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Indiana Tipton Tribune Newspaper Archives Sep 3 1976, Page 1

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Tribune (Newspaper) - September 3, 1976, Tipton, Indiana í. í i f. >j ^ II -1 "i I I i I- fe t i 4. t- p i -f' I I Goldsmith queen Tina Hogan, seated, was crowned teen queen of the Goldsmith Old Settlers reunion Thursday evening. The 16- year- old daughter of Mr. and Mrs. Donald Cock was chosen over 11 contestants in the annual contest. Miss Hogan is a junior at Tipton High School. Sheila Oberleas, 17, Goldsmith, left, was chosen first runner- up and Debra Thomas, 18, Rt: 1, Tipton was chosen second runner- up. Miss Oberleas is a senior at Tipton High School and the daughter of Mr. and Mrs. John Oberleas. Miss Thomas is the daughter of Mr. and Mrs. Earl Thomas and is a freshman at I.U.- Kokomo. Festivities in Magnett Grove continue tonight with the Singing Sheriff, John Gunter, performing at 8 p.m. Hall evades drug treatment again Paul Hall, the 20-year-old Noblesville man who has petitioned the court for treatment as a drug abuser, has once again gone back on his promise and left the treatment facilities. The court was advised Thursday that Hall had left the Richmond State Hospital where he was undergoing treatment for rehabilitation as a drug abuser. Hall was determined a drug abuser by the Indiana State Department of Mental Health on June 29 and was ordered to report to the Richmond State Hospital on Aug. 2. When law enforcement officials went to transport Hall to the hospital he could not be found. After a warrant was issued for his arrest for failure to appear, Hall was apprehended and taken to the hospital last Friday. The court was also advised that the mental health department rescinded its decision after Hall walked away from the state hospital and no longer considers the defendant to be treatable. The matter has been set for further consideration by Judge Surber on Sept. 16. Hall and his cousin, John Hall, Jr., 18, Noblesville were arrested by Tipton City Police two days after the April 17 burglary of the medical offices of Dr. J.V. Carter. Hall’s cousin also applied for drug abuser status in lieu of punishment for the burglary and likewise was not available on Aug. 2 when he was- to report to Common Grounds Facilities in Kokomo for his initial examination. Hall has since been examined at Common Ground, but no report has been issued. Youth Sentenced In other court- related news, a Tipton man was sentenced to one year on the Indiana State Farm, Thursday in Tipton Circuit Court after he entered a guilty plea to a burglary charge. Michel Sego, 18, 465 N. West St., Tipton, entered a guilty plea to a lesser charge of third degree burglary before Tipton Circuit Judge Frederick K. Surber. Sego had been charged with second degree burglary in connection with the break in and theft of CB radios from the Compton Construction Co., 200 Erie St., Tipton, cn June 25. Sego’s court appointed attorney, Ronald C. Byal argued on Aug. 24 for a change of venue from Tipton Circuit Court. Judge Surber granted the motion and Byal and County Prosecutor Richard Pearce were in the process of striking from the panel of possible courts, when announcement of the settlement was made. Sego also faces two other charges which are pending against him in circuit court. They are drawing a weapon on a police officer and driving while im toxicated. Disposition of those cases has not been announced. Sego, cunrently in the Tipton County Jail will be transported to the Indiana State Farm at Putnamville this week. Fact-finding completed The second session of fact- finding for negotiators for the Tipton Community Schools and the Tipton Education Association began at 6:30 p.m. Thursday and ended shortly after 1 a.m. this morning. The remaining items <hi the agenda were completed before negotiation teams ended the marathon sessions in the Middle School Library. Monday the teams spent nearly seven hours presenting evidence on salaries and fringes and school hours. Thursday the remainder of the items, leaves, grievance procedures, association rights, general provisions and length of contract were covered. The section on teaching days and hours took up most of the time during Thursday’s session. Several subcategories,. were discussed under the days and hours issue, which included school calendar, extra curricular assigmrtents, total day, workshops and visitation days. Partitas were bogged down over what topics under days and hours were ,^bargainable items under the law and 'which were not covered by the state law regulating collective bargaining for teachers. Schocil negotiators challenged the jurisdiction of the fact- finder in hearing some of the evidence. It will be several days yet before the parties learn the outcome of the factfinder’s report. Dr. Richard Diech, told parties he would advise them within several days as to when they could expect his report and recommendations. The Uiw provides for the release of his report within 10 days after the completion of the evidence gathering hearing. Serving Tipton County\ Indiana Tribune VOLUME 80 NO. 209 FRIDAY, SEPTEMBER 3.1976 TIPTON, INDIANA, 46072 15 CENTS PER COPY Unemployment rate increases WASHINGTON (AP) — The nation’s unemployment rate increased for the third month in a row in August, edging up from 7.8 to 7.9 per cent, the highest level so far this year, the government said today. At the same time, the Labor Department said the increase in the number of Americans with jobs slowed last month after sizeable gains earlier this year. Employment rose by 74,000 in August to 88 million out of a work force of 95.5 million, after a gain of 400,000 in July. There were some bright spots in the job picture, including a 240,000 increase in non-farm employment and improvement in the unemployment rate for adult men, usually the family breadwinner. And the unemployment rate climbed at a slower pace than in June and July. After gradually falling since the spring of 1975, joblessness jumped a half a percentage point in June and July, followed by the one-tenth of a per cent hike in August. In August, the number of people without work increased by about 80,000 to 7.5 million, the largest since 7.8 million couldn’t find work last December. The increase in joblessness has thrust unemployment onto center stage as a key issue in this fall’s presidential election campaign. The increases have raised new fears among economists over the path of the economic recovery and could create* serious political problems for President Ford, who in campaigning for election, has adopted moderate economic policies to avoid a resurgence in inflation. The Democrats and their presidential nominee, Jimmy Carter, have made jobs their No. 1 issue and are calling for new measures to reduce unemployment. In addition, AFL-CIO President George Meany is blasting the Ford administration on the issue. In his Labor Day message, Meany said that “true unemployment — counting those perons who have given up looking for work or have accepted parttime work — is 10.3 per cent. Since reaching its recession low in March, 1975, employment has grown by 3.9 million, or an average monthly increase over the 17-month span of nearly 230,000.    , The unemployment rate is based on a nationwide survey of some 47,000 households. A more accurate but less extensive survey is made of the business establishments, which showed in August that non-farm payrolls were up by 240,000 to 79.4 million. The government said employment increases occurred in about 60 per cent of 172 private non-farm industries surv'eyed. Manufacturing payrolls were up by 85,000 in August, in part due to settlement of several strikes. Most of the increase in unemployment last month was among young females, aged 17 to 24. The teenage jobless rate, which had been declining gradually since the beginning of the year, jumped from 18.1 to 19.7 per cent. Jobless rates for adult men declined from 6.1 per cent to 5.9 per cent. The rate of adult women was . virtually unchanged at 7.7 per cent, while the rate for household heads dropped from 5.4 to 5.2 p^r cent. Jcmless rates for white and black workers, at 7.1 and 13.6 per cent, resj)ectively, were about the same in July. However, the rate for black teenagers, which had dropped substantially in July, jumped in August from 34.1 to 40.2 per cent. The administration had some good news on the inflation front Thursday. The Labor Department reported that sharply lower prices for farm products and processed foods pushed over-all wholesale prices down onetenth of 1 per cent in August. For consumers, the decline in farm prices means lower price tags on supermarket-shelves. The downward trend in farm prices ^also has been a major factor in' slowing over-all inflation in the economy this year. The White House said Ford was pleased with the price report because “the wholesale price index continues to rise at only a moderate pace. ’ ’ But Jerry Jasinowski, Carter’s coordinator for economic issues, saw it differently. He cited an 8 per cent rate of increase in industrial prices over the past three months, saying it gave no indication for relief from inflation for consumers. “The failure of the administration to attack the problem of inflation is pricing the average American out of the market for essential goods and services such as automobiles and housing,’’ Jasinowski said. The July increase in unemployment was triggered by an ^unusually large number of Americans who went looking for work. Because the economy was unable to absorb all of the influx, the unemployment rate rose. “We’ve seen an extraordinary large rise in the labor force during the first seven months of the year,’’ Burton Malkiel, a member of the President’s Council of Economic Advisers, said ' Thursday. “We expect it to slow at some point during the remainder of the year, and when it does we could get fairly substantial drops in the unemployment rate.’’ Building and Loan acquisition told It was announced today that Hamilton Federal Savings and Loan Association, with offices in Noblesville and Carmel, will merge into and become a branch of Tipton Building and Loan Association. In making the announcement, Richard L. Smith, president of the Tipton firm, stated that Tipton would remain the home office of the association, giving the institution four offices in three counties. The Indiana State Department of Financial Institutions approved the merger Aug. 5. However, the approval of the Federal Home Loan Bank Board in Washington, D.C., is expected in the next few days. Smith said. The Tipton Association has assets of $52 million and the Hamilton County Institution has assets of $32 million, making combined total assets of $84 million, which would rank Tipton Building and Loan Association in the top 20 savings and loans out of 170 in the state, according to asset size, said Smith. The main purposes of the merger is to increase the Tipton firm’s market area \ and more effectively meet competition, especially in the Hamilton County area. Hamilton County is purportedly the fastest growing county in the State and the vast housing market there, has caused four Indianapolis savings and loans to branch in the county and' Elwood Federal Savings and Loan Association has one branch in Atlanta with another application pending in Westfield, said Smith. .\s an example of the growth in Hamilton County, Smith released the following report of 1975 recordings of non-farm, non-commercial mortgages for all lenders making loans in the three county area: —Tipton County — 522 loans totaling $8,398,000 —Howard County — 1,459 loans totaling—$27,109,000 —Hamilton County — 2,433Uoans totaling — $80,980,000 Due to the nature of savings and loans, there is no purchase or exchange of funds involved in the merger transaction, but only a “pooling of interests’’, as the savings depositors of each institution are the shareholders and owners of the mutual association, explained Smith. Personnel Smith indicated that there would be no changes in personnel, but only some alterations in titles. The officers and staff of the Hamilton Federal Savings will become employes of the Tipton Building and Loan and carry forward their years of service. Three of the present five members of the board of directors of the Hamilton County association will join the board membership of the Tipton Building and Loan, making an expanded board of ten members for the local firm. Board members after the merger will include Robert F. Nichols, Chairman; David V. Compton, Vice Chairman; Eldon Allen, William E. Collins, Douglas D. Church, R. James Oliver, Colin M. Pence, Thomas F. Quellhorst, Richard L. Smith, president; and Robert R. Wickersham. Officers of the Association include Richard L. Smith, President and chief executive officer; Robert R. Cumutt, Senior Vice President and Secretary as chief loan officer; C. Charles Perfetti, Senior Vice President and Treasurer as the chief financial officer; Timothy A. Renie, Vice President and Kokomo Branch Manager; Walter F. Nordby, Vice President and Noblesville Branch Manager; Gerald Ehman, Vice President and Carmel Branch Manager; and L. Edward Clark, Controller. The remaining staff members include: TIPTON OFf-TCE—Dena Mae Floyd, Lynn Dunn, Romelle Jones, Janet Dawson, ^Peg Henderson, Marla Schulenberg, Pam Conaway, Jeff Juday and George Sheppard. KOKOMO OFFICE — Jean Ferenc, Joan Freeman, Terri Smith and Jackie Joyner. NOBLESVILLE OFFICE:    Phyllis Millikan, Isabelle Weiss, Debbie Baitz, Marilyn Achenbach, Connie Thomas, Vicky Robey, and Jan Passwater. CARMEL OFFICE — Carmen Leedy and Ruth Cunningham. NEW FOUND FRIEND— The first day of school can be very scary to a first grader, especially If the day includes two trips across toWn in a big yellow school bus. Here, one new student consoles another at Franklin School in Dayton, O., during the first day of Dayton’s court- ordered desegregation. It seems that the children often adapt far better than the adults. (AP Laser Photo) éik Étmm Í É*É ÉÉÉÉÉÉÉ ÉtÉÉÉÉMÉÉÉMÉ «É* ÉÉÉÉ

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