Northwest Arkansas Times from Fayetteville, Arkansas on August 29, 1974 · Page 20
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 20

Fayetteville, Arkansas
Issue Date:
Thursday, August 29, 1974
Page 20
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Page 20 article text (OCR)

70 Northwest Arkansas TIMES, Thurs., Aug. 29, 197* FAYETTEVILLE. A R K A N S A S .*+ /"* Lindbergh As Conservationist Cliarlcs liridljergli lings Philippine uiiuodly chief Dalii Kin Falcn during a visit in 1970 to (lie settlements of the TJIni tribe on (he island ot Mindanao. He was carrying an SI-16 rifle because of flic trouble in the area at that time. In his later years, Lindbergh became deeply interested in the problems of Philippine trlhespeople. (AP Wircplioto) Interest Rates Affect A Variety Of Institutions By JOHN CUNNIFF NEW TOR 1C AP) - Everyone but, some bankers and regulatory officials deplore high interest rates, but so far nobody in power is doing much about them. Meanwhile: --Americans are being forced to borrow hoavvly on their life insurance -policies, which still carry an interest rate of only 5 or 6 pei'' cent, versus double that for any other personal loan. This low rate is made possible by the fact that the bor- rowevs really own the money, it bein.j the cash value built up in their whole life policies. Still, if it isn't paid back it reduces the value of the insurance. At the end of June, the Institute of Life Insurance ports, loans totaled $21.32 re- bil- fbe prime interest rate fixed rigidly at the an- Hon, up 14 per cent from $18.71 billion a year ago, and the figure is still rising. Since policyholders have first call on insurance company as sets, the ability of insurers to invest in other areas is reducee by the rise in policy loans. Anc those other areas usually provide double the return. There is another cause for concern by the insurers. Past . history, they say, establishes as fact that those who borrow on their policies are more likely than nonborrowers to let their policies lapse. --Small businesses are being put on the rack by high interest rates. Unable to pass on their added expenses as easily as can big business, proprietors and olhers are forced to absorb the sharp increases in money costs. Short-term, noninstallmont business loans of $10,000 to $25,000 rose in July to 11.47 per cent from 11.06 per cent a month earlier, according to the Federal Reserve Board. Additional charges also might be involved. New business incorporations, as measured by Dim Bradst- rcet. have fallen almost stead- Two Plead Guiliy To Food Stamp Violations Two Pu- LITTLE ROCK (AP) -women pleaded guiit in laski County Circuit Court Wednesday in connection with the county prosecutor's investigation of food stamp violations. Mrs. Freddie Thomas, 34, of Sweet Home pleaded guilty to two felony charges o1 false pretense in connection with fraudulent applications for food stamps. Rosie Bclin, 40, of Uttle Rock pleaded guilty to four charges of false pretense. Judge Richard B. Adkisson delayed sentencing and jutlg ment on Mrs. Thomas n n t i Nov. 18. Judge William J. Kirby im posed a five-year suspentlcc sentence on Mrs. Belin on each charge, all on the recommendation of Deputy Pros. Ally. Jim my D. Pallon. Patton said he had recora mended a suspended sentence in the case of Mrs. Belin be cause the fraudulent appli cations in her cases were made solely to obtain additional fno stamps for her 10 children up tier fictitious names. He sai these applications were not part of the scheme uncoverct by the prosecutor's office whereby persons, including Mrs. Thomas, were enlisted !· another person to make frondr lent applications in order to oh tain stamps that were latci sold for cash. ly since last September, ore ·eason being the high cost or unavailability of financing. Much Ihe same situation ex- sis in the equity market, vliere new issues of stock by beginning companies have been educed to a trickle from oar in just three or four years. The equity markets can't sup- nort new issues because so much capital has been siphoned off into debt securities by high interest rates available. --Often overlooked is the fact that isn't nounced figure. It varies much that corporation treasurers and other executives can't make reliable projections about future expenses. --Pension managers are getting perturbed. Pension funds traditionally were big investors in blue-chip stocks, which now sell at anemic prices since investment money has been traded elsewhere. This produces questions about lie viability of some private pensions, should the stock mar- remain depressed for many months or years ahead. Ehrlichman's Bid For Trial Delay is Rejected WASHINGTON (AP) - Chief Justice Warren E. Burger has ·ejected a bid by former presidential aide John D. Ehrlichman for a delay in the start of the Watergate cover-up trial. Ehrlichman. one of six de- 'endants in the case, had requested the trial be put off until after Jan. ]. He argued he icedcci more time to prepare lis defense and that he could not get a f a i r trial so soon because of publicity. The trial originally was set to start Sept. 9 in U.S. District Court here but was postponed until Sept. 30 by Judge John J. Sirica at the suggestion of the Court of Appeals. In denying Ehrlichman's request Wednesday, Burger said his decision was "not to be taken as intimating any view whatever on this issue presented by the order of the District Court or the action of (he Court of Appeals." LEARN i BASIC OR ADVANCED 3 INCOME TAX i PREPARATION m Thousands are earning good money as tax preparers. Enrollment open to men and women of all ages. Job interviews available for best students* Send for free information and class scfiedufes. Classes Start: SEPTEHMER 12 . «---- Q ~ ----_._. _ OFFICE W£ARESr YOU: Z Oflirei to Serve Vow 1201 South School, Fnrclterll J'honn 521-175,1 208 S. Thompson, SprlngrTnTB Phone 751-5600 Sears Urver :Si -.X' 1 2 Days Only Choose from All Brand New Kenmore Laundry Units SAVE*10-*40 On individual models SAVE $ 20-*60 If you pick a pair No Monthly Payment Until February on Sears Deferred Easy Payment Plan. (There will be a finance charge for deferral period.) With a Sears Maintenance Agreement You Get COMPLETE SERVICE · All parts and labor alnoextracost · Emergency start up \ * V?*fjwfp £'$ shutdown service '·':. ' · V ' t - * . / ' ' Call Sears fordetail SHOP AT SEARS AND SAVE Satisfaction Guaranteed or Your Money Back Sears SFARS ROEBUCK ANn f'fl Northwest* Arkansas Plaza Hiwoy 71 North Fayetteville Coll 521-6000

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