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Cedar Rapids Gazette (Newspaper) - November 5, 1974, Cedar Rapids, Iowa 12 The Ct-dar Kaplds Gazette: Tues., Nov. 5, 197-1 The Investor's Guide MARMADUKE By Anderson Looming liy Sam Sliulsky In one of your eolunni.s vim nicnlinm'd INI iiiinuity purchased for which piiys a month or a year. Vim eompared (lu.1 liiiiil by tin1 iinimily with which could be iihlaincd from !l percent bonds. 1 am under the impression that the from (ho annuity includes re- turn of capital. So how can you compare the two? A If you are trying to say Iliat this particular annuity is no bargain, I'm with you. In fact, dial's what I said when I suggested that the investor put the money into il percent bonds and then shop for an annuity in five or ten years when, because ho will be that much older, the annuity pay- ments will be substantially higher. Arguments, pro and eon over the desirability of an annuity, appear in every day's mail. Which is understanda- ble. The pros ar'tuc that an annuity provides safe income fur so long as you live. No one ever outlived annuity pay- ments and that is a very important argument. The anlis such as. you seem to be argue that the actual return on your money is much lower than the month- ly payments indicate since part of each payment includes the return of some of your own money. True. MI I am interested in doing is helping some elderly person or persons who feel they do not have to leave an (state to get the most safe income for their remaining years. If they can get (that means, if they are old enough) let us say, a month or more Sam Shulsky from paid mil) an annuity (even though that includes some of their own money) then I would urge them In take the annuity rather than preserve their capital in Treasury, U. S. Agency or high-grade corpo- rate bonds and receive only S9IH) a year or a month. There's no sense to belabor- ing the point that the or or more includes some of their own money; that they are eating into their capital, because it doesn't make any difference. A reputable life insurance company, licensed to do business in their state, will continue to pay that or long after their origi- nal capital lias been exhaust- ed. So who cares where (be money comes from? It doesn't 'make an iota of difference whether the interest portion of that is (i percent or li percent so long as that keeps coming as long as they live. If you want me to argue against annuities I will say on- ly that I don't favor them for those who feel they must leave an estate, and for those who are still young enough to re- ceive only what, they could reasonably expect from top- duality bonds (without inva- sion of If you want me to argue in liy Oswald James Jacoby One of the worst habits a bridge player, can acquire is that of making one bid too many. West's takeout double of one spade was reasonable. The hand might belong to his side. But after North's redouble, it should have been apparent that South was going to wind up NORTH 4 A 10 5 3 V8732 AS WEST 9 K.I954 EAST t> 86 VQ 1097642 8 6 5 3 SOUTH (D) V A 106 J3 North-South vulnerable IWcst North East South Hedble Pass Pass Pass Pass Opening lead playing some spade contract. Hence, there was no reason for West to bid two hearts. West's king of clubs was allowed to hold the first trick. He could have beaten the hand by an immediate shift to a low .heart, but no one could figure that one out. West shifted to the king of diamonds. South grabbed that one; drew trumps; cashed the ace of clubs; ruffed dummy's last club and threw West in with the queen of diamonds. Now West led a low heart to his partner's queen, but South knew exactly what to do. West was marked with five hearts so South just let East hold the trick. East had to lead a club or a diamond and whatever he led would allow South to ruff in dummy and discard his 10 of hearts. South might have worked out this same play if West had not made that one unnecessary bid. lie might have but we will never know. For Better Health Laxatives Are Not Cure Alls By Dr. S.L. Andciman Taking laxatives to insure a daily bowel movement has been called the great Amer- ican addiction. Fortunately, the use of the harsher ca- thartics, such as Epsom salts, castor oil and calomel, has declined. People lui longer be- lieve that the more violent the action, the better the medi- cine. Laxatives in common use include milder irritants, such as milk of magnesia and the sweetened phenolphthalein preparations presented as candy or chewing gum. Miner- al oil, plain or combined with other laxatives, as well as psyllium seed and agar-agar. act by increasing the bulk of the feces and are widely avail- able. Certain funds bran, figs and prunes are some- times called natural laxatives. However, don't assume that these substances are harm- less. There's always the danger that' children will mistake the sweetened plien- olpbthalein preparations fur ordinary candy or gum and lake them in huge doses. In addition, phenolphthalein is known to cause skin rashes, and mineral oil prevents the absorption of fat-soluble vi- tamins. The habitual use of laxa- tives also interferes with nutrition by hurrying food through the digestive tract be- fore it can be fully absorbed. Water and necessary sodium and potassium salts are also lost. Minor indispositions, such as colds or headaches, are not bellied by laxatives. Thyroid inactivity, anemia and other systemic diseases associated with constipation need special medical care, not patent med- icines. Constipation due In enlargement or partial ob- struction of the bowel is likely to be a problem for the sur- geon. Finally, it can't be repealed ton often that a laxative should favor of annuilios. 1 will say only that I like them for peo- ple whose age would get them much more than the 9 percent or II) percent now being paid by the high-grade bonds and who want the comfort of an assured lifetime income and don't care about leaving an estate. And all you insurance agents and all you anti-insur- ance people who have com- plaiiied about one annuity column or -.mother van take it from there. Would you consider convertible preferred as good as common stock from the point of view of combating inflation? A Not quite. The dividend on the preferred is fixed so you can't get any help from that source. However, the preferred's market price will rise in step with the com- mon's advance, once the common reaches the conver- sion price. Q We arc in our HOs, with about 11 months to go on a mutual fund program. Should we pay off the balance in one lump sum? A I don't know why ybu should. You set up this month- ly investment program to take advantage of dollar-cost av- eraging and (important from my point of view) to be able to ignore market fluctuations. Why suddenly decide that you want to begin outguessing the market by concluding we now enjoy "all-time" bargain prices? Dr. Andelman never be given to anyone who has pain in the abdomen. Innumerable cases of common appendicitis have been turned into fatal peritonitis by a dose of laxative. Some authorities have gone so far as to say that laxatives, like narcotics, should be avail- able only by prescription. This may be a bit extreme, but the fact remains that most laxa- tive-takers have more need for self-knowledge, with changes in habits and attitudes, than thev have for self-medication. Decorah Chamber Banquet Nov. 1 8 DECORAH The annual Chamber of Commerce ban- quet will be held at Nob Hill supper club Nov. 18. About 200 Chamber mem- bers and their wives are ex- pected to attend' the annual event which will feature Charlie Hermann of Owa- lonna, Minn., as the main speaker. Hermann, vice-president, corporate sales development for Jostcn's, will speak on ''The Image The banquet and program will begin with a social hour at 6, followed by the dinner at 7 and the program. Reformatory Holds Power-lifting Meet Iowa Stale Reformatory will hold its annual power-lifting meet Dec. 7 at the reformatory. The AAU is sanctioning the meet, and registered male athletes must be in good standing to enter the contest. Entry fee will be and all entries must be received by Nov. .'ill. Team entries will be 85. Weigh-in time will be !l a.m. The bidding has been: West Pars Pass North Knst Pass Pass 44 Pass South You, South, hold: A A K 84 2 Q 5 4 What do you do now'.' A-The right bid is just five rliih.s, hut we would not crilicirc a jump to six. TODAY'S QUESTION Inslead of bidding three clubs your partner has jumped to three hearts over your two chilis. What iln you do now? Answer Tomorrow "Thank goodness it's only Marmaduke! For a minute I dreamed it was 'The Apple Tree' At Cornell College MT. Apple The three parts of "the Ap- a series of three one- act musicals based on works by three American storytell- ers, will he presented Wednes- day at Cornell college by the New York Theatre Co. The program will be in King chapel. Tickets, priced at are on sale at the Cornell business office, and also will be available at the door. Present 'Plaza Suite' Allanmkee Community 1'Uiyers will present "Plaza Suite" Thurs- day through Saturday In the house. The Neil Simon comedy is directed by Kichard Hughes. Appearing in first act of the "Plaza Suite" trilogy, Shirley Hughes and Dan 01- ting find themselves in the same suite they honeymooned in some two decades earlier. Diane Pittmarm is the secre- tary-girl Other actors include Sue Livingston and Jim Stock, Bert Finle, John Hansen and Sharon Rask. The Players are planning to present "The Fantastics" in the spring and also' are scheduled for a summer musi- .cal. Virgil Partch pie Tree" are "Adam and "The Lady or the Ti- ger" and They arc based on the writ- ings of Mark Twain, Frank R. Stockton and Jules Feiffer, respectively. The New York Theatre Co., established in is the musical theater division of the National Shakespeare Compa- ny, Inc. Car Lot Theft TIPTON The weekend theft of four wheels, tires and hubcaps from a new pickup was reported to Cedar county sheriff's officers Monday by Fred's Chevrolet-Olds of Tipton. Value of the stolen items was placed at It was the second such incident at the car lot in recent months. "Just don't use up all the hot water. Charity Ball Held In Dyersville DYERSVILLE-The Blue 52040. Sonata ball will be held Nov. 16 in Xavier gym here. Cocktail hour begins at p.m. and is followed by din- ner. Tickets are now on sale at per couple at the follow- ing address: Holiday Hospital charity ball, Box 2, Dyersville, The event is sponsored by the Dyersville area Communi- ty hospital auxiliary. ON THIS DATE in 1840, election returns were televised for the first time. SrVWi. WSJ i A 'A t, rr Vr r I i Y CigafcitcSmokinrjl
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