Wisconsin State Journal from Madison, Wisconsin • 44

PACE 20 FINANCE INSURANCE SECTION Lake City Bank Assets Climb Investment Specialist Half-Century Career Is Ending March 31 I 5 terceptor sewer to DeForest and Waunakee opening the area served by the Westport Branch, the officers feel that the bank growth rate will remain healthy. The bank will continue to play a prominent role in the development of its community. experience has been varied, covering insurance, installment finance, sheet metal contracting, steel fabricating wholesale distribution, investments, and banking. With the growth of Madi-son's Northside continuing, and the completion of the in consin Trust Company, which was later merged into The First Wisconsin National Bank of Madison. On Sept.

15, 1945, he opened a branch office for The Milwaukee Company in its present location. The office has shown steady growth under Mr. Barton's leadership. Today, there are six men and three girls staffing the office to provide efficient service to the company's clients. spite of a drop in rates, and that they represented a 10.7 per cent increase in stockholders' equity on an after-tax basis.

Last year the bank spent about $60,000 on installation of a completely new drive-up system. The bank now has four drive-up depositories. After a thorough investigation, Lake City installed a pneumatic tube system which has been "enthusiastically received" by customers using the facility. The new system, which replaces two manual window depositor windows, makes it possible for the bank to handle more than double the customers in the same length of time. At the same time driveways and parking area were improved to ease the flow of drive-up window traffic.

An addition to the staff of operating officers was made when W. K. Mansfield, one of Lake City Bank's Directors, o-a nT Here's the best tection money can buy. Pays you a reguiarmonthly check if disabled. If you never need it, we pay all your premiums back to you at age 65.

Ask ii about it. You can't lose! MADISON AREA AGENTS: During 1971 assets of Lake City Bank increased 27 per cent over 1970, for a total of more than $10 million, according to John J. Walsh, president and Robert J. Weber executive vice president and cashier. The i report that earnings remained firm in FPC Firm Offers Many Investments FPC Securities Corporation opened an office at 491S Monona Dr.

during 1971 under direction of Donald R. Voelker, vice president. Voelker said that FPC Securities, a subsidiary of Financial Planning Corporation of A i offers mutual funds, stock, bonds, tax-sheltered programs, group life, health and disability income insurance and pension and profit sharing plans. The local firm was organized to expand the service capabilities of the Financial Planning Corporation, according to Voelker. His firm has 35 men operating in Wisconsin, with 15 of the representatives working out of the Mono-na-based offices.

Voelker was trained in the finance and investment business as a member of a national firm on Wall Street in New York. He was brought to the Madison area to provide professional expertise for the expansion of FPCA. "One thing we think is quite important is that FPC Securities is based here, where other investment and securities brokers in the Madison area are branch offices of companies in other cities and other states," Voelker stressed, "Being here gives us closer contact with what's going on in this community and brings us closer to our clients and investors." In addition to the Madison-Monona area, Voelker's firm has representatives in Fond du Lac, Green Bay, Algoma and Lodi. FPCSC also intends to serve the western half of Wisconsin. BROKER EXPANDS Robert H.

O'Keef, president of The Marshall Company, has announced that the Marshall firm has agreed in principle to acquire the personnel and assets of Bishop and Mahoney, a regional brokerage firm in Earl C. Barton, Vice-President of The Milwaukee Company, investment banking firm, will close fifty years of continuous investment service with his retirement on March 31. Barton has headed the firm's Madison office in the First National Bank Building since 1945. Barton's career bagan on April 1, 1922 when he took a position in the bond department of the old Central Wis CPCU Seeks The Skills of Late in 1971 insurance men and women in metropolitan a i and southwestern Wisconsin who have attained the designation CPCU formed the a i 1 a Chapter of CPCU. Before that these insurance people were members of the Wisconsin chapter of CPCU with headquarters in Milwaukee.

The initials CPCU stand for Chartered Property and Casualty Underwriters. Eugene Reese, 25 Blue Ridge in Madison, is pres- Illinois Tax Guide Out To assist those concerned with Illinois taxes, Commerce Clearing House announces publication of "1972 Guidebook to Illinois Taxes." Designed for quick reference, this third edition of the guidebook covers taxes levied by the state and the general property tax levied by local governments. Principal emphasis Is on the taxes of major interest income, sales and use, franchise and inheritance. Tax Hits at Married Marriages indeed may be made in heaven as some say but the tax consequenoes are firmly fixed in placj far more wordly and costly, notes Commerce Clearing House. It seems that in enacting rate tables for 1971 Congress created hardships for married working couples.

This is the net effect of a general decrease in the rates for single taxpayers, and, as far as married working couples go, the situation worsens in 1972. CAPITAL ADEQUATE An adequate supply of capital will be available to support economic growth during 1972, Dr. Kenneth M. Wright, vice president and chief economist of the Life Insurance Association of America, Earl C. Barton State Bankers Win Award The Wisconsin Bankers Association has received the annual Agricultural Award of the American Bankers Asso-ciation, Bryan K.

Koontz, WBA executive director, announced today. The WBA agricultural committee also was praised by the College of Agricultural and Life Sciences of the University he said. The ABA award represents the 33rd year the WBA has earned special recognition from the national association for its agricultural-related activities. Among the projects cited as a basis for the award this year were: Sponsorship of several corn blight workshops in the state; a solicitation campaign to raise and contribute funds to the University for corn blight research (raising over conducting an agricultural credit conference dealing with rural development and agricultural lending problems; and supporting the formation of the Wisconsin Agri-Business Council. The college extended "grateful acknowledgement of contributions made in supporting" research in southern corn leaf blight.

Financial assistance by WBA and its individual bank members "made it possible for us to monitor the disease in Wisconsin," the college said. Marvin Kohlbeck of Peoples State Bank, i 1 1 i 1 1 is chairman of the WBA agricultural committee. Other committee members are: John F. Sphatt, vice chairman of the group, the First National Bank, Stoughton; Ronald Darga, Bank of Madison; Max E. Dennis, Rock County National Bank, Janesville; Darold L.

Drew, Merchants Savings Bank, Janesville; Wallace C. Ekvall, First Wisconsin National Bank, Milwaukee; Allan A. Gasner, Bank of Oregon; Benjamin Gauerke, The Bank of Aship- pun; Joseph Lucente, The First National Bank, Chippewa Falls; William W. Noel, Den mark State Bank; Olaf- son, Livingston; Vern Olson, Citizens Bank of She boygan; Harland W. Schultz, Peoples Exchange Bank, Thorp; and Ronald Wright, Lancaster State Bank.

BEAVER DAM George Frederick BLANCHARDVILLE Chandler Insurance Agency DEFOREST Al Henschel D0DGEVILIE Smith Manning EDGERTON David Holman EVANSVILLE Robert Erstad FENNIM0RE Robert Brechler HIGHLAND Frank Stepanek LA VALLE Bernard Dee LODI Robert Daehling became an assistant vice president and assumed an active role in the daily affairs of the bank. Mr. Mansfield has been a board member since September, 1968. His business 1 THE WISCONSIN FUND emphasizes reasonable current income on its investment. In addition, the Fund considers long-term growth.

Investments primarily in common stocks diversified across a wide range of industries, depending on the economic outlook for each industry. For FREE PROSPECTUS Writi or call your broker. E3 E3 E3 E3 E3 EZ3 in Ml tc a ui 1 5 2 WISCONSIN INVESTMENT MANAGEMENT INC. 0 225 E. Michigan Strttt MirwaukM, Wisconsin 53202 to Improve Underwriters Eugene Reese ident of the new group.

A na- tive of Spring Green who was raised at Monroe and was graduated in marketing from the University of Wisconsin, Reese is director of independent agencies for Rural Insurance Companies. Other officers are Morgan E. Jones, of Consumer Insurance Service, Madison, vice president; and James M. Lane, ofLipsteln-Lane Agency in Madison, secretary-treasurer. Membership in the new Madison chapter is open to all CPCUs in southwestern Wis-consin-M a i Janesville.

Beloit, Edgerton, LaCrosse, Muscoda, Verona and Monroe. The purpose of CPCU is to create an ever-increasing group of skilled professional personnel in the property-liability insurance business. Requirements set for attaining the CPCU designation establish professional standards for Insurance personnel on a parity with the standards of other professions which have earned longstanding public recognition. The CPCU educational program and the experience requirement which must be completed by all CPCU candidates have been established to insure that those who earn the designation will be prepared to provide professional service which clients require. A final element of the professional concept is a code of professional ethics and practices.

In order to qualify for the designation candidates must pass five four-hour essay examinations with a grade of at least 70 per cent family Income pro MADISON Russ Arvold AJ. (Bert) Bunker John Lonergan Midwest Agency, Inc. Don Rostowfske MONROE Herbert Ainsworth MUSCODA M.S. Vicrora Lloyd Cole Dan Wright PLATTEVILIE Frank Burg PORTAGE Phil Mattke RICHLAND CENTER Robert Elliott SUN PRAIRIE Howard W. Chaussee WAUNAKEE Ted A.

Pertzborn mndaAuaffpctnHifip YEAR C.B. STUMPF ASSOCIATES, INC ONE WEST MAIN MADISON, WIS. 53703 608255-8301 Barton noted that during his 50 year career he has seen the stock market fluctuate from the depression years of 1929-1932 to the very strong market of the 60's. "There have been many ups and downs along the way," said Barton, "but good quality stocks of our leading corporations have proven to be good investments when held for a number of years." Interest rates have also fluctuated a great deal during the period of Mr. Barton's service.

"In 1946, high grade bonds were selling to yield Vk. per cent, whereas in 1970, the same type of bonds were available at yields up to 9 per cent or better. Interest rates have declined somewhat since then but are still around IVt per cent on good quality bonds." Barton remains optimistic about the future, in spite of the recent uncertainty caused by inflation and price controls. "Over the years, investors will be well rewarded as our economy grows to even greater heights." He continues to advise young people entering the investment business to "stick to quality, have pati ence and a 1 a try to do what is best for your client because in the long run, that will also be best for you." He and his wife, Mable, live at 1034 Waban Hill in Madison. His plans after retirement include "some traveling and a new start at my golf game." Firms Grow Fast Savings institutions comprising the $200 billion savings and loan business are fast moving in the direction of becoming "full service real estate lenders." A commemorative pamphlet prepared by the United States Savings and Loan League, the industry's largest trade group, notes that it took associations 132 years to reach their first $100 billion in assets and only eight years to reach the second $100 billion.

Life Sales Take Drop Americans purchased life insurance protection in 1971 amounting to $188 billion, but this was nearly $6 billion less than the year before, the Institute of Life Insurance es-tiamtes. The drop was attributed to the fact that in 1970 the Federal had increased by half the amount of life insurance available to service men and women. 1 a BBS M'Vtrvil 1 1 1(1 Hi ESCROWS 53703 608 255-0036 WISCONSIN GENERAL ILLINOIS MUTUAL Bis' THE GOEBEL AGENCY OF THE CENTRAL LIFE ASSURANCE COMPANY William C. Goebel C.L.U. General Agent IN COMPLETING ANOTHER OUTSTANDING PAYS TRIBUTE TO ITS LEADERS (( 1 V.

HAVING JUST COMPLETED 125 YEARS OF REAL ESTATE TITLE SERVICE AGENT 4 Jack J. Aurinaer Agency Top Five, and Company Leaders Club 'feet tf" A Timothy Million Agency Company f. We feel there is no substitute for experience Michael M. Nicholson Million Dollar Producer Agency Top Five, and Company Leaders Club Phil R. Spreeher Agency Man-of-the-Yeor Million Dollar Producer, Agency Top Five, and Company Leaders Club H.

Schmidt Dollar Producer, Top Fi- and Leaders Club. Dale F. Doering Agency Top Five, and Company Leaders Gub A i TUC fill- LAND OFFICE FOUNDED 18-46 1 115 WEST These men. tonpthr with thalr OS it wre io counnes in cenrrai ana southern Wisconsin in the fie dsof Personal and Business Life and Health Insurance. The Aaencv consistently ranks amonn th ton rwionai The Agency members offer their clients: updated.

inn TITLE INSURANCE ABSTRACTS DOTY STREET MADISON, WISCONSIN lYVrppi 9enuine of the life and health insurance field, constantly LMEGRITY! directed toward what is truly best for each client STABILITY! attested to by 26 years of continuous service to their clients. SECl RITY of a kind that includes independence and confidence in the future A QUALITY PRODUCT 1 JMW I.