Beckley Post-Herald The Raleigh Register from Beckley, West Virginia on December 17, 1966 · Page 4
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Beckley Post-Herald The Raleigh Register from Beckley, West Virginia · Page 4

Beckley, West Virginia
Issue Date:
Saturday, December 17, 1966
Page 4
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Page Four December 17,1%C BECRLEY BDST-HERAID COMBINED WEEK-END EDITION PUBLISHED BY BECKlEY NEWSPAPERS CORPORATION 339-343 Prince St., Beckiey, W. Vo. 25801 Te'ophonei -- All Depcrlmenlj Bccklcy 253-3321 Second-clasi moil privilegti authorized at post offkn al Beckiey, W. Va., and Hinton, W. Vo.' E. J. HODEL Editor National Advertising Representative WARD-GRIFFITH COMPANY, INC. New York, Chicago, Detroit, Atlanta, Boiton, Charlotte, Philadelphia, Pittsburgh, San Francisco, Loi Angelci LONG-TIME (MEMBER MEMBER OF THE ASSOCIATED PRESS Thfe Aiiocicted Preii ii entitled 1o the use for rtpublicatlon of all the local new* printed in thii newspaper, at well at, all AP news dispatches. SUBSCRIPTION RATES BY MAIL (Only where w« do not have established delivery lervlre) Payable In Advatlc* Doily and Sunday, one year $21.50 Doily and Sunday, iix month» $12.00 Doily only, one year , 518.00 Daity only, six month* $10.00 Thret pet cent salsi tax mutt bt added to mall rotes for all subscribers within West Virginia. When requesting change of addreii be lun to giv* ·Id oddren at well as new. HOME DELIVERED By Carrier Or Distributor Daily and Sunday, par week 50c Doily and Sunday, per half month .. $1.10 ' Daily and Sunday, per month $2.15 All carriers, dealers, distributors, are independent lontractori, and Bnckley Newspapers Corporation is not responsible for advance subscription payments made to them or their representatives. Reclamation Should Be Resolutely Required Water pollution and a marked recession of water resources in our area and through! the state have been crealed by the coal mining rape of our lands -both by strip and deep mining. Actual pollution of our streams largely comes from the acidity of mine drainage and residue from cleaning or washing coal, not just from a lack of proper sewage treatment or enough public service districts, although a definite need for Die sewage facilities has been shown. The clEslruclion of water sheds is caused directly by strip mining procedures where the land is left barren and no longer has the ability to absorb or hold water when it falls as rain or snow. Enough vegetation has been destroyed in our area to dry up many smaller streams which once flowed clear throughout the year. Many oj these areas now are wit/tout any water jrmn any source during the late summer mouths or have water so f i l t h y it cannot be used. * -* * THE STATE HAS fairly stiff laws governing both pollution and surface damage, but our representatives, from Governor Smith to county sheriff's deputies, apparently are afraid to enfore the laws because, in many instances, Uie coal operators hold high political cards. When arrests are made, the courts fail to find many violators guilty. A recent Wyoming County Circuit Court ruling held that pollution from great piles of sludge and slate were not illegal, though indicating such practices would be undesirable in some other state such as Florida, but not in West Virginia. Many coal operators have said pollution prevention measures and land reclamation are expensive and useless, pointing out that barren soil covered with coal wastes cannot support vegetation. Decent projects in both Wyoming and Kayetle counties have proven this wrong. In Wyoming, along Still Run Creek, a recently strip-mined area now boars wheat, 'Kentucky grass, and many tree seedlings. The. creek, which once, was unable to support the growth and habitation oj f i s h , is now a fisherman's paradise. The owner oj the stripping operation reported it cost him about $35 on acre to reclaim the soil and t!iat any operator who couldn't a.jford such a small cost /or tin 1 profit gained, is in the urruny business. * * * IN MANY AREAS, the preparations necessary for a state "pollution permit" are nominal, while in other areas, sludge ponds and proper facilities can be costly. The so-called "pollution permit" Is little more than a meeting of simple rprjnirpnienls which greatly reduce or ri'.miUHc pollution from the waste materials. Are most of our m i n i n g operators so desperate and making so little profit t h a t they will have to leave the area and our men without jobs if the reclamation and pollution laws are enforced? How many IHUIT tourists would go home reporting our slale a thing of beauty rather than a desolate, grimy wasteland? This .says nolliing of the fads that we would have more and better water and better living conditions for our- sc'lves. -* * * WE HAVE, FOR M A N Y YEARS, permitted outsiders to come in, make a profit, ruin our lands in a manner which would never be permitted in their own states, and leave us with m- calcuable damage while paying only small taxes and good wages for a limited time. Is there perhaps o coalition be- tifeeri our officials and the coal operators'.' Vt'ho is rcapiuij the profits and j.'i.o is Iffl with the problems? It is Imvi past titur that ier dc- ·t'.-.v./Jrr) jhiil our rx.-iiticiw; take ci n'!-i!/ir .vciwl against further rnni, \\i'i '/: 'i-ry, if irr cleaned up o Int. i i ' /-,' t^if^n a t t j a c t cicnnci, »i(trr fiiGjiluitlv industries. Top 0' The Morning TF $2,758; Songs Set From WWHS By EMILE i. 1IOUEL Things arc going swimmingly, as they say, in regard to Toy Fund arrangements. Mrs. Paul McClure, who directs the chorus at Woodrow Wilson High School, has volunteered the youngsters' services In iwo groups at the big Toy Fund Party. This will make for a much brighter parly, as we found last year when Mrs. Duke Williams and the Sophia High Chorus did a bang-up job for us The fact that there is no piano at the Recreation Building had worried us, but Mrs. McClure says Hint younp Paul Hagland has a portable organ which can be used, she believes. Otherwise, the songs will be a capolla. Now if we just had Santa Clans on hand for awhile again, things would be just as jolly as ever. There was a great day for Mac's Memorial Toy Fund on the financial front yesterday, loo. We had a large number of donations, including several that were especially notable. One of those we will save for last. The first came ill from Mrs. Boyd Humphrey's Homeroom 811 al Beckley Junior High School. II arrived with this note, "We have worked hard for this small amount, but we enjoyed doing this for some child that may not be as fortunate as we." The 811 donors were: Billy Allen, Thomas Ball, Herbert Blevins, Gregory Brown, Stephen Cloptnn, Bill Croy, Gary Dillon, John Donovan, Mark Edwards, David Fink, Zane Justice, David Murray, Roberl Neal, Bill Patterson, Hie-hard Starr, Darrell Williams, Joe Winner, Suzanne Ballpw, Vanela Blankenship, Karen Childers, Patricia Davis, Martha Day, Victoria DcSliazo, Cynthia Green, Martha Johnson, Jane Keenoy, Janie Maples, Drema Melrick, Shirley Ross, Pamela Scurlock. Peggy Sydenstricker. Belinda Tunslalle, and Rita Wallace. They gave S10.04, not a small amount, bill enough to lake care of more than five children the wily Mac'! Toy Fund does it. --O-Another such fine gift came In a check from the Alpha Zeta Zela Chapter of Ma Phi Beta Sororily for $20 and an addilioflal $0.29 being donated by Grady Quicksey Jr., aged 1 and son of Mr. and Mrs. Grady Quicksey Sr. of Grant Street. Grady Was crowned king of the Blue Revile, sponsored by the sorority last month. He wanted to share his gift with olher children and thus made a donation to the TF. The $20.29 was sent by the officers, Mrs. Pearl Hodge, president. Miss Pauline Clark, secretary, «nd Mrs. Ollie Trotter, treasurer. 'In The Spirit' The many others right In the rpiril of Christmas yesterday with gifts were: Mr. and Airs. Patrick .1. Brady of 106 Lovell St., In in unusual and attractive o«rd. $10; Roger M. Taylor of 725 S. Fayette St., S10: Walt, Hob, Rusty, and Tom liappold, sons of Mr. «nd Mrs. Walter Happold of 908 Woodlawn Ave., $5; the First Baptist Mission Circle of Lesler. Airs. Ora Turner, president, and Mrs. Gary Molten, secretary, in a lovely card, $3; (probably Una MucFnrlond of North Kaiiawha St., Jl; Mary Jo Burdiss of l t d Park Ave., daugliler of Spi. and Mrs. Fred Burdiss «nd a long-time TF donor, $2; John Brown, six-year- old Crab Orchard brother of our sports editor, $2; Gcorce Shirey, aged 3, of 110 Lilly St., $2. Mrs. Anonymous, $1; Mrs. James B. Bibb of 111 While Ave., in a pretty card, $1; Col. and Mrs. Robert. Thomson Jr. of 117 Lee St., $10; a collection put together by some of our comiKxsing room folks and proofreaders, Mrs. Vivian Benson, Mrs. Clara Perry, Mr. and Mrs. Guy Holliday, Mrs. Helen Feagans. and Ernest Royal. $8.50; the Women's Auxiliary of SI. Nicholas Orthodox Church, Gladys l l n d d n d , president, Diana M. Masood, treasurer, $5; Conrad, Klin, Melodic, and Yvonne Cooper, nice neighbors of ours and children of Dr. and Mrs. Harry F. Cooper of 1000 Dogwood Lane. $10; Mr. and Mrs. Herbert A. Buckley of Z'M Church St.. $r,; and (last but certainly mil least) » whopper from Hie Men's Civic Club of lleckley, V. D. llhmcy. president, .1. W. Wright, secretary. and Joseph Thomas, treasurer, a big check for %'\ Goal $2-12 A way That put the Toy Fund collections for Friday al $136.83 and boosted the 1966 total to $2.758.41. Thai is a new high mid eacli added gift will make a new record, bill it leaves us needing S241.59 to make that challenge goal of $3,000 set by the airmen In Able Flight in Pakistan. Frankly, we think that it will he reached by Christmas if not before the big party. 01 course. S. S:;t. Dennis Shumate knows (hat West Virginians are kind and generous people, but the rest of Able Flight will find this out this year. A thousand thanks to all and top of the morning! My Answer By BIl.I.Y GRAHAM I rcud the I'.ihlc hut i don't gel miK'li out of it. 1 have tried Ilu 1 Catholic Bible and tht' King James version, but the meantnt; just doesn't seem to bo clcnr. Is (hero « secrel to understanding the Ilihle? If so, would yon tell mo what it is? Which version do you use? W. 11. Since Ihe t i m e of my conversion (lie Hible has bcon liie must slunu- latinn and o\cilmi: tmk in my library. I must admit iluil before 1 \\:is converted lo Christ, I had difficulty imiierM.'injIinK " ^°. 1 behove that tho M'crot of u n d o r M a n d i n u Ihc Bible 1- '.. hi'fonlP i i r i i l l . i i i l i f i i U i ! h ]!.s Au'.ttar i rein! j i i ; i n \ !r;ulslMion. hat 1 i,iu;i\s i i ^ c . cir rr.osl ahv.l\sl 'ho Kins J«iiH's version when I preach. Road's End? CONVICT/O/Sf OA/ JJJRy TAMP6RIMS UPHELD BV SUPREME COURT Yesterday And Today-The James Outlaws Hit Huntington Bank By SHIRLEY DONNELLY An anonymous reader asks "You write about everything else, it seems, so why don't you give us a column on the time Ihe James outlaws robbed the Huntiugton bank in 1875, or thereabouts?" Well, h e r e goes. It was H u n t iujlon's first big robbery and the daring lioldup is still a chapter in folklore of the slale. When Ihe highwaymen rode into Huntlnglon a conference of the Methodist church was being held and folks who first noliced Ihe men riding into town look Ihem lo be Methodist preachers unlil Ihcy observed Ihe fast, blooded horses they rode. WHEN THE BANK was held up, Ihe sheriff of Cabell County was D. I. Smilh and Gene Salmon was depuly clerk of Ihe circuil court. Anolher man who well remembered the robbery was John H. Sanborn whose father operaled a blacksmith shop at llunlington in 3875. At noon the day the band was rouiied the four robbers appeared al Ihe Sunburn blacksmith shop and there hitched their horses. Olio of them was a nuin named Miller who used the Dallas of Webb. It Was on Sept. 15, 1875, that (lie quartet pulled the bank job in liiinUnglon. There was a store close to Ihe bank which was operated by Lindsay T. Powell. One of the robbers entered the store in which he found Powell and Dr. S. J. Unsold. Ho ordered Ihe store owner and doctor to have a seat and keep nilont. One of (he bandlls stood outside Ihe bank and operated as a lookout while the other two entered the institution and cowed the cashier, Robert T. Oney, with a couple of six-shooters. They scooped up the cash at band which amounted lo $10,252, according to the best report of the crime. AFTER THE loot was bugged 1 the four highwaymen leisurely mounted their horses at tile Sauborn blacksmith shop .and trolled out 12th Slreet end Fifth Avenue. Reaching that point they flourished their six- guns and fired a fusilade into the air. Then they put Iheir spurs lo Iheir horses and trolled them past Fifth Avenue and Ninth Slreel and from there they dashed out on the Eighth Street road toward what was then called Four Pole. Daniel had a skirmish with the Dillon boys while they were crossing Bell County, Ky. They were taken to be horse thieves when the Dillon boys spotted Miller and McDaniel and fired on them. WHEN WORD OF the holdup got out there was much excitement in the little town. Sheriff D. I. Smith organized a posse. In it were Thomas Garland, James Elklns, and the father- in-law of Sanborn. As quickly as possible word was spread and other posses were formed lo head off Ihe robbers who already had a headslart. The chase led through Wayne Counly and into Kentucky at White's Creek. SOON TIIK CHASE grew so liol dial Iho bandit gang divided two going in one direction and the others on other roads. James and Younger were re- IJortcd to have swung to the north while McDaniel and Miller, Alias Webb, continued over the original ronle lo Ihe Cumberland Mounlains of Tennessee. They had split up the cash they had stolen and a rendezvous in northern Texas was decided upon in event they were successful in eluding pursuers. James and Younger mads their get-away. However, Miller and Me- MILLER CONTINUED his wild dash for liberty into Feu- tress Counly, Tenn., after McDaniel was killed ^when Ihe Dillons shot him. Miller's horse losl a shoe and while the animal was being shod the sheriff of Fenlress Counly, came upon him bending over Ihe horse's hoof in front of a blacksmith shop. There Miller was taken into custody and jailed. Cashier Oney, who was robbed, went to Feulress County and identified Miller and recovered $4,200 found on the robber. The remaining $6,000 disappeared with James and Younger. MILLER WAS brought back to West Virginia where he was tried and convicted. Judge Evermout Ward sentenced him to 14 years in Ihe penitentiary. Miller said his home was in Kenlucky but the other members of his gang hailed from Missouri. It was at Wheeling the robbers met and planned Hie Huutingkffl holdup. They hud planned to rob a Wheeling bank and a B 0 train but decided otherwise. Then they plauncd to rob the Kauawha Valley Bank at Charleston but their get-away chances were limited, so they gave up the idea. Gene Salmon, tho deputy circuit clerk at Huntington wrote the committment papers which senl Miller to Moundsville. Seven years later when Salmon was clerk in the office of the secretary of stale at Wheeling he wrote out the pardon whicli Gov. Jacob Beeson Jackson gave Miller. Drew Pearson- LB J Urged To Visit De Gaulle In Paris MANCHESTER, N.H. -- In this city stands one of tile monuments of belter French- American relations--a Mcrci Iwxcar. It was senl to the people of New Hampshire--and duplicates lo dl the other stales --by a grateful French ]«ople after several million Americans, through the Friendship Train, senl about $·10 million in food to France and Italy during the dark days of 19-17 when the crops were bad. when striking Communist- inspired agricultural workers refused to reap parl of the harvest, and when both countries wore torn by labor disputes. I traveled through France and saw railroad stations pockmarked with bullet holes from a rail strike, and I remember how the dock-workers in Lc Havre broke their long work stoppage to unload the first Friend Ship. One hundred and twenty ships had been tied up in the harbor, but after that they were unloaded, In cratilude for lhal 1047 £t'.*ltire of frk'nd.s'hip from Ilu 1 American people, the French people in 1948 sent 48 boxcars, plus one extra for the District, of Columbia, loaded will, a wide assortment of gifts. I recall coming lo Manchester during the bleak winter of 1948 when we delivered the Mercl car and when Monsignor Gilbert carefully arranged to have it stand on a platform in the French section of this city, in whicli French-American influence Is so strong. I revisited the car this wce.k and, finding it carefully preserved behind gloss, couldn't, help but think thai tills is the way French- American relations should he preserved--beyond the erosive whim and pettiness of politicians. Unfortunately they have not, and one reason today, admittedly, is Ihe man wlio has done most for France--Charles de Gaulle. UMQl'K W K R K Till: boxcars, tho ol d "Quarante Homines. Hull Chevaux"--"Forty iMi'n. Eij!h Horses"--in which so many American boys hiid traveled lo the battles of i Chateaii-Thiprry and Argonne | in World War I. ! 1 traveled with the Morel ; Train which, thanks to the gent erosity of the Association of j American Railroads, distributed j thi- cars lo Ihc 48 states: and T b;ivo visited some of the cars since. The host preserved arc in 1'ivsnn, Calif.. Bismarck. N'.D.. !!;ihvn House. La. dhoui:h here Ilic state of Ixnnsiana IMS perm i l l e d IhP Iheft ci several provincial onats-of-arms), und in Manchester, r^.H, LOOKING BACK TO what .antagonized De Gaulle, I suppose the first incident came when he attended a While House dinner during World War II. President Hooscvclt had invited the chairmen of the Senate and House committees charged with foreign affairs, among them Hep. Sol Bloom, DJ1Y. After dinner Sol handed De Gaulle a trick cigar which exploded in his face The dignified Frenchman was furious. He (lid not know thai Bloom was a practical joke- slcr who tried to trick everyone. De Gaulle was also furious, imd understandably so, when Secretary of State Cordcll Hull referred in a public speech lo the ''so-called Free French." and lie was so irate over American co-operation with Admiral Darlan and the V'.chy French ( w h o had surrendered to the Nazis) that at the Casablanca conference in 1943 he refused to shake hands with Gen. Giriud, commander of the Vichy French, or have his picture taken with Roosevelt and Oliurohill as long as Giraud was present. Hoosovolt finally remarked to Churchill: "You're paying him; tell him no come, no pay." I FDR LATF.R TOLD this slc.ry :o a ^nmp of congress- i mm and. wilh his usual fiusto, j added embellishments. H* said I De Gaulle considered himself to be a combination of Clcmenceau and Joan of Arc. I published Roosevelt's quotes and got a scolding from Ihc Office of War Information for possibly worsening relations wilh De Gaulle They were already bad, however, and got worse, despile (he efforts of Gen. Omar Bradley, who in retaking Paris delayed one day lo let De Gaulle gel there and lead French troops back into their much-loved city. American troops which had done Ihc fighting and the dying stayed In the background. After the German surrender, Ihc Uniled States was careful lo bring Ihe French into all truce discussions. The French were assigned a sccliou of Berlin and a parl of occupied Germany. These are incidenls in Ihe ups and downs of French-American relalions which I mcnlion only because our two counlries have come through so much during our 190 years of friendship. And while I am convinced that American tourists going abroad should spend their money to help our economically ailing ally Britain, I also believe it would be wise for President Johnson lo take a Irip to Paris and put his Ions legs under the table with another long-legged and stubborn gentleman to try to bring the relalions of Iwo old friends back to tho poinl where Andrew Tully- Soviets Seem Receptive To U. S. Peace Efforts WASHINGTON -- Sen. Thomas K.uchel's call for a speedup in negotiations with Soviet leaders on curbing the awns race was a good thing, just as a periodic stand against sin is a good tiling Besides, it's always wholes o m e to remind a strong president like Lyndon John son that t h e opposition n o t only intends to get into t h e act but is prepared to be critical should Johnson appear to be dragging his feet. But Johnson is ahead of the boys on this one. The worldwide travels of the peripatetic Averell Harriman are aimed not only at the search for a formula for peace in Viet Nam, Jnit at persuading Moscow and the Soviet bloc that genuine disarmament agreements have ween a life-and-death matter for the rest of the world ever since Red China exploded its first nuclear device. Harriman's role is a niece of Johnson's dream of achieving a peace-keeping partnership with the Soviet Union; he was negotiating toward this goal long months before Kuchel's call for "full and frank discussions with Soviet leaders." Or, as one While House aide sardonically put it: "What, does Tom think Averell's been doing all this lime--taking sight-seeing lours?" HAltRIMAN'S w h i s I le-stop campaigning is given a great deal of the credit for the recent peace treaty for outer space between the Uniled Stales, Hie Soviet Union and other members of the United Nations. He not only twisted Moscow's arm, but did a lot of persuading among tjhe satellite regimes. Meanwhile, he keeps hammering away at the necessity for swift action In the current negotiations with Moscow on a treaty to prevent the spread of nuclear weapons. Hopes are a little higher for this one these days. They are based partially on Ihe fact that Soviet-American agreement on Uie space treaty was reached several weeks before the official announcement, after tht Russians suddenly dropped demands for such concessions ai "most favored nation" access to tracking station facilities. Moscow, it was said, was much less a stumbling block than De Gaulle's France, which did not withdraw its various objections until the last minute. ACTUALLY, THE chief effect of the space treaty is psychological; it limits the area of potential nuclear warfare. Much mora importanl, Ihe Irealy demonstrates that the Americans and Russians can get together despite either disagreement about the Vietnam war. W a s h i n g t o n successfully pressed its point that the war was irrelevant to the spats treaty discussions; now it is making the same argument concerning Ihe treaty, on nuclear weapon proliferation. K U C H E L'S STATEMENT however, has properly intensified Uie public debate over what response the U. S. should make to the Soviet decision to proceed with development of an anti-missile missile. Sides have already been taken in this argument; the hawks want the Pentagon to put the Nike X ABM system into production, and the doves demand that We try to talk tho Soviets out of expanding their defense system. The Pentagon is split, too. Defense Secretary McNamara believe .a more effctive American defense can be .achieved by improving our offensive missile force to make sure it can penetrate any Russian defense. But some of the brass are committed to the Nike project, arguing that no offensive system, no matter bow overwhelming is a positive deterrent to attack. Johnson will try to negotiatB Ihe Russians into agreement that any missile system expansion will only set off a new arms race which would be frightfully expensive and probably indecisive. So far, no one has convinced the Texan that he has lost those powers of persuasion for which he became famous on Capitol Hill. Thurman Sensing-Economic Anachronism lime By HARRY C. FRANCE The financial slalistics of America are staggering. Right now, commercial bank deposits, savings-and-loan money, mutual savings bank deposits and currency in circulation tola! more than $530 billion! . In addition, ! potential money resident In t. h e floating debt of I h e Uniled Slales (thai which is due in a year) is more lhan $100 billion! Twenty-f i v · years ago at this u ».^, *.,*. federal debt was $58 billion! As this is written, il is imora lhan $326 billion. The ceiling on Ihe federal debt Is $330 billion and very soon it is probable that Congress will move the ceiling higher. Thus, in 25 years (about 9,125 days) the average daily growth of the federal debt has been $29 million--more than one million dollars an hour, night and day, Sundays and holidays. THE BANKING SYSTEM in America has been in the very center of the enormous growth of the federal debl .and of money supplies. When Ihe Federal Reserve system was organized and the 12 Federal Reserve Banks were opened, Ihe aim was lo make America more able to supply Ihe required amount of dollars to support properly her Irade and commerce. Today, unost investors who are needlessly selling sound stocks for deteriorating dollars (a frequent Iheme of tills column), fail to heed what is happening to our currency. America is off the gold standard. And silver is fast ciisnp- , pearing from circulation. Ten- cent and Iwenly-five ccnl coins no longer have any silver in lliem. And half-dollars and dol- thcy were when the French Mcrci boxcar was dedicated in Mancheslcr, N. H., on a bleak winter day in 1948. A CLEVELAND constituent recently wrote Rep. Charles Vanik, D-Ohio. "Dear Sir--Could you please send me a government booklet on 'How to WMiiltle a Wooden Leg.' I got some old two-by- fours and other lumber." Mark Talisman, assislanl lo Rep. Vanik, relayed the nues- lion lo Ihe Library of Congress. "Yes," came Ihe reply. "We have a book on that general topic. We'll send it to you." lars are virtually out of circulation. IN NORMAL TIMES, common stock prices are based on earnings and dividends. But these .are not normal limes. If investors better understood the significance of the growing federal debt and its moncUta- (ion throughout the commercial banking system and the Federal Reserve Banks, they would buy sound common slocks and not sell them. Piling up cash balances in the face of the growing inflation is -an economic anachronism. IIEHE, FOR INSTANCE, is a frightened investor: He sees ghosls in every corner. His rent has been raised $50 a month. His New York Clly income tax will cosl him several thousand dollars a year. His cook is demanding $50 a mouth more in wages. Meals at his favorite'club have become more expensive. His church is having trouble in balancing its budget and he has been asked to give $2,000 lo meel Ihe 1966 budget. What does he do? Just what be shouldn't: sell a lot of good stocks. And today, with bank balances in high five figures, he asks me what he should do with Ills money. Today, total commercial bank deposits tola! more than $828 Million. Twenty-five years ago, they were $71 'billion. Billions upon billions of tills $328 billion figure represent uncertain, frighfened money. Stock prices will probably go lower. The negative psychology in the marketplaces drives investors lo sell when they should buy. And unless and until this negative factor abates, one can be sure that stock prices will not advance. In December, 1966, America is experiencing an economic anachronism. Selling is far too prevalcnl. THE FORUM (Q): "I have $60.000 in demand dcposils. My banker advises me lo buy no slocks. Do you agree? Whal should I do? B.II.T. (A) No, I don't. But before doing anything, consult .an experienced money manager. Mr. France has written a complete investment handbook: Dollars That Grow. For your copy, send $1.00 (no stamps) (o Mr. Harry France, care of liecklcy Post-Herald, Box 2492, Grand Central Station, New York 10017, N Y. the small society by Brickman ETHNIC AMP I AKB IN UVe/ PLEA5E TrtV To WHAT THAT

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