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Rocky Mount Telegram from Rocky Mount, North Carolina • 10

Location:
Rocky Mount, North Carolina
Issue Date:
Page:
10
Extracted Article Text (OCR)

1 0 Rocky Mwrt N.C. TtltgrMi .1 New Bank, New Chicago Pastor Passes? Message: 'We Will Vote' Gains Angeles' West Valley Bank, which he neipea touna in 1978. The. investment firm of Wedbush, Noble and Cooke an expert in banking stocks -r says that West Valley has been California's most profitable independent bank. "I began to do some of the things we are doing here at West Valley," says Rector, "but West Valley was still a commercial bank geared to the individual depositor.

I saw in this new bank a way to move away from that concept and into a' merchant-banking concept." Rector says First Nation? al is organized "to meet all the financial needs of businesses with sales between $250,000 and $100 million a year. We are offering the small- and medium-size business the kinds of financial services and more that a Bank of America or Chase or Citicorp offers only to its biggest clients." Hanrahan, also lost after "antagonizing blacks. After Mrs. Byrne's election, some Side politicians started talking about supplanting her with a black in 1983. ii8tadjf Published A Chicago Urban Leagues-study published in 1981 suggested "blacks might more effectively determine the outcome" of this year's mayoral race with a voter participation increase of .5 percent to 10 percent.

The voter registration drive was launched last summer in churches, at welfare offices and on street corners. One black pastor told his flock not to show up on Sunday without a voters card. The first effects were felt in the Nov. 2 election. Republican Gov.

James R. Thompson was expected to win easily over Democrat Adlai E. Stevenson. Instead, he barely squeaked through I1 j-iniiianliii 'ii Mi tMrtVitifeiin-n-i Blacks Register; But in the last eight' months, blacks have swarmed large numbers onto Chicago's voter rolls as a result of an impressive registration drive. Latest estimates of black ballot-box strength range from 600,000 to 670,000 of the city's 1.6 million voters.

Whites, who make up 60 percent of" Chicago's population of 3 million, are mainly split between Mayor Jane M. Byrne and Cook County State's Attorney Richard M. Daley, son of the city's late mayor. If Mrs. Byrne, and Daley divide the bulk of the white vote evenly and blacks turn out in big numbers, Washington might sneak in.

For the last dozen years, blacks, have had enough votes to oust white officeholders here if they found them irksome. Mrs. Byrne defeated former Mayor Michael A. Bilandic with votes from black wards in 1979. One of Daley's predecessors as Cook County state's attorney, Edward V.

CHICAGO (AP) The Rev. Eddie R. Williams, pastor of the South Park Baptist Church, clears his throat and proceeds to hammer home the gospel' that is sweeping Chicago's; black community, "We will Williams intones as two dozen residents of the Pioneer Court old folks home listen in respectful silence. "We will vote because it is our duty to vote. Pass the message on that we are going to vote." The message is repeated endlessly in senior citizens centers, churches and mass transit stations on Chicago's predominantly black South and West sides as blacks gear up for Tuesday's Democratic mayoral primary.

For the first time, a black is rated as a serious contender. "I have the votes," two-term U.S. Rep Harold Washington repeats at every campaign stop. "Now all I have to do is get them out." That claim is open to dispute. Twist, Big i wt w-t i (NEA) Today's typical bank is big and plastic and is located either on the ground floor of a building or in a shopping center, convenient to parking and foot traffic.

But: the First National Bank of Beverly Hills is vastly different: It's located on a top floor of a nondescript Office building whose ground level is occupied by branches of a major bank and a savings and loan, and there are no signs outside to indicate First National's presence. First National is dedicat-' ed to a very different style of banking and it might well be the most successful new bank ever opened in California, which sees dozens of new banks start up annually. The First National Bank of Beverly Hills is a throwback to the old European merchant bank, and its offices look like the California version of a fine Swiss bank. But it's a merchant bank with a difference, for it uses all of the electronic tools of the '80s to implement a centuries-old concept of banking. The bank's method of operation is the brainchild of its president, Richard Rector, who has been in Before accepting his present post, Rector headed suburban Los endorsed Lifeline and as a measurement of that commitment, donated $2,000 to enable the Pilot Clubs to reach their original goal of $19,500 to purchase the Lifeline base set and 30 home units.

(Killebrew photo) CHECK PRESENTATION Jim Sazama, Schlage Lock plant manager, presents a check to Vickie La wing (center); to put the Pilot Clubs Lifeline Project "over the top." Pictured right is Ruth Coley, president of the Luncheon Pilot Club. Schlage has Vqlcker Says Inflation Should Continue Declining wun a edge, in part because of a large turnout in the black com: munity. percent to Voicker said. 10 percent, WASHINGTON (AP) By yearend, he said, the The Federal Reserve Board, economy will have grown, expecting only relatively but only modestly, and weak -recovery this yearrwtlkunemployrnent will still be try keep just enough about 10 percent of the U.S. money flowing into the Jabor force.

However, in- i i I r-vv Friday, Saturday, Monday HEALTH Lawrence E. Lamb.M.D. flation -Should continue declining. Volekr, --whor agency" controls the nauWs money supply, said the Fed will slightly expand its previously targets for monetary growth. However, since the money' supply expanded more than targeted last year, hitting the target ranges this year could actually result in a slight slowing of such growth.

Objective "Our objective is easy to state in principle: to maintain progress toward price stability while providing the money and liquidity necessary to support economic growth," Voicker said. Some congressmen have contended the Fed's policy of relatively restrained money Causes of headaches By Lawrence Lamb, M.D. because the teeth are not even. When the teeth are DEAR DR. LAMB I properly balanced for even read your column about the occlusion the strain is poor woman who could not removed and the pain disap-find a diagnosis for her pears, headaches.

I want to tell you growth is a recipe for economic stagnation. But Voicker said it would be unwise, after successfully battling inflation for two years, to risk new price increases by trying to spur faster recovery with a flood of money. 1 1 he said Fed would widen its target range for what is often known as the basic money supply cash and checking accounts, or Ml from the 2.5 percent to S.5 percent of last year to a new range of 4 percent to 8 percent. But he also said the Federal Reserve would not pay as close attention to that money measure as in some past years because new types of bank accounts have made it a less-reliable indicator of the "money" Americans are actually using. The growth target for the broader measure M2 which includes all of Ml as well as most savings accounts will be raised from last year's 6 percent to 9 percent to a new range of 7 Rocky Mount Office: MiltqnP.

Fields Leon Henderson, Jr. Roy A. "Coop" Cooper, III 422 Sunset Avenue Rocky Mount, N. C. 27801 Entire Complete Inventory Slashed LgfcSff 0JODSL7 economy to fuel that revival but not so much as to reignite inflation, board chairman Paul Voicker said Wednesday.

i other cases the 1 "IaJ UllldllieU Or even afflicted with arthritis. While you obtained ouick tcuci, iiui dii cases oi uis rxl.nt -11 1 luicion of jhat Jnt a'e so slvef UU1ILU'1 And there are other dental causes for headaches as Your experience simply points out the large number of things that can cause headaches. Some are caused by anxiety and tension. It is not always easy to find out what causes each headache or to treat jt. The various causes of headaches and treatment are discussed in more detail in The Health Letter 16-12, Headaches and What to Do About Them, which I am sending you.

Yes, headaches from dental causes are included in the list. Others wanting this letter can send 75 cents with a long, stamped, self-addressed envelope for it to me, in care of this newspaper, P.O. Box 1551, Radio City Station, New York, NY 10019. Fields, Cooper Henderson Attorneys at Law With Offices in Rocky Mount and Nashville Hwy. South 301 Bypass Rocky Mount nt Are Pleased To Announce That Roy A.

"Coop" Cooper, III HAS BECOME ASSOCIATED WITH THE FIRM mv storv. Mv headaches almnct rrm family doctor and he is a very fine doctor said Qc; M0inico nerves. A chiroprlctor, that my spine was crooked; the allergy doctor said migraine. My dentist laughed and said I was too Then I saw an ear specialist who drew me a diagram and showed me how the little ball and socket presses on a nerve. He told me to go back to my dentist.

My jaw bone was pressing on a nerve. My dentist thanked me and corrected it. My headache was gone. It was like a miracle. I'm thankful for doctors but they are human too, like all of us, as proved by mistakes.

This jaw bone deal is worth looking into. DEAR READER I'm glad you found the cause of your headaches. Yes, the mnge joint where the jaw bone joins the skull, which is called the temperomandibu-lar joint, can cause headaches. It can be under stress 8, ARE YOUR OLD GLASSES GETTING YOU DOWN? TRADE THEM IN! Your old glasses are worth money with the Great Frame Exchange. When you bring in your glasses and make a selection, you'll receive a trade-in allowance on your old glasses! And, you don't have to be our client to take advantage of this exclusive service simply bring in your prescription.

Your old glasses wiN be donated to charity to be dis-' tributed to less fortunate individuals, so everyone gains with the Great Frame Exchange. Expires Feb. 28, 1983. NashViileOfiice: Roy A. Cooper, Jr.

Court Circle Nashville, N. C. 27856 rlill ltt r.i WRRYTOWII OPTICIAN? 443-6741 Open Saturdays evenings.

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About Rocky Mount Telegram Archive

Pages Available:
687,462
Years Available:
1916-2017