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View Sample Pages : Mason City Globe Gazette, April 12, 1963

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Mason City Globe-Gazette (Newspaper) - April 12, 1963, Mason City, Iowa Propose clean living tax fSee story on page 3 little hope of solving mystery The newspaper that makes all North lowans neighbors MASON CITY GLOBEGAZETTE VOL 103 MASON CITY IOWA FRIDAY APRIL 12 1963 UOc a copy No 54 Reports come of wedding Insurance and mutual funds By PAUL R MOSHER New York Herald Tribune News Service NEW YORK While reports of the impending marriage of mutual funds and life insurance have often proven premature evidence is growing that fraternization among the two former antagonists is becoming more popular Latest signs of a linkup in volve Investors Diversified Serv ices and Nationwide Corp a large insurance holding com pany IDS the giant S4 billion in assets mutual fund group has of course been closely allied to the insurance field for sev eral years through a subsidiary life firm tifsheW FROM OUR WIRE SERVICES Arrest five SAIGON South Viet Nam The South Viet namese government said Rail talks to go to Chicago WASHINGTON WASHINGTON Navy had scant hope Friday of ever un raveling the fuU mystery of Americas greatest submarine dis sinking of the nuclear powered Thresher with 129 men in the deadly depth of the sea We will never know what went on within the submarine said Adm George W Anderson chief of naval operations after an thc shift to Chicago Were sadly and reluctantly Continue probe on atom sub To discover the cause Friday it had arrested jKennedys emergency boarding to try it five Communist agents bargaining talks Frij temporarily anyway in the railroad labor work1 We may move somewhere who Confessed thev helped touch off a dis astrous wave of fires in Saigon Gives welcome JAKARTA Indonesia President S u k a r n o gave an emotional e 1 come to Chinese Commu nist President Liu Shao chi Friday as the Chi nese leader arrived for a nineday state visit Goodwill visit TOKYO Maurice C o u v e de Murville French Foreign Minister arrived in Japan Friday for an eightday good will visit the first by a see how it goes Thursday that the Navy had given he saidUP tne snP as lost rules controversy and decided else later to resume next Wednesday at Chicago Samuel I Rosenman board During the first joint li condition of the iamuel l Kosenman board Thursday Rosenman before the disaster the con chairman said think we maclc somc proglotion of the ship now A Navy of the nations railroads and ress but lle not reveal court of inquiry gathered at Gro wantedivvhat was discussed at the closedton Conn aft orrmnn m ootin rr i ci of the nations railroads five operating unions Rusk and Russian confer tv Ltiil VIISilHlii WASHINGTON AP Secreeconomy take a work in tary of State Dean Rusk and Soin tne railroad industry to Nationwide a considerably smaller frog in the much larger insurance puddle has flirted mildly at times with mutual funds as a logical tieup But if it wins control of Al leghany Corp the 48 per cent owner and real boss of IDS its contact with the mutualfund field would prove much the strongest link of the steadily lengthening insurance mutual fund chain i Most tieups of insurance com Europes highest active panics with mutual funds havej volcano usually been limited to sales The idea of dualselling one man selling both funds and in surance has grown tremendous high French official the country Volcano erupts CATANIA thousands of Easter vis itors thronged the east coast of Sicily a new stream of lava poured Friday from a vent high on the side of Mt Etna ly despite widespread opposi tion The impetus for the linkup Heat wave MONTERREY Mex ico Eleven children and an elderly woman have died in a threedaj has practically always heat wave that has sent from the funds This time with1 1461 persons to hos the entrance of Nationwide into pitals suffering from de T ha fiinH V r 1 hydration Alert 1500 for possible strike MINNEAPOLIS AP Some 1500 workers at 12 plants of the haustive campaign to find out afternoon meeting The first sesi Secretary of the Navy Fred sion was open to reporters butjKorth acted to still rumors and speculation that any of the 129 may be alive trapped in the Threshers hull more than 8000 feet under the Atlantic He issued a statement Thursday night after the submarine Sea remaining meetings are expect ed to be held in secret Rosenman warned participants that they must settle their dis pute peacefully or the people some will insist it be settled wolf radioed that its sound gear The public will not tolerate a picked up what appeared to be strike he said nor could noises from a stationary ob the area in which thc YOU Humane Society officials say the smiles that adorn the jaws of these alligators arent indicative of their mood Some 200 of the reptiles are awakening from hiber nation at a now defunct alligator farm A society spokesman says they are 1hotofax mean and dangerous The farm is vir tually unattended and he warned youngsters from climbing the fence in search of a pet He said even the small ones are capable of snapping off the finger of an invader Hughes impressed with legislature viet Ambassador Anatoly Dobry nin renew their discussions on Berlin Friday amid signs that the search for agreement is likely to become more complicated US officials thought it entirely possible that the Soviet Union would inject into the talks the is sue of an American plan to arm an allied force including West Germans with nuclear weapons The meeting originally sched uled for last Saturday was set for late afternoon It is the second in the new series of USSoviet exploratory talks on the Berlin problem The present round was started at Moscows suggestion but in the first meeting three weeks ago nei ther Dobrynin nor Rusk advanced any new ideas for solving the EastWest dispute Since then the Soviet Union has protested to the United States and other allied na tions against the proposed crea tion of a multilateral nuclear force under the North Atlantic Treaty Organization Rosenman said in convening the panel that its primary pur pose was to submit a report to Thresher was heard from last al am Wednesday Korth said he had un equivocal assurance of all those ivviunuvai asauictliuu Ul illl IHOSG the President But he added that Sin a position to know including IT nJlri Qn atmn i MOINES UPI Gov Harold E Hughes said Friday the Iowa legislature appears to I think theyre just throw ing million out the window but I cant seem to stir up any be moving into position to act sentiment for withholding on major issues and it looks like this will be a good session Things could jell awfully fast Hughes said Democratic legislators will the fund picture by way of its ownership of Alleghany stock the first move has come from the insurance side It also puts the insurance into the big in funds concept leagues Until now most of the Nationwide group according toby the Amerlcan its annual report has exten sive interests in four insurance JAILS ATTORNEY BIRMINGHAM Ala Circuit Judge Wallace Gibson Thursday ordered attorney Mar cus Jones to jail for six hours because he was late to court companies with combined assets of S648 million and life insurance in force of S5 billion Harold Schneider secretary treasurer of the union said the alert was sent out after a break down in contract negotiations Schneider said no agreement could reached on working conditions What the proposed tieup of Nationwide with Alleghany benefits would mean in thc mutual fund complex of IDS is not clear at this time Yet its implications off closer links of funds with in surance could help speed thc growth of the whole movement The day of the onestop shop ping for family financial plan ning may be drawing a lot closer Many fund managements have shown a definite interest in licensing their salesmen to sell both parts of the plant but progress has been fairly slow Although thc idea of selling I the package is not new the con cept has been considered too radical for the more traditional minded leaders of both fields Few insurance executives have backed the variable an nuity concept as the bridge be tween fixedincome dollar pro tection of insurance and securi ties Those who have plans to counter the affects of inflation have found the wayj blocked by the Securities Ex change Commission Perhaps there is no middle ground for financial planning through variable annuities If SAME DATE 1962 102 imr t tii jnviuumK i nmgs coum cu awtully last icgisiaiors WMI important the chief of bureau of ships thc from this point and 1 see noprobablv vote against the omni K L commander Submarines Atlanticreason to stay until the middleibus Ux Package now under dis 5 DV InCITl1 ft tin 1P3 nnrf nrttvt I r m T F I i In 4 Km IT i rescuc May Hughes told hi aamonthem ay and among themselves mander on the scene that in waconference President Kennedys appomtters of this depth there is abso At the same time he was dis tent ot the board last wock an lutelv nn nnsqihiiitv thui ment of the board last week au tomatically barred a strike for 60 days It was the final step available under the National Labor Railway Act to vcnt a walkout On lookout for a bull buffalo i j LH DBS MOINES UPI The providing the bereaved families a Folk County Conservation board more stable climate in which to compose themselves and endure their grief is shopping for a bull buffalo The animal is to replace a threeyearold bull at Lewis A Jester County Park that died of a blood infection in February One supplier already has one to offer Dewey Hebelcr of No lutely might be survivors The Atlantic Fleet Headquarters at Norfolk Va said that it was possible the Scawolf heard the play ing optimism FJghes con ceded defeat in his efforts to win a withholding system for state income taxes J think people really resent MpTiSSIn0 Sefch Unils over Paying that lump sum for statc the horizon which were transincome taxes Fvervonr is nut ferred by bottombounce Ulc bitc on thjs In his formal declaration Korth of year and its an awful strugi expressed a fervent hope that thejglc trying to keep your headv rumors and speculation which above water the governor said ij in thc House Hughes although a few minority party members may go along with the Republican backec plan Like Kennedy Ive got mv Southern Democrats Hughes quipped The governor raised objec for state school a penalty clause in thc have already begun will cease In New of I Cmdr London Conn the People do not object to the federal income tax nearly as much as they do to the state levy because of federal with holding Hughes said However the governor made it clear he would continue the o aradjusted t which wi a m tax a ma 2ratitude o the families of 7 fight for a statc withholding svs tern but doubted it would be sue ville Iowa has a fivcyearoldithe meiV aboard her husbands 2600 pound bull for sale at Hebeler described the bull as large tame and a sure breeder Bonnet weather The weather bureau said ship for the prayers and messages of concern Mrs Harvey mother of boys 11 and 8 said our men have been lost performing the duty they chose and their way of life in the service of their country and dedicating their ef cessful Algerian near death from shot jor feature of the substitute plan sponsored by Rep Lcroy Peter sen RGrimes Hughes said the adjusted gross income tax proposal had been amended to remove somc of the stigma from it but he still was not sure whether iti would be acceptable to him The governor said it appeared the liquorbythedrink issue could be settled swiftly when ever the House decides to act on it Hughes said he was im jpressed by the fairness shown by House speaker Robert FiveDay Iowa Temperatures will average 2 to 5 degrees below normal through next Wednesday Normal highs are from the upper 50s northeast to the lower 60s southwest Normal lows are from the middle 30s north to around 40 degrees south It will be warmer Saturday and Sunday turning cooler again Tuesday North Iowa Clearing and cooler Friday night lows 26 32 Fair and warmer Satur day highs in the 50s Iowa Fair Friday night and Saturday Lows Friday night upper 20s northwest to 30s elsewhere Highs Saturday 50s north o 60s south Fur ther outlook Mostly fair and warmer Easter Sunday Minnesota Fair and warmer Saturday highs 5265 GlobeGazette weather data up to 8 am Friday Maximum 55 Minimum 37 At 8 am 41 Sunrise Sunset YEAR AGO Maximum 43 Minimum 31 HOT SEAT YONKERS NY UPI jNaden RWcbstcr City on the fire truck answering an alarm ALGIERS AP Mohammed Thursday found another Firc rnvujiiixo iUUIUimmiKl IUIIKI in iforts to our objectives of peace Algerian foreign minis Nadcn is considered under its own front seat Mrc iree ler lav ncar deaUl Sur a dry he has agreed to a full men put out the blazin truck Hie rsnvy Us flacs ordered gcons sak lhcy no rcmovcainng of the liquor measure on fire and proceeded to the other i muns saui i Friday warmer temperatures jflown at half mast until sunset ul ssassins and clear skies could be pected on the Easter week end The sun will shine and temperatures for Sunday are expected to climb into the 60s throughout North Iowa trying to learn what happened to the Thresher which had been the fastest and deepest diving mem ber of its fleet of nuclear submarines od Jt condition im the House floor tfirc jhis proved The minister has been in a coma in an oxygen tent since a young Moslem shot him Thursday The attack occurred in front of the National Assembly Khcmisti 33 was kept alive with transfusions but top French brain surgeons summoned here said his condition was too grave to permit removal of the bullet which passed through his cheek nmi stuck in the skull touching the brain Hopes high that JFK plea saved struggle over steel prices WASHINGTON APPresidentcffcrt an offer of compromise Kennedys conciliatory pica for The government cannot object to restraint in price advances raised yetcctCtl Pricc adjustments up or hopes Friday that another in lo Vc i on the AFICIO Prepare report on free care DES MOINES State Board of Regents will take anoth cr look at apolicy which permits University Hospitals at Iowa Citv srain l Jnoe nished to pncej be have to provide free or discount servievc the f selective price eased the way for a wage increase ice to state inrlurtinincrcase vhich not this spring Thc union can call for producer pledged its support Stcelworkers But labor experts iC Presidents plea for resay that by to some none rushed to xst Price adjustments he may have oppose wage talks nftor April SO legislators The matter was dis1 cussed nt the board meeting here1 In a terse announcement the There was widespread specula Thursday as a result of criticism dominant producer United States tion in Conress and amorx Harold who Steel Corp said it is making a administration officials thru Ken asked a report on it from the continuing study of stool price cdy had taken quiet regents and Dr Virgil Handier matters and wilt have no satisfied him that thc tcel EASTER Hall daughter of Mr and Mrs Karl Hall Mason City appeared in a mixed so the answer may ho to start with life insurance then con r nrlay on the Today television show in tidcr securities possibly Rockefeller Center York City Members of the through mutual funds for diver sification quartet from left are Donald Gramm bass Charles numy rosier snow vuss nan is in me cr Bressler tenor Miss Hall alto and Betiy Wilson Broadway production Sound ol Music Photofax soprano At extreme left are Hugh Downs host of the Today show anil Pat Fontaine a copanelist on the show Quartet is part of the Kraines Baroque Ensemble were brought together to do a Good Friday Easier show Miss Hall is in thc chorus of the Lmversity of Iowa president On the inside Editorials 4 Clear Lake News 5 Mason City News 6 North towa News 8 Sports 1112 TV Section 1314 Society News 1516 Comics 17 ment until after Kastor The President deeiarvd his stand Thursday two days after j Wheeling Stool Corp posted in or six steel products and thereby rai reenactment gle ot mass managements broad ui ttaiiorary price which might in turn pro voke ml demands To market surgcxi up and ised the threat of n liHx several steel issues hit highs ent of last years strug investors appar ntiy either thought Kennedy hu1 the steelmakers a license to Kennedys statement had an elego for rriee Kvsti or mem of warning lie will again more probably felt he had heaoed opjxw any general acrossthe off another struggle with twU increase It also in steel corvratknis ;