Northwest Arkansas Times from Fayetteville, Arkansas on September 11, 1974 · Page 3
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September 11, 1974

Northwest Arkansas Times from Fayetteville, Arkansas · Page 3

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Fayetteville, Arkansas
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Wednesday, September 11, 1974
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Page 3
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From Government Employes Unions Deferral 01 Federal Pay Boost Draws Fire frees to restore t h e date. WASHINGTON (AP) -- President Ford's deferral of a 5.5 per cent nay boost tor federal employes has drawn a fusillade of protest from labor, and shapes u p as a major test of his perauasivo powers with Congress. Ford has postponed the ·cheduled Oct. 1 raise until Jan. 1. thereby saving the federal payroll $700 million in the name of fighting inflation, f e d - eral employes unions want Con- original Beyond that, such groups as the National Federation of Fed eral Employes, the American Federation of Government Em- ployes and the National Treasury Employes Union are lobby- Ing for a larger boost. Most are united behind an AFL-CIO proposal of 8.4 per cent. Their reasoning centers on an inflation rate hovering around 1Z pei" cent, plus government surveys showing increases in private industry wages of 6.3 to 7.1 per cent--surveys which are six months out of date. Under the Federal Pay Comparability Act, Ford's delay of the pay hike--affecting 1.4 million civilians and 2.2 million military employes -- can be overtnrned by a simple majority in either the House or Senate. Merit Scholarship Tests Scheduled Tht Preliminary Scholastic Scholarship Qualifying Test (uSAT-NMSQT) will be given at Fayettevile High School October 22. Mrs. Lillian Woods, counselor, *aid thi test is designed to measure verbal and mathematical abilities that are important in doing college work. It is co-sponsored by the National Merit Scholarship Corporation (NMSC). "The test, in addition to helping students find out more about themselves and their abilities, can lead to other opportunities such as entering the competition for scholarships administered by the NMSC," Mrs. Woods said. Students will receive a booklet called "About Your PSAT- NMSQT Scores", with score reports. The booklet gives d e t a i 1 e rt information about colleges and financial aid and how to plan for a college education. It will also explain how they can estimate their SAT scores. After students are scored they can use the College Board's College Handbook to compare t t i e m s e l v e s with s t u d e n t e enrolled at colleges and universities and help determine their chances of getting into and succeeding at the colleges of their choice. Juniors expecting to qualify for National Merit Scholarships next year must take the test in October, Mrs. Woods, explained. Sophomores may take the test for practice, she said. Students are assessed a fee of $2.50 to take the t e s t and must register at the Guidance Office prior to September 15. Further information may be obtained by calling Mrs. Woods at 443-3143. As president. Richard M. Nixon succeeded in postponing iiinllar boosts for two successive years, but his third try in 1973 was overturned by the Sen. ate. "As far as federal employes are concerned, President Ford is a second-hand Nixon," says Nathan Wolkomii-, president of Federation of Federal Employ- es. "Ford had the opportunity to prove lo the career service that he really cared ... hut he blew it. He showed he re a l l y doesn't understand." Vincent Connery, president of the 50,OflO-mcmbcr Treasury Employes U n i o n , vowed "a rather massive protest" to Congress. The law allows 30 days for Congress to act, and Sept. 30 is the deadline. Already the wheels ar.e turning. Sen. Ted Stevens, R- Alaska, has introduced a rose lution to overturn Cue delay, joined by Sens. Frank Moss, D Uath, J. Glenn Beall, Robert Dole, R-Kan., and Mike Gravel, D-Alaska. Chairman Gale McGce of the Senate Civil Service Committee is sympathetic, and has set hearings on the proposal. The Wyoming Democrat believes both that the increase, should be higher and that it should come Ocl. 1. Even Sen. William Proxmire, D-Wis., a frequent critic of inflationary federal spending, has endorsed an October implementation. So has Senate Majority Whip Robert C. Byrd, D W.Va. While the federal bureaucrat can point to a number of statistics to show that his standard of living is slipping, there is still evidence aplenty that this lot isn't all that bad compared to other American workers. For example: --A comprehensive survey bj the Commerce Department showed that in 1973 the average salary for the federal civilian worker, including blue-collar jobs, was $13,000. In private in dustry it was $8,900. --A Civil Service Commission survey of 12 leading private employers showed that none arovided better fringe benefits .han the federal service. Mos notable in 'that area is the gov ernmcnt's pension plan. It pro vldes the retired worker up to 80 per cent of his salary, with guaranteed cost of living pro Lection. While that's four lo five times better than Social Secur ity, the cost to the worker i about the same. --A Library of Congress report showed that while average military pay was S6.587.I4 a /ear, a factor which lends to lower the salary averages gov ernment-wide, the man in uniform collected thousands in about '$8.500 presuming the upcoming increase holds al 5.5 per cent. Almost automatically, such an employe will he .promoted to GS-7 after one year, GS-9, in another year, GS-11 Iwo years after that .and then GS-I2 in another two years. Hence in seven years, he would be at a level with a salary range now set for $18,500 to $24,000. While unions and some congressmen complain that that's not enough, the Civi! Service Commission is swamped with applicants. Last year, 459.000 persons, applied for 83.000 cleri cal openings; 187,500 applied for 12.500 junior executive slots; and 24,000 applied for 7 80n openings in engineer-mi? and scientific jo'bs. Searcy Counly Sheriff Charged FORT SMITH. Ark. (AP) -Sheriff Billy Joe Holder of 3oarcy County Is lo be tried at llarrison Oct. 7 on charges of f i l i n g fraudulent Income taxes. Holder, who has hocn indicted by a federal Grand Jury here, has posted a 51,000 bond, The indictment charges that Holder reported an income In 19(iO of $(i,148 .The federal government contends that Holder's income was 515,838 and that he owes $2,243 in back taxes. In another count. Holder Is charged with reporting a 1970 income of $7,931 while the true amount is alleged to have been 518.602. In the third count,'Holder Is charged with reporting a 1971 income of $7.896. The government contends that the true amount is $16,085. The government alleges that Holder owe: $2.811 in taxes for 1970 to *2, 234 for 1971. NorthwBJT ArVanfdt TIMES, Ww!., S»pt. 11, 1974 r«VETTtVILH, ARKANSAS Better Off By Not Borrowing CHICAGO (AP) -- Household Finance Corp., which traditionally counsels "Never Borrow Money Needlessly," is begin- ling to tell some prospective customers they're better off not sorrowing at all.- HFC says its rate of approving new customers is off by nearly 20 per cent, and there arc signs ' throughout this the is the trend $44 billion-a- year consumer loan Industry. This could h u r t lower middle- income families, who oflcn use consumer loans to get through economic tight spots. While officials of HFC. one of the largest firms in the in- ustry, say they have no policy to constrain credit, the approval rate of loans to new custom- ers lias gone down from 37 to arc charged interest rates of up 30 per cent. One of Ihc reasons, says HI'C vice chairman P.C. Nagel, is that "our standards, because of money costs, havo tightened up a bit." The problem lies in the interest rates finance companies have to pay for money they themselves loan out. The short- term rates lo the companies have risen to the point where the squeeze is being felt in sharply lower first-half profits. There are more than 1,000 big and sniall finance companies operating out of more t h a n 20,000 offices around the nation. Consumers who need extra cash lo meet emergency expenses or lo consolidate "debts to 36 per cent. RATK DEPENDS That rate depends on the size of the loan and regulations which vary from stale to slate. Most borrowers who go to f i - nance companies have annual incomes under $9,000, industry statistics show. Much of their business is with high-risk customers. Delinquent loans are routinely considered p a r t of their overhead. If a person can't get a loan through a finance company, he probably can't get a commercial loan through any legitimate means, said Robert Gibson, head of the nonprofit National Foundation for Consumer Credit in Washington. HFC made mqr« than $«l million last year in its finance operations. First-half profit* this year were down by 12 per "Obviously, the industry Is hurting very badly," said Carl Hawver, executive vice president of the National Consumer Finance Association, the industry's trade organization.. He said if interest rates stay higli for an extended time. loans will be cut back until states allow them to jack up the interest rates on consumes loans. Gibson said most loan companies have already begun to cut back and he is worried, about the possible social implu cations. supplementary advantages. Young Democrats To Stage Auction HOT SPRINGS, Ark. (AP) -Would yon like to play tennis with the governor? Or, would you prefer to own an autographed farted blue workshirt that onc« belonged to David Pryor, the Democratic candidate for governor? These will be among the items offered at the Pulaski County Young Democrats' fundraising auction Friday night at the Democratic State Convention. Other political items that have been donated to the auc tion include a pipe from the collection of former Ally. Gen. Joe Purcell, the Democratic nominee for lieutenant governor, and a hair brush from J. Bill Becker, the president of the state AFL-CIO. Rep. Ray Thornton, D-Ark., donated an autographed copy of the impeachment hearings of the House Judiciary Committee of which he is a member. A spokesman for the event said the items to be auctioned would be 'collectors' items for political "buffs" and would range from a campaign button to a tour of the state Capitol ind lunch for two with Secretary o f state Kelly Bryant and two tickets to the football game between Arkansas and Southern California. These included $1,440 for housing, $598 for food, $473 in feder r al tax benefits, $831 for "special items" such as hazardous duly, clothing and proficiency $770 for medicial care, $98 in commissary and exchange discounts and $1.266 in retirement credits. The salaries of federal workers began a dramatic surge during the Kennedy adminis- ration in an effort to attract jetter-qualified appliclants. In .he past decade, the civilian branch has received a dozen substantial raises, a n d boosts for the military, particularly since its conversion to an all voluntary force, have more than quadrupled pay levels in some cases. The result is that while the entire government payroll, in eluding the now-independen Poslal Service, has remaihe( static at about 5 million em ployes, the cost has more than doubled to $60 billion. White-collar jobs for college graduates slart at the GS-5 lev el, where "step 1" will paj Files Aplication LITTLE ROCK (AP) -- Rice- l*nd Electric Cooperative Inc., of Stuttgart wants to borrow $172,000 from the National Rural Utilities Cooperative Finance Corp, « private firm in Washington. Riceland asked the Arkansas Public Service Commission for authority to obtain the loan Tuesday. The loan would be made In conjunction with a $688,000 loan from the Rural Electrification Administration and would be used t» acquire property and construct additional facilities. BCPMT WATCH RIMIM SWIFTS Stalk the good life, Cut your income tax and prepare for comfortable retirement at the same time. That's what a pension plan Is afl about. If yoa are self- employed, the head of a small corporation or if you work for a nonprofit organ}- zation you can reduce your Income tax during peak earning years through a care- fu*y pfenood retirement program. Advantages now. Advantages later. Thafs the goodWe. CaH yon- Kansas Oty life Agent for retirement protection. a.:y .Inck Roland Chancy Sharp Julian KANSAS COYJIBE INSURANCE COMBWY Sfrnrwns SEPTEMBER SALE A. SWEATER SCOOP! A fabulous selection of brand name sweaters. Turtleneck, V neck, scooped and mock turtle styles. Beautiful colors in sizes 34 to 40. Values to 20.00 , NOW 6.99 B. ROBERTA LEE COSTUME in 100% Trevira Polyester consists of jewel neckline, short sleeve dress with matching long coat. Sizes 10 to 20. Re g . 76.00 ,.,.,. NOW 59.00 C. MEN'S SPORT COATS in Fall ond Year round weights. Regulars, Shorts and Lorvgs. i R 3 e o 9 oo 60 : 00 . to .NOW 25%, OFF D. SKAI SUEDE ALL PURPOSE COATS by Jerold. Look and feel like suede, but are water-repellant. Pant coat and full length styles. Reg. 50.00 to 60.00.. NOW 20% OFF E. SHIRTS AND TOPS selected from regular-stock styles, many suitable for Fall. Junior sizes. Reg. 9.00 to 21.00..,,, NOW 2.99 F. CORDUROY PANTS in Junior sizes. Machine washable. Dusty rose, Rust, Camel, and Navy. Reg. ,5.00..,..,.,.,..,,,,., ,, ,. NOW 9.90 G. MEN'S LEATHER AND SUEDE COATS, reduced for Fall wearing. Many styles. Reg. 70.00 to 200.00. .,,,, . . NOW 20% OFF H. PARTY PAJAMAS are the big look for Fall. Set includes jacket, easy-fitting shell, and flowing pants. Sizes 10 to 18. Re 9 . 22.00 ,.,,,,. ...NOW 16.90 I. GIRLS' COATS. Entire stock including wools, leathers, fake furs and all-weather styles. Sizes 4 to 14. Reg. 29.00 to 55.00.. NOW 20% OFF HURRY SALE ENDS SAT.! PANT TOPPERS Reg. 60.00 NOW 29.99 Polyester crepe pant coats, fully lined and tailored by a fine maker. In beige or navy. Limited sizes. NEW FALL PANT Reg . ,2.00 NOW 8.99 Polyester texturized knit styled with a stitched crease. New Stay Press hem for the perfect length. Sizes 8 to 20. HANDBAGS 'Reg. 10.00 to 22.00 NOW 6.99 Many styles in vinyl leather, patent, and denim, all in assorted Fall colors. FAMOUS BRAND BOYS' CANVAS PANTS Reg. 8.00 to 8.75 NOW 4.90 Polyester/cotton blend pants by a famous maker of boys' clothing. In plaids and solids, sizes 8 to 14, Regular and slim. BOYS' JEANS Reg. 6.75 3.90 A great selection of young boys' jeans in plaids, solids and checks. Permanent press in sizes 4 to 7, Regular and slim. Boston Store SHOP NORTHWEST ARKANSAS PLAZA DAILY 10 AM to 9 PM. Use Your Boston Store Credit Card, Master Charge

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