Old home town – 25 years ago today

All five Douglas County banks said they saw no likelihood of interest-rate increases on time deposits here after the Federal Reserve Board had authorized such a boost for rates. Local bankers said their markets were not normally overly sensitive to such changes on the two coasts.

A family disturbance call that turned into a seven-hour standoff between police and a man with a shotgun ended peacefully when the man surrendered without violence. No shots were fired. The man, age 29, was arrested on charges of aggravated assault on a law officer and making terrorist threats against officers during the ordeal.

Work of a city-hired consulting firm and a cooperative effort of community leaders produced a set of preliminary policies for redevelopment of the city’s downtown, including retail expansion. Financial and legal consequences of the city’s director toward a free-standing department store approach versus an enclosed mall also were discussed during the workshop, conducted by the Evanston, Ill, firm, Teska and Associates.

Douglas County’s unemployment rate dropped for the third month in a row during October, the latest figures showed, even though many other parts of the nation were locked in a recession and faced serious problems from high inflation.

The New Jersey firm planning to purchase Kansas Color Press here was expecting to ask the city commission to approve $3.5 million in industrial revenue bonds to buy existing equipment at the local printing plant.