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Cedar Rapids Gazette (Newspaper) - May 24, 1974, Cedar Rapids, Iowa They'll Do It Every Time THE FAWLV WATCHES TV AHD IT'S PRETTY PALLIP TONIGHT THE PARENTS ARE OUT, SO WHAT'S ON EVERY CHANNEL? W-WHEN ARE MOMMY AH' CWPY C-COMIN6 HOME? MELINKA UAWMS CfWSTAI. STATS How To Choose a Senator for Speech Ity Dick WASHINGTON' (I'l'l) As required by Ilii1 rules, s. senators iw-iilly filfil rcimrls limv icuclt outside tit conic Iliey ciillcctcd year from lies anil wriliwjs. 'I lie total came to which indicates there is a demand for senatorial oraliiry I'm sure the private or- that shelled mil that amount in fees anil honorariums were solely interested in eloquence. I'uri'ly ('uinridrnliil The fact that some of them had husiness before congress was purely coincidental and siiK'Kcsts nn imjiropriety. .N'i'Vertheli'ss. it be absorbiuK to see bow, say, the National Assn. of Stick Importers Koes about selecting a speaker for its annual con- vention. So let us look in on a mcclini! of the program cumimllee "Okay, fellows, we need to come up with a real socko program for this year's closim: banquet. It will help make amends for what happened last year." Thai three-hour speech liv Sen Tin in Dick West praise nl iiiolberhooil had half the delegates vowing they would never attend another convent ion as as they lived." "Von were on the program committee lasl year, Krnic. How come yon picked Sen. Torporholt as the after-dinner "He was highly recommend- ed by our lobbyist in Washing- ton "hid Ibe lobbyist tell you Torporbolt was a silver-ioii- orator'.'" "No, In- told us be needed sniu'-oiH' to introduce a to repeal the slick import quota." "In that case, you were lucky to find such an eloquent speaker lor only .S.'i.llllll. What's the stains of Ibe quota-lifting bill Ibis "It's still up in the subcommittee beaded by Sen. Crashboro." "I that Sen. Craslibore is a real spellbinder." "Where did uiu bear that'.'" "From our lobbyist in Washington." "lit sounds like just (be typo of i'lraitiorrist we need to make Ihis year's banquet program a rousing success." "I awe, but an orator of Ins caliber niiylil be insnlleil liv a S'l.WIII honorarium. l'i-i haps we should raise it to nisi to be on the safe side "Thai's a surest ion. I'll order the programs printed away. Did our lobbyist indicate what subject Hie senator would speak on'.'" "Yeah, lie is one of the senate's foremost experts on motherhood." ON THIS DATi; in in World war II, the Cerman battleship I'.ismarck sank the British battle cruiser Hood in the North Atlantic, with a loss of Ullll lives. ON THIS ill lillii. As- Ironanl M. Scotl Carpenter Ijecanie the second American to fly in orbit as he circled thy earth three times. The .Crdar itapiils (iazrttr: I'ri.. May 21. mi "SEVENTEEN by Bernard Lansky "This one is marked down...He still says Agnew is Vice The Investor's Guide By Sam Shulsky arc a retired couple in our early 70s. We own -100 shares of AT and T, purchased VI to 25 years IIKO. Since AT and T has been a poor per former, would it be wise for us to sell all or some of our 400 shares and invest Ibe proceeds in three or four other high- quality, but now depressed stocks with good dividend records? At present prices, I would have In pay only a small capital gains tax for each AT and T share 1 sold. you're looking for stocks with good dividend records you won't find many income stocks fitting that definition better than Telephone. It has been paying dividends without interruption since 1881! In the last dozen years it has increased the payout from (adjusted fill- stock splits) to 83.08. While the slock has been a disappointing market per- former (he steady increase in dividend'payout is in an im- portant factor in your case. Further, it meets the quality requirements for retirement income. There remains, of course. Sam Shulsky the question of divorsifrjatio whether you should hav nearly in one security. Also, there is the questio whether the common share' yield of around percent i as good for your purposes (and especially at your age) as the 8 percent current yield obtainable from some of Telephone's bond issues. If you make any change at all, it should be toward high- grade, high-yield bonds and not into "depressed" common stocks in hope of a market profit. converted E bonds to II bonds last month. Does that mean I don't have to pay taxes on the accrued interest in the old Es until April 15, 1975? don't have to pay the tax then, either. The amount of the'taxable interest has been marked on your new II bonds and you can continue to defer the payment of the tax on that interest as long as yon hold the II bonds. have in li per- cent savings. If we draw a year, how long will it last? I low long would it lasl if the bank boosted interest to 7 per- cent? Please don't tell us to go into stocks we don't trust the market. A-A withdrawal of a year from a li percent account would exhause the money in years. If the money were earn- ing 7 percent interest, you could continue drawing a For Better Health Recenf Study of Siamese Cats May Help Juveniles By Dr. S.L. Andclman One of America's most popular breed of cat the Siamese may help save the lives of many children now doomed to death by a rare brain disease. The relationship between the cats and humans, like so many other advances in medicine, was discovered almost by ac- cident when a veterinarian friend of a researcher at the University of Alabama medical center in Birmingham brought him a Siamese kitten. The kit- ten exhibited a disease which appears virtually identical to the human disease known as juvenile GM1 Gangliosidosis. That is an inherited brain disease which, because of the absence of an enzyme, causes progressive deterioration of the nervous system. Chance To Sludy By breeeding Ibe diseased kittens. Dr. Henry Baker and his colleagues believe they have an unprecedented oppor- tunity to study a whole range of the brain disease which affects and kills 100 children each year in the United Slates. In children as well as in cats ability to walk is first affected. By the lime a child is 2. he won't he able to use his arms or legs. Death usually comes by the age of 1 There is no known cure. Tay-Sachs disease, which af- fects Jewish children of Knrnpcan anceslry. is the most widely known form of the disease. One in every .'ill F.iiropean .lews is a carrier for Tay-Sacbs. as is one in 1100 members of the general population. However, Dr. Baker says other forms of I he disease alfecl the entire pnpuliilinn. Wluili! System lie explains Ilial his cat colony is Important because il gives the researchers a chance To observe "n whole living sys- tern." Snmeof Ibeciilsiire free of Ihe disease, somo are curriers mid some, are stricken _ like n cross-seel Inn of hiimiuis. The of Ihe nils, however, is llml Hii'.v be studied ni Will while children, obviously, ciiit'l. Hopefully. Dr. linker's cols Dr. S.L. Andelman will enable the researchers to figure out what causes the disease and how to treat it. Dr. Andclman welcomes let- ters outlining problems he may discuss in future columns. He regrets, however, he cannot personally answer mail. Write to him in care of The tell me how much the government is involved in such agency issues as the FNMA, Federal Land Bank, GNMA bonds. refer you to page 13 of a comprehensive bond brochure which you can get free for the asking: "The Bond Merrill Lynch. Pierce, Fenner and Smitli, PO Box Church Street Station. NYC, In addition to these issues, the book discusses all forms of corporate and tax-exempt bonds. made a mistake selling my home when I lost my hus- band. Now, at age 1 find myself with everything in cash. Isn't that stupid? certainly hasn't been stupid in recent years. I'd say that if, in a period of personal tragedy, you (lid nothing other llian turn all your money Into insured bank accounts yon did exactly Ihe right thing. Too often, the loss of a bus- band leads a woman into a frenxy of investment in slocks, bonds, mutual funds, real estate which often turns out to have been all wrong. Al till I don'l see why yon can't leave the money where it is, with perhaps some movement into the bond market for slightly higher yields. If yon average about 7-8 percent from all your funds will] no risk I'll say that's pretty good. Margin: The amount of money paid by a cuslomer when he uses Ihe broker's credit lo acquire securities. Margins are regulated by the Federal Reserve and have varied over the hist few decades from 40 percent of Ihe market price of the security acquired to percent that is no credit at all allowed Currently, it is at 50 percent. "1 may be dumb in school, but I'm not stupid enough'to hand this report card to my dad in No Carfage or Droyage subject to office approval All Rent Will Apply If You Decide To Buy! HILTBRUNNER9 116 SECOND STREET SE COLOR IS WHAT BEAUTIFUL CARPET IS ALL ABOUT. AND OMEN IS ALL ABOUT COLOR. O1RPET BY ARMSTRONG Like fireworks lighting up a hot summor evening, Omen explodes across your living room, bedroom, or den with excit- ing, irresistible color vivid, vibrant color. kaleidoscopic color that will brighten" up every room in your home. Omen is a multicolored carpal In 18 colorations that range all the way Irom the bold and brassy lo the cool and serene. And, because It's made of 100% nylon, Omen's colors will last and last while the carpel wears and wears. Isn't It time you put a littlo color In your life? Sq. Yd. SMULEKOFF'S AT BRIDGE By Oswald James Jacoby In heaven suits always break; finesses always work; and all contracts come home. In this mundane sphere things aren't always that pleasant. South won the club and promptly played out the ace and king of trumps. East showed out but that didn't worry South. He played his ace and king of hearts. West ruffed, played his queen of trumps and led another club. Somehow or other when the smoke had cleared away, South found that he had managed to NORTH A K72 V 1052 A83 9B54 WKST 21 EAST 8 VQJ87 J 9 6 2 Q 10 7 4 SOUTH 4 A 10654 V AKC43 K5 A Boll) vulnerable West Norlh East South Pass Pass Pass Opening Pass 4 Pass The bidding has been: 24 West North East South Double Pass Pass Pass You, South, hold: Q9G57K 65 What do you do now? two notrump. Your partner's two-spade call is a forcing hid and this is your ob- vious response. TODAY'S QUESTION Your partner continues to three hearts. What do you do now? Answer Tomorrow salvage only eight tricks from the mess. Correct play would have brought the contract home in spite of the bad breaks. South should play his ace of hearts; lead a trump to dummy's king and then go back to hearts. West would ruff the second high heart and probably lead a trump. Not that it would mat- ter what he led. South would be back on lead and play a third heart. East would win and lead anything he wanted, it wouldn't matter. South would get to ruff a heart in dummy to establish his last heart as a winner. ON THIS DATE in 1883, the Brooklyn bridge in New York was opened. VFW Leader: Restrict Amnesty to Gen. Lee CHICAGO (UPI) Restor- ing citizenship to confederate Gen. Robert K. I.ee is all right, says the commander of the Veterans of Foreign Wars, but in attempt in congress to link it lo amnesly for Vietnam-era draft (lodgers won'l wash. "The American people will recognize the cynical effort to link Lee, a man of massive character and attainments, with the motley crew that pushed worthier men into the line of fire as being an effort lo grant 'amnesty' by Ihe back door. It won't said Commander Ray Soden. Lee never got around lo filling out the needed papers to be reinstated as a U. S. citizen after the Civil war. CASADUV. RtSERVI1 I QUARI Canadian Reserve. It tastes so good you won't mind paying less! CANADIAN t RESERVE 1 5_ MADIAS WHIM p, 6UND 'IQDUCt Of 86 ftnof. Product ol Distilled Products. lnc..Cliicaso. III. WI6 SMULEKOFF'S S'A flaw of for homt Third Avenue at First Street 5E In Downtown Cedar Rapids Open Saturday 9 a.m. to 5 p.m. 18 Inches Wide, Counterfop High Compact Refrigerator MAGIC CHEE It's Magic Chef's all around, convenient, refrigerator. Ideal for offices, in motel and hotel rooms, for dens and rec rooms or efficiency apartments and cabins. Safe storage for medicines in doctor, dentist and veterinary offices photo supplies in studios. The compact refrigerator takes very little space being only 18'A inches wide. Come in now and see Ibis mosl con- venient, compact refrigerator in wood- grain or white finish. Woodgrain White S13995 Look at These Features: 9-setting temperature control Tall door shelves for bottles o 1 8 Ib. capacity freezer with swing-out door 2 ice cube trays make 28 cubes Rack for 7 eggs, lemons or limes 8.5 qts. capcity each, twin crispers for vegetables and fruits e Store up to 5 Ibs. of meat in covered tray Mar-proof counter-high top provides extra work area e Quiet operation, with 5-year warranty on sealed compressor Magnetic door gasket seals cold in and attractive, recessed handle saves bumps FREE PARKING For Our Customers, Using Park and Shop plan. SMULEKOFF'S TERMS TO FIT YOUR BUDGET
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