Redlands Daily Facts from Redlands, California on February 5, 1964 · Page 9
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Redlands Daily Facts from Redlands, California · Page 9

Redlands, California
Issue Date:
Wednesday, February 5, 1964
Page 9
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Investor advised to carefully investigate By JESSE BOGUE UP| Financial Editor NEW YORK (UPl)-Advice Riven by various investment counselors to the individual seeking the best haven for his funds generally boil down to the idea that he should make his decision only after a careful investigation. He also should determine in advance, reputable advisers say. what are his long-term objectives: Regular income, growth of capital, future income or whatever. At times the investor may see fit to entrust another with the task of making investments for him; his banker, broker or attorney, who, as agent, presumably goes through the same investigative procedure. The Investment Company Institute, which represents the common interests of the majority of mutual funds in the United States, has now published a handbook directed particularly to use by lawyers who may need information on the nature of the various funds, what they can and cannot do. and how they fit into an investment picture. It recognizes the lawyer's need for "full information" in directing investments and sets forth the things to look for in the prospectus furnished by an investment dealer. But they could apply to any individual contemplating investment in a mutual fund or. with modification to suit the type of enterprise, investment in a common stock. The prospectus, the handbook says, will first of all describe the basic nature, objectives and investment policy of the fund; explain the cost of acquiring shares, and the rights of the shareholder to redemption; and describe the shares. It will tell of the policy and tax status of dividends and capital gains; explain restrictions on investment practice, show a record of income, expenses, dividends and capital values on a per share basis; show who is custodian of the fund's assets, those who are its directors, trustees or members of its advisory board; the holdings, pay and affiliations of persons connected with management of the funds. PORTRAIT OF gw* Baby • Limited to children 6 years ond under • You may select any one pose taken from many for only 49c • Absolutely no obligation on your part TAKEN IN THIS STORE 4 DAYS ONLY! 1 THURSDAY, FRIDAY, j SATURDAY, SUNDAY \ FEBRUARY 6, 7, 8, 9 j HOURS: | 10 a.m. to 5 p.m. \ DRESS THEM UP! BRING THEM IN! i ONLY AT THIS STORE T150 Brookside Avenue Redlands \Market JSasket BOYCOTT — The public school boycott in New York was climaxed by a huge rally at Board of Education headquarters in Brooklyn. More than 100 policemen were assigned to this downtown Brooklyn area. The peaceful anff-segregation showing was more successful than leaders had predicted, judged by numbers of participants. (UPI Photo) Library announces films available in February Motion picture films available at A. K. Smiley Public Library [during February are: AN ADVENTURE WITH ANDY (COLOR) 10 MINUTES 1959 This is a story around the life and activities of Andy, a baby orangutan, at the New York City Zoo. Designed to arouse (children's interest in the sympathy for animals. ALASKA: THE 49TH STATE — ITS PEOPLE AND RESOURCES (COLOR) 16 MINUTES 1960 Breath-taking scenery, modern rapidly growing cities and towns, and astonishingly wide variety of climates, natural resources, and people — these are Alaska. BIRTH OF AN OILFIELD (COLOR) 30 MINUTES This film catches the suspense of drilling a "wildcat"—! a well sunk in unproved territory. BLACK WIDOW SPIDER (COLOR) 12 MINUTES 1969 The life cycle of the black widow spider and that of the tiny fly which is her worst cnemv are shown in this film. HAWAIIAN FEATHERWORK COLOR) 11 MINUTES 1952 The ancient art of feather,work is exemplifed by the Gol|den Feather Clock of King Komeharaeha and other historic capes, helmets and emblems of Royalty. IN CASE OF FIRE (COLOR) 20 MINUTES 1959 Preduced with the cooperation and assistance of the National Safety Council, this film demonstrates what to do in case of fire at home, at school, and in public buildings. JULIUS CEASAR - FORUM SCENE (B&W) 17 MINUTES This scene is an excerpt (Act III, Scene 2) from the full- length dramatization of Shakespeare's "Julius Ceasar", directed by David Bradley and starring Charlton Heston. LEGEND OF JOHNNY AP- PLESEED (COLOR) 20 MINUTES One version of the legendary Johnny Appleseed as told by Walt Disney in his inimitable style. (Walt Disney Films) MARK TWAIN'S AMERICA (B&W) 54 MINUTES 1960 A splendid assemblage of photographs from Mark Twain's long life and travels. MEXICO CITY: PATTERN FOR PROGRESS (COLOR) 17 MINUTES 1959 PANORAMA OF A PROVINCE (COLOR) 14 MINUTES Something different in every sequence greets the viewer of this film as it explores the Province from corner to corner, j showing cool summer retreats, lakes and major cities. (National Film Board of Canada) SICILY. ISLAND OF ME-' MORY (COLOR) 17 MINUTES' 1958 A vivid and meaningful preS' cntation of a beautiful and timeless land whose monuments stand as landmarks along the trail of history, whose people are guardians of the mingled heritage from the east and the west. (Pizzo Films) STORY OF THE GREAT LAKES (COLOR) 28 MINUTES 1954 WATER FAMINE (B&W) 54 MINUTES 1961 A film of great interest to all Californians — shows how water supplies are cut through misuse, carelessness, waste and polution. (Carousel) ^u.anas daily Facts new, reo. „, — V Assemblyman STEW HINCKLEY .... Says Sol drive. Much of the property in the area, near the country club, once belonged to the University of Redlands. Owners of residences already constructed have appeared before Supervisors to ask for protection against homes on small lots. Neil Pfulb, county planning director, told Supervisors that at a hearing before the planning commission in November four persons had appeared to protest any lots with less than 18,000 square feet of area. Nine Points was asking for a change from five-acre lots to lots of 18,000 square feet, but Pfulb said the commission recommended that none less than County approves j zone change SE of Redlands SAN BERNARDINO (CNS) A change of zone to clear the way for a 48-lot subdivision in an exclusive area southeast of Redlands that has been a matter of previous controversy was approved Monday by the Coun ty Board of Supervisors. The applicant for the rczoning was Nine Points, Inc. The firm is a big owner of land in the area, and the property involved in the Board hearing lies north westerly of the intersection of Sunset drive and Puesta d e 1'20,000 square feet. A variance > sites. Last Monday the Legislature cpend for business. The Governor addressed both houses in joint sessions, outlining his program for the coming year. All of this you have read about in the daily journals. Aside from the normal housekeeping items of the budget, public school finance looms again cs a major fiscal problem. Bond proposals for local schools, state and university construction; and additional operating state support for elementary, high school and junior colleges are now before us. In 1962 the voters approved a total of some $470 million for these purposes. Before we get through this session, it is anticipated that about half a billion dollars will be asked and placed before you voters again for approval, this coming elec tion year. This construction must go on. The voters have approved school construction bonds in the past and will probably do so again this next go-round. A word of caution may be in order. If these bonds continue to be issued at their current rate, the strain on the state's general fund ten years from now will reach a staggering S178 million for debt service alone. While the increasing economic growth will increase revenues to meet the spending program, such charges are bound to cause increasing rigidity in the fiscal situation and higher costs. In view of this, the Ad ministration should certainly restudy the "pay-as-you-go* method of financing for at least could be obtained to clear the way for these, he added The Supervisors then voted to hold the subdivision to zoning 20,000 square feet in area be'for lots with 20,000 square feet approved. Of the 48 lots, he'subject to proof that a variance said, only six would be under would be needed for smaller a part of our continuing state construction needs. Among the many scholarship awards now available to senior high school students are the $500.00 awards offered by the AFL-CIO. The awards are being presented to assist outstanding students in obtaining a higher education and a promote a better understanding of the labor movement. Senior high school students in public, private or parochial schools who are planning to attend college are elibible. The scholarship may be used in any field of knowledge, and is not limited to those interested in labor alone. For those interested, a two hour examination will be held on Friday, May 8th, 1964 in each high school where applicants have filed. Applications must be handled through the principal of the high school and be filed with the Eudcation Committee. AFL-CIO, Thos. Pitts, Secretary, 995 Market street. Room 810. San Francisco 3, Calif.: not later than Monday, April 13th, 1964. The aim of the examination is to evaluate the student's knowledge and understanding of industrial labor problems. He should show his factual knowledge and comprehension of social and economic conditions affecting labor and management. It think it is everybodys responsibility to support and improve our scholastic system and secure proper balance in this republic of ours. What do you think? You opinions and suggestions ire invited. Your letters should be addressed to me at my District Office, 204 East State street, Redlands, telephone 793-5029. TREASURE HOUSE Your unused furniture or appliances will find a ready mar- 'ket through Classified Ads. j -tfuu'i o*if. one, J • fJtfPPY • STOPS IN QUALITY.'! , LOW IN PRICE W MOVING After 33 Years in One Location at 101 West Citrus in Redlands ange & Runkel Chevrolet Is Moving To Its New, Modern Facility At Alabama Street and The Freeway in Redlands To Provide Improved Service To Our Many Old and New Customers Please Note! Parts and Service Departments Will Be Closed Friday and Saturday, Feb. 7th & 8th However 1 . Sales Department Will Be Open February 7th & 8th In the Old Location To Serve You ALL DEPARTMENTS WILL BE OPEN MON., FEB. 10th In the New Facility at ALABAMA AND THE FREEWAY - REDLANDS "AroLwefiT 5 Acres of the mast modern facilities in the entire valley — for your convenience and pleasure in purchasing New or Used Cars, Parrs, and Servicel

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