The Courier News from Blytheville, Arkansas on October 5, 1955 · Page 11
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The Courier News from Blytheville, Arkansas · Page 11

Blytheville, Arkansas
Issue Date:
Wednesday, October 5, 1955
Page 11
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WlDrfWDAT, OCTOBER 6, 1958 (ARKJ COURIER NEWS PAGE ELETEH Most US Families Good Risks Despite Booming Credit Br SAM DAWSON NEW YORK (AP) — The millions who buy on time — are they still good risks? Some 1,000 finance men from all over the country are meeting today in Boston to discuss such matters. And in Washington there's headwagging over the steadily rising total of consumer debt. But leaders of the firms that-*make the loans maintain, that the vast majority of American families who buy on the cuff are still good risks—Just as they've always been. 'Roughly one half of American families make some instalment payment each month—on house, car, appliance or personal loan. Whether that's good or bad pends largely on the individual family. Generalizations, or averages, can be quoted without proving too much. Credit executives say delinquencies still hold at about one per cent of total loans outstanding. Companies represented at the Boston meeting of the National Consumer Finance Assn. deal ex clusively with cash instalment credit—lump sums paid back at regular intervals. They expect to make more than three billion do! lars in cash Joans this year.. This is a modest portion of consumer credit, which according to latest Federal Reserve figures totals 33'/ 3 billion dollars, with the instalment phase 01 it topping 26 billion. This credit and its rapid rise this year to record highs admittedly is one of the main props of the retail side of the business boom. George P. Johns, division chairman of the Associated Credit Bureaus of America, says: "Retailers are keeping their bad debt losses to less than one half of one per cent. As long as they maintain that small loss, percentage, there seems to be no reason to believe that there's any great danger in mounting consumer credit." 'At Boston today Selby has praise for the, ordinary American family's budgeting ability. He says it prides itself on meeting its obligations and "is the best judge of whether it has extended itself too far.' Concern centers largely in what might happen if the incomes of the debtors should be clipped by some general and sharp downturn in business. At the moment no such downturn is in sight, nor is any expected. And the finance companies can say without contradiction at present: the ordinary American family knows what it's doing—and is still an excellent risk. Ames Brothers, NBC Are Sued LOS ANGELES I* - The Ames Brothers and the ABC Television Network have been sued for $225,000. Two writers, Alan Lipscott and Robert Fisher, filed the suit yesterday claiming the Ames brothers' show was illegally copies from their production idea called "Four Cheers for Mom." OsllLA NEWS) Mn. Jtme* Felto 1 Boy Found, Money Missing DETROIT WP) — How 3-year-old Frank Licavoli Jr. disposed of 12,528 was a mystery to his parent* and "police. Mrs. Licavoli left a purse containing the money on top of a re- rigerator Sunday. She went to the basement. Returning a few minutes later, she discovered Prank Jr., his playmates and the purse missing. The boy was found down the street swinging the empty purse in one hand and clutching five pennies in the other. The parents and St. Clair Shores police questioned the boy and his little friends but failed to turn up a single clue. Mrs. W. O. Roach and family, who are moving to Fort Myers, Flu., were the Inspiration for several parties last week. Monday night a small group of Mrs. Roach's friends complimented her with a dinner at the Rustic Inn in Blytheville. They presented her with a gift. Continuing the parties, Mrs. A. Fendler entertained with a dinner in Mrs. Roach's honor at the Rustic Inn in Blytheville Thursday evening. This was also Mrs. Roach's birthday anniversary. She was presented with six water glasses In her crystal pattern by Mrs. Fendler and her guests. Mrs. Fendler also presented her with an orchid Fuji mum corsage. Friday night the Intermediate BTU group of First Baptist Church gave a social and party for Miss Dorothy Roach, who is moving with her family to Florida, at the home of Mr. and Mrs. Ernest Webb, sponsors of the group. Twenty guests were present. Near the close of the party the group sent Dorothy to town for some paper plates. When she returned the group was singing, "It's Been Good to Know You" and she was presented with a gift. Mrs. Faith Jobe was in charge of the entertainment for the evening. Prank Whitbeck of Little Rock was the guest of W. F .Homer, Thursday and Friday. Vance Henderson, manager of Farmers Tractor and Truck Co., and Burel Johnston attended the showing of a new model truck al Memphis Friday. Miss Wanda McWilliams, freshman at Southern Baptist College, , Walnut Ridge, visited her parents, Mr. and Mrs. Chester McWilliams, over the week end. W. H. Crowder of Little Rock visited his ancle, Norma D. Heathman, last week. Mr. Heathman had gone to Little Rock for the Razorback game over the week end and his nephew returned home with him. Mrs. John Pierce of Poplar Bluff spent the weekend here with her husband who is employed at West- Id* Oln Co. . Mr. and Mrs. Carl Robbins and hildren ipent the weekend In Hot prings visiting relatives. Mr. and Mrs. Billy Fox «nd sons, aary and Rickey, attended the Mid-South Pair In Memphis Tues- Mr. and Mrs. E. E. Hart, R«v. nd Mrs. Harold Spence, Joe Horn- erger, Louise Ashabranner, Mr. nd Mrs. Johnny Fairchlld, Mrs: Emma Poe, Miss Neldlne Poe, Mrs. 1. E. McCulley and Mrs. Annie D. Morris attended the tddress given y Dr. E. Stanley Jonas »t the Jlytheville High School auditorium, Monday night. Earlier in the day, Lev. Spence and Mr. Fairchild had lown to El Dorado for Dr. Jones. Larry Horner had as his guest | or the week end, Junior Caery of j alamas,, Calif., who is here visit- ng his parents, Mr. and Mrs. W. W. Caery. Miss Clara Grace Bowles of Osceola was the Sunday guest of John Hornberger and his parents, Mr. and Mrs. Jo« Hornberger. Mr. and Mrs. A. Weir of Detroit pent last week with Mrs. Weir's mother, Mrs. Will Wright. Wednesday they visited Mrs. Wright's brother, and family, Mr. and Mrs. M. M. Vaughn, in Bragg City. Mr. and Mrs. Henry Breckle and •hildren were week end guests of Mr. and Mrs. Nolen Shockley. Mr. and Mrs. James Felts, Mrs. Oerald Donner and son, Gerry, were in Osceola visiting Mr. and Mrs. Max L. Fairley Sunday. The Triple Triangle Class of First Baptist church met at the home of Mrs. George Davis, Thursday night. The class met especially to in- ilall officers of the class for the coming year. Mrs. Davis, assisted by Mrs. Harmon, served the members re- 'reshments at the close of the meet- ng. Mr. and Mrs. A. W. Smith and SAFE Motorist 1 Gets Push to Joil LO6 ANGELES (* — Police say Joseph E. Matthews, 45, got a push for his stalled auto—right into jail. Gas station attendant James A. Jackson. 24, said he was looking under Matthews' car hood yesterday when he heard the money till close. Jackson quietly pulled the car's ignition wires and then courteously pushed Matthews and the car from the station./*Jackson returned, discovered $91 missing and called police. Officers said they found Matthews wondering why his cur wouldn't start. He was booked on suspicion of robbery. Dr. White Takes Belated Vacation BOSTON Wl — Dr. Paul Dudley White, eminent heart specialist who said Monday he was "relieved" at the progress President Eisenhower is making, left yesterday for a belated vacation. But while resting in Vermont and preparing his fall series of lectures on the heart, Dr. White will continue to receive daily reports on the President's condition. Dr.. White was called as a con- aultant when the President was stricken with a coronary thrombosis. He it planning to return to Denver Saturday for another personal checkup on the President. Dr. White delayed hit vacation because of Sunday night' report the President felt "tired" and "not as well aa usual." Indivldiah-Groipa-Farm Burtin Blut Cross - Blue Shield Call nprnentatlTt WAYLIN CHESSER P.O. Bn M7 Blythertlle, Ark. rhone POplar 3-J1M Kirby Drug Store $725 For Your Old I ELECTRIC RAZOR OB a new Runhiffcm, Sehtek, Snnbeun, Kmuon or Norelco Paint Closeout Priet Hardwin WE'VE GOT IT! Or«r 33,000 different ittnti in stock! HUIIARD HARDWARE WITH KNIli THAT WON'T WIAR OUT* He's MI« ... you MV« wtwn you chooM SAF T NEE J«*ns! The** Tmu-Stykd dmima Jiminate mending, triple th* wetr, protect knees. And th«y're quality all th* way! tvtry possible point of strain it reinforced, the snap «nd lipper are rustproof and the teams are double-stitched for that much extra wetr. Sanfortied-wuhabl* in 9 ot. blu« denim, 8 oi. brown or grain d«nim I •The knee* of th«*e jeans »r« guaranteed to outwear the retl ot the garment, or replacement will b« mtdt without charge! Kcgulor >:»t and Slim HIM 4 to 11 **•*• Ngular ond Slim >i»t 14 and U .$3.50 Huiky (waiit) lim It" to M" (3.50 R. D. Hughes Co. BOYS DEPARTMENT "Hem* OwiW and Operated" Mason Day ••• Walter D«y WE RENT • HOSPITAL IIDS . . . IAIY REDS • ROLLAWAY IEDS • USED REFRIGERATORS • USED WASHERS WADE FURNITURE CO. 112 W. M«ln S-I12S New Transit System Planned For New York NEW YORK in — After studying the metropolitan area's transportation headache for eight years, a group of experts have prescribed a I'/a-billion-dollar aspirin in the children, Lois, Everett, and Ernest, visited their daughter and sister, Roxie Smith, in Memphis Sunday. Mrs. L. E. Mobley, Sr. has as her guest last week her father, J. E. Rodgers, of Springfield. What to do for TV Stomach form ol a snappy new transit system. The proposed remedy would consist of a network of smooth concrete runways on which rubber- tired commuter trains would glide swiftly and quietly between Manhattan and suburbs in New York, New Jersey and Connecticut. The network would extend in a 50-mile radius from the city. In outlying sections the runways would be built on the ({round, but in the city would be placed on elevated shelves at the sides of Manhattan's main arteries. Henry K. Norton, chairman of the Susquehanna Railroad and former member of the New York City Transit Authority, presented the plan to the New York-New Jersey Metropolitan Rapid Transit Commission, Norton said the plan is the "first new idea in rapid transit in 50 years" and was designed as "a public transit facility that can compete wtih the private automobile." WORLD'S LARGEST AT lOt If you like to "nibble" and driok while watching TV, look out! Don't overdo it! Too often it may lead to acid stomach and hours of night-time tossing. But not if you ukc 2 Turns as a "nightcap" whenever distress occurs. Turns neutral»e eicess Kid fail/ You sleep better-feel fresher. Always keep Turns handy to counteract gas, heartburn. Get a roll now! For Add Indention FOR SALE 620 Acres of — Good Farm Land Located on U.S. 61 Highway near Hayti, Mo. PRICED TO SELL! Cloyd Handley PHONE 1473W1 Caruthersville, Missouri Langston-McV.'aten Bolok Co. tl proud to announce tht addition of BOB HUKY to their itlM (ore*. Mr. Huey Is * well known actomobiUj salesman in the BlytheTttle krw. BOB says "I'm proud to be »IM- ciated with both Buiek and Lanf- ston-McWateri Buick Co. This ta a personal invitation to all my friend* to- see me before you trade for any car. A demonstration ride will con* vince you, too, that Bulck I* th« hottest car of the year, and we at Langston-McWators Buick C«. an giving the highest trade-in allowances possible on the Senaatlonal 1955 Buick. If you an going to par the price of a Buick yon may ai well own one. Call aw ai POplar 3-4555 for the best deal yon ever made on the finest car you've «T«C owned. So excitingly new, we couldn't wait! The new long Lincoln for '5 6 is here -Now! tuts tantxim xton dr'! Pumlirt sirHs ol Bin cicl-ntw MmMrilons t« I" limous Untoln Cyril. LMCA W E ANNOUNCED the 1956 Lincoln early this year. We just couldn't wait. For this Lincoln sets a new standard for fine car styling and performance—proves conclusively that a car can possess length and luxury and still be as lithe as the most cat-like of sports cars. This is a truly long Lincoln . . . over a foot longer in the frame. And it's a lean, crisp length. This is a truly luxurious Lincoln. Incomparably rich in fabric and color and detail. And this is a Lincoln with unprecedented maneuverability. The 1956 Lincoln's new V-8 engine turns out 285 horsepower with scarcely a whisper. An advanced lutomatic trinimission puts that power to work with a smoothness unequalled in any motor car. And improved suspension makes even country roads seem like superhighways. We invite you to break with the past. Drive the completely new 1956 Lincoln and prove to yourself that length and luxury can, at last, be as maneuverable, as easy to handle as a sports car. The new 1956 LINCOLN The only completely new fine car 0M'I mitt tkt Mf Ute»W«n hit, U SuWvM's "TOAST OF THE TOWN," Sunday evening. BUD WILSON MOTORS, Inc. 101 W. Wo In lit w«i»ut at Pint Strfl«t Phone 3-6876 J

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