The Optimist (Abilene, Tex.), Vol. 74, No. 33, Ed. 1, Wednesday, January 28, 1987 Page: 1 of 6
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Features
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Students stitch for leisure
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abilene christian university
voktma 74 mnnbr 33 wtdndy ftmury 28 1 987
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Ootimist
Sports
Defensive coordinator resigns p. 5
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College to honor
JyTOMCRAIQ E.W. McMillan and Melvin J. salute will be presented by Charles
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Optimist staff
Five Dallas-area preachers will be
honored as the first Senior Servants
for the College of Biblical Studies
said Leigh Ann Craig director of
news information.
A benefit dinner to honor the
men and to raise funds to establish
scholarships for future preachers
will be conducted at the Anatole
Hotel in Dallas Jan. 29.
The funds raised from the dinner
ill be invested in five endowments
onoring long-time Gospel
E
eachers George w. Bailey John
Banister Hulen L. Jackson
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Steve Parker 1984 graduate of ACU performs a full twisting back Gibson Health and Physical Education Center during free time
flip while jumping on the trampoline In the gymnastics room of the Monday afternoon. Free time takes place every week night.
Divorce growing problem for children
P
KfUSTIBUCHART
etfncedty New Editor
Dear Susie
How are you? Remember when I
said it would be hard not having you
around here when you went away to
college? Well it realty has been dif-
ficult. I don't know how to tell you this
but I have tome bad news and J feel
you nave the ngnt to ftnow. xourja'
ther and 1 are getting a divorce. I
tvant you to understand though this
has nothing to do with you we love
you. Things are just not working out .
Stock investments increase
By BYRON HARRELL
Senior stall writer
Nearly one month into the new
year 1987 might be dubbed as the
year of the stock market.
But so far this year is not making
a repeat performance of the classic
m
S29 year ot tne stocK marxet wnen
Urket prices dipped to an all time
low. This year the New York Stock
Exchange has skyrocketed setting
dally records for nearly two weeks.
Traders both large and small are
pocketing the profits of a buy-happy
Eublic. The record trading has
elped virtually every stock market
Investor including ACU.
Wise. The Income from the en-
dowments will fund the scholar-
ships said Craig.
Dr. John C. Stevens chancellor
of the university is director pf the
Senior Servant program which
plans the tribute said Craig.
To qualify as a Senior Servant
said Stevens a man must have been
preaching for at least 50 years; his
work must exemplify what a Gospel
preacher ought to be; he must be a
constructive influence; and he must
serve his community.
Craig said Dr. Ian Fair dean of
the College of Biblical Studies will
be the featured speaker. A musical
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Usually college students welcome
the first letter from home. Mom
and Dad say they miss you ask you
questions about your classes and tell
you that everything is fine. Howev-
er when the first letter brings news
of parental separation the feelings
that result are not always easy to
handle especially alone.
"Most kids survive divorce: they
get over it" said David Lewis pro-
lessor oi moie wno is currently
preparing a doctoral dissertation on
children ot divorce. "But a minority
of children have severe problems
and it is this minority that we arc
The market surge of the past two
weeks comes at a time when the
ACU fiscal picture needs a boost
because of the weak Texas
economy. As university investors
are making the right decisions
ACU is increasing its small stock
portfolio to increase the size of the
university's endowment.
The key man behind ACU In-
vestment ventures Is Scott Mann
Investment analyst for the universi-
ty and a 1985 graduate of ACU.
Mann has the dally chore of
deciding what stocks to buy
whether he should buy bonds or
whether he should buy certificates
of deposit.
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Nelson professor of music and
David Brock assistant professor of
music. Special presentations are to
be made to each of the honorees.
Bailey has been preaching for 51
years and is an elder and minister at
Prestoncrest Church of Christ in
Dallas said Craig. He has worked
in the United States Europe
Australia the Far East and Africa.
Bailey spent several weeks in the
Soviet Union preaching in Moscow
Stalingrad and Rostov.
He worked for the University
Church of Christ for 14 years. Dur-
ing that time he was a regular
speaker on Herald of Truth interna
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concerned about because it is rapid-
lygrowing." Statistics show the divorce rate
has increased 700 percent in the
United States said Lewis. GUCK
a leading research group predicts
by 1990 more than 35 percent of
American children will spend their
developmental years in a single fam-
ily environment.
Ninety percent of all broken
homes are led by the mother said
Lewis.
In Abilene for every four mar-
riages there are five divorces. In
some classrooms 70 percent of the
"We've had to bail out of some
investments before. We don't
always make the right decision"
said 'Mann. But more times than
not Mann has made correct deci-
sions for the university increasing
the value of its stock portfolio
which includes investments in oil
banks and technologies such as
computer companies.
At a point when the mid-January
market is benefiting investors
statcgy is the key to help the uni-
versity maximize Its profits when
Investing endowment funds. The
university is investing principal and
profits to increase the endowment.
"If we buy a stock at $10000 and
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senior servants
tional radio and television pro- He is director of Bell Trust a lege in Terrell and Ibaraki Chr
tional radio and television pro
grams.
Banister has been preaching
almost sixty years said Craig and
has spent the largest part of his
preaching career at the Skillman
Avenue congregation in Dallas.
He has spoken at annual Bible
lectureships on eight Christian col-
lege campuses; preached in 30
states; held gospel meetings in
Tokyo Hong Kong Bangkok and
Manila; and has been active in
religious broadcasting.
Jackson has been preaching for 57
years and serves on the ministerial
staiF at Duncanville Church of
Christ said Craig.
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children
homes.
come from divorced
also reveal divorces are
Studies
ust as prevalent in religious fsmi-
les as they are in families lacking
the religious influence he said.
For this reason a new support
tup designed to help those deal-
wun divorce nas oeen orga
nized. Co-directed by Dr. .Steve
Allison and Susan Blake of the
University Counseling Center the
group is aimed at young adults
whose parents have divorced or are
Soe Group p.6
it goes to $1500 we don't have
$500 to pocket we have $1500 to
invest" said Bill Hilton vice presi-
dent for finance.
Mann said the recent market
surge helped ACU's technologies
investments and from analysts In-
dications the technologies stocks
will continue to rise this year.
Although the university doesn't
claim to be a big money investor it
doesn't deal in small change either.
No stock investment has been made
for less than $100000 saidMann.
Mann's multi-million dollar deci-
sions are sometimes affected by
events beyond his control like the
fall of a particular stock or as hap
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mission fund and the Voice of
rrttoom He has written lor the
Firm Foundation Gospel Advocate
Voice of Freedom 20th Century
Christian Power for Today and
Christian Teacher and authored
numerous books.
McMillan has been preaching for
78 years. He is currently the
preacher for the congregation that
meets at the Christian Care Center
where he resides said Craig.
A former chairman of the ACU
Bible Department he holds
bachelor's and master's degrees
from Baylor University He helped
found Southwestern Christian Col
Room phone
free during
summesters
The Registration Committee has
approved a plan to offer free room
rent and telephone service to. stu-
dents who take at least six credit
hours during Summestcr I or II
said Dr. Clinton Hurley dean of
Academic Support.
The plan was. passed in an effort
to attract more students to the.
Summestcr program and boost
enrollment he said.
The standard course load for a
Summeater session' is six credit
hours. For students enrolled In less
than six hours room rent will be
$155 for single or double occupancy
per five-week session. The amount
will include local telephone service.
Students in campus housing will
be required to purchase a meal tick-
et in the cafeteria for at least eight
meals a week said Hurley.
Summester charges will be based
on the university's 1987-88 rates to
be discussed by the Board of Trust-
ees Feb. 23.
Should time permit a final deci-
sion on these rates will be made. In
the event a decision cannot be
reached the Board will reconvene
in May said Hurley.
Board approves
curtain plans
The Sing Song 1987 executive
committee voted Thursday to use a
portion of Sing Song 1987-88 pro-
ceeds to purchase a stage curtain for
use in Moody Coliseum produc-
tions said Jeff Nelson director of
university events.
The curtain purchased from
Texas Scenic Co. will cost
$18574. Nelson said Sing Song
1987 will provide half the funds for
the curtain and next year's produc-
tion of Sing Song will pay the re-
maining sum.
Nelson said the committee has
been looking for a good deal and fi-
nally found it at Texas Scenic Co.
In San Antonio.
The curtain which will be used
in this year's production will cover
acts entering and leaving the stage.
endowments
pened the last two weeks an in-
crease in stock market share yields.
But the university takes a conser-
vative approach to investing and
Mann said the returns are usually
good.
Most of the endowment is in
estates such as ranches oil proper-
tics and real estate he said.
But the university is trying to
diversify the endowment diver-
sification helps the university when
one investment falls said Hilton.
During an earlier interview
Hilton said cash gifts comprise
about 6 to 7 percent of the annual
budget. Comprising more than 10
percent of the budget b the total
lege In Terrell and Ibaraki Christian
College in Japan.
He also served as director of
biblical studies at Christian College
of the Southwest and Bible instruc-
tor at Columbia Christian College
Wise has been preaching for 58
years said Craig and has spent
most of his preaching career in the
Dallas area. He has served at the
Walnut Hills Church of Christ
since 1972.
Wise is also a veteran of radio
evangelism and is on staff with 20th
Century Christian and Voice of
Freedom He has authored several
books and has participated in Bible
lectures at ten Christian colleges.
Currently Summester tuition and.
general fees are $130 per semester
hour. Changes in this figure will be
effective June 1 1 987 he said.
Since the 1983-84 school year tu-
ition hikes have occurred every year
because of inflation said Bill
Hilton vice president for Finance..
Hilton said he will not speculate
how much the rates will increase.
"You never anticipate the Board
It may not go up; it might go down.
But IT if did I doubt it would be
very much" said Hilton.
Maymester charges will be based;
on the university's 1986-87 rates.
Tuition and general feet will be
$130 per semester hour and room
rent will be $65 for single or double
occupancy per two-week session in-
cluding local telephone service.
Meals will be available in the uni-
versity cafeteria said Hurley.
McDonald Hall and Mabee Dor-
mitory have been chosen to house
students during the summer ses-
sions. The university is prepared to
open additional dormitories to ac-
commodate students if necessary.
All on-campus housing will be
air-conditioned said Hurley.
Thus Nelson said the costumes
will remain a mystery to the au-
dience until the curtain is opened.
Nelson said he thinks the curtain
will make the production more en-
joyable for the students and the au-
dience. This year's proceeds will also pay
Greg Holt's salary as assistant to the
director of university events said
Nelson.
In addition Nelson said students
will vote on how to spend anywhere
from $10000 to $13000 of the re-
maining profits.
The committee has been trying to
cut back on the production cost of
Sing Song and be more budget con-
scious this year said Nelson.
Sing Song performances are
scheduled Feb. 20 and 21.
endowment earnings.
The university not only buys
stocks it receives stocks as gifts
and die university has received
some good stocks Hilton said. But
the job of playing the stock market
is more difficult than knowing what
to do with gifts.
Recently Mann and Hilton mov-
ed into new offices on the first floor
of the Hardin Administration build
ing. The carpet in the offices is
new but Hilton said soon a path
will be worn in the carpet where
Mann has been pacing the floor try-
ing to make a decision about. the
future of a stock and ultimately the
future of ACU
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The Optimist (Abilene, Tex.), Vol. 74, No. 33, Ed. 1, Wednesday, January 28, 1987, newspaper, January 28, 1987; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth92093/m1/1/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Abilene Christian University Library.