Decatur Daily Democrat, Volume 59, Number 144, Decatur, Adams County, 20 June 1961 — Page 4

PAGE FOUR

Co-ops V/* ?■ » ' ' I rCooperatives have been under continuous fire from investor-owned businesses in recent days, and most of - the din raised indicates the general public has little understanding of what is meant by “cooperative” or “co-op”. First of all, co-ops were legalized and authorized “to provide services that investor corporations refused or were incapable of performing. ** Secondly, co-ops are owned, not by the government, as is often inferred, by the patrons of the co-op. The capital for the enterprise is loaned, and repaid from the income of the co-op. Any surplus, instead of being distributed to stockholders, is distributed as a refund to the purchasers. Thus A company is a privately-owned electric company. B company is a co-op electric company. In the case of A, stockholders risk capital to get the business started. By good management, a profit is made, and this is partly distributed to the stockholders as profit. This profit is taxed by the federal corporation tax, and any profit over $25,000 is taxed at 52 But in corporation B, there is-no risk capital. The original money is borrowed, often from the government. This is paid back from good management. After the original loan and interest is repaid, the business operates without making any profit anything left at the end of the business year is returned to those who paid it in. Thus, if you paid SIOO a year for electricity, and 2% of the gross remained at the end of the year, you would receive 2% or $2. Another well known co-operative is the agricultural cooperative. These were formed to provide bankrupt farmers with inexpensive, but high-quality, farm goods. They operate also without a profit — but often return certificates in lieu of cash. These certificates may be redeemed in the future, or at death. They are often traded at less than par value, and then held by the speculator until they are paid off. Co-ops pay every tax that investor-owned businesses pay, except Federal income tax. They pay the state gross income tax, which is really a transaction tax, rather than a tax on income. But since they make no real income, they pay no Federal corporation income tax. Thus, the main difference between a cooperative and an investor corporation is that the former is owned by its patrons in proportion to their use of its services. The latter is owned by its investors in proportion to the amount of risk capital invested. The former get rebates if they overpay; the latter make a profit if any money is left at the end of the business year. Since a corporation is a legal person, it must pay income tax, but gets the preferential 52% maximum rate, rather than the 90% individuals have to pay. Some people argue that corporate stockholders pay double taxes, since the corporation is taxed, and then they are taxed on what they receive from the corporation. But they forget the special privilege that the corporation enjoys as a legal person — perpetual life, ability to sue and be sued, - to own property, etc., and they forget that this privilege exists only so long as the government _ which protects this privilege exists. Editorial Writer Today John G. Heller

TV PROGRAMS Daylight Tima

WANE-TV Channel 15 Tuesday Evening 6:oo—Life of Riley 6:3o—Tom Calenberg—News 6:4s—Doug Edward!—-New* 7:oo—Track down 7:3o—Sea Hunt B:oo—Father Knows Best f B:Bo—Dobie Gillis 9:oo—Tom Ewell 9:3o—Red Skelton 10:00—Gary Moore Show 11:00—Phil Wilson—News 11:15—Man in Halt Moon Street WEDNESDAY Day '6l 8:00—CBS News 8:16 —Captain Kangaroo 9:oo—Coffee Cup Theatre 10:15—Debbie Drake 10:30—Video Village 11:00—Double Exposure 11:30—Your Surprise Package Afternoon 18:00—Dove Os Else 12:80 —Search For Tomorrow . 18:45—Guiding Eight I:oo—Ann Colons 1:85 —News I:3o—As The World Turns B:oo—Face the Facts 8:30 —Houseparty 8:00 —Millionaire B:Bo—Verdict Is Yours 6:oo—Brighter Day 4:ls—Secret Storm 4:Bo—Edge Os Night s:oo—Dance Date of Riley 8:80—Tom Calenberg—News 6:4s—Doug Edwards—News 7:00 —Lock Up 7:3o—Malibu Run »:30 —Danger Man 9:oo—Angel 9:3o—l’ve, Got A Secret 10:00 —Circle Theater 11:00—Phil W ilson —News 11:15—Reaching for the Sun ; WKJO-TV Channel 33 _ TUESDAY 6*:io—Gatesway To Sports B:ls—Jack Gray-News B:Bs—Weather 6:3o—Pete Smith Show B:4s—Huntley-Brinkley Report 7;oo—Jim Backus Show B:il>—klfired* Hitchcock Presents 9:oo—Thriller 10:00—JFK Report 11:00— News and Weather WEDNESDAY ISfe® WJ. 10:00—TV Guide Awards ’ 18:80 —Play Your Hunch " 3:00 n The Price as Right 11:80—Concentration

Afternoon 13:00—News 18:10—Weather 18:15—Farms and Farming 12:30—1t Could Be You 12:55—N8C News Day Report I:oo—Truth Or Consequences 1:30 The Burna and Allen Show B:oo—Jan Murray ! :30 —L° r «tti Young Theatre B:oo—Young *>r. Malone B:3>—From These Roots 4:oo—Make Room for Daddy 4:3o—Here's Hollywood ■ 5:00—Bozo Show r Evening 6:oo—Gatesway To Sports 6:l6—Jack Gray-News 6:B6—Weather 6:3o—Pete Smith Show 6:4s—Huntley-Brinkley Report 7:oo—Tombstone Territory 7:3o—Wagon Train B:3o—The Price is Right 9:oo—Kraft Mystery Treater 10:00—It Could Be You 10:3,0 —Burns and Allen 11:00—News and Weather 11:15—Sports Today 11:80—Jack Paar Show * WPTA-TV Channel 21 TUESDAY Evening 6:oo—Popeye and Rascals Show 6:3o—Yogi Bear 7:oo—Popeye an J Rascals Show 7:lo—Clutch Cargo 7:l6—News 7:3o—Bugs Bunny B:oo—Rifleman B:3o—Wyatt Earp 9:oo—Stagecoach West 10:00—Alcoa Presents 10:30—Big Time Wrestling From 21 WEDNESDAY Morning 9:59 - Quick Money 11:00—Gale Storm 11:80—Love That Bob Afternoon 12:00—Camouflage I:2S—ABC News 12:30—Number, Please 1:00 -About Faces 1:30 Moment ot Decision -n 2:oo—Day In Court 2:3o—Seven Keys 3:oo—Queen For A Day 8:80—Who Do You Trust —- 4:oo—American Bandstand s:oo—Man Who Lived Twice s:3o—Lone Ranger Evening 6:oo—Popeye and Rascals Show 7:lo—Clutch Cargo 7:ls—News 7:3o—Hong Kong B:2o—Adventures of the Nelson ■ Family 9:oo—Hawaiian Eye 10:00—Naked City 11:00—The Cat People MOVIES ‘The Big Show” Mon. at 0:40 Commedy Hour at 8:40. "Warrior Empress” Tues. Wed Thur a 8:50 "Most Dangerous Man Alive" 10:30.

Chicago Livestock CHICAGO (UPD—Livestock: Hogs 6,000; 25-50 higher; No 1-2 190-220 lb 17.85-18 00; 55 head at 18.00; mixed No 1-2-3 190-230 lb 17.25- No 2-3 200-240 lb 17.0017.25; 240-260 lb 16.50-17.00; 260-280 lb 16.25-16.75; 280300 lb 16.0016.25; No 3 300325 lb 15.50-16.00 Cattle 2,500, calves 25; slaughter steers and heifers steady to strong; loadlots choice and mixed choice and prime 900-1400 lb steers 21.00-23.00; good and mixed good and choice 900-1300 lb 20.00-22.00; choice heifers 21.50-22.25; good 20.00-21.50; few good and choice vealers 23.00-27.00. Sheep 1,000; slaughter lambs and sheep about steady; several lots choice and prime, mostly choice, native spring lambs 19 50; bulk good and choice 18.00-19.00; double deck 89 lb shorn fed springers No 2 pelts choice with prime end 18.50. Indianapolis Livestock INDIANAPOLIS (UPD — Livestock: Hogs 4,700; fully 25 higher; spots 50 up; 190-220 lb 17.50-18.00; 180-240 lb 16.85-17.75/ 240-270 lb 16.25- 270-300 lb 16.00-16.50; 140-170 lb 15.00-16.75; sows 25 higher; 300-400 lb 13.75-15.00; 460 lb 13.00-14.00. Cattle 1,850; calves 100; hardly enough steers and heifers early to establish trend; few yearlings about steady; choice steers 22.00; few good 21.50; good heifers 20.0021.00; good and choice 21.50; cows steady; cutter and utility 14.5016.00; few commercial 14.50-15.50; bulls steady; utility and commercial 18.00-21.00; vealers steady; choice 27.00-27.50; individual prime 28.00; good and choice 24.50-27.00. Sheep 500; steady; choice and mixed choice and prime spring lambs 17.50-18.50; good and mixed good and choice 15.00-17.00.

US. POPULATION ' BY GROUPS S’ WTT OS jOL, Nwndtt p, THE GROUP PLAN—Divided according to activities, the U.S. population for 1960 is Shown above. The largest segment, 3 per cent, was employed, while the smallest, 2 per cent each, were unemployed and in the armed forces. The “other” category includes such groups as aged persons living with families and people in institutions, • /»■ REX UA7J/ CLOCK Steady bell alarm. Smartly designed case and bold, easy-to-read numerals on the face. REG. $2.98 199 SMITH - DRUG CO.

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O —— f ZO/Gan/go Today o June 20, 1941 — The Adams county Red Cross chapter has received a letter of thanks from the women’s voluntary services for civil defense in London for a shipment of bundles from the civilian relief in Groat Britain. Hog prices at Chicago were 810.50, a four-year top price. Sheriff Ed Miller has in his possession two yearling heifers, apparently stolen, which were found roaming in Union township. Members of the sheriff’s department and police department will assist in conducting an auto safety testing lane Saturday and Monday. Walter Moss, state director of physical activities in the WPA recreation program, will speak to the Decatur Lions club next week. 9 -"■«> Modern Etiquette By Babette Lee »■!■■■ ■■■■■ .■ ■ ! ■ ■■■ ■■■ Q Q At my father’s funeral recently, I was criticized for wearing lipstick and rouge. Was I wrong? A. Today, when such makeup is almost universally used, a woman would seem not entirely

■ , — > . 9 n • '• L "-■■■■-' ■ -- - ’QUALITY! I’■ ■ . . ’ i ■ T • '•»» SERVICE! SAVINGS! • . . * , K *f _ s» ■ ... - . !'■ ... -■ IN FACT FOR ALL OF YOUR NEEDS '-• • ’ ? ’ *' '• ' . ""4 ~ “tl" - - — —" — * ** - - —-T- — - v . o • • ’ YOUR BEST BUYS ■ o . ''' . ' . ■ - ~ ■ a ■ ARE IN DECATUR! — ' : —- /' 77 ~ . I , ' ’ • . • . ' ' . ; JV . ... - - - - - •• <>.... , • ? ' • - ' -J * . and the quick and easy way to find the product or service you need is to be a Regular Reader of the... ADVERTISEMENTS ~ 772 “ZZZ ' Z ~ in the “ _ r DECATUR DAILY DEMOCRAT ' . • • • __ ‘’ : ■ ' : ■_ - ■'? ■ ■ . . • . ■ .! " ■ . " . v - . ■ 7 . ‘ r ‘ ’ . . • ' i— : ’■— —i—-—

DECATUR DAILY DEMOCRAT Published Every Ewalng Except Sunday by t THE DECATUR DAILY DEMOCRAT CO., INC. teoarad at the Decatur, Ind., Poet Office as Second Class Matter Dick D. Heller, Jr. President John G. Heller Vice-Presklent Chas. Holthouse — Secretary-Treasurer Bubs mint lea Kates By Ma£ to Adams and Adjoining Counties: One year, 88.09; Six months, 84.25 ; 3 months, 82.25. By Mau, beyond Adams and Adjoining Countlee: One year, 89.00; 6 months, 84.75; 3 months. 82.50. By Carrier. 85 cents per week. Single copiee, 1 cents. 72. ’■ ■ ' -•--- $ ;

dressed, even at a funeral, if she used none at all. But she must apply it with discretion. Q. When writing a thank-you note to a relative who has sent a check as a birthday gift, is one required to mention how the A. While this is not exactly required, it still is a nice thing to do and seems to indicate a more genuine pleasure over the gift. Q. How many salt and pepper shakers are proper for the dinner table? A. The most convenient placement is a pair at every other plate. Chicago Produce CHICAGO (UPD—Produce: Live poultry roasters 21-22; special fed White Rock fryers 16*417%; ducklings 26. Cheese single daisies 39%-42;

longhorns 39%-42; processed loaf 37*4-40; Swiss Grade A 53-55; B 51-53; C unquoted. Butter steady; 93 score 60; 92 score 60; 90 score 57%; 89 score 56. Eggs steady; white large extras 32%; mixed large extras 32%; mediums 29%; standards 31.

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NEW... SUMMER-TIME DRINK... Orange - Grapefruit Punch SPECIAL THROUGH JUNE 24th Vi GAL 99c A y GF *eerf s 1 1 | From Your Route R. R. 2 Berne, Ind. Salesman, or at Phone 2-2162 Your Favorite Store.

TUESDAY. JUNE 20. 1961