Portland observer. (Portland, Or.) 1970-current, January 21, 1982, Page 28, Image 28

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    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.”
«.
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was all you had to retire on. Most people
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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
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