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!
S33W
V8 INGINS
WE ARE CHANGING OUR NAME
H.ghejt horsepower, ’orquo
and compress on c< •
to LORINGS SALES & SERVICE
AUTHORIZED WILLYS SALES & SERVICE
•x««p A d ta n c td
I ’arw M « PiteA D ynaflow it th t only D ynaflow iiu trk buddt
today It it tta n d a rd on ROADM A8TKR, SVFER and CuNTl R T -o p t.o n o l a t m o d " t
tx tr a c o tt on the S pecial .
tf n iB
AUTOMOBIlfS AR£ BUILT BUICK W IU BUILD THEM
1 ~uiî»
-even w,/-Ou, .
^■e pjfCu
s p e c ia l
,
•
c e m t v h y
•
•
h o a d
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r
‘
9
COAST equipment ^ ^
Johnson HOME LITE
SAW S
a s t e h
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S e e T o u r A u th o r iz e d B u ic k D e a le r
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