Logansport Pharos-Tribune from Logansport, Indiana on October 27, 1957 · Page 9
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Logansport Pharos-Tribune from Logansport, Indiana · Page 9

Logansport, Indiana
Issue Date:
Sunday, October 27, 1957
Page 9
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SUNDAY, OCTOBER 27,1957 THE PHAROS-TRIBUNE find LOGANSPORT PRESS, LOGANSPORT, INDIANA PAGE NINE GOLDEN YEARS A Subdivision At 65? S ure - If You Want It By THOMAS COLLINS "I do not go along with a lot of .this pap v about retirement," says Mr.: Eugene R. Eiower. "I can't buy my company's' advice";that I begin to cultivate a hobby. I can't,buy your advice that I find a job to do. • "I am tired—tired all the way down to my bones. Not .from work. Just from having to. Having to be there at 8:30 every, morning; having to satisfy a boss; having to live in peace with undesirable characters who work beside me; having to -be responsible. "When I get -my pension, come Jan. 1, the thing I will be retiring from will not be the job or.the company, but the having to. And I think this in itself will be the Golden Years. Mania and I have spotted a little subdivision house, new and clean, that will demand little housework and no fixing It will cost $15,000 and we can pay -for it. "My retirement income will be a little better than $200 a month We nave all our house furnishings including a freezer. We both have ample wardrobes, and we own a 1056 car. With a vegetable garden every spring I figure we caw live for about $100 a month. Enough For Extras "This will leave us about $1,200 a year for something—doctor bills, extras, and trips. We will visit our two children and the grandchildren. We will watch, television and putter around the house. We will fish, go to museums, read, walk the dog, go to Florida, Arizona and California, in that order, for our winters. We will sit, nap, visit and eat as it strikes us. "I refuse to believe I must work to be happy in retirement. Just free me from having to do things, and I'll find my way . . ." Mr. Dower makes a good case. I know of no reason why his retirement will fail. Many men approach 65 feeling much the same way. There *are a few points you should consider, however, before you follow his course. • 1. Nobody can tell you how to retire. The.company, this column teachers, and all the rest can only give 'you some facts. And encourage you to plan.. What you want is what you need. Something' as bizarre as collecting acorns could be your Golden Years, despite what everybody says. 2. Getting away from "having to" is not good for the normal, modern- day American. But it may be good for Mr. Dower and you. Most people want to,-and need to, be told what to do when. 3. Everyday living in a city subdivision will chew up more than $100 a month. With the house fully paid for, the figure would more likely be $150 a month. SCHOOL TAXES 4. A modern city subdivision is usually a •scientific design for Hying. And "a good one." But" the retired couple that moves into one must be prepared to have young people for neighbors (age 40 and under), must be prepared to have small children running through the yard, and prepared to pay taxes to educate those children. A broad guess is that house taxes in the normal sub-division will go up about $100 a year in the next five years—to provide schools and storm sewers. This is about $9 a month—not bad if a subdivision is what you want. 5. Usually the man who .wants to get aw.ay from it all, as Mr. Dower does, is not happy with his job. That's all right. A lot of pobs are stinkers. And if retirement "means getting away from undesirable people, fine.. But if ego is involved— if the man or woman longs for retirement in order to find expression —retirement to idleness won't help. Ambitious people all around you will be going forth every morning to slay dragons, and your loafing ego will feel sad indeed. Retirement can certainly provide the most precious years of your life. And loafing in a new subdivision could be just what the'doctor ordered. Do what you want. But be sure you have all the facts. As Mi 1 . Dower says, there's a lot of pap beig passed out about retirement. (COPYRIGHT 1957, GENERAL FEATURES CORP, Last Week A Wild One On Wai I St. NEW ,By ED MORSE . YORK UP) — The stock market was all-even by the end of this week after one of-' the most hectic five-day periods in • history. The Associated Press average of 60 stocks closed at $156.70,- un- dhanged from the week before; But volume soared to 20,804.199 shares, fchc highest total since the week ended Dot. 1, 1955. That was the first week after President Eisenhower's heart attck. Outstanding highlights, of the week were two days, Monday anc A.CAiW's Prayer r~ " Wednesday. On took their, worst Monday, stocfcs dive since .Sept. 26, 1555,.the first trading session after t)h s Eisenhower heart attack. 3n : Wednesday,- the market made ts -biggest one-day advance since Nov. .14', 1929. The latter was ,a day of temporary recovery following, the. blackest day s of the ^ crash. This was a climactic week in Trooper Slates Three Driver s On Viofof ions State Trooper Larry Wiagen- knecht arrested three drivers Saturday, one ..which -was arraigned in the .local, justice of the peace court. Donald E. Perry, 41, of Omaha, \ T eb. was fined $15 and $14.75 costs for driving 80 miles per hour, 15- miles above -the state speed: limit of 65 on US 35, six miles south of Logansport. Jerry C. Strickler, 43, of '227 last ftliaimi avenue, was clocked at- 75 "mUes per hour on state road 25, two miles north of Metea. ,, - . .. Tasej&'Kodba; 35, of South Bend, was cjjught traveling 45 miles per hour in a'30-mile zone on Michigan avenue- {.O.M.SALE WARDS SHOTS REDUCED 20% to 60 REG. 6.98 WOMEN'S STYLE SHOES Assortment of wo's pink, blue, 5 to 9-b REG. 6^98 WOMEN'S DRESS SHOES " Ass't. pumps in red, green and black 5% to 8# REG. 7.98 WOMEN'S DRESS SHOES Pumps and Oxfofds in white,.\vidth-B-C-5%-8% 'REG. 4.98 to 5.98 WOMEN'S SPORT SHOES Crepe sole in black or brown, 5!6 to 9 ...... REG. 4.98 WOMEN'S SPORT SHOES One group of broken size in black and brown REG. 4.98 CHILDREN'S PATENTS Ideal for Sunday Best, 816 to 3, hurry in .... REG.- 2.98 to 4.98 INFANTS & CHILDRENS SHOES One table ass't'd styles and sizes ......... REG. 8.95 to 10.95 MEN'S DRESS SHOES One group of broken sizes—Loafers and Ox. $1 3.99 4.99 3.99 2.99 2.99 REG. 3.49 MEN'S OPERA SLIPPERS Hand lasted for comfort, tan, wine, to 11 REG. 8.95 MEN'S DRESS SHOES Natiorral Known Brand. Sizes 6 to 11 A-B-C-O REG. 1.1.98 MEN'S WATERPROOF. DRESS • For Dress or Work, Oxford or Shoe, 7 to 11 -D REG. 1.98 LADIES MOUSE SLIPPERS Terry Cloth Yellow or Blue, 6 to 9 . . ; . } ...... REG. 1.98 CHILDREN'S SUPPERS One Table Assorted styles and types . , r . : . . .» REG. 2.98 WOMEN'S TENNIS Assorted Ladies Sport Tennis Shoes ......... 4.99 1.99 5.99 799 99c 99c 1.99 L 4-DAY SAIE- HURRY-HURRY-HURRY! ihe long -decline, now well into ;its 'ourth: month,'. since the market reached its 1957 high on July 12. The -tremendous volume, the jeated series of -late bicker -tapes, ;he^almost frenzied scale .of sell- ng and ; buying on -.- the heaviest days — these were the factors .that spelled -"climax" in the. language of Wall Street, What's Ahead? It was a climax to a long "decline- — but what next? A strong recovery? A continued slide to new, lows for the year? The word among financial analysts these days is that the market must "test" the lows reached this weak. If it sinks, through them, •the market theory calls for a recovery of from a .third to two thirds of the ground lost since July 12. After that, they say, the burden of proof will be on the bulls as to whether the market is to continue its .upward progress. They point out that ever since the all-time bull- market high reached in April 1956, -the general trend has been downward. The highs have never surpassed that-April '56 high. The lows have been increasingly lower. There was no special news to send She mamet plummeting on Monday but -'rather an accumulation of the same kind of doubtful news about business and the' economy tri'general: 1 There were further reports of cutbacks, "stretch-outs" and layoff s which underlined Wall Street's concern about tight money. The steel industry's operating rate slipped below 80 per cent of capacity, Started A Trend Stock prices, already relatively low for new investors or . short- term traders, began to slip. Selling begat more selling. Despite the high margin requirements for stock purchases, brokerage.houses began sending out calls for more margin, in distress -cases, this margin was not forthcoming and these "weak accounts" were cleaned out. On -Tuesday a vigorous early rally washed-out by afternoon and prices slid off .moderately, but it was a turbulent session with trading volume up to 5,090,000 shares, a two-year daily record. President Eisenhower's. speech FALL EVERGREEN BARGAIN 5 YEAR OLD COLORADO BlUf SPRUCE These trees are so beautiful you'll hardly believe mm cn Northern grown (in lot* of sy Rueiiu Trajx: <?0-30 t Or10) Bushy Trees < ?18 Jor 20 J your ..eyes: when you see them delivered at your door this fall. Not tiny seedlings, but choice heavy-rooted, . densley branched 5 year old -trees. WILL ADD HEAL 'BEAUTY :AND VALUE TO TOUR YARD FOR YEARS TO COME. Every tree is northern grown, extra nice,- well-shaped. Planting 'Instructions included. Postage paid on prepaid orders. C.O.D.'s welcome. Limited of-, fer—so please write today, 5 trees for $5.00. • Orders, for less than-,^5 are ?'1.25 per tree— minimum order, two trees. The more'you order; the more you save —10 trees for ?9.50, 20 for 518.00 .MONET BACK GUARANTEE. On arrival if you are not, 100% satisfied simply return for money back.. FAMILY' GARDENS NURSERY SALES • CO:, - DEPT. 54.402 DOWNERS GROVE, ILL. '( > . 2 for $2.50—$1.25 ea, • ' - ' $9.50— .95 ea. 5 5.00—$1.00 ea. 518.00— ,90\ea. ( ) 10 for ( ) 5 for ( ).20 for Print Name Address - • • City ..... Zone, ..State LINDA RICCI x "Dear Mary, you are x so sweet and kind to all of us, so was your mother Saint Ann. Since you are my patron saint, I want you to watch over me and guide me to do good things. DeaV Blessed Mother please keep the world: in peace. Please help all little children to obey and treat their mother as you sweet Virgin obeyed and treated your mother,,Saint Ann." Linda Ricci, ten year old daughter of Mr. and Mrs. Permit Smith, 912 Erie avenue. that 'night in which he bade Americans banish "morbid pessimism" and announced his intention of making a series of affirmative speeches on the nation's economy,'-'. defense and scientific achievements was generally regarded, as-the turning point. The market rebounded., The Wednesday advance, greatest since '29, brought an estimated rise of $7,20(^000,000 in the quoted value of stocks listed on the New York Stock Exchange. This wiped out the losses of the two preceding days.. The ' 'confidence factor'' had been restored with a vengeance. Days of Ups and Downs The slight continued rise of Thursday ' and the: moderate decline of Friday cancelled each other out. The market ended the week all-even. . The astounding -Wednesday rally was one for the history books. It was the biggest in 28 years — the jiggest since '29. But mention of Chat- tragic' year brought an undercurrent of mumblings among nvestors amd commentators. Any connection with the 1929 events .s unwelcome ia Wall Street. The resemblance between the current period and '29 is superficial.. Rwal Center ROYAL CENTBR-The UNICEF Halloween party will be held Thursday evening at the grade school gym instead of the Method- st church. .Mr. and 'Mrs. Joe JEngle have returned to their home at Minneapolis, Minn., following a visit of several days with their daugh- ;er, Mrs. James Goodrich, and family. v Don Hampton, former ag instructor, at the local schools, is in critical condition at the Veteran's hospital, Indianapolis, where he underwent brain surgery. ''Mr.' and Mrs. Richard Dillman 1 and sons have moved to the Marin Snider residence on Chicago street. Pvt. Gordon Te'el is home- from Dkinawa due to the death of his father. -.-.., Miss Joyce Huffman has been lome from Ball State college with the flu. Mrs. Charlene Davis, Mrs. Marr Rhody, Mrs. Dorothy ' Morehead and Mrs. Marie Winri. were guests of the WW Ladies Auxiliary at the Soldiers Home at Lafayette recently. Mrs. .A. Brandt and Mrs: Mayme Coleman called 1 on Mrs. Emma Reeser last week at. the Douglas nursing home. Mr. .and Mrs. Paul Harrison lave returned home after attending the National Funeral Directors convention at Atlanta, Ga.', recent- y. •, • ',-.,: .'...:• '••• • ' : Billy Miller, of North. Liberty, is spending a few days.with his grandparents, Mr. and Mrs. Fred Swisher. BOOKMOBILE ROUTE The Cass county - bookmobile route has been' listed for this week: Tuesday, 9 .a.m; to. 2':30 ?.m:, Noble township school; Wednesday ,9 a.m. to 2:30/p.m., Lincoln .school; 12:30 jto 1 p.m;, ,incoln town; 1:30, p.m., .Galves;on .library; Thursday, 9 a.m. to 2 p.m., Clymers .school. Read the Classified Ads Dinner Bell . Answer to Previous Puzzto ACROSS 1—— roast of beef 4 Wipes up gravy 8 They stop at drive-ins 12 Popular British beverage 13 Siouan Indiai) 14 Bread sprc*d, 15 Metal ( 16 Extreme .18 Soft drink •20 Encourages 21 Comparative suffixes 22 Wading bird 24 Had on 26 Black —— soup 27 Small portion 30 Things to bt. done 32 Calm 34 Invade again 35 Revised- 36 Assent 37 Sell 39 Church seat! 40 Sand hill 41 German (ab.) 42 Locations 45 Sophisticated diner 40 Never \ satisfied 51 War god 52 Ring 53 Elevator • inventor 54 Bite 55 Indian weights 56 Denomination 57Abstract being DOWN 1 Butter portions 2 Medley 3 Offerers 4 Dinner' ' courses 5 German king. 6 Chicken TWatch 8 Grooms th» hair 9 Century plant 10 Repose 11 Drunkards 17 Precipitated moisture 24 Cautious" 25 Curved molding '•,.--. 26 German city 27 Decide 28 Afresh '29 Sleeping places 31 Strip 19 Amphitheater .33 More mature 23 Founded 38 Nullify 40 Allocatet 41 Dinner visitor 42 Drinks slowly • 43 Arrow poison 44 Former Russian ruler 46 Of the ear ., 47 Ireland; 48 Knocks lightly 50 Butterflies \ Contract /, Bridge BRIDGE HAND IS FACE LIFTER . By OSWALD JACOBY Written for NEA Service The poet might'well have been a bridge player when he wrote "Beneath -the Ibludgeonings of chance-my head is bloody but unbowed." .. Today's contract -looks pretty hopeless. Nothing 'breaks and NORTH (D) 28 4k 8 63 / A75 WEST * K Q J3 3 + KJ964* EAST A Q 10 9 4 •;'• V1075 " * • 10 SOUTH AAK75-2 VA62 *42 Bottt vulnerable _^ Wortb East SoiOh W«t li|k - Pass 1'* . •. 2* • Pass Pass 2 N.'B.^.Pass 34 Pass 44 .. i^ass Pass Pass _, Opening lead—V R South has five apparent losers two trumps, two diamonds and one' heart. Nevertheless, - South turned these bad.breaks to good account and .romped home with his contract. West opened the king of hearts and continued the suit when South ducked. South won .with the ace a-nd played the ace and king of trumps.. He "had nothing 'better bo do; He now saw a combination of cards that would allow him. to make his contract and proceeded play for it. He took .dummy's ace and. king of clubs and ruffed a -.third club. The last heart was • ruffed in dummy and a fourth club in bis own band, , , A diamond lead to the ace put him in dummy again and he was able to ruff dummy's last dub for jis.-tentih-.-trackv If you' wonder what happened to all his losing tricks he simply lost ;hem together. East made his two trumps all. right but he -had to use them : to trump his partner's good diamonds. The bludgeonings of chance bad left South's head .unbowed and had knocked -his opponents' heads right off;,.; -. . , / -- . LAYAWAY NOW SUBURBAN PUMPER FIRE TRUCK 515 Broadway Phone 2310 Hie Largest Sporting Goods and toy store in Logansport Cleaning Sure To Satisfy DRESSES PLAIN $1.15 1 EA. "There's No Substitute For Experience" LONG'S CLEANERS 17 and Bdwy. . 3rd and linden JAPANESE TO BE FREED TOKYO (JJIP)-jRussia 'has promised to release'45 Japanese fishermen seized, on charge of violating Soviet territorial waters' from prison early next month, it. was announced today. /.Soviet' Charge D'Affaires E. G. Zabrodin advised the Foreign -Office;'that the Japanese captives will be , released during the 40th anniversary of the Bolshevik revolution. Ten O'Clock Club'Keeps Retired Friends In Touch BL BEULAH STOWE "I WAS eager to retire," says Mr. Ed Thornton, "and I finally got my business affairs in shape and .quit last winter. I'd rather loaf than work, and I wish Lhad quit sooner." Mr. Thornton owned the largest insurance agency in a midwest- ern city. Many of his friends in town—lawyers, .bankers, accountants, morticians, businessmen—retired sooner than be did. They formed the Ten O'clock Club, which met every weekday morning at a downtown restaurant for coffee, a second breakfast and conversation. When Mr. Thornton could snatch a few minutes.away from hii desk, he'd meet his retired friends -for coffee. But he then had to leave and, go back to work after a few minutes, leaving the others to luxuriate in their freedom until lunch time. Before he retired, Mr. Thornton bolstered Ms prospects for « happy life with these practical props: 1. He' ordered lumber to convert an extra bedroom of his horn* into a panelled den. This was his first project. 2. He bought a small farm, which was rented and operated by * capable tenant farmer. This purchase served both as an investment and an interest. "It gives me something to look after," he says. ! 'Every man neeas something to look after—a farm, a house, a dog, an apartment building, a business interest, or a garden." 3. He made a date with his wife once a week for the next six weeks. Dates included excursions, dinner out, movies, dinner partiet at home for friends. (His wife thinks this is the best aspect : of retirement; they still arrange a special date for each week.) 4. He joined the Ten O'Clock'Club. - Q—"Can you suggest a small town'where living costs would b« cheaper than they are in New York?"—A.J.M. A—There are many towns where living is cheaper and the comparisons with the Joneses are less obvious than they are in a city. Mr. Walker C. Brown, Box 483, Opelika, Ala., has this to say about his town. "We have a friendly town and have a new hospital staffed with good nurses and doctors. It is a town of churches, and our church has a 'Hymn Time' each Sunday night — 30 minutes of old-time' songs out of the old Blue Cover song book. Don't take my word for ii, as I am just one of the people who enjoys living here. Come and see for yourself." Beginning with your own area near New York, look at smaller cities and towns and compare living costs for. yourself. Then take * trip south and west and assess what, you find with "This might be it" in mind. Thrift Talfc«i No matter what happens Ifs never a mistake to save money, f ' I've tried to save a little money, more or less, every year since I was 20. I've been through two wars, a few booms and several depressions. I've never been sorry I saved. v My do I Fa rs have been up and down in value* I've never been sorry I saved. Times may be disturbing' now, but, if possible, g6 right along with a regular savings program. At First Federal you can always count on safety, availability and an attractive dividend. „ . .. . i Your savings account at First Federal is automatically insured by. an agency of the U.S. Government. WANT A COMFORTABLE MORTGAGE? If you need'a mortgage loan to build, buy or -improve your home, talk to First Federal. You can pay it off in comfortable monthly installments over many years. Improvement loans up to 3 years. CURRENT DIVIDENDS PER YEAR 314 Fourth Street ASSETS OVER $12& MILLION

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