davidaulloa/AmericanStories huggingface dataset:
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1954-01-15

ness enterprises and, as, such, have
large capital investments in land,
livestock and equipment. These in
vestments on an individual basis
have been increasing in the past
several years, not only because of
inflationary trends, but also because
of increase in size of holdings, which
in turn required greater investments
in livestock and equipment.
1t is doubtful if the average farm
or ranch operator has ever stopped
to compare the investment in his
business with the investment in an
average size business in his own
local town or city. Certainly such
a comparison will indicate that in
many cases the owner of farm or
ranch setup has far more capital in
vested than many town or city bust
neSSeS.
Agreeing, then, that the average
farm or ranch represents large in
Wtldt oil bllC IdCLOlS LII
volved which makes it successful?
Is it land or livestock, equipment or
labor? Undoubtedly these are all
important. However, there is an
other factor which carries more
weight in measuring success than
any of these mentioned. This factor
is management = the thinking, the
judgment, the action, indeed, the
very life of the operator, is the most
important single attribute in a sue
cessful farm or ranch operation.
Idea Out of Date
In view of this fact, one may well
raise the question:: What part does
life insurance have in contributing
to the success of the farm or ranch?
In years gone by, it was commonly
thought that one had to die to beat
life insurance" Consequently only
enough life insurance was owned to
provide burial funds. This idea is
as out-of-date as the Model T.
Times have changed. 1t is still
good business to own life insurance
to provide funds for last expense;
including burial. However, there
are many additional situations il
which a sound life insurance pro
gram can be of benefit TO the farm
er or rancher.
1t is commonly said that a persol
"either dies too soon or lives to
long" If premature death occur.
not only is the income of the head c
the family stopped, but in addition
his management ability is also los
to the family unit.
Provide Continued Income
Therefore, it is necessary that il
sUrance be owned to provide il
come for the family, because e1
penses continue regardless of Lii
or death. At least minimum il
come should be provided until tn
sons are old enough to take over tn
operation of the farm.
When this obligation is arrange
for, we find still another liability
many cases in that the unit is OF
Grating on a certain amount of DO
rowed capital. Obviously no far
or ranch operator wants to leaV
behind a mortgage for the family
spend years in paying off. SUI
circumstances point the need to
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1954-01-15

l. The business must be liquidat-
ed, or
2. A new partnership must be-
formed, or
8. The surviving partner can buy
the business.
If the business is to be disposed of,
it probably will be under conditions
of forced sale, which at best may
result in the property being from
one-half to three-fourths of its val
ue. A new partnership can be
formed, but more than likely, this
arrangement will present many new
and complex problems which will
prevent continued operation of the
business on a successful basis.
Purchase Full Control
Most authorities agree that the
most desirable plan is for the sur
viving partner to purchase and con-
troll the business in its entirety. In
order to do this successfully and
without delay, buy-and-sel agree
ment should be drawn up between
the partners. This document should
set forth the purpose of the agree
ment, the obligation of the partners
to buy or sell, establish the price
or method of determining the price,
and the manner in which payment
for the decedent's interest shall be
made.
In most cases, it will be found that
life insurance on the lives. of the
partners will be the soundest meth
od of financing the purchase of
deceased partners interest on the
basis outlined in well-draWn, buy
and-sell agreement.
The handling of such a situation
in Close Corporation follows along
the same general lines with the same
general detectives in mind as in
partnership situations. However, in
drawing up the buy and-sel1 agree
ment for either a partnership or
Close Corporation, it is recommend
ed that the services of a well-qual-
flied attorney be secured who will
work closely with your life insur-
ance representative in setting up a
business insurance program.
Estate Settlement Costs
The final problem faced by the
property owner, whether large or
small, is that of providing funds to
cover death taxes and estate settle
ment costs.
1t has been estimated that from
to Is per cent of the value of the
estate will be required to cover final
expenses such as last illness, burial,
probate and administration costs
Add to this the Montana inheritance
tax and, on larger estates, the Fed
eral estate tax, and one easily rec
ognizeS that unless some definite
well-made plans are made to take
care of these expenses, the farm o.
ranch operation will be left will
obligations of very serious nature
Through the cooperation of you
life insurance representative, &C
coEntant and lawyer, steps can b.
taken which will assure the estat
being left intact so that it can con
tinue to operate on sound basis
Just as it takes time to build up
successful farm or ranch, to plan
and grow crop or to raise live
| stock, it also takes time to bull
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1954-01-15

ones if his death occurred prema-
turely. He has reached that point
in life where he wants to retire from
the hard work and active manage
ment of the farm or ranch. 1t is his
desire to turn the unit over to his
children.
But it still takes money for living
expenses if the father and mother
are to slow down to take life little
more easy. Perhaps part of this in
come can come from the farm unit,
and fortunately, this can be supple
mented by the program of life in
surance which has been in effect
over a period of years and which
now can be converted into a retire
ment income fund.
This program of insurance has in
reality been an insured savings pro-
gram and is the only form of prop
erty in an estate which has guaran-
teed life income values. This final
step of providing retirement income
funds should be kept in view from
the very beginning in planning a
sound and well developed insurance
program.
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1954-01-15
Special Situations

A program of life insurance as just
discussed will take care of the basic
needs of the farmer or rancher in
the majority of cases. However,
there are number of special situa-
tons which require further planning
in the life insurance program.
The first, and the most common
situation, is that of a partnership
arrangement. The fact is well es-
tablished that upon the death of one
of the partners, the partnership au-
tomatically ceases. At this point,
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1954-01-15

of
1917
Price $lo0.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-01-31

Luggage L go tn err
Scuffs thot ore as
comfortable os can
be oil doy long.
For her in sizes 4 TO
9 in red novy, green
or sunton. Order
several poirs Lone
for every member Of
the fomiIy.
$50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-01-31

Women's Hotboxes
by lork in three pop
ulor sizes ore rapidly
bee ing extro
lightweight w e e k
end coses. Mode of
Dupont Fobrikoid in
white. wheot, blue
and brown tweed.
4"-$l2.75"
f6"- $l3.65"
l8"- $l4.5O"
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1954-03-25
RAWSON
ROUNDUP
BY Mrs. Sam Culp

Guests in the home of Mr.. and Mrs.
L. ]. Robinson are their grandchild-
rem, Dianne and Vickie Bechtel of
Marion. They are spending two weeks
here in Rawson.
Don Latham is the proud owner
of a brand new gas and fuel oil
truck.
Mrs. Glen Nancy Opp and son
Duke of Vanlue were in Rawson,
Wednesday of last week, visiting
with Mr.. and Mrs. Raymond Heming-
er, parents of Nancy. Mrs. Opp's
husband, Glenn, is on his way home
from Korea for a stay before going
to Mississippi, where he will be sta
toned.
Eugene Grubb, son of Mr.. and Mrs.
Alfred Grubb, enlisted in the Armed
Forces, was sent to the induction
center at Cleveland and from there
to Fort Knox, Ky. Rawson has seven
young men there to date.
Mrs. L. B. Folk, Rawson, entertain
ed the social club at the home of her
daughter, Mrs. Joe Wisely, Glendale
Ave-, Findlay. There were eight
members present. One more month
of meetings will be held after which
the club will disband for the summer
months.
Donald Blunk, who works for the
Hochstettler Elevator in Rawson,
visited the Purena Research farm at
Gray Summit, Mo. last week, and had
a tour of the company's mills and
research laboratories in St. Louis.
Mrs. Ralph (Marie) Rainey was
admitted to Blanchard Valley hospital
Monday for surgery. Don't forget
those cheerful greetings to pass those
long hours away.
The Spring festival, sponsored by
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1954-03-25

reside with the brides parents for the
present. Mr.. Weidman is a senior at
Cory -Rawson school.
Mr.. and Mrs. Clarence Wyse and
Mr.. and Mrs. Evan Greiser and child
ren of Archibold, Ohio, were visitors
at the home of Mr.. and Mrs. Harry
Hauenstein, Sunday afternoon.
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1954-03-25
MOsers Are Cited
For Ag achievement

Raymond and Wade Moser of Route
2, Columbus Grove, are among five
Allen County men, to be honored for
outstanding achievements in the field
of agriculture at the 18th Annual
WOWO Achievement Award Banquet
March 30 in Fort Wayne, Indiana.
They will receive the award for
tomato production. They averaged
20.69 tons of tomatoes per acre. Good
soil management in former yields
helped with this high yield, in spite
of a dry summer.
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1954-03-25

POULTRY PROFITS are NO ACCIDENT PUSSY
About quality???? To be SURE choose your brood of
Baby CHICKS from ANsTUTZ- they are Bred for the
JOB 1T does make lots of difference Come in let's
talk it over syouwill not be urged to BUY AMSTUTZ
Certified r. O. P matngs will definitely lead you to
greater Poultry Profits AMsTUTZ HATCHERIEs,,
Bluffton and Papdora.
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1954-03-25

sent a program for parents of the
pupils on Tuesday evening, April 8,
in the school auditorium, it has been
announced.
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1954-03-25
KINDERGARTEN PROGRAM

The afternoon kindergarten class
taught by Mrs. w. II. Gratz will pre-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
Senator Bennett,
A Mormon, Says
Prayer at Recess

Senator Bennett, Republican,
OF Utah, was pressed into service
to deliver the prayer when the
Senate took a brief recess and
started a new legislative day at
2 am. today.
The Utah Senator, who is a
member Of the Sunday School
General Board of the Church of
Jesus Christ of Latter Day
Saints. prayed as follows:
Our Father in Heaven, as we
resume our work after this brief
pause (the recess had lasted only
rs minutes) we come before Thee
to ask Thy blessing upon our
labors and upon ourselves. We
ask for ourselves continued pro-
lection from accidents and i'm
pairments of health that would
diminish our efficiency.
I'VE ask for your labors, that
our minds may be clear, that we
may approach our tasks with
singleneSs of heart and sincerity
Of purpose and that those prob
lens that lie before us may be
solved in a manner which will be
for the best and the highest good
of our beloved country. Be with
us during the hours Of this day
as we attend to our tasks. We
pray in the name. Thy Son,
Jesus Christ, Amen"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
Eisenhower Signs Bill
To Restore Famous Ships

President Eisenhower today
signed the Devereux bill for the
restoration of the U. S. S. Con-
stitution, the U. S. s. Constella-
ton and the U. S. S. Hartford.
The President presented Repre-
sentative Devereaux, Republican,
OF Maryland. author of the bill,
the pen he used in signing it.
AS a major in the Marine
Corps. Mr.. Devereaux held Wake
Island against the japanese in
the early days Of World War II.
The Constellation and the Con-
stitution were two famous
frigates of the old Navy and
made famous records in the War
of 1912 and thereafter. The
Hartford was Admiral Farragut's
flagship when he made his ia
nous attack on the Confederate
positions in Mobile Bay.
The Constellation is to be
placed at Baltimore. The Con-
stitution is being restored at the
Charleston Navy Yard at Boston
and the Hartford will be placed
at Mobile, Ala.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23

mouth College graduate. drafted
earlier this year.
1t. Morgan. %, of Wilkes
Barre. Pa, is accused of having
allowed Company IT,, 272nd
Infantry Regiment. to be forced
to stand at attention in 81
degree heat as punishment for
q breach Of discipline. Several
men were said to have tainted
Sergeant to Be Tried Separately.
As the court.martial got un-
derway, 1t. Morgan pleaded not
guilty. His administrative as
sistant. Sergt. Witbeck. will be
tried separately on a charge of
maltreating the men in the Incl
dent.
The specific charge against the
officer Is "dereliction OF duty in
that he failed to take appro-
pirate corrective action to pre-
vent the unauthorized treatment
Of personnel in his command. I"
II found guilty he faces a
possible sentence ranging from
an Official reprimand to for
fixture of two-thirds of his base
pay for six months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23

gence Agency (CIA) in the
United States.
Gin Washington, officials re-
ported DR.. John had visited the
United States in June and con-
ferred with Allen w. Dulles, CHA
head. The visit was described
as unofficial.)
DR.. John arrived in West Ber-
lin with his wife last week to
attend the 10th anniversary OBJ
servance Of the unsuccessful
bomb plot to kill Hitler July %,
1914.
Fled Hitler Squads.
An airline Official in World
War II, he was one of the group
which planned the assassination
and only escaped arrest by flying
to Madrid four days after the
plot failed. He returned to Ger
many in l949. His brother was
executed in the Hitler reprisals
against the plotters.
DR.. Johns Office only this
month was under sharp attack
in the West German Parliament
by the opposition Socialists, who
charged it was run like a new
Gestapo."
The Office was defended by
Chancellor Konrad Adenauer.
who declared that If a similar
organization had existed prior
to 1888. the Nazis never would
have risen to power.
DR.. Adenauer pointed out that
the organization had no power
OF arrest and that its major
task was coordination of infor-
nation of subversives.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
Chevy Chase Mother
Is Located in New York

A Chevy Chase CMd) mother
of five, reported missing nearly
two weeks ago, has been located
in New York, Montgomery
County police announced today.
The woman. Mrs. Clara B.
White, "a, disappeared from
her home, 1876 East Bradley
lane, on July 9. She was found
at a YWCA after she had called
a Catholic welfare agency in
New York.
Her husband. William c.
White, a physicist at the Ma
tional Institutes of Health. said
she is now with a sister in New
York and expected to return
here within a few days.
Her children, who have been
staying with relatives on a farm
in Virginia have not been told
of their mothers disappearance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
ChrysIer Production
In Detroit Halted as
Strike IdIes 44,S5O
BY the Associated Press

DETROIT. July 23.-All OF
Chrysler's Detroit automobile
production was at a standstill
today in the fifth day of d strike
now idling 44.85o workers.
Assembly lines went down
completely yesterday with the
layoff of $3.50 machinists. mo-
tor builders and maintenance
employees in mounting idleness
from Mondays strike of 10,700
Dodge Main plant employees.
Some $1,000 other Chrysler
workers who are paid an hourly
rate were still on the job today,
many of them engaged in de-
tense work.
Speedup Charged.
All the affected employees are
members of the CIO United Auto
Workers. The Dodge Main strik-
ers walked out in protest of what
they called a speedup. Manage
ment denied there was a speedup.
The only assembly plants left
In operation were those in Evans
vile. Ind, and Los Angeles.
These two turn out about 20 per
cent of Chrysler's normal pro-
duction of Chrysler, Dodge. De
Sofa and Plymouth cars.
The Dodge Main strike lacks
the approval Of the JAW inter-
national union. At the same
time the international has taken
no action on a demand by the
company that the strike be de-
clared unauthorized and a con-
tract violation.
May Affect Model Change.
A company spokesman said
the strike may interfere with
1855 model changeover plans be-
cause of the tieup Of parts and
materials for 1854 models.
Before the Dodge Main strike
began, the company had an
nounced plans to close down in
August for model changeovers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
Roy 10 Face Police Board
On ; Youths CHARGES

Police Pvt. Wyatt j. (The
Street Cleaner) Roy has been
ordered by the District Commits
sioners to go before police trial
board on charges that he
slapped two juvenile and cir
regularly examined" a third.
Two colored boys, Is and Is.
said the colored patrolman
slapped them during questioning
after he stopped them on the
street at $50 am.
A 13-year-old colored girl
complained of his examination
of her in the District General
Hospital. but admitted he had
not touched her.
He was once the target Of a
$4,000 fund raised by gamblers
to fight his plainclothes activi-
ties, according to Deputy Chief
Clarence A. Lutz.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
Vienna ToIent Licensing Plan
Would Have SiIenced Mozart

VIENNA. July % (NANA)
"A law which would muffle mu-
sic in red tape has broken with
the clash Of a thousand SYM
phonies in this land of Wolfgang
Amadeus Mozart.
Purpose of the proposed law,
as its parliamentary sponsors
explained it today, is to reg
ularize" Austria's rich musical
life. Hundreds of musical fes-
rivals are now under way here,
and every village has brass
band.
Under the far-reaching plan,
which is now before the Su-
preme Court for approval. the
pursuit of music would no longer
be one of the time -honored free
professions" This means that
no one in the future would be
allowed to play, conduct, sing,
compose or even dance for gain
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23

without a license from a pro-
vincial governor.
Any one wishing to follow q
musical career would have to
take an examination and show
proof of talent. Guest artists
from abroad would also have to
buy a permit to perform. Even
the village bands would be Ii
censed. with all licensees paying
"up to 2 per cent of their in
comes" to support the govern
ment organization administering
the law.
The law also provides that no
one under 18 would get a license.
That means that a 10th century
Mozart - the great composer
started young-would have to
play in secret, sell his works on
the black market, risk a fine of
$40 or q three month prison
sentence, or give up music al
together.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23

affairs. lend substance to this
theory. Mr.. Khrushchev, tough
and realistic, Is an apostle of the
normalcy the Soviet Union is
seemingly trying to develop at
the moment.
For the West, Mr.. Khrushchev
might be far more dangerous
adversary than Stain was, just
because Of his realism. Unham-
pered by the fetishes which clut-
tered Stains mind, Mr.. Khrush-
chev can move swiftly and de-
cisively in whatever direction
seems to him best to fit Soviet
fortunes Of the moment.
Stains stubborness and bel
licosity were responsible for such
Western manifestations as the
North Atlantic Alliance and the
projected European Defense
Community. Mr.. KhruShchev,
by presenting a reasonable face
to the world, could go and prob
ably already has gone long
way Cd toward dissipating fears
OF aggressive intentions and
~ toward undermining Western
unity against further Soviet ex-
pansion. whether by outward ag-
gression or internal subversion.
II Mr.. Khrushchev has his
way, further Communist expan-
sion will be as free as possible of
direct risks to the Soviet Union.
That means no overt act which
might solidify outside opposition
to the Communists. S
Time costs nothing is an old
Russian expressions Mr.. Khrush-
chev is the sort of Russian who
would go along with that. T
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
By William [. Ryon

Assoeiofed Press rofetgn News Anolysf
Communist parties and gov
ernments of the European Satel-
lite countries have just finished
whipping themselves into the
pattern dictated by Moscow. The
result throws new light on Krem-
lin leadership itself.
The pattern adopted by the
satellites, always obedient to
Moscow, hints that there has
been a quiet showdown inside
the Kremlin. There Is new evil
dence that Nikita S. Khrushchev,
first secretary Of the Soviet Com
munist Party. Yields the real
power. not Premier Georgi NAL
enkov.
Moscow laid down the new
pattern last September. when the
Soviet regime appeared to have
regained it's balance after the
violent purge Of Secret Police
Chief Lavrenty Beria and his
followers. Then Mr.. Krush-
chev became first secretary" of
the Soviety party. a job which.
according to the Soviet press.
Mr.. Malenkov voluntarily relin-
pushed.
The party Craftsmanship is a.
job of great power. Stain used
it to make himself dictator. IN
til World War II. Stain pre-.
ferred to separate the jobs Of
General Secretary and Premier.
The premiership before the war
was held by v. M. Molotov. GER
tainly no rival Of Stain for die.
tatorship.
Same Pattern In Prague.
Soon after the Soviet change
last September. Czechoslovakia's
Communists adopted the same
pattern. Antonin Novotny gave
up his government job and be-.
came party first secretary. He.
soon demonstrated he was the
real boss by delivering a sharp
dressing down to the party
rank-and-file.
In Poland, Boleslaw Beirut,
premier since 1852. gave up the
government job and devoted
himself to being first party
secretary. He has been Poland's
No. / Communist since the war.
Romania's Reds fell into line
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-07-23
Khrushchev Is Real Ruler
OF Russia, Evidence Indicates

when Premier Gheorghe Gheor-
ghiu-Dej resigned his other post
Secretary General-and
Gheorghe Apostol became "First
Secretary" Gheorghiu-Dej re-
manned premier but said 'hero
worship" and "one-man leader
ship" had to go. just as the Rus
sian leaders had said before him
in a spate Of statements. about
collective leadership" following
Stains death.
In Hungary, the man known
as "Old Potato Head" Matyas
Rakosi, long the unchalienged
boss, stepped out as Premier.
but had himself named First
Secretary of the party two
months ago.
Bulgaria, so closely tied to
Russia as to be cirtually prov
ince. has had a dizzying series
Of shakeups since Stains death,
but emerging from it all was the
reappointment of Culko Cher
venkov as Premier. There is no
record available as to who is
First Party Secretary there, but
it's not Mr.. Chervenkov. i
Gen. Hoxha Changes Jobs.
This week. Albania's boss. Gen.
Enver Hoxha. stepped out Ct his
job as Premier and became First
Secretary Of the Albanian Party.
That completed the round Of
satellite shifts. with isolated
Albania. as usual, at the tail end.
Thus. the real boss Is the party
secretary. and in Moscow, the
party secretary is Mr.. Khrush-
chev. Recent Russian moves,
both in internal and external