University of South Carolina Libraries
VOL. LXIII-No. 52 University of South Carolina, Columbia, S. C. 29208 Monday, April 30, 1973 Book Excl Set for Su BY ERNIE KAS' Gamecock Staff Wril The student senate has agreed to exchange to open this summer. Last week at the. senate meetin supply the operators of the excha first year of operation. According to a memorandum pre tives of the book exchange, the Ion ject is to give the students an altern where other than the established bo a continuing service that the stude The book exchange will be run o memorandum states, and will be books on a consignment basis. By consignment it is meant that 1 possession of the student's book, bi own the book. The student woul his book when the exchange takes The memorandum states that the prices of the books. This would a keeping system and would enablt the books a reasonable price. "It is necessary to point out," t "that the money the book exchang sustain the exchange on a continu the book exchange could have a to cover costs." The projected book trunover memorandum states, is "3,000 bo the market." With success this p the support of the students. At the senate meeting last Wednesday, Charles Young, a USC student was appointed manager of the book exchange. He, along with Sen. Tom Wall, the bill's author, did most of the research for this project. T There has been two pre- spr vious efforts to start a book api exchange on campus but wil neither of them was success- sitY ful. Young said the reason i for this was that there was lasi not enough work put into the boa planning. mil The new book exchange an has been throroughly dol thought out, Young told the OvE senate, and "I think it will A be a success." of t Contained in the bill is a sell section dealing with insur- T ing the exchange. It states, of "An insurance policy will be but taken out on the books by the fro manager to cover the follow- of ing: fire, lightning, smoke tw< damage, burglary, grand L theft, windstorm, riot, mali- YC' cious mischief, vandalism for and transportation. The coj insurance will be included in S the budget." unli It is planned that the book 192 exchange will be only open at the beginning and end of Re each term. The exchange onle will be located in the Russell House, the exact location to bet be announced later. anc iange immer ['NER oer sponsor a student book g the senate agreed to nge with $6,000 for the pared to give the objec g-term goal for the pro ative to buy books some ok stores by giving them nts have not had before. n a non-profit basis, the iandling only used text :he exchange would take it the student would still d receive a receipt for it. exchange would set the [low for a better record % the student who buys de memorandum states, ,e earns will be used to ing basis. If successful, large enough cash flow for the first year, the Aks or 2.77 per cent of ercentage will rise with R iring May Session 3oard To C he USC Board of Trustees will hc ing assemblage in May and is expec irove the choice of a private audit firi be conducting an audit of the entire u , system. a an interview with the Columbia I : week, T. Eston Marchant, chairman rd, said that the six-member executiv tee had recommended the audit an outside accounting of USC's multi-T lar financial operations was "probab] rdue." ccording to Marchant the last private he university was done while Donal( was president which was from 1952 he state auditor annually makes an ill state financially supported institt according to the Record, when a re ii that newspaper requested the lates a USC audit, it was some weeks be -year-old audit was produced. ater a copy of the USC audit covering r 1970-71 was given to the reporter in m. The Record said they received a my of this 22-month-old audit last wee tate auditors are still working on last versity audit for the period ending Ji 2. tate Auditor Pat C. Smith said wh, ord reporter asked for the audit t had made such a request "in ten 3 outh Carolina's auditing procedure: n called "archaic," according to the R~ I that newsaper says there have bec r]h. .USC Ask Closing: BY PATF Gamecoci Public hearings on the ch ter to Pickens Street will Wednesday morning. The hearings have grov USC Student Government t the street and converting i In a letter to the Columb AROLD BRUNTON Harold Brunton, vice pres "Some people believe tha exists, Green Street is viri Based on a study conduct ment that showed that 76 is university oriented or no mal request to the council, in question "for a period solve traffic problems wh: McKinney said during a recently, Brunton said the Street should be closed a Pickens Street is complete administration's reasoning the Pickens construction opinion will arise due to th However McKinney said sity will go along with tib that the street be closed d McIKinney said the stude ITA MCKINNEY Street be closed in Octobe: months. She said in the i students here. Also, Pici May 10 and if Green and same time, problems will a )K Audit Firm ild its gestions that the state adopt auditing standar( ted to recommended for state governments by ti niver- U.S. General Accounting Office. Those recommendations include the use c 1ecord narrative reports, which point out shortcoi of the ings in operations noted by auditors and mal e com- recommendations for more effective use c d that funds. These narrative reports, now require nillion on all auditing of federal expenditures, ar .y long written in non-technical terms and are said 1 be useful to laymen who might not compreheri audit longs columns of figures which comprise star I Rus- dard audits. -57. Marchant noted last week that annual privat audit audits are made of various facets of the univej itions, sity's operations, including the USC Athleti porter Department and the Campus Shop book stori t copy The university has a staff of internal auditoi Fore a who assist with the massive accounting systen Also expected to come up at the trustee mee fiscal ing is the report of a special sub-committe pencil chosen at the January trustee meeting to loo typed into and recommend guidelines for the univei k. sity concerning the "political activity" of US year's staff members. ine 30, In a question session after the January mee ing, Marchant said that the sub-committe en the would not specifically be studying the politici hat no activities of Warren Giese, who heads the US< ears." Physical Education Department and also hold ae a seat on the Richland County Council. ecord, See BOARD, Page 2 n sug ing Oct. McKinney LICK TYLER News Editor )sing of Green Street from Sum be held at Columbia City Hall rn out of a year long effort by o study the possibility of closing t into a pedestrian mall. ia City Council in late February, ident for business affairs, said t with the bottleneck that now ually closed to traffic already." ed last spring by Student govern per cent of Green Street traffic in-essential, Brunton made a for "to close" the area of the street of one month to determine and ch might result." talk between her and Brunton university position is that Green fter the widening operation on d next year. McKinney said the is that if Green is closed while is going on, adverse community ie blockage of both streets. that Brunton told her the univer .e student plan which is to ask uring the month of October. nt government asked that Green r rather than during the summer ;ummer, there are not as many ,ens Street construction begins Pickens Street are closed at the rise. McKinney said she is afraid that people will blame the inconvenience on the closing of Green Street and she did not want the project "doomed from the start." During a luncheon last Is week in which all five city ie council members were invited and only one, Wil of liam C. Ouzts, showed up, I- McKinney said she discus :e sed the upcoming hearings >f and the council position on d the issue. She said Ouzts e knew the student arguments o and agreed with them, but d would not make any - committment. McKinney said opposition e was expected from Five - Points area merchants who e oppose the cross-town - artery being closed because s incoming traffic might be '. affected. -Leigh Leventis, vice presi e dent of the student body, k said closing Green Street in October gave student gov Cemnent time to "publicize" the closing. Information Services e Director Zane Knauss said yesterday that Brunton swould attend the hearing Wednesday and make the university's presentation. The hearing is open to the public.