Archer County News (Archer City, Tex.), No. 17, Ed. 1 Thursday, April 25, 2002 Page: 2 of 10
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Page Two - The Archer County News - Thursday, April 25,2002
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We Own and Offer
Fannie Mae Notes
• Locally Owned • Oldest Business in Archer County • 100 Years of Experience • Your Dollars Stay at Home
An Exclusive Underwriting
from Edward Jones _ ,
6.50°
"Yield effective 04/23/02. Yield and
market value may fluctuate If sold prior
to maturity. Yield shown Indicates worst-
case scenario. Subject to availability
and price change.
• Semiannual income checks
• Government-sponsored
enterprise.
• Interest payments do not
contain principal.
Member SIPC
Edwardlones
Serving Individual Investors Since 1871
It’s Your Choice.
www.edwardJones.com
As a homebuyer or seller, you can
choose which title company you
want to close on your property
And, we hope you choose Archer
Title Co., Inc. We take pride in
working for you.
We’ve been operating with the
same quality service for more than
100 years...
It’s Integrity... We offer complete
historical research of your propeny
It’s Loyalty... We take care of our
neighbor, the right way.
It’s Convenience... We can arrange
to close at your realtor or lender’s
office.
It’s Hometown Service... Locally-
owned, your dollars are reinvested
back into your community
Welcome Home.
Call or stop by today*
Grady R.
Schenk, Jr.
Investment Rep.
2113 Kell. Ste. D
Falls. TX
767-5224
(940) 574-4511 • (940) 574-2391 fax
P.O. Box 847 • Archer City, Texas 76351
Judy McLemore
President
Archer Zitle Co., Jnc.
Serving Archer County for 100 years
AREA DEATHS
June Blake
Willie Belle Groves
June Blake, age 67, passed away
April 10,2002, in Presbyterian Hos-
pital, Dallas, Texas.
Rosary was held April 11,2002 at
McCauley-Smith Funeral Home.
Mass was held April 12, 2002 in
Saint Joseph's Catholic Church in
Rhineland, Texas, with Father Leo
Schloemer officiating. Burial was in
St. Joseph's Catholic Cemetery in
Rhineland, Texas under the direc-
tion of McCauley-Smith Funeral
Home. Pallbearers were Jason Blake,
Greg Blake, Bryce Blake, Jeffery
Marz, Brady Blake and Danny
Sparks.
Mrs. Blake was bom June 16,1934
in Munday, Texas. She was a home-
maker and a member of Saint
Joseph's Catholic Church.
She is survived by her husband,
Elvis Blake of Goree, Texas; two
sons, Charles and wife Jeanette Blake
of Goree, Texas; and Jim and wife
lexa Blake of Archer City, Texas;
two brothers, Dan Sparks and Buddy
Sparks both of Abilene, Texas; four
grandsons and one great-grandson.
Arilla (Billie) Halstead
Arilla M.
(Billie) Halstead,
84, died Thurs-
day, April 11,
2002 at the
Meade District
Hospital, Meade,
KS.
Services were
held Saturday, April 13,2002 at the
Fidler-Orme Mortuary Chapel,
Meade, Ks., with Pastor Tom Elliott
presiding. Burial was atthe PeaRidge
Cemetery, Pea Ridge, Ark., with
Pastor Robert Ward of NewLife
Church, Brentonville, Ark., presid-
ing at graveside services.
Mrs. Halstead was bom Septem-
ber 7, 1917 at Cherokee City, Ark.,
the daughter of Floyd B aster and
Lillie Mae Engle Norris. She mar-
ried Cecil Hansen in 1945, he pre-
ceded her in death in 1972. Billie
married Byron Halstead in 1974 in
Guymon, Ok. He died in May of
1999. She was a homemaker and a
20 year resident of Meade. She was
a member of the Church of Christ of
Meade.
Survivors include: one son, Bruce
Halstead of Gardnerville, Nv.; two
daughters, Janell Coleman of Ar-
cher City, Texas and Karen
Scroggins of Houston, Texas; one
sister, Lida Perkins of Archer City,
Texas; four grandchildren; five
great-grandchildren; and several
nieces, nephews and great-nieces
and nephews.
She was preceded in death by two
brothers, George Norris and Jiggs
Norris and 1 sister, Opal Smith.
Willie Belled Groves, 94, died
Thursday, April 18, 2002 in an Ar-
cher City, Texas nursing home.
Funeral services were Monday,
April 22, 2002, at the First United
Methodist Church, Olney, Texas,
with the Rev. Matt Hall, pastor, of-
ficiating. Interment was in the
Restland Cemetery under the direc-
tion of Lunn Funeral Home.
Mrs. Groves was bom May 26,
1907, in Buffalo Springs, Texas to
the late William H. and Vada (Key)
Strealy. She and Gerald P. Groves
were married on October 8,1926 in
Olney, Texas. He preceded her is
death on December 30, 1983. She
was a member of the First United
Methodist Church and a charter
member of the Bryan Drum Sunday
School Class. She was ahomemaker
and a past member of the Sorosis
Club. She was a resident of Olney
most of her life until she moved to
Arlington in 1988. Then in 2001 she
moved to Archer City. She was pre-
ceded in death by her daughter Linda
Roberts on February 16, 2001.
Survivors include one son, Leon
Groves of Archer City, Texas; one
daughter, Anita Cole of Buford,
Georgia; one sister, Loree Myers of
Olney, Texas; 9 grandchildren and
14 great-grandchildren.
Memorials may be made to the
First United Methodist Church, PO
Box 305, Olney, Texas 76374.
I
l
I
I
l
V
Financial F ocus
by Grady R. Schenk, Jr.
Friends for a Holliday Library
announce Election Day Book Fair
B. D. "Doc" Wright
B.D. "Doc" Wright, 86, passed
away Saturday, April 20, 2002 at
Hospice of Wichita Falls.
Services were held Monday, April
22, 2002 in the chapel at University
United Methodist Church with Rev.
Ken Hildebrand, pastor, officiating
and Rev. Bob Lee of Electra, Texas,
assisting. Burial was at Hope Cem-
etery in Henrietta, Texas under the
direction of Lunn's Colonial Funeral
Home. Pallbearers were Chris
Culberson, Justin Henry, David A.
Pope, Jay Pope, Robert David Pope,
Kirk Shaffer and Chance Shoop.
"Doc" was born May 16, 1915 to
P.L. and Bertha Carroll Wright in
Archer County, Texas. He married
Kathryn Weber on July 6, 1938 in
Oklahoma. He was a farmer and a
businessman for many years. Doc
was a charter member of University
United Methodist Church and was a
member of the Fellowship Class. He
was also a former board member of
the Cameron Garden Volunteer Fire
Department.
Survivors include his wife of 63
years Kathryn of Wichita Falls; 2
sons, Robert C. Pope, Jr. and his
wife Jane of Bowie, Texas and Don
Wright and his wife Sharron of
Wichita Falls, Texas; 2 daughters,
Mary Culberson and her husband
Jack of Garland, Texas and Donna
Fletcher and husband Kenneth of
Chesapeake, Va.; 4 sisters, Eunice
Evans and Ruth Wright, both of
Bowie, Texas, Naomi Young and
Billie Jean Brigham, both of Red
Oak, Texas; 1 brother, Weldon
Wright of Archer City, Texas; 9
grandchildren; 18 great-grandchil-
dren; and one great-great-grandchild
that is expected in November. Also
surviving Mr. Wright are numerous
loving nieces and nephews.
In lieu of flowers the family sug-
gests that memorials be made to Hos-
pice of WF, Cameron Gardens VFD,
North Texas Rehab, or the Univer-
sity Methodist Church.
Friends for a Holliday Library an-
nounce plans for an "Election Day
Book Fair" to be held on Saturday,
May 4th in downtown Holliday.
At the April 17th meeting of the
Friends group, President Dick Briggs
of Holliday set the date for the event.
It will be held from 7:30 a.m. - 2:30
p.m. at the Talley Building, just west
of the Holliday U.S. Post Office.
Briggs appointed Deborah Miller to
head this year's spring fundraising
event benefiting the future Holliday
Library.
With the completion and publica-
tion of a professional community-
wide citizen survey last fall, interest
in such a project has continued to
grow. The completed survey results
may be viewed at the Book Fair.
At the April meeting, Briggs asked
for volunteers to go to Roanoke,
Texas to transport sturdy metal shelv-
ing and stands, specially designed
for contemporary library use. This
shelving was purchased from the
Roanoke Public Library for dona-
tion to the Friends group to be tem-
porarily stored in Holliday along
with the check-out desk, equipment,
and volumes of acquired books.
On Wednesday, April 24th, a vir-
tual caravan of Holliday vehicles
made the long, one-day, round-trip
pilgrimage. The civic volunteers,
providing their own pickups and
trailers, were Mike Birdwell, Dick
Briggs, Gary McDonald, and Ed
Roy.
Literary works of both Action and
non-fiction will be on display for
sale. Books will be sold in all price
ranges. Coffee and donuts will be
available for the early crowd and ice
cold soft drinks and refreshments
will be available for those gathering
at mid-day.
Citizens of the greater Holliday
area are both welcome and invited to
join the Friends group at all meet-
ings and events. The Talley Build-
ing is located at the corner of Main
Street (FM 368) and Chestnut Street,
as is the Holliday Post Office.
Help Boost Your Income - Even
When Interest Rates Fall
If you depend on your investments
to provide some of your income,
you’ve probably been concerned
about falling interest rates over the
past couple of years. In fact, rates are
now as low as they've been in 14
years - so what's an investor to do?
Actually, you have some pretty
good choices. For example, you may
want to build a "bond ladder" by
investing in bonds with different
maturities. You also may want to
consider investing in high-quality
stocks and mutual funds that have
consistently increased dividends.
Let's take a look at both these
techniques:
Building a "bond ladder" - If all
your bonds mature at the same time,
you could be at a disadvantage if
market interest rates are low. Where
will you put your money to gain a
reasonable income stream? One pos-
sibility is to create a bond ladder. By
owning a group of bonds that mature
at different times, you can help pro-
tect yourself from the effects of fluc-
tuating interest rates. If rates are low
when some of the bonds in your
ladder mature, you'll still have some
higher-yielding "rungs" working for
you. And when rates are high, you
can obviously reinvest your bond
proceeds at a more favorable rate.
Buying stocks and mutual funds
that consistently increase divi-
dends - Years ago, stocks generally
paid out more dividends than they
do today. Now, many companies
prefer to reinvest profits into their
business, with the hope of becoming
more competitive and, ultimately,
increasing their share price. And yet,
dividends have not disappeared.
Over time, if you invest in a com-
pany that has steadily increased its
dividends, and it continues to do so
in the future, you can potentially
boost your income. Of course, you
must find those types of stocks, as
well as those mutual funds that in-
vest in dividend-paying stocks. You
can find dividend producers in al-
most all market sectors. If you're
interested in a particular stock, and
you wonder what dividends it pays
out, look in the company's annual
report. If you're looking at mutual
funds, try to find ones in the "growth-
and-income" category.
Be aware, though, that equities
and equity-based mutual funds are
subject to market risk, including the
potential loss of principal. Above all
else, look for quality. Remember,
you're not seeking dividends for a
one-time payment - you want to
increase your flow of income for
years to come. That's why you'll
want to invest in only the highest-
quality stocks and mutual funds.
These are the types of investments
that have continued to raise their
dividends over time. A financial pro-
fessional can help you find those
stocks and funds that have good
dividend-paying prospects - but keep
in mind that these investments do
not offer a fixed rate of return and
may not distribute dividends in the
future.
As you move closer to retirement,
it may become more and more im-
portant for you in increase your in-
vestment income. Also, inflation can
have a big effect on your retirement
income. If you retire at 65 and live
another 20 years, then, even at a
modest inflation rate of 3 percent,
your cost of living will nearly double.
Consequently, you need to make
sure your investment income out-
paces inflation. So, give some
thought to bond ladders and divi-
dend-producing stocks and mutual
funds. They can make a big differ-
ence to your financial situation.
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Lewis, Shelley. Archer County News (Archer City, Tex.), No. 17, Ed. 1 Thursday, April 25, 2002, newspaper, April 25, 2002; Archer City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth994401/m1/2/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Archer Public Library.