The West News (West, Tex.), Vol. 98, No. 42, Ed. 1 Thursday, October 27, 1988 Page: 2 of 16
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Page 2
The West News - October 27,1988
Business / Texas / Local
Another Point of View
by Keith Peck
"Oh, to be a kid again" used to be apopular saying. Only an idiot would voice
such a wish today. Everyone, including me, has an opinion about what is wrong
with today's kids. They are not learning at the same pace they did twenty-l ive
.years ago. They lack motivation. They do not have any goals. These arc only
some of the indictments of today's youth.
Teachers blame parents, parents blame teachers and the kids blame them
both. On TV recently Barbara Walters had a program to address the problem.
On the program she quoted the results of a test given to selected students in
^various high schools across the country. I took the test as shown on TV and
Jnissed one of the questions on literature. I never did read any Scott Fitzgerald.
-This points up, 1 think, one of the reasons students are learning at a slower pace.
;Lack of interest. They spend five times more time watching TV and listening
. to rock and roll than they do getting their homework or studying.
; Who is responsible for motivation? Teachers? Yes, to a degree. Parents?
Yes, to a degree. Students? Most assuredly! Self motivation is the most
effective and the most lasting. Parents and teachers should provide, in their own
.'sphere, an environment where motivation, self motivation can occur.
* They don't have any goals. Hogwash! In the interviews I listened to the kids
fall had a goal. They wanted to make a lot of money. They all said so. While the
.’goal is not very worthy, nonetheless it is a goal. If the kids arc being realistic
they should recognize that the goal is a tough one and will require considerable
more effort than they now are putting forth.
It is my considered opinion that kids welcome a challenge and that teachers
and parents should turn up the heat a little bit, point them in the right direction,
and applaud when they achieve. Turn off the stereo, the radio and the TV until
; lessons are completed. Getting an education only starts with school. It contin-
I ues for a lifetime.
Letter to the Editor
*
: To the Editor:
Being a former West resident, I
have followed with interest the vari-
ous news articles and TV coverage of
West's opposition to the proposed
Zoo referendum and the recently
approved H.O.T. Fail- Complex vote.
! I feel the Waco media is unjustly
picturing West citizens as against
progress and "a bunch of tightwads."
•This is far from the truth.
;! The people in West and their sur-
rounding trade area are generous
hard-working community-minded
folks. They have the highest per
Capita giving for such programs as the
iked Cross Blood Bank and gener-
ously give of the money and time to
Oumerous benefits from the March of
Remove Insecticide Ear Tags Each Fall
Dimes to benefits for the terminally ill
and those who have suffered cata-
strophic loss such as through house
fires, etc.
The West area citizens have built
one of the finest rural Hospitals, Rest
Home, Westfest & Rodeo Grounds,
Community Center, purchased sev-
eral new ambulances, and are well
into a new community Library and
Museum. They have done all of this
without asking the other residents of
McLennan County or Waco for a bond
issue or tax increase!
The residents of Waco voted down
a new Zoo some time ago as being too
costly. The same is true now, only the
proponents are now wanting the
County residents to pay for a Waco
Zoo.
Mrs. Margie Nors
Chalk Bluff
- WACO - Cattlemen who use in
Secticide ear tags for horn fly and ear
tick control should remove the old
tags during fall roundup.
"Tags that have been attached to an
animal for four to five months will not
emit sufficient insecticide to
adequately control the total fly popu-
lations," said Dale Fritz, McLennan
County Agent with the Texas Agri-
cultural Extension Service.
During the past three fly seasons,
use of pyrethroid impregnated ear
tags has created a statewide problem
Jwith insecticide resistance to all cur-
rently labeled pyrethroids for the hom
fly. Cattlemen with a fall calving
season will usually work their cattle
during the period from October
through Christmas.
! "This is an excellent time to get the
old tags removed since cattle will be
in the open for other veterinary prac-
tices," said Fritz.
The ear tag system for fly control
exerts a constant selection pressure on
ijhe pest population and results in
killing the weakest and most suscep-
tible pests. Other pests which have the
genetic ability to survive a sub-lethal
dose of insecticide become parents
for the next pest generations. Within a
two-year period, this selection proc-
ess can develop a pest population
highly resistant to all labeled chcmi-
•calsof the pyrethroid type, according
Owner Gets Soaked
to the agent.
Cattlemen who used ear tags in
1988 with a phosphate insecticide
containing diazinon have been
pleased with the level of animal pro-
tection from flies and the extended re-
sidual control achieved. Information
from commercial tag manufacturers
indicate phosphate resistant hom flies
also may develop if proper manage-
ment techniques are not used by the
rancher.
Cattlemen may get a false impres-
sion that the old ear tags are still
killing flies. Populations naturally
decrease in the fall as flies go into
their overwintering quarters. The old
tag is not helping with control but is
silently adding to selection pressure,
thus making the surviving population
more resistant to the target insecti-
cide.
Decrease in the fall daylcnth (less
hours of daylight) and cooler weather
conditions arc environmental factors
that induce pest dispausc. Hom flics
spend the winter months in the soil as
a diapause pupa. Fall fly tag removal
is just a good management practice to
reduce additional resistance develop-
ment to the valuable list of insecti-
cide.
"Once insect pests become highly
resistant to a class of insecticides, the
economic incentive for future use ol
that compound is greatly reduced.
When Leak Starts
• One sure way to wind up all wet is to It could turn out that three-dimen-
jgnore a roof that's seen its best days, sional asphalt shingles with a design
Besides rain, says the Asphalt Roof- life of 25 years or more represent a
mg Manufacturers Association, the savings because the cost of materials
biggest enemies of roofing are the sun, and labor is amortized over a longer
wind, hail and climatic variations, period. In many cases, they can be
Sooner or later, even the best roofing applied over the old roofing materials
materials have to be replaced. Lim- eliminating the cost of a tearoff
ited repairs won’t help a roof that is
old and worn. A roof of standard shin-
gles, 15 to 20 years old, is a prime can-
didate for reroofing
Signs of a badly weathered roof in
nMd of reroofing include cracked,
curled or missing shingles and an ex-
cessive loss of protective mineral
granules. Check downspouts for signs
of excessive granule loss. When check-
ing the condition of the roof, do it from
the ground using field glasses. Walk-
ing on the roof is dangerous and could
damage the shingles.
Multi-layered asphalt shingles
with a fiber glass or organic base are
available in a range of styles and col-
ors. Earth tone shades of beiges and
browns are popular for their ability to
blend a home with its surroundings
while creating bold, dramatic
shadowlines that give a roof added
depth and dimension.
For more help in choosing a new
roof send 50 cents for a copy of “A
Homeowners Guide to Quality Roof
ing” to ARMA, Box 3248. Grand Cen-
tral Station, New York, N.Y. 10163.
Ask Ann Richards
Which is best: fixed or adjustable-rate
mortgages?
Editors Note: State
Treasurer Ann W. Rich-
ards each week answers
questions about personal
finance and state govern-
ment. These questions
are compiled from vari-
ous letters to the State
Treasury. Answers are
not intended to take the
advice of reputable fi-
nancial advisers or other profes-
sional counselors. If you have a
question to ask, write to:
Ask Ann Richards
PO Box 12608
Capitol Station
Austin, Texas 78711
We are buying our first
house and are confused about
the best kind of mortgage to
get: fixed-rate or adjustable-
rate. Which do you think is
best?
come-incrcase over
lime.
However, if your
income declines or
interest rales go past
what you can pay,
ARMs can be disas-
trous.
A good review of
your current and fu-
ture income and expenses will
help you determine your best
route. I also suggest consulting
with a mortgage company to find
out more details about your par-
ticular situation.
We are thinking of convert-
ing our ARM to a fixed-rate
mortgage so we can lock into
the current rates before they go
up again.
How do we go about convert-
ing our mortgage?
The “best” depends on your
circumstances.
With fixed-rate mortgages,
the interest rate remains the same
for the life of the mortgage. Some
fluctuations in your payments
can occur when insurance rates
rise or local taxes increase.
On the other hand, ARMs, or
Adjustable-Rate Mortgages, can
be a good bet if you believe rates
will be going down, your income
will be increasing, or if you will
own the property for a short time.
Rates on ARMs are adjusted
with market condidtions. The
most common index is the inter-
est rate of U.S. Treasury bills at
certain intervals, usually one,
three, or five years.
ARM payments are often low-
er early in the life of the mort-
gage, which allows you to “grow”
into your mortgage as the pay-
ments-and hopefully your in-
First, you need to make sure
your ARM contract has a provi-
sion for conversion. Not all
ARMs are convertible, so check
with your mortgage company or
an attorney.
When you convert, you do not
always get the market rate. Usual-
ly points are added to the rate, so
you actually end up with a higher
rate than the market is bearing.
A conversion often involves
refinancing, which can mean ex-
pensive closing costs. There are
also fees for converting, ranging
from $100 to 1 percent of the loan
amount.
It's a gamble when you're try-
ing to hedge on interest rates. My
advice is to play it safe and get
professional advice from a loan
officer. He or she will have the
expertise and resources to help
you make a wise decision.
WHY 60
IRQI1GH THIS?
We the concerned Taxpayers of McLennan
County join with the Ministerial Alliance group
and others to vote against the Zoo move, and the
9.6 million tax increase. Lets all turn out and beat
this issue as we did the Heart of Texas Coliseum
once and for all.
Vote November 8
REPORT OF CONDITION
Consolidating domestic and foreign subsidiaries ol the
■[tie State National Bank in West
West
Nimtm* ol Bar*
Texas
, al the close ol business on September 30
.. 1988
In the stale of __ al the close 01 business on — ~-- ' a00
published in response to call made by Comptroller of the Currency, under title 12, United States Code. Section 161
Charter Number 13022_Comptroller ot the Currency —EjgygPLil-—— District
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Statement ot Resources and Liabilities
Cash and balances due Iroiri depository institutions'
Noninterest-bearing balances and currency and coin
Interest-bearing balances
Securities......................................
Federal funds sold...........................................
Securities purchased under agreements to resell.................
Loans and lease financing receivables:
Loans and leases, net ol unearned income
LESS: Allowance for loan and lease losses
LESS: Allocated transfer risk reserve
Loans and leases, net ot unearned income, allowance, and reserve
Assets held in trading accounts..........................
Premises and tixed assets (including capitalized leases)
Other real estate owned
Investments in unconsolidated subsidiaries and associated companies
Customers' liability to this bank on acceptances outstanding
Intangible assets ...................................... ........
Other assets.................................................
Total assets...............................................
Losses deferred pursuant to 12 U.S.C. 18230).....................
Total assets and losses deferred pursuant to 12 U.S C. 18230).......
Thousands ol dollars
14,688
13 362
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336
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42Q -
33,873
-0-
33,873
Deposits:
In domestic offices
Noninterest-bearing
Interest-bearing
Federal funds purchased.................................
Securities sold under agreements to repurchase
Demand notes issued to the U S Treasury
Other borrowed money
Mortgage indebtedness and obligations under capitalized leases
Bank s liability on acceptances executed and outstanding
Notes and debentures subordinated to deposits
Other liabilities
Total liabilities ............................................
Limited-life preferred stock
Perpetual preferred stock
Common stock
Surplus . .. .........••
Undivided protits and capital reserves
Total equity capital.
Losses deterred pursuant to 12 U.S.C. 18230).............
4,71(1
26,842-
Total liabilities, limited-life preferred stock, equity capital, and losses
deferred pursuant to 12 U.S.C. 18230)..........................
J 31.657 I
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280
31 837
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1.936
We, the undersigned directors, attest to the correctness ot
this statement ot resources and liabilities We declare that it
has been examined by us, and to the best ot our knowledge
and belief has been prepared in conformance with the
mstruptions and is true and correct
i Deana laubert ___
Auditor_ ____
Tills
of the above-named bank do hereby declare that this Report
of Condition is true and correct to the best of my knowledge
and belief
Directors
.UdMu
Ssflnutute
Orf-nhpr ?1 1 Qftft
Dal#
The State National Bank
Member F.D.I.C. West, Texas
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Knapek, Larry. The West News (West, Tex.), Vol. 98, No. 42, Ed. 1 Thursday, October 27, 1988, newspaper, October 27, 1988; West, Texas. (https://texashistory.unt.edu/ark:/67531/metapth715158/m1/2/?q=%22%22~1: accessed July 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting West Public Library.