The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

lay, Augiist IB, 1960 FIRST FUND DONATION THE McHENRT PLAINDEXLEH VISCOUNTS TAKE SECOND PLACE IN FRIDAY CONTEST NEWS The McHenry Viscounts tra- Army Pvt. Allan S. Gore, whose wife, Vicki, - lives on Route 1, Wonder Lake, recentl y was g r a d u a t e d from t h e Jam-os M. Lonnon iconter). president ol jvicHenry hospital, accepts the :nitial donation in a" fund raising effort of the local building- trades. Presenting th^SSOO check are Ted?Grahnm. (left), president of the Building ' Trades Council, and A. E. Melahn (right), business repire-. sentative of the I.B.E.W., Local 117. Elgin &nd McHenry County, which contributed the money. Mr., Lennon cheerfully agreed to step from his bed at [cHenry hospital, where he was a patient, to accept the 'ieck and pose for. the photograph. BUSINESS GOOD BUT PROSPECTS ARE UNCERTAIN The business sit iintion and outlook is about "normal." That is. business could be better, and the outlook is uncer- , ta* Employment^and unemployment figures show a fairly favorable pjcture. In May. 67.2 million persons were working for pay or profit. That number was neary 2 percent more than were working the year before. Unemployment was calculated at 3.5 million, or 4.9 percent of the labor force. This per- ' cqajage is Ihe same as in May thir year before. We usually have 3 to 4 percent of our workers unemployed even in boom times. In the recession year of 1958, unemployment in May totaled 4.9 million, or 6.8 percent of the labor force. In the great depression of the 1930s, 15 to 25 percent of the labor force was unemployed for 10 years. %iersonal income reached an annual rate of $399 billion in May. It has increased about 14 percent in 2V2 years. Most of this increase is real, though some of it is simply inflation. Most recent business forecasts were optimistic. This is "normal" too, since most of the talkers were either businessmen looking for sales, or necesrgjevt iwnwut ftpr finals. One strong prop under business is the spending for new plants and equipment. These outlays are running at an an-* nual rate of $37 billion a year, up about one-fourth from the 1958 recession low. Consumers, too. have been "living it up." Department stare sales have been running aWut 2 percent ahead of 1959 figures. And a near-record number of automobiles have been sold this ,year. But maybe consumers have been spending too much. Short- and intermediate-term consumer debts increased 14 percent in the past year and now total nearly $53 billion. Consumers may soon become s(^loaded with debts that they wm have to slow up their buying for a while. B u s i n e s s i n v e n t o r i e s a r e large and still growing. Stocks in warehouses are probably worth about $94 billion, at least $1 billion greater than in 1957, before the 1958 recession. Stocks of automobiles and steel erpecially are large. When business inventories get too big, ouHiut must be reduced while stocks are worked off. In a sense, both consumers and businessmen are loaded with merchandise. They may go on overspending for a few m o n t h s , b u t a c c o u n t s a n d stocks must be balanced up fairly soon. This is not a climate that induces business to spend more money to build m*e capacity. Ftiblic spending is not increasing so fast as it has in recent years. Federal spending has trended downward in the past 12 months. It is not yet clear how much the road program and defense outlays can be speeded up within the next 12 months. State and local government spending is still increasing, but pr^abJy not so fast as in recent years. This is not because we have enough new schools, roads and streets, but because citizens have been voting down proposed bond issues and tax increases. In many ways the 1950s were like the 1920s. In both decades private citizens and state and local Governments took on big loads of debt. It does not n e w s s a r i l y f o l l o w , h o w e v e r , that^ the 1960s will bring another great depression such as engulfed our nation (and most others) in the 1930s. L. H. Simerl Department of Agricultural Economics HERE AND THERE IN BUSINESS TOURS GERMANY *<Mr. and Mrs. Melvin A. Kronn of MtHehry visited the huge Volkswagen factory in Wolfsburg, Germany. They are making a two-week tour of Germany with a group of New England dealers as guests of Volkswagenwerk. They will also visit West and East Berlin, Munich, Heidelberg and several of the smaller German towns of historic interest such as Rothenburg, the old walled city high above the Tauber river. veiled to Wilmot. Wis., on Fri- was graduated . trom tne day, Aug. 12, and competed in 101st airborne division jump their first contest of the season. They were in competition | with three other corps, the j Scarlet Knights from Grays- ! lake, the Shoreliners and the | Vigilantes from Wisconsin. The j Viscounts took a second with j a score of 57.9f On Sunday, Aug. 14, the Vis- j counts took part in the Morton j Grove parade and put on an exhibition immediately follow-;, ing the parade. This weekend i | is the corps' big chance of the year. They will enter the American Legion state contest and are hoping they can bring. home the state flag. | ^ The corps color guard will • ,>A ^,,y enter a contest at the Naval 5 Aimory in -Chicago the same ' •< ^ afternoon. New State Institution The selection of Centralia. in Marion county, for construction of the new institution for the mentally retarded in southern .Illinois was announced last week in a news conference by Gov. William G. Stratton. The governor also revealed initial planning for construction of up to three smaller similar institutions. Construction of the maior southern Illinois institution was authorized by the l a s t G e n e r a l A s s e m b l v , a t t h 1 request of Gov. Stratton, at a cost of $11,723,000. The saddest words of tongue ior's baby buggy when'. RIDS FOR DEPOSIT This month, letters have gone forward to the , 972 national and state banks of Illinois inviting them to bid for the deposit of public funds. The bidding • is conducted annually, and the proposals arc opened during the first week of September in the presence of the state - treasurer, the state auditor, and the director of finance. During the past year, 740 hanks bid and were awarded deposits of public funds. Approximately $200 millions of dollars of the state's funds were placed on time deposit open accounts. These deposits were made for thirtyday call at one per cent interest and ninety-day call at two and one-half per cent interest. ALLAN GORE school at Fort Campbell, Ky. Gore received his paratrooper wings after completing three weeks of intensive ground and aerial training which included five parachute jumps. He entered the Army last February and completed basic training it Fort Hood, Tex. The 21-year old soldier is the son of Mr. and Mrs. Ray Gore, Route 1, Crystal Lake. Before entering service he was employed in McHenry. Outside the city of Chicago there are only five education programs on the high school level for partially seeing pupils. All partially seeing pupils in high school need specialized help if they are to work up to their capacity. The office of the Superintendent of Public Instruction reports that approximately 2,300 partially seeing children of school age are not enrolled in education programs designed for them. Since a special teacher for this type of punits cannot work successfully with more than approximately 14 children, this means that 164 more teachers trained in the field of the partially seeing are needed. WEINGARTNER'S OLD SPOT PISTAKEE BAY Next Door to Yacht Club GOOD FOOD BOATING .... _ . . FISHTOGl, on ALL 1960 RAMBLER'S Due To The Tremendous Response We A r e C o n t i n u i n g O u r . . . FIRST 2-dr. Deluxe Models Regularly Priced At Anniversary Price *1795°° $1550o° % Plus State Sales Tax And Any Old Car That Will Run To Our Showroom r Most of these cars can be purchased with YES SIR .. . Now's the time to buy that 2nd car. We have over 12 models to choose from. RAMBLERS - CHEVYS - PLYMOUTHS DODGES - DESOTOS - HUDSONS MERCURYS and FORDS . . . fT $75°° „ s499°° Plus A Large Selection of Finer Used Cars Seibel Motor Sales PHONE EV 5-5361 405 W. Elm Street McHenry, 111. OPEN MONDAY THRU FRIDAY TIL 9 P.M. Page Thirteen. ReaLemon Lemon Juice BROADCAST Corned15'!0 quart btl. cotxttKt* HASH | ~ can ^I Beef Hash Kraft Strawberry reserves Salerno COCONUT BARS OR BUTTER mwffl fttSBWS Cookies9 01 12 ox. |ar DEPARTMENT AGRICULTURE 1 jfoodStou* Lb. Three times a week your Jewel Food Store receives a fresh supply of frying chickens. Of course, freshness is very important to tenderness and tastiness. And Jewel sells so many fryers so quickly--the ones you serve your family don't have a chance to be anything but fresh I FRESH, GOVT. INSPECTED Whole Fryers FRESH, CRISP HEAD each Lettuce Nestle's CHOCOLATE Morsels Relish 901 Kleenex Facial Napkinsp 9 mm BREAKFAST DRINK Tang Dole . , 1 Dole £J$Sliced Pineapple 14 oz. :ans ALL PURPOSE Air Maidu „ Cleanser <on Linco Liquid ^ Bleach jug PRICES IN THIS AD EFFECTIVE THRU AUG. 20 jtoodStou* J^'EL TEA - CO. Evetu/day Low- ^f^uceA C^v (J&u/o Eusestyday Needs #