Johnson City Press from Johnson City, Tennessee • 2

i 2 JOHNSON CITY PRESS-CHRONICLE. Thursday Evening. April 22. 1976 ation and academic programs of business colleges. With the accreditation by AICS.

Steed College now joins only 16 other colleges across the country accredited as senior colleges of business. Director of development James Rupe, whose office has coordinated accreditation efforts, commented. of the student body, faculty. and staff have worked diligently individual toward the goal of accreditation and each can consider this accreditation a personal accomplishment." In announcing the accreditation of the school. President Howard Steed said, accreditation by AICS is the culmination of a five-year effort that has seen the school recognized as a Junior College of Business and now a Senior College of Business.

We are proud to receive this recognition and are eager to continue our commitment to this region." Steed College receives senior business college accreditation Steed College has realized a major milestone in its development. Full accreditation as a senior college of business has been granted the college by the Accrediting Commission of the Association of Independent Colleges and Schools (AICS). Founded in 1940 by Dr. and Mrs. C.

C. Steed. Steed College has long been one of the area's leading business colleges, granting its first bachelor of science degree in 1949. The institution. located in Johnson City.

has regional centers in Elizabethton, Greeneville. and Kingsport. AICS is a member of the Council on, Post-Secondary Accreditation, along with the seven regional accrediting associations, and other specialized accrediting bodies. It is charged with the responsibility of monitoring and accrediting the standards of oper- East Tennessee State University. will observe Career Days on the campus.

Students at all levels of university standing will have an opportunity on Monday and Tuesday to take a scientific look at their career choice. Those who have not decided upon a career will explore possible careers on the basis of attitudes, interests and temperament as well as special talent requirements for certain types of work. a career. means looking in and looking out," said Dr. Willene Paxton, coordinator for ETSU Career Days.

student needs to look inwardly to the things that interest him and take inventory of his abilities. hobbies and leadership experience. He also needs to look toward the future employment trends and how much responsibility is required in each career. Dr. Paxton said that while some students may prepare: for a lifetime career.

many more will have to prepare for more than one career during a lifetime. Students will have access to career conferences with faculty. films and film strips related to specific types of employment, as well as the latest printed material on employment trends. According to Dr. Paxton, there are more than 21,000 jobs listed in the U.S.

Dictionary of Occupational Titles. so many choices at the student's disposal." said Dr. Paxton. "It is important that he make the right choice of occupation one, that he is happy with and one that he can perform Bluff City Career Days bypass opens On news beats set by ETSU the next week BLUFF CITY--The 4.6-mile Bluff City bypass. under construction for almost threeyears.

is nearly ready for traffic. If all goes well, the $6.1 million project will be opened to traffic next Wednesday. The bypass is an extension of the four-lane highway already coming from Bristol to just past the Bristol International Speedway. The State Department of Transportation is presently studying extension of the four lanes into Johnson City. Work on the project started on May 19.

1973. Wednesday YOUR PROPERTY WITH ED JUSTICE REALTOR YOUMANS-YOUNG Me Wherter Milligan PARKWAY CENTER M. ROAN ST. JOHNSON CITY, TENN. OFFICE 126-2144, 926-5197 Ed Justice, Residence 926-4272 Sally McKinney, Residence 928-8774 Bruce Young, Residence 926-0610 Chip Young, Residence 926-4409 Frank Krough.

25. St. Petersburg. was arrested Thursday by Deputy John Couch. of the Sheriff's Department.

and charged with violating the bad check law. He remains in County Jail in lieu of $750 bond and faces trial today in Johnson City. Betty Smith, 33. 51512 E. Fairview was arrested Tuesday by Deputy Harry Whaley of the Washington County Sheriff's Department and charged with contributing to the delinquency of a minor.

Bond had not been set early this morning. Trial for Smith was set Friday in Sessions Court in Johnson City. Kenneth Greene. 4203 Navaho Drive. reported to Washington County Sheriff's Department the loss of a gold diamond ring on the grounds of Daniel Boone High School Tuesday afternoon.

It was lost on the softball field or in the parking lot. the report said. Jean Drust. Rt. 9.

reported to Washington County Sheriff's Department the theft of a Hospital Pharmacy Registered Pharmacists JOEY PRICHARD PAUL HARRISON Manager ERNIE WIDENER 602 N. Roan St. Johnson City, Tennessee 926-0121 JEWELRY NATIVE TAN PRODUCTS POLAROID SUNGLASSES NATIVE TAN Products Free Parking Drive-Up Window Free Delivery 200 From The Years Johnson City of Area Home Better Builders Association Ideas 1976 Fourth Annual Home Show 2 Your Best FEATURING A scale model of the Johnson City Area Home Builders Association's Dream Home with Security Solar Energy Heating Concepts. IS a Register for 5:00 P.M. 8:00 NEW HOME Thursday BUY FREE PRIZES Friday 4:00 P.M.

9:00 P.M. NOW to be given away by Exhibitors and a Saturday Admission Price 10:00 A.M. 9:00 P.M. Per Person MICROWAVE OVEN to be given away by Sunday Advance Tickets 1:00 P.M. 6:00 P.M.

available at: HOME BUILDERS ASSOCIATION The Shamrock All Hamilton Bank Locations CAHBA STATES JOHNSON CITY AREA HOME BUILDERS ASSOCIATION FREEDOM HALL CIVIC CENTER News of area deaths (EDITOR'S NOTE: All death notice. for the evening edition of the Johnson City Press-Chronicle will be accepted until 10:15 a.m. City edition deadline is 1 p.m. Notices for the State and Sunday editions is 10 p.m. the day be fore.) GERTRUDE S.

PRIVETTE Gertrude Smith Privette. 78. Rt. 3. Faith Circle.

died at 2 p.m. Wednesday in Memorial Hospital. Mrs. Privette was a native of Knox County and had lived in Washington County for the past 40 years. She was the widow of Gilbert Privette.

She was a member of the Baptist Church. Survivors include four sons. Paul and Don. both of Jonesboro, Doane. Chicago, and William, Johnson City: four daughters, Mrs.

Mary Hughes and Mrs. Katherine White. both of Johnson City, Mrs. Elnor Pitts. Pennsylvania.

and Mrs. Dorothy Hinley, Jonesboro: 44 grandchildren. 125 greatgrandchildren and two greatgreat grandchildren a Knoxville; brothand five sisters, all of Knoxville. Woodall is in charge. CHARLES WINTERS ASHEVILLE, N.C.-Charles Winters.

63. Asheville, was pronouriced dead on arrival at a city hospital Wednesday. Survivors include four sisters. Mrs. Jeannie Yarber, address unavailable.

Mrs. Belle Phillips. Greeneville, Mrs. Bonnie Estey. Jonesboro, and Mrs.

Nola Mae Church, Hudson: two brothers. Linville Roan Mountain, and John Boones Creek, and several nieces and nephews. Gray. in Jonesboro, is in charge. MRS.

McQUEEN ELIZABETHTON-Mrs. Deborah, Smith died McQueen. 12:15 75. a.m. Thursday in Carter.

County Memorial Hospital, following an 1 illness of two Carolina bike race postponed; lack of funds BOONE. N.C.- That World Bicycle Race originally scheduled to be held in North: Carolina this June has been postponed because of a lack of financial backing. The 900-mile trek was set to roll from the mountain area of Western North Carolina to its finish point on the Carolina Bob Wills, executive direction of the N.C. Travel Council. said promoters had been able to raise only $80,000 of the needed $240,000 to hold the 10-day race.

Boone and other North Carolina towns had made several preparations to accommodate the bikers and the following crowds. Teams from several foreign countries had also made plans to participate in the event. Wills said there is a possibility that the event can be held next year without further complications. years. Mrs.

McQueen was a native of Carter County. and the daughter of the late George and Texana Smith. She was preceded in death by her husband Lee McQueen. Oct. 27.

1973. and by two sons. Harry McQueen. March 11. 1960.

and F.M. McQueen. She was a member of Calvary Baptist Church. Survivors include six sons: Shirley McQueen of the home. Ivan.

J.D.. Charles. Kenneth and George McQueen, all of Elizabethton: three daughters. Mrs. Beatrice Elliott.

Mrs. Sue Lady and Mrs. Margie Townsend. all of Elizabethton; 21 grandchildren and 16 greatgrandchildren. Hathaway-Percy is in charge.

MRS. MAE M. WILSON diamond ring from her house. Wednesday. Shaunnetia Charles.

6. and Carol- Charles. 4. both of 824 Johnson were treated for car accident injuries at Johnson City Memorial Hospital Wednesday. The older child received a lip cut and the younger received a chest injury.

They were injured in a car accident on Market Street. investigated by city police. Betty Hathaway. 404 W. Highland reported to city police Wednesday the theft of a girl's 26-inch bicycle.

Lightning strikes breaker, causes power blackout An area of the city north of Mountcastle Drive was without power for about two hours last night after lightning struck a main breaker and cut a line spokesman for the Johnson City Power Board said. The area without power included Forest Avenue, Belmont Acres. Sherwood Drive, and U.S. Highway 23, he said. Fuses in transformers were also burned out by lightning in Harmony Community, on State Rt.

107. and on Airport Road. A new transformer was installed near Midway School on the Old Jonesboro Highway after lightning struck there. he said. No other major thunderstorm damage was reported to authorities.

Excitement shows Three members of the Steed College administration, who have been with the school since its early days in Elizabethton, read the letter announcing Steed College's accreditation as a Senior College of Business. Left to right, Mrs. Wilda Walker, Mrs. Sarah Byers, treasurer, and Howard Steed, president. Tax facts explained for insurance needs (EDITOR'S NOTE: This is Life Insurance Week, being observed locally by the Johnson City Association of Life Underwriters.

This is another article about life insurance.) With income tax time just past. there are some tax facts to keep in mind about life insurance proceeds. According to the Institute of Life Insurance: 1. As a general rule, a widow who receives the proceeds of her husband's life insurance policies in a lump sum payment does not have to. declare this money for income tax purposes.

2. If she takes the proceeds in installments over a period of time instead of a lump sum payment. then the amount payable is spread over the period and each payment consists of part of the proceeds and interest. Only the amount of interest that exceeds $1.000 is subject to income tax. 3.

If she takes the proceeds as a lifetime income (frequently referred to as an "annuity again, only that portion which is interest in FORT PIERCE. Fla. Mrs Mae Merritt Wilson died Monday in a Miami hospital. Mrs. Wilson was a native of Carter County.

and was a member of the Church of Christ. She was a member of the Wilson Family Quartet. Survivors include her husband. 0.D. Wilson; two daughters, Linda Wilson, of the home.

Mrs. Charlotte Barefield. Church Hill, two sons. Sherrill and Joe David Wilson, both of Fort Pierce: her mother, Mrs. Minnie Merritt.

Elizabethton. one brother, Frank Merritt. Cocoa; nine grandchildren. THOMAS A. GIBBS excess of her $1,000 a year exemption is subject to income tax.

The amount which does not have to be reported as taxable income each year is the total proceeds divided by her life expectancy. 4. The amount of interest which may be excluded annually is limited to no more than $1,000 for each insured regardless of the number of policies involved. 5. The $1,000 annual interest exclusion is not available if she leaves the proceeds of her" husband's policies with the insurance company for future distribution and receives each year just the interest earned on those proceeds.

Then she must report it for income tax purposes, just as she interest from any Eventually, "investment. she will receive the proceeds under any of the previously stated conditions or the proceeds will form a part of her estate and will be subject to inheritance and estate taxes. As general rule, reports the Institute. there is no income tax for the beneficiary on proceeds received in a lump sum under an employer's group insurance plan or accident insurance. Gray firemen offer special Bicentennial tags P-C Jonesboro Bureau Bicentennial license tags are being offered for sale by the Gray Volunteer Fire Depart- ment.

Tags may be purchased at area branches of Hamilton Bank and First Tennessee Banking and Trust or at main offices. All proceeds go to the fire department. Funeral notices (EDITOR'S NOTE: Deadline for fur neral notices for the afternoon edition of the Johnson City Press-Chronicle is 10 a.m., for the morning edition 10 p.m., and for the Sunday edition 10 p.m. Saturday. Your cooperation will appreciated.) HATHAWAY-PERCY FUNERAL HOME Thomas 'A.

Gibbs Elizabethton Funeral services for Thomas A. Gibbs, 64, of Rt. 1, Roan Mountain, who died Wednesday morning in the Carter County Memorial Hospital, will be held at 2 p.m. Friday from Gray's Chapel Presbyterian Church with Rev. Abe Aldridge and Rev.

R.W. Hovis officiating. Music will be under the direction of Mr. and Mrs. R.W.

Hovis. Burial will be in the Gibbs Cemetery. Active pallbearers will be Ed Roark, Frank Honeycutt, Herman Freeman, Walter Roark, Hobart Pritchard, Bill Birchfield, Bob Burleson, and Jim McMahan. Flower bearers will be ladies of the church, friends and neighbors. The body will remain in the funeral home chapel where the family will receive friends from 7-9 p.m.

Thursday. Friends may call at the chapel and at the home at anytime. Hathaway- Percy Funeral Home, Elizabethton, is in charge of the arrangements. Mrs. Deborah Smith McQueen Funeral services for Mrs.

Deborah Smith McQueen, age 75, of 306 Park Elizabethton, who died Thursday morning in the Carter County Memorial Hospital. will be held at 2 p.m. Saturday from the Calvary Baptist Church with Rev. Don Peek and Rev. Winford Floyd officiating.

Music will be under the direction of the Atonement Quartet. Burial will be in Happy Valley Memorial Park. Active pallbearers will be grandsons Albert Taylor, Kyle McQueen, Randy McQueen, Glen McQueen, Bobby Lady, Terry McQueen, Gary Lady and Danny McQueen. Honorary pallbearers are Dr. George Crumley, Dr.

E. T. Pearson, Ray Grindstaff, John Roe Roberts, Jimmy Dugger, Arthur Jones, Lewis Garrison, and the Men of the Calvary Baptist Church. Flower bearers will be ladies of the church, friends and neighbors. The body will remain in the home chapel where the family will receive friends from 7 9 p.m.

Friday. Friends may call at the Chapel and at the home anytime. Hathaway-Percy Funeral Home, Elizabethton, is in charge of the arrangements. GRAY FUNERAL HOME Gray Charles Winters Funeral services for -Charles Winters, will be conducted at 11 a.m. Friday in Gray Funeral Chapel with Rev.

Toonie Cash officiating. Burial to follow in the National Cemetery at Mountain Home. The family will receive friends Thur. sday evening in the Gray Chapel. Gray Funeral Home, Gray, is in charge of the arrangements.

ROAN MOUNTAIN Thomas A. Gibbs. 64. Rt. 1, died at 10 a.m.

Wednesday in Carter County Memorial Hospital. Mr. Gibbs was a native of Carter County. He was a son of the late James and Rosa Brown Gibbs. He was a farmer and a member of Gray's Chapel Presbyterian Church.

where he served as an elder for a number of years. Survivors include his widow. Mrs. Edith Gibbs: two sons. Wayne.

of the home. and Ray. Roan Mountain: two sisters. Mrs. Mae Miller.

Johnson City. and Mrs. Nell Shell. Roan Mountain: one brother. Howard Gibbs.

Johnson City: and two grandchildren. Hathaway-Percy, Elizabethton, is in charge. OLUTION 1776-1976 TM JOHNSON CAN PRESSNews Center, Boone Street at Main and Market Box 1717 Johnson City, TN. 37601 Published daily and Sunday. Second class postage paid at Johnson City, TN.

For accuracy, the Johnson City Press-Chronicle covers meetings and interviews with tape recorders. Subscription: $54.60 per year by mail, postage paid. IS THE DIAMON 9 Give Mom our Ring of For a Mother or a Grandmother, each Ring of holds a jeweled memory of every loved one in her family. Mother's Day is May 9. a.

Ring of Holds up to 8 stones in 10 karat gold. Mounting only, $24.88. Made while you wait with synthetic stones, $2.95 each. with genuine stones. Each genuine stone, $4.95.

with diamonds. Each diamond, $9.95. b. Marquise Ring of Holds up to 7 synthetic marquise-shape stones in 10 karat gold. With 1 synthetic stone, $54.95.

Each additional synthetic stone. $2.50. Not available with genuine stones. Most Ring of designs available with genuine birthstones. Zales Revolving Charge Zales Custom Charge BankAmericard Master Charge American Express Diners Club Carte Blanche Layaway ZALES The Diamond Store orders must be placed by April 28.

1976, to insure Mother's Day delivery. Illustrations enlarged. OPEN Miracle Mall 2011 N. Roan 926-2533.