Argus-Leader from Sioux Falls, South Dakota on October 5, 1958 · Page 48
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Argus-Leader from Sioux Falls, South Dakota · Page 48

Sioux Falls, South Dakota
Issue Date:
Sunday, October 5, 1958
Page 48
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ID Sioux f tllf Artu-Letder ' Sunday, October S, 1958 ...HMCf .jjJjM .TfijT, Qjffiij, . II1. 1 1 m. mla TO BE DEDICATED Marker to Be Erected at ... ... V . : ' ' " " Sitting Bull's Death Site TO BE DEDICATED OCT. 12 Pierre It is quite likely that no South Dakotan has ever received the same amount of, publicity both favorable and unfavorable as that accorded Sitting Bull.' From 1866 to his death in 1890 his name was continually in the news and his name has had national at-tion at frequent intervals since that time. However, neither the place of his birth nor of his death has ever -been adequately marked. L ' ; . . . Hal Boyle Fircboat. Skipper Host To Celebrities , By HUGH A. MULLIGAN Substituting for Hal Boyle New York Vb Four or five times a month, Capt Roald L. Olson takes his fire engine out into New York harbor to embrace some very import ant visitor with a warm and wet welcoming kiss. As skipper of the fireboat John D. McKean, otherwise known as engine No. 57, 01- sen functions as a sort of Grover Whaleu greeter with barnacles and without carna tion. His job is to wave the official municipal hello with nozzles. Since a good many dignitaries of various rank and renown go flitting in and out of New York harbor in any given month, 01-sen has to gauge the gush of his greeting to the im portance of the celebrity, . Someone like Winston Churchill, who has sampled Olsen's spume, would rate the maximum cascade of cor diality. That is eight boats in the fire denartment fleet gathered round in a ring and each pumping 10,000 gallons of seawater a minute in sprays 100 feet high. It's a sieht that the visitor is likely to remember all his life., particularly if a stiff breeze fans a few hundred gallons across his brow. "When the atomic submarine Nautilus got back from the North Pole, we even broke out two or three rail hoses on each side of the boat, in addition to the five, big monitor guns on deck," Olsen recalled. "It was raining very bard, but that was a very special occasion so it called for more water." The extra rail pipes put the Nautilus on a social level with the Queen of England. But lesser nobility or events say the arrival of a new U.N. delegation or the opening of a new pier, might rate only two or three boats, depending on their standing in acquatic protocol. "It's like deciding whether someone should get an 11 gun salute," Olsen explained. "Fortunately, we . don't have to make the decision. The fire commissioner, sometimes even the State Department, decides how many boats win go ana what they'll do." Sometimes, if a water-front fire should break out at the same time, an eight-boat big shot is liable to f ind himself without a trickle of welcome. "When the alarm sounds," said Olsen, "we turn right around and head for the fire. no matter bow small it is or how big th visitor Is. That s our primary Job, after all. The eight boats have to pa trol 578 miles of water front, and we often get called down to Jersey or out to Long Island to help fight a ship or pier fire." Iowa Candidate Refuses Funds Des Moines, la. ' Dr. William G. Murray, Republican candidate for governor, told the Iowa Legislative In vestigating Committee in a statement Friday that he had rejected indirect campaign contribution offers of $25,-000 and $5,000. Murray said he rejected both offers. The $25,000 offer was made by three men, whom he can not identify, and the $5,000 offer was from a man whom he could only describe and did not know, Murray said. Madison Couple Gets $3,750 for Condemned Lots Madison, S.D. Dr. and Mrs. Harold E. Jensen have been awarded $3,750 by a circuit court jury for property condemned by the state for a right-of-way re-routing S.D. Highway 34 through Madison. Dr. and Mrs. Jensen had sought valuation and damages to their property between $10,000 and $17,000 while the state had valued it between $2,200 and $2,500. The state Highway Department is straightening a bad curve in Highway 34 within the city limits of Madison. Plans for the re-routing will take about one-third of five lots owned by Dr. and Mrs. Jensen. , Testimony in the case was presented earlier this week. L. F. Ericsson, Madison, and H. T. Fuller, Mltchea represented ' Dr. and Mr. Jensen. Walter" Mueller and Clair Ledbetter, of the attorney general's office, repre sented the state. OMLET COUNT DOWN White Sands Proving Ground, N.M. iftA mamma mpariftwlark. with better ma ternal instinct than evesight. picked a perilous place for her -nest bhe deposiiea clutch of seven tiny eggs on the launcher of a Talos mis sile. Technicians said they would move the eggs before firing, then put them back.- NO TO Ml & SIUUS DRAINAGE rtSS with New JSJiSw hloi omb Here KJtai tubM Uoul mvmi. A DECADE AGO, a Texan made an excursion to visit the place of Sitting Bull's death. He found it marked by a steel fence and a weather-beaten wooden sign. The Texan wrote an irate letter to the South Dakota Historical Society in which he decried the lack of recognition and of fered a contribution for an appropriate marker. From time to time the Society has made a further examination of the situation but found several obstacles. One was the out-of-the-way location site which is about 18 miles south of McLaughlin. A bigger obstacle was that kinsmen of the policemen killed at the time of Sitting Bull's death (Dec. 15, 1890) and the kin of the "Ghost Dancers" killed at the same time were in conflict about what might properly be done. Another obstacle was the fact that the owner of adjacent land was not too happy about people traveling over his land to view the marker. PRIOR TO THIS, Miss Mary Collins, while a Sioux Missionary, obtained a impressive marble . mounment with the aid of kin of the slain "Ghost Dancers." However this monument, carrying the names of the slain dancers, was never erected at the site of their grave. It was kept at Miss Collin's home for a number of years and then a portion of it was taken to the cemetery of the Messiah Congrega-gational Church at the mouth of the Little Oak Creek, a few miles west of Little Eagle. A YEAR AGO, a 40-acre tract of land which included the site of the mass grave was set aside as tribal land. j Last year the State Histori cal Society obtained permis sion from the Tribal Council to move the marble monu-' ment onto the tract and at the site of the grave. As this mon ument honors only the "Ghost Dancers, a marker of the type being erected through out the state by the State Historical Society was ordered. This marker will be dedicated Oct. 12, at 2.30 p.m. at a ceremony which will be conducted by Indians who live close to the site, v The Investors' Forum By HARRY C. FRANCE With the Dow-Jones Industrial averages comfortably through 500, and with myriads of investors gleefully viewing their large profits, a question that constantly arises is: "Should I take some of them?" I doubt if any question is more often asked today by stockholders than this one. Far too few people with stocks have a well-defined, carefully-thought-through security management policy. And it is in times like these that one is greatly needed. To establish one, a further question should be asked: "What are sound common stocks for?" Are they instruments of finance bought for invest ment to give the owners de pendable income and to par ticipate in economic grdwth? Or are they equities that are to be bought and sold for profit even as merchants buy and sell goods? Between these two answers lies a line of demarcation which differentiates the in vestor from the speculator. With most people, this line can and should be sharply drawn. Investors who do not need to take profits for other capital needs should keep their stocks. But at the same time there are thousands of investors with badly balanced pro grams who should take prof its to build up capital funds for future uses and conting encies. the less he thinks about insurance. Stock brokers of his acquaintance agree with his point of view and insurance salesmen can t get to first base with him. Yet today he, too, should cash in $25,000 profits, buy $30,000 long term 3 per cent government bonds and with this $900 a year sure income buy himself a $50,000 life in surance policy. It would tre mendously strengthen his en tire financial foundation. IN 1963, for example, suburban home owner will have an $18,000 first mort gage on his house mature His stock market profits are fabulous. At substantial dis counts, he can buy some United States Government short-term (five-year) bonds that will be paid off at face value in the year his debt falls due. v Should he take $20,000-$25,000 capital gains in stocks and buy $18,000 of Uncle Sam's obligations? Of course " h ahould. And since insurance should play a vital economic role in ? the lives of millions of heads of families, October of 1958 is a splendid time for many young fathers who are under-insured to revamp their finances. Long-term government 3s are selling for 89. Here is a young sales executive, age 30, who has had colossal stock market luck. Too higher stock' prices go, A HEAD WAITER in one of New York City's leading hotels has an incongruous fi nancial program. Successful speculation has gone to his head. He owns many "cats and dogs," as inferior grade se curities are sometimes called. He has no savings account He carries only $2,000 of in surance. His consumer credit debt is around $3,000. Yet his tips at the hotel are large because he is a favorite with many top executives and professional men. A complete reorganization of his financial life should be undertaken at once. His con sumer debt obligation should be paid in full. Hock buying should stop. He should take out a substantial 25-year endowment policy (he is 40). He should put $2,000 in a savings bank. And his risky speculative stock market activities should be drastically curtailed. He represents a large class of speculators who should take profits to set their own financial houses in order. Copyright, 195S, Gnerl Features Corp. SOMETHING MISSING ON BALLOT, HIS NAME Charleston, W.Va. W) Gov. Cecil H. Underwood found something missing on the bal lot in the recent West Virginia primary election: . ... His name. Underwood, 35, was elected to the House of Delegates when 22, and he served successive terms there until he ran for governor two years ago. .;'; ' :.: The primary marked the first time since he became of age that he didn't have a chance to vote for himself. He's not a candidate in this" election. AHOY BELOW Honolulu () A cabin cruiser reported stolen from its mooring turned out to have moved injust one directiondown. John Prentice discovered that his boat had sunk right at the dock. . ' . ',' ' " FEMMIEYB MORE far your money nif.un u. v.-,..iwj) iinmn ii .i ii r-i ri wr ri -" ipiwna.iiWiiniBiii jm ywmm ti m-m- .mmwiiiu .' u .w wKMlWMWgMwpw IIUjI , ii jjjji UM! III j .1 III.UMIUIBIJ.IllUjlMIWI HI v . ' a s v,- ' 4V Xf' ik'H II ;iiiiliiiis illPiliiil " 4 : x... 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GIRLS' 1 J Loden-Look COAT for smin AIPIHF .IfifSIfFTS I ?hawl cUar 1 I JUNIOR IS WASHABLE? B wiiwm rtmm wnwnHi w ana poctet lops mane a 3 s m " s 1 hit on Pennes' cotton 11 ... ill .. '' .. . "lit I iRidC M tl I -r Sheen gabardine Jacket. H - S -Hett7 c0 01? sheen With a - f U.U ' m m f " So does Penney'8 price! M M I l.oas l7. Z1f" ur. fl ranj: g W .... .,m m ' ard.. .p . ' H m all machine washable in U W H I m M cr ' ZU lukewarm water. Sizes 4-12 i f SPORT SHOP completely! Beige, red, g f? I g -1m SECOND FLOOR black, blue. Sizea S-18., g g r BOYS' DEPT.THIRD FLOOR , , - , . g I t ' . . ; f 1 H i Cotton sheen gabardine with . Orion pile lined hood, gay Tyrol braid, snug linings! Compare Penney's price. In lis red, black, natural. s.s Sizes 7-14 j GIRLS DEPT.THIRD FLOOR .EllMIIIIIM

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