Image provided by: North Santiam Historic Society; Gates, OR
About The Mill City enterprise. (Mill City, Or.) 1949-1998 | View Entire Issue (Feb. 21, 1963)
»—The MUI City Katerpripe, Thursday, Feb. 21, IIMW a Salem Scene , (oaaumer I'roUetlMi lull« Introduced •Several consumer-protection bills have been dntppcd Into Hu- 1963 legislative hopper. One calls for the licensing of trle- phone solicitors. Another would prevent turning-back mileage indicator speedometers. Still another calls for large one- inch letters on bread packages, to Indicate the weight of the loaf Must prominent of these, per haps. is a Hoposul by Sen. Don S Willner (¡^Multnomah (kxrn- ty) <m<l IS other leg la hi tors which would require retail mer chants who offers credit to dis close the annual rate of Inter est charged, and to provide the buyer with a copy of lite con tract. Sen Willner told us the bill (8. It 179) does not intend to tell the merchant "how much interrat" he may charge. "It merely requires that the pur- chasor be told the true annual Interest rate he la |>aylng." he said "Some Oregonians get In serious trouble by using too much credit without tiring aware <>f Its cost." "1 feel this is a fairly simple bill," he added, "which would require a standardized state ment showing rates ut Interest paid on retail Installment pur chases "When s consumer protection bill Is Introduced," Willner of fered, "the question is always naked whether It is needed. I hope that Orrgonlans who have purchased giodi on the Install ment plan without knowing the trua Interest charge will write me and let me know whether they think a law of this tpye IS needed In our state." Sen Willner believes a dis closure bill will serve a gen uine public service, lie feels tlie ' cunaumers are frequently an unrepresented group at the legislature. We wanted to get the retail ers* opinion of this proposed legislation, so we sought out George Wollenberg, chairman of the Oregon Retail Council. a statewide association of retail merchants. While pointing out that mer chants generally agree with a tuli-diacloaurr principle. Wollen- berg protested strongly that the requirement to disclose "annual rates of in teres" wvuld result in more <mt less consumer <• infusion interest and percentages, themselves, are confusing" Woll- enberg explained "People don’t think in terms of interest, but In terms of dollars and cants. They are paid in dollars, they make their purchases in dol lars. and they better understand dollars. "It isn't Iways possible to by Robert determine actual interest rates particularly if It has to be quot ed In per annum* terms," Wollenberg said. He drama tized this with the following example; "A man buys a I'M auto bat tery on credit lie agrees to pay IZl in tour bi-weekly install ments <4 |!i each, followed by one final payment of 32. How much whs his interest rate? "'nils Is seemingly simple problem" Wollenberg said, 'was asked of several persons md experts. Here are the re sults ; "A U 8. Senator came up with three different answers - • r .. MM .in'! ioi%. ’¡lie Library of Congress spent in hour figuring It und said the rate was 1295%. A PhD in economics couldn't solve It. "A college professor took 30 minutes md decided it was 118 9%. "An Insurance expert said the answer should be 125.33%. "A statistical expert tor u fin ance company said It could not be figured ck>aer than from UU'i to 130%. "And the trust officer of a bank, figuring it on their 'dis counted, instead of 'simple.* in terest system determined the answer was 74%. "The problem is not yet solved,'* Wollenberg added. Getting back to his teellnga on the interest discoeure bill. Wollenberg suggests that 1 t would be much simpler and easier for the buyer to under stand and the retailer to cal culate-- if the disclosure were made in dollars and cents. What the customer is really paying is not entirely 'Interest' anyway," he said. "It's the difference between interest and the time-price differential, or the coat of servicing the credit account." He explained that many re tail credit departments lose money, because of such expen ses as collections, postage, maintenance of extensive rec ords and ledgers, plus the ac companying additional p a y- rulls He said the proposed consum er protection bill might even be "superfluous." since he is "not aware" of any Oregon re tailers offering credit who re fuse to notify Uie customer of what InstaUmct buying will cost him. But if the lawmakers do give serious consideration io the bill. Wollenberg hopes they will understand that "a require ment to disclose credit costs in Sin dollars and cents is far more practical than one re quiring disclosures in terms of annual interest rates." Lyons Extension Unit Holds February Meeting Thursday LYONS The Lyons Extension Unit held their February meet ing Thursday in the Basement of the Methodist Church begin ning at 10 30 a. m A sack lunch was enjoyed at the noon hour. During the business meet ing a discussion wss held on l>rogram planning with Eleanor 1-nMunyon In charge. Topics were Foods, redecorating home, budget buying and reflnshlng furniture. Plans were also dis cussed for the Spring Festival which will be held April 4, in the Methodist Church in Albany. Die next meeting March 19 will tie held at Riverview near Scio beginning at 10 30 with a pot luck dinner at the noon hour. Subject of the day will be "Choosing Becoming Clothes", with Belva Covey, Linn County Extension Agent to give the demonstration. Subject of Thurs day meeting was Social Secur ity with a general discussion held with 1-aura Neal in charge replacing Mrs. Elmer Limbeck and Mrs. Ed James who were unable to attend. Present for the meeting were Mmes. Arthur Olmstead, Eldon Gilson, Roy l-umbrrt, Gene Pennington, Charles Cruson. Lewis Dougall, Floyd Bassett, Lester LaMun- yon, Mrs. Sadie Reynolds and Mrs Laura Neal. GATES drove to Beaverton Sunday where they visited their son and daughter-in-law, Mr and By Marlon Mtovall Mrs. Earl Henness and family. Mr. and Mrs Earl Ixiuclu and They also visited Mr. Henness’ Daisy Geddes attended the IJnn uncle and aunt, Mr. and Mrs. County Historical Society meet IJncoln Henness, at the North ing in .Sweethome Sunday. west Christian Home in Bea Mr. and Mrs Clare Rush en verton. joyed a Sunday drive over the Mrs. Vic Herron was a week Santiam Pass. T hey reported end visitor at the home of her that thare was very little snow daughter, Leatta McCall, in and the roads were clear. Salem. Mr. and Mrs Joe Bowes and The Gates Women's club will Mr. and Mrs. Clyde Oliver were in Portland Friday to attend the meet Thursday (today) at the funeral of Charles McKee. He Clubhouse. was a former resident of this Sunday visitors at the home area. of Mr. and Mrs. H. N. Wilson Mr and Mrs James K. Keefe were Mr. and Mrs Fred Jacob und family of Port Orchard. of Gladstone. Mrs. Jacob was Wash., were Sunday visitors at an elementary teacher at Gates tiie home of Mr. and Mrs. Jerry some years ago. Rosamond. The Gates Community church Mrs. Charles Schobert of Port young people's group attended land Is visiting at the home of a Slngspiration at the Church of her daughter, Mrs. Joe Bowes. Christ in Sweet Home Satur Mrs. H. N. Wilson visited day evening. A guest speaker Mrs. Martha Bowes at the Mar from the Northwest Christian ian Home in Sublimity last College in Eugene addressed the Saturday. Mrs. Bowes will cele group of over 100 people from brate her 94th birthday Febru various communities in the ary 27. area. Refreshments were serv Mrs Bill Bickett's sister, ed following the meeting. Mr. Mrs. E. A. Newsome, who has and Mrs. Bob Aillston and Mike *en staying with the Blcketts Wilson drove Mike and Chuck iince their mother’s injury, re Swaim, Ellen Rust, Kandee turned to her home in Wil- Henness, Rhonda McWhirk and nington, Calif. Saturday. Mr. David and Nellie Wilson to the Jew some returned to California special service. •he week before Miss Phyllis Mr and Mrs Bob Skippen of Bickett of Salem spent the Eugene were Sunday visitors at weekend at the home of her the home of Mr. and Mrs. parents, Mr and Mrs. Bill George Stovall. Larry Lundin, Bickett. who had been a weekend guest Mr. and Mrs. Glenn Henness of the Stovall's, returned to FOR SALE OR TRESPASSING THE MILL CITY ENTERPR1BM Why Dow’t YOU Moertta 4» FOR RENT a In transferring property you might well have a lawyer check your papers before you sign them. Note: Oteion lawvert otter thia column at a public aervice. No parton thould apply or interpret any law without the aid of an attorney. vho it completely adviced ol the facta involved. Even a alight variance in facta may chant* the application III flip law. Advertising in The Mill City Enterprise LYONS—The February meet ing of the Lyons Garden dub was held in the tire place room of the Mctnodist Church Wed nesday afternoon with Mrs. Floyd Bassett and Mrs Clyde Bressler as hostess. Dainty re freshments were served preced ing the meeting carrying out the Volentine motif with the table and room decorated for the accession. Each member an swered to roll call by telling things that need to be none now in the garden. A general dis cussion was held on the care and transplanting of rhodoen- drons. Also the Neal Park was discussed in a way that the club might be of some benefit later. Games were played and winning prizes were Mrs. Alex Bodeker, Mrs Ralph Downer and Mrs. Orville Downing. At tending were Mmes Earl Cot ton. Glenn Julian, Otto Weid man, John Lengacher, David Danlleson, Ralph Downer, Earl Allen, Charles Cruson, Alex Bodeker, Warren Edwards. Har ley Scott, Orville Downing. Chester Robinson, Mrs. Peart Hudson. Mrs. Laura Neal. Mrs. Alice Huber, Mrs. Donna A*- mussen and the hostesses Mrs. Bassett and Mrs. Bressler. NO HUNTING Krijwcl fur I du* .Mahri Democracy I nt what they claim to check. But such searches may not turn up unrecorded liens, surveys, or the unrecorded rights of par ties. The buyer should check these out himself from the seller, the tenants, or the neighbors. Imperfect titles turn up now and then: Sometimes to clear up flaws, one needs to go to court, naming parties and giv ing public notice of his action for anybody else who might have a claim to come in to assert it. Once filed, some claims are good on any property of an owner. Such things as judg ment liens and tax claims ap ply against owners as such, and not his land alone. Even though recorded, a forged document such as a deed, or "agents without power,” or deeds made by an incompetent person are not valid. Lyons Garden Club Has February Meet. Buy Your Signs From THE MILL CITY ENTERPRISE ITS YOUR LAW TITLE PROTECTION One of the things the law does is to set up ways to pre vent property disputes by keeping good records. In the old days of small com munities, land holdings passed from one genera tion to the next without lawsuits. Few questioned a land title which came down through a long line of ances tors. As cities grew, land became broken up and fell into strang ers’ hands. They lacked fam ily backgrounds or unbroken records of occupancy. Hence "title searches." Title searches go from seller to buyer back through the long chain of titles, finally to the United States. In going back, the searcher looks to deeds and other public records for all restrictions, easements, and interests anyone may claim in your land. The county recorder keeps a record of land titles. By going through his indexes you muy search a title, but title com panies make "abstracts" of their searches and keep them at hand on cards. They need not trace ouch title each time. They can work fast from their own records accumulated over the years The title company insures Eugene with the Skippens Sun day evening. Mr and Mrs. George Stovall, Miss Barbetta Krogman and Larry Lundin of Eugene enjoy ed dinner out in Salem Friday evening. Mr. and Mrs. L. F. Allen visited relatives and friends in Portland and Molalla last week end. Miss Janice Novak <4 Salem and her fiance, Jamie Baugh man, were visitors at the home of her p«uents, Mr. and Mrs. Frank Novak. Jamie, who is in the Army, is on a 15-day leave. He had been stationed In Korea, and will report to Fort Carson, Colo., after his leave is over. Mrs. Marla Blalock is having a jewelry fashion show at the home of her mother, Mrs. Mar garet McWhirk. Saturday, Feb ruary 23 at 2 p. m. and is ex tending an invitation to every one who would like to attend. The Santiam Canyon Home Extension Unit will meet Thurs day, February 28 at the club house at 10 a. m. Following the potluck luncheon at noon, the county home extension agent will present the lesson, "New Directions in Color Decorating." Anyone interested is invited to attend the meeting. Saturday evening, the Gates Volunteer Fire Dept, members hosted their annual Sweetheart’s dance, honoring their wives. A buffet dinner was served to 36 guests who enjoyed the dinner, conversation and dancing to re cords. If We Don't Have What You Want We'll Make It For You.
