Northwest Arkansas Times from Fayetteville, Arkansas on October 4, 1974 · Page 9
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 9

Fayetteville, Arkansas
Issue Date:
Friday, October 4, 1974
Page 9
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Banker Voices Disapproval Of Amendment 57 LITTLE ROCK (AP) -- Dis-| approval of proposed Amendment 57, which would let the state legislature set interest rates, was voiced Thursday by state Sen. Olen Hendrix of Antoine, a banker and former sponsor of major banking legislation. There now is a IB per cent celling on interest rates. Ilcndrix told the Legislative Council's Committee on Corporations, Insurance and Banking lie expected the amendment to the state Constitution to be "overwhelmingly defeated" next month. "I would never vote to increase interest rates over 10 per cent," said Hendrix. "The small loan is the most important loan you have to deal with. It is used for the basic necessities of life. To increase interest rates would he to penalize the little man." Hendrix is chairman ol the recommendations on setting up uniform procedures for handling grievances of public em- ployes, submitted by Rep. Dill Thompson of Marked Tree, was approved by the Committee on Labor and Industry; It would require a 21-member study committee to make recommendations on state law to regulate collective bargaining for public employes. Thompson said his primary intent was to ask the legisla lure to pass a law setting up uniform grievance procedures. "A lot ot employes are being discriminated against 'and they don't have anyone to go to to get any Thompson said. from,' Campaign Finance Bill Won't Include Congressional Races board of the Bank of Prescott and president of the Bank of Delight. The committee was trying to decide what to dp with a study of interest rates in other states, which had come about at the suggestion of state Rep. Bernice Keizer of Fort Smith. The committee ended up filing the study with the council for reference. ' AVERAGE ELSEWHERE It said basically that-interest rates vary from state to state, but that on the average the rates are about 18 per cent. Hendrix said the study was out of place now because the voters would be deciding the fate of the issue in November. Rep. John E. Miller of Melbourne wanted to send the study to the state's congressional delegation and ask them to push for a uniform national interest rate, preferably 10 per cent. Hendrix, however, said that i wouldn't solve anything because considerable opposition might arise nationally. He said ; a compromise might come about that would set the interest rate higher than the one in Arkansas. Hendrix said he saw nothing wrong with Arkansas being "a loner" in the interest rate field. A proposal to study and make The study committee, composed of employers and em- ployes of the state, county and :ity governments, also would be asked to seek an attorney general's opinion on the extent to which the legislature could delegate power to state agencies to negotiate salaries and labor contracts. WASHINGTON ( A P ) -- A ompromisc bill of far-reaching hangcs in Ihe financing of fcd- ·ral election campaigns lias icon agreed on by Senate- louse conferees. The measure, approved in final form Thursday, sets limits on campaign contributions and expenditures and provides for use.of tax funds in paying for presidential races. Presidential candidates from tie Democratic and Republican larties would be limited to spending $20 million each in general election campaigns, with the government paying the entire amount. Candidates seeking their parly's presidential nomination could get up to $5 million in government sub sidies, but they would be limited to spending $10 million. The bill would permit minor party presidential candidates to receive federal campaign sub sidles, depending on their percentage of the popular vote. Another main feature of the bill is to permit up to $2 million in tax funds to finance the na tional nominating conventions of the political parties. Dropped from the measure was a provision for public fi nnncing of Senate and Housi aces. The conferees plan one more neeting Monday to check it vcr and then to bring it up for [ousc and Senate votes later in he week before Congress ·eccsses for the Nov. 5 elee- ions. Godfrey Released DETROIT (AP) -- Entcrtain- r A r t h u r Godfrey has been re- eused from a hospital here after treatment for severe gastric upset. He reportedly Hew to Now York after his release Thursday. Norlhwwt Arkansas TIMES, Friday, Oct. 4, 1974 MYITTIVILLC, ARKANSAS NEWS WHILE IT IS NEWS IN THE TIMES of the organ the announce- Bumpcrs Speaks LITTLE ROCK (AP) -- Gov Dale Bumpers will speak to a convention of the Society o 'rofessional Journalists. Sigma Delta Chi, at Phoenix, Ariz., on Nov. 15. Ralph Otwell, managing cdi- .or of the Chicago Sun Times and president zation, made ment Thursday. About 1,000 journalists, members of college and professional chapters from every slate, will attend the convention. Also on the program will be Dan Rather of CBS news, Seymour Hersh of the New York Times, and Jules Witcover of the Washington Post. Otwell said a prominent Re publican also would address thp convention to balance the ap pearance of the Democratic governor of Arkansas. The Re publican speaker has not been named OPEN MARKET SATURDAY, 10 A.M. UNTIL 9 P.M. Featuring a spectacular array of handmade crafts and homemade goodies! Come on out and support your favorite local charity! So near. huie/l on/or lozo so much Over 50 Stores 10-9 Mon.-Sar. Over 3000 Free Parking Spaces Hiway 71 Between Fayetteville Springd-ale Clinton Raps Kmart Action WALDRON, Ark. (AP) -Congressional candidate Bill Clinton of Fayetteville Thur- day called the temporary suspension of credit sales by K- Mart stores in Arkansas "a blatant attempt to coerce people into voting for Amendment 57." The proposed constitutional amendment would remove the 10 per cent constitutional limit on interest rates. The legislature would have the power to set such limits under the proposed amendment. Clinton, a Democrat, said he doubted that the temporarj - suspension of credit sales woulc ; result in an increase in suppor for the proposed amendment. "I don't expect the people to be intimidated." Clinton, a law '· professor, aid. "I expect they · will lake their business else where." The Kresge Co., which own the K-Mart stores, said thi ; week that credit sales would b stopped until the firm wa allowed to charge higher inter : cst rates. Clinton opposes the re-lectio bid of Ren. John Paul Ham merschmidl, R-Ark. THE LIGHT TOUCH by Gardenhire's Who says executives ^ don't get enough exer- gl cise? They jump to conclusions, dodge decisions, hit the ceiling and swing their weight around. * * » These days, one of the most frequent marriage vows is the vow not lo I get married. * * * i Bank teller we know ! doesn't like »he new checks with colorful pictures on them. Last month, she almost cashed a postcard. ' * » * The world seems to have forgotteen, in its concern with left and right, that there's an above and below. » * * You never get a second chance to make a good first impression. * * » Give us a chance to show you our most beautiful china at Gardenhire's Jewelry. GARDENHIRE'S JEWELRY b.E. Corner of Square SATURDAY ONLY! On Women's Dresses! Sportswear! Leisurs Wear! Jr. Sportswear! Special Purchase Famous Name Jeans Orig. $15 and $16 jeans yours at a special purchase price. O Assorted colors in sizes 5 to O. 13. Junior Sportswear-- DILLARD'S First Floor Foundations! Orig. $8 Parity Girdles Pull on styles. Lycra spandex. Some garterless. While or nude. Sizes S, M, L and XL. Foundations-- DILLARD'S-- First Floor $20 Values Budget and % Size Dresses 9.99 Washable 100% polyester dresses in fall fashion shades. Sizes 14V4 to 241/2 and 10 to 20. Daytime And Half Size-DILLARD'S--First Floor f\(\ MM ·*'*' Lingerie! Orig. $6 Shift Gowns Cool little cotton and polyester blend gowns in soft pas- O OO tel shades. Good selection of u»*J*J colors. Sizes S, M, L. Budget Lingerie--DILLARD'S-First Floor Famous Maker Sportswear Orig. $23 And More '/soft Now 15,27 lo 26.57 Select from jackets, vests, skirts, sweaters, knits, pants. Coral or woodspice in sizes 8 to 18. Better Sportswear--DILLARD'S-First Floor Orig. $7 Polyester and Cotton Men's Pajamas 4.97 Year round weight permanent pajamas. Long sleeves, long legs in prints or stripes. Coat style. Fully cut. Blue, tan or green in A, B, C, D. Men's Furnishings--DILLARD'S-First Floor Special Group Men's Orig. $70 Sport Coats 1 /2 price Now 34.99 100% polyester in solids or patterns. Save 50%. One Day Only! Sizes 38 to 44. Hurry! Tailored Sportswear--DILLARD'S-First Floor Housewares Linens! Orig. 4.S9 3-Pc. Mixing Bowl Set Colorful in (lame, avocado, yellow or marbelized. Choose a set for your kitchen. Orig. 4.49 Fashion Print Sheets Cannon or Wamsulta sheets and cases in long wearing blend of 509 poly- ·) ester, 50% cotton. Pink, Blue or Gold- £rf. enrod florals. Orig. 5.49 Full 3-99 Orig. 3.99 Pr. Standard Cases 2.99 pr. Orig. 6.99 Chatham Kenwood Blankets. Thermal weave for warmth without weight. Allergy free. Machine washable and dryable. White, gold, blue, green. Linens--DILLARD'S--Second Floor 5.99 Orig. 2.95 Stainless Steamer Collapsible vegetable steamer for more flavorful meals. Try it soon. Housewares--DILLARD'S--Second Floor Draperies! Orig. 42.98 and More Twin Size 100% Kodel® Polyester Fiberfilled Quilted Bedspread Fine quilted, fully quilted in 3 patterns: documentary floral column print, English design or English floral column design. Decorator colors. Orig. 50.98 and more full size 37.D9 Orig. 60.08 and more queen size 47.99 Orig. 72.98 and more dual size 52.99 29.99 Draperies--DILLARD'S--Second Floor Save On Furniture Orig. 129.95 Living Room Tables Mersman tables from the Casanova collection. Mediterranean Ov styling. Large door cocktail or I7O. end tables. Orig. $168 Lo-Z-Boy Rocker Recliner With rich vinyl cover. · *P iOU Orig. $249 3-Cushion Sofa Orig. $168 La-Z-Boy Rocker Early American. Herculon cover with maple trim. 219.95 Swivel rocker, handsomely upholstered in velvet. 119.95 Orig. $249 3-Cushion Sofa Traditional style, 3-cushion loose pillow back design. 219.95 4-Pc. Bedroom Suite Dark oak large triple dresser with landscape mirror, 5- drawer chest, full or queen size headboard. Riverside 4-Pe. Bedroom Triple dresser, landscape mirror, large armorie chest, regular or queen size headboard. Distress Pecan finish. Orig. $229 Jamison sofa by day, sleeper by night. Herculon® cover .................. $199 $499 Pine Rocker with Cord Seat Colonial styling slat back rocker. Ideal addition to any room. Spcial- Ideal addition to any room. Spec- priced while they last. urniture-- DILLARD'S-Second Floor ially prit Fur Now...Three Convenient Ways To Charge These two popular credit cards plus your Dillard's credit card .. .At All DILLARD'S and DILLARD'S Pfeifer-Blass Stores in Arkansas Open Monday Thru Saturday 10 A.M. Until 9 P.M. 'ii 4

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