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The Malakoff News
Malakoff, Texas
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July 16, 1981     The Malakoff News
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July 16, 1981
 

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t HoE8 & Son8 Book spr , mM.pt, # tal, SAVALL :ity councilmen were Monday night in a when City Manager reported that initial reports good. testing the iron located next to the reflects a .18 iron con- r lOW." acceptable for a Lott said. filing Company of charge of drilling Which has also tested out a promising 150 gallons per minute of water production. The well is near the site of a previous drilling exposition from several years back where coun- cilmen were rewarded with a well that was not fit to be included in the city system. There was too high an iron con- tent in the earlier well. Councilmen, engineers and city per- sonnel have earlier expressed the opinion that the early well was tested or drilled incorrectly and gambled with the new well to support the city water supply. If the new well continues to prove ac- ceptable it will be less costly for the city to tie on to the existing water supply than if the well were located in a dif- ferent area. Drillers plan to go to a depth between 380-390 ft. They went 400 ft. for the test, Lott said. Councilmen have been wrestling with the depleting city water supply for several years. Another drought year like 1980 could have presented severe problems for the residents of Malakoff if the new well had not tested accep- table. Lott said the new well should be completed within 60 days from the date of the initial contract. In related business Lott told coun- cilmen that the pump from the un- satisfactory well dug on the Melvin Crouch property will be pulled in an ef- fort to save money. "After the pump and electrical system have been disassembled," Lott said, "the proper- ty can be turned back over to the owner." The council held the first public hearing on proposed uses of revenue sharing funds for the 1981-82 year. The city expects to receive a total of $37,750 in revenue sharing funds for that period. Proposed uses included $7,500 for a new police vehicle; $2,500 for library support~ $20,255 for road oil for street repairs; and $2,495 for a new copying machine for the office. There were no visitors present for the public hearing. Councilmen also approved payment of June bills in the amount of $11,522.23. That amount included a quarterly payment to the Henderson County Ap- praisal District for $1,584.95. Ad- mtnistrative bills were $1,000.51 ; street department bills were $2,268.15; police department bills were $2,155.00; fire department costs were $130.80 for the month; and water and sewer depar- tment charges were $4,322.82. The council also approved minutes of the June 8 meeting and heard a request by Mayor Howard Julian for residents to mow their lots and vacant lots. "Now that the rains have about stop- ped," Julian said, "everyone should be able to get the high grass mowed down." PRESS cents "The Heartbeat O| This Progressive Territory" single copy YEAR, NUMBER 28 Box 509, Malakoff, Texas 75148 489-0531 THURSDAY, ,IUIN 16, 1981 I COX economy in the area compared to nation became more i by banks associations this government index of plunged 1.8 percent below the the first time in institutions percent gain in compared to the Secretary Evidence of strong economy when he expected to be in the new facility, Carpenter replied, "We hope to have the new building complete by the end of the year." Another reason Carpenter gives as helping the growth is the weather. "The recent rains we've had have put people remarked about the in a more positive mood. Even though "Since the end of they still are skiddish because'of high index has been interest rates, (prime rate of largest message of a hanks was 20.5 percent Thursday expect a continued short term." is one of the 10 the index. This with eight other is not so with area 13 finance houses mcrease of 14.86 the last of the banks, Cedar deposits of $8.2 of $2.81 million or last June's $4.39 Tom are several the best Past comments about noted, "moving to )laced us in the heart :out of in front of building When asked about morning) the rain has definitely helped," he explained. Leading all institutions in dollar growth for the period was First National Bank of Athens which showed an $8.66 million growth from last year's $54.44 million, a 15.9 percent increase to $83.1 milh'on. Senior vice president for First National, David Monk, said he believed there were three reasons for Athens and Henderson County's growth while other parts of the country were either treading water or sinking. ,~ BROAD BASED ECONOMY: "Our broad based economy allows us to keep up. If one area sags, another will pick up the differ- ence. We've got everything from TVs to hay." RESOURCES: "We've got good labor, enough water and energy to attract new industry. Two new plants are coming and another is considering relocating." ,, PEOPLE: "On the whole, our people are industrious. I guess it comes from our old fashion independence." Some of the bank officials attribute the conservative attitude of the area's population and it being in tune with President Reagan's vhilosophy. Vice president of Citizens State Bank in Malakoff, Dennis Halter, expressed his thoughts. "Reagan seems to have given new confidence to our people. Our loan demand is up as well as deposits." Still, some area officers remain cautious, President of Athens Federal Savings and Loan, Don Wylie, declared, "There's no incentive to save, therefore savings are not as good as we'd hop l for. Also, because of high interest, vet stopped lending in May. "The uninsured money market funds are taking away from traditional avenues of saving." President of First State Bank of Brownsboro, Joe Fulgham, agreed with Wylie. "As long as people have disposable income to iv, vest outside the bank at i4 percent, we won't be able to loan at 10 percent. Hopefully, interest rates will come down," the veteran banker remarked. None of the officials indicated the April lifting of state consumer credit interest rates had any effect on their business. Billy Zzell, president of First State Bank in Eustace, made an indirect reference to the increase by saying, "By getting government out of the regulating of money, we'll probably get people's financial psychology away from spending and more toward saving." All in all, figures indicate positiveness as the area goes into the third quarter. Banks First National Bank, Athens First State Bank, Athens SUBTOTAL Citizens State Bank, Malakoff Cedar Creek Bank, Seven Points Chandler State Bank First State Bank, Eustace First State Bank, Brownsboro HENDERSON COUNTY TOTALS Trade Area Banks Bank of Mabank First State, Kerens First National, Kemp First State, Frankston BANK TOTAL Savings & Loans Athens Federal Savings & Loan First Savings & Loan SAVINGS & LOAN TOTAL :~ GRAND TOTAL By PAT HARRIMAN The Henderson County Com- missioners Court called for three local option elections to be held Aug. 8. in Monday's regular meeting. A legalization and a prohibitory election will be held in Seven Points and a legalization election will be held in Tool. The issue in the Seven Points legalization election is for the sale of mixed beverages and the issue in the prohibitory election is to prohibit the sale of all alcoholic beverages except mixed beverages. The Tool election calls for the legal June 30, 1980 June 30, 1981 Deposits Deposits Growth $ 54,440,924.81 $ 63,097,567.21 $ 8,656,642.40 24,351,047.95 28,780,895.66 4,429,847.71 78,791,972.76 91,878,462.87 13,086,490.11 15,825,452.00 19,130,078.00 3,304,626.00 4,390,112.33 8,199,244.40 3,809,132.07 9,774,000.00 10,997,110.49 1,223,110.49 6,017,125.00 7,875,168.60 1,858,043.60 6,841,083.68 5,990,110.00 ( -850,973.68 ) $121,639,745.80 $144,070,174.36 $22,430,428.56 18A51,000.00 21,681,664.66 3,530,664.60 7,842,168.47 9,110,648.05 1,268,479.58 13,358,000.00 14,209,000.00 851,000.00 14,807,284.61 16,371,153.19 1,563,868.58 $175,798,198.88 $205,442,640.26 $29,644,441.38 60,135,865.00 65,641,743.00 5,505,878,00 43,975,202.00 50,489,649.00 6,514,447.00 $I04,110,887.00 $116,131,392.00 $12,020,325.00 $279,909,0~.88 $221,574,032.?~ . $41,664,766.38 sale of beer and wine for off-premise consumption only. In other business, the court discussed road and bridge load limits with local engineer Garland Pool, named a county road in precinct 1 and approved a plat in precinct 4. Dudley and Reha Anderson, sup- .porters of the Seven Points legalization issue, were at the meeting, as were Era Kirkpatrick and Vida Phillips, ad- vocates of the Tool legalization issue. Anderson told the court legalizing the sale of mixed beverages would give club owners control over customers. "We now have the brown bag law and we can't control how much they drink," Anderson said. "This would give us more control and mean less trouble." He also said it would be "ad- vantageous because it would change the tax structure" and bring more money into the city. Phillips told the court she started the Tool petition and would "like to see it go through to help the city grow. We've tried to get it two or three times before and the city hasn't progressed. We need it." See ELECTION, page I I Calendar of events ..................................... ish the job we started / Let's buy the tractor for the a Association $100 $100 $100 $50 Poole $100 Day, Mr. and Mr. and Mrs. S.O. Mr. and Mrs. Neal memory of Gertrude $100 $50 $10 $25 J.R. Pruett in memory $5o in memory $10 $5O E. Owens $50 $200 in memory of $20 in memory of parents I. Carson and brother and brother-in- Taylor $I0 in memory of Robert ,35 Brannon, in Cross $100 T. Lewis, in Della Robertson, Jo Bradshaw, Mrs. $100 R.A. Wileman, in Della Robertson, Jo Bradshaw, Mrs. $15 in memory of Ger- $I0 22. Gresham & Mozelle Fowler, in memory of Gertrude Cross $25 23. Lucille Shirey $25 24. Olan Clay $20 25. Mr. & Mrs. Eugene H. Hunt $50 26. Ford & Juanita Drake $25 27. Mr. & Mrs. C.M. Gilmore $25 28. Lillian Brooks. $25 29. Olive Rozell $50 30. Walter Louis Jackson $50 31. Leone Lewis, in memory of Ger- trude Cross $35 32. J.R. & Maxine Pruett, in memory of Holley & Pruett families $50 33. Mr. and Mrs. R. C. Wilbanks $25 34. J. B. Churchwell, in memory of Churchwell family $25 35. Mrs. D. H. Carson $50 36. Mr. and Mrs. English Jackson $25 37. Idellah Fowler $25 38. Mildred Roberts & Mrs. M. K. Miller, Jr., in memory of Elmer Roberts $40 39. Mrs. Leroy Kirby $100 40. Stacy and Jeff Dunacusky, in memory of Cotton Monroe $10 41. Bobby and Ann Rounsavall, in memory of Cotton Monroe $10 42. Travis and Betty Matthews $100 43. C. L. Graham $I0 44. Mr. and Mrs. W. R. Morgan, in memory of Gertrude Cross $I0 45. Mr. and Mrs. Freddie Cude $50 46. Mr. and Mrs. Alton Cartlidge, in memory of Gertrude Cross $10 47. Mr. and Mrs. Cred Patton in memory of Gertrude Cross 48. Ruby Cook $25 49. Mr. and Mrs. Coy Wilbanks $10 50. Kenneth With one week to go we only need $475 to n|eet our goal of $3,000. If you have not made your donation to help purchase the mowing equipment for upkeep at the Malakoff City Cemetery do so today. You can leave your check at The Malakoff News office. 3rd week total $910 Overall total $2525 Still to raise $474 Malakoff Masonic Lodge No. 759 will have an installation of officers at 7:30 p.m. Saturday, July 18. The W. M. Elect has requested that all members of the Masonic Lodge and their families attend as it will be an open installation. Masonic families can bring their friends to attend, as the Grand Master of Texas Mason's has established "The Year of the Family.', : Refreshments will be served. All Masons that are members of some other districts than District 17 are in- vited to join in, not excluding visiting members of our district. The annual Tool Picnic will be held Saturday, July 18, from 12 noon to 12 midnight, according to Bruce Smith. Lunch will be served at 6 p.m. Anyone with family or friends buriec in the cemetery is asked to assist~ b) bringing covered dishes. Also, ham. burgers, cold drinks, pie and ice cream will be availalbe. There will be all kinds of games and a beauty contest, plus live entertainment. A Hunter ceiling fan first prize and a second prize of a Mr. Smoker will be given to the lucky ticket holders. Tickets will sell for $1 each. Ticket holders do not have to be present to win. All proceeds will be used for the upkeep of the Tool Cemetery. Everyone is invited to attend. BLACKEYED PEA JAMBOREE UNI)ERWAY The Annual BlackEyed Pea Jamboree is underway in Athens this weekend, Thursday through Sunday. The Jamboree will be held at the Henderson County Junior College campus. MEETINGS The Malakoff Lions Club will hold its regular meeting at th~ Lions Den Thur- sday, July 16, at 7 p.m. There will also be a board of directors meeting following the regular meeting. The Malakoff Volunteer Fire Department will hold a training session at the fire sty_ tion Monday, July 20, at 7 p.m. All firemen are urged to be present. Malakoff Rotarians will meet Tuesday, July 21, at noon at the Harbor House Restaurant for their weekly luncheon meeting. Malakoff Dad's Club will bold their regular meeting Tuesday, July 21, at the club's facilities. OFFICE HOURS The Malakoff News office is open on a regular basis from 9 a.m, until 4 pm. Monday through Friday. For your convenience, please contact the office during those hours to assure that your news is included. COMMUNITY ANNOUNCEMENTS To make sure people ere aware of your organization's activities, contacl the Melakoff News at 489-0531, For an item to appear in the News 0n its Thursday publieatlon it must be received at the NeWJ office by 4 pro. on the pfeceedlng Monday.