University Daffy Kansan
Monday, June 21, 1976
2
$2 bills collect dust, not interest
By CORA MARQUIS
Staff Writer
Many newly issued $2 bills may be lying unused in the dresser drawers of the American public, according to Barry Ridley, a chief economist at the Federal Reserve Bank of Kansas City.
It was the hope of the Treasury Department, Robinson said, that the $2 bills would win widespread acceptance and thus save money. But the Treasury Department printings and handling costs of currency
"We think that many of the bills issued were taken as collector's terms," Robinson said.
It is unlikely the bills will become valuable because 400 million are being printed, but they seem to have been taken as mementos of the Bicentennial. Robinson said.
USE OF the bills doesn't seem to be ammonium. The bank wants to bank of accounts, merchants, and students.
Judy Wenger, vice president of Lawrence Bank and Trust, 647 Massachusetts, said that the bank hadn't had much demand for cash because the bills on April 13. She said hasn't been any regular demand for the bills in businesses' change orders. Businesses may not be using them because the bank does not accept designs to accommodate an extra bill.
"They really haven't been an overnight success." Wenner said.
David Pickett, assistant manager for K-Mart, 31st and 1st law, said that out of every $1,000 taken out of the cash drawers, there were only about ten $2 bills.
"Just in the last three weeks there seems to be some acceptance of them. At first people held them back. Now they are being used more," Pickett said.
COLLEEN ABRAMS, Lawrence senior,
said that she had received a couple of the
bills as change since they were issued,
but that she had spent them right away.
"I don't think students are too likely to save money by Bicentennial memors,"
On April 13, the birthday of Thomas Jefferson, whose portrait appears on the face of the $2 bill, 225 million new $2 bills were made available to banks through the Federal Reserve System. An annual printing of 400 million is anticipated.
AN ESTIMATED $27 million to the Federal Reserve System in handling currency and $8 million for the Treasury and $4 million for the resuscitation was an incentive to resuscite $2 bills.
Although the $2 bill was issued in conjunction with the Bicentennial, it will continue to be issued in subsequent years. It is the hope of the Treasury Department that it will become a permanent component of the nation's currency.
An average of 1.7 billion $1 notes are required each year, accounting for nearly 60 per cent of the total volume of currency printed. The Treasury Department hopes the $2 bills will replace about half of the $1 bills in circulation.
The first $2 bills appeared in 1776, issued by the Continental Congress as "bills of credit for the defense of America." Forty-nine thousand were circulated.
The $2 bill reappeared in subsequent years as over-size U.S. notes, silver certificates, Treasury notes, national bank currency and Federal Reserve notes. They possess certain features including those of Alexander Hamilton and George Washington.
THE LAST PRINTING before this spring's was the 1963-1964 series in May 1965. It was discontinued because of lack of public demand.
In 1928 the more familiar-size bill was presented with the portrait of Thomas Jefferson.
The past unpopularity of the bill has been attributed to many things. It was said that some people were handing out $2 bills instead of $1 bills. Some people said they were mistakenly accepting them as $20 bills. Two was even said to be an unlucky number.
It is hoped that the low volume of past printing may have been the real reason for their unpopularity. In 1966 one third of one per cent of all outstanding currency was $2 bills. The current printing will greatly exceed that percentage.
The face of the newly issued $2 bill looks the same as that of the 1963-1964 series, with an engraving based on Gilbert Stuart portrait of Thomas Jefferson. But it's been changed from a U.S. note to a 'Federal Reserve note.
THE REVERSE of the bill has been completely changed. Where the old bill had an engraving of Monticello, Jefferson's home, the new has a version of John Trumblund's painting, "The Signing of the Declaration of Independence."
The original painting hangs in the Trumbull Gallery at Yale University. Trumbull painted the original shortly after he graduated from Yale and missioned to reproduce the painting in the Capitol Rotunda in Washington, D.C. Six figures on the extreme right and extreme left were painted had to be dropped from the painting on the bill because of lack of space.
KU Theatre will lose director to classroom; Davis retiring
By CHARLOTTE KIRK
The lure of the classroom seems to have drowned out the call of the stage for Jed Davis, who will retrace as director of the school's return to full-time teaching effective July 1.
Davis, who has been director of the theater for nine years, said it was time for a choreography.
Davis will continue to work with University Theatre's children's productions. He will teach a new course on children and drama this fall.
"I have contributed as much as I was able to and I think the theater needs some different direction," Davis said Thursday. "There are things happening in my field and I haven't been able to keep up with them."
HE WILL also continue to teach an
outreach program which involves creative drama in Topak's school system and civic
"We have taken the children's theater out of the experimental theater, putting it on the main stage," Davis said. "We have also used them in writing and production of original plays.
Davis said that since he had assumed directorship in 1967, several changes have taken place. He has also served as chairman.
From page one
But whatever has been done in the past nine years, we have done it as a faculty," he
DAVIS ALSO instituted a system of student involvement in the decision-making process.
North Lawrence
"We now have three graduate and three undergraduate students in addition to the five graduate students."
Lawrence received funds only in the third entitlement period, he said.
Mallonee said there had been a good response to rehabilitation grants from the US.
Coley said there were $110,000 in rehabilitation grants available to the city and that currently North Lawrence has two grants to every one from East Lawrence.
"NORTH LAWRENCE has been pushed to the back burner in the past and now it is being moved up. Cooley said, "We have to move the front." LawRENCE makes the requests it's "fine with us."
However, Reis said, the grants were difficult to qualify for. Unless someone is destitute, he doesn't qualify, she said, and it can take up to two years to get a grant.
"Pride gets into some people's way," she said.
THERE ARE a few projects that would directly benefit the North Lawrence area in connection with the project.
The Capital Program is a guide to assist the city's departments and divisions in decoding capital expenditures.
REQUESTS FOR ALEY improvements and sidewalk construction in certain parts of North Lawrence were rejected under the Capital Planning Program because city policy requires those requests to go through different channels.
The 1977-82 Capital Improvement Plan includes an estimated $62,500 for Lyons Park improvements. The total cost for the 1977-82 improvements under the Capital Improvement Plan is an estimated $48,233,415.
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A request for a recreation-social building at Lyons Park was also rejected because the city didn't find that there were adequate need.
Reis said a community center was desperately needed, especially for the large number of elderly people living in North Lawrence.
Paul said there was no city-financed community center in North Lawrence.
Mallonee said North Lawrence residents help each other. Her husband laid the sidewalk in front of their house himself, she said.
general clean-up done in North Lawrence.
"no faults left with the people
thiefpened by them."
The theater has also sent two plays to the national festival in Washington, D.C., since Davis has been here. "Indians" was sent in 1971, and "Con Personas," a play written by KU student Paul Stephen Lim, was sent this year.
PERIPHERAL AREAS of lots need care, she said. Because they lack storm sewers, she said, ditches are used and often overgrown with weeds.
Reiss said many myths exist about North Lawrence. There isn't a large welfare population in North Lawrence, she said, although North Lawrence has a proportionately large number of elderly residents. She said there was a low crime rate.
DAVIS, WHO received his Master's and Ph.D. at the University of Minnesota, taught by Michigan State in East Lansing and by Michigan in Paul, Miln., before committing to KU in 1960.
Reis said vacant lots with crumbling houses, unsightly industrial areas and fields in the residential areas added to the unkempt appearance.
"I think of all the places I have been, KU is the most exciting," he said. "It's one of the few places that offer theater and music we. We produce many new plays and musicals."
Harold Mallonee, president of the NLA, said that North Lawrence residents have done without so much, for such a long time decided to "do with what they've got."
"People believe it's the city's responsibility to clean up its own property," she said.
"I think we have a very good caliber of students, and this helps us put on the show."
Davis said that KU had an outstanding university theater program that aspired to prepare students for many different kinds of careers, not just those in the theater.
"We're WAITING for a lot of the students to mature professionally, and we'll continue to give them practice in the meantime." he said.
"We have had the support of the upper administration, students and the Lawrence community, which helps the theater quite a bit. But we feel the theater here has a great future."
The productions aren't put on solely by beater majors. Usually about 300 people are hired.
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Davis's successor has not yet been chosen.
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Three Mount Oread Bicycle Club riders qualified for U.S. Cycling Federation National championships by winning state trials this weekend at Manhattan.
3 Mt. Oread bicyclers going to nationals
Mark Kolar, a former University of Kansas student, finished first in the 10-mile race on Saturday at Cloe Park, qualifying for the championships August 7 and 8 in Northbrook, Ill.
In the 25-mile trial competition yesterday,
Mount Gore riders took seven of the top
points in the event.
Although all four riders broke the national's qualifying time of one hour, four minutes, Conrad and May fill the quota of seven riders. Kansas by the U.C. Cycling Federation.
Conrad, Lawrence sophomore, was first followed by Jim Mary, Wichita graduate student, Carl Melick, a former KU student, and Roger Schwenpe, Lawrence senior.
said is comparable to breaking the four minute barrier in the mile. Conrad's time broke the state record held by Bill Nicholson, Overland Park.
Corrad missed breaking the one-hour mark by 35 seconds, a feat Gene Wise U.S.A. couldn't accomplish.
Corned and May will compete in the time
national nights. August 11 and 12 in
London.
KANSAN WANT ADS
Accommodations, goods, services and employment advertised in the University Daily Kanan are offered to all students without charge. FREE RELEASE. FREE RELEASE. BRING ALL CLASSIFIED TO 111 FIRELHALL
one two three four five
time times times times times
Goldnecker Optical
CLASSIFIED RATES
The Mount Oread club will try to qualify other riders for the nationals next weekend at the state road championships held in Manhattan.
15 words or
fewer $2.00 $2.25 $2.50 $2.75 $3.00
Each additional
word ... 98 ... 98 ... 98 ... 98
AD DEADLINES
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Tuesday Friday 5 p.m.
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Thursday Tuesday 5 p.m.
Friday Wednesday 5 p.m.
ERRORS
The UDK will not be responsible for more than two incorrect insertions. No allowances will be made when the error does not materially affect the value of the ad.
Found items can be advertised FREE of charge for a period not exceeding three days. These add can be placed in person or phone call the UDK business office at 864-4388.
FOUND ADVERTISEMENTS
ANNOUNCEMENTS
Lawrence Gay Liberation Conference: Kansas University
summer and next fall. Everyone welcome. ¢-22
summer and next fall. Everyone welcome. ¢-22
UDK BUSINESS OFFICE
111 Flint Hall 864-4358
LAWRENCE  GAY  LIBERATION'S  SUMMER
CAMP  IN  WASHINGTON,  TO  NOVEMBER
or  June 22. Beer will be sold. Everyone
can participate.
FOR RENT
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ATTENTION STUDENT RENTERS—Dry in and us about ask renting a mobile home. Inquire in person (no phone; calls please) at WESTER NOBILE HOME, 3409 6th Street, Lawrence, KS 71032.
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STEREO COMPONENTS FOR LESS-Regardless of any prices you see on popular hi-fi equipment other than factory dumps or out-of-produits, most are available at the GRAMPHONE SHOP at KIFFS. **tf**
FINE SELECTION OF WESTERN SHIRTS.
RAASCH
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Open 9 10 am to 6 4 pm
BankAmerica
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RUGS-CANVAS-CREWEL
THE CREWEL
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13 East 8th 841-2656
10-5 Monday Saturday
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For new Chevroletts and used cars at
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843-7700
the GRAMOPHONE
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Excellent selection of new and used furniture
trades. The Furniture and Appliance Center, T948
230-765-8100.
GIRLS- SUPER SUMMER SALE! GREAT BAR-
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6-24
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KLF-162E extension tube. Storm. Stevens 841-2976.
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Car stereo-JLL - Craig - Crainer - Jenner-
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81st St. 84-2047
Excellent deal on a new AM-FM receiver -25-125
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Record Sale - buy one, get one free. This week
Record Hall - limited supply. buy one, get one free.
8th St. 88th St. A-622
Need a good deal on a turbantable? We have h.16
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New $100 package. Ray Audio, 13 E.8th St. 6-22
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14 Honds. 125. Excellent condition. 3 helmets.
or best off. 117 Louisiana. 843-689. Rick.
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HELP WANTED
Housekeeper—part time. Call 842-6279 evenings.
AVON* extra money for college and vocation. Call Mr. Salm. MBs: 823-746-1985. Train call: Ms. Salm. MBs: 823-746-1985.
LOST AND FOUND
Transistor radio east of campanile. 842-8735. 6-21
Found, large male tabby. 12th and Vermont, call
841-7396.
Oak, Opal ring, yellow gold setting. Call pa-
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lar.
Found, small yellow kitten in area of 9th and
Indiana. Cairn 841-2793. 6-25
Newton High School 1974 class ring. Blue stone
High School. Found last month. **6-23**
Pepper apry now.
NOTICE
Swap Shop. 620 Mass. Used furniture, diaries,
papers, maps, cloisons, televisions. Open daily 12-
5pm.
Cool it these hot aftersavings with fruits and
foams, patafits and peaches. Gold Cup ice cream
and chwackshe galve at the Cashah Cafe, 808
Dinner; door to. Dinner; till 8:30 except
Sunday.
GUARANTED WEIGHT LOSS: Send one dollar
guarantee for weight loss to Moss Park,
Monticello Bldg. 203A, Beverly Hills, CA 90027.
www.mossparkbldg.com
After 28 years in business, if George doesn't he will it make it. George's Phone Shop, 722-564-9900.
CANNING? Probe nuts and burgers in bulk. The Shikaye Cheese Shoppe, 919 W 23rd Street
804-265-2722
PERSONAL
Alcohol is America's one drug. If you need it, Alcohol Analgesic® 858 if you don't. ALCOHOL ANALGESIC® 858 U.S. TENNIS CARD LABEL U.S. TENNIS CARD BLUEBLOCK, rock folk, rock music, mandolin, guitar, blues, rock folk, and classic guitar. Mason Saison Instrumental® 841-817, M6-28
Foreign students are fun people to know and learn from. For a challenging cross-cultural experience, join Operation Friendship each Monday at the, at Center, 639 W. 19th. Infl. #5783. 5783.
FREE KITTENS, very cute. Paul or Jlm 843-
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SERVICES OFFERED
Math Tutoring - Competent* experienced tutors can help you through courses 002, 103, 105, 118, 115, 114, 116, 122, 123, 120. Regular sessions or online test preparation. Reasonable hours. 7-29
842-7681
Lawrence Gay Liberation social activities: 843-953,
Counselling: 842-7505. 6-29
TUTOR
Have you children learn Spanish and art, grad. 845-666; spanish speaking senior art school; Carolina 845-666.
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Get service or law recounts. Call Kelly.
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TYPING
1 do damned good typing. Peggy, 862-4476, 7-29
40 messages taken 24 hours).
Experienced typist—term paper, thesis, mile.
Instructed typists. After proofreading, spelling
correct; 843-583-7160.
Experimented typemix ttypim HIJ Semilicate, term paper-
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Judge 841-10490.
Math Tutor with MA in mathematics. Call 841-758
after 6 p.m. tf
WANTED
Typing, professional quality work guaranteed,
testing, data entry, thesis, dissertation, ptsic electr. B.A.Social
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Experienced typist will do all kinds of typing in my home. Call Carolyn at 814-0984. 8-29
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Call Joan, 841-921-7987. Call Joan, 841-921-7987.
7-29
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845-7234 evenings.
Need females to share large house. 411-5156, 8-24
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7th & Arkansas 843-3328
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843-9404
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Open 2 p.m.-3 a.m. Dancers 3:00-3:30 p.m.
Memberships Available
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THE HAWK
Chilled Glasses
-Open 7 p.m.-Midnight
For Cool Summer Refreshment . . .
& Schooners
Pitcher Night Wednesday
-Open 11 a.m.-Midnight
- Sandwiches
THE WHEEL
- Sandwiches
Outdoor Beer Garden
"Beat the Summertime Blues at 14th and Ohio"