Kossuth County Advance from Algona, Iowa on November 13, 1967 · Page 6
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Kossuth County Advance from Algona, Iowa · Page 6

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Algona, Iowa
Issue Date:
Monday, November 13, 1967
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Page 6
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13 0 celebrate 100th Will you explain (Mnvarflbl* bond*, tanvarflMa subordinated d* btntura* and linking fund dV iMftturas? I would lilt* to know who issuas HIM* and whoro fhay can bo purchased. Answer —; A bond and a debenture are similar in that both represent a debt owned by a corporation, rather than a part of v the ownership of the corporation. Actually a debenture is a particular type of bond. "Bond" is more likely to refer to a claim against certain specific assets, while "debenture" refers to a claim against the general credit of the corporation — with no specific asset pledged to pay it off. Both bonds and debentures may be convertible — in most cases, into the common stock of the corporation. However, lit is possible for them to be convertible into another security, or even into a security of another corporation. A "subordinate debenture" commonly refers to one that will not be paid off, if worst conK-s to worst, until previously issued debentures have been paid in full. It is "next- in-line," after another security in claim to rights, privileges, and property. "Sinking-fund debentures" are ones for which the corporation has set up a sinking fund — that is, a fund into which it makes regular payments that will be used eventually to buy back or retire the debentures. Your broker can provide you with a list of convertible securities. More and more companies are issuing tihem >these days. Question — My wife and I •ro in our mid-40's. We have never invested and are uncertain how to start. If we started an investment club should some members have • knowledge of investing, or do a group of friends and acquaintances learn by trial and error? If one inherited money, how would you suggest it be invested? Answer — Organizing investment club to quite andI'm sending you a foldef on how to do it. Most members of investment dubs start with no experience whatever. Nevertheless, using the Investment Club Manual and other tools supplied by the National Association of investment Clubs, they quickly learn how to organize their club and how to go about stu* dying stocks. You don't put much money into your club to begin With; your experience and investment knowledge grow along with the amount of money you have invested. One reason for starting an investment club is to learn. As you learn about a number of different companies you will be in a position to understand them and analyze other companies and know*where to put any additional funds you might have in addition to your $10 to $20 a month deposited in your club. If you have inherited a sizable estate, you would be wise to seek the advice of your bank trust department or a professional security analyst on how to handle it. Mrs. Lydia Wetzel received word Sunday of the death of her cousin Mrs. Freda (William) Lancey of Des Moines. Mrs. Wetzel does not intend to be at the services. Mrs. Beecher Lane is spending from Wednesday till Sunday at White Bear Lake, Minn. with her daughter Gloria, Mrs. Fred Wiebusch and children. Mrs. S. A. Slater, of Worthington, Minn., came from there Monday and will from now on make her home with her son-in-law and daughter Mr. and Mrs. Don Hemmingsen. Dr. Slater has been deceased a few years and it was thought advisable for Mrs. Slater to no longer be alone. Mr. and Mrs. Dennis Stray* er have taken an apartment in the R. A. Johnston building on East McGregor street. Mrs. Strayer is a nurses aide Prudence. Lodge #205 of Algona celebrated 100 years of Masonry in Algona,' Thursday evening, Nov. 2. A banquet with 130 attending, was served by the ladies of the Eastern Star. Past and present Grand Lodge officers were officially received and introduced. Worshipful Grand Master R. Kenneth Miller, Des Moines, was in attendance, with nine other Grand Lodge officers and five past Grand officers. Brother Max Miller gave a resume of Masonry in Algona through the past 100 years, which he had compiled. Speaker of the evening was Ivan M. Maxson. Uickens, la., Past Junior Grand Warden of Iowa. Maynard Miller, Worshipful Master of Prudence Lodge 205 was in charge of the anniversary observance. Ed Wolcott and Stewart McFadden greeted the guests and registration was <taken care of by Everett Anderson. Charles Paxson, secretary, had charge of tickets and reservations. Visiting Masons came from Eagle Grove, Emmetsburg, TV itonka, Humboldt, dear Lake, Swea City, Ruthven, Dickens, Des Moines, Burt, Armstrong, Britt, Chicago, Kansas and California. y///-//////>y//////'/////y///ywy///'//'/y//^^^ at Good Samaritan Home I. Mr. and Mrs. Jerry Ltwis celebrated their wedding anniversary Nov. 6 by going to Cedar Rapids and having dinner at the Old Colony in the Amanas. Enroute home they stopped at Fort Dodge for an overnight visit with their son- in-law and daughter Mr. and Mrs. Jack Ruge. The Ruges plan to spend the weekend here and he will do some pheasant hunting. • DODGE Shaped right. Lean, low and long. With the look of a jet. Once inside, you're in com*«T«T mand .- Your ma PS tucked neatly in door pockets. Your passengers relaxed in big, »ER usurious bucket seats. In front of you, an aircraft-type dash* hideaway head- r***» nghts and miles of adventure. So come on Sport, drive it away. Those Good Guys in White Hats'll make it easy. Because Charger's sticker price has been reduced by over $100 this year. Here is wbtrt tbi curt U! PERCIVAL MOTORS, INC. 900 SO. PHILLIPS ST., ALGONA, IOWA ' Check your local listings for met time «n0 stiflm, and olhef felative*. Howard K6hlh4« weekend in hto t»h4»ti. Sufial wds ih the fci son t*ih who is fiow stationed ih Viet Mlfn. "1?.f.C. ftonald fc. '" • Vi J'ft> ' received by StJoeC.D.A. nl in fort Dodge bdng home from the hospital S, Jee—Catholic Daughters of America held a reception of new members and a business- meeting Nov. ,8 with Mrs. Marvin Reding, grand regent, presiding.. One reinstatement and four new candidates*were received. They were Mrs. Albert Becker, Mrs. Clarence A. Smith, Mrs. Roger Thul, Mrs. Vernori Dailey and Mrsi George Studer. A potluck dinner preceded the reception with the new candidates, Sisters of St, Francis, District Deputy, Mrs. George Montag, and her companion, Mrs. Cletus Chicoine, West Bend, and members of the court attending. 'Local court officers, assisted by District Deputy Mrs. Montag, conducted the reception. The business meeting followed with Christmas gi!ts and Charities plans made for this holiday season. The 'annual Christmas party will be held at the December 13 meeting with a 6:30 potluck dinner preceding the meeting and party. A one dollar gift exchange will be held and Butternut. Betty Crocker and gift stamps collected. The •Court will adopt a needy family with special need's of this family to be considered later. A bake sale and breakfast will be held Nov. 19 with proceeds to be divided with the Court and the Bishop's Charities. In charge of the bake sale and breakfast will be 'Lucille Qlg, Mrs. Leonard McGuire, Mrs. Frank Hilbert, Mrs. Dennis Holmes, Mrs. Herbert Kayser, Mrs. Francis Erpelding, Mrs. Mark Thilges, Mrs. Milford Plathe, Mrs. E. J. Gales, Mrs. Irene Bormann, Mrs. Adeline Wagner, Mrs. Sylvester, Mrs. Alfred Reding, and Mrs. John Hilbert. A C. D. A. workshop will be held Sunday at Wesley with Court Fidelis as hosts with members of St. Joseph's court invited to attend. SHOWER IS GIVEN ; iRuth Ann Kellner was given a pre-nuptial shower Sun- day'afternoon in St: Joseph's 'hiallfwiCh'relatives and friends aittending. Assisting at gift table were her sisters, Marilyn and Cyrilla Kellner. The afternoon was spent playing 500 with Mildred Bormann and Mrs. Jim Bormann receiving prizes. Mrs. Peter Bormann received the door prize. Miss Kellner, daughter of the Cyri'll KeUners, will be the •bride of Carroll Primrose, son of the Delbert Primroses, Sh&llsburg,, Saturday, Nov. 18 'ait 11 a.m. here in St. Joseph's 'Catholic church. ATTEND WEDDING The Orville Wagners and 'Barbara had guests Sunday evening for a barbecued chicken supper for the Wagner family as a bon voyage for (the Nick Redings, Algona. They left Tuesday by plane for Phoenix, Ariz., to attend the wedding of a granddaughter, Jolene Reding, daughter of the Oletus Redings, to Steven Johnson, Los Angeles, €alif., Nov. 11 in St. Theresa Catholic church, The Orville Wagners took the Redings to Sioux Falls, S. D., where they took a plane. The Wilfred Kohlhaases, St, Joe, accompanied the Dick Girreses, West Bend, to St. John's prep Seminary, College ville, Minn., for parents day. Mrs. Ed McGuire, St. Joe, and Mrs. Luke McGuire, of Burt, spent Tuesday ajnd Wednesday in Dubuque with -their sjster4n-law Sister M. Adeline ,O. S. F, at Holy Family hall. The M. T. McGuires left on Thursday for South Dakota Cor a visit with Mr. McGuire's THOMAS FUNfRAlCHAPU mmwmm vau t**VBB VJLi'*«B^ V(^C JUHK ddrft, CeiitervUle, is tepfld', ing this week with his grandparents, the Raymond Kohl- Haases, St, Joe, and the Wed* del Ringsdorfs, Burt. following the Centerville*Masoti d* ty football game Saturday evening at Mason City the Joe Ringsdorfs spent the weekend relatives here and at Peterson bt Elm&re". Mrs. tfohnsott ,of Ukota is a fii'st <fcjj*i« of Mrs, Anderson, THosd from the area who at/tended ^the funeral services nl ElmoreVere Mrs ( - ttora. John* son and Paul of Lakota. Mrs Don Arndorfer of Bancroft.'Miv and Mrs 1 . J6e Jdhnson. Mr, ami Mrs. poh Jbhhson. Mr. and Minnie The Ed Andrelinas, Medicine 'Lake, Mont., visited relatives and friends here and attended the funeral at Cleat Lake of an uncle of Mrs! And- relinas. Three are killed in Minnesota head-on crash A former Bancroft; resident, her husband and 13 year old son. were killed instantly in a car crash in Minnesota on Sunday, October 29. Mr. and Mrs. Ole Anderson, , ,the former Florence Peterson, daughter of the late Mr. and Mrs. Ole Peterson, -and son, Kim, were returning to their home at Red Wing, Minn, on Sunday afternoon, October, 29 when the fatal accident occurred in which all met instant death in a .head on collision v •with another auto at the 'crest of'a hill. . : - . Mrs. Anderson attended the Bancroft Public School until moving with her family to Elmore, Minn. She and her husband owned and operated the Hill Top Cafe and garage in Elmore 'after their marriage, until moving to Red Wing. Survices for Mrs. Anderson, 51, Mr. Anderson, 59, and Kim, 13, were held in Red 'Wing,, Minn, at-9 a.m. Thursday, Nov. '2, and at El'more the same af- Ltorns dtoth of formtr Lokoton Lakoto; Mr. and Mrs. „.,,, Heetldnd reeieved word Thursday evening, of the death of Wade Ball. Mr. Ball had reach- eld the age of 76 and died ol' an apparent heart attack ait Mead' ville, Missouri, where he has made, his home since the death of his wife, the former Julia Lesveld in August, 1963. Mr. and Mrs. Ball were former Lakota and Algona residents moving to a farm at Wheeling. Mo. in 1950. Burial was at Laredo •Missouri. ARRIVES IN VIET NAM . Ledyard: Mr.' and Mrs. Jack Kreb'sbaoh have received' the following address from their and Matching Rolltbout Stand , » THE FLAG IS FLYINGJN • - . Mi if ayne MN MEMORY OF 0,Bjttflrom World War 2 ~ Army Air Fore* EASTUWN OFFICE — ,708 S. Phillips, Algona, Iowa 9 — 5 Monday through Friday Saturday 9—12 A.M. . Sunday 1 — 5P.M. THIS HAPPY PAIR want the most in savings convenience! And, with a joint account here, that's just what they get. Passbook flexibility that lets each of them add or withdraw funds whenever they wish, while the handy passbook shows their quickly growing savings balance at a glance! Shouldn't there be a joint account in your family? Convenient Passbook This it tht best all-around savinflt plan for •vorybedy r tht best way to have meney available when you need it , . , tha tat way te buildsmell tumi into large, Dividondi «r* paid twice a ytar, Put any amount into your account»., any time, |mbolm«n ana) Diraxtora |4 Nawf Saivlca M«y |f iff irftaj Tt Ui HOME FEDERAL Savings & Loan Assn. All Af<«vnt« Fully ln«ur«d * |1$,OQO S«ve Frew >^» }5tb «. Earn From It** M ilNCi If II -- AUQONA, WWA ON FASSiQOK f AVINOI AKQ fVatONTH INV|STM|NT CflTIFICATff »vings Accounts insured up to $15,000 by F eder»l S*ving« and Loan ln*ur»nc« CofVQtf&ot

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