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PAGE ie - PLAINDEALER - WEDNESDAY, MARCH 8. i«78 • PLAINDEALER, Editorial Opinion Growth Of Credit Predictions for the growth of credit in 1978 are food for thought. Two of the country's major banking firms estimate it will grow by 9|33S-350 billions. i The steady increase in credit in this country can be seen in figures for recent years. In 1975 it grew by about $200 billion, in 1976 by $262 billions and last year by almost $330 billions. ! The biggest borrower again this year will be the federal government, which will take from the total money supply from $60 to $90 billions! That will mean higher interest rates, less money for home mortgages and business loans, inflation, continued weakness )n the dollar, etc. ; Increased consumer borrowing is making more and more America n§ more dependent on a growing economy, more Susceptible to economic failure in a recession. i Property Owner Taxes • In most states, property taxes make up the bulk of revenue Raised locally to finance community schools. ; There is, however, growing dissastisfaction with this property- tax financing system. t First, school districts vary in wealth and therefore some tiistricts have well-financed, first-class schools, while others, in poor districts, have schools of lesser quality. This problem was attacked by the now-famous court decision in California which found unequal schools unconstitutional. j States are, as a result, now seeking remedies but they cannot plways be found or implemented. • Another discriminatory feature of this financing system is that it forces some to pay more than others (who often earn as much or tnore annual income). It also partially exempts non-property owners from school financing obligations. ! Finally, property taxes have become so high in some areas they junount to almost confiscatory taxes, and there's no hope they can continue to be raised, as they have been in recent years, to increase school revenue. i Obviously, therefore, a more equitable financing system is peeded. The property owner has been milked for all he can bear- often unfairly so. Lyon Speaks Out (Guest ecbtorial from Dixon Evening Telegraph) Recently I had the refreshing experience of hearing Don Lyon address the Teen-Age Republican organization. I say refreshing, because of the man's total honesty and deep moral convictions, so lacking in too many of our political figures. You know he is speaking from years of living by his moral and ethical convictions and not using rhetoric just to be elected. Even though he had Campaigned for John Anderson in his early years, he has decided to run against him this time, because our representative in Washington tells us what he thinks is good for us instead of telling Washington how we feel about the various issues. He has seen our freedom gradually being taken away from us over the years and is concerned enough to want to do something about it. A few of his comments on current issues Panama Canal Treaty ; We have a $7-billion investment in the canal, but more important 70 percent of material going through the canal is either going to or coming from America. It is very necessary to our economy and the loss of the use of it would be disastrous to us and to our standard of living. Why, then, should we/give it to such an unstable country that had 50 changes of government in the last 74 years? Energy ' He is for doing all we can to stimulate our own domestic oil production. I do not see how this can be done by paying more for foreign oil than we let our own producers sell their oil. I Social Security • There is no question about our commitment to Social Security. The answer is not in more taxes, nor to evade the problem, but to tjring government spending under control. Do not spend so much money for foreign aid and many other programs we don't need and 4on't do us any good. ; Below is a list of programs John b. Anderson voted for. I am sure Don Lyon would have voted just the opposite. i How would you have voted? \ Surrendering the Panama Canal. } Giving himself a hefty pay increase. j Federal registration of firearms. 1 Food stamps for strikers who already receive benefits. J OS HA harassment of small business. • Using federal funds to pay for abortions. • Busing of schoolchildren. I Free legal aid for homosexuals. J And many, many, more bills that are eroding the moral and economic fiber of this country. I There are a growing number of conservatives in Congress and t^>ey need much more help. If we are ever going to get America tack to a leader among nations and keep freedom alive in this world we must elect men of Don Lyon's caliber to Congress. {I am sure he will be speaking in and around our area many times ift the next few months. You owe it to yourself to hear him and be acle to cast your vote with confidence that this man will do as he skys. I Doug Shaw t Child Abuse Topic for Nurses' Meeting * Members of the 16th district Illinois Nurses association will Ifold their monthly dinner i$eeting at the Four Coachmen restaurant, 720 N. Milwaukee Venue, Gurnee, (formerly the ick Angus) Monday, March I. Dinner will be served at 6:30 _ Lin. followed by the business meeting at 7:30 p.m. and a tjmely program of current iaterest. « # . . . I Ann Indelicato, social worker far the Illinois Department of Children and Family Services, will speak on "Child Abuse: New Legislation and New Practices". One contact hour for continuing education has been awarded this program. All dinner reservations must be made by March 10, making checks payable to 16th District INA, and sending them to Virginia Nedelka, 2926 21st Street, North Chicago, 111., 60064 No reservations are necessary for the program alone. Non-members must pay at the door. For Your Information Dear friend*, We recognize the* funeral service It a calling with high responsibilities, r•quiring strict »er- vie* 11 on do rd 11 and loir înd de^silojj with every family. H requires that all confiden­ tial matters of a business ar personal natwro ha held inviolate, and that those entrusted to us shall always receive respectful and reverent care. Respectfully, PETER MJISTEN & SON FUNERAL HOME McHenry, Illinois 385-0063 State Bar Survey The Illinois State Bar association recently conducted a poll that rated candidates for judicial vacancies. It consisted of a six-question survey. Lawyers answered each question with a "yes", "no" or "no opinion". The questions were weighted differently, but each candidate had a chance to accumulate 100 points. To be "recommended" it was necessary to have a minimum of 80 points. The questions were: Has he adequate legal ability? (20) Has he adequate legal experience? (10) Is he courteous and considerate? (10) Would he be deliberate and fair-minded in reaching his conclusions? (15) Would he be industrious and prompt in the performance of judicial duties? (10) Have you confidence in his integrity? (35) The poll was mailed to 812 attorneys in the 19th Judicial circuit and of this number 298 completed the poll. David P. Peskind of Aurora, chairman of the Illinois State Bar association committee on Judicial Advisory Polls, said a "not recommended" does not reflect on a candidate's ability as a lawyer, but is an indication that the candidate's colleagues, for various reasons, do not wish to recommend him or her for judicial office. (For resident Circuit Judge) Total Democrat Republican unaffillati Total Ballots Mailed Number of Ballots 296 39 117 , 142 812 Leonard Brody NR NR NR - Henry L. Cowlin 8 NR NR NR - Conrad F. Floeter R R R (For Judge of the Circuit court) « 19th Judicial Circuit Number of Ballots 318 38 130 150 812 Robert K. McQueen R R R - (For Judge of the Appellate Court) 2nd Judicial District Number of Ballots 1138 125 529 484 2766 Warren G. Fox NR R R 2766 George Lindberg NR NR NR Alfred E. Woodward R R R - You may be sure thai I will keep your opinions in m i n d . . . 4, You may be Sure that I will keep your opinions in mind ... R - Recommended NR - Not Recommended Pay Raise Far Officials For Retirees Coalition Begins New Drive Free Income Tax Aid According to government surveys, up to half of the millions of older Americans who file income tax returns each year may be overpaying their income taxes. Although they have been filing income tax returns for most of their working lives, most persons find that methods of determining tax deductions and liabilities become far more complex as soon as they reach age 65. "Quite frequently, these provisions can pose formidable challenges, even for ex­ perienced tax experts," warns U.S. Senator Frank Church (D- Ind.). "But for the untrained, and oftimes unsuspecting, elderly taxpayer, these com­ plex tax requirements can prove to be mind-boggling." A new 1978 Retirement In­ come Tax Guide, offered free as a public service by the American Association of Retired Persons and National Retired Teachers association, provides helpful, easy-to-follow tips on preparing income tax returns. In addition to a simple line- by-line explanation of Form 1040, which is used by most taxpayers, the 46-page guide offers practical advice on filing requirements; treatment of pension, Social Security and other retirement income; special deductions and exemptions for retirees; and record-keeping. The guide also explains new tax credits and other changes in income tax regulations and advises when and where to get outside tax preparation help. For a free copy of the 1978 Retirement Income Tax Guide, write to AARP-NRTA, P.O. Box *7400, Long Beach, Cal., 90801. The eleven-million-member associations also sponsor "Tax- Aide," a free tax counseling service for older taxpayers, in cooperation with the Internal Revenue Service. More than 7,000 retirees, specially trained by I.R.S., will be serving as volunteer Tax-Aide counselors in 2,000 communities throughout the country bet­ ween now and April 15. For the location of the nearest Tax-Aide program, writ^ Tax-Aide, c-o AARP- NRTA, Department PR, 1909 K Street, N.W., Washington, D.C. 20049. Demand U.S. Livestock For Feeding Programs Secretary of Agriculture Bob Bergland said effective im­ mediately all firms selling meat to the department for school lunch and other feeding programs will have to certify that the meat originated from livestock produced in the United States. "Our food purchases have always been intended to help American farmers as well as to provide good wholesome food for school children, the elderly and all participants in our feeding programs," the secretary said. "That is the* stated purpose of the laws that ~ A. G. Edwards & Sons, Inc. s Weekly Market Review The fundamental Bulls, and there are still too many around for comfort, must feel like children when fairy tales are exposed for what they are. Yet another myth went down the drain when it rained on the stock market despite sunshine for the United Mine workers. In the face of an apparent settlement of the longest, continuous coal strike in our history, Feb. 27 witnessed a' new 34- month low for the Dow Industrials and sharp declines to almost new lows for the Dow Utility and Transportation indexes. The Bulls would have had us believe the myth that investors had been so worried about the coal strike that its resolution would cause some spontaneous combustion. Well, like all good tellers of fairy tales, coal bulls did have a potentially favorable environment in which to see their dream * come true. During the nine days prior to last Thursday, the market had given up some 40 Dow points intra-day and was oversold enough to be receptive to a rally of some sort. Frankly, despite our continued Bearish market opinion, we were surprised at how little upside the probable settlement was able to stimulate-some seven Dow points Thursday and Friday. The coal strike probably did change the tone of the Bear market somewhat, but it didn't cause it and a final settlement won't end it. Assuming ratification, the whole coal industry debacle, in our opinion, has very negative implications. Probably most serious, it shows the danger of building our nation's energy policy on that most unreliable industry. Also, the settlement seemed to be forced on industry and appears expensive and inflationary. Basically, it reminded investors of the tremendous gap between labor, management, and the administration and thus the extremely difficult problem of achieving voluntary restraint on wages and prices. Yes, Virginia and other bullish dreamers, Santa Claus is a myth but the threat of some type of wage-price controls is very much alive. The reality of this Bear market in most stocks is that institutions want to own less of them and more bonds. We will continue to respect those trends until they reverse convincingly. Value, like beauty, is in the eyes of the beholders and at the moment most institutions are not even looking. give us authority to buy food." Secretary Bergland pointed out that present regulations prevent the use. of imported meat in purchases by the department. This is done by requiring that ground beef and other meat products sold to the Department originate from animals slaughtered in federally inspected U.S. plants. Under a new requirement just announced, the depart­ ment will further require that meat used in these products does not come from imported livestock slaughtered in U.S. plants. Sellers will be required to certify U.S. origin, keep purchase records and make those records available for USDA review. "Under our present The Coalition for Political Honesty will organize a citizens' petition drive to put the question of salary increases for Illinois elected officials on the November ballot as a voters' advisory referendum. The Political Honesty referendum frill ask whether the governor and state legislators should grant themselves pay raises if they refuse to abolish the practice of doubledipping in Illinois. "Doubledipping, the practice of politicians holding more than one public payroll job, is an outrageous abuse of taxpayer dollars," said Patrick Quinn, Coalition spokesman. "Dozens of state legislators currently fill highly paid city and county jobs in addition to drawing $20,000 a year legislative paychecks. Why should hard-pr£ssed Illinois families pay more to support these tax guzzlers? "The people of our state are fed up with public officials who are more concerned about pay raises than in adopting strong rules of ethical conduct." Quinn said the Political Honesty petition drive gives citizens a direct and specific way to protest recom­ mendations for across-the- board 50 percent pay raises for Illinois legislators, judges, and regulations, a plant could slaughter imported livestock in the U.S. and technically still be in compliance with our requirements," the secretary said. "Our new requirements are intended to eliminate that possibility." ARE YOU NEW IN McHenry Area? oooooooooooooow Do You Know Someone New? WE WOULD LIKE TO EXTEND A ROYAL WELCOME TO EVERY NEWCOMER TO OUR AREA!!!!! CALL JOAN STULL 385-5418 \9SS- *0 °6, '0* nmwmnvH KNOW YOUR AREA-ROYAL WELCOME DOES IT BEST feoooBBnooBQpocim Service Line MCHENRY CHAMBER OF COMMERCE 38S-4300 FAMILY SERVICE * MENTAL HEALTH CLINIC 3409 W. Waukegan Road McHenry 3954400 PARENTAL STRE8S UNE OF McHENRY COUNTY Meeting Place: McHenry County 24 hours a day, 7 days a week Call 312-463-0390 8TATE CHAMBER GOVERNMENT REGULATIONS HOTLINE 217-S22-5614 FEDERAL GOVERNMENT GENERAL SERVICES ADMINISTRATION 202-755-9000 Hours 7:30 a.m. to5:30p.m. weekdays (Ever had a problem involving the fedeftn government and not know where to call? And then been given a runaround or referrals by persons who meant well but didn't know how to help? Ten specialists available at this center.) NATIONAL RUN-AWAY SWITCHBOARD Illinois Phone: 800-972-6004 (For confidential conversation on problems dealing with run-away children) MOVING HOTLINE Phone 800424-9213 (Complaints about interestste moving by companies, buses or trains. Sponsored by Interstate Commerce commission) CONSUMER PRODUCT SAFETY COMMISSION Phone 800-638-2866 (For questions or complaints on products ranging from toys to ovens) NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION Phone 800-424-6983 (Answers questions about automobile safety defects or whether a particular model has ever been recalled. Valuable for those interested in buying a used car) ILLINOIS DEPARTMENT OF~ CHILDREN AND FAMILY SERVICES Child Abuse Center McHenry County (312) 546-2150 CONSUMER PRODUCT SAFETY COMMISSION 900-638-2666 (Operates five national lines. Answers inquiries about, or reporting on, the safety of products from kitchen appliances to children's toys) NATIONAL SOLAR HEATING AND COOLING INFORMATION CENTER 800-523-2929 P.O. Box 1607, Rockville, Md. 20650 (Dispenses information on solar systems for heating and cooling to anyone from architects to home owners looking for a sun-powered hot-water system) CONSUMER PROTECTION DIVISION 1603 N. North Avenue - McHenry.IU. John T. Licastro (Calls from 9:30 a.m. to 5 p.m. - 395-1703; interviews Saturday, 9:30 a.m. to 12:30 p.m.) executive officials. The in­ crease will make Illinois public officials the highest paid in the nation. "Vocal opposition to these political pay raises is the only way that average citizens have to force Illinois public officials to stop doubledipping and enact other long overdue ethics reforms," said Quinn. "Illinois politicians have condoned doubledipping for too long. It's no wonder that our state is a national laughingstock for corruption and political scandals." Quinn said the Coalition must gather 625,000 signatures by Aug. 21 to put the Political Honesty referendum on the November ballot. The Coalition is already organizing the Open Primary referendum to allow voters to vote in primary elections without publicly disclosing their party affiliation. Anyone interested in passing Political Honesty or Open Primary petitions may write the Coalition at 28 Madison street, Oak Park, 111., 60302. In 1976, Coalition volunteers collected 635,158 signstures to force state legislators to stop collecting their sslaries in advance. fessi011 nir<""'rV EARL R. WALSH & JACK WALSH INS. Fire, Auto. Farm. Lite Representing RELIABLE COMPANIES 4410 W Rte 120. McHenry MS-3M0 DENNIS CONWAY AUTO LIFE FIRE State Farm Ins. Co. Ill* W Elm St. McHenry, III. M5 7111 DR. LEONARD B0TTARI 303 N Richmond Rd . McHenry Eyes examined Contact Lenses Classes tiHed Mon , Tues., Thurs , Fri ,4 4p m Tues , Thurs , Fri . 1 *p m Sat .• 30 to 3 00 Ph 305 41S1 or MS JJ4J McHENRY COUNTY OFFICE MACHINES SALES SERVICE A RENTALS Mon Sat f t 30 Friday til f:00 •3 Grant St., Crystal Lake Ph 4lf IJM McHenry Telephone Answering & Letter Service • Answering Service • Cor, Telephone S Paging Service • Complete AAimeographing S Printing Serivcp • Typing S Photocopying Ph. 385-0258 MSI W. HI. I JO. McHenry "GATEWAY TO YOUR FUTURE" CALL US (815) 385-4810 Farm Equipment George P. Freund, Inc. Cote • New Holland 4102 W. Crystal LakeRd McHENRY Bus. 385 0420 Res. 385 0227 l lRELiT RADIAL TIRES FOR ALL CARS Europa Motors, Inc 2318 Rte . 120 815-385-0700 • PATZKE CONCRETE® McHENRY • ILLINOIS FOUNDATIONS • FLOORS • SIDEWALKS FREE ESTIMATES: 815-385-9337 815-385-5534 Cot MI it! ML at our quick-quick-action copy cantor. FINEST QUALITY COPIES MADE ON XEROX EQUIPMENT See us, also, for every kind of Printing Need!! PRINTING 3909 W. MAIN 385 7600 NEW TRAILERS used 4 HILLSBOROftOWNES DUMP-FLATBEDS-CAR HAULERS 1 Stidham Horse & Cattle Trailers1 j 1 Plus A Complete Line Of Broden Winches y | * ADAMS ENTERPRISES | 3017 W. Rte. 120 AAcHiNBV, ILL, B1S-BBS-Sf7Q 1