Mt. Vernon Register-News from Mt Vernon, Illinois on January 29, 1969 · Page 11
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Mt. Vernon Register-News from Mt Vernon, Illinois · Page 11

Mt Vernon, Illinois
Issue Date:
Wednesday, January 29, 1969
Page 11
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WEDNESDAY, JANUARY 20, 1969 THE REGISTER-NEWS — MT. VERNON, ILLINOIS Sc. ing Eye, was* founded in NashviJle, Tenn. In 1936, the first five men named to the baseball Hall of fame at Cooperstown. N.Y., were Ty Cobb, Walter Johnson, Christy Mathewson, Babe Ruth Today In History By THE ASSOCIATE PRESS j ^ ™g* Wagner. ^ ^ Today is Wednesday, Jan. 29, ain's application to join the Eu- the 29th day of 1969. There are '• rop'-an Common Market. 336 days left in the year. Ten years ago: President Today's highlight in history: Dwight D. Eisenhower asked On this date in 1949, Britain 1 Ctngress to eliminate mandato- granted de facto recognition to | ry high price supports for farm ts.ael. j products. He blamed the sup- On this date: fcfflr "i843, the 25th American Coresident, William McKinley, <vas born at Niles, Ohio. In 1861, Kansas entered the Uii >on as the 34th state. In 1889, Crown Prince Rudolf ports for surpluses. Five years ago: It was charged that Soviet aircraft had shot down an unarmed American jet training plane over East Germany, killing three officers. Gne year ago: President Lyn- Df Austria-Hungary killed his don B. Johnson sent Congress a mistress and himself at a hunt- j record budget and called on the Ing lodge at Mayerling, Austria. I nat;'on to accept higher taxes In 1929, the first dog guide (willingly to pay for the war in »chool to aid the blind, the Vietnam. Big Bank Links With Major Insurance Co. FISHEYE LENS makes a formation of Royal Air Force Phantom jets look bent and twisted. The planes, which fly at nearly the speed of sound, will form part of a new squadron in England's air force. By JOHN CUNNIFF AP Business Analyst NEW YORK (AP) — For a price in excess of $300 million jthe First National City Corp. is presently in the process of ac| quiring one of the nation's ma- j jor insurance concerns, the Chubb Corp. | But isn't First City a bank, you say? And what is a bank doing with an insurance company? i In answer to the first ques- ; tion, yes. the First City is a | bank, but a holding company : has now been superimposed atop it. Secondly, the bank isn't to be the owner of the insurer; the holding company is. First City Bank, still the third / Open Dally 8.00 P.M. to 9:00 P.M 804-12 Park Plaza Shopping Center We Redeem Gov't Food Coupons. We Sell "Republic" Money Orders. Del Monte Vegetables Sweet Pea*, Cream Style er Whole Kernel Geld Corn, Cat Greta Beans, Cream Style White Cern No. 303 Cans SWEET PEAS Eatmore Solid Margarine Quarters 5 for $1 Banquet Pot Pies • Chicken, Turkey, Beef or Tuna 700 Bonus Top Value Stamps Be sure to redeem this week's coupons from your Kroger Mailer good for up to 700 Bonus Top Value Stamps and Cash Savings of 70c. This week's special China Offer: Cup only 39c with a $3.00 purchase. No coupon! No limit! 8-0z. Pkgs. coupon 2 * *1 « can • Kroger Vac Pac Coffee with ritlt (wptn, Umtt ene fwfm per antweer. Expket Sot. NfeM, Fee. 1, Kroger White Bread. Del Mont* Fruit Drinks Grape, Cherry, Orange, Punch, Pink Pineapple-Grapefruit Musselman Applesauce Kroger Applesauce Duncan Hinos Cake Mixes Kroger Cake Mixes 4 20-coc pkg*. $1 Garden Club Salad Dressing . . Del Monte Chunk Tuna 20-Oz. < Loaves 46-0z .C Cans No. 303 Cans 7 No. 303 cons 18%-Oz .C ni *r Pkgs. Kroger Cottage Cheese . • 3 ctns. Small or Lars* Curd, Pineapple or Chive Sweet Treat Sliced 1 Pineapple.. 3^*1 Del Monte Plnocpplo-Oruoofrert er Pineapple-Orange Drink . • 3 «» ns 89c Kroger Soar Solo Cap — With ID Caps Kroger 29 Cream Dips 3 8 «£ '1 Va-Size Can Pillsbury Buttermilk or Sweetmllk Biscuits • • 12 Valley Gold Orange Juice • • • 8-or. cans 6-oz. cans 1 1 Dispenser . Refill* Solo Plastic Cups \°£ 59c 2Sc Off Pvnch Detergent . 19c Sliced Beets 6 ™ *l Van Camp Pork & Beans No.2, e • king $ «ize Ac Off Soft, Blue Bonnet Swanseft eathreom Margarine • & 39c Tissue 10-roll pack 1 i Kroger Sweet Potatoes No. 3 cans 89c 89c Del Monte White or Assorted Bathroom lAM #M , 4 $ Jhat^ Uajrtd Scott Tissue 8 •» $ 1 C ™ 4 - : ' .. _ _. Suaaers . . 2 & $ 1 Polish • • • 14-ox. $• pkgs. 64-or. btl. 39c Catsup. Heinz Catsup • • • 4 20-oz. btfs. 14-oz. bHs. Swansoft Facial Tissues Kroger Sherbet or Ice Milk t> • • 5 200-Ct. <1 Boxes * § Banquet Baffet Suppers Kroger Sliced Natural Cheese • Buy One —- Get One Free, Kanda furniture 2 14-oz. $| cans I 1 Polish Kroger Fruit Cocktail No. 303 cans i 6-oz. $j| Kanda liquid Del Monte pkgs. Detergent 3 a 2r *l Vegetables 4-*l Brick, Mozz. Mild Cheddar Hair Spray ^ 13-0r. JF Cans Pond's Aqua Net • Regular, Hard to Hold or Unscented ^^^ m Regular or Mint Flavor 5 "0le Crest Toothpaste Tube Dry Skin Cream 3 j »T Cold Cream 3.5-oz. jar 79* 2-Oz. Tube Fresh Start Cleansing Gel Cutex Nail Polish J * 1 65' 89 63 35 No. 303 Whole Green Seam, Stewed Tomatoes, No. 30O Tomato/Sawce/Onions (Bxxfovuf. OalusA. Kroger 1 Donuts e • 4 ^ $ 1 Combination, Cinnamon, Plain er Sugar Country Oven Choc. Devil's Food Cake • • • ^ 49c Kroger Country Rolls . 12-ct. $ pkgs. 1 e largest in the nation, now is just one subsidiary of the holding company. Chubb will be another. And excluding the Informed opinion of company executives, It's anyone's guess as to what acquisition is next. One respected analyst ask* in print: "What Is to prevent a large financial congeneric from acquiring a 'arge steel, electronic or automobile company?" And it answers: "Absolutely nothing." First City's purchase points up the enormous power of this now rampant strain of corporate life, the so-called one-bank holding company, sometimes referred to as the department store of fnance. The concept, though not new, had lain somewhat dormant. In 19G6 Rep. Wright Patman, r> Tex., counted 425 of them. But in the past year it appears there have been at least 50 new ones, some of them quite large. The one-bank holding company is simply a concern organized as a general business corporation. It is unlike the registered bank holding company, which is a banking concern with holdings of at least 25 per cent in* two banks. Because it is registered as a bank ing concern, the registered bank holding company is prohibited from activities unrelated to banking. It must register with the Federal Reserve and needs approval of the Federal Reserve Board for expansion. Th one-bank concept avoids this. In fact, no specific federal agency controls all its activities. It can acquire, diversify, merge with other companies with little at all to do with the Reserve Board. First City, which even as a bank was straining to diversify, decided last year to take on the new form. It's first major move was into insurance, but seemingly it is free now to acquire a mutual fund, expand its travel advisory services, and sell computer services if it chooses. Such interrelationships obviously mean savings, for the customer of one frequently is the customer of another. By bringing them under one roof, the cost of selling and maintaining accounts can be diminished. NEWS BRIEF ROME (AP) — American playwright Tennessee Williams says he is "very happy" to have been converted to Roman Catholicism by the Jesuits because "Jesuits drink, laugh and love life." In an interview with the newspaper II Messaggero, Williams, 57, credited his conversion to his brother, a Jesuit priest. He was baptized in Key West, Fla., 18 days ago. He said his brother waa "a bit fanatic perhaps," but added: "With him I feel good because we drink, we laugh. He loves life." Williams said "I believe that the Catholic church is in a direct line with Jesus Christ." He said he now feels calmer, has a stronger belief in God and feels "different in a strange way." Asted if he drank less than before, Williams said: "You could say that. . .Because there are other things in my life. I must win this battle against certain deficiencies and weaknesses inside me." Although today bagpipes are associated with Scotland, Persia had them in ancient times. Copyright l*ft* The Kroger Ce» eiYE TO UNITED CEREBRAL B PALSY 1

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