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  • Location: Mason City, Iowa
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View Sample Pages : Mason City Globe Gazette, February 06, 1962

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Mason City Globe-Gazette (Newspaper) - February 6, 1962, Mason City, Iowa North Iowas Daily Newspaper Edited for the Home O ON CITY GLOBEGAZETTE The newsnnnpr t k n KM L i i M i i VOL 100 Associated Press and United Press International Full LcaSe newspaper that makes all North lowans MASON CITY IOWA TUESDAY FEBRUARY 6 1962 RichYes more than you think A will is good advice By SAM DAWSON AP Business News Analyst NEW YORK one comforting thought today in a world beset by problems You are richer than you think The thought is put forth by a Chicago banker who is president of the Trust Division of the American Bankers Association now holding its annual midwinter trust conference here He is Thomas H Beacom a senior vice president of the First National Bank of Chicago He doubts if you really know how much youre worth nor how much youd be worth dead As a banker he naturally thinks you should find out right away Most peopfe are so close to what they own they fail to realize how well off they are Beacom holds Many even are inclined to think their bank books are all there is to their estates He cites as an example a man who may have in savings at the local bank or in US Sav ings Bonds and feel hes worth very little indeed But the man owns his own home probably worth life insurance val ued at 20000 a car that may bring if sold That adds up to right there But Beacom says that isnt all Furniture household appli ances jewelry objects dart and even personal clothing should be that most people somehow rarely consider part of their wealth n e i g h b o r s 7c a CofooThis Papcr of Two sectionsSection No IM Two men previously accused of car theft failed to appear for ar raignment in District Court here on those charges Monday and as a consequence were being sought Tuesday on charges of bank rob bery Warrants charging entering a bank with intent to rob have seda pon upon m Tokyo Japan Ken by at the university that prevented President Japan Kennedys run into ers in Japan TOKYO AP Thousands of v ui The moral Because too fewjstudents at Tokyos WasedaUni L versity gave Robert F Kennedy a roaring cheering welcome Tues day but shouting jeering leftists broke up a speech by the US attorney general It was the first hostility Kennedy has met on his visit to Japan realize how much theyre worth too many die without leaving a will Beacom adds that worse yet three out of ten wills in exis tence are outmoded or were drawn up without benefit of estate planning Without awill the state steps in to dispose of your property perhaps in a way you wouldnt approve and certainly with legal fees and papers that eat into the total So check up now and see how much youre really worth Bea xom advises He says estates of and more have increased in number 300 per cent since 1944 And estates of that size are large enough to put you into the arms lowan wounded by intruder CEDAR RAPIDS Marx 41 was shot and wounded Monday night by ah intruder in his car police said Marx told police a man was in e Hm JUU iiuu tije arms Jis car when he prepared to drive of the inheritance tax collector to at tne Collins Radio plant te Wm to First make ahousehold inven tory room by room Services of a professional appraiser may be a worthwhile investment Such a list helps not only in making a ti i It was estimated the hecklers totaled fewer than 100 US Am bassador Edwin 0 Reischauer said they were a small group of bardcore Communists and I dont believe they were from Wa seda Kennedy and his wife Ethel stood calmly on the university stage despite the pandemonium then left the auditorium building through a rear door Mrs Ken nedy was hit in the stomach by a gesticulating cheerleader trying to drown out the hecklers but she quickly recovered her com posure I think the vast majority of thestudents were friendly the Presidents brother said later NO SECRET TO BLISS PHILADELPHIA John Worthington 91 and his wife News in a nutshell FROM OUR WIRE SERVICES Plot against Nikita denied Soviet Foreign Office press spokesman branded as a provocative rumor without any foundation at all a story current in Moscow that an attempt had been made to assassinate Pre mier Khrushchev Stock market probe widened government is investigat jnff manipulation of stock market prices 41 u publicly but also in estimating how much fire and casualty insurance you should own or in offering quick evidence in case of loss or fire Second find out your net worth by measuring your assets against1 your liabilities Assets include everything you own including the cash value of your life insurance Liabilities include the home mort gage or other real estate mort gages or liens car loan money due on furniture and appliances personal loan balances and loans against life insurance open ac counts and current bills unpaid Subtract the liabilities from your total assets The result is your net worth alive Next figure your worth dead I Publicity Subtract the cash value of your ownecl corporations life insurance from your net worth and then add the face value of your policies Beacom suggests you then talk to your local banker if you want help in planning an estate or per haps in setting up a trust fund to be managed for you or your heirs by a professional Finally make a will and keep it up to date Go to a qualified lawyer if you want to be sure of avoiding any technical error that could lead a court to invalidate or misinterpret a will you might try to write yourself Remember Youre worth more than you may think so be careful On the inside Editorials Page 4 Clear Lake News S Mason City News Latest Markets 7 Society News Sports 1112 Comics Farm News 17 Transit Schedule 18 North Iowa News20 w a LIU ma Wlic drive to another part of towniLousia 87 celebrated their scuffled with his assail67th wedding anniversary Tues day Worihington obser v e d Weve got a good life I dont have any secrets for our happy marriage It just happened Im just sorry we didnt get more of a chance to exchange ideas Id like to go back Thousands of studentsswarmed about Kennedys car drove into the university grpunds to cheers of Kennedy Kennedy and cries of Shake my hand The American visitor was lit erally carried up the steps of the building Police and university se curity officials finally managed to get the disheveled Kennedy in side but he turned and waved out the door shouting thank you1 A thunderous cheer went up from the students The auditorium was packed with about 6000 students As Ken nedy waited to begin his speech a disturbance broke out in the Eront rows and several youths tried to climb on the stage Small knots of strategically located abt Marx said the man fired two shots at him one hitting him in the groin the other grazing his head ratic strong broke out but jeering snouting One is Mason Cityan m hold been issued against Thomasjher at gun point Saturday noon Gene Rasmussen 30 Mason CiiyJand took the bank and Kenneth James Truesdell 31 P Waterloo The two were tentatively identi fied from their pictures by Freda Rethamel manager of the Rock Falls branch of the American State Bank as me men who held David Butler Cerro Gonto County Attorney said where U1IU AJ UCOUtll WCl Cf abouts of the two is unknown but arrested last Sept 9 in connec peace officers throughout the Midwest have been alerted A W Sheriff Jerry Allen broadcast the used car lot Jackie H Williams alarm by radio and Mason Citi Submits school aid plan WASHINGTON R Presi dent Kennedy told Congress Tuesday a crisis in American schooling makes it imperative that a fiveyear S57 billion aid 0 education program be enacted this yearHe asked no help for church and private elementary and highschools It was this exclusion of paro chial schools that stalledthe aid for classroom construction and teachers salaries program last year in a congressional row over help for church schools But a Roman Catho lic said again Tuesday in a spe cial message that hisprogram offers the maximum scope permitted by our Constitution He contends federal outlays foi church schools would violate th constitutional concept of separa tion of church Kennedys program of federal loans grants and scholarships at every level of learning would cost billion in the fiscal year beginning July l He said the outlay would be the most profitable investment society can make As if to refute reports that his administration would be willing to forego funds for aid ing public school construction and higher teachers pay the President put that contested measure at the top of his list Next came aid for college construction and scholarships which are a better chance lUCmcu cut givtn a utfLLcl Cliancc young people set up cries of of becoming law Third was an Kennedy go home Kennedy off arrav special education the platform Cuba Okinawa and training programs with em Most of the students kept quiet phasis on more for and the attorney general plunged scence and engineering medi resolutely into his speech review and training and a mg his brothers policies When on adult illiteracy he said he would discuss the rewhetner Tuesdays urgent ponsibilities of living in a demo w gwe the stalled rratic stromr annbiKP salary and construction bill a fresh start was doubtful Few give itudents in the rear of the hall glve bil1 frowned out the rpf nf vo chance even if revived But drowned out the rest of his re marks A college cheerleader jumped to the stage and got students to singing the university song The eftists collected in the back of he hall and the Communist in ternational mingled w h the school song The cheerleader then led the students in school cheers From he back the hecklers continued i jeering heapi and climbed on top of them shouting Go home Leave the platform Cuba The Zengakuren leftist students group said representatives from 30 of its chapters were at the Anniversary for Queen The second decade of the new Eliza bethaa era began with artillery and flag salutes to w 01 lls cnaPlcrs wpre at the Queen Elizabeth II and toasts in the pubs to a lontr to ask questions of and happy reign for the 35yearold monarch Kennedy and mesent notitinnc Crash blamed on crew The Civil Aeronautics Board blamed the deaths of 74 army recruits in the crash of a nonscheduled airliner at Richmond Va last November on a crew that lacked coordination judg ment and knowledge of the plane it was flying The unusually speedy report on the accident involving an Imperial Airlines Constellation also was sharolv critical of the company v Would have killed TV show WASHINGTONA television network president says that on second thought he should have canceled the show m which teenage singer Fabian portrayed a psychopathic killer Oliver Treyz president of the American Broadcasting Co television network told the federal Communications Commission orders have been given not to rerun the controversial epi sode of the Bus Stop series which appeared last Dec d Kennedy and present The Zengakuren organization led the 1960 riots that resulted in cancellation of President Dwight D Eisenhowers visit to Japan A Marine Corps helicopter was stationed about three miles away for use if it had been necessary to move the Kennedy party out by air Ambassador Reischauer said he thought the incident would back fire on the agitators Kennedy spoke out strongly for vigorous government help in the past year our crucial needs have intensified and our defic iencies have grown more criti cal he said It is imperative that such a proposal carrying out these ob jectives be enacted this ses sion Mercury hits 10 Trend to remain The mercury skidded below zero across most of Iowa early Tues day as icy northerly winds whipped the state Mason City had a low of 11 below zero Boone Cedar Rapids and Waterloo had lows of 8 below and Spencers low was 7 below Other lows ranged up to zero at Council Bluffs and Burlington The Weather Bureau said the cold wave would continue in Iowa through Wednesday Highs Tuesday afternoon were expected to range from 5 to 10 in the northeast to 15 to 20 in the southwest Lows Tuesday night of around 5 below in the northeast to 10 above in the soXithwcst were fore THOMAS RASMUSSEN KENNETH TRUESDELL North Iowa Generally fair through Wednesday Contin ued cold Tuesday night lows 510 below Windy and warm er Wednesday highs near 20 1 o w a Generally fair through Wednesday Continued cold Tuesday night lows near 5 below northeast to 510 above southwest Windy and warm er Wednesday highs near 20 northeast to the 30s southwest Further outlook Partly cloudy and turning colder Thursday Minnesota Continued fair and cold Highs Wednesday near 15 GlobeGazette Weather Data up to 8 am Tuesday Maximum 9 Minimum u Court upholds murder charge DES MOINES low Supreme Court Tuesday uphek he first degree murder conviction of Charles Noel Brown Brown 29 of Minneapolis and Bedford Ind is awaiting execu tion at the State Penitentiary He was convicted by a District Court jury at Council Bluffs last April in the fatal shooting of Al vin Koehrsen 54 Walnut at Coun cil Bluffs last February Browns companion Charles Keltey 21 of Minneapolis plead ed guilty to the same charge in District Court at Glemvood and also was sentenced to hang ISLAND FLOODED MANILA Philippines tfi Floods have driven 128000 Filipinos from their homes on Mindanao Island in the past 10 days and the water is still ris ng in some areas cast Top readings SAME DATEmi44 Monday varied from 10 at Spencer to 22 at Bur lington The Weather Bureau said south erly winds will warm the stale Thursday iplice and the FBI also are as isting in the continuing investi gation Butler said Rasmussen and Truesdell were ion with the theft of a car from he Sedars PontiacCadillac Co in UNDERGROUND SEIZES a copy of the special edition of LEcho dOran in Oran Algeria after theEuropean secret army of former French Gen Raoul Salan seized the news paper Banner headline across top of the page savs Special Edition of the OAS LArmee A twocolumn block of white letters on black background declares The OAS Will Win A huge portrait of Salan is at the upper part ol the page A portrait of exGen Edmond Jouhaud is at the left with text of his antiDe Gaulle speech delivered m his pirate broadcast over Radio Oran Monday night 1 1512 Hampshire SE arrested vith them at the time pleaded uilty immediately and was sen enced to ip years in the re ormatory and then paroled from he bench Rasmussen was bound over to District Court under bond m the car theft charge and an idditional on a charge of arrying a concealed weapon His mother Mrs Harvey Rasmussen 303 Massachusetts NE pledged ler home to guarantee the bond hat bond and Truesdells ond provided by a professional ondsman both were forfeited vhen the two failed to appear in urt Monday Butler said the two may raveling in a black over maroon L954 DeSoto with Minnesota li cense 6B5925 They may be ac companied by a woman he added The two who robbed the Rock Falls bank at 11 am Saturday escaped in a car stolen from the Mason City Lumber Co It was parked beside the office there with the key in the ignition Li cense numbers of that car were noted as the two left the bank but they abandoned that car a few minutes later four miles west of Rock Falls Both Rasmussen and Truesdell have previous police records was arrested here n 1948 for auto theft and sent to he Boys Training School at EJ dora Released later that year was arrested again for auto heft and sentenced to 10 years n the State Mens Reformatory it Anamosa Released later on parole vas returned to Anamosa in 1952 or parole violation In July 1954 le was charged here with break ng and entering and was sen enced to 10 years in the State Denitentiary at Fort Madison He vas discharged in 1959 Truesdell also was sent to EI lora in 1945 for a series of of enses Later the same year he vas arrested in Marshalltown and harged with breaking and enter ng and escape the training chool In 1951 he was charged Waterloo with breaking and ntering and sent to the Tama bounty Jail for one year In 1952 he was arrested atWa erlop for larceny in the night me and sentenced to 10 years in he Anamosa reformatory He ras paroled in 1954 and the same ear was arrested at Freeport II for auto larceny He was sen inced to three years in the Fed ral Penitentiary at Leavenworfh Kan but was given his condi tional release in 1957 He was re turned later as a parole violator and finished his term in 1960 He was charged last year at Water loo with child desertion Son saved mother leaps out window CEDAR FALLS fa ther rescued his fouryearold son from their flaming frame home near here Tuesday mo ments after his ailing wife leaped to safety from a window The family escaped after fire raced through their home in the North Cedar area just outside the city limits here Authorities said Mrs Jake Stickfort 33 bedridden with the flu on her birthday escaped from the burning home by leap ing from a window after flames blocked the stairway and front door Her husband who was in the barn milking when he heard his wifes screams ran to her aid after she jumped He then broke a window and went inside to rescue their fouryearold son Mrs Stickfort suffered a cut wrist when she broke the glass to leap and other cuts and bruises in the fall I ;