Decatur Daily Democrat, Volume 61, Number 161, Decatur, Adams County, 10 July 1963 — Page 4

PAGE FOUR

More on Borrowing Monday we began a discussion on deficit financing, and yesterday we discussed a “local” case of “merchant” James Doe, who used deficit financing all during the years of his life that he was expanding his operations. - But there are cases where deficit spending are not good at all. Let's examine the case of Richard Roe. Richard, like James Doe, had $15,000 in assets. But he decided to use them differently. Instead of building up his assets, he decided to live a little higher. He bought a second home, on a beautiful lake, got a speedboat, fast racing car, and kept a stable of horses. < ' He, too, had to borrow money. But he did not increase his assets. He increased his daily cost-of-living, without adding to his assets. At the end of the year, he owed money, could not meet his payments, because his assets and income were the same, and lost his security for his loan'. So, we see that the man who uses his borrowing to increase his assets, to employ more people, to meet an expanding situation, succeeds when borrowing. The man who wants to “live it up,” unless he is careful to keep his spending within his fixed ~ ihcbme, is very unsuccessful Then our statement, . if you spend more than you take in, something is radically wrong,” is not necessarily true. If you are increasing your assets, it is perfectly sound business to “spend more than you take in.” Obviously, United States assets are now increasing every year. '' --- . * , Now let's look at the next statement: “It’s even more wrong that we are spending our children and our grandchildren’s money.” The money that is being spent by the Federal government is borrowed from “us”, the people who make up that government. ’Take the example of the board of directors of a country club. If they borrow money from a bank, they owe the bank a fixed amount: they must meet the payments, or default. They must worry about the debt. But suppose, instead, that they borrow ’the money from club members. They borrow the same amount, but they do not have to worry about forclosure. Why ? Because the club is composed of members, and the members can be assessed (or, if members of a government .taxed) and the debtholders paid back., u \ And that is just what happens. As each debt (and each has a fixed time of expiration) comes due, it is paid off. As long as the borrowing adds to the economy by increasing employment, the “members” are always good for taxes to pay off the loan, as it comes due. The debt is not passed on; even though the national debt total is larger for the next generation, so will the assets be, and so will the economy be — they will be paying on their own current debts to keep their own economy stable and productive, using up available labor by providing capital.

TV PROGRAMS

WANE-TV Channel U WMDNKHDAY ECvealßK 6:oo—Bachelor Father .' 6:10—-Early Evening New« 6:4s—Walter Cronlclto — New* 7:oo—Whlrlybirda 7:3O—CBH Reporta HDD—Vieta '63 8:30 noble Glllla 3:00 The llljlbllllea o:3o—lMck Van Dyke Show 10:0O , R< < konlng 11:00—Rate Newa it:i.’. 11:20 -Goll Tlpx 11 25— Award Theater THtHHIMY Mornlag 7:15 bally Word 7:20—80b Carlin — NeWa 7:25 —Colleg of the Air 7:55 Bob I'aflln —■ N'ewa. 2:oo—Captain Kangaroo 0:00 Divorce Court 10:00—Strike It Right 10:30 1 Dove Lucy 11:00—The McCoya and tlladya Afternoon 12:00- bove-of I,lfe 1 12:25 CBS No we IR^lO—Search for Tomorrow 12:45 Guiding Light 1:00 Ann Colone Show I:2s—Mid.day New* 1 30 - Am tho World.-T-urna 2:oo—PaNHWord 2:3o—Houaeparty 3:00—To Tetl the Truth 3 25— CBS Newa--3:30 Edge of Night 4:00- Secret Storm 4 :30—Millionaire’ - s:oo—Jack L’owetl Show Evening 6:00 - Bachelor Father **~ 6:20 —Rarly Everitn* New« 6:45 --wali<• r <ironklle News 7:oU—Adventurea In Paradise 8:00— Perry Mamin o:oo—Twjllght Zone 10:00 Hurfaldt Hl* ,11:00-Late Newa 11:15 -Hporta 1 I :20 a 10l f Tlpa I 1 :2G Award Theater - WKJG-TV Channel 33 WEDNENDAY Evening 6.15-Gatceway to Hporte 6:26—Jack Gray New* 6:4o—The Weatherman 6:46—Hu n't ley-Brinkley Report 7:oo—Bat Maateraoh 7:30-, The Virginian l»:00-\Premltire 10:00—Eleventh Hour 11:00—New* and Weather 11:16—Sport* Today 11:20—Tonight Show THUHMIIAY Morning 6:3o—American Government 7:oo—Today 8:00 —Engineer John B:3o—Coffee Break 8165—Faith To .Live By I 10:00—Say When 10:2rp-NtJC New* 10:20—Play Your Hunch 11:00—Price In Kight II :IO -Concentration

Central Daylight Tima

Afternoon 12:00—Newa 12:10—The Weatherman \ 12 15—Wayne Rothgeb Show 12:30 Truth or Conaequencea 12:55—N8C New* 1:00—Beat of Groucho I:2o—Your Firat Impreaalon 2:oo—Ben Jerrod 2:2S—NBC New* 2 20—The boctora 2:oo—Loretta Young Show B:3o—You bon't Say 4 00—Match Game 4:22—NBC New* 4:2o—Make Room for baddy f— *400—-Boao the Clown —— 6:46—December Bride Evening 6:ls—Oateaway to Sporta 6:2s—Jack Gray Newa 6:4o—The Weatherman 645 Huntley-Brinkley »■ -— 7:00 Trail* Weat 7:30 Wide Country 8:30— Dr. Kildare ■B.3o—Hasel 10:00 Siiei lai ll;00 —New* and Weather 11:15—Sports Today 11:20—Tonight Show c i WPTA-TV Channel 21 WEDNESDAY Evening 6:00—6 P.M Report 6:ls—Ron Cochran — Newa 6:3o—Dick Tracy 7:00 -Bold Journey 7:30 Wagon Train B:3o—“Going My Way” B:3o—Our Man Higgins <4o:oo—Naked City 11:00-Murphy .Martin — Newa 11:10— Weath*rvkne 11:16 Steve Alien Show v THURSDAY — Morning 0:00 -Fun Time 9:80; —The Jack LaLanne Show 10:00—Mom's Morning Movlo 11:00—My Little Margie 11:30—Seven Keys Afternoon ... > 12:00—21 Noon Report 13:20—Father Know* Bent I:oo—General Honnltal I:Bo—TenneHHee Ernie Ford 2:oo—Day tn Court 2:34—Ale* Drier News *3:30 —Jane Wyman B:oo—Queen for a Day I B.Bo—Who Do You Trust 4:00— American Bandstand 4:Bo—Discovery '63 4:ss—American NewsMtand s:oo—Mickey Mouae Club s:Bo—Superman Evening 6:00—I P.M. Report B:ls—Ron Cochran — Newa 6:3o—Huckleberry Hound 7:oo—Wild Cargo 7:Bo—Ossie & Harriet B:oo—Donna Reed 8:30 —Leave It to Beaver 9:oo—<My Three Souk 9:3o—ftlcHnlC* Navy 10:00—Premiere 11:00 -Murphy Martin — News 11:10—Weathervane 11;15 Steve Alien Show DRIVE-IN . ■;Ureakfa*t At Tiffany'*'' Tue*. 4t Red. 6:46; “Police Nurse" 11 icm hl Cld Shut* Thur*. Frl Sat al 9 L’.M.

DECATUR DAILY DEMOCRAT Published Every Evening Except Sunday by THE DECATUR DEMOCRAT CO., INC. Entered at the Decatur, Ind., Post Office as Second Class Matter Dick D. Heller, Jr. President John G. Heller Vice President Chas. E. HolthouseSecretary-Treasurer Subscription Rates -----— By Mail, in Adams and Adjoining Counties: One year, 110.00; Six months, $5.50; 3 months, $3.00. a By Mail, beyond Adams and Adjoining Counties: One year, $11.25; 6 months, $6.00; 3 months, $3.25. By Carrier, 35 cents per week. Single copies, 7 cents.

m Mm MP'S? “you just can’t beat that /W-X J 4 l 11 jTITTfWkI Meat from Standard!” 7| flSvißr" ■■ A PRICES & COUPONS IN \ US 'CHOICE r this ad good thru JI" ■ A Ue - vnvivc SUNDAY, july uth p£GLS3 quantity rights (stamp J CHUCK « DOHIT “ * 3aL GET GREATER TOTAL SAVINGS WITH ID STANDARD'S EVERYDAY LOW, LOW PRICES • • • BiB>« ■B WTERGENT ' r - tt* MM U. S. GOVT. GRADED "CHOICE" — H SPIC & SPAN -29/ SWISS STEAK.... “49/ SALVO TABLETS... -39/ CHUCK ROAST“S9/ RIB ROAST <’:v™ u 59/ MR. CLEAN ‘- 39/ BOILING 8EEF..71..«19/ SHORT R185“29/ COMET CLEANSER 2-29/ V R | B STEAK “79/ IVORY SNOW box HYGRAoes i I Hmhb WfAMAY snap 2“'“31/ SPARERIBS...Tt-rr....*59/ ACON SLICED PORK LIVER..-29Y C , «» ■n ADDircAlirr “i? LARGE BOLOGNA .“.»39< “79/ «»«■ >1 3 RAAPPLtSAUCE 4.7? SMOKED SAUSAGE. 39k tucw : 1"77. LUNCHEON MEAT 59/ MODESS L' am !h yycr-T-ri i„ ,r-» j, g • D SANITARY NAPKINS ... Clfl ir ITU’ I 25 25 25 Xfl Mnnrcc box FREE STAMPS FREE STAMPS free stamps FVIWI.JJ I WITH TWi C«W«« !»• THE FVKHtIt Os WIT» THIS COOPOK IKO THt PVOCMSt OF WITH fill COUFOW »0 TKC FOOCHOSt OF - I‘LffSTEW BEEF 1. I LSAUSACE , "”““ 7SfnJH M SaS“ COWM MM TMM HIT t<T« COOrtll MM TMU JULY IFTW COtIFOM COM T«l« WLY I<TI PURE CANE WftNW 1 J WITH TH|S COUPON ANO A SSOO SUA AR—IV W W8A1A.... IV IvrßE sucar 9 9 9 9 COUPON GOOD THRU JULY UTH ■ ORCHARD FRESH CRUSHED —ts AA ORCHARD FRESH m AA PIIRF CFAI Fll PINEAPPLE. 5 S I OO PEACHES. .:4» $ 1“ ■■ ■■■ APRKOTS .4 t 1“ JUNE PEAS 10-T” U M i£ you just ( tin'l find Fresher 9 .9 finer Produce” FANCY CALIFORNIA HVH agsfai STRAWBERRIES V IVI 340? J GA POTATOES V u... n0. 1 new cabbage. 2 “19z wa N of* k CUCUMBERS.... 19. PORK & BEANSIO ■BSSJCEEn MORTON FROZEN M I(.| l| J.|j 9 FREI STAMPS CREAM PIES T? e O STAMPS WITH Tail COUFOM two THt FUFCHISI OF WITH THIS COUFOM tHO THt FUDCHAIt OF WITH THIS COUFON IWO THt FUOCHFIt OF WITH THU COUPON FHO THt WqUlt OF W " ’ * WIM THUCOUMH »M tat FUOCHFIt OF 4 MO«* PEACHES ».» ORANGES CA IF. II 3 BAG ONIONS ANY KIND II .. 2 B*9*>of Carrots I -nuVirnr BEEF-CHICKM I 2wxm* I coufoh cooo rnu iuiy uth coufm 0000 mu tutr ttrw coufow 0000 raw luiv util coufoh coco thou wir u« 01N NI R S Tu«oy FA. Z|. jc COU , ON tOOO ww I)tH " DETERGENT ft 2L _ Ban 35( l FABRIC SOFTENER LIQUID DETERGENT PREMIUAA PACK DETERGENT |un „ u pn , B „ DETERGENT i ( ,? owny a thri , ll DUZ DASH tide bt ° z & G$ P 9 Il ucu J i jjLL J • II»It Jll NMNMWHIW

fin DKCAfim DAILY BBBOCRA?. DCCATDR. lADUIIA

NOTICE TO TAXPAYERS OF ADDITIONAL APPROPRIATIONS Notice I* hereby given the taxpayers of the Decatur School City, Decatur, Adam* County, Indiana, that the Board of School Trustees of said City, at the office of Mie Superintendent of said School Cityin Decatur, Indiana, on the 13th day of July. 1963, at •12 o'clock Noon, EST., will consider the following -additional appropriation, whtcli said Board of School Trustee* consider necessary to meet the extraordinary emergency existing at this time. For the purchase of real estate and to complete existing contracts for an addition to the Decatur Junior-Senior High School Building and the. Northwest Elementary School'in the . T> j-. .t.amdA

It Is contemplated to appropriate said above funds from a Cumulative Building or Sinking Fund heretofore collected Or to be collected under the provisions of Chapter 57 of the Acts of 1843, and all amendatory and supplemental acts thereto, and to expend the same for the purposes set forth above. • Taxpayers appearing at such meeting shall have the right to be heard thereon. -— The Additional Appropriation as finally made will be automatically referred to the State Board of Tax Commissioners, which Board shall hold a further hearing within 15 days at the County Auditor’s Office of Adams County, Indiana, or at such other. place as may be designated. At such hearing tax-

appropriation may be heard and interested taxpayers may Inquire of the County Auditor of Adame County, Indiana, when and where such hearing will be held. BOARD OF SCHOOL TRUSTEES OF DECATUR SCHOOL CITY OF DBCATTR. ADAMS COUNTY, INDIANA By Richard J. Macklin, Secretary. John L De Voss, Attorney. : 7/3, 10. \ • I NOTICE TO BRIDGE CONTRACTORS: Notice fs hereby given that sealI ed proposals for tne construction i of certain bridges .will be received i by the Indiana State Highway Commission at its offices in the i Indiana State Office Building, Room 1313, Indianapolis. Indiana, ■ *■•*3l lA,XkA ▲ . <4fanziarrl

WEDNESDAY, JULY 10, 1963

Time.' on July ttTl »88 when all proposals v.will be publicly, opened and read. • ADAMS COUNTY tract 8073, Project S-58«(«>, Btruc-, ture 191-0-4570 Over; St. Mary a River on SR 191 at Pleaeant Mills. 5 Spans 1© !4’-0”, I®> 7<>-o'j 1% St’-O'. lit 70’-0 , 1® 24-O.M degrees Rt.. Cont. Steel Beam A l" Girder 28’ Rdwy., W 2’-0" Walks. Steel Enc. Cone. Pile Bents No I 2,5, & 6; Including 0.189 Mi. Approach Grading and .Comp. Arar. Base with Hot Asph. Cone. Surfacing, -- —-—- ... Plans and Proposals mnv be examined at the office of the Indii ana State Highway Commission • in the State Office Building, Room ■ 1313, Indianapolis, Indiana. INDIANA STATE ~, HIGHWAY COMMISSION 1 7/4, 10.