Skip to main content
The largest online newspaper archive
A Publisher Extra® Newspaper

Lancaster Eagle-Gazette from Lancaster, Ohio • 4

Location:
Lancaster, Ohio
Issue Date:
Page:
4
Extracted Article Text (OCR)

AS YOU WERE BY JIM BAKER Your Money WION PAGE twp 4, loncostef Eogle-Corette, Thursdoy, June 7b. 1 980 A BIT MUCH Anyone approaching THE HALF-CENTURY HARK my RECALL THE TIME WHEN THE SUN ALWAYS SHINES IN OHIO" WV4S THE STATE'S UNOFFICIAL MOTTO. yOU SAW IT EVERYWHERE. Gifts Of Stock THE PHRASE FELL INTO Problem Solved? STAT1SICAL KILL-JOY POINTED OUT THAT OHIO ACTUALLY WERAGED SUNSHINE ONLY 37 OF DAYLIGHT HOURS residents were persistent. It appears the eounty-powers-that-be decided to sit down together and get the ball rolling.

WHILE on the subject of county government, perhaps a much-respected official is unaware that a member of his staff should be encouraged to treat people coming into the office with a little more respect and reminded that those seeking assistance or confused about something are the people paying his salary. The office in question is not related to the Bethel Road incident. IT APPEARED to be "six of one and a half dozen of another," but that's really unimportant. The important thing is the problem seems resolved. SOME BETHEL Road area residents were upset at the condition of the road.

They weren't great in numbers and became frustrated at being unable to get answers. If several dozen people descend on public officials and speak loudly, you generally get prompt action if there's been a foul-up and something wasn't done that should have been. NONETHELESS, the Bethel Road DID YOU GET THE 7 MOTTO PAINTED ON )iVfri' THE BUILDING i mAS'l M1NIN LONG I Traffic Fatalities Assignment PMi.BoM.ii. Team For Mental over-stated when it comes to preventing fatalities. While last year's total of 519 deaths represents only about a quarter of the total, their arguments have a few holes in them.

Excessive speed accidents are those where the speed limit has been definitely exceeded, but speed can be a factor even when a vehicle is clocked under the posted limit and there are other conditions, such as weather and traffic congestion, to be considered. THE NUMBER of fatalities caused by drunken driving also rose in 1979, to 338 from 275 the previous year. EVEN IF anti-55 m.p.h. limit motorists' arguments were proven valid. that it doesn't really conserve fuel or prevent accidents a new factor comes out now that has to be considered.

Roads and streets, for lack of funding, steadily deteriorate. Hit a chuck hole on an interstate at 55, then hit it at 65. OHIO EXPERIENCED its biggest, one-year increase in traffic fatalities since World War II last year. This will and should trigger a "get-tougher" attitude by law enforcement agencies throughout Ohio, and especially by the state patrol. THE, OHIO Department of Highway listed 2,219 fatalities last year, 256 more than in 1978.

Not since 1945, when gas rationing ended and thousands of servicemen returned home, has there been a greater increase. The 2,219 is the highest toll since 1973, but not up to the record 2,778 of 19C9. SINGLE VEHICLE accidents resulting in deaths rose dramatically in 1979, from 720 in 1978 to 906. That's a 26 percent jump. Deaths caused by excessive speed increased 23 percent, from 405 in 1978 to 519 last year.

THERE ARE those who claim the 55 mile an hour speed law is highly Speaking Out Side Our Readers Write ACTRKSS Jennifer Jones ana her third husband, multimillionaire Norton Simon, came to town this week to explain their decision to invest huge chunks of Mr. Simon's fortune in the cause of mental health. As they settle into velvety chairs in a Manhattan hotel suite, so handsome, so obviously successful, they seem an odd couple to be deeply concerned about menial problems but within dispel any notion that wealth brings peace of mind. "I have been in psychotherapy since I was 24, and still am," admits Jennifer, who is now 60 but still has the apple cheeks and eagerly innocent eyes that helped win her an Oscar in "Song of Bernadette" three decades ago. In spite of that, "I have attempted suicide three times, when I was at points of deep despair.

It was a cry for help." HER FIRST husband, actor Robert Walker, spent several months in Menninger's Clinic following their divorce, was released too soon and died after a psychiatrist injected a sedative to calm him during an alcohol-abetted attack of violent depression. Jennifer's second husband, the legendary producer David O. Selznick, died suddenly of a stroke, leaving her confused and berefit. And their daughter, Mary Jennifer, aged 22, plunged to her death from a Los Angeles hotel roof four years ago. "I was devastated when Mary died," Jennifer says quietly.

"She had gone through treatment and, I thought, was at peace with herself, on the verge of the world being her oyster. You never know about the mind." Norton Simon watches his wife with compassion. At age 73, the former industrialist tycoon speaks softly and resembles Edmund Muskie in brooding moments. It was he, Jennifer says, who pulled her through; Simon himself has been involved have to absorb the hi gher gasol ine prices? Did you "know that drivers pay 30 cents a mile for every mile they travel? That doesn't make those west side passengers going to the east side very profitable, without more than one passenger. Next time you ride and the driver has another call to pick up, don't be rude and complain.

Next time you call a cab, be ready. Not only are you wasting the driver's gas, but he may have two other fares to pick up that you are making wait. Be considerate. I praise these cab drivers. Without them I'd certainly be lost.

Reformed Rider DISFAVOR. WHEN SOME in psychotherapy since the early 1950s when he'd amassed his fortune, believed to be hundreds of millions of dollars. "IN 1950," he says, "1 decided I wanted to pave my way out of the business." He brought industrial psychologists into (he Norton Simon conglomerate empire, a radical departure in those days, to help deal with the conflicts of business and find a successor. "I became deeply involved at that point, and have been in personal therapy and group encounter sessions for years," he says. "I wish I had known 30 years ago as much as I know today," he adds philosophically.

When his 37-year marriage ended in divorce, and he met Jennifer, it was their mutual "profound involvement" in psychiatry that attracted them to one another rather than her obvious beauty and fame, or his obvious riches. They "didn't connect" on the first date, at a small Los Angeles party," she recalls, "because Norton was preoccupied with his art project." A renowned collector, Simon founded the Norton Simon Museum of Art in Pasadena. "On the second date, however, I brought along my psychoanalyst to look him over," she grins. "I was gold-digging for a project I was working on, the Huntington's Disease Foundation." Later, Simon brought his own psychoanalyst into the budding romance, to assess Jennifer. They were married three weeks later with a premarital "Norton said to me, 'I'm a crook and you're a crook what do you Both smile.

"So he gave a substantial sum to the Huntington's Disease Foundation, and didn't get much from me but a dowry of chipped china and worn Porthauldt sheets." "Oh yes, I did," Simon says softly. "We had a lot in common." The result of that mutual interest is The Jennifer "Jones Simon Foundation for Mental Health and Education, which will sponsor a series of ex their dangerous side-effects, as the world learned when birth deformities were traced to thalidomide in the early 1960s. But the sad joker in the case of cyanoacrylate glue is that it has been in use outside the United States lor some 25 years with no record of untoward complications. It was used as an aerosol on open wounds in Vietnam, where it saved hundreds of lives in the field and in military hospitals. Since the Vietnam experience-surgeons have learned how to feed it down the esophagus into the stomach and intestines.

It seels bleeding ulcers in a matter of seconds, enabling them to heal quickly without interference from digestive acids. Reason Magazine says the use of cyanoacrylate can make surgical treatment of ulcers a matter of the past. It has also been used in foreign hospitals for preventing the rupture of aneurysms, particularly in the brain. THE FOOD AND Drug Administration, according to Reason, has refused to license the medical use of the. glue The Bad John (Fourth of nine columns) AS A GRADUATION (wedding, anniversary, birthday, whatever) gift, you have decided that this June-July you will bypass a gift of cash and give a favorite child or grandchild stock.

Specifically, instead of giving $1,000 in cash, you're giving $1,000, worth of stock. It makes little difference to your daughter: Your stock is almost as negotiable as cash. But it can make a big difference in your 1980 tax bill if you choose the RIGHT stock to give. To start with, study your portfolio of stocks that you consider the likeliest gift choices. Then, use the illustrations that follow to decide which from the list is the one stock that saves you the most tax dollars.

Say you bought 100 shares of XYZ Co. stock on 1978 at its low point of $6 a share and that since then, it has run up to $10 a share. You think XYZ is around its peak and you plan to sell. ploratory workshops to exchange ideas on mental problems, research, treatment and overcoming the stigmas they create a broad-based, economically open-ended think tank. The first workshop, to take place the weekend of June 27 in Pasadena, will be chaired by Dr.

Herbert Pardes, Director of the national Institute of Mental Health and will feature input from 24 experts on the subject from around the world. "It's just the beginning, discovering in an informal atmosphere how Bicycle Beats The Mailman IRVINE, Calif. fcAP) Averaging about 10 mph on his bicycle, Clint Worthington beat the postman's appointed rounds in a race against five letters he mailed 39' hours earlier in Phoenix and Sun City, Ariz. Worthington, a 20-year-old bank employee, dropped the letters in post boxes on Monday night and pedaled 415 miles back to Irvine. Two letters arrived 25 minutes after he returned Wednesday.

The other three weren't in Wednesday's mail. A U.S. Postal Service spokesman said Worthington gave himself a big head start on most of the test letters "by putting them in boxes where he knew mail wouldn't be picked up for almost 24 hours." Worthington has been "blackening the Postal Service in his quest for publicity," said Hector Godinez, the Postal Service's district manager in Southern California. Worthington decided to lest the speed of the mails because bank customers had blamed their late loan and mortgage payments on slow mail delivery. "I have to charge people past due fees on their loan payments and it's not the customer's despite 27 years of application in the U.S.

armed forces, where FDA writ evidently does not run. Beyond this military experience, the drug has had ten years of intensive general surgical use overseas. It was already in use in Japan in the early 1960s for sealing wounds, mending torn intestines, and broken bones, neurosurgery and gynecological surgery. The Swiss, French, Germans and Canadians have all accepted it. Fears that the glue might be a carcinogen provoked an experiment on the chcekpouch of a Syrian hamster.

Dr. Gerald Shklar, head of the Harvard School of Dental Medicine's department of oral medicine and pathology, who carried out the experiment, says, "Our model was very good" the hamster's chcekpouch is a "very delicate mucous membrane." If the cyanoacrylate was carcinogenic it would surely have caused a tumor. But the results were "completely negative." Reason accuses the FDA of passive complicity in the deaths of patients who might have been their son and daughter-in-law, Mr. and Mrs. John McFee, met them.

They were to visit at the latter's home in Arlington, Va. Mr. and Mrs. William Rutherford and son, Joe, visited in Cincinnati with Mrs. Rutherford's brother-in-law and sister, Mr.

and Mrs. Charles Smith and daughter, Ann. Health Lighter Chamberlain Past paid for the stock including brokerage fees and the date you acquired XYZ. But there may be a special reason why you do not want to give your daughter the XYZ stock. In that case, your second best choice from a tax viewpoint stock that is worth about the same as what you paid for it.

For instance, you may have bought 100 shares of ABC Co. when it was at $10 a share. Right now, it's still quoted around $10 share. Since you have no paper profit on this stock, you gain no tax advantage by giving it away. Your daughter, though, may come out a little better than she would with the XYZ shares, reasons Prentice-Hall.

The explanation is that she doesn't receive built-in taxable gain along with the stock. Her basis is your original cost $10 a share, or $1,000 for the entire block. If she sells ABC stock at once, the $1,000 she gets is tax-free. If she waits and sells for less than that, she has a tax deductible loss; if she waits and sells for more than $1,000, she has a taxable capital gain. THE WORST stock, tut one you might instinctively want to give to your daughter as a gift, from a tax is stock that is worth less than what you paid for it.

A special tax rule applies when you give stock that has a paper loss. The person who -receives the stock has, as a basis for determining any loss, the stock's fair market value at the time of the gift. For example, say you give your daughter 100 shares of ZYX that you bought at $17 a share. The stock is now selling at $10 a share. Your daughter can claim a loss only if she sells the stock below its current market value of $10 a share.

So she can't deduct the $7-a-share paper loss that the stock shows now and gain any tax benefit. If on the other hand, you sell it, you can take the loss and give her the $1 ,000 cash you receive. The above rules apply to stock and other property you give awav during vour lifetime. Due to the new windfall Profit Tax law, however, a different rule applies to property inherited from you. The Windfall Profit Tax law repealed the "carryover basis" rules that were scheduled to go into effect.

Under the carryover basis rules, your heirs would have "carried over" your basis in property. NOW, with the repeal of the carryover basis, your heirs' basis is "stepped up" to the date-of -death value of the property. As a result, any appreciation in value that oc- curred while you owned the property escapes income taxes entirely. (Note: This rule, though, does not apply to the federal estate taxes. The full value of I he property left in your estate, including any appreciation is subject to estate taxes.

Tomorrow: "Making Money" Supporting Your Parents Today In History By The Associated Press Today is Thursday. June 26, the 178th day of 1980. There are 188 days left in the year. Today's highlight in history: On June 26, 1945, delegates from 50 nations, meeting in Francisco, signed the United Nations charter. On this date: In 1284, according to legend, the Pied Piper of Hamelin, Germany, lured 130 children from the town.

Their fate was never determined. In 1844, President John Tyler married Julie Gardiner in a secret ceremony in New York. In 1937, Britain's Duke of Windsor, having abdicated the throne, married Wallis Simpson in France In 1963, President John F. Kennedy received a tumultuous welcome from more than 1 million persons during his visil to West Berlin. Ten years ago, Alexander Dubcek was expelled from Czechoslovakia's Communist Party.

Five years ago, the Supreme Court ruled that the mentally ill could not be confined against their will and without treatment unless they are dangerous or incapable of survival. Last year, President Carter held a town meeting in the city of Shimoda, Japan, and was greeted with courteous ques-' tions. Today's birthday: Actress Eleanor Parker is 58. Thought for today The United Nations was set up not to get us to heaven, but only to save us from hell Sir Winston Churchill (1874-1965). Ago Casey of Bowling Green.

Miss Doris Snow of Coshocton was in Lancaster for a visit with Miss Kathleen Dodds, daughter of Mr. and Mrs. John L. Dodds. Tommie Dodds had gone to Coshocton to be the guest of Miss Snow's brother.

Bob. It takes 40 gallons of sap, to yield a gallon of maple syrup. FROM A tax viewpoint, XYZ would be an excellent stock to give to your daughter. The 100 shares are worth in the marketplace, but the shares cost you only $600. The tax angle here is that you pay no tax on the $400 paper profit.

How does your daughter make out? Her top cost for the stock is what it originally cost you or $600. Sov if she immediately sells XYZ at $1,000, there's $400 in taxable gain. But almost surely, your daughter will be taxed at a substantially lower rate than you if she is taxed at all). Your daughter picks up your holding period for the stock at the time you make the gift. So, since between the two of you, the stock is held for more than a year, any profit she realizes from the sale is long-term capital gain.

TAX CAUTION: Make sure you give your daughter a record of the information she'll need along with the stock. It should spell out the total amount you these brilliant scientists see the problem," says Norton Simon. "Sharing creative concepts, contributing to our understanding if it works out, it would be the greatest achievement of mv life." JENNIFER HOPES particularly that the "stigma" eventually will be wiped out; "I cringe when I admit I've been suicidal, had mental problems, but why should she asks. "I hope we can reeducate the world to see there's no more need for stigma in mental illness than there is for fault, it's the Postal Service's fault," he said. He said he was testing a Postal Service standard that mail delivery between Phoenix and Irvine, southeast of Los Angeles, should take about two days.

Thou Shalt Not Steal Street S'igns CHICAGO (AP) Ignoring one of the Ten Commandments that says "Thou shall not steal," people keep taking signs from a Chicago street named alter Pope John Paul II. Alderman Aloysius Majerczyk said Wednesday that since Jan. 16 when a mile long strelch of 43rd Street was renamed Pope John Paul II Drive city workers have replaced signs 23 times. He said that when he checked Wendesday. another seven of 20 were missing.

The section of the street, in Majerczyk's ward on I he Southwest side of the city, was renamed because the pope traveled it in a motorcade during his a October visit to the city Majerczyk said he plans to ask police "to keep a eye out for nostalgia hunters" who he believes are taking (he signs. He said they cost $185 apiece. saved if they had only had access to drugs accepted after long experience abroad. Last spring Congress listened to testimony that American heart attack victims have been denied a death-preventing drug called alprenol, which has been in use in Sweden since 1967. Epilepsy victims were deprived of sodium valproate for more than ten years after it had proved its efficacy in Britain.

And the FDA kept many drugs used in Britain 'for the control of high blood pressure off the market for over a decade. THE TROUBLE, says Reason, is that there is no court of appeals for FDA decisions, no place for a doctor to argue the case for an individual patient. Once a regulatory agency is sel up by Congress, it escapes control. Bureaucracy takes over. A wise man once said that bureaucracy is the "cholesterol of empire." It can also be the cholesterol of a lot of other things, the freedom of the medical profession to make logical deductions from foreign experience included.

40 Years Mrs. L.F. Swinehart, Mrs. E. Nichols, Mrs.

A.W. Olvey and Mrs. C.L. Johnson made the arrangements for the annual outing at Rising Park for members of the American Literary Club and their families. A picnic dinner was a feature of the occasion.

Mr. "and Mrs. S.B. Hunt had as their guests, Mr. and Mrs.

M.J. is a Disagrees Likes Army Some time ago a letter was published about a trainee in the U.S. Army who claimed he was mistreated and physically abused. I'll tell you the real facts about basic training, where I am now. When I first arrived, I was yelled at constantly.

Sure I was scared, but so was everyone else. Since then, as I've learned what's expected of me, the yelling has ceased considerably. If I don't do what is expected of me, sure I'm yelled at. But, I expected this before I enlisted. The sergeants work with you in loud, harsh voices.

If (hey didn't, nothing would stick with you. They also have a great responsibility. That's making us into soldiers in a few short weeks. If I am out of bine. I expect to be corrected just as any oilier soldier should be.

I have run across people in my platoon who wanted to go AWOL and go home. I admit, I wanted to at first, but I didn't and I'm glad. You can't run from problems and responsibilities. Army life was a big change for me. I was a civilian for 18 years and was used to doing what I wanted, when I wanted.

I have been given plenty of responsibility but I'm not running from it. Every platoon has its share of crybabies and "mama's boys and girls." There is no room for them in groups of people trying to become men and women and, above all, while we are trying lo become the best soldiers we can. You can't expect to be treated like a manwoman if you don't act like it. The Army is a great place lo be and a great opportunity for people. It will be what you make it.

The benefits offered me in the Army are great in number. I have been given everything I need. I expect to be a fine man and soldier when I graduate from my training. Isn't that what the taxpayers want? I would highly recommend the service lo anyone I know, because it can't be matched. Private In Training No Sympathy I don't sympathize with some ot tne automobile workers laid off.

I worked 28 years for GM. You go into a company parking lot and find a lot of foreign cars parked by workers drawing their wages and fringe benefits from the American company. When they lose their jobs Ihey are the first to cry that the foreign companies are taking them. When you buy any foreign car to save a few gallons of gas a year you put about the equal of one man out of work one year. 1 believe if you make your money in the U.S.A..

you should spend it here. If the peopledid not buy these foreign cars, we would not need any law to restrict their import. People who drive foreign-made cars should not expect other workers to pay for their high taxes, their food stamps, relief checks and unemployment. John Jarvis, Lancaster J. These Days J.

Is Drug Lag? I found the article Thursday, June 19, about the reorganization of the Democratic Party and executive committee and the state of unity very distasteful. The only unanimous votes were by the Whittacrat dictatorship and followers. The actual Democrats were snubbed and shunned. It was not unanimous as stated. Many left the meeting before it was completed, without participating in the voting.

I remember beyond the present chairman's 12 years. The party had so many people go to the meetings there was standing room 'only. They were friendly and cooperative and helped any fellow Democrat who wished to run for office in the primary. They then went all-out for the winners, whoever they were. The present party leadership recognizes only a certain few candidates.

You rub my back and I'll rub yours. How about tearing down signs and ripping up literature in front of the owenrs of a small county business? They work against some candidates any way they can, like Mr. Mills, and aided in electing a Republican. The women's club used to decorate for the J-J Banquet, and held a raffle to make money for the party. Now special people are appointed for these jobs.

The women's club isn't even recognized, but is asked for financial help for those who haven't earned it. In the past, as many as 650 people attended the J-J Banquet; now they're lucky to have 300. When I Jhink back to those years, when the staunch Democrats worked for the party and candidates on the state, national and county levels, it makes you sick to think all our time and effort were wasted. The Democratic Party is now ruled by 12 to 15 people who meet in a little room on Fountain Square each month. It seats them comfortably, since no one else will attend the gossip sessions and charades.

I'm proud I served my time in the past when Democrats were Democrats and had minds of their own. and were not brainwashed by a few. I can go to the general election and vote for the persons I feel will better fill the positions. A Good Democrat From Past Years Good News "And the Lord spake unto Moses and unto Aaron, saying. How long shall I bear with this evil congregation, which murmur against me? I have heard the murmurings of the children of Israel, which they murmur against me." Numbers 14:26, 27 Sad to say that -every congregation probably still has its share of those whose calling has been reduced to complaining.

Taxi Facts THE UNITED STATES has been accused by Rep. James Scheuer of New York of a "drug lag" that allegedly deprives people of drugs that have excellent cure records abroad. Wayne Pines, an associate commissioner of the Food and Drug Administration, says the charge simply isn't true. A non-professional observer naturally feels diffident about getting into the drug lag controversy, but I have considerable trust in the journalistic acumen and integrity of Robert Poole, the editor of Reason Magazine. Mr.

Poole's California-based publication benefits from grants from the Reason Foundation Investigative Journalism Fund, and it has come up with a lulu of a story about the FDA's dealing with, something called cyanoacrylate tissue adhesives. This is a glue that "polymerizes" (meaning that it forms a chain of short fibers) upon contact with body fluid and adheres firmly to bleeding tissues. It makes a temporary seal that protects a wound while natural healing takes place. WONDER DRUGS can have Ago the first six months of the year. The Merry Hustlers Class of Trinity United Church of Christ donated 93 cancer pads to help stock the Liberty Township cancer closet.

The pads were gratefully accepted by Mrs. W.B. Motz, chairman of the Fairfield Grange Community Service Committee. Some interesting facts were told me recently by a local taxi driver. I'd like to pass them on.

Did you know each taxi driver works 12 hours a day, six days a week? Did you know all drivers buy their own gasoline (unleaded only) for the cabs and that even though gasoline has gone upnearly $1 a gallon since the last rate increase, the drivers eviewm 20 Years 30 Years Ago 10 Capt. Ralph D. Phillips, an employee of the Ohio Penitentiary, had returned to duty from the Ohio Correctional Academy, Chillicothe, after completing a one week seminar in correctional supervision. The seminar was attended by supervisors from Ohio's seven penal institutions. Berne Union Band Boosters Ago and the Athletic Association naa completed plans for the Fourth of July celebration on Berne Union School grounds in Sugar Grove that coming weekend.

The Amanda-Clearcreek Athletic Boosters met to discuss plans for the annual Labor Day Celebration. The theme chosen for that gear's parade was "Ileros." Mr. and Mrs. C.E. Weimer, Kahuku Oahu Territory, Hawaii, and their three daughters, Elsie, Lenore and Sarah, and Mrs.

Weimer's mother, Mrs. E.S. Hostetler, Orrville, were guests of Rev. and Mrs. Paul Weimer, Lancaster.

Mr. and Mrs. Alverd McFee left for Washington, DC, where Paul Lewis and his orchestra were scheduled to open the giant Fourth of July celebration, when they played for the 50 Star Ball at the American Legion Home on July 1 from 9 p.m. to la.m. The Crawf is Grange held open house on June 30, with a cooperative supper served at six-thirty.

The occasion honored those who had birthdays during.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

Publisher Extra® Newspapers

  • Exclusive licensed content from premium publishers like the Lancaster Eagle-Gazette
  • Archives through last month
  • Continually updated

About Lancaster Eagle-Gazette Archive

Pages Available:
677,007
Years Available:
1915-2024