Floor may drop out on veteran mortgage rates
WASHINGTON (AP) — Oregon's popular
program allowing veterans to borrow mort
gage money at lower-than-market-interest
rates could be wiped out by pending federal
legislation.
Other than federal programs like Veterans
Administration and Farmers Home Ad
ministration, Oregon's $5.5 billion program is
the largest source of mortgage money in the
country, state officials claim.
Spokesmen for two members of the state's
Congressional delegation, Rep. Les AuCoin,
D-Ore., and Sen. Bob Packwood, R-Ore., say
they are working on a strategy to try to save
the program.
John Colvin, Packwood's legislative direc
tor, said he anticipated changes as the legisla
et al.
tion moves through the Congress but said he
expected it to remain more or less intact.
Staff members said the Tax Reform Act of
1983, also known as House Resolution 4170,
is not aimed specifically at Oregon but at all
state-sponsored tax-exempt bond programs.
They said Congress has two motives. One
is that it feels some states have abused such
programs. The other is that by removing the
tax-exempt status. Congress would be able to
increase federal revenues without having to
take the heat for a direct vote increasing
taxes.
As written, the measure would generate
about $10 billion more in federal revenues
each year, staff sources said.
If passed, the federal legislation, which has
been approved by the powerful Ways &
Means Committee and sent to the full House
for a vote soon, would prohibit states from
selling bonds to fund new home and farm
loan mortgages or to fund industrial develop
ment after Dec. 31, 1988.
Strict limits on mortgage bonds would
begin in 1984 and remain in effect until the
total prohibition at the end of 1988.
The veterans home and farm loan program
has served as the major home construction
and purchase financing lender in Oregon
since it was enacted in 1945.
"For Oregon, this would really be
disaster," said John Atkins, press secretary
for AuCoin.
The mortgage program is managed by the
Oregon uepanmem oi veierans Attairs.
Director Staryl Austin Jr. said that if the state
cannot sell bonds, it has only two options:
charge mortgage holders more, which in ef
fect means they would be paying conven
tional rates, or implement a statewide pro
perty tax.
Authority to impose the property tax is
allowed as an emergency fund-raising
measure in the program's original charter,
but it would be an unpopular political deci
sion. So would raising mortgage rates.
“Our cashflow projection looks like a great
big 'U' with the bottom in the middle of the
next decade,” Austin said.
"These are alternatives that we won't want
to do, that we're going to try to avoid."
MEETINGS
160 CAMPUS BREAD FOR THE WORLD is meeting to
day at 4:30 p.m at the Koinonia Center. 1414 Kincaid St.,
to continue organizing the Oxfam Fast Everyone
welcome
SAB8ATH EVE Presbyterian student group will meet
Sunday. Oct. 30. at 5:15 p.m at the Koinonia Center.
1414 Kincaid St., to carpool to Tom's house for soup,
study and sharing. This week's topic: "Instead of
1964..."
WESLEY FELLOWSHIP will meet Sunday. Oct 30. at 6
p m at the Wesley Center. 1236 Kincaid St., for a soup
supper and sing-a-long Sponsored by the United
Methodist Campus Ministry
WOMEN INTERESTED in planning a demonstration to
protest our involvement in Grenada are encouraged to
attend a meeting today at 3:30 p.m in Room 318 EMU
For more information, call 686-3360
LECTURES
PACIFIC UNIVERSITY will have a representative on
campus Monday. Oct. 31 A presentation on Pacific's op
tometry program is scheduled from 9 to 10 a m., follow
ed by a session on the.r physical therapy and occupa
tional therapy programs from 10 to 11 a m Both presen
tations will be held in Room 101 EMU.
THE UNITED NATIONS is holding a banquet in
Portland today in honor of its 38th anniversary Am
bassador Charles Lichenstein, United States Depart
ment Delegate to the United Nations, wilt be the prin
cipal speaker The banquet will start at 7 p m at the
Masonic Temple, 1119 Southwest Park Avenue
ROBERT SCHEER, author of "With Enough Shovels",
will give a free lecture on Pres Ronald Reagan. Vice
Pres George Bush and nuclear war on Nov 1 at 3 p m in
Room 180 PLC. Sponsored by Students For a Nuclear
Free Future and the Faculty Arms Control Group
INTERVIEWS
THE UNIVERSITY HISTORY DEPARTMENT is seeking
an Assistant Professor to teach one course in Western
Civilization in the Honors College during winter term
Ph D and university level teaching experience in
Western Civilization required Send curriculum vitae in
eluding names and addresses of referees to Head.
Department of History, 175 PLC, Eugene, Oregon 97403
no later than Nov 1.
LIBERAL ARTS UNDERGRADUATES: Internship
openings at a travel agency, real estate agency and an
advertisng agency Gain valuable work-related ex
perience Sign up Tuesday, Nov 1, from 8:30 a m to 4:30
p m. in Room 246 Susan Campbell Hall Pick up an ap
plication when you sign up and bring it completed to
your interview. Limited to five interviews per opening. In
terviews will begin Nov 8.
ATTENTION sophomores and juniors in Accoun
ting: The Internal Revenue Service is seeking applicants
for cooperative education interns. Pick up job descrip
tion in Room 246 Susan Campbell Hall.
MISCELLANEOUS
ATTENTION SOPHOMORES: The deadline for Truman
Scholarships (ud to $5,000 per year) has been extended
until Monday. Oct 31. at 5 p.m. Please submit a brief 150
word essay on a major policy issue and one transcript to
the International Studies Office, Room 837 PLC. For
more information, see the International Studies Board
(opposite Room 837) or call 686-5050 or 686-4867
"FOR PLAY,” an improvisational comedy group, will
be performing at Sheli's (next to Kinko's) today at 10:00
“THE SPARK,” a film on Hasidic culture and religious
beliefs, will be shown Monday. Oct. 31 at 8 pm in
Studio B. IMC No admission charge. Sponsored by the
University Russian and Eastern European Studies
group.
A HALLOWEEN PARTY for Presbyterian and
Episcopal students and friends will be held tonight at 8
p m. in the Koinonia Center. 1414 Kincaid St Come in
costume and bring munchies, music, and spooky
stories
PRE-HEALTH PROFESSIONAL PEER AOIVSING is
available weekdays in Room 164 Oregon Hall Students
interested in a career in one of the health services
should drop by to discuss academic scheduling, impor
tant testing dates, and career alternatives Drop in and
take advantage of this informative and friendly counsel
ing service.
BLOOM COUNTY
ATTEOTtON, R0CXN'R0U£RS...
TV UK£ TO (NTROPUCE
SOMEONE SflEUAL...
THIS 15 WAX VflZGER. HE
OWWS THE WRMLANP THAT ALL
200,000 OF VCU ARE ST7TTN6
OH MAX WOUUT
UKETOSAVA
vfEW WOROS
MAX7
by Berke Breathed
Oliver
AS A GUARDIAN OF THE.
ENVIRONMENT AND A
RESIDENT OF miS
COMMUNITY, I LL HAVE TO
INSIST THAT YOU PUT THAT
GARBAGE IN A ^
PROPER \
RECEPTACLE!'.
by John Gorman
Classifieds
CLASSIFIED ADS
CAN BE
PLACED AT
ODE OFFICE. 300 EMU
UO BOOKSTORE STAMP COUNTER
EMU MAIN DESK
PHONE ORDERS WELCOME WITH
VISAJMASTERCARD
DEADLINES: Ads must be placed by
1 pm one day prior lo publication Ads
thal are to ippear in Monday s paper
must be in _y 1 pm Friday
The OOE cannot be responsible tor
more than one day's incorrect adverbs
mg insertion The ODE'S liability lor
typographical errors, incorrect mser
lions or omissions in advertising
published shall be limited solely to the
cancellation of charges lor such por
lion ol space occupied by the error II
your ad appears incorrectly, call
SM-4343 before 1 pm for correction in
the next day s issue
RATES: Rates are IS cants par word
lor the first day and 12 cants per word
for consecutive days the ad is run
without change
*1 SO minimum lor the first Insertion
SI.20 minimum for consecutive
insertions
THERE IS NO REFUND FOR
AD CANCELLATIONS1
PAVMENT; All ads must be paid for in
advance unless a billing agreement has
been established with us
DISPLAY CLASSIFIEDS are available
al tho ODE office 300 EMU
Emerald Classifieds
686-4343
Small investment BIO RETURNS'
1.7 CUBIC FOOT Refrigerator Used 4
months MB More information call
747-4100 1029
RUSSIAN 3Smm KIEV camera wfth F 2
a 5mm portrait Iona and F.2.S. 3 5mm
wide-angta lens Excellent condition
AH for SITS Phone MS4S7* t02B
LENS-CHINAR 135mm. 2 8 compatible
w/Cannon New never used 130(080
6879409 10-26
NEC ADVANCED personal computer
Datsywriter primer, plus Si.500 soft
ware par.kage Call 746-7213 949 10-28
FUJ110 SPEED 'men s) Good condition
$90 342 407510 28
MOVING SALE: Dodge Crystter. good
condition. $1,000. almost new TV sel;
new compact stereo, escercise cycle,
and kitchenware 342-2369 _10-28
SKIS EPOXE tOO X Country. 210cm .
with or without 50mm boots (size 43.
9lp) and Rossignol Roc 550 s. 200cm .
good condition 485-135810-28
30 FOOT REFRIGERATOR- freezer Ice
maker, side by side doors. $400
688-6828 10-28
Garage Sales
YOU NAME PRICE I Apartment sale Fri
day 28th 12 7pm 280 vy E 17th Apt 3
Services
EDITING. RESEARCH SERVICES Most
areas Qualified editors Thesis/paper
assistance Resumes, slat analysis
and typing Tele 1 223-8491 (Portland)
_128
CHEZ A CARP, ATTORNEYS Immigra
tion cases accepted 1852 Willamette
342879112-12
T-SHIRTS
Custom printed Call for brochure
Latter Silk screen 343-2308. 342 1027.
___ 881 10-31
COLONIS IRRIGATION >pr cleansing
and health 25% discount tor students
Caw Yvonne Chase. RN , 683-740610-28
Ron! A Roptilo
for your HNIowsen Party Huge boa
constrictor will scare your squeamish
guests Reasonable 7478137 10-31
Buy & Sell
CASH for used records and cassettes
Guaranteed highest prices paid in
Eugenet 3428249608 tin
THE OUT 0 SELL CENTER
•eySeS-Trade
Used guitars 660 and up
Ml West Mh
613 MF
DIXIE'S NEW 6 USED
Buy-Sall-Trade
2050 W. Sth 686-27U
810:11-2
Used vacuums $10 and up
SHARON'S VACUUMS
741-0SM
892:11-8
Instruction
Three reasons why you should taka
tho CRAFT spaad reading course
1 Increase your reading speed
100-300% with better
comprehension
2 Spend a traction ot the price of
comparable commercial courses
3 Take the course anywhere,
anytime, at your convenience
CRAFT speed reading by Dr Graham
Mallett. PH D comes to you as a
packaged seminar containing Instruc
tional tapes and practice materials
I or only $49 96 Contact David Farretl
at 6884234 10 28
Typing
HAWK WORD PROCESSING Com
puter system makes typing obsolete
Theses, reports, resumes Free
pit.Ruprdelivery $484188 334 tin
typing: 18 years a « penance papers,
dissertations, editing Graduate School
approved IBM Selactrtc Pick-up and
delivery Call Carole at 888-3883. 514 ttn
FAST. PROFESSIONAL TYPING
ISM Correcting talectrtc
Graduate School Approved
Cad Paula Oemowg 4844406
864ttn
PROFESSIONAL TYPING
Reasonable Rales
IBM Correcting Selectnc
Can Patrice 342 $218
__144 Tin
PROFESSIONAL TYPIST: Statistical
specialist IBM Con Sal Grad approv
ad Near campus $8447$8 5t3:ttn
If RuaMty is whai you want
TYPING UNLIMITED
•s -THE- TYPING SERVICE to uaa
Guaranteed. Grad School approved
BARBARA LAND 3451414
523 tin
ELITE TYPING SERVICE
Fast -Guarameed-Accurate
Pickup/delivery available 4I4 II4I
748ttn
TYPING/EOITING
Call Sara 666-0738
575 WHFM UH
PRO TYPING/EOITING
Expert at theses and dissertations
2 blocks trom UO No job too small Jen
niter 465-3663
693HFM
DYNAMIC TYPING SERVICE
Guaranteed Quality work Pickup &
delivery available 485-3814 S63tfn
PRO TYPING ALL LEVELS
IBM Correcting Seleclnc
Call Barbara 146-0747
___166MWF
BRANDY'S TYPING A
WORD PROCESSING
Fast and professional Editing
available 4844044 621 tin
TSC
All levels academic
687-8326
_ 622MWF
TYPING Free on-campus pickup and
delivery Call Connie Smith. 746-6738
78frttn
WORO PROCESSED
TYPING • EDITING • GRAPHICS
CINOV 484-6464
_ 869tln
PROFESSIONAL TYPING. 16 YEARS
EXPERIENCE.
Stlpege ptca type Karen 343-4285 10-28
TYPING WANTED
Term papers, manuscripts resumes
FAST ACCURATE
IBM Sell-Correcting
854 double-space page
344-6666.
_ 833 112M WF
Typing & Resume
High duaniyTow coat, rush service 3
blocks from campus John 683-8657
11-4
Sound Systems
Jim’s Electronics
STEREO REPAIR
AUOtO SERVICES
1627 Peart Street 343-7663
Monday thru Friday 96 pm
Saturday 9 t pm
347tfn
Books
00,000 BOOKS IN STOCK
AM selling 25% to 50% oil list prices
New Books Text Books-Clilf Notes
Magazines
USED BOOKS BOUGHT AND SOLD
SMITH FAMILY BOOKSTORE
700 East 13th
_362:ttn
COMICS 10% oil all new issues until
Dec 1st
EMERALD CITY COMICS. 770 E 13th
345 2568 943 10-21HF
446 East 13th
10* Mon Fri
10-5 Saturday
342 0339
Neal lo the Bi|ou
GREAT
PRICES!
Find what you ve been looking tor!
Choose from Logo s BIG selection ol
•Books • Posters
•Cards • Buttons
•Mugs ^Stationery
... and much, much
more!
With any *5 purchase this coupon is
worth
20% OFF ONE POSTER
One coupon per purchase Otter ex
pires 11 <3/83 1021 10-31
1 Bicycles
MEN 26" PEUGEOT like new New S425,
asking (225 Michael. 726-6737 10-28
Cars & Cycles
®OtO 1M2 Pontiac Firebird SE. Luxury
*«th extras It can be yours Joel
1974 LOTUS Europa Special Rebuilt
engine, paint $7500/o*fer. 344-1158
925:10-31
1990 RENAULT LECAR 33.000 miles,
excellent condition. AM/FM Call Jose
4859705 10-31
19M PLYMOUTH SATELITE station
wagon Runs well, good condition 1550
or best offer 484-6268 10-28
Auto Repair
TIRED OF IMPERSONAL
AUTO REPAIR?
After four years in my home
workshop, growing demand for my ser
vices has prompted me to move to a
new. expanded facility.
You and your car will continue to
receive the same individualized atten
tion and professional service at
moderate prices.
JERRY'S MOOEST MOTORS
Specializing in service and repair
tor VW and Alla Romeo
1701 West 11th 344-4906
Jerry Berger. Owner
897:11 2
Wanted
THE INTERNATIONAL LOUNGE is
undergoing revision and needs
volunteers to work as monitors,
caretakers, etc. Contact Gini in the
EMU Cultural Forum: x4374 11-3
WE
NEED
BOOKS!
Help us fill the INTERNATIONAL
LOUNGE by donating books Call
Gini ext 4373 or leave donations in
the EMU Cultural Forum. Suite 2
986:11 1