Hope Star from Hope, Arkansas on August 22, 1974 · Page 6
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Hope Star from Hope, Arkansas · Page 6

Hope, Arkansas
Issue Date:
Thursday, August 22, 1974
Page 6
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Page Six HOPE (ARK.) STAR Thursday, August 22, 1974 New jL'iLUcs on insurance discussed FJTTI.K ROCK (AP) - Two major insurant'.' f.ompanics said Wednesday that they would have to stop selling premium-financed life insurance to college students in Arkansas a stale insurance regulation was adopted restricting the amount of interest charged on student loans. The remarks were directed to state Insurance Commissioner Ark Monroe III who has proposed new regulations on premium financed policies for college students. The thrust of the regulations is to give students more information about what they are buying. The interest rate regulation was the only point which brought discussion from every industry spokesman who testified at a five-hour hearing Wednesday. However, only a spokesman for Protective Life Insurance Co. of Alabama and George Baker of Little Rock, general agent for New England Life Insurance Co., said that they would have to pull out of the college market if the provision stayed in the proposed regulation. Lloyd B. McCain of National Old Line Insurance Co. said he was concerned about the en- largrnentof the commissioner's powers beyond legislative authority. The type of policy creating thepioljlenii.li.il Monn« >•. .mis to rid is one on which a sUnlent makes a $10 clown payment and then signs a note to pay the balance of the first year's premium later, usually in five years. By the fourth year, the policy has some cash value against which the student can borrow to pay off the note in part or in full. If the insurance company does not finance the note itself, it sells the note to a bank or credit company and the note cannot be canceled. If the student cancels the policy before the fifth year, the note becomes payable in full with interest. Monroe has proposed that the annual interest rate on the note, if it exceeds the interest rate the student would have to pay on a loan against the cash value of his policy, would be "unfairly discriminatory." The interest on banks notes is about 8 per cent to 10 per cent, while the interest on a loan against the cash value of the policy would be 5.2 per cent to 6 per cent. The companies complained that they can't afford to buy money at 12 per cent, which is the national prime rate, and loan it out at 6 per cent. Court Docket Agieiultiir forecast LITTLE ROCK (APj - Today's Arkansas agricultural weather advisory from the National Weather Service: Precipitation: Scattered showers and thunderstorms this afternoon and evening, mainly over hilly terrain in the northwest half of the state. Showers will be a little more widespread on Friday,.' but still; most jiu> merous northwest. Rainfall totals through Friday will be mostly less than half an inch. Drying Conditions: Continued good to excellent most places, especially eastern half. Little change is expected for Friday, although conditions may not be quite so good in the extreme northwest. Relative humidities going below 60 per cent by late morning and back above during midevening today. Dewpoints: Upper 60s to near 70. Dew: Moderate to heavy accumulations both this morning and again on Friday, although vegetation may remain wet from late afternoon through tonight where showers occur today. Dew drying off about 11 a.m. today and Friday. Sunshine: Generally greater than 80 per cent today and Friday, except a little less on Friday extreme northwest. Winds; Variable mostly southeast at five to 12 miles per hour today and tonight. By the year liuuu, 75 per cent of the total energy con- sum- -i< in the I'nitpd States .IIM' 'i < 'i I,! (he ./ii i i, ., pi,v,cr will siill cuiiic Hum ssiMUm- fossil fuel reserves have not pose for lilician is particularly -jpropriate for Rep. • 'opert F. Drinnan (D- Mus$.), who is also a Jesuit priest. CASES FILED IN CHANCERY AND CIVIL COURT Frederick Eugene Robinson vs. I^aura Sue Robinson Randy Roy McBay vs. Carol Joyce McBay Pauline A. Smiley vs. Kenneth E. Smiley .Shirley Jone Price vs. Jerry Glenn Coleman Mary McAdams vs. Gilbert McAdarns i l*arry Brown vs. Jan Brown Bank of Chidester vs. C.L. Robisnon, Marjorie Robinson & LA-Gwen Homes, Inc. Gilbert Lumber & Supply Co., vs. R.D. Phillips MARRIAGES Edward Parrish, Lewisville to Alice Mae Rawls, Lewisville, Ark Bobby Ray Porter, Hope to ,.,. Betty/Jean Johnson," Hope • Richard Gammage, Prescott to Deborah Spell, Prescott, Ark Jackie Ray Barker, Hope to Vicki Orr, Hope Johnnie Moore, Washington to Norma Jean Hickman, Washington, Ark Mark Edward Moore, Dubach, La. to Mary Beth Millican, Hope Jimmy C. Brown, Hope to Debbie Brown, Hope Jesse A. BRown, Hope to Mrs. Nan Taylor, Hope Ronnie Brown, Hope to Miriam Hunter, Tuckerman, Ark James E. Clark, Hope to Linda Williams, Hope Rodney Wayne Burke, Hope to Billye Jean Bolton, Prescott Carl D. Hooker, Hope tp Unda Sue Rosenbaum, Hope James F. Brown, Prescott to Unda Sue Gourley, Emmet, Ark Troy Lansdale, Prescott to Jo Ann McKinnon, Prescott Henry Lee Harris, Texarkana to Betty Louise White, Texarkana, Ark-Tex Doudley Maloy, Dallas, Texas to Marchia Norton, Dallas, Texas Municipal court annual report Judicial Department of Arkansas has just released the 1973 judicial statistics. Of interest to the citizens of Hope and Hempstead County are the following figures that concern the operation of the Municipal Court: There were 377 cases of driving while intoxicated, 1,820 moving violations (speeding, hazardous driving, wreckless driving, etc.) and 382 other traffic violations. There were 1,107 misdemeanor criminal cases and 98 civil cases for a total caseload of 3,784. There were a total of $48,332.00 fined in D.W.I, cases, $37,070.00 in moving traffic fines, $4,060.00 in other traffic fines, and $52,116.00 in misdemeanor criminal cases in fines were levied for a total of $185,377.00 levied in fines and costs. This ranks the Hope and Hempstead County Municipal Court 12 in a total field of 91 Municipal Courts in the State of Arkansas. The Municipal Court judge in Hempstead County is John L. Wilson. Clerfc is MJ^s Annie Jean Walker. Inflation, 'lib' thwart industry transfer plans CHART TO BURIED TREASURE it isn't. But it is a "map" of the inside of a piece of glass, magnified 10,000 times by an electron microscope operated by Dr. Fred M. Ernsberger, senior scientist at the Harmarville, Pa., glass research center of PPG Industries. UA head concerned over low standards FAYETTEVILLE, Ark. (AP) — Dr. Charles E, Bishop, president of the University of Arkansas said here Wednesday that he was concerned at a trend "toward reducing educational standards to the lowest common denominator." That type of education, he said, is geared to the needs of the lower achievers at the expense of the more gifted students. Bishop made the remarks at a breakfast meeting of Fayetteville public school teachers. He said the country's schools must provide adequate education for those "along the entire scope of the learning spectrum. "When we ignore the development of excellence among those capable of excellence, we threaten the entire concept of quality in education," he said. Bishop noted the increased demands placed on education by the recent technological advances. He also affirmed his commitment to equal educational opportunity for all. But he said this opportunity should be the "opportunity for each individual to realize his maximum potential with rewards based on merit." Education is needed that is oriented toward individual achievement, not toward common standards for all, Bishop said. By WILLIAM PRATER Associated Press Writer CHICAGO (AP) - Inflation and wives who are taking careers more seriously are beginning to thwart some corporate plans for employe transfers, a moving industry survey shows. Corporations aren't as generous as they once were in pay* ing for employe transfers and employes are responding with reluctance to move, according to the survey of 286 companies. It also shows an increasing tendency for employes to balk at relocation because of their spouse's careers. Transfers could slow more, said J.J. Thorne, vice president of marketing for Atlas Van Lines, who conducted the survey. Thorne said that throughout the moving industry he hears rumors of declining business. Van line rates have risen 15 per cent in the last year, boosting average per-move cost for Atlas corporate customers from $1,318 to $1,494. Cost-conscious firms have responded by slicing "moving ex- Change of Diet In the gaslight era, people of moderate means ate mostly solid, filling foods — meats, poultry, fish, potatoes, bread, and starchy vegetables like dry beans and peas. Fresh fruit was expensive, and hardly anyone ate salads. Iras" such as reimbursement for motels, house hunting and transportation. Cuts averaged 22.4 per cent, from $1,932 in 1972 to $1,500, Thorne said in an interview on Wednesday. He said 37 per cent of the companies polled had one or more employes refuse transfer in 1973. One reason is that wives are taking their careers more seriously, Thorne found. Thorne said he has conducted the survey for the past seven years but hadn't seen the need to ask about the reluctance of wives to move until a year ago. He said this year he found that 67 per cent of the companies responding had problems talking wives into moving because of their own jobs. "Let's face it, a move—any move—is going to be tough for a family ... and wives who want to hold onto their jobs just increase the problem," Thorne said. "It's more than a little scary. Our business generally follows the general economy by a year. There was a recession in 1964 and we felt it bad in 1965. Now, we're really worried over 1975." He said gross revenues for the moving industry are up 28 per cent over last year, but mostly because of industrywide rate increases. He said the actual number of shipments in 6 youngsters sell lemonade for Tracy Six Hope youngsters—Johnny Estes, Michelle Estes, Tracy Patton, Cindy Estes, Kathy Rodden, and Karen Rodden had a lemonade sale recently and collected $15 for the Tracy Leann Tullis fund. They also sold $60 worth of chances on a drawing for 100 gallons of 'gasoline and a smoked turkey. Proceeds from the drawing, which will be held August 28, will go to 22-month-old Tracy. Anyone who wants to buy a chance to help little Tracy Tullis, may contact the Red River Vo-Tech school. Now. Don't miss it. ; 'pi;;jy;•;>;|x•;• 'Kfjjjiy^^' : ?iij$3;;- : -, : ;-- i:i ' :; - ;::;::: jMHfe dlfe • . : ':'-' " : ••>: ••:v : :;-::;y:: : v:: : : : i : : ;:: :v: ; : : :"'v: : : : : : :-:::-::>::.']- -:0 '.-'.'. .'" : "''"" ^^^^^^;'S:;s^^^^?^ : :;:::;::'::;^^?::^ ^^^^ ^^^F" Ford Dealer's ; •Vv^K&iSS;^^ Featuring clearance savings on '74 models at '74 prices. Prices may never be this low again. FORD PINTO. America's basic economy car. Get back to basics with Pinto's thrifty 2000-cc, 4-cylinder engine. With standard equipment like front disc brakes and rack and pinion steering. It's America's sensible economy car. FORD MUSTANG It The right car at the right time. It's smaller than last year's Mustang. Redesigned to give you luxury, comfort, and economy in one small package. You get many standard features at a surprisingly low base sticker price. FORD LTD COUNTRY SQUIRE WAGON Six-passenger comfort with plenty of cargo space. Great standard features like gas-saving, steel-belted radial ply tires and power front disc brakes. The LTD wagon offers economy and convenience on today's roads. Cat€b your Fort Dealer's late-late Show ,,.and save. HOPE AUTO CO. WEST SECOND HOPE, ARK 777*2371 FORD r July dipped 6 per cent from July 1973. Sears L KENMORE All are priced DELIVERED with normal INSTALLATION CUT $1O $' WAS $206.95 3-cycle, 2-speed r Heavy-duty WASHER • Special permanent-press care • Self-cleaning lint filter • 3 water levels MATCHING DRYER CUT $5 WAS $151.95 • Just set time, temperature, dryer does the rest Top-mounted lint screen Settings for permanent- press, normal, delicate LAUNDRY PAIR with Deluxe Features WASHER '236" DRYER '176'L CD6267I Heavy-duty WASHER has 25p<jeds, 5 cycles that incjud,? p.re.- ,.j soak, pre-wash and special cycles for knits, permanent-press Fabric Master DRYER shuts off when clothes are dried as you want them. Cycles for normal, permanent-press, knits, air only WASHER CUT $15 $ 95 D2976I 221 WAS $236.95 DRYER CUT $5 >171 95 WAS $176.95 7-cycle WASHER features optional second rinse, pre-soak, pre- wash cycles for white and colored cottons, permanent-press, knits and delicates Matching DRYER has Fabric Master control and Wrinkle Guard®. Adjustable end-of-cycle signal WASHER CUT S2O WAS $ $271.95 Of 1 jLJi 95 Has 2 speeds, 5 cycles including pre-soak, pre-wosh and permanent-press DRYER CUT $20 WAS $196.95 176 88 Has Fabric Master and Wrinkle Guard®. Fabric selector switch - '--——- '•' V.'!.'— l_. I-1 . II .1111 i I— —ii|» I i -. lady Kenmore Heavy-duty Laundry Pair f Matching Electronic Sensor! "- * 110-CYCLE WASHER CUT $35 WAS ' I J33I.95 CD2W01 .Kile DRYER CUT $40 WAS S256.95 $ 216 88 C062901 .hit. ClOSf OUT of One-«f,q.kind Items SAVINGS I DESrpiPTir. N CUT $ 20°° WASHER CUT'35 00 WASHIR DRYIR DRYER CUT CUT*4Q« , ROEIH-CK AND co. SHOP BY PHONE - dial 777-3491 CATALOG SAlK OFFICf KopeyUtoge Shopping Center

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