Hope Star from Hope, Arkansas on October 29, 1974 · Page 2
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Hope Star from Hope, Arkansas · Page 2

Hope, Arkansas
Issue Date:
Tuesday, October 29, 1974
Page 2
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Page Two HOPE (ARK.) STAR Tuesday, October 29, 1974 Clear skies return to Arkansas, briefly | Mrs. Huckabee recognized By The Associated Press Arkansas will get a brief reprieve from the rain. Showers and a few thunderstorms are expected to end in the western half of the state today and the eastern half tonight and then begin again in the western half late Wednesday evening. Rainfall reports for the 24- hour period ended at 6 a.m. include 2.05 at Little Rook. 1.73 at Hope Star Tuesday, October 29, 1974 Vol. 76-No. 14 Star of Hope 1899; Press 192? Consolidated January 18, 1929 Published every week - day evening at The Star Building, 212-214 S. Walnut St., Hope, Ark. 71801. P.O. Box 648 Telephone: Area 501; Hope 7773431. Second-class postage paid at Hope Ark. By STAR PUBLISHING CO. Alex H. Washburn, President and Editor (In memoriam: Paul H Jones, Managing Editor 19291972). ^editorial — Dorothy Winchel City Editor Mrs. Annette Rogers Women's News Editor Food, Fashions, Society Roger Head Photo-Featur«s Editor Mrs, Esther Hicks, Negro Community Advertising — Mrs. Sibyl Parsons Advertising Director Virginia Hiscott Associate Mrs. Judy Foley Classified Manager ClrcuIatlon-C.M. Rogers, Jr Circulation Director Mrs. Alice Kate Baker, Bookkeeper General Bookkeeper — Mrs, Phala Roberts Mrs. Teddy Thurman Associate Mechanical Department — D.E. Allen, Mechanical Superintendent and Head Pressman Danny Lewallen, Pressman George Smith, Jr., Pressman Composing Room — Judy Gray Foreman Janice Miller, Mrs. Millie Shotts, Mrs. Dortha Faye Huckabee, Mrs. JoAnn Cooper. Member of the Audit Bureau of Circulations Member of the Associated Press. The Associated Press is entitled exclusively to the use for re publication of all the local news printed in this newspaper, as well as ail AP news ois- patches. Member of me Southern Newspaper Publishers Ass'n. and the Arkansas Press Ass'n. National advertising representatives: Arkansas Dailies, Inc., 3387 Poplar Ave., Memphis, Term. 38111; 960 Hartford Bldg., Dallas, Texas 75201; 400 N. Michigan Ave., Chicago, El. 60601; 60 E. 42nd St., New York, N.Y. 10017; 1276 Penobscot Bldg., Detroit, Mich. 48226; Classen Terrace Bldg., 1411 Classen Blvd., Oklahoma City, Okla. 73106. Single Copy lOc Subscription Rates (Payable in advance) By Carrier in Hope and neighboring town's— Per Week 45c Per Calendar Month $1.96 Per Year.Office only $23.40 By mail in Hempstead, Nevada, Lafayette, Howard, Pike and Clark Counties- One Month |1.30 Three Months $3.15 Six Months $5.75 One Year $11.00 All other Mail in Arkansas One Month $1.70 Thjee Months $3.90 Six Months $7.10 One Year $13.00 All Other Mail .Outside Arkansas gne Month $i.so fhree Months $4.75 Six Months $8.40 $16.60 Student Bargain 0% NuwMontns $7.75 Pine Bluff, 2.26 at El Dorado. 3.36 at Texarkana, .49 at Fort- Smith, .51 at Fayetteville, .70 at Harrison, .77 at Jonesboro and 1.53 at Memphis. The National Weather Service said precipitation would end as a combination low pressure trough and cold frontal system continue to move eastward. However, another low pressure trough was situated this morning over the western portions of Kansas, Oklahoma and Texas. Showers are expected to start again in the western portion of Arkansas by Wednesday evening as the trough strength- em and moves toward the state. The extended outlook Thursday through Saturday indicates scattered rain and a few thundershowers ending over eastern Arkansas Thursday. Scattered rain and a few thundershowers are expected to begin from the west on Friday and spread over the state on Friday and Saturday. Mostly cloudy skies and mild temperatures are expected today with partly cloudy skies and continued mild tempered tures tonight and Wednesday. Highs today should be in the low to mid 70s with highs Wednesday in the mid 70s. Ixws tonight in the 40's with, high in the mid to upper 50s. Overnight lows include Little Rock 62, Pine Bluff 63, El Dorado 63, Texarkana 62, Fort Smith 60, Fayetteville 57, Harrison 58, Jonesboro 63, Memphis 65, Calico Rock 64 and Gilbert 57. Experiment station report for 24 hours ending 7 a.m. Tuesday, high 69, low 60, with 2.75 inches of rain. By The Associated Press Tuesday HI LO PRC Otlk Albany 55 34 .. clr Albu'que 60 46 .. rn Amarillo 66 47 .. cdy Anchorage 42 26 .. cdy Asheville 76 41 .. cdy Atlanta 79 55 .. cdy Birmingham 80 63 .. rn Bismarck 68 35 .. cdy Boise c53 49 .39 rn Boston 55 43 .. clr Brownsville 84 73 .. cdy Buffalo 64 45 .. clr Charleston 82 52 .. cdy Charlotte 78 49 .. cdy Chicago 74 56 .24 rn Cincinnati 75 57 .. rn Cleveland 70 47 .. rn Denver 63 35 .. rn Des Moines 72 59 .05 rn Detroit 71 42 .. rn Duluth 58 50 .. rn Fairbanks 27 16 .. cdy Fort Worth 71 63 .62 cdy Green Bay c67 48 .09 rn Helena 57 35 .. cdy Honolulu 87 76 .. clr Houston 80 71 .93 cdy Ind'apolis 72 55 .02 rn Jacks'ville 81 53 .. cdy Juneau 43 40 .14 rn Kansas City 62 56 .33 rn Las Vegas 64 44 .16 cdy Little Rock 66 62 2.05 rn las Angeles 66 54 .42 rn Louisville 73 59 .. rn Marquette 67 52 .. cdy Memphis 77 65 1.53 rn Miami 82 74 .. cdy Milwaukee 72 51 .12 rn Mpls-St. P. 66 56 .17 rn New Orleans 81 69 1.81 cdy New York 60 51 .. clr Okla. City 75 60 .21 cdy Omaha 73 56 .34 rn Orlando 84 62 .. cdy Philad'phia 67 50 . cdy Phoenix 72 58 .99 rn Pittsburgh 66 43 .. cdy P'tland, Ore 53 48 1.03 rn P'tland, Me. 46 33 .. clr Rapid City 66 38 .. rn Reno 51 39 .26 rn Richmond 70 48 . cdy St. Louis 75 61 .04 rn Salt Lake 63 46 .06 rn San Diego 66 54 .69 rn San Fran 59 53 .25 rn Seattle 48 46 .32 cdy Spokane 61 39 cdy Tampa 85 64 cdy Washington 72 51 . cdy Seymour E. Harris LA JOI.LA, Calif. (AP) Economist Seymour E. Harris, 77, a Harvard" professor for 40 years and chairman of the economics department from 1955 to 1959, died Sunday. He was an economic adviser to both President John F. Kennedy and Lydon B. Johnson. Tlit.' swastika ha> been a symtiu! of iho sun. coiniiuiiiit: iv-cn.'u'>on. and infinity for thuusands ot \cars. 'Vilina Calif. i» known a» "Ct-meU'ry City" because inuit of the ei? met tries of nearb> San Francisco were relocated there to provide more living space in the cramped city. Self-study (AH Around Town to begin .By The Star Stiff. —Hope (Ark.) Star photo A SPECIAL AWARD and gift are presented to Mrs. Elsie Huckabee (right), honoring her as troop Mother of the Year for the many things she has done for Troop 91 and for scouting in Hope. The award was presented at a court of honor Monday by Mrs. Tom Berry, wife of the district scout executive. Wall Street today marks its gloomiest anniversary Hope High School faculty members will meet Wednesday at 2 p.m. to officially begin the North Central Re-Evaluation Self-Study. Jimmy Albright, area supervisor from the Arkansas State Department of Education, will speak with the faculty concerning the self- study. The self-study is made one year in advance of the actual visit of the North Central Re- Evaluation Visitation Committee. The visitation com-' mittee will visit the high school during the 1975-76 school year. A requirement of the North Central Association is that a visit be made of all member schools every seven years. All Hope schools will dismiss on Wednesday at 1:30 p.m. Faculty meetings will be held in each of the Hope schools during the afternoon. Schools will remain on a regular schedule during the remainder of the week. BOARD MEETING The Third District Livestock Show Association will hold its annual board meeting at 7 p.m. Tuesday in the Commons Room at Red River Vo-Tech. Dinner will be served. BUTLER GRADUATES Marine Pvt. Artis B. Butler of 506 W. Second St., Stamps, graduated from the basic warehousing course at the Marine Corps Base, Camp Pendleton, Calif. He received instruction in the receipt, storage, issue, maintenance, sale and preparation for shipment of Marine Corps supplies and equipment. A 1973 graduate of Stamps High School, Butler joined the Marine Corps in June 1974. FIRM RE-LOCATING Sweethome Stone Company of Prescott, presently located at 1304 West First north is planning to move into a new building now under construction on Highway 67 north at the old Drive-In site. The new Smackover firm fined NEW YORK (AP) — Wall Street today marks its gloomiest anniversary, 45 years after the stock market began its dizziest fall in history on Oct. 28-29, 1929. But even with numerous current troubles, including inflation, tight money and a slumping economy, traders can take heart that the bear market of 1974 and the great crash of 1929 are as different as night and day, many analysts agree. For one thing, speculators in the '20s had free rein, untouched by any sort of governmental regulation. Since 1933, the Federal Reserve and the Securities and Exchange Commission have acted to keep the speculator in bounds, and usually have protected traders from outright market fraud. The market also enjoys a degree of stability now compared with 1929 just from sheer size. There were about 1.5 million people in the market in 1929. Now there are about 30 million. If nothing else, panic would have further to spread in 1974. Another difference, though less comforting, is how fast and far stocks fell in 1929 as against 1973-74. The crash of '29 was sudden, almost totally unexpected and horribly severe. In only two weeks, from Oct. 28 to Nov. 13, the Dow Jones industrial average shrank by 50.6 per cent, to 198.69. On Oct. 28, 1929, traders watched the unautomated ticker struggle to keep up with a 12 million share turnover, then unheard of. The Dow fell a still unsurpassed 38.33 points. The next day, even worse in terms of the spreading panic and the volume figure — a staggering 16 million — the Dow slid another 30.57. EL DORADO, Ark. (AP) — Smackover Producing Co. of El Dorado and James Matheny, a partner, have been fined $1,200 in Municipal Court for causing water pollution. The pollution was caused through the discharge of salt water and oil from wells in Champagnolle Field in Union County. Two separate charges, one against the company and the other against the company and Matheney, were filed May 14 by the Arkansas Department of Pollution Control and Ecology. J. W. Floyd of El Dorado, oil fields district inspector, filed the charges after discovering the polluting discharges. Judge Edwin B. Alderson fined Smackover Producing $1,000 and court costs after the company pleaded guilty to violating the Arkansas Water and —Obey all traffic laws. Air Pollution Control Act. Smackover Producing and Metheney were fined $200 and costs after entering a guilty plea to the second charge of violating the act. The maximum fine for violation of the act is $5,000 per day for each day a polluting discharge continues. edifice will contain two offices, a three-bay garage and parts room. Sweethome has been in operation at Prescott since April 1973 and employs 40 persons, maintains 20 trucks and plans to add more in the near future. HOMECOMING QUEEN Miss Becky Garrett has been chosen to serve as Homecoming Queen at Hope High School on Friday night. In 1949 Becky's mother Loretta James (now Garrett) had the same honor. Another daugher, Melanie, was a homecoming maid two years ago. HORTON PROMOTED Mr. and Mrs. Frank Horton have been notified of the promotion of their son Franklin to Lieutenant Colonel. He is with the Adjutant General's office at Ft. Bragg, N.C. A graduate of Hope High School, Col. Horton joined the service as a 2nd Lt. upon graduation at Ouachita Baptist University in 1959. The Rev. Ernest Riseley SAVANNAH, Ga. (AP) .— The Rev. Ernest Risley, 69, former rector of St. John's Church who renounced his Episcopal priesthood in 1965 because of disagreement with church desegregation policy, died Monday. The St. John's congregation followed him away from the Episcopal Church but reaffiliated itself with the national organization after his retirement in 1968. STATEMENT OF CONDITION OF THE MEMBER F.D.I.C. NATIONAL BAN1 OF HOPE THE FRIENDLIEST BANK IN TOWN EACH DEPOSITOR INSURED UP TO $20,000.00 BY THE FEDERAL DEPOSIT INSURANCE CORP. MEMBER FEDERAL RESERVE SYSTEM At the Close of Business October. 15, 1974 Call No. 491 Charter No. 12533 National Bank Region No. 8 Mi first Nrtional Bank REPORT OF CONDITION, CONSOLIDATING DOMESTIC SUBSIDIARIES, OF THE FIRST NATIONAL BANK OF HOPE, ARKANSAS IN THE STATE OF ARKANSAS, AT THE CLOSE OF BUSINESS ON OCTOBER 15, 1974 PUBLISHED IN RESPONSE TO CALL MADE BY COMPTROLLER OF THE CURRENCY, UNDER TITLE 12, UNITED STATES CODE, SECTION 161.,.,. ASSETS Dollars Cts. Cash and due from banks (including None unposted debits) $2,838,104.96 U.S. Treasury securities 6,798,690.50 Obligations of States and political subdivisions 7,190,246,53 Other securities (including stock in Fed. Res. Bank corporate stock) 60,000.00 Federal funds sold and securities purchased under agreements to resell 1,500,000.00 Loans 8,964,585.30 Bank premises, furniture and fixtures, and other assets representing bank premises 259,698.18 Other assets 3,676.69 TOTALASSETS $27,615,002.16 ASSETS 1973 1974 Loans and Discounts 16,878,635.42 Banking House 183,409.74 Furniture and fixtures 71,742.09 United States Bonds 2,706,778.75 Federal Funds Sold '. 5,285]oOO.OO Obligations of Other U.S. Gov. Agencies 1,156,882.10 Other Bonds and Securities 4,'358,'316.65 Stock in Federal Reserve Bank ' .sg^soioo Cash and Exchange 3,784,256.39 Income Accrued 300 414 89 Other Assets '..,'. .28W34 Other Real Estate _! Total 34,813,564.37 LIABILITIES Capital Stock 485,000.00 Surplus 1,500,000.00 Undivided Profits and Reserves 1,458,946.16 Total Capital Accounts Deferred Income Reserve for Taxes and Other Expenses . Federal Funds Purchased Deposits Total 3,443,946.16 330,051.45. 287,047.42 -030,752,519.34 34,813,564.37 18,323,103.37 290,423.99 91,264.24 2,324,935.00 2,800,000.00 998,535.85 7,938,441.84 74,550.00 3,854,208.59 507,470.57 162,882.75 30,000.00 37,395,816.20 485,000.00 2,000,000.00 1,548,329.50 4,033,329.50 391,207.63 364,112.06 75,000.00 32,532,167.01 37,395,816.20 , LIABILITIES Demands deposits of individuals, partnerships, and corporations Time and savings deposits of individuals, partnerships, and corporations Deposits of United States Government Deposits of States and political subdivisions Deposits of commercial banks Certified and officers' checks, etc. TOTAL DEPOSITS (a) Total demand deposits (b) Total time and savings deposits Other liabilities TOTAL LIABILITIES $7,649,042.54 13,846,612.71 84,772.99 2,593,134.70 1,981.19 48,435.21 $24,223,979.34 $9,273,551.63 $14,950,427.71 327,678.52 $24,551,657.86 RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set uppursuantto IRSrulings) $143 766 09 TOTAL RESERVES ON LOANS AND SECURITIES $143,76609 CAPITAL ACCOUNTS Equity capital-total Common Stock-total par value Surplus Undivided profits TOTAL CAPITAL ACCOUNTS TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS MEMORANDA Average of total deposits for the 15 calendar days ending with call date Average of total loans for the 15 calendar days ending with call date $2,919,578.21 200,000.00 1,800,000.00 919,578.21 2,919,578.21 $27,615,002.16 $23,885,000.00 $8,979,000.00 OFFICERS ALBERT GRAVES Chairman of the Board MITCHELL LaGRONE President DALE JONES Senior Vice-President CECIL J. O'STEEN Vice-President & Cashier WILLIAM E. BUTLER, JH. Vice-President OLIN A. LEWIS Assistant Vice-President JUNE C. REYNOLDS Assistant Vice-President LEWIS JORDAN Assistant Cashier WILLIAM M. KE1NHAKDT Assistant Cashier MARIE D. JONES Assistant Cashier DIRECTORS ALBERT GRAVES ALBERT GRAVES, JR. JOHN R. GRAVES JOE HANKINS HENRY HAYNES DALE JONES MITCHELL LaGRONE FRANK McCLARTY JEWELL V. MOORE, JR. NED RAY PURTLE GEORGE W. ROBISON WILLIAM R. ROUTON I, Ray Lawrence, Vice-President, of the above-named bank do hereby declare that this report of condition is true and correct to the best of my knowledge and belief. Ray Lawrence Vice-President We, the undersigned directors attest the correctness of this report of condition and declare that it has been examined by us and to the best of our knowledge and belief is true and correct. Lloyd Spencer James H. Pilkinton J. P. Duffie DIRECTORS $20,000.00 Maximum Insurance For Each Depositor MEMBER OF FEDERAL RESERVE SYSTEM ,

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