Maroon

              loyola MAROON LOYOLA UNIVERSITY NEW ORLEANS I APRIL 22,1977 VOL. LI 11 1M0.53 Credit Union will not pay dividends By Dwan Singleton The LaSalle Federal Credit Union will not pay dividends to its members for the 1976 year, because it will "charge off" or absorb its delinquent loans. No one has withdrawn from the Credit Union because of this, according to Dr. Arthur L. Rayhawk, treasurer of the Credit Union. The Credit Union also did not give dividends in 1972 and 1973, he added. The Credit Union was reorganized in April 1972. In 1974, it paid dividends at the rate of 6.5 per cent a share and in 1975 at the rate of 4.25 per cent a share. "That was reduced because we charged off a few loans," he said, referring to the 1974 rate. These rates were the highest in 27 year history of the Credit Union. The Credit Union is a federal corporation and not a part of Loyola University. It is open to the employees of Loyola and St. Mary's Dominican College as well as SAGA employees and students who have completed one semester and are not seniors. The minimum amount necessary to become a member is a $5 share. The Credit Union lends only to members at the legal rate of one per cent a month or 12 per cent a year on the unpaid balance. The total amount of money in the credit union is $89,374 and there are $67,532 outstanding in loans, as of March 31, 1977. The credit union made 150 loans to its 352 members. "The amount (of the loan) is based on your need, not on your shares," Rayhawk said. The member must show a "legal purpose" and the ability to pay for a loan. Members may pay back loans through payments or payroll deductions. Delinquent loans occur when a member leaves without paying off the loan. After the Credit Union sends him three letters Illegal parking goes unnoticed for night time violators At least 90 cars, including four police cars, were parked illegally on the streets adjacent to the Loyola campus last Tuesday night, a MAROON spotcheck revealed. None of the cars parked in illegal zones were ticketed. The check, which took place about 6:30 p.m. Tuesday, included the area bounded by LaSalle Place, Calhoun Street, Cromwell Place and Loyola Avenue. Two police cars were parked in the no parking passenger zone in front of Holy Name School and two others were illegally parked in front of the Law School The check came in response to the daytime ticketing and towing away campaign by New Orleans police. By the time the towing campaign ends this week, approximately 500 cars will have been towed away by the police from the University area, all during the day. The towing campaign was backed by university area city Councilman Frank Friedler, Jr. who says it is intended to keep the streets clear in case of fire. But at night cars line both sides of the streets in violation of the parking ordinances, the spotcheck showed. "The problem of it is we're damned if we do and we're damned if we don't," Friedler said. "The problem seems to be much more dangerous during the daytime than at night. But you're right, it's a terrible problem." Friedler said a bill to be introduced by state Senator Nat Kiefer proposing the construction of a parking garage for Loyola and Tulane is "basically a sound idea." "Just your common sense shows that the streets are not the answer," Friedler said. 'It's a miracle!' You know the commercial The Benedictine monk has just finished the artwork on a 50-page Church manuscript It took him months. "This is fine work Brother Jerome," the head monk says. "Now I need 500 more Brother Jerome steps into the 20th century, gets the sacred documents photocopied, and returns to the 6th century monastery five minutes later with the 500 sets. "It's a miracle," the head monk whispers as his eyes float toward the ceiling. Many Loyola teachers and administrators must have felt like the monk in the commercial as they had to wait an average of two weeks to get material copied. That all ended this week when the print shop introduced Brother Jerome's photocopying machine that does everything but fry eggs and bacon. But give it time. "All you have to do is know how to push buttons," said Thomas R. Preston, director personnel of the $85,000 machine which is being operated on a trial three-month lease basis. "If you want a class operation, you have to pay for class." The new machine will cost a minimum of $3,500 to lease for the first three months. The "old" machine (just seven years old) was constantly breaking down, causing back-ups of at least two weeks, an "unforgivable" situation, according to Preston. "In a university you've just got to get all of that stuff out quickly," Preston said. "In the past, there had always been the problem of the confidentiality of exams—you either had to hold them aside or put them in a safe until they were ready to be run. Now we can stop what we're doing and run them right off." The machine can spit out two copies per second and 7,200 per hour, Preston said. But as with most good things, the price people pay has to go up. Departments will have to pay two cents per copy instead of just one cent. "But the departments have been used to a real cheapie deal," Preston said. The machine is on a three-month trial, but it's going to be hard to remove, Preston said. "I'm afraid we're going to fall in love with this machine so much that all hell would break loose if they tried to get it away from me." Loufeknkns get together for good tana at the Jazz Festival. Story on page 7. Photo by Kathy Morgan New Xerox machine works wonders. Photo by Eddie Leckert.. Library to add new look and new director A new librarian will be shelving books in the library this fall, and the library itself may be sporting a new look. According to Cheryl Sears, administrative assistant to the vice-president of academic affairs, the new director will be arriving July 1. Her name is Joanne Euster, and she is presently the director of the library at Edmonds Community College in Seattle, Washington. The Standing Council for Academic Planning has recommended that $4,500 be allocated for the creation of a student lounge on the first floor. An additional $3,500 is recommended for a system of supergraphic signs to be designed by Leonard White. The new student lounge will be located in the center of the first floor, replacing the serials circulation desk. The microforms have already been moved to the reading rooms to make them more accessible to students, according to Mary Lee Sweat, reference librarian. "I hope it will be something the students will take advantage of and enjoy", said Jim Volney, the director of the library. "I hope it will have a positive effect and make the library easier to use." According to Leonard White, assistant professor of journalism, "The reason for the signs is because the library is not organized as you would expect it to be. The card catalog is built in on the second floor." "It will be a system of directional, linear graphics, partially colored-coded, similar to the ones in the basement of the Danna Center. The colors will be more low key," White continued. "I'm hoping to do it during the second summer session, and have it finished by fall semester." The signs, which will also be number coded, will aid students in finding the materials they need. The lounge furniture is going to be similar to that in tie TV lounge of the Danna Center. Presently, some areas of the library are dark, but changes are planned* (Cont'd on pg. 4)