Garber Free Press (Garber, Okla.), Vol. 75, No. 15, Ed. 1 Thursday, January 9, 1975 Page: 3 of 4
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Mr. and Mrs. Earl Evans ofMrs. Evans are both graduates
Bell Plains, Kansas, visited Sat-of the Billings High School,
urday with Mrs. Delta Jupe.Barbara is the daughter of Joe
Enroute home they stop- and Hazel Vecera, formerly of
Billings,
ped in Garber and visited Mr.
and Mrs. Jay Falke. Mr. and FREE PRESS ADS SELL IT!
JANUARY, 1975
BANKING
IS EVERYBODY’S
BUSINESS •
* **
A Christmas Club—The Pros And Cons
Does the scramble for
Christmas funds this year have
you robbing Peter to pay Paul
and consuming larger quantities
of aspirin than you like to ad-
mit? If so, you could be con-
sidering a Christmas Club sav-
ings account for next year and
should have some solid data on
which to base your decision.
In 1974, some 19 million
consumers opened Christmas
Club accounts in financial in-
stitutions across the country,
and, says the American Bank-
ers Association (ABA), they
each saved an estimated average
of $205 over the 12-month pe-
riod.
Why did these people pump
more than $3.75 billion into
club accounts rather than regu-
lar savings? For most of them,
the advantage came from the
psychological pressure of hav-
ing a coupon to turn in with
the weekly or bi-weekly pay-
ments. The result? Forced sys-
tematic savings for individuals
who find self-discipline is not
one of their strong points.
It’s interesting to note that
many of these depositors did
not receive any interest on
their savings, and yet preferred
the non-interest earning club
account to a regular savings ac-
count for building Christmas
funds. Fortunately for these de-
positors, the number of finan-
cial institutions offering interest
on club accounts is increasing
yearly and is now up to about
45 per cent.
The ABA points out that
even without interest, the club
account is a true public service.
Federal Reserve Board statistics
show that only the very largest
banks, with deposits over $200
million, make any profit on
club accounts. Why? The cost
of maintaining the account is
simply larger than the profit
that can be made from invest-
ing such a small amount of
money. As a matter of fact,
small and medium-sized banks
lose anywhere from $0.76 to
$1.07 per account before paying
interest.
If you feel the need for a
push into systematic savings,
you should be aware that you
will be signing a contract which
includes certain rules and regu-
lations. Generally these are
printed on the inside back cover
of the coupon booklet and in-
clude such things as your
agreement to forfeit interest
(where offered) if you do not
complete the one-year payments.
You should also know that
the maximum interest rate
banks may pay on club ac-
counts, as on any passbook or
statement savings account, is 5
per cent per annum. This
amount is set by law. And yet
you can and should shop around
for the best possible interest
yield. This is affected by the
method of compounding your
interest Daily compounding of-
fers the best return, with month-
ly, quarterly and annual meth-
ods running after in that order.
You may be sure, says the
ABA, that your funds in a
Christmas Club account are
safe. As with all deposits in in-
sured banks, they are covered
up to $40,000 by the Federal
Deposit Insurance Corp.
AN OKIE
in
WASHINGTON
from the desk of
Senator DEWEY BARTLETT
Recently, Ann and I spent
two and one half days at the
United Nations in New York
ns guests, along with other
members of Congress, of
Johns Hopkins University.
The tight security estab-
lished two days earlier for
Yasir Arafat was still in
effect.
Shortly before our visit, the
U.N., in two-decisive votes,
suspended the nation of
South Africa from active par-
ticipation in the General As-
sembly and accorded Yasir
Arafat the privilege of ad-
dressing the General Assem-
ly, previously reserved only
for the heads of state.
Our nation opposes the dis-
crimination practiced by South
Africa, but It's obvious that
serious discrimination prac-
ticed by other nations has
not been a condition of ac-
tive participation in the Gen-
eral Assembly—for example,
the Soviet Union’s discrimina-
tion against Christians and
Jews throughout their coun-
try.
Besides, the suspension is
clearly illegal and sets a
disastrous precedent.
Recognizing the head of the
Palestine Liberation Orga-
nizaUon—an avowed terrorist
organization-is demeaning to
the member nations of the
U.N. and to the organization
itself. What does this mean?
The full implication may not
be clear. But certain conclu-
sions and speculations can be
made.
Certainly the developing
nations—the so-called 77 na-
tions, now numbering nearly
100, clearly are in command
in the General Assembly.
These nations by such Irre-
sponsible acts are ignoring
both precedents and the
U.N. charter itself.
The developed nations,
clearly in the minority, are
frequently Ignored and in-
sulted.
The United States, and pos-
sibly other developed nations,
are considering how to object
more strongly to the suspen-
sion of South Africa than the
arguments expressed so far.
The Western countries no
longer have the muscle to
influence the rest of the
world. However, some believe
that economics and not poli-
tics will be the Important
issue of the future. In this,
the Western countries are im-
portant to the developing na-
tions of the world.
I
1-15 Ilk City
3
City-Wide Clearance
GOT AN
IDEA?
* * *
If you have ideas or sugges-
tions on the projects RED
CARPET COUNTRY should
undertake during 1975, write
'em down and mail to:
RED CARPET COUNTRY,
Roman Nose State Park,
Box 668,
Watonga, Okla. 73772.
★ ★ ★
6
6
Weatherford SW Basketball Classic;
High School Basketball
Elk City FBLA Stew Supper
Woodward Chamber of Commerce Banquet
8-9-10 Weatherford Spring Enrollment at SWOSU
9-11
9-11
11
13
Beaver
Clinton
Invitational Basketball Tourney
High School Basketball
The day will end with a Ball
honoring the new Governor and
his family from 8 p m. to mid-
night at the Myriad Convention
Center. Guests will be enter-
tained by three bands, in three
different areas of the center.
Dress is optional.
Tickets for the Ball may be
obtained from the Inaugural
Committee, at a cost of $2 50
each. Funds not used will bene-
fit the Oklahoma Tuition Aid
Grant Program.
The Garber Free Press 3
Garber, Garfield t ounty, Okla.
Thursday, Jan. 9, 1975
is bigger than transportation,
steel and auto industries com-
bined and that’s big business.
IB
Mooreland District Share-The Fun Contest
Elk City
13-18 Elk City
14
14
18
18
Enid
Oklahoma District Judges
Conference
Jr. High Basketball Tournament
YWCA Membership Banquet
Weatherford Chamber of Commerce Banque
Did you know that farming is
the biggest single industry in the
numbers of people employed? It
SAVINGS
Elk City
Chamber of Commerce
Installation Banquet
Woodward Hank Thompson Show, Dance
18-19 Laverne
19 Elk City
21 Enid
23-25 Clinton
25
27
30
9A
Romans Elected
Judge for Div.I
Court of Appeal
Judge Richard E. Romang
from Enid, was elected on De-
cember 31, 1974. to be the Pre-
siding Judge for 1975 of Division
I of the Court of Appeals of the
State of Oklahoma. The Court
of Appeals has two divisions of
three judges each. Division I is
located at the State Capitol, and
Division II is located at Tulsa.
Each division operates independ-
ently of the other.
The Court of Appeals handles
civil cases on appeal that are
assigned to the respective divis-
ions by the Oklahoma Supreme
Court. A decision of a division
of the Court, when final, is not
appealable to the Supreme
Court. However, such decisions
may be reviewed by the Su-
preme Court when a majority of
its justices direct that certiorari
be granted.
The backlog of civil cases on
appeal has been reduced consid-
erably since the Court of Ap-
peals became operative on Jan-
uary 11, 1971.
Judge Richard E. Romang
practiced law for twenty-five
years during which time he
served twenty-two years as a
State Representative and State
Senator in the Oklahoma Legis-
lature from Garfield County,
before being elected to the Court
of Appeals from the 6th Con-
gressional District.
Farmers are big customers.
Thousands of towns and small
cities across the country could
not exist if deprived of the trade
farmers provide. Farmers spend
over 40 billion dollars a year for
goods and services. They also
spend 13 bililon a year for the
things city folks buy such as food,
clothing, furniture, medicine,
etc. Five billion is spent for new
equipment; 4.2 billion for fuel
and lubricants; 7.9 billion for
seed and feed; 2.1 billion for
fertilizer and lime.
CONDENSED STATEMENT OF
BANK OF GARBER
Garber, Oklahoma
December 31, 1974
ASSETS
Loan and Discounts
Federal Reserve Bank Stock
Furniture and Fixtures
Investment Representing
Bank Premises
Other Assets
Cash Assets:
Cash and Due
from Banks $360,881.64
U. S. Securities 963,461.62
Securities of Fed-
$ 595,396.33
4,200.00
5,748.31
9,000.00
30,888.78
Capital Stock
Surplus
LIABILITIES
Undivided Profits
$
50,000.00
100,000.00
41,705.83
eral Agencies
Federal Funds
Sold
389,650.64
200,000.00
Municipal Bonds 39,656.50
Total Cash Assets
TOTAL ASSETS
1,953,650.40
$2,598,883.82
Deposits
Other Liabilities
TOTAL LIABILITIES
2,404,677.99
2,500.00
$2,598,883.82
The above statement is correct. — Edgar W. Pralle, Vice President and Cashier
Walter E Pralle, President Edith B. Pralle, Vice President W. F. Pralle, Vice President
MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION
Cerebral Palsy Telethon
Elk City School 'Pops'
Band Concert
United Way Dinner
Jr. High Basketball Tournament,
S.W. Playhouse Dinner Theatre
Woodward District 4-H Clubs
Ponca City Annual Chamber Banquet
Laverne Oklahoma City Symphony
30-Feb. 5 Woodward Billy Graham Film
ad Carpet
Country
Where you’ll enjoy
‘ Wall to Wall Hospitality"
Gov-Elect Boren To Have
Open Inaugural Jan. 13
An open inaugural on Janu-
ary 13 will be the first move by
Governor-Elect David Lyle Bor-
en to open state government to
the people of Oklahoma.
“Governor-Elect Boren re-
quested that inaugural activities
be open to every Oklahoman,
and we have planned the inaug-
ural events with this mind," said
Edward H. Cook, Chairman of
the Inaugural Committee.
"There will be no invitations,
and a minimum of reserved
seating. A nominal charge will
be made for tickets to the In-
augural Ball. All other events
will be free and open to the
public. We want everyone in-
terested to be able to attend,”
Cook added.
“No alcoholic beverages will
be served at any of the Inaug-
ural events,” Cook said.
Inaugural events actually
start Sunday evening from 5 to
9, January 12, with an Evening
of the Arts at the Oklahoma
Theatre Center, Sheridan and
Walker, in Oklahoma City.
Works by Oklahoma artists will
be displayed throughout the
Antelope Valley
News
bv Mrs. Maggie Cook
Mr. and Mrs. Lawrence Vette
of Lahoma visited her mother,
Mrs. Elsie Semrad, Sunday af-
ternoon and on Monday, Mrs.
M. V. Schulz called.
Mrs. Catherine Wade’s grand-
daughter, Gig ie Kay Payne of
Tulsa, spent the past week with
her.
Paul Schnaithman visited his
mother, Mrs. Gladys Schnaith-
man, Monday evening.
Mrs. Maggie Cook and Mrs.
Elsie Semrad were dinner guests
of Mr. and Mrs. Albert Schnaith-
man on New Year’s Day. They
also enjoyed the Tournament of
Roses parade.
Mrs. Gladys Schnaithman was
a New Year’s guest of Mr. and
Mrs. Glenn Atwood in Perry.
Mrs. Elsie Semrad visited Mrs.
Cook Wednesday morning.
Mrs. Eddie Watson of Enid
visited her mother, Mrs. Cath-
erine Wade, Sunday.
Mrs. Cook visited Mrs. Hettie
Enfield Tuesday afternoon.
Mr. and Mrs. Glenn Atwood
and son, John of Texas, Mr. and
Mrs. Myron Schnaithman and
family were Friday dinner
guests of Mrs .Gladys Schnaith-
man.
Mrs. Catherine Wade and Mrs.
Bob Holt visited Mrs. Cook Sat-
urday evening. Mrs. Wade call-
ed on Mrs. Elsie Semrad also.
There were 40 present Sunday
morning for services at Antelope
Valley. A special number was
given by LaDonna Harman. The
fellowship luncheon was enjoy-
ed by all with Mrs. Walter Dunn
and Mrs. Walter Hasselwander
as hostesses. In the afternoon
Mr. and Mrs. Bill Crozier of
Oklahoma City showed slides of
Germany where they spent
their honeymoon visiting a cou-
sin and others there.
Center, while the Oklahoma
City Symphony will perform on
the Thrust Stage and various
plays will be presented on the
Arena Stage. Glee clubs, con-
cert bands and other groups will
be featured. There will be no
admission charge.
The accent on Oklahoma art
will be continued from 10 a.m.
to 4:30 p m. Monday at the State
Capitol Day of the Arts, with
more displays and performances
throughout the Capitol.
Inaugural day will begin at 9
a.m. with an Interdenomination-
al Religious Service in the Okla-
homa Baptist University Raley
Chapel in Shawnee. Governor-
Elect Boren was a faculty mem-
ber and Chairman of the Gov-
ernment Department at the Uni-
versity. The service is open to
the public and will be led by
state leaders of several denomi-
nations.
The Inauguration, on the south
steps of the State Capitol, will
begin at 11 a.m. with entertain-
ment by the Oklahoma Military
Band, the combined Seminole
County high school bands, and
the bands of Oklahoma and Ok-
lahoma State universities. Cere-
monies will begin at 11:30 a.m.,
with the swearing in of the gov-
ernor, lieutenant governor and
other state officials scheduled
for noon.
Reserved seating is being held
to a minimum, and unused re-
serve seats will be open to the
public at 11:30.
A public reception for the new
state leaders will be held from
1:30 to 4:30 p.m. in the Blue
Room of the Capitol.
MILLER
Tax Consultants
OPEN MON. THROUGH SAT. 9 A.M. - 5 P.M.
Phone 683-2259
New Location
1/2 BLOCK NORTH OF SCHOOL
TIONS
INCEME
We offer a wide variety of Wedding
Invitations and Announcements in a
complete line featuring ....
Choice of Plain or Panelled Stock
Also Embossed Stock in Silver or Gold
17 Beautiful Type Styles
Raised Letter Printing
Most Popular Sizes
One Week Service
Reasonable Prices
Garber Free Press
Resolve to give
yourself more
convenient
telephoning
this year....
It’s done with extension phones
Put them where the family works. Extension phones
are for busy people because they save so much
time and so many steps that they actually earn their
keep. Put them where the family relaxes. When
busy people relax at the end of a hard day, they
deserve the convenience of extension phones in
quiet places where they can visit by telephone while
they rest.
Ask the Folks st Your local Telephone Business Office
about Extension Phone Convenience
, PTONEER TELEPHONE COOPERATIVE
f - ***WONA OFFICERING: RO
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Stoll, August G. Garber Free Press (Garber, Okla.), Vol. 75, No. 15, Ed. 1 Thursday, January 9, 1975, newspaper, January 9, 1975; Garber, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc2248869/m1/3/: accessed June 11, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.