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Eagles Pay Tribute To David Burson
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EAGLE SCOUTS OF THE Newton-Rockdale District were present to pay tribute to their friend and fellow
Eagle at the dedication of the David Burson Scout Lodge Thursday evening. Left to right are: Johnny
Gregory; Darrell Huckaby, Porterdale; Mike Morgan, Covington; John Fountain and Julian Gregory.
Crowd Honors David Burson At Dedication
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MANY FRIENDS OF THE LATE David Burson, his family, and Scouting attended the dedication ceremon
ies of the David Burson Scout Lodge Thursday evening in Oxford. The lodge was a project sponsored
by the Oxford Lions Club in memory of this outstanding Scout and citizen of their community. Seated
with members of the Burson family on the front row is Tom Uffleman, Chief Scout Executive of the
Atlanta Area Council, Boy Scouts of America.
uhr drive-in
HUD THEATRE
Jet. Highways 11-278-18
Phone 786-0561
Than., Frl., July 24-25 — Doublu Feature
"GUNS OF THE "JOANNA"
MAGNIFICENT 7"
Satudray, July,26 — Double Feature
"GUN FOINT" "THE DEVIL'S BRIGADE"
Audio Murphy Wm. Holdon
Sunday, Monday. Tuesday. July 27. 28, 29
PRODUCTIONS M . I I I O » I fl X
presen! Bl ' ^'T j
e- '•4.
COLOR Oy Detu> United Artiste F/>. .a— ..sl
Wed., Thun., Frl., July 30, 31. • Aug. 1— Double Feature
"A FISTFUL OF DOLLARS" | "FOR A FEW DOLLARS MORE"
Clint Eastwood
BINGO FRIDAY AND SATURDAY
CITIZENS OF COVINGTON
We request the co-operation of all
citizens to uphold rules and regulations
pertaining to the operating of landfills.
LANDFILL #1- Located on Jackson Rd. This
Landfill to be used for garbage only. Hours
8:00 A.M. - 4:30 P.M. Closed on Sat. and Sun.
LANDFILL # 2 - Located on Covington Municipal
Airport Rd. This Landfill to be used for trash
only. Hours 8:00 A.M. - 4:30 P.M. Closed on
Saturday and Sunday.
Anyone caught starting fires at either
landfill-or violating any of these rules
will be prosecuted.
CITY OF COVINGTON SANITARY DEPT,
and STATE HEALTH DEPT.
(Best Coverage; News, Pictures, and Features)
Study Shows
Sharp Drop In
Purchase Power
Washington, D. C.—A noted fin
ancier once said about money,
“It’s called cold cash because
we don’t keep it long enough to
get it warm.” This statement
is even more true nowadays with
higher taxes, increased Social
Security deductions, and inflatio
nary trends taking bigger bites
out of take-home pay.
Finance Facts, a monthly news
letter on consumer behavior pub
lished by the National Consumer
Finance Association, shows just
how quickly money comes and
STRAND
THEATRE
COVINGTON, GEORGIA
Thursday, Friday, Saturday
July 24, 25, 26
Richard Burton
Clint Eastwood
"WHERE EAGLES DARE"
Monday,
July 28
Vara Miles
Richard Boone
"KONA COAST"
COMING SOON
2001: A SPACE ODYSSEY
Economist Cites Truth
In Lending Law Provisions
A new law which went into ef
fect July 1 provides a number of
advantages for all users of con
sumer credit. According to Miss
Lora Laine, home management
specialist with the University of
Georgia Cooperative Extension
Service, it is the Truth in Lend-
Industry Sponsors
Foreign Language
Executive Training
More than 700 American
corporations are financing
language training for their
key executives before sending
them abroad to conduct a wide
range of business activities.
When American business
first began—on a broad scale
—to send executives overseas,
it was not common practice for
corporations to finance lan
guage training. Today, it is
the exception for U.S. business
not to know that it pays—and
pays well—for executives to
speak the other fellow’s lan
guage upon arriving in his
country.
Robert Strumpen-Darrie,
president of the Berlitz Schools
of Languages, a 91-year-old
firm with schools in major
cities all over the world, re
ports that American business
now has more than 100,000
representatives overseas.
Wives Taught Too
He said that more than 700
U.S. corporations — 300 of
them among Fortune Maga
zine’s top 500 companies—are
financing language training
for their executives before
sending them abroad. In many
cases, too, Mr. Strumpen-
Darrie said, corporations are
financing language training
for wives. They have found
that where both husband and
wife speak the language of the
new country in which they will
be living, both will profit cul
turally, socially and business
wise.
Six Month Lead
The most popular languages,
Mr. Strumpen-Darrie said, are
French, Italian, Spanish, Ger
man and Russian. Most firms
have found that men trained
in a language before being
dispatched overseas have at
least a six-month “jump” on
the man who can’t speak the
language. This also means a
saving to the corporation be
cause a man is not wasting
time learning a language on
the job. Under the Berlitz
Method, he already has a work
ing knowledge of the language
when he arrives for his foreign
assignment.
goes.
The newsletter points out that
a man who earned $5,000-SIO,OOO
In 1949 would now have to earn
about 60 per cent more today,
to maintain the same purchas
ing power.
A married couple with two
children and a $5,000 income in
1949, paid $344 for Federal in
come and social security taxes,
leaving $4,656 in net income.
To have the same purchasing pow
er in 1969, this couple would need
SB,IOO before taxes. Prices have
increased 50 per cent and $2,-
306 has been lost through in
flation. Social Security deduc
tions have increased from $30.00
to $374.40, and combined with
the Federal income tax, the total
of these two types of taxes at
current rates would be $1,138 this
year.
To equal the purchasing power
of a SIO,OOO income in 1949, the
married couple with two child
ren would need $15,920 in 1969.
________
MOONLIT
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CONYERS, GEORGIA
Than., Frl.. Joly 24-25
Julie Andrews
"THOROUGHLY
MODERN MILLIE"
Technicolor
Also
Don Knotts
"THE GHOST
AND MR. CHICKEN"
Technicolor
Saturday, July 26
Lee Ven Cleef-Thomas Milian
"THE BIG GUNDOWN"
Technicolor
Also
Tony Franciosa-Michael Sarrazin
"THE SWEET RIDE"
In Color
Sunday, July 27
Mia Farrow-John Cassavetes
"ROSEMARY'S BABY"
Technicolor
Also
Lee Van Cleef
"THE BIG GUNDOWN"
Mon., Tue.. July 28-29
Mia Farrow-John Cassavetes
"ROSEMARY'S BABY"
Technicolor
Wednesday, July 30
Rod Taylor-Claudia Cardinale
"THE HELL WITH HEROES"
Technicolor
Also
Tim Conway-Joe Flynn
"McHALE'S NAVY JOINS
THE AIR FORCE"
Technicolor
THE COVINGTON NEWS
Ing Law.
“This law requires all credit
ors to provide easy to read infor
mation concerning the relative
cost ofcredit in percentage terms
and how much you pay In dollars
for credit,” Miss Laine said.
More specifically, Miss Laine
pointed out the law will do these
things for you:
Show you exactly how many dol
lars a credit deal will add to the
price of what you are buying.
Make it easier for you to de
cide which credit source offers
you the best deal.
Help you make price compar
isons despite the confusing term
inology that is used in credit
contracts.
Miss Laine said the true an
nual interest rate is the only
reliable yardstick for measuring
one creditor’s lending charge
against another.
“Many consumers haven’t re
alized that when they accepted on
a discount loan quoted at five
percent and spread over three
years, they really were paying
a true annual interest rate of 11
percent,” Miss Laine said. That
small charge of one and one-half
perfect per month on a revolving
account equals a not-so-small
18 percent per year, she added.
Miss Laine said the “easy
terms” of a personal loan com
pany might mean as much as 30
to 40 percent Interest before
the loan is paid.
The Truth in Lending Law Is
essentially a labeling law. Miss
Laine said It’s up to the consumer
to read the labels.
My Neighbors
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Tomorrow’s “universal credit
card” may well be available to
day at your local bank. More
than 25 million Americans now
have bank credit cards. Last
year they charged upwards of
$1 billion worth of goods and
services on these cards. This
year, both totals are certain to
increase sharply.
To find out what this new
bank service offers for the bank
ing average American family.
we interviewed
the bank in g
industry’s top
spokesman,
Willis W. Alex
ander. Mr.
Alexander is
president of
The American
Bankers Asso-
ciation and also president of
the Trenton Trust Company,
Trenton, Mo. Here’s what he
had to say:
Q. Mr. Alexander, why are
banks getting into the credit
card business?
A. Well, a credit card is just
another form of installment
credit, and banks have been in
the installment credit business
for years. It’s a logical exten
sion of an existing service.
Q. How does a credit card
resemble an installment loan?
A. Essentially, it’s a “line of
credit.” This is a businessman’s
way of saying that the bank
thinks your credit rating is good
enough to lend you any amount
of money up to the purchase
limit of the card. However, in
stead of requiring you to make
out a new application everytime
you want a small loan, the bank
grants you one continuing loan
which operates like a revolving
charge account.
Q. Could you explain how a
bank credit card differs from
the “expense account’’ credit
cards used by businessmen?
A. Well, for one thing banks
permit delayed repayment
whereas the card plans you re-
LET US REMODEL YOUR HOME!
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KITCHENS-ROOFS -ROOMS-DENS-CARPORTS-PORCH ENCLOSURES
PRATT-DUDLEY Building Supply, Inc.
"COVINGTON’S MOST COMPLETE BUILDING SUPPLY”
PHONt: 7U.3415 COVINGTON, GEORGIA ATIAHTA HIGHWAY
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EARTHBOUND SPACEMAN —A workman who must have something in common with
astronauts (not to mention the photographer) pauses near the top of a 1,527-foot triangular
tower at the Atomic Energy Commission’s Test Site near Jackass Flats, Nevada. A small
accelerator —commonly called an atom smasher —is mounted on a tower hoist. By raising and
lowering the hoist, the distance and angle of radiation from the accelerator to experimental
targets can be varied. One use of the facility is to measure the radiation shielding characteristics
of various materials.
If you have ever said, “I haven’t
a thing to wear” you may be
telling more than you intended to
tell. You may be telling that
you don’t plan your wardrobe.
If you want to eliminate that
old complaint, just remember
every wardrobe has a basic core
around which it is built.
Newton County ladies can do
this wardrobe planning with little
fuss and bother. First, inventory
the clothes you have now. I
mean list every garment, acces
sory and underfashion. It’ll take
YOUR FAMILY FINANCE:
A CREDIT CARD FOR EVERYONE?
fer to normally require pay
ment in full each month. Inci
dentally, they are commonly
called “travel and entertain
ment” cards, because these are
the areas where they are most
commonly used. Many well-to
do individuals have T&E cards
for their personal use. Bank
credit cards, on the other hand,
are designed for families with
moderate incomes primarily for
retail purchases at local stores.
Q. Then bank cards are lim
ited to hometown use?
A. Not necessarily. Card syn
dications and cooperative agree
ments between different card
plans have made it possible for
a local bank’s card to be used in
many parts of the country. Os
course, most people use them
primarily for local purchases
and probably will continue to
do so, notwithstanding their
nationwide acceptability.
Q. Isn’t the bank just dupli
cating the revolving charge serv
ices offered by local department
stores?
A. To a degree, this is true.
However, a bank credit card
does the same job as a handful
of cards from different depart
ment stores and it affords the
customer a better control over
his credit total and repayment
commitments. The stores bene
fit, too. Banks handle the bur
densome chores of checking
credit ratings, keeping accounts
and making monthly billings.
An additional advantage is that
stores too small to maintain a
credit department now find it
possible to offer the convenience
of credit-card shopping by join
ing a bank credit card plan.
Q. What interest rate does a
card holder have to pay?
A. None, if he chooses to pay
the bill in full each month.
Otherwise, he will usually pay
a rate of I*4 percent per month,
which is 18 percent per year
simple interest. Incidentally,
this is also the standard rate
charged by department stores
Willis W. Alexander
(Our Advertisers Are Assured of Best Results)
A Thing To Wear
some time. But the rewards
are worth the effort.
Second, list the activities in
which you normally partici
pate—shopping, church, clubs,
conventions, evenings out and sp
orts.
Now compare the two lists. Do
you have at least one outfit—
from underfashions to accessor
ies—that’s right for each activi
ty? If you do, you are probably
in better wardrobe shape than
you thought. If you don’t you
know your wardrobe weaknesses.
on revolving charge accounts.
Q. ^"hat happens if the card
is lost or stolen? Is the card
holder liable for all purchases
made on it?
A. Some states place a legal
limit on such liability, others
don’t. As a practical matter,
though, the card holder won’t
be held liable for thousands of
dollars worth of merchandise
obtained through fraudulent
use of his card. First, he isn’t
liable for any purchase made
after the bank has been notified
of the card loss. Second, most
banks have a nominal limit on a
customer’s liability for pur
chases made with a lost card
before the bank has been noti
fied of the loss. This is usually
somewhere between SSO and
SIOO, and the main reason for
retaining any such liability is to
encourage a customer to notify
his bank immediately if his card
is lost. Incidentally, many
homeowner’s insurance policies
can be written to include pro
tection from liability for lost or
stolen cards. However, I know
of no case in which a bank has
held an individual responsible
for large fraud losses when his
card was lost or stolen.
Q. Isn’t it likely that this
easily available credit will en
courage people to spend more
than they can afford?
A. The facts refute this. By
centralizing his credit, he is less
likely to over-obligate himself.
After all, a bank credit card
has a number of built-in safe
guards. Every application is re
viewed just as critically as
though the customer were bor
rowing the maximum amount
chargeable on the card. The
mass mailings used during the
start-up stages of a credit card
program are subject to careful
screening. Only the names of
potentially good credit risks are
used. As an extra safety meas
ure, these are cross-checked
against lists of people who have
a poor record in handling credit.
Thursday, July 24, 1969
You know areas to consider when
you are ready to make or pur
chase additions to your ward
robe.
Choose garments you can mix
and match with changing acces
sories if you want to get the
most from your planned ward
robe. Imaginative putting toge
ther is the creative art you’ll
be practicing.
Choose a few basic accessor
ies—shoes, bags, hats, glov
es—and plan garments which may
be worn with these.
Remember, planning is the key
to successful wardrobe building
and successful dressing.
Once a card has been issued,
there are still other safeguards.
Each card has a purchase limit.
If daily records show that a
card holder has used up his full
line of credit, he must obtain
permission to make additional
purchases. This is like applying
for a second loan. To keep close
track of card activity, there is
a relatively low “floor limit” on
the amount of any individual
purchase. This is often around
SSO. Any purchase over this
amount must be cleared with
the bank by the salesman to
make sure the customer isn’t
exceeding his credit line.
Q. Does all of this make it
difficult for a person to qualify
for a bank credit card?
A. Not at all. Almost anyone
with a steady job who has han
dled credit reasonably in the
past will have no trouble in get
ting a bank credit card. Strange
ly enough, most people tend to
underrate themselves when it
comes to credit. The vast ma
jority of Americans are respon
sible about using credit.
Q. It sounds as though the
bank credit card is a big step
toward that “checkless society”
mentioned so often lately. Is this
true?
A. Personally, I would put
the checkless society quite a bit
further in the future than many
of today’s seers—if it ever does
come about, that is. However,
it is true that the bank credit
card is a step towards less use
of checks, and that’s a good
thing for the economy. Check
handling and processing is a
rather expensive means of
transferring money.
Such cards might eventually
evolve into some sort of identi
fication or verification device
for use in connection with the
electronic transfer of funds.
Today, though, a hank credit
card is just installment credit
in a more versatile and con
venient form.