Polk County Enterprise (Livingston, Tex.), Vol. 112, No. 23, Ed. 1 Sunday, March 20, 1994 Page: 6 of 38
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m,
1994
THE POLK COUNTY ENTERPRISE, SUNDAY
PAGE 6A
HamaiiiaiflaMi
Financial Focus
By T. H. STOTTS
Load Funds Can
Be A Bargain
When it conies to investing in mutual
funds, one of the choices investors must
make is whether to select a “load fund" or
a “no-load fund.” To make the right
decision, it’s important to understand the
differences between the two types of
funds.
A load mutual fund charges an up-
front sales fee. or load, when you buy it.
A portion of the sales charge goes to the
broker/dealer who represents the fund
For that fee, the broker/dealer explains
the fund and is obligated to see that it
meets your objectives. The load further
obligates the broker/dealer to continue
servicing your account for as long as you
own the fund.
No-load funds, on the other hand,
charge no up-front sales fee. This can be
an enticing feature for many investors.
When comparing mutual fund costs,
however, it is not only important to con-
sider the up-front costs of buying the
fund, but also to understand the fund's
ongoing annual expenses.
For example, rather than paying reg-
istered investment representatives to of-
fer their shares and service your account,
no-load funds offer their shares through
ongoing advertising. One example of this
was the 1993 Forbes Mutual Fund edi-
tion, in which about 83 percent of the
mutual fund advertisements were bought
by no-load funds. The cost of all that
advertising is paltruy tne'TO-toad'Wna"
before any of the earnings get to you.
To illustrate this, let’s look at a
$100,000 investment in two hypothetical
funds, each compounding at the same 12
percent gross annual return (Table I).
Fund A is a load fund with a 3.5 percent
up-front charge and annual expenses of
0.6 percent. Fund B is a no-load fund
with no up-front charge and annual ex-
penses of 1.8 percent.
The load fund charges $3,500 up front.
However, because of lower ongoing ex-
penses. the value of the load fund sur-
passes that of the no-load fund in four
short years. After 20 years. Fund A is
$138.407 ahead of Fund B. Kiplinger's
Personal Finance Magazine summed up
this example in ah article that stated.
"Front-end loads are a pittance when
spread over many years.“
The debate over load and no-load funds
will undoubtedly continue with valid ar-
guments on both sides As with any
investment, however, it's up to you to
make an informed decision before you
write your check
TABLE 1
SI00.000 Investment
Fund A
Fund B
3.5<* Load
No Load
I’* Gros>
12% Gross
Annual Return
Annual Return
0 6% Annual Fee
1.8% Annual Fee
11.4% Actual
10.2% Actual
Annual Return
Annual Return
Sian
$96,500
SI00.000
Year I
107.501
110.200
Year 2
119.756
121.440
Year 3
133.408
133.827
Year 4
148.616
147.477
Year 5
I6S SSQ
>*■■> <•*>
Year 6
184.432
179.097
Year?
205.458
197.365
Year 8
228.880
217.496
Year 9
254.972
239.681
Year 10 284.039
264.128
Year 15 487.309
429.263
Year 20 836.047
697.640
ENTERPRISE PHOTO BY GORDON I ,BARRON
FISHING PAYS OFF -- Juanita G. Dore of Sulphur, La. was
visiting friends on Lake Livingston and decided to participate
in the 1994 Crappiethon. The decision paid off when she
landed "Lonesome Leonard," which netted a $500 check from
Harry Dehtan of Penwaugh Marina.
n Edward D. Jones & Ca*
Winter New Yort Stock Exta* . mc tn« StcurtM Imm* Pnmmr Cttpsraaoii
LIVINGSTON - Fines and fees
totaling SI8,628 were levied
through county court at law in Polk
County during the month of
January. The total includes S 17,978
in probation collections, $2,428 in
restitution, $418 in district attorney
collection fees and $798 for Crime
Stoppers.
Judge Stephen Phillips cleared
65 cases from the docket during the
month. Cases heard and the judge-
ments made follow:
Cases dismissed
Meredith Dunn, theft by check,
case dismissed on motion of district
attorney, restitution paid in full.
Paul Ellis Coward, driving while
license suspended, case dismissed
on motion of assistant district attor-
ney, defendant had obtained non
SR-22 auto insurance prior to date
of offense.
Paul Randle Ducoin, DWl-2nd,
case dismissed on motion of assis-
tant district attorney, defendant
pleaded guilty to same offense in
another cause, which was enhanced
DWL
Michael A. Casper, theft by
check, case dismissed on motion of
assistant district attorney, restitu-
tion paid in full.
Brian H. Colburn, theft by check,
case dismissed on motion of assis-
tant district attorney, restitution
paid in full.
Raymond Michael Mulroy,
speeding, case dismissed on motion
of district attorney, driving safety
course completed.
David Whitmire Starnes, speed-
ing, case dismissed on'motion of
district attorney, driving safety
course completed.
Larry Frank Kohl, speeding, case
dismissed on motion of district at-
torney, driving safety course com-
pleted.
Christopher Todd Starling,
speeding, case dismissed on motion
of district attorney, driving safety
course completed.
James L. Alexander Jr., speed-
ing, case dismissed on motion of
district attorney, driving safety
course completed.
Mary Jo White, speeding, case
dismissed on motion of district at-
torney, driving safety course com-
pleted.
Charles W. Deboisblanc, speed-
ing, case dismissed on motion of
district attorney, driving safety
course completed.
Dorothea G. Vail, theft by check,
case diammed on motion of district
flttocQ^ittstitution paid in full.
WBma Jordan, theft by check,
case dismissed on motion of district
attorney.
Martha Trejo, theft by check,
case dismissed on motion of district
attorney, restitution paid in full.
►
Driving while intoxicated (DWI)
Mauricio Perez, DWI, $500 fine,
$187 court costs, 90 days in jail —
probated 12 months. Twelve
months supervised probation, 80
hours community service, DWI
class, $50 Crime Stoppers.
- Teresa Am Boaen, DWI, $500
fine, $147 court costs, 90 days in
jail - probated 12 months. Twelve
months supervised probation, 80
hours community service, DWI
class, $50 Crime Stoppers.
David Aaron Cony, DWI, $500
fine, $157 court costs, 90 days in
jail - probated 12 months. Twelve
months supervised probation, 80
hours' community' service, DWI
class, $50 Crime Stoppers.
Nicholas D. Wagner, DWI,
$1,000 fine, $157 court costs, 180
days in jail - probated 24 months.
Twenty-four months supervised
probation, 72 hours in jail, 180
days driver’s license suspension,
$50 Crime Stoppers.
Kenvin Brent Battise, DWI,
$500 fine, $157 court costs, 90
days in jail - probated 24 months.
Twenty-four months supervised
probation. 120 hours community
service, DWI class, $50 Crime
Stoppers.
Clyde B. Miles, DWI. SI,000
fine, S157 court costs, 180 days in
jail - probated 24 months. Twenty-
four months supervised probation,
120 hours community service, 72
hours in jail, 180 days driver’s
license suspension, $50 Crime
Stoppers.
Justin Ora Henry, DWI, S500
fine, $157 court costs, 90 days in
jail -- probated 12 months. Twelve
months supervised probation, 80
hours community service, DWI
class, S50 Crime Stoppers.
Connie Carter Gilbertson Hous-
ton, DWI, S500 fine, $157 court
costs, 90 days in jail -- probated 12
months. Twelve months supervised
probation, 80 hours community
service, DWI class, $50 Crime
Stoppers.
Joe Edzell Gossett, DWI, S500
fine, $157 court costs, 90 days in
jail -- probated 12 months. Twelve
months supervised probation, 80
hours community service, DWI
class, S50 Crime Stoppers.
Earl Louis Wyatt, DWI, S500
fine, $157 court costs, 90 days in
jail - probated 12 months. Twelve
months supervised probation, 80
hours community service, DWI
class, S50 Crime Stoppers.
Robert Frank Ferguson,
DWI/motion to revoke probation,
probation revoked, 60 days in jail.
David Alvin Murray, DWI, $500
fine, S157 court costs, 90 days in
jail - probated 12 months. Twelve
months supervised probation, 80
hours community service, DWI
class, S50 Crime Stoppers.
Raymond Lee Stoddard, DWI,
SI,000 fine, SI57 court costs, 180
days in jail -- probated 24 months.
Twenty-four months supervised
probation, 120 hours community
service, 180 days driver’s license
suspension, $50 Crime Stoppers,
attend and successfully complete
Peavy Switch Recovery Program.
Gerald Thomas Angle, DWI,
$500 fine, $187 court costs, 90
days in jail - probated 12 months.
Twelve months supervised proba-
tion, 80 hours community service,
DWI class, $50 Crime Stoppers.
Others cases
Morris Jason Ross, evading ar-
rest, $300 fine, $120 court costs, 10
days in jail.
Willie O’Neal Jackson, criminal
trespass, S400 fine, $162 court
costs, 90 days in jail - probated 12
months. Twelve months supervised
probation, 60 hours community
service, $50 Crime Stoppers.
Sheryl Ellisor, theft, $200 fine,
$162 court costs, $163.43 restitu-
tion, $40 DA collection fee, six
months deferred adjudication -- su-
pervised.
David Phillip Hulett, theft, $200
fine, $132 court costs, 20 days in
jail -- probation six months. Six
months supervised probation.
Steven Foster, Biefl by check,
$200 fine, $162 court costs,
$429.81 restitution, $50 DA collec-
tion fee, 40 hours community serv-
ice, $50 Crime Stoppers, 100 days
in jail - probated six months. Six
months supervised probation.
Charles Earl Sweats, resisting ar-
rest, $400 fine, $132 court costs, 90
days in jail - probated 12 months.
Twelve months supervised proba-
tion, 60 hours community service,
$50 Crime Stoppers.
John Willie Eleby, driving while
license suspended, $300 fine, $137
court costs, 180 days in jail --
probated six months. Six months
supervised probation, $740 restitu-
tion.
Kerwin Brent Battise, criminal
mischief, $200 fine, $132 court
costs, 90 days in jail - probated 12
months. Twelve months supervised
probation, S312.93 restitution.
Donald Ray Beatty, theft, $400
fine, $132 court costs, 120 days in
jail - probated 12 months. Twelve
months supervised probation, $225
restitution.
Stanley Allen Davis, theft, $300
fine. $132 court costs. 80 hours
community service, $50 Crime
Stoppers, six months deferred ad-
judication - supervised.
Kimberly Ann Schiffhauer, theft,
$300 fine, S132 court costs, 60
days in jail — probated six months.
Six months supervised probation,
$50 Crime Stoppers, 40 hours com-
munity service.
Rex Ross, speeding, $44 fine,
$121 court costs.
Owney Ray Wiggins, speeding,
S64 fine, $121 court costs.
William Shane O'Bannon, as-
sault/motion to revoke probation,
probation revoked, 10 days in jail
Dorris Colquitt, theft by check,
$200 fine, $162 court costs, 90
days in jail - probated six months.
Six months supervised probation,
$105 restitution, $20 DA collection
fee, 24 hours community service,
$50 Crime Stoppers.
Jose Natal Jr., theft by check,
$100 fine, $162 court costs, $90.88
restitution, $10 DA collection fee,
six months deferred adjudication ~
supervised.
Fred Marshall Davis, theft, $500
fine, $160 court costs, 30 days in
jail.
Janie Battise, theft by check,
$200 fine, $162 court costs, $270
restitution, $50 DA collection fee,
six months deferred adjudication -
supervised.
Gabino Dominguez, theft by
check, $100 fine, $117 court costs,
$45 restitution, $10 DA collection
fee, six months deferred adjudica-
tion - supervised.
Tracy Griffin, theft by check,
$100 fine, $162 court costs, $87.46
restitution, $10 DA collection fee,
six months deferred adjudication -
supervised.
Debbie L. Skinner, theft by
check, $200 fine, $117 court costs,
$336.20 restitution, $40 DA collec-
tion fee, 90 days in jail - probated
six months. Six months supervised
probation.
Betty Cedars, theft by check,
$200 fine, $162 court costs,
$207.13 restitution, $30 DA collec-
tion fee, six months deferred ad-
judication - supervised..
Rhonda Johnson Phillips, theft
by check, $100 fine, $162 court
costs, $425 restitution, $50 DA col- -
lection fee, 90 days in jail -
probated 12 months. Twelve
months supervised probation.
Charissa Lyncue Woods, theft,
$500 fine, $132 court costs. $600
restitution. $50 Crime Stoppers. 12
months deferred adjudication - su-
pervised.
Dianne McCoy Ingram, theft,
$300 fine, $132 court costs, $50
Crime Stoppers, $100 court-
appointed attorney fee, six months
deferred adjudication - supervised.
Cynthia Diane Mitcham, theft,
$500 fine, $132 court costs, 80
hours community service, $600 res-
titution, $50 Crime Stoppers, 12
months deferred adjudication — su-
pervised.
Shirlanda Renee Conner, theft,
$100 fine, $122 court costs, $105
restitution, six months deferred ad-
judication - supervised.
Peggy Sue Black, theft by check,
$200 fine, $162 court costs,
$239.21 restitution, $40 DA collec-
tion fee, 180 days in jail -- probated
six months. Six months supervised
probation.
Raymond Dewayne Lester,
resisting arrest, $500 fine, $162
court costs, 24 hours community
service, $50 Crime Stoppers, 120
days in jail - probated six months.
Six months supervised probation.
Lonnie Lowe, theft by check,
$200 fine, $162 court costs,
$445.69 restitution, $65 DA collec-
tion fee, six months deferred ad-
judication - supervised.
Kenneth Lee McDonald, driving
while license suspended, $300 fine,
$132 court costs, 24 hours com-
munity service, $50 Crime Stop-
pers, 180 days in jail - probated six
months. Six months supervised
probation.
Anthony Wayne Clevenger,
theft, $200 fine, $132 court costs,
six months deferred adjudication --
supervised.
Carmen Bruce Henderson, theft,
$300 fine, $158 court costs, 60
days in jail - probated six months.
Six months supervised probation.
George Earl Owens, reckless
conduct, $500 fine, $132 court
costs, 24 hours community service,
$50 Crime Stoppers, 120 days in
jail - probated six months. Six
months supervised probation.
Pamela Lynn Pursley, criminal
trespass, $300 fine, $132 court
costs, 24 hours community service,
$50 Crime Stoppers, 60 days in jail
- probated six months. Six months
supervised probation.
John Bernard Henderson,
transport alcoholic beverage in dry
area, $210 fine, $156 court costs.
Pasture specialist to speak
to local ranchers Tuesday
LIVINGSTON - There will be a
seminar on pasture management at
7 p.m. Tuesday, March 22, at the
Polk County Courthouse. Dr. Sim
Reeves, Texas Agricultural Exten-
and sponsored by Armentrout. The
public is invited to attend. For more
information call 327-6828.
sion Service agronomist from
Overton, will be the guest speaker.
He will cover several topics, such
as winter pastures, pasture fertiliza-
tion, analysis of hay and soil fer-
tility.
Reeves is known for giving prac-
tical solutions to help producers
improve their forage.
Pesticide applicators . attending,
will receive two hours of training
credits, according to Polk County
Extension Agent Bob Armentrout.
The program is free of charge
Quality Cleaners
ions
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Next to Quality Jawalry
Are IRAs
still a good
idea?
If you're looking for a great way to save for
retirement, then IRAs are still a good idea.
Despite changes in the tax laws, many people
can still deduct all or part of their IRA
contribution. And even if your contribution
isn't deductible, with an IRA, every dollar
you earn grows tax-deferred until it's
withdrawn.
I can give you the answers to your
questions on IRAs. Call or stop by today.
T.H. Stotts
103 S. Washington
Livingston, Texas
(409) 327-3323
Res. (409) 327-2707
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SAVE SI00
Court levies $18,628 in fines, fees
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White, Barbara. Polk County Enterprise (Livingston, Tex.), Vol. 112, No. 23, Ed. 1 Sunday, March 20, 1994, newspaper, March 20, 1994; Livingston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth798361/m1/6/: accessed June 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Livingston Municipal Library.