European Stars And Stripes (Newspaper) - May 12, 1985, Darmstadt, Hesse                                May 1985 the stars and stripes Page 5 scared savers mob Maryland savings and loan Baltimore a hundreds of anxious depositors waited in Long lines Fri Day to withdraw Money from Maryland privately insured savings and worried about reports of a management shakeup and an a similar number showed up thursday at branches of the old court savings loan association to withdraw the lines formed Friday despite assurances by executives of the the and the Thrift institutions private police said about 100 people camped out Side old courts Randallstown Branch Friday night waiting for it to open about 200 people were waiting at the Randallstown Branch in suburban Balti More county before it Long lines were also reported at other including one in the old court has seven branches in the metropolitan i guess were All concerned or we  be said a Man waiting out Side the downtown officials of the Thrift institution tried to Calm the fears of depositors and make them serving them punch and Pas tries at one the fact of the matter is theres really no need for said Heidi old courts Public relations there losing interest and there really hurting Charles Hogg president of the Maryland savings share insurance which insures old court and the More than 100 state chartered Thrift has declined to give any figures on How much Money was withdrawn or How Many withdrew concern Over the associations stability was heightened Friday when state attorney Gen eral Stephen Sachs said he planned to investigate a possible conflict of interest within old courts Sachs refused to but said Harry Hughes had authorized the criminal a photo nervous depositors seeking to withdraw Money line up at the old court savings and loan association Branch in Large numbers of depositors rushed to the savings and loan thursday following news reports that John Faulkner had been named the new chief operating officer to help straighten out what the private in surer described As increasingly serious difficulties with existing the hardest hit Branch was the one in which stayed open until 11 Hutchinson said an investigation would show that the problems facing old which has nearly million in Are unrelated to its financial she Hogg also said depositors were withdraw ing their funds because of fears stemming from problems we Are ail highly sensitized because of recent events in he Ohio 70 privately insured Loans were ordered closed March 15 by Richard Celeste to Avert a feared run on Chase Manhattan head warns of Thrift crisis hot a the chair Man of Chase Manhattan Bank said the coun try could potentially be facing a serious crisis in the savings and loan Willard head of the giant new York said the troubles that forced the temporary closing of 70 privately insured savings and loan institutions in Ohio earlier this year could strike institutions weve got billions of dollars of assets in the Thrift Industry with inadequate capital under and my guess is that the banking Industry will be called on to help Avert a he told reporters at a briefing held by the business which opened its Spring conference Butcher said Many Banks will Likely react As Chase has done in seeking to buy two Ohio thrifts and convert them into Commer Cial when an Industry gets into the banking Industry has to come in and help bail it he i never heard it called a Thrift crisis in it was called a banking he he said the whole question of Federal insurance of deposits would also have to be Butcher said he was not suggesting a politically Active lutheran pastors fired total merger Between the Federal savings and loan insurance which insures Thrift and the stronger Federal de posit insurance which insures Bank but he said he would not be surprised to see some Type of unified insurance fund in certain cases in the Sands of time Franklin a two lutheran ministers whose political activities on behalf of the unemployed have split their congregations must step Down As Pas the local Synod ruled the Daniel Solberg must leave nativity lutheran Church in Allison Park on the executive Board of the West Ern Pennsylvania West Virginia Synod of the lutheran Church in America the William Rex was ousted from his two Rose Crest lutheran Church in Monroeville and Marks Luther an Church in effective May the Board said the actions were taken because the relationship Between the Pas tors and their parishioners had the ministers congregations had petitioned for the Synod an investigating committee mended last month that Solberg leave his and the majority of the congregation voted april 28 to accept the another panel recommended that Rex drop out of the denominational ministry strategy to reconcile strife at both of his the Dos is a band of clergy that supports the use of confrontational tactics to dramatize the plight of the Unzem members of Marks Church Defeated that recommendation april and Rex barred his other congregation from voting on the a similar series of events last year led to the ouster of another Dos the Douglas Roth of Trinity lutheran Church in Roth spent 112 Days in jail for defying his court backed in lutheran Church officials ruled Roth should be defrocked for his Defi he has appealed that 19 sued Over repayment of student Loans Maine up the saying nobody gets a free filed suit against 19 including a Doc Tor and a who refuse to repay Feder ally guaranteed College the filed in Federal court in bang or and involve individual Loans ranging from to for a total of about what we will do is obtain judgments against All then we have the ability to Levy on assets or attach wages if that attorney Richard Cohen said no one gets a free ride everybody is treated the Cohen said judgments will be sought in All but payment plans would be offered those unable to immediately repay the balance of an educational we Are going to take a much More aggressive but its going to be done in a thoughtful Cohen but if somebody clearly flouted and has the ability to Well take much More Strin gent in announcing the Cohen said allowing some people to jump their obligation to repay Uncle Sam was totally unfair to those people who have in Good Faith repaid their these people knew they had an Obliga Tion when they applied for these he in the stars and stripes 40 years ago today May 1945 in new former president Herbert world War i food said that starvation in Europe still could be averted if a great Stream of food begins to flow to War torn lands within the next two 30 years ago foday May 1955 a Pentagon rejection apparently has ended any immediate Chance that Congress will consider promoting Douglas Macarthur to the peace time rank of general of the 20 years ago foday May 1965 the dominican Politi Cal situation was thrown into More confusion when Elias Wessin y Wessin reneged on a Promise to the rebels had demanded Lessins ouster As one of their conditions for talking 70 years ago foday May prime minister Prince Souvanna Houma in has virtually conceded communist Victory in lao radio appealed for the populace to re main Calm and denied rumours there would be