Newspapers / The Charlotte Post (Charlotte, … / Oct. 27, 1977, edition 1 / Page 13
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BWESTTMEVT r~ DECISIONS By Barnie Johnaon E.F. Hutton ft Company Account Executive “Creditor Or Owner: Which Should I Choose / ine decision as to whether : an investor should be a credi tor or owner depends primari ly on the investment objective, and the degree of risk one is willing to assume. It is gene - rally considered that to be a creditor is the more conser vative approach. Of course, : this is not always the case. V Consider being a creditor of mine versus being an owner in a well known Blue Chip Firm such as AT&T (not a recommendation). Also you : will have to consider the affect of "interest rates” changes on your investment should you decide to sell out before matu « rity. Credit instruments such as : Bonds, Notes, T Bills, Com mercial Paper, etc. bind the issuing organization to pay a fixed amount of interest each year and repay the full face amount on the maturity date, which is set when the instru ments are issued. Both Corpo rations and governments re gularly finance their opera tions by selling credit instru ments. Agency securities are issues of various U.S. Government agencies, such as the Farm Credit Banks and the Federal National Mortgage Associa tion. Municipals, also known : / as tax-exempts, are issued by state and local governments. Corporated Bonds of course are the obligations of a corpo ration. (See future articl‘d for a more detail classification of bonds.) To be an owner is to have an equity position in a corpora tion. When we think of equity, we think of the ownership interest of common stock, and to a lesser degree, preferred stockholders in a company. The issuing organization is not bound to pay a fixed amount of interest, nor is there a maturi ty date at which time you should expect to receive your initial investment. Your gains or losses are dependent solely on the success of the corpora tion and the extent to which its able to attract new investors. The renumeration realized, if any, comes in the form of dividends, and appreciation in stock value should you decide to sell your ownership inte rest. The preferred stockholder is a hybrid. Corporations pay a fixed annual arpount on pre ferred stock, when their pro fits permits, but preferred shares represent an owner ship stake in the corporation, not a debt. However, because of the fixed return, preferred stocks tend to fluctuate much like bonds in response to inte rest rate changes. Suggestion: Supplement your reading of this column by becoming a regular viewer of Wall Street Week; seen every Friday evening on your Public Broad casting Station. About i our Health iJJ i vaicj^u »» . ujruuiu, O.D., M.P.H. F.A.A.O. If you wear prescription glasses, they are probably made with plastic or heat treated safety lens. It is the conviction of the National So should not be optional for those who wear glasses This conviction could be upheld by NSPB's newspaper clipping files alone,- where week after week reports from across the country document accidents that would have been minor...but turn into tra gedies when eye glasses are broken and silvers of glass penetrate the eye. Ironically, such accidents are almost always referred to as “freak" happenings. Further corroboration of the incidence of such eye injuries has come from surveys of ophthalmologists, reports from armed forces medical officers, and other sources i who share the Society’s con cern about'the problem. For example, the Massachusetts Society surveyed their 261 state ophthalmologists, and received 152 responses. Of those who responded, 52 had seen eye injuries which , resulted from shattered lens jl es, for a total of 142 cases within the past two years Fully one-half of those cases resulted in temporary disabi lity for the patients; 22.5 per cent received a permanent . vision impairment. The efforts of the National Society, along with other con ceraed organizations and in di vidua Is, have been long anc _ ■ ■ up-hill, in attempting to se cure shatter-resistant eye glass and sunglass lenses, and flame resistant frames for every American wearing glasses. ’’ About 100,600,000 Americans wear spectacles all the’time for specific purposes such as reading. Most have the added protection of safety lenses. Countless unnecessary inju ries to the eye could be avoid ed if all had plastic or case hardened (heat-treated) glass lenses. Also, now all lenses must be plastic or impact resistant. Within the last year, significant advances have been made in the campaign to make flame resistant frames required. Although eye safety in in dustry and educational insti tutions has produced com mendable results in economic as well as human terms, ordi nary lenses and flammable frames still represent a need less hazard for both ch<ldr«n and adults. ■ ^HHHHHHHB^HHP PPHHH ^^RP f&c^i|S^i m JI |J|TMTJTm|I| 111 iT| 11 iJhHbB llt^B H I I ^^B V I B ^B kB * 111*1 LI ^Hw|j||||j§£gj|t nS I B • * ; BiMl 1 mil,T| *fgE^ ■ M | Iwana laylor Wins First Place In Talents Competition By Jacquie Levister Post Staff Writer The Youth Division of the National Council of Negro Wo men held a “Talents and Essays” competition recently at Winston-Salem State Uni versity, Winston-Salem. Participants in the event hailed from Greensboro, Win ston-Salem, and Charlotte. Charlotte entrants Twanna 1 Armeatrice Taylor and Janet Hayes were accompanied to Winston-Salem by Mrs. Lola Blackmon, Counselor of 43 girls active in the organization Charlotte branch. Twanna Taylor, tbe 14 year old daughter of Mr. and Mrs. Willie Taylor, won the first place trophy and cash award of $50 in the talent competition and Janet Hayes, daughter of Mr. and Mrs. Thomas W. Hayes and student at Garin ger High, returned to Char lotte displaying her 2nd place trophy and $25 prize for the essay division. Twanna, an aspiring fashion merchandiser, won out in the talent division with an inspir ed modem Ballet to the rhyth mic sounds of Motherland and Roots from the soundtrack “Roots" by Quincy Jones. During her performance, Twanna’s poise and fluid movement, the results of ex tensive dance training, left little doubt she deserved the I coveted first place prize. Janet's prize winning essay “Our Heritage,'' in composi tion and delivery was a stud; in pronunciation and ideas The Mt. Carmel Baptist Chur ch member undoubtedly is an . asset to the organization. In addition to Mrs. Black ’ mon the two young ladies were ■ supported by the presence of Pamela Reid. Donna Black mon, Stephanie Corbett, and Cheryl Corbett, members of Friendship Baptist Church. "The Youth Division of the National organization is com posed of girls from any demo miration working together to make life better for all they come in contact with,” stated Mrs. Blackmon who continued by saying, these girls were trying to help young pdople to see that values are still the beginning of a happy life and it starts with the church, school and community.” Delegates will be sent to Washington, D.C.to attend the National Council of Negro Women’s conference Nov. 6 - 13, 1977. On the itinerary will be visits to the National Aero nautics and Space Adminis tration (NASA) for a sympo sium for Junior and Senior High students, teachers and counselors on career oppor tunities and a visit to the White House and other gov ernmental Departments The local chapter of this outstanding organization is currently under the director ship of Mrs. Ophelia Gray, President with Mrs. Lenora Simms serving as Program Chairman. Bike-A-Thon Planned It will be different spokes for different folks at the Mar ch of Dimes Bike-a-thon, to be held on November 6, from 10 a.m. to 5 p m Three hundred pedalers are expected to sign up for the fifty-mile ride which starts at the Thompson Or phanage Chapel, comer of Fourth Street and Kings Drive, and is co-sponsored by WBT Radio and the Central Charlotte Association of the Chamber of Commerce. Whether your thing is pop ping a "wheelie” or gliding along on a bicycle-built-for two, you can join the fifty-mile ride. It will be an opportunity for the community to not only join the fight against birth defects by getting someone to sponsor every mile ridden, but will also give everyone a chance to see uptown Char lotte, Fourth Ward, Spirit Square, Overstreet Mall, and other attractions. There will be two WBT Pit Stops-Spirit Square and White Horse Ltd., which will be offering free refreshments to all bikers. In addition, there will be free entertainment at Spirit Square from 12:30 to 1:30. There will be a tandem bike race at 2:00 pm between local politicians, and a special VIP Up for the WBT disc jockeys and other local digni taries. Keep your out-of-town friends informed on what’s happening in Charlotte by sending them a copy of the Charlotte Post each week The cost is only $10 per year. Photo by Douglas Thompson TALENTS AND ESSAYS PARTICIPANTS •Janet Mayes, tmrd from left, and Twanna Taylor, fourth, display handsome trophies won in a “Talents and Essays” contest at »»liioiuii'ociiciii iclciuj^. uajmii uu die, leu to right, Ms. Josephine Coley, Ms. Ophelia Gray and Ms. Lola Blackmon. V; \ -y' ■} i ' ‘ * Amendment 3 __FOR constitutional amendment empowering the qualified voters of the State to elect the Governor and Governor to a second successive term of the same office, * , ■ / « • You deserve this choke* - Good intentions. Once upon a time, some of King George's royal governors really pushed the colonists around. And you've been short-changed, ever since. After the Revolution, when state constitutions were being written, people remembered the crown's wrongs, and made sure that future governors couldn't abuse the power of the office. So, in many states, a governor was barred from serving more than one term. In N .C., the Assemb ly elected the Governor, up till 1835. Then, you got the vote - and the one-term limit. It seemed like a good idea, at the time BwMimw change. As our nation grew, and grew up, the rights of the voters and of the state legislatures grew stronger. The task of running a state government grew more complicated. And the task of finding really well-qualified people for the Job of Governor grew more and more difficult. SeriwitatMchangad Seeing that the old fears of a governor gaining too much power were groundless under modem systems. more and more states realized that it only made sense to keep a w good governor on the job. Instead of auto VJ matlcally turning him out and having to start fresh with an unknown and unproven person. 43 of 50. And so, state after state gave their voters this option: To reject or re-elect an experienced governor. Alaska and Hawaii brought it with them to statehood. In 1966. Oklahoma changed. In 1968, Louisiana and Missouri. 1970; Florida and Pennsylvania. West Virginia in 1972, and just last year, our neighbors in Georgia passed their amendment. Today, the voters of 43 of the 50 United States have this important right. Hera's our chance. On November 8th, the voters of North Carolina can vote themselves this right. On the ballot. Constitutional Amendment #3 empowers the voters to re-elect their Governors and Lieutenant Governors for a second term, if they choose to. A bipartisan effort. A majority of the N.C. General Assembly voted to recommend this amendment. Leading Republicans, Democrats, and independents support its passage. All of the past five former Governors: Luther H. Hodges, Terry Sanford, Dan K. Moore, Robert W. Scott, and James E Hoishouser. Jr. endorse it. And a recent citizens committee on constitutional reform urged this change be made. for better government. Our state suffers from the one-term limit Lona-range problems like water, energy, ananew industries and jobs demand long-range solutions. From short-range governors. By the time our governors learn the job. their term is half over. So they can t initiate and administer the kind of farsighted programs that our state needs But even just the possibility of re-election would encourage and allow stronger more consistent leadership A fairer ahar*. The one-term limit shortchanges North Carolina in other ways. The people who run the federal programs and who participate in the regional conferences know full well that theN.C governor is an automatic lame duck So they pay less attention to our needs. Squeaking wheels get the grease; but our governor isn't around long enough to establish the working relationships or make the necessary contacts to have the kind of influence our state deserves And your fuN rights. _ _ J deprives you of a fundamental right If the voters are capable of finding people good enough to be governor for four years, they are capable of deciding whether they want to re-elect them for four more To continue a good job And they are capable of deciding that the job wasn't good enough. so they can choose to reject them after four years Either way. you should have the choice And Amendment # 3 gives it to you |J November 8 vote for the right to reject or re-elect. Vote Amendments. Committee for the Right to Reject or Re-Elect. Mezzanine - Sir Walter Hotel . PO Box 1549. Raleigh. N.C. 27602 ^ Hugh M Morton, Chairman • Campaign Directors Phil Klrfc/Tom Lambeth ___
The Charlotte Post (Charlotte, N.C.)
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Oct. 27, 1977, edition 1
13
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