The sun. [volume] (Newberry, S.C.) 1937-1972, February 11, 1954, Image 3
THURSDAY, FEBRUARY 11, 1965
M
o
JUST WHAT DOES IT TAKE
TO BE RETIRED AND RICH?
TTERE IS a rich retired man,
reaching for his Golden Years
and worrying mightily that he
•won’t have enough money to
grasp them.
This seems to be the nature of
older men. The more they have,
the more they worry—and the
less they get.
“My wife and I are both 65,”
aays the rich man, “and we want
very much to —
month if the man becomes
ill at home.
This man can handle his dream
in several ways and still get it. In
fact, he could blow most of his
savings and be reasonably safe
with only his home and pension.
But a conservative plan would
allow him to change his mind
and splurge later on if he wished.
He should spend no more for
his retirement home than the net
1. Settle in the Southland, near he gets from his present home,
water; which probably will be about
2. Buy a home for under $12,000. That’s enough house for
$14,000; retirement.
3. Buy a new car before we go;, He should switch his $11,000
4. Buy a 16-foot runabout boat; into a savings & loan in the new
5. Buy a piano (both can play town where he will live, but
it); j make sure he gets at least a 4 per
cent return on it. Accounts are
insured only up to $10,000, so he
might split the money into two
accounts—one in his wife’s name
and one in his own.
He should consider a quality
second-hand car instead of a new
( one because he’ll have plenty of
Savings & loan account of time to tinker with it in retire-
$11,000. ment.
U.S. Government bonds worth He should leave his paid-up in-
$10,575. surance policies as is, for burial
A pension of $310 a month expenses or a nestegg. He should
for life for the man, and convert the $5,000 policy into a
$195 a month for life for paid-up nestegg or a monthly-pay
annuity, but in any c*\se into
something that will stop premium
payments now.
As for the income health pol
icy, why? This is more for the
working man than for the retired
one. He should by all means
continue the Blue Cross-Blue
Shield, or something equivalent.
6. Have enough left to live on
comfortably.
“Will our resources allow us to
do this?”
The answer is yes.
These are their resources:
A mortgage-free home ap
praised at $14,000.
the wife if he dies.
A $1,000 paid-up life insur
ance policy.
An $800 paid-up life insur
ance policy.
A $5,000 life insurance pol
icy with premiums payable
to 85.
Blue Cross and Blue Shield
for both man and wife.
A health-accident insurance
policy that will pay $100 a
New GOLDEN YEARS St-pmge booklet
bow ready. Send 50# in coin (no atampa).
to Dept. C3PS, Box 1672. Grand Central
Station, New York 17. N. Y.
COMMENTS ON MEN AND THINGS . . .
(Continued from page 2)
tor\ until there is no private sector or initiative left?
The great miracle about all the wonderful new things
that the government is going to do for us under the John
son administration is that they are not going to cost any
body anything. Instead of asking for an increase in taxes to
meet all his recommended increases in expenditures, the
President promises ‘a substantial cut in excise taxes’ so that
'more money will be left in the hands of the consumer.’ He
even assures us that the increased spending and tax cuts
will carry us ‘along the path toward a balanced budget.’
Once we cut the annoying connection between expenditures
and taxes, all other miracles become easy.
Mr. Johnson’s State of the Union speech is a perfect illus
tration of the French economist Bastiat’s definition more
than a century ago: ‘The State is the great fiction by which
everyone tries to live at the exepnse of everyone else.’ No
body will pay for the education of his own children, but
everybody will pay for the education of everybody else’s
children. Nobody will provide for his own old age, but every
body will provide for everybody else’s old age. No one will
pay his own medical bills, but everyone will pay everyone
else’s medical bills.
What is overlooked is that the government cannot pay
anything to anybody without ultimately taking the money
from someone else. All production, and all real income, must
come from some private initiative and private enterprise.
The government does not add to production; all it can do
is to change the particular goods or services produced. What
it encourages in one direction it must discourage in another.
Every subsidy or handout to A, B, or C must be paid for by
an added tax on M, N, or O (and probably on A, B, and C
THE NEWBERRY SUN, NEWBERRY, SOUTH CAROLINA
PAGE THREE
CROSSWORD PUZZLE
ACROSS
1-Boy
4. Letter
7. Part of a
window
8. Incite
10. Opera by
Verdi
11. At one time
12. Wheeler*
14. Lampreys
16. Arab
name
17. Source
of light
end heat
19. Preposition
20. Raise
22. Treeless
plains;
So. Am.
25, Opponent
27. Liquid
measure:
abbr.
28. A king's
residence
31. High
34. Farm
35. Lofty
mountain
37. Also
38. Kind oC
fish
41. The Gobi,
for one
43. Italian
coins
45. Frog
46. Spirit
lamp
47. Ostrich
like birds
48. Ever: poet.
49. Property;
L.
DOWN
1. Sheriff’s
officers
2. Wavy: Her.
3. Endures
4. Self
5. Solitary
6. Decorative
edging
7. City: Pa.
9. Kind of
river month
12. A buddy
13. To take
supper
15. Distress
signal
18. A constant
scolder
2L Little child
23. Cushion
24. Table
lands
26. Guido's
highest
note
28. Cone
of
thread
on a
spindle
29. Of the
LAST WEEKS
ANSWER ^
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aaaazia asaa
□an aaa
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anaaa aaaasa
■aaaii aaaa
•jaaa aansi
30. Old times
32. Noblemen
33. Home-
owners
plot
86. One of the
Apostles
39. Bird of
pray
40. Sea eagle
42. Indefinite
quantity
44. Play it
by
mwm
0
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Peg-Board walls, in addition to
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fixtures can offer.
Shown is a ten lamp crystal
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Crystal colors include ruby red,
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as well). Increased government expenditures, instead of
meeting more human needs, may meet fewer, because more
taxes tend to deter production more than government ex
penditures tend to increase it.
The great miracle is supposed to be brought about by def
icits. But deficits mean inflation, which is a disguised tax
that reduces the purchasing power of everybody’s money.
Our inflation has done that comparatively little in recent
years because so much of our increased money supply has
flowed abroad through a deficit in our balance of payments.
But this cumulative deficit has been undermining the
strength of the dollar. Once confidence in the dollar goes,
it will be impossible to measure the extent of national and
world calamity. Our first order of business is to see that
this does not happen.”
\
You’ll Need A
STEADY HAND HI ’65
Rough seas and bad weather can always show
up over the financial horizon. But put a good first
mate aboard your ship and you add a shoulder to
the wheel that can be mighty helpful.
Need a good man who can fill ail your require
ments? We would bice to apply for the position.
n\
»n
YOUR PRIVATE BANKERS'
1418 Main Street Phone 276-1422
AUDITOR’S 19(5 TAX
ASSESSMENT NOTICE
Returns of personal property, real property, new buildings
and real estate transfers, and poll tax are to be made at the
County Auditor's Office beginning:
January 2nd, 19(5
THROUGH
February 27th, 1965
All able-bodied male citizens between the ages of twenty-
one and sixty are liable to $1.00 poll tax.
-A.*. ___
All returns are to be made by Tax Districts. Your failure
to make return calls for penalty as prescribed by law.
RALPH B. BLACK,
Auditor Newberry County
this week's/^
patterns..})
^ 8T AUDtrriAMC "J-
Take Life Easy
FOR AND ABOUT TEENAGERS
By C. D*. Smith
Things Different After Army Service
ft
^i/i
3328'
Stuffed Animals
Dress Pattern No. 3328. Take Life Easy.
What bliss to have this cool, square
necked dress on tap for dog days; and
how convenient for air conditioning is the
easy little jacket. No. 3328 comes in sizes
MVs, 16'/,, 18'/,, 20'/,, 22'/,, 24'/,. Size
16'/, takes 5 yards of 35-inch fabric or 4
yards of 45-inch.
Needlework Pattern No. 585. Stuffed
Animals. The rabbit, cat and dog makos
wonderful stuffed animal toys for the
youngsters. Hot-iron transfer pattern No.
585 contains three motifs from 6 to 10
inches high with complete instructions.
Our 1964 Needlework Book contains
a fine selection of crochet, knit, em
broidery, quilts, etc./ and includes instruc
tions for four designs and also coupon
entitling you to any pattern of your choice,
free. Send 50 cents.
Send 35* for each dress pattern, 25f
far each needlework pattern (add for
each pattern for third class mailing and
10f for each p." tm for first class mail-
ingl to AUDRE M5 BUREAU, Box 1490,
York 7,
naV old
FRIENDS ACT 00
Too Young-
FoR ME, THINGS
SEEM DIFFERENT./
' @4
n* 1 '
THE WEEK’S LETTER: I re
cently returned home from Army
service and find that things have
changed. I joined the Army be
cause of problems at home. My
girlfriend knew about it, but re
sented the fact I joined just the
same. We wrote often while I was
in basic training and when I came
home on holidays I saw her as
often as possible, which, of course,
wasn’t too oft^n as I had to visit
with my family, too. Anyhow, now
that I am home for good, things
seem different. My former friends
act too young for me. Even this
girl acts different I saw her at
school and she would hardly talk
to me. Next time I saw her, she
was in a car with two other girls
and some boys. I was extremely
jealous and, after an argument,
drove away. I haven’t seen the
girl since. One of my friends tried
to talk to her for me, but she
won’t listen. I really care for this
girl. What should I do?”
OUR REPLY: Begin by realiz
ing that things do change. Your
friends have changed some while
you were away, it’s true. But, re
member, you were the one who
was away and consequently are
more aware of the change.
Regardless of your reasons for
going into the service, you did
go away. You did not expect time
to stand still for this girl until
you returned, any more than you
could have expected to come
home after many months and pick
right up as if you had been away
only a day.
Jealousy and arguments ac
complish nothing. Maybe your
friends think you have changed.
Show them you have not
If yon hoT« s teenage probloi
s ducuu. or an observation
yon want
r an ooe«rT*uort to mako.
Utter to FOR AND ABOUT
to
address your latter to run aovw*
TEENAGERS, COMMUNITY AND SUB
URBAN PRESS SERVICE. FRANK
FORT, KY.
IS
RAINSTICK JUNCTION...
Pretty Louise Domer, who
commutes on the Chicago and
Northwestern Railway, inaugu
rated the fifth rainy season of
the railroad's unique Ralnstick
Jet service for commuters.
Her umbrella and an assort
ment of others came front un
claimed umbrellas fat the road's
lost and found department—
which customers can
without charge.
Wh
I
? !-***••
i ;
i . ■
I
WM
fSW:
!i
NIGHT SHOW ... The Unisphere, symbol of
World's Fair, stands 12 stories high over a
ppol, and is lighted at night with 30 1000-watt
£ >-
ESI
1962
1963
After six greet years like this
what couU Pontiac possibly
come up with next?
■'■y.-y.-y.-:-.
my:
1965 Pontiac: Car of the Year!
That's what!
We had to reach a climax somewhere along the line. And what better climax
for a car than to win Motor Trend’s Car of the Year Award for 1965? Nothing
could please us more, except maybe the way people are buying our cars. And
they are. Drive one and find out why. First thing you know, you’ll buy one, too.
SEE YOUR AUTHORIZED PONTIAC DEALER
396088
KIRK PONTIAC-CADILLAC CO.
2100 NANCE STREET
NEWBERRY, S. C