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^ C I I U N . r v < t . t i > l V l M U V L K K U K D N K S D A V , M A R C H 3. !»7« EDITORIflLS % A. G. Edwards & Sons, Inc. Weekly Market Review In early February we started to advise a more cautious approach to our Bull market, more selectivity and a greater attempt to fine tune purchases. However, market action last Wednesday, February 18, was the best we had seen since our February consolidation correction began and this prompted us to encourage more aggressive buying. Helped by the American Telephone dividend increase, stocks showed the direction of least resistance and illustrated again that pullbacks renewed heavy volume interest in market leaders which had recently lagged was an encouraging sign as it showed the return of underinvested banks. r The most apparent personality change experienced by our Bull is the great interest in lower priced, more speculative issues and in particular, stocks traced on the American Stock Exchange. This has caused concern among a number of market analysts. However, in our opinion, the Bull remains healthy and not overly speculative. We view recent interest in lower priced, more speculative issues as a sign of growing confidence and broadened interest. The refreshed Bull of Wednesday turned in a record setting performance this past Friday as a new recovery high was achieved -987 80 in the Dow Industrials-on all time record volume of 44.5 million shares. Friday's action was not, however a clear signal that the Bull was once again, as in January, going to pull everything up with it. Some stocks did appear to break out on the upside, but many did not. It appears to us that the market's action continues to confirm that the Bull is alive and well, but not that we are back on a one way street. Thus, investors and traders should not relyon a mass upward move in which all stocks are dragged along. Fundamentally, the news continues to give us confidence that there are plenty of good things ahead. The consumer price index rose a modest .4 percent in January, corporate earnings prospects remain very strong, and the money market and its outlook are still favorable. EARL R. WALSH & JACK WALSH INS. f i re Auto , Farm L i fe Represent inq RELIABLE COMPANIES 4410 W Rio l?0 . Mc MC'try 38S 3300 DENNIS CONWAY A U T O L I F E F I R E State Farm Ins. Ca 3319 W E lm St McHenry , I I I Jim DR. LEONARD BOTTARI 303 N R ichmond Rd. McHenry Eyesexamined Contac t L enses G lasses f i t ted Mon, Tw e i . T h u r s , F r i 4 6 p m T u e s . T h u r s , F r i 7 9 p m Sat 9 30 to 3 00 Ph 385 4 I SI o r 385 2J62 McHENRY COUNTY OFFICE MACHINES SALES SERVICE & RENTALS Mon Sat 9 S 30 Fr iday t i l 9 00 93 Grant St , Crys ta l Lake Ph 4S9 1726 McHenry Telephone Answering & Letter Service • Answering Service • Car, Telephone & Paging Service • Complete Mimeographing & Printing Service • Typing & Photocopying . Ph. 385-0258 "393^HltH2MSHenr7 "GATEWAY TO YOUR FUTURE" CALL US At tOOATf i *** . Farm Equipment George P. Freund.lne. Case - New Holland 4102 W. Crystal Lake Rd. McHENRY Bus. 3854420 Res. 385-0227 Halm's WONDER LAKE FUNERAL HOME 4feL 815-728-0233 385-4810 JlREL.ll RADIAL TIRES FOR ALL CARS , Europa Motors Inc 2318 Rte. 120 8 15 385 0700 ED'S STANDARD STANDARD SERVICE EXPERT TtJNE-l'P ATI. AS Tires, Batteries, Accessories QU.\UT\ American Oil Products PH. 385 0720 3817 W. ELM STREET + RADIATORS * Cooling System Specialists * AIR CONDITIONING * Trailer Hitches Fabrication +STEEL SALES * Welding & Ornamental Iron WORM OWARANTI IO ADAMS BROS. ~ McHenry (Next to Gem Cleaners) CopyMt! m %_W at our now q Important Correspondence Accounting Records Invoices 4 Statements Project Product Speciticat'Ois quick-action copy cantor. Inventory Sheets Order & B'd Forms Catalog Sheets & Bulletins Promotional Letters & Flyers Try This Convenient New Service Soon' McHENRY PRINTING SERVICES 3909 W. MAIN 385-7600 OMty-to-uso XEROX* •quipmontl WHAT'S WRONG... U-;; \t ! . /V • ' V f •" ' • ? . V , • V v r '• 'H \ t >4 •u CONVICTION AND PUNISHMENT MORE PtFFICULT 4 CRIHE we or MATI\o^e> dipping' whereby a legislator can draw pay from two or more public payroll jobs. 2. "Prohibit any state legislator from voting on a bill in which he-she has a personal or family or financial interest. In June, 1974, there were forty past and present legislators , under investigation in con­ nection with alleged payoffs by highway builders to obtain passage of legislation that - doubled the load limit of con­ crete-mixer trucks. (That's why our highways are in poor condition). . 3. "Prevent state legislators from drawing advance pay. Currently, Illinois law requires legislators to be paid/me year's salary at the start'of a new session of the General Assembly. Thus legislators are paid in full even if they die, resign or are convicted of a felony. "Also I believe that a legi felo Poor Precedent * • In questioning Supreme court' nominees, U.S. Senators are delving more and more into the nominee's views on the controversial issues of the day. This trend was in evidence in the recent Senate Judiciary confirmation hearings on Judge John Stevens. The consideration to keep in mind concerning Justices is that nominees are constitutionally chosen by the President and confirmed by the Senate, if found professionally qualified, morally acceptable and jurists of integrity. The purpose of Senate confirmation has never been to determine if the nominee's philosophy coincides with that of the majority in Congress. In recent years, however, there has been a tendency to dig deeper and deeper into each prospective Justice's philosophy, social views and opinions on current controversies. This is poor precedent, basically politics, and flouts the intent of the constitution. Nominees should not be asked to give their views on every narrow controversial question they will face on the bench, they not having studied the specific cases yet to arise. They should not be intimidated by Congress into making commitments they might not wish to keep on the basis of evidence they later mpst consider. The whole idea behind judgeship selection and function is honest independence--having men of integrity who seek to enforce the law and the Constitution and do so without regard to politics and other pressures. The Senate Judiciary committee should not overstep its responsibilities. , March, 1976 Far-off, unseen. Spring faintly cries; Bidding her earliest child arise, March!, --Bayard Taylor. March is a turning-point month, when winter begins to give way to warmer weather and the first signs of spring appear. In early colonial days, the year began in March. The name of the month comes from Mars, which in an­ cient Italian meaning was the name of the God of War. Spring officially begins on the 20th of March, this year. St. Patrick's Day comes on the 17th and the month is a notable one for New York, Texas, Maryland and Massachusetts. Maryland Day falls on March 25th. Al­ bany became the capital of New York on March 10th, 1797, and the United States Military Academy was es­ tablished at West Point, on March 16th, 1802. In Massachusetts Evacuation Day in Boston is com­ memorated on March 17th, which took place in 1776. The Boston Massacre took place in March of 1770. For Tpxas March is an historical month because on March 2nd, 1836, even while Santa Anna was besieging the Alamo, Texas was declared to be independent of Mexico. March 6th is also Alamo -Day in Texas, the an­ niversary of the fall of the Alamo, which came about on March 6th, 1836. Several mqjor birthday anniversaries occur in March. March 3rd is the birthday anniversary of Alexander Gra­ ham Bell; March 7th that of Luther Burbank; March 8th that of Simon Cameron, who founded a political dynasty in Pennsylvania which lasted for decades; March 16th that of President James Madison; March 17th that of Roger B. Taney, fifteenth justice of the United States Supreme Court; March 18th that of Grover Cleveland, the only American President to serve two-non-consecu­ tive terms as President; March 19th that of William Jennings Bryan, and March 29th that of President John Tyler, the tenth President of the United States. Also in March come Girls' Scout Day, on March 12th, and Seward Day on March 30th, in Alaska, the anni­ versary of the day, in 1868, when Russia ceded Alaska to the United States for $7,200,000. c <i t t -1 -1 • t t • K V • K Are You New In McHenry Area ? <t i • i ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ ¥ Do You Know Someone New? WE WOULD LIKE TO EXTEND A ROYAL WELCOME TO EVERY NEWCOMER TO OUR AREA ! ! ! ! ! CALL JOAN STULL 385-5418 W iiMmmiii % KNOW YOUR AREA-ROYAL WELCOME DOES IT BEST PUBLIC PULSE (The Plaindealer invites the public to use this column as an expression of their views on subjects of general interest in our community. Our only request is that the writers give - signature, full ad­ dress and phone number. We ask too, that one in­ dividual not write on the same subject more than once each month. We reserve the right to delete any material which we con­ sider libelous or in objec­ tions I taste.) POLITICAL HONESTY "Editor: "Once in a great while, the average citizen and taxpayer gets a chance to change the operation of the state govern­ ment if they are interested enough about clean politics. " 'The Coalition for Political Honesty', chaired by David Ellsworth, chief lobbyist of Illinois Common Cause, is fighting to put a stop to the following: 1. "Prohibit state legislators from receiving compensation from any other governmental unit during their term (s) in the General Assembly. In other words, this would add to the practice known as 'double The Bad Egg Time was when millions of Americans had to have their daily eggs at breakfast. The day didn't seem to start properly without it--and breakfast bacon. Now comes a court decision barring the industry's advertisements which claim the high cholesterol content of eggs isn't a danger to one's health. The court says there's "a substantial body of competent and reliable scientific evidence that eating eggs increases the risk of heart attacks or heart disease." Another recent finding is that the preservative used in much bacon and other preserved pork can be harmful if combined with coffee or cheese, etc. And so where does that leave us, concerning the old American favorites, bacon and eggs? It probably leaves us eating them less and enjoying them more. IfMlzep OR QZPUC-riOH ? PIGUI& -m -MX BOTH V*WS fOR TH* K0ENEMANN Country Made Sausages, Hams and Bacon GERMAN IMPORTS AND CHEESES \ A Full Line Of Delicatessen 815-385-6260 Just east of Rt 12 V0L0 Political Corner p convicted of a felony, should not be able to run for any sort of office or any member in his family. This is just wasting the concerned citizen's money and time when 99 percent of these politicians never go to jail or even see prison. "If you are concerned enough to fix these loopholes, then when someone comes to your door to have you sign a petition for these amendments, don't hesitate to sign it. "For more information, write to Coalition for Political Honesty, 44 Washington Blvd., Oak Park, 60302 or phone 312- 383-8422. "John F. Rogers" SUCCESSFUL EVENT "Editor: "Your coverage of the opening ceremonies of McHenry's Bicentennial celebrations was superb. The pictures, the captions, and the articles captured the substance and the spirit of the ceremony that your Bicentennial com­ mission hoped would reflect the pride all of us feel as we celebrate our country's two hundredth birthday. "I feel that the citizens of McHenry should know that Neida Rechisky and Marian Alford were chiefly responsible for the planning, organization, and direction that made the ceremony what it was. All of us are in their debt. "Ronald J. Wilkins "Chairman, "The Heritage Committee "Bicentennial Commission" The Veterans administration has guaranteed or insured 9.1 million home loans to veterans since World War II. OPEN FORD OFFICE-Governor Ogilvie to joined by Mrs. JoAnn [ Hutchinson of McHenry, Illinois at the opening jf the President Ford headquarters in Crystal Lake. Mrs. Hutchinson is an alternate delegate candidate in the March 16 primary committed to President Ford. Ogilvie heads Ford's Illinois campaign. Hold State Spending To *5.9 Billion; Lindberg year. Those same demands to spend more are already present this year for education, welfare and other programs." "For the first time in twenty- five years, we will have no surplus in the treasury to apply toward our next fiscal year's spending," Lindberg said. "We will have to borrow from FY 77 income to pay the bills remaining from this fiscal year's record spending." "Our fiscal situation remains precarious. We face much more than a temporary cash flow problem. The. Governor's fiscal 1977 budget must honor this fact. "The state must live within its limited means during fiscal 1977. This can only occur if the budget as submitted next month fully recognizes the situation' in which the state finds itself and offers*a realistic plan for the coming year. "We must depart radically from our spending history of the past two years to avert a tax hike. "A tax increase can be avoided, but only if we are willing to limit spending during 1977 to a realisitc estimate of income," the comptroller said. "General funds spending in 1977 must be held to no more than $5.9 billion - an increase of $300 million over the current fiscal year, Comptroller George W. Lindberg said last week. By doing this, a tax increase can be avoided, Lindberg said in his monthly fiscal report. THls $300 million growth limit requires strong revenue groWth of 9.5 per cent,, a figure sup­ ported by current economic forecasts. A detailed justification for this spending limit was presented in the Comptroller's report. "I am stressing the general funds budget because that budget determines whether or not the state must increase the income tax or sales tax in the' coming year," Lindberg said. In 1976, general funds spending will be about 70 per cent of the total. "It will take a monumental effort to accomplish this limitation on the state's spending growth," the comp­ troller said," because the average growth in state spending over the past five years has been $500 million a IN MUSIC "WHO'S WHO" - These East campus mask students have been selected by Who's Who Among Music Students In American High Schools. They were named on the basis of scholarship and citizenship, as well as participation in school music programs. They are, from left, first row, Richelle Allen, Judy Vyduna andDebra Maris; second row, Kathy Ahern, Rondl Cunat, Betty ZamastU and Pete Bender. STAFF PHOTO-WAYNE GAYLORD For Your Information Dear friends, During an active lifetime the accumulation of funds for later years and for one's des­ cendants can be an interesting pursuit. A time comes, however, when attention should be fo­ cused on a plan to wisely distribute one's assets prior to and at time of death. Pro­ fessional assistance should be sought for such financial planning. Respectfully, PETER Ml JUSTEN & SON lFUNERAL f ©ME McHenry, Illinois 385-0063 )