The Central New Jersey Home News from New Brunswick, New Jersey • 24

24 THE DAILY HOME NEWS NEW BRUNSWICK. N. J- THURSDAY, MAY 19. 19fl0 Plucked i 4 i By SYLVIA PORTER Money Seen Easier to Get 'Round About Town Opinion! which may be expressed In this column are those of individual staff members and not necessarily those of the owners of the newspaper TURNS TO GOLF Now that John E. McAuliffe, chairman of the board at Triangle Conduit and Cable, has his horses in winning stride at Garden State Park, he is turning his attention over to his second love women's professional golf.

As sponsor of one of the richest tournaments for the women pros, McAuliffe has set up an introductory luncheon at Leone's Restaurant in New York City. The affair will be held Tuesday. June 7. and will attract sports writers and -J2twsi VWV X' -C The peak of borrowing costs for this cycle has been seen. The fierce credit squeeze which dominated our economy throughout the fall of 1959 and right into 1960 has passed in history.

The trend is clearly toward a greater availability of money for local corporations, individual businessmen, tomebuyers, home-builders, state and local The trend also is now toward at least slightly less expensive rates for the loans, less rigid restrictions on the loans. This tells you that: If you expect to need money for a project, big or small, in coming months, now is the time to start shopping around for the credit and to try to bargain for the most favorable terms to you. By the time you make a deal, you may be. pleasantly surprised at the savings in comparison with what a loan would have cost you only a short while ago. If you shelved modernization or expansion plans ealier this year because of the widely publicized credit pinch, now is the time to reconsider your plans in light of the changed conditions.

The attitude of lenders you approach may be much more sympathetic to you. If you were turned down flatly on a loan request during the credit squeeze, now is the time to go back to your sources, re-apply. Lenders are scarcely "hungry" for loans, so the probability is they won't approach you. You should take the initiative. If you are in the market to build or buy a house, now Is the time to check with utmost care the signs of changes not only in the availability of mortgage money, but also.it costs.

Authoritative reports are that mortgage rates are beginning to decline a areas which were charging 7 per cent or so on conventional mortgages are moving back to 6' areas which were charging 6'i are moving back to 6Vi; a few 5 per cent loans are being noted in the 6 per cent areas. Down payment and repayment loans are becoming a little easier too. And discounts on FHA and VA mortgages have shrunk. The changes are modest, but they're in favor of the borrower and that's the vital point. And if you agreed to extremely stiff conditions last year because your alternative was meet the conditions or go away empty-handed, now is the time to inquire whether the conditions can be liberalized a bit.

They won't be unless you ask. This not only gives you significant guides to handling your own financial affairs properly. It also flashes extremely important news about the state of our entire economy now. For one reason the money picture has shifted in that while business is it's not booming and the demands for credit are not' as massive as anticipated. Corporations are not scrambling for cash to finance inventories and expansion.

Homebuilding is down and so Is the need for mortgage money. Consumers are borrowing freely to buy big-ticket items, but their borrowing is not Mr. Khrushchev Is Unreasonable Whatever the real reasons behind Premier Xikita Khrushchev's attitude in Paris, the feelings which he expressed seem a clear indication that the summit meeting could have produced no profit this week if it had been held. Yesterday, for instance, he told a press conference that it "is impossible to negotiate with the United States if agreements made by one person become invalid when he is no longer in office. Khrushchev was speaking of President Eisenhower's pledge that there would be no more U-2 flights over Russia during his presidential term, with the added admonition that he could not speak for his successor.

Khrushchev kept banging away at this subject. "International relations," he said, "cannot be built upon the length of time a man is in office let us admit that perhaps an accord on disarmament could be signed. What would happen when he went out of office?" This is all ridiculous, of course. The President was completely honest when he said that no personal pledge he made would bind his successor. Would a personal pledge by Khrushchev (forgetting for the time being the low value placed by many on any Khrushchev pledges) for a moment be thought to bind his successor? And so far as Ike's going out of office at the year's end, history records that Russian leaders go out of office sometimes too.

The Russian premier knows full well that he is talking poppycock when he suggests that American pledges cannot endure. Ike would not pretend to bind his successor. But the President can, with advice and consent of the U. S. Senate, make treaties which bind the United States beyond the duration of the present term.

Khrushchev knows this full well. If the Red ruler honestly and sincerely wants permanent pacts for world peace the United States government can give him them. But, whatever the earlier provocation, when a man becomes as unreasonable as Khrushchev has been in the past few days, it is difficult to see how any leaders can negotiate satisfactorily with him, or even converse with him. flu I- By JACK SMITH Of Smith And Men on a scale to cause a credit squeeze. This is general prosperity, but not boom.

Treasury Inactive Letters to the Editor Story Clarified To the Editor: I have read your report of the council meeting in South River, I would clarify some of the statements by your reporter. He certainly construed his thoughts to give a wrong opinion. The Borough Council negotiated with the Sts. Peter and Paul Church for a right of way for a storm sewer thorugh the church cemetery property without much discussion or demands. A blacktop road was not even brought up before Mr.

Bodnar, the council's repre-sentative. The business at hand at the council meeting was the borough's negotiation with Mr. Wright for a right of way through his property adjacent to the cemetery for this same storm sewer. As for Wright and the church group, the church had never approached Wright for anything. He approached the church a few times to get a right of way for a sanitary line.

This in order to be able to develop other property he owns on the south side of the cemetery grounds. He offered a blacktop road, widening of road, etc. His lawyer had drawn up said promises quite a few years ago. But for reasons of his own, Wright never signed said contract. Recently, he approached the church group for this same right of way.

We are now requesting only about one-third of what he originally offered. As for a statement made by your reporter that "Mr. Wright contended that the church group previously agreed to let him construct a sanitary sewer line through the property in return for the right of way." I don't know what right of way you speak of. The church is not looking for a right of way. Wright is.

The thoughts here must have been misconstrued. The church already has a right of way as access to their cemetery since 1910. This right of way, especially going through Wright's land was given to the church by Mr. Bissett when he owned it on June 28, 1910. Wright acquired said land with that right of way in effect.

Certainly there could not be any negotiations for a sanitary sewer at that time. You can see whereby your reporter did not give favorable light to the Sts. Peter and Paul Church in his report of two complete different negotiations with two complete different parties for two complete different items. NICHOLAS DUROVICH, Chairman, Sts. Peter and Paul Church Cemetery.

golf officials from all over tne metropolitan area. The Triangle Round Robin this year is being conducted over the Knollwood Country Club in White Plains, N.Y.. from June 9 to 12. As usual, receipts will go to a worthy charity. This year the Reinach Turnesa Caddie Scholarship Fund Inc.

will benefit. The feminine contingent of golfers, representing the best in the game, will be competing for in prize money. LONG CHURCH SERVICE The Rev. Dr. Andrew Kosa, pastor of the Magyar Reformed Church, was in veteran company when he marked the 35th anniversary of his pastorate of the Somerset St.

congregation, recently. The minister was hosted by more than 800 people of all creeds at a testimonial dinner at the H.A.A.C. banquet hall and numbered among the guests were two other ministers with more than 30 years service in the Hungarian Reformed Church. It was brought out that Dr. Kosa is one of only three Hungarian ministers who have served for more than 30 years.

The other two are Dr. Imre Bessemer of Bridgeport, the Rev. Andrew Szabo of Alpha, N. J. Both are personal friends of the city clergyman and were among those to pay tribute to him at the testimonial dinner.

Dr. Kosa will be busy during the next few months. On May 27 he will preside at ceremonies to place the cornerstone at the new church school and in September will arrange the program for the formal dedication of the building. TAMAROFF PICTURED One doesn't need a magnifying glass to identify Jake Tamaroff, veteran New Brunswick printer, on the brochure put out by a prominent Catskill hostelry, but Jake has it handy for those whose sight may be a little weak. When Jake spent a vacation at South Fallsburg, N.Y., last summer, he was on the golf course when the advertising agency was doing a pictorial layout of the ho- tel and its surroundings.

Jake can be seen, just off the green, getting ready to make like Sam Snead on a chip shot. He doesn't remember how the shot turned out, but if it was a bad one he's willing to let the photographers take the blame. It's the closest Jake has come to realizing what the movie stars have to contend with. "There were cameramen all over the place," Jake says. REDS DID IT Sudden changes of position by Nikita Khrushchev have caused trouble in New Jersey as well as in Paris.

Art Color Printing in Dunellen had scheduled ceremonies inaugurating the first printing of Newsweek Magazine in its plant. Then the Paris summit story changed fast, Newsweek made changes accordingly and the mechanical problems generated were so great that Art Color Printing had to postpone its ceremonies. LIKE A MAP On Sunday, the Home News printed an aerial photograph showing almost the entire Kendall Park development. Residents of Kendall Park are putting the Home News picture to good use. Many visitors have a great deal of trouble finding their destinations in the circuitous wanderings of the Kendall Park streets.

Now the resident merely marks his home on the Home News picture, sends it to the visitor and the visitor finds his way unerringly to his destination. Life is full of strange turnings. The other day I was in a used furniture store, the older boy was attending a matinee movie for adults only, the younger boy was at the observatory looking at Saturn, he said, and their mother was at the PTA convention. It would be hard to say who was having the most fun. If you've seen one planet, you've seen them all.

Saturn is a nice place to look at, but I wouldn't want to live there, especially if I had to get there on a bicycle. Movies for adults only are much like planets. Their main appeal is that they are made to seem hard to get to. Once you get there, you can't wait to get home. Used furniture stores are much like PTA conventions, because they are full of articles which have not lost their utility and charm through hard use.

Comparing Notes When we all got home we compared notes. The boy who went to the adult movie was disappointed because it was a double bill, and he couldn't figure out which movie was for adults only. "It must have been the one," he said, "where this woman falls in love with her husband's cousin, but she is already married." "What was the other one about?" I asked. "It was about this boy and this dog," he said. "It was the other one," I said.

"How was Saturn?" I asked the boy who had been there. "It's a hard pull," he said. "To Saturn?" "To the observatory," he said. "Saturn has rings. I don't know why.

We had a hot dog and an orange pop." "A very thorough report," I said. My wife said the PTA came out in favor of legislation against the misuse of tobacco, alcohol, narcotics ana pornography. "Anything else?" I asked. Ways And Means She said they also had meetings about ways and means. "I also bought a pair of slippers," she said.

"I hope you like them." "Curt went to the adult movie," I told her. "What was it about?" she said. "It was about this boy and his dog," I said. "How nice." "I saw Saturn," said Doug. "How nice," she said.

She brought me a present. It was "Lady Chatterleys Lover." "Remember," she said, "you lost your other copy last summer in San Luis Obispo?" I remembered, but the one I lost was unexpurgated. I believe the used furniture store was the most fun. Questions and Answers In English history were Roman Catholics once barred Dead Trees To the Editor: Last Spring in your editorial column, you praised, commended and exemplified the builders of Brunswick Knolls In North Brunswick, Ray and Marshall Sachs, for planting 240 trees. This must have helped their sales quite a bit! You should write a sequel to that editorial now that spring is here again one year later and all the homes are sold, even the town fathers cannot make the builders replace the 240 trees they planted, now dead.

Besides having duped the homeowners of their trees, they have deprived me of reading your editorial column with the samt confidence that I once enjoyed. (MRS) M. RABINOWITZ North Brunswick Low School Grades And Teenage Car Use The All State Insurance Co. has made a significant contribution to understanding the teenage-automobile problem through a survey of 20,000 juniors and seniors in 30 high schools. The survey found evidence to indicate that social driving during the week hurts teenage school performance, that teenage ownership of a car is worse than use of the family car.

A student using a car each evening was found 20 times more likely to be an student than an student. Car ownership by teenagers showed up particularly badly. Among juniors only 16 per cent of the top students owned cars while 42 per cent of the failing group did. Car usage showed to an advantage under only one condition. And that was car usage on only Saturday and Sunday.

There was a greater percentage of top students in this group than among students who didn't use a car at all. The figures against frequent car usage, or car ownership, by teenagers are so overwhelming as to be convincing. Yet several mitigating facts must be kept in mind. First, the brightest students at the high school level are likely to be younger as a group than the duller students. Their youth might prevent many from driving.

It must be remembered, too, that naturally poorer students take less interest in school, and their attention is diverted to other fields, including automobiles. Finally, car ownership presents a financial burden on the teenager. Often this leads him to taking an afterschool job, which gives him less time for studies. The All State survey thus leaves us with the question: Which comes first, the car or the poor grades? Here a survey which also relates age and intelligence quotient to the other known factors would be worthwhile. For today the parent of a bright student does not know whether permitting him to have a car will adversely affect his grades; nor does the parent of a slower student have any assurance that taking away the boy's car will bring better grades.

Another reason the money picture has shifted is that the U. S. Treasury is not competing for loans as it did last year, and therefore there is more money in "the kitty" for other types of borrowers. In 1959, when the budget was so violently out of balance, the Treasury had to tap the market again and again for cash! As it did so, it absorbed money that otherwise would have been available for businessmen, homebuilders, and the size of its demands helped push up borrowing rates. But the budget is balanced now.

The Treasury is not a competitor for money. A third reason is that the Federal Reserve System, in recognition of the changing economy and disappearance of an inflation psychology, has distinctly shifted its policy' away from a heavy clamp-down on credit. It is permitting the easier conditions in the economy to be translated into easier conditions for your loans. The odds are against another credit squeeze unless and until we take off on a new boom or inflation spiral. Neither is in prospect now.

By PETER EDSON Campaign Spending Analyzed in Book WASHINGTON Expenses in the Kennedy and Humphrey campaigning assured that the importance of money in politics was properly emphasized for everyone this year. A seven-year study of this subject has just been completed by Alexander Heard, professor of political science and dean of the graduate school at University of North Carolina. The result is a 500-page, six-dollar book, "The Costs of Democracy." It is the first comprehensive study of American political financing since 1932. It is "must" reading for everybody interested in politics. It covers five main phases of campaign financing: The effect of campaign expenditures on elections.

The sources of campaign funds. What special interest groups business, labor, the underworld expect from campaign contributions. How the money is spent and the changing character of expenditures. Proposals for altering the present system of contributions, with suggestions for future legal controls. False Assumptions Heard lists a number of popular assumptions that in his opinion do not hold up: The real costs of campaigning have not soared steadily upward, he says.

The long-run increase is no greater than rises in price levels and national income. He finds that money is not supplied solely by fat cats. Both parties have them, but many millions of people now kick in. The trend is toward more smaller gifts from more people. He feels the labor movement is not a bottomless source of campaign money.

Important in some areas, it is insignificant in most. The inefficiency, confusion and mistakes of campaign management are appalling and costly. Politicians aren't as shrewd as they would have you believe. And finally, American attempts at legal control over the spending have not all been futile. They fail only when they attempt to do the impossible.

A University of North Carolina research staff was assigned to find the total cost of political activity in the 1952 campaign. It came up with a figure of 140 million dollars. This was spent 20 million dollars (14 per cent) at the national level, 67 million (48 per cent) at the state level and 53 million (38 per cent) in local elections. All this spending creates the impression that the United States is a sham democracy, Heard reports. "The power of wealth, it is charged, runs roughshod over the peoples' interests and their political will." He denies the charge.

Half Million Offices One reason the totals run high is that there are approximately 500,000 elective offices. Assuming at least two candidates for every office, that would mean a million campaigners. The cost per voter on the basis of the 62 million voting in the last two presidential races would be around $2.50 each. In general, Heard reports that in 1952 and 1956, Republican candidates had 50 per cent more money to spend than Democrats. Despite this, he says that, "It cannot be argued convincingly that the Democratic party has lost a single presidential election in the 20th century for lack of funds." The author contends, however, that "The effect of money in politics is more certain in determining who the candidates will be than in determining the outcome of elections." In other words, cash is most important in the primaries.

If a prospective candidate can't get the money to meet the costs of a campaign, he might as well get out of the race. The Daily Home News Published by Home Newt Publishing Company 123 How Lane, New Brunswick. N.J. Entered at Post Office as Second Class mattu Hugh N. Boyd m.

President and Publisher Member of The Associated Press, the American Newspaper Publisher Association. New Jersey Press Association and the Audit Bureau of Circulation Man Master Of the Machine Not Wanted? To the Editor: A short time ago I retired, and my wife and I decided to move to New Jersey, to be nearer to our daughter who is living in New York. To get a map of New Jersey I wrote to the Secretary of State in Trenton. No map came, but N.J. Bureau of Geology sent us a price list of special 'but useless) maps, charts, reports, etc.

On an old Vacation Guide I found the name and address of N.J. State Promotion Section. Two months ago I wrote to them, but so far no map, no literature, no vacation booklet. But Trenton cannot stop me I did get a map of New Jersey, at the nearest gas station! As a likely place we picked New Brunswick. So I wrote about a month ago to your Chamber of Commerce, asking for any literature and to be put in touch with a local real estate broker.

Just like Trenton, New Brunswick Chamber of Commerce does not want 'settlers' from Middle West, as we received no literature from them and obviously no real estate broker is willing to sell us a home. Perhaps one of your readers is planning to sell his home in the next six months. We plan to move there after Oct. 1, and are looking for a small brick home of four rooms, with basement, automatic heat, on high ground, in good location within city or suburbs. A modern two-flat building, 4 and 4 or 5 rooms, is also acceptable.

Please do not consider this as a free advertisement, because the day we move to your fair city we will become regular subscribers! JACOB ZUPAN, 1400 S. Lombard Berwyn, 111. Three Minutes a Day By JAMES KELLER Two-and-a-half-year-old Eileen decided to take off for the moon when she got bored playing in her backyard. Her trip into space consisted of climbing a 50-foot television antenna tower which was next to her home. When she had nearly reached the top her 4-year-old sister, Diane, spctted her.

The older child's screams brought her mother rushing to the scene. After scaling the tower, she clutched her daring daughter with one arm and clung to the metal girders with the other. When firemen got them back on solid ground, the mother collapsed. But little Eileen was completely unperturbed and simply said: "I'll never go to the moon again, Mommy. Not until I get big." The generous share of enthusiasm and enterprise instilled in children by the Almighty needs giudance and direction.

But make sure that it is properly harnessed and channeled, not suppressed or stifled. "Ail thy children shall be taught of the Lord: and great shall be the peace of thy children." (Isaiah 54:13) Bless all children, divine Master, with big vision and daruig for all that is good. A Wisconsin weekly tells of the village lady who wrote a letter of inquiry to a book club and soon thereafter began receiving dunning bills from the organization. She had ordered nothing and signed nothing, but the bills, in the form of those perforated cards with all the mysterious little oblong holes, kept coming at her. Letters of protest were unavailing.

So the lady adopted a new strategy. She took a pair of manicure scissors, neatly added a new new holes to the others on the card and mailed it back. She hasn't received a bill since. And in her mind's eye she sees the staff of the book club scratching its collective head as its big business machine scratches its electronic head at the modified card. Man is still master of the machine.

FOUR WAITERS Those who have been privileged to watch rehearsals of the Eagles Varieties have come up with the word that the hit of the production will be the "Four Waiters," who play prominent roles throughout the show. Filling the parts of waiters who contrive to get themselves in almost every embarrassing and impossible situation known to the trade are Joe Rosey, Jack Now-itzke, Johnny Capozzi and Jerry Bowler. Our Eagle informants who have nursed the show along from infancy are quite pleased with the professional characteristics developed and predict a rare night's entertainment tomorrow in the Junior High School. It marks the first Eagles show in five years and promises to be be even better than any to date. As for Rosey, Nowitzke, Capozzi and Bowler, we're told they could land immediate jobs as waiters in any high class restaurant on the strength of their performances in the Varieties.

How long they would last, is something no one would wish to from holding seats in parliament? A Yes, until 1829, when the Catholic Emancipation Act was passed which allowed Roman Catholics to become members of Parliament. How many U.S. presidents are buried in Arlington National Cemetery? A Only one William Howard Taft. Who were the Sophists? A Teachers who came to ancient Athens to give instructions in languages and reasoning. What is the present status of the country of Nepal? A Nepal became a constitutional monarfhy in 1959.

What historical event took place on Prospect Hill in Somer-ville, A The first United States flag, with its 13 stripes, was raised on Prospect Hill in 1776. 1 HOME NEWS PLATFORM Restoration of Raritan River. Elimination of slum area. More off-street parking-Regional planning for the Taritin Valley. Safer highways for the Rr.Ua Valley.

IMo. (2.50 2.00 Subscription Rates By Carrier. One Week 43 Cents Mail Subscription Rates Payable In Advance 1 Y8r Moa 3 Moe. Dally and Sunday $26 20 13.60 17.05 Daily 21.00 Jl.00 575 Sunday 5.20 2.60 1.30 Outside the United States Double Above Pries Telephone Kilmer 9-4000 hazard a guess.