European Stars and Stripes (Newspaper) - September 06, 1995, Darmstadt, Hesse Page 14 the stars and stripes Money matters wednesday september 6, 1995 today s rates following arc fixed rates at which Community banking an credit Union facilities will sell for eign currencies to . Personnel for personal use. British Pound. Unavailable dutch guilder1,60 German Mark. 1.43 note the rates above apply within Tho Host. Country figures Are expressed in dollars to Tho British Pound other currencies to Tho Dollar following Are Interbank rates. That fluctuate and should be regarded As the approximate value of the Lars. Dollar to. Foreign Curren. Pics. A. Austrian Schilling. 10.3060 Bahrain Dinar. 0.3769 belgian franc 30.142 British Pound. 1.5541 Canadian Dollar 1.3409 danish Krone v.5.6850 dutch Guilder. 1,6444 French franc. 5.0565 German Mark 1.4656 greek drachma. 235.93 italian lira 1,625.50 Kuwait Dinar. 0.3011 norwegian Krone 6.4065 portuguese escudo. 152.540 saudi Riya. 3.7504 Spanish peseta 125.75 Swiss franc. 1.2026 turkish lira 47,990.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar. Gold quote $379.40 an ounce Silver quote $5.29 an ounce sources merchants National Bank & Trust co. And the associated press nations Bank to take Over Bank South Atlanta a nations Ankcorn. Has agreed to buy. Bank South corp. For $1.6 billion in Stock the Bank announced tuesday. The Deal is the latest in a recent series of multimillion Dollar mergers in the banking Industry. Bank South has been rumoured As takeover target for More than two years and is the fifth largest Bank in Georgia with assets of $7.4 billion. Athe latest merger unanimously approved by the boards of both companies provides for each share of Bank South common Stock to be exchanged for .44 of a share of nation Bank common Stock. Based on Friday s closing Price of $61.50 per share for nation Bank Stock that makes the Purchase Price about $27 per share 16 percent higher than Fri Day s closing Stock Price for Bank South Stock. Atlanta based Bank South is Worth the Price said Ken Lewis president of a Tion Bank corp., based in Charlotte . Bank South is a Well positioned Bank in one of the most attractive mar Kehtsin the nation Bank corp. Is also the Parent company of nation Bank of Texas which will take Over All of the overseas banking operations for the defense department in Europe the Pacific and Panama begin Ning in october Bank South has 149 offices in Georgia including 60 in supermarkets and has 267 automated Teller machines More than another Bank in the state. It has $7.4 billion in assets and s5.1 billion in deposits. Nation Bank already the largest Bank in Georgia and the third largest in the country has $184 billion in assets with offices in nine states and Washington . The merger rewards Bank South s shareholders and offers its customers a Cess to an even broader array of products and services said Patrick Flinn Bank South chairman. Son of Jim my h is Tor Detroit a James p. Hoffa on monday opened a Campaign to become president of the teamsters the Post that made his father a legend in american labor. Thousands chanted Hoffa Hoffa reliving scenes from the 1960s, when the International brotherhood of teamsters exerted greater influence but was also teeming with corruption. The 1.4 million member Union is now on the Edge of bankruptcy Hurt by de Clining membership and internal strife. Hoffa 54, will Challenge incumbent Ron Carey in its 1996 election. \ i run because i cannot stand by and see the greatest Union in the free world destroyed by a handful of leaders that put their own Power and financial gain above the membership Hoffa said.,. He. Made the announcement outside Tiger stadium there thousands of Union members gathered for the Start of the an Nual labor Day Parade. His candidacy has Long been expected in 1993, he abandoned his Law practice to become a full time assistant to the presi Dent of a Detroit local.-. Hoffa campaigned for the teamsters presidency in 1991, but courts declared him ineligible because he had t spent two years working full Tim eat a team sters Craft or in a Union office. His father Jimmy Hoffa ident of the teamsters in 1958 and held the Job until 1967, becoming one of the most controversial figures. Of the Hoffa who had a Long running feud with then-. Attorney Genera Robert f. Kennedy was convicted in two separate cases of jury tampering and fraudulent use of the unions pension fund. President Nixon commuted his eight year sentence after four years of jail time in 1971. Jimmy Hoffa disappeared in july 1975 after launching a Campaign to bust his successor Frank Fitzsimmons. He is presumed dead although his body has never been found. Though he did not directly refer to his father James Hoffa said for 54 years i have benefited by being a teamster by being raised in a teamster Home. Now after 26 years of paying dues of working with the teamsters of helping you it Stime for me to stand up and take an Active " -. ,. V., 1996 election will be the second time that teamsters members have selected the president. The first time was in 1991when Carey won on a platform of reform.,. The Union agreed to open elections apart of the 1989 settlement of a racketeering lawsuit in which the Federal government accused the teamsters of Forg ing a Devil s pact with organized crime. Since then a Federal panel has monitored the teamsters. More than 400 have been suspended or expelled of corruption charges 50 locals and one joint Council have been placed under trusteeship. Detroit strip turns. _. For James p. Hoffa holds picket signs As he leads a rally in front of the Detroit news on monday. Hoffa is running for president of the teamsters Union. Sterling Heights Mich. A police in tit gear used tear Gas and Pepper Spray to disperse striking newspaper workers who flailed at officers with their signs burned an empty delivery truck and delayed papers for a second Day during the labor Day weekend. It turned into a bloody mess said John Peralta vice president of the strik ing mailers Union. The four hour clash at a newspaper printing Plant ended Early tuesday when officers scattered the 300 protesters with tear Gas and delivery trucks rolled out 3 /4 hours late with what management said were 720,000 combined editions of the de troit news and Detroit free press. At least three protesters were arrested and three were injured. A police officer was injured when he was struck by apiece of Cement and a Security guard suffered two broken legs when he was run Over by a delivery truck. Detroit newspapers vice president Susie Ellwood said the guard was pushed under the truck by demonstrators. The strike began seven weeks ago when six unions representing about 2,500 workers walked off their jobs mostly Over wages and work rules. Travel agencies catering to singles put Many on the Rob by the associated press Carolyn Rice did t mind travelling Solo. But when a Friend placed a Persona lad seeking a fellow traveler and ended up with a spouse Rice thought Why not take her chances maybe she could find a travel and possibly lifetime companion too. Sorice called travel companion Exchange inc. Of Amityville n.y., one of the few travel agencies nationwide catering to the40 percent of americans who Are single widowed or divorced. I went on trips without anyone and wanted to meet a travel companion i did t have to take my chances with Rice said. I also wanted a romantic rela the More than 20 singles agencies offer travellers of different physical Abili ties religion and sexual orientation everything from help finding travel mates to tips on less expensive travel. Rice sought a Man who liked biking hiking and Active vacations. She was t that impressed at first with Tony Janish. I was t that sure i liked him because he sounded arrogant on the Telephone the 42-year-old freelance travel write said. But Janish win Points when he offered to drive 15 Miles from his new Jersey Home to a new York diner near where Rice lived. They hit it off and planned a Vermont skiing trip. Seven months later Janish proposed in Hawaii. The two mar ried five months later. Jens Jurgen owner of travel compan Ion Exchange says he s been the conduit for several marriages in his 14 years inthe business. Travel and Romance have always Bee connected and people still go on trips and cruises to find somebody he said while some agencies aim is to mate clients others just want to give the someone with whom they can eat share expenses enjoy the sights and feel Safe. Agencies have specialized in retire ment age travellers for 30 years but those that Cater to younger single travellers find that demand for their services is growing said Steve Loucks spokesman for the american society of travel agents. Travel companions Ltd. Of Nashua,n.h., concentrates on platonic couplings. Owner Rose Kennealy said she has set up More than 30 pairs in her one year in business people like to save Money but the want to have someone to share the experience with. Not having to eat alone is a Biggie she said. People make new friends. We introduce them to a hand Tui of people who like what they like and they Are there
