The Mail-Journal, Volume 9, Number 31, Milford, Kosciusko County, 30 August 1972 — Page 4

The Mail Journal PUBLISHED EVERY WEDNESDAY The Milford Mail (EsL 1888) Syracuse-Wawasee Journal (EsL 1907) Consolidated Into The Mail-Journal Feb. 15, 1962

DEMOCRATIC ARCHIBALD E. BAUMGARTNER, Editor and Publisher DELLA BAUMGARTNER, Business Manager Box 8 Syracuse, Ind., — 46567

Schools Open Tuesday

The Lakeland schools will open their doors to some 3,000 students next Tuesday morning and motorists are urged to drive with extra alertness when they are approaching school zones. While mothers and car pools are used to transport youngsters living in town to and from school during cold and rainy weather many children walk when the weather is nice. Hundreds of students in the three Lakeland schools — Milford, North Webster and Syracuse — will be walking to school in the next few weeks as summer makes it’s last fling. Many of these youngsters will be first graders and kindergarten students who are making the trip to and from school for the first time. They have been told by their parents and will be told by

Good Luck Warriors!

Area merchants ana businessmen are joining us in sending good luck wishes to the Wawasee Warriors on the opening of their 1972 football season. Hie Warriors played in the football jamboree last Friday night and will open their regular season with a home game this coming Friday, Sept. 1, when they meet the Chargers from West Noble. A huge crowd is expected to be on

Summer's Good For . . .

Those who have been waiting for real summertime to arrive, surely were satisfied with the hot days we had last week. Os course, the high humidity really wasn’t required to let us know that summer had arrived. But, what is summer good for?

MacArthur Medal Honors Anniversary

On the occasion of the 30th anniversary of his forced departure from the Philippines, The International Numismatic Agency, 96 Prince Street, New York, New York 10012, is issuing a new commemorative medallion honoring General Douglas MacArthur. The new medal has been designed by Paul Calle, United States Postal Service artist. The medal will measure 64mm in diameter and will be sculpted by Joseph Di Lorenzo. Mr. Di Lorenzo served under MacArthur in the Philippines. The MacArthur medal is being minted at the Medallic Art Company of New York Qty, official mint for many of the recent Presidential Inaugural Medals. It is being struck in the large 64mm or 2%inch size in bronze and silver and is now available for immediate delivery in the following editions. Bronze; struck in solid bronze planchets, traditional antique patina. Silver; struck on pure silver planchets, hallmarked and serially numbered. Only 5,000 wiD be struck. Matched set; first 500 bronze specimens are torched and serially numbered, in crafted display chest and easel. Silver and bronze sets win bear identical numbers. The new medallion features a full portrait of MacArthur framed against the American Eagle symbol on the face of the medal. The reverse portrays his famous return to the Philippines when America was on the path to victory in her war with Japan. The portrait used is based on Paul Calle’s famous commemorative postage stamp for the United States Postal Service. + + + The world’s most beautiful medal, is said to be Pistrucci Waterloo medal. It has been on

EDITORIALS

display at various banks throughout the country. The Waterloo medal was created more than 100 years ago by the great Italian medalist Bendetto Pistrucci, who also created the “St. George and the Dragon” design for British coins. The medal is being reproduced in the size. Only 5,000 are being struck. The medal will be struck only in solid sterling silver. Collectors can secure details on ordering

& THE EDITOR

More Facts On Auction

Dear Editor, In reference to the Kosciusko county 4-H livestock auction, a few more facts need to be presented. One is that the local dub, the Community Hands 4-H dub, is for all to join whether they take a project in beef, lambs, barrows, photography, electricity, woodworking, beekeeping, etc. Secondly although Augsburger’s was the only Syracuse merchant that bought steers, and this we are thankful for their support, there were two other Syracuse merchants that bought livestock. They were the State Bank of Syracuse and Klink’s Market. The price that was paid for a barrow in a number of cases cost both the above merchants as much as it cost the local buyer for a steer. This sad situation rose from the problem that with only

their "teachers to always stop and look both directions before crossing the street, but they are young and they will forget, therefore, it is important that all motorists in school areas be extra alert and keep a close watch out for these tots. This safe driving appeal also applies to all high school students who drive to and from Wawasee high school. We urge you to remember that you too were young once and people had to watch out for you. When you applied for and were given a driver’s license the state of Indiana recognized you as a young adult capable of accepting responsibilities. Now, it’s up to you to prove that you capable of handling those responsibilities that come with driving a car.

hand at the Warrior’s fieia Friday night to cheer for coach Don Storey and his Warriors. Included in the Wawasee schedule this year are games with Rochester, Goshen, Bremen, Fairfield, Plymouth, Concord, Manchester, North Wood and Warsaw. The Plymouth game will be homecoming while the Warsaw game will be parents’ recognition night.

Well. Summer’s good for — going barefoot — going swimming — eating ice cream — sunbathing — vacations — being lazy — walking about — girl watching — pulling weeds — playing golf — using ice cubes — sitting in the shade — and. of course, perspiring. —Danville Gazette

the medal from their local banks. If they do not have the necessary information write to The Citizen Bank and Trust Co., Park Ridge, Illinois. + + + The Republic of Liberia, Africa’s oldest democracy, will issue another coin set in 1972. The set is six pieces; one dollar, 50 cents, 25 cents, 10 cents, 5 cents and 1 cent. This year marks the sesquicentennial of Liberia’s founding in 1822 by the freed American slaves. Exclusive American distributor for the coins is Paramount International Coin Corporation, Paramount Buildings, Englewood, Olio 45322.

one bidder for some steers, the young lady or man had no opportunity to receive little more than market price for their steer. The real purpose of the livestock auction is to give the young people of our community a financial start in life whether it be in education or business. New business in a community adds dollars and jobs to that community. We are sure there are more local merchants that are interested in new business in the community than just Augsburger’s, State Bank of Syracuse and Klink’s Market. Let’s hear from all the merchants next year that are interested in helping these young pepole. Stanley Hoopingarner, Community Hands 4-H Club Leader Advisory Council

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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.

'Prospectus'

Anyone who has casually examined the financial page of their newspaper has noticed ads concerning the sale of stock in various business enterprises. The reader will also note a statement to the effect that “the securities are offered only by means of the prospectus” and that the announcement in the newspaper is neither an offer to sell nor a solicitation of any offer to buy.

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— Special Report from Washington — BOMBING CLAIMS DISPUTED By Jack Anderson 1972 Pulitzer Prize Winner* for National Reporting (Copyright, 1972, by United Feature Syndicate, Inc.)

WASH INGTON - Henry Kissinger’s staff is privately questioning the accuracy of recent military reports ballyhooing the effectiveness of U.S. bombing of North Vietnam. These reports claim the bombing has caused massive disruption of Hanoi’s supply line. But other intelligence sources, particularly the CIA, have filed reports that dispute these claims. Aerial photographs show no backup of supplies on the Chinese side of the border. This indicates the supplies are flowing freely into North Vietnam. In addition, say the CIA reports, Hanoi still finds it unnecessary to ration food and fuel. Meanwhile, civilian casualties in at least one region in South Vietnam are going up since the South Vietnamese began to take control of American fire power. A secret report directed to the U.S. high command in Vietnam charges that the Saigon troops in the Binh Dinh area indiscriminately called for American bombing and naval gun fire. The report says the South Vietnam commanders have little regard for the devastating effect the bombing has upon the civilian population. A U.S. army team has been sent to investigate.

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This disclaimer is ordinarily confusing to the unsophisticated stock purchaser because it appears that the ad certainly is an offer to sell the stock mentioned. What the newspaper proports to convey is that if a person is interested in buying these securities or shares of stock then he can get complete information on the stock by obtaining a prospectus.

GROOMING THE CANDIDATES The politicians, in this age of long hair, have become suddenly hair conscious. Lyndon Johnson came into office sporting a plastereddown look reminiscent of the 1930’5. By the time he retired to Texas, however, his hair was long in back and creeping over his ears. He had the modem “dry look”. Richard Nixon assumed the presidency wearing his hair in the slicked-down style. Soon, however, his barber got into tax trouble, and Nixon dumped him in favor of a tonsorial artist more attuned to the styles of the day. The new barber. Milton Pitts, threw out the oils and goo, clipped the President’s curly ends, and gave him a sculptured, razor cut. Pitts now visits the White House about once a week to keep the President’s new “natural look” in trim. The Democratic candidate for President, Senator George McGovern, frequents a salon called “Hair, Incorporated,” located in Washington’s fashionable Georgetown section. McGovern gets the standard treatment. His hair is shampooed. given a “layered” scissors cut, and carefully dried with a hand-held dryer. He is particularly concerned about his receding hair line. His stylist, as a result, makes

A prospectus is published by a corporation attempting to sell shares of stock or securities created by the corporation setting forth the nature and objects of the securities issue and inviting the public to subscribe to the issue. Tliis document must give a highly detailed statement of the conditions of the corporation and the nature of the security offering. The preparation of these documents is an art in itself as they must strictly comply with the state law under which they are issued or if it is an interstate offering under die rules, regulations and law administered by the Securities and Exchange Commission. Tn Indiana., the law in great detail sets out the minimum requirements for a prospectus or offering circular to be used in connection with the sale of stock. Detailed information about every director and officer of the issuror must be sent out together with the personal and past business history of 'these persons for a

the most of what the Senator has by applying a hair conditioner called “thicken-up.” WOOING THE ELDERLY The Nixon Administration’s wide lead in the polls reflects the fact that the Republicans have been making inroads with traditional Democratic voters. The South is moving rapidly toward the GOP and the ethnic, blue-collar vote may soon follow. But there is one traditional Republican bloc that has been slipping toward the Democrats. Republican strategists are increasingly concerned about the party’s ability to win the elderly vote. In the past, senior citizens have always favored the GOP. In 1956, for example, the party got an estimated 61 percent of their votes. But four years ago, the percentage had slipped to below 50 percent. The reason seems to be that the aging are acting like other American minorities. ‘They have grown militant and are organizing to make their demands heard. The Republican National Committee has now prepared a special manual for all the party’s candidates warning them not to fokget the elderly. “The unique, special problems of growing old?\in America, the manual says, “have sparked the emergence of the oversixty generation into a strong political bloc with the power to make or break a campaign.” The manual also points out that unlike some noisy minorities. the elderly always turn out on election day. Eightyfour percent are registered to vote and 70 percent vote regularly. There are now 20 million senior citizens. If they swing heavily toward one party, their votes could decide the presidency. DILEMMA IN YEMEN The Soviet Union has been

Rural Areas Show Signs Os Growth

WASHINGTON - The move from farm to city may be coming to a halt, a new era of economic and social growth for rural America may already be launched.. These are two conclusions to be drawn from various reports on the progress of rural America, from the arid stretches of the Southwest to the green fields of the Southeast. They also are indications that the much talked about goals of rural development are beginning to emerge as realized accomplishments for an increasing number of communities. Some signs of the recharged energies within rural areas are: — More jobs: During the 1960’s nonfarm jobs increased by 39 per cent in the countryside, a slightly better rate than the 34 per cent increase in metropolitan areas. This growth rate has been high in completely rural counties as well

period of ten years proceeding the prospectus. Every significant transaction which would effect the corporation issuing the stock or the issue itself must be set out in detail in the prospectus. Complete information concoming any stockholder who owns ten per cent or mere of the outstanding shares or equity in the corporation must be provided even if that person is not an officer or director. The capitalization, general financial condition, long-term debt and any other significant financial relationship that the corporation issuing the stock has entered into must be set out and explained in the prospectus. In addition to these requirements the prospectus must set out the kind and amount of securities offered, tiie offering price, how the price is computed and any variation from that price that has been provided for persons or classes of persons other than those of the prospectus attempts to reach. Many more details are required in every prospectus for it to be acceptable under the laws of Indiana and to obtain approval of the Securities Commissioner. Any person wishing to buy a public offering of stock should obtain a prospectus and study it veiy carefully as even an unsophisticated investor can be helped in arriving at the determination of whether he wants to buy the stock offering or not by reading this document. Copyright 1972 by John J. Dillon

ushered out of Egypt, but their problems in the Middle East are far from over. They are deeply involved in a littlepublicized civil war now going on between North and South Yemen. And it’s unlikely they will be able to extricate themselves without getting burned. The two Yemens lie at the tip of the Arab Peninsula where the Red Sea meets the Gulf of Aden. A fairly moderate government rules North Yemen, formally known as the Yemen Arab Republic. But in South Yemen, otherwise known as the People’s Democratic Republic of Yemen, a radical government holds power. When the radicals took ever in 1969, after kicking out a more moderate government, the Russians began to gaze on South Yemen with greedy eyes. For perched at the very tip of the country lies the Port of Aden, which was one of the world’s largest oil bunker ports when the Suez Canal was open. It now lies dormant, but it is a potential bonanza for whoever controls it if the Suez re-opens. ■ t So with their eyes fixed on Aden, the Soviets began pumping aid and advisors into South Yemen. Most of Russia’s Arab allies, however, are opposed to South Yemen. The Soviet assistance, therefore, has weakened their relationships with their other Arab friends. But Russia’s real problems began when the two Yemens recently began feuding. The Soviet Union, it seems, also has advisors in North Yemen. In the event of war, which intelligence reports predict is imminent, the Russians would be left in the unenviable position of having their military experts advising both sides in the same war. The Soviets can't lose that way. but they can’t win either.

as in those with cities of up to 50,000 population. — Farm-exodus ending: The farm population has dropped to fewer than 9% million persons. With so few people remaining on tiie Nation’s farms, little further decline in tiie population is possible. As the farm-to-city migration dwindles to a negligible level, continued gains in nonagricultural jobs will have a more visible impact on the overall economy and population of rural areas. — Greater Federal commitinent to rural areas: The government is stepping up its investment in rural America manyfold. For example, funds earmarked for housing in rural areas amount to $2.2 billion this year, four times the 1969 level; sewer and water programs are allocated $342 million this year, nearly twice the 1969 level. Total funds devoted to rural development efforts by the Department of Agriculture will amount to $3.5 billion this year — four times the level in 1961 and twice as much as in 1969. More important than the statistics or the governmental expenditures, however, is the determined individual in community after rural community who resolves to solve the problem on his own, who takes action to set his own neighborhood on the road to progress. ~~ In Tulia, Texas, for example, local leaders set out to combat decaying businesses, blighted housing. As a result of their efforts, the community has 386 new low-cost homes and jobs and incomes are up because of the construction work. In North Carolina, citizens mounted a driver education campaign as a small but vital part of their statewide effort to connect more rural workers with more better paying jobs.

Social Security And You Q — I never worked under social security but I get monthly social security checks as a widow. Will I be entitled to Medicare when I am 65? A— Yes. You are eligible for Medicare at 65. Anyone who is entitled to social security retirement checks at 65 is also eligible for Medicare.