Banner Graphic, Greencastle, Putnam County, 18 March 1974 — Page 1

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Rex Hane Vies For State House Seat

Rex Hane, employed by the IBM Corporation for thirteen years has announced his candidacy for the Democratic nomination for State Representative from Clay, Putnam, and part of Owen counties. Hane, 36, feels his broad background of experience and community involvement have equipped him with a keen awareness for the needs of the citizens of the area. After beginning his schooling at the old Third Ward, his

family relocated in the Brazil Community. He presently resides there, on Rural Route 1, with his wife, Judy, and their five children. After operating his own small farm for a number of years, he elected to resume his education and will complete requirements for the Master’s Degree in Economics from Indiana State University, later this year. His primary work experience has been in pricing, cost estimating, and cost reduction projects. Hane said he believes that the greatest service a State Representative can render is to constantly analyze our public financing systems and strive to reduce the tax burden. He said that for far too many years the members of the legal establishment have dominated the affairs of state, often to serve their own interests, and should no longer be the only voices heard in our state capital. Hane is an experienced campaigner, it was noted, and has been a delegate to the state conventions in 1970 and 1972. In the way of com-

munity service, he is a member of the Advisory Board to the Clay Community School Board, was a volunteer worker for the American Cancer Society, Heart Fund, and YMCA fund drives.

Past and present affiliations include the Masons, Elks, Indiana Army National Guard, Jaycees (Past president), Theta Chi Fraternity, Y.M.C.A., and Omicron Delta Epsilon (National

honorary in Economics). At the present time he serves as an elder and youth Bible school teacher in the First Christian Church at Brazil. If nominated and elected

Rex Hane has pledged that he will travel throughout the district for the purpose of keeping the voters informed of state affairs as well as keeping the state aware of the desires of the people, it was reported.

Myers Opposes Any Extension Of Wage, Price Control Authority

Seventh District Congressman John Myers said today he opposes any extension of authority for wage and price controls and announced he has cosponsored a resolution declaring that the Economic Stabilization Act should be allowed to die on April 30. “I voted against wage and price controls when the Democrat-controlled Congress forced them on the President back in 1970. The Democrat leadership continues to argue for continuation of the controls beyond the expiration date of the present legislation. I, for one, will take no part in prolonging a system of controls which has failed so miserably in the Fight against inflation,” Rep. Myers said.

It Waves

Greencostle, Indiana, Monday, March 18,1974

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Noting that the President has not asked for any standby control authority after April 30 except in the health and petroleum industries. Congressman Myers said he believes we must make a clean and absolute break with all controls. “I do not believe we can do this in stages. Any Five-year-old who knows he can no longer buy a package of gum for a nickel realizes wage and price controls have not worked and will not work. It is time we kill this authority and that is how I intend to vote when it comes before the Congress,” Myers said. “Our nation’s economy and the American people are troubled enough with inflation, the energy shortages and the continued interference of the Federal Government in our daily lives. It will give me great pleasure to consign the Cost of Living Council to history as the failure it is, and to trust our destinies to the natural economic forces of a free market in accordance with our American tradition,” Rep. Myers said.

The Christmas tree adorning the top of the structural steel frame of the new DePauw University Fine Arts Center still stands with construction workers saying there are no plans to take it down. (Banner-Graphic Photo)

j) Former Greencastle High School Principal, William Bishop, Dies

R.W. Hutton

J.R. Kringel

J.E. Stewart

Lone Star Shows Revenue Increase Of 140 Percent

Lone Star Industries, Inc. today released its 1973 Annual Report, which showed a revenue increase over the 1969-1973 period of 140 per cent to a record total of S686 million. Net income per share of common stock during the same period rose 49 per cent from SI.73 to S2.57. Since 1969 Lone Star has extended its business beyond the company’s traditional cement, concrete and aggregates operations to include National Building Centers, a network of 227 contractor and retail building supply facilities located primarily in Florida, the Southwest, Southern California and Minnesota. The company also launched a Diversified Industries Group to explore and develop new sources of earnings, principally in natural gas, mineral resources and land development. “In 1969 virtually all of our revenue was derived from the sale of cement and

related materials,” wrote president and chief executive officer John R. Kringel in his letter to shareholders. “Last year, in contrast, our rapidly developing National Building Centers Group accounted for 46 per cent of sales while the Cement & Construction Materials Group with its own growth contributed 50 per cent.” The C & CM Group increased its revenues from $250.2 million in 1969 to $338.6 million in 1973. In the same period the revenues of National Building Centers rose from $22.1 million to $313.6 million. Through its Diversified Industries Group, the company is investigating several promising areas. One is the commercialization of the Snyder Process for shattering mineral ores into their component particles. Another is the natural gas development program, instituted in 1973, which

saw 25 successful wells com pleted out of 28 attempts, providing the company with some 25 billion cubic feet of natural gas reseves. A new feature for Lone Star in its Annual Report this year is a question and answer section, giving Kringel’s responses to questions he has been asked in his meetings with security analysts and portfolio managers throughout the United States. The repon reveals that Lone Star reduced the rate of fuelconsumption at its ce ment plants last year for the second year in a row, while increasing production. The energy savings were put at 815 billion BTU’s. The company also stated that the environmental improvement program for its cement plant kiln stacks was nearing completion after the expenditure of some $36 million.

William Bishop, 84, former Greencastle High School educator, who had been residing in Laguna Hills, Calif., died Sunday morning in a hospital at Newport Beach, Calif. Mr. Bishop was principal and teacher in the Greencastle High School from 1929 to 1957. He and Mrs. Bishop resided in Greencastle for 36 years before moving to California in 1965. The deceased was born in Shelby County on April 5. 1889, the son of Lewis and Christina Stewart Bishop. Mr. Bishop was a lifelong member of the Methodist Church and a 50-year member of Masonic Temple Lodge No. M and Scottish Rite. He was also a member of the Laguna Hills Masonic Club, the Indiana Schoolmen’s Club, and Phi Delta Kappa, graduate honorary fraternity. He was also elected to Who’s Who in American Education. Jaycees May Try Honey Sunday Again Honey Sunday was not very successful this year, according to a report from Greencastle Jaycee president Dave Young. The Jaycees throughout Indiana sold honey in their annual drive to raise funds for research on mental retardation. “We went door-to-door and also sold honey in front of a local store, but not too many of our members showed up to sell, so we couldn’t cover much territory. We hope to be selling the honey again this weekend to raise more funds,” Young said. -

Survivors include his wife, John M. Bishop of Berkley, father in death in 1935. Verna; a son, Dr. John W. Calif., William S. Bishop and Services will be held WedBishop and wife Frances wife Deana Gibbs Bishop of nesday at 11 a.m. at the RecMathes Bishop of Rollings San Diego, Calif. tor Funeral Home in charge Hills, Calif.; two grandsons, A son, James preceded his of Rev. Barton Fletcher and

with burial in Forest Hill Cemetery. Friends may call at the funeral home after 7 p.m. Tuesday.

“C’mon let’s boogie” was the call Friday night as junior and senior high students got in on the action during the dance sponsored by the Optimist Club at the fairgrounds. Local rock group

Quothe played.

(Banner-Graphic Photo)

Fuel Shortage Doesn’t Stand In Way Of Fun-Seeking Students On Break

Despite the fact that the weather was not very warm today, all area students--grades kindergarten through seniors in college-began their spring break. The fuel shortage is not standing in the way of the high school and college sunworshippers. Many students even managed to get away from it all a little ahead of schedule in order to select the best spots in the sand, in the southern part of our country. Other students are visiting friends and family or finding other ways to keep classes, books and education in general completely out of their thoughts. Some Greencastle high school students even planned to do some Fishing today, ignoring the fact that temperatures were only in the 30’s early in the day. There will also be many shopping trips this week for

the girls to see what fashions are in for spring this year. And this is a good time to catch a lot of those new movies they’ve been wanting to see. For others who are not so ambitious in their week off from classes, this week may prove to be a chance to sleep in late and sit around or maybe do a little work on their hobbies or crafts. Many babysitters will probably get a chance to rest this week, too, as mothers ask the older children to watch their little brothers and sisters in

order to save some money, which has lost its elasticity for most people these days. The 70 degree temperatures of a couple of weeks ago probably fooled students into making some plans for spring break which won’t be carried out in this cooler weather which has returned. The kiteflying, bicycling and picnick-

ing will have to wait until later unless the youth of today are very determined to ignore the cold. Whatever their plans may be, this is their week to do their own thing. Next week they will return to their classes with only weekends to recuperate until summer vacation.

TODAY’S WEATHER

Mostly cloudy today and tonight. Little temperature change. Highs today and Tuesday in the mid to upper 40s. Lows tonight 31 to 36. Probability of precipitation is 80 per cent today and 50 per cent tonight.