Page 10-Saturday, May 17, 1980-The Michigan Daily Represenatives list their assets with as little detail as possible 4 From AP and UPI WASHINGTON-Being a millionaire in the House means never having to say what you're really worth. At least so it seems from this year's financial disclosure forms, which show assets of less-wealthy congressmen in far more detail than their more finan- cially fortunate brethren. The House released the financial statements of its members yesterday. The Senate statements are due Mon- day. THE HOUSE forms require each member to list his or her outside holdings and income, but the members -only have to say into what broad range their holdings fall. And the bigger the holdings, the broader the range. The smallest range, for example, is $1 to $5,000; the largest is $250,000 and up-to who knows where. The result is a hodgepodge of finan- cial information which shows where each member has invested his or her funds but tells little about his or her overall financial worth. Congressional salaries were $57,500, until last October when a cost-of-living raise boosted them to $60,662. A L L SA TS $1.S0 U N TIL 530 M INCLDIN WAYIDE CH THE FORMS ARE further com- plicated because some members list their wives' assets while others do not. There also appeared to be quite a bit of confusion on where to list partnership profits and profits from sales of real property. The result is that some known millionaires are shown with fewer assets than expected. For example, Rep. Frederick Rich- mond (D-N.Y.), whose vast stock holdings in Walco National Corp. and Walco Linck Corp., previously have put him in the millionaire category, shows assets of $550,000 and up. HOWEVER, HE received a nice rate of return on those holdings-whatever their total value. Richmond reported receiving $100,000 from a pension plan, more than $100,000 in dividends, and at lest another $100,000 in capital gains from the sale of some stock. Despite the lack of information, at least 21 members of the House appear to be millionaires and another 28 could be, according to the disclosure forms. POSSIBLY THE richest member is Rep. James Collins (D-Texas), who reported holdings between $5.4 million million; and Fortney Stark (D-Calif.), and $11.2 million. between $1.9 million and $5.4 million. Also in the upper bracket are Reps. Rep. Kenneth Holland (D-S.C.), who Sedgwick Green (R-N.Y.), who repor- made headlines earlier this year by ted assets between $3.5 million and $4.7 acknowledging he slept in his office to million; Stewart McKinney (R-Conn.), save on expen es, made a bit more with holdings between $2.6 million and news by disclosing an unusual $5.8 million; Harold Sawyer (R-Mich.), gift-"one bulldog named Roscoe," $1.8 million; Jonathan Bingham, (D- with an unknown value, from five con- N.Y.), between $1.5 million and $4.3 stituents. Kalamazoo declared federal disaster area KALAMAZOO (UPI)-President owners to obtain massive federal Carter declared Kalamazoo and Van assistance in their rebuilding efforts. Buren counties federal disaster areas yesterday because of a savage tornado RIEGLE AND OTHER officials an- that ripped through the region Tuesday, nounced the declaration while National killing five and causing more than $63 Guardsmen called into Kalamazoo to million in damages. aid in massive cleanup'operations piled Sen. Donald Riegle (D-Mich.), who twisted metal, tree branches, and toured the devastated area yesterday, pieces of shattered glass into eight 20- said the declaration will enable ton trucks. homeowners, farmers, and business- Red Cross official figures said damage to the city's downtown and 50 Kalamazoo Township, where the -Ddeadly twister touched down during rush hour Tuesday, was estimated at tAL 3-13$49.5 million. The remainder of the losses took place in rural Van Buren County. b=""ke"tstma-AN AIDE IN the office of U.S. Rep. Howard Wolpe (D-Mich.) said the White House called Wolpe's office about 3 p.m. to confirm announcement of the disaster declaration. Riegle said a disaster aid office will be set up in Kalamazoo within 24 hours so residents can begin making arrangements for federal assistance. A 24 hour nightmare of terror., Among the special. assistance available will be low interest federal loans and loan guarantees to farmers, business owners, and homeowners, and grants to state and local governments R to repairepublic facilities. L O4I- OTHER DISASTER aid, ranging DOiNTNiATH ai...TmE'S from temporary shelter to income tax NOWHERE TO RUN assistance, also will be available, N SHE WILL Riegle said. FIND YOU Acting on behalf of Gov. William Milliken, Lt. Gov. James Brickley late IJI13Thursday dispatched the official The monster movie request for a "major disaster declaration" for the area. An estimated 490 families suffered SONY No sAUGHTsome property damage in the sorm, said Sharon Byrd, disaster public in- formation specialist with the Red Cross. Byrd said of those, 27 homes were destroyed and 85 suffered major H ENDR IX 1 damage. Nearly 300 others suffered minor damage. ALSO-____The Red Cross said 18 apartment THEHENDRIXEXPERIENCE buildings were destroyed, 60 suffered IS HERE major damage and a dozen reported minor damage. Some 114 businesses were either destroyed or seriously damaged. 4 4 4 E 4