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Cedar Rapids Gazette: Tuesday, May 14, 1974 - Page 4

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   Cedar Rapids Gazette (Newspaper) - May 14, 1974, Cedar Rapids, Iowa                                 J» The Cedar Rapids Gazette Tups ., May 14. 1*174  Today’s Tough Society Is  Stifling Childhood Days  rho Investor's Guide  By Tom Tlede  NEW YORK (NEA) — In her book, “The Conspiracy Against Childhood”, Eda Leshane remembers watching a mother castigate her one-year-old child in a restaurant. “If you .don’t stop acting like a baby." the mother growled. ‘T m never going to take you anyplace again."  Author Leshane then wondered: if you can’t be a baby at one-year-old, when the heck can you be?  Apparently never Being a tad ain’t what it used to be In today’s tough, demanding  (Third in a Series)  society, Huck Finn is a delinquent. Tom Sawyer is an underachiever, Heidi is in foster care and Alice of Wonderland is fantasizing dangerously and may have maturity problems.  False Image  The 1970 White House Conference on Children reported that America's image of itself as a child oriented society is false. “A hard look at our institutions and way of life reveals that our national priorities lie elsewhere: the pursuit of affluence, the worship of material thmgs. the hard sell and the soft.” Nowhere is this more evident than in the home, where the child is expected from infancy to pursue the same objectives as the parents: in behavior, iii material things, in the hard sell and soft Parents prod children to grow up. To “do something.” Yale child specialist Dr. Edward Zigler says children learn a great deal when they are doing nothing more than “chewing on a blade of grass.” but such is often forbidden as parents rush their offspring to excellence before kindergarten  Books are published which teach kids to read at IO months of age, machines are available to test I Q of toddlers; author Leshane writes of parents who complain, “What a day, I ve spent hours planning Johnny’s future.”  Damaging Results  The result is usually nothing more than kids who are eight, sighing: “Thank God it s Friday.” But increasingly, the result may be more damaging Psychoanalyst James Thicks-tun bluntly says that “In some respects, everyone has a wretched childhood.”  Other observers of family life believe the modern home's focus on educational and social achievement is a principle cause of youth alienation. “Why do children fail?” asks psychologist John Holt. “They fail because they are afraid . . . above all else, of failing ” The failures have in recent years become a litter on the American landscape. Three million youngsters commit serious crimes annually, millions more do it undetected.  At least BOO.(MKI and more likely I million kids — the majority under 15 — run awav from home and wind up begging, bumming or getting int* trouble on university campuses and city streets Countless others bumble in school, do combat with confused parents or simply grow up sad and frustrated wondering “Is this all there is?”  The statistics have led a concerned cadre of child advocates to call for reform in the home, or else The 1970 White House Conference maintained that the beliefs of parents cannot infringe on the rights of children It did not suggest  Advertisement  what the child should do if such infringement is evident, but San Francisco psychologist Richard Farson does: Move out.  Farson, an advocate of complete children’s liberation, says that “although a child cannot choose his parents in the genetic sense, he should lie able to choose them in an environmental sense ’’  He suggests multifamily communes, child exchange programs and children's residences He believes unhappy kids should choose their own upbringing  The idea is not so preposterous Multifamily communes are relatively common in America, Israel has kibbutz communities where children are raised by many parents, children’s residences have been a fact of life for the neglected and unfortunate for centuries.  Farson’s new thought is “children's choice” which, critics gulp, if it came to pass “we d have every kid in the nation trying somewhere else.”  To be sure, the critics are hard on Farson’s suggestion. 'Would it not be quicker just to drop a nuclear bomb on every home in the country?” asks a New York Juvenile judge. “You couldn't destroy the family anymore completely.'’ Despite agreement that the family is indeed in trouble, even in decadence, most child specialists believe strengthening it is the answer.  “No Solution ”  “We've already weakened family life too much.” says  Urie Bronfenbrenner, of Cornell University “The cocktail hour has replaced the children’s hour in our homes But letting kids run about free as they want, from door to door as it were, that’s no solution.”  Bronfenbrenner's solution is as institutional as Farson’s is radical. He believes the isolation of today’s nuclear family, as compared with the socially adaptive extended family of yore, is at the root of the problem.  Without parents and grandparents about, mothers are lonely and unsupported, and fathers are under too much personal pressure; therefore “children today are relying much more on their peers than their parents."  One solution, an ancient one: Parents must redouble their efforts to create family com-patability. “Parents who cannot lie at home when children are,” says Bronfenbrenner sternly, “are not, fit to be parents.”  The way out of the mess has confounded intellectuals, not to say parents, for decades. But perhaps Richard Farson does hint at the key. After futile efforts with marriage counselors, guidance counselors, social workers and police investigators, perhaps troubled families would do well to bring the child into the equation for the first time.  Not as a free agent necessarily. but as one whose future also is at stake.  (Wednesday: The School as Prison)  By Sam Stmlsky  Q — I received a letter in March saying that warrants I held would expire April 9. which happened Why would a company let its warrants expire with such a large loss to its stockholders? I |>aid $2,5IM) for 50(1 warrants A — I don't see how you can complain when a company does what it says it is going to do Those warrants were marked for expiration April 9 from their very beginning and when April 9 came the warrants faded out of tin' picture on schedule.  I don't know the history of the warrant, why it was issued, or w hen, but it is customary for warrants to have an expiration date. There are only a few --Alleghany Corp. and Atlas Corp. come readily to mind — which are perpetual I don’t know when you bought these warrants, but I find the all-time high was 47* The warrant gave you the right — until April 9, 1974 -- to turn it in, plus $10.75 in cash, for one share of common. All last year, the common had a range of 4i* high and 2 1 ? low and the warrant was down to a range of I 1 * high and i* low. With the common recently selling around the $3 level it should have been pretty obvious that the privilege of adding $10.75 cash to your warrant to get a $3 stock was not exactly a rare privilege Seems to me you I) didn’t understand exactly what you were putting your $2,500 into and 2) didn't keep your eye on the ball.  And finally, the expiration of the warrant was not a loss to stockholders but, rather, a plus. It meant that a potential cia mi to acquire the stock at less than some future bull market price (it was once as high as $18 50) had been eliminated A warrant is the means by which a speculator buys a claim on a stock — in the hopes it will work out to his profit. It is not a stock and the warrant holder is not a stockholder  • A *  Q — Seems to me you could have told that widow to put her money into some preferred stock I own which yields ll percent.  A — Sire I could have. And then worried whether Standard and Poor’s really meant it when it gave the issue a rating  Th* Best Carpet Buys Are At Carpettand U.S.A.  Hti.0 MimqeAb  74th ANNIVERSARY  LAST 4    DAYS—WED.,THURS., FRI., SAT.  20% OFF RETAIL  On Famous Klinger Brand Paints  Good Time to Buy Your House Paint  LEAST 10% OFF RETAIL  EVERYTHING In Our Store—Last 4 Days  ENLARGED CRUMBACHER ART DEPARTMENT  10% OFF AU ARTS AND CRAFTS SUPPLIES  WALLPAPER AND WALLCOVERINGS LESS 10%  DURING THIS SALE ONLY-and 10% OFF Special Orders!  * Over I SO Wallpaper Books from which to choose)  10% OFF ALL CUSTOM PICTURE FRAMING  PLUS—your choice of FREE regular or non glare glass or mat.  ALL UNFINISHED FURNITURE—10% OFF RETAIL  FREE DELIVERY in the Cedar Rapids Area.  OLYMPIC STAIN HEADQUARTERS—ALL 66 COLORS SPECIALLY FORMULATED SWIMMING POOL PAINTS  I FREE PAINT GIVEN AWAY DAILY  paint &  WALLPAPER  Complete Decorating Center — Since 1900  FREE  Store-side Parking and Delivery in Ceder Rapids! OPEN DAILY 7:30 AM to 3 PM  333 5th Avenue SE  SATURDAY 7:30 AM to I 2:30 P.M.  of ”B” (speculative) which is six grades down from the top and only one step tip from the “(’" (“sub-marginal”) bottom rating  Don’t you think I’ve seen  enough losses already without  putting elderly widows into  “B” grade stocks?  e *    •  Q — I dan’! agree with your suggestions to buy U. S. treasury bonds at par since they fluctuate in price but still never offer much chance of selling at a profit. Why not an FSLIC-insured 4-year, 7 1 ^ percent certificate?  A — I’m eat going to argue one way or another as between treasury bonds and federal agency-insured savings accounts. All I want to point out is that neither a deposit nor most any top quality bond selling at par offers too much chance of a profit — unless of course, Interest rates fall sharply, in which case bonds would rise. But even then a bond due to be paid off at par in four yea re could hardly show a big profit.  • • •  Q — We're retired and  Sam  Shulsky  depend upon AT and T stock for a large part of our income. We notice, however, that the stock didn’t appear on a single big college portfolio you printed recently,  A — After what’s happened to their favorites in the last year, I bet those colleges wish it did. Seriously, these portfolios are aimed at growth, while what you want is solid,  safe income  * * •  Q — I understand the daily high and low prices on bonds, but what are the “bid” and “asked”?  A — Any “bid” — in bonds or stocks, listed or over the counter — always represents the highest price a potential buyer is willing to pay as of the moment the bid was recorded; an “ask” quote always represents the lowest price a potential seller will take for his security.  *  To Or dor Your GcueHe Want Ad  DIAL 398-8234  8 A.AA. to 5 P M. Monday thru Friday. Til Noon So*  2 Bad Plays for Baseball Bandit  VAN NUYS, Calif. (UFI) -lf Raymond Hoeye really is “the baseball bandit,’ he struck out twice  The nickname was given to a robber who held up live banks in recent months, always wearing a trademark baseball cap. The bandit iii distinctive headgear first struck out trying to hold iii) a branch of the United California bank with a pistol A woman screamed, heads turned, and tin 1  bandit ran,  Then police and FBI agents arrested Hoeye, a dental technician from North Hollywood, saying they already had him under investigation as the “baseball bandit.”_  New Mart Members  Have High Food Hikes  BRUSSELS (AF) - Two of the Common Market's newest members, Denmark and Britain, suffered the biggest increases iii food prices last year. the organization’s executive commission said Thursday  The cost of food and drink rose 12.9 percent in Denmark and lit 8 percent in Britain in the first nine months of the year  The commission insisted, however, that the rise was not due to either country’s membership of the Common Market Both joint'd along with the Irish Republic at the start of 1973  West Germany had the lowest increase. 2.8 percent..  Ifs time for you to get growing...  Bedding plant! , . hanging baskets beautiful plants and everlasting arrangements . Come — you ll enjoy a visit to our convenient new location! We re open 9 om to 8 pm daily — and Sunday  ^Garden Center  Dorothy Newport 350 3rd Ave. SW, Next to Trinity Methodic  Peoples Bank  Vacation  BANK AMERICA TRAVELERS CHEQUE     N   12 345 OOO 678- .  BsnkAfrvjflo* Ovporokje  v ,  Sa.  ( fmna»oo CsBOttUtUSA •a pev the cree* ie m .von ct r I maw i    ,  Tweet* Doms.  In al otto* cdt**Hee al current SMM rata tot Banker, 1  Chequae on New VoA  oaoooooo k«: i a iv se.- tbs 51 ?«•  IM - 20 TWC NT V IM - 20-TWI NTT - HI - 20- I Vt NT V - IM- TO TWI MTT IN 20-Tot MI T ■ HI 20-TNH KT Y - HI- 20 TWtMT* IM-20 IWtNTT-HI-SO TWI HTY - IN - 20 -TWN HTV  Special  Save up to  $ 48 on BankAmerica Travelers Cheques through June 14.  From May 13 through June 14, 1974 you can buy up to $5,000 in Bank-America Travelers Cheques at Peoples Bank for a maximum fee of $2. A saving of up to $48.  This Vacation Special lasts only a few weeks, so even if your vacation isn’t until later, hurry in and take advantage of our money-saving offer now r .  Another Closer to You Banking Service  AND TRUST COMPANY Four Convenient Closer To You Locations  Peoples Downtown, Peoples Fast at Town & Country Peoples West al May s City, Peoples in Newhall Member FDM • FRS  I  I   

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