Wilmington News-Journal from Wilmington, Ohio (2024)

October 22, 1962

Publication:

Wilmington News-Journali

Location:

Wilmington, Ohio

Issue Date:

Monday, October 22, 1962

Page:

4

Extracted Article Text (OCR)

4 Wilmington Ohio Newt Journal Monday October Ji 1M2 No 19370 JEALOUS IN DETROIT The Business Beat by Sam Dawson Delicate Balance of Credit Policy When The Call Is or A DRY Phone 382 2261 Radio TV 1962 Oil makes it easy Inside You arid Yours by BurtoftH ern M'D No 19399 JE Ju i il DEAR ABBY: I enjoy reading your column because you get right to the point and seem to hit the nail on the head without wasting any words Keep up the snappy your face and your figure me drool However do you boat's gasoline supply was ex hausted at 1:30 Saturday on' your mind? or a personal reply send a self addres sed stamped envelope' to Abby Box 3365 Beverly Hills Calif hilosophical question A neutral East Berlin scholar buried in his work was cL awn into an anti Communist plot against hall who saya on Abby have serious problems! ADULT READER en to let the banks have more money to lend by lowering the amount they must keep on re serve to back their time and sav ings deposits reserve on the biggest bank demand depos its changed The result is to release some $767 million on which banks could pyramid up to $46 billion iL loans business wants to borrow that much In other qu tumns when the demand for loans was more pressing than now the ed has expanded the available funds by considerably more than that The legal minimum on time andsaving deposit reserves is 3 per cent The new rate is 4 per cent down from 5 per cent Many bankers hold that legal reserves on these forms of deposits should be eliminated altogether So the ed is using a method that is popular with the bankers and one that has been under on sideratibn for some time But'the board probably had its eye as much on the international situation and the US current problems as on pleasing the banks Buying up short term govern securities to give bdnks the extra funds they normally need in the fall has another one the Treasury is eager just now to avoid It sends the yield on these securities down And investors are tempted to turn to European money markets where returns are much higher This outflow of dollars would in crease the deficit in the balance of payments a deficit that the administration has been striving mightily to pare It was this excess of the outflow of dol lars over inflow over the' last five years that led to the loss of more than $6 billion in gold The other method of supplying banks with lendable funds lower ing the discount also could have much the same undesire dre suit since most short term interest rates would turn down if the dis count rate did The money managers have been pursuing a policy of keeping short term interest rates high enough to discourage the flight of the dollar to other lands At the same time they have tried to keep the supply of credit easy enough to encour age the economy to grow It has been a delicate balancing but made easier in recent months be cause borrowing demands have been modest Making more funds available to the banks now is aimed at caring' for the usual season trade de mands without affecting interest rates much But as to being a spur to the another matter Bankers will appreciate the extra leeway in their reserves and hope the demand for sound and profit able loans will come along ANGERED SENATOR REUSES TO Embarrased and angry Sen Jacob Javits brushes his hair after refusing to deliver a speech in Schenectady because newsmen were barred He was to have delivered a prepared speech before the local Bar Association which said newsmen were barred because it did not want to get involved in the current political campaign search for causes The causes are not hard to find with out resort to reud Jung and Adler and their successors They lie almost solely in the lack of discipline in the home and parental indifference When parents do not apply the correctives of good disci pline and teachers are forbidden to do so anarchy' is the result said an American execu tive addressing a meeting on this suh iect the other day "we ought by now to know as tnucn as chickens ducks and cery shelves a monkeys there is no learning with Or the ed can cut the discount what it charges member out discipline hnrrnw frnm Thll a bank has a customer who wants a business 4oan it can get the money from the ed and lend it out at a profit to itself Either way increased business activity is accommodated in the faU i This time the ederal Reserve for reasons that involve world conditions as well as domes NEW YORK Is the ed eral Reserve Board nudging a sluggish economy or just minding i the store? Many in Wall Street incline to the latter view of the cautious move to expand credit Some even question whether changes in credit policy and mon ey rates would influence business activity right now the way they did a few years back One of the duties each fall is to see that the banks have enough lendable funds to meet the seasonal increase in demand from business borrowers Usually the reserve banks do this by buying short term govern ment securities from the commer cial banks This gives banks cash they can lend to those who want to borrow to stock up for the holi day trade or to meet in industrial pickup or to finance the journey of crops from the farms through processing plants to gro 1 by Abigail Van Buren By CYNTHIA LOWRY AP Television Radio Writer NEW YORK In spite of numerous attempts television has not yet found a way to put on a satisfactory fashion show' or an entertaining automobile 'show It is probably because the clothes and the cars bore viewers who want entertainment and the en tertainment annoys the clothes or car lovers There were moments Sunday night during NBC camera tour of the National Automobile Show in Detroit when such experienced men as Chet Huntley and Hugh Downs sounded like those card iireading commentators at fashion show luncheons rattling off details about the next dress coming up The comedy by hand puppets and some music seemed like frantic afterthoughts It was really a show for bile enthusiasts Jack Webb wSs busily sabotag ing Nazis in occupied Norway Sunday night on an exciting tale based on a real life com mando mission Then with a flip of the dial one found' 'an NBC drama in which the enemies were the Communists of Red dominat ed Germany today The lattei story ih spite of its East Berlin setting Was only in cidentally a tale of escape Pri marily it posed an interesting Napoleon Paper Breaks 80 Year GOP Policy COLUMBUS (AP) The Northwest Signal a daily news paper in Napoleon broke an 80 year precedent and has endorsed Gov Michael DiSalle for re 1 i a DiSalle campaign spokesman announced supporting DiSalle the Signal said he is of the few gov ernors of this state in recent his tory that forgotten that Northwest Ohio is still part of the ture taken for your column You said you were 44 but your looked like 25 You have a wrink le on made do it? Publicity Seekers Some people so much enjoy getting 'public recognition that they will go to al most any lengths to bring attention to themselves Some to crimps they did not commit others actually do crimes for sake" and others make fiery speeches about matters they know nothing about But these are the major league crackpots people who are sick in the head There are minor league puhlidity seekers too people who pretend to be important or who go out of their way to trumpet loud and long news of any of 7 DEAR ABBY: I wish you would DEAR ABBY: I suppose it is quit printing all those stupid let only natural but I notice you al ters from teen agers Who cares ways take the part about an idiotic 14 year old Please be a little more fair mind madly love with her science teacher? Or when a girl meets a boy in the first? Come some really his will Was he wrong to betray the underground to his Red bene factors? (After being tortured he decided he was) A sympathetic performance by Burt Brinkerhoff as the betrayer actually made his a sympathetic character The show however was slow mbving and ponderous Recommended tonight: Tele phone Hour NBC 10 musical variety hour with Robert Goulet and Cyril Ritchard as guest per lormers You Can Always Depend On Those High Qualify leetwing Products Over one hundred years of oil progress has made home heating a cinch Today with no effort on your part you get efficient economical oil delivered right to your home This is just one of the many ways in which first cen tury has made life easier and better lor you proud to be a part of this wonderful progress And we join with 'the rest of 1 men and women in promising the best is yet to come! feathervane Dry Cleaning nsr locust st i mthimm muunswi nunne Vfttxiv Allies Cool on Cuba Many Americans find it difficult to understand why allies of the United i States in many other anti communist de terminations find it i cult' to? back move for shipping embargoes against Cuba Some members of NATO led by West Germany have reluctantly agreed to discourage shipping by merchantmen flying their flags which could provide ec 1 onomic sustenance to the Castro regime Most of this discouragement will consist of advisories and warnings to shippers "of possible consequences instead of out right bans Other allies led by Britain en the position that both legal and moral restraints make it impossible for them to interfere with any ocean commerce not involving military goods Washington is showing obvious embarrassment at the hesitancy of its allies to back up what was considered no more than a nominal request Perhaps this is the very reason the MEN AT Campaigning on the Republican ticket Gov Nelson Rockefeller seeking reelectioon makes one of his rare ap pearances wearing a hat and Attorney General Louis Lefkowtiz al so seeking reelection gives his all in an address before a garment center crowd in New York City The governor is promising not to raise taxes if given another four years in the state capital SHERI'S SALE REAL ESTATE The State of Ohio Clinton County their accomplishments real or imagain ary a man for instance in Golds boro who happily displayed a string of 33 small mouth bass and said "I could have caught a hundred if I run out of Unfortunately he' en couraged a newspaper photographer to take a picture of the stirring scene After the picture appeared in the paper the man was arrested for posses sing more than the legal limit of eight small mouth bass and was fined $10 Maybe all the publicity was worth'the $10 It all depends on how one looks at things Have himrhold himself in until near bursting a Soon his bladder will stretch large enough to go all night without emptying Meanwhile po fluids after supper He should be thirsty after drinking so much all day Rouse him with a cold face wash a few hours after bedtime and help him to the bathroom As his bladder stretches wake him later and later Training stars work like trading stamps Paste a gold star on a chart in his room after every dry night By the time the full he will have earned a new and be fully trained Blame or shame will only dampen the confi dence he needs to gain control Reassure him Ex plain that many older children wet their beds And you or your spouse had the same trouble when you were his age Dr mailbox is wide open for letters from readers 'While he cannot undertake to an swer individual letters he wiji use ques ionsin his column whenever possible and when they are of general interest Address your letters Dear Abby Yeas Nays from Readers The Greater New York 'Saving Bank Plaintiff VS William Walker et al In pursuance of an Order pf Sale in the above entitled action I will offer for sale at public auction at the door of the Court House in Wilmington Ohio in the above named County on Thursday the 15th day of November 19B2 at 3:00 clock the foUowlng described real estate situate' in the County of Clinton City of Wilmington and State of Ohio and in the Township of Union to Being all of Lot No! 57 of Southridga Subdivision Section 3tand recorded Plat Book 5 page 284 of the Plat 'Rec ords of Clinton County Ohio Subject to easem*nt and restrictions of record 1 This property is known as 138 Mid way Drive Wilmington Ohio Being the same premises conveyed in Deed Book 173 page 612 of the Clinton County Ohio Deed Records Sad Premises Located at 138 Mid way Drive Wilmington Ohio Said Premises Appraised at 884000 and cannot be sold for less than two thirds of that amount TERMS SALE: Cash HAROLD HORMELL Sheriff Clinton County 'COHEN BARON DRUEL HOGAN By Stanley fi Stanford Attorney (MonlZNov) Nd Esoteric Causes We become those of us who are suf ficiently concerned about the rising gen eration troubled at times by juvenile de linquency There seems to be so much of it But a judge wisely pointed out recent a ly it is not delinquent acts in themselves which are the principal cause of anxiety but delinquency There is a difference Where is the adult who did notj in his boyhood steal a apples or break a window? In the case of the first there was the thrill of risk the chance of being caught and chased and perhaps a complaint at home And in the second the crash the tink This simple wisdom of the ages has ling glass the appearance of the angry face perhaps a demand for parental payment from a budget that did not in elude such luxuries as window breaking and an inevitable paddling Those were delinquent acts and they were sternly frowned upon by all adults parents in particular Delinquency is something else It is a constant compulsion to commit anti so social acts It is common today and many people pretend to be baffled by it and to All day Junior soaks up classsoom knowledge at night he soaks his sheets What should you do? irst? call your doctor and arrange for a thor ough checkup: including a urinalysis Diabetes kidney trouble bladder irritation can all cause bed wetting Did Junior dry up for a while and then start in again? Perhaps your new baby pushed him out of the limelight Bed wetting can show his need to be babied too Give him the folding and powderipg diapers and minding Baby while in the next room If Junior never stopped wetting his tiny blad der may still work automatically When stretched to a certain point it tightens and empties During the day be keeps rushing to the bathroom but at night he wake up in time His playmates have this trouble Their bladders were stretched years back 4 Help Junior stretch his bladder" him drinking all day punch anything to Dr ern in care of this newspaper DEAR ABBY: Teen agers read vour column too and we would like to have more letters from our is that? age group We interested in CURIOUS nosy neighbors pnfaithful hus bands and barking dogs Give us DEAR ABBY: Why you more teen letters! Thank you quit using that ridiculous highTEEN ANS school picture of yourself? Are vrzkts nAAnla airhat jvu aiiaiu jul pvv waasair you REALLY look like? You are probably an old beat up hag of 60 TULSA been discarded in these so called enlight 'ened days and instead we have ex which is merely a synonym for no discipline Affluence has made the muscles of discipline flabby We need search npfur ther for the causes of delinquency They are not to be found in the esoteric depths tic economic has chos of personality but in the lack of plain honest to goodness discipline and duty in the place where the child should get it its home DeEs Getting Up Nights MAKE YOU EEL OLD After 35 common Kidney or BUader ir rltatioiM often occur and may mate yoa tenM and narvoua from too passaces both day and nlabt you may loit slew and Headtchu Bickach and I1 old Mred depressed In such Irritation CYBTXX uaually brtnas last relax oomtort be curblna Irritating arms In tron cld urine and hr analaealo CY8TEX at druwlsta eel better xwt Garrtttl Uil Co leetwing Station 1 Mile West of Wilmington bh 3 Highway DEAR ABBY: I saw you on Art program and freshing in this "day and age when think time you had a new pic so many letters know when to quit lashback 25 Years OCTOBER 22 Mr and Mrs Corwin Hale entertained at dinner Saturday night in honor of Miss Jean Benham and Darrell rench whose marriage will take place Saturday afternoon at the Presby terian Church Mr and Mrs' Hale who'gave their party at the General Denver Hotel intended to include Miss bridesmaids Miss Mar jorie Ayedelot of Columbus Miss Ruthanna Me Coy and Mrs rank Hazard but Miss Ayede lot and Miss McCoy student at Miami Universi ty Oxford were unable to be present Guests in eluded with the hosts Miss Benham and Mr rench1 Dr and Mrs Hazard Miss Mary Eliza beth arquhar and Mr Ben Hannah Dr and Mrs Hale and Mr and Mrs A Cleaver returned Tuesday from a visit of several days in La Grange Ill' with Mr and i Mrs Mitchell Moon is receiving such a weak response Europe has regarded Castro all along as a threat to South America hut one' which TCan only be the United style Abby old girl IPs very re fwAeKfnrf in dav an4 aoa iirhon States Many of the countries of Europe are accustomed to the proximity of dom munism and can see no reason why the should be more excited over the turn of events in Cuba than in Berlin for instance The main deterrent to' greater soli darity in the free world on the question of Cuba probably is the state of impot ency the United States has slipped into by prohibiting armed intervention naval blockades or open encouragement ot Cu ban insurrection What Washington has told other coun tries of the free world in effect is that it does not intend to do anything decisive in its campaign against Castro but it would appreciate a little cooperation in annoying the Soviet supplied dictator This is not a very stirring battle cry around which to rally allies to In pursuance of an Order of Sala in the above entitled ectlon I will offer for Bale at public auction at the door of the Court House In Wilmington Ohio in the above named County on Thuraday the 15th day of November 1962 at 2:00 the following deacribed real estate situate in the County of Clinton City of Wilmington and State of Ohio and in the Townahlp of Union to wit: Being all of Lot No 185 of Southridge Subdivision Section 8 and recorded in Plat Book 6 page 3 or the Plat Records of Clinton County Ohio Subject to ease ments and restrictions of record Thistproperty is known as 60 Cambo Plart Wilmington Ohio Beingthe same premises conveyed in Deed Book 183 page 331 of the Clinton County Ohio Deed Records Said Premises Located at (0 Cambo Place Wilmington Ohio Said Premises Appraised at $670000and cannot be sold for less than two thirds of that amount TERMS SALE: Cash HAROLD HORMELL Sheriff Clinton County COHEN BARON DRUEL HOGAN By Stanley Stanford Attorney (Monl2Nov) DEAR ABBY: I know how you presume to answer with one sentence a problem so complica ted that a person should really go to a psychiatrist for maybe five years Who do you think you are anyway? Solomon? A READER 4 ishermen Saved rom Drifting Boat LORAIN Ohio (AP) our fishermen who drifted helplessly for 21 kours in a 14 foot boat on Lake Erie were resuced by the Coast Guard Sunday a Rescued were Herman Hegel 45 owner of the boat Robert Swanson 38 and Clarence Lareck 50 all of Upper Sandusky and Michael Ludwig 65 of Alliance They were stranded when the Wilmington Daily News Journal GALVIN Editor and Publisher (U15 W5S) Established 1838' consolidation of iha WtlmlngtoD Dally Nawa and the Journal Republican A Published a very afternoon except Sunday and holl day at the News Journal Building 47 61 South South eat Wilmington Ohio by Th Nawa Journel Company WAYNE GALVIN OM HUNTER Elltoe 1 NELLE MILLS Asat PubUeher ROSCOE STRATTON Advertising Director MRS ROBERT BICKER City Editor Entered tn the postoffle st Wilmington Ohio as Mcond claaa matter 1879 under act of March 3 1879 MEMBER THE ASSOCIATED PREM The Associated Press is entitled exclusively to the use for publication of ail local news printed in thia newapapar a well aa all AP nawa dlaoatche Ttlonhona z' Talophon Bualnass Otflce 2 3574 Editorial Dept 2 3575 1 American Newapapar Repreaentatlvea Inc 404 ifth Avenue New York 18 New York naUonal advertlalng rweaentatlve ATTENTION CARRIER 8UBBCMBERB ou lve mined by your regular carrier please telephone 3 3574 before 6 ed Abby! Sometimes the man is right and the woman Is wrong you know MALE READER DEAR ABBY: If I had a pro blem you would be the last per son I'd ask for help because you always stick up tor the man Why That Is Superior Yet Economical And Dependable Cait or SHERI'S SALE REAL ESTATE The state of Ohio Clinton County vThe West Side ederal Savings ana Loan Association Plaintiff vs Chart Jackson et al Defendant fwBSg! 4 SLm KiMiiiMi llili iiilis iii ta A 2 233 bJ 9 saaa Jr 1 nTTirn if am a 105 Home heating the hard way I I.

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Pages Available:

447,143

Years Available:

1879-2019