The Paris News from Paris, Texas on October 6, 1960 · Page 17
Get access to this page with a Free Trial

The Paris News from Paris, Texas · Page 17

Publication:
Location:
Paris, Texas
Issue Date:
Thursday, October 6, 1960
Page:
Page 17
Start Free Trial
Cancel

DALLAS ATTORNfy SAYS Loan Sharks Extort Up to 1,000% Interest DALLAS (AP)—A Dallas attorney says loan sharks extort up to 1,000 per cent interest from .borrowers too ignorant and cowed to get help. Prank Finn, in a talk to the Dallas Electric Club, said padded charges and "blood out of a turnip" collection methods are all part o[ the business. Kinn urged support of a state constitutional amendment which will bo on the general election ballot Nov. 8 thai will permit the Legislature to regulate small loan companies. He said similar regulatory laws in 45 other states "have driven the 'loan sharks to Texas en masse." The amendment, backed by the Slate Bar of Texas and various chambers of commerce, would set maximum interest at 10 per cent annually. Loan companies also would be required to keep complete records of their transactions. "Now they keep everything in their heads," th attorney said. "And it's impossible sometimes for a borrower to find out exactly what has happened to him." Finn said "signature loan" companies that literally pull in trade off the street tack on false service Husky Co-Captain MEADV11..LE, Pa. dpi - Tackle Bruce Olderman of Shaker Heights, Ohio, carries a lot of weight on the Allegheny College football team. He is co-captain with halfback lion Steiner of Indiana, Pa., and weighs 23G pounds- Steiner weighs 175. charges that run up a borrower's obligations rapidly. "They'll charge a man $15 for a credit check. Thai generally consists of looking in the phone book to see if he lives where he said he docs. "Then comes the insurance policy so the company can collect the loan if the man dies. That adds on another $18.75, although nobody ever gets around to taking out a policy. "Let's don't forget the 'paper' charges. This is a $4 filing fee, although nothing is ever filed anywhere. And then we get around to interest." Finn said a common loan is $20 for 30 days, with the borrower agreeing to pay back $2D. lie said this figures out to 540 per cent interest per year. When the borrower gets behind the loan sharks start jumping up and down, shouting for his scalp. They threaten to send the man to jail, to put his wife to work, to come out to his house and take his furniture. "There was one case where a company hired a sound truck and advertised through the neighborhood that a man owed them money- "It's a horrifying experience, and it generally happens to people who can't do anything about it ... the poorer people. And colored folks are the easiest marks." He said one loan company threatened a man's life when he sought legal advice. Finn stiid a legislative investigating committee found the case of one man who started with three ?50 loans, made payments of $10,000 in 4Va years and still owed $2,284. THi MlttS HEWS, THURSDAY, OCT. 6, 1960—11^3 ON GOOD HEALTH PJC FRESHMAN OFFICERS—Freshman Class Officers for the 1960-01 school year' include President Duane Allen of Pattonville, Vice-President Ronald Poe of Quitman, Student Council Representative Randy Emery of Clarksville, Student Council Representative Kay Kirkland of Deport, and Secretary-Treasurer Becky Ausrmis of Paris. NEAR KHRUSHCHEV $42.5-MILLION PROJECT Nuclear Propulsion Test Near Completion CAMDEN, N.J. (AP)—A 4,42.5- million experiment in ocean-going nuclear propulsion is slowly nearing completion in a shipyard here. Workers at the New York Shipbuilding Corp. are getting out the N. S. Savannah. It will be the first nonmilitary ship to have an atomic engine. The kec) was put dosvn May 22, 1958. and the hull was launched July 21, 1939. Taxpayers are footing the design and construction cost, and probably the ship never will repay that cost in dollars. But some observers feel the United States will be amply repaid in prestige and the good will it should produce. After it is commissioned, early next year, the Savannah will make a world cruise. The cruise will demonstrate how the atom can be used peacefully. It also will provide valuable knowledge needed for construction of future nuclear-powered ships. The Savannah is named for the first steamship to cross the Atlantic. The new Savannah is 5!)5 feet long and will be powered by a nuclear reactor using U235 as fuel. The reactor, built by Babcock and Wilcox, has been installed. The reaction will be used to heat water and steam to 520 degrees Fahrenheit. This will drive turbines capable of producing 22.000 horsepower. Waste from the reactors will be brought back to shore and buried. International law does not now permit their random disposal at first gained acceptance, some government officials favored putting a Nautilus-type submarine reactor in a conventional surface ship nd claiming a quick atomic first. However Congress decided to pcnd $42.5 million and have the 'essel designed from the keel up. ^inal plans were approved by 'resident Eisenhower on Oct. 15, 956. Master of the Savannah will be G. R. DeGroote 55, Huntington, V.Y. If the ship ever should sink, an unlikely occurrence, special doors •will seal off the reactor to keep it from contaminating the ocean. When the idea of vising atomic jx>wer in a ship of peaceful intent CRITICAL VIEWPOINT — Danny Lee Townscnd, 3, in- iliealcs liis preference of painl- itiR bigli on M'al! during visit vilh unidentified companion to an art show in Longview, Wash. Visitors, Especially Thou Without Church Homes, Ar« Welcome at All Services. GRAHAM STREET BAPTIST CHAPEL 923 Graham Strtft C. W. Bolin, Paitor College Has Own Cold War Blockade to Run NEW YORK 'AP) — Going to "It's as if it were a sideshow," school across the street from Soviet Premier Khrushchev is trying at times—but it's also an education. So say the girls at Hunter College. They've had their own cold war blockade to run for more than a week now, with the Communist leader holding forth intermittently at the Soviet U.N. mission headquarters directly across Park Avenue from the campus. The situation has produced classroom interruptions, arguments and annoyances, but also some laughs and learning. "Most of the students have taken it rather lightly," said Barbara Galgano, 19, Manhattan, managing editor of the college newspaper, the Hunter Arrow. Whenever Khrushchev has appeared on the street, or discoursed from the balcony of the Soviet building abandoned their students desks have and swarmed to the windows to watch. MOTOR SCOOTER FIRM Two Young Brothers Running Own Business Miss Galgano said. Once, as Khrushchev sparred with reporters from his balcony, a group of Hunter girls began singing "God Bless America" from a classroom window. He responded with a few lines of the Internationale, "Arise, ye prisoners of starvation." Another time, some girls in a third-floor lounge let out a few boos. He glanced up, squinting, then grinned and made a thumbs- down gesture. • "Generally, most of the girls have regarded'it all as a circus," said Linda Lax, 20, a Bronx junior. "There have been no general displays of animosity. It's been mostly just curiosity." A number of Hunter girls are East European refugees, and favor tight restrictions against Khrushchev's activity. Some Hunter girls have joined in picketing Hungarian headquarters here, following a speech on the campus by a refugee who said the Janos Kadar regime held many Hungarian girl students in prison. However, no Hunter picketing against Khrushchev has been reported. "Decorum, you know," Miss Paul said. HEREFORD, Tex.. (AP) —Two, •ersatile young brothers are hav-i ng fun running their own business. Albert and Phillip Sciumbate sell and repair motor scooters in heir shop, Al's Scooter Sales, at :heir home near Hereford. Albert 15, and Phillip, 13 sold Fruit and gardening tools at a roadside stand to make enough money to buy their first scooter. Then they heard that the Gushman firm was seeking dealers and :hcy applied for a franchise. To get the franchise, they had o order parts and three scooters. The district manager for the company came to Hereford, talked with the boys and gave them a 'ranchise. They have sold two scooters and lave three in stock. Parts are :elling especially good, they ;ay. "We have at least one customer a day, and sometimes three, four or five," Albert said. "Sunday is a good day." "We think being in business is just wonderful. The only thing we don't like to do is order. Mother helps us order." The boys, sons of Mr. and Mrs. Carl Sciumbato, also play duets on the piano and violin. Phillip has played the violin for three years and Albert has played the piano for four. They have entertained Hereford luncheon clubs. Albert also played t!/a organ Sundays and Thursday nights for St. Antony's Church. "We also build model airplanes and fly them," Phillip said "We sure have fun with them." Between 1940 and 1960, the number of U. S. teen-agers increased about four million to 25,856,000. A much larger increase is expected by 19BO, when the Census Bureau estimates the nation will have 41,071,000 youths between 12 and 20. Guthne & Guthrie "Selling Peace of Mind" INSURANCE & BONDS REAL ESTATE LOANS DIAL SU5-1676 SAVE UP TO 20% • FIRE • WINDSTORM • AUTOMOBILE Collision — Comprehensive Liability Homer Walters GeorgB Carter Homer Walters Insurance Agency 136 N. Main "Insurance That Insures" SU 4-8232 Weekly Menu Planner Follow "Food For Fitness", a daily food guide prepared by the .Institute of Home Economics, Agricultural Research Service, Washington, D.C., for better nutrition and more economical use of your food dollar, plan your menus for a week ahead before shopping. Check them by this daily guide. Milk Group (milk & cheese) 2 or more servings; Meat Group (beef, veal, lamb, pork, poultry, fish & eggs) 2 or more servings; Vegetable & Fruit Group—4 or more servings; and Bread & Cereal Group--4 or more servings. Day of the Week Sunday Monday Tuesday Wednesday Thursday Friday Saturday Breakfast Lunch Dinner PIPE PALS- John Troutman of Potlstowii and his pet clog, Jackie, sport pipes as they watch a show at llth animal Pennsylvania Dutch Folk Festival in Kutztown. Public health is basically a "grass roots" affair in Texas. Over 75 percent of the population in Texas is now covered with local health units according to figures compiled by the State Health Department's Division of Loc a 1 Health Services. Fifty separate and distinct local health units now cover 59 of the state's counties. Most of the areas without the protection of full-time public health programs are sparsely settled. Only one city in Texas with a population exceeding 25,000 doesn't have a Stale participating health unit. Th Local Health Services Division hopes soon to cover these presently unprotected areas, under :he provisions of Senate Bill 206, forward-looking bill passed by :he last session of the Texas Legislature. This law made it possible for several counties in the sparsely- settled areas of Texas to combine their financial resources in order to obtain the services of qualified professional public health personnel. . Financing of local health departments is largely a local matter, in keeping with the traditional Texas attitude of local control, autonomy and independence. In . many instances cities and counties share expenses of joint health units. The size of the ''individual staffs depends on the local population and the magnitude of local health problems. In State participating hea 11 h units there must be at least one fulltime public health physician, a nurse, a sanitarian, and a clerk. Many areas also employ additional public health personnel such as health educators and laboratory personnel. The basic activities of a local health unit include: vital statistics,, communicable disease control, environmental sanitation, laboratory services, arid heal t h education. In large units where more resources exist and there is a need for additional activities, additional programs such as maternal and infant hygiene, school hea It 'h services, nutrition services;- mental health ; services, hygiene of housing, and occupational health services, .are carried out. (A weekly feature from Public Health Education. Division, Texas State Department of Health.) The highest mountain in- Turfcty is Mt. Ararat—16,945 feet. LET US SHOW YOU How to S»v« on Tir* Fully GuariBt*«tf Work , f MAIN TIM 304 N. Mal» SU4-7421 Sausage 89 POUNDS LARGE SIZE PICNICS 29< SACK Sausage 45 Whole Hog Lb. ARMOUR'S STAR,CURED HAMS 49< Whole or Half Lb. GROUND Hamburger MEAT * _ 35 C CHUCK Sliced Lb. . FRESH PORK BACON 45 Lb. FRESH PORK RIBS 39 CREST TOOTHPASTE IMPERIAL SUGAR KING EDWARD CIGARS STEAK 49' Choice Beef Lb CHUCK ROAST 49« Choice Beef, LB. THICK RIB LB STEW 29< SPEAS VINEGAR COMET RICE R C COLA FRANK COUNCIL MARKET 202 N. M.'m SU *-777J You're right in expecting better taste from MARYLAND CLUB ... and your expectation is richly fulfilled in this new and luxurious blend of rare, flavor- aged coffees. But it's not vintage-type coffees alone that give this modern instant coffee an old-fashioned richness of flavor.... .it's also special blending and deep, deep percolation that make Instant MARYLAND CLUB the most distinguished coffee of our time ,, r»/> Vi i • n •/» .. .the coffee youd drink if you owned all the coffee in the world.

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free