Leopard Tales (Temple, Tex.), Vol. 35, No. 19, Ed. 1 Friday, February 20, 1981 Page: 4 of 4
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February 20, 1981
Page 4
Credit ratings take time
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Students fear cut
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A place to relax and have a good time
Pinball
Dancing
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12 South 2nd Street
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Jazz guitarist
to open
Fest Feb. 24
BY DEBBIE THOMAS
ASSOCIATE EDITOR
“A delinquent credit rating follows a
person for a long time, so it is best
never to get over in debt.
“One of the easiest places to receive
credit is at a jewelry store,” said Clark.
According to Susan Messer of
Kruger’s “We don’t say you can’t have
credit, but we like to have at least one
reference. If a minor wants to open an
account, he must have his parents co-
Herb Ellis, one of the world’s top
jazz guitarists, will perform at the
Spring Guitar Festival on campus.
The festival will open Feb. 24 with
Ellis’concert in the Fine Arts Building
Auditorium and will include a series of
other concerts, clinics and a student
recital during February, March, and
April.
Ellis also will conduct a stage band
festival and clinic for area high school
and college groups. The all-day clinic
will be at TJC and will include both
morning and afternoon sessions.
The second concert in the series will
be presented by Rodger Bennett, at
noon, Feb. 25, in the Backstage
Theater. A member of the music
faculty, Bennett came to Temple in
1977 as an affiliate artist in residence.
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Located near Gibson's in
the South Loop Shopping
Center
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WE HAVE
CLIFFS
NOTES
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Pool Tournaments Fri. at 9:00 p.m.
He came out of Galveston riding the
rails. All he owned was an iron will and
two fists of black steel. But he could
take it and dish it out and he could hit.
He hit like a hammer. He hammered
them down, all of them, one after
another. Then he hammered down
Tommy Burns in Sydney and he was
the champ.
Black Americans, not long out of
the chains, could not rejoice. For a
sign of pride caused the hoods to be
drawn and ropes to uncoil. The
hounds of the dark ran through the
cities of the North and the South in
1908.
Jack Johnson crossed the line and
won the heavyweight championship. It
took only 14 rounds for Johnson to
knock down Burns, but the echo of
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those steel fists rang on for years.
So soon after slavery, all the fears of
“the man” were aroused by the spectre
of the rising black.
Still, there was hope. Jim Jeffries,
the undefeated, “the man”knew would
reclaim its crown. Out from retirement
he came. After all, was not Burns but a
custodian of the crown. Jeffries would
put that uppity Johnson in his place.
Hope went down in 15 rounds at
Reno in 1909 on the Fourth of July
under the hammers of steel. Things got
worse.
Legislation tried to remove Jack’s
crown. The films were not shown, and
Teddy wanted to abolish the game.
Johnson was hated and he was loved
and he did not care.
He flashed large diamonds, drove
big cars and showered money in his
wake. Other men’s creeds were not his
own and he could not, would not, bow
his head.
“1 am not a slave,” he said. “I have
eyes and a heart to choose without the
dictation of man.” Trouble with
women, trouble with the law drove
him out of America.
Then he got old, but he fought the
giant a vicious fight for 26 rounds and
lost. Jess Willard got the crown back
in Havana in 1915 and hope was
finally appeased.
For five more years Jack stayed
away, but pride drove him back to his
home and to jail. Broke, with no title
and no wife, all he could do was fight.
Until he was 68 years old he stayed in
the ring, but the title never came back.
Not much money, never a lot, but he
had his big car and he died in it and he
never bowed his head.
He gave them all a sense of pride but
he also caused much strife. Things
could have been different, but what
else could John Arthur Johnson do?
He was a prize fighter, a great one and
that fact is often forgotten. With his
iron will, fists of steel and unbowed
head his place in ring history was well
earned.
sign. When it is paid off we will change
the account to his name.
“Employment for three months,
either full-time or part-time, or
another source of income is usually
required when you do not have a co-
signer.”
“Start at smaller businesses and
work your way up to larger credits,”
said Clark.
Steel fists broke
• . ..
color bar in 1908
EDITOR S NOTE: This is the
second of a series of articles
observing black awareness
month.
BY JIMMY CLEMETT
SPORTS EDITOR
College students, who have never had
credit but suddenly find they need it,
can’t get it.
TJC student Ronny Ford has paid
off one car and is now paying off
another. He has these car loans in his
name, a bank checking account and a
credit card from Zales, yet he was
turned down for a credit card at J.C.
Penneys for “lack of references.”
It seems college students would be
the ideal choice to give credit since
they are usually beginning to make
and spend money.
But establishing credit takes time.
According to Jackie Clark of the
Temple Credit Bureau, “People of all
ages have problems getting credit at a
large department store or obtaining
VISA or Mastercharge cards.
“Even wealthy elderly people who
have never had to use credit often
come in and are turned down. They
have no references since they have
always paid cash.”
A person legally cannot be turned
down for credit because of age, sex, or
race.
“It is easiest to start credit at small,
locally owned stores,” said Clark.
“After three to six months this
favorable credit rating can be used as a
reference at one of the larger stores.”
Department stores such as Sears
and J.C. Penney send their
applications to Waco and Dallas
where a point system is used to
determine whether or not credit will be
granted.
Clark said, “Credit records, good or
bad, can be referred to for seven years
from the last transaction.
CRYSTAL PALACE |
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One reason some students have
problems getting loans is that many
private lending institutions such as
banks, that formerly offered student
loans under the Guaranteed Student
Loan Program, have gotten out of the
student loan business “because of
paperwork,” Raffetto said.
Student loan programs that could
be affected are the Guaranteed
Student Loan Program and the
National Direct Student Loan
Program.
Under the Guaranteed Student
Loan program, the student obtains a
student loan through a private lender
such as a bank or credit union. When
the student has finished school and is
earning wages, he repays the money
and interest. In case of permanent
disability or death of the student, the
federal government will repay the
loan.
Through the National Direct
Student Loan Program, the student
receives a loan directly from the
federal government after he has been
unable to receive a loan through
private lending firms.
Sandra Taylor, student loan officer
for the Temple Federal Credit Union,
said, “We have plenty money to lend to
all students who are eligible under the
Guaranteed Student Loan Program
and are members of the credit union.”
Both Raffetto and Taylor said that
in the last year the state of Texas,
through the Texas Guaranteed
Student Loan Corporation, began to
maintain guaranteed student loans.
Over the next five years, the state of
Texas gradually will gain complete
control over all guaranteed loans in
Texas.
Raffetto said that several years ago
there were numerous lending firms
offering student loans.
Changes in federal aid programs
will be affected in the 1982-83
academic year by The Higher
Education Amendments Act of 1980,
signed by President Carter last
October.
The student aid programs affected
are Basic Education Opportunities
Grants (renamed Pell Grants),
Supplemental Education Opportuni-
ties Grants, The College Work Study
Program, and the National Direct
Student Loans, according to Robert
Jacobson in the Nov. 3 issue of The
Chronicle of Higher Education.
According to Jacobson the new
higher education law will mean many
low- and middle-income families may
pay proportionately more to send their
children to college. More-affluent
families could pay proportionately
less.
Raffetto said he has tried to reassure
worried students that he does not feel
there will be drastic changes or cuts
that will keep students needing
financial aid from attending school.
Within the next week or two,
Raffetto said, he expects word
concerning the new higher education
laws. He said that as he receives
information he will notify the Leopard
Tales.
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Leopard Tales (Temple, Tex.), Vol. 35, No. 19, Ed. 1 Friday, February 20, 1981, newspaper, February 20, 1981; Temple, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1380187/m1/4/: accessed July 12, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Temple College.