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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (Jan. 21, 1982)
Dates in the life of Martin Luther King, Jr. These are some o f the important dates in the life o f D r. M a rtin Lu ther King, Jr. January ¡5, 1929. M artin Luther King, J r., was born in A tla n ta , G eorgia. Being a keen and in te lli gent young man. King was able to bypass the ninth and twelfth grades. At 15 he entered Morehouse College in A tlanta. In 1948 he declared his career preference in theology. A fel lowship to study fo r a doctorate soon followed at Boston University. Here he met Coretta Scott, a voice student. They were married in 1953. H is thesis for a P h .D . was com pleted in 1955. M ontgom ery, A la bama became home and history was in the making. Dec. 1, 1955. M rs. Rosa Parks boarded a Montgomery public bus. The bus began to f ill up and Jim C row started crowing. The driver directed the Blacks to give up their seats. M rs. Parks m aintained her ground and was arrested. The next day a bus boycott was called. Black people in that community developed other means o f transportation. The Supreme Court ruled on bus segre gation in Alabama and found it un c o n s titu tio n al. The o rg an izatio n that spearheaded the boycott, the Southern Christian Leadership Con ference, had triumphed. A fte r this King went head on with the South ern crim in al justice system and throughout his career was arrested thirty times for defying Jim Crow. In 1958, while in New Y o rk pro moting Stride Tow ard Freedom , a book about the M ontgom ery boy cott, a Black woman stabbed him. During this era in history, sit-ins were beginning to occur all over the Jim Crow South. In February, I960, King jo in ed a sit-in at Rich's D e partment Store in A tlan ta. He was arrested and a presidential candi date, John F. Kennedy, telephoned M rs. King. This call was credited with turning the Black vote towards Kennedy. From the N orth Freedom Buses carrying Blacks and whites to the South helped in attac kin g lo n g standing racial barriers. Between I9 6 0 and 1963 cities in the South and later on in many northern cities, found themselves under seige. The tactic that K ing em ployed, non violence, was pitted against the vio lence o f segregationist and police brutality. •‘ Bull” Connor, Birming h am ’ s C om m issioner o f Public S afety, ordered police to use fire hoses and police dogs on marchers. Four little Black girls were killed when a bomb exploded in a Birming ham church. A ugust 28, 1963. The famous M arch on W ashington occurred which was the largest ever recorded. Here King awakened the world with his " I have a dream” speech. Ju ly 2, 1964. President Johnson signed the C ivil Rights Act o f 1964. This law opened parks, stadiums and other public facilities to Black people. Public accomodations such as restaurants, hotels and gas sta tions were to be desegregated. October. 1964. The Nobel Foun d atio n in S to ckh o lm , Sweden awarded D r. M a rtin Luther King. Jr. the Nobel Peace Prize. M arch 7, 1965. D r. King led the Selm a-to-Montgom ery voter rights march. He was arrested and many civil rights marchers were clubbed and gassed by A la b a m a State Troopers. June 6. 1966. S to kely C a r michael, o f the Student Nonviolent C o o rd in atin g C o m m itte e , in a speech at the Freedom W alk from M em phis to Jackson coined the phrase, "Black Pow erl” March 25, 1967. D r. M artin King and D r. B enjam in Spock led a march against (he Vietnam W ar. At this stage in his life, King moved out o f the finite cause o f civil rights into the in fin ite struggle o f human rights. M arch 28, 1968. K ing was in Memphis to assist and support the sanitation strike. A p ril 4, 1968. D r. M artin Luther King was killed by a single bullet that tore into his neck. I remember Grassroot News. TV. IF .— The humaneness o f D r. M a rtin Luther King, Jr., was reflected in his love for children and the common man. M rs. Lenora C . M o rris o f M o rris Enterprises, Ltd., says that King be came a leader because he remem bered the everyday people. " I first met D r. King in 1963 in D etroit. It was a deeply emotional tim e. You felt to ta lly in awe o f the m an. In spite o f his down-to-earth-ness you really felt that he cared about you. He was able to cut through com plexities and bring the struggle down to the people so they could understand. King related the prob lem to the people so that each indivi dual could address it. This was part o f his greatness.” Dr. King had the knack o f indivi dualizing the problems o f racism, exploitation and discrimination. He used the tactic o f nonviolence to confront the ailments o f this nation. “ He did not feel that being violent in the end meant survival for Black Americans. He hoped people could come together to negotiate the prob lems and do what was necessary. In that sense we’ve lost what King was about.” According to Mrs. M orris, Black people would not be in the situation we’ re in today i f D r. K ing were alive. " W e would be closer to free dom and that’s the main reason why he isn’t here.” Mrs. Morris attended the March on Washington in 1963. “ I f I were the greatest w riter in the w o rld I would not have been able to capture the emotions on that day in Wash ington, D .C . I believe that the M arch on Washington should stay with us and that we should get be hind those issues that were raised. The problems are still with us. W ith in the next two years we should push and get behind the cause to make Dr. M artin Luther King, J r.’s birth day a national holiday. W e would be letting King down if we didn’t.” In King’s time he was not without his critics. The dispute was centered in his nonviolent philosophy. ‘ ‘ There is a need to look at what King stood for. Some Black people d o n ’ t even realize what King was about. W e have been brainwashed to not even want to pick up our own cause. The sacrifices that occurred show that there is a price for freedom ; King taught us that we must be willing to stand up.” «. These days, good advice is often harder to find than a good deal. If you’ve got money people with little or no to save or invest, you previous connection to never had it so good. the business of invest Talk about opportu ing other peoples nity. Its practically money are popping up lined up on your door all over the place with step, just begging to their version of the make you a bundle. sure thing. Everything horn Bra Some of them can zilian coffee beans to deliver. However, Chicago pork bellies very few will work as to seventh century hard as Oregon Bank Chinese pottery. to see t o t the invest It would seem ment you choose is you absolutely posi ideally suited to your tively cannot miss. special needs. Maybe. For us, that’s Because the gold working to see you that sailed past $800 get the best balance of an ounce just 23 safety, a high rate of months ago, sells for ______________ _ ---------- return, and liquidity. about $400 less today. And, the hot rumor That’s offering more than a single solution. about big money to be made in trading soy bean Everything from IRA/Keogh Plans to All futures seldom if ever includes the cautioning Savers to NOW Accounts to some other ideas reminder that a leveraged futures investment you never expected from a bank. can literally disappear in a matter of minutes. That’s fully explaining any hidden costs or That’s why we’re not prepared to launch conditions t o t could present an unpleasant our customers’ hard-earned dollars into specu surprise after you buy. lative exotica at a time when there have never That’s making your alternatives easy to been more high return, low risk alternatives understand. It’s emphasizing t o t there’s for the prudent investor. no such thing as “the only thing? Which may help explain why so many That’s helping you look ahead to possible future tax consequences, Social Security isn’t enough a critically important new consideration with current V>u need IRA now tax codes. That’s working with you as a long-term partner instead ofa fast sale or con commission. If you’re not getting is t o t kind of help now, How much w ill an IRA «row? maybe you could use some good advice. Our kind. $ 900 Can you live on $ 3 8 3 * a month? That's about what you'd be getting if Social Security was all you had to retire on. Most people need more Io get by And one of I he best ways to get more is with an Oregon Bank IR A (Individual Retirem ent Account). H A « '« e lig ib le ? Effective January 4, 1982. IRA's are available to a ll wage earners W h a t'» th e m in im u m i n o n t n e n t ? $25 pervxl. Anyone can afford our IR A . I If i ourse, you can add to your account any time during the year until you reach your maximum allowable contribution. N o fees are required for our regular IR A account Annuni Contributvm W h a t'» th e m a x im u m c o n tr ib u tio n ? $ 2 0 0 0 a year per wage earner. $4000 if you and your spouse both earn income. $2250 a year if your spouse doesn’t earn income and you establish tw o IRA's. W h a t good i» a n IH A r ig h t n o w ? You don't have to pay federal taxes on money deposited into an IR A Federal lax on all interest earned is deferred until you begin withdrawing. Th en you only pay tax on the amount withdrawn each year. Your tax brac ket then will most likely be kiwer. It o i n t e r n ! r a le » f lu c tu a te ? Our tegular IR A an 18 month instrument with interest accrued daily, and <(impounded After 10 Years After 20 Year» After .'10 Years A fter 40 Years $ 8.958 $ 33.012 $ 97,598 $ 271,016 $1,000 $17.917 $ «6.025 $195,197 $ 542,033 $2,000 $35.834 » 132,050 $390,394 $ 1,084.066 TaWem based on the indicated annual contribution, made on the last day of each year, payms 1) * annual interest < ornputed on a daily basis,< /impounded and c rw lik d quarterly 10'* is used unly for example purposes Actual rate may fluctuate and credited quarterly. Th e interest rate may be adjusted weekly to reflect current market conditvms. Contact any Oregon Bank off» e for the current rate A re th e r e o th e r op tio n »? Yes. If you prefer, you can choose a 2 Mi year fixed rate IR A A fixed rate IR A requires a minimum deposit of $500. We also have IR A plans where your tributions are placed in a portfolio of various funds or into the stocks and bonds of your choice. A fee is required for this service. W h a t a b o u t u 'ith d rn u 'a l» ? You can start at age 59W. If you withdraw before that time, you will have to pay 10'» federal tax on the amount withdrawn and include that amount as part of yisir regular taxable income for the year. In addition, there is a substantial interest penalty for early withdrawal. Ilo ic lo n g r a n / c o n tr ib u te ? Iled w tible contributions are alkiwed until age 70W. Al that time, you must begin making withdrawals in periods amounts or in one lump sum. W h e re r a n / open a n IH A ? Any one of isir 49 brant hex • A w » 1 « S . . 1 S^. uew, myrnenl ihewxl.Jun, ItMl V . tai S .. urn, MmMMratlrm Inf.^mu.m Mmntiw tra c BANK AN ORBANCO COMPANY Page 12 Section II Portland Observer, January 21,1982 I