Decatur Daily Democrat, Volume 53, Number 164, Decatur, Adams County, 14 July 1955 — Page 9

Loans Al New High On Farm Operating High Loan Record Reported By Bank The federal intermediate credit bank of Louisville closed its fiscal year on June 30 with the highest amount of farm operating loans in force in all its 32-year history. On June 30, the bank was providing farmers of Ohio, Indiana, Kentucky and Tennessee with more than $100,000,000 in credit for crops, livestock, feed, fertiliser, machinery and other farm operating costs. This is the first time its outstanding loans and discounts have passed the $100,000,000 mark according to J. B. E. LaPlante, president. Although the bank does not make loans direct to farmers, it provides them with credit by purchasing farmers’ notes from production credit associations and other financing ■ institutions that do deal direct with farmers. Some additional cash will continue to be needed by farmers in areas affected by the droughts of 1952, ’53 and ’54. LaPlante explained. Even so, be, ascribes . the bapk’A'ffiefease in business to the fact that during the year 2.000 more farm families were served. Modern farming calls for making credit arrangements at the beginning of the year when farmers plan their crop and livestock operations. As a result, fewer farmers are resorting to spur-of-the-mom-ent use of open accounts for their credit needs and more are depending on established, specialized credit institutions. Lower prices for many farm commodities have caused farmers to turn to modern mechanical equipment and .larger units for greater operating efficiency, Although not yet a factor in the bank’s increase in business, a new type of loan with maturities up to three years has recently been offered, LaPlante said. Farmers use this new type loan with its longer repayment period for such large capital outlays as improving their farms, establishing soil conservation practices, buying heavy machinery and installing bulk tank milk coolers.

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DECATUR DAILY DEMOCRAT

TWO NEW BUILDINGS NEAR COMPLETION IN DECATUR ’ ■f,';'".-'. •’ ■<". 7’7- ''' ' : ' , ' ' ' . ■ L - •'*" 1 ■ - ' .■'•***''■-* /'7 ‘ ~ > 4 •. . , — • • •• • err.mm MKi Pictured above are new Northwest elementary school, newest add*^ on t 0 the Decatur public school system, and the new modern super-marlset to be occupied by Standard Grocery Co., in Decatur. ... . . . , The school building, now under construction by Yost Construction Co., will be finished this fall. It will house pupils up to the sixth grade who reside in the north and west parts of Decatur. Hubert Ze r hel, Jr., is principal of the new school and his staff will be announced later. . . The super-market grocery building, located on North Second st will be completed early this fall, it is understood. It is being built by Curry Construction Co., and will house a Standard grocery, subsidiary of National Tea Co. Adjacent to the grocery is a half block of parking area for custo mers - The new building is located directly across from the Elks home. ’ More than 25 new homes also are under construction in Decatur and will b,e occupied this fall and’ winter by their owners. I holographs of several homes under construction will appear in an early issue of the Daily Democrat. - - —

4-H Premium Book For Fair Released From Indiana Fair The Indiana state fair board has released the 4-H club premium book for the Indiana state fair of 1955, August 31 through September 9. The total amount of premiums for this year is S3B,OTA, which gives the boys and girls of Indiana a chance to earn some money and honors from their 4-H club projects. The 4-H club booklet has an attractive cover depicting five of the phases of 4-H work, with the grand champions from these divisions shown in the shape of the 4-H emblem, the four leaf clover, Indiana’s boys and girls have three beautiful buildings right on the fairground where they live

during fair week. “They attend classes and meetings, enjoy the fair and learn new farm and home making practices. Many 4-H projects are exhibited in the center building, where thousands of people inspect the displays every day. Each day different 4-H divisions are judged. Monday, August 29. two days before the fair begins, the clothing and crafts, food preservation and home improvement projects arrive to be judged. When the fair starts Wednesday. August 31, the major portion of 4-H judging begins and continues through—the? entire fair. 4-H entry closing date is August 15 and official blanks for entering 4-H projects may be obtained by contacting the county agriculture agen.t Detroit — Early records show that the price of gasoline before 1900 was often less than one cent per gallon in the U.S.

Decatur, Indiana, Thursday, July 14, 1955.

President Reports On Surplus Sales Over Billion Sold, Bartered Or Given WASHINGTON (INSI - President Eisenhower has told congress that as of June 30 the government had sold, bartered and given away a billion ,100 million dollars worth of farm surpluses under special legislation passed last year. This total sum, however, represents the actual amount the commodity credit corporation had invested in the commodities and for the most part substantial losses have been taken on them. For example, 21 contracts with 17 countries call for the sale of surpluses which cost CCC nearly $469 million. The foreign governments have agreed to pay for these in their own currencies to the tune of less than $361 million.

Moreover, nearly half of the latter amount is being loaned back to lhe purchasing countries to be used for trade and economic development purposes. A ceiling of one billion dollars originally was placed on the program and it was intended to Operate over a three-year period. After less than a year, however, the senate agriculture committee voted to raise the maximum amount by gne half billion dollars and congress? is. expected to approve.”" ;' The record to date, as far as market value is concerned, leans heavily to disposals of cotton and wheat—the two most burdensome surpluses. The President told congress that of the approximately $361 million worth of commodities sold or committed for sale at market value, cotton accounts for more than 124 millions and wheat for 93 millions. It was also disclosed that the government has arranged to barter 281 million dollars worth of

Disabled Provision In Social Security Disability May Not Cut Down Benefits "Workers and self • employed men and women under 65 who have been totally disabled for at least six months and who have ■ worked in jobs covered by social security for a substantial time may benefit from an entirely new provision in the social security act,” Christian H. W. Luecke, manager of the Fort Wayne social security district office at 717 Fulton street, said today. This amendment applies equally to those who are now disabled and tojthose who become disabled in the future. Similarly, some retired workers who are now receiving monthly Social security checks may be favorably affected if they are still disabled as the result of a disability which began beforethey reached 65. Luecke eplained that beginning January 1, 1955, applications for a “determination of disability” may lie accepted by the social security administration through local social security district offices. “This does not mean that cash payments based on disability are now possible under the social sea —4 surpluses, mostly for strategic materials to be added to the national stockpile. Such deals have been made with 23 friendly countries all the way from Austria to Korea and Peru. There was no mention in the report of what commodities this country has received in these exchanges. As it was originally written, the law required that at least half of the commodities sept overseas under the program should move in American owned vessels. It now seems likely that this session of congress will remove that provision.’ In a letter transmitting the report, Mr. Eisenhower said the 10 months of experience in administering the law is being used as the basis for a study of the whole problem of disposing of farm surpluses. ,

curlty program,” Luecke cautioned. "It does mean, however, for the first time, that periods of prolonged disability will not count against some wage earners or selfemployed persons In figuring the amount of their average monthly wage-on which old-age and survivors insurance payments are based.” Luecke explained that under the social security law in effect before the 1954 amendments the average monthly wage Bad to be figured from a specified starting date until the worker became 65 or died. Those who could not work over a long period of time because they were disabled had their average earnings reduced by thdse periods of no earnings or of low earrings. In addition, the months of disability also had to be counted in figuring whether or not the individual bad worked sufficiently long in jobs covered by the social security law to be eligible for any old-age or survivors insurance benefit. "Under the new law, average earnings and eligibility requirements will' hot he affected by the period of disability,” Luecke said. “In effect, this means that the amount of the social security benefit at death or at 65 would not be impaired by inability to workduring lengthy disability periods.” Qualification for use of the “disability freeze” depends on these factors: 1. The worker must have been employed or self employed for a substantial period of time in occupations covered by the social security law before onset of his disability. A "substantial period of time" means 5 years of coverage out of the 10 years before the disability. of which tmie 1% years of coverage must have been in the 3 yeqrs prior to disability. 2. The worker must be totally disabled by a medically-determin-able illness, injury, or other physical or mental impairment which can be epected to be of long-con-tinued and indefinite duration. This condition must have existed for at least six months, and he must still be disabled at the time of filing application for a determination of disability. “Any worker under 65 who believes he qualified under these conditions should get in touch with his nearest social security office to file an application for a determination of disability,” Lueeke advised. “If he is found to qualify under the law, his earnings record will be “frozen” by the social security administration generally back to the date his disability began if his application is filed before July 1, 1957. By the same token, a retired worker or self-employed person who is getting social security checks now and who is still disabled as the outgrowth of’a condition which began at least 6 months before age 65 should discuss his case with the social security office. A recalculation of his benefits may be possible beginning with the payments due for the month of July, 1955," Luecke said. Detroit — More than 2.000 different kinds of automobiles were marketed in the U.S. before 1912, of which only a few survive today.

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SECTION TWO

Women Visitors To France Are Envoys Frenchmen Judge U.S. By Visitors PARIS (INS) — American women who come to France should consider themselves as unofficial envoys of their country and should act accordingly. i. This is the opinion of Madame< Henri Bonnet, popular .wife of the recently retired French ambassador to the U.S. Addressing the American Service Wives’ Club in France, Mme. Bonnet told the club members: “I would like you to love my country as I love yours." Speaking of her own experiences, when she first went to the United States she said that in America, before being “Madame Bonnet,” she first was considered as “the French woman” and as such was judged asarenectlon of her country. “Similarly, the French you meet will judge America by you,” she said. “Therefore, as a foreigner, show your best -side." She pointed out that many habits are different. French women have for instance, no time for clubs. Lunch is the math meal of the day for which husbands come home and French wives want to be there to cook for their mates. “Try to forget for the time being the habits of your own country,” she said, “just as a French woman in America should adapt herself to eating in a drugstore and buying ready-made clothes. “I know,” Madame Bonnet told the American Army wives, “that you would like to mix with French people. But don’t forget we have a certain amount of formality— even best friends call each other •Madame X.’ after many years of friendship. We also like to fuss a lot when we have people in. Try to understand all this.” In Mme. Bonnet’s opinion, the French will reciprocate, if Americans are gentleand understanding. Dealing with the usual complaint of Americans in France — the question of high prices — the wife of the former ambassador said: “Don’t try to get more for the money here than you would at home. If you go to a big hotel here, compare It with the equivalent in your country and not with that in a small town.” Slje also emphasized that women are inclined to compare prices of rehdy-made clothes back home with those of the Haute Couture such as Dior. “When I first visited the United States, I had honest to goodness American food for a week ... I didn’t like it,” she commented. “Now I love it . . ” Madame Bonnet said that since her return to France from the United States, she does her best to be an “unofficial ambassador of America to France,” telling people here about all the good things she loved Jn the United States. “When you go back home,” she told her American listeners, "try to be an unofficial ambassador of France to your own people."