2
Wednesday, August 28, 1974
University Daily Kansan
DIGEST
Parties stress tight funds
The Democratic and Republican platform committees characteristically rallied behind their respective gubernatorial and senatorial candidates yesterday as they reviewed and approved their platforms for the 1974 general elections.
Major points in the Democratic party platform included an endorsement of the call by Atty. Gen. Vern Miller, the Democratic nominee for governor, for a campaign that asked Roy's plan to fight inflation through mandatory balanced federal budgets.
Miller's proposed spending lid would require the governor and the state legislature to determine whether adequate funds are available before money was appropriated.
The Republican Platform Committee reiterated gubernatorial candidate Robert Bennett's position opposing increased state taxation of either individuals or businesses.
- Advocated stronger emphasis on the problems of farmers and the preservation of agriculture.
A plank proposing a major reorganization of the Kansas Highway Commission was held on Tuesday night, cutting of bureaucracy and political patronage and the prompt construction of a new highway.
-Endorsed the creation of a state
solarship program at the University of
Kansas at Little Rock.
In other platform decisions, the Democrats:
Committed themselves to reducing the
From the Associated Press
TOPEKA-An audit of federal crime-fighting gifts given to the office of Atty. Gen. Vern Miller shows that there is no money missing and that no misuse of funds has been established, Thomas W. Regan, executive director of the Governor's Committee on Criminal Administration, said yesterday.
Official claims Miller is clean
Bregan said Miller was being asked to change his accounting system in two procedural cases; Miller, who is the attorney for the victim, horror, said this would be done immediately.
Regan and Miller said at a news conference late yesterday after a long session in Miller's office that there wasn't any money in the bank and that no money would be returned.
Regan said that if the two procedural changes were made, the case would be considered closed. Regan said the audit had to be completed tomorrow and made public.
Regan and Miller said the audit revealed that Miller's drug agents hadn't been receiving proper authorization before they obtained drug funds.
Miller said his office had used the accepted state accounting form, but this was not yet correct (enter).
Regan said Miller's office also would be required to stop co-mingling federal and state drug buy money and account for it separately.
dependency of state government on the property tax.
The Democrats also called for a statewide rejection of the proposed Republican pre-primary plan, stating that the plan would seriously impair the openness of the two-seat legislature and would isolate the Republican party leadership from the grassroots needs of Kansas.
However, the Republicans failed to mention the platform of the pre-primary education system which the Republican State Committee instituted for Republican candidates in 1976.
The Republicans also:
- Called for full funding of the school finance act with "improvements to relieve hardships in the areas where the property tax has been the most burdensome."
- Advocated a student loan program for medical students who were willing to commit themselves to remain in Kansas.
- Vowed to increase support to resiual
—Vowed to increase support to regional and state mental health centers.
In addressing the Democratic Committee, Atty. Gen. Vern Miller said fiscal problems were the most pressing matter to address because of the state's law that they applaud measures designed to bring prices back under control, they "need to be aware that the belt-tightening on the national level is certain to have some severe repercussions," he stated and local government level."
He said the state expected to spend almost $327 million this year in federal grants, revenue sharing and other forms of federal payments.
Bennett told the Republican Committee that their "first commitment must be to fast-track legislation."
He said that the Republican platform should be "a commitment of our willingness and a clear indication of our ability to affirmatively and aggressively respond to the issues that arise in a manner and a fashion that is now and will be in the future fiscally responsible."
FROM the Associated Press
WASHINGTON—President Ford has scheduled his first television-radio news conference for 1:30 this afternoon.
Ford to meet media today studies housing industry
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struction loans at any price because people are withdrawing money from savings and loan associations, which provide the bulk of the nation's mortgage money.
Positions Open for
He spent yesterday afternoon preparing for the news conference, after meeting with industry on ways to help the housing industry and accepting an invitation to visit Romania.
CONCERT SERIES Students interested in bringing CLASSICAL
The President's advisers presented him with 20 proposals to aid the industry, including tax incentives for deposits at savings and loan associations, more federal money for home loan subsidies and credit rationing to favor house building.
From the Associated Press
The housing industry has been hard hit by inflation and stagnation. James T. Lynn, secretary of housing and urban development, said Ford might move to aid the industry before his economic summit conference Sept. 27-28.
Treasury Secretary William E. Simon, in a meeting with reporters, identified the tax credit as one of the more reasonable tax proposals now being considered.
JAZZ
FOLK
OPERA
to K.U. should apply:
The number of new houses started last month was the lowest in four years. Interest rates for home buyers are pushing a record 10 per cent.
J. f. Terforst, the President's press secretary, said that although Ford accepted in principle an invitation from Romanian President Nicolae Ceaucesceau, "no dates were discussed and there are no plans at this time" for the visit.
Interviews on Wed. and Thurs., Aug. 28 & 29 6:30 to 8:00 p.m. Student Senate Offices
Ford
Builders complain they can't get con-
For more information contact:
Jack Mills 843-6801
Charles Fairchild 842-3529
FUNDED BY STUDENT SENATE
FUNDED BY STUDENT SENATE
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KANSAS UNION MANAGEMENT'S STATEMENT REGARDING MERCHANDISING CONCEPTS
IN THE KANSAS UNION BOOKSTORE
A story appearing in the Daily Kansas on Wednesday, August 21, 1974, regarding certain merchandising policies and practices of the Kansas Union Bookstore based on the standard operating procedure for retail stores, including the majority of college bookstores, in "marking up" existing stock to conform to present retail prices upon the receipt of new shipments. This practice has been going on for considerable time but only recently has come under public scrutiny due to concerns about the financial consequences of the economy. The article reflects some variation in Kansas Union Management's concepts of the actual policies governing retail operations and personnel concerned, the Kansas Union Management wishes to make the following information available to KU students.
The single purpose of the Kansas Bookstore is to carefully analyze the book and supply requirements for students and with a high degree of professional operation, procure, and make such merchandise available for sale at the lowest price. The Kansas Bookstore offers an on-demand information which is supported by the financial record of the Kansas Union Bookstore reflect just such a sound and efficient organization and the patronage Refund or Rebate program which has returned to students over the years substantial amounts of the excess of overexpense. The most recently declared Patronage Refund approved by the University of Kansas Memorial Corporation Corporate Refund program has currently been paid in cash upon the presentation by students and other patrons of individual blue slips for Period #5A. A total of $121,393.00 was set aside for return to students this last fiscal year or 63% of the total excess of income over ex-tenancy costs. This set aside is retained by the Bookstore to purchase equipment, make capital improvements, and other working capital uses.
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It is important to be aware that when the Bookstore purchases student books back at a semester's end, it pays 50% or more of what the student is being used next semester), regardless of what price the students paid for the book. This policy acts to balance the "markup" increase occurring from point of purchase to point of buy back. It is also important to note that any excess profits directly reduce "markup" would be distributed back to the same students making the original inventory in the form of patronage
A recently installed completely electronic and highly sophisticated cash register and accounting data system will improve the speed, accuracy, and efficiency of the Bookstore operation. It was necessary to modify certain procedures relating to merchandising and pricing techniques in order to prepare for this desired improvement. The end result will surely accrue to the students in the form of sustained or higher patronage refunds.
As stated by Union Management, there were no accounting entries made which artificially inflated the value of inventory in the financial records of the Kansas Union Bookstore. The net effect of any "mark-ups" would be to decrease the cost of sales and to increase the amounts available for return to students and/or other distribution by the Board of Directors of the University of Kansas Memorial Corporation.
A more detailed analysis of the merchandising policies of the Bookstore will be made by a select committee operating under the University of Kansas Memorial Corporation Board of Directors' Long Range Planning Committee. In addition, the University of Kansas Memorial Corporation Board of Directors' Merchandising Policies and Practices Committee of the same Board. On both of these committees, student interests are represented. Any changes necessary as a result of these reviews will be made and communicated in full to our customers.
It presently is the policy of the Kansas Union Bookstore, along with the majority of college bookstores, to "mark-up" some textbooks which may be on hand at the time a new order of the same books is received, which bear a new and higher price. For many years, the matter of "mark-ups" was of small consequence because prices did not vary that much, but in 2015, when the state's e-commerce laws allowed a dealing off in the coming months. "Mark-ups" have taken on new dimensions in light of these economic facts of life. There are now pre-price books being made by the Union Bookstore—these are not changed as new shipments and higher prices occur—and account for the different prices for the same books that a customer may encounter. It should be noted that there are also books available in print in prize but which still reflect the older prices because the Bookstore had stock on hand at the old prices. The Bookstore First - In First - Ou Merchandise Concept, meaning that merchandise on hand with the oldest receiving date is sold first.
The Kansas Union Bookstore was created for the primary benefit of students and has operated and will continue to operate within that framework. It is a efficient an operation as management can make it; however, there is always room for improvement. Statements by Union Management quoted in the news story contain accurate information in most regards, and certain details are necessary conceived the operation to be. It is quite obvious that no one simple statement can adequately reflect the merchandising policies of a large bookstore operation. More precisely, if would contain elements of many of those policies common to all major bookstores in the United States. The Kansas Union Bookstore standpoint, it will measure very high in rendering the best possible service to the students at the lowest possible price.