Northwest Arkansas Times from Fayetteville, Arkansas on February 20, 1973 · Page 15
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 15

Fayetteville, Arkansas
Issue Date:
Tuesday, February 20, 1973
Page 15
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Northwwt Arkaiuat TIMES, Tut*,, Mi. 20, 1973 r*Y«1TIVII.H, 15 Black Mortgage Banker Hits End Of Subsidized Housing By JOHN CUNNIFF Business Analyst · NEW YORK (AP) One ot the bitterest commentaries on . the ' administration's morator- . lum on subsidized housing was , delivered earlier this month by · Dempsey Travis, a black mort- ., gage banker, but it went almost · unnoticed. The inattention can be altrib- uted in part to the small attendance at the midwinter meeting of the United Mortgage Bankers of America, a black group of which Travis is president.. He claims they couldn't afford to come. "Sixty to seventy per cent of _all black architects came into being because of HUD programs, and they'll be going out of business for the same reason," Travis said. Many have . already closed down, he said. The federal government says the programs, called Section , 235 and Section 236, were in effective in solving the problem 1 of housing the poor. But Travis claims the move "has a racist '. impact and a classist impacl that is unmistakable." SET BACK It will set back racial equal Hy in housing by 25 years, he . said. "At the same time, the : whites will go galloping along . with their 2.4 million annua new housing starts." Never has such a total been attained. As this scenario unfolds, he said, "the establishment is ac celerating the housing abandon ment crisis in the urban area: ' through excessive high taxes poor schools, ineffective polici protection all combining t produce a high crime rale." The result, said Travis, wil be demonstrated in more way than the collapse of black ar chitectural and building firms It could, he suggested, erup into more violent friction be tween white and black. This is how he interprets tli motivations and goals of th moratorium: "The federal and the city fa thers have finally concurred i the fact that a city with a 3 per cent to 50 per cent bla4 population is politically dan gerous. "The best way certain to sto this trend is to withdraw all th monies in the form of subsidie and olher ancillary service with the result being abandon '. - ment." The effect, he said, will · forfeiture of property to th , · city for taxes, "to be sul · sequently sold to an estab lishment developer." This d - veloper then will build high-in · come apartments, "which is . 1973 way of saying 'For white · only,'" As viewed by Travis, th market for old housing was be ginning to slip as new develo ments were erected. Now, 1 said, all housing becomes rnbi aluable, but poor housing es- :cially. LAST PROFIT "Traditionally, the black and e poor have provided the last ·ofit in housing before it was rn down. Traditionally, that rofit from the poor was great- r than the original profit from .e affluent Why then did the National ssdciation of Real Estate oards support the moratorium s necessary, and declare that ubsidies "have had the effect '. nurturing a permanent class : middle-income Americans ho look to the taxpayer for as:stance?" Theirs is osition to 'an establishment support absentee wnership in old ghetto apart- nent buildings," Travis said, he relators who were and still re the architects of white ousing covenants see big'prof- s in fostering a dual market ased on skin pigment and lass." Travis' belief that a plot exits probably represents a large ortion of black sentiriient. but t may be received by less im- assioned minds as biased, and ven destructively so. Never leless, it demonstrates an mazing communications gap relween Washington leadership .nd its constituency. Asked why he spoke in such litter terms, Travis replied: "I ntended it that way. It's time of someone to tell the truth." Treasury Asks For Higher Gold Prices WASHINGTON (AP) -- The Treasury Department Monday, asked Congress to officially devalue the dollar by raising the price of gold. The devaluation already has taken place since other countries are exchanging U.S. currency at a new par value. How- ;ver, it take an act of Congress for the U.S. to officially devalue the dollar. Under the legislation proposed by the Treasury, the dollar would be devalued by rais- House Gets To Exempt Food From Sales Tax LITTLE ROCK (AP) -- A bill was introduced in the Arkansas House Monday to exempt food and medicine from the 3 per cent sales tax, and to increase income taxes at the upper levels on individuals and corporations and raise the tax on pa- rimutuel betting at Oaklawn Park in Hot Springs. The measure was introduced! jy Rep. Robert Johnston of Little Rock, who said the tax increases were designed to recover about $30 million he said would be lost by exempting food and medicine from the sales tax. The bill would increase the individual income tax from 6 to 8 per cent on taxable income in the $15,000 to $25,000 category and from 7 per cent to 9 per cent on net income above $25,000. The corporate income tax would be increased from 5 per cent to 7 per cent on taxable income above $20,000 and to 8 per cent on all net income in excess of $25,000. Johnston proposed an effective tax increase of 2 per cent on parimutuel wagering. KEADEB RAILROAD Another bill was introduced in the House to direct state parks officials to buy the Reader Railroad in Nevada County as a tourist attraction. The short-line railroad uses the vanishing breed steam locomotive. The legislation would authorize the state Department of Parks and Tourism to issue GET MORE FOR YOUR MONEY COMPARE! WHAT A BUY! Big 14.7 Cubic Ft. ing the price of gold from per ounce to $42.22. $38 Viking VP Dies BLOOMINGTON, Minn. (AP) -- E. W. "Bill" Boyer, 67, vice president of the Minnesota Vikings professional football team, died Monday white vacationing in California. He was president of the National Football League club fr,Qm.its:birth in 1960 until 1965 and remained president. as a vice $250,000 in revenue bonds payable over a 20-year period to finance the purchase. The money would be used to buy the railroad company, lands and facilities, including the 12Va miles of track, engines and cars, depot, shops and equipment. The bill was introduced by Reps. Charles Honey of Pres cott. Gayle Windsor of Little Rock. Julian Streett of Oamden and Grady Arrington of Stephens. A bill was introduced in t h e House to provide average annual teacher salary increases of $547 in the next fiscal year and $500 in the following year and $1.5 million to aid fast- growing school districts. These are amounts recommended by Gov. Dale Bumpers in his speech to a joint session of the legislature Monday. A billwas introduced in the Senate to establish a Red River Commission for the study and planning of needed improvements on the stream in Little , ,'.· '~* ,,*".,; *, , . . , r k'«.'i. j j k ' WOMAN'S WORLD A Convenient Sewing .and Shopping Guide for Today's Ga! on th« Go. 924 River, Hempstead, Lafayette counties. Miller and Blast 1 Cause Found NEW YORK (AP) -- Fire Chief John T. O'Hagan says the explosion that killed 40 men in a Staten Island gas storage tank Feb. 10 was caused by gas trapped in polyurethane insulation and a spark of undetermined origin. O'Hagan said Sunday he doubted whether that variety of insulation, would ever be per milted again in similar tanks in the city. A less flammable type originally approved was not used because it was then un available, he said in a television interview. Fashion says -- potholder .'vests! Here is a snappy set. · In a jiffy, crochet the 4 lacy 'motifs for mother, 1 lacy moti ·for daughter, plus border and 'straps. Use sport yarn. Pattern 924: misses' S, M, L; child 4, 6 8, 10 years incl. · ' Seventy-five cents for each pattern--add 25 cents for each pattern for Air Mail and Special ' 'Handling. ' Send to Laura 'Wheeler, Northwest Arkansas TIMES, 450, Needlecraft Dept., Box 161, Old Chelsea Station, New York, N.Y. 10011. P r i n t 'Pattern Number. Name, Address, Zip. A l l New for 1973! Fashion-inspired Needlecraft Catalog--more knit, crochet styles, crafts. FREE directions . 75 cents. NEW! Instant Money Book -make extra dollars at home from your crafts $1. Instant Crochet Book $1. Hairpin Crochet Book $1. Instant Macrame Book $1. Instant Gift Book .....$1. Complete Afghan Book $1. 16 Jiffy Rugs Book ... .50 cents. 12 Prize Afghans Book 50 cents. Quilt Book 1--16 patterns ....50 cents. Museum Quilt Book 2 .50 cents. 15 Qullw for Today Book 50 'cents. Dies In Fort Wayne FORT WAYNE Ind. (AP) -Park p. Williams. 68, former managing editor and city editor of the Fort Wayne Journal-Gazette, died Monday. ONE MAIN PART! S e w this easy, sleek, zip-front skim in a morning to wear that very afternoon! Choose all checks OR solid color plus contrast. Printed Pattern 4971: NEW Women's Sizes 34, 36, 38, 40, 42, 44, 46. Size 36 (bust 40) takes 2 yards of 60-inch fabric. SEVENTY-FIVE CENTS for each pattern -- add 25 cents for each pattern for Air Mail, and Special Handling. Send to: ANNE ADAMS, care of Northwest Arkansas TIMES, 438, Pattern Dept., 243 West 17th St., New York N. Y. 10011. Print NAME, ADDRESS with ZIP, SIZE and STYLE NUMBER. QUICK, EASY-SEW WAY to a spring-summer wardrobe! Send for new Spring-Summer Pattern Catalog. Choose one pattern FREE, All sizes! 75 cents. INSTANT SEWING BOOK -cut, fit, sew modern way. $. INSTANT Fashion Book. $1. ADVERTISE RERZ! ThouMmrf* of homemakera rcmd (W« feature dally . . . and thay- will · ice your meaaage, IS A FRIENDLY CALL ENOUGH? The naw neighbors will ba glad to ma«tyou. And they'll want to v!«it with you... later. Right now, they need something more--a list of schools and churches, utility companies' telephone numbers,.. all the Information one needs on arriving in a strange city. So be a friend Indeed, A Welcome Wagon hostess will call at your request to provide all this and gift* as well. Make your welcome winner when new neighbors arrive. Call Welcome Wagon at WELCOME NKWCOMCM! UM thu coupon to let ua ·now you're hero. Name .................... , City .......................... . ) Pkiw have in* Walcame Wagon Hatteu eaN an m«. ( ) I would liko to WJhMribo . M Iho N.W. Ark. TIMIt ( I I alraaay tnlncriM to la* TIMKI. fill out MM caawan and mail ta TIMU, Box O, rayattevttte, COMPLETELY FROSTLESS Refrigerator FREEZER Model GGSD28ON Rolls Out On Wheels $ 289 FREE DELIVERY Color $6.00 Extra BUILT-IN BARGAIN Model FBF15ON ENJOY AUTOMATIC DISHWASHING · Built-in Soft Food Disposer · 3-Level Tharo- Washwith Power-Arm, Power-Tower, Power-Shower* spray-arm · Manu-cycle Selector- Normal, Short or Rinse and Dry · Double Detergent Dispenser · Interchangeable Front Panels The Mini Basket STORY Model WWA8350N 18-lb. Capacity Now You Can Laundry Hand Wash Items and Lingerie And Use No More Water Th-an You're Been Using Washing By Hand. $ 219 DUNA AY'S GE

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