Newspapers / The News-Journal (Raeford, N.C.) / Aug. 25, 1983, edition 1 / Page 17
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Texas is the 'promised land' by Lucien Coleman J. Frank Dobie once told a story about a politician making a speech at a Texas barbecue. His oratory made the Lone Star shine brighter than a bed of mesquite coals on a dark night. "Texas," he proclaim ed, "is the land of opportunity and democratic individualism. It is the land where every man is as good as every other man." "Yes," an enthusiastic voice hollered from somewhere in the midst of the crowd, "and a damn ed sight better!" Texans. The subject matter of a million stories. Some disparaging. Some envious. All bigger than life. And, now, after having led a deprived life outside the Lone Star State for all these years, 1 have finally entered into the promised land. One thing you learn very quickly about Texans is that they really mean it when they brag about their state. Cowhands in muddy pickup trucks, bank executives in three Things That Matter piece suits, football fans hootin' and hollerin' at an annual Texas Oklahoma game -- it makes no dif ference. One and all, they'll tell you they live in God's country. Texans often disguise the truth by wrapping it in humor. For in stance, there's the old joke about two millionaire oil men walking in to an automobile agency and pick ing out three Cadillacs apiece. Then one of them says, pulling out his wallet, "I'll buy today." Fun ny, because it seems exaggerated out of proportion, the story could happen any day of the year in a state where 100,000-acre ranches are not uncommon and a single oil man can pump thousands of bar rels a day from his wells. (There are 12,000 millionaires in Dallas alone - "Big D" where the fabled Neiman-Marcus store sells bags of diamonds, as Christmas gifts to customers who can afford the $50,000 to $250,000 price tag). Another obvious characteristic of Texas is the ever-present Mex ican influence. Not only do Texans consume more Mexican food than all the other states put together, the very language is laden with Spanish terms. Words like "lariat," "hoosegow," "calaboose," and "chaps" all come from Mexican lingo. In border cities, like Laredo, you are as likely to hear transactions in local stores conducted in Spanish as in English. I don't think I'll join the ranks of the millionaires. But I don't see how I can keep from picking up a little Spanish. And, of course, I'll need to learn how to wear jeans, Stetson hats, and cowboy boots. Just one problem, though. I keep getting into conversations where I can't tell where they're talking about the Dallas Cowboys or the Twelve Apostles. ^Property can be saved from bankruptcy sale by Charles C. Lewis Associate Law Professor Campbell University When you think of a person go ing into bankruptcy, you probably picture all his property being taken from him and sold in order to pay his creditors. I To a certain extent, this picture is accurate, but the Bankruptcy Code allows the debtor in a bankruptcy proceeding to exempt some of his property from sale by the bankruptcy trustee. In the same section in which the Bankruptcy Code lists what pro perty the debtor can keep away from the bankruptcy trustee, it provides that any state may preempt the Bankruptcy Code's ^exemption provision and provide its own exemption provision. North Carolina is one state Law For Laypersons among several which has decided to preempt the federal Bankruptcy Code and which sets out for North Carolinians exactly what property they may exempt from sale in a li quidation case. North Carolina's exemption sec tion may be found in General Statutes section 1C-1601. As an il lustration of the type of property exempted from sale in bankruptcy, this exemption provision exempts the debtor's interest, not to exceed $7,500 in value, in real property or personal property that the debtor or a dependent of the debtor uses as a residence. The debtor's interest in $1 ,000 in value in one motor vehicle is also exempt, as well as is $2,500 in value for the debtor plus $500 for each dependent of the debtor, not to exceed $2,000 for dependents, in household furnishings, household goods, wearing apparel, ap pliances, books, animals, crops or musical instruments that are held primarily for the personal, family or household use of the debtor or dependent of the debtor. Some other things exempt are the debtor's interest, not to exceed $500 in value in any implements, professional books or tools of a trade of the debtor. The property listed above, and additional property mentioned in General Statutes section 1C-1601, may be kept by the debtor and not included in the property which the debtor must give to the trustee for sale. The policy behind the exemption provision is to provide the debtor with a certain minimum amount of property with which he can begin anew to establish his financial security. Taking every penny away from the debtor might make finan cial security too difficult to regain. Thus, the debtor is allowed to keep his exempt property for his own use, and no creditor can re quire that it be sold to pay his debts. "This article is written as a mat ter of general interest only. It is not to be construed as legal advice, and you should not rely on the statements made in the article to govern your actions in any specific case. If you have a particular ques tion or problem, you should con tact an attorney. Letters To The Editor Puppy Creek Philosopher Dear editor: Human nature is still one of the funniest subjects to study, even if Russia has tried to abolish it and Congress has never mastered it. For example, people got all cx cited and the newspapers and television networks went wild over a baseball player's sticky bat, yet nobbdy pays much attention any more to a politician's sticky fingers. Ain't no umpire's rule on pine tar there. Speaking of politicians, five Presidential candidates are already running hard and raising money but not a one of them, if elected, has a ranch to fly to on weekends. They expect Air Force One to sit around Washington on weekends getting rusty? Or take bridges. A national survey claims thousands and thousands of bridges in this coun try are badly in need of repairs, some of them even unsafe. Have you considered what a problem this can be to politicians? How are they going to be able to say, when asked a- question they don't want to answer, "I'll cross that bridge when 1 come to it," when they can't cross it even then? I've spent hours trying to figure out how anybody can cross a bridge before he gets to it, but have given up and put it down as un solvable, like the Mideast, Central America, the national deficit and the nuclear arms race. Speaking of the arms race, one trouble with a nuclear weapons freeze is, how do we know, if an international freeze is agreed on, Russia won't come up with an automatic defroster? Ypurs faithfully J. A. rtLRTIAQE t ttD LRAL //EJ^TDSQE ftDLRAL //LRrDSQE, flLDLRAL wJ uJ You've built equity in your home... The equity in your home (the difference between the amount you owe on your first mortgage and what your home is really worth) is an asset often overlooked You worked for your home ...now let your home work for you. Our loan officers will be pleased to talk with you about taking advantage of this ideal money source. A loan on this equity can pay the tuition for your children's education, home im provements, buy or build a recreational home, allow you to take advantage of invest ment opportunities, and even help you assume an existing mortgage on a new home We can assist with any worthwhile financial need ? You have built equity in your home ? why not use it??? Wo are an authorized Master Policy Holder of United Guaranty Residential Insurance Company Of North Carolina t?r ? .iwai i rJDrJ\AL Association , Shop ^Raeford 113 c>n,Pus Av*- 0 c .. V. Raeford, N.C. 9 5 Mon thru Fri. rirst ,,d ?,k" location* la N.C. 875-5061 FSLIC r i /ft RlTMjE fi-Df RAL //F.RTM,F fiPtMl, //UUW,r. ft.DF.RAL ?v "Things are really getting tight at National Public Radio... The announcer just read us his resume. " Farmers are pros The farmer deserves the image of a professional, college educated, business person with high dollar value assets and capital needs. The saying, "if you can't find work, you can always be a farmer" no longer applies. To operate com plicated machinery, use agricultural chemicals properly, use the Board of Trade effectively, and introduce computer technology into animal nutrition, marketing and genetics requires a broad range of skills and background. A young person who wants to be a farmer or rancher today must have a family operation to join or at least a relative or neighbor with land to rent.. The dollar needs for 31 BUSINESSES NOW SELL The News-Journal You can buy The News-Journal at any of these 31 businesses. Check the one closest to you for complete Hoke County coverage. ROCKFISH Hardin s Food Store Jiffy Mart HILLCREST Hillcrest Grocery SOUTH HOKE McEachin s Grocery SCURLOCK Jackson s FMA BOWMORE Davis Kash Mart WAYSIDE /PUPPY CREEK B&w Food Mart WACRAM (Scotland County) McNeill s Grocery MCCAIN Parks Grocery RAEFORD Cole s Food Store Crossroad Grocery Home Food Market Howell s Drug Hoke Drug A&P Sky City Revco Tuckers Grocery Grocery Mart Christy Oil Company Edinborough Restaurant McMillan s Grocery Party Shop 401 Gulf 76 Short Stop Pantry ?Central Ave & Harris Ave > Averette s Caddeirs Morrison s The News-Journal The News-Journal For complete Hoke county coverage equipment and animals plus inputs to plant a crop demand the initial investment of several hundred thousand dollars. It is not unusual to find a young family that will be paying a lifetime for the initial in vestment needed to farm. The families living on the na tion's farms and ranches are there today because they want the type of lifestyle and independence that living in the country offers. Despite the complex risks of modern agriculture, farmers still retain an intensely positive attitude toward their occupation. Accor ding to a scientific study made a year or so ago, ninety-five percent of the farmers queried say that if given a free choice they would con tinue in their present work com pared with only 60 percent of the general public asked the same qudstion in a previous survey. The report pointed to the op timism among respondents that farming will remain the focus of their family tradition. SHRIMP BASKET w Irinch fries slaw and huahpupp?aa *3" CARRY OUTS AVAILABLE WAGON WHEEL RESTAURANT HARRIS AVE. TEL. 875-5752 WELCOME Raeford's Man In Fayetteville Mike Crovider \ i See Raeford's Mike now for a great buy on a new or used car or truck. w
The News-Journal (Raeford, N.C.)
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Aug. 25, 1983, edition 1
17
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