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Bristol Herald Courier from Bristol, Tennessee • 37

Location:
Bristol, Tennessee
Issue Date:
Page:
37
Extracted Article Text (OCR)

sA TODA Y'S BUSINESS CLASSIIED Bristol Herald Courier BristolVirginia Tennessean SundayApril 25 1982 Golden Year MONEY Who Needs It Anyway? In 1940 Photo Terry Company Employees Make Peanut Butter Crackers and Shell Peanuts By Hand Paty Lumber Elizabethton Store As It Appeared In 1949 National Consumers Week nder Way RAMING SUItTING MO1NO Bj LISECUTSHAW Two Bristol Virginia family owned businesses which opened in 1932 during the hard times of the Pepression are celebrating their 50th anniversary' this year Inc and the Paty Company not Only made it through the Depression but they have been expanding ever since Starting with two employees the owner and his wife the BL Terry Co began business making peanut butter sand wiches or crackers in the kitchen of the Terry home on Vance Street Over the' last five decades the product line has varied greatly to suit the needs of the public At one time BL Terry sold pies and baked goods The company has since expanded its products to include potato tortilla and corn chips cheese twists popcorn and peanut butter and cheese crackers and increased its number of employees to 103 These products are no longer marketed just in Bristol as they were initially but throughout Vir ginia Tennessee South Carolina North Carolina Kentucky and West Virginia Although BL Terry died in 1947 the business has re mained in the family The BL Terry Co became Terry's Inc in 1947 and in 1948 the company was purchased by one of sons Payton John Terry is currently president of the business rom the home on Vance Street the BL Terry Co moved to State Street before settling on the present location at 1400 Newton St Plans for the future of the 50 year old company are bright according to Carolyn Terry Stevens "Even with the economy the way it is we're growing a whole lot she said The Paty Company began as Paty Lumber during the bitter cold winter of 1932 in Elizabethton Tenn John Paty Sr with five employees started selling lumber in the old Dixie Chair Co building there which he bought for $55 Paty Lumber has since expanded to Johnson City in 1936 Bristol in 1938 Greeneville in 1952 Kingsport in 1971 and Duffield Va in 1979 with the corporate offices in Piney lats Tenn The Bristol store is located at 941 State St The name became The Paty Company three years ago to indicate a broader line o'f merchandise The business' prod ucts now include not only lumber and plywood but also basic building materials plumbing and electrical materials appli ances paint hardware and component parts The largest independent building materials retailer in Tennessee the Paty Company after 50 years of business employs over 300 people and despite its changes and expan sion has remained family owned John Paty Jr is chair man of the board and John Seward Jr is president of thecompany As for the according to Seward the Paty Com pany has a seventh retail store for Pounding Mill Va in the planning stage By CHARLES CHAMBERLAIN Associated Press Writer ROCKORD Ill Money everything to Jerry and Debbie Weiner virtually nothing They simply use it With few exceptions the Weiners live without cash ac complishing everything through trade They just moved into a $120000 home in a nice suburb and furnished it without a cash outlay And contemplating living a full life they have arranged for a funeral site together through barter It began 15 months ago when they were married in Califor nia with about everything paid for on trade from the en gagement ring to the catering to ballroom rental to musi cians Hawaiian honeymoon and scuba diving Even the required legal bloodtests the minister car rent als flowers tuxedos dresses all were taken care of in trade was $10900 worth of wedding and the only cash in volved was about $300 for tips and sales said 40 year old Weiner who is even paying child support of a previous mar riage through barter is one of the oldest pro fessions Simply it's the exchange of actual goods and services for each other instead of The granddaddy of all trades was pulled off in 1626 by Peter Minuit a Dutch colonial governor who gave a tribe of Indians some trinkets worth $24 for Manhattan Island the only thing we pay cash for is Uncle Sam (taxes) and the phone company They take trade yet but working on said Mrs Weiner an attractive 24 year old bedecked in barter gained designer clothes and jewelry Last year for the first time taxpayers were asked to list from barter on all federal forms The Weiners came up through the ranks of Business Ex change a 20 year old California based group that has hit the computer age with about 65 offices and 15000 member busi nesses across the country an association of small business owners and me dium sized businesses that deal with one another through trade said Weiner who in a few months has expanded his Rockford area franchise to 125 businesses a member wants to buy something he goes to a store that is a member picks out the product he wants and pays for it with a trade New members pay a $345 entrance fee for a book of with accounts in giving them access to every conceiveable business and service in the system do everything a bank does but we do it on debits and credits of merchandise rather than hard said Weiner emphasizing that at a time of sky high interest rates barter creates a parallel economy not tied directly to the money system say a member and own a sports he said you want some printing done you go through our di rectory and find a member in the printing business to do the irms Marking Anniversaries paMLL 1ifc: i sS srO If 11 si 51 jsrlfl irst In A Series Consumer and economic education is the focus of National Consumers Week officially proclaimed by President Reagan to be observed this week beginning today the complexity of our economy con sumer education is not a luxury it is a responsi says Virginia Knauer special assistant to the president and director of the US Office of Consumer Affairs Mrs Knauer is public and private sectors to join together to promote dissemina tion of sound consumer education and informa tion She urges all consumers to learn more about buying saving and investment decisions and to improve their understanding of the role of consumers government and business operating in our free enterprise economy and with the global market National Consumers Week is an incentive for consumer citizens to learn more about hous ing credit finances nutrition and health care in addition to goods and services that affectthe American way of life ffi National Consumers Week April 25 May 1 1982 Dr Lillian Mohr director of consumer organizations on Mrs staff is plan ning special projects for the national event Dr Mohr is working closely with the Joint Council on Economic Education and has urged that busi ness and professional organizations join educa tional institutions to bring together previously unrelated groups to share ideas and informaion During this special week it is expected that committees will be formed and chairmen named to head up activities planned for local commu nities Mayors and governors will proclaim the week officially in their respective cities and states school superintendents and principals are encouraging activities that will be incentives for students to look more carefully into consum erism or example science classes will ana lyze certain products math classes will do exer cises in credit or comparison shopping and social studies and economics classes will discuss the implications of inflation or interest rates on the economy It has been suggested that banks and other institutions arrange for special seminars to ex plain to consumers better ways to handle their finances Money matters will be discussed with representatives of the savings and loan associa tions and the ederal Reserve System Real estate brokers and agents will help buyers and sellers understand the complexities of creative financing a key factor in any real es tate transaction today Health facilities and senior adult programs will be explained and expanded upon as citizen consumers work together to help each other maintain a diginfied lifestyle Because the economy has delivered a daz zling array of goods and services unparalleled at any time in history the American consumer is challenged to make difficult choices in the mar ketplace Consumer dollars in the marketplace together with citizens' ballots in the voting booths often determine the direction of our economy In his official proclamation designation April 25 May 1 National Consumers Week Presi dent Reagan states: informed and educated consumer is vital to the long term healthy growth of our economic system Consumer edu cation can help us make decisions that are right for ourselves and right for our economy It helps motivate young people to formulate more realis tic attainable standards for a higher quality of life It helps adults solve problems and make de cisions in our increasingly complex financial world And because consumer education pro motes responsible consumer behavior and cus tomer satisfaction it is beneficial for consum ers business and job the printing costs $100 you write a BarterChek foi it Th'e amount is debited against your Business Exchange account and offset by sales to members through your business You te chically have taken tennis rackets for instance marked up at full retail price say 50 percent and traded them for the print ing will only cost you $50 to replace inventory for the $100 of barter You have avoided a cash outlay and saved about $50 as The biggest barterer in the Rockford area is a lumber company which on some weeks does $2000 worth of trading said Weiner It was a big hefp in the spacious new home Qn the national scene Mrs Weiner got Republic Airlines into the system last year and Cal Air of Newport Beach Calif is a recent joiner She says Republic is doing 200 to 250 airline bookings a month on barter Weiner whose father was in the garment business in New York City learned to trade piece goods He sharpened the art by developing advertising and marketing systems for the hotel See MONEY Page 2D One Less Landmark: Cameo Theatre Set To Close I IMS' At The Cameo Theatre Was A Popular Attraction In The I' By WAYNE RICHARDSON Imagine a downtown Bristol that thrived! A downtown Bristol that was the pulse of the city where commerce and recreation met A symbionic relationship that existed to provide a close knit and prosperous union Imagine a downtown Bristol where the main recreation was provided at the train station the hotels and by the movie theatres the heart of mass media enter tainment before television isolated us in our living rooms or many Bristolians the above sce nario existed not in their imaginations but in their living reality But to paraphrase a certain TV commercial was a Bris tol that used to Next week the Cameo Theatre a part of that scenario for over 50 years will pre pare for final curtain call Thomas Curtin Jr and Darrell Pen dergrass co owners of the Cameo an nounced the theatre will close after Thurs day night due to economic reasons and the increased inability to obtain sufficient quality movies regrettable that this fine theatre must Curtain said increased expense of operation has for some time been mounting to the point that it is much higher than the income therefore it is just not profitable to continue to operate the The Cameo built in the early EDITOR'S NOTE: Wayne Richard son is a sales representative for Bristol advertising department and an avid movie goer In this article he takes a look at the scheduled closing of the Cameo Theatre was once just one of several downtown movie theatres Most Bristol residents re member the Paramount in heyday and others can recall the old Lee State Shelby and Columbia theatres The Cameo well known for Walt Disney and other family entertainment films out lasted them all Curtain explained that at the time he and Pendergrass took over operations of the Cameq nearly three years ago both the Cameo and the Paramount were avail able to them The Cameo though less spectacular and spacious than the Par amount which was built in the tradition of the grand old was in much better shape physically At first the new management tried of fering dollar movies of re released films and for a time it worked fairly well But it didn't bring in the 2 3 times what the $300 admission would which was needed just to break even Another problem that faced the Cameo was it's age especially for the film distributors who were reluctant to sell their new films to an old downtown theatre However under the new manage ment the theatre did start to make money for the first time in several years and the outlook was good The good last very long or the past two years the Cameo has been oper ating at a loss due in part to the high cost of movie rentals has reached the point where all the profit comes from the con cession states Curtin To some people the closing of the Cameo is just the latest in a series of set backs for downtown Bristol and rep resents the end of yet another Bristol land mark it's foolish to want to cling to the says one Cameo movie goer seeing a part of my childhood disappear I remember when it was fun to go there Times change I Although the Cameo will soon cease business there is a possibility that some one will reopen the building as a theatre or some other type of entertainment facility The strong sense of history and pride for Bristol's heritage shared by many of its citizens as evidenced by the renova tion of the Trainstation Marketplace the preservation of Buntings Drugstore and the future development of the old YMCA Building may' yet rekindle life in the Cameo as well as the Paramount Theatre Maybe there is a place in our future for a piece of our past.

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Pages Available:
1,056,754
Years Available:
1907-2024