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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Jan 23, 1977
Page
5
Local economy shows 1976 gain despite a late fourth quarter slippage. Gains appear across motor vehicle sales tax receipts and retail sales tax, signaling stronger consumer buying. Vehicle tax receipts rose 40 percent in Q4 and 29 percent in H2 versus 1975, with Athens County Clerk of Courts issuing a record year of vehicle titles.
For the year 20 444 titles were issued including 2 809 for new passenger cars. The previous high was 20 026 in 1973. Clerk Marjorie Mitchell reports these figures as the number of vehicles sold to Athens County residents. non residents register where they live. Only seven of Ohio's 88 counties exceeded Athens County's gain in vehicle taxes.
The report shows second half percentage gains for Gallia 14 Hocking 20 Jackson 14 Meigs 21 Morgan 7 Perry 14 Vinton 28. Athens County retail taxes rise 4.6 percent last six months, state 11 percent. year total up 5.3 percent to 1.95 million. Other counties show varied gains and losses with chain stores accounting for 32 percent of state receipts. master license holders up 24 percent versus 6 percent for county outlets.
First Banc Group of Ohio Inc. posts record operating earnings of 19.3 million for 1976, up from 1975. Income before security transactions up 15.4 percent to 3.37 per share. Board boosts quarterly dividend 10 percent to 33 cents. consolidated resources rise 12.3 percent to 1.7 billion. total deposits reach 1.5 billion. Athens National Bank among 16 affiliates, 95 offices. Tri County Bank of Coolville reports all time high deposits and earnings, 20 percent dividend paid. Organizational changes install Lamp as president, Stealey as executive VP and cashier, and other officers. SCOA Industries declares 20 cent quarterly dividend, payable March 15.
The Badger Co of Cambridge Massachusetts is named to build a 90 million coal conversion pilot plant in Catlettsburg Kentucky as part of a 178 million government program to develop liquid fuel from coal. Groundbreaking occurred last month with aim to produce 1800 barrels daily and 600 tons of coal processed. The project seeks to bolster stored liquid fuels for electric utilities and food. The plant is a Raytheon subsidiary.
The Farmers Bank and Savings Co held its annual meeting in Pomeroy where directors were re elected: Theodore T. Reed Jr Thereon Johnson E Robert Schellhase Leslie F Fultz Fred W Crow Jr C Wayne Swisher Dr Fred R Carsey Jr Richard C Follrod and Ferman E Moore Reed reported 1976 was profitable and the lending limit rose from 70000 to 80000. The organizational meeting re elected Reed as president Thereon Johnson as executive vice president Paul E Kloes as vice president and secretary Roger W Hysell as cashier Jon P Karschnik Joanne J Williams Evelyn G Lanning and Addie W Norris as assistant cashiers and loan officer.
The Messenger's Athens Index reports 1976 payroll growth across Athens city county and Ohio University. OU paid 37.8 million to campus and regional staff, up 2 million from 1975. Athens County workers earned 1.8 million, up 350 thousand, while the city dropped to 1.4 million, down 9 thousand. City income tax rose to 836 thousand, up 42 thousand, funding operations and improvements. Parking garage revenue rose with higher usage and rate hikes, and construction surpassed 3 million, led by 2 million Athens Mall activity. total city building permits fell.
Wellston Fire Department responded to 12:32 a.m. alarm at 603 E Seventh St to a fire at the William Howe residence. The fire around the base of the fireplace had ignited flooring but was extinguished upon arrival by firefighters.
Greyhound will honor Amtrak tickets on any US route when Amtrak suspends Midwest service. Passengers may ride to their destination or the closest reachable point by bus. Clarice Ann Young, daughter of Elza and Mrs Young, earned a BA in psychology at Earlham College in Richmond Indiana.
Earl Later was named president of Logan Federal Savings and Loan Association replacing the late Bruce E Fickel who died December 18 Directors reelected Roy R Loomis for three years and Later's term extended two years Several officers were re elected and new officers include David L Lovett Paul D Adair William E Hynus Christina Whitlatch and Hope Earlier reports show assets increasing by 72 million in 1976 to more than 9.7 billion dollars.
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