The Independent-News, Volume 88, Number 3, Walkerton, St. Joseph County, 16 January 1964 — Page 4

THE INDEPENDENT NEWS — Jan H> I“ ,: <

4

They Are Asking For It!!!

Phv Walkerton ('hanibvr of C< ’i jet <1 t• >» a ong t inn an otgunizatc-n that ha nccix*! <rT>- in and j?k<* at thvtr expcn< i ii-w asking for th*' sam* Th* y are asking for it :n ont of two way The membership drive fm I‘aii ha vjH'iHal and • t< h po tent rd member is being mailed a Utter with a membership < aid and stumped envelope enclosed fa easy return A PS t<> the luttei is added, asking anyone who wishes to expre their vn ws if L ey have a grit <• to get off their chert. at the opens*' of the Chamber It is hoped d < OU! e. that rxeryoie iv* < n ing a ettei a. 1 rem t the dues to group at I be* m* net x* m* ■ ' 1 " 5 ^ji ,p. AH m* mbers an xmo - .nr opinion. Migf* • van ( tivitu - and jobs that arc needed. or just h t off Fean a* any of the group But if they d >n t fvl they want b am a,id '. 1w . ito express thi r feeling- the letter invite t is action. opt rating a Ch miber of CemII rec in a town the .Ze of Walkert .. is not an easy task No ore i pud f i IF ir ’hi. and efforts. Few are w ilhng t » x . ik foi -uh a group. Th* r< . . ha , a ;v two wav- a group mi better a cot n. mity oo'al. one through in- ■ ustry. and the other throm the n tml merchant F’ i! the Walkerton Chambei .*■ mmerce has omiv two separate < ommittces that cove! thoe factions, the Indm’! I Fund C< nun tt* < and the Walk- ( ; K tail Ider* Hants. H )W- . vet these two gn up- have run into the same thing. A few people try to keep the ball rolling with little or no support from th*' other individuals. The maiority are willing to set back and "Ixt Someone Else Do It” and if it pans out successfully, get on the band wagon end hang unto the coattails of those who are doing the work Many can easily be pla< ed in this class. The Chamber of Commerce is w tiling and anxious to back anything f<>r the good of the oomr mity whether it be assist in getting another factory or retail store or just help with the Halloween party for the kids F' < rythmg in between is nn the r. dy list as well. However, it I- -ometh’ng that needs the help <>f everv ne wb* I • or should be y ‘er* -i"d in th* .r bwn

I Are We Over The Sudden Shock?

An- we over Hie shock of S’ ud. bakers clomi g in South Bend" The f»r st impn Asion wa>» of alarm for tic n.ai y worker^ out of a job What was going t • hap; • n to the <- >:. my of the : >< i with »ut thin weekly ]a> < heck <>f th> many employees v. ho w ere put out of work ’* The time is past by a period of four wc-k iv. a and life in th.a m> a ha at chan red greatly. Maybe for some it still n can hours of hunting a job with no mi ■ < Fs other it nunn acx opting a job t .at for* rs them to mov fr m the heme* they have h»< for v ( ( r Other yet a;< works* g for pav I<-s than what they miac at the : .t tmobi.e plant However the world continues to turn and the., continue at shnd ar. rji d pace if not normr 1 The eongrewunen »nd e' en the pr« lent showed nter< t in the welfare of tho- < h-> b>-t Hdr jobs at Stude* icer and thia wa- done -With due ।.s ; < Hm*. ever reading a Voice of the I «‘4>!e artk < in ti * S dh B< nd Tribune encou aged lia writing of this artu'e t ne pernon displayed dlagu*t with the tact tiiat nothing had beet.

Tao Chambei has no definite b.-heduiv t < mj de । i* is ut i kvnts u me lutuix nui is Om is getting .t*:diiion«l bustn< - m Walkerton Many io* a. p<s>p!e drive Hili*, to buy things they couio nnd right at home, only they constantly uwi.ook the local men hunts Two is industry Any assist ance th- (’hand' i can lend tvwaids tin. g al will be given as soon as p* -sable Turd i any pi iject for community betterment. Whatexii this may be the Chamber r anx. to inak* a kerb n betb i S- ine t ling: have been di J<us • I and committees are studying these One ;* a clean up c.impaig'i Even if it is only parti* if bed in by oo p«-nwnt of the people. it i that in ah >mpp vc' nt m a community. No one ca: foice an individual or merchant to spend money to ch n up <>r paint up. but they can b a k*. 1 An 'her prop cl that the C!ia.ul>e r is looking into t<» tw? just what the possibility . are is a pub । ‘■wimming pool rm;* ct su< h a- this d n>t come ch* ap Swimming p - an v* ry cxp* r. ive to be p d m for < 'mmumty use They have to inert regulations and sp< Heat.on- f vari -us group, bes te they can opened and ai v tvp of drive to rare money into the thou ands of dollars sit h as this takes, i a mar size operation, and I - one tha si uld be carri* <1 on by professionals There arc others The Cham b. r i planning to continue visit- ( ing the industry m Walkerton Txv<> y. ars ag" tbs month. I‘yro Electric was visited and all of , the group wns aurpi ised and delighted to «<* the- work a plant such ns this turns out as routine work The other industries are objects of the futuic over a period of time. There are other things that may be done and actually other phases of work started. Any assistance that can be given must be known about, and this is the fob for you. the people of Walkerton. A motto displayed in manv businesses in Walkerton on large signs reads "It takes two the Chamber of Commerce and You' Fulfill your obligation to your town and join the Chamb* r of Commerce and make tt an organization you can be prn*»d of and anxious to participate in now. I

brought into South Bend bv this time to h place Studebakers. My goodue. what do they expect. Doing such as tliis takes time. Finding new industry w not an over night job It is a task that if mcj :ul, taken a c msiderai • air .nt of time and eliort South Bend has .j*t industry be fore i nd it wasn’t replaced overnight. However, it n ist have been replaced in one way or another over the years a many n- u pl nits hiv sprung up in th 1 few y< i s Maybe nut the r i’c of OHvt s or Snyii- ar . it can be a ured that no om- the size of Studeb iker' will pop into town overnight It eems that too n.any peop’e want everything handed to them on a s:h r p’t’ter We w <uhl imagine that romeos the workers t at lo*’ )>b have yet to make the fu't effort to wr .re an«- one Yet these arc the same ones who will talk the Joudcd Time will e the tii wound tc It has In the past A little eff ,-t on the part of those affected will not hurt in the meantime.

EMERGENCY CALI \ / f 1 rSB \ / I - THIS MRS. SMITH! JUI : !;. FW7I I CALLED THIS MORNING J I Hi \J about mytv. not l" SB | ' WORKING., po X(bu think j 'mW SET m HERt y ! \ WOnY p® IN THIS I r'< | J '

Your Community And You

(EdPor’s Note: This is the second in a series of article concerning the financing done by the stat s and th*‘ir municipalities Th* y an* brought to you. a citizen vote! and taxpayer as a nubile service I fn our previous artich . a m ■ nd was defined as an instrument of long term indebtedness by means of which a public body su< h as a state or one of if municipalities borrows money. It is, in effect, a promise to repay (under certain conditions) a loan and its interest at some apwific tune or times in the the future The definition is actually a bit more complex Th* term 'munh - ipa!" rt f ers to more than just municipalities It refers to states, territories or posse-sions of th' I’nitcd States It also refers t. municipalities, p**litiral miNlivlsions. public agencies or such instrumenuilitics as an authority or commission of states, territories or possessions of the I'nited States Political subdivisions include counties, school distn* Is and special distn<t> and may h* broken down into special districts for fire prevention water, sex . * irrigation or other such purpec-e.-History of Municipal HomU The first state and municipal bonds appeared in the early IR2' l One of the first public facililie constructed with funds rec* ive ! from municipal bonds was th" New York Erle Cana! From th, - time on municipal bonds continued to play a major role in final • cing public needs and gro«*h After World War I. the St d s and municipalities saw a e ut • stantial Increase in their bond'd debt This was attribut*sl to the advent of the automobile with it accompanving demand for the t •

of road* The standard of liv: g In the post-war period was ronsldernb’v higher resulting In In ereaaed demand* for scrwci b\ the residents of the states and municipalities. However. the greatest demand for municipal bond flraertn? w« t a tnUe nt »< o In the nc” War’d War H venrs fttMew and ’cd muecma'lHes had found It necea«arv to borrow lure* •om* t° finnneg new public f n < »o ... pis irlv fne nr.emrv fln<l • erindt'v • -h- nW b*ehwi«vi, nimorts hn«nJti»i» and manv n’hrr ner< unties vtte’ tc» care for the pnf. w nf an exnandlne mp«ilatlon M 'n'-'nal bonds axe also h<med tn obtain funds tn connfr Imnenve nubHc fa< UttiM as meal Honed above A

muncipal bond car. best be described as true evidence of the continuity and stability of community life and each bond is a pledge by a city or town of faith in its own future That knowing investors place their funds in these tax-exempt bonds confirms this faith Type* of Municipal Bond* Municipal bonds take a variety of forms as they are used to i.nance a variety of public improvements Here we will deal with th*' four major kinds of municipal bonds which meet the specific needs of financing the constnx • tion of community facilities First, we have The General Obligation Bond. A majority of municipal bonds fall into this category This bond is secured by the pledge of the full faith, credit and taxing power for payment of the band. Sometimes, however, the issuer > taxing power is limited by tb* establishment of a maxumtni • I rate, in which case the bond, while remaining a general c bhgn tion. become® also a "limited tax bond. The S|Hx ial Tax Bond This bond is payable from the proct»eds of a spec ial tax n igar- , ette or gasoline tax for exur p!e> Tfie Revenue Bond This bond is payable fn m • ! enucs derr.'cd from toll char '• or rents paid by the user of lb* facilities acquired or construct' 1 with the pr*M evd> from the sale of the bonds Toll bridges and roadare good examples of such fact! i itlcs as are water and electric systems when publicly owned Ir I some cases, an is umg authority might have •‘consolidated b >"dwidth means briefly* that they

? hist Ar' 5Ss fn a3> fa ck W iMr»ar*M aaita aaa liist* isom vfitatt«aa Winalon Churchill, delivered his fanuut “Give us the toels” speech, January 17, HHI. Warsaw wa» fired by r-» k uoum j m uary 17. 1914. The Stalingrad siege was broken, January 18, 19|j. World War I peace conference opened in Versailles, January 18, Ums The Presidential succession law passed, January H IBM IA ( harlrs Wilkes ihsroveied the Antarctic continent, January 19 IMb F. 11. Roosevelt um ta.auj’urated for a third term. m' 1941; for a fourth term. January 20. k IS. **u«wy 29, , M rrie * atlon »***«•<* her cnmpainn by swiuting has Ktichet an a Hichita, Kansas saloon, January 21. 1907 * * ®° • Woodrow Wilson addressed ihr Smite i n . ata « «. 1.17. Th. t . MI -U. W.rh„ M

arc payable from nd revenues of mon? than one facility Sew Housing bonds These bonds arc issued by local Public Housing Authorities They are sc<-iired by a pledge of annua! contributions by the Ihtbllc Housing Administration of the United States, which together with the net revenues of the local Housing Authorities will be sufficient to pay the principal and interest on the bond* when due. The obligation of the Public Housing Administration is unconditional and solemnly pledges the faith of the United States to the payment of such contributions. Tills type of tax-exempt bond carries the highest quality rating, the same as government bonds «M» ^iiihii »■ in ■ ii Mrs. Brown had gone on a strict diet That meant everybody in the family went on a diet too. whether they r.-Md It or not One evening she asked her husband to call the children for <ll noer ‘Good,’’ jak! the hungry spouse *Whnt are we ha ing’’" •*siopp»»d lettuce. »< dloped carrots diced celery, and turnip ringM Now for heaven s sake, call the children." The husband shouted "Come on kids Better hm-rv—your «uppe» I* lotting wilted " <oo •omiorß The trhoolmlst rews was giving her ctaas of young punt l * a test on a recent natural history lesson "Now. Bobbv Jones " she said. "teV me Where the elephant Is found *”* The hov hesitated a moment, then his face lit up “The elenhnnt. teacher." he said, "is such a hip animal It Is scar. * lost “