OCR Text |
Show 8 Raises Guarantee Of Home Loans Towle Transcript, Tliiirv, January IS, 19M VA TOP OP THE WEEK IPHOBAIL The Veterans Adminis- lions. But they stressed that home- - loan the Va processing policy is Itaxed on first- - come, guarantee rate was raised handling of all to 13.5 percent, effective - loan guarantee aphomeNov. 24. The rate change, the plications. MC CORMICK said eighth this year, moves it to only a half percent un- that his Colorado- - Wyomder the record of 14 per- ing office in Denver, with its in office satellite cent set last April 3. 225 is averaging OTHER VA rates were Cheyenne, raised Nov. 24 from one' home- - loan guarantee apweek.That half to 1.5 percent, noted plications per the agency's loan guaranty average fell from the 325 officers for Colorado- - level of two months ago, the high discount Wyoming. Utah and New reflecting tration basic PRICES GOOD. SUNDAY. . . JANUARY 1 8th MONDAY . . . JANUARY 1 9th TUESDAY. . . JANUARY 20th first-serv- rate currently averaging Mexico. The new, half- - percent increase in (lie VA ra(e fur homes came two months after it had raised to the 12 per- cent level from 11. The rate a year ago was 11.5 single- - family percent! Sheriff Shuhert accepts a plaque from Marine Captain John A. Wester recognizing efforts of the local sheriff s department Toys for Tots drive. Numerous gifts were donated and distributed to needy children in the Tooele area as a result of the program. Retirement History on wages and generally For the next quarter of a avoided workplace issues," century, AARP and NRTA the esecutive director of he declares, so have the led the fight against manthe American Association retirement associations em- datory retirement which of Retired Persons and Ns-- ; phasized benefits and acfinally culminated in the tional Retired Teachers As- cepted the necessity of re- 1978 amendments to the sociation in Washington, tirement, the absence of Age Discrimination in Emwork. DC.) ployment Act, prohibiting ALTHOUGH AARP mandatory retirement beThose who allow' themselves to ignore history, we was interested in work as fore age 70, and efforts are BOY CHRISTIANSEN are told repeatedly, are an alternative to retire- still being made to elimiD. Christiansen Jason mis-was 1 tkiomcd to repeat the nate it entirely. I'm all for was bom December 25 at ment, its concern pertakes of the past. On the functory. . . "Modem Ma- understatement on occathe Tooele Valley Hospital. other hand, if we ignore turity the associations ma- sion, but if thats a "perHe weighed 8 pounds 14 j the mistakes no matter gazine continued to see re- functory" concern. Id love ounces. Parents are E. how trivial - which tend to tirement not as an unfor- to see Craebners idea of Blaine and Judy Christiantunate institution but as what constitutes a devoted, sen of crop up in almost all historDugway. Grandparical accounts, then we may something for which older determined passionate conents are Elwin R. Christwere Americans destined be well to psycholo- cern. very iansen of Willard and Mr.' FINALLY, like so many magnify and perpetuate er-- ; gically unprepared. and Mrs. George P. Jones Thats not totally true. In others before him, Craeb- of roneous perceptions of the Malad, Idaho. Great present. support of these conclu- ner succumbs to the old grandmother is Mrs. David a Case- - in- - point: A Hissions. Graebner cites myth about German chanHill of Pocatello, Idaho. tory of Retirement by 1958 issue of Modem Ma- cellor Otto von Bismarck Brothers are Eddie, 17, 1962 Issue of selecting 65 as the age of William Craebner, an asso- turity" and a Todd, 15, Doug 14, Mark ciate professor of history at the AARP News Bullretirement under a pension 6 years old. 8, and the State University of etin. Had he looked a bit plan he was promulgating Photo Scott, Colbath by New York. further, he would have in 1875. Thanks to Rolrert Myers, WHILE the last few found that, as early as 1954, Dr. Ethel Percy An- who served for many years years have seen the publication of several books drus, the founder of AARP as the chief actuary of the evolving directly from the and NRTA, was telling a Social Security Administragrowing interest in the his- Congressional commit tee tion, I have a copy of the torical role of aging in about the detrimental ef- original German law proAmerican life, Craebner's fect of mandatory retire- viding for pension payis the first work to deal ment upon the lives of old- ments at age 70, not 65. None of this is intended specifically with the history er Americans. As I recall, the hearing to embarrass of retirement. William It is a generally good wasn't even about manda- Craebner nor to diminish work whose significance is tory retirement, but about the importance of his book enhanced considerably by the various problems af- which is well worth readits present singularity in flicting the nations older ing and should be on the citizens. the absence of other shelves of every library colIT WAS Dr. Andrus lection dealing with aging scholarship BOY BOLLAND contention, however, that in America. ing its subject. There are, however, a these problems stemmed He has focused attention Jeffrey Robert Bolland couple of points with largely from older people on a subject about which was born Dec. 1, in Okiwhich I must take issue. being literally kicked out of far more will undoubtedly nawa, Japan to Dr. and Mrs. The associations I represent the workplace, and into a be written, especially as it Robert F. Bolland. Jeff were very much involved new phase of life for which becomes a practice of the weighed 8 pounds 13 in the latter stages of the they were neither prepared past. It is the singular signi- ounces and was 21 and a events which Graebner nor desirous. ficance of this book and the half inches long. His proud chronicles and, since the It would be difficult, attractiveness of its subject grandparents are Rodney book displays some confu- she declared at that hearand the similar works and Iva Hamilton of Tooele sion about our role in these ing and on numerous occa- which will probably follow and Joseph and Lydia Head events, Im going to try to sions in the years that fol- before long - that makes of Ogden. A great grandset the record straight so lowed, to conceive a more one even more aware of mother, for the tenth time, other historians will not be vast waste of manpower the urgent importance of is Mrs. Fannie Hamilton, led astray. andor production than getting the simple facts also of Tooele. The new basic that caused by compulsory about retirement right the mother is the former Nancy GRAEBNERS Hamilton. first time. premise is that retirement retirement. policies and practices and even the recent law limiting mandatory retirement are direct outgrowths of efforts to attain greater efficiency in business and industry by eliminating those workers who are regarded as being by Cy Brickfield (Cyril F. Cy" Brickfield b ! TIDE Giant Size 1 SCOff $11.7 Reg. $1.89 ! ' Exceptions to the new basic VA home- - loan VA guarantee rate of 13.5 per- cent: the new rate of 16.5 for purchase of homes, the new 16 percent rate to buy both a mobile home and lot, the new 16 percent rate for loans to purchase a lot and the cost of necessary site preparation, and the new home- - improvement rate which includes energy-- n of 16 conservation loans lHt 8-- percent, The new basic home lan rate of 13.5 percent also applies to loans proved prior to Nov. 24 on which the commitment is outstanding but the loan hasnt leen closed. The new rate will be charged regardless of whether a certificate of commitment has been sned, unless that would volve breach of a prior commitment by the lender make the loan to the veteran at a lesser rate, Otherwise, lenders must submit statements to the VA that the veteran agrees 1 pay the new interest rate ap-Ix't- 'n percent. VA LOAN guaranty officers in the four- - state area still are receiving numerous requests to expedite cessing of home- - loan proap- plications, said John McCormick, VA loan guaranty officer for Colorado-Wyomin- g. McCormick, as well as his counterpart for Utah, Floyd Johnson, and for New Mexico, Ray Corkran, noted those speedup requests heightened the week prior to the new changes. They said those understandable requests reflect the changing market condi- - flu Wqd Wail) 01TG) (Ito iited lunar ttK) fife iltiHi) ftay al u u 9 V -- least productive. As it turns out, they also happen to be old. Retirement, he argues, was a, reaction against the continued influence of personal modes of behavior in institutions in which personal relationships were in- -. creasingly seen as dysfunc-.ionrelics of the past. At the same time, he maintains that retirement was also an attempt to achieve some semblance of employment equity among workers, and was thus the inevitable result of the need to shorten the work fe to spread available ork. . . Retirement has been historically sanctioned as a form of unemployment relief; older workers have been retired to create places for younger ones. SO FAR, so good; Graebners interpretations may be somewhat controversial, but so is the subject with which he is dealing. Where he goes wrong is in contending that older Americans willingly submitted to mandatory retirement like so many Iambs being led to the slaughterhouse, and that all of the organizat ions represent ing them were at the head of the line. Just as most American unions have concentrated ( tiannoMau (Sims Put a couple of good meu to work for you today Let these familiar faces from the past help build a brighter future for you and your family with help from the financial experts. Well show you how a few dollars saved here and there can really add up with careful planning. We offer many types of savings plans from passbook accounts to long-termoney market certificates. All TFCU earn the maximum interest' accounts savings rate allowed by law, compounded quarterly. Our money market certificates earn from day of deposit to day of withdrawal with interest added to your balance or paid to you by check. Just tell us your goals and well work out the ideal savings program. Dont shortchange yourself - stop in and see our modern money professionals today. m -- All Accounts by an agency of Insured to $100,000 the Federal Government Tooele Federal Credit Union Main Office Building 1010, TEAD 882-432- 2 Downtown T ooele Post Office Annex 882-110- 0 |