Newspaper Page Text
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Thursday, November 12, 1981
The Ked and Black
Campus trolley route expanded
: By JACK TIIKE AIM • I LI.
J n.-d and Black huff Wrilrr
; leginning Wednesday, the
; At liens downtown trolley
; > hanged its route to include
; more stops closer to the
| ms. said Joe Burnett,
‘ director of the Athens
• Downtown Development
I Authority.
! The previous route entered
the campus on Jackson
‘ meet, turning right onto
I C.ildwin Street, then right on
! Lumpkin Street and into the
' * wntown area With the
■ w route change, the trolley
I turn left onto Sanford
: 1 oive from Baldwin Street.
College Square holds its
grand opening today. Please
turn to The Red and Block’s
special section on the Square
for more details.
then right onto Cedar Street
near the physics building,
and across Lumpkin Street
and past Oglethorpe House
dorm The route then turns
right onto Baxter Street,
taking a left at Lumpkin
Street and continuing to
downtown
Burnett said the new route
would serve the bookstore.
Memorial Hall, the Myers
community, Oglethorpe
House and the high rise
dormitories on Baxter Street
and would be stopping at
every campus bus stop.
"The trolley will be going
in the opposite direction of
the campus buses at a slow
speed, with one coming by
every 15 minutes," he said.
Actual counts have not
been made for trolley
lidership yet. but Burnett
said that estimates average
from 75 to 100 people a day,
depending on the weather
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cross from Moers Mall)
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Pinball and Video Games
Stockbroker gives
students financial tips
By RHONDA BETH SCHWARTZMAN
Hrd and Black Staff Writer
Do you want the chance to become wealthy? Bob Wolter, a
stockbroker with Merrill Lynch may have some valuable in
formation for you Tuesday night, in the second of three
financial forums, Wolter spoke to a group of students about
the ways to turn "extra” money into profit.
Many students have money (under 55,000) sitting in banks
earning 5>j percent interest when it could be gaining almost
13 percent interest in a six-month certificate. These cer
tificates can be purchased in any multiple of $1,000. Other
ways that one can invest one’s money, according to Wolter,
are with stocks and bonds, and money market funds.
Said Wolter: "The average ’best customer’ for a
stockbroker is usually 55 years in age, earns about $75,000 a
year and is in the 50 percent tax bracket." Unfortunately not
many students fit into this catagory, therefore, the
stockbroker is not looking to college students as prospective
clients. If a student is interested in investing his money, it is
best that he seek out a stockbroker, Wolter said.
When choosing a stockbroker. Wolter said it is very impor
tant to pay attention to the commission rate earned by the
stockbroker in both the buying and selling transactions Com
mission rates will vary based on the amount of money being
invested.
There are "discount brokers" who provide services that
can save an investor 50 percent in commission costs. These
brokers usually do not offer extra advice and operate in such
a manner where they simply take on "order" and place it
directly to the market. People who make frequent in
vestments usually can profit from this type of broker.
and the day of the week
While currently riders are
charged a 25-cent fare,
Burnett said he hopes to get
the fare charge "effectively
down to zero.”
The fare makes up “a
very, very small percentage
of operating costs," less than
5 percent, the rest being
made up with ad
vertisements and leasing the
trolley to various tour
groups, conferences,
elementary school classes
and other groups for
"evening parties and
outings," Burnett said.
The trolley, named the
“Lucy Cobb" and made of a
mobile home chassis hidden
beneath a rustic exterior,
began operating around
downtown Athens in early
October and operates from
10 a m. to 6 p.m. Monday
through Saturday.
BSR Corporation of
Athens, an economic
development corporation,
leases the trolley from its
owner. Transportation
Vehicles Corporation of
Orlando, Fla. BSR stands for
the initials of the cor
poration's three directors:
Larry Blount, Howard
Stroud and Richard Rosser.
BSR corporation operates
the trolley, while the Athens
Downtown Development
Authority and the Athens
Downtown Council act in
cooperation to make
decisions on such items as
routes and hours of
operation. Burnett said.
The Morton Theater once housed legendary black performers
Grants aid theater project
By STEPHEN GENOVESI
Itrd and Hlark Staff Writer
The Clarke County Office
of Cultural Affairs is finally
seeing some progress
towards renovation of
historic Morton Theater on
Washington and Hull
Streets
The reason for the delay
was due to an ongoing debate
between Mayor Lauren Code
and Office of Cultural Af
fairs Director Jill Reed,
relating to the Block Com
munity grant for the theater.
In early September, a
$37,500 Community Block
grant was given to the
theater by the City Council,
which was matched with a
The Great American Classic
P ho ne *46 -1011
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g Not valid with any other offer. -A
■ Expiration date: NOV. 26,1981 RB
$27,400 acquisition grant
given by the Georgia Depart
ment of Natural Resources,
for the purchase of the
theater.
Coile was opposed to the
Block Community grant
when it was first awarded to
the theater in April, 1980.
Coile said, "It’s a viable pro
ject. but in my opinion, it
simply won’t work." Coile
reviewed the council’s deci
sion and rescinded the grant
in April, 1981.
Reed said, "Who the hell
asked him? A non-profit cor
poration doesn’t need the
legal right to rescind those
funds. " Reed appealed to the
council and got the grant
back in September, 1981.
The theater still needs to
raise a minimum of $550,(100
to finish the renovation by
the projected September
1987 completion date More
than 50 percent of the
renovation cost will have to
come from private contribu
tions and donations. Dona
tions totalling $34,000 have
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Pizza
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Promt tins coupon with guru check Not valid with ant
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Kxpiralion dalr NOV. 26,1981 RB
Pizza inn.
College Square Grand Opening Sale
Men’s wear Savings
up to 50%
Sale Price
Soft Orion
V-neck Sweaters * 12 "
Bert Pulitzer
Shins
Wool/Cotton
Blend Shirts
2 for
$17.00
$14.50
Shetland Wool
Cable Sweater $18.99
Limited Stock on Hand
Depend on Shaws for quality
clothing at low, low prices.
Shaw's
157 College Avenue College Square
Clothing
Entire ladies stock
reduced 50%
Sale Price
Worsted Wool
Skirts $22.00
$9.50 to
$19.50
Nantucket
Blouses
Shetland Wool 'sj£
Sweaters $12.50 v
Nantucket Dresses
$14.50 to
$26.00 \ \
Limited Stock on Hand
Depend on Shaws for quality
clothing at low, low prices.
157 College Avenue College Square
\
Clothing
come from the Georgia
Council for Arts, National
Endowment for the Arts and
from private citizens
Future plans for the
theater include holding
events for the performing
arts and community
oriented activities.
The Morton Theater, built
in 1911, was used for
Vaudeville productions
primarily featuring black
entertainers. Louis Arm
strong and Duke Ellington
performed at the theater as
did Sisserette Jones, the first
American opera star, and
Bessie Smith, "Mother of the
Blues "
As years past, Morton was
used for law and medical of
fices. and in the past decade,
it was the first rehearsal hall
for the Athens- based new-
wave group the B-52’s.
Reed is excited about the
potential change in image
the city will experience when
the theater is finished
Cancer drive starts
By JOHN R. TURNER
Hrd and liltitk Staff Writer
The 1981 leukemia drive is
under way, with events plan
ned to raise money for
leukemia research. The
drive consists of money
making projects sponsored
by the Interfraternity Coun
cil, and numerous frater
nities and sororities.
Tau Epsilon Phi fraternity
has planned several events
to raise money for the cause,
said drive co- chairman Eric
Platock. Along with Miller
Lite beer, the fraternity
sponsored a tug-of-war com
petition held at the Tau Ep
silon Phi house Wednesday
from 2:30 p.m. until dark
The competition consisted of
25 entrants from frater
nities, sororities and
residence halls The tug-of-
war is a new event to the
leukemia drive, Platock
said.
Another event to raise
money for the drive is an
auction of athletic souvenirs
to be held tonight at the Mad
Hatter Among the items to
be auctioned off are the foot
ball used in this year’s game
against South Carolina, an
autographed Atlanta Falcon
football and an autographed
Bulldog basketball.
Also, jerseys belonging to
llerschel Walker and
Dominique Wilkins and a T-
shirt signed by the two
University stars arc to be
sold to the highest bidder
Last year's auction yielded
$1,500 to the leukemia cause
and Platock said he hopes to
day’s will be even more suc
cessful.
The Mad Hatter will also
be the scene of a sorority stu
dent night tonight. The com
petition will consist of three
categories: song and dance,
musical comedy and
washboard band. Last year's
sorority student night raised
$3,200 toward leukemia
research, and this year
Platock expects to raise
$5,000 or better. Tonight, a
pre-stunt night party will be
held at the Mad Hatter. Ad
mission for each of the two
events will be $2, with pro
ceeds to go to the leukemia
drive.
The second annual Stroh’s-
IFC Governor's Cup Golf
Tournament raised $4,600 for
the leukemia drive, a 42% in
crease over last year's yield,
according to Charlie
Fiveash, public relation
chairman for the Inter-
fraternity Council.
.Sunrfflij Sowing
Ecclesia
Sunday,Nov. 15 8
$1.00 Students $1
1155S. Milledge HILLEL
Bring something to sit on
8:00-10:00pm
$1.50 General
543-6393
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