The Albany News (Albany, Tex.), Vol. 88, No. 22, Ed. 1 Thursday, January 20, 1972 Page: 2 of 8
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THE ALBANY NEWS
Albany, Texas, Thursday, January 20, 1971
The Albany News
JOHN H. McGAUGHEY, JAMES L. LENAMON,
Editors and Publishers
Published Every Thursday
Second Class Postage Paid
At Albany, Texas 76430
SUBSCRIPTION RATES
One year Moran and Albany
Addresses $3.00
One year outside Shackelford ,County $3.50
Foreign rate on application
Notices aDd classified^ads, 3c per word
each insertion
*» ^ e=o*ja^rb c=cs^sa^jrs c=c
• JUST • (
BETWEEN FRIENDS (
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ffCfcjss. dSi e=c^jss^pa
SOME PEOPLE WHO SHOULD KNOW are
predicting that 1972 will be a very good y»r-
compared with the iWSO's. We all hope they
all know what they are talking about.
On the credit side of the ledger is the fact
that most of our service men in Southeast
Asia will be brought home this year. That is
indeed good ... as we have no business pro-
longing a civil war there.
Also on the good side is the fact that a try
in being made to control inflation. This is
late in coming, but maybe not too late. It
looks like the spiral o( inflation will tapi r off
and our economy stabilize.
Inflation is really hard on the person who
a fixed income . . . such as social Security
and pensions.
ALSO, THIS IS ELECTION YEAR, and we ex-
pect to find those in office doing something about
the war and high prices.
From this eerly, date of 1972 it looks like the
state, and nation, is going to have quite a lively
political year. Governor candidates, and lieuten-
ant govern candidates are coming forth early.
Then look at the list of Democratic presidential
hopefuls. And they may gain in the next few
weeks.
chances of fitting right into the American
economy by advancing their training.
JANUARY, which incidentally is ticking right
along, is living up to its expectations—it's been
cold.
Temperatures dropped down to 8 degrees two
weeks ago, and last week we had a reading of
7 degrees (officially). John King startled his
Albany Cable System customers Friday morning'
by showing minus 2 degrees cn the weather scan.
The weather scan equipment is cn t!-e One Mile
Hill west of town, and is some 100 feet higher
than Albany—thus it gets -Cokier there1 at times.
However, we'll settle .for only 7 degrees.
By the way, it was cold enough this past week
for Rev. Aden to wear his overcoat. He was rais-
ed in Tennessee, and it's got to get cold before
he bundles up.
IT'S NOW "THE LONGHORN Restaurant." #
Mr. and Mrs. Wayne Hogan, who bought the
John R's Restaurant from John It. Watson a
year ago this month, have changed the name
to The Longhorn Restaurant. We like the
new name. It will help advertise the Long-
horn cattle herd at Fort Griffin.
ALBANY DOESN'T have much crime, but ev-
ery now and then something happens. Like the
stealing of a $10,000 "back-hoe" tr6m the City of
Albany. We expect this machine will be found,
sooner Or later. The thieves are definitely not
local people.
A few weeks ago someone got in some post of-
fice boxes, taking mail. This mail was discovered
,jn a Vacant house. We doubt that the culprits
realize the stiff penalty for breaking into U. S.
Post Office boxes, and stealing the mail.
As we said, we don't have much crimes in Al-
bany . . . and that's wijat is so good about a small
town.
THE
INFORMED
CONSUMER
WITH THE WAR tapering down, America
is happy to welcome (he servicemen home . . .
and (hey must be provided employment. Many
will take advantage of (he college aid offered
by the government, and £ill Improve their
WITH THE NEW YEAR here, income tax
offices in Albany are getting ready for the an-
nual income .tax rush. Most people dread in-
come tax time. We once heard a man say the
government ought to pay him for making out
his 1040 each year.
TEXAS NEWPAPERMEN ami commercial
printers were saddened last week (when word came
of the death of Guy Corn of Denton, a salesman
for many years for Palmer Paper Co. Guy, who
lived in D<'nton, was a strong churchman, and
followed the printing trade for many years, own-
.ng job shops, and working in printing offices. He
knew what he was talking about when he talked
about paper and printing equipment. We're all
f'oing to miss Guy. He was one salesman we were
always glad to have come in.
EARN OR YEARN? '
Charles P. McCormick says: Being an opti-
mist about America, I am convinced that to-
morrow's youth will attain even greater
heights of productivity and human understand-
ing. They will be better educated, will have
traveled farther, and will have been exposed
(o scientific developments that we today can't
.... even dream of. Hut they will need guidance.
They must be taught that they must EARN
By Crawford C. Martin
Attorney 6mml of Ttns
Referral Selling
Referral , selling is a sales
scheme whereby purchases are
induced on the representation
that the cost to the buyer will
be reduced by commissions he
will earn by referring the seller
to othet" prospects. In short, it
is a method generally used to
market an over-priced product
or service, and it is designed to
induce the reluctant consumer
to enter into a contract which
legally obligates him to pay for
the merchandise or service.
A prospective customer may
be contacted through newspaper
advertising, telephone solicita-
tion, or by a door-to-door sales-
man. The products typically
are home fire alarm systems,
aluminum siding, some house-
hold appliances such as vacuum
cleaners, and promotional land
sales. The Initial approach may
consist of an invitation to par-
ticipate in a money-making op-
SNK
AFIELD
By Ted Resting
"For the tent camper who
travels with conventional auto-
mobile, enormous edvantages
are to be gained en route by pre-
paring and consuming uncompli-
cated but tasty arid energy-giv-
ing food at highway rest stop,"
cays John Jobson, camping edi-
tor of Sports Afield.
Equipment required is com-
pact, basic, businesslike and
low cost. The heart of roadside
cooking is a well-functioning one
burner stove.
The second main item you'll
need is a camp eooler, which you
will have anyway, but for road-
ride meals have it handily avail-
able There are extraordinary
times when you will prefer n
disposable camping cooler. An
easy one to make consists of a
couple of corrugated paper car-
tons, with the top and bottom
[•esting and the insulating air
spaces filled with wadded news-
papers. As Piis makeshift will
leak otherwise cool it with some-
thing frozen (a sealed tin of
plain water is good) in the home
freezing unit.
Another useful gadget is a type
of heating element which plugs
Into the cigarette-lighter recep-
tacle and, placed in a cup, rap-
idly boils ■water for instant
fretze-dry coffee or soup Use
the newer .disposable, heat-re-
taining plastic or paper cups and
tumblers and the newed glazed
papef plates. A cutting board
also is handy.
With authorities recognizing the
vital requirement of tourists
taking a restful break, more and
more roadside. stops are being
created Many states have num-
erous such places which have
siiade, trash barrels, toilet facil-
ities, picnic tables, grates and
often some scenic of historical
significance Having a couple of
meals a day off-the-cuff saves
The Bits Won't Ba So Big'
At Our Bank q
In buying a car, don't forgat that the financing
coats money. It will pay you to look around
In 72. *
And whan you do, look In on ui because you'll
find our rates are among the lowest Try it!
The First National Bank of Albany
Phone 762-2221 or 762-2222
INSURANCE CORPORATION
portunity or a chance to receive
the product or service at no
cost.
The consumer who encounters
one of these referral sales
schemes would be well-advised
to note the following: First, a
product or service which is prob-
ably over-priced must be purch-
ed before participation in the
scheme is allowed. Second, it
is common for the salesman to
make exaggerated representa-
tions of potential earnings to be
made by referring other persons
to the company who will agree
to listen to the sales presenta-
tion. Third, the salesman may
attempt to convince the consum-
er that" he is getting the merch-
andise free because the referral
commissions will pay for the
product. Finally, the market
for the product will become sat-
urated in a relatively short per-
iod of tim^ if all participants
continue to refer their friends to
the salesman, and the company
may move on to another city
and leave the consumer paying
for the merchandise or service
to a finance company without
any offsetting commissions from,
referral sales.
In summary, the gist of the
referral sales swindle is that
customers are led to believe that
by referring the names of ac-
quaintances as prospective cus-
tomers, they will have to pay
nothing for a piece of merchan-
dise and very often will make
money. For each friend who
agrees to participate in the "ad-
vertising campaign," as it is
invariably called, the victim is
promised a commission. Sales-
men frequently erase customers'
dcubts by telling them 80 per-
cent of those referred actually
"participate" as proven by past
experience, but many times
postal inspectors have found
that only 5 percent of the refer-
ral names actually sign up. And,
ot course, once they have sold
the original customer, some
companies do not bother to iol-
low up on leads supplied or they
fail to remit the commission if
a referred friend does buy.
SHACKELFORD COUNTY
ABSTRACT COMPANY
J. Carter King, Jr., Manager
Telephone 762-228*
Call No. 480 Charter No. 3248 National Bank Region No. 11
CONSOLIDATED REPORT OF CONDITION, INCLUDING
DOMESTIC AND FOREIGN SUBSIDIARIES. OF
IE FIRST NATIONAL BANK
two of the most precious com-
modities the auto-camper has to
deal with: tJEme and money. Res-
taurant eating uses up lots of
both.
You can draw heavily on your
cooler for cold meats, fruits (and
juices), carrot and celery sticks,
olives, chilled canned tuna, and
so on. Icy milk is a favorite
highnoon beverage. Before leav-
ing home you can freeze, ready
for carrying, quarts of milk, iced
tea and coffee, and some drink-
ing water. All help to keep the
cooler cool.
For the otie-hurner stove, you
can supply tasty canned goods,
like soif), stew, pork-nnd-beans
and spaghetti and-meatballs. The
fre^zedry camper meals are
realltively expensive and are bet-
ter used while actually in camp
or where weight is a problem.
Recreational vehicle owners
effortlessly create travelers' re-
pasts with facile and competent
ease But the ingenuity, fast-
moving tent-campers are right
on their heels.
Ilia St
sd I
rttiJt
I dul:
OF ALBANY
ASSETS
Cash and du^ from banks — ———
U. S. Treasury securities
Obligations of other U. J5. Government agencies and
and corporations
Obligations of Oatee and political subdivisions
Other securities
Federation funds sold and securities purchased under
agreements to resell ....—
Loans - -
Bank premises, furniture and fixtures, and other assets
representing bank premises
Real estate owned other than bank premises
TOTAL ASSETS -•
LIABILITIES
Demand deposits of individuals, partnerships, and cor-
porations
Deposits of United States Government
Deposits of States and political subdivisions
Certified and officers' checks, etc
Total deposits In domestic offices $4,554,409.87
(1) Total demand deposits $4,554,409.87
Other liabilities — — —
TOTAL LIABILITIES
RESERVES ON LOANS AND SECURITIES
Reserve for bad debt losses on loans (set up pursuant
to IRS rulings) <___
Equity capital-total —
Common stock-total par value
No. shares authorized
No. sharee outstanding
Surplus
Undi'
5,000
.5,000
vided profits
Reserve for contingencies and other capital reserves
TOTAL LIABILITIES, RESERVES, AND
CAPITAL ACCOUNT
MEMORANDA
Interest collected no
capital eecounts
not hi loans iMhdad in t**1'
clare
my
I, Fay* Speer, Cash
e that this report of
knowledge nf belief
FAY! SPEER.
If a baby is born underweight
or premature, its chances of
having a serious birth defect
pre doubled, the March of Dimes
reports.
1
No.1
in
Loans
on
Land
In IhJ State of Texas, at the close of business on Dec. 31, 1971
publishedresponse to call made by Comptroller of the Currency,
under Titl<ll2, United States Code, Section 161.
$1,214,769.02
_ 1,173,757.45
341,?42.00
853,797.70
15,000.00
600,000.00
_ 1,528,775.91
23,289.30
6.00
$5,750,637.38
$4,129,310.74
35,784.85
331,299.01
58,014.37
38,000.00
$4,592,409.87
$ 34,481 45
TOTAL RESERVES ON LOANS AND SECURITIES $ 34,481.45
CAPITAL ACCOUNTS
$1,123,746 06
100,000.00
400,000.00
423,746.06
200,000 00
TOTAL CAPITAL ACCOUNTS *1,123,746.06
~~X
5,750,637.38
Average of total deposits for the 15 calendar days end-
ing with call date *4 ,*1,214.60
Average erf total^ loans for the IS calendar days ending
1,81#,364.00
10,000.00
, Cashier of the above-named bank, do hereby de-
af condition is true and correct to the beat of
We, the
directors, attest the
declare that it has bean
and bettsf la true a
A. V
JOE & MATTHEWS,
MEN NEEDED
In thie erea to train as
LIVESTOCK
BUYERS
LEARN TO BUY CATTLE,
HOGS AND SHEEP
•I uta barm, M lota and
ranch**. Wa profar to train man
21 lo SS with Itvaatock axpartanca.
For local Intorvlaw, writ* aga,
p l>ona, addraaa and background
NATIONAL MEAT PACKERS
TRAININ6
180S East Avt., Dept. 4r
rt Worth, Ttxat 76103
/' /// //// '
L7VNDB7YNK
//j. u/f/////////
IN
BRECKENRIDGE. TEXAS
Russell V. Payne, Manager
Dept. WT-502
McKINNEY * DUNCAN
MONUMENT CO.
Memorials and Cemetery lettering Service
IF WE CAN BE OF SERVICE TO YOU — Call Collect
' 247-4851 or 247-4285
HAP ADAMS, Owner
P. O. JBOX 84 — LLANO, TEXAS v
The electric climate
can do more
than help make
housecleaning easier.
as
Modern, flameless electric heat gives you an
even, climate-conditioned home. You simply set
the thermostat and the desired temperature is
maintained throughout the year. Dependable
electric heat needs little maintenance.
t
Flameless electric heat Is the
heart of the electric climate
A dd it for these benefits:
• low cost instalation
• little or no maintenance
• dean est form of energy
Ask WTU for complete informetlon
of this re-
by us and to
....
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McGaughey, John H. & Lenamon, James L. The Albany News (Albany, Tex.), Vol. 88, No. 22, Ed. 1 Thursday, January 20, 1972, newspaper, January 20, 1972; Albany, Tex.. (https://texashistory.unt.edu/ark:/67531/metapth429187/m1/2/?q=%22~1%22~1: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting The Old Jail Art Center.