H. Mills, R-Indianapolis, and William D. McCarty, D-Anderson, introduced a bill Friday that would allow state-chartered or savings banks to expand across county lines. The bill also would allow a bank holding company based in Indiana to acquire other Indiana banks or holding companies. Gov. Robert D. Orr and Lt. Gov. John M. Mutz have placed banking reform near the top of their legislative agenda this year. In his “State of the State” speech Thursday, Orr called reform of banking laws “essential to Indiana's future economic health.” A bank-reform bill was defeated in the House last year after Speaker J. Roberts Dailey, R-Muncie. stepped from his rostrum to speak against the measure. Dailey has said he won’t block the bill’s passage this year. The Mills-McCarty bill introduced Friday would permit cross-county bank expansion while restricting the rate of expansion and the size of the resulting merged banking companies. The allowable rate of expansion would be determined by a bank’s size, measured in deposits. For example, a state bank with less than S2OO million in deposits could establish one new branch outside the bank’s home county every year from Sept. 1,1985, to Aug. 31,1990. But a bank with deposits between S2OO
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million and S4OO million could set up only one branch in another county between August 1987 and August 1989. An even larger bank would be limited to one new cross-county branch every 30 months. Before the beginning of 1986, deposits in a new banking company couldn’t exceed 10 percent of the total deposits in all Indiana banks. The allowable size would rise to 11 percent of state deposits in 1986-1988 arid 12 percent in 1989 and thereafter. The bill also contains a reciprocity provision that would allow an out-of-state holding company to purchase an Indiana bank if the company is from a state that would allow a similar acquisition by a Hoosier company. A bill introduced by Sens. Joseph V. Corcoran, R-Seymour, and Vi Simpson, DBloomington, would create a Department of Environmental Management. The department would carry out the state’s environmental protection programs, relieving the State Board of Health of many of those responsibilities. The bill calls for three state environmental boards air pollution control, water pollution control and a new solid waste management board to be under jurisdiction of the environment department. The three boards would set rules, hear appeals of department findings and develop policies to guide the department’s operation. Sens. Wayne Townsend, D-Hartford City, and Edward A. Pease. R-Brazil, introduced a bill that says members leaving the Public Service Commission or employees departing the utility consumer counselor’s office would have to wait three years before taking a job with a utility. The measure would prohibit construction work in progress from being included in a utility’s rate base. A bill introduced by Sen. Ralph J. Potesta, R-Hammond, would require the Department of Public Welfare to pay for all welfare functions performed by counties. The measure would abolish all county welfare boards, allow the state welfare department to establish district welfare departments and make county welfare workers state employees. Bill filing is now complete in the Senate. President Pro Tern Robert D. Garton, RColumbus, said Friday that 587 bills were filed in the chamber.
world /state
Gala pageant, fireworks open inauguration party
WASHINGTON (AP) - President Reagan’s four-day inaugural celebration is in full swing, transforming the normally staid nation’s capital into a dazzling swirl of parties, parades, and Hollywood pizazz. The festivities were kicked off Friday night with an hour-long “prelude pageant,” featuring martial music and popular songs from America’s past. The climax of the outdoor show was a thunderous fireworks display over the Washington Monument that drew cheers from President Reagan, Vice President George Bush, their wives, and a shivering crowd estimated at 16,000. Security forces readied the most stringent protective measures ever witnessed in the capital. Dozens of downtown streets were blocked off to traffic and miles of crowd-control fences were erected. Metal detectors were installed at every event the president is likely to at tend. The pageant, which took place on the snow-covered Ellipse about a quarter-mile from the White House, included a narrative of inaugural history by actor Fess Parker. Later, Bush and his wife, Barbara, were the guests of honor at a Hollywood-style gala featuring singer Lou Rawls, Pear! Bailey, the Gatlin Brothers country western band, Merv Griffin and the New York City Breakers dancing troupe “You’re No. 1, Sir,” Larry Gatlin of the Gatlin Brothers told Bush from the stage. The taped-for-television gala, the first ol two being produced by singer Frank Sinatra, attracted 6,000 people to the hugt Washington Convention Center Tonight’s show will honor Reagan. Tickets were priced at between $75 and $l5O but the event wasn’t billed as man datory black-tie. Many guests wore formal attire, but Bush wore a conservative blue suit. For the women in the mostly Republican crowd, mink coats and fancy cocktail dresses were the order of the night. The Bushes sat in a special box with Commerce Secretary Malcolm Baldrige They were greeted by Sinatra when they arrived. Bush laughed heartily when comedian Rich Little joked about the vice president’s status. Imitating Reagan, Little said tc Bush: “What exactly is it you do?” At the close of the two-hour gala, Bush thanked Sinatra for “a spectacular evening” and said he wanted the crowd to
Official commemorative items for President Reagan's second innauguration.include porcelain eagle mounted on a mahogany base (right) that sells for $1,750. If that's
Sharon wins round two of libel suit
NEW YORK (AP) Ariel Sharon says he scored a “clear moral victory” when a jury decided that a Time magazine article it already had found defamed him also was false. That left the jurors to make a final decision on whether the former Israeli defense minister was libeled. The six federal jurors concluded Friday that the 1983 Time story was not true when it said Sharon “reportedly discussed” revenge with Lebanese Christian leaders the day before the start of a massacre of Palestinian civilians. The jury, which began deliberating Monday in the SSO million suit, recessed for the
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PRESIDENT, MRS. REAGAN: Center of attention
know “how privileged lam., to be part of this administration.” Tonight’s gala for Reagan promised Mikhail Baryshnikov, the Beach Boys and Dean Martin. The inaugural opener on the Ellipse featured martial music aplenty from several military bands, along with swing tunes like “Take the A Train” and “In the Mood” from trumpeter,Ray Anthony and his band. The Reagans tapped their feet inside a heated, bulletproof booth along the stage, then cheered with onlookers when the aerial display was fired off to “Stars and Stripes Forever.” In the end, the crowd sang "God Bless America.” All hotels in the city are booked solid, with an estimated 50,000 people pouring in from out of town for events ranging from corporation parties and anti-poverty prayer vigils. Late into Friday night, limousines whisked through normally quiet downtown Washington streets and revelers filled
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too rich for your blood, there's a Royal Doulton mug bearing Reagan's likeness (left) for $295. (N.Y. Times photo)
night without resolving the third issue necessary for a libel verdict: whether Time published the story with “actual malice.” Deliberations were scheduled to resume today. Friday’s decision on the issue of falsity came two days after the jury decided the same Time article had defamed Sharon. To award Sharon a libel verdict against Time Inc., the jury still must find Time guilty of actual malice, or that it published the report either knowing it was false or with reckless disregard of whether it was true or false. Sharon would then have to
restaurants and hotel bars. More of the same is expected through the long weekend. The Hotel Washington, one of the hotels closest to the White House, is scheduled to host 22 parties on Monday after Reagan’s inaugural address and parade to the White House. Crowds upward of 350,000 are to witness the ceremonial swearing in. Actually. Reagan will begin his second term on Sunday, because Jan. 20 is the legally prescribed oath-taking day. But his inaugural address at the Capitol, the traditional parade down Pennyslvania Avenue, and nine inaugural balls will be a day later. Most official events fall within the sl2 million budget of his inaugural committee, about $3 million less than that of the 1980 inauguration. But several organizations plan activities of their own. And groups ranging from the Rev. Jesse Jackson’s “Rainbow Coalition” to college Young Republicans, are planning marches and demonstrations.
show damage to his reputation. Sharon called Friday’s decision a “clear moral victory," while Time said the jury made a mistake. “Time magazine is convinced that this story is correct,” Ray Cave, Time’s managing editor said outside the courtroom. Time conceded during the trial that a secret Israeli report did not contain the material that its report had alleged. The magazine printed a correction in this week’s issue but continued to assert the story was true in substance.
Wind chill may dip to -30 in state By The Associated Press “I don’t even like to think about it,” says a forecaster for the National Weather Service. What lead forecaster William Gery doesn’t like to think of is the temperature predictions for this weekend. The weather service says that by Sunday morning, wind chills could be in the range of 30 to 40 degrees below zero with temperatures ranging from 15 below in the north to zero in the south. One observer said it could be worse and noted that on Jan. 19, 1984, the low was 17 below zero. The reading for Jan. 20 last year was minus 16, and then on Jan. 21 the mercury dipped to2l below. The coldest air so far this winter began entering Indiana this morning. At 5 a m. (EST) the mercury had fallen to 9 degrees at Lafayette and 11 at Terre Haute and Indianapolis. Temperatures elsewhere around the state was mostly in the teens with Evansville reporting 20 degrees. As if in consolation, Chicago meteorologist Bill Briggs said this weekend’s predicted cold is expected to be the worse of the winter. “What we’re going to get is a plunging down of the jet stream,” he said. “The winds will blow from somewhere north of the Arctic Circle all the way into the middle of the cournty. It’s almost like air from the North Pole is coming down upon us.” Meanwhile, a heavy snow warning was issued for northern Indiana, where the Arctic cold wave combines with moisture over Lake Michigan to produce heavy snow. The weather service said some areas near Lake Michigan may receive 6-10 inches of new snow. Elsewhere in the extreme north, the snow sqalls may drop 2-4 inches. The weather service says that by Tuesday, Hoosiers can expect a “warmup,” with lows ranging from 10 below in northern Indiana to 5 above in the south. A storm in central Indiana Friday left about two inches of snow, forcing motorists to creep to work. Traffic was reported exceptionally slow on interstates in the Indianapolis area, with some down town workers complaining of two-houi drives instead of half-hour trips. Tim Monger, executive assistant t( Mayor William Hudnut who commutes from Lafayette, said U.S. 52 was “pretty treacherous,” 1-65 was “wet and pretty good” and his trip was about a half hour longer than usual. Law enforcement agencies said most auto-related problems occurred when cars slid off interstates and roads and became stuck. Greyhound in Indianapolis reported some delays of 15 to 20 minutes for buses coming in from the west. At Trailways. schedules were pretty much on time. At the airport, Robert Spitler said, “Air craft are coming and going. We’re plowing the runways, aprons and taxiways.”
State eyes money for heating aid INDIANAPOLIS (AP) State officials will decide next week what must be done to keep Indiana’s emergency heating assistance program going in the face of heavy demand, dwindling finances and colder weather. “We’re looking at some figures now. We think we may be able to squeak through with a little juggling here and there,” said Jean Merritt, director of the Department of Aging and Community Services, which administers the program. “We do hope to get about $1 million in extra funding. That’s iffy at this point.” Ms. Merritt said Friday that Indiana has used $4.5 million of the $5 million in federal funds allocated to Emergency SAFE and may have to dip into weatherization funds to keep the program solvent. Emergency SAFE is designed to reconnect utility service to low-income and elderly Hoosiers who qualify for the state’s heating assistance program, Project SAFE. It also finances emergency purchases of bulk fuel like oil or propane for needy families who aren’t protected against service cut-offs because they aren’t connected to a regulated heating utility. Lewis Gregory, an executive assistant to Gov. Robert D. Orr, said the situation hasn’t become a crisis. "A crisis situation is one that we may not be able to handle. This is entirely manageable,” he said in an interview. “We will do everything within reason, within possibility to make sure that people don’t freeze.” Gregory said the matter has been discussed with legislative leaders to decide what course to take. A decision could come early next week, Gregory said. “Nobody is in any jeopardy whatsoever,” he added.