The Atlanta Constitution from Atlanta, Georgia • 76

24-C Atlanta and CONSTITUTION SUNDAY, OCTOBER 10, 1971 GEORGIA LUCRATIVE STATE LAND PROFESSIONAL WANTED ChtMiniini opporlunily with dynamic, all-tinanoa dovtlopmennt lira creatim land aaekain dniiian. laananca actuary in land aetition, aim nana-kility la devtlap clianitl and maka la xacutiva Boardl. Salary pint ubttanlial parlarmanca rawardt. Sand rauimaa ta So ML 114, Atlanta Journal on iti hiti on. Recall on Colts DETROIT OTI I Corp.

is asking owners of 4,685 Japanese-built Dodge Colts to return the cars to their dealers for replacement of a plug in the spare-tire mounting as Big Boy Shoney's Still a Growin Want Ads Pay Off sembly. i Why tie up your money for years when BAKC0 NOTES are payable on demand? Schoenbaum had planned to make Shoney's public 1969 or 1970, but with the sharp decline in the market those years, he decided instead to merge with Danner, who was the second-largest Shoney's franchisee in number of units. Shoney's stock, sold over-the-counter, is now selling in the $15 range, down from its high of $21, but up from its record low (when listed as Danner Foods) of $7.50 in May 1970. After Danner, Schoenbaum is the next largest stockholder. The stock recently split 3-for-2, putting 450,000 shares in the hands of stockholders other than Danner and Schoenbaum.

Although Danner is the largest stockholder of Shoney's, Schoenbaum is the largest operator of Shoney's Restaurants. As a franchise, he controls Shoney's South which operates 34 outlets in seven Southern states, including Georgia. Schoenbaum, the rounder of the Shoney's, says the reason for the chain's success so far is "We give them a $5 atmosphere for a $1 price." But probably the major reason is that Shoney's had a good head start before 1969 and 1970 when such Johnnys-come-lately as Joe Namath's and Minnie Pearl's fell by the wayside. The first Shoney's, under that name, appeared in 1950 in Charleston, W.Va. By the late 1960s, Shoney's restaurants were almost as common around the South as Howard Johnson's or Holidays Inns.

SHONEY'S started out as a small restaurant Schoenbaum established in 1947 named Parkette. But he didn't trademark the name, and when he started to expand, he found the name Parkette was in use elsewhere. So, learning from experience, he came up with the name Shoney's and registered it as a trademark. Although Schoenbaum founded Shoney's, he is no longer the major stockholder of Shoney's Big Boy Enterprises. That distinction goes to Ray L.

Danner, of Nashville, president of Shoney's, who owns more than 40 per cent of the company's stock Danner became the major stockholder of Shoney's earlier this year when his previous firm, Danner Foods, merged with Shoney's Big Boy Enterprises. Danner operated 17 Shoney's restaurants at the time of the merger. DANNER HAD begun in 1959 with one Shoney franchise. To the merger 12 years later, he bought 16 more Shoney's restaurants, plus Danner Restaurants, Mr. D's Seafood units, and Kentucky Fried Chicken outlets.

By GENE THARPE Conslllntloo Business Editor The next time the wife fusses about buying groceries and slaving over a hot stove all the time, ask her the following questions: What would she do if she daily had to buy, cook and serve 12 tons of hamburger patties, one ton cf fish, and approximately 9,500 loaves of bread? Ad what would she do if she had to do the same with 3,074,330 buns weekly and 175,000 strawberry pies each year? Before she runs away, calm her soul by telling her you're not really that hungry. But tell her that the Danner Foods division of Shoney's Big Boy Enterprises, wrestles with that amount of food all the time. AND IF the company's plans for future growth work out, there will be even more Big Boys waiting in the corner. Alex Schoenbaum, Shoney's chairman, said recently in Atlanta that the fast-food restaurant chain would probably be opening about 20 stores per year for the next five years. This would be an expansion of about 70 per cent, since there are now 140 Shoney's in 10 Southern states.

A good deal of that expansion will be in Georgia, Schoenbaum indicated. "Georgia is one of our most lucrative states," he said. Atlanta, with eight Shoney's, is second only to Nashville, as a Shoney city. Shoney's, unlike many fast-food operations, has prospered in recent years. For the nine months of fiscal 1971, the company's net earnings amounted to $1.2 million, or 76 cents per share against 60 cents per share a year ago.

FOR THE fiscal year ended Oct. 31, Shoney's is expecting per-share net earnings in the $1 to $1.05 range. Payable on Demand I Interest Paid to 1 I I Date of Withdrawal 11 Interest Paid or Compounded Quarterly 9-Month Maturity $500 Minimum 1 Georgia Residents only I J'j Invest in: SCOTCH WHISKY For information on fully insured -SCOTCH WHISKY INVESTMENTS write or phone: GLASGOW INTERNATIONAL CORPORATION Scotch Whisky Brokers 3kOO Pachtr Rod, N.I. Sailt It7 Atlanta, Odorgia 30326 404-261-0343 Please send additional information to: PHONE NAME ADDRESS ZIP STATE CITY FEEL U.S. WILL 'GIVE' INVESTMENT NOTES ANNUAL RATE OF 9 INTEREST INTEREST PAID MONTHLY WITHDRAWAL OF MONEY ON DEMAND 9 MONTH MATURITY MINIMUM INVESTMENT S1OOO.00 GEORGIA RESIDENTS ONIY Britons More Optimistic On World Economics Now FOR INFORMATION WRITE POPKIN INVESTMENT CO.

127 WHITEHALL ST. ATLANTA, GA. Buying A House? $35 to '50 Can avo you a lifetime of head-achoi and axptntt. Lot a Qualifitd consultant inspect the roofing, plumbing, heating, electric, basement and structural condition for any major defects before you buy, A written report it included with the inspection. for Appointment Call 233-9976 IvenlnesasS-lOel 0.

C. FLOYD: Regional Director NATIONAL HOME INSPECTION SERVICE 5 ON PASSBOOK SAVINGS mood of "qualified optimism," as one put it. There is no euphoria here, however. Officials stress that nothing of substance was agreed upon, that the only accord was on an agenda or program of work. The prevailing view is that the odds are still strongly against any agreement before the end of the year.

By BERNARD NOSSITER LONDON (WP)-British financial authorities think that the big trading powers took a small but significant step toward rebuilding the shattered global monetary system at the annual International Monetary Fund meeting in Washington recently. Officials here came to Washington expecting little or nothing. They departed in a 5. 5.75 1-YEAR $1,000 Mil 6 I M0 YEAH I if $5,000 MIN. 1 3 1 n-DH NOTICE ACCT.

ing military and aid costs in separate deals with the nations involved. London has been afraid that monetary reform would get hopelessly snarled if a single negotiation tried to embrace all these matters. Finally, the British think they see some give in Connal-ly's first demand for a $13 billion swing in the American payments balance. London believes that Washington would accept a new set of exchange rates that would produce less than this huge amount. THE BRITISH also think that the Japanese are now ready to upvalue their currency by greater amounts Journal-Constitution Want Ads Pay Off ON SAVINGS CERTIFICATES TRI-CITY FEDERAL SAVINGS AND LOAN ASSOCIATION You will need (tot gage Ivlciisy FHA, VA, Conventional and Construction loans for Residential, Commercial, Acquisition, and Land Development that's our business.

nil) IBP THREE LOCATIONS THE LISTING, EVALUATION AND SELLING OF GARDEN APARTMENTS A One And A Half Day Seminar Friday and Saturday October 1 5 and 1 6 Sponsored By GEORGIA INSTITUTE OF REAL ESTATE 100 COLONY SQUARE-PLAZA LEVEL 1175 PEACHTREE STREET, NE-892-8412 ATTENDANCE FEE: $37.50 rri I Atlanla-Albany-Athens" Atlanta: 873-1211 iJLIlUUJL0 Cobb County: 463-6226 lfn Branch Office 27 Smith Street Fairburn.Ga. 30213 Home Office 606 S. Central Ave. Hapeville, Ga. 30354 Branch Office 1 SO W.

Lanier Ave. Fnyetteville, Ga. 30214 Decatur. 289-9335 aoTot mnkwm Micon-Savannah-Smyrni THE BRITISH take their chief comfort from what they view as a more flexible position by the United States. After the mid-September meeting of finance ministers in London, officials here gloomily concluded that Treasury Secretary John Con-nally was a prickly, abrasive man with whom it would be difficult to do business.

But now they think Connally is a horse trader as well as a tough poker player. More specifically, British, money managers conclude that the United States is not irrevocably committed to a $35 an ounce price for gold and could be induced to raise it. It is understood that neither the United States devalues or other countries upvalue is of virtually no economic significance. But a higher gold price is seen as a considerable political plus here, in Japan and on the continent. OFFICIALS here are also pleased because the Americans are now talking about creating lower barriers against their goods and shar- than Tokyo was first mentioning.

But there is no sign yet of substantial concessions by the British and other Europen nations to bring about the necessary package of exchange rates. Indeed, Britain like the rest of Europe is crying poor mouth, saying that everybody else's currency must be upvalued briskly against the dollar but not mine. At the IMF meeting, Anthony Barber, chancellor of the Exchequer, painted a picture in which Britain's fat surplus would disappear as recovery sucked in imports and membership in the Common Market raised their costs. This was a thinly disguised plea to permit managers here to keep a lid on the exchange value of the pound. Borft endup with the hammock and no trees.

HIS if, -H- Hi i ANOTHER EXCELLENCE IN RECREATION By The fc aft i. Gei'Qa'i4C4 WILLIAM FULTON COMPANY iMWi Just because no quick deal on a new set of exchange rates is expected, some officials uo peaqe oaoui 0 jubm aiau; the long term problem of creating a new monetary reserve unit to replace But others in the British camp argue that this would give Washington precisely what it wants with nothing in return, that it would compel nations to let market forces dictate a new exchange rate structure. Tucker Firm Is Purchased The purchase of Metal Fabricators, of Tucker by the Waterbury Pressed Metal Co. of Water-bury, has been announced by Dirck Barhydt, Waterbury president. is a diversified manufacturer of metal enclosures, primarily for the electrical and utility industries.

Botha standard line of enclosures At Avis the war on inflation means low lease rates on all 1972 cars. Most of us can figure on retiring. That's just the hammock. But you know your own private dream goes further. It may be seven-day weeks on a lake of Bass.

Or raising Palominos. Or wandering America with your Mrs. It's what you mean to do, once you're done with the 9 to 5 years. Call the Listener. Tell him what you know about'largemouth, bloodlines, land cruisers.

He'll tell you what he knows about the tab. And the ways to pay it. About Social Security, pensions, your retirement income. About Integon's many forms and uses of insurance and related financial services. Tell him what you know best.

He listens. Then, he counsels. Together, today, those trees. FINANCIAL SERVICES 1 "4 1972 Chevrolet Camaro 2-door1 hardtop, V-8 engine, automatic transmission, radio, air conditioning, tinted glass, whitewall. tires, power steering, and 33 115 console.

1972 Chevrolet Kingswood 6-Pass. Wagon 133 and custom-designed enclo 33 MO. V-8 automatic transmission, radio, air conditioning, tinted glass, whitewall tires, power steering, power brakes, power rear window. 1972 Chevrolet Impala Custom Coupe, V-8 engine, automatic transmission, air conditioning, radio, power steering, brakes, tinted glass, wheel covers, whitewall tires, and all standard factory equipment. 20 126 MO.

sures are onerea. sales of enclosures have thus far been primarily in the Southeast. The new plant will be operated as a divsion of Waterbury and called its Southern division. A portion Waterbury's parts division activities are being moved to the Tucker plant which will be immediately expanded to almost double its floor space. Althounh several surwrvi.

THESE RATES EFFECTIVE THRU NOV. 1 2, 1971 ONLY V. Rates based on 24 mo. lease Avis Rent A Car System, Inc a worldwide service of ITT Corporate or individual full maintenance and insurance leases also available For Prices on any 1 972 car sory person.ielare being Call (404) 634-1223 Talk to the Listener. featured Chevrolet Avis leases all makes and iransterrea irom waterbury, Barhydt said he docs not ex pect the level of employment at the Waterbury plant to de cline because of off-setting increases in the comDanv's 458-5577 1 DUNWOODY PARK Avis, the try-harder leasing company 22 Executive Park N.E.

Atlanta, Georgia 30329 plumbing specialties Mines ar wnicn are fabricated com pletely in Waterbury. i.