The Mail-Journal, Volume 5, Number 41, Milford, Kosciusko County, 13 November 1968 — Page 3

Record Sales And Earnings By Monarch Record sales and earnings were attained by Monarch Industries, Inc., in the first fiscal quarter ended September 30, 1968. These results were announced today by Donald L. Hart, president of the mobile home manufacturer, at a special meeting of share holders called to approve a previously reported merger proposal. Mr. Hart also announced completion of another acquisition. Sales for the fiscal 1969 first quarter were $4,638,000 against $2,987,000 a year ago. Net income was $160,039, equal to 19 cents per share on 830,000 average number of shares of common stock. A year earlier net income was $112,143, or 19 cents per share on 600,00 average number of shares. The increase in the number of shares Is due to the June 1968, public financing. The ~ number of shares has been adjusted for the 2-for-l split on October 11, 1968. Provision for the federal surtax reduced the recent period’s earnings by $16,039, or two/bents a share. Mr. Haft announced that share holders approved the merger of Monarch with Fawn Corporation, a privately - held mobile home producer located in Howe, in exchange for 99,960 shares of Monarch stock. Fawn Corporation’s current annual sales rate exceeds $8 million. The merger gives Monarch needed plant space, extended marketing capabilities and economies of operation. Mr. Hart reported that Fawn’s management will remain affiliated with the merged company. Mr. Hart also announced to shareholders that the company has completed the purchase of Cambridge Homes, Inc., another mobile home producer. Monarch

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Un»tv Circle Meets In Nusbaum Home The Unity circle of Saint Andrew’s United Methodist church assumed the management of Cambridge in February of 1967, under an agreement which included the payment by Monarch of at least 80 per cent of the then outstanding Cambridge liabilities. Cambridge, with annual sales approximating $5 million, will become a whilly-own-ed subsidiary of Monarch. The acquisition will be treated as a purchase of assets, and operalion, will become a wholly-own-October 29, 1968. Cambridge’s manufacturing operations already have been integrated with those of Monarch. Monarch operates plants in Middlebury and Syracuse and is presently constructing a new facility in Valdosta, Ga. In September, Monarch acquired an option to, purchase for cash Coppes, Inc., manufacturer of kitchen furnishings and equipment, with headquarters in Nappanee. Annual sales of Coppes are in excess of $3 million. Additional acquisitions are being investigated, Mr. Hart added. Continuing its program of internal growth and outside acquisition, Monarch’s management is budgeting for record high sales and earnings for the full fiscal year ending June 30, 1969, according to Mr. Hart. The company’s common stock is traded in the over-the-counter market.

MONARCH INDUSTRIES, INC. (Unaudited) Three Months Ended September 30, 1968 1967 Net sales $4,638,000 $2,987,000 Income before taxes 336,523 197,300 Taxes , 176,434 85,157 Net income 160,089 112,143 Net income per share* 19c 19c Number of shares 830,000 600,000 * Pro forma per share results, mounted to 18 cents and 19 cents assuming full conversion of out- in the respective quarterly perstanding warrants and options a- iods.

held its November 7 meeting in the home of Mrs. Willard Nusbaum in Syracuse with Mrs. Alvin Caldwell and Miss Ida Deardorff assisting. There were 14 members in attendance. Mrs. Robert Searfoss, chairman, conducted the business meeting. Members discussed the bazaar and Harvest dinner to be held at the church on November 21. * Devotions were by Mrs. Nusbaum. She mentioned the recent election and how much God’s help is needed to settle the turmoil of the country. She read Matthew 12, 26 to 37 and one verse of the song, “He is Only a Prayer Away”. She closed with P ra y er ‘ Program A program entitled, “Thanksgiving” was given by Mrs. Searfoss. She read several articles about Thanksgiving including one by Norman Vincent Peale. During her talk, she called attention to the many things people have to be thankful for, small as well as large, and how they sometimes forget the little things such as a kind word, cheery hello, the fragrance of a flower, etc. The next meeting on December 4 will be in the home of Mrs. Ralph Clingaman with a carryin dinner scheduled for 12:30-p. m. followed by a gift exchange. Mrs. Anna Homan, Milford, is recovering from pneumonia. Her children are caring for her.

UGONIER NEWS By Rose Cunningham West Noble School Board Meets Tuesday The regular meeting of the West Noble Corporation school board was held Tuesday evening at the office of superintendent Glen K. Longenbaugh on road 6 near Ligonier.* The proposed school merger with Central Noble was discussed and the board unanimously agreed to go on record as against the merger. The members voted to advertise for an additional appropriation of $28,000 to be applied to classification 200 of the school budget under the classification of “instruction”. The appropriation will have to be approved by the state tax board. In other action Mrs. Glen Sprague was hired as assistant janitor at the elementary building in Ligonier, a contract was signed with Mary Lou Dixon to teach English and social studies at the Ligonier high school building. The group also decided to advertise for several more school buses. Several school officials will be attending future meetings. Superintendent Longenbaugh and board members Herman Lung, Dean Hite, Harold Knepper, Mack Howell and Keith Earnhart will attend the I. S. B. A. meeting at Fort Wayne November 19. Principal. Marvey Sponhauer

will attend the guidance conference at Indiana State university November 19 through November 21. Lloyd Ness and Robert Wechtsr will be attending the secondary principals meeting at Purdue university on December 5 and 6. Charles Schull, board member, was absent from the meeting. It was reported that he is confined to a hospital with a mild heart attack. West Noble Fans See Preview West Noble basketball fans had their annual preview of what is to come this season at the Ligonier gym Friday evening. Coaches this year are Jerry Yoder, eighth grade; Dennis Gunder, seventh grade; Phil Schrock charger freshmen; Robert Fields, head coach; and Glen Hicks, assistant coach. These men were all presented and in turn, presented their teams and cheerleaders. The West Noble patrons were then privileged to see each of the teams participate in a short scrimmage session. Season tickets are now on sale at the Cromwell, Ligonier and Wawaka school offices. Games will be played in the Westview gym near Topeka with the exception of the February 13 game which will be part of a double header to be played at the Fort Wayne Coliseum, making a total of seven games classed as “home games”. —L— Perry Township Homemakers Meet Perry Township Extension Homemakers club meeting was held in the Eagles hall Wednesday afternoon. Members answered the roll call with “What *we have to be thankful for” and “The Prayer of Thanks” was sung by the group. The club voted to send gifts

for the mental health program in the county. Mrs. David Dunlap told how to start “flower slips” for Christmas gifts. Mrs. Forrest Slabaugh gave the health report on Hong Kong flu. Mrs. Ruth Smith gave a report of the officers meeting held recently at Kendallville. Mrs. Robert Duesler, Mrs. John Todd, Mrs. Tom Hite and Mrs. Forrest Slafcaugh reported on their attendance at the Christmas workshop in Rome City. Devotions were by Mrs. Harold Simmons and Mrs. David Dunlap read the verse of the month. The door prize went to Mrs. Tom Hite. Hostesses were Mrs. Richard Fisel and Mrs. Marie Chiddister. Officers will bauhostess for the next meeting to be held at the home of Mrs. Tom Hite. This will be the annual Christmas pot luck and gift exchange. Toastmasters Hold Orientation Meeting Potential toastmasters held their orientation meeting for the Ligonier area Thursday evening, Nov. 7, at Ligonier. Members of the Goshen Toastmasters organization presented the program with Rev. James Sentell acting as toastmaster for the evening. D. C. Lewis, chief engineer at Penn Controls, and Walter Golden, chief therapist at Elkhart hospital, presented typical speeches. Wilmer McLaughlin, former Elkhart county public defender, was the chief evaluator. Don Baums, managing editor of the Modern School Supply Co., was the educational speaker. Gerry Wiley, engineer in training at Penn Controls, was topics chairman. Brian W. Nelson of Monsanto Co., Ligonier, is in charge of the organization of this area club. Potential members were given the opportunity of viewing a sample meeting. —L—COMMUNITY NEWS Mr. and Mrs. Tom Hite of Ligonier, Mr. and Mrs. David Johns and family of Goshen and Mrs. Ruth Johns of Topeka, were dinner guests of Mr. and Mrs. Mike Kettlebar at Goshen on Sunday. - Jerry Wellman was guest of honor at a family dinner recently. Twenty-four guests were present. Mrs. Melvin Schlotterback has returned from a six weeks’ trip to England, Belgium, France, Germany, Holland and other places of interest. She was accompanied by her sister, Mrs. Stuart Carney of California. Most of their time was spent with Mrs. Schlotterback’s son, Major V. K. Schlotterback, and his family in London. Miss Martha Fruit, a former teacher in the Ligonier school system, has been visiting relatives in Haskell, N. J. The Friendly Hearts class of the Sparta Christian church elected Mrs. Cleo Wolf, as their new president; Herbert Wolfe, vice president; Mrs. Laveina Davidson, secretary; and Hugh Sherwin, treasurer. Their meeting was at the home of Mr. and Mrs. Floyd Steller in Ligonier. Twenty-seven members were present.

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Wed., Nov. 13, 1968—THE MAIL-JOURNAL

Jason L. (Hap) Vanette Funeral services for Jason L. (Hap) Vanette, 56, r 2 Ligonier, were held in the funeral home at Ligonier at 1:30 p.m. today. Vanette died in the Goshen hospital at 2:30 a.m. Monday. He was born in Ligonier on January 11, 1912, and had spent his entire lifetime in the community with the exception of 12 years spent in the army. He was a veteran of World War II and a farmer. Survivors include his wife, the former Reva Bellman; two stepdaughters, Mrs. Connie Ray, Danville, 111., and Miss Cindy Bellman, Ligonier* three brothers, Grover and Edward of Ligonier and Robert of Goshen; a sister, Mrs. Harold Ball of Ligonier. Rev. William R. Simmons, pastor of the Ligonier Presbyterian church was in charge of the services and burial' was in Oak Park cemetery. Statewide Search For Outstanding Farmer Begins NORTH MANCHESTER—A four month search throughout the state to select the Indiana Outstanding Young Farmer of 1968 gets underway this month, according to an announcement today by Karl Messmore and David Krieder, cochairmen of the Indiana Outstanding Young Farmer committee. Jaycee chapters throughout Indiana will be holding local farmer recognition programs in their communities and will submit recipients of local honors for state level competition. Indiana’s Outstanding Young Farmer will be named at a banquet to be held in North Manchester on March 1. The program is co-sponsored by the Indiana Jaycees and Central Soya and its Master Mix feed dealers. The Indiana chairmen said that the winner of the state program will be entered in the National Outstanding Young Farmer Program to be held this year in St. Paul, Minn. The national event, which each year honors four Outstanding Young Farmers throughout the nation, is held under the auspices of the United States Jaycees and Central Soya. To be eligible for the award, a farmer must be between 21 and 35 years of age, an actual farmer or ranch operator, and derive a minimum of two-thirds of his income from farming. Entrants are selected on prograss in their agricultural careers, soil and natural resource conservation practices and civic and social contributions to their community, state and nation. David Shields In Viet Nam CU CHI, Viet Nam — Army private first class David L. Shields, 21, son of Mr. and Mrs. Carl Shields, r 1 Leesburg, was assigned October 15 to the 65th Engineer Battalion near Cu Chi, Viet Nam, as a combat engineer. U.S. cuts its debt to foreign banks.

Along Main Street By GEORGIA BUSTER Well, it’s over! I Hear it will be remembered in history as Election, 1968. A lot of folks stayed up almost all night Tuesday. They may as well have gone to bed and rested for there was no news all night. ♦ * * With only 34 more shopping days until Christmas, some of us are “beginning to act like Christmas.” I have sewing spread out, wrap pings on tables, and disorder in general. As soon as gifts are wrapped, some mailed and others in boxes, I will decorate the house. * * * Syracuse can be proud of the “trick or treaters” this year, very little damage done, and no children knocking on doors before the 31st. * * * Angela Pavy, granddaughter of Mr. and Mrs. James Butt, was awarded the grand prize of a U. S. savings bond at the Halloween contest in her home town of Carbondale, 111. There were over 70 entered. She wore an Uncle Sam costume that her uncle Steve had worn when he was her age. Grandma made it. * * * It seems rather strange that when someone loses something they do not think to go or call the police department. The police department has a number of articles that have been turned in, including keys, a Schwinn bike, red and white kiddie car and a 20-gallon galvanized garbage can. If you have lost any of the articles, check with the police. * * * Jerry Rinker of Syracuse is making a name for himself on the Southern California cross country team at Costa Mesa, Calif. He and his brother-in-law, Jimmy Conn, also from this area and also a student at Southern California, have developed into top distance men. They are num- - ber four and five on the team. Jerry’s mother, Mrs. Mae Rinker, lives in town. * * * Bernard Atkin has been employed by the town of Syracuse with the street department. Mrs. William (Eleanor) Pipp, has accepted a position in the office of Nicolai Enterprises. Have you brought in your gift for the mental patients yet? November 15 is the deadline. Men patient gifts are especially needed. They must be new and can be anything from a ball-point pen to a pair of trousers or bathrobe. * * * For years I kept a record of the first snowfall in Indiana, and for several years it was on No- v vember 1. This year we had a few flakes on November 4 and more on the Bth. * * * I received a copy of The Monitor, newspaper, from Mr. and Mrs. Arnold LeCount at Mission, Texas, last week. It’s a special addition and like a Sunday edition of our state newspapers. Colored outside pages. I have not had tune to read all of it yet. Nice to compare food prices, etc., in different state papers. Don’t forget the servicemen. Send gifts now. Theo Beer of r 2 Milford went to Philadelphia to return Mrs. Baer home. She was called there when a daughter was born to Dr. and Mrs. Alan Beer. Announcing the arrived of new Aileen Knits! Pink & gray, beige and black combinations — stunning! Tbe House Across Street^ Open Every Wed., Fri. and Sat. Nights Nappanee, Indiana

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