Image provided by: University of Oregon Libraries; Eugene, OR
About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Jan. 19, 1979)
Bookstore board looks to reinvest By JACK CONDUFFE Of the Emerald The University Bookstore Board of Direc tors Thursday considered alternative in vestments for $100,000 currently held in a trust account which includes stock in a cor poration doing business in South Africa. The Board, which voted early fall term to divest itself of 100 units of The Corporation The Board, which voted early fall term to divest itself of 100 units of The Corporate Income Fund, heard Pete Smith of Mort gage Bancorporation describe the firm’s Banktrust fund. The Banktrust purchases mortgages and makes its profit on the difference between the interest rate the trust pays on its own borrowing and the rate of interest it yeilds on its investments. The trust meets three criteria set forth by the board. It is liquid so the bookstore can retreive its money — the $100,000 is to cover financial emergencies. The firm in vests the money almost entirely in Oregon. And. the trust’s investments are essentially non-controversial. The board, which deferred action until its February meeting so they could study mat erial provided by Smith, reacted favorably to Smith's presentation. The board’s major concern was not to reinvest the money in another controversial trust. “It s as neutral as we re going to get, said Jim Harrang, legal counsel to the board. The rate of return on Banktrust is actually higher than The Corporate Income Fund: 10.8 percent as opposed to 8.6 percent. The board also considered preliminary proposals from W.E. Group Architects for expansion of the bookstore. The board has not made any decision on expansion. Bookstore manager Jim Wil liams indicated the bookstore is currently unable to expand any of its sales divisions and that the textbook section is particularly cramped. Among the proposals outlined by ar chitect Jim Bernhard were: the construction of a third floor over just the textbook area of the store: the conversion of basement stor age areas to sales with the purchase of a seperate storage facility or, the purchase of property adjoining the bookstore. Another proposal considered a new building on University property where the LTD bus stop currently stands. This prop osal would require the approval of the State Board of Higher Education and arrange ments with LTD. In other action, the board: • voted unanimously to reinvest $50,000 of a $70,000 fund which covers seasonal fluc tuations in income from a savings account earning 9.25 percent intferest to certificates of deposit earning 9.54 percent interest. • Defended action on a request from Uni versity Relations Director Muriel Jackson, a faculty board member, to donate money to the University to print a four-color cover for the University catelogue. State law says state money can only be spent on a two color process which is less attractive. save with napier audio’s after-holiday magic salell STILL IN PROGRESS! Magic Sale Turntables ENPIfE UL£9 !eyh ro^4 ach TroubadouL£98 model Absoiute^joe\|Jhe finest turntafiif^J^^bp at any price and i^gn*^Sl^erica Every turntable Opjbved only when zero erri^€ achieved in its speed accuracy List 459.95 199 B.I.C. 940 Belt Drive 139 95 Philips GA-406 Belt Drive '69 95 Sansui SR-838 Direct Drive 440 00 Philips GA-222 Belt Drive 229 95 JVC JLB-31 Direct Drive Used 215 00 99.95 109.95 249.95 129.95 99.95 2. Receivers This Onkyo featiues Servo Locked dr,H tree FM SSiMti^P At this price it's a givea^VJ * List S215 00 17995 Tandberg TR-2025 JVC JRS-61, 20 watts ch JVC JRS-81, 35 watts ch JVC JRS-301, 60 watts ch JVC JRS-401, 85 watts ch JVC JRS-501, 120 watts ch 465 oo 299.95 199 00 179.95 299 00 2 69.95 499 00 449.95 629 00 566.95 72900 656.95 A Some items are limited in stock, so hurry and don’t be left out. f ' \ Manager's Special Behold the Infinity ™ Quantum Line Source. The most accurate speaker ever made? Can t prove it here But we d be delighted to demon strate it in our store, so you can make up your own mind. A line source of totally new EMIT ” tweeters: a line source of high-definition dome midrange drivers, phase-coherent midbass coupler: and the revolution ary woofer with two voice coils—together they ail produce utter realism that is startling Come and marvel % Infinity We qet you back to what it's all about Music Only 1899 our reg. S2500 V _J r V Listen to EAR WAX Album - preview on KZEL-fM 96 Monday Thursday evenings. Sunday afternoon. A J 3. Integrated Amps JVC JA-S71 Increased performance power and flexibility are out standing features built m from the beginning * OQ 44 Q 0 o 4 299 95 our reg. 399.95 Sansui AU 517, D C amp Sansui AU 717, D C amp Sansui AU 317, D c amp 400 00 550 00 350 00 299.95 399.95 289.95 4* Tuners JVC JT-V11 Performance that »s usually ^ associated #r»th much more expensive tunefs It s truly remarkable at this pr»ce 129 95 our reg. 159.95 Sansui TU-717 Sansui TU-517 JVC JT-V71 Phase Linear 5000 370 00 300 00 289 00 499 95 299.95 239.95 199.95 299.95 5« Tape Decks AIWA AD-6800 You'll have to hear this one to believe it AlWAs exclusive FRTS ,-eg 670 00 AIWA AD-6400, Cassette Sansui SC-3110, Cassette Philips N 4504. Reel To Reel Tandberg TCD-330, Cassette Tandberg 6000x, Reel To-Reei 380 00 500 00 450 00 1050 00 500 00 299.95 299.95 399.95 799.95 299.95 6. Special Values Philips 578, 200 w ch Amp Sansui GX-5. Separates Rack ESS LS-8 Speakers ESS LS-4 Speakers Watts Record Preener 600 00 200 00 183 00 368 00 5 49 399.95 99.95 149.95 299.95 2 49 Store Hours: MMfl.-Frt. 10-60C Saturday 10-500 Sunday 12-5:00 napier audio EUGENE: 1159 Valley River Dr. (Next to Ernst s) 485*1945 MW PLUS CREDIT TERMS
