The Tipton Daily Tribune from Tipton, Indiana on April 5, 1962 · Page 6
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The Tipton Daily Tribune from Tipton, Indiana · Page 6

Tipton, Indiana
Issue Date:
Thursday, April 5, 1962
Page 6
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PAGE 6 Kennedy's Plan To Cut Wheat Planting Gaining Support By BERNARD BRENNER United Press International •WASHINGTON (UPI) — President Kennedy's new plan for slashing wheat planting-. allot. i : _ THE TIPTON DAILY TRJBTTNI 'THURSDAY, APRIL 5, W«2 ments to cut the government's huge wheat surplus appeared to be gaining strength today in the House and Senate' Agriculture committees. Chairman Allen J. 'Ellender, D- La., of the Senate committee said in y an interview the group was "close to agreement" on a wheat program very close to the administration's plan. Bumping or painting- Our men are the best in their field. • • Bring your car in now for * Free Estimate * Expert Servite SERVICE MOTOR COMPANW 123 So. Independence OS 5-4549 The outlook for the plan - was also reported good iff the House Agriculture Committee. B o, V h committees have Been • debating the wheat program, part of the; President's, controversial "omnibus farm "bill, .in closed sessions for several days. Ellender revealed," meanwhile,', that-he has come up with a plan j to trim down the coverage of another hotly contested administration proposal aimed at reducing the surplus of feed grains. The original administration plan calls for feed "grain growers to decide in A . referendum whether they will accept acreage controls, with penalties for violators, as an alternative' to abolishing federal price supports. Ellender said he'll try to persuade his committee to adopt the tough administration plan only for corn and grain, sorghums. Producers'. of oats and barley would not be-forced .to choose between controls or abolition of price supports. Individual growers of thest crops, however, would not be eligible for supports if they boosted acreage above' recent levels under Ellender's plan. ' . The wheat program under debate in the two congressional farm committees would be aimed at cutting the wheat surplus down to a safe reserve level in three to five years. Price supports tinder the program would be converted to a two-price basis. Observe Scribe Advance for Thursday PMs 4-5 EDITORS NOTE: "Anybody in Washington," said an old| timer, "who hangs out a, sign ' saying ho is serving, a free drink and a free pork chop, had . better prepare for a stampede." The cocktail party is • major - industry in the-nation'* capital. The following dispatch explains who organizes the parties and who goes to them. The writer is national reporter of United Press Internationa'. By HARRY FERGUSON United Press International WASHINGTON (UPI) — Residents of the nation's capital suffer from an ailment which -a psychiatrist might call "cocktail -compulsion." Its symptoms are irrational and irresistible desires to give or attend cocktail, parties. The ailment has reached epidemic proportions and there is no known cure. Any person with governmental, diplomatic or journalistic connections who is not suffering from a communicable disease or been SCHOOL OF REAL ESTATE Our next class for the May 16th examination will start on April 9th. This instruction will be for SALESMAN LICENSE only. Tuition terms offered. Write, phone or call for complete information. EDWARD A. HECHT 84 South 9th St. —NOBLESVILLE— PR 3-3700 convicted of i -a felony easily can attend 1,450 cocktail parties a year, or about "four a day. Not small gatherings in living rooms, but alcoholic mass meetings with a receiving line and an orchestra. Anybody planning to play the full schedule should pause and consider the case of the young at­ tache at one-of the big embassies who.contrfcted "cocktail compulsion", in .its most virulent form He conceived it to be his duty to accept every invitation he received. He immediately began playing at least a double-header every day and the more places he went the 'more invitations he received. He stood up pretty well for about four months and then came the critical day when he was scheduled to attend seven parties between 5:30 and 7 p.m; Two weeks later he was sent home- for reasons 'of health. The minority opinion was that he con tracted stomach ulcers. The ma jority stoutly insisted that he list tened to much inane chatter that it unhinged his mind. Lacks Night Lifev As world capitals go, Washington is a small town and getting smaller. Between 1950 and 1960 the population declined from '802, 0000 to 763,000 because of a flight to [the Maryland and Virginia suburbs. It doesn't have much theater. There are a few night clubs and the usual allotment of movie houses. But there is no night life such as you find in London, Paris or Rome. Washington is the na tion's political capital, but New York is headquarters for entertainment and culture. . The result is that»entertainment here is on a do-it-yourself basis: Socially speaking, the people exist by taking in each other's washing. !Some entertaining is for business reasons. The town swarms with lobbyists—they give about 400 big parties a. year—who : are seeking preferential treatment for their clients. They "concentrate on members of Congress and officials WINDFALL, PETROLEUM CORP. invited *ljbii ^Jo See IND THE "BRYANT HEATING \ AND COOLING SPECIAL" ic WILL RUN IN 500 MILE RACE - ' t This Car V/ifI Windfall At Our Show Room -Frjday - April 6^(5 to 8 p.m.) DOOR PRIZES! Also See Our Complete Line of. Bryant Heaters and Boilers! DOOR PRIZES! Last Years 500 Mile Race Films Will Be Shown! Warm/Domini/ £A§ HEATERS Circulator Mas.ll This Heater Installed With 500 Gal L-P Gas Tank And Meter Complete $239,50 -THIS MONTH! "LONG" rain Bins * Barely Bind Dryer * 3 f 30(JBij. Bin (With Fan & Dryer Unit) lete $ i F.OJ3. YOUR FARM •IV "' PH. LY 5-3415 or Sharpsville 963 2419 of the executive departments on the theory that nothing oils the machinery, for favorable legislation so effectively as a.steady flow of martinis down governmental gullets. . Press agents also abound- here and bombard newspaper men and broadcasters with things like this: "Cocktails. Federal Room, sutler Hilton Hotel, 6 to 8 p.m. To meet Joe Zilch," Joe can be almost anybody, but usually he is a man who wants to see' his name in the papers and has the money to indulge his whim. Duty Bound There are about 100 embassies and legations in Washington and they are duty-bound to give two or three big parties a year to celebrate' their independence day or the birthday of a king, president or prime minister. They bait the trap with the best food and drink available here. The French, with their genius for cuisine and the best wine cellar in town, attract crowds, that compare in size with the mob that stormed the Bastille. The Russians put on a good 'show, too, but their- attendance varies. A reception at the Soviet Embassy is an effective barometer of the state of the cold war. If things are going well, all the top-level -people turn out. But the Russians gave a party just after the VZ\ incident and received a snow storm of regrets that • re-, sembled a Siberian blizzard. Finally there are the gifted hosteses who give parties just to flex their'social muscles. Some of them are- widows, some are 'married,- some are just lonely,' but they have- one thing in common —money' and the will to spend it. ' Still the Champ •: The winner and still champion of the world is Mrs. Perle Mesta. She is a wealthy widow who moved to Washington from Pittsburgh several years ago.and cast a wide and deep net on the social waters. Somewhat to her surprise, she immediately began hauling in some pretty big fish: She; was immortalized in the musical comedy "Call Me Madam," and the truth is that the amazing antics of Miss Ethel Merman in the starring fole stretched the facts only slightly. Part of 'Mrs. Mesta's success is due to her knack of persuading the guests to furnish the entertainment. Among her successes she lists a piano solo by Harry Truman, a buck and wing dance by the late Albeit Barkley,and a tyaritone rendition "of "Abdul, Abulbul Amir" by Dwight Eisenhower ' shortly before he ran for -President. Of all the people in Washington, the freshman .congressman is the easiest for a host-or,hostess -to trajj. He is* here for 'only two years with no. guarantee that he will return and he has tp taiake hajr 'while., the . crystal co&tail glasses '• shine, fit at least his ;wife issues .such-order$:' " t . '<• .•...'•.'••!''. ,i>«ptnds On,Occupant . Social 'We in the' White House depends ./entirely on the oocupaht. The Coolidge and Hoover administrations were/known as the social ice ^.age. .Prohibition was in effect and" neither President had any natural convivial inclinations. With repeal; things.loosened .up somewhat; and "the Roosevelts started serving wine' at -their dinners. Trumah , and Elsenhower continued that practice,.; but the pre-dinner cocktail still was miss ing. ' ''.-'•'•.-••••-'•. Now. guests canchoose - their cocktails from a tray carried by butlers who cirpulate among, the pre-dinner guests. President Kennedy made another change: In previous administrations the Pres ident and his wife, said good night and disappeared, usually before 11 pjm. Kennedy frequently lingers and sees the last guest out of the front door. A $ W Drive In now ^japen daily at 11 aon. Try oar quick service for lunch. . C-160 U. 1 SAVINGS BONDS REPORT OF AN AFFILIATE. A HOLDING COMPANY AFFILIATE OF A BANK WHICH IS A MEMBEROF THE FEDERAL RESERVE SYSTEM, PUBLISHED IN ACCORDANCE' WITH THE- PROVISIONS OF THE FEDERAL RESERVE ACT Report •* of March U, Wto* Tipton-Hamilton Gravel Cerpara Hon, Tipton, Indiana, which it affiliated with Farmers Loan A TrwT Company, Tipton, Indiana. Kind of business of this affiliate: To buy and sell gravel at wholesale and retail; to own and operate gravel pits for the purpose of obtaining gravel for such, sales, and its allied and interdependent lines of business, to buy. sell and lease real estate necessary for the operation of Joe business of the corporation; to borrow money..execute notes and.mort­ gages, and own and sell real estate and securities of any and.all kinds,, taken in exchange, in the proper course of business and to do any. and. all other things necessary and proper tp carry on a general gravel producing and sale business. Maimer in which above-named organization is affiliated with member bank, and degree of control: _, . Affiliation through interlocking directorate and stock ownership. Financial relations with bank: " -j Stock .of affiliated bank owned by the affiliate (par value) Loans by the affiliate to affiliated bank , -. Stock of affiliate registered in name of affiliated bank or known to be owned by bank directly or Indirectly (par value) ...... . 'I! - - * 8,500.00 Borrowings from affiliated bank, including acceptances ex- i •• ecuted by affiliated hank for account of affiliate and se. curities sold to affiliated bank under repurchase agreement . Other obligations of the affiliate to. or known to be held by, - affiliated bank ~" ' Other information necessary to disclose fully relations with bank:- - Nona .1, Hugh M.- Carter. President of Tipton-Hamilton Gravel solmenly. swear that the above statement, is true, to ihe best of my knowledge* and belief. S Nona I None • Nona }'%w Nona ! my knowledge ^^^^^^^^^^^ REPORT OF CONDITION Of FARMERS 1.0AJJ * TRUST COMPACT. OF Tipton. Tipton Count jr. Indiana, a member •( the -Federal 'Baser** Systiai. at the close of buslness.on March !«. 1»«2. "Published In accordance with the rail jsada by the Federal. -Beserva Bank of this district pursuant to the nravlsleas at 'the Federal Bess*** Act - • ASSETS Cash, balances with other banks, and cash iterns In process of . collection — ;-"...'... United States Government obligations, direct and guaranteed.. Obligations of States and political subdivisions .. ........-i Other bonds, notes, and debentures (Including S None securities of -Federal agencies and corporations not-guaranteed by U.S.) Corporate stocks (including :S10,5Q0.0O stock of Federal Iteserve Bank) ,Loans and discounts (including *94.8« overdrafts) Bank premises owned $87,500.00, furniture *' fixtures S10,45«.3{ (Bank premises owned .are subject tp | -None Uens not as' sumedby bank) Ueal estate owned other than bank premise* .... - •......... Investments and other asset*-indirectly representing bank premises or other real estate 98«.SSL2t M7S.5ZI.50 236,337.01- Kooa io.5n"o.oo 2.387.439.16 ' S7,95S.3i. Nona Customers' liability to this bank on acceptances outstanding .Other assets - . TOTAL ASSETS -..! LIABILITIES Demand' deposits of Individuals, partnerships, and corporations. Time and savings deposits .of individuals, partnerships, and corporations • ....'. . ...". ..-J.*. -..:. .:. Deposits of United States Government (Including postal.savings) Deposits of States and political subdivisions •.'. •Deposits of-banks ' - ' -. Other deposits (certified and officers' checks, etc.) TOTAL DEPOSITS $4,78«.345.39. (a) Total demand.deposits ...... . .... 12.• 0!ti97Z.S4 (b) Total time deposits .$2,077,373.05 Mortgages or other liens, JNone on bank premises and JNone on other real estate '. .' ... Rediscounts, and other liabilities for be trowed money :,. Acceptances executed by or for account of fhis bank and outstand­ ing •'. ...'. 1.-...-.. Other liabilities TOTAL LIABILITIES ... • ••• . CAPITAL ACCOUNTS Capital: (a) Common stock, total par Value : .$100,000.00) (b) Preferred stock, total par Trahj" Nona None 9,424.41 5,403,741.74 2.070.690.97 2,065.373.05- 84.37t^t 499,439.09 S«,4«5.1*V^ •- -Nona... Nona. -Nona - 39.99C.70 4,82(,312.09 $Non»V None) None) (Total retirable value I (c) Capital notes and debenture* . Surplus : ...... — .......... Undivided profits — — Reserves (and retirement account for preferred capital) . • TOTAL CAPITAL ACCOUNTS ...:.." '.. TOTAL LIABILITY AND CAPITAL ACCOUNTS MEMORANPA Vssets pledged or assigned to secure liabiliues and for ether purposes ' '..-.-..-. :'^- 1 " . (a) Loans as shown above are after,deductions of reserves of (b) Securities- as. shown above are after deduction of valuation,:. reserves of — .... .'l.-. r : ...... T lOP .OOO.Qt 2S» O0O.0S 21t.B97.8S . 10.801.77 577.399.(5 5,403,741.74 Mir.soo.oo; 12,884.24 ,' : |' : tiona I, Donald Essig, Cashier of the jabove-named. bankv dpihefebyr declare that this report of condition is true and;cor£ect,^ ; thel>est^'jay: knowledge and belief. '"'' "' r -' • ;' '• • • . We, the' undersigned directors attest the correctness.of. this reKort of condition and declare that-it has- been-examined- by' us-and-t<^ the he* of' our knowledge and belief is true-and'cdrrect. • . • • "j'V.c < ""'•' IW9IS0N A. SMTTSODT ' . HILtON H0BBS ... V < ,• Hu£rHM:CART£R.' .v: 7 *;..- j • -'-'A'. :.' •':•- ^PitabMw.v : •poucr 1 |$0<r--Mn.I)oioOflr • Worlay points to are* neex ' her 8antav Vaaathv Cant« . home when tin •scaped Baa QUenUn conTicta wanround- , - td up by<.poliee; thara her ' «lor' l>lkM. whose eonttoued ^rkmg lad hat to eailpoUca. CHECK OUR PBICES FIRST - - ; ;.'•[' These Are All" A-i Bargains! 19624 Dr. H - T op Bonneville $3,495 - ' Power Brakes - SrWlng --. 1960 Buick Convertible .-: All >• $2,395 1960 Ford 4 Dr. Hardtop $1,795 1960 Ford 2 Dr. Hardtop 1960Chevrolet4Dr.H-Top $U95 •' • »'• ' ' : '.-"-'• .•'••IB»P*I« ••'- ' '-•"' ' 1959 Ford 4 Dr } 975 1958 Chevy 4 Dr. $1,095 1958 Ford 4 Dr. . $895 1956 Chevrolet 4 Dr. : '• Ha: $695 2-195SChevys 1957 Plymouth $ 495 4 DMF -S#tyi»ipi^> 19560ldsmobile4Dr. Hardly $ 545 Other Modeb on the LOT no* InclbeM in this Usting Baxter Motors

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