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"" ^ ' r\ ' 1 *' * " ' O5- * / ' '/vV " i wmm 2 Holiday Aqua Pools (or $2,000 in Cash) Value $3,795.00 | 3RD DRAWING AUG. 2nd 50 BARBECUE GRILLS 828.95 4TH DRAWING AUG. 19th 50 VENTILATING FANS S (Retail Value $29.95) . ~k VISIT YOUR NEAREST NATIONAL, AND FILL OUT AN ENTRY BLANK v Nothing To Buy Nothing To Write Hoi A Contest ; x kJlTAMP Southern Grown . Ripe 4 x„~ National Braunschweiger : stamp ! jvvvjl Premium PREMIUM } Fancy Michigan grown young tender crisp fresh > STAMP b Cooked **» *r*w« --|irm RIpt *o«fc Hat Mo.ua Premitim «• f N.. i Si„ * w«**. ill Nrfn, TOMATOES [STAMP miumI busrecession is probably the most talked about in history, iti spite of, or because of, this grqat amount of talk, the baste causes arid nature of the recession ' are not generally understood. It may well be, therefore, to review developments leading to the recession and to list some little-observed, but basic, facts about it: # During World War II a v a s t a m o u n t of money was created and put into the pockets and bank accounts of the people.] The amount of currency kin circulation went up from seven billion dollars in 1939 to 28 billion dollars in ^ the same time, its swelled from 57 148 billion dollars, increased greatly the ; war. During four the accumulation of . Savings amounted to 30 billion dollars a year, times the pre-war rate, savings •rate profits -- went below zero before the an accumulation of 25 dollars at the war's Many needs and wants accumulated during the war. ' Individuals and families wanted** new automobiles, - houses, fi|j|}iture, household appliances, ete* Business wanted new factories, stores and equipment. T§e cjesire and ability to spend created full employment, with t v 0 $ » m i n o r r e c e s s i o n s , f o r twelve years. ©uring this twelve- y e a r spading spree many wants w e r e s a t i s f i e d and -- more i m p o r t a n t l y -- l a r g e d e b t s were accumulated 1. Business spent over 300 billion dollars for .new plants and equipment. Capacity for producing manufactured items was increased about 50 percent. Corporate debt increased from 95 billion to 1210 billion dollars. D Thirteen million families built or bought new houses, three times as many as in a like period before the war. The debt on homes increased from 19 billion to 105 bjllion dollars 3. During the same twelve years the American people bought sixty million new cars. A u t o m o b i l e s ' on s t r e e t s and highways increased from twennk; e, million, in 1946. to „ 57 million- in 1957. We now have one car for every three persons (everyone could ride in the front seat at the same time). Auto buyers now owe 15 rhpilion dollars in installment payments on their cars compared with almost nothing at- the end of the war. 4. Families bought large anwunts of new furniture, applMices &nd other things many on "easy" -credit Consumer debt now totals about 25 billion dollars, not counting w h a t i s owed on " h o m e s and automobiles. This debt is five times as large as it was when World War" II ended. Inuring this long spending sprfee many families got over their heads in debt. In recent months they ha\e slowed up thnr buying. Businesses have cut their spending even more than fafrulies. But debts have been reduced only slightly. People are bein^ urged to buy. But whether families and businesses are willing to take on more ahd bigger debts remains to be sieen. If they are not, then the recession will continue for at least several months, eyM though there is increasedproduction in some industries, such as steel. AElflf ePctr!l*t*tl STahturtrudfahy July 2ft U.S.D.A. Inspected ffillside Grade B Large or Natco Grade A Medium STAMP I WATER TEMPERATURE Approximately eight times ' more water is used for cooling thairf for any other purpose in Illinois. Because of this, the usefulness of any lake or stream depends primarily upon its temperature range, the Ittffois Water surveyported. The survey is initiating a new study to determine variations in temperature of water resources throughout the state. Increasing demands for water Will ultimately require greater dependence upon surface water supplies, the Survey reported LAKE COUNTY FAIR «ree different horse and shows are on the program for visitors to the 1958 Lake county fair and 4-H club show opening Thursday, July 24, and continuing through Sunday night, July 27. On Thursday afternoon at 1 p.m. the 4-H club members enrolled in the 4-IJ horsemanship project will stage a three hour horse show including 7 nineteen different cl^fpes. An auction of champion beef steers, - lambs and pigs will be held Saturday at 4:3(} p.m. Classified Ads are Read by Everyone! wTM. Rftmiihmt to Mm It Regular or QHp Grind MAXWELL HO0SE Eleven Flavors PREMIMUMM ) STAMP freestone Wo Deposit--No IMum Howe Braed Jr?zejt Free Ice Cube Tray With Purchase of 12 An|frl««R Dia Luif-->|pt»el«lly Handed for M«ku 0» M Doje Frozen Pineapple *#utt (Economy Size) ALCOA STAMP Rich Tomato Flavor Special 10c Off Assorted Colors STAMP 5 STAMP 1000-pt. ReU Special 5c Off DETEMSEKT 2 Rtf. Size Boxts 8 i* sTfcMjfjTaai? li S7A£v~ Jj [STAHI