Greeley Daily Tribune from Greeley, Colorado on February 25, 1976 · Page 5
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Greeley Daily Tribune from Greeley, Colorado · Page 5

Greeley, Colorado
Issue Date:
Wednesday, February 25, 1976
Page 5
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Wed., Feb. 25,197 GREELEY (Colo.) TRIBUNE 5 President nominates Scranton ambassador to United Nations WASHINGTON (UPI) President Ford today announced the appointment of former Pennsylvania Gov. William W. Scranton to be U.S. ambassador to the United Nations. Ford, who personally made the announcement, said Scranton has a "big job to do" in defending the United States "against unfair attacks" in the world organization. Scranton, 58, will succeed outgoing U.N. Ambassador Daniel P. Moynihan who was expected to attend the ceremonial announcement in 1 the Oval Office but had to bow out in order to chair a U.N. Security Council meeting today. Ford stood twite Scnnton and told reporten, "Let m* lay how pleued I am Uutt my longtime friend Bill Scranton It going to be the next tmbawa- dor to the United NiUon." "He is a personal friend and a friend in many, many other ways," he added. He said Secretary of State Henry A. Kissinger had been trying to get Scrinton to take * diplomatic job for the past seven years. "He's got a big Job to do and great responsibility," said Ford. He said Scranton would be carrying out a policy started by Kissinger In a speech at the United Nations last fall "of for the United SUtei against unfair attacks" by the Third World auHrles. "You htve a big job to do In carrying out my decisions and the secretary's policies," Ford said, adding he was "very, very confident" that Scranton would perform well. Scranton'i appointment had 1 been expected to be announced last week but was held up by Kissinger who wanted to be present. The secretary returned Tuesday night from a six-day trip to Latin America. Kissinger also expressed con- I fldence to Scranton's abilities and his "very great pleasure" in the appointment. and confidence in him as victory Tuesday in the New Moynihan in New York last han for the Job he had done at Scranton said he had been a President of the United States Hampshire primary. night and was "proud to be his the U.N. "good friend" of Ford's for a as do a lot of people as recently "It will be a very difficult successor." The President also predicted long time. indicated," said Scranton, ap- Job," Scranton said, but added All three -- Ford, Kissinger Scranton would win quick "I have tremendous respect parently referring to Ford's he had a long talk with and Scranton -- praised Moyni- confirmation hy the Senate. Speculators use bicentennial theme in chain letter scheme By ANDREW N1BLEY WASHINGTON (UPI) Fast-buck speculators are using the. Bicentennial theme to promote chain-letter sales of U.S. savings bonds, according to postal authorities and the Treasury Department. H.J. Hintgen, commissioner of Treasury's Bureau of the Public Debt, said Tuesday evidence has been uncovered by postal authorities that indicate get-rich-quick promoters are soliciting Individuals to buy savings bonds through the mail, a practice that violates antifraud laws. The promoters are falsely claiming Treasury endorsement of the project as well as "cloaking their appeals in Bicentennial and other patriotic labels," Hintgen said. Apparently the scheme -under way in Massachusetts, Florida, Virginia, Maryland and parts of the Midwest works pretty much the way all chain letters work. Bill would expand funds for mined-land restoration DENVER (AP)-The state's budget for mined-land reclamation would be increased by more than 150 per cent in 197677 under a proposal approved Tuesday by the legislature's Joint Budget Committee. Under the current budget, $60,000 is allowed for reclamation. The JBC proposal calls for an estimated $152,000 for reclamation. The General Assembly now must approve the proposal. If the budget is accepted, the reclamation staff would be increased from three persons to about 11. The staff has the Job of reviewing applications for mining permits and of inspecting mine sites to see If the promised reclamation actually is accomplished. A bill to expand the state's reclamation program currently Is pending in the House Appropriations Committee. Marriage licenses Feb.21 Victor Lee White, Nunn, and Aurora Rodriquez, Nunn. Ramon Martinet, Rt. 9, Greeley, and Mary Louise Anzaldua, Mllliken. STATE TAXES NEW YORK (UPI) -Taxes at the state level rose last year after two consecutive years of decline, the Tax Foundation says. It says state legislatures during 1975 boosted taxes by »l billion and received legislation which would add another II billion to the tax load. An individual receives a letter in the mail asking him to purchase a savings bond for the person on the top of a list. After purchasing and mailing a · bond to that person, he then crosses the Individual's name off the list and puts his name on the bottom. Then he malls copies of the revised chain letter to three or four friends who are instructed to follow the same procedure. The rationale behind it all is that eventually an individual's name will appear on the top of the list and presumably he will receive several hundred dollars in savings bonds from the growing number of participants. But the catch, according Treasury and postal officials, Is that the initiators of the scheme generally profit the most since their names are the first on the list and they receive their bonds relatively quickly. As interest wanes, the chain Is broken and many Individuals who get in late km their money. "Rather than encouraging persons to make genuine Investments, they create the Illusion that participants are both aiding their government and themselves," Hintgen ssld. "Even in the rare case where an Individual nctives some return, It is likely that he would quickly redeem the bonds, thereby placing further burden on the Treasury." Statement of Condition AS OF DECEMBER 31,1975 ASSETS Cash and Securities Stock in Federal Home Loan Bank Loans on Real Estate (secured by first deeds of trust and repaid by monthly payments) Loans on Savings Accounts (a customer convenience) Loans lo Facilitate Sales Real Estate Acquired through Foreclosure Association Premises (net of depreciation) Furmlure and Equipment (net of depreciation) . . Other Assets TOTALASSETS ' . . . LIABILITIES Savings Accounts (each account insured for safety up to $40.000 by an instrumentality of the U.S. Government). Federal Homo Loan Bank Advances Undisbursed Loan Funds Taxes on Income Other Liabilities TOTAL LIABILITIES N ET WORTH (additional funds set aside for me protection of our customers) TOTAL LIABILITIES AND NETWORTH . This condensed slalamenl is unaudited. 137.262.054 1,740,300 140.S31.336 14.632 -01,166,393 1.183,500 285.527 2.899.673 1185.483,415 (151.792.588 18,791.150 79,113 1,156,032 4.187.057 1176,006.940 9.477.475 1185.483.415 Premiums? We Give Them. Many Donl. Many Colorado associations have stopped offering premiums. And it seems that those who haven't are continually in and out of their programs. But World is different! We've been consistently in premiums and our gifts lust get better and better. World has the largest on- premises gift selection in the state. And, all are trustworthy, top quality, brand name premiums-- unconditionally guaranteed-- including many exclusive items! Nobody Pays Higher Interest Check the competition. Nobody pays a higher rate on insured savings than World. Ask about our wide range of savings plans from a 5.25% passbook account with an annual yield of 5.39% to 7.7556 on a $1,000 certificate held a minimum term of six years with an annual yield of 8.06% (when principal and interest are left in the account arid compounded continuously). These high rates are guaranteed, so you don't have to worry about recessions or market fluctuations. , Wore.- Federal regulations require a substantitl interest penalty lor early withdrawal tram certificates. WORLD SAV1NGSO MBUMNAMOCKnOK ^* CONVENIENT WORLD SAVINGS AND LOAN ASSOCIATION OFFICES IN' Aurora. Boulder. Broomfield. Buena Vista, Colorado Springs, Denver, Engle- «xx). Fort Collins. Golden (Opening Soon). Greeley. luttrnmei. Littleton, \ Longmont and Westminster. / X- -1 uallty Dluount Food fftff . We're Working Harder Than Ever To Save You Money!! rroli BAR-S CHUCKWAGON BONELESS HAMS Halvof only $ 1 58 rb. · BAR-S ALL MEAT WIENERS 63' 12 01. AA LARGE EGGS Limit 2 doz.. do*. I FRESH POTATO CHI PS TEXSUN ORANGE JUICE ROYAL CROWN COLA 9 oz. bag .6oz. can' ... Limit 2 1* oz. bott., 8 pak BANQUET POT PIES for .9oz. HEAD LETTUCE \f Heads · Mon. thru Sat. 9:30 a.m. to 9:30 p.m. Sunday 10 a.m. to 4 p.m. 2823 W. 10th St., Greeley (Prices effective Feb. 7.5 thru Feb. 28)

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