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14 The Texas Observer REGISTER] ….. BUMPERSTRIPS: 4 for 50c, 15 for $1, 100 for $3, 500 for $14, 1,000 for $25. Send check and Zip Code; we pay postage and tax. IFFUTURA PRESS 1.c Phone 512/442-7836 1714 SOUTH CONGRESS P.O. BOX 3485 AUSTIN. TFXAS supply overseas and who have taken 30 percent of their production facilities for jobs over there. “In order to counteract this, there are a few simple things that could be done: “1.Give credit tax-wise to corporations to locate away from the metropolitan centers. “2.Give the small banks a government-owned central bank that can discount production-for-use loans. “It is plain to see that no one has any intention of doing any of these things in fact, the Comptroller, the head of the F.D.I.C., and the Fortune Magazine of December of last year all indicated that they intend to destroy, by consolidation, a large percentage of the present 14,000 commercial banks. So this means that in Texas where half of the economic activity is now in two counties . this trend of migration cannot be stopped.” The letter is signed, “Charles A. Spears, Chairman of the Board.” R.D. Knowledge Hucksters III CLASSIFIED BOOKPLATES. Free catalog. Many beautiful designs. Special designing too. Address: BOOKPLATES, P. 0. Box 28-I, Yellow Springs, Ohio 45387. MARJORIE ANNE DELAFIELD TYPING SERVICE: Complete Typing Service and Editing: Binding, Mailing, Public Notary. Twenty years experience. Call 442-7008 or 442-0170, Austin; WE SELL THE BEST SOUND. Yamaha pianos, guitars; Moeck-Kung-Aulus recorders; harmonicas, kalimbas and other exotic instruments. Amster Music, 1624 Lavaca, Austin, 478-7331. CENTRAL TEXAS ACLU luncheon meeting. The Rennaissance, 801 Rio Grande. 2nd Monday of each month. From noon. All welcome. NOW is the time for war tax resistance. The most powerful acts against war have been those of the young men of the Resistance who have said NO to the draft. Now it is time for those of us who have been paying for the war in Indochina to say NO to taxes for war. Join us! War Tax Resistance, 339 Lafayette St., N.Y., N.Y. 10012. Write and ask for information. “IN ’72 NADER-EHRLICH …” bumperstickers: 3/$1, 8/$2. Survival-stickers, Box 28122, Dallas, Texas 75228. McCARTHY DAISIES available. Write: McCarthy for President, 107 McColl Building, St. Paul, Minnesota ‘55101. Donations appreciated. Austin A staggering $35 million in federally funded tuition loans is presently going to students at Texas proprietary vocational schools. The U.S. Office of Education estimates that 60 to 80 percent of the students drop out of these schools after signing for loans. In effect, the loan program turns out to be federal aid for profit-making schools, rather than for needy students. As the Observer pointed out in articles majority of students drop out of trade schools because they aren’t getting an adequate education for their investment. In the Nov. 19 issue we quoted Marvin Nichio’s testimony describing how, as a salesman for LTV Education Systems, Inc., the largest chain of vocational schools in the state, he was instructed. to sell the loan program rather than the courses. He said he was told to discourage students from paying for courses on a month to month basis “because people say yes for the first month. Then after the first month they might not show up and we won’t get any more money.” For 60 to 80 percent of Texas’ trade school students the story goes something like this: the student borrows money from Uncle Sam at a low interest rate; he pays for his courses in advance and when he realizes he’s not learning anything, he drops out, leaving a big chunk of money with LTV or Durhams or Elkins Institute; nine months later, he is expected to start payments on the loan. The default rate is 15 percent. IReflections When Nichio’s testimony was presented to the Proprietary School Advisory Commission, representatives of LTV reacted as if the salesman had blasphemed the Flag of Texas. Fred C. Lochmann, an LTV attorney, promised to respond to Nichio’s criticism in writing and he agreed to send a copy of the response to the Observer. He’s since changed his mind or had his mind changed for him. “Although still desiring to make a copy of our response available to you since our investigation into the matter was gratifying, we have been advised to limit distribution solely to those persons serving on the Commission, interested Texas Education Agency officials and the. State Board of Education,” Lochmann wrote the Observer. I would venture a guess that LTV did not come close to answering Nichio’s allegations of misleading sales practices deplorable school conditions and poorly taught courses, because LTV’s schools, which, sadly, are among the better schools, are indefensibly shoddy. The trade school game, as presently constituted, is a shuck. Many of the schools continue to exist solely because of massive federal subsidies via the student loan program. The U.S. Office of Education should either stop funneling $35 million a year to Texas schools or start making sure that students are getting something for the taxpayers’ money. The survey We’re having a great time reading the answers to our questionnaire from the Nov. 19 issue. The responses should be more or less compiled by January. Please return your copy soon if you haven’t already. If there’s anyone out there who didn’t get a questionnaire and wants one, drop us a note and we’ll speedy one off to you. K.N. People’s Accounting Service Accurate bookkeeping and tax services at reasonable rates. We won’t rip you off! 3201 Guadalupe, Austin 78705 Hours: 9 a.m. to 1 p.m. and by appointment