PAGE TWO TH -- . ,. ,r 4l DATIsNj +rrTV IZT'% av' A'OnTr. A y n&vr a. al vg t l1TlttAhT nANN '1 U.~L n3AX, lRIL '4, 1967 Literary Faculty Creates Inter-Departmental Degree (Continued from Page 1) 18 hours in two different distribu- tion areas such as humanities, so- cial sciences, natural science and languages. The last 18 hours mustj be divided equally between the third and fourth distribution very seriously" by the library ad- The LSA faculty also unani- ministration. mously approved an alteration in The resolution also resolved the pass-fail program which al- "that in implementing this policy lows juniors and seniors to elect the library maintain close liaison one course per semester which is with the library committee of this not part of his major concentra- faculty and with the individual de- tion and not a course for distribu- ! .. ! MAYNARD STREET as it will look from Liberty St. The carport addition will cross the street leaving three decks atop the extension of Jacobson's which is expanding onto 317 and 325 Maynard. $121,750: T o Sealed id H ire U Pro erty on Maynard St. areas. partments." Eight to 10 of these hours must The report, in addition to "de- be in a single department, and ploring" the lack of acquisition eight hours in the last two years funds "adequate to keep the Gen- must be elected in the natural sci- eral Libiary competitive with the ences. leading libraries of other state uni- A student who wishes to receive versities," also "deplored" the fol- a Bachelor of Arts in Liberal Stud- lowing: ies would, upon becoming a sec- -"The failure to consult with ond-semester sophomore, draw up appropriate faculty committees a program of study in which he with respect to changes of policy specifies the types of courses he which deals with faculty status will elect in order to satisfy the and privilege, area and group requirements and -"The serious overcrowding of the "underlying theme . . . which both the reference and periodi- provides a unifying element in cal rooms, chiefly by undergrad- these elections." uates seeking a place to study, The student should then find and a faculty member who is both -"Indiscriminate access by all capable and willing to serve as comers to the stacks." his faculty advisor. The student The committee urged that: then must submit his proposal, "-The stacks of the General bearing the advisor's endorsement, Library be again closed to all but to the Committee on Interdisci- the faculty and graduate students plinary Studies, which will de- and undergraduates with special cide upon the acceptability of permission from a member of the the program of study. All subse- faculty," and quent course elections are subject' -"Steps be taken to relieve the to the approval of this committee, glaring deficiency of study space The members of the Committee on the campus and to diminish on Interdisciplinary Studies will the heavy use of the main librar- be appointed by the dean of the ies merely as study halls." literary college and will consist of one faculty member who teach- es in the social sciences, one in the natural sciences, one in the humanities and one member of the LSA Curriculum Committee. The LSA faculty's unanimous1 resolution requesting the Univer- sity's General Library to give pri- ! ority to acquisitions in the allo- cation of its present and future funds because the "present level of support is inadequate" followed a report from the College Library Committee. Library Director# Dr. Frederick Wagman, direc- tor of the General Library, said THIS WEEK: that he "concurs with the resolu- Thursday, Friday tion" and that "it will be taken tion requirements. At the present time, a student must choose the course he wishes to take on the pass-fail basis when registering and may not re- verse that decision later. The newly-adopted change would allow the student to change his mind within the first two weeks of the semester. The "Concentration-at-Large" program which would allow stu- dents to take an inter-departmen- tal major was deferred back to the Curriculum Committee for further study. I TEMPLE BETH EMETH (Reform) Now hiring religious school staff for next fall (Saturday mornings) Please call: 665-53163. M - - - Join a weekend project at YPSILANTI STATE HOSPITAL Friday night, April 7--Sunday noon, April 9 -an opportunity to gain a deeper understanding of the problems of mental illness while serving patients on the words- For information and applications, contact Miss Navyne Kline-662-8351 or The Rev. Donald Poskma-668-7421 or Miss Shirely Lewis-662-3580 Deadline for Applications-Tuesday, April 4 Sponsored by the Ecumenical Campus Ministry (continued from Page 1) President John R. Fowler in a "The bids ranged from a low of phone interview yesterday. ] $40,100 to a high of $161,500," Mr. Mr. Stegeman also indicates Pierpont reported to the Regents ,that he "dropped out of Stepar on "It is recommended that the bid Friday (March 31) The corpora- of John C. Stegeman, in behalf of tion (Stepar) is being dissolved,; a corporation to be formed, in the presumably within a couple weeks. amount of $161,500 be ac- I'm not a stockholder anymore." aepted " The local developer explains cepte bwetethat "the purpose of Stepar was SHqwever between the time Pier- to develop and improve local real pont's report recommending ac- estate. That has been achieved." ceptance of the $161,500 Feb. 11 Although Mr. Parsons, a De-t offer was mailed to the Regents troit lawyer, has been a major fig-1 and the actual Feb. 27 meeting, ure in Stepar, his name dose nott Stegeman changed his mind. appear in the investment com- "He told us that he couldn't go pany's latest annual report filed ,ahead with it," explains Pierpont. with' the State Treasury Depart-.t "He couldn't'get financing." ment on Sept. 30, 1966. The report The public notice of the bidding lists Mr. Stegeman as president had indicated that "Withdrawal and treasurer of Stepar while his of any proposal is prohibited for wife Lois U. Stegeman is secre-c a period of thirty days after the tary and vice-president. Mr. and time set for opening of proposals." Mrs. Stegeman and Loren Camp- Stegeman withdrew his bid be- bell, an Ann Arbor attorney, are tween- Feb. 11 and Feb. 27, Pier- all directors for the firm. Mr.c point indicates, although the vice- Parsons was out of town and un-r president is not certain of the available for comment last night.1 exact date. . While rumors of the details The University did not prohibit surrounding the 325 Maynard Stegeman from withdrawing his transaction have raised some eye- bid. Rather- the 'high bidder for- brows in local financial circlesI feitedhfi bid bond of abbut $8,050. there is little serious concern Pierpont indicates this is normal voiced about the transaction in- piactice in matters of this kind. side or outside the University. I Because of the forfeiture, at Said Vice-President Pierpont in the.Feb..2'7Regents meeting "The an interview yesterday, "I don't University had to go ahead withis-apparently the second bidder," saysPierpont. it's a Michigan corporation. We sold the land to Parsons. I don't1 The outcome is reported in the know anything about Parsons. I1 February, 1964, Regents minutes: don't know anything about the "On recommendation of the relationship b e t w e e n Parsons, Vice-President of Business and Stegeman and Stepar. It's no dif-' Finance the bid of Donald H. Par- ference to me. We sold the prop- sons was accepted for the sale of erty legitimately." the school of music building.' One of the Regents present and Mr. Parsons had originally sub- voting at the Feb. 27, 1964, meet-f mitted the second highest bid of ing, where the land was sold, in- $121,750 for the land. He was sold dicated that while the Parsons bidc the land at' that price. was lower than the withdrawn1 One of the Regents present at Stegeman bid, "It was still a pretty the February meeting was W. K. good price. It was substantially I McInally who was then secretary above the appraised value of thet and a director of Jacobson Stores property." Inc. Mr. McInally died in the sum- And Mr. Stegeman, who is re- mer of 1964. spected locally for building top Asked about Mr. Parsons in an quality, solid apartments, feels' hisc interview yesterday, Mr. Stegeman firm has done Ann Arbor a "serv-t said that Donald H. "Parsons and ice." Mr. Stegeman is a "minorI r,:were 50-50 partners in Stepar partner" in the William St. Com-. Investments Inc. The name Stepar pany which is' currently erectingr represented Stegeman and Par- the 26-story "Tower Plaza" at5 sons." the corner of Maynard and Wil-N On Feb. 27, 1964, the Michigan liams Streets. His Charter Realty Corporation and Securities Com- will be managing rental agent forc mission in Lansing filed a "cer- the 26-story building.I tificate of amendment to the The parking ramp extensiont articles of incorporation" of the that will provide three levels of1 Woodmere Corp., who's president parking atop Jacobson's and 278i was 'John C. Stegeman. additional spaces, is being builtr Woodmere's name was changed in part, to fill parking needs for to "Stepar Investments Inc." Until the Tower Plaza. just... last Friday.. Mr. Stegeman The William St. Corp. has was president and treasurer of agreed to pay $2,500 annually to- - Stepar. ward the cost of the $1,014,694 Vice-President Pierpont reports addition and would assume any that subsequent to the sale of the t deficit up to $12,000. land the University "approved the Despite Mr. Stegman and Vice- transfer of the land contract from Presdeint Pierpont's assurances, Mr. Parsons to Stepar." some officials appear concerned, r While Pierpont is unable to re- if not over-wrought, about the 325 port exactly when the contract Maynard transaction. was assigned to Stepar he indi- An Assistant Attorney General cates that the property has been in Lansing indicates that normal- largely paid off by the investment ly when a top bidder drops out of firm. 'the running after bids are open The University reports that the "the bidding is re-opened. That sale was made with a down pay- protects all the bidders." ment of about $30,400 and a land _________________ contract of $91,310. Stepar made its final payment on the land last week and "closed the deal with the University on Thursday (March 30)" reports Mr. Stegeman. Since Stepar was acquiring the land for development by Jacob- UNION-LEAGUE son's it then sold the prop- erty to the Jackson based firm on "Friday," according to Jacobson's Announce P T I. 1 Mr. Stegeman, Mr. Pierpont and Mr. Fowler of Jacobson's all in- dicate emphatically that the abrupt completion of the land transaction and move to close up Stepar bears no relationship to reporters' inquiries. When the University's invest- ment office was approached March 22 for information on the 325 May- nard transaction, investment of- ficial Graham Conger indicated that an official authorization from Pierpont was necessary to release information. On March 23 Conger reported some of the details surrounding the bidding but was unable to give out the price the land sold for or the names of the bidders. Mr. Conger subsequently indi- cated he would ask for further authorization to release the de- tails on the actual bidding. Mr. Conger was contacted each day by The Daily for the infor- mation. He reported each day that Pierpont had not made his deci- sion. Finally on March 30, he told The Daily's regular caller, "Oh, are you still interested? Mr. Pier- pont thought that perhaps you wouldn't still be working on the story since the contract has been paid off." Stepar signed the final papers on Thursday, March 30, with the University. On Mar. 31 Mr. Conger indicated that Pierpont refused to give au- thorization to give out the details of the transaction. However, in an interview yes- terday. Pierpont did acknowledge that the sale price had been $121,- 750 and that the winning bidder was Parsons, after Stegeman had dropped out. Pierpont indicated that the sud- den closing of the deal had no re- lation to newspaper inquiries. He termed the occurence "coinciden- tal." Mr. Stegeman concurs. "This transaction has been going on for weeks in an orderly fashion." He adds, "The University is damn lucky we bought the land, the price was way above the ap- praised value. It was a substantial gain to the University. I think the next lowest bid was at least $30,000 under the $121,750 bid. It worked out OK." Asked about why he dropped out on the $161,500 bid, Stegeman said, "I have nothing to say about that-no comment. Dropping out had nothing to do with it. This is a normal straightforward busi- ness deal." Coming: A skyscraper for Ann Arbor Phone 434-0130 En&awe On CARPENTER ROAD FIRST OPEN 6:30 P.M. FIRST RUN NOW SHOWING RUN THE MOST SHOCKING FILM OF OUR GENERATION from ,AMERICAN INTERNATIONAL Shown at 7:15-10:40 b Shown at 9 P.M. 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HIGHLY ORIGINAL AND THOUGHT-PROVOKING!" -Saturday Review Julie Oskar Christie falirefiheit Werner herfirst role since 451" winner of the her Academy Award New York Critics' for"Darling"ECBest ActorAward M ENTERPRISEIWNEYARD FILM PRC4CTION"A UNIVERSAL,.RELEASE NEXT: "A MAN FOR ALL SEASONS" I 2nd IISKGT ITIflNING for I THE WMiRISCMCORPORATION STHE DAVID S3WIFI PIIOOUCTION OF. W/EEK! rm U6UPil''oIS.Wost -46,u Committee Chairmen-Apr. 10-13 of alrT4m, ASSISTANT CHAIRMAN (-r)&KAAIItlCllra'TliKlc PROPS 1 I ', N I I 11 1 -171 I ~I r '.i -u '\ r-r il k 3'1Ct-r',, 1 VI I k 3l1