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Newspaper
La Crosse Tribune
Location
La Crosse, Wisconsin, United States of America
Date
Jun 19, 1961
Page
3
Sylvia Porter argues for tougher policing of the stock markets and tighter rules on securities trading before new federal laws. She notes a mass market with 15 million own stocks and 13 million poised to invest, predicting 25 million stockholders by the end of the 1960s, stressing risk to Main Street.
The piece argues that stock ownership will rise sharply, warns of speculation and manipulation by advisers, and urges immediate regulatory action. It urges tighter SEC rules, stricter policing of ads, and expanded oversight of banks and credit in over the counter markets. It notes Congress may authorize a broad inquiry in 1962 with findings due in 1963.
Wisconsin credit unions show rising membership and borrowing totals with assets reaching 206 million dollars as 733 unions report growth. The state banking department notes 363 444 members 139 000 borrowers and 93 million in personal loans plus 62 million in mortgage lending with 48 unions over 1 million dollars in assets.
SPARTA Wis Three persons were injured in an Angelo area crash Friday night when a car driven by Mrs Joyce Nimier 24 Milwaukee struck a bridge abutment They are listed as recovering at St Marys Hospital in Sparta Nimier suffered a laceration to the right knee and is in good condition Her son David 1 was thrown from the vehicle and is in fair condition with a possible skull fracture Mary M Samrow 21 Sussex Wis a passenger suffered a jaw fracture and loss of teeth and will need extended medical care She is to be moved to a hospital in her home city in about a week.
Uncle Ray explains ants are the planet’s most successful insects present everywhere except Antarctica. Queens often have wings at first, then shed them to begin egg laying and a colony. Young queens start colonies alone between rocks or in ground holes and rely on workers for initial feeding.
Jerry Newton a 12 year old from Memphis used his own haircut money to buy a Father’s Day gift. He paid 75 cents at barber school and bought a shining can opener for his father’s fishing cabin. His mother nearly cried when she realized the haircut had cost less and the boy kept the change. His sister said it looked like he did it himself.
Cashton Wisconsin obituary notes Magdalena Jansen Bethauser 95 longtime resident died Sunday morning at home. Born October 28 1865 near Hartford she married Frank Bethauser in 1893. Survived by two sons Joseph and Frank Jr seven grandchildren seven great grandchildren. Services Wednesday 10 am at Sts Peter and Paul Pine Hollow. Rosary 8 15 pm Monday and Tuesday at Torkelson Funeral Cashton.
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