University Daily Kansan, January 16, 1981
Page 7
Store closing leaves many shirtless
By DALE WETZEL Staff Reporter
Callers to the Rag Tag T-shirt shop at 1144 Indiana, accustomed to hearing the voice of proprietor Paul Horn, now get only the monotonous drone of a disconnection recording.
For at least three KU living groups, that recording means more than another trip to the phone book, however. It means money down the drain.
The Rag Tag is out of business—and two scholarship halls, a fraternity and the Kansan are among those left holding the bag.
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Members of the Grace Pearson Scholarship Hall are still awaiting delivery of 119 T-shirts ordered from the Rag Tag Oct 25. According to Jim Curtwright, Ferguson, Mo., senior and hall resident, the Rag Tag has not delivered the shirts or repaid the $230 deposit on them.
it' have it. The places in washing ash it, it it, we store on assault or tawdry
"IT'S GETTING rather clear that we're not going to get our money back," Cartwright said.
Cartwright's pessimism is shared by Dennis Dibler, an attorney representing the Bannister Bank of Kansas City, Mo. Dibler said Bannister foreclosed on a $22,000 loan to the Rag Tag in mid-December, and was in the process of selling the merchandise, which Horn used as collateral for the original loan.
"I don't think the bank will be able
to get its money back," Dibier said,
"and the bank has the first claim."
HORN SAID a lack of business had kept him from repaying the loan on his store.
"I didn't think that it would go to such an extreme," he said. "The bank, as business people, were doing at the time what they felt they should, though. I certainly can't criticize them."
Horn said he had not yet filed for bankruptcy and did not know if he would.
"I don't know what to do," he said.
"I've hardly got anything left."
All this is depressing news to Kathy Loving, Shawnee junior and resident of Watkins Scholarship Hall. She and other residents of the hall chipped in for a $5 deposit to the Rag Tag for 53 T-shirts.
BOTH CARTWIGHT and Loving ordered their shirts in October, waiting through November for their specially-made shirts before discovering that the Rag Tag had gone out of business.
The Sigma Alpha Epsilon fraternity also lost money to the Rag Tag, according to Tom Green, Manhattan sophomore and fraternity member. The fraternity had put an $80 deposit down in early
November for 45 jerseys, with delivery expected before Thanksgiving break. The jerseys
were not delivered on time, and Green learned of the foreclosure Dec.18.
Sue Forbes, Kansan business coordinator, reported losing $183.98 in bad checks for published Rag Tag advertisements.
"I just feel fortunate that we didn't lose any more than we did," she said.
Forbes visited the store's final "close-out sale" to check on the Kansan's bill, only to find the sale be supervised by bank officials.
Forbes has contacted the Douglas County District Attorney's office about the money, while Loving and Cartwright have notified Steve Ruddick, University legal services firm. He consults with his house president before acting. None have taken any legal action.
HORN IS resting at home in Kansas City, Mio., recuperating from a lengthy bout with congested lungs that occurred just after the bank foreclosure. Horn said he had a lung problem for years.
"This thing came rather quickly, and hurried herriely, and it was nothing that I had predicted. They walk in, and five minutes later you walk out.
"The bank's got my business, every damn thing I own," he said.
"It was a situation that I had no control of whatsoever, and God knows that I did not want in any way to have anyone lose any money."
JASPER'S BACK
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Two Chinese lecturers will begin KU exchange
James Scaly, administrative assistant to the chancellor, said yesterday that the lecturers were making their own travel arrangements and may have been slowed by bureaucratic clearances in China.
Two lecturers from Nankai University in the People's Republic of China are expected to arrive at the University within the next week.
Lee said he thought these four agreements, all neglected last year, of the opening of diplomatic relations with the People's diplomatic China.
The lecturers, Huan Zen-Wel, a chemist and Zhao Za-Jian, a biologist, will spend two years at them. They will work in an academic labor or work and conduct research as visiting
scholars, Chae Jin Lee, professor of East Asian studies, said.
Lee said the two would be the first scholars to study at KU as part of an exchange program with the People's Republic of China.
next fall KU will send three students to nankai University in Tianjin; Joe L. Morrison, St. Louis graduate student; Mark Jones, Santa Cruz, Calif.; graduated student; and Leslie Willett, senior. All are in East Asian studies.
KU also has negotiated an agreement with Nanjing University in Nanjing. An
exchange of students is planned next fall. Two other agreements, one with Zengzhou University in Hennan Province and another with Collegiate College, will permit the approval of the Kansas Board of Regents and Gov. John Carlin.
"Certainly we are not the first to do this, but one of the first ones," Lee said.
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