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About Griffin daily news. (Griffin, Ga.) 1924-current | View Entire Issue (Aug. 25, 1977)
Banks Multibank holding companies keep away from smaller banks ATLANTA (AP) — Despite warnings that big banks would “gobble up" little banks if given the chance, fewer than a dozen small banks have been bought by their bigger brothers in the year since multibank holding companies were sanctioned in Georgia. “All the hollering about gobbling up the poor little banks was unrealistic for the short term,” said Bob Moler, deputy commissioner of the state Department of Banking and Finance. But he added, “Where we’ll be 20 years from now is any body’s guess. There’ll probably be some gobbling up in your better locations, but there are some places I guarantee nobody wants to go.” Tom Watson was doing a good part of the “hollering” when the Georgia Legislature was preparing to pass the bank holding bill. The big banks which control the holding companies have gone slow in buying the little ones “because they haven’t got the money right now,” said Watson who is executive direc tor of the Independent Bankers Association of Georgia. “But they will be more active in this area,” he said. “It’s still definitely a hazard." Georgia’s bank-holding bill took effect July 1, 1976, and since then Trust Co. of Georgia, owner of Atlanta’s Trust Co. Bank, has gotten state and fed eral approval to buy banks in F Learn to " Prepare Income Taxes I« Like to meet the public? • Want to earn extra money? • Work accurately with figures? Enroll in the H & R Block Income Tax Course beginning soon K in your area and learn to prepare income taxes for yourself. I your friends and as a source of income Job interviews available for best students Send for free information and class schedules today ■ H&R BLOCK ’■ contact the office nearest you: 129 West Taylor Street Phone 227-1704 I Please send me free information about your tax | I preparation course. I understand there is no — I obligation. I Name ■ ■ Address | State Phone Bi B clip and mail todayß ■ X’9’ 5 — ii v/ 1 ■* ▼*■«»’* *»a« w W: jjlr t wy , -g; Z x y husk < \ '■* Add Spring ' ih Juflßgß. SHflfr to Your Table V * AH Year Round! ' 1 ( 12 Colorfully Decorated Glasses Each glass is colorfully decorated with the officially recognized "Flower of-the-month", the name of the £■ ■J I flower and month. Each tumbler carries a romantic -1Y description or historic story describing the individual JP flower. Grace your table with these stunning pieces. I GOODE-NICHOLS Furniture 206 - 208 South Hill Street — Phone 227-3634 Smyrna and Jonesboro in the Atlanta area as well as banks in Brunswick and Albany. First National Holding Corp, of Atlanta, parent firm of First National Bank of Atlanta, has moved to take over banks in Savannah, Dalton and Nor cross. And holding companies organized around Fulton Na tional Bank and Columbus Bank and Trust Co. have reached agreements to buy four others — Doraville and Duluth banks for the Fulton County firm and LaGrange Banking Co. and Commercial Bank of Thomasville for the Columbus company. Customers at Security Na tional Bank of Smyrna now find signs that say Trust Co. Bank of Cobb County, indications of the bank’s new relationship with Trust Co. of Georgia. But other banks bought by holding companies have re tained their names and most of their same employes. It seems likely that many of their cus tomers haven’t noticed any dif ferences. Both friends and foes of bank holding companies agree the differences are there. But they disagree on what they are. The holding companies say they can furnish a huge partner to share the risks of big loans. And they say they can provide services smaller banks can’t pay for by themselves — trust departments, data processing computers, international bank ing connections. “We help when there will be a positive benefit to the cus tomer,” said a spokesman for Trust Co. of Georgia. But along with the help comes the spectre of orders from big city bankers — usually in Atlanta — who have little in terest in the life of the smaller communities, Watson com plained. “You’re married irrevocably, and you can’t get a divorce,” he said. Far from conceding the inevi tability of such marriages, Wat son said the Independent Bank ers Association is trying to bor row a few tricks from the bank holding companies. “We’re trying to beef up our own association to provide member banks some of the same services,” he said, men tioning the practice of several banks going together to back up a big loan granted by a member bank. And he said the group is working on a network of data processing centers for use by members. “We’re not going to get real big and sophisticated,” he said, just big enough to keep a mem ber from rushing to the arms of a bank holding company “where he has to take whatever they have available to offer him.” The strategy of small banks Here’s how Decorator offers some painting tips By VIVIAN BROWN AP Newsfeatures More women are painting their own homes, outdoors and indoors, especially in the Mid west where there are so many frame houses. It is one reason Sue Barna, 29, travels to some 1,600 home decorating centers from time to time in her job as a decorating consultant. She passes on trends and new ideas in paint ing and decorating. More emphasis is now being put on choosing colors to save energy, getting the most out of materials in the interest of economy and learning how to prepare for a job, she said. “For example, a paint job that is otherwise good can be a waste by lack of preparation of shingles and clapboards. I have done it myself. Once I used a wire brush and laboriously chipped away at peeled paint only to find in a short time that the same area had chipped and cracked again,” says Ms. Barna, who is a do-it-yoursel fer. She often teams with her husband on big jobs. Later she learned a lot about moisture and that it causes banding together might be suc cessful, said Frank King of the Federal Reserve Bank in At lanta. “If it would work for the holding companies, it ought to work for a number of banks,” he said. A number of other states have allowed bank-holding com panies to buy smaller banks far from their home bases for some time, and there has been little “gobbling” of little banks, King said. “It hasn’t happened any where,” he said, pointing to Tennessee and Florida as re cent examples. In those states, clearance to buy smaller banks led to a flur ry of sales at first, “but the rate has slowed down appreciably,” he said. Both Watson and Moler agreed that Georgia’s relatively light first year of bank-buying by holding companies doesn’t establish a definite trend. Watson spoke in terms of “maybe we can hold the holding company banks off for a long time.” Moler said the big banks have “kind of gotten their feet wet, testing the water” so far. It’s still to be decided, he said, whether they will eventually wade into little-bank buying, stay out of the water or jump in with both feet. “about 80 per cent of exterior paint problems.” Moisture works its way out of the house from the shower, steam iron and dishwasher, and then there is snow, rain, sleet and even dew that can build up on win dow sills and dormer areas to cause problems. “Little metal wedges can be used to foil moisture, but some women do not know about them. Inserted about every foot or so under a shingle or a clapboard in a moisture area, the wedges will allow the mois ture to escape rather than build up from behind,” she ex plained. She’s also into other moisture solutions — caulking, attic louvers and exhaust fans which can be problems. Ms. Barna likes to talk about economy. Some people try to skimp on paint, and they buy less than they need, hoping to stretch it some way. No matter how good you are at figuring the quantity of paint, more, hot less, should be bought so that the color will be uniform, Ms. Barna advises. Unopened paint can be returned. If paints are selected on the basis of energy savings, keep in mind that it makes little differ ence whether light or dark col ors are chosen. In four seasons, cool and hot, color and energy even off. More important in choosing colors is to consider the adja cent houses and how your house will relate to them, she said. If in doubt, white goes with everything. She also stresses the impor tance of buying good brushes — they’re a good investment. Use a 4-inch brush for large areas, a 2%-to 3-inch brush for shut ters and trim, a I‘6-inch oval brush or sash tool for painting window sash and moldings. Stir paint thoroughly before beginning a job, and be mindful that water-based coatings should not be applied at tem peratures below 55 degrees. It’s a good idea to avoid painting early in the morning when the house may be dew-laden, or too late in the day when the dew might condense on not-yet-dry paint. Indoors, Ms. Barna sees a trend to lighter paints because they reflect light. Gray and shades of coral are coming back. Light green and blue are popular. All colors that com bine with white are good. In dark colors, reds, greens, blues in deep rich shades are being used. There is also a trend to using heavier wall coverings — vinyls, grass cloth, burlap, rather than single sheet cov erings. “Natural and conservation ideas continue because people have learned how much fun it can be to recycle things and use them with antiques or con temporary furnishings,” she ex plained. In her job as national decora ting consultant for Sherwin-Wil liams, she has observed that some areas of the United States are more sophisticated than others — the coastal states and the Midwest — so she works about six months ahead with decorators in the stores, she says. 1 * k > e- In a mm Spitting contest INDIANAPOLIS—Mary Helen Barnes of Pendleton, Ind., lets loose with a ten foot effort in the 1977 Indiana State Fair tobacco spitting contest at the Fairgrounds. Mrs. Barnes, the only woman to compete against 25 men, was more than 14 feet short of the winner but won a small spittoon for her sportsmanship. The winner was only three feet short of a national record. (AP) John Busbin completes degree John Rollin Busbin of Griffin is the first Spalding Sheriff’s deputy to earn a bachelor of science degree in criminal justice. He graduated from Georgia State University, working his way through and attending classes at night. Busbin joined the sheriff’s lIAUCTIONI I REAL ESTATE LIQUIDATION I (Property of Meeks Realty, et al) GRIFFIN, GA. WED., AUG. 31, 7:30 P.M. This is a special liquidation of Spalding County area sub divisions, houses, farms and commercial properties. Each property sells individually for the highest dollar bld. Check this partial list: PARCEL NO. 1 32SUBURBAN ESTATES IN CAMBRIDGE ESTATES SUBDIVISION. Located in Fayette Co., has paved streets, wooded and open tracts, many luxury homes M already built. Pay 20 percent down, balance financed over 7 years + 4.5 percent add-on. PARCEL NO. 2 (16) lots in Habersham Subdivision, located on Futral Rd. in Spalding Co., all lots com pletely wooded, stream on some tracts, Futral Rd. has been approved for county paving. Pay 20 percent down, balance over 7 years + 6.5 percent add-on. ■ PARCEL NO. 3 35 ACRES DIVIDED on Futral Rd. in Spalding County. This property will be offered divided into 5 tracts, approx. 7 acres each or as a whole. Pay 20 percent down, balance over 7 years + 6.5 percent add on. PARCEL NO. 4 VINEYARD VILLAGE SHOPPING CENTER, includes 9,000 sq. ft. complex, 7 tenants, all excellent leases, good income. Located on Hwy. 19 & 41, North Expressway, 1 mile North of Holiday Inn. Excellent Terms are available. PARCEL NO. 5 (4) ACREAGE TRACTS on Baptist Camp Rd., approx. 1 acre each, approved for Farm Home Loan. PARCEL NO. 6 41.55 ACRES on Baptist Camp Rd., all wooded, rolling terrain. PARCEL NO. 7 (3) LOTS ON TEAMON CIRCLE, 2 lots approx. 2 acres each, 1 lot approx. 3.07 acres. Paved road frontage. Located 5 miles north of Griffin. PARCEL NO. • (5) ACREAGE TRACTS in Orchard Hill Estates, located 5 miles South of Griffin, paved streets. Crescent School District. PARCEL NO. 9 (3) ACREAGE TRACTS ON Mc- Donough Rd. 0.61 ac., 10.00 ac., 42 ac. All have paved road frontage, located: Take Hwy. 16 east from Griffin to Hwy. 155, right, cross 4-way stop at High Falls Rd., property is 4 miles on left. Some tracts have creek frontage. LISTEDHERE IS JUST A BRIEF DESCRIPTION OF EACH PROPERTY, CALL FOR FREE ILLUSTRATED BROCHURE FOR MORE IN FORMATION Sale Site: Banquet Room of the Vineyard Village Shopping Center, Hwy. 19 & 41, North Expressway, 1 mile North of the Holiday Inn in Griffin, Ga. INSPECTION: All properties now available for in- HUDSON AND MARSHALL I INC. I LIQUIDATORS AND AUCTIONEERS 7 I 3683 HOUSTON AVE., MACON, ,GA. PH (912) 781-2601 I I Page 25 department in August, 1974, and has risen from deputy to the rank of criminal investigator. He and his wife.Kimberlywho is employed at Piggly-Wiggly, have a daughter, Bridgett, 2. He is the son of Mr. and Mrs. Harvey Lamar Busbin, Sr., of 314 Main street. Griffin Daily News Thursday, August 25,1977 Pet Report The Spalding County Animal Shelter reported the following dogs are being held for adoption or reclaim: SHEPHERD-TYPE, one black and brown female; one tan and white male and one black and tan male. DACHSHUND-TYPE, one black female and one red female. HOUND-TYPE, 2 black and tan hounds, male and female. MIXED BREED, 4 puppies; one small black dog with touches of tan found on Morris Mills road and Hwy. 155 and one short hair terrier-type with collar but no county tag. The animal shelter is open for adoption or reclaim from 8:30 a.m. until 5 p.m. during the week. School Again Sale August thru September ' (We Don 7 Buy from the Manufacturer We ARE the Manufacturer) c '°X\s Back To School T-Shirts at BARGAIN PRICES SIGNAL MILL OUTLET • 537 W. To,lor St. C/ o tCxta Phone 228-2802 Next Door To Sears (BAC | |MC I [visa I y cO n’ ®°* ns I CS& I Lbankl Vx'o*'' th®*** PARCEL NO. 10 (3) ACREAGE TRACTS on Hall Road, includes: 9.38 acres in Spalding County, 3.18 acres in Henry, and 6 acres in Henry. PARCEL NO. 11 43 ACRES on Green Valley Rd. known as Spalding Co. Farm. Completely fenced, 35 acres in Fescue, 3 acre stocked lake, paved road frontage, 2 miles south of Griffin. Pay 20 percent down, balance over 7 years at 9 percent. PARCEL NO. 12 (4) LOTS in Shoal Creek Subdivision, part of Griffin Country Club, each tract has gas, water, and sewerage. 1 lot on lake, 3 on first fairway. PARCEL NO. 13 COMMERCIAL LOT on south 9th st. 69 X 147', next door to doctor's office and across the st. from hospital. PARCEL NO. 14 45 ACRES in Lamar County, has good timber, creek frontage. May assume 59,800 + 6 percent simple for 7 years, balance + 9 percent for 7 years with 20 percent down. PARCEL NO. 15 14.97 ACRES in Lamar County, all wooded with stream. Go 1-75 to High Falls exit, weston High Falls Rd., to Bartley Taylor Rd., left, property 1000' on right. PARCEL NO. 16 182 ACRES DIVIDED In Lamar Co. excellent timber, offered divided into 3 60 acre tracts or as a whole. Has 2600 ft. of road frontage. Assume existing financing, pay 10 percent down, balance over 7 years + 9 percent. PARCEL NO. 17 HOUSE & 1 ACRE LOT located at 209 W. Vineyard Rd., 2 bedrooms, 1 bath, kitchen, living room, presently rented. PARCEL NO. 18 HOUSE AND LOT at 111 Elizabeth St. in Griffin, newly remodeled. PARCEL NO. 19 19.55 ACRES DIVIDED into 3 tracts, located on Candler Rd., near the Vaughn Community. Wooded & open tracts. Pay 20 percent down, terms negotiable. PARCEL NO. 20 HIGH FALLS PROPERTY, 3 tracts, all wooded, near High Falls Lake on Blount Rd. 3.45 ac., 3.61 ac., 4.2 ac., paved road frontage. spection, appointment should be made to see the houses, shopping center. TERMS: Unless otherwise specified, all properties have a minimum financing available of: 20 percent down, balance over 7 years + 6Vi percent add-on. INFORMATION: Call sale manager Ron Zieve or the auctioneers TOLL FREE: 1-800-342-2666. Representatives will be on duty at the sale site all day Aug. 31. G.A.L. 274 r ..‘-L ■ The City Pound reported they are holding the following dogs for adoption or reclaim: LABRADOR-TYPE, one black female, about 9-months old. BEAGLE—TYPE, one young female, black, tan and white. MIXED BREEDS, 10 dogs of various sizes, colors and sexes. They all would make ideal yard dogs. The City Pound is open for adoption or reclaim form 8 a.m. until 4 p.m. during the week and from 3-4 p.m. on Saturday and Sunday. Many Styles of Wedding Invitations Hensley’s Card and Gift Shop 121 West Solomon St. Phone 225-129 S
