Interview with Sonny Qurik

Accession No.: 
BE4-008-1

00:30 - Family and biographical information - Went to LSU, was in the Marine Corps;
02:30 - Discussion about how the oil industry affected the banks;
04:45 - Lack of education and sudden income lead people to "run" through their new-found wealth; They overspent on new property and equipment;
07:00 - Some farmers received federal money to stay and farm their own land
08:30 - Oil drilling started dropping in 1983 around Washington, LA;
11:00 - Lafayette banking grew during the oil growth, larger banks began to acquire banks when oil drilling slowed down.
16:15 - Fewer oil leases but more farming around Washington
17:45 - Did smaller banks see the decline in the oil business coming?
19:00 - Short term fixed loans were most used to accommodate the oil industry
22:00 - Mr. Quirk's bank saw some profit FHA loans
23:15 - Deregulation on interest rates hurt the local farmers;

Media Type: 
Audio
Collection: 
Beard, Jack
Subject: 
Banking; Oil Industry
Creator: 
Jack Beard
Recording date: 
Tuesday, July 30, 1985
Coverage Spatial: 
Washington, LA
Publisher: 
Center for Louisiana Studies
Rights Usage: 
All rights reserved
Language: 
English
Meta Information
Duration: 
28:04
Cataloged Date: 
Thursday, December 8, 2022
Digitized Date: 
Thursday, September 22, 2011
Original Format: 
Cassette - 60
Digital Format: 
WAV
Bit Depth: 
24 bit
Sampling Rate: 
96 kHz
Storage Location: 
Archives of Cajun and Creole Folklore - Drawer 10 Row 4