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Newspaper Archive of
The Malakoff News
Malakoff, Texas
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January 22, 1981     The Malakoff News
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January 22, 1981
 

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# 7 / Ho$8 a Sons Book B ndez 1 Spr .n6port, H .ch. 4928 ! 1980 The Heartbeat Of This Progressive Territory" single copy X- -NINTH YEAR, NUMBER 6 Box 509, Malakoff, Texas 75148 4890531 THURSDAY, JANUARY By CHIP SOUZA .Malakoff Tigers, behind a torrid performance, rolled up their win in a row as they downed the Gorman Crusaders 63-52 here Jan. Tigers got double digit scoring three players. Richard Blair 13 to lead the out-put, while Graves tallied 11 and Russell the contest. ~nnding into 18AAA play next week, gers appear to have their offense g on all cylinders, while the Sing and all-around defense has wf~Jroved tremendously. ~" S°th squads opened the contest with ,~/~s blazing hot, The trio of Blair Tar- and Graves tossed in four points .... i~]~ to lead the Tigers to an 18-17 lead Tucker tossed in six for the , Saders to lead their surge, the .... i ][arver and Graves remained ~neog in the Tiger offense in the lind period, knocking in two buckets :,It11. But the Tiger defense took the ~!ight, limiting Gorman to just nine .... ~!s~ts'for a 30-26 lead at the half behind :][ith an exceptional first half ' :~[n, the Tigers went back to work at ...~ermg their performance in the ~nd half, and they did just that and more. Graves and Sam Blair tossed in three points each to key a 14 point Tiger spree. Gorman managed 10 to trail en- tering the final period, 44-36. The fourth period proved an almost exact replica of the first. Both squads blistered the nylons, with the Tigers winning the quarter 19-16 to claim a 63- 52 victory. TIlE BOX Gorman PI,AYER FG FT PF TP Doug Carney .............. 7 0 2 14 Kevin Maloney ............ 3 3 2 9 Blake Tucker ............. 4 0 t 8 Chris Curtain ............. 4 0 3 8 Mike Brunetti .............. 2 2 0 6 Paul Procell .............. l 2 4 4 Andy Polla rd ............. l l l 3 Tt)TAI,S ................. 22 8 13 52 Malakoft PLAYER FG FT PF TP Richard Blair ............. 6 l l 13 Jerry Graves ............. 5 l 2 11 Russell Tarver. ............ 5 0 0 I0 Sam Blair ................ 2 5 2 9 Carey Jackson ............ 3 0 4 6 Curtis Ivey ............... 2 I 0 5 Howard Driver ............ 2 0 I 4 Steve Wilson .............. I 0 2 2 James Jackson ........... l 0 0 2 Danny Driver ............. 0 1 4 I " 7 IN)TAI.N ................. 27 9 16 63 Score by Quarter~ T.K, Gorman ................ 17 9 I0 16-52 Malakoff, .................. 18 12 14 19-6.3 s progress edition coming The annual Malakoff News Progress edition will be published next wqek, an. 29. The paper will contain a report on the business, civic and community in- 1980. arch for the special section in your mailbox next week. ,q llENDERSON COUNTY YMCA director Randy Brown, left, and Howard Wat- son, district manager ior Texas Power & Light Company, marked trees last week at the proposed park site for the new YMCA park In Malakoff. The trees that are marked will be removed to make room fm a b~,eball field, football and soccer ~r,, By JOHN H. COX First State Bank of Eustace led the 80-85 percent capacity and that many lifUsing bank deposits as a guide, the pack with an outstanding 30.99 percent, people continued to move to Cedar Omy of Henderson County and the This brought total deposits for the in- Creek Lake. Those people, many whom unding area witnessed a 13.23 stitution to $7,044,494. A Kaufman are retired, are transferring all of their ntgrowth rate during 1980with I0 County bank, the First National of financial business to the area, ac- II banks recording increases. Kemp recorded a 28.56 percent change cording to Ezell. mgs and loan institutions within making its 1980 total, $13,633,000. What had been the First State Bank of [m[ tens showed an even greater per- The First State Bank of Brownsboro Trinidad is now the Cedar Creek Bank of growth, was the only organization to show a of Seven Points, The move occurred II rs.t National Bank of Athens con- decrease in deposits. Reason for the during the last quarter of 1980 and bank ---4eel to lead all others in total deposits Brownsboro drop was because of an president Tom Carpenter said that he $57,930,454 recorded at the close of inflated deposit figure for 1979, the bank can already detect a change for the $ness on Dec. 31. First State of . reported. The figure was the result of a better in their new quarters. Whereas ens with a 24.81 percent increase building fund deposit by the Brown- the bank showed a slight decrease at :paced all but two area28,623,banks sboro Independent School District. the end of the September, after the |l entagewas secondgr°wthonlyandtoitSthat $! of Fi--4 t During 1980 the district has been move it recorded an 11.78 percent in- Onal. withdrawing from the deposited monies crease. h.ens Federal Savings and Loan as needed for additional construction Kent Creecy, cashier at First ation with total deposits of which is still underway. National, Kemp, said that he has a "gut Most of the officers of the financial feeling" that interest rates will come • 7,90a recorded an $8,362,015 or 15 houses within the area are very con- down within six months which will help ! _ent growth from its 1979 total of fident and looking forward to 1981 with stimulate more business. He added 25,892. First Savings & Loan of enthusiasm. Standing almost within the that, "I don't believe they can stay high Ins with its five branches showed a i 01 0rcent increase from the '79 total door of the new Smackover-Shell plant, for much longer." Bill Ezell, president, of First• State, One of the deans of local banking, Jeff . u,w6,217 This gave First S&L a Eustace, displayed that confidence. He Austin Sr., president of First State, increase of $7,792,211 making the said that the first royalty checks from Frankston, said that even with 45 years |total come to $47,868,419. owth the gas field were going out on Jan. 20, of banking behind him he still enters terms of pure percentage gr ,that the plant was already operating at 1981 with enthusiasm. "We should have VOLUNTEER FIREMEN were called to the scene of several brush week that did considerable damage to open acrongo. They were kept the fires contained and away from structures. Dry weather and and a bridge over the creek, lmnd for the project Texas Power & IAght Company for use by the YMCA. Watson has a proposed completion date of summer. (Staff photo by Lori a good year because the area is bearing interest. Both services have to getting more into bank services and growing. Our manufacturers have been be asked for by customers and there banks getting into traditional S&L in business long enough to withstand are governing policies within each areas such as mortgage type financing, any downturns. The cattlemen are in individual institution regarding the it looked as if a "dukes mixture" was better shape to handle the drouth," he accounts, developing. said. All of the institutions contacted said "One thing banks are going to have to do is to price their goods like a mer- chant," the Frankston mentor added, president of First State, Kerens, said He said that he sees the.day in the near that the reception to NOW had been future when holding companies will good. Ezell said he didn't think NOW control even the small communitywould attect t is business much. Dan banks because individuals will no Middleton, vice president, First State. longer be able to afford to purchase a Athens, said the reception to NOW was bank. He cited too high interest rates better than expected. Austin said his that an individual must pay as the bank was paying interest on 70 percent reason for his thinking. He said that the of the accounts. holding companies can borrow at Don Wylie, president of Athens reduced rates to finance their bank Federal S&L said that with S&Ls purchases. A new dimensior for financial in- stitutions went into effect on Jan. 1. On that date the federal government began allowing banks to begin paying 5.25 percent interest on checking accounts. Also, S&Ls could begin giving their customers checking account service / { J gusty winter winds have contributed to the spread of brush fires. ~Staff Photo by Lori Callaway) that they were in the NOW (the term Clark Cain, president of First SaVings used for interest paying checking ac- & Loan, Athens, agreed with Wylie. He counts) business. Raymong Garr,added his reflections as to AthenS, Henderson County and the future. He said he, "believes the area has potential for being the most stabl financial communities in Texas because of the diversification of in. dustry. Athens is on the threshold of 15- 20 years of good owth. The only thin that will slow it down is refusing to fund our water and sewer programs and not going ahead with the proposed loop around the city." ax Three area cities have received Staterebates to cities this year who collect sales tax rebates from the State Com. city sales tax and about $10 million ptroller's office this week showing more than the cities received in large increases over the same repor- January of last year. ting period last year. Trinidad. Tool and Eustace did not Caney City received a rebate of receives check for this period. $4,273.44 for. a 142 percent increase in The biggest check - $6.6 million - went receipts over the same period last year. to Houston. a 31 percent increase over Mabank received $8,139,96 for a 94 per- last January's check• cent increase. Athens, county seat for The city sales tax is collected along Henderson County, received a check h~r with the state sales tax by merchants $28,286.49 reflecting a 23 percent m- and businesses and rebated monthly to crease, the cities in which it is collected by the The payments represent the first Comptroller• Calendar of events Thank God that 52 Americans are returning home MEETINGS Malakoff City Council will meet in regular session Monday, Jan. 26, at 7 p.m. at the city complex. Malakoff Masonic Lodge Study Club will be held Monday night, Jan. 26, at the lodge hall in Malakoff. Malakoff Rotarians will meet at noon Tuesday, Jan..27, at the Harbor House Restaurant for their weekly luncheon meeting. The I.O.O.F. will meet Tuesday, Jan. 27, at the lodge hall in Malakoff. LITTLE ORI'BBI .ERS SIGN UP SESSION A special Little Dribblers Sign-up sessi0n,wHl be held at the Malakoff iligh, School gym Saturday, Jan. 24, from 9 a.m. until noon. All interested players and coaches are urged to be present. OFFI('E IIOURS The Malakoff News office is open on a regular basis from 9 a m until 4 pm Monday throush Friday Po¢ ' your conven'ience, please contact the office during those hours to assure that your news in includQd ' ' CI)MMUNITY ANNOUNCEMENTS To make sure people are aware of your organization's activities, contact the Maktkoff News at 4t~41~1, ,i~ For an item to appear in the News on its Thursday publication it must be received at the News office by4:, pm~ on the preceeding Monday • ' ; DEAl}LINE INFORMATION ~' Deadline for news items, classified ads and display advertising for the Thursday publlcation date of tim, Malakoff News is 4 p,m. the preceeding Monday For further information contact the News office at 489-0531,