Waukesha Daily Freeman from Waukesha, Wisconsin • Page 7

Nixon Men Will Review 1C Grant WASHINGTON (AP) The Nixon administration is holding up a $25 million grant for the Illinois Central Railroad, approved shortly before Secretary of Transportation Alan S. Boyd left office to become the president. successor, John A. Volpe, is delaying the final decision on the federal money while making a complete review of the dispute. Boyd, on vacation in the South Pacific before taking over the railroad job, promised full cooperation with the inquiry.

The Transp ortation Department announced the $25.2 million grant last month to enable the Illinois Central to acquire 130 modern commuter cars for its suburban service. A Transportation Department spokesman said today, has asked for a detailed report on all circumstances surrounding approval of the Although the grant was announced Dec. 30, the formal contract funneling the money into the IC commuter equipment has not been signed yet. Boyd, in a statement issued through the department while on vacation en route to Tahiti, said he had asked Volpe for the review. The former Cabinet member said he was confident the new officials of the Transportation Department will reach the same decision made previously for approval of the grant.

Boyd said, have advised Secretary Volpe and members of Congress of my itinerary and have told them I will make myself immediately available to them if they feel my presence is needed during their Will Discuss Drugs, Protests ELM GROVE Three college students and an editorial writer will discuss college protests and drugs at a church here Sunday. The Community United Methodist church, 14700 Watertown Plank will sponsor the panel discussion at the fellowship hall of the church at 7 p.m. The program is sponsored Discussion will include what some college protesters hope to gain and why they demonstrate against the war in Vietnam. It will also include drug use. Mrs.

Neff Cose Delayed by Illness, Check A hearing in the suit of Mrs. Alyce Neff, suspended municipal justice of Muskego, was not held Monday because of the illness of the attorney. Even if Atty. John Buckley had not been sick, the hearing would not have been held unless Mrs. Neff had brought along $15 to the hearing for the filing fee: The checks she sent to Harry Miller, clerk of circuit court, was returned marked Mrs Neff has asked that the city of Muskego show cause in front of Circuit Judge William Gramling why they sould be not be restrained from further action against her.

She was suspended by the city council as justice in December because the city claimed she had not been a resident for six months. Mrs. Neff denies the claim. No date for the another hearing has yet been set. Warren Report Out in Shaw Case NEW ORLEANS (AP) A reversal put questions about the Warren Report off limits today in the quest for jurors in Clay trial.

Of the eight Criminal District Court jurors seated, seven first had to pass a Warren Report test. Now no more prospects may be asked: you believe the Warren conclusion that no conspiracy existed in the assassination of President John you believe Lee Harvey Oswald was part of a Shaw, 55, a retired New Orleans businessman, was charged by Dist. Atty. Jim Garrison with Oswald and murder President Kennedy. Sizing up a potential juror is often a matter of intuition for a trial lawyer but a key question may provide a clue.

Asst. Dist. Atty. James L. Alcock and chief defense lawyer F.

Irvin Dymond gauged replies to the Warren Report test intently. Plainly, both felt the test indicated how a sentiments might lean. The only acceptable answer was Don't fie Beehive, Pope Warns Rome VATICAN CITY (AP) Pope Paul VI warns against allowing Rome to become just another beehive city. The Pontiff told Mayor Rinaldo Santini in a private audience that they shared love for his magnificent city, old and modem, national and universal. temporal and Retail Business Rose 35 Per Cent Here in 4 Years Mukwonago Bank Reports Assets Rose by Million MUKWONAGO The Citizens Bank of Mukwonago added two new board members and reported an increase of almost $1 million in assets at its annual meeting recently.

Bank Pres. J. Leo Mitten said Monday that the bank had assets of $12,177,932.10 as of December, 1968. Mitten listed two new board members for 1969, which increases the number of directors to nine. Glen E.

Donaldson became a bank vice-president during 1968 and Dr. George Kelm, Muskego, also attended his first annual meeting as a member of the board in January. Mitten retained his position as president of the bank, and vice-presidents W. E. Hansen and L.

J. Swan also retained their positions. G. H. Petzlaff, Big Bend branch manager and assistant cashier, and Mrs.

Lois Martin, cashier, also retained their positions. Mitten noted that the $1 million increase in assets represents a steady and that banks have gained each Just how much the Waukesha County economy has grown since the beginning of 1964 is brought out vividly in figures released by the Standard Rate and Data Service. They show a 35.1 per cent rise in retail activity locally in the subsequent four-year period. The gain was made despite consumer feelings over the war in Vietnam and despite domestic problems and higher taxes. The amount of business done by retail stores in the local area rose from $198,780,000 to $268,889,000 in the four years, the survey shows.

Part of the rise was due, however, to inflation. The 35.1 per cent rise was relatively high. It compares favorably with the gains made at the retail level generally in the United States, an average of 20.6 per cent. In the East North Central States, the increase was 22.5 per cent. The bulk of this consumer demand for apparel, food, cars, drugs, furniture and plied through some 909 retail other merchandise was sup- outlets in the local area.

The number of people employed in these stores, 7,971, and the size of their payrolls have kept pace with the expansion in business. Their payrolls, in the four- year period, climbed from $21,168,000 a year $26,360,000, according to the U.S. Department of Commerce. The gains chalked up by retail stores in Waukesha County and elsewhere are attributed to several factors, all related to consumer optimism, confidence and a feeling of basic security. Fundamental to it all was the marked increase in real earnings even after Federal taxes, price rises and the larger deduction for social security.

Family income, locally, has been on an upward curve, despite periodic dips, during the four years. The confidence was based upon steady jobs, the continuing boom in business and built-in protection, covering illness, disability and retirement, through social security and other pension funds. And, according to a forecast by economists connected with the National Industrial Conference Board, the American economy will continue its solid advance this year, but at a orderly than in 1968. NATIONAL SAVINGS LOAN ASSOCIATION Our 81st Annual Statement of Condition At the Close of Business December 31,1968 ASSETS Mortgage Loans $75,114,714.99 Savings Account Loans 39,666.56 Land Contracts 302,675.83 Mortgages in Judgments 294,082.13 Reel Estate Owned 126,508.07 Home Improvement Loans 174,240.19 Federal Home Loan Bank Stock 650,000.00 U. S.

Government Securities 4,670,370.45 Furniture and Fixtures 115,009.38 Prepayment to FSLIC Secondary Reserve 754,141.43 Other Assets 17,939.89 Cash on Hand and in Banks 1,160,075.11 Office Building 712,285.97 Total Assets $84,131,710.00 LIABILITIES Savings Accounts $71,928,248.30 Loans in Process 2,558,361.08 Prepayment for Taxes 1,691,878.77 Notes Payable 1,600,000.00 Other Liabilities 269,485.02 RESERVES: Legal Reserve 5,605,631.17 Unallocated Reserve 390,937.04 Other Reserves 87,168.62 Total Liabilities $84,131,710.00 OFFICERS ALOIS E. FONS President WALTER WASZAK Vice-President LOUIS F. FONS, JR. Secretory ond Treasurer ALOIS E. FONS, JR.

Asst. Secretory ond Asst. Treasurer PAUL H. FONS Wmi Berlin Office Manager JOSEPH M. FONS Asst.

Manager NATIONAL SAVINGS LOAN ASSOCIATION 15155 West Notional Avenue New Berlin, Wisconsin 51151 Phene: 786-6120 829 W. Mitchell Street Milwaukee, Wisconsin 58204 645-9200 The number of savers we've added since our last statement is proof that plenty of people have been watching our growth. And our statement this year is one we're happy to have you see. It shows a year of solid growth and record dividends for our savings members. We think you'll like what it shows.

Start saving with us now for big dividends on your insured savings investments. 46fh Annual Statement for Year Ending Dec. ASSETS Mortgage Loans 14,474,204.62 Real Estate sold on 9,726.41 Savings Account Loans 26,899.07 Judgment 17,197.17 Federal Home Loan Bank II 5,000.00 U.S. Government 249,609.38 Furniture, Fixtures tr 5,237.30 Office Building 109,202.63 Secondary Reserve of 169,894.33 Other Assets 7,164.36 Cash on Hand and in Banks 815,898.43 16,000,033.70 LIABILITIES Members Savings 14,184,592.48 Loans in Process 277,200.85 Borrowers Escrow 214,363.76 Reserve for Corporation Taxes 24,700.00 Deferred Credits 60,000.00 Other Liabilities 37,112.97 Specific 4,186.82 Legal Reserves 55,949.09 Federal Insurance 730,200.00 Undivided Profits 411,727.73 16,000,033.70 DIRECTORS OFFICERS H.F. Zillmer H.

F. Zillmer, Chairman of Board Scott Lowry C. M. Ihrig, President Jerry T. Atkinson E.

W. Hardy, Vice-President C.M. Ihrig Robert F. Adams, Secretary Treasurer Robert D. Steele Louise Zick, Assistant Secretary Treasurer E.W.

Hardy Marion Owenson, Assistant Secretary Treasurer L.D. Harkrider Highest Allowable Earnings Rate Daily Dividends, Compounded Quarterly We paid 1968 dividends in excess of $657,000. Did you share in them? cM INDUSTRIAL SAVINGS LOAN ASSN. 127 West Broadway Waukesha Waukesha's Own Island for Savings and Home Loans SAVflftGS i LOIR WiAcontunb Qitet SiUtied Year Ending December 31, 1968 ASSETS Mortgage Loans 17,994,781.89 Real Estate Sold on Contract 83,961.66 Real Estate 14,283.86 Savings Account 816.96 Federal Home Loan Bank Stock 150,900.00 U.S. Government 1,718,960.37 Cash on Hand and in 180,606.99 Office Building, less Depreciation 115,586.27 Furniture, Fixtures and Leasehold Improvements 62,551.45 Prepayment to Secondary Reserve of FSLIC 195,601.49 Deferred Charges and Other Assets 20,330.90 TOTAL ASSETS $20,538,381.84 LIABILITIES Savings and Investment Accounts $18,111,649.60 Loans in 431,952.25 Advance Payments by Borrowers for Taxes and 458,998.36 Borrowed 300,000.00 Other Liabilities 43,788.34 Deferred Credits 27,382.62 Specific 8,922.91 General Reserves and Surplus 1,155,687.76 TOTAL LIABILITIES $20,538,381.84 OFFICERS John W.

Cleary, President Vernon Erbstoeszer, Vice President Terrence P. Cleary, Secretory Doris Gresk, reosurer Robert A. Cad well, Branch Manager DIRECTORS John W. Cleary Terrence P. Cleary Dale B.

Downing Vernon Erbstoeszer Edward Kieckbusch Floyd L. Motz Paul J. Mundie Ambrose T. Newman Harold P. Van Buren tsweai Hartland Office: 210 East Capitol Drive Phone: 367-2106 Milwaukee Office: 7901 West Burleigh Street Phone: 873-5555 Waukesha Freeman Tuesday, January 28, 1968 Poga 7.