Indianapolis Times, Indianapolis, Marion County, 3 January 1952 — Page 21

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> : . Inside Indianapolis By Ed Sovola -.- “THERE weren't more than 12 county fairs last summer that made money. In La Porte County We made 35 cents.” : ! . Robert M. Morse's -statenient wag startling - and if he hadn't been the president of the Indiana Association of @ounty and District Fairs. 1 would have scoffed in my tomato juice - (favorite since New Year's Day). : Bill Clark of Franklin, sec-retary-treasurer, and A. Burl Hinthman, Rushville, vice president of the association, waved their , glasses of tomato “juice

expertly - and .saiti 1951 was tough. E

n n Hs THE ATMOSPHERE in the - suite at the Claypool Hotel was downright morbid. There I was with the three top ‘officers of the state's county fair organi- S zation planning for next symmer, and the-gloom was as thick as blackstrap molasses: The tomato * juice wasn't. helping much. |. : ‘“What we need is a calliope,” I suggested. “More than that we need money,” said Mr, Morse. z :

on oo 3 x] '

HE sath county fairs haven't been taking in’ enough money to keep pace with rising operating expenses. A few years ago a man could be hired to work in an unskilled capacity for $25 per week. Today the same job commands $75. “And admisstori to county fairs hasn’t increased in the past 20 years in Indiana as far as I know. The costs—zoo-oom.”

Mr. Morse brought his glass up—zoom. For a moment, mainly from force of habit lately, I brought mine up. The reflex action alerted my stomach, and it was a surprised litle organ when tomato juice arrived—again. . oe 0 oe

s! "

LAST YEAR was lean for the carnival owners. You remember how indignant our fair Indiana became, about slot machines, games of chance and even bingo. Well, carnival owners don't like a state with such an attitude. They want to operate, at least, the attractions known in the business as ‘“hanky panks.” That's the game of chance that requires you to either shoot, ring, snag or knock over merchandise for a flat price. For one thin dime you get three

a . Ta

» : .

County Fair Folks

'. Worried About Dough

hoops arid whatever you ring is yours. Sure, you remember. That's. hanky panks. .

Mr. Morse kept gengrating more gloom, He

told what an important part of a county fair the carnival, is. Without the rides and: shows and bright. lights, attendance would suffer. No people, no money and finally no fair. .

“You have to get the folks on the grounds,”

added Mr. Hinchman “and it takes a bit of everything to make”it go.” Np 08 Te “nb ro

“I DON'T know how a fair could exist Wwithout a carnival,” sighed Mr. Morse, staring into his empty glass. “In Indiana it would be practically impossible because the only aid county fair organizations. get comes from the county commissioners, and they give aid as they feel.” . Mr. Morse said La Porte County gave $20b0 for 4-H activities even though a budget was set up for $6000. Tough row to hoe, but his fair came out 35 cents in the black. 3 #*He considers she county fair as ene of the most important activities of a rural community. Without it, 4-H york would lose a lot of its in-. centive. : Ben

YA COUNTY FAIR is the cultural part of a rural eddcation,” said ‘Mr. Hinchman. “That’s right,” said Mr. Clark. “How about the girlie shows?” said I..Never

. should have asked that question.

The three men said girlie shows have been losing their. popularity for the past 10 years. Most ‘don’t pay off. The trend, in keeping with the desires of the public, is to tone down girl shows. . What do I have to look forward to in 19527 Will there be county fairs? Despite the sad note thrcughout our talk, Mr. Morse thinks 1952 will be a Rod year. The carnival owners are out in force. The government took the 20 per cent gate tax off on nonprofit organizations. That will help. Folks’ still have money in their pockets and they're working.

2 *. * oe oo oe

THERE WON'T be anything too new er star-. tling. Hogs and cows and sheep and cotton candy, hot dogs, dust, maybe some rain, barkers, ferris wheels and neighbors. It's been that way in La Porte County for 105 years. An ol’. Hoosier tradition. ; "Let's see a smile, gentlemen.

It Happened Last N ight L- Soni Deadbeats. Yes.

AQAA te

By Earl Wilson

" NEW YORK, Jan. 3—Year by year we should Tearn to make a little less fool of ogrselves—and my main aim for ’52 is to be less selfish than I was in '51. ? : Putting it another way, I'd like to be more

_ helpful and charitable to others than I was last

year. : : Looking back over the past 12 months, I can think of only one fellow whom I helped who disappointed me. This one was a professional deadbeat, I was told later, and I was probably a fool not to have remembered the advice I'd been given about him. So that one was my fault. A long time ago, Mrs. Ruth Bryan Owen Rohde, daughter of the late William Jennings Bryan, told me a rule of hers that I have always remembered. “I always try to help anybody who asks me,”

* she said.

“I try to think that maybe I am answering somebody's prayer. I think of how much that person has humbled himself before he .has come to me and asked me for something.” g Now of course we know there aré a few people who find it very,’very easy to ask—but probably most pf them don't. ’ I WAS THINKING of this a few days before this last Christmas when I had a phone call from a man who'd once been a prosperous hairdresser. . I knew him from a silly little adventure of mine. In those days he was the boss of his own shop and trying to attract attention and business by. specializing in permanent wavés for males mostly actors. As a gag, T went down to his shop and got a permanent wave. It made ‘good copy.” For several years I hadn't seen him. And now he.called up. “I'm desperate,” he said. “I'm about to. be evicted for-nonpayment of rent. Christmas is close, and I have no money for presents for my

‘three little boys. .

“Maybe,” he said, “if you would put in a word for me you could get me on the ‘Strike it Rich’ program and I could make some money fast. In time to show my little boys there is a Santa Claus.”

AT FIRST I was inclined to tell him to run along and not bother me with his troubles. Why

: Americana

By Robert C. Ruark

NEW YORK, Jan. 3—We already have failed miserably in our duty to the customers by not writing ‘a poem for Christmas consumption, in which to blackslap friends and appease creditors, and have allowed 1952 to sneak in without the customary - list of superlatives so dear to the final days of the expiring year. This we propose to remedy immediately. It would seem the time has come to oust the Duchess of Windsor and the other steadies from the best-dressed ladies’ list. My nominee is Mrs. Merl Young, the $9000 mink-coat lady, whose everloving figured = in the RFC hearings. Certainly, « she rates the nod over Mrs. T. Lamar Caudle, that sweet thing whose Mink ~only cost | : $4200, and was instrumental in getting poor papa canned from the tax prosecution end of the Justice Department. ; Possible runnerup might be Lili St. Cyr, the stripper, whose insufficient clothing’ was subject of legal controversy on the West Coast. Lili made Life Magazine, though, which some girls figure is sufficient Soverage.: > :

ON THE RECORD, Harry Truman would have to qualify as the best-dressed President of the United States—currently in office, that is. Some may criticize his sportswear as a trifle too sedate for a President but no living fashion critic can say that a double-breasted blue suit is not set off admirably by a white Texas-type sombrero and a cane. : : As place-horse to Mr. Truman in the men’s

- clothing sweepstakes, I must offer Tallulah Bank-

head. * Some say she owns a skirt, but all IT ever saw her wear is slacks. There was some bitter argument over candidates- for the most likely-to-succeed list. The,

* » deadlock was finally broken in faver of Virginia

Hill, the mysterious lady to whom gentlemen have long given ‘money.when she asked: for it, From the record, Miss Hill will never know want-—not . so long as she keeps her own counsel and shuns the garrulousness that earned poor Willie Moretti the finest funeral we are likely to. see for some-'

CE a a

AN THE FIELD of arts, we were able to

award Miss Samia Gamal, of Egypt, the palm for outstanding work in interpretive dancing.

Miss Gamal, a fringe-swisher or cooch-dancer,

wiggled her way into the affections of Master Sheppard King of Texas, who was. so moved he changed his name to Abdullah and forthwith “embraced the Moslem fajth. Then he embraced Miss Gamal. This proves that the way to a man’s heart is not necessarily through his own

“Stil enmeshed in the arts, we foind Miss “Peyton, the object of sa many affec.

gruled, due to lack of space. ~ *

But Others Need Help

should I be butting into programs that were n business of mine? >

Maybe it was that expression of Ruth Bryan

Owen Rohde’s about “answering a prayer” that made me decide to make the call, In fact, I made two or three. The first time.I called about it, the man in charge wasn't in. I had to call hirk back: And how nice he was. “We've looked into this man's case and he's legitimate,” T was told. “And we've about decided to put him on the program, Would you come on with him.” “Sure,” I said. . ode. de WELL, I went down to the station, and met ‘he man’s wife, and his little boys—and then I went on the program with the haftdresser. He didn’t really need me because he could answer the questions himself. - In fact, he won $500. ; y 1t only took me about an hour altogether but it made me feel like a big man (to myself) over the whole holiday period. . : It was the satisfaction I got from that experience that decided me about ’52. I'm healthy and lucky and happy. and I hope I won’t be too blind or deaf to chances to do some occasional good in 1952. : . “> a ud IN A FAMOUS N. Y. hotel the waiters pushed the goulash so much that Harry Hershfield asked, “Why are you selling the goulash so hard? Does the boss make you?” : “No,” said a waiter. “If you don’t eat.it, we have to.” : 8 Rh EARL’'S PEARLS . Neighbors-—defines Dorothy Sarnoff—are people who wonder when that damned party is going to end.

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WISH I'D SAID THAT: “Early to bed and early to rise—wno can afford to go out nights?” —Henny Youngman. , oe % oe

TODAY'S BEST LAUGH: A high-pressure

N. Y. executive summoned an assistant and said,”

“Look; my wife’s in the maternity ward. I wish you'd go down and walk the floor for me, because I can’t get away.” (From J. H. Newmark.) ‘ »

os Duchess Displaced By Mink Coat Lady

Peyton's dramatic abilities so enslaved the Messrs. Franchot Tone and Thomas Neal that Mr. Neal was moved to bust Mr. Tone's patrician beak. In retaliation, Mr. Tone kicked a lady in the shins and then spat in her eye. Hollywood, this past year, seemed richer in culture than at any time. since the halcyon days of Fatty Arbuckle. b Most 'intrepid-explorer award was shared by Humphrey Bogart and Katharine Hepburn. They went to Africa to make a-picture together, and both returmed alive. How, nobody knows, ated ele " FROM NOW ON the awards

must be cap-

Prettiest Name—Greasy Thumb Guzik, the

"crime commission witness,

~ Most-Willing Taxpayer—Frank . Costello, the civic leader. ' " Most-Retiring Public Servant—Former Ma ; yor William O'Dwyer, who retired to Mexico when te New York pavements got too hot for his . . & Most-Reticent . Singer: = Harry Gross, the bookmaker, whose voice failed him at a crucial momen in court, causing the D.A. to weep bit-" rly. :

Prettiest Convicted Spy-at- — i Cone py-at-Large Judith Most-Honest Sport—Basketball. We do not inelude etapshonting, which is illegal. ‘ ost Successful Govern - Price - stabilization, ment Bion Pike

Man of the Year—Gen. Harry Vaughan.

Dishing the Dirt By Marguerite Smith

Q—Am sending a leaf from a begon with some kind of scale. Would hi 3 covered me what the trouble may be? Have an ivy plant also scales on its leaves. What to do? Mrs Gus Schogneman. Acton. :

A—Scale is right, It arrived intact on the be-

gonia leaf. (I undoubtedly have the buggiest mail

at the TIMES.) Remedies are many if you want

to buy one. My ‘own favorite treatment is the

"Read Marguerite Smith's Garden Col , "E The Sunday Times uh

agit ramp

soapsuds and coal oil dousing. Jater or dish water, a quart of suds. Use enough so you can do the whole plant thoroughly. Then let it us ‘over night. Next day rinse with clear Water ¥That ought to wash off most of these insects, Repeat the treatment in a week or 10 days and keep an

Use sudsy wash

. eye on your plants so you can get after them sign of a

again at the very first new crop of the

‘pests. If you prefer or have 1 Fond Rta p on hand a nicotine given

it will

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ANNUAL GUIDE— a Your Income

Reporting Your Income Is Easy If You Had Your Taxes Withheld

* Marion W. Parker, .the

Add a teaspoon of coal oil

THURSDAY, JANUARY 3, 1952 +

*»

By RICHARD A. MULLENS

DO YOU work paycheck ? ve

: Times Special Writer for someone else? Do you get a

If you do, this is one of the most important articles of the Primer as far as you are concerned.

Here you learn how to report income from your. employer. And what is just as important as far as saving you money on vour taxes, this article tells you what expenses you can deduct on page. 1°of your tax return, Form 1040. But if you don't have what will be called here, for purposes

+» of simplicity, page 1 expenses,

don't worry. Other expense deductions will be €xplained in clear and complete detail in later articles. ‘ Reporting income is simple for those who had taxes with-

held. Each employer is required

to furnish you by Jan. 31. a Withholding Statement (Form W:2) which shows total wages before payroll deductions. Write this amount in item 2 on page 1 of your tax return. = 4» FF TAX was not withheld you will have to figure’income from records, or ask.your employer.

Report such income items’ on

AT LEAST WE® DON'T HAVE TO PAY INCOME TAX

LIGHT WORK—

Lamps Develop Better Plants, Flowers

EDITOR'S NOTE: This is the fourth of 13 authoritative, easy-to-follow - articles in our 11th annual Income Tax Primer-—expert advice’ for the average taxpayer on handling every item of his return with the least effort, greatest accuracy — and minimum pay- SE ment. The author, . Richard Mr. Mullens A. Mullens, is a ranking Washington tax authority and a graduate of the same training course given Federal agents

who scan your own return.

separate lines opposite each employer’s name in item 2. This includes tips received direct from customers and wages as a

«domestic servant, farm hand, or

casual laborer. - Some employers pay wages in

‘property other than. cash. In

such cases, figure the fair market value of the property at the, time you received it and report that amount as income. You get the fair market value of hundreds of items out of newspaper advertisements, classified ads, and stock exchange reports. If you receive property that isn’t listed, get help from your collector or a tax advisor. Now, let’s take a look at some income: items listed on page 35 of the official instructions which do not have to be reported. Here are explanations of the

.items most likely to give you

trouble Gifts from employer to em-

employee. To be a true gift, the .

employer must intend to make a

= By DOUGLAS LARSEN Times Special Writer ’

BELTSVILLE, Md., Jan. 3—In a brilliantly lighted basement room of the U. S. Department of Agriculture's

research laboratories here,

scientists are getting closer

to the elusive secret of life itself in plants. :

For the first time in the history of agricultural research they are able to measure the exact effect which light has on plant cell growth. Past research, and work in the development of better varieties of vegetables and flowers, up to now, has been hampered be--cause natural light can never ‘be accurately controlled. : Although the room has only been in operation a few months, it has already been used to help start development of a brand new variety of disease-resistant potato seed. In fact, use of the room for developing new varieties of all kinds ‘of seeds now appears to be one of its most valuable by-products, according to Harry A. Borthwick and two plant scientists in charge of the project. ” It also could be a factor in revolutionizing the world’s food production if it helps'in providing* the answers about plants which Borthwick and Parker are seeking. = o ” n

THE: ROOM_is 20 feet long, 10 feet wide any J feet high.

“Its vital feature, the lighting

equipment, was developed and installed by. General Electric engineers. Eighty-eight ‘“slimline” fluorescent lamps, supplemented with 24 60-watt incandescent lamps, provide the illumination. The lamps are the same. as those used in. your home. " ; -

The fluorescent and incandescent lamps provide all the

light nourishment—with none of the harmful elements of sunlight—which ‘plants need for growing. They give an illumination level. of over 2000 foot candles, which is more than 40 times the level 1 modern stores and offices.

The thing that makes the Beltsville installation unique is ‘a simple method of stepping up current cycle for the lamps, plus an automatic means of’ keeping the light intensity ‘continually fixed. nn = = RESEARCH being done in the controlled environment room by

Borthwick and Parker will supplement . work of -a similar,

he Indianapolis Times

“

Tax Primer—No. 4

DEDUCTING TRAVEL EXPENSES

If you deduct travel expenses in item 2, page 1 of Form 1040, attach a statement (preferably typewritten) like this sample, to your return: Li Gee I made 50 overnight trips away from home during 1951. My expenses on these trips were as follows: Railroad, airplane and taxi fares...... Meals, lodging and hotel expenses. ....... Telephone and telegraph charges........ Tips, public steno, baggage charges...... Auto expenses on these trips including depreciation, registration, gasoline, oil, repairs, insurance and parking charges.

Total Sevan scsssanissssansnnasnen

cee $276.50 335.00 . 17.85 65.00

400.00 { $1094.36

‘properly.

prevailing in

gift and should not take a deduction for it'on his business tax return, ls] #9 a DO NOT report the value of quarters provided by ‘the employer when it fs necessary for you to live in to do your -joh Quarters provided principally forr worker’s benefit, or as part of his wage, are taxable as part of your wages. Do not report value of meals provided when you work overtime without extra pay, or if meals are provided to have you on call during meal time. The fair value of other meals provided by the employer is taxable as port of your wages. Small services, privileges, and facilities furnished employees for the promotion of good will, health, morale and efficiency are not considered income to the employee. This includes such items as medical services, courtesy discounts on purchases, group insurance, railroad passes, and occasional use of official’ car for personal reasons, ® aE After showing ‘all your income as an employee in item 2, page one of your return, you are now ready to consider whether you have any deductions which can be shown in item 2. . The law ‘allows many deductions but only two types can be deducted in item 2 on Form

1040, These are travel expenses -

and business expenses reimbursed by your employer. The

much light a cane field needs, and at what time of the night, could - result in much bigger sugar crops. The same information has a similar application to other crops. " on n IT IS pessible, through artificial lighting, to make many areas of the world with short days far more productive. In the U. S. the great ‘variety of weather and day-length probably lessens the need for widespread artificial lighting to increase food production. However, in Florida, as one small example, artificial light used at night could be used to help grow onions by altering the day-night cycle. , There is a wide field for practical use of light research in flower growing. Poinsettias, for instance, need a great deal of darkness, and their blooming time is difficult to control by ordinary growing means. With artificial light, however, their blooming can be controlled exactly. ! : In the development of new seeds of all 'kihds the controlled

highly practical natufé already ® environment room will have its

under way in the U, 8. and in other parts of the world. Theirs is basic research aimed at answering all the questions of the effect of light on plant life. The other work is aimed at specifi problems in the field. .

In Hawaii, for instance, tests are under way to determine whether light can be used to increase the sugar crop there. It is believed that if a cane field can be lighted for a short time during the" night it will> keep the cane from forming a flower at the end at which stage it ceases to grow sugar in the stalk. Finding out just exactly how

Retirement Pay vs. HCL—

New Approach Eases Most Fixed

By R. MCALLISTER LLOYD _

NEW YORK, Jan.

Times Special Writer

3—A new approach to providing in

the years of retirement, an income which will reflect possible changes in the cost of living, .is now being con-

sidered by the college world.

Already screened and approved by outstanding investment ‘and insurance authorities as well as by college administrators, the plan is being circulated in outline as a matter of information among the 75,000

_ policyholders in the 600 institu-

tions served by Teachers In-. surance and Annuity Association. : Basically, the proposal is to supplement the conventional retirement annuity, which is paid in a fixed number of dollars, with ‘a variable annuity in terms of a fixed number of

‘units whose cash value will fluc-

tuate from year to year.

. 2 ‘ AS THESE UNITS ‘will 'rep- .

resent participation in investment in common stocks, they can ‘be expected to produce

. extra dollars in those years

when’ the cost of living is high

and more dollars are conse-

quently headed to maintain a We ‘oor claim that Bi

price level of common stocks rises and falls in direct relation with changes in the cost of livIng, but an intensive study of what has actually happened over the years since 1880 encourages us to anticipate that the relationship is sufficiently parallel to help persons in retirement to ease the pinch which

comes when a rising cost of liv-

ing presses against a fixed dollar income. . ! ; : aa » ; THE NEW PLAN has been devised to meet this problem in the ‘educational world in which TIAA operates exclusively. But the same problem is faced by all pérsons who are dependerit on annuity income in their years of retirement. : _~ . . © We therefore expectithat the results ‘of oir ‘plan, when it is put in force, will be watched

by those responsible for retire-

‘ment plans in other segments

‘of our society: We expect that

the plan will be available to the

’

“tection. :

most practical application, in addition to its use as a tool in basic agriculture reséarch. When the technique of new seed production in the room is more fully developed, it will be -possible to produce new varieties of all kinds of seeds which can be tailored for use in any part of the U. 8S. or world, regardless of what light conditions might exist there. However, if the room is able to help Borthwick and Parker achieve their ultimate goal, the discovery of the secret of plant life, it is impossible to predict

‘ just what tremendous benefits

to civilization will result.

The plan will operate through a separate corporation known as the College Retirement Equi-

' ties Fund affiliated with TIAA. in-

This new corporation will vest only In common stocks. . » " " ' INSTITUTIONS having conventional TIA A retirement plans will have the option .of participating in the new corporation, investing. up-to a maximum of 50 per cent of the total annual retirement ‘plan contributions paid on.behalf of each participant. These institutions will’ remain perfectly free to come into the new plan or to stay out of-it. But no institution will be permitted to enter the College Retirement Equities Fund unless and until -it has in force a TIAA rétirement plan providing a basic layer of pro:

y" yn .- THUS THE CONVENTIONAL fixed dollar annuity based on income from such debt obligations as bonds and mortgages will continue té be the backbone of all retirement plans offered by TIAA to the educational world. : 2 '., The variable annuity should

- costs.

other deductions can only ‘be shown on page 3 of Long Form 1040 and will be discussed in the 10th article. ” ” n READ the information on page 5 of the official instructions shown under “Travel Expenses of Employees” and, ‘“Reimbursed Expenses Other Than

Travel,” If you have any expenses which fit either category, do not file on Form 1040A. These expenses cannot be deducted on that form. They

can be deducted on either Short Form 1040 or Long Form 1040. Note that. the Bureau instructions say travel expenses must be incurred” while traveling at least overnight. The Tax Court, however, permitted one

penses” the cost of "a trip out

‘of town and back in one day.

The Bureau has not yet decided to follow this Tax Court. decision so if you try to deduct in item 2 on page 1 of Form 1040 for trips out of town but not overnight, you may have to go to the Tax Cédurt to win this point. = » n x A DEDUCTION. for travel expenses must be supported by a statement attached to your return. There. is no set form for the statement. A sample statement is reprinted with this article to show you how it can be done, and incidentally, to remind you of what items can be deducted.

Bris

Watch for tomorrow's article if you have any dividends, ine terest or business income.

Tax Primer Q. and A.

Q-—1 was an enlisted man in Korea for two months of 1951, The Army sent me a Form W-% for 1931 showing taxable income of $1050. Do I subtract two months’ pay from that and

* report the rest?

A--No vou should report tie full, amount. The Army is supposed to subtract combat pay hefore sending . out “the Form W-2, : . Q—On a recent business trip I received a per diem allowance of $7 from my employer, but my business expenses were $8 a day. How should-I deduct the $87

tax- . payer to deduct as “Travel Ex-

PONT WORRY, HONEY. 1'LL BE BACK TOMORROW AND I CAN DEDUCT MY TRAVEL EXPENSES ON PAGE 1 OF MY RETURN!

BY THE LIGHT of the incandescent lamps, this Agriculture

]

A-—You must include the $7 per day as income in Item 2, Page 1, of Form 1040, but you can also show in the same place a deduction of $7 per day for reimbursed expenses. The remaining expense of $1 can only be deducted on Page 3 of Form 1040 tinder conditions described in Article 10. Q—I live in Newark and commute each day to my job in New York. Can I deduct my travel expense? 2 A--No. Travel from home to work is not deductible, even if you live in another city.

Department research worker tends some test plants. Under artificial light, the vegetation sometimes does better than under sunlight:

Income Problems

dollars when they are needed in - meeting increased . living It. will be available as a supplement, when and where

co-operating institutions elect to take advantage of this unique method of giving the

beneficiaries of retirement plans a direct and continuing participation inthe growth of the

American economy. ” u o -

THE. EVOLUTION of public concern for those reaching the age of retirement is a subject that makes for fascinating study. In its early and more primitive . forms, veterans of the armed forces were given farms; civilians with no private means of support were: sent “over the hill” to the poorhouse.. Then veterans were among

the first to be given pensions

-at public expense. On the civilian front there has been the extension of federal and state

old age and social security pro-.

grams to cover practieally all citizens. ap

RE i AT THE. SAME time. there ha$ been a ; =

maintains lea@ership, thanks largely to the generous concern of the late Andrew Carnegie in the plight of college professors in the twilight of their careers. Although some colleges had formaliz pension promises to their faculties, the first coun-try-wide arrangement among the private. colleges was the free pension system initiated by the Carnegie Foundation for the Advancement of Teaching, endowed in 1905. un ” n r THIS. SYSTEM was. supple~ mented in 1918 by the organization of Teachers Insurance & Annuity means for funding and operat-

‘ ing retirement plans for the

growing number of educational institutions and their faculties, "Whereas protective coverage has become general, the rise in the cost of living has rendered the benefits inadequate. It is to this new aspect of the re-

. tirement problem that TIAA proposes to bring the variable

annuity as a partial solution,

It will be introduced only te «ee the educational world; but if =~. .

Association as a

"PAGE 21 .-