»—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.