Cumberland Sunday Times from Cumberland, Maryland on February 18, 1945 · Page 7
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Cumberland Sunday Times from Cumberland, Maryland · Page 7

Cumberland, Maryland
Issue Date:
Sunday, February 18, 1945
Page 7
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I. •ti | 1 '% SUNDAY TIMES, CUMBERLAND, AID., SUNDAY, 'FEBRUARY IS, " 1945 DREW PEARSON > ON e WASHINGTON MERRY-GO-ROUND Army Will Keep War Plants At High Gear After Defeat of Germany; Admiral Nimilz Praises West Coast Labor; Washing-ton Is City of Human Contrasts. Washington, Feb. 17—It ha.s all teen kept very hush-hush, but top Army officials have made a vitally important decision on war production after Germany's defeat. Original war production schedules called for a 40 per cent cutback alter Germany caves in, permitting a vase reconversion program and the early production of automobiles, refrigerators, radios and other j civilian goods. : However, the Army plus WPBig- wigs.have now decided to keep the war machine rolling full tilt, not cutting back any but, a few items until Japan is defeated, Behind the vital decision is an important new plan to speed victory War that in. the Pacific. Confidential Department surveys disclosed it would take over a year to return European veterans, together \yiih their equipment, much of it geared for winter rather than 'tropical fighting. Allied shipping shortages would make it a long job to crate, sort, repair and re-ship" heavy equipment from the Atlantic to the Pacific. . In addition, the Army survey disclosed that a lot of European equipment, will be obsolete for Pacific fighting; would have to be rebuilt, taking valuable time. Instead, the new plan calls for bringing the men . back at once, J-vsiifaig them new equipment specifically designed for Par Eastern combat. Later, the Army will bring back overseas war gear and replacements. This -should "use it for Pacific speed final blows against Japan, and shorten the Far Eastern war by many months. As a result, 1945 production | schedules will probably be a billion dollars higher than those of 1944. The War Department, which had a pile of telegrams two feet high cancelling war contracts to be sent out the day Germany is licked, has now culled through them and may ;• on)v cancel a few dozen orders. Nimiiz Wins Labor Admiral Nimitz flew back from Peari Harbor to San Francisco not long ago for an off-the-record meeting with 78 Pacific Coast labor leaders. The meeting opened with the labor leaders guessing. Some .of the most famous union chiefs of the nation, including Harry Bridges, were present. They didn't know whether this was to be a bawling- out party on the part of the Admiral or what. Admiral Nimitz opened the meeting by telling them the following story: • ' .: . . • "Being here with you reminds me * little bit of the story about Noah's Ark," he snid. "You remember that after the flood, Noah let C= animals out o( the Ark. two by ,o, male and female. When he got to the very end, along came two on foreign finance, more recently as the lone Republican Congressman from Chicago. Dewey was a friend of President Roosevelt even though usually opposed to him. He was also the great friend of Mont- jgomcry Ward's Sewell Avery. . Came the November elections and likeable blue-s locking Charlie Dewey lost out; to the descendant ol a German" immigrant family, Alexander Resa. Young Resa had never been heard of before. He worked his way through the John Marshall Law School in Chicago, taught in the same school, and led Chicago's subway litigation, and as written a book on logic, reducing all the clas- cats and behind them, U lir.tle sical systems of logic to 132 pages. kittens. "Some people at Pearl Harbor," the Admiral concluded, "have been thinking that you have been rowing, but actually you have been producing." : • The story won over the union leaders completely. They now swear by Admiral Nimitz. He. in turn was quite sincere In his tribute to San Francisco labor. For that matter, so are most San Francisco business leaders today. The strained relations between business and labor a few years ago has resolved itself completely. Council Not long ngo the of San Francisco even City passed a resolution urging the Justice Department, to reverse its move to deport Harry Bridges in view of his cooperation with employers since the war started. Washington Contrasts Washington is a city of contrasts, Not far from the ornate marble memorial to Ihe man who emancipated .the slaves are some most squalid negro slums the the world. Not far from the Capital's lending brewery is the statue ol prohibition crusader William Jennings Bryan. But the greatest contracts are in human relations. The political pendulum swings up and down. With it, politics change overnight. A man who is up one clay is out the next. That is Washington. That is democracy. Here, for instance, are some recent contrasts: Contrast 1. For four years one of the silk-stocking members of Congress was Richard Pillsbury- Gale, of Mound, Minnesota. He is the grandson' of John Pillsbury, founder of the famous Pillsbury Flour Mills, and former Governor of Minnesota, in Washington the Congressman lived quietly but well. He was a staunch Republican, Steered straight down the conservative GOP political alley. Came the last elections and the political pendulum swung the other way. A retired streetclcaner from Minneapolis, William Gallagher, defeated the scion of one of Minnesota's wealthiest families. Gallagher, despite stories to the contrary. Is quite a student of national and international politics, has some refreshing ideas nbout less talk and more work in Congress. "The election is over," says the former slreetcleaner. "but some of my colleagues still spend their time making nasty cracks about the Resa's name originally was Russe. His father was of German descent, born in • Minnesota, his mother Scotch. They changed their name because the neighbors had so much trouble pronouncing it. Ex-Congressman Dewey, whcr. informed of his defeat by Alexander Resa, remarked: "SVell, that's democracy." .;:' '•' • : • : . ' ': . ' : ; .-.-". Contrast 3. After Pearl Harbor, modest Henry Wallace ordered the luxurious custom-built limousine assigned to the Vice-President put up on blocks. Instead, he acquired a small; low-priced car which saved considerable gasoline. After the recent inauguration, energetic, likeable Vice-President Hairy Truman ordered the big irr.ousine off its blocks, had it equipped with new tires, and the other day was seen driving it with twelve motorcycle police escorts down Constitution Avenue to lay a wreath at the Lincoln Memorial. Thus the pendulum swings in Washington. : ' ; Capital Chaff Movie mogul Sam Goldwyn lias just snared a lush flying mission to France—for the Government. He was a big contributor to F.D.R. during the campaign. Apparently that makes him an expert for the Foreign Economic .Administration. Democratic headquarters arranged the deal Rumors about General MncArthur being sidetracked by the War Department are hay- jwire. The General was never stronger with topsides in Washington. However, it remains a moot question whether he will get the overall command when invasion of the Jap ninin islands slart.s. Admiral Nimitz so far has played a quiet but all-important part in Pacific strategy and was the real genius behind the clever naval maneuvering which enable MacArthur to land on the Philippines Reason why Governor Dewey delivered Ins Lincoln Day address in Washington on February 8 instead of on Lincoln's birthday was in order to meet all Republican Senators and Congressmen. On February 12 they were planning to be out of town, making Lincoln Day speeches on their own . . . Congresswoman "La Belle" Luce went over to the War Department the other day to call on brass hats and get their inside angles on the \va:-. As ,a member, of the House Military Affairs Committee, OPINIONS from Sunday Times Reader* . fxprctswni QJ opinion art Invftetf Irotn reader* and will be pit-en • consecration /or publication in • The Cumberland Sunday Tlmti, - Because o/ /pact ttmitatton$ letter$ 1 should not tscetd 300 urordi, att4 '-' mttxl reach the editor tu/or« noon Friday. Letters mull tie if;n«i but on request a tcriter's namr will be omitted tn tht paper. Urges Dividend Insurance Like Unemployment Pay Editor Sunday Times: . . ; Then, must be a retortion of part of the Income now going to Labor back into the hands of stockholders, bond holders, mortgagors and note- holders. Six per cent annually is insufficient under present conditions. Twelve to twenty percent should be the required minimum interest. . : . . ' .''.'... If unions can puc in demands for increases why should not investors try to make a living out of their holdings? Why shoud they not seek to obtain laws to give ihem social security from their investments of a permanent federally insured type akin iu the federal retirement income to Labor? Why should not the original value of all invested money represented by stocks, bonds and the like be federally insured as to original value and as to perpetual Income, as long as the corporation legally exists? ',-..• Dividends and bonuses to stockholders should be federally insured. Investors are entitled to perpetual Income, or as long as the corporation exists, just as Labor Is entitled to unemployment compensation and vacation pay Once this principle becomes law its operation will mean full employment of all capital because there will be the highest interest, dividends, profits and bonuses in the United States just MS Labor is here paid the highest world wages. Investors are the most constructive employment-creating element of any group of people anywhere in the world. Their reward should not be a measly six percent return but a legal rate of 11 to 20 percent guaranteed by federal insurance, fixed by law as ire Labor retirement pensions. While so many seem to be "yahoo- ing" about future full employment, why not give oldfashioned ox-cart education a good kick in the pants. Get rid of it and substitute concurrent free college and university education along: with free high school training in a combined course, leaving out all frills and getting at the meat of skill, knowledge and the practise of the arts, sciences, professions and trades. Such fully educated youths will be employed by Invested amount, capital to quality of produce the manufactured goods, agricultural products and scientific, technical and professional services needed in modern life BENJAMIN MEYERS. Meyersdale, Pa. 411(\ fV.ll iK AlCU \. T 1,1 nWfUl ** l/WUl/ ^ [ir ^ILU li- •'• other political party. It's time we!? 1 ? h °] ds a strategic position to do got together as Americans to con- '"^However the brass hats were Writes From France About centrate on national problems." a ."? lt .worried for fear Clare was rvvni--, - T-.J 1 • 7 T" Kxlt Chicago Bluc-StocUinc Bathermg mnlenal for her reported <J> Cl seas laljloid I lines Contrast, U. For about twenty years, one of the popular .social) sl>onsc>r ' leaders of the capital has been' Charles Dewey of Chicago, first as Assistant Secretary of the Treasury under Coolidge, Inter as an expert radio broadcasts for benefit of!Editor Sunday Times: Your Federal Income Tax No. 43 BASIS OF GAIX OR 1.0SS "vVhat do we mean by the "basis' 1 Tor determining gain or loss? ' When you sell or exchange property at a profit, the amount that you receive for it ordinarily represents in part a taxable gain and in part a return of capital which is tax- iree. . The amount representing the capital which you are entitled to recover tax-free, if determined nt the vlme when you acquired the property, is not always the same as the amount of capital that you are entitled to recover when the property is sold, because during the time that held the property you may have spent additional money on it. and depreciation or other decreases in capital may have occurred. The amount of capital at the time of acquisition is called, 'for income tax purposes, the "basis" of the. property. The amount o^ capital at'the time the property is sold is called ;he "adjusted basis." and this adjusted basis is the figure which you .should compare with the selling price (or value received in exchange) to determine the amount of gain or loss realized. If the selling price equals the adjusted basis, you realize neither gain nor loss. If the selling price is less than the adjusted, basis, you fail to recover all of the capital that you had in the property at the time of the sale, and a loss results (which is deductible only to the extent allowed by law). In order to determine the adjusted bnsis you must first ascertain the "basis" of the property. Thus the starting point for the computation ">f gain or loss on the sale of property is Its "basis." The Income tax IRW provides special rules to help you determine the basis of your property, for the basis used for income tax purposes depends on the manner in which you acquired the property. If you acquired the properly by gift, transfer In trust, or exchange, the basis may be determined by reference to the basis of the same property in the hands of a prior holder, or by reference to the basis of the same property In the hands of a prior holder, or by reference to property which you previously held, nnd the law then calls ilin basis a "substituted basis." Purchase.—If you buy property for money, its basis for determining snin or lass on subsequent disposal is its cast to you. If you buy prop"•• by rendering services for it, iWiead of paying money, its vnlue »(, the time when received represents taxable Income and becomes its basis for determining gain or value at the time of transfer in trust. the gift or For property acquired by gift after December 31. 1920, the basis to be used depends upon whether a probable gain or a loss is involved. Tn determining- a gain the basis is the same as it would be in the hands of the donor or the last preceding owner by whom it was not acquired by gift. Thus, if a taxpayer received a gift of property from his father in 1340, the basis (or "substituted basis") would be the cost (or other basis) of the property to his' father (assuming his father had bought it and had not himself received it as a gift), adjusted by capital items, such as depreciation find betterments applicable. If, however, his father had received it also as a other basis" mentioned in pare: theses would apply to property a_ . quired by the father by purchase prior to March 1. 1913, or by devise or bequest, or other means.) In determining a lass on property acquired by gift after December 31, 1920, the basis is.cither the same as it would be In the hands of the donor or the last preceding owner by whom it was not acquired by gift, or the fair market value of the property at the time of the gift, whichever is lower. Property transmitted at death — Tn the case of properly acquired by bequest, devise, or inheritance, the basis is the fair market, value of the property at the time of'such acquisition. The time of acquisition is the date of death of the decedent even though • legal title may not pass to the legatee until a later date. No distinction applies between property so acquired before January I, 1921, and after December 31. 1920 . Transfer in trust.—For property acquired after December-31, 1S20 by any transfer in trust, except as n gift or by bequest or devise, the rule is that the basis for determining gain or loss is the same'ns It would be in the hands of the grantor, increased in the amount of gain or decreased, in the amount of loss recognized to the grantor upon such transfer under tre law applicable to the yosr in which the transfer wiis made.' The expression "increased," -tc.. applies to n trnnsfer of property In trust for n valuable consideration. . : Securities.— In determining the basis in tho crir.r. or .sccurltlp.s of n corporation which have been acquired at various times and in various amounts, and which hRvc been sold in various amounts and at! sponsor. Cemetery Lobby Washington has seen all sorts of lobbies-veterans. farmers, labor. bankers and power lobbies. But the latest lobby is that of the cemetery owners. The _ cemetery owners have raised a storm of protest against plans to bury war veterans in national cemeteries. They claim this will interfere with religious custom, discourage family group burial, and duplicate existing cemetery facilities. Instead, they want the Government to give a burial aliu\vrmce for veterans' families to buy graves commercially wherever they please. What sparked the protest of cemetery owners were two Bills introduced in Congress by Representative Chester Merrow, Republican of New Hampshire, and Democratic Whip Senator Lister Hill of Alabama. Citizens of Birmingham, Ala., have arranged to cede 3,000 acres just outside the city to the War Department for use as a national cemetery. However, an Act of Congress is neces-sary before the War Department can accept this land. To accomplish this, Senator Hill introduced a Bill providing for the establishment of national cemeteries in each of the 48 states which do not now have one. Congressman Merrow, meanwhile, on the other side of the Capitol, introduced a Bill similar to Hill's except that it provided for a national cemetery in each state which docs not now have a "satisfactory" one. At first Senator Hill thought this difference in the two Bills was unimportant. But now he is redrafting his bill because of an Act of Congress passed in 1864 which many Alabamans had forgotten. Hill discovered that Alabama already has a national cemetery in Mobile, 8',i acres in size, established by Congress. • '-• This plot Is too small for statewide use by Alabama veterans. But the bill RS originally introduced by Hill would have prevented the War Department from accepting the much larger plot near Birmingham, since a national cemetery already existed at Mobile. Meanwhile, however, the cemetery owners are continuing their lobby agaiivst national cemeteries. (Copyright, 1345, by The Toll Syndlcatr.Inc.) Shine may be removed from a worsted suit by pressing with a warm Iron and cloth dipped In water containing vinegar. Then scuff lightly with fine sandpaper UU IIUI L-ILI1I14 »\_) JL ill ICO . I am writing to you to find out if you will put this suggestion before your board of directors. How about the Times printing a fen-icemen's paper small enough to be slipped in an envelope' It would contain a summary of local news— the things thai happen around town. We get all the war news and what happens over here but very little about happenings back there. The idea of writing to you came from a buddy from Baltimore who showed me a small edition included with The Sun. If you start such a small edition we will have our parents send it to us. A clipping recently received told me what happened to my buddy, Pfc. Jack Linaburg. An Old Paper Carrier, PFC. JAMES D. SIMMONS. Somewhere in France. (The Sunday Times has been furnishing just such a paper lor overseas men and women for 47 weeks. It appears today, as always, in the lower right hand section of the military page. It provides a two-sided news sheet that may be clipped and mailed with an ordinary letter from home. — Editor.) . '• • • — Explains Background of Twenty Years Ago Event Editor Sunday Times: Your Evening Times column "History From Times Files," I read with interest and appreciation. However, I noticed an item in your Issue of Feb. 7 concerning Mrs. Margaret Rowan's prediction of the end of the world 20 years ago. Being quite familiar with the belief and work of Seventh Day Ari- ven lists,-: I wish to say that while Mrs. Rowan had once been a member of that denomination, she was not at the time of her prediction. Seventh Day Adventlsts do not set dates for. the end of the world. Would you kindly make this explanation? . ' i- .; EDW. G. BROWN. 115 Massachusetts Ave. Before adjusting hems of dresses to new lengths, rip the hem and wash the garment. It Is easier to get rid of the crease and thin ridge of soil which .often forms At this point with this method. Put bowls, mixing spoons, epp beaters and other implements to soak in cool suds the moment they have been used. This will proven', egg or dough hardening on them. SEVEN' Washington Scene ' By GEORGE UIXON Washington, Feb. 17-Down In the shape. Then It is sent to the lower realms of the Capitol building. Government Priming Office where a where senatorial feet seldom tread, single copy Is printed on white there is a little-Known establish- parchment-like, 100 per cent rap ment called the "Enrolling Room." paper. A hand-drawn red border goes oh e .ch page. It then goes to the Speaker of the No one Is ever enrolled in the House. Whether the measure enrolling room. In fact it might more ' • — properly be called the rolling room. It Is where legislative bills are en- And even those aware of its exist cuce probably do not know that stole Its name from the Romans •;»«•• "<L *wuiniia. rolled. The terms "rolling" or "enrolling," as applied to laws, originated with the Romans. After a measure passed the Roman Senate it was tvansmit- teo to parchment, which was then carefully rolled. The final act of roiling made it the lav, of the land. • • » , . Although we have adopted the nomenclature we have never "rolled" our laws. They -are filed away flat. Whenever a Congressman -bellows: "It's the law— and that's flat I" he Is speaking literally. - • -• All laws, after final passage, go to the State Department. But they are not kept there very long. Until recent years the State Department retained them all, but now it holds only the recent ones. The oldest laws are transferred to the national archives. . : - • • • Although our laws have never been rolled, the idea seems to persist in art and sculpture. In fact one of the sights of statuary hall in the Capitol is a statue of a gentleman named Edward Livingston, who was Andrew Jackson's Secretary of State, holding a rolled parchment of the Roman type. This is not the Livingston found by Stanley, be, naturally he would not be coming around the African Jungle lugging a parchment. There are also many pictures of lawmakers holding rolled laws, but it. is faulty art. as applied to our 1; wmakers and administrators. » » • The Capitol's enrolling room, which Ls operated by a couple of gentlemen named Harry McGill and Evan Taylor, performs quite a function. The procedure is this: After a bill passes the House and Senate— it has to pass both before it gets anywhere— it is sent to the enrolling room where it is whipped nated .in House or Senate, the Speaker has to sign It first. Next to sign It is the Vice-?resl- dent, in his capacity as President of the Senate. The bill is then returned to the enrolling room from whence it is nounteb that.-despite war cunditlwii,i diaper cloth was produced Sast yeur at the rate ot 34 yards per infant R> compared with 2-i yards : in ifl39 i I had Intended'untieing some com-: ment on this, but something wld me l< lay off. Awfu temptation though I ; * » • The Pood Field Reporter', n publl- cution which Koe~ to wholesale ;ro- cers arid such, reveals tha( the Na- tlcnal Broom Mnii.ufacturerY Association is about to conduc-l a new cainpftign. The slogan will be "Sweep yourself into shape!" • • • / Somehow,'I'm dubious about Us success, Try ru> F will, 1 can't picture the little woman ever saying: "GoshI , I'm geliins an nwlul tummy! Hand 11,1-a broomi" 'minimum iUudnrcl of need." will present 'pensions t>y $U> and provide t»n estimated average ol bf- Lwcrn J47 imci $48.50 In ».- : compared, with an average of $-17 under Hie CBllloi uili pi-nnon law, one 01 the most liberal in the im- tlcm. Ot:i.-.fdi> fi;cun:o rfi'iiiKif-.ius -,,r.ti Item.' MiiiplkcJ pi'iuiiniiers ttrt- wii: make up Hie Una! i>l sftO. • • •• u^jlti^ 1 VJUill IIU111 WtlCJILU Jl Ji - - i •.. i ii .1 *nt to the President-* permanent!!*; ,.•}, n ] „ pfv r r> vernment employe named Roosc- '-* 11 l "|'««<-v. vclt—for final signature. . 1 T rf i> If he signs, it goes back to the- .JCllCrSOll I enrolling room—and, by crocky, it's' the law! We seem to have an unbalanced, ^ i^i' 1 ' 11 Citi/cns UnoVrii Between Shiulwrll ami ' pared with ex-Presidents, We have! only , one ex-Prcsider.t, Herbert] Tufton Hoover. But we have three ex-V. P.— ! Richmond. Va , Pct>; 17 oi'i— When- ! G. Daws John Nanc ar- wfts Thomas Jefferson, ihe airotr uuv «c .mve UJJcp e.\-v, 1'.— , im-i iiiiuiivt, va , rvu, 11 f/J t —svjjer( J Charles G. Daws, John Nance Gar-1 Wfts Thomas Jefferson, the patron' ner, and another whose nnme I am] Sflli!t u! A'uferkftn Democracy, bom? | sure will come back to me In a mln-i ln Virginia; oi—but wat Us utc. He was the fellow right bsf-.-r» . •*• -~ :Sc!svcH. -n the north Mdo .of! Tniman—oh, sure!—Henry \Val- ^'" Hivannu river nri»r Charlottes-! lace! ' vllle. or at Tufiou. 01: the southside? • The only reason I bring all this'up The State Con.w vtulon Commlj-' is that there seems to be a lot o/! s ^. on i 111 ^ ft dek-Ralio: 1 . o! Aitwniarlo impatience in certain circles. I know! count V citizens, nice tine: to plan the ; people who can hardly wait un til! l ' cstoralicm °f ."ShadweU" aa a JIH-^ Harry Truman becomes an ex-Vice- llollal shrine, couldn't agree on the • President too! j exact silo. •. \ There is a sign near the Congres-i ^ lhe commission '>RB asl:cd ..aj slonal Library. "Leash your dog." Sroup of experts to. meet with H in • Some was has .seen fit to improve it Cnar loi'osville April 13 to help de-j In front of 'leash' lie has writteni cldp the controversy > * » _ _ j . . . , ._ .. •! "I'tiricft mini-fr- iflli e as wren. "Mac," and underneath, "Can't—! T!l1 5 se BWsts will include Piske; he's too darn smart!" Kimball, the architect, and tuithoi i Mr. Joe E. Lewis, who posw as a comedian, but whom I consider one of the great philosophers of our ._....._...., w«n_ .«ii\.iiiii:i.|. fillVI [lUtiUJl j of "Jeffersoii, Architect"; Elizabeth'' Page. Miithor of "Tree of Liberty";; Dumas Malone. who Is cciilhip Jeff-. : erson's papers or the New York Times, and Dr. Julian Boyri. lib- j While at work one evening trying;Qj| P,, on | (> In to entertain a packed night club, he ' was constantly Interrupted by ., heckler. At last he pointed lo the Icut and. as if thinking lo himself, observed: ''There must be ten manholes in this block. I wonder why he had to full in here.'" • • • The War Production Board an- To Cm Monthly Pension' Olympla. Wash.. Fob. 17 (,1'j—Agoo people In the .state of Wnshington will tx; cliRible for S50 a month' pensions when Gov. Mori C. Wall-; gren signs & liberalized bill passed.! by. Uie state legislature. The measure, setting S50 as UK- : DO FIGURES ADD UP ro GOOD VISION? Sci'entcf.n pins 1C orfrfs u;.' to 33 lmt Kiirrfd ii'iapcs add :ffj tn the fact thr.t fit/fin »*• ;.ioof, tiiai ylnssct'' Will}/ I)C HCCiicd: l.Ct \if i-jan:ii'ic i/o>,"' rision. Dr. Harry Pinsky O|Uiiim'tri>.l 3't IlKlliinnrr St T'hnn' I >• loss on subsequent disposal. -., . r- «•• - MV i>.> *•*•!* i »vsu.i rtlMUU* I (O ii 11U H I ( U you exchange property for other various times, the pencral rule Is I property in a taxable exchange, the that thn securities sold (in the ab-' bails of the newly acquired prop- senee of Identification of (he par-! frty for determining gain or loss on ticular securities sold) shall bci its later dispose! is equal to its fair market vnlue at the time of the exchange. If the exchange was nontaxable, nnd mnde without "boot" as explained In article No. 46 of this series, the bnsis of the newly nc- qtiired property Is the snme a.-; that of previously held property. Oift.—In thfi case of property acquired by Rift, a distinction is made between property so ncqnircd before January 1, 1921, nnd nfter December 31, Ifl2\ For property acquired by Elf I. .or transfer In trust (except bv 1 before " for charged against tlie earliest, purchases of such securities. To determine the basis of common stock received ns a bonus with u purchase of preferred stock or bonds, the total purchase, price shall be fairly apportioned between the common 'Slock and the securities rurchased. .• .:. ; . .. ..••, The innnncr of dctermlnln(? the "adjusted bnsLV' of properly is explained in article No. 44 'of this SCriCS. ' , ,: ' •'.- '.;..'':' of from thr snle of "Tomorrow's Policy Today" RESIDENCE LIABILITY INSURANCE INSURES YOU AND MEMBERS OF YOUR FAMILY AND UP TO TWO RESIDENCE EMPLOYEES * Annually : * $25.00 Three Years : : - if For Basic Limits and Exposure Protection i, offorded ogo inst clalmi for:-Bodil y injuries tu.toif.crf by members or the public and your residence employees - - - Damage to flit property of others - - - arising because of; Ths use oi your dwelling, Ih. personal acfs of yourself [spouse, and minor children) - - . For Further Details Connult — V JOHN J STUMP nr in« ic MI-r.i- ,""7 sne o.capta! or loss ts the fair irmrkclfnwet* sec article No. 42 ol ihls scries.|[L 2!.N. Liberty St.' Phone J»17 HIS WILL SAID THIS "AH of my property of every kind, character and description, I gwe, detiite, and bequeath to my ulifc, Mary." "I nominate, constitute and appoint my wife, Mary, executrix of thii la*t will and tettament." IT PROBABLY WASN'T HIS INTENTION But this is what U REALLY MEANT! • Item 1. To my wife Mary, I bequeath all my property. I, likewise, bequeath her the risks and responsibilities of its management, with its atlendant worry, for the remainder of her life. I bequeath her the hazards of financial insecurity, although my estate is ample care for her. 0 Item 2. To my wife, Mary, I bequeath the importunities of all those who will try to separate her from the property I have left her. I bequeath to her the wiles and stratagems of promoters and of salesmen of questionable securities. I bequeath to her the advice of well-meaning but uninformed friends, I bequeath to her the loss of friendship which results, when financial assistance is requested and refused. ^ Item 3. To my wife, Mary, I bequeath the technical and difficult task of administering to my estate. 1 bequeath to her perplexing problems of taxation, of accounting, of law, of investment and of business. 9 Item 4. To my wife, Mary, I bequeath the responsibility of determining whether my business shall be liquidated or continued, f bequeath to her the task of managing my various investments, a task for which she may be unprepared. 0 Item 5. To the United States Government I bequeath the substantial sum which represents, (ho unnecessary second estate tax to which mv estate will be subject by reason of the fact that I did not 'leave my estate in trust and upon my wife's death my cslole will be faxed a second t'rne before passing to my children. 0 Item 6. To my two children I bequeath on estate shrunken woefully from unnecessary taxation, from the mistakes of inexperience, from the demands cf relatives and from highpowered salesmanship ^ Item 7. These bequeaths have been made out of love for my wife who has helped mo to accumulate my estate. I mistakenly Ih'o'jghl I was protecting her and our children; I did not realize how untrue was this statement which I so frequently made, "I hove arranged my estote satisfactorily my will leaves everything to my wife." By leaving your estate in rruit you can safeguard it against the mistakes of inexperience, against high-powered salesmanship, agafnsr the adv'ee of well-meaning but uninformed friends, against the appeals of needy relatives and against unnecessary double taxation. For safety and economy leave your estate in trust and name The Liberty Trust Company as your executor and trustee. Discuss this matter now with your attorney and our trust officers. TEPST Cumberland Lonaconing Mtmber Federal Deposit Insarante Corno'oiion

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