Banner Graphic, Volume 18, Number 48, Greencastle, Putnam County, 2 November 1987 — Page 2

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THE BANNERGRAPHIC November 2,1967

Banner Graphic (USPS 142-020) Consolidation of Tho Daily Banner Established 1850 The Herald The Dally Graphic Established 1883 Telephone 653-5151 Published dally except Sunday and Holidays by Banner Graphic, Inc. at 100 North Jackson St., Greencastle, IN 46135. Second-class postage paid at Greencastle, IN. POSTMASTER: Send address changes to The Banner Graphic, P.O. Box 508, Graencastla, IN 46135 Subscription Rates Per Week, by carrier >1.20 Per Week, by motor route *1.25 Mail Subscription Rates R.R. in Rest of Rest of Putnam County Indiana U.S.A. 3 Months *17.40 *17.70 *19.00 6 Months *32.25 *32.60 ‘36.70 1 Tear *83.00 *64.00 *72.70 Mail subscriptions payable In advance . . . not accepted in town and where motor route service is available. Member of the Associated Press The Associated Press Is entitled exclusively to the use for republication of all the local news printed in this newspaper.

WALLACE ESTES Republican Candidate for City Councilman Fourth Ward Wally--A Candidate Who Cares M. for hy friondo of Roily fotoo

ELECT BYRON V. SNYDER Third Ward City Councilman Vote for Proven Responsible Progress

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After the plunge .. ■ Will the Wall St. yuppies rise again?

c. 1987 N.Y. Times News Service NEW YORK ciations and gleefully venomous jokes, one sentiment has surfaced with startling frequency in the wake of the stock market plunge: Now the yuppies will get theirs. In New York and elsewhere, the havoc wrought by the precipitous drop in the Dow Jones industrial average is seen by many as having one compensation it clips the wings of these youthful high-fliers. Yuppie bashing is not new. For several years the lives of young urban professionals defined by marketing surveys as recent college graduates who earn more than $30,000 a year, but often popularly thought of as arrogant investment

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bankers with six- and seven-figure incomes have been caricatured in plays, movies, songs and other expressions of the popular culture. The Wall Street insider trading scandals intensified the negative connotations. A 1986 survey by the pollster Louis Harris found that most Americans considered yuppies greedy, egocentric and big spenders. But the emotions unleashed by the stock plunge seem to signal a decisive stage in America’s contemplation of the yuppie image the contemptuous public dismissal of the category altogether. If so, the stereotype would take its place alongside such obsolete constructs as the single, the hippie and the beatnik.

Five-organ transplant said success PITTSBURGH (AP) A 3-year-old girl who had been near death “looks good” after a five-organ transplant operation, and began moving her limbs today as she awakened from the experimental surgery, officials said. “What her prognosis is now, it’s almost impossible to say because I think we’re on uncharted ground now,” Dr. Marc Rowe, chief surgeon at Children’s Hospital of Pittsburgh, said Sunday after the nearly 15-hour operation on Tabatha Foster of Madisonville, Ky. “Tabatha is doing very well now, taking into consideration that she’s had a very large operation that went into the night,” Rowe said. “She looks good.” The toddler, who has been in hospitals for all but two months of her life and has never eaten solid food, received a liver, pancreas, small intestine and parts of a stomach and colon during the surgery, which ended Sunday afternoon. She was born with short gut syndrome, a deadly condition in which her twisted intestines interfered with blood circulation. Tabatha was in the intensive care unit early today in critical condition, normal following transplants, said Lynn McMahon, a hospital spokeswoman. The girl began moving her limbs today as she awakened from surgery, and doctors were watching her closely for signs of organ rejection, the hospital said. “The first 72 hours are critical,” the spokeswoman said. Tabatha’s parents, Sandra and Roy Foster, had seen Tabatha after the surgery and described her as looking great.

The yuppies themselves, of course, are far from obsolete. In interviews, financial experts, economists, entrepreneurs, political scientists and yuppies themselves maintained that these young people will continue to play a key role in American society. Robert B. Reich, professor of political economy at the John F. Kennedy School of Government at Harvard University, said, “The Wall Street yuppies have been very good ‘paper entrepreneurs’ in cooking up new schemes to move money quicker from pocket A to pocket B.” “Perhaps now,” he said, “we’ll find out if they can contribute to the nation’s productivity if they can make the pie bigger instead of just rearranging the slices.”

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Royal split? Prince Charles no longer so charming in Britain

c. 1987 N.Y. Times News Service LONDON So, after days of frenzied speculation in the tabloid press about the state of his marriage, what do you suppose is on the Prince of Wales’s mind about newspapers these days? “The thing that appalls me about the newspaper business is the number of trees it consumes,” Prince Charles said Thursday night, keeping a Perfectly Straight Face. If the forests of the world are mowed down to provide newsprint, he added in a brief conversation with a reporter at a reception here, “we’re all going to wind up with an Arctic environment.” Was this Charles in his role as the slightly fuddled ecologist? Or was it Charles as a tongue-in-cheek social commentator having a dig at his tormentors? It is never easy to tell whether such a seasoned dispenser of royal chitchat is being clever or naive. But no one in Britain has any doubt that there is reason for bad blood between the heir to the British throne and the sensationalist “popular press.” Most British monarchists and royal watchers take it as a given that the prince is furious at the tabloids so furious, in the view of some, that he is playing into their hands by staying away from his wife for weeks at a time and by seeming sulky when they are together. Sunday, the mainstream papers ran articles about the failure of the Princess of Wales to join her husband Saturday at a wedding attended by the entire royal family. The palace press office is hoping that six days of public togetherness during the couple’s visit to West Germany will tone down reports about marital conflict. Charles and his wife left Sunday for Berlin, trailed by a press corps that is promising nearmicroscopic accounts of their facial expressions and body language. At the arrival ceremony in West Berlin, the princess was all smiles as her husband introduced her as “one of the more glamorous colonels in the British Army,” a reference to one of her honorary titles. On the long-range question of whether there is a real

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Kenneth Lipper, a trustee of the Yale School of Organization and Development, said: “These are very resourceful, creative, highly educated and highly skilled people. Society can’t afford to lose their ability to contribute in productive ways. I don’t think we will.” Lipper characterized the resentment against yuppies as “inevitable, because not only were these young people being disproportionately compensated, in terms of normal American pay standards, but they were buying things once ‘reserved’ for those of middle age co-ops and condos, expensive cars, second homes in the Hamptons.” “The feeling grew,” he went on, “that the yuppies haven’t worked

likelihood of divorce or separation, no one in a position to know for certain is talking, either on or off the record. Knowledgeable people on the outer orbits of the royal circle say they believe that there are real strains in the marriage, that it is going through a rocky patch, but they view a split as unlikely. Later, the MP, Tony Walton, made it clear that he was responding to “what I read in the papers” a reference to reports of an estrangement between the prince, who is 38 years old, and his 26-year-old wife, Diana, the Princess of Wales. This points up a surprisingly common view among some people with expertise in such matters that Charles has made a sticky situation worse. In these accounts, he is described as stubborn, obstinate and chauvinistic. He is also said to be “bloodyminded,” or deliberately difficult, when it comes to dealing with his staff. The prince is reported to have spent 38 days alone at Balmoral Castle in Scotland while his wife remained in London. A turning point in the press coverage came on Oct. 21 when Charles rejoined his wife for a tour of flood-ravaged Wales, but spent only 20 hours with her before returning alone to Scotland. According to several sources, this visit pointed up a fault in the staff structure at Buckingham Palace. Officials there were said to regard his behavior as an invitation to trouble, but there are few people at the palace who can confront the prince with publicrelations advice he does not want to hear. By all accounts, the one person who can sway Prince Charles in this situation is Queen Elizabeth, but people with good contacts at the palace say they doubt tabloid reports that she has lectured him. She is described by one source as having a surprisingly “laissez faire” attitude toward her children and by another as fearful that motherly dabbling in the marriage would be counterproductive. “Charles has been much more willful and difficult to control by his staff than you might imagine,” said a close observer of the House of Windsor.

hard enough, long enough to have earned this kind of affluence.” Several of those interviewed said that, given the extraordinary salaries and bonuses on Wall Street, the yuppies could not be blamed for their fascination with investment. William Simon, the financier and former secretary of the treasury, disagreed. He said, “I’ve seen these types come and go these comets who are smart, make lots of money, and are flamboyant with their wealth.” “What they’re doing is nothing new on Wall Street,” Simon said. “But this market has given up a trillion dollars. People are angry, and the yuppies are a very visible target.”

Report says violent crime rate falling c. 1987 N.Y. Times News Service WASHINGTON - The rate of violent crime nationwide has declined substantially in recent years, according to a report released Sunday by the Justice Department. Violent crime increased gradually from 1973 to 1981, but has since fallen markedly, the department said. From a rate of 38 violent crimes per 1,000 people in 1981, the incidence of violent crimes decreased to 32 incidents per 1,000 people in 1985. The figures are based on twiceyearly interviews with 128,000 people 12 and older. The survey is conducted as part of the National Crime Survey, a Justice Department program created to collect information about crime even if it was not reported to the police. Despite the overall decline, the survey showed an increase in violent crime committed against people by their relatives, from 6 percent of all violent crimes in 1973 to 9 percent in 1985. In this category, it was unclear whether the data reflected an increase in incidence of crime or an increase in the willingness to reporting. The survey showed a sharp increase in violent crime in 1980 and in 1981 and attributed this primarily to a substantial increase in the rates of violent crimes against blacks.