The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin on June 27, 1965 · Page 38
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The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin · Page 38

Racine, Wisconsin
Issue Date:
Sunday, June 27, 1965
Page 38
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Publisher, 70, World's Biggest Seeks an Even Greater Empire Editor's Note: Lord Thomson already owns 124 newspapers and magazines but at the age of 70 he's far from through. He's negotiating for a dozen more in the United States, where he already owns 18. His aim—to make more millions between 70 and 75 than he made in his first 70 years. LONDON- By Eddy Gilmore (AP)—At age 40, Roy Thomson was some accident I'm good for nnollier 10 years. I made more progress and became worth more money between 65 and 70 tlian I 'd made in tlie whole previous 65 years. Now my aim is to make more between 70 and 75 than I made out of the first 70. I doubt if I'll do it, though, because already I've got quite a bit." Q: Do you enjoy being millionaire? A: 1 do. I do, indeed. Q: What is happiness: operates 1 24 newspapers in eight countries (including ISJ A: The basis of happiness in the United States), scores of magazines and highly running a motKjr car supply agency in a small Canadian town. Today, Lord Thomson, at 70, is the biggest newspaper publisher in Iiistory—and probably the richest. Flis vast paper, communications and electronics empire! HEAT TREAT — Something new in heating is on the market. This knitted fabric, making its debut in New York, contains a zigzag resistance wire woven into nylon which is the essence of a new electric radiant heat panel. The complete home heating system goes on the ceiling like wallpaper and sheds radiant heat evenly over the room. profitable, ever-expanding television enterprises. Asked if he'd like to own all tJie newspapers on earth, he starts to laugh, catches himself, mentally changes gears and replies: "Own 'eni all? I guess in theory I would." The son of a poor Toronto barber, Thomson today baron, going strong- is your health and a happy family life. I've always had I IS a and f or more searchmg newspapers. Thirty years ago— the depression — in Bay, Ontario, a fast-talking during Nord YEAR-ROUND AIR CONDITIONING Here, in one compact package, is an efficient central system that provides comforting warmth in winter, refreshing cooling in sununer. It makes living a year- round pleasure. Call ua for a cost estimate. North Side Heating & Sheet Metal Works Heating & Air Conditioning JOE VISEK, Owner Phone 632-9283 1836 Charles Street salesman sold Thomson a carload of radios in an area noted for poor radio reception. Began Broadcasting Undaunted, Thomson bought a small secondhand transmitter on credit, rented a dressing room in a dusty theater in North Bay, got on the chilly air with records, and weather reports and news which he read himself. The radios sold. The station prospered and so did Thomson. "I once thought," he recalls, "that the most beautiful music in the world was a spot commercial at 10 bucks a whack." The radio station got him into publishing. "There was this newspaper in Timmins," he said. "It was doing pretty badly. I bought it by making a down payment of just $200 and paying up the rest —about $6,000—in monthly installments. That newspaper cost me only $6,000 to buy, and now it makes me $150,000 every year." Looked Overseas Acquiring more Canadian radio stations and newspapers —and running them profitably —he looked eastward across the Atlantic and headed for Scotland, the home of his ancestors. His first triumph was buy- ling that respected daily, the Scotsman. He parlayed that into getting the license for Scottish television as commercial TV came to Britain in 1955. Securing the license for about $120,000, Scottish TV in about two years was making a net profit before taxes of $393,000 a month. Roy Thomson was now ready to advance on London. He bought Lord Kemsley's Sunday Times, and a nation- a very happy family life, had a wonderful wife who died some years ago, and I have three children—two girls and a boy—and they've never given me a bit of trouble. I'm very proud of them. They love me and I love them. Amusing Incident I was amused the other day at my daughter who's a millionaire many times over. Her eldest daughter was out at a skating rink. She called her wide chain of morning and!home and said, 'Mother, will jected to, without making n collective effort. I found in all my discussions with the Russians that they're determined they'll never have another Stalin, if they can help it. Now 1 don't mean to suggest that Khrushchev was becoming a Stalin, but he was doing loo much on his own, getting too much personal power, and I believe the others felt this had to stop. That's why he was displaced." Ties with West? Q: Do you think that the Russians may one day be closer to the West than they are to the East? A: That's assuming a lot but the Russians are afraid of China. They're afraid of disputes and differences over the program for world communism. They have more reason to have disputes with China over boundaries than with the Western nations. Yes, I do feel that in time Russia will draw closer to the West. Q: Turning to Africa, do you think the West should 80 RACINE SUNDAY lULLETIN Simdoy, June 27, 1965 AP AVERAGE OF 60 STOCKS 375 350 335 300 275 1965| Jon. Feb. Mar. Apr. May June 322 320 318 316 314 312 310 308 •••••• •••••• Aug. 26, '64 w Small0tl Sah$ Sine* Aug.10,'64 Small0tl Sah$ Sine* Aug.10,'64 1 AP INDEX OF 35 WHOLESALE COMMODITIES OARDI OP THANKS Wn wUli In fiileml our ImmlfHl lliiinkn iiiKl (piiiPiilnUoii fur Ihfl nclH nf kliulliim«, innnnaKn« »' »vni|)nlli.v nnti bomiUfiil flnm nf- fnlnu" ifiiclvntl from our Kind frloiiHs luul nnlHlilinm durlnir niir riMirnl. hrrnaveniniil, In llifl l""" of our (ion, brnlher find gimul- Koii. W B Pnpeolnlly wUh Ui llinnk ncv. .Irronio Miller. - 'I'lie I'lalmr Fiinill.v. FUNERAL DinECTORS DAHL- KASUIiOSKI FUNERAL HOMIJ: rot Ui« fl«rvlo» YOO yvunt 1438 DouelM Ave Oliil 833-II131 MONUMENTS i CALL LBLAND •RBD' OEMETEflV L0T8J JONES FLORISTS Sheridan Woods Rnolne'/i Nowesl unci Moat Modern Plowpr Shop OeorKP T. Brrlpko 3331 UORAND AT KtSAnNEV DIAL 6.^-8.^.^1 compete actively with the evening papers. In four yearsiyou come and pick me up in, R u s s i a n s and the Chinese after his arrival from Canada, the once poor barber's son became one of Britain's largest newspaper proprietors. Thomson was elevated to the peerage by Queen Elizabeth II on Jan. 1, 1964. Selecting his own motto, it became: "Never a backward step." He 's Friendly A broad-shouldered, large- headed man with slicked-back gray hair and eyes that sparkle behind thick glasses, Lord Thomson is friendly, articulate and easily approached. the car. I want to go home.' Audrey, my daughter, said, 'Call a taxi.' 'Oh,' said my granddaughter Linda, 'a taxi'll cost a fortune.' Now this kid's a millionaire herself, several times over, and yet—that's her attitude towards money. It's the attitude of the whole family. We don't have money to squander." Q: Do you enjoy being a| peer? A: I enjoy it tremendously. Q: You have visited the Soviet Union at least twice, and you have had close con- Communists in trying to make friends and influence African opinion? A: 1 do most emphatically and if we don't we'll lose the battle in Africa to the Communists. 170 145 160 15S 174 173 172 171 170 169 1964 1 1 1 ^>/^ 1 Monday Tuatdoy W«dn«(day^ Highttt Sine* Jon* 22,1959. Thuridoy Fridoy STOCKS DECLINE— The Associated Press average of 60 stocks showed the largest weekly decline since President Kennedy's assassination, Nov. 22, 1963, when it closed Friday at 312.8 from 321.4 a week earlier. The weekly turnover was the second smallest for this year. Led by livestock, the commodity index declined to 172.3 from 172.4 in the preceding period. LEE'S FLOWERS IBMJ^Miiln flj;;; PlBl mi-mi Douglas Flower Shop FLOWERS OP OfJALiry Iflin Douglaii Ave ^9' lL ^'iiill""' MIXKli PEONIES - Af.I, eOTOflS. boumiem. Bohmnnn'a. 109 8. Eninien- «en Road. SPECIAL NOTICES Is Your Wife A Full Time Homemaker? If no, Rivo her ft rest toiilRhl from the regulnr roullne. Trpul her mid yourself to two yuniniv fried \j chicked dlnnern at $1 :ui Hi I he SUNSHINK BAR ANI> ORIl.l.. corner IVIh nnd 'Invlur Ave. For Inkc-honie ordcr.s, mil fi.n-125!), IhPii hop Into your rnr and come on over -U'll be rendy to go when you net here. Won't you try our chicken? NEW YORK tacts with Soviet officials. Do'turners got a break Consumers Got Big Break When President Signed Excise Tax Cut Sitting behind a modern deski ^u- i • . on the sixth floor of the ultra-!y°" '^f' Soviets will calcn up with and sur- UNUSUAL OPPORTUNITY For a qualified Life Insurance Agent Interested in becoming a General Agent for A Catholic Fraternal Insurance Society offering 1) A Competitive Agent Contract 2) Competitive policy plans 3) A Sound Financing Plan for new men 4) A Liberal General Agents Contract IF INTERESTED, write Box X-82and give details of experience and training for persona! interview. modern Sunday Times Building—called Thomson House- he answered questions easily and directly. Q: What are your ambitions in the U.S.? Would you like to acquire more newspapers there? A: Most certainly. We're now negotiating for 10 or a dozen more. We'll have many papers in the U.S. one day. Q: You publish millions of words daily. Do you ever write? Doesn't Write Much A: Not too often. Only when I do a high level interview, such as with Khrushchev, but generally speaking, I don't write. I find that writing, like any other profession; well, you've got to practice to be good and I just don't have the time. Q: What are the chances today of the young man with average education in the U.S. or Canada becoming a millionaire? A: If you want to make money you've got to have complete determination to make money. You've got to be willing to sacrifice leisure and pleasure. Generally speaking, most people think that's not worth while, and they're not willing to do it. I thought it was worthwhile and I made many sacrifices. I did things that I would have preferred not doing. I mean I'd have preferred to rest, but I couldn't because of my responsibility. Work at 65 Plus Q: At the age of 65 you took over the Kemsley news-| ever pass the U.S. in industrial and agricultural production? Cites Progress A: I think the Soviet Union in time will make great progress and will do much towards catching up, but I hesitate to say they 'll catch up, because I have a great respect for the ingenuity and industry of the U.S. But—if we operate in the future, that is in the Western nations as we're inclined to do with our great lack of discipline, well, a lot could happen. Discipline is a most important thing. We in the West did great things during the war and that was because we were under discipline. In my visits to Russia I 've found that they're making very great progress. The thing I like about communism is the discipline. I think we lack discipline. I 'm afraid that liberty with us has in many respects become license, and I believe we've got to do something to correct this. I think that every man has a responsibility to his country and I think very few of us realize this. Most of us consider our own interests first and not the interests of our country. I think if we want to get more purpose into our national life, we've got to be forced into it, and if we don't it's my firm conviction that we're going to be left behind by communism. Khrushchev's Ouster Q: You know Mr. Khrushchev very well. Do you think, his disappearance from the papers, yet many firms retire' TT'C I'S ^o^" ^ ^^^^^""^ \.,L\.^J .V,- o„- „f jgifor the U.S.S.R.? A: I think it means a setback for the Western world. workers at the age of 65. a man washed up at 65? A: I can't understand a man quitting at 65. I'm now over 70 and I think that, barring ATTENTION MANUFACTURERS - RETAILERS - WHOLESALERS Electronic data processing services are now available to all businesses in the Racine-Milwaukee-Kenosha area at low rates. I found him a very realistic man. He said to me, "Mr. Thomson, we can't ever have \^|a war. We'll all be destroyed." If he believes that—and I'm sure he does—we would never have a war with Mr. Khrushchev in charge over there. I understand these new men are following his path. I don't believe his displacement came about through any ideological differences. • Inventory Control • Job Costing • Accounts Receivable Soles Analysis • Payroll • Parts Explosions • '1 think Mr. Khrushchev;May 15. a breaK during the week when President Johnson signed the excise tax cut. Whether they will get a they are entitled to remained to be seen. When Johnson signed the $4 .7-bilIion piece of legislation, he appealed to manufacturers and retailers to pass along the cut in lower prices. Survey of Merchants An Associated Press survey of merchants In major cities indicated that most of them had changed price tags and were giving buyers the benefits resulting from elimination of taxes which had been charged at the retail level. However, David L. Yunich, president of Macy's New York Division of R. H. Macy & Co., department store chain, said, "Some manufacturers are resisting by contemplating raising their base prices." "The enactment of this bill reflects the confidence of the administration and the Congress that the benefits of excise tax reductions will be passed along to the American consumer," Johnson said. "We can expect no less from our competent business system." He added that the tax reduction "will pay big dividends in lower prices, in more jobs and more sales and in more production, not just this year but in 1966 and in many years to come." 1st Benefits Consumers began receiving the first benefits from $1.75 billion of the cuts which went into effect immediately. Another $1.75 billion will go into effect Jan. I, 1966, and the remaining $1.2 billion will be stretched out until Jan. 1, 1969. The 10 per cent tax on air conditioners was repealed retroactive to May 15, as was the first stage cut in the new car levy from 10 per cent to 7 per cent. General Motors Corp., Ford Motor Co. and Chrysler Co. began sending refund application forms to 830,000 purchasers of new cars since — Con-lfurs, jewelry, cosmetics, television sets, household appliances, cameras, musical instruments, phonographs, business machines, pens, pencils and phonograph records. Many merchants expected a buying spurt to develop. They said there had been considerable withholding of purchases in anticipation of removal of the tax. The end of the first half of 1965 neared with much debate heard about the state of the economy and the outlook. Business in the second quarter held up well in comparison with the record first quarter but some sources contended there would be a slackening in the second half. Darkest Spot The darkest spot was the! stock market, which had' slumped sharply after reaching an all-time peak on May 14. Sec. of the Treasury Henry H. Fowler said he was convinced that the government had the right economic mix" to keep the 52-month- old business upturn going. He mentioned wage, price and inventory stability and confidence for the future among consumers and businessmen. The Commerce Department reported that new factory orders for durable goods in May fell 5 per cent from April's record and housing starts fell 4 per cent from the April level. However, government economists called these changes "minor." Gardner Ackley, chairman of the President's Council of Economic Advis- ger cars, off 2 per cent from 207,775 the previous week but 14 per cent above the 178,979 of a year ago. Automobile sales continued to top the 1964 rate. In the middle 10 days of June, sales totaled 229,301 U.S.-built cars against 222,004 a year earlier. Steel production moved up during the week to 2.74 million tons from 2,692,000 the previous week. So far in 1965 output totaled 66,291,000 tons against 57,459,000 in 1964. CAMERA PROJECTOR riEPAIR 8, 18. 3» mm. units, plus tape re- corcteia. plionogiapns, stereo, and multiplex equipment. Pre« estimates, complete electronic iound EDWARD'S SOUND SEUVICE Min Wftslilnglon Ave. Dinl B3a-nil() Thomas Restaurant THE PLACE TO EAT Short Orders Breakfast—Lunches—Dinners CORNER STATE AND MARQUETTE TROUT FISHING 101 Stuart Road Weekdays 5 p.m. to sunset All day Sal.. Sun., or Holldaya Hatchery LIr.cnsn 1743 Chairs, Card and lianquct Tables for Rent MERCHANTS DEUVERV. Dial fi32-HIM MINDING YOUR BUSINESS By Cyrus Barrett Jr. PGR YOUR PARTY WE RENT DISH- cs, punch bowls, punch cups, coffee urns, .silverware. United Rcnt- ftUs, UOfl DouKlas Ave, dial (i32-fi4'j:i. WANTED - SOMEONE TO RRMOVFI frame resldcnllal home to parking facllltlo.-i. move whole building or lear_down fi:i4-3JI71 or 037-3709. WANT" A BETTER JOB OP SEWER CLEANING' CALL "MAC" at "Rolo Rooter" Sewer ServJ^ce. 634-6869. WEEKLY ^ WASTE" CC)LLECTION — Industrial and residential Southeastern Trucking Co., Inc., B86-2805 MEN'S FORMAL WEAR RENTAL — low rate, PUNTILLO THE TAILOR. 310 SIXTH ST., DIAL 633-2084. WANTED — RIDE OR POOL U,W,M; evenings, Monday, Wednesday. Tuesday, Thursday. 637-73H)^ WEDDING INVITATIONS — RAISED per ion. Open evc- prlntlng, $6.05 nings. 633-9152. SHIRLEY PLEASE COME HOME. Mother and babies need you. Signed, Mother. MAPS — OF RACINE COUNTY SOc each. On sale at the Journal- Times Office. 4lh and WLsconsln. LOST AND rOUND grew apart from his Cabinet and Parliament. He assumed powers that the others ob- Tax cuts effective at once include the 10 per cent levies on luggage, handbags. Dear Cy: IMarvin is in the marines. He was in Viet Nam, and 1 understand by the papers is entitled to a deduction on income taxes he paid for 1964. What should I tell my son about getting his refund when he gets home? Mrs. De Long. Dear Mrs. De Long: The Internal Revenue Service is marching at double time in refunding 1964 income taxes to servicemen returning from the combat zone. As per the president's order of May 4, the designated area is "Viet iNam and adjacent waters." If ers, reported to the Cabinet,enlisted man, Marvin will t.u^^ .1— -11 1 FOR LOS'l DOGS AND PETS OR FOR dogs and cats for adoption, contact The Humane Society's Animal Shelter. 1121 Stuart Road, dial 886-4497. Mon. through PrI.. 11 a.m. to 5 p.m., 6:30 to B p.m.; Saturdays 11 a.m. to 4 p.m. AUTOMOBILES FOR SALE '61 •61 '60 YOUR CHOICE $795 PLYMOUTH Fury 2- (loor Ihirdlop DODGE 4-cloor DODGE 2-door Hardtop that the over-all economy "resumed a solid and sustainable growth pattern in May." Ackley Comment Ackley added that the economy, as anticipated, isn't "repeating the giant steps of the first quarter," when the gross national product—total of all goods and services—increased by about $14 billion to an annual rate of $648.8 billion. The gain for the second quarter was estimated at $7.5 billion to $8 billion. Automobile production slowed a bit during the week but remained far ahead of the year ago rate. Output was estimated at 203,600 passen- Government Reports Labor Cosf Analysis Machine Utilization Auiomullc Data ProccHsing cuu increase your prulils by emttrnllinfi your conis. CALL OR WRITE Mr. Scoft D. Edmonsfon Mr. Jim Bergemann Mr. Robert Laskow INFORMATION PROCESSORS, Inc. 302 6th St. 633-8274 STRANGE CARGO—Odd things travel by freight car these days. In this case, they are golf carts—66 of the little two-seaters packed onto a railway rack car originally designed to transport new »utomobile«. be entitled to full tax forgiveness for every month spent there. Officers can claim a deduction of $200 per month. Marvin should file an amended 1964 income tax return through the district IRS Office where he originally made payment. On the envelope, and amended return, he should print boldy: "Amended -Combat Zone." Dear Cy: Your story on women making $100 to $10,000 at home on the telephone was an ear opener. My wife is on the phone constantly, and she might as well earn some money doing what she knows best. She agrees. To what firms do we write to hear more of these home business opportunities run by publications? Big Burt Dear Burt: For information on community representative subscription sales plans, write: "Look" magazine, (Des Moines, Iowa). "The Reader's Digest" (Pleasanlville, New York) McCall Corp., (New York City) or The Parents' Institute, inc., (New York City). With any of them your wife can sell just about any non- pornographic magazine published. Despite how strenuously she uses the phone, one good subscription sales connection should be adequate. Cy '60 OLDSMOBILE 4-door •60 CHRYSLER Windsor 4- door '60 OLDSMOBILE 4-door, air conditioned '62 PEUGEOT Sunroof Hendricks Motors 7012 Hwy. 31 Dial 6.W-3131 (Racine's Only Authorized Volk.swagen Dealer I Transislor guaranteed Installed. Ignlllon syslem. factory parts and service. $39.95 Belter mileage, speed »ccclerBtlon. Instant starts under all conditions. Your car engine runs "Just tuned-up" for 2S.000 miles or more. All makes of cars, foreign or domestla. Three year warranty. Royal Motors, Ine. 10th A Washington Dial J33 -7701 Buy Your TOYOTA Now! LOW. LOW DOWN PAYMENT. LOW INTEREST RATE ALPHA AUTO SALES 6535 Hy. 31 639-2757 1960 PONTIAC 9 passenger Wagon. Radio, heater, automatic transmission, power brakes, power steering, luggag* rack. WE.ST RACINE GARAGE 3204 Wash. Ave. Dial 634-27fi0 1967 BUICK TWO DOOR HARDTOP — power steering, brakes snd windows. Reasonable. 1639 nilnoU Bt., 633-8»0B. 1963 BUICK WUiDCAT CONVERTIBLE —bucket seata, ButomaUc, power steer- Ing and brakes. 878-1278 after •. 1968 CHEVROLET V -8 AUTOMATIC, dark blue, reasonable. Please dial fi:ia-3in2 1961 PLYMOUIII STATION WAOON — Good transportation. Call 633-8122 after 5_p m. MUST SELL — 1989 PLYMOUTH. V-8. automatic. Gxcellcnt runner. 1296. a:)4-s7(H 1901 CHEVROi.E'f STATTON WAdOl^ — fully powered, good condition. Dial fl:i0-2827 1904 CJiEVilOLEt IMPALA ^^WO DOOrl hardtop. 409 four speed. Call alter 6. 633-7371. _ 1084 MERCUIIY" 4 DOOR • - AU'fff: matlc transmission, 186. Pleaie dial 639-0119 _ 1980 4 JJOOn RAMBLlfiTcUSTOM — automatic. Must sell. Dial 632-1881. 191^8 WitiS. i^^Ec•lAL a bbbft - MB:: chanlcally lound. Please dial g33-60iii r960 rORD V -l, BTIClik, •X DSofi" hardtop. >680 or bait oftar. 637-3618* Hon. Inquire at 184> Morton Avenue condltloiv e3a -0gB4 4828 Victory A»». ;iT 'L:^Y {a° wTNiBy"- mlltaga, ntw tlrei. 11780. Call 633-4814.

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