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Salina Journal Newspaper Archives Mar 11 1990, Page 1

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Salina Journal, The (Newspaper) - March 11, 1990, Salina, Kansas To Salina t 1 1 he journal 117th year 70 Kansas sunday March demise of Peoples heritage leaves questions by Scott Seirer managing editor when Walter a Kan Sas was appointed last summer by Federal regulators to the Board of Peoples Heri Tage Federal savings and loan As he found strange things in the Peoples he had Peoples Lent such massive amounts of Money to a Small number of who used All of that Money out of state he further had the value of property on which the Loans were based dropped so decidedly soon after the investments were undertaken eight months an Swers to those and other questions regarding Peoples heritage Are not but investigators Are probing the possibility that criminal activity May have been a Factor in the failure of an institution that grew rapidly and at one time had assets of More than the institution was declared dead in August and taken Over by a private analyst says the Cost to taxpayers of mopping up losses from the Salina based Peoples could be More than a legion of Federal regulators is searching for answers to the Peoples so they have determined that the former chairman and owner of Peoples James should be forever prohibited from participating in the their portfolio is backwards from what wed like to they were not running a conventional Paul Thrift consulting firm chief affairs of any Thrift Cruce signed the order of prohibition known in the Industry As being banned for Brian attorney with the Federal office of Thrift super vision at said that for a prohibition order to be three criteria must be met there have been violations of rules or or the individual has engaged in unsound or there has been a breach of fiduciary the institution has suffered a loss or or the individual has received a there is evidence of personal dishonesty or a wilful and continuing disregard for the safety and sound Ness of the financial Mccormally comment on what led officials to seek the action against Cruce did not Challenge the order of 746 Victoria Heights Ter could not be reached last week for the said Kansas City spokesman Max has been asked by Federal regulators to investigate the Peoples failure to determine if fraud was if fraud is criminal prosecution could be Hiersteiner and the four others appointed to the Peoples Board last summer by the Federal Home loan Bank Board had Little time to do what they were asked to evaluate the Money Haemorrhaging business and seek to stabilize it so it could be they served a Little More than a month until Peoples was taken Over in August by the newly created Federal Resolution Trust which was formed to dispose of the nations failed the time was too Short to fully grasp the institutions situation or to make a judgment on its former manage Hiersteiner what they did he and others placed on the Board was an institution that could not be the problems were too but they it was disappointing when Reso Lution Trust was finally established see Page 9 loss Doest quiet fans of Colby team eagles boosters win for sportsmanship by Dan Hess staff writer their team May have finished but their fans were second to a throng of several Hundred Colby basketball fans came up to spend the weekend at the class 4a state basketball and cheer their eagles Rose Hill spoiled the Colby party by claiming a 5743 Victory Over Colby girls but that did Little to Dampen the fans we dont make the state tournament that and we dont make it to the final game that said Colby High school Junior Kory who had painted his face a magnificent Shade of Black and Orange for the we support them As much As we a member of the boys basketball which lost the opening round of substrate to even Tual finalist said basketball is big in the Colby fans were awarded the sportsmanship award after the game for their Matt also a Colby Junior and a member of the boys said he was disappointed the girls but thought they made a Good i thought it could have turned out said who also had his face we played hard the whole game and didst give they proved they could play with both Rose Hill and Colby came into the game with 232 but Rose Hill jumped out to a 60 were not going to win if we dont score any one Colby fan matter of the girls dont seem to have their head in another fan it want until almost four min utes into the game when Colby standout Gretchen Bertrand scored a Basket that the Eagle fans could Bertrand scored Colby Scott we Lolomi Colby fans cheer at the Bicentennial Center where the girls basketball team placed first 10 Points As the eagles closed to they took their Only Lead of the game 1817 Midway through the second Quarter on a Basket by Stacy but Rose Hill Rece poured the Lead and Colby never caught but that didst keep the Colby dressed in a wide assortment of Orange and from attempt ing to Rock the Bicentennial Center with cheers from Start to a Booster club of fans filled a Section of seats from the floor to near the top of the cheering their team Don and Nancy who took More than a passing interest in the game because their was the starting said they were pleased with the they came Down on a Van with kids see Page 11 study shows shifts in property taxes by Lillian Zier staff writer the results Are with few sur since property tax Bills went out in its become known that residential and commercial real estate owners were suffering the most from higher taxes in a report done by the City of Over land Park shows How much of the tax Load real estate owners Are bearing this year and who got the tax the results vary from county to but homeowners Are paying a larger share of taxes for 1989 and personal property including business and Industry with Large Are paying the shifts were caused by reappraisal and by which in part exempted livestock and Ness inventory from taxation and meant others would have to pay More to make up for that reappraisal was ordered by the legislature to update property values for tax an amendment to the state Constitution approved by voters in places different tax rates on different types of before All property was assessed at 30 percent of Market under residential property is assessed at 12 percent of Market Commer Cial equipment at 20 percent and most other property at 30 in Saline homeowners bore 30 percent of the property tax Load in but last after reappraisal and classification went into homeowners paid 40 per cent of the tax taxes charged to homeowners in 1988 amounted to in they amounted to commercial and Industrial prop erties bore percent of the tax Load in but in that figure Rose to commercial and see Page 8 Mckenna declines to prosecute complaint by Carol Lichti staff writer Saline county attorney Julie Mckenna will not prosecute an open meetings complaint against the Salina City commission and Saline county Mckenna in formed Wilber who made the of her decision in a letter mailed Fri she concluded that a 20 luncheon of the league of women Mckenna voters attended by City and county commissioners did not violate the open meetings 317 asked Mckenna to investigate the lunch which was at a Salina res it was attended by four City commissioners and two county citizens Are entitled by Law to be notified of regular or special meet Ings of the Davis has requested to be notified but was not made aware of the leagues lunch Mckenna said that because of the meetings in her opinion the luncheon did not constitute a meet a letter from the Kansas attorney generals office to Mckenna about the luncheon suggested it was an official because a quorum was present to discuss issues con gee Page 3 inside Southeast of Salines girls captured the class 3a state basketball championship saturday see Page Mikhail Gorbachev has brought the soviet people greater but they still suffer through difficult see Page living on the Juco tourney promises fast paced basketball weather Kansas Cloudy and Windy today with highs near lows tonight from the 30s West to near 50 partly Cloudy highs 55 to 65 West and near 70 by Dan Hess staff writer big time players playing big time basketball without big time that what fans can expect to see when they attend the Region i mens Junior College which begins today at Salinas Bicentennial the which runs through Caps 10 Days of tournament basketball at the three Days of action in the big eight women basketball tournament tipped off the 10 Days of basketball in 11 that tournament was followed by four Days of class 4a state which ended sat the Kansas playing the fast paced basketball Many Junior colleges Are known Haven made a name for themselves to the average Randy coach of second seeded Butler said Salinas Are in for a treat when they watch some of the top Junior College players display their Ive been saying for years that youre looking at a division 1 league made up of freshman and sophomores who Haven quite made it Juco tournament what the Region i mens Junior College tournament begins today and runs through tuesday at the Bicentennial the Winner of the eight team tournament will play the Winner of the Region ii tournament March National tournament is March 2024 in ticket prices tickets Are for general for reserved seats and for a tournament the Bice enter ticket office is open from 11 to 9 and 8 to 9 monday and tickets can be charged 24 hours a Day on Mastercard or visa by calling the ticket office at today games Are at 6 and 8 mondays games Are at 6 and 8 tuesdays final begins at 8 academically or were the former Junior College and Wichita state player our kids go play see Page 8 change in Haiti haitian ruler resigns As uprising continues Haiti a haitian ruler Prosper who Rose to Power 18 months ago in a revolt by re signed saturday during an uprising against his military the embattled haitian Leader turned Over Power to Herard the army chief of who said he would Transfer Rule to a civilian led government within 72 Diplomat sources said Avril would leave the country within two but there was no word on where he would go and How he would get within hours of the announce ment that Avril was stepping groups of people burned houses and cars belonging to his the television station Tel Haiti said teenagers shouted slogans outside the House of a special police agent in the slum suburb of and that the agent and backers wildly opened kill ing radio Metropole said seven were it was Haiti fifth change of youths run through the streets in government since february when dictator Jeanclaude baby Doc Duvalier fled the impoverished Caribbean nation into exile in thousands of residents poured into the streets of the to youths erected flaming tire barricades at major and Black smoke filled the sky Over the Capi Abraham appeared on state television to announce aprils res see Page 11

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