High Point Enterprise Newspaper Archives Sep 26 1974, Page 6

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High Point Enterprise (Newspaper) - September 26, 1974, High Point, North Carolina 6a High Point Enterprise thursday september 26, 1974 Hurricane business notes promotion Tom Duke has been elected a divisional vice president of Aetna business credit inc. Tom Duke Duke who is head quartered in the company a High Point office is in charge of new business development for the office which serves seven states. He has been with Aetna business credit since 1969, most recently As assistant divisional vice president and sales manager in Atlanta. Previously he had been treasurer of Northern financial corporation of California in los Angeles a predecessor company. He also spent to years with the Bank of America in los native of Nashville Tennessee. Duke now resides in High Point with his wife and their two children. Moves up James l. Correll jr., a former resident of Winston Salem has been promoted to assistant cashier by North Carolina National Bank Here. Correll joined the Bank s Eden office in june 1972 As a consumer credit adjuster. He transferred Here the next month and was named manager of the main office last december. He is a 1972 graduate of Elon College. Son of or. And mrs. James l. Correll of 1930 Angelo St., Winston Salem he is married to the former Ellen Boyer also of Winston Salem. They have a son. Jimmy 4. Quinto named Greenwood amp Charles. Inc., masonry contractors developers and builders have announced the appointment of Michael e. Quinto of High Point As marketing manager for their Colony Park subdivision in Southeast High Point. Quinto will be responsible for All phases of marketing new Homes in the mid Range project including arranging financing. He has established a sales office at 900 Bales Chapel re. A 1964 graduate of state University of new York Quinto is a Veteran of four years Active naval service including a one Vear tour in Vietnam As a coastal group advisor. A resident of the High Point area for the past five years. Quinto has been Active in general real estate brokerage. He is state director of the High Point Jaycees vice chairman of associate deacons at first presbyterian Church and a past red Cross Bloodmobile chairman. He and his wife Sara reside with their two children at 2206 Bolingbroke court High Point. Rex plastics Rex plastics of Thomasville reports continued Strong performance for the third Quarter ended aug. 31. Net sales for the Quarter amounted to $6,369,812 compared to $3,533,162 for the same period last year. Net income jumped to $930,546, or $186 a share compared to $89,455, or 21 cents a share for the period a year ago. Traumatized Honduras Tegucigalpa Honduras a no one in Honduras paid much attention Early last week As Hurricane fifi crept through the Caribbean sea. It was just another storm to the 2.6 million people in this Triangle shaped Central american country. Fifi is gone. But Honduras a nation reeking of poverty is Flat on its Back with fifis name etched forever in the National memory the worst disaster in honduran history. The government estimates that 7,500-8,000 died. No one will Ever know for sure How Many perished. The National emergency committee said another 100,000 Are homeless. No one knows How Many people died of hunger after fifi destroyed almost 50 per cent of the nation s food crops. The hondurans were undernourished hungry in abject poverty before the storm came. In their usual state of malnutrition they were not up to holding on for the three four or five Days it took for the floods to recede enough to get food anti shelter to Theofi. With almost half this season s Corn and bean crops gone the nation faces starvation. Poverty is common in Honduras the average annual income is less than $260. Many peasants have almost no Cash income they live off their crops and by bartering. Beggars abound in the cities. Boys drop out of first Grade to Shine shoes to help buy food. People were warned about fifi. But few paid attention. Only to Days before Hurricane Carmen skirted the coast without serious damage. Even if the Barefoot poorly Clad people wanted to leave they had nowhere to go and no Way to get there. Measured against other killer storms fifi was just a Kitten. The storm had sustained winds of 125 Miles an hour with gusts up to 140 m p h. Carmen s winds gusted up to 175 m p h. And there was no Large loss of Lite. Fifi did her damage with water. She dumped up to 24 inches of rain in 36 hours on northeastern Honduras. As fifi s Eye trudged slowly offshore tides 15 feet above Normal Rose in the mangrove swamps blocking the flow of the Rivers. The torrential rain suddenly turned tranquil Mountain streams into raging torrents. The streams flowed into the Ulua Chameleon and Guan Rivers and the Rivers had nowhere to go except Over their Banks. Damage throughout the country far surpassed the Gross National product. Between by and 95 per cent of the banana crop was wiped out. With a loss of half a billion dollars. People tried to help. But the Aid pouring in from other countries in plane after plane ran into bottlenecks. Only 20 per cent of the Railroad lines survived. There Are few paved roads. As the first week after the storm neared its end reports came in of outbreaks of disease Kortung bodies of the dead animal and human. Were taking their toll. The incas had no knowledge of the wheel no draft animals and no beasts of Burden other than the Llama a Strong enough to transport 80-Pound loads ove32r andean trails but too frail to carry a Man National geographic says. Senate near action on time change Bill Washington a the Senate is moving toward action on a Bill to return the nation to Standard time during four Winter months. The measure which the Senate is scheduled to take up today already has been passed by the House and has no significant opposition. It would set Back clocks one hour on the last sunday in october and Forward one hour on the last sunday in february. Year around Daylight saving time went into effect Jan 6, 1974, As a Means of saving Energy during the Energy crisis. It resulted in a reduction in tax legislation gets into trouble by Carl c. Craft associated press writer Washington a if this years big tax Bill survives heavy Cross fire in Congress Many average americans will get a tax Cut White oilmen will see an old tax saving Friend the depletion allowance slowly die. But All sides in the tax Bill Nixon bar resignation accepted san Francisco apr former president Richard m. Nixon s resignation from the state bar has been accepted by the California supreme court ending his Law career which began before world War la. In a Brief order signed wednesday by chief Justice Donald Wright the court said a the sept. 16, 1974. Voluntary resignation signed by Richard m. Nixon As a member of the state bar of California is accepted without prejudice to further proceedings in any disciplinary matter pending against him before the state bar should he again seek to become a member disciplinary proceedings could be re instituted against Nixon should he reapply to the state bar. The resignation was Nixon s second attempt to remove himself from the bar. The first letter dated sept. La triggered a Resolution by the bars Board of governors urging the court to reject it because Nixon had refused to acknowledge he faced possible disciplinary action by the bar. The consumption of electrical Energy of almost one per cent mostly during March and april according to a study by the transportation department. Water weight problem usie Lim i fell Wetter in the body con be uncomfortable Ehm will help you in # excels water Weighi we at Mann Groo sports tee am mend it. A 4. Only $2.00 Mann drug stores Battle agree that san extremely big a if a because the legislation is in trouble. Friends Are having a Tough time finding and keeping a consensus while some strange bedfellows May just gang up and kill it quickly. As the Bill presently stands after Many months of voting by the House ways and Means committee but with Many controversial items subject to change before the panels final decisions in the next few weeks chief provisions would a hike taxes for the Oil Industry. Mainly by phasing out the percentage depletion allowance that has been a fixture in tax Law since the 1920s and which saves Petroleum producers $2 billion to $3 billion a year in Federal Tepee. A Cut taxes for Many individuals by increasing the maximum Standard Deduc tion from $2,000 to $2,500 by boosting the minimum Standard deduction that benefits Low income persons from $1,-300 to $ 1,4 h for singles and $1,500 for couples and by creating a new Sim a Alifi cation deduction of up to $650 for people who itemize. A Benefit some upper bracket taxpayers through a change that would extend to some unearned income such As dividends and rents the maximum 50 per cent tax rate that now applies to earned income such As salaries. Some unearned income May now be taxed at up to 70 per cent. A curb tax shelters especially in the real estate Field where these Are extensively used by investors. A create a new minimum tax on the Rich which would be an alternate tax to be paid Only if the liability is larger Charlotte a Helen Gahagan Douglas who lost a bitter . Senate race to Richard Nixon in 1950, will be a special guest of the democratic women of North Carolina at their state convention this weekend in Charlotte. Mrs. Douglas a three term California congresswoman now in her 70s. Is to arrive in Charlotte this afternoon and address the democratic women at a luncheon Friday. Nixon Defeated mrs. Douglas for the Senate seat in most part political observers say. By painting her Liberal congressional votes As a demonstration of being a soft on she never again ran for Public office. In to 4 in in 4 athlete s foot How to treat it apply Quick drying f-4-1. Of Al if Toke hold to cd cd itch bar neg in minutes in 3 to $ Doy infected Kim bought pm watch i Aith y % Kin replace if la not de lighted in on Moun you 5� Back at 0fy drug counter. Now at Merna drug store a w party continues through saturday nightly till 9 ., saturday till 5 4 a fab a t Ujj i x c it to. 1. I a. W cd in in it the clowns snoopy Otis and Oliver Here for the children free favors amp refreshments join the fun at Vann York Pontiac 902 n main St. Than the wealthy persons regular taxes due. A ease taxes on capital gains meaning profits from sales of assets such As securities or real estate held a certain length of time. Over All staff experts said it will be next week before firm estimates on the Revenue gains and losses for the Treasury Are ready for presentation to the com Mittee. But they guess there would be a bet $400 million gain for the government when the Bill s features take effect. Committee chairman Wilbur d. Mills d-ark., is pushing to get a Bill passed by the House before the planned mid october recess for the november elections. But the committee is deeply split Over the major features such As the proposed boost in Oil Industry taxes. Still pending Are moves to reconsider such things As the new minimum tax on the wealthy and a suggestion that a Way be provided so that no Federal taxes would have to be paid by a head of a household earning up to $3,200, or by others on a scale ranging to a married couple with four children and annual earnings of $6,500 Helen Gahagan Douglas will visit Charlotte the former actress and Singer is the widow of actor Melvyn Douglas. While in Congress she worked for repeal of the Taft Hartley Law introduced legislation for equal pay for equal work done by women and supported the United nations. She worked with the farm Security administration on the problems of migratory workers before her election to Congress in the Early 1940s. You Are invited to attend revival services at Erindale pentecostal holiness Church Wharrie rd., High Point n. C. September 79-29 7 30 Nightly evangelists Lowell amp Betty Haynes special singing each service Lowell and Betty Haynes Rev. 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A aunt or 4 portable acc cassette recorder w/2-Way Mike system Model m8416 $0078 pm am portable radio a Publ Servile amp weather Bandi so i 7 6 p492q built in condenser Mike for a hands free recording and Remote Mike for ease in dictation. Automatic shut off at end of tape. Sliding hide away carrying handle. Three Fay operation. Three bands Public service pm and am 3" dynamic speaker. 31" telescoping whip Antenna for High Quality pm Recap t tion. Slide Rule tuning. Fold Back carrying handle. It 7� store hours to to to

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