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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
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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 *
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& ....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
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v e te ra n s
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John Smets
R02ELL&
GRASS
SHEAR
HEAD
Chicago: $8.70 an how.
Have friends, relatives or business
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