Cedar Rapids Gazette (Newspaper) - September 2, 1974, Cedar Rapids, Iowa
IO The Cedar Rapids Gazette Mon . Sept. 2. 1974
Collectors Make Timely Investment in Old Clocks
CHICAGO (AP) - This is a great time for clock collectors. They arc ticking off the dollars
Bernard Edwards, president of the Chicago chapter of the National Assn of Watch and Clock Collectors, says clocks are a better investment nowadays than the hottest stocks
But you’ve got to find the right ones.
“Several years age you could buy old alarm clocks for 50 cents or ll bot now they are going for $15 to $20,“ says Ed wards, whose travels in the outdoor advertising business
give him occasional time for clock hunting in antique shops.
“Alarm clocks made from 1912 to the 1930s and early 1940s are coming up fast in the clock derby.” said Edwards, a collector for 15 years “Anyone who was rn the service during World war ll probably will remember the alarm clocks that had war alarm’ printed on the face There were millions of them, but most were lost or thrown away They are worth $22 to $25 now.”
Double-dial calendar clocks
and railroad clocks are in demand now while a few years ago school clocks were a big thing. Edwards said. Before that, gingerbread mantel clocks were popular “Alarm clocks arc the big comers," he said. “There are fashions and fads in clocks Just as there are in other kinds of collecting.**
Edwards’ personal collection includes IOO clocks and 50 watches His prize is an early American mahogany clock three feet tall that he bought for $400 at an antique shop two years ago
“It’s of museum quality — a genuine Aaron Willard with Paul Revere engraving,” he said “I value it at $3,500 today."
In today’s changing market an amateur can get burned, Edwards warns.
“Take a good look at the movements,” he advises. “Old clocks, being handmade, have movements rather on the crude side New ones look new. they are probably stamped out. The plates are thin and are usually riveted instead of screwed."
LAFF - A • DAY
J* * ' x *
Galbraith Says Spiral Imperils U. S. Stability
NEW LONDON, N ll (AP) — Harvard economist John Kenneth Galbraith says the stability of the federal government will remain in jeopardy as long as political leaders refuse to take unpopular steps to curb inflation.
Galbraith told a Colby college audience Thursday night that President Ford s top economic priority in cutting
federal expenditures is “oratory.’’
Raising taxes accomplishes the same end more quickly and effectively, and until the President takes that step “he isn t serious" about curbing inflation, said Galbraith The former ambassador to India said Americans are paying an increased tax in the form of rampant inflation
Galbraith outlined his own economic strategy which he said would slow inflation to three or four percent Hi1 called for’the institution of tough wage, price and profit controls and an increase in federal income taxes for those with incomes of $15,000 or above and modest increases in corporate income taxes
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