Friday,, November 22, 1968 Credit proposal conflicts delay attempt to solve currency crisis, THE MICHIGAN DAILY Page Seven ; i F r I EROS FESTIVAL NO. 1 UNDERGROUND at the Vth Forum THUR. thru SUN.-11:00 P.M. NEXT WEEK ANDY WARHOL'S "NUDE RESTAURANT" Topless anti-war film PAPERBACK SALE PRE-SCHOOL THRU ADULT, CHILDREN'S CLASSICS, ALSO NEW POPULAR TITLES, EDUCATIONAL- SOME HARD-TO-GET. 25c on up ARTS & CRAFTS under $25 JEWISH CULTURAL SCHOOL 218 N. DIVISION, corner CATHERINE FRIDAY, NOV. 22-1-5 P.M. SATURDAY, NOV. 23-9:30-5 SUNDAY, NOV. 24-NOON-5 SEE EUROPE BY CAR BUY, RENT OR LEASE THROUGH CAR TOURS IN EUROPE * Tax-free factory prices on all models I BONN, Germany' (A) - Efforts by the world's 10 richest nations to agree on support for the falter- ing French franc ran into trouble early this morning over conditions attached to -a proposed credit of $2 billion or more, a West Ger- man, spokesman said. "We have been going around in circles for hours," said Conrad Ahlers, Germany's No. 2 spokes- man at the crisis meeting here, after sitting in on past-midnight sessions of finance ministers and central bank governors. He gave no indication of what conditions were causing the trouble. West German Finance Ministry sources said they had heard that the amount of credit to be made available to France had been in- creased by $960 million to a little short of $3 billion. The first $2 billion was to be furnished by the bank for inter- national settlement (BIS), an in- dependent body, the sources said.: The other $950 million was to be underwritten by other nations at the conference. West Germany's share, the sources, added, came to about $700 million. But the deal being worked out! in an emergency meeting of the so-called "Group of 10" nations, with Switzerland as an observer, could mean no increase in the' Svalueof the mark or any devalua- tion in the French franc. The two currencies were at the base of the latest international monetary cris- I 0 Lowest shipping rates Direct wire confirmation * Special Student Lease Plan " Many extra benefits (maps, itineraries, etc,) " All CTE services free, we are authorized reps of European factories * Call local rep. evenings: 761-3690 or 971-5418 for free brochure Ii7- ______________- Heir ask Breakev ' For Germans, the d e a l may, mean cutbacks in an economy or m bssin $ooming because of heavy exportsk and modest imports. ""'''- I One hundred thousand dollars is missing and a lot of people think they know where it went. . Four of the six original heirs of the estate of a local bookstore owner who died in 1949 without leaving a will, have died waiting to collect their share, and the sur- viving relatives are demanding to know where all the money went. Distant cousins of Charles E. 4 Barthell, former owner of the* store now occupied by Overbeck Book Store on South University, are accusing Circuit Judge James R. Breakey, the estate admin- istrator. Thejudge responded yesterday, saying he has offered for 13 years to turn over the remaining pro- perty of the 19-year-old estate, but that the heirs have asked him to continue the probate proceed- ings until completion. In the probate court account of Bartell's estate, there are no de- tails on the disbursing of more than $100,000 of the $222,293 es- tate. Breakey said he has disbursed $211,123 from the estate leaving a cash balance of $11,170. Of the $211,123 disbursed, the judge says he has distributed $87,000 to the heirs. However, notorized statements showing distribution to all heirs account for only $68,400. Some of the 25 to 30 persons, scattered throughout Missouri, Iowa and Minnesota, who together with the two surviving original heirs, are 00 legal recipients of Barthell's es- tate, may not have signed the statements. But Breakey, who says Barthell's brother authorized him to handle the estate, explains that the de- lay in closing the estate has been caused by difficulties in dispos- ing with two plots of Barthell's property. The first property was sold nine years ago to Neil Staebler for $60,- 000, the judge says. But a parcel owned jointly by the estate and Mrs. John Parsons of Detroit, Is still causing trouble. The attorney for the estate, Roscoe 0. Bonisteel, Sr., a former University Regent, has been try- ing to arrange an agreement with Mrs. Parsons' attorney to free the property for sale. Breakey says the estate may have to sue to settle the matter. Observers point to the fact that Bonisteel was credited with ob- taining the judgeship for Break- ey in 1945. Breakey insists that as early as 1955 he had encouraged the heirs to accept the property because of difficulties in the sale of the par- cel. He said they advised him to pursue a sale. Karl Schiller, West Germany's minister of economics and the meeting chairman, told newsmenj work was completed first on the major element in the package: what West Germany will do to en- courage imports and discourage exports and to curb speculationj against the franc. West Germany will slap a tax on exports and reduce its tax on imports. France will be the chief beneficiary, since the two coun-' tries do more trading with one another than they do with any- one else. 7/ 4 a Bell ;;:}"+?:.er i ";;:"?::L}an > :5:g I UNION-LEAGUE Want to see the latest in art? carry out your color scheme with e Sharmeer's opaque panty stockings d come up with the terrific now-look plus full-length comfort. The colors: eak, navy, graphite, frost, gold, red or white. S-M-L sizes. 3.50 Jacobson s The Michigan Graduate Art Students present AN EXHIBITION OF RECENT ART November 18 through November 26 Assembly Hall, Michigan Union Open afternoons and evenings I F Dorm board urges bus line to Oxford I. I 11 By GEORGE MILLER The Board of Governors of Resi- dence Halls recommended yester- - day that the University begin nightly bus service between Ox- ford housing and central campus in order to maximize security for Oxford residents. The board also reaffirmed its support of compulsory house dues for all residents, and was asked to consider a proposal that would increase faculty participation in residence hall academic programs. Inter-House Assembly President and board member Jack Myers in- troduced the bus-service resolu- tion, citing recent occurrences of assaults on residents of the Ox- ford woman's residence complex as justification for instigating the service. At present, neither the chances for approval of such a plan nor the date on which it would begin are known. Mandatory house dues, upheld yesterday by unanimous vote, were also supported by the board last year. Myers explained that a house is not obligated to levy dues, but if it does, all residents are required to pay them in full or face withholding of academic credits. The board's consensus opinion was that house dues were neces- sary in order to set up house soc- ial and academic activities. The proposal for increased resi- dence hall academics was drawn up by a committee of six dormi- tory staff members. Referring to the experimental and numerically limited Honors Program, Pilot Project, and Residential College,' the document recommends that the academic innovations of these programs be applied to all dorms. It proposed that faculty mem- bers teach classes and live in the! halls. Board members responded fav-! orably to the idea, and will con- sider it further when they meet next January. STOCKMAN full and part time MEAT APPRENTICES full or part time * union rates * training on the job * fringe benefits * H.S. grad or equivalent * apply in person to any STORE MANAGER * an equal opportunity employer 11 ei NEARLY EVERYONE ENJOYS THE Michiganiensian Reserve your 1969 yearbook Now at the Student Publications Building I r for the big, chief 5 in your house. i= I LINDY HOUGH Co-editor of 1.0. & Poet WILL READ HER POETRY at 8 P.M. TYLER LOUNGE Residential College RESIDENTIAL COLLEGE POETRY SERIES r I ~is - - - -- - - - - - I Cherokee Mule I The popular, packable padded sole mule in to saddle leather with glove lining. $10.00 Evans Slpper s 25 taRS STko9 J5-- Y Cherokee Most popular padded sole slipper in brown saddle leather with natural :ssaa:glove lining. $10.00 Brown