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Looking Back perhaps, 20 years is understandable, because nearly every 20 years from the time Illinois became a state until the present day, it experienced a depression. Economic downturns of varying intensity began in 1819, 1837, 1857, 1873, 1893, 1929, 19S3, and 1974. These rolling peaks of prosperity and troughs of depression led econ­ omists to coin the phrase "business cycle" and nearly everyone to fiercely debate how its extremes might be Cook and Co., considered the most powerful in the country. Within a short time, Illinois banks went into temporary - suspension. Bank loans were THE BUSINESS CYCLE IN ILLINOIS contracted on the average of After a period of pros- crops brought high prices ^aff f"nJ- h" nu t * t n perity, contemporary Illi- which encouraged a new wave P 5'^!J fa!! nrices noisans routinely become un- of immigration into Illinois «nir inH 1R77 easy about the economy. This from Northern liuropc -,ml (he J liajtcm »(»««. Liberal bml «w1h. Ilr.1 n.ttond ^ i»wi in Ctmgre^t encouraged .1^ ^ witnessed farmers, while Chicago hega., "lagniflcen industrial and its own specucuia. rise to f°.m™ra,a1l ,£!*! wh,ch become thi most .mportant '"'"J unMl 'f 3 *>? P",c commercial center in the Mid- ^^^'Lclolngo't. tatt «hv hrTamcWof Scswse interrupted by the Panic of . R » f ... rhi 1857 which caused unemploy- - Banks fa,led> Chicago was ment, a drastic decline in land prices, and an economic slow­ down that did not pick up again until the Civil War. The nuw lis cAuciiio 11115111 us war created vast wealth in Illi- _ . r .. ,u„ moderated for the benefit of nois, particularly for the indus- JJLtll" y trialists in Chicago, who supplied the war effort. The 20-year cycle was But wartime prosperity interrupted somewhat by ended in September of 1873 World War I. The so-called with the failure of the Phila- Great Depression of the 1930s, delphia banking firm of Jay however, triggered by the col- flooded with transients, and the Pullman strike represented statewide labor dissatisfaction. But true to the pattern, pros­ perity and optimism were as the people. Between the War of 1812 and Illinois' statehood year, 1818, the United States en­ joyed ah economic boqm tied to land speculation. Steamboat travel revolutionized inland transportation and made it easier for immigrants to reach the Illinois country. But the good times ended in 1819, and the first national depression halted westward migration. Prosperity returned with the opening of the Erie Canal in 1825, the resultant increase in the westward movement, and the resurgence of land speculation. Riding a wave of optimism, the Illinois legisla­ ture followed the example of many Eastern states and passed a bill establishing a vast, 10- million-dollar internal improve­ ment schema involving rail­ roads, canals, and turnpikes. Within a few short months the Panic of 1837 struck, eliminating any chance that the state could finance its ambitious plan. The panic spread economic ruin and the state's banks suspended gold payments when they were un­ able to redeem their notes with specie. In 1841, the state defaulted on interest on its bonds, and they fell to 15 cents on the dollar. During the 1840s and the first half of the 1850s, good NUCLEAR CHINESE CHECKERS...A technician at Raytheon Company's Medical Electronics Operation in Burlington, Mass., uncovers the 37 image-intensifier tubes used in the new Cameray (TM) 11 nuclear camera. The camera is used to "photograph" internal body organs, can provide views up to 24" x 78" on a single sheet of film. 12th anniwcsaca REMEMBER WHEN GAS RANGES HAD FUEL SAVING CENTER-SiaMER BURNERS? ANNIVERSARY SPECIAL REGISTER FOR D00RPRIZEI [MICROWAVE MONARCH QUALITY SINCE 1896 GAS RANGES STILL DO INSTANT FULL FLAME (Full "ON") . . . briMt . . . . w . . . -- . i W a B T V i w i n wmrj KC e«»kli»t tamp, in shartstt ttm«. (U.ibU . . «, wii. -t»r*o4 l*w h«ot for" vfd" frying operation* LOW FRYING HEAT (B.T.U. input will vary according to floaihlo tatting). . . srovidaa wi d» -ipraad law haat lor" 'mod CENTER SIMMER(t200 B.T. U.) . . . Itaapi antira contanta a' any cava rod vaaaal at bail-Ing paint. KEEP WARM HEAT (250 B" T.U.) . . . holda foodi of pro­ per aorving tamp., 145 to 175 dogroei, without further cook­ ing. FUEL-SAVER GLASS COATED CAST IRON (NO MELT) CENTER-SIMMER BURNERS HERE'S A REAL CHANCE TO SAVE MONEY EVERY DAY USING MONARCH'S CENTER- SIMMER SURFACE BURNERS. MOST GAS RANGES HAVE ALUMINUM BURNERS THAT ALL0* ONLY OUTER FLAME TURN DOWN. MONARCH ALSO OFFERS CENTER FLAME TURN DOWN (LIKE 2BURNERS IN ONE). GIVES GREATER COOKING VERSATILITY WHILE YOU USE LESS FUEL . . . AND THAT'S IM­ PORTANT TOOAY! MODEL KN 30C One Only y HARVEST GOLD $ O Q Q76 Reg. $439,95 ^ Other ComataKft Features That Save Work, Feel aid Moaey: * "HIGH (NO STOOP) BROILER" . . . HIGH and LOW t»mp»rotur« settings permit broiling all'types of food. * "SURF-A-STAT" . . . automatic constant temperature controlled surface burner. Makes all yourutensi Is auto­ matic. Set flame site and temp, to fitutensil. * TIMER CONTROLLED 0V!N . . . turns oven ON and OFF automatically <. * CONTINUOUS CLEANING OVEN . . . cleans itself while baking and roasting at regular temperatures. * INDIRECT OVEN FLUE . . . in CENTER of oven ceiling cause* heat to travel uniformly throughout oven for better baking. Less heat loss . . . saves fuel) CAREY APPLIANCE SALES & SERVICE 1241 N. GREEN SF. McHenry, Illinois 385-550Q WtJISty "Friends In Service Here" We feel that you are already quite familiar with "FISH" - a group of people who want to express their concern for their neighbors. We are the McHenry chapter. No doubt you have con­ sidered several times about joining with us, in this most satisfying and rewarding work. We would like to invite you and lapse ot the stock market in 1929, created unparalleled hardships throughout Illinois. It was not over, of course, until the •War-sponsored growth ended it in 1941 for "artifi­ cial" reasons. In spite of New Deal remedies, economic downturns recurred in the late 1950s and the mid-1970s. For 150 years in Illinois, the business cycle h$s been responsible for creating and for destroying great fortunes and countless political careers. It h;is been an important part of the economic history of the state, and it may well be part of the price of the degree of economic freedom lllinoisans and Americans enjoy. to tell you something about the inner workings of our organization. We have no regular meetings - we do not pay dues - there is a very short training period for those who join our Tran­ sportation group or Telephone back-up - and you are assigned just one day each month for either, unless you prefer more. There are many husband and wife teams, and also lady friends who work together ... involve yourself to suit your time and in the category that will be most satisfactory for you! You caij, really pick your choice of our'services. On an emergency basis only, we also offer babysitting, housework for the sick, provide a meal, food, companionship for the elderly or shut-in, visiting, phoning, listening, referral, reading to the blind. Layettes are needed every so often, too, for the newborn. Our pantry is kept well stocked from our generous donors - the various churches, women's clubs, commercial groups and other organizations in McHenry. Write Fish, if you are in­ terested in joining fend would have some questions - Box 282, McHenry. You will enjoy yourself while you are helping others. Call Fish if you are in need of any of our services - 385- 8020. Keep this information handy, you never know when you or someone you meet can benefit from FISH! Lord, I will meet other people today, Help me to be everything to them To the lonely, let me bring friendship To the unhappy, help me bring joy, To the discouraged, may I PLA1NDEALER-WEDN ESDAY, FEBRUARY 18. lfW media for his egg-tempera painting "Winter Light" at the Randhurst Winter Art festival. Burr also paints in oil and acrylics and exhibits in many area fairs. •* The fair, held in Mt. Prospect, featured over 110 fine artists from the Midwest. PAGE 18 Local Artist Wins Award In Winter Festival John A. Burr recently took a second place award in mixed- bring faith, A preparation of service to others, A gift of love to you! M.G. IIIIIIIIIIIHIIHII Memory is the product of intelligence and work. LO* McHENRY TROPHIES SALES & TROPHY MFG. 385-6559 HB ENGRAVING TROPHIES AND PLAQUES FOR ANY OCCASION % i A r<A i * aiuiiiiMiiiiiiiiiiiiiiiiiiiiiimiiiiiiiiiiiiiiiimiiiiniiiii MAKE APPOINTMENT TO COME IN AND SEE OUR & llllffllllllllllllUIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIII /VU )I\JT( »( )/VAE KY Sale of the Centuries ENDS SAT., FEB. 21 Communicate. 23-channel mobile CB radio makes it easy. 114" Traffic made you late for dinner at hpme? Next time let them know with this 2-way CB radio. Make urgent busi­ ness or personal exchanges from your car, truck, tractor, boat or any vehicle. Get high performance and depend­ able operation from the great features on this CB. REGULARLY 134.99 Royce 'Rj FAST COOK TIMES Kim fillet 8 nun (I in in /lb I toast to«rf. nuil SAVE 20.11 WARDS DELUXE MICROWAVE OVEN Cuts most cook times by 75 percent. Gourmet cook con­ trol, auto, defrost cycle. More. 88 369 REGULARLY 389.99 SAVE *9 PORTABLE SOLID- OXYGEN WELDER E c o n o m i c a l , easy to handle. 27«« Uses propane, oxygen pellets. REG. 36.99 SAVE 2.11 POWR-KRAFT* 25 FT. TAPE Mylar® pro- rgg t e c t e d b l a d e . Spring return, positive lock. REG. 7.99 i-rril mmmmrn mmmmm mmmmrn SAVE $4 PARTS CABINET 39-DRAWER REG. 15.99 11" 29-DRAWER REG. 19.99 78® SAVE •30 7 / / v / ' • / v \ A a v,< "Sale price on fence faltric ap­ plies only when purchased with pouts, toprail, fit­ tings ana gates lat Wards regular low price) required for a complete re»i-rle fence. 12-FT. ALUMINUM SEMI-V BOATOQ Foam flotation, full-length ^ sprayrail and non-skid in- U terior. 7.5-HP rating. rKG 27999 y. 'C\ / v" ' X ' * •x. SAVE *30 WARDS 7.5-HP OUTBOARD *199 REG. 229.00 Air-cooled motor has neutral start, pivots 180° to reverse. Tank is built-in, connects easily to remote tank. Model 15801 $40 off. Get the job done right with a tough 5-»HP tiller. Briggs & Stratton engine has power safety reverse for easy operation. Heavy- duty cast-iron gear case with 2 Timken* roller bearings reduces wear. 16 steel tines. Low-cost installation available. Durable galvanized steel chain link fence fabric. % 249'JL 50% off Protect your privacy, pets and children eco­ nomically. Many heights to .choose from. Call for a free estimate or ask for your free copy of Wards comprehensive fencing booklet. FOR FAST, EASY SHOPPING JUST SAY "CHARGE IT!" WITH A WARDS CHARG-ALL ACCOUNT Happy200th, America! Pro*gTS1 spirit of value STORE HOURS: MON.THRUFRL1M SATURDAY 9:90-6' 1 SUNDAY 114 Crystal Lake 103 Northncst Highna\ Koulc 14 Phone 459-3120 K K K K P A R K I N G