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Wasninglonfi?ncporl
~ Inflation has risen from a
single-digit figure four years
ago to double-digit at the
present time. In addition,
the nation is in the midst of
the most serious recession
since 1973-74. This economic
condition is generally known
as ''stagflation.”
N N e
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P NAATY
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The blame for inflation
has been placed on various
sources by politicians, edito
rial writers and economists.
It ranges from corporate
profits or labor unions to
OPEC. military spending or
rising prices.
None of these is the cause
of inflation.
Intlation. by definition,
means ‘'to enlarge ex
cessively. increase unduly.
puff up...” In free market
economics. the definition is
“"an overissue of a country’s
currency. especially paper
currency not redeemable in
specie (coin with intrinsic
value).”
Who controls the money
supply? Not labor unions.
Nat OPEC, iNot rising
prices. Not corporate prot
its. Not local or state gov
ernments
The tederal government
controls the money supply.
When countertfeiters
Write or call: Rep. Larry McDonald, 504 Cannon Bldg.
Washington, D.C. 20515 (202) 225-2931
Printed as a public service by this newspaper.
Palm and Card Reader ‘
Advisor in all problems of life. Tells your
past, present and future. wh P
(& ]
906 LaFayette Rd.
Rossville, GA 30741 "
Phone 1-404-866-9948 e
COME, CALL OR WRITE 4
New Houses
For Rent
In Lyerly
* NATURAL GAS HEAT
* WELL INSULATED
* REFERENCE AND
DEPOSIT REQUIRED
Phone for Appointment
Or Apply in Person
Bill Ramsey
Phone 895-2723
AUCT JION |[saTuroar.
DEC. 13
3700 SQ. FT. HOME — 3 LAKES
SELLING IN TRACTS OR AS A WHOLE
CEDAR GROVE, WALKER COUNTY, GA.
LOCATION: From LaFayette take Highway 193 West for 10 miles, turn left onto Cove Road, go
4 miles, turn right at Cedar Grove Grocery onto Crow Gap Road, follow arrows %2 mile to pro
perty.
LAND — 161 acres, with 135 acres wooded and 25 acres open — 1080 foot frontage on Back
Valley Road and 1320 foot ‘fromage on Crow Gap Road.
LODGE — 3765 sq. ft. - 3 bedrooms, 2 full baths, living room, 30 x 40 den with fireplace, 25 x 45
game rcom with indoor grill - 2 kitchens with all built-ins, large front porch.
WATER — 3 lakes, minnow ponds and Mill Creek on property - large lake having 5 acres, well
stocked, overlooked by the lodge.
Selling in acreage tracts or as a whole - sale to be held on the property - representative on the
property Sunday, December 7 from 2:00 to 5:00 p.m.
AND SOMS
SPROVIL 9 .
DEMPSEY L OPB coveany, inc
Ray Dempsey Georgia Auctioneers License No. 101 Phone 404-291-0746
Lynn Dempsey 302 W. 3rd Street - Rome, Georgia Liiahint -+ Bandstt - Tisurell
print worthless pieces of pa
per and call them currency,
they are put in ail. When the
federal government prints
worthless pieces of paper,
bureaucrats and politicians
call it “'priming the econom
ic pump.”
When Congress and the
Administration appropriate
more currency for various
programs than there is
available tax revenue, a det
icit results. That deficit is
made up by either borrowing
currency from the private
market (thereby drying up
plant expansions. home
building. etc.) or by
“monetizing "~ the debt
through the Federal Re
serve System. It can also be
done by a combination ol
both methods —the worst ot
all worlds. In a greatly sim
plitied manner, ‘‘monetiz
ing’’ means that “the Fed"
simply creates money and
credit out of thin air —
somewhat like coun
terfeiters.
When this additional
worthless paper or credit is
added to the economy. it
takes value from the coin
and currency already in
circulation. Since cach unit
of money 1s worth less.
merchants and companies
are forced to raise their
prices to obtain the same
value for their service or
merchandise that they en
joved prior to intlation.
The solution is simple but
it is not easy and neither will
it be done overnight: end
tfederal deficit spending. cut
spending and reduce taxes at
the same time.
You and Your
Schools
Whimsical Tale Has
Element Of Truth
It's not unusual for a
school board member to
receive a telephone call from a
distressed parent who is con
cerned about “What that
teacher said ...ordid ..."”
I have learned to withhold
shock or anier — and
sometimes laughter — until
checking deeper. Too often it
isa l\iross misrepresentation.
y friend, Dr. Peter
Everett of Florida State
University and a fellow school
board member, sent me a copy
of ““Communication.”” It's not
new. You've heard it before.
But it's worth repeating.
from front page .
compliance with the order, as
did the countg; school board.
Denson put the millage rate
for county maintenance and
oEeration at 11 mills, while
the school maintenance and
operation millage was set at
12.25. To%ether with .25 mill
set aside for the state and .4
mill earmarked to pay off
school bonds, the new total
county tax rate comes to 23.9
mills, compared to. the 29.5
mills that had been set
previously before the assess
ment increase was announced.
While the county must by
law roll back its millage rate
to offset the new assessment
increase, municipalities are
not required to do so. Accor
ding to several local officials,
a city which leaves its millage
rate the same as last year
would in effect be instituting a
26 percent increase in city pro
perty taxes.
Municipal leaders will have
to make a decision on that
}.)oint before taxes can be col
ected. The cities and counties
share the same tax digest, a
compilation of all properties
and assessments prepared by
the county.
Accorging to Chattooga
Tax Commissioner Jerry
Money, one important conse
quence of the state’s decision
to raise local assessments will
be that the increased valua
tions will i)ush a segment of
mostly elderly residents
beyong their homestead, dou
ble homestead and school tax
exemptions, thus requiring
them for the first time to pay
taxes, in some cases.
Although the amount of taxes
may be relatively small, he
said, the development is a
matter of concern for
residents on fixed incomes.
How much property will
local governments have to tax
against, and how much will
they raise from taxes for their
operation under the new levy?
According to Arch Farrar
Jr., county attorney, the net
value of property (after ex
emptions) taxed against the
county (for maintenance and
operation) is slightly above
sll7 million, with the county
earmarked to raise $1.29
million in taxes. The school
system can tax on s9l million
in é)roperty values (also ex
cluding deductions), and its
maintenance and operation
millage is designed to raise
sl.l million in local tax
money.
The figures above assume
100 percent tax collections,
when in reality only about 80
percent of the taxes owed each
year are collected. Part of the
difference (between the 80 and
100 flercent figures) is offset
by the fact that back taxes
collected can be applied to the
current years.
COMMUNICATION??
A school superintendent
told his assistant superinten
dent the following: ‘‘Next
Thursday at 10:30 a.m.
Halley's comet will appear
over this area. This is an event
which occurs only once every
75 years. Call the school prin
cipals and have them assem
bl‘e’ their teachers and classes
on their athletic fields and ex
plain this phenomenon to
them. If it rains, then cancel
the day's observation and
have the classes meet in the
auditorium to see a film about
the comet."”
Assistant superintendent
to school principals:
“By order ‘of the
superintendent of schools,
next Thursday at 10:30
Halley's comet will apfear
over your athletic field. If it
rains, then cancel the day’s
classes and report to the
auditorium with your teachers
and students where you will
be shown films, a phenomenal
event which occurs only once
everPy 75 years."
rincipals to teachers:
‘“By order of ths
phenomenal superintendent of
schools, at 10:30 next Thurs
day, Halley's comet will ap
pear in the auditorium. In case
of rain over the athletic field
the superintendent will give
another order, something
which occurs once every 75
years.”’
Teacher to students:
“Next Thursday at 10:30, the
Superintendent of schools will
ap(rear in our school
auditorium with Halley's com
et, something which occurs
every 75 years, If it rains, the
superintendent will cancel the
comet and order us all out to
our phenomenal athletic
field.’
Students to parents:
The features youd
_pay mor fi f@l;
you pay less for:
————————
000 x
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MODEL Mw2l7w2 (I i fith,'{
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PHONE 857-3451
West Washington St. Summerville
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“When it rains next Thursday
at 10:30 over the school
athletic field, the phenomenal
75-year-old superintendent of
schools will cancel all classes
and appear before the whole
school in the auditorium ac
companied by Bill Halley and
the comets."
* * *
Dr. Everett did not include
what parents say to board
members but it might go
something like this: Parent to
board member:
“Why are you closing the
schools and forcing the
students to stay out in the
athletic field when it rains?"
Why, indeed.
* * *
THOUGHT: The flyin(f
rumors gather'd as they roll'd,
Scarce any tale was sooner
heard than told;
And all who told it added
something new.
And afi who heard it made
enlargements too. — Alex
ander Pope
ONE MINUTE SPORTS QuIZ
1. How many of Joe Louis’
68 bouts were knockouts?
2. Name the latest AL base
ball player to hit 20 or more
doubles, triples and home
runs in one season.
3. Kyle Rote Jr., is known in
what sport?
4. What year did Jim
Plunket win the Heisman
Trophy?
Answers To Sport Quiz
1. Fifty-five.
2. George Brett.
3. Soccer.
4. 1970.
Requests
Kermit Watch
Dear Santa Claus,
My name is Gabe Tallent
and I am 5 years old, and am
in kindergarten.
For Christmas please bring
me a Spiderman car, a Bat
man car, Kermit the Frog
watch, a golice motorcycle,
electronic Snoopy Playmate,
Snoopy's Pound-a-Ball,
Mickey Mouse talking phone,
My Pal Snoopy, Super Mr.
Potato Head, Igot Wheels Ser
vice Center and Off-Road
Racer.
Please remember my
sister, Amber, and all the
other children.
I will leave you coffee and
cake under the tree.
Love,
Gabe
* * *
Wants Skates
Dear Santa Claus,
For Christmas I want a
four ten, skates, and a head to
head basketball and to you a
Merry Christmas.
Jonathan Rutledge
Lyerly Elementary Stu
dent
* * *
Asks For Bike
Dear Santa,
I'm a little boy 7 years old.
My name is Michael Crow.
I'm in Mrs. Turner’s
kindergarten class at Sum
mervilFe Elementary.
I tried to be a good boy
this year.
For Christmas I'd like you
to bring me a bicycle, a Sport
and Shave Ken, a Sbom?er
race car set, and anything else
you'd like for me to have.
Please don't forget my
sister and my mom.
We love you, Santa,
Michael BeWayne Crow
Summerville
P.S. We'll leave you some
cake and coffee under the tree.
Shop Duff’s —Chattooga County’s Largest!
FURNITURE AND HOME
DECORATOR ACCESSORIES
SOLD AT DISCOUNT PRICES!
DESKS .
Oak, Pine, Maple L T
g:;crfsAt ) $288075 ,- \ofi‘;;v
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Christmas
Check List
»Oval Rugs, 9x12,
9x15
+ Floor Stereo
+~ Wooden Rockers
+~ Grandfather Clock
+~ Mantle and Floor
Clocks
+ Quilt Rack
+ Lazy-Boy Chairs
v~ Glass Ware
~ Wooden Wares
+ Disco Light
» Strobe Light
+~ Head Phones
+ Infinity Lights
~ Snooze Alarms
+~ Stereo Cabinets
+~ TV Stands
~ Floor and Table
Lamps
+~ Child’s Rocker
+~ Junior Size Rocker
+ Stereo Cabinets
+TV Stands
SAGITTARIUS — Nov. 23 to Dec. 21 — As the hustle and
bustle of the holiday season befins. slow down long enox;fih to
remember someone who is less fortunate than you. A small act
of kindness on your part can make a great difference in so
meone's life.
CAPRICORN - Dec. 22 to Jan 19 — Enjoy the festivities of
the holiday season without letting your routine become
disorganized. You can maintain a status quo by eating and
drinkma in moderation.
AQUARIUS - Jan. 20 to Feb. 18 — Stay away from con
troversial matters this week. Never harbor hatred in your heart.
Learn to be for%ving.
PISCES — Feb. 19 to March 20 — Take care of financial
obligations as they arise. A good credit rating is essential for
your fieace of mind. Buy only those thin§s you can afford.
ARIES — March 21 to April 20 — A favorable week can be
e:é)ected for personal affairs. Do holiday shopping early in
order that L¥'ou can have a relaxed and hagpy Christmas.
TAURUS - Afiril 21 to May 20 — Expect a pleasurable
week with early holiday social events. You will see old friends,
many of whom you have not seen for a long time.
GEMINI — May 21 to June 20 — Count your blessings as
you go into this hapgly holiday season. Plan to be more con
siderate and thoughtful of family members.
CANCER — June 21 to July 22 — Don't let the humdrum
feeling of this week's activities iet you down. This social season
for the holidafi will soon make life seem much more exciting.
LEO — July 23 to Aug. 22 — Use diplomacy in all dealings
with others. Read some books on positive thinking. You can
gain greater control of your personal feelings.
L&RA - Se?‘t. 23 to Oct. 22 — Become involved in the
church of your choice. Peace of mind and happiness can be
found there. You are an img}orumt being in the world.
SCORPIO — Oct. 23 to Nov. 22 — Give less thoufiht to get
ting and more thought to giving. You must wor hardß to
achieve a more generous nature, but with more effort t,vou can do
it. In your heart you are aware of the importantce of this trait.
COME DO YOUR CHRISTMAS SHOPPING AT
1314 CENTRAL AVE. TRION
RSP SAIT IT P T U IRT R RTNF AR TER F e
NEW STORE HOURS—
Mon.-Sat. 9 a.m.-6 p.m. and Sunday 1-5:30 p.m.
Velveteen & Suede Blazers
Plaid & Plain Skirts ............$10.98
ROUETODD . ..o v sidhicnsin s DA
Nikki & Traveler Blouses .......$12.98
P .. i ik AT
Dresses .............$12.98 t 0 $19.98
Pant Suits .......$12.00, $19.98 and up
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W. Washington St. — Phone 857-345]
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