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Waterloo Courier Cedar Falls (Newspaper) - December 5, 1985, Waterloo, Iowa Snow goods GOOD EVENING Friday's Mostly sunny A2 o utter 25 CENTS 50 SECTIONS WATERLOO IOWA Ag lender asks creditors for leniency DES MOINES AP Hawkeye Bancorporation Iowa's largest vate agricultural lender acknowledged today it is having trouble making its own debt meats and has asked its creditors for leniency The bank holding corporation which has operations across the state assured depositors that local banks are not in danger of collapse Among the ber banks is Hawkeye Savings Bank in Grundy Center Hawkeye Bancorporation will be one of those survivors when Iowa agriculture and Iowa banking is Paul Dunlap Hawkeye Bancorporation president said in a statement issued today The credit problems of Hawkeye are at the parent holding company level and not with the subsidiary Dunlap added Hawkeye banks are healthy and performing satisfactorily considering the omy they serve Dunlap said Hawkeye which is based in Des Moines also has been forced to cancel a planned million public stock offering There is demand for such stock due to the in the farm omy Hawkeye officials estimated that during the two-year period that will end Dec 31 the holding company will have charged off about million worth of bad farm loans or about 10 percent of all farm and commercial loans held by its subsidiary banks company will tribute about million to help subsidiary banks this year he added Hawkeye Bancorporation Iowa's largest agricultural lender has recognized the reality of the crisis in agriculture and is charging off aggressively those credits which are said Dunlap Iowa agriculture is being rapidly restructured As financial tions including the Federal Farm Credit System recognize their losses their industry will also be tured Hawkeye released few details of its attempt to restructure its own debt Dunlap's statement said simply that Hawkeye is negotiating with its creditors for a lengthening of debt maturities modification of loan agreements and a waiver of non- compliance of certain covenants The company did not disclose the amount Hawkeye owes or the ity of its major creditors but the Wall Street Journal reported today that they reportedly include Con- Illinois National Bank Trust Co of Chicago Norwest Corp and First Bank Systems Inc both of Minneapolis and Bankers Trust Co of Des Moines Continental Illinois which ex- tended million of credit to Hawkeye in 1984 is believed to be the biggest lender INSIDE Comics Daily Record B3 High Northeast Newswire I WAS VERY PLEASED with the results from the Courier says Lowell J Douglas of Waterloo after advertising his miniature schnauzer in the Classified Section Pet lovers throughout Northeast Iowa read the Courier If you are ready to adopt or sell a pet read the pet column Call the next time you need to place an ad 1985 WATERLOO COURIER FALLS RECORD Tough going The snowfall has made it slow going for many outdoor workers in Northeast iowa Iowa Public Service Co meter reader Richard Kane going difficult as he tries to get back to his truck near the intersection Courier photo by Robin Scholz of Orange Road and Kimball Avenue in Waterloo Wednesday afternoon Busy schedule keeps the heat on inspectors here Ou By NANCY RAFFENSPERGER Courier Staff Writer In one day Waterloo Fire Marshal Jim Inspector Jim Eggleston will visit up to 20 businesses looking for Fire hazards code violations and advising owners on how to prevent fires In Cedar Falls Fire Inspector Warren Grapp is in charge of the same duties including the inspection of the city's rental properties For the hundreds of commercial properties in loo and Cedar Falls including schools day care centers and nursing homes these three men are ih charge of making sure that fire codes are followed and major fire loss kept to a minimum To say the least their days are busy For aU the work the three are assigned statistics indicate they have been doing a better job over the past few years But compared with other cities in eastern Iowa the fire prevention offices in Waterloo and Cedar Falls are understaffed and overworked There is at least one fewer fire inspector in the Waterloo and Cedar Falls fire prevention offices than in In Davenport and Cedar Rapids there are three more fire inspectors than in Waterloo or Cedar Falls Two of the cities Cedar Rapids and Davenport have a smaller per capita damage loss than Waterloo OVER THE past five years average per capita fire loss in Waterloo has been which is about 30 cents higher than the five-year average for Cedar Rapids but about less than Dubuque's five-year average In Cedar Falls average per capita fire loss over the past five years is which is about 20 cents less than in Davenport Except for three major fires in Cedar Falls which caused their figures to jump in 1983 and 1984 the average would be much lower Cedar Falls Fire Chief Dale Holmes said the reason his average is not around per capita is because of the massive fire at Simpson Furniture in early 1983 followed Cain Eggleston Grapp by the fire later that year at the Thunder Ridge ment complex and another fire in 1984 at a apartment complex located directly behind the ment's main station Both Holmes and Waterloo Fire Chief Gerald Olson said that one major fire such as in the Simpson Furniture case can knock a year's statistics out of kilter In Dubuque the Clark College fire in 1984 causeO per capita statistics to leap substantially and is the reason the five-year average is so steep In Waterloo there has not been a major fire causing substantial dollar loss for quite some time From fiscal year to the per capita dollar figures decreased and Chief Olson said he hopes it is a decrease that will continue BUT OLSON said much depends on luck A lot of the reason is because many businesses aren't operating full scale right now so the chances for fire are down and because the city has demolished many of the vacant buildings that were potential fire hazards But part of it is Olson said Olson said that the work of fire inspectors is crucial and should be emphasized in every fire department Yet FIRE SAFETY Continued on page A2 col 3 Fire loss The chart shows the per capita fire loss in both Waterloo and Cedar Falls over the past five WATERLOO Year Loss CEDAR FALLS Year 1982 1984 The five-year average per capita loss for other Iowa City Per Capita Fire low amounts respective fire departments population Iowa Office of Planning and Programming Government turnover not so rare WASHINGTON AP The de- parture of two top Reagan ad- ministration officials this week may give the appearance of disarray but high turnover at the top of ment has become almost com- Only four members of Reagan's original Cabinet Agriculture Secretary John Block Defense Secretary Caspar Weinberger Com- merce Secretary Malcolm Baldrige and Housing and Urban Development Secretary Samuel Pierce are still in office Most of the other posts have changed hands twice So far Reagan has named three interior secretaries three energy secretaries and three secretaries of health and human services We are running about par for the Stephen Hess a Brookings Institution political scientist said Wednesday of the resignation of White House National Security Ad- viser Robert C McFarlane and the leave of absence of NASA chief James Beggs this week WHEN WE GET rather up close to the things it looks as if Wow here's an administration that's ing Hess said John M Poindexter is President Reagan's new national security adviser and William R Graham takes over as acting NASA administrator AS But when you look at a sweep of 20 years or so you start to see that this is a recurring said the author of the book Organizing the Presidency By comparison Richard Nixon re- placed every member of his Cabinet at least once during his half years in office Nixon had four treasury secretaries three defense secretaries three attorneys general three labor secretaries and three commerce secretaries Three men also served Nixon as secretary of health education and welfare and three others to the United Nations Secretary of State Henry inger and Treasury Secretary liam Simon were the only two bers of the Cabinet that Gerald Ford inherited from Nixon who remained throughout Ford's cy Ford had three secretaries of labor commerce and interior Under Jimmy Carter only three Cabinet members served the full four years Much of the turnover came in July 1979 Carter fired four Cabinet officials and accepted the long-planned resignation of another Hess said government turnover has become so endemic in modern times that the average assistant secretary stays in office just two years When you're talking about jobs when there may be a learning period of a year or more and they are leaving at two years you should worry about the efficiency of the Hess said Hess blamed some of the turnover on the pressure of life at the top We have got to worry about the questions of executive burnout Who knows what the reasons were behind the McFarlane thing but he's been there long enough to be tired because the work load is not evenly he said The people at the top work very long in very high-pressure jobs EARLIER THIS year when White House Chief of Staff James A Baker III and Secretary Donald Regan traded jobs they indicated a desire to have new assignments Baker reportedly told friends he was tired of the grind of White House infighting and wanted a change Hess said Nixon rotated key bers of his administration to give these appointees a fresh perspective The idea of an Elliott Richardson moving State to HEW to De- fense to Justice and so forth that's a very useful way to retain people Richardson began as undersecretary of state and ended up running three other agencies During the Reagan tion infighting has been the cause of several departures Secretary of State Alexander Haig left in 1982 following numerous dis- putes with White House aides and was replaced by George P Shultz Former Ambassador Jeane Kirkpatrick who complained that she was shut out of major foreign policy decisions resigned earlier this year and was replaced by eran diplomat Vernon Walters departure was said by some to be partly the result of his See RESHUFFLING Continued on page A2 col 3 Arafat aide says Mrs Klinghoffer may be the hitter UNITED NATIONS AP A top aide to PLO chief Yasser Arafat said Wednesday there was no Klinghoffer was killed by the Palestinian hijackers of the Achille Lauro cruise ship and his wife might have pushed him overboard to collect insurance money Nobody ever had the evidence he was killed that Palestinians were Farouk said in ing English at an Arab League luncheon Perhaps it might be his wife pushed him over into the sea to have the doumi said Four Palestinians hijacked the Italian cruise ship on Oct 7 off the Egyptian coast and held hundreds of passengers and crew hostage for three days Witnesses have said the jackers shot Klinghoffer 69 and partially and forced the crew to throw the New York man's body overboard in his wheelchair
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