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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (May 13, 1976)
f Portland Observer Page 5 contest d ra w s in te re s t M el Gordon Mel Gordan, candidate for the Demo cratic nomination, is currently a mem ber of the Multnomah County Board of Commissioners, first elected in 1963. previously he was the owner of a battery and tire company. Gordan is Multnomah County's repre sentative on the CRAG Board, the Me tro p o litan Service D is tric t, and the county liason with T ri Met, Port of Portland, Environmental Quality Com mission, Ijin d Conservation and Deve lopment Commission, ami Portland De velopment Commission. Gordan's main campaign is his idea to invest money in Oregon business even though investment out of state brings more interest. The other candidates oppose this plan, believing it is the Treasurer's responsibility to get the highest return possible on state invest ment. Jew el Lansing %/e k n o w tk o elootion q a n w Jewel Lansing is a candidate for the Democratic Party nomination for State Treasurer. Ms. Lansing has a Masters Degree from Stanford University. She has ten years experience with CPA firms and was a federal administrator in Europe. In three years she owned her own Certified Public Accountants firm. Two years ago she was elected Multnomah County Treasurer. Ms. I-ansing would give to the office of State Treasurer an understanding and expertise in fiscal matters and investments. Ms. lansing also has experience in teaching and counselling and has a long time concern for equal opportunity. "I will not only insure that minorities and women are on my staff, but will use my influence as State Treasurer to help insure affirmative action in all depart menta." Ms. Lansing opposes Gordan’s idea of investing state funds in Oregon businesses even if it brings less return, saying this would be illegal as well as being an unjustified risk of employer's retirement funds. She points out that the Multnomah County employee's retirement fund has developed a $30 million unfunded liability which Gordan has been in charge of on the County Commission. Ms. Lansing also advocates giving state employees the option of having their retirement funds invested in common stocks, which have lower return but greater security. id, a lip , . « ß n t ¿¿L Ik o u n lu u n ¿ o a n o w Representative Wally Priestley Dem ocrat - District 16 Democrats to Keep Wally Priestley Fighting for the People; Anne Knutson, Secretary. W e shall overcom e! Vencerrem os! HUlftttihUlUlilttli The State Treasurer performs many finanrial duties and is in charge of the investment of state funds. The Treasurer's office currently has over $2 billion in ^Rtatu money invested, about $WMI million of which is money held in trust for retirem ent benefits for state employees. About $400 million is Stale Accident Insurance and other trust funds, and the remaining are I^xal Government Investment Pool and tax revenue. Interest earned on these funds goes to pay for slate services. It is the responsibility of the Treasurer to invest in a way to maximise the benefits to the people. lÜltlUHlHIlÜI' S la te T re a s u re r Thursday, May 13, 1976 WEIMER’S SpncicdilU Black s Decker- <A gsu I w g A o CORDLESS TOOLS Rechargeable Energy Pak fit» variety of took. Buy it once, save money by buying only tool head in future I Clay M yers Clay Myers seeks the Republican no mination to State Treasurer. Currently serving as Secretary of State, Myers has held that office for eight years and was assistant Secretary of State for three years. Previously, he was in private business for sixteen years. Myers has served as Chairman of the Governor's Commission on Youth, is a board member of Ecumenical Ministries of Oregon, and is active in church and community affairs. Irv in M an n Irvin Mann is a candidate for the Republican nomination for State Treasurer. He is a livestock raiser. For sixteen years he »/as a state legislator, for five years was a director for the Port of Umatilla, and for three and a half years was director of the State Department of Agriculture. As director of the Agriculture Department, M rnn administered one of the state’s largest departments. “The purpose of government is to provide services of value to people that they cannot provide themselves. A successful government must fulfill this function rather than being punitive, negative and restrictive upon the public’s normal pursuit of livelihood and growth. tB * r;/.......;>7 & ....JJ: SHRUB TRIMMER HEAD r 3-PC. TRIM « SHEAR SHEAR and ENERGY PAK John Smets, owner of Smet's Machinery Company in la k e Oswego, seeks the Republican nomination. Smets is a member of the Health Education Advisory Committee of the State Department of Education, and Chairman of the Task Force of Industrial Advisory Committee of Lake Oswego. If elected, Smets would investigate the possibility of investing state funds in new energy sources and in 32s8 Double-edge 8%" blade 30 m inutes or more cutting per charge. 8923 SHRUB TR IM M ER HEAD Phone 281-1217 3940 N.E. Union Oregon business. 484» SPECIAL M a rv in H ollingsw orth Marvin Hollingsworth is seeking the Democratic nomination for State Treasurer. Hollingsworth is a Portland attorney. He is a former member of the board of directors of Mt. Hood Community College and taught at David Douglas High School. BA RBEO LE OCR S P E C IA L T Y Very BexMe pias Open 10:00 a.m. to 10:00 p.m.. Sun Thurs 10:00 a.m. to 12 midnight, Eri & Sat N.E. Union at A insw orth 2 8 3 -5 5 5 9 Since 1957 Deve taken care ot everything. 288-5138 Let’s expand property tax relief. Elect D em ocrat Stephen Kaföüry a*ow> r C aw p c y I <jms»»». 1905 N I Iftet Po.*»«4 Oregon «721J GREYHOUND RACING STA R TS THURSDAY M A Y2O TH C all us about: Indoor and outdoor b u ild in g m aintenance C lean-up a fte r construction Air conditioned 4th floor Club Skyview In d u strial m aintenance Grounds m aintenance Hom e m ain ten an ce COAST JANITORIAL SERVICE, Inc. Bullet dining on 3rd floor Fairview Terrace Post lime 7 30 p m Monday thru Saturday For information and reservations ___________ call 655 2191 Sorry, no Sunday racing and no children _______________ under 12 At Fairview Park NE 223rd and Halsey SI east out Freeway Bantield ________________ (I BON) MULTNOMAH KENNCLCLUB Measure 1 would amend Article X l-A of the Oregon Constitution to make more veterans eligible for State veterans’ farm and home loans. I f the measure is approved, some 25,350 more Oregon residents will be entitled to receive the loans, as follows: 1. Vietnam era veterans -- that is, those of military service of 210 days any part after January 31, 1960 who came to Oregon after their discharge and lived here for two years prior to May 1, 1977, would be eligible. Currently they must have entered service from Oregon to quality. An estimated 8,100 additional veterans would gain entitlement. 2. World War II veterans who came to Oregon following discharge and lived here for two years prior to December 31. 1965. Currently the two years' residence must have been before December 31, 1952. This would make an additional 17,250 veterans eligible. It is estimated that passage of this measure will result in $61.5 million more in loans in the current biennium. This will stimulate the economy of Oregon by: (a) Creating new jobs through home construction, purchase and im prove menta. This means jobs for carpenters, bricklayers, electricians, plumbers and all others involved in home construction and improvement, not to mention real estate, furniture and appliance sales personnel. (b) Bringing eastern capital into the State through the sale of self liquidating bonds to acquire the loan funds. (cl Making property taxpayers out of additional veterans, thus helping to share the tax load. la s t year, homeowners under the program paid $50 million in property taxes on homes and farms purchased with State veterans' loans. The loan program costs the taxpayers nothing. Quite the contrary: la s t year the net profit was $5.4 million, bringing the overall earnings since 1945 to $38.9 million. Passage of Measure 1 will put the Vietnam era veterans on an equal basis with World W ar II and Korean W ar veterans in granting the loan to those who moved to Oregon following their military service. (The measure has no effect on the post war residence requirement of Ko rean veterans. Their tw o y ea r residence in Oregon unless they entered service from Oregon remains at December 31, 1965.1 VO TE «I the way. le aataral. white. 3 90 BEG. 4-99. Gallenkamp I sh oes ra K Keep America On Its Feet L lo y d C e n te r , Dewatewe Portland • Eastport I a tj • M e a s u re ads v e te ra n s %/e w a n t youA, luukineAA Super Softy a u w u .u m .n i u .m iu u ii BEST EAST FOOD SERVICE IN TOWN 714 N . E. A lb e rta ENERGY PAK I:í— ........... . • ,*»>'•.......... ? / • ’ Cuts perimeter of an acre on one overnight charge. Recharger incl. John Smets R02ELL& GRASS SHEAR HEAD Chicago: $8.70 an how. Have friends, relatives or business in the Windy City? You can talk a full 60 minutes for only $8.70, plus tax. That’s if you call before 8 a.m. and dial direct without operator assistance. Go ahead Try it some morning after breakfast. 1 Pacific Northwest Bell
