Cedar Hill Chronicle (Cedar Hill, Tex.), Vol. 17, No. 8, Ed. 1 Thursday, October 30, 1980 Page: 21 of 32
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Cedar Hill Chronicle, Thins.. Oct. 80, 1980—Page 5
Miller announces interest
increase on savings bonds
Secretary of the
Treasury G. William
Miller announced that
President Carter
approved a one percent
increase in the interest
rate paid on United
States Savings Bonds
and Savings Notes.
The President acted
after signing legislation
permitting the Secretary
of the Treasury, with the
President’s approval, to
raise Savings Bonds
interest rates by up to
one percent during any
six-month period.
Perviouly the interest
rate ceiling was fixed by
statute.
The interest on Series
EE Bonds purchased on
and after Nov. 1,1980, is
being increased from
seven percent to eight
percent, compounded
semiannually, when the
Bonds are held to
original maturity. The
term to maturity is being
shortened from 11 to 9
years.
The interest rate on
Series HH Savings
Bonds purchasd on and
after Nov. 1.1980 is being
increased from 64
percent to 74 percent to
their original maturity,
which remains at 10
years. Interest on these
Bonds is paid
semiannually by check.
All outstanding Series,
E. EE, H and HH
Savings Bonds, as well
as outstanding Savings
Notes (FreedomShares)
will also beneift from a
one percent increase to
their next maturities.
The redemption value of
E and EE Bonds and
Savings Notes and the
inerest on H and HH
Bonds during periods
before their maturity
will be improved. In
general, the increase
will be effective with the
first semiannual interest
period that began on or
after Nov. 1. 1980. Matu-
rity periods for these
Bonds and Notes will not
be changed.
Depending on market
conditions, a further rate
increase of up to 1 preent
may be made as early as
May 1. 1981.
The new 8 percent rate
for EE Bonds and 7 4
percent rate for HH
Bonds will be
guaranteed minimum
yields to their original
maturities.
Continuing benefits of
Series EE Bonds include
their exemption from
State and local income
taxes, the option to defer
Federal income taxes on
accrued interest, the low
minimum purchase
price of $25. and th right
to redeem the Bonds
anytime after six
months at issure price
plus accrued interest.
Treasury hopes that
the higher interest -ates
will increase purchases
of Savings Bonds,
particularly through
payroll savings plans, as
well as reduce
redemptions. The
unprecendented market
interest rates during the
past year have resulted
in a heavy volume of
redemptions and
declining sales.
Women’s conference set for Nov. 1-2
Representatives from
Business and Pro-
fessional Women’s Clubs
in Metroplex will partici-
pate in the annual
District 15 conference to
be held Nov. 1 and 2 at
the Executive Inn, 3232
W. Mockingbird Lane,
Dallas.
This conference is
being held to facilitate
leadership training and
to familiarize members
with the various areas in
which they can
participate to elevate the
status of women
engaged in business and
the professions.
Workshops titled
“Stress’ and
“Motivation” will be
conducted by Ms. Mamie
McCullough, Director of
Educational Division
Attitudes for America.
Ms. McCullough is a
much sought after guest
speaker for training
seminars as she
challenges her groups
with her “I can, You can
too,” message.
Rhonda Morris,
president of Texas
Federation of Business
and Professional
Women’s Clubs, Inc. will
be the State represen-
tative to the conference.
Ms. Morris is a member
of Oak Cliff Club and
District 15.
Mrs. Ebby Halliday,
president of Ebby
Halliday, Inc. a Dallas
Realty firm will be the
speaker at the banquet.
The conference
business agenda will
comprise of reports from
the Legislative Steering
Committee and all
committee chairmen
and local club reports.
The election of officers
and the selection of the
1980-81 conference site
will be included in the
business session.
Air Force offering pay incentives
Young men and
women who volunteer
for the Air Force will
receive the 11.7 percent
increase in pay and
allowances that became
effective Oct. 1.
Bills signed by the
President include
increased basic pay,
housing and subsistence
allowances. This totals
some $722 beginning
monthly pay for a single
enlistee, while a newly
co missioned second
lieutenant will begin
earning some $1,194 per
month.
Also included in the
pay raise is a 25 percent
increase in flight pay for
all officer and enlisted
aircraft crew members.
This will amount to some
$125 a month for newly
commissioned flying
officers and some $62 per
month for new enlisted
crews members.
In addition to pay and
allowances, Air Force
members receive a wide
range of entitlements,
including free medical
and dental care, 30 days
of vacation with pay per
year, discount prices at
base grocery and retail
stores, and use of
virtually unlimited low
cost recreational
facilities. There are
several
education
available
different
programs
to help
members complete both
undergraduae and post-
graduate programs.
( COAT SALE )
20% Off
Our Entire Line Of
COATS and JACKETS
Save This Week On
All Girls Rabbits,
Leathers & Fabric
Coats & Jackets From
Jiminy,™
Niki ™
& Others.
Sizes 2-4T & 4-14.
Boys from 2-4T & 4-7
for State
Representative
CARIOUS
“He’s one of us”
BOTH DALLAS MAJOR NEWSPAPERS ENDORSE
NICK CARIOTIS
FOR STATE REPRESENTATIVE DISTRICT 33-H
Dallas Times Herald
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Pubuucx Low* Managing tonor Associate rom*
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Texas House endorsements
0Jjr flail aS fronting JTrtos
Texaa’ Leading Newspaper
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JOHN A. RECTOR JR ROMRTW OtCMKRD
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Editorial Page
Jim Wright, Editorial Director
Voters will elect their state represen-
tatives on Nov. 4, a critical decision
which wilt have a political impact on
Texas for many years. That statement
is not just election year hyperbole, but
a realization that the Texas Legislature
next spring will redraw political dis-
tricts based upon the 1980 population
After careful examination of the
candidated who stand for election to
the Texas House, the Times Herald can
give its endorsement to the following
persons in contested races:
Dist. 33-H (DeSoto-Duncanville area)
- Nick Cariotis, the Republican challen-
ger who would make the better repre-
sentative for an area where he has
been a busnessman, homeowner and
elected city councilman for several
years.
SATURDAY, SEPTEMBER 20,1980
State Legislature
AS THE federal govern-
ment tries to reduce spend-
ing and to withdraw from
many activities, the role of
the State Legislature will be-
come more important. The
delegation selected in the
general election will have
the additional responsibility
of assuring proper repre-
sentative for Dallas County
in the upcoming redistrict-
ing battle. Therefore it is in-
cumbent upon voters to se-
lect the most effective law-
makers possible for these
important posts.
With these responsibili-
ties in mind, The Dallas
Morning News recommends
the following candidates for
the Legislature:
•State House, District 33-
H (Southern Dallas County):
Republican challenger Nick
Cariotis.
THESE ARE SOME OF THE IMPORTANT REASONS WHY:
NICK CARIOTIS is the only one seeking this office who:
I l owns a home in the district.
( I owns a business in the district.
I l pays city and school taxes in this district.
I l has children in the schools of this district.
NICK’S opponent rented an apartment in Duncanville only months before he was elected in 1978, moving
from North Dallas, and still resides in an apartment — a professional politician who moved into the district.
ONE must have some commont thread with the people of his district if he is to relate to the issues that are
important to his district:
II be a homeowner.
I I work or have a business within the district.
I I pay school or city taxes within the district.
Nick Cariotis has the intelligence, practical experience and dedi-
cation required to be an effective State Representative. Nick will
listen to you and speak for your needs in the legislature. Nick is an
independent, not a puppet of any political machine or special inter-
est group.
”
As a husband, father, war veteran and a person who chose to
make Southwest Dallas County his home — rather than one who
moved here for political purposes — Nick Cariotis thinks like you
do. He’s grown up in this community and understands its problems
and potentials. Nick Cariotis is one of us.
Who would you rather have representing you in the State Legis-
lature? A politician and political opportunist like Nick’s opponent,
or someone whose foremost interest is working for the best interests
of this district?
This year in 33-H, you do have a choice. The choice is clear. And
it's up to you.
VOTE FOR NICK CARIOTIS.HE'LL STAND UP FOR YOU
ABOUT NICK CARIOTIS:
* Nick grew ud in Oak Cliff and Graduated from Sunset High School
in 1958.
* He received a degree in history from the University of Texas at
Austin in 1963. Following active duty with the Marine Corps, he
earned his law degree from the University of Texas in 1970.
* Nick served four years in the U.S. Marine Corps, including two years
as a combat infantry officer in Vietnam. After a 15-month tour of
duty in Vietnam, Nick volunteered to return for a second time.
Discharged a caotain. Nick is now a major in the Marine Corps Reserve.
* Nick began his law practice in Dallas in 1970, and moved his office
to Duncanville in 1978, where he now practices law devoting about
25% of his time to his law practice.
* Nick owns and operates a Duncanville business, Sports Novelties,Inc.,
which specializes in distributing sports souvenirs with contracts
with the Dallas Cowboys and the Universities of Texas, SMU, Baylor,
and TCU.
« Nick is currently a two term Duncanville City Councilman, after
having been first elected in 1977. This service has helped him 9ee
the need for better state representation to help South and Southwest
Dallas County.
* Nick is the current vice-president of Texas Muncipal League, Region
13, composed of elected public officials from northeast Texas.
Nick Cariotis is 40 years old and has lived with his family at 1322
Greenstone in Duncanville since 1974. Nick and his wife Helen,
married in 1970, have a daughter, Anne-Marie,10, a son, Nicholas,
5, who both attend Clint smith Elementary School in Duncanville,
and a daughter, Kristina,2. They are expecting a fourth child in
February. Nick is of Greek descent; he and his family are members
of Holy Trinity Greek Orthodox Church.
WHERE NICK CARIOTIS Stands
* Nick believes that the freedom to choose employment must be
ensured by making Riaht-to-Work part of the State Constitution.
‘ Nick will never propose or promote a state income tax in any
form. Nick la a fiscal conservative who is committed to holdlnq
the line on state spending and preventing any futher tax increases.
* Nick will be a strong independent voice for vou in the State
Legislature representing the homeowners and not the special
interests groups and lobbyists.
* Nick strongly supports the issue of initiative and referendum
but one that allows the citizens to exercise that power not a
bill that would pay lip service such as th® indirect method
being proposed.
* Nick supports the Governor's proposal for wiretapping legislation
aivinq state law officers proper surveillance authority to stop
. drug pushers.
H.B.
The choice is clear. And it's up
to you. Nick's opponent spent
more money than has ever been
spent to obtain his Legislative
seat in this area. Most of that
money came from special Interest
Groups outside District 33-H.
The attached is copy from the Secretary of State of Texas of the dis-
closures filed by Ray Keller in his race of 1978 for the State Legislative
seat of District 33-H.
Summary of Totals:
Contributions received / Total
$43,198.00
Contributions from P.A.C./ Lobbyists —
Contributions from Ray Keller —
Contributions from Residents Dist. 33-H -----
Contributions from individuals
outside Dist. 33-H —
$19,580.00
$15,860.00
$ 1,255.00
$ 6,503.00
$ 43,198.00
Total contributions
$ 43,198.00
Total from within District
$ 1,255.00
3%
Total from out of District
$ 6,503.00
15%
Total from PAC/ Lobbyists
$ 19,580.00
45%
Total he himself put in
$ 15,860.00
37%
It's time that the people have
a voice too-
For too long the Lobbyists/
Special Interest Groups have
Nick will work to repeal H.B. 1060 which allows agricultural
----------*-------.had theirs.
tbc bervftt <}t a gpxwt mw i . •
and real estate
.nose involve
UPPER LEVEL REP BIRD MALL 273 3252
Nick feels that excellence in education for Texas must be a goal
that ranks at the top of our list of priorities.
Pol. Adv. Paid for by Nick Cariotis Campaign, 1322 Greenstone Lane
Duncanville, Tx. 75137.
i»ef Nick c*ar«oLL.w
the Homeowners.
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Hardin, Ken. Cedar Hill Chronicle (Cedar Hill, Tex.), Vol. 17, No. 8, Ed. 1 Thursday, October 30, 1980, newspaper, October 30, 1980; Cedar Hill, Texas. (https://texashistory.unt.edu/ark:/67531/metapth714567/m1/21/: accessed July 11, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Zula B. Wylie Memorial Library.