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About Brookings-Harbor pilot. (Brookings, Curry County, Oregon) 1946-1978 | View Entire Issue (March 7, 1957)
Brookings-Harboi Pilot Thursday, March 7, 19S7 Brooking», Oregon For What It's Worth Look for Changes Judging from w hat I read in In Interest Rates the press, considerable controver ANNOUNCING OUR Bv C lifford O P E N IN G AT T O N Y and B O B 'S 6 Green Door 9 Formerly Known as B & G LOUNGE STARTING THURSDAY, March 7th Lounge Open Until 2:30 a.m. BOB DEFENBAUGH TONY FELIPE W atch for a radical ad ju stm en t sy is developing in the legislature on the subject of highw ay bill- of loan agency interest rates. What to do about old loan com boards. Those opposed to them use as th e ir principal argum ent m itm ents and loans in the offing the point th at w hereas O regon’s is causing much concern. T h ere principal attractio n for tourist tra- are those who believe old com- vel is the beautiful scenery, the m itm ents should not carry th e in billboards scattered along the creased rates, w hile others declare highw ay deprive the visitor of they should. th a t experience. Agencies now charging a ser Being a conscientious citizen vice fee and which charge in te r who likes to arriv e at his own est only w hen com m itm ents are conclusions rath er th an m erely draw n hold th at proposed i n- accepting the propoganda put out creases should be applied to new by either side on any issue, 1 de loans only Agencies w ith long cided to do some research on my term credits argue new ra te s own. In this p articu lar case I had should apply all along the line. the opportunity to com bine busi T here is an unprecededent de ness w ith pleasure. m and for money evidenced by th e Since I had already planned to lows to which U. S G overnm ent attend the Oregon P ublishers con and other high grade bond have vention in Eugene, I decided that gone. With the outlook for a con I would trav el by bus so th a t I tinued heavy dem and for m oney would be b etter able to give the during 1957, there is nothing in billboard problem some study. In the picture to indicate any easing fact, th at decision on my p a rt of money rates in the early fu tu re. answ ered in one respect at least , Bank rates to borrow ers have one of the principal arg u m en ts in already risen and may go higher. opposition to billboards. A big factor in loans to O regon For after giving the m atter pre ag riculture is the Federal Inter- lim inarv consideration, I arriv ed m ediate Credit Bank. The b anks at the rath e r startlin g conclusion discount rate was increased from to 4-> i per cent on Febru- th at despite the fact th a t I had 3 driven to Eugene and back many, a rv 1. F arm ers had hoped the bank m any times, I couldn’t rem em ber in- ever having seen any billboards. could get by w ith anly a It seems th at I spent all of my crease. But under the 1956 F arm tim e concentrating on d riv in g Credit Act the institution had to w ith the goal in m ind of getting close its books December 31, 1956, to my destination alive. Pa>’ its franchise tax, and distri- Any wav I m ade my trip and I earnings. The effect of looked at the billboards a n d ^ ’s *s ^nstead ° f projecting arriv ed home convinced th a t th e 1’lt> ,Mnk s income by taking into m ajority of billboards w ere not consideration some earnings for hiding an ything of p articu la r f’rs^ s*x m onths of the reg u lar scenic interest. A ctually, in m any -ear, the bank, in o rder to eases, the billboards w ere m uch ,n im pairm ent of its sur- m ore interesting than the scenes P 'us> has had to determ ine its in- thev hid This was p articu larly so come six m onths in advance. T his in the approach to tow ns w here nt’ces»itated an increase in dis- billb tards m ore or less hid from rates The bank has the au th o rity to sight old car dum ps, unkem pt lots, prescribe the in terest rate to and decrepit barns and shacks. many farm lending agencies. Moreover, d u rin g most of the The money m arket is so closely trip I saw Mt. Hood in all its tied to the economy of the nation grandeur and the hills to the th at a grand scram ble by loan north glistening u n d er snow of agencies is on. Some say that high th e night before. No billboards er rates are certain, claim ing th a t interfered. And so I arriv ed at the to wish for low er rates is to wish conclusion th at as a d riv er I can ’t for slow er times. look anvw av and as a passenger T his much appears certain: th e billboards provide m uch to agencies in the low-income brack- m ake my trip interesting. ____ line w ith the Federa In term ed iate et will be obliged to increase in I suppose th at for everyone C redit Bank boosts. th e r e folks began to learn that you can get a big new Buick S pecial today for just a few dollars more than the price of a smaller car—trotr/ They’ve been flocking into Buick showrooms ever since! And they discovered a double surprise. W .......... S u i t e n n i- .t C O R K • lim e w h e n h e — gets exceedingly fed up w ith the doesn’t have two in o rder to fill griping that forms th e basis for his tw o car garage. The p lutocrat too much of w hat he reads o r w ho is grossing a measly four or w hat he hears. C ertainly it be- five million a y ear groans to high comes m ore difficult to have faith heaven because he has to fork in an ything when one’s conscious- over a portion of it to the govern- ness is continually bom barded by ment. And the poor cuss who c a n ’t the plaints of the disgrunted. even afford to m ake paym ents on Personally, I have just about a color TV set until he gets his decided th a t the happy m an or '57 model autom obile paid for, w oman is practically ex tien ct in joins the popular lam ent th at th e m odern society. Every tim e I pick country is going to the dogs, up my paper, I am almost certain Of course, 1 am not so stupid to find an article bem oaning the as to accept thie as being the tru e fu tu re of our younger generation picture. I am well aw are th a t which seems destined to m ake an w ith the passing of a couple of even m essier mess of things than m onths we will all have recovered we oldsters have been able to do. from the shock of shelling out a And w hat p ertu rb s us even m ore sizeable share of last y ea r’s ta k e is that th e expense of train in g for income taxes and will soon be them for th at task is becom ing u n proclaim ing to all and sundry, for bearable. the rem ainder of the year a t If I am unable to find a tirad e least, that we are the luckiest, against the youngster. I can al- richest people on the face of th e ways find as a su b stitu te some earth. pitiful item w hich brings the tears U ntil th at tim e arrives, we w ill to my eyes as it deplores th e lot continue griping. ’ of some p articu lar segm ent of the , . .............. ....... social o rder which Is underpaid or another which is being bled THANK lfOV- w hite by being required to pay We wish to tak e this opportun- ex o rb itan t salaries. ity to ertend our sincere th an k s Seem ingly the big tro u b le ap- to all our friends and neighbors pears to be th at no one is getting d uring our tim e of bereavem ent, a square deal. The m an w ith only Mr. and MrMs. Harrison H ale one car is crying because h e and fam ily 4 1c hen • Rowe t ¿ALES ¿.SERVICE Because this new Buick is more than just a whale of a lot of automobile for the money. It's also the most completely changed Buick ever built - brand new in body, in styling, in chassis, in everything from road to roof and bumper to bumper. Rt LOUaALDiN 'o n hand NAS POP KlOCXNC W H E N H E S A ID *OO ONCE H A D / HE HAS? L IK E Z W A S N ’T SNOW A I K itX W i wet> sat Of AU. r to e it AWHCIATB ri n ip » t o *»!«« THAT'S WHY THE MAJOQlTY of folks flock to COAST U tit. E v en more —it’s completely changed in performance. You, at this wheel, boss a brand-new engine way up in horsepower, torque and compression ratio. You, in this trim beauty, have the instant response of today’s brilliant new' Variable Pitch Dynaflow.* Tou, in this saucy traveler, are holding rein on the dream car of the year to drive. And if yqu can afford any new car, you can afford a Buick. S o - d r o p in today! 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