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“....Willing To Share Burden In Fighting Inflation"
Perry Realtors President
Speaks Out On Inflation
Richard Goodroe, president
of the Perry Board of
Realtors, applauded National
Association of Realtors
Presideht Joseph B. Doherty
for making an effective
R ichard Goodroe
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REVIVAL OCT. 6-10
f
2ND MEMORIAL BAPTIST CHURCH
2
‘The Return Os Christ
According
To Scripture"
i
Nursery Provided Special Music
I
Rev. W.A. Venable Rev. Doug Boss
Speaker Pastor
7:30 PM each evening
r 11 ;00 AM & 7:30 PM Sunday
Dramatic Slides Presentation
On Sunday Evening
2ND MEMORIAL BAPTIST CHURCH
* KINGS CHAPEL HP. 987-3058 PERRY, GA.
presentation during the Mini-
Summit meeting September
12, in Atlanta, “one that
recognizes our role - as well
as our problems -- in the fight
against inflation.
“Our industry is willing to
share the burden in fighting
inflation, but we should not be
asked to carry the entire
burden,” Goodroe said.
“President Doherty’s
statement on behalf of
Realtors throughout the
nation suggests ways for the
administration to fight in
flation without making our
industry the whipping boy,”
he added.
Goodroe said that Doherty
emphasized that “an im
portant and long overdue first
step (in fighting inflation) is to
initiate a strict limitation on
overall federal expenditures.”
He recommended an across-
the-board reduction in
spending now, and a “man
datory 5 percent cutback
affecting all departments of
government phased in over a
two-year period.”
He continued, “Although
housing has borne the brunt of
much of the anti-inflationary
policy to dale, we fully expect
the Department of Housing
and Urban Development to
bear its fair share of the
cutback.
“For example, while we
fully support the im
plementation of some ex
perimental housing programs,
these could be carried out on a
more modest scale for the
time being.
“We support continued
restraint in the use of
production subsidies for
lower-income housing,” and,
while the new leased public
housing program has our
support, “we are willing to see
its implementation somewhat
scaled back or delayed, if
necessary,” Doherty added.
He also suggested that
reductions in government
expenditures should be ac
companied by some easing in
the availability and cost of
credit. “Certainly we have
learned a lesson, that ex
cessive reliance upon
monetary policy to bring an
end to the inflationary spiral is
doomed to failure.
“Such policies mete out
punishment to a relatively few
industries which are highly
dependent on borrowed funds,
while inflationary demands
are allowed to build and run
rampant in other sectors of
the economy,” Doherty ad
ded.
Goodroe said that Doherty
then offered several recom
mendations for solutions to
housing industry problems to
“strengthen the ability of
housing to compete for funds
during a shortage of credit":
-There should be greater
reliance on fiscal restraint as
a stabilization device. “Fiscal
policy is more precise and
flexible than monetary policy,
and can be applied selectively
with consideration for pockets
of hardship in the economy.”
-The added costs to housing
brought about by en
vironmental protection
requirements should be fully
assessed. “They (inflated
costs) should be weighed
against the advantages of a
clean environment along with
the costs and benefits of
related needs for housing,
energy production, job
creation, etc.
“In some cases, it may be
desirable to relax or defer
environmental controls on a
selective and temporary basis
to ease pressures on prices.
We do not believe, however,
that massive reductions in
environmental safeguards
would be either effective or
desirable as a major solution
The Houston Home Joma! r—
| bookshop \
By Rose Cook I
Jamaica Inn, by Daphne Du
Maurier, is available at the
Ferry-Houston County
Library
1 have been a fan of
DuMauricrs for many years
and have always enjoyed her
books, but Jamaica Inn
caught me unawares. It did
not seem to even resemble her
other stories in the plot or the
setting.
Jamaica Inn is a strange,
wild place in a part of the
country that is more often
dreary than bright. It sits far
from any town or neighbors
and casts a dark shadow on
everyone who goes near it.
People are afraid of the in
nkeeper, Joss, and no one goes
there at all. No one, that is,
except those lew who come in
the dark of the night and skulk
around (ill just before dawn
and then steal away into the
black places from which they
have come. During their visits
there are strange noises heard
throughout the night and
much slamming of doors and
rolling of wheels.
Mary Yellan did not want to
go to live with her Aunt
Patience at all but since her
mother’s dying wish had been
for her to be with her aunt, she
went without question. She did
New Books Arrive At
Perry-Houston Library
Perry-Houston County
Library hours are from 9:00
A.M. to 6:00 F.M. Monday
Ihrough Saturday.
NEW BOOKS IN THE
PERRY HOUSTON
COUNTY LIBRARY
Fiction
House of a Thousand
Lanterns, by Holt
One to Ride the River With,
by Hammonds
Exile of Ellendon, by
Warden
A Midsummer Tempest, by
Anderson
In the Springtime of the
Year, by Hill
The Rachel Papers, by Amis
The Half-Sisters, by Seton
Wallen Lot, by Cookson
The Flag Captain, by Kent
Break Heart Pass, by
Mac Lean
Millionaire’s Daughter, by
Eden
Longleaf, by Brock
Doom Campaign, by Mc-
Mullen
Blue Blood Will Out, by
Heald
Watership Down, by Adams
Emergency, by Heinz
Nonfiction
Stalking the Wild
Asparagus, by Gibbons
My Connemara, by Steichen
High Time, by Hillary
Gifts From the Kitchen, by
Myers
Reincarnation: the Second
Chance, by Leek
Just a Country Lawyer: A
Biography of Sen. Sam Ervin,
by Clancy
Glen Miller: Story of
America’s Most Unforgettable
Band Leader, by Simon
Babe Ruth: The Legend
Comes to Life, Cramer
China Painting: Step by
Step, by Taylor
to inflation in the housing
industry,” Doherty said.
-There must be im
provement in the ability of the
housing industry to compete
for scarce credit. “We support
the initiation of an investment
tax credit for institutional and
individual investors in
housing We also support a tax
exclusion or credit for in
duvidual depositors in savings
accounts as a means of
drawing funds into home
lending institutions.
“This latter approach is
not like the gloomy weather
and the lonely night but she
was sure that seeing her aunt
again would make things all
right. She was totally un
prepared lor the changes in
her aunt since she had seen
her.
Mary could not understand
how an inn could exist if it
never received overnight
guests and she could not un
derstand why her aunt had
become a frightened child
again. Soon curiosity got the
best of her and she began
nosing around to find some
answers. She found her an
swers all right, and soon
wished she had never
questioned anything. The
truth was almost more than
she could bear and she had to
fight to keep from becoming
as infantile as her poor old
aunt.
Your interest will be held
throughout every page of the
book if your stomach can take
it. The story is so full of blood
and terror and dirt that I
found myself debating over
whether it was interesting
enough to keep me reading on
over the nausea. The interest
won out and I must say I en
joyed the story very much in
spite of its excessive gore.
Buckminster Fuller: At
Home in the Universe, by
Hatch
Grandma Moses: Her Life
and Paintings, by Kallir
Potential: The Way to
Emotional Maturity, by
Downs
Listen to Your Heart:
Handicapped Children, by
Wentworth
FDR’s Last Year, by Bishop
Heart Beat Away, by Cohen
Times to Remember, by
Kennedy
Servicemen
Marine Lance Corporal
Charlie Bass, Sr., son of Mr.
Willie Bass, Jr., of 1323 Spring
St., Perry, was promoted to
his present rank while serving
with Force Troops, Fleet
Marine Force, Atlantic, at the
Marine Corps Base, Camp
Lejeune, N.C.
A former student of Houston
County High School, Perry, he
joined the Marine Corps in
January, 1973.
Private Shirlene Askew
graduated from the training
center for women in the Army
at Ft. Jackson, S.C. She is the
daughter of Mr, and Mrs.
Sherman Askew, 1329 Jackson
Lane, Perry.
Marine Pvt. Robert W.
Boddie, son of Mr. and Mrs.
William H. Boddie, of 1111
Oldfield Lane, Perry,
graduated from recruit
training at the Marine Corps
Recruit Depot, Parris Island,
S.C.
Classes include instruction
in close order drill, Marine
Corps history, first aid,
uniform regulations
especially atU active as the
encouragement of savings will
reduce overall demand, and is
thus counter-inflationary.”
-Redistribute some of the
burden housing is carrying as
a result of implementation of a
tight money policy. “This can
be done by pumping a limited
infusion of funds into the
housing sector, while con
tinuing to lighted up credit as
a whole."
He said this can be ac
complished by expanding and
subsidizing the Federal Home
Loan Bank’s advance
mechanism, thus bringing
down mortgage interest rates
across a broad segment of the
market. Any such subsidized
advances should be ear
marked for housing purposes
only, Doherty added.
He also recommended that
the emergency Federal Home
Loan Mortgage Corporation’s
mortgage purchase program
announced in May be rein
stated and expanded to cover
existing housing as well as
new construction.
“These existing houses have
lower average prices than new
and their sale is less in
flationary. Furthermore,
most new homes are pur
chased by owners of existing
housing, who must sell in
order to buy,” the National
Association president added.
Doherty also dealt with a
number of other issues in the
fight against inflation:
“While we do not endorse a
general tax increase at this
lime, we do not oppose
selective tax changes which
seek to assist hard-pressed
industries or remove in
consistencies in the tax law.
For example, we question the
continuation of the 7 percent
investment lax credit at a
time when monetary
authorities continue to
radically curtail the
availability of investment
funds,” he said.
Doherty also ruled out wage
and price controls “except as
a last emergency contingency.
On the other hand, we support
active government efforts to
encourage restraint among
business and labor groups.
“We feel that these kinds of
‘jawboning’ techniques could
be very helpful in the con
struction industry, where both
material prices and wage
increases have contributed to
high annual price rises,” he
added.
Awnings are in the
B-
This fall, the leaves aren't
the only things changing.
AT LAST!
RENTAL COTTAGES
on Lake Lanier. §)
Up to now you had to have an uncle who owned one to be able to
afford to spend a quiet weekend at a cottage on the lake.
Now there are cottages like you would build for yourself available to
rent for the first time at Lake Lanier Islands.
Beautifully designed with either 880 or 990 square feet of relaxing
room, these lovely cottages have two bedrooms, living-dining room,
complete kifchen, and bath. The larger cottages have two baths and two
separate entrances, letting you and your friends enjoy the lake, the
beach, and the quiet together.
This fall don’t fight the traffic and confusion. Just rent a cottage at
nearby Lake Lanier Islands and enjoy the changing for a change.
For Information and Reservations Call: (404) 945-6731
LAKE LANCER, LTD
P.O. Box 1213, Buford, Georgia 30518
.fIH
HOUSTON HOME JOURNAL THURS., OCT. 3, 1974,
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B%II\ITEREST
Compounded Monthly Paid on Senior Notes
NO FORFEITURES OR PENALTIES
FOR WITHDRAWAL
We pay interest on your money from the day you
put it in until the day you take it out, regardless of
how soon you take it out. For example, if you
leave SI,OOO for one day you would get 22 cents
interest; if you left it one week $1.53; or one
month, $6.67. No forfeitures or penalties.
Likewise you may withdraw a portion of your
money at any time without penalty or forfeiture.
We would pay interest on old principal up to day of
withdrawal, and on new principal from then until
another withdrawal or redemption.
These Senior Notes give you 8% NOW! You do
not have to tie up your money for 4 years—or for
any amount of time—to get it.
Minimum investment $25.00. Senior Priority.
Your money instantly available with interest up to
date of withdrawal at 8% per annum compounded
or paid monthly.
FRANKLIN DISCOUNT COMPANY is a Georgia
owned and Georgia-operated consumer finance
company which:
• Has been in business over 33 years
• Has over $10,000,000 in Resources
• Has over $1,500,000 in Stockholders' Equity
• Has over 1,700 Investors in 32 States
• Has 26 finance offices in Georgia
Please phone or call our local office or mail
coupon for a brochure and prospectus which
describe the Company, its operation and financial
standing, and which give more information about
the Senior Notes.
Franklin Discount Company
Post Office Box 880
Toccoa, Georgia 30577 Telephone (404) 886-2107
Please send Brochure and Prospectus on 8% Senior Notes.
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PAGE 5-B