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Madison Capital Times Newspaper Archive: March 27, 1961 - Page 7

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Publication: Madison Capital Times

Location: Madison, Wisconsin

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   Madison Capital Times (Newspaper) - March 27, 1961, Madison, Wisconsin                                1m letter to Robert KeaaeJy Samp Asks Investigation of Investment Co Pricing Edward J Samp director of that Wiacouin Department of Se today Atty Gen Rebert to tovntigate pricefixing agree tneaia in the sa of i n v m c em piny i e curitiat Samp ald that in recent e a i e vohing electrical equipment turen would be only a small fraction of the amount of money involved in investment fund se curity dealers price fixing In his letter asking Kennedy to actv Samp uid The recent successful ter ef your department the manufacturers ol electrical equipment prompts me call ike abeve to your at Undbubtedry the damages ev idenced by those cases may be tremendous but I venture to say that the damages will be only a small fraction of the amoun which the public has paid and is paying in excessive 1 p a c on investment company as the result of the above mentioned pricef 1 x i n g agree Samp said the federal govern ment could challenge the practice in court or change the laws deal ing withsale of investment fund securities Samp who has served as state director of securities since 1944 laat month denied an increase from TVt to 8tt per cent on the commission that purchasers of Mutual Turds would have to pay in Wisconsin In his decision Samp said the high commissions NAACP Plans Renewal Panel Problems of urban renewal and redevelopment in Madison espec ially in the Triangle and Brit tingham areas will be the topic or at this months regular membership meeting ol KadiaM Brancfa NAAOP Na tional Association for the Ad of Colored tottight at 8 p m at the YWCA 12 State St Participating IB panel cuwion will beWalter K John Mi Planning State v Resource Development Robert CCallsen executive director of the Madison Housing Authority aqd Roger T Hupnow executive diraetor of Madiaon Redevel Aotfaority Moderator wffl be Odafl TaHafarro president of fltt fecal NAAOP Tba audience expected to participate in the oUcoMka and the public is in ifed IJearntoSwim Campaign Set iUready looking forward to the vacation and the water sffcrts season the Madison YMCA made arrangements to con a LearntoSwim campaign diking the spring vacation Apri for nonmember boysaget MS Fee for thefive lessensof will be only according Jerry Young physical direc gtf as a result of this cam paifpi we can help save the life off3one Madison youth it will be wirth the time and effort of al ejfcicerned Young said Interest persons are asked to contact Young or Quay Cox youth physi Ml director at AL 87721 Rate Hearing The Public Service Commission wfll hold a hearing April 6 on a request of the Dodge Count Telephone Co to raise rates a ita Reeseville Exchange The hearing will be at 10 a m in the State Office Building in Mad ton resulted from pricefixing Samp sent a copy of his de cision and order to Atty Gen Kennedy and detailed his charges of pricefixing He charged 1 That the contracts which the underwriter makes with dealers we not negotiated at arms length the dealer take be contract which the underwriter offeri or he cannot the shares 2 That they are pricefixing con tracts 3 That hey are contracts In restraint to trade they are an artificial restraint on transferabitity of shares because they provide that m dealer who repurchase iharei from a customer may Mil shares only to the fund or to the wholesale distributor 5 That they cause mo nopoly in the sale of sharei not in the public Interest or in the Interest of Investors be cause no dealer may sell at a profit unless he is a mem ber of the National Association of Security Dealers and has contract with the wholesale dis tributor 6 That such monopoly caused the selling price of open end to be pegged at a point where the commission is far in excess of commission perroisable on comparable se curitie 7 Thai such monopoly should be prohibited so that there will be a free market In the sale of openend chares as free the market li for other se curities Samp told Kennedy that the profits involved amounts to many millions of dollars per year Samp recommended that the question of price fixing be cided by the or the Se curities and Exchange Commis sion that dealers claim the is in compliance with the Investment Company Act of If of that Act are re sponsible for the encouragement of agreements that constitute price fixing Samp said then the act should be amended or In terpretations of the various sec tions should be changed to prevent future agreements of this type Samp also criticizedthe Na tional Association of Securities Dealers set up under the Securi tics and Exchange Commission as a selfdiscipjinary organization Its investment committee of 20 to 25 members is made up almost entirely of persons connected with the funds their managers and distributors The A s s o c i a t ion makes the ruias including com pulsory membership if a dealer wants to sell investment company shares Dealers licensed in every state are told that they either must abide by these rules or they will be out of the investment share business Panel On Acceptance of Retarded How to Oblain Community Ac ceptance of the Retarded will be discusMd by a panel led by Irvin Probstein of the staff of central colony here at the monthly meeting of Madison Area Retardation Council Inc Tues day night at 8 at tho City YMCA 207 W Washington Ave Others p a r t icipating on he panel will be Harry Spindler of the Mental Health Advisory com mittee Glyndon Webb assistant professor of social work exten sion Ralph Mefz executive sec retary of the Madison Community Welfare Council and Melton Mar tinson of the State Bureau for Handicapped Children Mrs Barbara Davis 6026 S Highlands Ave is now serving as president of the Retardation Council following resignation of Prof Willard F Mueller who has accepted a post in Washing ton D C THE CAPITAL TIMES Monday Mar 27 For Essay Prairie du Sac Boy Wins College Scholarship A sophomore at Prairie du Sac High School has won a 1300 col lege scholarship for an essay on weeds Calvin H Wilhelm 15 Route 1 Prairie du Sac submitted the winning essay among 80 in com petition set up by the Wisconsin Weed Story Contest Committee Don R Peterson University of Wisconsin weed control specialist is chairman of the committee Wilhelm told how he and his father control weeds on their farm In his words Weedsweedsweeds This year with above average rainfall weeds grew vigorously every where It was a real struggle to control them But this is an important thing for all us farm folk Wilhelm outlined a multiple edged program of buying certi fied seed using clean feed culti vation crop rotation and cals to control weeds On the Wilhelm farm two 4D II is used on yellow rocket a stub1 born and noxious weed Wilhelm said Dad and I sprayed yellow rocket with two 4D amine This was very effective Yellow is on the way out on our farm I since weve destroyed it for eral years Attacks have also been mounted on Canada thistles quackgrassf and nettles Wilhelm said Common weeds I on our lawn and around the farm I buildings are controlled with weekly mowing This is quite a job because we also mow our orchard Even if it is a task it is worth the effort He concluded We spend a good many hours trying to coo1 trol weeds on our farm this year but the job will be before us again next year Our task is learn new quicker methods Facsimile Ballot Notice of Judicial School Superintendent and Referenda Election Dane County April 491961 Office of the County Clerk To the Electors of Dane County Notice is hereby given that a judicial School Super intendent and Referenda Election is to be held in the several towns wards villages and election precincts in the County of Dane on the 4th day of April 1961 at which the officers named beloware to be chosen The names of the candidates for each office to be Voted for whose nominations have been certified to or filed in this office are given under the title of the office each in its proper column together with the question submitted to a vote in the sample ballot below INFORMATION TO VOTERS The following are given for the infor mation and guidance of voters A voter upon entering the polling place and giving his narrte and residence will receive a ballot from the ballot clerk which must have indorsed thereon the names or initials of both ballot clerks and no other ballot can be used Upon receiving his ballot the voter must retire alone 19 a booth or compartfnent and prepare the same for voting A ballot clerk may inform the voter as to Mfieial Referendum Ballot If you desire to vote for any question make a crow X or other mark In the square after the word underneath question if you desire to vote against any question rriake a cross X or other mark in the square after the word underrleath such question i j 3 articleXI of the constitutionbe amended so that the I limitationon the indebtedness otschodl districts entitled to the highest jjevel of state aids shall not exceed tea per centum of the vStijie ol the aljzed lor state purposes property as equal Yes D Shall section 4 of article VI of tha constitution be amended to permit tha sheriff to serve any number of consecutive terms Yes El Shall section 34 of article IV of the state constitution be created to grant powers to the legislature to provide for continuity of civil govern ment in case of enemy action in the iorm of an attack Yes D 4 Shall section 26 of article IV of the state constitution be amended so that the limitation on the granting by the legislature of extra compensation to any public officer shall not apply to an increase in the compensation of a public officer other than a member ol the legislature term of office is 4 years or more Yea n n Shall section 2 article XI of the Wisconsin which presently provides that the necessity for condemnation by a city or village be estab lished by a jury verdict be amended to grant to the state legislature the same authority to prescribe the method by which such necessity be established for cities and villages as it now has with respect to other units of government and public utilities Yes n D 6 section 1 of article VTII of the constitution be amended so that the taxation of merchants stockintrade manufacturers materials and finished products and livestock need not be uniform with the taxation of real and other personal property but the taxation of all such merchants stockintrade manufacturers materials and finished products and livestock shall be uniform except that the legislature may provide tharthe value thereof shall be determined on an average basis Yes No OFFICIAL BALLOT For Judicial and School Superintendent Election Mark with a cross X in the square at the right of the name of the candidate for whom you desire to vote it be there or write any name that you wish to vote for in he proper place JUDICIAL OFFICERS Tor Justice of the Supreme Court Vote lor One STEWART G HONECK A Nonpartisan Judiciary 1 I MYRON L GORDON A Nonpartisan Vote for One Far Superior Court II ERVINM BRUNER A Nonnartlsan JudiciaryI trt mi Vote for One Jter Small Clalmt Court Judge WILLIAM C SACHTJEN A Nonpartisan Judiciary 71 n SCHOOL SUPERINTENDENT For State Superintendent Vote for One ANGUS B ROTHWELL A NonpartUan Superintendency II 1 WILLIAM J FENELON A Nonpartoan Superintendence LJ n For County Superintendent Vote for One HARRV M A Nonpartisan Superintendence LJ D COUNTY SUPERINTINDENT OP SCHOOLS HARRY M No BLANCHE A No Dane the proper manner of marking a ballot but he must advise or indicate in any manner whom to vote for At a nonparfisan election the voter shall place cross or other mark in the square at the right of the name pf thescandidate for each office for whom he inj ends to vote or by inserting or Writing in the name of any other candidate A voter may vote upon a question submitted to a vote of the people by making a cross X or mark in the square at the right of the answer which he intends to give The ballot should not be marked in any other man ner If the ballot be spoiled it roust bs returned to the jallot clerk who must issue another in its stead not more than three in all shall be issued to any one voter Five minutes time is allowed in booth to mark sailor Unofficial ballotsor memorandum to assist the voter in marking his ballot can be taken into the booth and may be used to copy from The ballot must not be shown so that any person can see how it has been marked by the voter After it has been marked it should be folded so that the inside cannot be seen but so that the printed in dorsements and signatures of the ballot clerks on the outside may be seen Then the voter should pass out of the booth or compartment give his name to the in ipector in charge of the ballot box hand him his ballot be placed in the box and pass out of the voting place A voter who declares to the presiding officer that le is unable to read or that by reason of physical disa jility he is unable to mark his ballot can have assist ance of two election officers in marking same to be chosen by the voter and if he declares that he is visually tandicapped he may have anyone assist him in marking its ballot or operating a voting machine The presiding ifficer may administer an oath in his discretion as to uch persons disability The facsimiles of the officialballots OTTO FESTCE Dane County Clerk DANE COUNTY POLLING PLACES Opening Closing TOWNS AM PM School Black Earth Village Hall 3looming Thurber Park Community Blue Horeb Village Hall Hall Hall Cottage Hall Cross St Marys School Pine Had Garage Hall Hall Pet Town Hall 2120 Fish Hatchery 2nd Pet Bldg 35 Univ Houses Hall Garage Village Hall Hall Hall Garage Hal Ha 11 Hall Sun own Hall Hall Garage Hall at Norway Grove Hall Hall Mueller Road Hall VILLAGES Hall Black Blue Hall Building Station House Hall Cross Legion Hall Station 900 630 Hall Station 600 Maple Hall Room Fire Station Hall Pet Monona Grove High School 2nd Pet Monona Village 3rd Pet Maywood 4th Pet Nichols Mt Hall Hall Shorewpod Had CITIES Building Sun Building Published WSJ GT March 27 and April J 1961 OPEN MONDAY 12 TIL 9 PM frosty white Everglaze Cotton Bouffant Slips Just in time for Easter These little girls pretty bouffants have elasticback bodices with either sweetheart or straight necklines 2 to 6x Delightful Prints on Fine EasyCare Cotton Wide Choice of Scoop op an armful of these cottons at our low price Florals geo metries moderns and document prints wash fast pastels brights For dresses skirts childrens wear and home use Colorful Corduroy Cover Zips on to Fit Any Bed Pillow Gay Dacoraior Colon Work decorating magic with machine washable cotton cor duroy covers that slip over zip on any full size bed pillow easily to make it perfect for other uses Imported Bud Vases of Hand Blown Glass Made in S shapes 6 colon by Italian craftsmen each Quantities limited Hurry in for many as you need to brighten up hall entryway bookshelf kitchen Beautiful all around 7Viin high Buy now be ready to bring Spring flower sunshine in   

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