Newspaper Page Text
—THE PEMBROKE JOURNAL, Thursday, July 17, 1969
Page 8
I
Gov. Lester Maddox
Reporf|^|iit People
ATLANTA (PRN)-There
are some people in our State
who cannot see beyond today.
Some people in our big
cities cannot see beyond their
own city limits.
Some people are so
wrapped up in politics that
they cannot see beyond the
next election.
And, since most of these
near-sighted people are sought
out by the
influential
Atlanta
news media
to tell their
stories to
Georgians
looking for
the truth,
and Georg
ians who
have no
other way to get the truth
except from the news media,
what we see, in many cases, is
the blind leading the blind.
During both the regular and
the special session of the
General Assembly this year, a
lot of people failed to see the
terrifying increase in the drug
abuse problem with our young
people which ten additional
GBI personnel would have
helped to lessen.
Many could not see that we
must continually provide more
schoolrooms, more university
classrooms and more
dormitories to meet the
ever-increasing needs
presented by a ’ growing
population which must be
educated, and educated
properly.
Most of you are interested
enough in your communities
and in your State government
that you already know what
the Maddox Administration
tried to get passed in the
General Assembly this year;
and you know, just as 1 know,
that the needs were not
exaggerated and that anybody
willing to look beyond petty
politics and personalities could
have seen them.
Even now, we hear a lot of
myopic politicans still calling
for a local option sales tax to
take from the have nots and
give to the haves.
Now, I’m as much in
sympathy with the big cities
and their problems as anybody
who has ever occupied the
Governor’s Office, and for
that very reason, I will not
quietly stand by and let the
citizens of our major
metropolitan areas be sold a
false bill of goods.
Certainly we need to work
to cure some of our big city
ills, but, even more
importantly, we need to work
toward providing some
preventive measures.
Passing a local option sales
tax to benefit a few of our
cities and some of the people
before you do something for
all of our cities and all of our
citizens is like drilling a hole in
a leaky boat to let the water
out. Your "cure” only adds to
the problem.
You may be sure that I will
continue to oppose special
revenue for special purposes
and special people until state
government faces up to its
responsibility and provides
needed help for all of
Georgia’s cities, all of
Georgia’s counties, all of
Georgia’s school systems and
/m Our Time \ -us
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SCENE LONG BEFORE MAN... 1
^HELR CAPACITY FOR MULTIPLYING
/S INCREDIBLY GREAT...
THE U. S. 3UREAU OF ENTOMOLOGY HAS
DEMONSTRATED THAT ONE HIBERNATING FEMALE
FLY COULD EASILY PROVIDE 5Mt TRILLION MORE
FLIES FROM APRIL IS 70 TEE ENO OF SEPTEMBER.
FLIES, LIRE HOST INSECTS, ARE BORN
EDUCATED. NO ADULT NEE OS TO PEEP
teem, when THE/R LIFE PURPOSE HAS BEEN
accomplished, they die.
[W//., MAN, AS THE INGENIOUS OBSERVER,
' I RESPECTS THE BEE AS A SOURCE
/ / 1 OF FOOD FOR ITS ROLE AS POLLINA TOR
' OF PLANTS. HE ABHORS THE FLY
lilt ' FOR /TS ROLE AS SCAVENGER
ANC> CONSIDERS IT A PEST.
ONE OF THE MOST POPULAR P
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FLYING INSECTS IS SHELL'S W _Z
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TOES FOR UP TO A THREE f| Isl
MONTH PERIOD. “
all of Georgia’s citizens.
I consider myself to be
everybody’s Governor, and, as,
long as I am in office, I will
direct my thinking, my
planning and my efforts
toward serving all of the
people in this great State.
Some people would have
other citizens bring their
dollars to the big cities and
then go on home and starve.
They are saying, “Help up to
build more service stations,
bigger banks and richer
shopping centers . . .leave your
tax dollars and your spending
money with us . . .then go on
home and watch your own
community dry up .. .we
don’t care about your children
or your job opportunities or
your schools ... we don’t care
if you get better streets and
recreational facilities.. .in
fact, we don’t care about you
at all . . .we just want your
money . .
Lester Maddox doesn’t go
along with that kind of
thinking, and 1 won’t go along
with it as long as 1 am
Governor of Georgia — and
that will be until at least
January, 1971, and it could be
even longer.
There are many small
towns and communities
throughout this State which
are just like diamonds in the
rough. All they need is a little
polishing to make them shine,
and to make them valuable
partners in our overall
economy.
These communities are not
just little run down stores and
old-fashioned filling stations
with a few houses swinging
and swaying in the breeze;
they arc made up of people —
human beings — they are
made up of our fellow
Georgians.
And these people, both
white and black, have families
that they love, little children
to feed, dreams to fulfill and
promises to keep.
They are not looking for
handouts. They are looking
for opportunities.
Opportunities that can come
only from industrialization.
And that industrialization can
only come when local
governments have the funds to
provide sufficient water and
sewerage facilities, adequate
schools, fire and police
protection, recreational
facilities, and all the other
things which industrial scouts
look for when they go hunting
a site for a plant.
Now, we can do like one
big city politicians suggested
and just let most of Georgia's
cities and counties dry up and
blow away and pump all the
money of these citizens into
the major metropolitan areas,
to help pay for more handout
programs and bigger police
departments.
We can tell the thousands
of fathers and mothers who
have been displaced by the
industrial revolution that, if
they want to feed their
children they will have to
thumb a ride to Atlanta, move
into a housing project and get
on welfare.
They won’t like it, but
what can they do about it?
They certainly are not going
to walk five or ten miles to
vote a politician out of office
who doesn’t give a hoot about
their future.
Chronic Hunger
Breaks Child's
Spirit-Herman
ATLANTA, (GPS)—“There
is nothing more damaging to
the spirit of a child than
chronic hunger. And yet such
hunger has become away of
life to millions of American
children whose parents are
either unwilling or unable to
provide them with adequate
food.”
Thus declared U. S. Sen. Her
man E. Talmadge in a radio
report to Georgians in which
he discussed legislation which
he had just introduced in the
Senate to expand and improve
the federal school lunch pro
grams.
In introducing his bill, the
Georgia senator told his col
leagues:
“Last April I toured school
lunchrooms of my state to in
vestigate the breakfast and
lunch programs. At that time I
made a commitment to not only
my people of Georgia, but of
the entire nation. I promised
that I would introduce legisla
tion in an effort to insure that
no child who came to school
hungry would go home hungry.”
The major portions of Tal
madge’s bill would:
Increase funding, especially
for economically deprived areas,
and require greater state parti
cipation.
Provide funds to poorly
equipped schools for the pur
chase of lunchroom facilities
and equipment.
Allow private food services
to provide temporary assistance
to schools where new equipment
could not be installed immedi
ately.
Allow “the lunch t ofollow
the child.” Thus, needy families
living in a wealthy school dis
trict would not be penalized be
cause their neighbors could af
ford to buy lunches and they
could not.
Establish a National Advis
ory Council on Child Nutrition.
Sen. Talmadge cited two maj
or purposes behind his propos
al. Eirst, he said, “We must use
food as a tool of education. A
child cannot learn if he is hun
gry.” He said numerous school
administrators note a marked
improvement in school attend
ance when free or reduced-price
Ipnch programs are instituted.
Second, Talmadge said his
bill represented an attempt to
help break the poverty-welfare
cycle. He elaborated:
"In far too many cases, lack
of adequate food has already
left its mark on poverty-strick
en adults. The most tragic
aspect of this problem is that
many of these deprived adults
are producing offsprings who
must endure the same unfortu
nate cycle of poverty.”
A member of the Senate
Agriculture Committee and the
Select Committee on Nutrition
and Human Needs, Sen. Tal
madge praised the present pro
grams, but added, “The primary
shortcoming of all of these is
a shortage of funding.”
He said that of 6-million
school-age children in families
earning less than $2,000 a year
and—or receiving Aid to Fami
lies with Dependent Children,
fewer than 2-million partici
pate in the program.
County Agent
News
By D. E. Meddera
SECRETARY HARDIN COM
ING TO ATHENS FOK LIST-
ENING CONFERENCE,
JULY 24
Farmers and farm industry
leaders from eight southeastern
states will be on the University
of Georgia campus Thursday,
July 24, to tell Secretary of
Agriculture Clifford M. Hardin
what’s on their minds.
The occasion is the fourth in
a series of “listening confer
ences” which the Secretary is
holding across the country. Ses
sions have already been held in
Pullman, Washington; Lincoln,
Nebraska; and Fresno, Cali
fornia.
Some 2,000 persons are ex
pected to attend the Georgia
meeting at which 25 to 30
speakers will express their
views on a broad range of agri
cultural topics.
States involved are Alabama,
Florida, Georgia, Mississippi,
North Carolina, South Caro
lina, Tennessee and Virginia.
Puerto Rico will also be rep
resented.
The conference will be held
in the University of Georgia
Coliseum beginning at 10 a.m.
Speakers will begin registering
at 9 o’clock.
Significant policy issues—in
cluding rural-urban relation
ships, hunger and malnutrition,
farm prices and programs, nat
ural resources, conservation,
the structure of agriculture and
others—are expected to be dis
cussed.
Scheduled speakers, repre
senting virtually every major
farm organization and agricul
tural commodity in the South
east, will have an opportunity
to make brief oral statements.
The program also allows time
during the morning and after
noon for unscheduled speakers.
Unscheduled speakers are re
quested to register and bring
copies of what they will say.
Any person who does not have
an opportunity to speak due to
lack of time may file a written
statement with the Secretary.
Top members of Secretary
Hardin’s staff, including Under
Secretary of Agriculture J. Phil
Campbell, will also attend the
Athens conference.
Secretary Hardin will make
brief opening remarks and then
turn the program over to Dr.'
Henry W. Garren, dean and co
ordinator of the University of
Georgia College of Agriculture,
who will preside.
Cooperating in the arrange
ments for the meeting are deans
of colleges of agriculture in the
other participating states.
There will be an hour's break
in the program for lunch, and
the conference will adjourn at
4:30 Thursday afternoon.
State Troopers
Commended For
Holiday Effort
ATLANTA, (GPS) — Al
though Georgia’s traffic death
toll over the long Fourth of
July holiday week-end exceed
ed the 24 fatalities predicted,
the State Patrol did a credible
job in holding down accidents
which resulted in substantially
fewer injuries than were ex
pected.
This is seen in an Accident
Reporting Division report of
the patrol's activity during the
recent 78-hour holiday period.
In releasing the statistical re
port, Lt. Col. L. G. Bell, deputy
director of the Georgia Depart
ment of Public Safety, was high
in his praise of the troopers’
performance.
“If our troopers hadn’t done
such a good job, there’s no tell
ing how high the total might
have gone,” Col. Bell said. “I
have never seen our patrolmen
work any harder or with more
dedication to duty. The truth
is, we just don’t have enough
men to adequately patrol Geor
gia’s vast network of roads.”
The report showed that while
there were 26 traffic deaths—
two above the 24 predicted—the
number of accidents was held
to 835—293 below the 1,128 pre
dicted. The result: 55 fewer in
juries than the 360 forecast.
The patrolmen, while working
a total of 17,359 hours, covering
259,892 miles, issued 7,495 ar
rests and warning tickets to
motorists.
Card Os Thanks
I would like to take this op
portunity to thank all those
who were so kind to me during
the recent death of my mother,
for flowers, and food, visits and
prayers 1 am forever grateful,
May God bless each one of you
that helped make my burden
lighter. Thanks to my many
good friends.
James A. Stewart
and Family.
Panel finds Soviet drive for
sea power.
•TOS theatrC
Pembroke, Georgia
Show Time: Theatre Open
Each Night Except Sunday.
Only One Complete Show Each
Night at 8:15 P.M. Saturday
Continuous Showding from
July 16-17 Wad., Thura.
THE MAD ROOM
(In Technicolor)
Shelly Winters Stella Slevom
July 18-19 Fri„ Sat.
THE HEART IS A LONELY
HUNTER
(In Technicolor)
Alan Arkin, Sandra Locke
July 21-22 Mon , Tues.
THE MINI-SKIRT MOB
(In Pathe Color)
Jerry Slate, Diane Mcßain
July 23-24 Wed., Thurs.
COOGAN'S BLUFF
(In- Technicolor)
Clint Eastwood, Susan Clark
4-H'ers Attend
Camp At
Rock Eagle
Monday morning, July 14, a
group of very excited boys and
girls boarded a local school bus
headed for the Rock Eagle 4-H
Center near Eatonton, Georgia
along with Mr. D. E. Medders,
Country Agent; Mrs. Marjorie
V. Jones, Extension Home Eco
nomist; and Mrs. Jewel Owens,
County Health Nurse.
Twenty-one counties will car
ry campers to Rock Eagle this
week and Bryan County will
contribute thirty-six campers.
The counties are divided into
three Indian tribes, the Chero
keep, Shawnee, and Muskogee
—Bryan will be classified as
Shawnee. The campers will stay
in cabins provided by the 4-H
Club Center, and their week will
be filled with lots of entertain
ment and interest classes.
Those attending from our
county are: Debra Alford, Lynn
Williamson, Joyce Stewart,
Beth Hattaway, Virginia De-
Loach, Lisa Williamson, JoAnn
Robinson, Susan Ellis, Deloris
Cowart, Leslie Curry, Diane
Kennedy, Mary Ann Moreland,
Patty Mock, Melanie Speir, Jo-
Ann Speir, Ronnie Williamson,
Dennis Hendry, Jimmy Saxon,
Bob Williamson, Jack Gard
ner, Joe Hill, Kenny Meekins,
William Strickland, Russ Shu
man, Wayne Purcell, Johnny
Burnsed, Joey Burnsed, George
Hagin, Tony Kicklighter, Don
Owens, Hal Shuman, Steve Har
vey, Benny Conley, Rad John
son, Neal Bennett, and Grady
Hughes.
The campers will return Fri
day afternoon after spending a
week at Rock Eagle filled with
fun and educational events.
Ga. State Parks
Set New Record
For Fiscal Year
ATLANTA, (GPS) — Geor
gia’s state parks in the just
ended fiscal year broke all pre
vious records both in attend
ance and revenue, according to
a report released by State
Parks Director John L. Gordon.
Overall attendance in the far
flung parks system was 7,455,-
340 for the fiscal year ended
June 30. This compares with
6,777,335 in the previous year,
an increase of 678,005 park
visitors —a 10 per cent gain.
Gross receipts at the parks
during the past fiscal year
brought in a record amount of
$1,092,466, an increase of $214,-
038, or 24 per cent over the
previous year. This increase
was in all areas of revenue-pro
ducing facilities at the parks.
Commenting on what he
termed “phenomenal increases”
in the state parks’ operation,
Gordon said, “This is the first
time in the history of the Geor
gia Department of State Parks
that receipts have exceeded the
sl-million mark.”
Well aware of the ever-in
creasing need for more outdoor
recreation facilities throughout
Georgia, the parks director
said his department continues
to acquire more land for park
development and expansion in
an effort to meet the demand
and to establish Georgia’s parks
system as the best in the na
tion.
Evidence of this is the fact
that five new parks are sched
uled to be opened this year,
while the expansion of a num
ber of existing parks current
ly is under way. Georgia’s new
est state parks include these:
Hart State Park, two miles
north of Hartwell; Mistletoe
State Park in Columbia County,
10 miles north of Appling;
Hamburg State Park, 16 miles
north of Sandersville in Wash
ington County; Richmond Hill
State Park in Bryan County
southwest of Savannah, and
Watson Mill Bridge State Park
in Oglethorpe County situated
some 17 miles from Athens.
d^SAVE THE CAN
pCOV? AND KEEP
AMERICA
BEAUTIFUL
DECORATING CANS
There are many new differ
ent, and unusual uses to which
you can put empty Canada Dry
cans simply by decorating
them.
Thinking of new uses for
empty cans and of ways to
decorate them appropriately
can be fun. With a little imagi
nation and ingenuity you can
cover them with just about
anything.
For example: You can coat
can with plaster of paris and
work in interesting designs be-
Your Family Finance
WHAT IS
The truth-in-lending law,
effective July 1, covers virtu
ally all credit for personal,
family or farm use up to
$25,000, and even more in real
estate transactions. It’s bound
to affect you.
How the new law will
change America’s whole credit
vocabulary was explained re-
cently by Ken
neth V. Larkin,
senior vice presi
dent of Bank of
America and
chairman of The
American
Bankers Associ
ation Instalment
r---j ; . r „
Credit Com- „„ , .
... ™ MR. LARKIN
mittee. His com-
ments should prove valuable to
anyone shopping for bargains
in credit.
“Everyone should under
stand that this law doesn't
change credit rates,” he began.
“Its primary purpose is to
make sure that the customer is
fully informed about all the
costs and conditions of any
credit contract. Among other
things, it requires that all
lenders use the same method of
stating credit charges —either
the annual percentage rate, or
up to January 1, 1971, its
dollar equivalent. This makes it
much easier to comparison
shop for credit.”
“Before this law," he con
tinued, “banks often quoted
charges in terms of dollars per
SIOO per year, either add-on or
discount. Those latter terms
refer to two different ways of
writing instalment loan con
tracts.”
Mr. Larkin explained that
“add-on” meant that the fi
nance charge was added to the
principal to arrive at the a
mount to be repaid, while “dis
count” indicated that the
charge was deducted from the
principal at the time the loan
was made.
“Under the new law,” he
said, “a bank that used tc
quote $6 per SIOO per year
add-on on a one-year loan will
now talk of an 11% annual
rate, or sll per year per SIOO
on the unpaid balance. The
actual cost, of course, is the
same.”
When asked why this should
be, he pointed out that the old
dollar rate applied to the total
amount borrowed, though the
SPECTACULAR RELIGIOUS PAGEANT HAS CAST OF 500
Christ arrested by Roman Soldiers in Hill
Cumorah Pageant (top left). The savage King
A prophetic vision of the Na
tivity in Bethlehem is granted
to the people of an ancient
American civilization as por
trayed in the Mormon Pageant.
The history of the Lord’s
followers in ancient America
and the ministry of Jesus
among them following his
; death and resurrection in Jeru
salem, as recounted in the
Book of Mormon, will soon be
portrayed by a spectacular
Pageant with a cast of 500 in
the Finger Lakes Region of
, New York State.
The spectacle, which has
been referred to as “the most
elaborate religious pageant in
the world,” is the 32nd Hill
Cumorah Pageant, and will
take place near Palmyra, New
York, Monday through Satur
, day nights—July 28 through
; August 2.
s It traces the Book of
Mormon chronicle of a group
। of Israelites who were in
, structed by the Lord to flee
. the destruction of Jerusalem in
600 B.C. and found a new
J civilization in the New World.
Plates of gold inscribed with
fore it hardens. Or, you can
soak cheesecloth on starch and
apply to can surface when still
wet.
Here are some other uses,
when decorating the can is not
only appropriate but necessary.
Pebble Can—(Fig. 3) Pfeb
bles, aquarium stones or beads
make an unusual covering.
First, paint top and bottom
TRUTH-IN-LENDING?
borrower didn’t have the use of
the entire amount for the
whole year. After six months
of a one-year loan, half of it
had been repaid, so the average
amount outstanding was only
about half the original total.
Since the annual percentage
rate is determined by dividing
the finance charge by the aver
age amount outstanding, the
figure would be almost double
that of the old dollar rate.
“Remember, only the lan
guage has changed,” he cau
tioned. “The cost to the cus
tomer is the same. It isn’t just a
simple conversion from dollar
rate to annual rate, however.
When figuring the new rate,
some items not usually covered
in the old dollar rate must be
included—service charges and
fees for credit reports, for ex
ample, and credit life insurance
when required by the lender.
Still, the borrower has always
had to pay these items, so
there is no actual change in
cost to him.”
Mr. Larkin went on to dis
cuss how the new law applies
to bank credit cards and revolv
ing credit accounts. Finance
charges on these accounts have
usually been expressed as a
monthly rate—a percentage of
the unpaid balance each month
on the billing date. To arrive at
the annual percentage rate re
quired by the new law, this
monthly rate is simply multi
plied by twelve. Thus, a IW%
monthly rate becomes an 18%
annual rate.
“You will note that the
rates quoted on this type of
account are quite a bit higher
than those on simple instal
ment loans," Mr. Larkin
pointed out. “This is somewhat
misleading. In the first place,
the customer usually gets a
grace period of at least 30
days— up to two months—
during which he can pay his
bill without any finance charge
at all for the credit he uses.
Since most people pay off this
type of credit in six months or
less, the interest-free grace
period may amount to a third
or half of the period when
credit is extended, reducing the
effective rate proportionately.”
“Os course, the amounts in
volved in bank credit card and
revolving credit accounts are
usually smaller and the
monthly processing expenses
i S ft BUaa..
Lamoni (top right) in long white robe is
talking to missionary from the Nephites.
ST ' Mvi HW®
*
The Bible, held on the left by
Judah, is the record of God’s
people in the Holy Land. The
Book of Mormon, held on the
right by Joseph is regarded by
Mormons as the record of
God’s people in the New World
from 600 B.C. to about 400
A.D.
this chronicle were buried on
Hill Cumorah and were taken
up 14 centuries later, according
to Mormon belief, by Joseph
Smith, founder of the Mormon
Church, under the guidance of
the Angel Moroni.
The cast comprises young
men and women missionaries,
many of them from the Rocky
Mountain states, who are as
signed for two years to New
York State; of members of
Mormon congregations in the
area; and of men and women
students of western colleges.
All performess pay their own
travel and living expenses and
consider it a high honor to be
chosen to appear in the Pag
eant.
Among the special effects
contributing to the spectacle
are multicolored lights which
play upon a curtain of water.
One of the most impressive
moments is the destruction of
the city of Zarahemlah by
earthquake and conflagration
in which lightning flashes,
thunder claps and smoke is so
realistic that many spectators
have claimed they actually felt
rims with glossy enamel. Apply
layer of self-hardening clay to
entire surface, leaving rims ex
posed. While clay is still soft,
press in pebbles, stones or
beads.
1 V ■< ii r* 1
News Montage—(Fig. 2)
News paper clippings about
favorite people or events, will
turn a can into a cool holder of,
odds and ends. First, paint top
and bottom rims with glossy
enamel. Overlap clippings.
Apply with white paste. When
are proportionately much
higher,” he explained. “With
an instalment loan, the only
processing involved each
month is recording your pay
ment. With a credit card, the
bank must record each indi
vidual purchase, then total
these charges at the end of the
billing period, compute the in
terest on any unpaid balance,
make out your bill, mail it, and
finally, record your payment.”
Mr. Larkin noted that mort
gage rates are lower than re
gular instalment loan rates be
cause the average cost to the
bank per dollar loaned is lower.
The amounts of the loans in
volved are substantially larger,
and the repayment periods are
much longer. This helps to
offset the monthly processing
expenses, and the bank passes
on the saving to the customer
in lower cost per dollar
borrowed.
.The truth-in-lending law will
have comparatively little effect
on the description of mortgage
rates, according to Mr. Larkin.
“Mortgage rates have usu
ally been described in terms of
simple annual rates," he said.
“Under the new law, however,
if points, finder’s fees or other
charges are required, these
must be included in the finance
charge. Although the effect of
this requirement is to increase
the rate quoted to the bor
rower, the actual cost remains
the same because the borrower
has always paid these other
charges."
“The truth-in-lending law
should foster the informed use
of credit by consumers,” Mr.
Larkin concluded. “The re
sponsibility is still in the hands
of the customer, though. Once
he has all the information, it is
up to him to make a reasonable
decision, based on the quality
of goods and the terms of the
loan involved, as well as on the
cost of credit.
“Banks are solidly behind
this new law, not only because
it will aid their customers, but
for purely selfish reasons as
well. We know that bank rates
are among the lowest available
anywhere. With the new law
making it so much easier to
compare rates, banks can't help
but benefit.”
TH
When a righteous prophet
denounces him, the wicked
King Noah has him burned
at the stake.
the earth trembling beneath
them!
Resplendent and deeply
moving, the muscial score was
especially written for the pag
eant by Dr. Crawford Gates
and was stereophonically re
corded by the Utah State
Symphony Orchestra of 90
pieces, the Mormon Tabernacle
Organ and a chorus of 200.
Soldiers in gleaming armor
march and rally, kings in
sumptuous raiment preside
over courts, Old Testament and
Book of Mormon prophets
sagely counsel or sternly ad
monish their followers, and
garishly dressed savages per
form pagan rituals.
Located near the New York
Thruway, just off Exit 43, the
pageant can be seen free, with
no charge for either seating or
parking. Having thrilled the
tens of thousands who have
already seen it, the Hill
Cumorah Pageant promises to
be more exciting this year than
ever.
completely dry, apply coat of
•clear varnish or shellac.
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Take any number from one
to 10. Double it. Add six.
Divide the sum in half. Sub
tract the number you started
with. Your answer, no matter
which number you started
with, will always be three!
* * * *
If a 25-year-old gets a job at
SIOO a week, and if he gets a
raise of 5% each year so that he
earns $lO5 at age 26, $110.25
at age 27, and so forth, his
weekly earnings, by the time
he is 65, will be $704.16!