The Hereford Brand (Hereford, Tex.), Vol. 80, No. 112, Ed. 1 Wednesday, December 9, 1981 Page: 3 of 18
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The Heretord arand -Wednesday, Decmber 9, 1981-Pap SA
BY BOB WEAR
looking for a better profit on
economy.
"To hear always, to think
is
Meet current needs. Some always, to team
Parties Mark Lennon,s Death
16
laykkxkEHDnnRoedi
54
WAREHOUSE PRICES and SUPERMARKET SERVICE
2827 WESTERN - AMARILLO
PRICES EFFECTIVE THRU DEC. 12,1M1
105 PARK, HEREFORD
FOLGERS FLAKED
CALIFORNIA GREEN PASCAL STALK
Coffee
Celery
$189
39*
\
13 OZ.
EACH
CBS Wins Ratings Race
TOTINOS FROZEN
GREEN CALIFORNIA
4
99*
10*
LD.
i. And
popular sports pr
79*
CLOSEUP
Toothpaste
3
$109
6
£
I
A - '-J
X
65
ASSORTED
FLAVORS
115 OZ.
or OFF)
8.2 02.
REG. FLAVOR
1101
Richard Slwrppard. "D5
General Dentistry
does not require a sustatned
maximum effort, but there
must be effort adequate to
margin.
For CBS, it was the second
straight first-place tinish in
the weekly competition, after
swapping the lead twice in
four weeks with ABC.
John Burgess, consumer
protection specialist with the
mint be kept moving along,
in order to remain upright It
is much the same with us.
because we must keep mov-
ing along; in order to find
reasonable satisfaction to Uv
way. but thia will not mean
that we are falling in fact,
the life lived well in the
greatest accomplishment of
NEW YORK AP) - CBS
won the networks' ratings
race for the second straight
week, thanks mostly to a one-
two finish by "• Minutes”
and "Dallas" and six other
shows, including the new
"Falcon Crest," to the Top M.
figures from the A.C. Nielsen
Co showed.
ABCs NFL Monday Night
Football" game between
Philadelphia and Miami plac-
ed third in the week ending
Dec. 6. an extraordinarily
high finish for the normally
all
GREAT
By RICK HAMPSON
Associated Press Writer
One year ago Regina Wilde
stood on the same New York
City street near the same
police barricades, staring
through tears at the dark
gateway where John Lennon
was murdered
But on Tuesday the 23-year-
old college student returned
to the Dakota Apartments for
a party, not a wake. on the
first anniversary of the
former Beatle s death.
"Last year I felt sorrow
Someone close to me had
died," she said, cupping a
candle with her hand to shield
it from the raw night wind.
“This year I feel happy. This
is a tribute. He will live
forever and ever and a day.”
The feeling was the same
around the world that John
office had 625 loan accounts
and net loans receivable of
about 850,000, according to
stale statistics
The success formula for
some signature loan offices is
partly based on a steady
stream of clients willing to
borrow at high interest rates
Borrowing IMO for a month
costs $14 in interest charges
The same amount on a six
month loan would amount to
a payback of $134
nghl combination of honest
people You try to counsel
your clients to where they can
get back on their feet instead
of abusing their credit," he
said
He has also seen potential
profits evaporate into the un-
collectables file. especially
when borrowers declare
ureatest accomplish
all
challenge to "Dallas," last
year's winner and the top-
rated show five times to the
first seven weeks of the cur-
rentseason.
"Dallas" still leads "60
Minutes" for the season to
date, though by a slim
Texas. Kaplan said
The state Consumer Credit
Commissioner regulates
small lenders like El Paso’s
Money Store, Friendly icans.
Pocket loan Service or Cen-
tral Finance Co as strictly as
bigger lenders
El Paso has about 20
signature loan companies,
only a fraction of more than
600 small loan companies
licensed in Texas The firms
are owned individually or by
a corporation or partnership
Small loan offices in Texas
peaked at 716 in 1978. Twenty
felt. This year many people
are coming to get in front of
the cameras."
Joseph Erdelyi Jr., 70. held
a placard advertising sheet
music for his "John Lennon’s
Requiem" for 15 each
Yoko Ono. Lennon’s widow,
had left the Dakota, reported-
ly for a day of meditation
with their son Sean. 6. at their
Long Island estate
doned their climb after of-
ficials of the 45-story building
agreed to let the banner hang
for the day.
But as soon as they were on
e
The Abundant
Life
and paraded on the dollars
that come from San Antonio's
poor people." says coun-
cilman Bernardo Eureste
“People who can least afford
it are fooling the bill for the
Fiesta Commission."
The city councilman pro-
posed an alternate method of
financing for the 1982 Fiesta
and said he would call for
boycotts and pickets if the
Fiesta Commission and other
council members do not go
along with it.
About 65 percent of the
commission's income is
generated by the Fiesta Car-
nival. which grosses about $2
nullion from a crowd that is
mostly “Mexican-American
... from the poor and modest
backgrounds." Eureste said
The Fiesta Commission
had been scheduled to meet
Monday afternoon, but the
meeting was cancelled after
Eureste conducted a news
conference to lodge his com-
plaint
ANSWERS______
0 go ya go Jp |
AC
2
tour
Kendall Tabor
Foot Specialist
Podiatrist
AwooteteS with
Dr. WUttam Watson.
Announces the opening
of his practic.
Wednesdays only In the
office of Dr. M.C. Adama.
335 N. Miles
364-2255
EASY TO PEEL
Tangerines
RWE. Park Avenu
Se Hable Eapaol
We Aecept
Insurance Aserignment
3647490/55
Match the following 1981
Pulitzer Prize winners with
the categories in which they
won the award.
1. Mike Peters, 2. Teresa
Carpenter ». Beth Henley.
4. John Kinosty Toole. 5
James Schuyler
(a) feature writing (b)
American poetry (c) fiction
(d) editorial cartooning (e)
drama
HEINZ
A Bar-B-Que Sauce
-m{ 7
haF
, - 1
, . s
"The risk they lake is
greater but their return is
greater Some years, the
return is so goad that a lot of
these companies don’t even
check the Credit Bureau
when you borrow money."
At the same time, very few
small lenders want to make
bigger loans because interest
rates and profits slide
downward as the amount of
credit increases
Lemens. the industry
spokesman, said profits
averaging 5 or 4 percent also
justify the more expensive
money
“These companies have to
make a living. So if you cut it
any lower, they can't
242 <e,
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weergryoorhig
‘Poor People’s Banks’ Flourish In El Paso
people move along tester. thus that we live truly: be
and some seem to do better who aspires to nothing, ami
than others; but this is of no learns nothing, is not worthy
particular siynificance. of living."-A Helps.
Some persons are overly We must know that life is to
ambitious, and eventually be lived in the present, but
tall by the way. They are not that It is constanty movine
satisfied with a sensible pace, toward the future Abundant
but constantly overextend living can be neither static,
themselves The people who nor regressive, and not
are reasonable, and wise. and digressive: but must be tart
sensible just keep moving damentally and essentially a
along Thu is living life of moving along accot.
There are other failure, ding to the best time-tested
but we must keep moving way; but this will not mean
along. that we are tailing, la tert.
The Forward Movement the Ilfr lived well to the
OOPS,
WE GOOFED
. 1%,
2QGQUNRTEAS, I
20IBLETSG2EXTNA
mg The scenery may change COMPLISHIMENTS, as
now and then, and the details are generally defined,
of the way may change, too; not necessarily mark
The World of Health advertisement
which appeared in the Sunday,
December 26th edition of the
Hereford Brand was inadvertently run
on the wrong date and subseauently
made the store’s prescribed
Pre-Inventory Sale deadlines past
and void.
We are very sorry for any
inconvenience this may have
caused you.
The Hereford Brand
it
lumens defends small bankruptcy
credit lenders. saying they Until May. signature loan
are law-abiding businesses companies only loaned up to
upholding professional stan- 1100 But the Legislature,
dards and ethics and serving with a little persuasion from
a vital role in a community 's the small lending industry
operate," he said.
The state is adamant about
enforcing credit law viola-
tions and not allowing arm-
twisting collection tactics,
such as threatening Mexican
borrowers with jail terms if
they do not repay their loans.
Burgess said
Burgees said he rarely gets
complaints about signature
loan customer abuse or
unscrupulous business prac-
tices
“Some of these companies
are going to be forceful like
any other business to get _________________
their money back But we They are the people who are guidelines,
don't have people being abus- not willing to put forth suffi- The Distance we hove gone
ed physically as far as we dent effort to keep moving to not very important, but His
know, he said " alon. They, for a variety of extremely important that our
differing reasons, stow down movement to in the ripht
mdadm. and drop out. Some may be direction it can be
h94ga3a*u quitters, and others are too Bob Wear
“2620228002 easily discouraged Whatever
ihVe "• the reaeon, they do not seem
«2‛ •MA to realize that the living to in
the moving along
Moving along to not move-
ment away from the things
which are true. Mid good, and
A.nat a basal km moamant Ahat
decene, •ue IN «uNUvEuacu mom 4
to sustained by these time-
proven sources of light and
strength. It is not drifting; it
is not some type of competi-
tion. but is uniquely the pace
that is best suited to each in-
dividual
Lennon helped change Joy the ground, officials bunched
that his words and music en- up the banner and hauled it
dured seemed to be replacing inside A lunchtime crowd of
sorrow over the burst of several hundred cheered the
madness that ended his life a protesters and booed when
year earlier, the banner was removed.
In Lverpool, the cradle of The 30-foot hand-painted
Beatlemania, it seemed like doth pennant said "Imagine
1965 again when a local band No Arms," a reference to a
kicked off an outdoor concert Lennon song and viewpoint
tribute to Lennon with the At the Dakota, where Len-
Beatles' "Eight Days a non lived and finally died at
Week.” the hand of Mark David
Teen-agers jumped up and Chapman — who is serving a
down and screamed, and a 20-year to life-in-prison
few fainted, Just as others sentence - about 400 people
Lemens said most
signature loan companies
would go brake if they "loan-
ed to everybody that didn't
pay their debts "
All they have to collect
with is just goodwill between
the customer and the
manager of a loan office." he
said
2
four of those had gone out of state regulating agency, said
business the following year the stale sets higher interest
In 197P. the average rales on signature loans
signature loan office in Texas because of the bigger risk of
had 499 accounts and loans lending money to people that
receivable amounting to bigger companies may re-
$36,000. By 1979. the average ject
Poor Folks Pay
While Wealthy Play
By RAMON RENTERLA
El Pass Tuan Writer
El. PASO. Texas APi -
They are the little boys" of
the Texas credit industry,
playing a competitive game
in a world of instant cash.
You find them sandwiched
between bars and economy
dress shops. next to taco
stands and side by side in
some places along streets
congested with pedestrians
“Consufirms" signature'
loan companies - salvation
pit stops for people too poor
or too desperate to get credit
elsewhere - are common
along El Paso's San Antonio
street as well as in the
Downtown districts of Dallas.
Houston. Austin Longview
and McAllen
Vernon Lemens, general
counsel for the Texas
Finance Institute in Austin -
trade association for small
lending companies - calls
them the “poor people's little
bank." catering often to peo-
ple trapped in a lower income
bracket
Signature loan companies
loan money without security
to people with good and not-
so-good credit ratings A
typical client could be a
maid, an American soldier, a
Ciudad Juarez, Mexico,
school teacher or an expec-
tant mother needing quick
money.
“We used to have loan its investment. has increased
sharks in Texas but that's the loan ceiling to $250 to give
long past A loan company borrnwers more buying
that abused the customer now power
wouldn't stay in existence After 13 years in the
long enough to pay his bills. ' business, Gutierrez worries
he said whether the bigger loans will
Armando Gutierrez, help when wages for his
manager and part owner of habitual clients have not kept
El Paso Loans, is convinced pace with living costs
many of his customers could His business is part of a
not buy groceries or make corporation owning about a
ends meet without the instant dozen similar operations
cash lure of signature loans throughout the state
Let's face it, most of them David Kaplan, part owner
needing this type of help are of Union Finance, said the
Mexican people." he said small lending business is not
"H's pretty hard for some as profitable as some people
people I've seen people that suspect,
have done IM loans or more Some of these companies
in this type of business." are hardly surviving There's
Gutierrez said profit can be about 10 to 15 percent un-
made in the competitive collectable If somebody
signature loan business doesn't want to pay, there's
“But vou have to get the little you can do in the state of
J
is" A
-Mm
" ' *.0 •
1' -i
• 2' " •<
had 20 years ago. A dozen sang Beatle songs, held
girls crushed in the gyrating candles and talked about why
crowd were pasaed head over they came
head toward ambulances, "I don't know how I would
which took two of them to a have handled it if I was able
hospital for treatment of rib to make it (last year)," said
injuries Scott Smith, 17, of Madison.
The celebration. attended N.J “It goes all right with me
by about 3,000 in near- now The impact is over I've
freezing temperatures, ended had time to get used to it "
with a five-minute Greg Hoffman. 16. of
candlelight vigil, Brooklyn, said the anniver-
In San Francisco, two sary was different" because
climbers marked the an- last year people didn't come
niversary by scaling eight because of publicity, they
floors of a skyscraper and un- came because of what they
furling a banner calling for
an end to the nuclear arms _____________
race. Edwin Drummond, 36. The Word Atman nr
and laa Simnacher, 21. aban- e’ev-w-I
Succesaful living and bicy- Great accomplishuments, as
de riding have at least one such are generally defined,
thing in common The bicycle will not necessarily mark our
SAN ANTONIO. Texas
i API — Poor Mexican-
Americans are footing a
disproportionate part of the
expense for putting on the
10-day Fiesta celebration
each year, a city councilman
charges
“Fiesta queens and kings
are being promoted. crown-
ed. dined, wined, chauffered
I
- _V • LN
a.
. 39*
there wss a promising sign
for struggling NBC - the net-
work's new "Bret
Maverick.' starring James
Garner, finished seventh for
the week
it was the second con-
secutive No 1 finish for "80
Minatos," and the
. newsmagazine, primeztime
champion for the 197940 TV
year, seems to be mounting a
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Nigh, Bob. The Hereford Brand (Hereford, Tex.), Vol. 80, No. 112, Ed. 1 Wednesday, December 9, 1981, newspaper, December 9, 1981; Hereford, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1477551/m1/3/: accessed July 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Deaf Smith County Library.