The Algona Upper Des Moines from Algona, Iowa on March 21, 1968 · Page 12
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March 21, 1968

The Algona Upper Des Moines from Algona, Iowa · Page 12

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Algona, Iowa
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Thursday, March 21, 1968
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For And About Teenagers) WHAT TO TEU- WHBsJ THEY PHONE NUMBER THE WEEK'S LETTER: My problem Is with my parents. They are so strict on me! I am fourteen and in the ninth grade. My parents won't let me get phone calls from boys until I am fifteen. Everytime a boy asks me for my phone number, I don't know what to tell them. Boys can't come to my home until I am sixteen. They won't even let me go to a dance. I've tried to get my mother to trust me, but she won't. I don't know what to do. So will you please give me your assistance." OUR REPLY: All we can give you is what we consider good advice. It's very simple. Consider yourself lucky. Your parents have told you that you will be able to get phone calls from boys when you are fifteen. They have WASHINGTON Merry-Go-Round FT told you that boys may call on you when you are sixteen. There are many girls who are 'sixteen whose parents still don't allow them to have phone calls. This is ndt to say that this writer agrees that a girl should not at least be allowed phone calls at fifteen; the truth is that some girls have this problem. Play the game the way your parents suggest. Be patient. Simply tell the boys that your parents don't allow you to take phone calls from boys — yet. You may not think so, but giving them this word won't hurt your popularity a single bit. * * * If you hovt a totonog* problvm you won! to diiculi or on obltrvation to molt*, addrttt your Itttir to FOR AND ABOUT TKNAOMS. COMMUNITY A NO SUBURBAN PRESS SERVICE. FRANKFORT. KY. WASHINGTON - The dollar/ gold crisis now rocking the world is extremely complex, but there are a few key facts which are clear and easy to understand. First, the world's supply of gold is limited. The central banks and governments of the free world all together hold only $43 billion worth, of which $11.4 billion was owned by the U. S. government before the buying rush started recently. Nobody knows how much is held in the communist world, or how much is in the hands of speculators, hoarders, and in the form of jewelry. And nobody knows how much gold has been mined in the past 5,000 years, or how much of that amount remains. Second, world gold production is limited. As a metallic element, gold is 'present„almost everywhere but in the air. -Sea-water holds tremendous quan- READER COMMENT MANY THANKS The following letter was written by members of the Algona High School basketball team and sent to news media in the area: March 10, 1968 Dear ALGONA: We, the 1968 Algona High School Basketball Team would like to thank all of those people who helped to make this a successful season. We'd like to thank the entire towns of Algona and Whittemore for their support and especially those people and businesses which sent us the many telegrams before the game with Storm Lake. Our deepest thanks to those loyal fans who backed us throughout our season and to the Garrigan student body and fans for their encouragement and backing after the game with Garrigan. You were all really great. We feel that our cheerleaders deserve a great deal of credit and thanks. They did a terrific job of raising our school spirit and leading the crowds in cheers. Then, of course, there are our managers. Mike Dreyer and Tom Parsons do not receive-a lot of publicity for the wonderful work they do. They put in many long hours of work plus having to take an awful lot of ribbing from the players. Last, but far from least is our fine coaching staff, We're sure that the coaches were the first to realize that our team was not overly endowed with great basketball talent. But Coach Howie Stephenson and the other coaches never gave up on us. If we learned anything this year, it was these two things: 1. To play good defense, and 2. To really hustle at all times. If you can compare basketball to a game of life, then Coach Stephenson brought us a long way down the path of life. We'd like once again to give our thanks to one of the finest coaching staffs in the state and to all the rest of you. Without any of you, we probably would have won even less than 50% of our games. THANKS! I I Sincerely, THE 1968 ALGONA HIGH BASKET BALL TEAM titles just as it holds other elements, but the costs of extracting it from seawater and many other sources are prohibitive. Known gold production in 19 66, for example, was valued at $1.445 billion. If all the gold that is mined each year went into money stocks, that might be enough, but it doesn't. As an example, the jewelry and art industries in the United States used $131 million worth of gold in 1966; industry used $66 million worth; dentists, $15 million worth - a total of $212 million worth of gold "consumed." There are no figures on how much went for similar purposes in other nations, but the rest of the world might have used that much and more. None ..of t the ,new .gold..mined, in'1966 added to'' the .world*s.!! money stocks; they actually declined by $45 million in that year. So whatever balance remained just disappeared: that is, went into the hands of hoarders and speculators. Few nations produce any sizable quantity of gold. Russia is one of them, but nobody knows just how much Russia does produce. South Africa is another; it mines most of the free world* s total. Canada and the United States are the other main gold- mining countries but their combined .production in 1966 was valued at only $177 million. - o - - NOT ENOUGH GOLD - These are the basic reasons behind the gold crisis: there is not enough gold in the world to meet all the demands upon it for use as money, in industry, in dentistry, in jewelry. And there is no reason to believe that there ever will be. Devaluing the dollar — even if that is done-therefore, wouldnot cure the basic gold problem. It would only change its value in relation to gold and, except during an inevitable period of turmoil that would accompany devaluation, would have little long-term effect on the purchasing power of the dollar, for several reasons. The first of these is that any currency is valued by what it will buy, not an arbitrary standard in terms of a single commodity, whether that be gold, copper or wheat. The second is that every other currency in the free world is based upon the U. S. dollar, and any change In the dollar inevitably would be accompanied by equivalent change sin virtually all those other currencies, In other words, the British pound now is valued at $2.40 in U. S. money; it probably would still be valued at that amount if the gold standard were changed from $35 an ounce. The U. S, balance of payments deficit, of course, has contributed to the current crisis. Tourist spending, business investment abroad, foreign aid, the war in Vietnam, are all a part of this picture. But this net outflow of U. S. dollars is not the villain of the piece it is made out to be. If it were not for this outflow, many foreign governments and many foreign businesses would collapse - which is why most foreign central banks and governments always rally so strongly behind the defense of the dollar. U. S. business Investment abroad, for example, means that there will be a backflow of earn- ings which eventually will compensate for the capital investment. U. S. tourist dollars,U.S. foreign aid help foreign nations buy American products. Much of the money spent in Vietnam, or in any war, is wasted because it does not produce economic benefits. The current dollar/gold crisis, therefore, is exactly like that of a bank which has invested or loaned so much of its deposits that it cannot meet a sudden demand by its depositors for cash. The bank - if it can stall for time can raise the cash. It can foreclose on mortgages, demand quick payment of loans. It may not want to do this, because such actions would create a frenzy in its local community. But it can do It if forced to. - o - - NO EASY ANSWER - The United States is in exactly that position. It could demand repayment of all loans made abroad; it could halt all business investment abroad, all tourist travel, put an embargo on imports, cut off all foreign aid, bring home all our military forces, eliminate all spending of U. S. dollars abroad. But this obviously would create world-wide chaos, and President Johnson is not about to take such steps. Most foreign governments and foreign banks fully recognize all the above; they know the United States is the "community bank" ' of the world, and that the current squeeze is temporary though it may take some years to overcome. They also know that something other than gold must be found for use as a basis for settling international debts, which is why they have been working with the United States in the International Monetary Fund for several years trying to reach agreement .on such a substitute. If the current crisis does nothing else, it may force them to reach that agreement. If the United States should finally be driven to devalue the dollar, the primary beneficiaries would be the Soviet Union, South Africa, and, of course, the gold hoarders. And since we hardly would pick any of those as our favorite people, this by itself is another strong argument against devaluation. Some experts have argued that if the free world actually would agree to cease basing money values on gold, the price of gold would drop sharply. Flooding the "free" gold market with the $43 billion worth now held by banks and governments would knock the props from under speculators, for example, and panic of the speculators might be the greatest the world has ever seen. Another solution that has been suggested is for other nations to make it unlawful for private citizens to buy or sell gold, as in the United States. The world's supply would then be restricted to legitimate uses. But all the solutions that have been suggested come up against the hard fact that throughout recorded history gold has been treasured — partly because the supply is so limited, partly because it has so many values as a metal. Thus any "solution" that will alter its traditional role in man's quest for riches will have to be radical indeed. - o - TOLD BOBBY NOT TO- Two of Bobby Kennedy's good friends, his brother Teddy and JFK's close adviser, Ted Sorenson, both advised him against trying to do the unprecedented by denying an incumbent President the right to run for re-election. Never before has either party refused to let a President occupying the White House the right to run again, as Bobby now proposes to do with LBJ. However, two factors appeared to be more persuasive with Bobby than Sorenson or brother Ted. One was the advice of younger members of his staff; second, the belief that he might not get another crack at the Presidency. If Johnson were defeated by the Republicans - and the New Hampshire result convinced Bobby that he would be- then it would probably be another eight, possibly twelve or even sixteen years, before a Democrat would have another real chance. What Bobby and youthful friends apparently discussed was the possibility that a battle between him, Gene McCarthy, and the President would so embitter the Democratic party that the only winner would be Richard Nixon. If the Kennedy millions, backed by such party bosses as California Speaker Jess Unruh, sue* ceed in crushing the poorly financed, youth-sponsored peace campaign of Sen. Gene McCarthy, the anti-Kennedy resentment wUl become intense. Alreadyifsbit- ter on the part of the youngsters who marched, rang door bells, and licked stamps to put McCarthy across in New Hampshire. - THE KENNEDY CROWN Does Bobby, they ask, feel that wearing the Kennedy crown gives him the right to cash in on the fruits of victory of another man? There are also some political skeletons in the Kennedy closet which Johnson supporters may rattle when the name-calling starts. One of them is the fact that Johnson relied entirely on Kennedy Cabinet members in carrying out policy in Vietnam. It was Dean Rusk, Secretary of State, Inherited from the Kennedy dynasty; Robert McNamara, Secretary of Defense, inherited from Kennedy; and advisers McGeorge Bundy and Walt Rostow, also Kennedy holdovers, who guided and formulated the Johnson war policy in Vietnam. Another skeleton is the fact that it was the late President Kennedy who definitely got the United States committed in Vietnam in September, 1961, and who, as a Senator, made speeches urging that the United States actively fight in Vietnam. Prior to September, 1961, the United States had kept only 1,000 troops in South Vietnam, ostensibly as "military advisers." Kennedy, stung over his Bay of Pigs fiasco in Cuba and his unsuccessful meeting with Premier Khrushchev in Vienna, and wanting to recoup his prestige, decided to send 18,000 American troops into South Vietnam. This was the beginning of the worst diplomatic and military blunder we have made in this century. We have been getting in deeper ever since. - o - -CAPITAL CHAFF - George Wallace is trying to induce EzraTaft Benson, Secretary of Agriculture under Eisenhower, whose son is a top JohnBirchite, to be his running mate in Wallace's third party race for the Presidency. . . .House Ways and Means Chairman Wilbur Mills has promised early consideration - probably within the next month — of a bill offered by Congressman Lester Wolff of New York, calling upon the United States to require France to begin paying up its World War I debt. The 50-year-old debt now amounts to close to $7 billion. Chairman Mills strongly favors the Wolff bill, as do more than 160 House members, because of DeGaulle's anti-U. S. conduct and his attempt to undermine the American dollar. . . .Pat Jennings, clerk of the House of Representatives, is under fire from House members because of his Napoleonic tactics and the way he has been pushing around patronage employees in Congress. Jennings recently held a "loyalty" meeting of underlings in which he threatened to flre anyone who talked against him. He also conducts a so-called "leper colony" in a subterranean dungeon of the Longworth building, where several employees, due to be fired at the end of this session of Congress, sort old books and records. Jennings has even forbidden a telephone to be installed in the "leper colony" for personal calls. James Buchanan was the only Thursday, March 21. 1968 Algona (la.) Upper DM Moid**—3 life-long bachelor to be pres- — — ident. ^•••••••••••••••••gitiiiilitii lf>ata ' BtltaiaflittMaMl i tMttttttattM|l||| . PORTLAND By Mrs. Victor Fitch Mr. and Mrs. Richard Grosser and Randy of West Bend and Or rin Halgerim of Eagle Grove were Sunday guests in the Victor Fitch home. Mr. and Mrs. Bernard Meister were Wednesday evening guests in the Dennis Meister home for cake and ice cream in honor of Dennis 1 birthday. "The best things in life indeed are free, but most of them can't be enjoyed unless you buy a license." Send $1 today for our ALL NEW DESIGN COLLECTION 46 ALL NEW MODELS ALL NEW FLOOR PLANS ALL NEW STYLES ALL NEW INTERIORS CAMARO This is without question the most beautiful and the most magnificent home planning catalog of any company in the country. For your copy of this all- color book of hundreds of home building ideas — send $1 to U.S. HOMES, 5390 2nd Ave., Des Moines, la., or call your local Home Consultant: RONALD TAYLOR 1001 N. Minn. Algona, la. Phone 295-2217 (5-55EOW) CARGILL 444 "DRIES DOWN FAST" Said Joe Zohbon of Whittemore, Iowa Comparing varieties in his fields, Zohbon found these results: Variety No. 2 Corn Cargill 444 121.4 Bu. DeKalb XL 45 124.5 Bu. Pioneer 3715 115.8 Bu. NK. PX 52 110.6Bu. Pioneer 3567 109.2 Bu. Moisture 18.7% 21.2% 21.8% 19.6% 21.4% Cargill 444 Three-Way Cross delivers the same high yields as single cross corn. It is designed for today's modern farmer who looks for a variety that will YIELD LIKE LATE CORN DRY LIKE EARLY CORN Order Cargill 444 from your Cargill dealer today. Carroll Potter Roger Frink Wayne Dunn | rw in Elbert Cecil Long Roger Buffington Cargill Elevator, Algona FOR SALE AT PUBLIC AUCTION FRIDAY, MARCH 22-6 P.M. Older 2-story, 4-bedroom home with full bath upstairs, !/2-bath in the basement; full basement; gas heat/ all hardwood floors; new aluminum combination windows; built-in kitchen cupboards; screened- in front porch and glass-enclosed back porch; 82 ft. x 132 ft. over-sized lot. Open for inspection any day after 5s30 p.m. at 702 South Thorington St., Algona, Iowa. TERMS; 10 percent down day of sale, balance due when deal completed and abstract is brought up*tg*date, Seller will pay 1967 taxes due in 1968, ROMAN EISENBACHER Raymond Spencer and Ronald Peck, Auctioneers Tht Security $tal» Bank, Clerk 21» all- For every-day convenience for every-day use- for every-day laundry ease... you need an electric laundry Remember, for better living, you can't beat electric living! Algona Municipal Utilities STRONG CHURCHES . . Ami Limn <J J "It is more blessed to give than to receive. " — Acts 20:35 Money is not the greatest gift of all. There are many kinds of "giving". It is possible to give hope to the hopeless. A show of courage may lift someone else from the depths of defeat and despair. A good work may bring happiness to the downtrodden. There are many human problems that money cannot solve. Money will not erase prejudice. One who achieves riches through trickery and thievery may continue to be a cheat and a thief. The Christian receives many opportunities to give. Recognize the opportunities that are yours and take advantage of them. You will learn why giving is such a blessed thing. Theie Special Weekly Church Messages brought to you by the following PUBLIC-SPIRITED BUSINESSES; VAN'S CAFE Junction 18 and 169 ESSER DRY CLEANERS FREE Pick-up and Delivery Phone 295-2827 — Algona, Iowa KELEHER & McADAMS CLOTHING Clothing for Men and Boys POST MOVING and STORAGE Local & Long Distance Phone 295-2275 — Algona, Iowa PIONEER HI-BRED CORN CO. Herb Hedlund, Production Manager Perry Collins, Experimental Mgr. METRONICS, INC, O. B. Harmes "Super Speed" Tools SWANSON'S - ALGONA "Where Shopping Is A Pleasure" COLONIAL MOTEL Junction 19 gnd 169 SHILTS BROWNBILT SHOE STORE "The Shoe Store That Takes Care of Your Feat" Telephone 295-5371 — Algona, Iowa BENNIE B. WIBBEN, Bldg. Contractor 122 S. Heckart St. - Algona, Iowa KLEIN'S FARM SUPPLY Wayne Feeds — We Buy Eggs and Poultry 216 West State Street, 295-5206 ERNIE WILLIAMS John Deere Farm Equipment Highway 18 East - Tel. 295-3561 ALGONA VAULT SERVICE Algona, Iowa JOE BRADLEY EQUIPMENT Oliver - GMC Truck* - Gehl Firestone Tires — Stanhoist KOSSUTH MUTUAL INS. ASSN, Your Friend — Before and After the Fire ALGONA IMPLEMENT CO, Your Friendly IH Dealer - 295-35Q1 IH Tractors — Truck* — Farm Equipment

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