The Call-Leader from Elwood, Indiana • Page 8

8 Elwood Call-Leader Thursday December 28, 1972 Phase Three May See Some Changes WASHINGTON (UPI) -Administration officials indicate "Phase of President Nixon's economic program may see the dropping of rent controls next year and changes in the profit margin rule disliked by business. President Nixon has said he wants some form of continued stabilization authority when the present Economic Stabilization Act expires April 30. and officials emphasized that Nixon will have the final word on the shape of the redesigned wageprice controls. The administration has been gathering suggestions from business. labor.

consumers. congressmen and its own stabilization officials for the past two weeks. A sense of the thinking of most participants was revealed by the briefers. Herbert Stein. chairman of the President's Council of Economic Advisers.

said prolonged rent controls have a "negative effect" on tenants as well as landlords. "We ought to be on the way out of the rent control Stein and Treasury Secretary George P. Shultz also suggested that reducing coverage of the controls would improve the efficiency of the government stabilization program and eliminate essentially nonproductive paper work for many businesses. A senior official of the Cost of Living Council. who asked not to be identified.

said the business profit margin rule "has got to This regulation. widely criticized in the business community. limits profit margins (profits as a percentage of sales) for companies who boost prices to the average of the best two of the last three fiscal vears. Businessmen have argued that this base period is no longer realistic. More important.

most observers concede that the rule encourages wasteful spending by companies who are bumping against their profit margin ceilings. The stubborn rise in food prices. spurred by heavy consumer demand and the fact that prices at the farm level are uncontrolled. has been the biggest headache for the economic controllers. Shultz indicated the government would continue to explore ways to increase food supply.

such as the recent decision to lift meat import quotas through 1973. On the legislative side. Shultz said there was merit in asking Congress simply to extend the present stabilization act one more year. Anything the administration expects to propose in the new control program could be carried out under provisions of the existing act. Shultz said.

Economic Life Centers Around Airport Areas NEW YORK (UPL) For a century the economic life of the average American community revolved around the railroad depot and the freight yard. Today it revolves around the airport to a far greater degree than is generally realized. The railway freight yard still is important but often as not the passenger depot is deserted most of the day. But the airport is a bustling community that provides jobs, merchandise and service sales and pulses with vitality around the clock. In the larger metropolitan areas.

the airport is surrounded by motels. restaurants. movie theaters. service businesses. and small to medium sized industries dependent in some way on aviation.

There also are banks. supermarkets. customs brokers and other sophisticated businesses. The Air Transport Associa- France Skeptical Of Talks By U.S. On Military Cut WASHINGTON (UPI) As the United States prepares for talks on military reductions in Europe.

one of its oldest allies. France. is highly skeptical that any good can come from such discussions. France will not be participating in the talks among the United States. the Soviet Union and their allies.

expected to begin in Geneva Jan. 31. France, while still a member of NATO. has opted out of the military activities of the Atlantic alliance. But the government in Paris has strong opinions which it has not propounded very loudly so far.

The French thinking runs along these lines: The strategic arms limitation treaty (SALT) reached between the United States and the Soviet Union at the Moscow summit meeting last May is a virtual guarantee that the two countries will not engage in war with strategic nuclear weapons. The agreement has rekindled the hopes of diplomats for a substantial detente in Europe. This hope is being further fired by the projected talks in Geneva on mutual and balanced force reductions (which diplomats call MBFR). and by a parallel conference now in its opening stages in Helsinki. Finland.

on other European security problems. Soviet Weapons Edge But the difficulty. in the French view. is that the Soviet Union possesses an overwhelming superiority in conventional Drive In Banking At Two Locations, Downtown And Elwood Plaza. Now open at 8:30 A.M.

Monday thru Saturday SECURITY daily report STATE POLICE Two persons were taken to Community hospital in Anderson for treatment of injuries received in a one car accident on street road Wednesday morning. Ruth Stoops. 51. 1624 N. Madison Avenue.

Anderson. was treated for lacerations on the forchead and whiplash. and Bertha Stoops. 78. 1624 N.

Madison Anderson. was treated for a sprained back. According to reports filed by State Trooper Walliser. Ruth Stoops apparently lost control of her 1970 Buick on a patch of ice and the car rolled onto its top. No arrests were made by the investigating officers.

COUNTY POLICE Madison County Police reported finding a car abandoned at the intersection of 800W and 1400N last night. It was belived that the car had been taken from Peterson's Buick in Elwood but no further information was available. CITY POLICE An Elwood man was arrested on a charge of driving while under the influence of alcohol following an accident Wednesday evening. According to police reports. Jerry Grose.

55, 2035 S. was arrested after he lost control of his car on S. 18th and struck two parked cars. The owner of one of the parked cars was Dale Bell. The other owner was not identified.

Grose was taken to the hospital in the fire department ambulance where he was treated for lacerations around the mouth. Helen Williams, 30, 1113 N. 18th and Clara Poole, 81, 1933 S.M were involved in an accident at the intersection of S. and Anderson St and the Poole auto was traveling south on Anderson St. Both women told police that they had the green light.

Both cars proceeded into the intersection where they collided. No arrests were made and no injuries were reported. Homicides (Continued from Page 1) cases but decreases were reported in Evansville and South Bend. Evansville had increased criminal activity only in aggravated assault and larceny cases. Gary had increases in four categories: Fort Wayne in three: Hammond in four and South Bend in six.

Here's a breakdown by categories. with the 1971 figure first and the 1972 figure second: Murder and non negligent manslaughter: Evansville 7 and 6: Fort Wayne 4 and Gary. 35 and 63; Hammond 6 and Indianapolis 35 and 54: South Bend 17 and 11. Forcible rape: Evansville 47 and 45; Fort Wayne 39 and 29: Gary 73 and 65; Hammond 35 and 20: Indianapolis 189 and 235; South Bend 21 and 22. Robbery: Evansville 171 and 142: Fort Wayne 244 and 301: Gary 906 and 978; Hammond 208 and 211: Indianapolis 1.551 and 1.033: South Bend 310 and 333.

Aggravated assault: Evansville 429 and 468: Fort Wayne 81 and 60; Gary 335 and 385: Hammond 136 and 115: Indianapolis 728 and 537: South Bend 82 and 126. Burglary: Evansville 1.524 and 1.116; Fort Wayne 1.850 and 1.633: Gary 3.357 and 3.536: Hammond 754 and 940: Indianapolis 6.994 and 6.264: South Bend 1.265 and 1.560. Larceny: Evansville 1,507 and 1.536: Fort Wayne 2,846 and 2.9.: Gary 1.500 and 1.447; Hammond 1.480 and 1.659; Indianapolis 4.100 and 3.421; South Bend 1.155 and 1.526. Auto theft: Evansville 545 and 360; Fort Wayne 456 and 589: Gary 2.201 and 2.067: Hammond 1.079 and 765; Indianapolis 3,313 and 2,616 South Bend 591 and 789. LIFE STRIDE and NUG-TITE Pumps at MAHONY'S Alexandria tion lately has embarked on a nationwide study of the economic importance of the airport to the local community.

The program has been underway only a few months and it will take years to complete. It was begun in comparatively sparsely populated South Dakota but most surveys finished so far deal with the major cities. The South Dakota study was an eye opener. It revealed the presence of good airports had brought in factories that account for 12 per cent of all the manufacturing employment in South Dakota. Washington's National Airport was discovered to have 1.400 workers earning $78 million a year.

It was the third largest employer in Virginia at a single location. It generated $3 million in state and local taxes paid by its employees. Retail and service sales around the airport were $22 million a vear and the greater part of Washington's half billion dollar a year convention business came through the airport. These figures look small compared with the $7 billion a year Kennedy. LaGuardia and Newark airports generate for metropolitan New York.

The direct payroll alone is $1 billion for 78.000 workers. Airlines spend $2 billion a year on services and supplies at New York. The hotel and other tourist service sales come to another $1 billion. And this $4 billion generates another $3 billion of various kinds of business throughout the metropolitan area. the ATA calculated.

Two (Continued from Page 1) over North Vietnam in the eight days ending Christmas Day. It also said B52s carried out 147 missions during the same period. It did not report on raids carried out since Nixon ordered resumption of the bombing Tuesday after a 36-hour Christmas pause. The command also furnished a list of 68 "significant" targets hit SO far in earlier described as the most fierce aerial bombardment of the war. In line with official policy.

American military spokesmen did not give any details of the raids Wednesday. But reports from Hanoi. Moscow and elsewhere said U.S. planes inflicted heavy damage on civilian and military targets. The official Hungarian news agency MT1 reported a mass exodus from Hanoi in the wake of continued bombing.

"Tens of thousands of inhabitants with every conceivable means of conveyance are fleeing from the operation scene of the new barbarous attacks." the MTI correspondent in Hanoi said. The U.S. command said warplanes had struck railyards. shipyards. warehouses.

vehicle repair shops. power plants. railroad bridges. military air bases. radar sites and other supply and maintenance targets.

All were described as militarv. Hanoi Radio said it shot down another American warplane. but gave no details. It raised the total Hanoi claims downed since Dec. 18 to 66.

WE WILL BE CLOSED December 26th thru January 6th KLUMPP'S WALLPAPER PAINT STORE Truman (Continued from Page 1) served under Harry" during World War I boomed a 21-gun salute. Many mourners cried openly. Those who grieved were of all generations. The very old. white haired, leaned on canes.

The very young. long-haired. stood tall and straight. Fight pallbearers carried the casket into the Truman Library lobby. The casket was sealed permanently Tuesday.

a few hours after Truman's battle against failing heart. kidneys and lungs ended. Mrs. Truman. who made daily trips to Research Hospital during her husband's last three weeks.

stayed at home and greeted Nixon and Johnson Wednesday. But as the cortege passed by the Truman home. a 17-room Victorian mansion built more than 100 years ago. she pulled open a single window shade and watched the casket of her husband pass. The Invited Guests Among the 220 guests invited to the private funeral in the small auditorium of the library were Truman's relatives.

former White House advisers and friends. all of them a part of the Truman era. A memorial service for Truman is planned in Washington Jan. 5 when national and world leaders will eulogize the 33rd president. whose decisions ended one war.

put the United States in another one and marked the beginning of the nuclear age. President Nixon invited Mrs. Truman. the Truman's only daughter Margaret Daniel, and Mrs. Daniel's family to stay in the Blair House for the Jan.

5 services at Washington's National Cathedral. The Trumans lived for a time in the Blair House while the White house was being remodeled in 1950. One (Continued from Page 1) "like a jury. The way it. is now.

the recount process adds to the corruption of politics." Wilbur Myers. the Democratic member of the threemember recount commission. refused to sign the Orange County recount but the two Republican members -Pete Winninger and Mae Tolliver- did and it was to be certified to Conrad. With this change. Wilson would be the winner in the fivecounty district by 41 votes.

The Nov. 8 first count had shown Klaes the winner. 21.621 to 610. Deaths Funerals KATHERINE (KATE) JONES Word has been recieved here of the death of a former Elwood woman, Mrs. Kate Jones.

53, of Deputy, Ind. She and her husband were operators of Jones' Pet Shop at one time. Born April 8. 1918, she was married in 1955 to William Marion Jones who survives. Other survivors include four sons.

Harold E. Gross and Richard A. Gross of Elwood; Carl E. Gross of Terre Haute and Roger William Gross of Alexandria: two daughters. Judith Ann Ball of Miami.

Fla. and Marilyn Garner of Blotcher, three. step children. Arnold Campbell of Deed Jones of Deputy and Connie Heath of Greenfield. Funeral services will be held at 2 p.m.

Saturday at the Nolder funeral home in Fairmount where friends may call after noon on Friday. Burial will be in the Neese cemetery at Fairmount. PAUL CARVER ALEXANDRIA Paul W. Carver. 61.

Rt. 3 Crossville. Tennessee. died at the Fort Sanders Hospital in Knoxville. Tennessee.

He was born in Madison County and married Virginia Pruitt in 1935. She survives. He was the superintendent of quality control at the Vindale Corporation in Crossville and was a member of the Crossville United Methodist Church. He was also a member of the Masonic Lodge in Alexandria. Surviving with the widow are four daughters: Miss Jenny Jo Carver of Crossville.

Mrs. Paula Meeks. Crawfordsville. Mrs. Salvation Army Nets $2,915.16 In Christmas Drive Major Harold Petrie of the Salvation Army today announced a total of $2.915.46 was received for the tree of lights to aid needy persons at Christmas.

The total included canned goods donated by school children. Girl Scouts and from the special movie held at the Elwood Theatre. Major Petrie expressed his gratitude for the many persons aiding with the project. The goal from the annual Christmas project was set at $3,200. William Bryant and Mrs.

David Dyer, both of Alexandria: one brother. Glen Carver, Upper Key Largo, Florida: and seven grandchildren. Funeral services will be Friday at 2 p.m. in the Noffze Funeral Home where friends may after 6 p.m. today.

Burial will be in Park View Cemetery. MRS. MINNIE HIATT DENNY Funeral rites are pending at the Copher and Fesler Funeral Home for Mrs. Hiatt Denny, formerly of Rt. 1, Elwood, who died today at the Wesleyan Convelanscent Home in Marion after an extended illness.

HOSPITAL NOTES MERCY HOSPITAL DISMISSALS Wednesday Dean Shull, Rt. 4, Elwood Randy Rogers, 1721 So. Mrs. Kenny Huffman, 196 Fletcher Frankton Mrs. Hazel Conway.

Rt. 4, Elwood Mrs. George Long. 2113 N. A St.

Frank Tauriello, S. A St. Victor Castro, 2720 S. Dst Mrs. Grace Ackels, Lexington Arms Apartments in the Jackley ambulance Mrs.

Mary Hennessey, 1316 S. Anderson in the Copher and Fesler ambulance. BIRTHS Wednesday Mr. and Mrs. Richard Rice.

1705 Glen Eagle Drive. Kokomo. a girl. Today Mr. and Mrs.

James Delong. Rt. 1 Atlanta, a boy. TIPTON HOSPITAL ADMISSIONS Tuesday Marilyn Bork. Theresa Miller.

Kathy Reecer, Julie Mitchell. Nellie Erp. Evalyn Wesner. Wanda Joseph McFarland. all of Tipton; Andrea Richey of Sharpsville: Cathy Watkins.

Darry Forrey, and Joseph Riley of Kokomo: Minnie King of Windfall Susan Nelson of Goldsmith; Teresa Huffer. Michael Huffer and Tanggie Ballard of Frankfort, DISMISSALS Tuesday Earl Gray. Katherine Marschke of Tipton; Glen Barker of Windfall. DeMolays To Install New Officers Friday The Elwood chapter of DeMolay will install new officers in public ceremonies Friday Dec. 29, at 7:30 p.m.

The installation will be held in the Masonic Hall. The Chevalier degree will be bestowed on Steve Mayfield at this meeting. ASK CONSIDERATION TAMPERE. Finland (UPI)Tampere's City Council voted. 9-2.

with one abstention. to ask the International Olympic Committee to consider the city as a possible site for the 1976 Winter Olympics. conditional upon the help of the Finnish government -to the tune of $3 million. Most major Olympic events would be held in the city itself at existing facilities. with the ski jumping held 100 miles to the southeast at Lahti.

and Alpine events anywhere in central Europe. Ladies and Girls Gold or Silver SANDALS $795 Pair at MAHONY'S Alexandria ELWOOD FEDERAL SAVINGS ANNOUNCES OUR NEWEST SAVINGS PLAN THE CHEK-A-MONTH SAVINGS PLAN! Savers who invest $5,000.00 in our 1 2 CERTIFICATE MONTHLY MONTHLY MONTHLY or $10,000.00 in our 2 Yr. certificates will receive CHECK CHECK CHECK AMOUNT an interest check the 1st of every month. 5,000 22.91 23.95 $10,000 45.83 47.92 50.00 There is nothing complicated about the CHEK-A-MONTH PLAN. $15,000 68.75 71.88 75.00 You merely indicate to us your desire.

From them on $20,000 91.66 95.83 100.00 one-third of your quarterly dividend will be mailed monthly. $25,000 114.58 119.79 125.00 Present certificate holders may convert to CHEK-A-MONTH. $30,000 137.50 143.75 150.00 YOUR BALANCE ALWAYS REMAINS THE SAME! FOR FURTHER INFORMATION CALL 552-5055 THIS NEW SAVINGS PLAN WILL BE AVAILABLE TO CERTIFICATE HOLDERS APRIL 1, 1973. Elwood Elwood Federal Savings and Loan Association Federal Elwood, Indiana 46036 Savings Telephone 12 PRAY 3 AT NOON Join in prayer daily, at noon and throughout the day, for Key '73, the united effort of most denominations and Christian groups to bring the message of Christ to all persons in North Key 73 America in 1973. Join with us Read: Luke Luke Luke Prayer: Our Heavenly Father.

we have accepted the Gospel and with it salvation and life and we pray that we may fulfill our responsibility to tell others the good news. May the Holy Spirit tell us what to say in bearing witness to your Truth. Save us. we pray, from being half hearted and part time Christians. May we through continual prayer be channels between your power and the world's needs.

Help us ever to be greatfully and joyously aware of your forgiveness and mercy. In Jesus name. Amen. weapons compared to the defenses of the Western European countries. Under the reductions which may be negotiated.

a sizable number of U.S. troops would be pulled back to the United States. This would presumably please Sen. Mike Mansfield. I D- who has been agitating for a reduction in the 300.000 troops which the United States maintains in Europe.

But Soviet forces. at best. would be pulled back behind the Soviet borders which are only a few hundred miles from the center of Europe. Policing Impossible It would be virtually impossible to police any force reduction agreement which the Russians might undertake. And it would be an illusion to think.

the French are saying. that Soviet forces could not sweep across Europe in a well coordinated drive. In the French thinking. the general guarantee of European peace still appears to be the American commitment symbolized by the 300.000 U.S. troops.

With that in Europe. the United States can hardly be indifferent to a deterioration in the politico-military situation. The French do not appear to feel there is any inconsistency in the fact that in the 1960s they oblige- NATO to move its European headquarters out of France to Brussels and required the departure of U.S. forces which had been stationed in France. France seems to appreciate the American contribution while at the same time feeling that without U.S.

troops on its soil it has more independence in making its own defense decisions. U.S. diplomats acknowledge that the projected talks on force reductions are bound to be extremely complicated because of the different weapons used by the Atlantic Alliance and its Communist opponents. But with pressure emanating from Congress. the Nixon administration feels it is politically expedient to reduce American forces in Europe.

Babies and Children's WHITE SHOES to 8's at MAHONY'S Alexandria.