Page 1 of Dec 30 1958 Issue of Mount Pleasant News in Mount Pleasant, Iowa

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Mount Pleasant News (Newspaper) - December 30, 1958, Mount Pleasant, Iowa The it. Pleasant news Babson sees the year ahead As a not too Good and again a not too bad vol. 80, no. In copyright 1958 publishers i in 1958 buy Only callable Mancial Bureau. Incorporated a smal Bonds or 1,0,1 18 of reason Quot a ably Short maturities. 17. The Supply of non taxable state municipal. And Revenue Bonds will increase during 1959. This will be due both to less read both Hie Boom and the recent re cession will be awaiting developments following the recent Novena incorporated Babson a business and financial forecast for 1959 is Given Here in full i i not too Good and not too bad Ber elections. 2. 1959 will be a a do nothing Quot year for Congress. Both parties will hold their cards close to their i chests until i960, the republicans will want Good business. Most democrats will vote for most of the inflationary legislation but Only a few of these congressmen will vote for such legislation Over the president s veto. The democrats will be in a dilemma. In their hearts they will not want Good business in 1960 but they must be very careful not to do anything which could be held against them in 1960. Every act of Rockefeller s and of other leading presidential candidates of both parties will be carefully scrutinized to Analyse their vote getting possibilities for 1960 we will comment on these possibilities in our forecast for i960 a year from now. 3 so Long As Russia is fearful of China a loyalty she will not intentionally Start a shooting War. I Hope that Chiang Kai Shek will come to his senses so that China will become an ally of the United states. Marshall surely bet on the a wrong horse Quot when he made his report to Truman. 4 our National budget will show a heavy deficit in 1959. This and other factors should cause a continued gradual although not dangerous. Inflation. A. Serious Competition will continue at All Levels in 1959. Manufacturers. Merchants and others who reduce advertising and other wiling appropriations will surely suffer. 6 despite Competition the profits squeeze will be eased for Many concerns by strenuous Cost cutting programs and improving business. 7 More foreign goods will enter urn United states during 1959 tilts especially applies to German. Italian japanese and russian Good 8 new cargo ships built in Japan England. Germany. Norway. Sweden and Italy will be launched in 1959. This should result in most american built and Ameri can reglus ered ships operating at a loss. More subsidies w Iii be Mandod. Ill available credit and to rising nerds of municipalities. 18. The a Fly in the ointment Quot will be the uncertainty of the Federal policy regarding the new $30,000,-ooo.ooo Road building program. Will it compote with or protect toll roads recently built i believe this program will not harm outstand Jing Turnpike Bonds. To. Many investors will switch from stocks into Bonds in 1959. Thus obtaining both higher income my better Security. 20. As inflation becomes More serious. Only Short term Bond issues a other than convertible Bonds a should be held to maturity Bonds should no longer be considered Good a permanent Quot investments unless they Are nontaxable or convertible on a reasonable basis. 21 the Best investment policy during 1959 will continue to be a Well diversified portfolio of stocks Short term Bonds and Cash. Every conservative investor will keep one third of his portfolio liquid to have funds available in Case of a sudden very severe drop in the Stock Market. This will come some Day. 22. As the 1958 Congress has not it. Pleasant Iowa ties Day evening dec. 30, 1958 in rebels Iii daring raid Havana. Cuba up cuban rebels struck into the heart of Havana province today with a daring raid on an explosives depot m w Inch they dynamited the seize two new kiwanis . Teachers1 10� ,ns<a0 1 in Havana by Carrier of per reek by duh 87.58 per year huge stores of ammunition could not carry away r h e raid on privately owned explosives depot i Uuna Uncao Ai in. S the Bay from Havana followed r e b c i claims to have smashed government forces i ii Central and Eastern Cuba. The re be la were boasting they were a at the doors of on eminent sources disputed a weeping rebel claims but and i milled there War new Orleans up nationalist policemen s officers of the kiwanis club for i the coming year were installed by ii lie lieutenant governor elect of i the division or. F. V Coles Al the meeting monday evening cuban i the new officers Are president Orni re dents t Jones vice presidents. Mother two sons victims of shootings Lulf v aboard an american air plane at John Carter and Roger Calor Havana a i r p o r i monday and seized two Kentucky school teachers homeward bound after a Caribbean vacation passengers on Hie plane said Secretary George Means treasurer or Max Deal directors one year term. William Hoaglun c r Memnon Harlan Painter and or Raymond flanks two year term. The two seized men had been Dis Orville Al Lerler vote Boshart cussing the cuban revolution in f Harold Kindler and Alan Ai Elgar the Havana Airport shortly before. Marvin Hunting and Eddie mean the incident and that a. Cully Hie reason for the the state department i Tea v j fighting i cd ult. A s. Embassy in present election petition number of signatures asking for a special election has been filed with mayor Wade Mcbeth the petition which asks that councilmen be elected for a four year term Vav is circulated by the league of women voters and was Presente i to the mayor by mrs Edd Bowers and mrs. Paul Mechling right it on behalf of the league. St # $ so is a mayor sets february Ioas Date for special election Lionial Hie Cit of Santa Clara in 110 inquire into the ease a i nil. Nim where the refills i the teachers were identified a Nave claimed Brajot successes la j James r c 1 a 38, and let Arry f. Street lighting Brantley 22, Xith faculty Mem Bers of Waggoner High school Louisville by. Brantley a father said his son and Reid went to Jamaica for a Holiday vacation. A Al a r i y line no interest in cuban polities beyond what he read in the paper like anybody else a he said. A the was just travelling through Elma Sebastian one of three stewardesses on the plane said the police stormed aboard the Craft and seized the men before a he realized what a happening. Appear Weir guests. Arrest announcement was made of h instruct divisional meeting at Keokuk on 12 it while Hie Illinois will speak. Havana i Jan i Eastern District liberals pick sen. John Cooper february to has been set As tar Date for a special election in it accomplished More in correcting peasant mayor Wade Mcbeth said abuses in the teamsters Union the 1959 Congress will do Little to improve the labor situation. Therefore invest in companies which will not be subject to stakes. Banks and utilities probably Are Hie most j of Tlle present two year terms nearly immune. Tuesday the election will give voters Opportunity to decide whether All elective municipal officers shall be elected to four year terms instead to Greet new year 23. The Taft Hartley act will not be amended nor will labors exemption from anti monopoly Laws be removed until after the 1960 election. Labor leaders will get More and More Power until with Russia s help they bring on a real depression. 24 due to unemployment and the difficulty of borrowing funds for installing automation automatic factories Tho machinery Industry will continue quiet during 1959 tile election is being called following the presentation of a petition bearing the required number of signatures asking the mayor to Call for the vote. Many local persons will celebrate new years eve with the traditional parties Many of them private and others at various clubs the it pleasant Golf and country club will have a gala party i Washington up Liberal Senate republicans today picked sen. John s. Cooper Kyas their i dilate for gop floor Leader in i Rii in Uphill Battle to prevent sen. Everett m Dukson 1111 from winning the Post. The liberals also nominated sen Thomas h Kuchel a Calif As their candidate for party whip. Sen George Aiken it it a told newsmen the Liberal republicans believe both candidates a have an excellent Chance to win Quot however an informal poll it Senate republicans indicated that Dirk in. Who served As party whip in the last Congress was Well out in front in the Battle for the floor Leader Post let vacant by the re tin men of sen. William f. Know land a Calif it Ike to deliver state of Union message Jan. 9 the formal wording of the pro with the top hatters of burling position is As follows a shall the proposition to change the duration of Hie terms of office of All elective municipal officers of the City of mount pleasant. Henry county Iowa from two year <2 yrs terms to four year 4-yr.� terms be adopted9&Quot members of the league of women voters Are taking a special in ton furnishing the music. The ., american legion and Moose clubs will also have parties with the Lite Trio playing at the And the legion having free Juke Box music and the organelles appearing at the Moose Lodge. The farm Bureau Young people will see the old year out and the 25. I now see no probability no est in the ejection. They obtained new year in at a dance at the Tjin t either wages or retail prices will be a fixed Quot during 1959 unless Russia threatens world War the. 26. Most wage workers will be More efficient during 1959, which de a should enable some managements to increase their productivity and student Center. Profits. 9 failures May not increase Dur j 27 executives will attend More ing 1959. Some big corporations strictly business during 1959, now listed Iii the Dow Jones av-1 reducing time spent on luncheon Bernges May get in financial diff clubs Golf Etc. Bullies. Too the petition signatures and have indicated that they will serve a election judges and clerks without charge to the City. Voting places will be the Public Library for Ward i West room of j insurance plan savings and loan Cape Cana v e la a a flu tor Ward 2 City Hall for Ward j up the Navy s Polaris mis u. S. Advances loan to Argentina Gettysburg a. Up the win e House announced today that president Eisenhower will deliver his state of the Union message in person to a joint session of Congress on Jan. 9. The document will be a broadly Bast d review of world and National affairs and will be followed later by special messages on specific Domestic problems. Second stage of missile destroyed and courthouse for Ward 4 10. Federal Cost of i veg figures i 28 Good building land on the will be disputed in 1959. Labor proper Side of growing cities will rates and wages which have been continue to increase in Price nuttier to the Federal tables will i withstanding a decline in suburban let a disputed by Bot i labor and i building. Small Farmers holding management. I such land should not now sell. 11. On the basis of the above 29. Small farms without any statements i forecast on the j suburban possibilities May Well average no wide change in 1959. Consider Selling to adjoining farm for commodity prices. The recent ors if offered a fair Price in 1959. Recession is not Over. Russia is 30. Large commercial farms with still fighting us with an economic latest machinery should Prosper War i during 1959 but Small banners 12 there w ill be More strikes j May not do so w Ell. And labor troubles in 1959 than 31. Pending a serious War. There in 1958 due to fear of unfavourable will be no Radical change in the 12-ounce baby Dies today Chicago it Upit twelve ounce i Gloria Hanses died today in her i third Day. A spokesman at swedish covenant Hospital said at 1 40 p. N that the tiny girl who measured Only to inches a expired within the past half Gloria died even As Hopes Foi her survival Rose. Doctors h a cd succeeded in getting nourishment into her tiny body for the firs time overcoming a major Obsta she designed to be fired from i submerged submarines rocketed i off to a Clear Florida sky today i but the second stage had to be i destroyed after about 1 minutes i when it veered from its planned course. Iowa temperature dips to 6 below Washington up a the United slates today threw its financial support behind a bold program to put Argentina on its economic feet. The u. 6 government the International monetary fund and la private Banks advanced 329 million dollars in credits to help the latin american nation the Loans were viewed in Washington As a vote of Confidence in the new austerity program announced by Argentine president Arturo Frondizi to Speed his country a economic recovery. Under the Belt tightening measures Frondizi abolished the double Exchange rate for the Argentine peso moved to eliminate the budget deficits and initiated Steps to remove All direct controls on Trade enters guilty plea to Omvik Brace for Long new year s Holiday in. Urn authorities braced for Hie Long new years Holiday today hoping to hold the traffic toll below the nearly 600 fatalities chalked up during the Long Christmas weekend. A final United press International count allowed traffic killed 599 persons during the 102-hour Christmas Holiday. The toll fell below the 620 deaths estimated by the National safety Council and was Well under the Christmas Holiday death record of 712 set in 1956, Seoul executive Speaks at rotary Earl ring scout executive of this area was the guest speaker at the monday night meeting of the rotary club held at the Braz Elton hotel or. Ring who came to Burlington from Colorado seven months ago. Told the group that scouting has a bigger Challenge today than Ever before. Die youth of our country have More free time with less planning than they have Ever had he said that scouting is a time consuming Opportunity for boys to work and play together. Scouting in this Council last year Cost $1190 per boy and next your the Outlook is for an even lower figure the speaker said. Orville Nesbitt who introduced the speaker said that it has been the goal of the Council to exceed 3,000 boys and that since or. Ring took Over As executive the number of boys in scouting has gone up to 3.400 guests at the meeting were Warner Russell scout Council president and Floyd Woollis formerly of it. Pleasant now of puerto Rico. Or ring is a member of Hie Burlington rotary club. Farmersville. Ii up a Mother and two of her sons were discovered shot to death in their farm Home Beds today and two shotguns were found lying on the floor along Side the Mother Montgomery c o n n i y sheriff Harold Whitten identified the Vuk urns As mrs Ann Beierman. I and her onto 13, and Jam it 9. Or Aid he had no idea vet a a did the shooting. But he Aid it did appear that the House a t Bern broken into and there w a s no sign of a struggle. Whitten said the bodies or i by a ii o t h r r son Charles when he returned Home Early today from a Date in Springfield another son. William lives in Springfield. Whitten said the sheriffs off we was notified of the deaths by the husband and father Cletus when he returned Home from working the night shift at the Crown mine at Farmersville. Whitten said the Mother w Ashot in the forehead and the two boys in the head. He said it appeared ail were shot at close Range. Changes in . Jan. I cold weather Story wins award by him temperatures dropped below Zero in Northwestern Iowa Early today for the first sub Zero readings m the state since before Christmas. The Mercury dropped to six be Earl f. Locke. New London pleaded guilty in District court tuesday to a county attorney s information charging Locke with operating a motor vehicle while he was intoxicated. Sentencing a set for Jan 5 fall . Burlington wit. Up the Way iou Powers tells about it Hie weather got so cold at Ortonville Minn., last Winter Liat ii won him a prize. There was this Tea Kettle full of boiling water Lou said. Hie weather was so cold that it froze the water so fast the ice was still w . When he opened the door and Washington up a a boost in social Security taxes will reduce take Home pay of about 57 million Jobholder starting thursday. About four million employers also will be hit by higher taxes employers must match Penny for Purily the contributions of employees covered by the social Security system. Tile tax increase will bring close to one billion dollars in added Revenue into the social Security fund next year. This will More than pay for the seven per cent increase in monthly Cheeks which the 12.500,000 persons on the Benefit Rolls will receive starting in Early february. The changes in the program enacted by Congress last summer will Washington up a some improve the actuarial soundness of House democrats said today speak-1 the social Security fund. For two or Sam Rayburn May have doomed years the fund has paid out More a drive to deny democratic ret Ogin benefits than it has collected la nation to rep elect Dale Alford tuxes. But the fund wont be oper the Little Rock segregation 1st rating in the Black again until 1960 Rayburn was disclosed monday to when a second tax boost goes into have warned a sponsor of the anti effect. Alford move that it would be a a major operations to bar Alford from the party if he presented himself As a Democrat. Rep. Lee Metcalf a Mont said he interpreted Rayburn a remarks in a letter to John a. Blatnik Ltd Minn As meaning a a done to try it Fellows action against Alford doomed will usher Alaska into Union Gettysburg a up a president Eisenhower plans to kicked out the family eat for the j usher Alaska formally into the in labor legislation and poor business conditions labor leaders were on their g xxi behaviour in 1958. 13 it is now difficult to forecast the unemployment situation for 1959 owing to the increase of automation working forces will government s farm policy during 1959. 32. With less fear of serious War the real estate situation in the larger cities May improve but municipal taxes will increase. 33. Some suburban houses now Low at Sibley and four below at j clo Iii thud struggle to keep aglow i Spincer. Hie Low readings ranged 1 the flick Imp spark of life. 1 up to 2i at Burlington i he Low in j ships from 3 wltz6rldr cd Continuo to be Cut. Looking ahead of lied by w Ell paid executives will to the elections of i960, manufacturers. Who Are mostly republicans. Will want no More serious unemployment to occur 14 Many plans for expansion of plants were postponed during 1958 for fear of a real depression some of these plans will be executed in 1959, although on a More moderate scale. Come on the Market in 1959, due to loss of positions or moves to other sections of the country. 34 real estate mortgage Money will be tighter in 1959 than in 1958 furthermore due to inflation. It. Will be Worth less when due. 35. The demand for motels is largely satisfied but there will be an increasing demand for very modern apartment houses a but Gloria a chances of survival were never better than slim and the overwhelming Odds caught up with her. Site was born 3 months prematurely. Only a few hours before ii e i death a 22-year-old school teacher who also weighed 12 ounces at birth visited the child smother. The Holder of the a tiniest baby record is miss Jacqueline Benson who now weighs 110 pounds. It. Pleasant was 18. Atlas May be seen Early wednesday thieves take $1,200 from Bank information from Cambridge. Mass tuesday indicated that Southeast iowans May hav Opportunity to see the Pullman car j Atlas Early wednesday the Southwest to Northwest passage from 6 47 to 6 58 wednesday May be visible in the area. To erect 600 experimental signs to attend Iowa Wesleyan Gorda fat or of Geneva Switzerland arrived in it pleasant dec 21 from there and is staying in the Home of mrs Clarence Van Tuyl. Miss has had two years of University work in Geneva and has come to it. Pleasant to attend Iowa Wesleyan the second semester . Plans two satellites a month night he froze his foot. Powers Story won the 29th annual Burlington liars club award today for the Best tall tale of 1958. New lease on life for Atlas Ion As the 49th state later this week. With the formal proclamation of alaskan statehood will come an executive order setting Forth the design of the new 49-Star american Flag which will go into use next july 4 Washington up Ca s at its satellite today new lease on life. I ii e defense department announced the Pullman car sized at elite will orbit the Earth 45 Days Giorc than twice a As originally expected am i had a for Long 1959. There will be a need for continued economic readjustment in old houses of 1959 but the playing of politics by predate during both parties May temporarily Post i Pone it. I 36. Woodland will continue 15 1959 will not see any marked be in demand during 1959 change in Money rates. However especially applies now to borrowers who have not established Good credit will continue to find it difficult to get new funds in 1959. 16. This Means that it should Law More difficult on average to sell Long term Bonds in 1959 than Melvin. Iowa up police were trying to make up for lost i especially of the co operative Type. Time in their search today for Bur Ames Iowa up some 6 o 0 All kinds will de glans who broke into the Melvin experimental Pennant shaped in to savings band and Escapee $1,200. Police said the theft with this. Occurred either late sunday or Pine Early monday morning however which is used for the Best lumber j the theft was not discovered until and to Spruce which is used for i late monday. Pulp. Hold Woodland in 1959. I the Money was taken from a 37. More russian imports of pulpwood May be expected in 1959 but this should largely be offset by passing zone signs will be erected i along u. S. 30 . The s t a t e probably i from Clinton to Missouri Valle beginning wednesday the Low Highway commission announce today. The yellow and Black signs will be placed on the left Side of the Washington up the United states plan.-, to launch an average of two satellites a month in 1959 while at the same time forging ahead with ballistic missiles and other nuclear weapons to deter rus a from War marriage License issued heavy fire damage in Iowa town Robert Koch s missing Money not returned Man. Lune asked whether Robert Koch whose paper rout collections disappeared just before Christmas has found the Quot Money or has not one person did Call and asked him to come to Lier apartment. Unfortunately the youngest Koch son Dawd. Who answered the phone did not gel the name of Ungerson tailing if the person has the Money and will Call again it will to appreciated. Mrs. J. M. Schutz Dies in Michigan mrs. J m. Schutz former it. Pleasant resident died monday dec. 29, at Iron Mountain Mich where she had lived for a number of years. The funeral will be at Iron Mountain wednesday. She is survived by two daughters. Mrs. Fred Anderson of Iron Mountain mich., and mrs Walter Peterson of Kenosha win and by one son Ralph Schutz of St. Paul Minn a brother. J. R. Sponberg of Swedesburg and two Sisters mrs. Jennie Alvine of Olds and mrs. Albert Carlson of Claremont Calif., also survive. She was preceded in drat ii by Lier parents and by two Brothers. Charles Sponberg and Edd Spon Berg and by a sister mrs Selma Ruth what does an old Thresher do in Winter turn to Page 6 please a marriage License has been is desk drawer but the burglars Highway so motorists can set sued at the clerk s office in the were thwarted in their efforts to them sooner when they approach courthouse to Edward Frank Musset into the vault t o in Ben the yellow movement stripes of no i Feldt 41, Manning and Carol Ann Ware and Earlville joined with to passing zones Prince 25, Carroll. Cal firemen in fighting the fire. Delhi Iowa up a fire Early today destroyed a two Story Frame building in Ute downtown area Here causing an estimated $30,000 damage and threatening the entire downtown arca for a time. 1 a a a a an unidentified truck Driver who what does an old Thresher who Pas. Of through town about 2 30 has threshing equipment collecting a. In this morning noticed the fire As a Hobby do Iii the Winter time Sud sounded the alarm fire do payments from Hopkinton. Dacia the farm and Home Section of the mailings Down about la percent president of the Bank said. Christmas mailings that went through the cancelling machine at the local kist office were for a 14 Day period preceding Christmas than by the same period i year ago postmaster Wendell t. Smith has reported. The number a. Down about ill it or cent from a year ago the year the mailings from dec. To through the 23 totalled 190.460 a Chi it go hic number 214.881 the it i ii Fermi pc to 24,420 the reason for Hie decree is not easy to explain while general i Holiday business was greater than a he will be pictured in action in year ago according to estimates j the number of mailings declined. New on wednesday. Other county j higher postal rates May be a partial pictures will be included. I explanation wit. Stereo am be of Ceu Priddy /4& t thu amp a needed Foo

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