The Giddings Times & News (Giddings, Tex.), Vol. 100, No. 27, Ed. 1 Thursday, December 28, 1989 Page: 8 of 18
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Page 8-Giddings, Texas, Times & News-Thursday, December 28, 1989
MELANIE SCHIMANK AND CHRISTINE SCHUBERT
4-H News
BY BARBARA "B.K." WAGNER
LOCAL 4-H‘ERS HONORED
AT DISTRICT BANQUET
Melanie Schimank and Christine
Schubert were among the honorees
at the 1989 District 4-H old Star
Awards Banquet in Austin on Nov
18. Having previously been named
winners of tne highest county 4-H
club achievement award in Lee
County, these local 4-Hers were
among Gold Star Award winners
from 17 other counties in the district.
The district program annually
recognizes the outstanding 4-H club
members in each county Recipients
of the Gold Star Award must have
demonstrated outstanding leader-
ship development and successfully
completed a project related to
agriculture, home economics or
personal development
The recognition program was
conducted by members of the
District 4-H Council
Accompanying the local winners
to the awards banquet were Mr and
Mrs Martin Schubert, Mr and Mrs
Curtis Schimank. Lee County
Extension Agent Wade Hibler and
Mrs Lavonne Droeiner Morrow
All Lee County 4-H members
should take note that their livestock
show entries are due at the next club
meeting 4-H volunteers will have a
supply of entry forms and entries
need to be made at the January
meeting
Meeting schedules are: Tangle-
wood, Jan 2. 4 p m , Tanglewood
VIEWPOINT
(FROM PAGE SEVEN)
■ could have a major correction in the
I first quarter of the year that would
i cause a drop of 300 to 500 points back
down to the 2,200 or 2,300 level or
I even lower. Right now there just
I seems to be more downside risk than
upside potential, so why not get on
, the sidelines with some of your cash
I and wait for better opportunities
that could come along after the next
/ market correction, if it indeed
) comes Why take any chances with
: your profits’
After a decade in which the stock
market returns averaged about 17
percent a year, I’m almost certain
that return is going to drop back to
no more than 9 percent a year in the
first 4 or 5 years of the 1990s, if even
that And we could get an economic
shock that would cause the market
to take a really big drop either in
1990 or 1991.
So why be greedy? Take your
excellent profits and put your money
into even safer government-insured
bank CD's and treasury bonds Draw
that good interest rate while
inflation is relatively low rather than
gamble that the stock market might
Better Breathing Club
meeting Jan. 3
The Giddings Better Breathing
Club will meet at 1 p m Wednesday,
Jan 3 at Lee Memorial Hospital
cafeteria
Community Center; Giddings, 7
pm Jan 3, First National Bank;
Lexington 4-H, 7 p.m. Jan. 10,
Lexington Middle School; Lincoln, 7
p m Jan 15, St Johns Gym; Dime
Box, 7 p m. Jan 22, Dime Box gach meeting offers a presenta-
Schools Ag-Science classroom. ohvsician or health
Serbin+-H1. 7 p.m. Jan. 24, St. Paul’s proresaional With time allotted for
School Library__________questions and discussion All
persons with respiratory problems,
Lex. blood drive set their friends and family members
, . are encouraged to attend
A blood drive to benefit all For more information call
Lexington are people will be held 542-3141
Jan. 6.
The bloodmobile will be parked in
front of the Lexington Masonic
Lodge from 10 a.m. til 1 p.m.
RAMPEY
Monuments & Markers
-BY-
Heralding
in
the
New Year
go up a few hundred more points in
1990
Now to the subject interest rates I
think interest rates will continue to
head lower in 1990 once it becomes
apparent that inflation is well under
control and economic growth slows
even more It wouldn't surprise me
to see the long-term 30-year
Treasury Bond rate now at about
7 90 percent dropping a full
percentage point to the 7 percent
level before year-end. If that
happens, other interest rates will
also drop
However, we’re reaching the point
where interest rates may not drop
too much further, at least not real
quickly like they did for several
years. But don’t look for them to go
back up to the much higher levels
that we had for a long time. That’s
not likely to happen anytime soon.
Just be glad if the interest rate
you’re getting on your savings is
several percentage points higher
than the inflation rate. That’s not too
bad a deal right now when there just
aren’t a whole lot of good
investments available where your
investment is fairly safe.
As we go into the 1990s, I’m going
to say the same thing that I did as we
entered the 1980s ten years ago
"Cash is king." Those who have the
cash are drawing fairly good
interest rates and they also have it
available to pick up some of the real
bargains in real estate which may be
hitting the market over the next year
or two.
Another bit of advice we gave in
our Viewpoint predictions all
through the 1980s was to get out of
debt and stay out of debt. That’s also
good advice for the new decade
ahead There is just too much
government and personal debt in
this country right now And some of
it's going to have to be paid back one
way or another.
For a couple of years it looked like
the mergers and acquisitions by so
many big U.S. companies which took
on tremendous new debt was the
coming thing But many of these big
deals and big debts don't look so
good anymore.
Lee lacocca, T Boone Pickens and
Robert Campeau are good examples
of what happens when you take on
too much debt It can ruin you or at
least set you back considerably
Iacocca’s Chrysler Corp is having
problems and is in the middle of a $1
billion cost-cutting program
Pickens has had to eliminate cash
distributions for his Mesa Limited
Partnership because of all his debt,
and Campeau, the Canadian
investor, is facing possible bank-
ruptcy because of all his retailing
empire acquisitions
It proves once again what can
happen if you try to get too big and
take on more debt than you can
afford to pay off
Now to oil prices That’s always a
tough prediction since OPEC can put
a kink in any prediction But for the
first time in a couple of years I'm
thinking oil prices might finally be
stabilizing above the $20 a barrel
level It wouldn’t surprise me to see
oil prices averaging $22 to $25 a
barrel during 1990. And that would
put smiles on the faces of a lot of
oilmen and oil royalty owners in the
Giddings Field and elsewhere. And it
could spur some new drilling -
something that has been almost non-
existant in the Giddings Field for a
number of years.
Natural gas prices may also
finally be bottoming out Many gas
analysts have been predicting
higher gas prices for years, but I
believe the time has finally come for
gas prices to start rising - if not next
year, then in 1991 for sure
Higher natural gas prices would
also help the local economy and the
economy of the entire state of Texas
The price of gold is also a tough
one to figure out. Since I hit it on the
head for 1989, it makes me a little
jittery to even try to advise readers
whether they should buy a little gold
in 1990
My best advice in this regard is to
buy some good gold stocks and
maybe just a few gold coins, just for
safety. I think gold stocks have the
best chance for appreciation during
the 1990s and could go up in value
even if the price of gold stagnates
around $400 an ounce or even drops
into the $350 to $375 range. And it
pays dividends, while gold gives you
absolutely no return unless you sell
it.
Hopefully I’ve covered most of the
subjects you’re interested in as far
as investments are concerned Most
of the others should be left alone
anyway since they’ll probably not
make you any money and might lose
you some.
The main advice I can give you for
1990 (and every year for that
matter) is to be conservative in your
investments and keep your eyes and
ears open all the time. Don’t trust
other people to invest your money
Tend to it yourself and don’t put all
your eggs in one basket.
Even if 1990 doesn't turn out to be a
good year for you economically,
don't let it get you down Even
supposedly smart and extremely
wealthy people like Lee lacocca, T
Boone Pickens and Robert Campeau
make bad investments - sometimes
lots of them.
Just be ready to make the best of
whatever comes your way. Then
you’ll always be happy and content
Always remember, happiness and
peace of mind come from within
yourself - not from material things
If that weren’t the case, all the
righ and famous of this world would
be deliriously happy And of course
they aren’t. Many are sad and
miserable even though they have
most of the things money can buy
They’re looking for something which
can’t be bought with money because
it comes from inside - not from the
outside. They are searching for
something which even fame or
power can't obtain.
Don't let that happen to you'
Happy New Year!
Co
LIONS-
Trey Kc
Whitney
son, Ma
Eric Me
Cryst JJ
Jodie 1
ROCKDALE MEMORIALS
A toast to all our friends
ond patrons Have a happy!
199
A -t^ New ear 1
We’re announcing our thoughts of
thanks to our many customers, who
we’re so proud to know and serve!
TIGERS-
Courtney
Alexander
Mitschke
Craig Mu
Muras.
Blue Bonnet Pharmacy
GIDDINGS
FOR INFORMATION - CONTACT
PHILLIPS-LUCKEY FUNERAL HOME
PHONE 542-3113 588 N. Main GIDDINGS, TEXAS
Doug’s
Body Shop
GIDDINGS
SERVICE SPECIAL (
DELUXE LUBE
Includes Major Brand Oil, Oil Filter and Labor
* Up to 5 quarts major brand motor oil
* National brand oil filter
* Lubricate chassis (fittings extra), doors & hood hinges
♦ Check all fluids, hoses, belts, air filter, PCV valve and breather elemi
Most cars & Light trucks60S
Plus Tax
With Coupon
Coupon must be presented prior to work done. 'For a limited time only.’
Bob Gold Chevrolet
1800 Hwy. 290 W. - Giddings, Tx. - Ph. 409-542-3118
SERVICE & PARTS HOURS:
SN SAUT
GM
8:00 a. m. -5:30 p. m.
Monday- Friday,
Saturdays 8 a. m.-12 Noon
NOTICE OF BID
Dime Box ISD is accepting bids for air conditioning the
elementary gymnasium. Bids should include materials,
installation, and connection to service.
Bids are due into the Superintendent’s office no later than
3:00 p.m., January 17, 1990, at which time they will be
opened and read aloud. Bids will be reviewed and considered
for awarding by the Board of Trustees during its regular
meeting on January 18 at 7:30 p.m. in the library.
Bid information and specifications may be obtained at the
Superintendent’s office, Box 157, Dime Box, Texas 77853,
phone (409) 884-2324.
— K . ---. ch. Ah +A scant ar react any and
ilie ViStitt :EPti:== - = 5 —---- : - :---1
all bids and award those bids most advantageous to the
district.
TEXAS ★ TRUST
STRENGTH
&
COMMITMENT
Statement of Condition
September 30, 1989
(In Thousands of Dollars)
Assets
Cash. Investments and Marketable Securities
Receivables from FSLIC Operations, a division of the FDIC
Loans and Other Receivables, Including Accrued Interest
Assets Covered by Assistance Agreement
Other Assets
Total Assets
Liabilities and Stockholder’s Equity
Deposits
Federal Home Loan Bank Advances and Notes Payable
Other Liabilities
Stockholder’s Equity
Total Liabilities and Stockholder's Equity
47.682
238.148
32,442
326.224
21,391
‘665,887
’404,054
225.260
9.825
26,748
‘665,887
TEXAS * TRUST
Savings Bank, FSB
Member FSLIC
BRANCH INFORMATION
LLANO ♦ BUCHANAN DAM * BURNET * GIDDINGS * KINGSLAND
MARBLE FALLS * MASON * SAN ANGELO
LENDER
CHEETAHS
Jason Ke
Shannon
Brent We
Daniels,
not pict
Players
BEARS--!
David Li
Schnell
Back ro
Schnell
Lara, Bi
Turner.
Citizen
H & R
Bob Til
Wilbert
Gaeke
Dr. Ric
Nitsche
Blue Be
)
I
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Preuss, L. M., III & True, David G. The Giddings Times & News (Giddings, Tex.), Vol. 100, No. 27, Ed. 1 Thursday, December 28, 1989, newspaper, December 28, 1989; Giddings, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1634311/m1/8/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Giddings Public Library and Cultural Center.