STRETCHING YOUR
DOLLARS
© by Philip J.GoUbavg
Chjlmin Institute for Financial Plant*** Inc.
I have always enjoyed (In- ad
<»f a certain Wall Street house
lhat pictures a spear-carrying
warrior in deepest Africa re
marking; lo a colleague. "Frank
ly I’m bullish!” Here is one
picture that tells more than a
thousand words alMiut the need
for pr. fessional guidance in
making inve stments.
Tin* chances are. |teop|c spend
rr.oro time pickin' out a suit of
dress than they do in consider
ini; an investment that may in
volve hundreds or even thou
sands of dollars. Too ofton it is
th<> tip and the rumor that Koads
a man into gambling his dollars.
Mutual funds are one way to
rid yourself of investment anx
ieties. partieutarly if you have
neither the time nor the inclina
tion to follow i »w* market as
closely as you should. They pro
vide professional handling of
your investment money.
Be Sure You Farm Has
Complete Protection
Even though you now have fire insurance. rising property
values and replacement costs may mean your coverage is not '
adequate. Check with us . . . soon.
THE ARTHUR HAY AGENCY
"ALL KIND!} OF INSURANCE"
PHONE 739-3659
The advantages an* many:
1. Plans are offered on an in
stallment liaais, which means you
it*gularlv put a little bit away at
a time.
2. Rv investing in installments,
you get the advantage of "Dol
lar Cost Averaging", which
m«*ans that at various times your
dollars will tuy more shares of
the fund than at others. When
your dollars purchase fewer
shares Iss-ause the price has gone
up. the shares you previously
bought at a lower price are worth
mote. Therefore, your cost is
averaged.
3. Mutual funds offer with- di
versification of investment. You
do not put all your eggs in one
basket. Even if one company in
which your fund owns stock is
down, at the same time another
one might be going up. So, agaijr.
you have a built-in hedge.
4. Among mutual funds there
is a wide variety of choice. There
are blue chip funds and pure
risk ventures; and there are a
whole range of funds in between.
Then* are funds which specialize
in particular industries, such as
life insurance or electronics; and
others that have holdings as di
verse as the entire American
economy. You can learn about
what any fund offers by reading
its prospectus. You can follow
the progress of your investment
daily since mutual fund listings
appear in the financial sections
of most newspapers.
While most mutual funds car
ry a charge for expense of up to
approximately eight per cen^
this may he a small investment
to make, fn addition to the pro
A|ticill«i«
ia
Actios
It doesn't lake a constitutional
lawyer to recognize that the rul
ing of the U.S. Supreme Court «>n
representation in state legisla
lures brings with It a better un
I demanding of "extremism".
Even the most seven- crttii-s of
the Supreme Court's decisions in
recent years would not expert
this august body to have gone as
far as it did in rewriting the Con
stitution.
By ruling that both houses of
' the state legislature must be on
a population basis, the Court has
said that the people in the state
have no right to decide how they
shall be represented In many
states the ruling also means that
ilit potential, your money is be
ing guarded by a team of invest
ment specialists, far better than
l the average person can afford
for himself.
Your mutual fond salesman
1 will illustrate to you the fine
, record of most mutual funds
l during the past years. Regardless
i of how pretty the picture is. there
1 Is stUI nothing that will guaran
I tee the future.
If you have anv questions on
how you can STRETCH YOl^
; DOLLARS more efficiently, solid
j them to me at the Institute lor
Financial Planning. Inc.. P. O.
1 Box 3176. Grand Central Station.
New York. N. Y. 10017.
Eggs, Cherries
To Be Featured
Southeastern meal planners
may look forward t > generous
supplies of eggs and canned and ;
frozen red tart cherries f.»|- use
in February family menus, re |
small town people and rural ivsi
dent* will have little voice in the
affairs of their state govern- j
menu.
To put is more bluntly, unless |
legislative steps an* taken to re
verse the Court's ruling, tnanv |
state legislatures will be eon- |
trolled by bin city political ma
chines. which will dictate when*
roads are to Lo built, how watei
is to he used, what land is to he
seized for recieational purposes,
and how state aid for schools is
to be distributed.
Under the Court ruling, states
are denied the time-tested and *
1 successful pattern of represent.-!
tion that exists in the U.S. Con
givss where represent at ion is on
an area basis in the Senate and
oil a population basis in the
Mouse of Representatives. If this
approach is right for Congress,
why is it wrong for state legisla
: hires?
Justice Harlan, representing
the minority opinion in the
j Court's 6 to 3 decision, gave the
best answer in his comment:
"The Court's elaboration of its
new 'constitutional' doctrine in
I dicates how far- and how un
i wisely —it has strayed from the
appropriate hounds of its au
1 thurify.”
ports the l !.S. Department of
Aurknilturr.
Other February plentiful*, as
listtsl by USD As Agricultural
Marketing Servo-e, arc broiler
fryers. apples, clued prunes, can
mil ripe olives, and dry pea.-.
According to US DA estimate*,
egg production in the United
Si lies totak'd more' tlian .">.1 bil
lion eggs during December. Tins
was two per cent more titan a
year earlier and three* penent a
hme i he five-year average. Pro
duel ion has continued high across
the nation since the beginning of
USDA estimates stocks of f» o/.
•*n cherries on Decemlwr 1 total
ed about l in million |>ound<
nearly double stocks ,,f a year
earlier. Tlte 1901 pack of canned
cherries totaled 3.0 million eases,
the largest pack since 19.'»2.
Apples are still l>e»ng marketed
from the large 1964 crop of 110
million bushels, providing gen
erous supplies of fresh apples for
use- in winter dessert* and other
treats.
lhoiler product i. n has !»con in
creasing m-sterately for the past
two years. I’SDA points out. and
is expected to register another
gam during 196a.
In t'ahfoinia. the dried pnine
crop totaled 170.'ton t.iti* Iasi
year, an increase ot 2S per eenl
cent above average.
Tin’ body sections of today's
automobiles are stamped out on
special dies east from a nickel
containing duetile iron. More
than 256.600 identical parts ean
be turned nut by each die* before
it needs repair or replacement
1905
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PHONE 739*5451
WEST MOUNTAIN ST.
Phone Ten Friendly Stezdrf
Hendon ^T*d Don Boxvett
Farmers Are Natural Gamblers
But Efforts Remeriaf Bisks
K.irrrw-i* art* natural gamblers.
They haw* to gambit* <»n the wta
tlaT. on markets, InsKts. dix
<*ases. H mhIs. heredity of tht*
*®cd they use and even the tem
perature of the day six month*
in advance.
From the time of the Stone
Age man until today farmers
have lH*t*n trying to eliminate* a."
much of the gambling in farm
ing as possible. This process of
eliminating the gambling has
been an expensive and time con
suming effort. It has involved
prophet* such a- .los«*ph; witches
and Munibo Jumb • tbs-tors al
manac specialists with predic
tions of frost dates in May tvised
on f<*f»s in February. It has also
involved the painstaking effort*
of some of the best scientists in
tl»e world and the good eommon
home sense of the dirt farmer.
All those efforts have helped
man to remove much of the
gambling in fainting. He has
learned h.*w to fertilize bvchem
ical analysis of his soil; he has
learned how to affe -t the market
price by collective!} controlling
plantings by allotment*. He has
learned how to select the father
for the calf of his favorite cow
anti improve upon her annual
Id.non jMHUid milk record bv ar
tificial insemination. The Amer
ican farmer has become tlie
most efficient farmer in the
vverUI. He has become of 1 »• lent
bv- .eamir.g to use the tiesi in
formation possible in eliminating
as much of the gambling in
farming as jsvssiblc.
To determine what kind d
gambling farmer you ar<‘ ask
yourself these questions: * 1» Do
I fertilize by soil test or by smell
of the soil? <2* Do I breed my
cows to the rest proven sire ar
tificially or to “that's a goal bull
I am using. I have gjt papers
with him”” <3( Do I plant adapt
ed hybrid seed or corn from the
crib? i-|i Do I plant by scientific
information or by the moon? <5>
Do I use information baited on
sound research or from the serv
ice expert fr >m Mud Creek*’ '6>
Do I study recommendations
from mv State College bulletins
or rcail seme advertisement from
"Rainbow («ul* It" and follow it?
i~, Do 1 us' the latest developed
recommended fungicides and in
secticides or lamp oil anti ashes
anti tun a copper wire through
the roots? isi Do I plant ac
cording to I’SDA predictions and
outlook information or what I
darn well please? '9, Do 1 call
a licensed veterinarian or try
the local s|»*cialist until it s tn>
late to save th<- animal0 ilO> Do
I consult with a sound farm
credit advisor when I need cred
it or go to the local community
land twiron who has notes anti
mortgages on 1(1 per cent -f the
community? till Do 1 use the
a. rteultural agencies available to
me or what I learned from grand
daddv and experience?
If you fall into the latter sec
tion ol most of these questions,
you will soon tie a statistic. “A
statistic—he was also once a
farmer." If vou can say "yes” to
THOMSON &
McKinnon
MARK KANE.
Manager
Athlene G. Smith
Registered
Representative
Members
New York and American
Stock Exchanges and
other leading Ex*
changes
110 Baugh Building
Charlotte. N. C.
IN KINGS MOUNTAIN
Dial 739-263!
for information on any
stock that interests
(No toT?*char*e)
the first section of the majority
of the questions, chances are
good—you will pay off the farm
mortgage, educate your children
and draw social s«“curity at home.
Dr. Kendall
In Heart Post
Dr Ben Kendall, of Shelby,
has acn'ptisl the post of Medical
Representative lor the Cleveland
Heart Association it was an*
nounoed today by Horace Carter,
president of the local heart
group.
"We are very pleased that Dr.
Kendall will represent the health
and rrwdi.-fi! professions in our
Heart Association leadership.”
'*«d Carter. ".Since lfM9. when
the North Carolina Heart Asso
ciation was founded byr thirty*
five physicians and six iaymtn at
.1 state medical society meeting,
physicians have worked closely
with the Heart t>p>gratn."
In accepting his volualecr post,
I>r. Kendall point'd out that
through the North Carolina and
American Heart Associations, hd
cun provide member* of local
health professions with research
r<*ports and other medie.il ma*
terials to assist in the diagnosis
and treatment of the cardiovas
cular diseases. Physicians can
also secure printed information
t.. give their heart patients.
"These b»N>klets.” Dr. Kendall
said, "deal in simple terms with
various heart and blood vessel
diseases ami are written to reas*
sure the patient and help him co*
|operate with this physician for
1 his own improvement.”
Dr. I?en Kendall is from Shel
by. He is married to Ruby Spratt
Kendal! front MoDowHI County.
They* have two hoys; James, a
student at Wofford College, and
William who lives in Concord.
Dr. Kendall is a member of the
Methodist Church. He belongs to
the i^ons Club, and is a Mason
and Shdner. He graduated from
! Shelby High School. I'niwrsity
| of North Carolina, and the I’ni*
versity of Maryland Hospital in
Baltimore. Since 1 **33. Dr. Ken
dall has b*>en ot the Cleveland
County lioard of Health. He is
past president of the North Car*
| olina chapter of the American
College of Heart Cardiology, past
president of the Cleveland Court*
! ty Medical Society, past president
I of the 7th District Medical Socie
i ty. past Chief of Staff of the
i Cleveland Memorial Hospital and
past Chief Surgeon at the Inter
national Mercantile Marines.
, Flight recorders on aircraft —
the small instruments which help
to ascertain the causes of air
craft crashes — are protected
from shock and corrosion by a
housing of sp»*cial cast nickel
stainless steel.
I
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i
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I
I
'
C. L WABUCK
INSURANCE
AGENCY
Insurance
Protection
• Business
• Ante
• Heme
Diol 739-3411
111 W. Mountain SL
4:3S*tfn
Ml VO* * LITTLE SIMT
7 A*
TAX MONEY
• Instead of getting a mfund, are you on*
of the many who owo a fox this year?
If so, we cordially invite you to take ad
vantage of our TAX MONEY* SPECIAL!
• *
m mi hi mmi
IIMI MMV.
(AU IKU IHli'
•O# «•*•*#. II* f*'
»•* •***
A
Local Fmance Co
121 N. LaFoyett* St
Shelby
Fhoat MS-2434
2:4-4*