The Panola Watchman (Carthage, Tex.), Vol. 106, No. 41, Ed. 1 Thursday, August 23, 1979 Page: 4 of 43
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A 4 PANOLA WATCHMAN Carthage Texas August 23. 1979
Editorials ★ Columns ★ Opinions~~)
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SENSING THE NEWS
Chrysler bids for a bailout
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The Lonely Heart--
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When an attractive young nurse working in the emergency room
heard Ashby say he was from Carthage, she had a question for him
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Fire of undetermined origin
gutted Edd's Truck Stop
Several of us in the office had smelled smoke early in the morning
We were not alarmed as Les Bice was melting lead in the printing
shop This usually results in smoke and an unpleasant odor During the
lunch hour, the office girls noticed smoke was drifting from the
air conditioning vents and the odor was bad
After calling the fire department, I began to alert the employes and
called, "Whoever is in the darkroom, come out " Bob was developing
pictures for this week's paper Since Jim Stevens is vacationing, Bob
thought that was my way of notifying him that the fire alarm was
ringing and he should make the routine phone call to check He used
the phone in the darkroom to hear in answer to his "where's the
lire It's at your place, where are you ’''
Then Bob, red faced, came out of the darkroom saying he felt like a
dummy and turning. "You really embarrassed me " Sorry, Bob We
had only an electrical problem and no damage to the plant
Do you know Mrs Thurman’" she asked
The nurse Joyce Majuire, was referring to Nell Thurman and Ashby
told her he knew Nell quite well and sees her often when she visits the
post oft ice where he is employed
Mrs Thurman says Marty will be in Carthage this fall and she hopes
Miss Majuire will visit here at that time
by Doris House
Bob Jordan writes that he enjoyed the article submitted by Oscar
Hillin and printed in Doodles last week entitled "Does History Repeat
Itself’" The article dealt with information about the assassinations of
Presidents Lincln and Kennedy
Jordan said since a presidential election is to be held in two Let's
hop*' that history does NOT repeat itself in 1980 He said that beginning
in 1840, every 20 years the president elected has either died in office or
has been assassinated
William Henry Harrison, elected in 1840 died in office Abraham
Lincoln, elected in 1860. assassinated in office James A Garfield
elected in 1880. assassinated in office William McKinley, elected in
1900, assassinated in office Warren G Harding, elected in 1920, died in
office Franklin D Roosevelt. elected in 1940 died in office John F
Kennedy, elected in 1960, assassinated in office
Interesting facts and I agree with Bob Jordan let s hope history
does NOT repeat itself
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You
and your
Money
by Judith G. Rhoades
Dee's
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FIRE' FIRE'
I will admit I have a more than normal fear of fire but I wouldn’t
want to embarrass anyone except myself because of it
My actions were responsible for the red face Watchman employe
Bob Kunvan was wearing Monday
SM MI I WORLD DEP ARTMENT
W hile James Ashby was in Montrose. Co , vacationing with a group
from Central Baptist Church, he had an accident James sprained his
ankle, and a nurse in the group insisted he go to a hospital for x rays
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20 YEARS AGO
Pamela Folk, 1415 W Panola St .
Carthage, has become a junior
member of the American Polled
Hereford Association.
Doug Perry of Overton purchased
Deanie Sullivan s Photographic
Studio here
Ann and David Lambright will be married on Saturday. Aug 25 All
their relatives and friends are inv ited to attend the wedding at Central
Baptist ( hurch at 8 p m and the reception following at the bride s
home
A garden reception is planned and Virginia and her hubby, Ron,
have been getting tanned while getting the yards in shape for the
happy event
BY ANTHONY HARRIGAN
From the earliest days of the
automobile industry there have been
companies that couldn t make the
grade and went broke One thinks of
such now forgotten companies as
Locomobile, Pierce Arrow, Erank
lin, Mannon. and Hupmobile One
more casualty won t be the end of
the world, unfortunate as corporate
failure would be for stockholders
and employees
This is occasioned by the report by
Chrysler Corporation that it suffered
a straggering second quarter loss of
$207 1 million, and announced that
curtailed operations may result if
the federal government doesn’t
come to the rescue
If it s a choice between federal aid
and Chrysler going under, It would
I ve just returned from Singapore where I visited Mrs Thurman's
son Marty. Miss Majuire told him
I can I decide if the world is really so small or if Marty Thurman is a
popular young man or both' During a Colorado vacation in 1976. Neil
and I were standing in a restaurant in Estes Park when a young lady
heard we were from Carthage Do you know Marty Thurman ” she
asked'
Q I would like to know something
about Government Security Bonds I
received a booklet from a brokerage
house regarding a trust for govern-
ment security bonds where I was
told I need only deposit $1,000 I
would like to know if it is a safe in
vestment, or any other information
you can give me.—H.C.. Desert Hot
Springs. Calif
A. What you are describing to me
is a form of mutual fund which only
invests in government securities
Government securities include
Treasury bills, notes or bonds such
as Federal National Mortgage
Association (Fannie Maes) What a
• fund does, is pool the money of many
investors to buy these type of
securities Several of these bonds
could not be bought for a $1,000
minimum investment But if your
money is part of this mutual fund,
shares or units are purchased for
you in that minimum amount As to
whether it is a safe investment, it
would probably be one of the safer
security investments you can make,
if the terms are as you described
them The main objective of a fund
such as this, is to provide as high an
income as possible with as little risk
as possible to the investor
TEN YEARS AGO
A group of Carthage businessmen
and civic leaders toured Barksdale
Air Force Base, La The tour was
arranged by Tom Bankhead,
chairman of the governmental
affairs committee of Panola County
Chamber of Commerce
rOut Of The Past-
From the files the Panola Watchman
Judith Rhoades is a free-lance
writer who has spent 15 years in the
securities industry if you have any
questions regarding finance,
securities, or the stock market, you
may direct them to her in care of
this newspaper Please be certain to
enclose a self-addressed stamped
envelope, if you wish a personal
reply Allow a minimum of six
weeks to receive your answer
SAME MISTAKE TWICE!
I don t mind admitting my mistakes, but when I make the same one
TW ICE that s a sure sign of a good case of the dumbs'
So I need to apologize twice, to my good friend Virginia Mullanix
and her daughter Ann Woods In two stories in the Watchman. Ann's
wedding date has been wrong I'm sorry
It was five years ago that Richard Nixon bid a tearful
farewell to his White House associates and to the
presidency that be had resigned in disgrace
The years since 1914 have not been kind to the major
figures of Watergate Most of Mr Nixon's lieutenants
have served prison terms and if some have capitalized
financially from their memoirs none has re entered the
mainstream of American life
Mr Nixon himself is just now stirring from uneasy
exile in San Clemente His days on the world stage are
over His companions are his family a few friends and
figures out of his past
And yet the tragedy of Watergate goes far beyond the
few who made it possible
The most obvious victims are the presidency itself and
the two men who have held office since Richard Nixon
resigned
Because he was appointed vice president by Mr Nixon
because he succeeded him to the presidency and because
he pardoned the man who had selected him Gerald R
Ford, a good and decent and honorable man lost his own
bid to be elected president
To be sure, there were other factors Mr Ford's own
inability to adopt a national constituency and the
post Watergate weakness of the Republican party — but
most discerning observers believe the presidential
pardon undermined Mr Ford from the beginning
The effect on President Carter is less obvious but no
less real The intransigence of the ('ongress even one
of his own party - is a direct outgrowth of Watergate's
weakening the executive branch
Mr. Carter's understandable reluctance to set up an
efficient, centralized White House staff patterned after
the so-called Prussian guard of H R Haldeman and John
Erlichman may have been well-intentioned But as the
incredible confusion of recent days has proved, it was
wrong
Much of Mr Carter's trouble abroad can lie blamed on
his own ineptness But neither Presidents Ford nor
Carter has been helped by the policies and peccadillos of
Congress, which has meddled and second guessed U.S
foreign policy ever since Watergate
Some of the agencies most injured by Watergate
revelations — the FBI, the CIA, the IRS - have been
healed by new leaders But the presidency remains
among the walking wounded beset by a hostile
Congress, a surly press and a suspicious public
There had been the hope that Jimmy Carter, an
outsider, a politician of the other party and a man of true
Christian compassion, would bring to the presidency the
combination of qualities necessary to overcome the
lingering malaise of Watergate
Alas he has not Perhaps the only antidote is time
More hopefully, there will be a new leader who can push
the nation ahead with determination and ability to meet
and solve new problems rather than dwell on the
mistakes of the past
Amtrak gains
The House of Representatives has restored more than
half the cuts in Amtrak service recommended by
President Carter and when the Senate takes up the
matter even more restorations are expected
The Carter administration sought to eliminate 12,000
miles of rail service to accomplish a saving of $1 4
billion over the next five years The administration's
concern in saving such a sum deserves praise, but it
couldn't have come at a worse time
The zooming price of gasoline and the lack of it
makes it mandatory that other means of transportation
are expanded, rather than diminished
There's good reason to expect the cost of gasoline to
continue to rise, making rail transit evern more im
portant and acceptable to the public
Perhaps we should take a close look at ra. service in
Europe where currently there is a huge surge in new
railway construction and track improvement
France, Germany and Italy all are investing heavily in
new. high speed lines to provide service for tourists and
local travelers. Austria, Switzerland. The Netherlands
and Belgium are making major improvements as well
Some of the new construction will carry trains which
will travel up to 180 miles an hour
Europeans are good rail customers because the price
of gasoline in some of their countries is higher than $2 a
gallon
if prices on pumps in the United States approach those
levels, the nation will be thankful that Amtrak is still on
the scene moq .
15 YEARS AGO
Mr and Mrs U C Swindle.
Shreveport Highway, celebrated
their 50th wedding anniversary on
Aug 22 with open house at the
Carthage community house
A "good” rain, 5.03 inches, broke
the longest drouth Panola County
has ever experienced according to
the Old Timers
FIVE YEARS AGO
W F Patterson. County Bond
Chairman. reported sales for the
last seven month period were $60,205
for 43 per cent of the 1974 goal of
$100,000
High winds struck Lake Murvaul
at 4 45 pm Tuesday, Aug 20.
Window glass was broken at the
home of Mr and Mrs Steve
Whiteside There was damage at
Dotson Crossing, but no injuries
were reported
Panola latchman
FOLNDED 1872
DORISD BOISE
President -Publisher
J. A. Smith..
Assistant Publisher
Jim Stevens, Editor
Jim Hightower,
Advertising .Mgr.
issued each Thursday and
Sunday by Panola Pubishing
Co Inc 109
Carthaqe Texas IU}}
Any erroneous reflection upon
the charactev or reputaton of
ny person firm or corporation
whch may appear <n this
newspaper will be qladi,
corrected upon being brought to
the altenton of the publsher
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Payable in Advance
Panola County Area
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Elsewhere in Texas
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Other States
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Entered as second class matter
at the post office in Carthaqe
Tesas 15633 under Act ol
Congress March ) 81) USPS
Publication No 419110 Post
master send 1519 to P 0 Boi
MH Carthage TX 15633
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The Panola Watchman, using
art work and or typography
turnished or arranged tor by
us shall be the* property of
The Panola Watchman No
such ad or any part thereof
may be reproduced without the
prior written consent of The
Panola Walchman
be better for the country if Chrysler
dropped out of the automobile
business
The U.S government has no
business providing subsidies for
( hrysler or any other corporation it
has no business in the automobile
business, though Washington at
tempts to take over the designing of
autos from Detroit it would be
unconscionable to tax General
Motors, Ford and AMC in order to
prop up Chrysler Such action would
be the antithesis of free enterprise
According to The New York
Times. Chrysler has requested up to
$1 billion in advances on federal tax
credits There s something sick
ening about businessmen who run
to Washington begging for bailouts
They show no faith in the free
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The term "post office" stems from "post roads" - those over which itagecoaches first
traveled with posts maintained along them for changing horses.
market. but instead want govern
ment to provide a crutch to
private industry That kind of
businessman undermines a free
economy
ironically, the Chrysler bid comes
while Honda, a Japanese concern, is
having difficulty holding its exports
to the limit agreed upon in 1978
Japan has an estimated surplus of
up to $9 billion this year-18 percent
of the U S auto market
Leaving aside the ruthless trade
tactics of the Japanese, who strive
for market share rather than profit,
a company such as Chrysler should
find ample buyers, providing it
offers attractive products
While not ignoring the shameful
request of the Chrysler management
for a federal bailout, blame also
should be assigned to the short
sighted United Auto Workers union
which has consistently pressed for
higher and higher wages, despite the
adverse effect of unreasonable wage
scales on the competitive ability of
U S automakers The UAW is doing
everything it can to price American
automobiles out of their market and
union members out of jobs
The federal government also is a
prime offender Congress and the
president make frequent ritual bows
to Ralph Nader & Co , allowing
environmental extremists to dictate
automotive design features which
run up the cost of American cars If
Congress doesn't gain some com
mon sense and backbone, the only
U S made automobile will be a
Nadermobile, which will be pro
duced at federal expense
The initial, essential government
response here and now should be a
flat rejection of Chrysler’s bid for a
bailout by the taxpayers
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"MOTHER WILL SPENDING
| HER VACATION WITH US'"
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Stevens, Jim. The Panola Watchman (Carthage, Tex.), Vol. 106, No. 41, Ed. 1 Thursday, August 23, 1979, newspaper, August 23, 1979; Carthage, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1430483/m1/4/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Sammy Brown Library.