Page 5 article text (OCR)
MONDAY, MARCH 27, 1950 BLYTHEVILLE (ARK.) COURIER NEWS Watch. That'Old Rocking Chair;' Successful Retirement Is Hard By Sam Dawson NEW' YORK, March 37. (ff^—So IVI IOJ > f> I Boyle Is Ready to Shove His Million Dollar Daydream annuities, or packed plenty of securities into an Investment portfolio, and beckoning ahead are years o( wonderful loafing. Don't kid yourself, brother. The pension and time on your hands aren't all there Is to your problem. You'd better make sure: 1. That the dollar income you're counting on will be enough, if further inflation should whittle more value off the purchasing power of your savings; and 2. That your days won't be cut short by what doctors call "retirement shock," the Inability of once active men to adjust themselves to Idleness and the threat of boredom. • •. • Retirement Is Hard "Successful retirement Is one of the most difficult achievements of a lifetime/' says Thomas C,- Desmond, In the current Issue of 'Trusts and Estates," trade publication of capital management. . Senator Desmond, who heads up a New York state legislative committee, studying the -problems of the aging, cites, medical Authority for the statement:. "Aging can be hastened or slowed down. Inactivity speeds up degeneration." In your-thirties and forties, Desmond says, start building up your investments for retirement. But at the same time start planning the non-fiscal ^aspects of retirement "Develop now ah interest outside your business you can ride as hobby when you retire, 1 'he says Anrt, above all, don't merely plan to vegetate, but retire to something •i active. The rocking chair can be i as deadly as thrombosis. f What to do when retired Is ' longer ]«st a problem for the few Millions more are being added by union agreements to the rolls of the prospective pensioner. Social security will cushion the last years of millions more. .: 11 Million Are 65 At present there are more than 11 million persons in the country 65 or over. That is 7.7 per cent of the total. But so fast Is science pushing ahead the life span expectancy that the country by 1975 (the year whose now 40 will start drawing pensions) is expected to have 17-1(2 million persons in the retirement age brack- «t, or 11 per cent of the total. ' The prospect of 17-112 million per- •ons rocking on the front porch is beginning to worry even the social , planners. Because by then there '•' will be some 99. million, or only 60 \ per cent of the total, in the 20 to i 64 age bracket—the span of years ; in .which most of the nation's work ;' will be done. The other 40 per cent will be either too old or too young. 510,000—1900 Equal $3,400 As for that other worry, the drop which the purchasing power of the jj dollar has taken so far this century, •there are ft couple of views: - "Keynotes," published by the • Keystone Co., a Boston investment firm, says that $10,000 sewed into the mattress as cash in 1900 would be worth only $3,400 today in purchasing power, compared with what it would buy at the turn of the century. You would have to get almost 2-i[2 per cent Interest, compounded annually, to keep the Invested capital at par In purchasing power in the market place, the company says. , However, taking the rising costs of goods and services over the years Into consideration, the National Industrial Conference Board reports today that nevertheless the purchasing power of an hour's work almost doubled between 1914 and 1948. Or, putting it the other way, "the 1948 factory worker had to work only about half the number of hours that the 1914 worker did to pay the family bills." The board arrives at this by citing figures to show that while the price of goods and services rose LET IT RAIN-Hollywood's .Joan Caulficld is , pretty as a rainbow and ready for 'April showers in tills abbreviated rain outfit that she wears in a new musical picture. By Hal Roylr NEW YORK W)—Anybody want a iiillion dollars in dream money? You can have mine. I've'tried and I can't spend It. Not Legion Organizer Dies in Little Rock PAGE FIVE sharply, the hourly pay of workers has risen even higher. • Savings Are Up Certainly the savings of the American people as a whole have gone up over the years, as they, plan for retirement or the rainy day. The Home Loan Bank Board reports today an increase of more than $6 billion last year in savings, as put in various types of banks, in u. a. savings ^bonds^ an'd in life ^insurance. Savings are at a new h'igh of nearly $169 billion. But don't put all that $169 billion into .rocking chairs—not if you want tr> avoid an untimely death from "retirement shock." rled—and •nyinorc. Imagining what you would do If omeone gave you ft million dollars .1 suppose. America's favorite daydream. It Is a mental game have been playing for 30 years. And it used to be great fun. Us- latly I'd perform some gallant deed lo win (his fancied wealth. I'd dash out Into the street and save a little |irl from being crushed. Her grate- 'i'l father — banker, naturally — vould whip out his checkbook, write out a draft for a $1.000,000 and hand it to me, saying. "Here, my boy, accept this as a slight token of my ap preciation." Million for Tony There was only one reason a smal boy at t it time would want million dollars. I'd hitchhike ou to Hollywood and tell Tom Mix. the Hopalong Cassldv of a generatioi ago, "Tom. I want to buy your horse Tonv." "Why. son, it would take a millloi dollars to buy tha'. horse." Tom'd drawl. "Here's your million, Tom," I'd answer. The flabbergasted cowbo 1 would take the check—and I'd leap up on Tony, and ride him home. Oh and when the neighborhood kid saw me gallop by on Tony—the envy 'n their eyes: " This daydream lasted .me from kindergarten clear through grammar school. Girl of Freckled Bsauly Then I met a girl of ruinous beauty in Junior high school. She had dimples, freckles and astigmatism —that is to say. he couldn't see me at all. But in study hall I'd dream up lhat good old faithful million dollars, and buy me a sack of fslit- And I'd pour them into the hand of my scornful beauty—yes, right there before the eyes of the teacher — and when she'd say, "Harold — they're wonderful." I'd say. "No, Agatha, they're baubles—Just baubles." Thai particular daydream, played over and over again in a mind that should have been studying Latin verbs, explains why I flunked Caesar. The Move to Monte Carlo ^ In college I started spending my mythical million at Monte Carlo. I'd push my way through the dukes and princes to a place by the roulette .wheel. "A million dollars on the red," I'd say offhand. The wheel would spin --and turn up black. Lost—a million bucks on a turn, of the wheel! I'd saunter away with n careless smile as the titled throng fell back in LITTLE ROCK, March 27. One of the organizers of the American Legion, Ashbel Webster Debyns, 70, LIUle Rock attorney, died at his home here yesterday. He had practiced law here since 1908 and was recognized as an authority on financial laws. He was a member of the law firm of Rose Dobyns, Meek and House. He was a captain In World War I and wns a member and secretary of the subcommittee which wrote the American Legion Constitution at Its first convention In Minneapolis In 1915. A native of Austin, Tex., Dobyns attended Mlllsaps College, Jackson Miss., and Gallaudet College, Washington, D. C., and was an instructor In schools for the deaf before he began practicing law. He was principal of the Arkansas School for the Deaf from 1900 to 1908 and received his law degree from the University of Arkansas In 1908, He Is survived bv his wife, Mrs. Nancy McClerkln Dobyns, and n brother, Robert M. Dobyns, Denver Colo. ' Plague died down In Europe in the 18th century after 1,200 years. iuve. Later, when I went to work for » living, I noticed two things about my daydrer.m. I v.-.sn't doing anything to earn the million—I'd Just start with the assumption I had it And I was getting selfish about spending it. I'd buy myself yachts and homes on the Riviera and stables of racehorses.'And I was drinking tubs full of champagne with chorus girls and film stars. Completely Flabbergasted This was no way to live, and I cut It out. Even in my dreams my arteries and conscience couldn't stand the pace. Lately. I find,' I don't know whti. to do with the money. I've figured out that $200.000 would really give me every single .thing I now want out of life. What to do with the rest? Well, if I give It to the Red Cross, the Boy Scouts .might get mad. And vice versa. And there Is h big, red-faced man fvo the de- Up 2.0 Per Cenr Up 8.4 Per Cent Up 4.8 Per Cent Down 3.8 Per Cent CRIME IS ON THE UP AMD UP—Newschart above, based on the new annual report of the FBF, shows the upward trend of crime in the United State! in 1948, at compared with 1948. Total Increase In crime lor the whole country was 4.5 per cent. Thl» rrpmentx „ 4^ increase in city crime and. an 8.5 increase in crime in rural areas. Grand Jury Convenes After Seizure Of Whisky, 'Slots' at Malvern that million? Where did you really get it?" So. If you want to be a daydream millionaire, don't just take one mil- ion. Take two. You.can have mine. I'm all worn out from the responsibility of figuring what to do with It. MALVBIIN, Ark., March 27. (fl 1 !—• The Hot Spring County grand jury convened here today ns an aftermath of a series of raids in which a score of slot machines'and more than 50 gallons of whiskey weic seized In and iu-nr Malvern. Circuit, Jud?e Roy Dunuscr. who issued search warrants for the Saturday raids, called the special giuiid jury session. Nine persons were arrested on charges of Illegal iiosscssion of liquor ns Arkansas revenue department investigators, state policemen and representatives of the sheriff's department and Malvern police force visited tourist cami>s, laxicab Btjjids, cafes and dwellings A revenue department spokesman said most of the slot machines .were found in a warehouse of C. W. Hardwick Jr., a. Malvern alderman who operates a coin mr.slc machine bus- iness. No charge was filed against Hardwick. Tiie Investigators said they found HBHH^^BH^MM I TZ: THEATRE Manila, Ark. l\lnndny & Tuesday "CHICAGO DEADLINE' with Alan Liiilil and Donna Ktxti • Wiirncr Nuws & Short 60 gallons of untaxcd "moonshine 1 whiskey. 40 gallons of It In one dwelling near Malvern, besides ap proximntcly seven cases of "brand Fistula Is Real Threat Free JJook — Kxplains Olhc Itclnlcd Ailmciifs d" whiskey on which no »tat« UK ad been paid. Hot Spring County Is legally dry." slot machines are Illegal la rkansas. First American troops to land In Cuba during the Spanish-American Vat were U.S. Marines who estab- ished a beachhead at Guantanamo Bay In June, 1898. ; • • •," N E W Hox Opens Week Days 7:00 p.m. Matinee Saturday i Sundays Mat.-Sun. 1 p.tn Cent. Showing Manila, Ark. Last Times Today 'SOUTH SEA SINNER" with MacDonald Carey and H. Carter Also Short! Tuesday "UNMASKED" with Kob Rockwell Also Short* 40-page PUKE HOOK—tells filets about Fislulit, Rectal Abscess, Piles and other rectal and colon disorders; nlw) related ailments and latest corrective treatments. Thornton & Minor Clinic, Suite 1572, Oil E. Limvood, Kansas City 3, Mo. K'tucky No. 31 Fescue Pasture Mixtures, Alfalfa, SEED CORN State Certified COTTON SEED and SOYBEANS . BLYTHEVILLE 'SOYBEAN CORP. 1!)0t) W. Main Phone 6856 BetterCough Relief When n&w drugs or old fail to stop your cold don't delay. Safe, dependable Crcomulsion goes quickly lo the seat of (he trouble lo relieve acule bronchitis or chcsl colds. Creomulsion hax stood the lest of more than 30 years and millions of users. It contains safe, proven ingredients, no narcotics and is fine for children. Ask you: druggist for Creomulsion and take it promptly according to directions. CREOMULSION Rcliuei Coughi • C hen Colds • Irondttfa Also Cartoon Tues.-Wed. First Blytheville Showing Theyfara* • COOPER •« GOODARD 'HCQNpUERE TECHNICOLOR Also Color irtM« -« "Movies Are Better Than Ever" , , • ALSO • "Woman's .Vengeance" WADE'S invites You to EXAMINE, CC: -ARE and BUY THE COVERING Of IRRESISTIBLE BEAUTY Colors Locked in Tough Vinyl Plastic > loogh er«ti ty« tout hint »! • lie* flo* withowf fattening, hutafl » y*»r« «elf! • Wipei clean with a damp clofh—no scrvb- bing neccstary! • Covers average • x 10 fool VHchm fa* about $15.95! Sandrnn takes the hard work and high price out of floor covering loveliness. Its rich, ."custom" beauty is !ocked ; for-life in tough vinyl plastic. Even dirt, grease and grime can't hurt Sandran's smart, new beauty . . .for Sandran's smooth, lustrous surface can't absorb soil. It simply sheds dirt—wipes clean with a damp cloth. Sandran looks and feels like rubber tile, yet costs one third as much. For lovelier floors, at budget prices, Uie most beautiful buy of all is Sandran. ma... THE A whole new concept CTURE- CROSLEY ' ' /i WADE Furniture Co. ; Trac/eWii/iWade&Save" Blytheville; Ark, Union City & Martin, lenn: Owning TV can now be more satisfying than ever before! With Crosley Ultra-Fidelity Television you have the first set in which circuit, viewing screen, cabinet... everything has been designed as a unit . . . planned from the family angle. Here, in the 12'/z* console, is a magnificent piece of TV furniture that willprovide countless hours of fine entertainment for every member of the family. Cabinet of satin-smooth Cordovan-finished mahogany veneer. This TV set employs the Crosley Unl- tiiner plus a built-in antenna. Come in today—see this amazing set nowl Plus Installation WADE FURNITURE CO ™ ^1 mf mm "Tradc'With Wade and Save" iV.