No headline

From the archives of the

Bonner County History Museum

611 S. Ella Ave., Sandpoint, ID. 83864

208-263-2344

50 Years Ago

Sandpoint News-Bulletin

Oct. 6, 1966 — BANK MANAGERS MEET

Howard Faux was among managers of The Idaho First National Bank’s 47 offices who recently attended an all-day business meeting in Boise.

William E. Irvin, bank president, discussed current money issues. Some pertinent points stressed by Irvin were: “Throughout the last six years our economy has had a continuing growth, and from all indicators is still roaring along at a record pace. Business people for the most part hold an optimistic outlook for the next year and a half; but investors tell us otherwise – we have rising business and a rapidly falling stock market.

“On the optimistic side we have: Practically full employment, continued capital spending plus increased defense spending, money is extremely tight but the extraordinary demand for funds in spite of the highest rates of 40 years testify to the underlying strength of our domestic economy; and, with a solution to Vietnam, optimists look for tax reduction, implementation of new projects, and the revival of curtailed government programs.

“On the pessimistic side we have a 20 percent decrease in stock values, likelihood of inflation, anticipated continued spending on defense, doing too much too fast both domestically and internationally has caused a lack of funds and of liquidity, the high rate of inventory growth and the growing downturn in housing starts.

100 Years Ago

Northern Idaho News

Oct. 6, 1916 — NEED OF A NEW BUILDING

By a high school pupil: “A new school building is needed in Sandpoint school district No. 1, and the high school should get it. The Farmin school has equipment for a grade school, but not a high school. The present crowded condition has become so serious that something must be done.

“Three years ago the grades occupied all the first floor and two rooms on the second. Last year the seventh and eighth grades moved to the first floor, and the high school was given the entire second floor. This year, the high school has all the rooms on the second floor and also one on the first floor. The high school will gradually crowd the grades from the building. But this should not be allowed, as the grades have as much right in the building as we have, if not more.

“The Farmin school building is not properly equipped for a high school. The manual training and agriculture classes must walk to the Humbird school on the very edge of town (Boyer & Spruce). In winter it is very hard to walk fast in the deep snow and slush and to make the other classes on time.

“An up-to-date high school needs a reading room and library, auditorium and chemical laboratory. The gymnasium is not nearly large enough, and many things could be made more convenient. Our school can boast of such a good course to the student therefore we should have a good school building in which to give this course.”

For more information, visit the museum online at www.bonnercountyhistory.org.