| Show 2A : Standard-Examin- Thursday er September 22 1988 PORT-AU-PRINC- Haiti (AP) — E soldiers turned on their command-er- s and civilian mobs slaughtered the henchmen of three decades of Haitian dictators in the spreading chaos of a ' popular soldiers’ revolt In an isolated case of loyalty to a J commander troops in the northern port I city of St Marc killed a boy Wednesday when they fired into a mob I about to attack the home of a sergeant ! with a reputation for brutality witnesses I said soldiers in at least 16 units military throughout the country ! More Rank-and-fi- le Thrift From 1A would get their action together and take some action” Faced with public and political pressure against a delay the Senate bore down and less than an hour later produced their version of a compromise Malcolm Misuraca who represents 17000 depositors in a class action suit pending in 3rd District Court Bangerter and Senate leadership then worked later ine to the night to the plan Under terms of the new agreement which Senate leaders say should pass easily during a special session 2 pm Friday depositors would have to wait up to five years to obtain the rest of the money they lost when the state seized the assets of five thrift and loans in July 1986 Misuraca met with Bangerter Senate President Harold Christensen and Majority Whip Dix McMullin for nearly three hours late Wednesday and agreed to the terms of the newly negotiatsettlement ed Earlier Wednesday a settlement proposal advanced by Bangerter two weeks ago was roundly criticized by legislators It underwent major revisions during closed caucuses throughout the day Two major sticking points were proposed amounts for attorneys fees and agreement among Republicans that they fine-tun- V out-of-co- Change from 1A California after Winn went bankrupt and illegally dipped into the pension funds Z MountainWest officers were Concerned the union would try to jrnforce the $6 million judgment against their savings and loan and found potential investors repelled by the possibili-- y Federal savings and loan officials prevented that from happening this year by issuing an order prohibiting it but a lawsuit in Dtah’s US District Court was Slowly moving forward What happened Wednesday was in effect a paper process ivherein all assets but no unsecured debts were transferred to a '“new” institution: a federal mutu-'association called Mountain-'iVeSavings and Loan Association a Federal Association al st 0 0 0 as chaos spreads More soldiers mutiny support today for the mutineers The Confederation of Democratic Unity urged people to meet outside the St Jean Bosco Roman Catholic Church where 13 worshipers were killed and 77 wounded by thugs attacking with guns pikes and machetes during a Mass six days before the coup The demonstration was previously scheduled for Wednesday and confederation leaders had suspended it saying they would meet instead with the leader of the military rebellion Sgt Joseph Heubreux and Avril There was no confirmation the meet have revolted against their commanders since ousting and exiling Lt Gen Henri Namphy in a weekend coup and naming Lt Gen Prosper Avnl president Avril tried unsuccessfully to quell the uprising on Tuesday by naming a new armed forces chief and retiring nine unpopular commanding officers “The situation is precarious After all we are in the midst of a general mutiny” one Western diplomat said Wednesday speaking on condition of anonymity a leftIn the capital of ist coalition called for a popular show of Port-au-Prin- assets — back — $6 million State's cash contribution — New settlement agreement: still shop and do much of their business in Ogden While having to provide services to those residents the county doesn’t get much sales tax from them he said “But I think in the next few years that situation may improve We may get a store or two to where we can keep that money Depositors must wait (or funds until thrifts' remaining assets are sold - $16 million State loan based on value of thrifts' remaining assets $15 million Amount depositors won't get back From 1A State's cash contribution — : million Total deposits: $106 million Source’ Office of the Governor Standard-Examine- 1985 However the savings and loan lost $23 million in fiscal year 1986 and a whopping $251 million in fiscal year 1987 Richards explained that the $251 million includes a significant amount socked away in reserve accounts when the institution changed its accounting techniques “Actual operating losses (for last year) are probably more in the neighborhood of $25 million” he said Depositors at MountainWest today found no difference in operations All the same tellers and officers arc still on board with the exception of Joe Donovan the institution’s chief financial officer The institution does have four new directors Only President Larry Richards was retained as a board member Traditionally when federal officials step in a new board of directors is put in place Richards’ retention should r graphic of confidence for the president said Bank Board spokesman Dave Loveday “Larry’s done a good job (since he took over four months ago)” Loveday said “We could see no reason to replace the current management” New directors include: Richards Jeanette Watkins an attorney with the Salt Lake City firm of Hansen Barrett and Maxwell David Hamblin a management consultant in the areas of marketing and product development with Fortune 500 companies Burton Cassidy formerly with Equitable Life Insurance Compad ny of New York and Gail an attorney and the retired director of the Salt Lake City regional office of the Securities and Exchange Commission The new MountainWest has a federal charter instead of the old be viewed as a vote Weg-glan- MountainWest’s charter state-issue- d particular to weigh its implications for legislation that would tighten congressional control over the CIA’s covert activities The Reagan administration opposes the bill which is scheduled for floor consideration next week A version already has been passed by the Senate where sponsor William Cohen rose on the floor today to chastise (Leve's tested according to Thiokol and NASA requirements for launch he said ll The Standard-Examiner'- s policy is to promptly correct any er- ror If you find a mistake or “There is no difference apparsomething you think is unfair ent to the eye but there is a please call from 7 am structural difference ” said Thito 4 p m weekdays okol spokesman Rocky Raab at 625-421- 2 Ogden The redesigned “nozzle inlet ring” is less likely than previous ones to be charred by searing gases Perry said Reporter Charles Trentelman contributed to this story A photo caption accompanying a Saturday story about an illegal drug laboratory in Perry misspelled the name of Lynn Yeates a detective with the Box Elder County Sheriffs Office Standard-Examine- r Gene Glasmann Hatch — President Johnson — General Manager Randall C Hatch — Managing Editor Flora Ogan — Associate Editor Published daily and Sunday by the Standard Corp 455 23rd St Oqden Utah 84402 Copyright © 1988 William L fffX SHOWERS y Postmaster: Send address corrections to Standard-Examirm- r ) (USPS PO Box 951 Ogden UT 84402 Second class postage paid at Ogden Utah 403-840- Circulation To subscribe: Call the circulation department at one of the numbers below weekdays 8 a m-pm Weber & North Davis counties South Davis Box Elder 8t Morgan Delivery problems: Call before 7 30 p m weekdays or before 11 30 a m Saturdays and After those times please leave a recorded Sundays message Carrier delivery rates: Daily & Sunday $7 25month or $87year Mail delivery rates: Daily & Sunday $8 50 'month or $1 02year i Sunday only $5 Q0month or $60year 5 399-961- 1 Classified ads Call weekdays 8am or Saturday 8 a m to Sat-urd- av Th Accu-Wji- foreat lor to 6 p m 30 a m 1 1 394-167- 1 Display ads National forecast Ail Frfdy September 23 Monday through Friday 8am to 5 p m After 5 p m or Saturdays 9am to noon Dispatcn department Assistant Managing EditorBnan Mertz Anmversanes birthdays weddings Business sectionRoger Plothow Calendar items Mary Lou Phtppen Church NewsJohn ueViibiss Davis County Bureau Layton office Editorial pages & lettersFlora Ogan Horizons Weekend Peggy Barney Local news sectionMa'k Shenetelt 32 38 ) Regional temps National Temperature H gh Wednesday nison Co - 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On what basis did the speaker believe he had the privilege to speak to reporters about this classified informa- Nozzle Western states the 60s to lower 70s warming to 'he mid 70s to lower 80s by Monday Lows in the upper 3os to mid 4Cs y said open session” Cohen said “There is the clear implication that the speaker’s statement could Wright “CIA people do not testify in the 40s Carbon monoxide levels: Bountiful (residentia l Ogden (residential) Ogden (downtown) Sait Lake City (downtown) Provo (downtown) second-fastest-growi- Cohen said while the legislation may still be passed by the House next week Wright's disclosure makes it less likely proponents will be able to muster the votes to override an almost certain presidential veto “The fact he has made (the disclosure) is serious” said Rep the senior Henry Hyde Intellithe on House Republican gence Committee tures a little above seasonal normals Highs in the 70s and low 80s north and 75 to 85 south Lows from the mid 33s through in fastest-growin- g only have been derived from classified information in the posses- Wright $6 million county” London said Another reason for the county's growth may be the recreation opportunities and beauty it offers he said The newest population projections match recent growth patterns in Utah cities According to US Census Bureau data compiled in 1986 five Davis County cities are among in the state the 10 — Farmington Clinton Layton Centerville and Woods Cross Farmington Utah’s city added almost 3000 residents to its 1980 population of 4691 Layton grew 33 percent to claim more population than towns traditionally considered among Utah’s largest — Bountiful and Logan Farmington City Planner Bob Scott said the west part of town is going to be the next big growth area for the city “We’re trying to plan for that by doing a major water master plan study sewer master plan and land use master plan” he right here in the He said a unique challenge facing Morgan is that while its population is growing its residents night upper 30s and 40s Eastern Utah Variable clouds with scattered showers and a few thundershowers decreasing tonight Partly cloudy with a few lingering showers Friday A little warmer Friday Highs Friday in the upper 60s to upper 70s Lows tonight in the 40s to lower 50s Highs million people in” $9 million Utah: Mostly fair with tempera- w When the high command hesitated soldiers took matters in their own hands ousting their commanders all over the Carribean country of about 5 projections show Morgan has about 5200 residents now said County Commission Chairman Jeff London “Where we’re going to experience most growth is in the northern end of the county in the Mountain Green area where the Trappers Loop Highway is going $31 million Extended forecast T T When they began their mutiny the enlisted men led by Heubreux and other members of the Presidential Guard presented the army high command with a list of demands that included calls for Haiti’s first free elections in 31 years and for major changes in the military From 1A county will have no unincorporated areas left he said Morgan County is expected to sustain a steady 24 percent annual population increase reaching close to 10000 people by 2010 depositors won't get That means that the “old” institution which was called simply MountainWest Savings and Loan Association has absolutely no assets Even if the Teamsters — or other creditors with unsecured debt — win a lawsuit against the old institution there will be no assets from which to collect the judgment McJoynt pointed out that in other businesses a bankruptcy filing has a similar effect leaving creditors holding the bag for debts of a bankrupt institution “What this is doing is effectively give the protection of bankruptcy to a savings and loan” McJoynt said Federal regulators took the action because of MountainWest’s insolvent position The savings and loan took big losses in the early 1980s — along with much of the rest of the nation’s savings and loan industry — then recorded profits for 1983 1984 and Temperatures indicate previous day's Irgn and overn ght low to 8 a m EST - 1 Amount Legislature however and the compromise plan calls for lawmakers to put up $15 million as a loan against the assets The loan will probably come from the state’s $23 million “rainy day fund” and will be paid off as the assets are gradually sold Terms of the agreement call for 50 percent of the money raised from the sale of the assets go directly to payments on the loan while the other 50 percent is returned immediately to thrift depositors As for attorneys fees the legislators were reminded repeatedly that only a 3rd District judge can set the fees to be paid to the depositors’ lawyers Nevertheless they insist on including a paragraph in their settlement offer noting the Legislature’s opinion that attorneys fees be capped at $15 million Fair to partly cloudy tonight and Friday A litwarmer tle Friday Highs Friday Lows toIn the low to mid-70- s Utah- Port-au-Prin- Bond issue for remaining thrift Today’s weather outlook Western Inves- tigations Wednesday and dumped them — some in handcuffs — at army headAbout 200 quarters in each jeecheered and people gathered pload of soldiers with their captives The fate of the ousted military commanders dropped off there was unknown At least 1 commanders have been ousted since Monday They include former Defense Minister Brig Gen Wil Bangerfer's original plan: That didn’t sit well with the National temps ofNamphy's Bureau of Criminal liams Regala despised in Haiti for his ties to the Duvalier dictatorship Grow didn’t want to bond to come up with money for an immediate payout of remaining thrift assets Both points are addressed in the final compromise About $32 million to $33 million in assets — buildings foreclosed property repossessed items — remain in the names of the five failed thrifts They are slowly being sold off to pay depositors Bangerter proposed lawmakers issue a bond for up to $33 million to pay depositors that amount up front instead of making them wait for the sale of all the assets Regional forecast ing was held Rebellious soldiers rounded up agents in Haiti 9 a m to 5 p m |
