Decatur Daily Democrat, Volume 61, Number 196, Decatur, Adams County, 20 August 1963 — Page 4

PAGE FOUR

DECATUR DAILY DEMOCRAT Ptibllibed Every Evening Except Sunday by _ THE DECATUR DEMOCRAT COT INC. Entered at toeDecahir, Ind., post Office as Second Class Matter t Dick D. Heller, Jr. President John G. Heller — Vice President Chas. E. Holthouse Secretary-Treasurer _ „ „ , Subscription Rates By Mail, in Adams and Adjoining Counties: One year, tlO.OO; She months, >5.50: 3 months, >3.00. 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.

Borrowing and Spending Most of us who are not economists fear deficit spending by our government because we feel that it is out of hand — that the debt gets bigger and bigger. We forget that deficit spending is in no way limited to the U. S. federal government. We consummers are great savers, for example — we saved some $26 billion in 1962. But year by year our total debt and our total in assets increases. In 1962, consumers paid $4 billion of their purchases of automobiles and household appliances through the use of installment borrowing, and when we in* elude personal loans and morgage buying of homes, we find that American consumers spent s2l billion in borrowed money. And there was nothing exceptional about 1962 — over the preceding ten years, consumer debt outstanding, including mortgage debt, has been rising at an annual rate of sl9 billion. The same general pattern is visable in the business world. These are asset-acquiring debts — to expand production, build new plants, employ more people, produce more goods. We cheer every time a business does this. For example, American Telephone and Telegraph (AT&T) is considered a pretty successful business. Yet in 1929 its total outstanding debt was $1 billion 148 million; last year, it had an outstanding debt of $8 billion 382 million. But who would say that it is worth less today than it was in 1929? AT&T, like the United States government, never defaults on its debts. As each becomes due, it is scrupulously honored and paid. But it is not paid with company cash. It is refunded, a standard business procedure, which means that more money is borrowed to pay the debt. Since 1945, AT&T and its subsidiaries have refunded $252 millions, or one-quarter of what they owed in 1945. There is no more prospect of AT&T repaying its debts in the foreseeable future than there is of the U. S. repaying its debts — yet this certainly doesn’t weaken faith in AT&T, does it? Why should it weaken faith in the U. S.? Those who would have you believe that a debt incurred to increase U. S. consumption is a burden are either completely misunderstanding the situation, or purposely misleading you. The government, in fact, could more than eliminate the national debt without taxing you one penny! Just think of the value of the vast governmental land holdings, dams, electric projects, etc., etc, all over the world. When someone tells you how much you “owe” of the national debt, ask them how much you “own” of our national wealth.

TV PROGRAMS

WANE-TV Channel IS TUESDAY Evening 6:oo—Bachelor a Father 6:3o^—Early Evening News 6:4s—Walter Cronklte — News 7:oo—Sugarfoot 8:00-—Lloyd Bridges Show B:3o—Talent Scouts 9:3o—Picture This 10:00—Keef Brasselle Show 11:00—Late News 11:15—Sports 11:20—Golf Tips 11:25—Award Theater WEDNESDAY Moralas 7:ls—Daily Word 7:20 — Bob Carlin — News 7 :25—College of the Air 7:55—80b Carlin — News B:oo—Captain Kangaroo 9:oo—Adventures In Jaradlse 10:00—Sounding Board 10:30—I Love Lycy 11:00-—The McCoys 11:30—Pete & Gladys Afternoon 12:00—Love Os Life 12:25 —CBS News 12:30;—Search For Tomorrow 12:45—Guiding Light I:oo—Ann Colone 1:25—-News I:3o—As The World Turns 2:00-—Password 2:3o—Houseparty 8:00—To Tell the Truth B:2S—CBS News B:3o—Edge of Night 4:oo—Secret Storm 4 :30—Millionaire s:oo—Jack Powell Show 5:55—G01f Tips Evening 6:00 —Bachelor Father 6:3o—Early Evening News 6:4's—Walter Cronklte — News 7:oo—Whirly birds 7:3o—The Press and the Race f MM 11 4* B:3o—Dobie Gillis 8:00 —The Hillbillies :30—Dick Van Dyke Show 10:00—Reckoning 11:00—Late News 11:15—Sports 11:20—Golf Tips 11:25 —Award Theater WKJG-TV Channel 33 TUESDAY Evening s:4s—December Bride 6:ls—Gatesway to Sports 6:2s—Jack Gray & the News 6:4o—The Weatherman 6:45 —Huntley-Brinkley Report 7:oo—Best of Groucho 7:Bo—Laramie B:Bo—Empire • :3O—Dick Powell Theatre 10:80 —Special 11:00 —News & Weather 11:15—Sports Today 11:80—Tonight Show WEDNESDAY Morning 7:00 —Today 9:oo—Engineer John 1:80 —Editors Desk 9:ss—Faith to Live By 10:00 —Say When • 10:25—NBC News 30:30 —Flay Your Hunch

Central Daylight Time

11:00—The Price Is Right 11:80—Concentration Afternoon 12:00—Noon News 12:10—The Weatherman 12:15—Wayne Rothgeb 12:30—Truth or Consequences 12:55—N8C News 1:00—Best of Groucho I:3o—Your First Impression 2:oo—Ben Jerrod 2:2S—NBC News 2:3o—The Doctors 3:oo—Loretta Young Theater 3:3o—You Don't Say 4:oo—Match Game 4:2s—News , 4:3o—Make Room for Daddy 5:00—Bozo the Clown s:4s—December Bride Evening 6:ls—Gatesway to Sports 6:2s—Jack Gray and the News 6:4o—The Weatherman 6:4s—Huntley-Brinkley Report 7:oo—Bat Masterson 7:30 —The Virginian 9:oo—Kraft Mystery Theatre 10:00—Special News and Weather 11:15—Sport Today 11:20—Tonight Show . WPTA-TV Channel 21 TUESDAY Evening 6:00—6 P.M. Report 6:ls—Ron Cochran — News 6:Bo—Yogi Bear 7:oo—Zoorama 7:3o—Combat B:3o—Hawaiian Eye 9:3o—Untouchables 10:30—Focus on America “ Murphy Martin 11:10—Weathervane 11:15—Steve Allen Show „ WEDNESDAY Morning 9:oo—Fun Time 9:Bo—The Jack LaLanne Show 10:00—Ladies Day 10:30—Mom’s Morning Movie 11:80—Seven Keys Afternoon 12:00—21 Noon Report 12:80—Father Knows Best I:oo—General Hospital I:3o—Tennessee Ernie Ford 2:oo—Dg.y In Court 2:24-—Alex Drier — News 2:Bo—Jane Wyman 3:oo—Queen F or a Day 3:80—-Who Do You Trust 4:oo—American Bandstand 4:3o—Discovery '63 4:ss—American Nuwaatand s:oo—Mickey MotWs* Club s:Bo—Superman Evening 6:00—6 P.M. Report 6:ls—Ron Cochran News 6:Bo—Dick Tracy 7:00—Bold Journey 7:Bo—Wagon Train 8:80—"Going My Way” 9:3o—Our Man Higgins 10:00—'Naked City 11:OG—News — Murphy Martin 11:1Q —Weathervane 11:15—Steve Allen Show DRIVE-IN "Savage Sam" Mon. at 9:05 Shorts at 6 P.M. "Dtnosaurts" Tues. Wed. Thurs. |:ob "Curse of Werewolf" 9:30

SPECIAL WASHINGTON REPORT

House Defeat Threatens 250,000 In Local Jobs By Sen. Robert C. Byrd (D. W.Va.)

I President Kennedy has accurately described the vote against the Area Redevelopment bill as “tragic,’* I This bill would have provided an additional S4JO million for communities with chronic unemployment. It would have created 247,000 jobs in these communities. -> > I And these jobs would have come at a time when the overall economy is accelerating in many areas in the country,)

but only moving at a mail’s pace in economically depressed areas. But now—because 91 per cent of the Republican Congressmen voted against this bill, and, i therefore, against the unemployed—there is a danger that the slow economic improvement in : depressed areas may come to a halt. I This is our situation: t The economy in general Is accelerating. * Industrial production is up three per cent. F. Manufacturing in April has climbed 300,000 above the January level.

Total non-farm employment “ has risen by 700,000. Business investment, orders for durable goods, and housing starts are up. And yet, we are still confronted with a serious problem in helping our depressed areas, i Thus, the vote on Area Redevelopment is leading us to economic imbalance. | The essential key to economic progress is to close the gap that exists between the affluent America and the "other America” of people without jobs, or adequate health facilities and educational opportunities. The economic program of the Kennedy Administration is a comprehensive one. We began with ARA, which marked the first time the weight of the Federal Government was used to relieve persistent unemployment. We increased the minimum wage. We provided better housing for millions of Americans. W* passed the Manpower

Shortage Charged < To Bank Secretary MACON, Mo. (UPD—A federal : warrant was out today for the : arrest of a diminutive, small town bank secretary in connection with a shortage of $112,600. ' Federal Bureau of Investigation : agents said blonde, attractive Mrs. Norma Sue Kirks, 29, was in a Kansas City hospital. They said Mrs. Kirks, an 11-yeat em- 1 ploye at the Macon-Atlanta State Bank, had “falsified books and records” for nearly two years to cover up the shortage. Charles Wirth, president of the bank in this town of 4,500 persons located about 170 miles northwest of St. Louis said the shortage could be as much as $178,000. An audit was under way. Neither the FBI nor Wirth would discuss how the shortage took place. Wirth said Mrs. Kirks, who is only 5 feet tall and weighs 105 pounds, was a "congenial and pleasant woman, a trusted individual,” and had worked for his bank since before her marriage. Mrs. Kirks' husband, Crayton, owns a filling station in Macon? r An employe said he left unexpectedly Monday afternoon and flew to Kansas City in a private plane for “three or four days.” Neithbors said the Kirks recently sold their home and purchased another of higher value. They also said the Kirks had a SIO,OOO

I■ 11 . i ...iii.iim i . ... I I £8 CT 5 101 qpwS *’ \ ' » IWG HtA wTM>4 01 OS, “Like Janie said, he’s Interested in space—both outer v and inner!’'.... -

THE DECATUR DAILY DEMOCRAT, DECATUR, INDIANA

Robert C. Byrd ,

Training and Development Act to prepare unemployed workers for new job opportunities. In short, we restored confi- ' dence in the American economy. And it is on this wave of confidence that we now seek a tax cut that will stimulate growth even more by providing more jobs and putting more money in the hand of the consumer. Unfortunately, we too often assume that these programs automatically benefit everyone. , This is not the case. In order for the entire program to work, all the individual aspects must function well. This is why we need to restore the Area Redevelopment program which is at work in pockets of unemployment affecting 35 million people. That is a staggering number of people to be affected by any one single program. It shows the effect that the loss of 247,000 jobs can have. It shows us why we need this program.

yacht and a cabin in the Lake of the Ozarks. The Kirks had no children. The FBI said the manipulation oL books took place between Nov. 10, 1961, and Aug. 8, 1963. Mrs. Kirks entered the hospital the: following Monday, agents said. The bank discovered discrepancies in its accounts and notified the FBI and the state Banking Department, Asst. U.S. Atty. W. Francis Murrell said. U.S. Commissioner William O’Toole issued the warrant for her arrest. Wirth said Macon’s bank collapsed during the depression. A bank at nearby Atlanta moved to Macon and this became the Macon-Atlanta State bank. Wirth said the bank was insured by the Federal Deposit Insurance Corp. He said Mrs. Kirks had a personal account in the bank. "She was a nice person to know and be associated with,” Wirth said. Poe Firemen Hold Festival August 31 > The Poe firemen will celebrate their 25th anniversary Saturday, Aug, 31, it was announced today. The Ppe firemen’s festival, an allcwbration, will be held Aug. Hoagland Hayloft. There will be entertainment the entire day, including tractor pulling, water ball, and dancing. Lunch will be served all day, and supper will be from 4:30 til 8 p.m., and will consist of chicken, pork, and sauerkraut.

Wren Lions To Hold « Annual Homecoming The Wren Lions club is sponsoring its annual homecoming Friday and Saturday at the park in Wren. The events of me two-day ceremonies begin at 4 p.m. Friday when the Crestview girls play an all-star team in softball, and a parade is to foMow. The parade has units that will travel a distance of 50 miles for the homecoming. Fort Wayne’s Dick Stoner, master of magical tricks and magical humor will entertain in the evening, along with the Crestview high school band. Bob Sievers, Fort Wayne radio

Write Your Shopping List FROM THE ADVERTISEMENTS ■ vft. IN THE Decatur Daily Democrat Make it a daily habit to read the advertisements in this newspaper. r Jot down the Items you need as you see them... then when you do your shopping you will know where to go and how much it is going to cost. You •> can save time .. . save money... by planning your shopping trips. Your Decatur stores offer a wide selection of merchandise at the lowest possible prices . . . and you will appreciate the friendly service. Item Needed t Tbuy Item Needed , . .. • * L_ . i ‘ —4 ■. ■ ■ : • —'■ — 1 - — - ■ - ‘ ' ’’ • J .. . ' , r ‘ ' ' * • ' \ • •• .v. " ~ _ '-L ' ■.■’■■ ■' - • . ; 1 ■ *4 X '., ’ . •' .... • • -s • ' ,s . * • . ' . ... . dT • -CT ■ . , r - . . ’. ■ ' ■ • i ■ * ■ . a r . « • ’• ■ - —— ■ Mr # WRITE YOUR SHOPPING NEEDS THIS WEEK AND READ THE ADVERTISEMENTS EVERY DAY! YOU’LL SAVE! /' • ' r > _ -__q .—. ?. ?—~ — —

annuoncer and disc jockey, will be master of ceremonies for the "Miss Wren” queen contest, to begin at 3 o’clock Saturday afternoon. A ball game and contests will open the festivities Saturday morning. Barbershop Music Climaxing the entire affair will bee a Saturday night of barbershop harmony, featuring “The Notealbes” of the Defiance chapter of the Johnny Appleseed district. Fran Seibart will entertain with her humorous “chalk talk,” at the intermission period. Numerous other events, such as a horseshoe pitching contest, antique display, pony rides, etc., will feature the two-day homecoming. Marlin Gehres, program and publicity chairman, has extended an invitation to everyone in the area to attend the affair.

0 ( 20 Years Ago Today £-2 0 — 0

Aug. 20, 1943 — The First State Bank of Deactur is celebrating the 60th anniversary of its founding this week. The city council has cut the Decatur civil city proposed tax rate The Wren Lions have sponsored this event for the past several years as a fund raising project for their many community activities. Each year, new ideas are incorporated into the event and all net proceeds from the work of the 48 members and their wives are used for a new community project.

TUESDAY, AUGUST 20, 1963

from 45 to 39 cents. City officials have rejected a bid of 32,800 by Frank Burger for collecting garbarge,. and will receive new bids. Carl Buffenbarger, Decatur high school graduate, has resigned as basketball coach at the Pleasant Mills high school to accept a similar position at New Haven. Deputy collectors of internal revenue from the U.S. treasury department are in Decatur checking automobiles and issuing summonses to drivers who do not have federal use stamps displayed on the windshields of their autos. When fainting Always be sure when painting to have a clean cloth dampened with turpentine right next to you, to wipe up spilled drops as soon as they are spilled.