Brown and White Vol. 93 no. 45

              lehigh university brown and white vol 3 - no 4,-i bethlehem pa tuksday april 20 19h2 cjimhiii liki uc snack bar heart attack victim dies an oreland pa man died satur day after suffering a heart attack m the it snack bar according to campus police ernest mehr 56 of 338 valley hd oreland was pronounced dead at st luke's hospital at approximately 11 a.m saturday according to a campus police report mehr was revived by cardiopulmonary resuscitation given by sgt robert ashhurner md officer pedro torres he was transported by ambulance to the hospital where he later died mehr who is reported to have had a history of heart trouble is thought to have been at the iniver sit for engineering candidates ll.iv cyclist killed a 25-year-old bethlehem man was killed sunday night after the motorcycle he was driving was involved m an accident with a i m versity police cruiser on packer avenue todd holland of 540 montclair aye . was pronounced dead at mid night at si lukes hospital the accident occurred at 10:38 p m at the intersection ol packer and montcl.nr avenues according to bethlehem police the cruiser driven b officei pedro torres 31 was traveling west on packer avenue holland was driving south on montclair avenue bethlehem police would no give out any further information because of a pending investigation they will be meeting with the dis trict attorney today to decide if any charges will be pressed the intersection is located on the extreme west end of eampu.l there is a stop sign on packer avenue but none on mwntclair impressed b '..". • ■■ ■■ m isstuoi these prospective freshmen toured fritz kngineerinj lab as pan of knjjineering candidates day held on saturday candidates day for the arts college will he this coming saturday accepted high school seniors are offered lectures slide presentations and a free ha ih hone lunch suits filed against loan defaulters in what is described as a policy action against former students who have not repaid their low-interest student loans with federal loans being cut those former students delinquent m their loan payments may be jeopardizing potential recipients chances of obtaining loans according to university bursar joseph petronio the lawsuits are a final attempt by the university to collect their unpaid federal and university-provided loans the first suits were filed thursday m northampton county court by attorney paul florenz a university lawyer com plaints will be filed against the remain ing students il they do not repay their loans petronio commented that federal reg ulations require suits m cases ol delin quent loans exceeding i(h ii we were to turn the loans back to the government there would be no action he said the there is reasonable expectation of non payment petronio added in the sunday call-chronicle florenz s.iid he knows this is just the beginning it's impossible to pin down i number of unpaid loans because it changes every day but the ones i know of there must be 100 to 150 more though the new policy involves law suits florenz noted that former students would have up until the day before they were sued to make arrangements to repay the former policy of writing let ters did not apply enough force on former students to repay their loans he believed tlie university not the governmenl is obligated to repay the delinquent loans florenz said thus both national direct student loans ndsl as well as i'ni versity loans must be recovered by the university a college can't say to washington florenz said the college has 10 collect one implication petronio pointed out were problems the unpaid loans will give to incoming students requiring financial aid the loan payments are played m a revolving fund he said and money repayments are used for relendin what doesn't come m cannot go out petronio said he is hoping to clear most of the accounts but realizes not all will be paid we've had some response attempting to make settlements mostly phone calls he said he added a hope that the university's actions will deter future borrowers from contemplating not paying hack their loans another university official expressed concern over the loans by saying we've been getting slimmer and slimmer with the amounts we have to loan it has to stop somewhere university money in south africa h dave i'm i the university through three nnest ment firms currently holds stock m cor porations with south african interests and it least two of the investment firms have no guidelines or investment m the apartheid country this is despite .. forum x recommendation that the hoard ol trustees limit i'niv crsitv investments m the country the forum resolution passed m 1979 recommends that the hoard of trustees iv end investing m bulks lli.it lent money m the apartheid smith african govern ment also future stock acquisitions eie recommended to be limited to cor porations that endorsed the sullivan principles the principles stress increases m the number of promotions and management training opportunities lor blacks and other non-whites the university currently holds an undetermined amount ol corporate stock m apartheid south africa although exact figures are unavailable treasurer . md vice president john woltjen said thai there are probably a number ol companies that the university is invested m with interests m south africa the funds lor such investment come from the equity portion of the universi ty's endowment fund the endowment fund is currently valued at 75 million consisting ol gilts and bequests sixty percent of that ■ approximately 45 mil lion lorms the equity portion which is invested m common stocks and the i'm versity receives its interest the equity portion is administered by three separ ate investment firms general amen can investors company incorporated first manhattan company both m new york city and capital guardian m los ngeles these firms invest in corpora tions with south african interests m.ireia robertson 1 capital guardian executive said her company has no specific guidelines for south african investments but the company is quite careful when investing in the country the president of eneral american investors co inc malcom smith said his firm hasn't established guidelines " he added that some investors request special treatment of their capital invest ments bul the university is not one who has made a definitive statement " first manhattan company executive john 1 0111 is slated that the university's investments in south africa are not anything i'm inclined lo comment on prol david midon lecturer in urban studies and chairman of the forum sub committee that studied the situation kirk pendleton see forum page 8