The Clifton Record (Clifton, Tex.), Vol. 106, No. 72, Ed. 1 Friday, September 7, 2001 Page: 4 of 37
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Phone: (254) 675-3336 • Fax: (254) 675-4090 TlTC f^T FCT/^XT I? 17 ^ Clifton Record ONLINE:
E-mail news@cliftonrecord.com • adaQcMftonracord.com 1 I~1 H vLLT 1 UlN IXJjLUIvL/_http:;dlftonrecord.com
Friday, Sept. 7, 2001
t
The Clifton Record
— Bosque County’s Leading Newspaper —
Published By PROGRESSIVE MEDIA COMMUNICATIONS. INC.
The Clifton Record (USPS-118-100 • ISSN-1086-9352) is published semi-weekly, on
Wednesdays and Fridays by Progressive Media Communications, Inc., 310 West Fifth
Street Clifton. Texas 76634-1611 Periodicals postage is paid at Clifton. Texas
SUBSCRIPTION PRICE Bosque County, one year: $38: Elsewhere, one year $45 Give old
address when 'equestmg change of address Per copy pnce: 50 cents
POSTMASTER: P!ease send address change to The Clifton Record. PO Box 353, Clifton, TX
76634
PUBLISHERS
James W Smith Publisher Ementus
W Leon Smith President
EDITORIAL
W Leon Smith Editor-In-Chief
David Anderson Associate Editor
Caroi Moulton Associate Editor
James Montgomery Staff Writer
Don M Fisher Columnist
Adnenne Cumins Reporter
Arthur Fisher Movie Reviews
ADVERTISING
Melanie Martin Marketing Director
Melissa Fisher. Adv Representative
Deborah Lodngue, Adv Representative
Knsti Stinnett, Adv Representative
BUSINESS
Kay Calvert Front Office Manager
Nancy Sorrells, Bookkeeper
Rebecca Chiles, Administrative Assistant
CIRCULATION
Jack Bruton
Hubert Dunham
Jean Harvey
Pemie Stanford
Juanita Smith
OFFICE HOURS
Monday-Fnday 9-5 Closed Weekends
DEADLINES
3pm Friday tor Wednesday Edition
3 pm, Tuesday for Friday Edition
THE CLIFTON RECORD welcomes letters ol up to 150 words on any
puDItc issue Any letter that exceeds the word limit may no! be
considered lot publication We ptitksti only original letters addressed to
The Clifton Record An address and daytime phone number must be
included so me author s identity can be verified No letters will be
published unm authorship is confirmed Those who write letters are
asked to limit their entnes to one per month All letters are subject to
editing The Record reserves the nghl tojtecfine publication ol any
submission Letters must be signed L ettere written in the promotion of
political candidates will not be considered tor publication unless they are
scheduled for publication one month or more prior to the election
Candidates or their supporters may purchase advertising space dunng
the penod |ust prior to file election m support ol candidates letters
written as cards ol thanks may be charged classified ad rale and be
placed in classified section o' newspaper at editors option
Telephone (All Departments) — (254) 675-3336
Toll-Free 1-800-241-5504
Fax No. — (254) 675-4090
Email: news@cliftonrecord.com (News)
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CLIFTON RECORD ONLINE cliftonrecord.com
NOTICE TO THE PUBLIC Any error or erroneoua reflection
upon the character standing or reputation of any person Mrm or
corporation Much may appear in this newspaper will be gladly
corrected upon being brought to the attention of the management
THE ENTIRE CONTENTS of each issue of The Clifton Record
are protected under the Federal Copyright Act Reproduction of
any portion of any issue will not be permitted without the express
permission of Progressive Media Communications Inc
2000
Time For Structural Changes In The Fed
Ours is a fast-moving world that
has changed drastically since the
early 1900s, which is cause to re-
structure the Federal Reserve Sys
tem by reducing the terms of office
of its seven-member Board of Gov-
ernors.
Arguably, the post of Chairman of
the Fed is perhaps the second most
powerful position in the
nation ..maybe even more powerful
than that of President when it
comes to how decisions affect the
day-to-day lives of our citizens. We
do not elect members of this all-
important board. They are ap-
pointed by the President and serve
terms of 14 years, a mass of years
that are not only troubling, but are
immensely impractical.
Operating alongside the Board of
Governors is the Federal Open
Market Committee, which consists
of 12 members: the seven members
of the Board of Governors previ-
ously mentioned who are perma-
nent members of the FOMC; the
president of the Federal Reserve
Bank of New York; and for the four
additional memberships, carrying
one-year terms, a rotating selection
of the presidents of 11 other Re-
serve Banks.
The FOMC directs the conduct of
the open market operations by the
Federal Reserve Bank of New York,
attempting to control long-run ob-
jectives of price stability and eco-
nomic growth. The FOMC also
establishes policy relating to Fed-
eral Reserve System operations in
the foreign exchange markets.
Seventy-one year-old Alan
Greenspan ‘^ok office June 20,
2000, as Chairman of the Board of
Governors of the Federal Reserve
System for a fourth four-year term
ending June 20,2004.
Dr. Greenspan also serves as
Chairman of the Federal Open Mar-
ket Committee, the System’s prin-
cipal monetary policy-making body.
He originally took office as Chair-
man and to fill an unexpired term
as a member of the Board on Aug.
11, 1987.
Greenspan was reappointed to
the Board to a full 14-year term
which began Feb. 1, 1992. He has
been designated Chairman by
Presidents Reagan, Bush Sr., and
Clinton.
Although it can be argued that
economic stability in the world is a
good thing, and conservatism often
allows the market pendulum to,
swing itself into balance on its own
accord, changes in perspective as
to what Americans want, and, more
important, need, are not promoted
when applied to the current struc-
ture of the Federal Reserve Sys-
tem.
Fourteen-year terms are a breed-
ing ground for tainted, stagnant wa-
ter, which is exactly what we now
have. Even our top elected officials
serve only four-year terms. As com-
panies, large and small, lose cus-
tomers due to the economic
slowdown, the rise and fall of inter-
est rates as geared by the Fed are
often slow in coming, and are re-
actionary, at that, resulting in periods
of loss that cannot be regained, even if
the Fhd’s interest rates happen to plum-
met to zero, which they won’t
There is no pro-activity in the
Fed, again due in large part to its
stagnant, melancholy approach at
penciling in adjustments.
Simply put, the Fed has become
lazy. Shorter terms, and even lim-
ited terms, of its members should
be considered fodder for an
economy that depends upon the
swing of the pendulum to correct
itself. In the perfect world, that
swing would be short in both time
and width in order to keep compa-
nies from falling off and onto the
floor to be crushed.
College Football Q-&-A
With the collegiate football season under way, an anonymous benefactor of
the Bosque County Institute and Outreach Ministry of Deeply Intense Thought
and Semi Factual Information, Div. 1A Division, submitted the following ques
tions related to the great American sport:
Q: What does the average Texas A&M player get on his SATs?
A: Drool.
Q: What do you get when you put 32 Arkansas cheerleaders in one room7
A. A full set of teeth.
Q: How do you get a Nebraska cheerleader into your dorm room?
A. Grease her hips and push like all get-out.
Q: How do you get an Oklahoma University graduate off your porch9
A Pay him for the pizza.
Q: Why do the Texas Tech cheerleaders wear bibs?
A. To keep the tobacco juice off their uniforms.
Q: Why do they no longer serve ice at TCU football games?
A: The senior who knew the recipe graduated.
Q: Why are the Dallas Cowboys (we know this isn’t a college, but we had to
slip this one in) like a possum?
A. Because they play dead at home, and get killed on the road.
Q: What are the longest three years of a University of Texas football player’s
life?
A. His freshman year
Q: How many Southern Methodist University freshmen does it take to
change a light bulb9
A. None. That's a sophomore course at SMU
Q: Where was O.J. headed in the white Bronco?
A. Waco. He knew that the police would never look therefor a Heisman
Trophy winner.
And, finally (insert wild applause here):
Q: Why did Tennessee choose orange as their team color?
A: Because you can wear it to the game on Saturday, hunting on Sun-
day, and picking up trash on the side of the road the rest of the week.
Keep your backfield out of the slot, and osmosis, amoebas.
DAV, DAVA To Meet Saturday
Country Cottage Quilt Set To Raffle
LAGUNA PARK — Commander
Ned Stewart, Lake Whitney Chap-
ter 215 Disabled American Veter
ans, and Commander Betty
Stewart, Lake Whitney Unit 215
DAVA,, have slated a meeting on
Saturday, Sept. 8, at 12:30 p.m., at
the chapter home on the north side
of Highway 6, at Laguna Park.
A pot-luck luncheon will be held
and members are requested to
bring a dish to pass.
The Chapter and Unit have ap
nounced it will raffle a Country Cot
tage quilt at the Lake Whitney
Pioneer Days on Oct. 6. The Chap
ter and Unit are sharing expenses
and all proceeds will be divided
equally.
Tickets can be obtained at the
Outlet Store in Laguna Park and at
the Kountry Grocery in Whitney.
Proceeds will be used for service
to disabled veterans in Hill and
Bosque Counties and for adminis-
trative expenses. The quilt is being
made by Elizabeth Stewart.
1 * The Outlet Store is open Fridays
and Saturdays, from 8 a.m. to 1 p.m.
Anyone wishing to volunteer at the
store is urged to contact Com-
mander Stewart.
“We need the help of all our mem-
bers so it will not be a burden for
just a few," said Stewart. “Come by
and see the new paint job done by
Shawn Poston and browse through
the good selection of items.”
The Chapter and Unit is still look-
ing for interested members to help
service the nursing homes in
Itasca, Clifton, and Hillsboro.
The Service Officer, Virgil Will-
iams, is prepared to assist with help-
ing file claims with the Department
of Veterans Affairs. He can be
reached at (254) 694-4100, or by writ-
ing to PO. Box 1073, Whitney, 76692.
Lake Whitney Health Fair,
Blood Drive Planned Sept. 22
WHITNEY - The Lake Whitney
Medical Center and American Red
Cross will sponsor a health fair and
blood drive Saturday, Sept. 22, from
9 a.m. to 2 p.m., at the hospital.
There is an emergency need for
blood. All types are in critical de-
mand. All donors will receive a lim-
ited edition “Hot Blooded Texan”
T-shirt.
The Red Cross will be set up in
the conference room in the east
corridor of the hospital, while
booths and displays of all kinds will
line the lobby and east corridor
hallway.
The public will be able to get free
blood pressure checks, donate
blood, learn about nutrition, stress
busters, mental and physical fit-
ness, and get information about the
many programs available at the
Lake Whitney Medical Center.
There will be free children’s im-
munizations offered, but all chil-
dren receiving immunizations must
be accompanied by a parent and
bring their shot records.
Civic organizations wishing to
set up a booth or display can con-
tact Allen Newton at (254) 694-3165
(ext. 227 or 267). Space is limited
and will be allocated on a fijst-
come, first-served basis.
'OJFTOH MASONIC LODGE #360
meets 4th Monday
each month at 7 p.m.
Robert Cooper Worshipfui Master
Clyde Billington Secretary
wwwhtcomp.net/cltftonmosons/cllflon.hlm
10,660 Sessions Logged In August
For (cliftonrecord.com) Website
146,535 Hits Recorded In August
CLIFTON — Visits to the Clifton
Record Online (cliftonrecord.com)
website hit a year long monthly
high during August with 10,660 ses-
sions, according to statistics gen-
erated by MediaHouse Software,
Inc.
The average monthly total of ses-
sions for the year have amounted
to 7,285.55 sessions, making the av-
erage daily total 343.87 sessions.
According to publisher W. Leon
Smith, these figures pertain to
unique visits to the site by web surf-
ers. The number of “hits” within
these sessions is a much larger
number.
For August, the site sustained a
total of 146,535 hits, while the
monthly average for the past 12
months is 111,614.18 hits, making
the daily average 4,726.94 hits.
The site contains top news sto-
ries for an edition, photos,
classifieds (word ads), opinion col-
umns, online advertising, PDFs
(portable document files) of each
page, among other items
“Several hundred people access
our site every day,” noted Smith, ex-
plaining that there is interest in the
greater Clifton area that extends be-
yond the printed newspaper product.
He added that space does remain on
the site in the event anyone wants to
advertise on it with banner and full-
page ads that can be linked td an
advertiser’s own website.
“If you are seeking additional
web traffic, you might want to con-
sider linking to our site through
advertising,” he said. For more in-
formation, contact The Clifton
Record at (254) 675-3336.
B&G TIRE SERVICE
“Where Tires Are Sot a Sideline. ”
124 South Covington 582-2111 Hillsboro
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Sellers Grain
Meridian • 435-2338 • Toll Free 1-888-734-7246
Promoting Healthy Living
for Today’s Families
Dr. Clay Pickering
Board Certified in Family Medicine
Providing care in..
~ - - [—1
s Pediatrics
^ Gynecology
s Sports Injuries
s Minor Surgery
s Diabetes
s Asthma
Call today for your appointment
254-694-2221
Lake Whitney Physicians Clinic
202 E. Jefferson, Whitney ••• Where The Patient Is First
Hours: M-F, 8-5 Se habla espanol
ALL-DAY EVENTS INCLUDE:
SK Walk/Run - 7:30 a.m
Rock Church (Joe Holmes, 597-0578)
Arts & Crafts Booths
(Laura Rose, 597-2363)
All Day Entertalnment/Maln Street
Featuring local and area talent
(Marc Johnson, ,597-2588)
Food To Satisfy All
Homemade Hamburgers, Brisket,
Sandwiches, Sausage-on-a-Stick
The Famous Gap Street Danes
Music by “Hog Leg Ellis”
8:00 p.m. - Midnight, $5 per person,
all ages
No Glass Containers in dance areal
Classic Car Show
(Kenneth Reierson, 597-2767)
Quilt Show
Sfilk Gap,
ePte
*0Qi
*be
y
O'I
o<
.1
HU;
"Fun for the
entire family,
Held annually
the second
Saturday
of September
For Information,
can
254-597-2478
or
254-597-0399
Parade -10:30 a.m. • Main Street
Individual & Groups
(Tom Martin, 597-2599)
All Kinds of Children’s Activities 1 1
(Henry Lind; 597-2505)
Lawn mower Races
Blind Race, Stock Drag Race, Modified
Drag Race, (Tom Martin, 597-2599)
Basketball/Volleybatl Tournament
(Henry Lind, 597-2505)
Horseshoe Tournament
(Terry Fihstad, 597-2578)
Washer Tournament
(Bobby Crabb, 675-3958)
Cow Patty Bingo
(Larry Simmons, 597-2597)
Class Reunions
Located 50 miles Northwest of Waco and 90 miles South of Fort Worth
on Hwy. 22 between Meridian and Hamilton in Beautiful Bosque County.
\
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Smith, W. Leon. The Clifton Record (Clifton, Tex.), Vol. 106, No. 72, Ed. 1 Friday, September 7, 2001, newspaper, September 7, 2001; Clifton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth790418/m1/4/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Nellie Pederson Civic Library.