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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Feb 03, 1968
Page
6
Montpelier based remarks by Dr. John T. Fey president of National Life Insurance warn of several economic dark clouds looming over 1968. He urges federal administration to apply effective measures to preserve rebound prospects and prevent downturns.
The Vermont National Bank held its annual meeting to administer the oath to two new directors Ralph W. Howe Jr. of Wilmington and Robert S. Jones of Springfield. Howe is a pharmacist and Parmelee & Howe partner. Jones heads the Jones & Lamson Division of Waterville Farrellatextron in Springfield and holds Harvard credentials. The bank reported 1967 asset growth, a 17 percent rise in the loan portfolio, a 20 percent jump in demand deposits, and total deposits at a record $58,035,487.
In Montpelier at the 15th annual meeting, W.E. Dailey Jr. of North Bennington was installed as president of the Associated General Contractors of Vermont. The event drew over 360 members and guests and featured remarks by Congressman Robert T. Stafford and B.B. Armstrong of Roswell, NM, highlighting the construction industry's $90 billion annual impact.
POWNAL The 1788 Yard, chosen by R. T. Arnold Lumber Corp of Adams Mass, for a building under construction on U S 7 near the Vermont border, will house lumber and hardware. Penbob Realty Co of Adams is constructing a 144 by 52 foot structure painted in fold farm red with modern design.
Two Manpower Development and Training Act courses for Auto Body Repairmen and Electric Appliance Repairmen are set to begin in February in Burlington. Funded by a $392,000 Vermont appropriation for 1968, the projects cost $25,616 and $33,379 respectively, with portions allocated to the Vermont Department of Education. The Auto Body course starts Feb 5 with 12 trainees. the Electric Appliance course has two sections starting Feb 19 with 12 enrollees each. Arthur Gould of the Arnold Corp will oversee the yard at 1788 Yard, aided by Verne Boulton, and up to three full-time workers. The 1788 Yard will stock lumber, paneling, building materials, hardware, paint, and a model kitchen, aiming for March operations and an April formal opening, weather permitting.
Town Clerk Miss Mary Hodeck tallies Bennington transfers from Jan 18 to Feb 1. Transactions include Watsons to Watsons on west side of highway to Battle Monument, Woodward to Parker on Grandview Street, Noon Noon to Pollock on North Street, Pollock to M s and R s Inc on same parcel, Pinsonneault to Carter on Water Street, and Shutts to Betit on Houghton Lane in Bennington and North Bennington.
Nationwide and regional labor agreements expiring in 1968 or reopening wage talks will affect about half a million New England workers. Rising prices and strong demand push bargaining higher, with pivotal steel contracts for 375,000 United Steelworkers up July 31.
Vermont veterans holding United States Government Life Insurance and National Service Life Insurance will receive 440663 in dividends for 1968. White River Junction VA Center director William B. Sheppard said first checks went out Jan 1 and dividends vary by plan age and amount. The NSLI and USGSI totals include 7750 World War II and Korean conflict veterans with average payments around 52 and 79 for WWI beneficiaries.
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