Logansport Pharos-Tribune from Logansport, Indiana on June 6, 1962 · Page 22
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Logansport Pharos-Tribune from Logansport, Indiana · Page 22

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Logansport, Indiana
Issue Date:
Wednesday, June 6, 1962
Page:
Page 22
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Twenty-two Logansport, Indiana, Pharos-Tribune V/ednesday Evening, Cite Ten Cities for Safety CHICAGO (UPD—The National Safety Council today cited 10 Indiana municipalities for outstanding traffic safety accomplishments in 1951. The cities are West Lafayette •Bloomington, Evansville, Indian apolis, Fort Wayne, Gary, Lafay 'ette, Portland, Richmond and South Bend. f • West Lafayette received four •certificates of achievement, for "having no traffic deaths during the year and for progressive aociden •prevention program activities, for maintenance of accident records for traffic engineering and for school traffic safety education. •Two certificates each went to Bloomington, Evansville and.Indi anapolis. Bloomington's were for.a .perfect record of no traffic deaths and for traffic engineering. Evans ville's were for an exceptiona death record and school traffii safety education. Indianapolis' 'were for traffic engineering and .school safety education. The other cities were given one certificate each. Fort Wayne was cited for engineering,. Gary and Richmond for school safety education, and Lafayette and Portland for no traffic deaths. South Bend's certification was for its exceptional death record. The State of Indiana received two certificates for engineering and maintenance of accident records. ANN UAL REPORT 1962 Newhouse Group Buys New Orleans Paper Properties NEW YORK (UPD—Samuel I. Newhouse, one of the nation's most successful publishers, added to his growing group of newspapers Monday with the purchase of the New Orleans Times Picayune and States-Item. A spokesman for the Newhouse group said the sale was based on a total offer of $42 million,, believed to be the largest amount ;paid for a single newspaper property iii the world. (In England, Cecil King's Mirror group bought the Oldham Press for a reported $106 million, but that purchase included a -group of newspapers and Host .magazine.) . The two New Orleans papers join the rapidly growing Newhouse national group of locally managed newspapers, which i)ow • ranks as the second largest in the country. Announcement of the sale was made in New Orleans'by Shelby Frederichs of the investment securities firm of Howard, Weil, Labouisse, Fredericks & Co., which served as Newhouse's agents in offering to buy the shares or voting trust certificates of the Times Picayune Publishing Co. The announcement said: "We have received offers for .approximately 248,925 shares or almost 90 per cent of the 280,000 outstanding at our offering price , of $150 per share; a total of $42 million." He said that NewhousVs "offer to purchase all of the addition/i outstanding shares remains in effect." • The purchase enhanced Newhouse's position as one of the most successful publishers in the nation. Newhouse previously controlled 14 dailies as well as substantial interests in the Denver Post and the Springfield (Mass.) '•Union and News. • The Newhouse group ranks second only to the Scripps-Howard group, which consists of 18 daily newspapers. Few New Round Of Terrorism ALGIERS (UPI) - The outlawed Secret Army Organization (OAS) ended its truce with the Moslems today and Algeria braced for a new round of terrorism. The European extremists called off their four-day lull in terrorism at midnight. Early this morning two Moslems were killed in Algiers. The OAS proclaimed the truce last week in hopes of contacting leaders of the Moslem Algerian National Liberation Front (FLN). It sought guarantees to continue as a political force after Algeria becomes independent. INCOME TAX CASE INDIANAPOLIS (UPD—Francis A. Hibst, 54, an Evansville insurance man, pleaded guilty in Federal Court Monday to charges of ; failing to file income tax returns on about $30,000 income for 1956, 1957 and 1958. Hibst was indicted by a federal, grand jury. A pre-sentence inves- • tigation was ordered. Now You Know The mandrill is the most hide• ous and most brilliantly colored of the baboons. Its cheeks are intense blue while the center of the face and nose are scarlet. Its fur is light olive above and silvery- gray beneath with a small pointed yellow beard. tockh CHOKE BUOE OWCK ROAST IB. CENTER CUT f^m .-»*«• fcll VUI Stock Roast Beef ANNUAL REPORT As the chief executive c by call th s annual mee our corpo ation has just and I'm h ippy to report earnings of $6.12 per I would also like to pla< Peggy A. 'Smith, a meml: City supe markets offer and this same Peggy A. that the cost of these strain, and drain, on th liamN. Smith, Sr., and.. Whereas . .. this corpoi tion it's buen in every ye ... this cast reduction j nancial position, I herei stockholder. ..all in fen Aye... Aye... Aye ... Carried!!!!!!! I would 0 so like to plac by propose that, due to ers, we invest part of tr rest of the money as'wi poration sver had . . . o Aye ... Aye ... Aye... CARR1 ED . . . LET'S BONNIE _• TENNER Pork L STARK & WETZEl Steak 18. Hamburg ar BUNS IVOf TIDE Sandwich So KKR1CH ~ Beef' St is. Lunch SMORGAS PAC 8 OZ. PKG. BONNIE Rye or Wheat BREAD JOY CHEf CUT-RIT1 SAN! RATWRiC NOR LUX NA'BISC ORE! FRENCH Mas ZEST DASi WISHBC ITAL WISH&C PKG. LOAF Garden Fresh at Garden City ^. ™ U.S.NO.l 23° HEKSHE CHO MIL! SCOT-U MAI; BONNIi BRft M'EADO Mill MEAOO ata RADISHES NEW IB. 10 TROPICANA ORANGE JUICE 1C OT. 49 REG. 8Q'

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