Page Ten

THE M CHIGAN DAILY

Friday, May 23, 197 5

Author Thomas Pynchon turns Germans cut loan
down American Academy medal rate; dollar declines

NEW YORK (47 - Author
Thomas Pynchon has turned
down the American Academy of
Arts and Letters' most presti-
gious award, saying the solid
gold Howells Medal was '"prob-
ably a good hedge against infla-
tion, too. But I don't want it."
The Academy, which honor-
ed Pynchon's "Gravity's Rain-
bow" as the best fiction pub-
lished during the past five
years, agreed to keep the gold
medal in a vault should Pyn-
chon change hia mind.
IN A note of regret Wednes-
day, Pynchon wrote, "The
Howells Medal is a great hon-
or, and, being gold, probably a
good hedge against inflation

too. But I don't want it.
"Please don't impose on me
something I don't want, It
makes the Academy look arbi-
trary and me look rude. I know
I should behave with more
class, but there appears to be
only one way to say no, and
that's no."
Pynchon, who sent his note
before the awards were an-
nounced publicly, gave no oth-
er explanation for his action.
T H E ACADEMY said its
selection committee "consider-
ed the work merited the medal
and decided nevertheless to an-
nounce its decision."
The National Institute of
Arts and Letters, a broader

organization of which Academy
members form the elite, also
presented other awards in cere-
monies at the Academy.
Its award for distinguished
services to the arts went to
choreographer George Balan-
chine; the gold medal for paint-
ing to William de Kooning and
the gold medal for belles lettres
to critic Kenneth Burke.
The Academy's Award of
Merit for Poetry went to Stan-
ley Kunitz.
For diet watchers: celery,
stuffed with dill-flavored low-
fat cottage cheese, makes a
good snack.

By The Ass'ciated Press
The American d o 1 a r fell
sharply yesterday on European
exchanges while gold, partly re-
flecting the lack of confidence
in the dollar, spurted $4 to
$174.50.
West Germany cut lending
rates to stimulate business for
the second time since March 6,
the Common Market reported
European unemployment is in-
creasing, and Japan's industrial
production rose for the first
time in six months.
THE BRITISH government
reported unemployment there
fell during May but said the
drop was due to students re-
suming studies after register-
ing as unemployed during Eas-
ter vacation. The total British
jobless stood at 850,346, or 3.7

Public Hearing

BIKEWAY
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per cent of the siork force,.a
drop of 89,521 from April.
The decline in the dollar in
sometimes hectic trading was
part of a long downward drift
In Paris, where the dollar hi:
its lowest level since July 1973,
traders said the drop by 3 cen-
times to 3.9935-4.0550 francs had
no special cause and was part
of a downtrend that has seen
the dollar lose 23 per cent of
its value in relation to franc
in the past 17 months.
Attorney
blasteds
Continued from Page 1
Bransdorfer said Ozer "should
know that the distinction be-
tween our courts as institutions
and their individual members
is vital and must be maintain-
ed."1
"There is no justification for
any law enforcement authority
to try his case in advance,
outside the courtroom," Brans-
dorfer said.
"Mr. Ozer's responsibility is
not to undermine the adminis-
tration of justice, but to im
prove it."
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