The Mail-Journal, Volume 21, Number 34, Milford, Kosciusko County, 5 September 1984 — Page 13

Scholarships available through the National 4-H Council

By RONALD W. HOYT Extension Agent 4-H and Youth College freshmen who are current, or past, 4-H members are reminded that September 1 is the deadline for application for many college scholarship programs available through the National 4-H Council. Applications are available from the county extension office and should be mailed directly to the State 4-H Office at Purdue University. The following scholarships are currently available and have September 1 application deadlines: Agricultural Scholarshipis a SI,OOO scholarship provided by the Educational Foundation of Alpha Gamma Rho. Applicants must be planning to enroll in freshman year of college in the fall of 1984 and be planing to pursue a degree program in agriculture, forestry, veterinary medicine or a closely related field. Animal Science Scholarshipis a SI,OOO scholarship provided by Wayne Feed Division of Continental Grain Company. Applicants must be planning to enroll in the junior year of college in the fall of 1984 and plan to major in animal science.

Grandparents’ Day is for kids, •• IvJvz* When your kids give their grandparents a big bouquet of flowers or a lovely green plant this September 9. they 're going to get back something very precious. Lots of love and hugs and kisses And that's why Grandparents Day is a special day for kids, too! Grandparents' Day. September 9 Smith’s Flower & Gift Shop 506 W. Section St. — 658-4686 Milford Located 2 Blocks South And 2 Blocks West Os Stoplight On 15 Hours: 9-5;30 Mon.-Fri., 9-5 Sat. A Flotver Is Worth A Thousand Words.

Blv n®’* #*><. A Take Advantage ' Os These Tremendous Savings! WMONTHS SAME AS CASH || I'l To Qualified StfyenPwrchating *2ooOf *1(1 fl MorchandlM Or Moro, iw *o FINANCE charge H-/A A Months Terms Are Good Never * Delivery Charge tim. i»Heer*eUo«M NO PAYMENT ‘TIL MAR. 'BS &, uUwttson ffu/wittMe SaU&neA, 11TB. Ceeter St. Dewetew Warsaw

4-H Career Scholarshipis a $750 scholarship arranged by the Gertrude L. Warren Fund. Applicant must be planning to enroll in the freshman year at an accredited college, university, trade or technical school this fall and have been influenced by 4-H in selecJ . ting a future career. College Scholarshipis a SI,OOO award provided by the Edwin T. Meredith Foundation. Applicant must be planning to enroll in the freshman year this fall and plan to pursue a four year degree program Dairy Goat Scholarshipis a SI,OOO scholarship awarded by the American Dairy Goat Association. Applicant must be a high school senior or college freshman in the fall of 1984. The applicant must be planning to pursue a degree program in agriculture, home economics or a closely related field. 4-H Career Scholarshipis a SI,OOO award provided by Who's WHo Among Americah High School Students. Applicants must be planning to enroll for the freshman year at an accredited college, university, technical or trade school in the fall of 1984. There are other 4-H scholarships available to qualified applicants. These include the DeKalb Agriculture Careers Scholarship. Veterinary Science Scholarships, the Indiana State 4-H Scholarship, the Scholarship Award of Excellence, the TobeCoburn Scholarship, the JT. Eafbn Scholarship and the Van Waters and Rogers Scholarship. These programs all have application deadlines at other times during the year In addition to the above mentioned criteria, applicants must be current or past 4-H members to be eligible for these scholarship programs Please contact the county extension office for additional information or applications Similar The biggest trouble with success these days is that the recipe is just about the same as that for a nervous breakdown Pilot, Norfolk

LIVING QUARTERS > PATIO SPECIALISTS SUMMER CLEARANCE 20-50% OFF PATIO FURNITURE St. Rd. 13 South — Syracuse, Ind. Hours Mon Through Sat 930T0 530 ni| s jlE 1 ? Onnfl Closed Sunday PH.

ARTISTS RENDERING — Shown in the photo is an artists rendering of the anticipated Wawasee-Spink Condominium soon to be a reality on the North Shore of Lake Wawasee. There are 32 spacious units planned in the old hotel building, recently known as the Wawasee Prep School. Architects for the project are Designmasters of LaGrange and marketing agents are Miller Brothers Realty, Syracuse.

From the Syracuse police log — Vandalism to mailbox reported

August 29 10:45 a m. - Officer advised B&O the gates are going up and down 6:26 p.m. — Subject requested an officer reference civil disturbance * 7:03 p.m. - Property damage accident reported at Thornburg* parking lot 7:33 p.m. - Report of a fight at Heyde Station ‘ 10:28 p.m. — Subject requested, information reference was to appear in traffic court tonight 11:11 p.m. — Subject called in reference to crying baby August 30 12:32 a m. - Officer requested for Goshen Police Department to meet him in Benton for transportation for two subjects to goshen 2:06 a m - North Webster called asked if dispatcher picked up Channel nine emergency call, we could not her it either 5:12 p.m. — Subject advised his

vehicle was disabled last night, vehicle now gone 6:01 p.m. - Subject advised found plate that was reported on August 28 8:43 p.m. — Report of kids running through yards making a lot of noise August 31 1:55 a.m. — Subject advised of a possible breaking and entering on Kale Island 7:08 p.m. - Subject advised person left Lakeland Standard without paying for gas 9:01 p.m — Requested officer for domestic problem 9:48 p.m. — Subject wishes to speak with an officer 10:23 p.m - Subject requested an officer in reference to vandalism of mailbox 11:39 p.m. - Subject advised of a subject threatening son September 1 1:30 a m. — Subject requested information on her husband missing, he is drinking at area tavern 9:05 a m. - Subject requested information on child restraint laws 10:44 a m. — Subject advised that two young subjects were shooting at ducks 3:52 p.m. — Subject advised went fishing early this morning has not returned, possibly on both lakes September 2 3:05 a m. - Guard from Vylactos advised two youths broke windows at Liquor Locker and possibly railroad light 3:12 a m. - Guard from Liberty Homes advised someone threw flood light through window 3:24 p.m. — Subject on station reference vandalism to bike reference last night 4:31 p.m. — Report of shots be-

ing fired in area of railroad tracks on Main 8:58 p.m. - Report of vehicle going through yard, doing damage September 3 4:26 a. m. - Officer advised of a transformer blowing 10:25 a.m. — Kosciusko County with information reference stolen vehicle 4:18 p.m. - Party on station advised there is a lot of broken glass on Chicago Street up by high school September 4 8:34 a m. — Property damage accident reported on SyracuseMilford Road 1:08 p.m. — Officer requested contact state highway reference stop sign down at Palm Drive and SR 13 2:08 p.m. — Subject called reference did we find his lost plate 11:51 p.m. — Goshen Police Department advised has information on runaway 3 false alarms at Syracuse Syracuse Firemen were called on three separate occasions to the Don Todd residence, near South Shore Condominiums, Lake Wawasee. Firemen were called at 1:26 p m., Tuesday, Sept. 4, and at 12:43 a m. and 4:38 a m. today (Wednesday). The fire department was contacted by an automatic phone alarm. In all three instances no fire was found after the property was checked.

Financial Planning By Robert D. Anweiler Certified Public Accountant

Corporate myths

There are many reasons why people feel they should incorporate their businesses. Very often these reasons are based on misinformation about-the advantages of being a corporation. There are a number of things that being a corporation will not do for you. It will not automatically make you more profitable. It will not necessarily limit your liability on all transactions. It will not necessarily t reduce your overall tax bill; it may, in fact, increase it. If you incorporate an existing business, you may find that your long established suppliers now require new financial statement information. They may also request that you sign personally as a guarantor of the corporation’s line of credit) with their company. Most closely held corporations

Bowling

U Milford Business « Milford Motors 11 1 Kentucky Fried Chicken 11 1 Sleepy Owl 11 1 Johncock & Brayton 8 4 Family Fare 8 4 Lakers 8 4 Chore Time 8 4 Shue's 8 4 Sharp's 7 5 Eagles 7 5 Webster Vans 6 4 Henschein Oil 5 7 Wutrichs & Sons 4 8 Campbell's Market 4 8 North Webster Legion 4 8 Mathews ‘ 3 9 Dana 3 9 Frost Antenna 1 11 No. 13 111 U.A.W. 0 12 High team game and series: Sleepy Owl — 903 2651 600 series: M Harrington 611 500 series: L Mast 511. G. Nicoli 505, D Butler 515. B Conrad 506, D Orn 550, Jones 519, Kunner 566. G Freibert 510, B Hayner 577, Harting 517, D Dewitt 587, S Black 502, P Beezley 507. D Weisser 518, T. Loucks 511. J. Smeltzer 523. J Bartman 519. K Mathews 552 200 games: K. Mathews 206, D Kern 204. D Stahly 205. A Gammiere 205. J Smeltzer 208. J Bartman 201. J. Lowe 210. P Beezley 200. B Hayner 212. D Dewitt 238. Jones 217. Lawson 202, M Harrington 218. 209. K Mathews 206 THURSDAY NIGHT LADIES Lake City Bank 4 1 Kidd's • 3 1 Louie's ' 3 1 Golden Razor 3 1 Buy Rite 3 1 Monsanto 3 1 Jones 3 ’ Three Flags - 3 1 Stop Inn 3 1 Thornburg's 3 1 Liberty Homes I 3 Beacon 1 3 Pilcher's 1 3 Wawasee Bowl I 3 Wallace Welding 1 3

• Wed., September 5,1984 — THE MAIL-JOURNAL

are required to have the personal guarantee of the major shareholders in securing a line of bank credit for corporation purposes. This guarantee has the effect of not limiting your liability in reference to those bank loans. While attempting to reduce business income tax, you may find that the incorporation of your business has not only increased the actual income tax bill, but also increased employment taxes because you would now be an employee of the corporation subject to social security and other payroll taxes. There is an income tax election that allows certain qualifying corporations to be taxed basically as though it were a partnership. This is referred to as a Subchapter “S” election. The Sub-S

Lake City Bank I 1 3 Sandi's Clip & Curl 1 3 Stanley Steemer 1 3 Footloose 1 3 Dana 0 4 High team game & series: Kidd's—- — 7352 500 series: J Brown 549, L Rife 528. H Taylor 521, J Reed 519, C. Miller 509, S. Eby 515. N Anderson 514, Y. Coburn 506. B. Gross 506 450 series: D Long 453. D Fink 450, D Coburn 450. K Southern 466. S. Kern 465, S Gilbert 456, R Gerrity 476. N. Bennett 482, C. Schwalm 474. D Walton 470. C. Boyd 496. B Kilgore 457, J. Mullet 452. 200 games: J. Brown 253, C. Miller 218, J. Reed 202, L Rife 218. 170 games: D Walton 181. C. Boyd 187, J Mullet 171, D Long 186. D Coburn 186, R Gerrity 187, S Gilbert 179. B Miller 177, N. Bennett 183. J Kausal 172, N Shields 178, N Anderson 185, S Eby 174, 176, B Gross 197, H Taylor 189, 179, Y. Coburn 177 Tuesday Nite Ladies DPP's 6 2 Go Getter's 6 2 The 3 Delights 5 3 Margarita's 5 3 Grannies & The Kids 44 The Chumps 4 4 Cocinero’s 4 4 Alley Cats 3 5 Misfitts 2 6 No 5 17 High team game and series: Go Geter's — 501 1375 450 series P Blosser 471, D Glon 466, J Ryman 458. S Gilbert 464, E Wogoman 467 M. Lambright 469 160 games: P. Blosser 161,185, D. Glon 174, 167, C Byrd 171, J. Ryman 176. S. Gilbert 184. E Wogoman 164, T. Swihart 161, M. Lam bright 163 Try it If you think fascism can rule America try telling your wife that your first duty is to the State instead of her. Times, Louisville

corporate tax election allows most corporate gains and losses and tax credits to pass directly to the shareholders. The corporation functions in the same legal capacity as any other corporation, yet has the income tax consequences passed to the shareholders, prorata. Because of the increased costs of operating as a corporate entity, and because of the many legal and tax considerations, I suggest that anyone considering incorporating discuss the matter with both their accountant and attorney. Syracuse police investigate accidents Syracuse Police investigated a one-vehicle accident at 9:24 p.m. oft .Friday, Aug. 24. David Henson/Milford, was traveling east on Pittsburg Street and didn’t stop for the stop sign at the corner of Pittsburg and Seventh Street. The Henson vehicle proceeded across Seventh Street and into Sea Nymph parking lot where he hit a liquid urethane tank, damaging the right front corner of his vehicle. Henson then took off onto Seventh Street before stopping his vehicle at 724 Baltimore St. He then left the scene on foot. Damage to the Henson vehicle was estimated between $2,500-$5,000. Other Accidents Reinold Tytler, Syracuse and Mitzie Henson, Cromwell, were involved in an accident at Thornburg Drugs, Wawasee Village, Syracuse, at 7:03 p.m. on Wednesday, Aug. 29. Tytler was backing out of Thornburg’s parking lot and hit Henson’s westbound vehicle. No damage figures were released. On Friday, Aug. 31, at 3:15 p.m., Syracuse Police investigated an accident involving Melinda Wakeland, Syracuse. She was backing south from a parking space and hit the left door and quarter panel of Keeman Lobsiger’s vehicle. Lobsinger is from Syracuse. No damage estimates were available. Complaints Syracuse Police answered two complaint calls last week. On Sunday, Sept. 2, at 3:12 am., Dean Stump reported someone threw a /loor lamp through a at Liberty Homes, Inc., Syracuse. Someone was also reported to have broken a window at the Liquor Locker and one railroad crossing light at 3:05 am., on Sunday, Sept. 2. Sharp's loses IH implement contract According to Dennis Sharp, Sharp’s Hardware of Milford, has lost what was a contract of 75 or 76 years duration with International Harvester. Sharp stated that several, reasons were involved in Harvester changing its “dealer setup,’’ but would not elaborate. He explained that a letter had been sent to each of the hardware’s farm implement customers explaining the change. “We’re just going to continue on,” he said, “with the parts and service, and we’ll continue furnishing equipment (farm implements) from other dealers.” He added, “As far as most customers are concerned, they probably won’t notice any change in our business or our business structure.” 7 win awards in photography Kosciusko County 4-H’ers earned a total of seven awards at the Indiana State Fair for /their outstanding work in photography. Curtis Boggs, Pierceton, won a red ribbon for a display of 10 black and white beginner's pictures and Krista Teeple, Leesburg, won a white ribbon in the black and white advanced division. Terri Harbridge, Warsaw, received a white ribbon in 10 color beginner’s prints. Matt Brown won a red ribbon in 10 color prints advanced and Brian Pyle, Mentone, won a blue ribbon for 12 color slides, advanced. Duane Kline, Claypool, won a red ribbon for his black and white salon print and Laralee Bale won a red ribbon for her color salon print.

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