Page 4-The Journal Opinion-June 10, 1981
II I .ii i ii i iiii ii IIII I III
NORTHEAST PUBLISHING COMPANY. Inc.
t
Publisher of
Robert F. Huminsld
President & Publisher
Bradford / . Woodsville
802-222-5281 " .
2 603-747-20 ! 6
An Independent Newspaper
I EditOrial
Highway robbery
The Vermont legislature, in the face
of the state's troubled economy,
appears determined to chase away
even more business or at least make it
as expensive as possible to do
business here.
First it was shutting down virtually
all the supermarkets in the state on
Sundays on threat of arrest of store
managers under the revised "Blue
Law."
Now it's substantially increased
taxes on out-of-state trucks which has
stirred outraged cries of "highway
robbery" and "border war" from
other states.
On June 15, truckers from other
states, including neighboring New
Hampshire, will have to pay $15 every
time they cross the border into
Vermont, plus a $40 highway use
permit. The legislature doubled the
Vermonters for goods delivered here
from out of state.
No doubt truckers will avoid Ver-
mont altogether when possible, killing
the considerable business they do in
fuel and other purchases in Vermont.
New Hampshire, in apparent
retaliation, has announced it will
impose identical $40 highway permit
fees and $15 border-crossing fees on
Vermont trucks starting next month,
meaning higher costs for Vermont
businesses that sell their goods in
other states hnd deliver them by
truck.
"It's definitely going to hurt the
consumer because the trucking
operators are going to add the in-
creased cost of operation to their
freight rates," said one trucking firm
spokesman in Lebanon.
I Some do care/n the US.
Letters to the Editor J To the Editor: aggressive marketing Mr. Babb.
I wonder how many people techniques such as ad- world's
' noticed the moral statement vertising, distributing free the whole
use tax from the former $20, in-
:sed g fee from
$I0, and killed the reciprocal
exemptions that formerly applied to
trucks from 13 other states including
New Hampshire and Massachusetts.
Angry trucking firms say the fees,
apparently the highest in the nation,
will be passed along to consumers,
which will mean, in many cases, to
Racing fans have a right to know
To the Editor: rules and I never have been. I legal.
enjoy racing very rfiuch and
my car has never been found
illegal.
When I came to the track on
Friday night no one said a
word about the problem. The
only time it was questioned
again was when we were
about to start the engines for
the Feature Race. At that
time, Mr. Elms used a piece of
plywood pushed against the
rear tire and said it stuck out
too far.
I was told I could go to the
pits and put on another tire
and they would give me two
laps. I explained that the ear
is legal and I could prove it. I
also pointed out that the spare
tire that I carry has the same
offset and this change of tires
wouldn't prove anything. I
also said that if Mr. Elms
didn't approve I still had one
week left to fix the
problem--although I sure
don't know what I could do
different, because the car is
MONEY SENSE
Investing your money
If you have $10,000 or more in cash you are able to deposit
in a so-called "Money Market Certificate", then you are a
potential member of this country's growing roster of "Study
the Financial Page Club". With your $I0,000 or more, on the
date this column was written, you can command one of the
highest savings rates paid in the history of this country!
Without having your money tied up for a long period of time.
Without the risk of market fluctuations for the six months
your money is on deposit. Without the risk of loss, because
your money is insured by the FDIC (or some other agency)
up to $I00,000. You can even get a check each month for your
interest income.
While we're at it, let's not forget Money Market Mutual
Funds, Investor's Funds and a host of other funds that will
accept amounts as small as $I,000 for a minimum of I0 days
and a maximum of 89 days and pay you 15 per cent or more
on your money. (Incident]y, these "Funds" are NOT insured
savings.) Sound like Utopia? For a privilegedfew it can he.
Meanwhile, lost in the backwash of this gigantic struggle
for the big buck, are the millions of people whose eavings
seldom rise above a $1,000 dollars and if they do, are usually
ear-marked for some immediate need such as taxes or in-
surance.
What are the legislators and regulators doing for the "little
guy"? Very little. If you pick the right hank, you can receive
as much as 51/2 per cent on your savings account. As you can
see, there is quite a bit of difference between that rate and
the 15 per cent or so paid on Money Market accounts. Don't
bear down too hard on your local bank.
The real culprit responsible for this mess is a thing called
"Regulation Q". Under this regulation, savings ba are
forbidden to pay more than 5% per cent on regular savings
accounts and commercial hank are limited to 5V4 per cent.
Fortunately, "Regulation Q" is being phased out, offering
some hope for the small saver to realize a greater return on
his account. It does take time however to phase out a
regulation, especially one that will bring all hanks into more
intense competition for the savings dollar.
In the meantime, let's compare interest income between
(A) A person who can invest $10,000. in a money market
certificate and tB) a person with $10,000. in a regular savings
account as of June 1,1981:
(a) $10,000. at 15.925 per cent for 180 days equals $785.34
(B) $10,000. at 5.5 per cent for 180 days equals $271.08
The difference: $514.26
As you can see, this is a considerable amount of money.
Because hanks are receiving an increasing number of so-
called money market deposits their interest expense is in-
creasing proportionately. What are hanks doing to offset this
increase cost? Next week we'll take s look at some o( the
ways hanks can operate to p rot,,.t their earnings against the
'rising cost of money. After all, Ive never heard a bank being
called a charitable organization!
I am writing this letter
because I feel the racing fans
have a right to know what
happened to Car No. 98 at the
races last Friday night. We
were in first place in points
and the car has been working
really well all year. I was told
by the officials on May 29th
that my right nerf bar stuck
out too far. It has been this
way since the middle of the
last year of racing, but no one
ever questioned it before. The
reason it was out was because
a special built offset wheel
was ruined during a race last
year and ! didn't have another
wheel like it so I put on a
standard offset wheel,
The rule book says you have
2 weeks to fix a problem, but I
fixed the nerf bar in question
between the May 29th race
and Friday's race. I used a
straight edge to determine
that the nerf bar no longer
stuck out by the tire, I am not
interested in breaking the
Vermont's greatness
To the Editor:
Vermonters love to glorify
their state but we wonder how
many really make its beauties
an important part of their
lives.
It would take a book to cover
the subject of Vermont's
greatness, and this has been
done in the past by many
talented writers and artists.
We would simply like to point
out some aspects of our
pleasures in the state which
many people are missing. And
you don't have to retire to
have the fun we as.
We soon discovered on
arriving here in the fail of
1971, that the winter was a
beautiful and thrilling time of
year. This just happened,
unplanned. We were not
skiers: we happen to like
activity and the outdoors. We
now ski almost daily during
the course of the five winter
months and cover several
hundred miles in this area
alone Breath-taking sights
greet us at every turn, but
very rarely do we meet any
other skiers, or even see any
ski tracks. It seems a pity.
The coming of spring is just
/Admittedly, Vermont is having as exciting as winter, but in
pi'oblems
,,diff..ce WY&-:O ..the
*" earhest chaes s tl iival
of different speczes of birds
whether this is the best way to do it. from those which been guests
And how do. state officials plan to at our feeders all winter. The
monitor the numerous trucks entering
the state from all points of the com-
pass? More State Policemen? That
sounds expensive, too, and the police
have enough to do already.
for
education
commissioner
red-wing blackbirds come
first. This year we were
honored by the arrival of a
male and fernale cardinal who
decided to stay after a
careful inspection of the
premises. So now we are
feeding the honeymooners
who shovld soon become
parents. A male cardinal had
stopped by briefly in past
years hut never persuaded a
To the Editor:
The Vermont Board of
Education is in the process of
searching for a new education
commissioner. Before we
begin to consider applicants,
we would like to hear froq
educators and the public about
the kinds of qualities that
Vermonters believe the new
commissioner should possess.
We have set aside the
second half of our June board
meeting to hear individually
from representatives of
professional asociatious and
individuals. We will also
receive letters of comment
and suggestions.
These wantin]g to meet with
the state board may arrange
an interview for June 16 in
Montpelier by calling Sally
Bouffard. Department of
Education, 828-3135, Those
who want to send letters may
write to: Allen Martin,
Chairman Vermont Board of
Education, Suite One, 100
Dorset Street, South
Burlington, Vermont 05401.
Allen Martin, Chairman
Vermont Board
of Education
I then confronted the
flagman who said Mr. Elms
told him to Black Flag me if I
started the race. I asked the
flagman to please look at the
bar in question, but he said it
wouldn't do any good, Mr.
Elms was the boss.
When I got to the pits I
checked the car again, in front
of 30 or 40 people and found it
legal, as I knew it was. I then
went to Robert Nutting
tassociate owner of the track)
and had him check it--be said
it was legal. I had Crawford
Emery, the pit steward, look
at it and he agreed it was OK. I
had both members of the
Driver Grevience Committee,
Pete Dunn and Jr. Coffin, look
at it and they both agreed it
was legal. Before the evening
was over many people had
looked at the problem and
agreed there was nothing
wrong. Mr. Elms, in my
opinion, stood alone in his
decision. As a result of this, I
was moved out of first place
and down the ladder again.
There were 20-25 Little
League ball players from
female to join him Also this Chelsea waiting to see me
year for the first time a race, as well as all the regular
mocking bird arrived and fans. I must say it was some
left again -- on May tO. Bird heart-breaking and era-
feeders can be an endless
source of interest and
amusement, but for the
greatest pleasure they should
be visible from some spot used
for rest and recreation, such
as the breakfast nook. During
the past ten years we have
recorded 82 different species
of birds seen from our kitchen
window
Our final note for this report
concerns spring wild flowers
which are for most part, small
and sparse and quickly past.
Of course, the more a person
knows about a subject the
more interesting j! becomes,
but at least one of us arrived in
Vermont knowing very few
spring wild flowers being a
city type and having vacations
in the summer. However. this
year in May alone we iden-
tified and recorded about 70
different kinds of wild flowers.
These observations were
made almost incidentally to
our life in the garden, with
only a few excursions to
neighboring woodlands. We
had a lot of fun.
We won't dk$cdssthe joys of
summer an [t, ince these
are well kn0v/n to one and all.
Even flatlanders.
Peg Watt
Jim Watt
Ely, Vt.
P.S.: Since this letter was
composed, bright-eyes in the
family spotted rand identified
later with bookl ten additional
flowers along the road by just
driving to town for a
newspaper. This was on May
31. You see: it's easy as well
as fun.
harassing to have to take a
legal car out of the race.
Now fans, I appeal to
you--How Does One Compete
This Way? You follow the
rules and still erid up sitting in
the pits. Could someone tell
me why they waited until the
feature race to bring the
problem up again. I stood
around the pits all evening
with nothing to do and no one
said anything. We have
always, in the past, been given
2 weeks to fix a problem. I was
given 2 laps. If a car has a
problem during the evening
and can't run, the track likes
to be given warning ahead of
time. I wasn't given any
warning at all! Tell me racing
fans, was this fair and proper?
I await your replays.
Frank Keene
Owner & Driver
of Car No. 98
Chelsea, Vt.
that two senior officials of the
Reagan Administration
recently made and the
sacrifice entailed in this
statement.
After "lengthy discussions"
AID Administrator M. Peter
McPherson said that Dr.
Stephen Joseph and Eugene
N. Babb, officials of the
Agency for International
Development intend to submit
their resignations after the
United States casts it's vote
against the International code
at the World Health Assembly
May 21st in Geneva.
McPherson said the
resignations will be accepted
immediately.
Joseph and Babb are
protesting the ad-
ministration's decision on the
infant formula code. The
United States is expected to be
the only government among
the 157 countries participating
in the World Health Assembly
to vote against the code.
Basically this code is
designed to diminish com-
mercial efforts to convince
women in the Third World and
underdeveloped nations to
switch from breast feeding
their babies to using formula.
Many of these countries have
contaminated water supplies
and poor sanitation. Mothers
simply cannot prepare a safe
clean formula under these
conditions.
Approximately 10 million
infants and young children
annually suffer from
sometimes fatal malnutrition
and other diseases associated
with inadequate breast
feeding and the use of milk
substitutes.
Many health and religious
groups in the United States
support this code, but "big
business" along with its ob-
vious financial clout appears
to he heard more clearly by
the current administration.
The "immoral culprits" are
three large formula
manufacturers and the
Grocery Manufacturers of
America."
Apparently the credit side of
the ledger is more important
than the lives of babies we
never see, or the respect of the
world.
The code seeks to forbid
Sportsmanship and team spirit
To the Editor : with good team spirit. The
This iS my first ever "Letter East Corinth Ma[or League
to the Editor". I have been coaches, Copeland and
sorely tempted may times but
never stirred up enough to
actually do it.
I have just returned from a
Little League Baseball game
between the Bradford Green
Hornets and the East Corinth
major league team. I always
thought the purpose of Little
League was to teach the
children 1) the game of
baseball 2) sportsmanship and
3) to work together as a team
Wentworth police chief resigns
To the Editor:
An open letter to the citizens of
the Town of Wentworth
It is with deep regret that I
must write this letter of
resignation as Chief of Police
of the Town of Wentworth,
New Hampshire. effective
June 9, 1981.
As you are all aware, the
present state of the economy,
and rapid rise of the rate of
inflation, have made it next to
impossible for individuals and
families to make ends meet.
Unfortunately, I am in the
same position.
The office of Chief of Police
in Wentworth is not a full-
time, full-paying job; and I
cannot, by any stretch of the
imagination, survive on a
part-time job.
I have accepted an ap-
pointment as a full-time police
officer on the Waterville
Valley Department of Public
Safety. Because of. the
distance which separates
these two communities, and
because I find that for the sake
of fuel economy, I must move
closer to my full-time em-
ployment, I feel that I can not
serve you effectively as your
Chief of Police.
I am certain that your
selectmen will appoint
someone who will serve you as
you deserve to be served until
Return to the cave dwelling era
associate, display the poorest
sportsmanship of any of the
coaches I've seen in four years
of Little League games. And,
the worst of it is, it shows in
their team's attitude, too.
I don't feel there is any room
in Little League for adult
coaches who rax 11-and 12-
year-old opposing pitchers
and players. Their job is to
teach their team hew to play a
good game, net how to walk
slowly to the plate to delay the
samples or sending nurses or isn't totally
"non nurses" dressed in white that some
into maternity wards and about our
villages in the Third World to in
promote baby formula. Jacc
I commend Dr. Joseph and
00Our
by
In 1976 the New England River Basins
pleted a three year study of the Connecticutl
a 292 page report entitled "The
unified program for flood plain
necticut River Basin" it outlined,
recommendations focused on quote
better job of getting along
the overall responsibility pretty
agencies.
Like all such efforts, its general
spotty. In many cases key strategies
pensive or politically, economically or
to be contemplated. In other cases some,
seemed too small in scale to he worth
preaching such issues, River's Reach did not
emphasis on the "cumulative impact"
and conditions and in effect did not identify!
suspected time bombs ticking in the
enough for another column and we'll look
time.
The New Hampshire Office of State
issued a "Basin Status Report" to the
Citizen's Advisory Group. It is a rather
date on just how this state has followed
recommendations found in River's
recommendations addressed every conc
riverine activity and condition the
types pages and the information it
remarkable, encouraging and disturbing, i
order.
In this situation it is difficult to avoid a
did you know" kind of approach but we'll
thing to a minimum.
Those of us who watch the PBS channels
classic "Is there a Water Crisis" last
been unfortunately reassured by hearing
has traditionally been a well watered
fortunate is the couple of dry years
are down, some wells have become
swings are downright unreliable and if (
quality is a mounting concern.
In the river itself water quality has
proving since 1972. Some may
ago we were told not to eat the fish and
drink might prove terminal. Things are
the
In the New Hampshire-Vermont section
from here on the term "river" will mean
the Canadian border to the
otherwise noted--there are 26
facilities with 24 more planned.
built since the Reagan administra
most water related projects and most of
rot.fit tbo budgets of the towns involved.
.... Ville: plantwill be finished and go
future. There is still some 309 miles of
that do not meet mandated quality
degradation is a mix of municipal
Water quality includes that of
we tend to think of streams
geology permits no such distinctions.
ground water, they feed streams and
separated. The N.H. Water Supply
commission has prepared draft
activity that could
Seventy two percent of
of the people generally rely on ground
use.
While the Rivers Reach made no
Psychiatrist Robert L.
Dupont says the nuclear
phobia is psychological. Let us
be truthful and not forget, the
Three Mile Island incident
was grossly blown out of
proportion by an ignorant
media and the opponents of
nuclear power. No one: I
repeat, not one person was
injured in the vicinity of 3 Mile
Island.
Dr. Arthur M. Bueche, last
year's winner of the American
Institute of Chemistry's gold
medal, sees a parallel bet-
ween today's nuclear phobia
(please turn to page 5)
To the Editor:
Re: Nuclear electric and the
ignorant and misguided op-
position to it.
I am not a nuclear physicist
but I have worked for almost
40 years in coal, oil, and
finally in nuclear electric
plants. As far as I am con-
cerned, the nuclear plant is
the cleanest, safest, most
efficient and the cheapest.
Dr. Edward Teller, noted
nuclear physicist has said,
"Nuclear power is the
cleanest, safest and cheapest
method of generating large
amounts of electricity.
your next election. In the for the support you have ex-
meantime, again, let me tended to me, not only at the
express my regret that I must polls on election day, but
leave. Perhaps, sometime in throughout each of the four
the future, it will he my years of our association.
pleasure to serve you again. Tom Smith,
I would also like to take this (Ex)-Chief of Police
opportunity to thank all of you Wentworth, N.H.
game, so they won't have to
play the last inning !
Probably they will say, I am
just mad because we lost. Not
so -- we have lost many this
year and last, but, ! have not
come away from a loss feeling
this way since last year when
we played East Corinth.
Gall R. Hathaway
Bradford
Vermont Secretary of State ..
• James H. Douglas ,..
A new era in rulemaking
On July 1, Vermont enters a new era in
rulemaking. On that day the new
Administrative Procedure Act (A.P.A.)
reform law takes effect, and agencies of
state government will experience fir-
stband the new climate for rulemaking in
Vermont.
At a time when Washington is feeling the
first effects of a concerted movement
toward deregulation, Vermont's unique
version of the A.P.A.--first adopted here
in 1968--is about to change course toward
greater accountability and legislative
oversight on rulemaking.
Rules properly adopted by the A.P.A.
process have the force and effect of law.
They are promulgated (a fancy word for
'put into effect') by state agencies and
reviewed by a legislative committee that
meets throughout the year for that purpose
alone. The committee is made up of
members of the Vermont Senate and
House of Representatives.
Before July 1, if the committee found
that a particular rule was arbitrary,
contrary to the intent of the Legislature or
beyond the authority granted the agency
by law, the committee could do one of two
things. It could recommend to the agency
that the rule be changed or repealed. Or, if
the agency refused, the committee could
attempt to have the rule repealed by a bill
or joint resolution of the General
Assembly.
The fundamental change in rulemaking
after July 1is the addition of a new remedy
for the committee, if it is disenchanted
with a particular rule. Now the committee,
, by majority vote of.the entire committee,
can file a written complaint with the rule
that will make defending the rule in court
more difficult for the agency.
This isn't quite as potent a sanction as a
"legislative veto," a concept currently
being discussed in some states that would
allow a committee to repeal a rule on its
own, without full legislative action. But the
formal complaint letter approach--unique
to Vermont among the states--will cer-
tainly have a chilling effect on too vigorous
rulemaking activity by state agencies.
In addition to these changes, the new
procedures will also give Vermont citizens
more access to the rulemaking process.
The new law provides for more extensive
publicizing of proposed rules, more time
and greater notice for public hearings and
new channels of communication between
citizens and state agencies. Agencies will
now be required by law to fully explain
new rules to people who ask about them.
The new rulemaking process even
requires agencies to write out and keep on
file any procedures of the agency that are
used by an agency in the discharge of its
powers that affect even one citizen not an
employee of the agency, if a single person
requests it.
The temper of the times condemns
excessive governmental interference in
our lives• Rules. historically, have been
the worst culprits, allowing government to
poke its finger in places even legislatures
have been careful not to invade.
Vermont's new approach to rulemaking
represents the first strong winds of change
in this area in recent years. The weather is
clearing, the burden of government is
slowly lifting, and Vermonters.ought to
appreciate just how c0mmitted Vermont /
State government really is in 1981 to these
ends.
mendations for hydro power in New
such installations in the basin. Lake
created to regulate the flow on the
hydro facility if a permit applied for
Resources Board and the N.E. Power
Several such applications have been
section -- the Bradford-Waits river dam is
Wells River another.
When it considered recreation, River':
Connecticut River National Recreation
involved a total of 56,000 acres
Charlestown to the Conn. Lakes. The
enthusiasm in either Vermont or
the towns within its borders.
but the gas has been disconnected.
However, a plan to designate a
tributary
better luck. The
plan and investigated those rivers and
standing wild, scenic and recreational
result is the "River Conservation Act"
session of the General Court.
for the protection and
In addition both Fish and Game and
acquisition of additional public access
River. We'll ee.
The "Reach" also looked at
mended that some 600 archeolc
aside.
Heritage Act" introduced into the 1981
followed by a
seek to preserve such identified sites.
dition to the archeological
environmental impact studies.
vation of a number of Flood control
Reservoir Sites. Since publication,
rethinking of this program and it
sites on the Sugar River in
Anadromous fish restoration, primarily
and Atlantic Shad, is an old idea
more, These fish, which breed
develop in salt were wiped out in
by dams on the lower river which cut
spawning grounds Ul
story on the salmon a few weeks hack.
River's Reach recommended
Falls, Vernon, Bellow's Falls and
series begun earlier down river.
Bellow's Falls is "in the works" and
later this decade. I visited Turner's
why they, fish ladders, run to
each. The mere size and obvious
enormous, and the power
New Hampshire, Vermont
compact to manage these fisheries.
Massachusetts are delaying that
agreement, without which the
success.
We've run outof
EDITOR'S NOTE-- The three authors'
like to hear from you. If you ha/e
Connecticut River issues you would
here, please let us know.,We want to
and he responsive to yoar interests.
Journal Opinion, Box 378, Bradford, Vt.
Page 4-The Journal Opinion-June 10, 1981
II I .ii i ii i iiii ii IIII I III
NORTHEAST PUBLISHING COMPANY. Inc.
t
Publisher of
Robert F. Huminsld
President & Publisher
Bradford / . Woodsville
802-222-5281 " .
2 603-747-20 ! 6
An Independent Newspaper
I EditOrial
Highway robbery
The Vermont legislature, in the face
of the state's troubled economy,
appears determined to chase away
even more business or at least make it
as expensive as possible to do
business here.
First it was shutting down virtually
all the supermarkets in the state on
Sundays on threat of arrest of store
managers under the revised "Blue
Law."
Now it's substantially increased
taxes on out-of-state trucks which has
stirred outraged cries of "highway
robbery" and "border war" from
other states.
On June 15, truckers from other
states, including neighboring New
Hampshire, will have to pay $15 every
time they cross the border into
Vermont, plus a $40 highway use
permit. The legislature doubled the
Vermonters for goods delivered here
from out of state.
No doubt truckers will avoid Ver-
mont altogether when possible, killing
the considerable business they do in
fuel and other purchases in Vermont.
New Hampshire, in apparent
retaliation, has announced it will
impose identical $40 highway permit
fees and $15 border-crossing fees on
Vermont trucks starting next month,
meaning higher costs for Vermont
businesses that sell their goods in
other states hnd deliver them by
truck.
"It's definitely going to hurt the
consumer because the trucking
operators are going to add the in-
creased cost of operation to their
freight rates," said one trucking firm
spokesman in Lebanon.
I Some do care/n the US.
Letters to the Editor J To the Editor: aggressive marketing Mr. Babb.
I wonder how many people techniques such as ad- world's
' noticed the moral statement vertising, distributing free the whole
use tax from the former $20, in-
:sed g fee from
$I0, and killed the reciprocal
exemptions that formerly applied to
trucks from 13 other states including
New Hampshire and Massachusetts.
Angry trucking firms say the fees,
apparently the highest in the nation,
will be passed along to consumers,
which will mean, in many cases, to
Racing fans have a right to know
To the Editor: rules and I never have been. I legal.
enjoy racing very rfiuch and
my car has never been found
illegal.
When I came to the track on
Friday night no one said a
word about the problem. The
only time it was questioned
again was when we were
about to start the engines for
the Feature Race. At that
time, Mr. Elms used a piece of
plywood pushed against the
rear tire and said it stuck out
too far.
I was told I could go to the
pits and put on another tire
and they would give me two
laps. I explained that the ear
is legal and I could prove it. I
also pointed out that the spare
tire that I carry has the same
offset and this change of tires
wouldn't prove anything. I
also said that if Mr. Elms
didn't approve I still had one
week left to fix the
problem--although I sure
don't know what I could do
different, because the car is
MONEY SENSE
Investing your money
If you have $10,000 or more in cash you are able to deposit
in a so-called "Money Market Certificate", then you are a
potential member of this country's growing roster of "Study
the Financial Page Club". With your $I0,000 or more, on the
date this column was written, you can command one of the
highest savings rates paid in the history of this country!
Without having your money tied up for a long period of time.
Without the risk of market fluctuations for the six months
your money is on deposit. Without the risk of loss, because
your money is insured by the FDIC (or some other agency)
up to $I00,000. You can even get a check each month for your
interest income.
While we're at it, let's not forget Money Market Mutual
Funds, Investor's Funds and a host of other funds that will
accept amounts as small as $I,000 for a minimum of I0 days
and a maximum of 89 days and pay you 15 per cent or more
on your money. (Incident]y, these "Funds" are NOT insured
savings.) Sound like Utopia? For a privilegedfew it can he.
Meanwhile, lost in the backwash of this gigantic struggle
for the big buck, are the millions of people whose eavings
seldom rise above a $1,000 dollars and if they do, are usually
ear-marked for some immediate need such as taxes or in-
surance.
What are the legislators and regulators doing for the "little
guy"? Very little. If you pick the right hank, you can receive
as much as 51/2 per cent on your savings account. As you can
see, there is quite a bit of difference between that rate and
the 15 per cent or so paid on Money Market accounts. Don't
bear down too hard on your local bank.
The real culprit responsible for this mess is a thing called
"Regulation Q". Under this regulation, savings ba are
forbidden to pay more than 5% per cent on regular savings
accounts and commercial hank are limited to 5V4 per cent.
Fortunately, "Regulation Q" is being phased out, offering
some hope for the small saver to realize a greater return on
his account. It does take time however to phase out a
regulation, especially one that will bring all hanks into more
intense competition for the savings dollar.
In the meantime, let's compare interest income between
(A) A person who can invest $10,000. in a money market
certificate and tB) a person with $10,000. in a regular savings
account as of June 1,1981:
(a) $10,000. at 15.925 per cent for 180 days equals $785.34
(B) $10,000. at 5.5 per cent for 180 days equals $271.08
The difference: $514.26
As you can see, this is a considerable amount of money.
Because hanks are receiving an increasing number of so-
called money market deposits their interest expense is in-
creasing proportionately. What are hanks doing to offset this
increase cost? Next week we'll take s look at some o( the
ways hanks can operate to p rot,,.t their earnings against the
'rising cost of money. After all, Ive never heard a bank being
called a charitable organization!
I am writing this letter
because I feel the racing fans
have a right to know what
happened to Car No. 98 at the
races last Friday night. We
were in first place in points
and the car has been working
really well all year. I was told
by the officials on May 29th
that my right nerf bar stuck
out too far. It has been this
way since the middle of the
last year of racing, but no one
ever questioned it before. The
reason it was out was because
a special built offset wheel
was ruined during a race last
year and ! didn't have another
wheel like it so I put on a
standard offset wheel,
The rule book says you have
2 weeks to fix a problem, but I
fixed the nerf bar in question
between the May 29th race
and Friday's race. I used a
straight edge to determine
that the nerf bar no longer
stuck out by the tire, I am not
interested in breaking the
Vermont's greatness
To the Editor:
Vermonters love to glorify
their state but we wonder how
many really make its beauties
an important part of their
lives.
It would take a book to cover
the subject of Vermont's
greatness, and this has been
done in the past by many
talented writers and artists.
We would simply like to point
out some aspects of our
pleasures in the state which
many people are missing. And
you don't have to retire to
have the fun we as.
We soon discovered on
arriving here in the fail of
1971, that the winter was a
beautiful and thrilling time of
year. This just happened,
unplanned. We were not
skiers: we happen to like
activity and the outdoors. We
now ski almost daily during
the course of the five winter
months and cover several
hundred miles in this area
alone Breath-taking sights
greet us at every turn, but
very rarely do we meet any
other skiers, or even see any
ski tracks. It seems a pity.
The coming of spring is just
/Admittedly, Vermont is having as exciting as winter, but in
pi'oblems
,,diff..ce WY&-:O ..the
*" earhest chaes s tl iival
of different speczes of birds
whether this is the best way to do it. from those which been guests
And how do. state officials plan to at our feeders all winter. The
monitor the numerous trucks entering
the state from all points of the com-
pass? More State Policemen? That
sounds expensive, too, and the police
have enough to do already.
for
education
commissioner
red-wing blackbirds come
first. This year we were
honored by the arrival of a
male and fernale cardinal who
decided to stay after a
careful inspection of the
premises. So now we are
feeding the honeymooners
who shovld soon become
parents. A male cardinal had
stopped by briefly in past
years hut never persuaded a
To the Editor:
The Vermont Board of
Education is in the process of
searching for a new education
commissioner. Before we
begin to consider applicants,
we would like to hear froq
educators and the public about
the kinds of qualities that
Vermonters believe the new
commissioner should possess.
We have set aside the
second half of our June board
meeting to hear individually
from representatives of
professional asociatious and
individuals. We will also
receive letters of comment
and suggestions.
These wantin]g to meet with
the state board may arrange
an interview for June 16 in
Montpelier by calling Sally
Bouffard. Department of
Education, 828-3135, Those
who want to send letters may
write to: Allen Martin,
Chairman Vermont Board of
Education, Suite One, 100
Dorset Street, South
Burlington, Vermont 05401.
Allen Martin, Chairman
Vermont Board
of Education
I then confronted the
flagman who said Mr. Elms
told him to Black Flag me if I
started the race. I asked the
flagman to please look at the
bar in question, but he said it
wouldn't do any good, Mr.
Elms was the boss.
When I got to the pits I
checked the car again, in front
of 30 or 40 people and found it
legal, as I knew it was. I then
went to Robert Nutting
tassociate owner of the track)
and had him check it--be said
it was legal. I had Crawford
Emery, the pit steward, look
at it and he agreed it was OK. I
had both members of the
Driver Grevience Committee,
Pete Dunn and Jr. Coffin, look
at it and they both agreed it
was legal. Before the evening
was over many people had
looked at the problem and
agreed there was nothing
wrong. Mr. Elms, in my
opinion, stood alone in his
decision. As a result of this, I
was moved out of first place
and down the ladder again.
There were 20-25 Little
League ball players from
female to join him Also this Chelsea waiting to see me
year for the first time a race, as well as all the regular
mocking bird arrived and fans. I must say it was some
left again -- on May tO. Bird heart-breaking and era-
feeders can be an endless
source of interest and
amusement, but for the
greatest pleasure they should
be visible from some spot used
for rest and recreation, such
as the breakfast nook. During
the past ten years we have
recorded 82 different species
of birds seen from our kitchen
window
Our final note for this report
concerns spring wild flowers
which are for most part, small
and sparse and quickly past.
Of course, the more a person
knows about a subject the
more interesting j! becomes,
but at least one of us arrived in
Vermont knowing very few
spring wild flowers being a
city type and having vacations
in the summer. However. this
year in May alone we iden-
tified and recorded about 70
different kinds of wild flowers.
These observations were
made almost incidentally to
our life in the garden, with
only a few excursions to
neighboring woodlands. We
had a lot of fun.
We won't dk$cdssthe joys of
summer an [t, ince these
are well kn0v/n to one and all.
Even flatlanders.
Peg Watt
Jim Watt
Ely, Vt.
P.S.: Since this letter was
composed, bright-eyes in the
family spotted rand identified
later with bookl ten additional
flowers along the road by just
driving to town for a
newspaper. This was on May
31. You see: it's easy as well
as fun.
harassing to have to take a
legal car out of the race.
Now fans, I appeal to
you--How Does One Compete
This Way? You follow the
rules and still erid up sitting in
the pits. Could someone tell
me why they waited until the
feature race to bring the
problem up again. I stood
around the pits all evening
with nothing to do and no one
said anything. We have
always, in the past, been given
2 weeks to fix a problem. I was
given 2 laps. If a car has a
problem during the evening
and can't run, the track likes
to be given warning ahead of
time. I wasn't given any
warning at all! Tell me racing
fans, was this fair and proper?
I await your replays.
Frank Keene
Owner & Driver
of Car No. 98
Chelsea, Vt.
that two senior officials of the
Reagan Administration
recently made and the
sacrifice entailed in this
statement.
After "lengthy discussions"
AID Administrator M. Peter
McPherson said that Dr.
Stephen Joseph and Eugene
N. Babb, officials of the
Agency for International
Development intend to submit
their resignations after the
United States casts it's vote
against the International code
at the World Health Assembly
May 21st in Geneva.
McPherson said the
resignations will be accepted
immediately.
Joseph and Babb are
protesting the ad-
ministration's decision on the
infant formula code. The
United States is expected to be
the only government among
the 157 countries participating
in the World Health Assembly
to vote against the code.
Basically this code is
designed to diminish com-
mercial efforts to convince
women in the Third World and
underdeveloped nations to
switch from breast feeding
their babies to using formula.
Many of these countries have
contaminated water supplies
and poor sanitation. Mothers
simply cannot prepare a safe
clean formula under these
conditions.
Approximately 10 million
infants and young children
annually suffer from
sometimes fatal malnutrition
and other diseases associated
with inadequate breast
feeding and the use of milk
substitutes.
Many health and religious
groups in the United States
support this code, but "big
business" along with its ob-
vious financial clout appears
to he heard more clearly by
the current administration.
The "immoral culprits" are
three large formula
manufacturers and the
Grocery Manufacturers of
America."
Apparently the credit side of
the ledger is more important
than the lives of babies we
never see, or the respect of the
world.
The code seeks to forbid
Sportsmanship and team spirit
To the Editor : with good team spirit. The
This iS my first ever "Letter East Corinth Ma[or League
to the Editor". I have been coaches, Copeland and
sorely tempted may times but
never stirred up enough to
actually do it.
I have just returned from a
Little League Baseball game
between the Bradford Green
Hornets and the East Corinth
major league team. I always
thought the purpose of Little
League was to teach the
children 1) the game of
baseball 2) sportsmanship and
3) to work together as a team
Wentworth police chief resigns
To the Editor:
An open letter to the citizens of
the Town of Wentworth
It is with deep regret that I
must write this letter of
resignation as Chief of Police
of the Town of Wentworth,
New Hampshire. effective
June 9, 1981.
As you are all aware, the
present state of the economy,
and rapid rise of the rate of
inflation, have made it next to
impossible for individuals and
families to make ends meet.
Unfortunately, I am in the
same position.
The office of Chief of Police
in Wentworth is not a full-
time, full-paying job; and I
cannot, by any stretch of the
imagination, survive on a
part-time job.
I have accepted an ap-
pointment as a full-time police
officer on the Waterville
Valley Department of Public
Safety. Because of. the
distance which separates
these two communities, and
because I find that for the sake
of fuel economy, I must move
closer to my full-time em-
ployment, I feel that I can not
serve you effectively as your
Chief of Police.
I am certain that your
selectmen will appoint
someone who will serve you as
you deserve to be served until
Return to the cave dwelling era
associate, display the poorest
sportsmanship of any of the
coaches I've seen in four years
of Little League games. And,
the worst of it is, it shows in
their team's attitude, too.
I don't feel there is any room
in Little League for adult
coaches who rax 11-and 12-
year-old opposing pitchers
and players. Their job is to
teach their team hew to play a
good game, net how to walk
slowly to the plate to delay the
samples or sending nurses or isn't totally
"non nurses" dressed in white that some
into maternity wards and about our
villages in the Third World to in
promote baby formula. Jacc
I commend Dr. Joseph and
00Our
by
In 1976 the New England River Basins
pleted a three year study of the Connecticutl
a 292 page report entitled "The
unified program for flood plain
necticut River Basin" it outlined,
recommendations focused on quote
better job of getting along
the overall responsibility pretty
agencies.
Like all such efforts, its general
spotty. In many cases key strategies
pensive or politically, economically or
to be contemplated. In other cases some,
seemed too small in scale to he worth
preaching such issues, River's Reach did not
emphasis on the "cumulative impact"
and conditions and in effect did not identify!
suspected time bombs ticking in the
enough for another column and we'll look
time.
The New Hampshire Office of State
issued a "Basin Status Report" to the
Citizen's Advisory Group. It is a rather
date on just how this state has followed
recommendations found in River's
recommendations addressed every conc
riverine activity and condition the
types pages and the information it
remarkable, encouraging and disturbing, i
order.
In this situation it is difficult to avoid a
did you know" kind of approach but we'll
thing to a minimum.
Those of us who watch the PBS channels
classic "Is there a Water Crisis" last
been unfortunately reassured by hearing
has traditionally been a well watered
fortunate is the couple of dry years
are down, some wells have become
swings are downright unreliable and if (
quality is a mounting concern.
In the river itself water quality has
proving since 1972. Some may
ago we were told not to eat the fish and
drink might prove terminal. Things are
the
In the New Hampshire-Vermont section
from here on the term "river" will mean
the Canadian border to the
otherwise noted--there are 26
facilities with 24 more planned.
built since the Reagan administra
most water related projects and most of
rot.fit tbo budgets of the towns involved.
.... Ville: plantwill be finished and go
future. There is still some 309 miles of
that do not meet mandated quality
degradation is a mix of municipal
Water quality includes that of
we tend to think of streams
geology permits no such distinctions.
ground water, they feed streams and
separated. The N.H. Water Supply
commission has prepared draft
activity that could
Seventy two percent of
of the people generally rely on ground
use.
While the Rivers Reach made no
Psychiatrist Robert L.
Dupont says the nuclear
phobia is psychological. Let us
be truthful and not forget, the
Three Mile Island incident
was grossly blown out of
proportion by an ignorant
media and the opponents of
nuclear power. No one: I
repeat, not one person was
injured in the vicinity of 3 Mile
Island.
Dr. Arthur M. Bueche, last
year's winner of the American
Institute of Chemistry's gold
medal, sees a parallel bet-
ween today's nuclear phobia
(please turn to page 5)
To the Editor:
Re: Nuclear electric and the
ignorant and misguided op-
position to it.
I am not a nuclear physicist
but I have worked for almost
40 years in coal, oil, and
finally in nuclear electric
plants. As far as I am con-
cerned, the nuclear plant is
the cleanest, safest, most
efficient and the cheapest.
Dr. Edward Teller, noted
nuclear physicist has said,
"Nuclear power is the
cleanest, safest and cheapest
method of generating large
amounts of electricity.
your next election. In the for the support you have ex-
meantime, again, let me tended to me, not only at the
express my regret that I must polls on election day, but
leave. Perhaps, sometime in throughout each of the four
the future, it will he my years of our association.
pleasure to serve you again. Tom Smith,
I would also like to take this (Ex)-Chief of Police
opportunity to thank all of you Wentworth, N.H.
game, so they won't have to
play the last inning !
Probably they will say, I am
just mad because we lost. Not
so -- we have lost many this
year and last, but, ! have not
come away from a loss feeling
this way since last year when
we played East Corinth.
Gall R. Hathaway
Bradford
Vermont Secretary of State ..
• James H. Douglas ,..
A new era in rulemaking
On July 1, Vermont enters a new era in
rulemaking. On that day the new
Administrative Procedure Act (A.P.A.)
reform law takes effect, and agencies of
state government will experience fir-
stband the new climate for rulemaking in
Vermont.
At a time when Washington is feeling the
first effects of a concerted movement
toward deregulation, Vermont's unique
version of the A.P.A.--first adopted here
in 1968--is about to change course toward
greater accountability and legislative
oversight on rulemaking.
Rules properly adopted by the A.P.A.
process have the force and effect of law.
They are promulgated (a fancy word for
'put into effect') by state agencies and
reviewed by a legislative committee that
meets throughout the year for that purpose
alone. The committee is made up of
members of the Vermont Senate and
House of Representatives.
Before July 1, if the committee found
that a particular rule was arbitrary,
contrary to the intent of the Legislature or
beyond the authority granted the agency
by law, the committee could do one of two
things. It could recommend to the agency
that the rule be changed or repealed. Or, if
the agency refused, the committee could
attempt to have the rule repealed by a bill
or joint resolution of the General
Assembly.
The fundamental change in rulemaking
after July 1is the addition of a new remedy
for the committee, if it is disenchanted
with a particular rule. Now the committee,
, by majority vote of.the entire committee,
can file a written complaint with the rule
that will make defending the rule in court
more difficult for the agency.
This isn't quite as potent a sanction as a
"legislative veto," a concept currently
being discussed in some states that would
allow a committee to repeal a rule on its
own, without full legislative action. But the
formal complaint letter approach--unique
to Vermont among the states--will cer-
tainly have a chilling effect on too vigorous
rulemaking activity by state agencies.
In addition to these changes, the new
procedures will also give Vermont citizens
more access to the rulemaking process.
The new law provides for more extensive
publicizing of proposed rules, more time
and greater notice for public hearings and
new channels of communication between
citizens and state agencies. Agencies will
now be required by law to fully explain
new rules to people who ask about them.
The new rulemaking process even
requires agencies to write out and keep on
file any procedures of the agency that are
used by an agency in the discharge of its
powers that affect even one citizen not an
employee of the agency, if a single person
requests it.
The temper of the times condemns
excessive governmental interference in
our lives• Rules. historically, have been
the worst culprits, allowing government to
poke its finger in places even legislatures
have been careful not to invade.
Vermont's new approach to rulemaking
represents the first strong winds of change
in this area in recent years. The weather is
clearing, the burden of government is
slowly lifting, and Vermonters.ought to
appreciate just how c0mmitted Vermont /
State government really is in 1981 to these
ends.
mendations for hydro power in New
such installations in the basin. Lake
created to regulate the flow on the
hydro facility if a permit applied for
Resources Board and the N.E. Power
Several such applications have been
section -- the Bradford-Waits river dam is
Wells River another.
When it considered recreation, River':
Connecticut River National Recreation
involved a total of 56,000 acres
Charlestown to the Conn. Lakes. The
enthusiasm in either Vermont or
the towns within its borders.
but the gas has been disconnected.
However, a plan to designate a
tributary
better luck. The
plan and investigated those rivers and
standing wild, scenic and recreational
result is the "River Conservation Act"
session of the General Court.
for the protection and
In addition both Fish and Game and
acquisition of additional public access
River. We'll ee.
The "Reach" also looked at
mended that some 600 archeolc
aside.
Heritage Act" introduced into the 1981
followed by a
seek to preserve such identified sites.
dition to the archeological
environmental impact studies.
vation of a number of Flood control
Reservoir Sites. Since publication,
rethinking of this program and it
sites on the Sugar River in
Anadromous fish restoration, primarily
and Atlantic Shad, is an old idea
more, These fish, which breed
develop in salt were wiped out in
by dams on the lower river which cut
spawning grounds Ul
story on the salmon a few weeks hack.
River's Reach recommended
Falls, Vernon, Bellow's Falls and
series begun earlier down river.
Bellow's Falls is "in the works" and
later this decade. I visited Turner's
why they, fish ladders, run to
each. The mere size and obvious
enormous, and the power
New Hampshire, Vermont
compact to manage these fisheries.
Massachusetts are delaying that
agreement, without which the
success.
We've run outof
EDITOR'S NOTE-- The three authors'
like to hear from you. If you ha/e
Connecticut River issues you would
here, please let us know.,We want to
and he responsive to yoar interests.
Journal Opinion, Box 378, Bradford, Vt.
