The Mail-Journal, Volume 4, Number 33, Milford, Kosciusko County, 22 September 1965 — Page 12

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THE MAIL-JOURNAL

The Journal PUBLISHED EVERY WEDNESDAY rika Milford Mall (Eat, 1884) Syracuse-Wawaaee Journal (Eat. 1907) Consolidated Into The Mall-Journal Feb. 15, 1962 Democratic ARCHIBALD E. BAUMGARTNER, Editor and Publisher pgr J. A BAUMGARTNER, Business Manager • Box 8 Syracuse, Ind., — 46567 Entered aa Beceod C3aaa matter at the Poet Office at Syracuse. Indiana nalMiitpllon* per year in KoectaskoCoonty; $430 Outside Comity

EDITORIALS NATIONAL 4-H CLUB WEEK

• Whatever you’re doing and wherever you live - during the week of September 25 through October 2 — you shbuld give attention, interest and support TO an observance that will take place at that time. It is National 1-H club week. It would l>e difficult to praise the 4-H movement too highly. Because of it. great numbers of boys and girls are helped to learn the fundamentals of farming—and farming, in these days, is a combination of business, art ami craft. The ancient virtues that are an implicit element in land and nature are combined with -the technology of today. We live in an increasingly urbanized

"MAKE A GOOD BREAKFAST, SIR"

Many a homemaker has trouble in petting the family up in the morning. It’s hard to leave the cozy comforts of bed. ■ stitute suggests using meat as an ally. As it observes, the ’ nerve-tingling aroma of frying bacon and sizzling pork sausage opens eyes wide and stimulates lazy eaters to better breakfast habits. So do all. manner of other breakfast treats. Perking up apatites is particularly important in the case of children. According to dietitians, they can work and play best if they have, one fourth to one third ;of their daily protein requirements at breakfast. And when it comes to white collar

OH, THOSE CORNERS

Some of the corners in Kosciusko county are potential killers and we think someone should do something about them. The number of traffic accidents is going up and up in this county, the state and the nation and we would hate to think of a person being killed because of a bunch vs vee<ls or a com field. . Can’t someone do something about the weeds? Many a corner in the county is dangerous because of tall weeds growing along a fence row. Drivers approaching from different directions can not see each other. Sure there are stop signs and

By DON FRANTZ County Agriculture Agent THE 4-H CLUB members who sold their market stock through the 4-H s:de at the fair last month have planned a barbecue for the buyers. The (fate fas been set for October 15 and will be held on the fairgrounds. Beef. lamb, and pork chops will be served and the club members will pick up the tab. The sale here fa one of the most •successful of any and our members want to express their. appreciation for the support. Dorris 0. Harrold of Akron, chairman of the County 4-H Council. will serve as general chairman for the event

SPEAKING OF AREA-DEPRESSORS 7” : - ■ ■ ■ ~~ zzz* , . ■ -r J 0 r/ N S £•’ ? ° ' r C $ GROWINGJtUv / > J PROBLEM or 7 / ? V/AVSIDE ( ! Jir* ,TTER IBu DON'T BE A LITTERBUG!

Wednesday, September 22, 1965

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society. Inevitable as that may be. a very great deal of the strength and the character of this nation is found in the rural side of its life. The land,, and those who work the land, feed and clothe and sustain us. An there, away from the congested cities with all their problems, is the strongly beating heart of America, .'f There are no juvenile delinquents in the ranks of 1-H. They carry on those traditions — pride of purpose, fair dealing, independence, consideration for others — that are so vital to that heartbeat. We salute the -1-H clubs of this area and wish all 4-H club members and their leaders luck in the future.

workers, meat at the start of the day eliminates the craving for high calorie midmorning snacks. The Institute also offers some other good ideas. For youngsters who are going through a hot dog-hambui-ger phase, rememlx’r that these foods are sources of high quality protein and adapt them to morning needs. They can be used in a variety of ways to make appetites hum and get them off to school with abounding energy. • John Galsworthy, the famous English writer, once said, “Make a good breakfast, sir; 1 always say a half-hreakfasted man is no good.”

drivers do stop. but. what good does that do if he can’t see after he has stopped. We have nothing against the farmers. Everyone knows the farmer has enough to cope with, with out us adding to it. But, sometimes com fields can present a problem to a driver who must stop at a sign and can’t see in one or both directions whether or not there is a car coming. All the driver can do is take his life in his own hands and creep out between the fields. One thing we know for sure, someone needs to do something about those corners.

Poultrymen of the county are watching the egg market come up for the past several weeks to a fairly good figure. Egg {rices have gone through a severe price depression. Prices in mid-1965 were only cents higher per dozen than they were 50 years' ago and it is not possible to recover costs at these levels. This county produces about 30 million dozen of eggs per year. It costs a lot of money to maintain production at that level and the price has not beta enough to do it, but with the upward trend of the past few weeks, producers are breathing easier. GARDENS CAN be a pleasant area during the winter by removmg the matured plants, and seeding with rye-grass fur a winter cover crop The grass needs a minimum of seed bed preapration and will save a good start before cold weather comes. About five pounds of domestic rye-grass for each 1,000 square feet erf space will make a. devj-e. dark-

green cover all winter and give a fine given manure crop for next spring. The apple crop looks good and it will be harvested .soon. Most people have no facilities for storing them and therefore cannot buy very many at the time they are best and cheapest. A storage space can built by using a krge drainage tile, burying it below the frost level and corerag with a good mulching material such as straw and then 1 covering with anything that will shed water. Some of the large sized tiles will hold several bushels. SUMMER IS the best time for most house plants. They are able to receive plenty of light and they are often outdoors where they can ’ obtain renewed vigor. September fa still time to encourage house plant growth, so they will fa in good shape for life indoors this fall and winter. Purdue university extension horticulturists recommend fertilizing house plants this month, their last installment of plant food for the year. This applies to house plants iboth indoors and outdoors now, Use a water—olwble fertilizer as (hrected on the package. < Fertilizing later than September, the horticulturists caution, may encourage the plants to becolne spind,ly. j. Before you bring plants indoors ■which have spent the summer outside, it’s best to trim them. Also, cut off any roots which are growing through the hole in the bottom of the pot Be sure to get then inside before frosty weather. Once the plants are indoors, most of them will need as much light as you can give them. African violets are an exception. They need plenty of light, but not direct sunlight. Be sure to water w-ell before the plants wilt.

NOW Open AU Day On THURSDAY DAVE’S MENSWEAR Nappanee, Ind

CAPITOL O COMMENTS k Senator Vance 4 I HARTKE

INDIANA HAS MOVED AHEAD

Seventy-two thousand Indiana steel workers can rejoice today that President Johnson’s efforts saved them from a strike. Steel is t! e state’s largest employer, with 5,200 irJre workers than in 1959. In fact, Indiana today produces—and this wiH surprise many Hoosiers—2o per cent of all the steel in the world. In a few years Indiana will be turning out a third of all the world’s steel. Steel workers get the best wages too—an average $153.02 per week in July. In July, 1959. I had been a Senator for only six months. The Evansville area had 5,500 unemployed for a rate of 6.8 percent But in July, 1965, the figure was only 3.3 per cent — 3,000 out of a work force such has grown in those six years from 80.700 to 91,300. Today every one of the seven industrial areas of the state for which detailed records are kept is below’ the national unemployment average of 4 6 percent. The rate for the state as a whole is only 2.9 •percent, which mans that out of about 55,000 without work. How is South Bend doing, where the Studebaker loss left such a problem? In July, only 3,600 out of of 102.000 workers were looking for jobs — 3.5 percent Fort Way-

TODAY’S INVESTOR BY THOMAS E. O HARA Chairman, Board of Trustees National Ass n of Investment C'-tM Q. My broker suggests buying commom stock of a certain conpa ny because, he says, it has good “leverage”. What does he mean? A. A lever is a device making it possible to use a small force to act upon a larger one; the advantage the lever provides is called lev- . erage. “Give me a lever.” said! Archimedas. “and I will move the ‘ world.” In investing, leverage refers to the situation where a relatively small change in a company’s earnings results in a much larger change in the earnings on its common stock. This happens only in cases where there are senior securities —bonds or preferred stock or both —outstanding. If a company has no senior securities, there is no leverage. \ Here is how it works: Company A, with no senior securities. has 1.000.000 shares of net income, after taxes, is $2,400?000. This, divided by the 1.000,000 shares outstanding, amounts to earnings of $2.40 per share. If next year Company A’s net income should increace by 50 per cent, to $3,600,000, . the earnings-per-share will also go up 50 per i cent, to $3.60. ; On the other hand, consider the lease of Company B. Company B. j also had net profits, after taxes, of $2,400,000 for the year. Company B has -500.000 shares of preferred stock outstanding, on which it is obligated to pay dicidends of $1 per share, or Si .000.000 This leaves $1,400,000. or $2.80 per share, as earnings on the 500.000 shares of

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II ne is really booming. There, out • of 111,000 workers, only 2,100 were i unemployed in July, for a low 1.9 ; percent rate. i Looking back to my first Senate ■ year, I find that Indiana has bei come increasingly industrial as well as prosperous. In these six years, we have added 113,700 to the total work force, but “non-farm indust-, ries” employ almost 175,000 more. Biggest employment gain has been in “electrical machinery.” up more than 28.000 with the radio-T.V. industry accounting for nearly half of these new- jobs. Despite the loss of more than 9.000 jobs in autos and aircraft, some 47,000 more people now than when I left Indiana for the Senate. But we have made room for 121.000 more people how than when I left Indiana for the Senate. But we have made room for 121,000 more in nonmanufacturing new jobs, more than 21.000 of them in retail -trade. What about the future? Look at one final figure. Those employed in education in Indiana today are nearly 95.000. That’s 32,500 more — 50 percent more — than when I first voted for an education bill in the Senate. I think the future will be in good hands.

common stock outstanding. Now suppose Company B's net in-1 come next year also increases 50 per cent, to $3,600,000. Dividends on the preferred still remain sl.000,000. leaving $2,600,000 or $5.20 per share as net earnings on the common — an increase of . 86 per cent. This is leverage. But remember: leverage works both ways. If Company A’s net pro- . fit should decrease 50 per cent — I from $2,400,000 to $1,200,000 — the i net earnings on the common stock I will also decrease 50 per cent, from | $2.40 to $1.20 per share. However, if. Company B’s het profit drops 50 per cent — from $2,400,000 to $1,200,000 — it is still obligated to pay $1,000,000 of that sum as preferred dividends. This leaves just $200,000. or 40 cents per share —a decrease of 86 per cent — as earnings on the common. ' I would say that, on the whole, iyour broker is right: — leverage ; offers a chance for greater yield on an investment. However, since it is more speculative, you must be prepared to see your dividends shrink or even evaporate completely in a bad year, Q. Friends have told me I shouldn’t be buying stocks now because the market is on the way i down. What do you think? I A. The great financier, J. P. Morgan, had a stock answer when people would ask him, “What is going to happen to the market? He’d say: “It’s going to fluctuate.” That 19th century observation is l j just about the only valid prediction that can be made today on stocks — just as it was then. If you have a sound investment program and buy quality stocks at regulare intervals without trying to predict the market, you are likely to do very well over an extended period of time. This principle is one of the three basics sound investing advocated by the National Association of In- • vestment Chibs. ' I If you want to embark on a long range program for investment for retirement or for any other reason right now is just as good a time as any, povided you select your

stock purchases carefully. It is a good principle to space purchases over a period of time rather than make a major investment at one time. Q. I belong to an investment dub. Our broker tells me that we must have a tax identifying number for our dub. How do we go about getting one? A. Contact the District Director of Internal Revenue for your area and ask him for form SS4. Fill it out and return it ot him; he will then assign a number to your club. This number should be used when filing your investment dub’s income tax return and should also be supplied to the transfer agents for each company in which your club owns shares of stock. Interested in starting an invest? | ment dub? NAIC’s booklet, “An Educational and Investment Opportunity For you,” tells you how to go about it For a free copy write i to T. E. O’Hara. National Association of Investment Clubs, Box 1056, Detroit, Michigan 48231, endosing a stamped self-addressed envelope.

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Nothing you can buy... r t ■ y 1 ""i . . ja fl >■■■!■■■ H'll l WK ■»* ••■■ H qyy by the dozen, peck, " quart, or pound ' * 11 ’ fa —. ■ ■ If 1., ...is a bigger value per dollar than your electric service. When you pay your electric bill, your dollars are buying 14/2 times more electricity than they would have bought 30 years ago! Smart homemakers Show a bargain when they see it. Today's average family is wring 6 TIMES MORE electricity than in 1935. Electric Power.. Indiana's Most Abundant Resource, f * Indian* - * a ’Jk»Wc Service jjpr Company .V qpnbai a( swi>c» In ajsscoard

UNEMPLOYMENT CLAIMS UP IN INDLtNA A total of 17.728 unemplojinent incurance claims were filed last week, compared to 16,983 the week before. Lewis F Nicilini, director of the Indiana Employment Security Division, said that temporary plantwide shutdowns are tapering off and that fewer persons filed initial claims fest week than did the week before. More filed continued claims, he said, and thes were mainly people still out of wwk because a labor dispute then in effect in an out-of-statg factory reduced demand for supplies from several Indiana plants. Quite a few employees of an Anderson plant were still off work : last week because of inventory but normal production w-as resumed this week. Some northern Indiana construction workers were out of work because of the continued labor dispute between the carpenters’ union and building contractors. A shortage of materials idled the employees of a wood products manu-

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facturer in southern Indiana. Mr. Nicolini said that all production halts were relatively small and that no major layoff was reported. DO YOU ALWAYS OWE TAXES Do you always owe more tax when you file your return? One solution to this problem is to have additional taxes withheld by your employer, says James E. Daly, district director of .Internal Revenue. One way to do this, is to file a new exemption certificate. Form W-4, with your Employer, reducing the number of exemptions, you claim. This will increase the amoimt withheld each pay period. You may also enter into an agreement with your employer to. withhold additional amounts, such as $4 or $5 each ( pay period. internal Revenue gets many inquiries as to whether the above practices are legal. They are perfectly legal, Mr. Daly said. In fact, additional withholding is encour- ' aged.