davidaulloa/AmericanStories huggingface dataset:
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13

now, so don't repay over so long a
period that interest will mount to
a sum that is more than you want
to pay for the privilege.
When buying cars, major appli-
ances, etc, don't sign up for terms
that will have you owing notice
ably more than the resale value of
the item bought.
In general, make your down pay
ment as large, and your repay
ment period as short, as you pos
sibly can without undue strain.
Avoid balloon notes" - those
where installment payments pay
off only part of the amount due
and a lump sum payment is re-
quired at the end.
These days when you can find
someone who will give you almost
any terms you want, keeping with
in your credit budget is matter
of will power and budget balancing.
Except in a crisis, it's wise not to
use your maximum credit capacity
but keep it within safe limits for
necessities, long-lasting goods and
equipment that may help pay for
itself through budget savings.
Today, credit has become almost
the lifeblood of every financial OPP
erations, both in business and at
home. If you have debts on per-
sonal loans you are not alone;
$50 of the people in this country
do, too. But among these folks, the
majority devote less than 209o of
after-tax income to making month
ly payments. Few of these debts
will run longer than year.
Wisely handled, credit is an as
set and worth using, but keep in
mind an old money maxim, re-
written: Credit is a good servant
but a bad master.
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
New Businesses In
'55 Top Records

Secretary of State Ted w.
Brown announced that 1855 broke
all records in the number of new
business interpretations. Brown is
sued TAOS as compared to 6,578 in
1854 and z, Ill in the previous rec
ord-year of 1916.
Not only were the all-time rec
ords shattered but the charters
granted in December numbering
$50, topped the December record
of year ago by SO.
Secretary of State Brown reports
1855 to have been the busiest year
in the Corporation Section of his
office since he became Secretary
of State. And, 1856 is starting off
in the same tempo, with the first
business day in the new year bring
ing in 40 applicants for corpora
tion charters.
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13

full money management, undobut-
edly found they could make-do on
less than $50 a week. Others, pre-
sumably, We're receiving assistance
from their families, through gifts
of food or money. A number of
students were included in the 80
per cent who, with little or no in
come of their own, were being sup
ported by parents. At least one in
10 of these newly-married couples
was living with their families.
Some Farm Couples
And, of course, some newlyweds
were farm couples who lige most
farm families have comparatively
small cash incomes and rely to a
greater or lesser degree on food
raised on the farm.
There are always a few young
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
OFBF Has New
Wheat Proposals

COLUMBUS - Ohio wheat pro-
ducers can expect a fairer return
for their efforts, if current plans
of the Ohio Farm Bureau Fedora
ton materialiZe.
The farm organization is now
preparing a list of particulars to
present to Congress, when a dele
cation of Farm Bureau spokes-
men trek to Washington in March.
Specifically OFBF will point out
that:
il The quality-type wheat grown
in Ohio is not in surplus, and that
the present farm program should
recognize quality;
p Farmers who raise grain en-
tirely for their own use on their
farm either as food feed, or
seed should be exempt from
marketing quotas; and
- In cases where marketing
quotas are invoked, every produc-
er of the crop affected should be
allowed to vote.
OFBF has very impressive set
of facts to back their case.
The farm organization admits,
for example that there is a tre-
mendous carryover of wheat from
past years, but hastens to add that
it is the hard red winter variety
grown in the Western wheat belt
that's causing the surplus. Ohio
wheat (soft red winter), of mill
ing quality" and used for pastries
such as cookies and cakes, is ac-
tually in short supply.
The other two points are gripes
of long-standing. OFBF believes
that farmers who consume all their
grain on their own farms should
not be subject to program from
which they do not derive benefit.
AS for voting, only wheat pro-
ducers with Is or more acres have
the right to vote on quotas. Inat
means that in Ohio only about ST.
900 of nearly $4,000 wheat pro-
ducers have the voting right.
The quality wheat proposal
has great appeal in Madison Coun-
ty inasmuch as this is top wheat
producing county. The county
ranks 14th in the state in estima-
ted acreage for 1856. Wheat is an
important money crop" for farm
ers here, too, accounting for ST.
849, 500, or 109o of total cash re-
ceipts from sale of farm commodi-
ties in the county annually, accord
ing to latest USDA estimates.
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
How Much Debt
Can You Afford?

How much debt can your bud
get stand? How do you decide
whether not to take on additional
debt? Each month people have
been borrowing one dollar for
every six they spend, adding S6 of
new installment debt for every $5
they repay. Alarming? Yes, say
the editors of Changing Times,
The Kiplinger Magazine
There are yardsticks to use to
see whether or not your family is
too deep in debt. These rules have
been developed by bankers and
professional credit men. They vary
some, but by using them you can
check up on your own debt and
find out if you are within safe
limits.
/. The total amount you owe
should not go much beyond 20%o of
a years income.
q You should not owe more than
the amount that 1919 of your in
come would pay off within II to
"a months.
3. Debts should not total more
than a third of your income left
over after you pay for food, cloth
ing and shelter.
The size of any installment you
commit yourself to make is i'm
portant too. A conservative total
could wreck you if the monthly
payments are too steep. Here's how
to see if your payments are the
right size. First, most people have
reached their limit when all month
ly installment payments total more
than 20q6 to 25' of monthly take
home pay. This is a limit not
safe" load. A healthy debt pic
ture would presumably show pay
mentS totaling less than that. Sec
ond, the payments to any single
creditor should not, in general, be
more than 1919 of monthly in
come.
Here are five ways, suggested
by Changing Times editors, to pre-
vent yourself from getting in over
your head.
Don't take on any debt that will
run longer than the period fol
which you can safely forecast your
income and outgo.
When you buy on credit, you are
paying slightly more in exchange
for having the goods or service
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
Fire Destroys Old School House
At New California Saturday
Morning, 5000 Chicks Are Burned

Fire destroyed the old New Cali
fornia high school building at 5
am. Saturday morning, while two
fire departments labored success
fully to save a new modern poul-
try building which was recently
constructed at the rear of the old
school.
The blaze was first noticed by a
truck driver who was passing by.
The whole second story of the six
room frame building was ablaze,
he said. when his attention was at
tracted by the light and flare.
Plain City Rural Fire Department
was on the job quickly and they
Immediately concentrated their eff
forts on the new 300x50 foot build
ing at the rear of the burning
structure where $4,000 young
chickens were housed. The Dublin
firemen arrived later and assist
ed in protecting the new hatchery.
California high school was aband-
oned about ten years ago and the
ground and building was purchas-
ed at public auction by Keith
Strayer an employee of the Kile
and Son Elevator Co. at Kileville.
The new owner turned the old
school building into broiler feed
ing quarters where he raised and
fed out thousands of chickens for
market.
Nine thousand, two week old
chicks were burned up in the old
school building, but there was no
damage done to the $4,000 housed
in the new structure. Mr.. Strayer
stated that he had, only a few
weeks ago changed out his broiler
stock, sending several thousand
chickens to market.
Besides the 5000 chicks, there
were several tons of feed, num-
ber of brooders and lot of other
equipment lost in the fire. 1t was
the opinion of rural fire chief, L.
r. Trees of Plain City that the
fire was caused either from a
brooder stove or defective electric
wiring in the building. The loss
was estimated at $4,000 which
was partially covered by inSur-
ance.
Mr.. Strayer did not know whe-
ther or not he would attempt to
rebuild another brooder plant on
the site or not. He will perhaps
wall until spring before making a
decision on this, he said. The old
school was located on u. S. Route
AZ about u mile west of the inter-
section of routes 33 and AZ where
the village of New California
stands.
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13

Mrs. Charles Wentz in st. Peters
burg, Florida.
Mr.. and Mrs. w. D. Sprague are
staying at the home of their son
and daughter-in-law, Mr.. and Mrs.
Douglas Sprague in Short Hills,
n. J., while the latter are on trip
to South America.
Mrs. Burton Myers was the Sun
day guest of her son and daughter
in-law. Mr.. and Mrs. Earl Myers
and family in Springfield.
Miss Margaret Dunlap of Day
ton spent last weekend at the
home of her aunt, Mrs. Fred Bown.
Mr.. and Mrs. Edwin Coil and
Larry returned home last Satur-
day after spending the holidays in
Florida.
Mrs. Fred Miller entertained the
members of the WSCS in her home
Tuesday evening.
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13

sters who get married impulsively,
apparently without much thought
of the responsibilities Of matri-
mony and establishing family.
But from the point of view of in-
come, most newlyweds seem 70
have at least a fair foundation up
on which to build. In four out of 10
new marriages family income ex-
ceeds $4,000 year, or about $50
a week.
And now to the most human as
pect of marriage. The Office of VII
tai Statistics report simply states
that the proportion of childless
couples decreased rapidly with
each additional year of marriage" :"
which means that babies begin to
make an appearance
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
Convenience Item
Sales Up Despite
Increase In Cost

Convenience items scaled new
heights in the world of food dur
ing 1855.
Frozen foods of all kinds met
with increasing favor among the
homemakers of this area, accord
ing to A & P Food Stores.
Whole dinners - turkey, chick
en- and others - with a liberal tas-
ty supply of meat, potatoes, vege-
tables and gravy zoomed from
supermarkets to kitchen ovens to
dinner tables. Cooked fish, fillets
and sticks, requiring only warm
ing became greater favorites dur
ing 1855.
Pre-mixed flour packages that
were popular several years ago
and became more and more popu-
lar year after year, took on a new
appeal. Packages containing not
only the flour, but also the frost
ing, were in great demand.
Another innovation that pleased
homemakers was package con-
tanning pie crust mix and the fill
ing, too, so that everything needed
was Immediately available in usa-
BILE form. Some of the packs in
cluded the cooking tins. They need
only removal of the paper wrap
ping, and popping into the oven,
to be ready for eating.
Icebox cakes, cookies and pies
at the other end of the tempera-
ture scale also climbed in pub
lie favor. Instead of being placed
in ovens, these items are refrig-
Grated for an interval to prepare
them for eating.
Frozen soups made substantial
headway also during 1855, many
of them varieties that were long
considered not susceptible to this
kind of preparation: potato soups,
fish steWs, and others.
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13

You can buy it on its name alone
this big, high-powered SO Pontiac
and be safe in the knowledge that
you couldn't have made a better
investment in years of dependable,
carefree motoring.
} The good things you've been hear
ing about Pontiac for years assure
you that.
But 'go" is the Uord for SO! Per-
formance so new and dramatic it
must be experienced to be believed
A short spell behind the wheel will
nail that statement down as a fact.
Come along for drive and see.
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13

Terms - Cash
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
One Of Three Are
Wed On Shoestring

If marrying on a shoestring"
can be defined as going to the al
tar on an income of less than SEQ
a week about $1,000 a year-then
one out of every three newly
wed couples falls in o this cate
CORY, says the Institute of Life In
surance.
Citing study made recently by
the National Office Of Vital Stat
istics, the Institute points out that
35 per cent of couples newly-mar-
ried at the time of the survey had
annual incomes of less than $4,000.
Some of these couples, by care
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
PUBLIC AUCTION
CLOSING OUT SALE

dcontinune farming and will hold complete
the farm located eight miles west OF Plain City
Ohio Route ISL or = miles east of Irwin, Ohio, on
Madison County Democrat. (London, Ohio) 19??-1958, 1956-01-13
Wednesday, January Is, 1856
O. HEREFORD CATTLE - 8

HEREFORD cATTLE-s
Poed Hereford calf hefers May registered
old bull good type Health furnished
s i Hd oS bGap and s I aG G eae
proxrnateiy weight pounds.
arRAcroRs - COMBINE PICKER
1851 I rt ov with en nf Sde p heads fo and
isss Ford tractor in good condition Extra
MN F 5 ] ed with moo n soo i condition. sf oe y oW
1-PR pull type corn picker used one season
TRUCKS FARM MACHINERY
high high gsn bed and hydraue dump extra good and only
w s 80 5 oot y Gn elevator @ drag and oo sor
outfit John Deere 1877 tractor grain drill 3l2 M
Durham vi M New Idea s
rubber section harrow Flow
planter Horn trent ny loader Dun
tank; Good trailer
Grease GD s pmp a Scout s@
mower; Etc.
EQUIPMENT
b. s ssr o me h0 sne o2 hog oses 5 @
gal stock and hog tan tank with burner m Round metal feeder Three
hog fountain and winter fountains hog hurdles
GRAIN
cutting alfalfa hay 500 bales straw
HOUSEHOLD GOODS
SALE, tPRvATE sALE)
This good 1s4 farm has been in the Reley family
FENCES % tiled ba machinery nd s
G P o m9e5n and m This This
write Don De Vault Reaor Delaware phone 3259
AUCTIONEERS NOTE good machinery equipment
miss this sale
SALE STARTS AT 1900 A. M.
Terms Lunch Responsible For Accidents
Mr.. and Mrs. Frank ". ReiIIey, owners
Delaware Ohio and Dick Westervlle
Auctioners
Howard De Vault, Clerk = Evelyn Berry, Cashier
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-07
BY ED MORSE

ASSOCIATED PresS FINANCIAL writer
NEW YORK, Oct. 6 (P).-The
stock market broke a string OF
three straight weekly declines and
posted a fair gain this week.
The Associated Press average
Of so stocks rose $3.50 to $177.50.
The week had an ominous be-
ginning. On Monday the market
looks its worst beating since June
8, the day of President Eisen-
hower'S intestinal illness. The
AP average was hammered down
to its lowest point since January
%, close to the years low, indi-
eating that almost all the years
gains, including the all-time high
Of April. had been erased.
But the Monday show ended
with a final bit of drama that
gave announcement to the bulls.
There was a determined recovery
drive just before the close. This
pared the losses and even con-
verted some to slight gains.
Sign Of "SelIing Climax"
This upward jog at the end
of the Monday break was re-
garded by many brokers as a
sign of a selling climax" in
the overall downward trend of
the past two months.
On Tuesday the upward jog
of late Monday was continued
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-07
NEW YORK COTTON

NEW YORK Oct. 6 R.-The cotton
course this week.
Futures we're strong at the opening.
easaed a. midweek. and frmed up again
contracts on the New York Cotton tx.
change made new ife-of-confract hiehs
lIney closed out the period with net
price changes ranging from 81 90 q
CAFE higher 70 30 cents lower The spot
month scored the biggest gain.
Private crop estimates published in
adyanee OF the United States Agriculture
Departments October forecast RANGED
from l3.O03,O0O % l3.435.0n0 bales
Inc averaEe was i3.235,000. This COM
pares Win, the Governments September
forecast Of i3.i1500O bales and would
indicate q prospective gain OF $4,000
Tie ofaeisl forecast will be announced
Traders noted tina, entries into IN.
TENDER were running far ahead Of ne
year-ago rate According 10 the latest
Commodity Credit Corp report entries
i !or me current season through sep-
time high for the period. Last season
only 356. 900 bales had been pie6SsS
through septembers and entries for The
iull season totaied . record 1900. 0O0
The Gee sold 351 $3.50 bales Of Gov.
ernment.owned upland cotton under its
export progrem against bids opened
basis middling one-ineh, was 1920 cent
price Or Sse2 cents S n .h ~ 'v cccss
previous sale.
80 Tar i was pointed out. the Gee
has solo total OF 4.166,5ss bales on
o9Tysrnmen, owned cotton tof export
day we're estimated a. 65e. O00 bales
W. only 10000 a year earlier
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-07
BUSINESS
BRIEFS

Crude Petroleum Stocks, do
lmestic and foreign, on September
20 totaled 278. 1855, 900 barrels, up
I4.053,000 for the week.-Bureau
of Mines.
Passenger car production last
week totaled 56,176 units COM
pared with 43,369 assemblies last
week and with 80,371 in the like
1855 week. Truck output was
Il9,S08 units. Last week 1889
units were built.
Stockholders Of Trane Co, air
conditioning manufacturers, have
approved 3-for-2 split in the
form of q 500 dividend.
American Export Lines and
Trans World Airlines have an
nounced they will offer a new
type of packaged sea-air cruise.
The tours generally will call for
"a steamship cruise eastbound
and return to the United States
by airliner.
At long last-A upper that
can't catch or snag is announced
by Ideal Fastener Corp. It is a
protective covering which pre-
vents the upper chain from
contracting anything but the zip
per tape.
India and Japan have agreed
to give each other most favored
nation" treatment in trade and
commercial matters until the
end of next March.
Burlington Hosiery announced
a general wage increase effective
October 8. Amount was not
specified. The company en-
ployes $500 workers in 10 plants
mostly located in North Caro-
lima. Virginia. Tennessee and
Alabama.
West Germany expects to pro-
duce 23l2 million tons of steel
this year for an all-time record.
This will be a whopping 81 mil
lion ton increase over last years
output of 21.3 million tons.
Franklin Stores reports earn
ings of about $250,000 or 80
cents a share for the quarter
ended September 80. 10 per cent
higher than the $212.600 or %
cents a share in the like 1856
period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-07

CLEVELAND. - Here in the
heavily industrialized Cleveland
area. a great test case well may
be in progressed the ability of
Americas strong. efficient but
smaller independent corporations
to stand up to the direct compe-
tition of our massive industrial
giants.
For many years, Cleveland has
been a key automobile parts cen
ter Of the Nation. Because no
complete cars are assembled here,
Cleveland rarely is identified as
a leading automobile production
city. but actually it ranks second
only to Detroit on this. Naming
the names of prosperous indie
pendents here isn't important;
suffice it to say that it is highly
probable an impressive number
of the parts in the car you are
driving today came from this
hardware and handyman" city
Of our land.
In the last few years. though,
something of profound signifi-
canoe has been happening.
The big Three" auto makers
which until recently have been
content to buy a large percentage
of their parts from independent
suppliers-are moving in a large
way on their own into the Cleve-
land-Northeast Ohio region.
For the first time, in short.
the Big Three themselves are
pouring hundreds of millions
into their own parts plants in
this section-and for under
standable reasons. The tendency
is for the giants of industry to
make more Of the parts they
need on their own, depend less
on outside suppliers.
Right now the operations of
the Big Three are bringing major
prosperity to the area, are pro-
viding jobs for tens of thousands
OF skilled workers in this region.
But Cleyeland's prosperity as
a city is not the whole tale.
The heart Of the test is: What
viii this development mean to
the now-strong independent auto
parts manufacturers over q
period Of time?
Unless the independents diver
sify themselves to the point
where they can shrug of the
loss Of orders from the auto
giants, what will happen to
them as the auto makers bypass
the independents to buy more
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-07
PEOPLE
BUSINESS
Equitable Life Assurance So

Equitable Life Assurance So
ciety has appointed Kent r.
Mullikin to the new post of East
ern division manager of the city
mortgage department, with
headquarters here. He has been
Equitable loan supervisor here
and before joining Equitable in
l945 was with the Maryland
Realty Investment Trust. He is
board chairman of the First
Federal Savings g. Loan Associa-
ton in Laurel and a director of
the Citizens National Bank of
Laurel.
Association Of State Planning
and Development Agencies has
named Edmund N. Robertson ex-
tecutive vice president, with head
quarters here. He succeeds Les
lie H. Prince. who retired.
Southern Wholesalers appoint
ed Edward S. Shapiro manager
lof the electronics parts depart
ment and director of advertising
and promotion.
HOrwath g. HOrwath, account
ing firm, promoted Anthony L.
Pikul Of Washington to manager
OF its Minneapolis office. Mr..
Pikul has been assistant man.
Iager here.
Ernest E. Blanche g. Associ-
ates Of Silver Spring named John
N. Layman, jr., manager Of its
new electronic data processing
unit. He has been with the IBM
Service Bureau OF Washington.
Greer Hydraulics. Inc, has
named Archie N. Colby general
sales manager with Offices at
New York International Airport
He formerly was with the Johns
Hopkins University Operations
Research once in Chevy Chase.
Md.
Federated Plans. Inc, has ap-
pointed Leonard c. Hoar as reg
istered representative.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-07
HOW A BELLHOP'S
BONER HELPED
NE EARN $4,000
BY a Wall Street Journal
Subscriber

One time on a business trip got
to the hotel late at night. The only
room could get was an expensive
suite. Next morning the bellhop
handed me a copy Of The Wall
Street Journal by mistake. "Some
rich guy must have had this room,"
/ said to myself.
Well, l looked at The Journal.
For the first time in my life l began
to understand why some men get
ahead while others stay behind. /
learned about the far-reaching
changes taking place in America.
I found out about new inventions,
new industries and new ways of
doing business that are helping
ambitious men earn money. | sent
$50 for a years subscription to
The Wall Street Journal and, be-
heve me, it has paid off. Last year
my income was $4,000.
This story is Typical. If you think
The Wall Street Journal is Just
for millionaires, you are WRONG!
The Journal is a wonderful aid to
salaried men making $1,000 to
$4,000 a year. 1t is valuable to
owners Of small businesses. It can
be Of priceless benefit to ambitious
young men who want to earn more
money.
The Wall Street Journal is the
complete business DAILY. Has
largest staff of writer's on business
and finance. The only business pa
per served by all four big press
associations. 1t costs $50 a year,
but you can get a Trial Subscrip-
ton for three months for Sc. Just
tear out this ad and attach check
for Sc and mail. Or tell us to bill
you. Address: The Wall Street
Journal, a. Broad St., New York
a, N. Y. ws M