Alton Evening Telegraph from Alton, Illinois on June 29, 1968 · Page 14
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Alton Evening Telegraph from Alton, Illinois · Page 14

Alton, Illinois
Issue Date:
Saturday, June 29, 1968
Page 14
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Page 14 article text (OCR)

PAGE ALTON EVENING SATURDAY, JUNE 29,19«S Cy Barrett Says. NINE ALARM FIRE — Flames shoot out of a paper box manufacturing company during a nine alarm fire in Philadelphia Friday night. The fire spread to other buildings in a block square paper company complex before the fire was finally brought under control. The building which is the Roosevelt Paper Company is reportedly owned by Irv Kosloff, owner of the Philadelphia 76ers pro basketball team. (AP Wirephoto) ?rican Smelting Declares 33i Per Cent Dividend The Board of Directors o American Smelting & Refining Co. at its meeting Tuesday declared a 38% per cent stock dividend payable on Aug. 8,1968 to stockholders of record July 8, 1988. The board also declared a dividend of 75 cents per common share payable Aug. 30, 1968 to stockholders of record Aug. 21, 1968. The August cash dividend wil be paid on the shares Issued on account of the stock dividend as well as on the shares Douglas Bair Joins St. Louis Brokerage Firm Douglas W. Bair of 2 Hanser Lane in Godfrey, has been appointed a registered representative of A. G. Edwards and Sons Inc., members of the New York Stock Exchange. Bair, formerly with Glennon Jackson Distributing Co. in Alton, will have offices at 409 N. 8th St. in St. Louis. In the Altin area, Bair is active in community affairs, such as Pride Inc., United Fund, and the Piasa Bird Council, Boy Scouts of America. presently outstanding. "The action taken by the board recognizes the very substantial mine and plant investments which have in recent years been made out of retained earnings," E. McL. Tittmann, chairman of the board, said. "It is also hoped that the additional number of shares outstanding after the stock dividend will make possible a broader distribution of the company's shares. "The outlook for the balance of the year is good. Most of the domestic mines and plants are now 1 operating at pre-strike efficiency and operations at high levels for the balance of the year are assured. In addition, earnings are benefiting from increased copper and silver production at higher prices." DEAR CY: My son wanted to buy a pair of loafers, and I said he could get any pair of shoes within our price range with arch supports built in. He Is a conscientious boy, but came home with a pair of shoes without any support in the arch. My boy says, "The shoe salesman told me arch supports aren't necessary." All our family are in jobs which keep us on our feet, and I am worried. Is the shoe salesman conning us, Cy? EGELBERT DEAR EGELBERT: Most youngsters and little salesmen start out life with healthy, perfect feet. If they wear poorly fitting shoes or develop the 'wrong habits of walking, trouble can result. I am told the properly fitting shoe fits snugly at the heel and arch so that the foot does not wobble. It has enough space in the toe so the foot can flex instead of being held rigid. For walking, .the right shoe for an individual has a low enough heel so the weight can be balanced. Our feet are marvelous creations, involving an intricate relationship of bones and muscles. The arch, for instance, is constructed in such a way as to be springy. When we walk with feel parallel, toes pointed straight ahead, weight is distributed along these springs. We strengthen them (abductor hal- lucis muscles) as we proceed at one frantic pace or another through life. Katherine H. Hain, M. D. is director of medica services for the firm which makes Tlnactin, a prescription drag designed to treat stubborn cases of athlete's foot. Dr. Main, who spends her working hours with the nation's feet, says. "A normal foot (90 per cent of us are born with nornm feet) not only does not need a crutch but is weakened by one. The natural arch of the fool needs to be left free to exercise as we walk." Of course, anyone suffering from painful feet and general fatigue should run to a doctor who may pre scribe arch supports, custom CY fitted to the need. DEAR CY: Do you think a man can be enterprising, a hard worker and end up bankrupt today? I heard bankruptcy was mostly a way of doing business. WELLFELLOW DEAR WELLFELLOW: History is full of cases where an enterprising businessman went bankrupt . . . against his wishes ... and fought back up the mountain to success. Despite what you hear, this is not the heyday of the going-out- of-businessman. CY DEAR CY: I am a mother who has about gone crazy. Would a home mail )rder business be worthwhile for a Vietnam veteran in his thirties who simply won't get out of the house? He has a high school equivalent education. My SOP wouldn't be against becoming a millionaire. MOM ABOUT GONE CftAfcY DEAR MOM: Many a veteran's mother will sympathize with you. fheif sons leave for combat, thinking that, if they survive, they will return to find the world their oyster. Upon getting home, they dis cover the same old nagging problems and fall into the old way of thinking. To find the pearl In life's oyster demands motivation. Anyone not having the quality of a self-starter should never get into mail order. Howard Sparks, author of "The Amazing Mail Order Business," says, "The first element in the personality of a mail ord er operator is the determina. tion to have a successful bus! ness of one's own, no matter how much work is involved or how many discouraging defeats will be encountered along the way." R. S. Hodgson comments, in DartnelPs "Direct Mail and Mail Order Handbook": "Con trary to the high sounding promises some of those who want to sell you books about mail order or provide you with serv- ces to help you get started in the mail order business, there s no easy route to success and the odds are badly stacked against the possibilities for making a fortune overnight.'* Pete Hoke outlines the possibilities for mail order selling well with his thoughts in the n-eface of "How to Use Mail Order For Profit" by Jim How- ard. Hoke states, "Can you sue 'ceed in mail order? Yes, you dan if you possess an ability to study, If you are a good buyer, if you can build a large customer list. You must have all the qualities of a top retailer ex cept a store." In the absense of spirit, your son needs guid ance in his work, Mom, This means getting a job, and you may have to cut off his allowance to send him there. In my opinion, the solution to your problem is not bringing business to your home for your son but getting out of the house Into productive work. Whether he likes it or not, when a person takes a job, performing it molds him. Lacking motivation, your son should find a mold. CY DEAR CY: So you think this heart transplant thing will lead to buying hearts for later use? ADLEY DEAR ADLEY: I don't know, but it is very comforting to know heart transplants have gotten people to think of someone besides themselves. Right now, there is a waiting line at the hospital to carry on where your machinery left off. CY MAKE MONEY Profitable Gift Developing and Hobby [deas! For your free copy of Cy Barrett's exciting tips, write him, care of this newspaper, enclosing a self-addressed and stamped envelope. SHIRT CAUSES ARREST - Kenneth R. Kennedy, 19, was arrested by St. Petersburg, Fla., police recently while wearing a sldrt made to resemble an American Flag. He was charged with breaking a state law against "Contemptuous abuse" of the flag. Shown above is Court Clerk Frank Barrios displaying Flag Shirt. (AP Wirephoto) Missouri House Okays Impeachment of Hasler Illinois Power Co. Declares Dividend Directors of Illinois Power Co., at a meeting June 25, declared regular quarterly dividends of 51 cents per share on he 4.08 per cent cumulative preferred stock; 52^ cent's per ,hare or: the 4.20 per cent cumu- ative preferred, stock; 5314 cents per share on the 4.26 per sent cumulative preferred lock; 58% cent;* per share on he 4.42 per cent cumulative pre- erred stock; 58% . cents per hare on the 4.70 per cent cum- lative "referred stock; and 45 ents per share on the common stock of the company. These dividends are all payable August 1 to stockholders of record on July 10. The board of directors also postponed a special meeting of stockholders set July 19 to vote upon a proposal to approve the issuance of shares of common stock of f he company to holders of common stock of Central Illinois Public Service Company in exchange for their common stock. The dif?ftors will subsequently fix a new date for the meeting. Deterioration Noted in British Trade Balance This aluminum folding chair is your Germania Savings gift* when you start a new account with $200.00 or more or add $200.00 or more to your present account. This attractive chair is an ideal extra for outdoor picnics, camping, riverbank fishing, patio parties and carrying in your car. You will enjoy our lawn chair gift. Besides, at Germania Savings your passbook accounts earn the most with 4 3/4% daily dividends. Ask about our bonus accounts that earn 5 1/4%. Offer ends July 15th. Be fhe first to join the happy parade of green chair* from Germania Savings. "One chair to an account, none mailed SAVINGS GIFT This Handy Lawn Chair By JOHN CUNNIFF AP Business Analyst NEW YORK (AP) — If any evidence is needed that the world's monetary problems are still close to a crisis condition it has been provided by reports of a deterioration in the British trade balance. In recent years confidence in paper money, not just in the pound sterling, has declined steadily, the result of inflation, international payments problems and internal turmoil that has made people question the societies of which the paper is a symbol. In the past several months the world has been less eager to hold dollars. The British have been forced to devalue the pound from $2.80 to $2.40. And now the French and their franc are wobbling. Stated simply, the danger is that these major currencies, which provide the oil for the machinery of international commerce, might become so unacceptable that the gears will begin grinding and might even jam. Dr. Pierre Rinfret, an international consulting economist, has just released a special report for his corporate customers, called "Crisis and You," in which he describes a financial emergency. It exists, he says, "when people abandon all forms of securities, bank deposits, debt instruments and representations of money for cash in the strongest currency available, including gold and silver." The cash, therefore, "is taken out of productive use and disappears into hoard." It is hoarded because to leave it invested might mean, in the hoarder's view, that it wpuld deteriorate or be unavailable when needed. To some extent this already is occurring. Since November speculators have converted as much as $3 billion of paper into gold, much of it from U.S. vaults. And the situation still isn't stabilized. If improvements in monetary matters— or the certain prospect of improvements—do not develop in the next few months, some analysts look for more crises, perhaps in the fall, when the International Monetary and Low Association 643Maet BnaduKiy, Alton, Illinois 62002 ; 8JS/466-6M9 f Business Briefs i Office Opened Dr. Donald R. Ingram has opened an office in Alton. An ear, nose and throat specialist, Dr. Ingram's office is at 533 E. Third St. Dr. Ingram, formerly a staff member of the Department of Otolaryngology (ear and throat) at Henry Ford Hospital, Detroit, Mich., is a graduate of the University of Illinois College of Medicine. The son of Mr. and Mrs. Myron G. Ingram of 3415 Brown St., Dr. Ingram and his family are residing in Godfrey. New Post Raymond L. Gooch, former! of Bethalto, has been name research associate in the n tional economic developmen group of the United State Chamber of Commerce. H formerly was an attorney-ac vlser in the office of genera counsel of the Agency for In ternational Development.' He is a graduate of Washing ton University, St. Louis am has a law degree from George University, Washington He attended Bethaltt Grade School and Civic Memor lal High School. Gooch is the son of the laic Mr. and Mrs, R. 0. Gooch. At Seminar Representatives from three Alton beauty salons attended a three-day seminar in Chicago over the weekend sponsored by "Salon Owner" magazine. Johnson Dedicates $50 Million Dam By DOUGLAS B. CORNELL Associated Press Writer NASHVILLE, Tenn. (AP) President Johnson dedicated $50 million dam today as a sym bol of what he called New Con servation concerned wit "bringing nature closer to the jeople." "That has been my goal since I became President," Johnson town D.C. Mrs. John Shay, owner of Cheri's Beauty Salon, Mrs. Robert Bohart, owner of Bohart's Beauty Salon, and Mrs. Julia Pearce, manager of Moderne Beauty Salon attended the owner-manager seminar. Some 200 businessmen from -'4 slates were represented at die seminar in Chicago's O'Hara Inn June 15, IB, and 17. Southwestern Unit to Show Films Monday PIASA - Films will be show, from 5 until 9 p.m. Monday a the Brighton, Medora, Shipmar and Southwestern libraries Rooms near the libraries In each school will be' used fo showing of the films on a vari ety of subjects. All films are from the Alton Area Supple mentary Education Center. Mi-s. Earl Bichey of Medora has contributed a collection o 188 books to the high school library for use by adults dining the summer program. Materials available at the high school library include late issue road maps of all 50 states Mexican and Canadian prov inces, as well as enlarged maps for 48 American cities and a comprehensive map of U.S. toll roads, all of which may be checked out by adults. Open Home The Bank of Campsvl'le will observe its 60th anniversary with an open bouse iunday afternoon. The public has been Invited to call from 1 >.m. to 5 p,m. Extensive remodeling was re- ently completed on both the exterior and interior of the build- ng. New features added are a rive-in window and a night de- osJtory ^ said. "Along with peace in the world and progress at home, there is no legacy I would rather leave than a permanent conservation program." The half-mile dam backing up a 42-mile lake 10 miles west of here on Stones River is named for J. Percy Priest, the late Tennessee congressman. Sponsors boast it will put "a watery playground in greater Nashville's living room." It also will provide flood protection and power production. Before pushing a button to pen the dam's gates, Johnson noted in a prepared address the many purposes the project will serve. "But most important—to me, at least—it will create a beautiful new recreation area within 10 miles of the very center of Nashville," he added. "It is a perfect example of the New Conservation: 18,000 acres of unspoiled nature, within easy driving distance of nearly half a million people, for boating, camping, hiking and swimming." Johnson prodded Congress to 3ass six major conservation sills now caught in the final jam :o adjourn before the August national political conventions. Two of the bills would create national parks—Redwood in 'California and Northern Cascades in Washington. Two others would authorize scenic rivers and the lower Colorado River basin project. Two would revise the Land ind Water Conservation Fund Act and establish a National Water Commission. Johnson flew here from Wash- ngton to be greeted by a wel omlng delegation headed by Gov. and Mrs, Buford Ellington, Johnson lauded the three Con. resses he has worked will flu* ng his Wait? House career as ome of the most conservation- minded in history, And he said he nation now is reclaiming lore land than it loses to bull- ojser-four million acres in {be ast three years. Fund meets. The British are trying every measure to avoid another crisis. Britain is on an austerity diet of taxes and wage controls designed to reduce intake and boost output. It's a boxer's regimen. Half a year after devaluation, when results should be showing, the British have announced that May exports dropped and imports rose, the opposite of what was desired. The trade figures showed exports $12 million less than in May and imports $24 million higher, despite the fact that exports were made more competitive and imports more expensive by the devaluation. As a consequence, more faith in the pound was lost. Questions arose as to its real worth, and many people felt that worth was less than $2.40. And so the pound dropped sharply. Now the question arises: How far would the price of the pound drop if the British and their allies didn't come into the market to buy pounds and thus maintain the price around $2.40? Talks already are developing among financial men that this JEFFERSON CITY, Mo The Missouri House of Repre sentatives virtually closed the door on the second special legis lative session Friday after ap proving articles of impeachmen charging St. Louis County Cir cuit Judge John D. Hasler o LaDue with misconduct, corrup tion in office and incompetency The House agreed with the senate to adjourn the session Monday after brief administra tive sessions. The articles of impeachmen were the result of an investiga tion by a special House com mittee last spring and a da> and a half of public hearings bj the House. Chief witnessses were Mrs Jean Shelby of Poplar Bluff and her estranged husband, Delmai Shelby of St. Ann. He filed a di vorce suit against her and it was assigned to Judge Hasler's court. Mrs. Shelby testified the judge wrote intimate letters to her tell ing her how to file a cross bill in the divorce case. She kept the letters despite Hasler's reques that she burn them. She sai( her husband took them out of her pocketbook and he said he made them public. Shelby testified he was the father of three of their children but the fourth was not his. The divorce case still is pending in another division of the St. Louis County Circuit Court and Shelby has. custody of the three older children. Judge Hasler and his attorney sat on the sidelines during the House hearing but refused an invitation to testify even behind locked doors. artificial price maintenance cannot continue much longer without a reversal in the British trade picture. If this improvement does not come the pound could be devalued again or left without supports to seek its real level based on supply and demand. L. Kliiike Attends VW Conference Lawrence Klinke, general manager of Banrett Motor Co., Inc., an authorized Volkswagen dealer, 3685 E. Broadway, Alton, attended a week long Dealer Management Conference at the Drake Oakbrook Hotel in Hinsdale. Under impeachment procedure the final hearing of the charges against Judge Hasler will be held by the Missouri Supreme Court. S&L Groups Meet at Lockhaven Groups 7 and 8 of the Illinois Savings & Loan League met recently at Lockhaven Country Club 5 miles northwest of Alton on the Great River Road. Hosts for the meeting were the Alton - East Alton - Wood River Savings & Loan Assn. League, which is comprised of Germania Savings & Loan, Jersey Savings & Loan, Wood River Savings & Loan, Citizens Savings & Loan, Alton Savings & Loan, East Alton Savings & Loan, and Home Savings & Loan. One-hundred and eighty- five persons representing 37 savings and loan associations from the Southern Illinois area attended the meeting. Special guests included John Stipp, president of the Federal Home Loan Bank of Chicago; the Honorable Justin E. Hulman, commissioner of the Office of the Illinois Savings & xmn Commission; Jack Shinn, :hief examiner of the Illinois Savings & Loan Commissioner's Office; Bernard Polik, president of the Illinois Savings & Loan League; and Harry Good- itt, executive vice president of he League. During the meeting various aspects of the saving and loan business, governmental regula- ions, taxation and trends v/ere iscussed. Principal speaker was John Stipp. w«v u, ton* fc Navy flgbt- tirepboto) m^mtsrs^m^w WflIUirkltntn\> I ' ^^ i

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