The Mail-Journal, Volume 6, Number 2, Milford, Kosciusko County, 12 February 1969 — Page 9

rhe Mail PUBLISHED EVERY WEDNESDAY The Milford Mail (Eat. 1888) Syracuse-Wawasee Journal (Eat. 1907) Conaolidated Into The Mail-Journal Feb. 15, 1962 DEMOCRATIC ARCHIBALD E. BAUMGARTNER, Editor and Publisher DELLA BAUMGARTNER, Business Manager Box 8 Syracuse, Ind., — 46567 vHJ Entered as Second Class matter at the Post Office at Syracuse, Indiana Subscription: $4.00 per year in Kosciusko County; $4.50 Outside County

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Who Will Serve?

The town board of Milford is presently considering the appointment of three persons to a park board. Said board would work with the town board in running the park at Waubee Lake and in improvements to be made there. A big step in the line of improvements in the building currently under construction. The building will house a concession stand, dressing rooms and rest rooms. Presently, however, the board’s major problem seems to be finding three persons who are willing to serve.

Purdue Is 100 Years Old ...

We join in congratulating Purdue university on its 100th anniversary year. The college was estab l ished by the General Assembly of the State of Indiana in May of 1869 and has served the people of, Indiana since that time. Did you know that six out of 10 practicing engineers in the state are Purdue graduates, as are six out of 10 pharmacists, nine out of 10 vocational agriculture teachers in the state’s high schools, four out of 10 trade and industrial education teachers and one out of six elementary and secondary teachers ? Nearly 100,000 men and women have graduated from Purdue over the years. Purdue is Indiana’s only school of agriculture, only school of industrial management, only state supported school of engineering, on’y school of veterinary science and medicine and only state supported school of pharmacy. Purdue is 16th in size among the 2100 U.S. colleges and universities and ranks first in the nation in the number of BS degrees granted in engineering. It has the largest graduate student enrollment in pharmacy in the country. Purdue has been called the school of astronauts and rightly so, as it

Smoldering Cigarettes: Handle With Great Care

You wouldn’t think of a smoldering cigarette as an instrument of danger the way you would a

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EDITORIALS

stick of dynamite. Yet, the Insurance Information Institute reports that smok-

They are looking for and need dedicated people who, once they have said yes, will jump in with both feet and do what is best for Milford and for the lakeside park. The land which forms the park area at Waubee Lake could be and should be made into something that all residents of the town will be proud of and a place where one can go to spend a hot Sunday afternoon or a peaceful summer evening. So, again we ask “Who Serve?”= Will You?

counts among its alumni current and former U.S. spacemen Neil Armstrong, Lt. Cmdr. Eugene Cernan, Comdr. Malcolm D. Ross, Capt. Charles C. Bock, Jr., Capt. Henry C. Gordon and Capt. William J. Knight. Three spacemenalumni have given their lives in the line of duty. Namely Capt. Iven Kincheloe, Jr., Lt. Col. Virgil I. Grissom and Lt. Roger Chaffe. The university came into being as a result of the Morrill act, also called the Land Grant act, which was signed by President Abraham Lincoln (whose birthday we are celebrating today) on July 2, 1862, by which the federal government offered to turn over public land to any state which would use the proceeds from their sale to maintain a col’ege to teach agriculture and the “mechanic arts.” It was in 1865 that Indiana took the first step and decided to locate the institution in Lafayette and accept $150,000 from John Purdue. $50,000 from Tippecanoe county and 100 acres of land from local residents. In September of 1864 classes began with six instructors and 39 students. Truly the university has proved its worth as it has grown throughout the last 100 years and truly it deserves our congratulations and our praise.

ing and matches are the leading cause of building fires in the United States, resulting in 25 to 30 times as many fires as miscellaneous and unclassified explosions. During the past few years, there have been an average of nearly one million building fires annually, with an annual economic loss exceeding $1.5 billion, the ILL adds. And one of every six building fires is caused by careless smoking habits. So remember to handle cigarettes with care — use ash trays, don’t smoke in bed and be sure ashes are out before depositing them in trash cans. l •

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Know Your Indiana Law By JOHN J. DILLON Attorney at Law

This is a public service article explaining provisions of Indiana law in general terms.

Your Protection In The Purchase Os Securities

More and more people today are making investments in stocks and bonds. They may purchase in one of two ways—from a stockbroker that they know or have an account with or from a security salesman who happens to come to them directly. The individual may be selling stock in a company that is listed on one of the so-called big boards (The American Stock Exchange or the New York Stock Exchange), or he may be selling over-the-counter securities. Over - the - counter stock is that which is not listed on one of the major exchanges. The sale of securities is regulated by both the federal government and the state of Indiana. The Securities and Exchange Commission (SEC) regulates the sale of securities in inter-state commerce. In other words, that stock which is sold across state lines is regulated by the federal government. The state of Indiana through the Securities Commissioner of

HOOSIER DAY Old Papers Have Added Value By FRANK WHITE » By John V. Sellers Guest Columnist

Indiana regulates the sale of intra-state stock or that stock a -which is only sold- within the state of Indiana. Secruities which are sold in inter-state commerce are required to be registered with the SEC and that stock which is sold in the state of Indiana, which is only within the intra-state market is required to be registered with the Securities Commissioner of Indiana. Those two agencys are required to police the industry and to prevent fraudulent practices. In Indiana, it is unlawful for any person, in the sale of a security, to employ any device or scheme to defraud; or to make any untrue statements of a material fact; or to omit to state a material fact necessary in,order to make the statement, in light of the circumstances, not misleading; or to engage in any act or practice or course of business which operates or would operate as a fraud or deceit upon any person.

TODAY’S newspapers, read and discarded by most of us, would take on added value with each passing month and year, were they saved. For 164 years Indiana editors Ijave chronicled, day-by-day, events of their communities. Files of their papers represent what is the best and most detailed historical records available. From that day back in July 1804. when Elihu Stout found the Indiana Gazette, at Vincennes, the state’s first newspaper, publishers and state’s libraries have accumulated bulky newspaper files. But for microfilming these files would have literally crowded them from their offices. Early Indiana newspapers were printed on rag paper that could be preserved for years. Today’s papers are on paper made from wood pulp that gets brittle with age. Lawrie G. Meldrum, 209 west 16th street, Connersville, receives and saves copies of most of Indiana’s 300 daily and weekly newspapers. He is acting head of the Indiana library’s archives and newspaper division. He is successor to Miss Margaret Pierson who recently retired after 26 years as state archivist. His newspapers date back to Tuesday, Aug. 7, 1804, Volume I No. 2 edition of the Indiana Gazette, then printed on St. Louis street, Vincennes. Meldrum’s department has copies of many of

There are important things for one to remember in the purchase of stock. If a person, has a question about the background or the reliability of the person who is selling the stock or about the prospectus involved, they can obtain information from the Sucurities Commissioner of Indiana, intra-state sales or from the Securities and Exchange Commission in Washington, D. C., if it is a sale in inter-state commerce.

Jo and Social Security Q—l just received a social security check for several hundred dollars without any explanation. What should I do about it? A—Checks for retroactive benefit increases are sometimes released before the letter of explanation. If you do not receive the explanation within two weeks, contact the social security office- Anyone receiving a duplicate check for the same month should contact their social security office promptly and return one of the checks.

the state’s papers printed since that date. HE KEEPS an orderly newspaper file on 10,000 reels of micro film. He is also custodian of official. records of the state, military records through World War I, early land records of the federal government and county records turned over to the archives. The state’s archives collection occupies 30,000 square feet and consists of 15,000 volumes, nine million manuscripts of permanent records, and 10 million records of a temporary nature. All are housed in the state warehouse, 601 Kentucky avenue, Indianapolis. Also in the collection are 6,000 reels of microfilmed records. Meldrum and the Commission of Public Records appraise and select records worthy of preservation and also with caution destroy those of expired value. They safeguard continuity of government. INDIANA HAS a law that no public record is to be destroyed unless it is at least three years old. Prime historical documents like most valuable of all, the state Constitution of 1816 and its 1851 revision, are preserved in a safe within a vault. The archives division is intentively used. Some 600 requests a month on Civil War records are received. Around 1,200 typed certificates on Indiana war

TO SPEND $12.7 MILLION The United Telephone Company of Indiana, Inc., with general offices in WARSAW, has announced its planned construction expenditures for 1969. J. C. CLUEN, president of the firm, states that United will spend its several districts. :S « * CLAIMS REMAIN STEADY — Indiana's UNEMPLOYMENT INSURANCE CLAIMS total REMAINED fairly STEADY last week at 27,024, down slightly from the 27,497 figures of the week before. None of the layoffs reported last week involved a large number of workers. s s * GENERAL ASSEMBLY AT HALF-WAY POINT — The 96th INDIANA GENERAL ASSEMBLY has reached the halfway mark with NO bills reaching the Governor's desk thus far- However, within the House of Representatives, on the day before the deadline for introduction of bills, OVER 850 BILLS had been presented, yet none of these bills were past the second reading in the second house. $$ * . ANNIVERSARY SPEAKER — Clifford M. Hardin, U. S. Secretary of Agriculture, will be the

Still Time To Start Farm Records

LAFAYETTE — It’s not too late to start keeping accurate farm records for 1969, points out F. V. Smith, Purdue university extension agricultural economist. Farmers need accurate records of their business now more than ever, he adds. A recent development in record keeping is the computerized tabulation and summarization of farm records. Several commercial firms in Indiana now offer this service. Purdue’s extension farm account project which also uses a computer will be continued in on a pay basis for a limited number of cooperators. Regardless of whether a farmer will use a conventional record book or enroll in a commercial project, he must first decide what uses he wishes to make o f these records and keep them in a way they will fill that need. For example, every farmer needs to keep records of his farm business so that information needed to prepare income tax reports will be complete, accurate and readily available. Smith points out there are four basic types of records needed for income tax purposes, listing: “An itemized depreciation schedule to enable the farmer to deduct all of the depreciation allowable under tax regulations. “A basic set of farm record" with provision for recording items of farm income under headings comparable to the categor-

Hartke Wants Department Os Peace

principal speaker for the Indiana Farm Bureau’s GOLDEN ANNIVERSARY in Indianapolis on March 19. The secretary's first official visit. to Indiana was announced by Gecrge Doup, Columbus, president of the state's largest farm organization. The golden anniversary dinner WILL BE SERVED TO MORE THAN 10,000 MEMBERS and guests of the Indiana Farm Bureau beginning at 5 p.m. in the cattle barn at the fairgrounds. The EDDY ARNOLD show will follow at 7 p.mHARTKE CONTINUES QUEST — Senator Vance Hartke said on Thursday that he will CONTINUE to PRESS for speedy congressional passage of a DEPARTMENT OF PEACE bill despite the initial adverse reaction from PRESIDENT RICHARD M. NIXON. Senator Hartke introduced legislation calling for the department on Friday. SENATOR HARTKE said he realizes that pressures are being brought to bear upon PRESIDENT NIXON early in his administration to continue the present policy. However, Senator Hartke believes that Nixon is a man who will respond to the will of the people when it is successfully presented.

ies on the Federal Income Tax forms. “Records with provision for itemizing farm expenses under headings comparable to the classification on the Federal tax form. “If taxes are filed under the accrual method, provision must be made for recording inventories at the beginning and end of the year for feed, grain, supplies and livestock. Annual inventories are worth while even though taxes are not reported on the accrual basis.” Two record books are available for a nominal fee from the Agricultural Economics Department, Krannert building, Purdue university, Lafayette, Ind. 47907, or from county Cooperative Extension offices. They are the Indiana Farm Record book, designed principally for use when farm records ' are kept mainly for income tax use, and the Indiana Farm Account book, also designed for income tax use and, in addition, which provides for recording inventories, receipts and expenses for both tenant and landlord, or both a father and a son, are kept in the same book, data are readily available for periodic settlements between the parties. Smith suggests that first-of-the-year inventories be completed as soon as possible and that the depreciation schedule be brought up-to-date. Don’t put off recording receipts and expenditures and have to depend on memory, he urges.

veterans are prepared annually. Mtldrum indexes records so information files can more easily be found. An individual searching thru the state’s archives got trace of a long lost heir. The discovery was worth $17,000 inheritance to the “missing relative”. A WORRIED man searched endless hours through old records for a technicality that saved his brother from the electric chair. A Canadian wrote to the division to find possible tie between the Indiana Ku Klux Klan and a splinter movement in Saskatchewan. Archives are widely and constantly used. Archive reocrds aided the architect in planning the new State Office building: they settled a controversy over repaving Monument Circle; they were evidence in a contractor suit to recover $5 million in gross income taxes and other instances. Microfilming helps but cannot fully replace original records like the Constitution. Aware of chance of errors in historical writings, lawyers, judges and scholars want original records. They take nothing for granted. EVERYTHING that occurs throughout the world affects archives, Meldrum said. He pointed out that this division is certainly not a storehouse for “dead records”. On the contrary, it is a collection of history in the making.