The Michigan Daily-Saturday, September 12, 1981-Page 7
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( IT iPI1
NEW YORK (AP)- Marine Midland
Banks Inc., the nation's 14th largest
commercial bank, lowered its prime
rate yesterday, two days after
Republican members of Congress
blasted the financial community for
high interest rates.
In trimming its prime from 20.5 per-
cent to 20 percent, Marine Midland of
Rochester, N.Y., matched the
decreases made Aug. 31 by No. 3 Chase
Manhattan Bank ,and No. 9 First
National Bank of Chicago.
IT WAS AN indication that interest
rates might be declining, and by the
close of trading on -Wall Street the Dow
Jones industrial average had risen 18.37
Thomas Thomson, chief economist
for 'Crocker National Bank in -San
Frangisco, suggested yesterday that
an industry wide move to the 20 percent
level could come next week.
The prime rate is what banks charge
their most valued corporate customers.
It is an indicator of a bank's costs of
entry into your
or home for
You scan protect yourself
and your valuables.
For more information on this
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So you thought a five-hour wait in line at CRISP was bad? One student from Northern Illinois University in DeKaib of-
fers to pay $200.00 for admission into a iuch sought-after computer class which heimust take to graduate.
Coed Theta Xi alumni board
may exclude women members
(Continued from Page 1)-
"We figured we could talk to the con-
vention delegates over the next two
years (1980 and 1981) to educate them
about us and try to change their votes,"
said Bob Mitton, last year's house
.president. "All the chapters in our
region support us ... our major op-
ponents are in Louisiana and Califor-
Mitton said, however, that current
house members are- divided on the
"THE MALE-FEMALE issue is
*!hurting us," he said. "Until it's
-'decided, mihny people have the idea
that one of these days we'll kick the
House resident Dave White said he
believes the fraternity should become
all-male. "The general reaction (to my
view) is that I must feel women are not
important - that we're bet-
ter than they are. But that's not the
case," White explained. "It's just an
unusual situation, and it creates some
As an example, White cited "in-house
romances" where the couple eventually
breaks up. "How do you break up and
still live together?" he asked. "There's
no feeling that the women cause
problems-rather, the men and women
together cause problems."
THETA XI was established at the
,University in 1915, but women did not
begin moving into the house until 1972.
"There were severe problems with
the fraternity-sorority system on cam-
pus at the time," explained Wolf, who
was living in the house when it became
coed. "In the winter of 1972, there were
problems" with rush campus-wide . . .
we had done very poorly," he said.
"We thought that adding women
would make it (Theta Xi) fit in more
with the coed campus housing at-
mosphere," Wolf said.
ACCORDING TO Fought, the house
went coed "basically for financial
reasons . .. The house could have either
folded or given women a try," she said.
The local alumni board owned the
mortgage on the house and made house
policies. After it agreed to the change,
the board petitioned the convention of
the national Theta Xi fraternity
organization, which approved the move
by an exact two-thirds majority.
In 1980, the local chapter submitted a
mandatory progress report showing a
decrease in the number of women
members. The report was accepted
(approved) by the national convention
delegates. According to Fought,
however, the reduction in the number of
females was not a voluntary one, but
rather a natural result of a decline in
At the house, the members, male and
female, calmly go about the business of
moving in. "We're not 'up in arms'
because there's nothing we can do ex-
cept wait," said one female member
who asked not to be identified.
Technical n Set
Seven Pen Set
Now Only $39.00
MORE THAN A BOOKSTORE
549 E University at the corner of East U. and South U. 662-3201
The University of Michigan Gilbert & Sullivan Society
For the Fall Production of "UTOPIA, LIMITED.
If You Are Interested In Being A Cast Or Technical Crew
Member, Please Join Us:
8 p.m., Sunday, Sept. 13th
Anderson Room in the Michigan Union
Student Organizations, Activities, and Programs
a deportment of the Michigan Union
BASIC ACTOR TRAINING:-Karen Sniith, 10:00 am-12:00 pm
Exploration of fundamental techniques of character analysis
and improvisatior: as related to the actor's craft. Class limit: 10
BASIC THEATRICAL DESIGN: Gary Smith & Nancy Jo Smith,
10:00 a.m.-12:00 p.m.
Survey/Discussion with practical application for Scenery,
Lighting, and Costume Design. Class Limit: 20
DANCE FOR MUSICAL THEATER: Jim Posante, 12:00-2:00 p.m.
Technique and method, taking the body from a relaxed,
stretched state to a concentrated performance level.
Class limit: 20
DIRECTOR/DESIGNER COMMUNICATIONS, Gary G. Smith, 12:00-2:00 p.m.
Exploration of Director/Designer communications, with emphasis
on practical problem solving. Lecture/Discussion/Practical.
Class limit: 12 (6 designers/6 directors)
... before consulting the Michigan Daily Classified
Do you need a job, an apartment, a roommate,
tickets, etc.? We can help you find exactly what
you're looking for. Turn to the Daily Classifieds
before you make the wrong move.
FEES: UM Students-$15.00
October 3,110, 17,24,31
Take the Wild Ride!
500 E. Liberty, Ann Arbor
The Amaze N' Blue Machine. Step
inside and like magic, you're
suddenly perched at a death-defying
height in a rollercoaster. Or churning
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Or even racing at top speed at the
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So extraordinary,, so believable, it
rivals the real thing! Ride the
Amaze N' Blue Machine.
GARY G. SMITH, currently works for The University of Michigan-Ann
Arbor, as the manager of The Student Theater Arts Complex. He has de-
signed in the'Ann Arbor area for the past five years as well as for Hope
College, Interlochen Arts Academy, SUNY at Buffalo, and PBS-TV. M.F.A.-
NANCY JO SMITH, currently teaching Costume Design at The University
of Michigan-Flint, has designed in the Ann Arbor area for the past three
years and most recently opened two dance pieces in New York City. M.F.A.-
University ot Michigan.
KAREN SMITH, received her B.F.A. in Acting/Directing from Ithaca
College and is currently a master's candidate at Eastern Michigan Univer-
sity. She has directed and taught acting, improvisation, and theater games
at Ithaca College, Ohio University, and in area schools and theaters.
JIM POSANTE, currently a free lance director/choreographer throughout
the Detroit/Ann Arbor area, has directed over 30 musical comedies in the
last five years and is the choreographer for the International Music Camp in
The Simulation Station is Ann
Arbor's newest entertainment
ALL WORKSHOPS WILL TAKEP L ACE AT AnVA~rvn DreTQCYAIla~