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Your Police Department by Officer Jim Fitzgerald ^ECl Savings Bond Changes In 1980 Public Relations Officer McHenFy City Police Phone 385-2131 - I've found an interesting comparison of late, and I think that you will be amazed by it also. The comparison is bet­ ween motor vehicles and air­ planes. I have recently taken up the art of flying, and I am constantly taken aback by the rules and regulations that pertain to the safety of aircraft and pilots. I think that if the same sort of safety standards were applied to vehicles and their drivers, not only would you find better cars on the road, newer models and very well kept older models, but they, and their drivers would be in better shape and much safer than they are now. Prove it? Example; each airplane, no matter how old, must be almost completely taken apart and reassembled by a trained and certified mechanic, every year, no matter how many hours it has been flown, or it cannot be used. Can anyone of you say that you would spend the money to do that to your vehicles? Sure, you take the car in when something goes wrong and get it fixed; but why not take that extra step, yes, and expense, to try and prevent that failure? A rental plane is even worse; it had to be checked every 100 hours, too. Go out to any air­ port, and you will be hard pressed not to find an airplane from the World War II era, or befoie. How many parking lots can you go to and find a car from that time, that is just as it was then, and still running? Motor vehicle drivers are checked by the state every three years to insure that they are still able to drive safely. A pilot is checked every twenty- four months, and must take a check ride in the type aircraft he flies every ninety days. Also, at the least, he must be checked by an FAA certified doctor every two years. Before he gets his license, he must complete a minimum of 40 hours of instruction by an FAA certified instructor, pass a written exam given by the FAA, and take a final flight test given by a certified FAA flight examiner before he passes. All of this could cost up to $1,200. Did it cost you that much, in time and money, to get your driver's license. * The point that I'm trying to get across to you is that you see many cars on the roadway now with one or more of the following things wrong with them; bald tires; broken exhaust systems; jacked up rear ends; bad brake^; poor support systems which can be identified by thp body bouncing up and down severely after going over a bump; missing, broken or burnt out lights; front or rear, missing windows; or missing bumpers, or other body parts, etc. It seems to me that it's bad enough that the owners of these "cars" would endanger their own lives by driving them; but the fact that they endanger the lives of the other people using the road should their vehicles finally die on the road, not to mention endangering their loved ones also in the vehicle, is beyond understanding. Besides that, it is against the law to drive a car in any of the con­ ditions that I have just given. Even though we try to catch all the offenders as we see them, others are always popping up. We try; but you have to try too. If something breaks on your car, fix it. Replace broken or burnt out lights; get good tires, and repair broken mufflers or rusted <?ut pipes. Driving is almost a must now-a-days, and we all drive millions of miles a week nationally. Make those miles safe ones, and law abiding ones. Treasury Secretary W. Michael Blumenthal has an­ nounced the introduction of new < EE and HH U.S. Savings bonds to replace the current E and H bonds, effective Jan. 2, 1980, a new exchange offering, and a decision on further extensions for outstanding bonds. The announcement came at the annual Washington lun­ cheon of the U.S. Industrial Payroll Savings committee, a group of 60 major industrial leaders who volunteer their support to the savings bonds program. The secretary said the" program changes underline the Treasury's interest in strengthening savings bonds as a vital part of its debt management operations. Bonds provide the Treasury with a stable source of fundis from millions of citizens, and also provide Americans at all economic levels with an op­ portunity to save in a safe an convenient manner. The present E and H bonds will continue to be sold at banks and other savings institutions until Dec. 31,1979. Final payroll sales of E bonds may continue until June 30, 1980. Series EE Bonds The series EE bond - so named because it will double in value between its purchase and maturity dates -- will have these new features: -the purchase price will be one-half the face value, e.g., $25 Senator On Salary Rollback Sen. Jack Schaffer, R- McHenry county, said the salary rollback voted by the General Assembly was an improvement over the $8,000 raises legislators were scheduled to receive in January, but said he felt the legislature should have sup­ ported the stronger rollback and phase-in proposal suggested by Gov. James Thompson. Schaffer will not benefit from any increases because he is in the middle of his term. During the recent special session called in Springfield last Friday by Governor James Thompson, most Senate Republicans, including Sen. Jack Schaffer, supported a rollback of the pay raise and a phase-in of the pay raise program over a three-year period. However, the com­ promise pay raise program that was approved calls for a two-year phase-in program. The General Assembly voted last November to raise legislative salaries from $20,000 to $28,000. This was the first pay raise the General Assembly has received for four years and the last one it can get for the next two years. "At one point in the 18-hour session, Senate Republicans, including myself,' voted to rescind the increases to $20,001. The House was unwilling to accept this, however, and also refused to. accept the gover­ nor's rollback plan," Schaffer explained. "The matter finally went to a House-Senate conference committee, where a weaker compromise was agreed upon. I voted for the compromise, but Only because it was apparent that was the only one the House would accept," he added. Discuss Estate Planning Inflationary pressures and tax law changes provide adequate incentives for almost all citizens to review or establish an estate plan, and the McHenry County Farm Bureau is planning a meeting on this topic at Building D on the McHenry county fairgrounds. The meeting will be held from 1 to 4 p.m. Thursday, Jan. 18, and because of the broad interest in this matter, Mrs. Ella Martin, chairman of the Farm Bureau Women's committee and head of this program, said the public is cordially welcome to par ticipate. Attorney Robert Schmel: 30-year veteran of the^legal profession in FreepoftTwUl be the guest speakers/and assist Country Companies estate planning specialists in handling the question-and-answer session. The speakers will discuss tax factors that merit con­ sideration, talk about changes and interpretations of the inheritance tax laws, and suggest methods of developing an estate plan tailored to an Announcing a new six-month fund that pays Annualized Curront Return 10.57% From a portfolio of Certificates of Deposit issued by some of the world's largest banks. Announcing the Corporate Income Fund, Short Term Series (A Unit Investment Trust). A simple, convenient way to get high income from a portfolio of six-month Certificates of Deposit backed by some of the world's largest banks. The securities are issued by foreign branches of domestic banks, domestic branches of foreign banks, and foreign banks. Mail today-or call for a free prospectus ••C A Prospectus containing more com­ plete information about the Cor­ porate Income Fund, Short Term Series (A Unit Investment Trust), including all sales charges and ex­ penses, will be sent upon receipt of this coupon. Read it carefully before you invest. Send no money. NAME. Address City. State. Z i p . Home Phone. Business Phone *A few words of explanation This represents the estimated income per unit of the Fund, after deducting the premium in excess of $1,000 per unit and expenses, expressed on an annualized basis, divided by the public offering price It varies with changes in either amount Public offering price per unit at . including sales charges of 0 00%. totaling $0,000 00 This announcement is under no cir­ cumstance! to be construed as an offer to sell or at a solicitation of an offer to buy any of these securities The offering is made by the Prospectus Copies of the Prospectus may be obtained in any state in which this announcement is circulated _ A.G.Edwards & Sons, Inc. Established 1887 Woodstock Exchange Building 231 Main Street, Woodstock Thone (815) 338-2550 or Toll Free (800) 892-6198 sJc will buy a $50 (face value) bond. -the lowest available denomination will be $50, face jililue. Other denominations will be $75, $100, $200, $500, $1,000, $5,000 and $10,000. -the interest rate of 6 percent (for 5 or more years) remains, while the term to maturity will be 11 years and 9 months. -the annual limitation on purchases will increase from the present $7,500 (issue amount) to $15,000 (issue amount). -the new EE bonds will be eligible for redemption six months after issue. -the new EE bonds will be eligible for redemption six months after issue. -the requirement that a bond beneficiary must consent to a change in the bond will' be eliminated. Although the familiar $25 savings bond ($18.75 purchase price) will no longer be available, the new series EE $50 bond cai^be purchased for $25, an increase of only $6.25 in the minimum purchase price. Series HH Bonds The series HH bond will have these new features, as com­ pared to the present H bond: -interest payments will be a level 6 percent from day of issue, rather than the present graduated scale. -bonds purchased for cash (rather than through exchange of other savings bonds and notes) will be subject to an interest penalty if redeemed before maturity. -the annual purchase limitation will be increased from $10,000 (face amount) to $20,000 (face amount). The new series HH bonds can be bought for cash or obtained in exchange for the present series E bonds or savings notes, singly or in combination, in multiples of $500. The new HH bond will have the same maturity period as the H bond - 10 years - and the same denominations, which range from $500 to $10,000. Changes Changes which affect owners of the present E and H bonds are: -the earliest E bonds - bought between 1941 and April, 1952 - will not be extended again when they fall due bet­ ween 1981 and April, 1992, after 40 years of interest-bearing life. -all outstanding series E bonds and savings notes bought after April 1952 will receive a further 10-year extension. The Treasury Department intends this to be the final extension for bonds bought from May, 1952, through November, 1965. -series H bonds bought from June, 1952, through May, 1959, will receive no further ex­ tensions. These bonds reach final maturity between February, 1982, and May, IS -series H bonds bought aftc June. 1959. will receive another • ! ̂ CTION 2-PAGE 1 - PLAINDEALER- WEDNESDAY, a U, should dispel any uncertain' about the Treasury's posit on the final maturity of o. standing E and H bond Holders of the 1941-52 series ! bonds will thus have the op­ portunity to decide, well in advance of their bonds' final maturities whether to redeem them for cash or exchange them for HH bonds. Approximately one out of three American households now own savings bonds, and more than 16 million people buy them yearly. About $80.7 billion in savings bonds and savings notes are now outstanding Bond sales during 1978 ex­ ceeded $8 billion, for the highest sales since World War II. 10-year extension, for a total bond life of 30 years. The Treasury department intends this to be the final extension for these bonds. -owners of E bonds and savings notes can exchange them for the new HH bonds after they go on sale Jan. 2, 1980. This can be done up to a year after final maturity of the old E bonds. This exchange carries the same tax-deferral privilege as the present E to H bond exchange. Secretary Blumenthal said announcement of the changes Landscape Design Series Offered To Homeowners The University of Illinois is offering a 4-session landscape design series for the residents of McHenry county, according to David G. Plocher, Extension adviser, Agriculture, McHenry county. The series will be conducted in Woodstock by landscape design specialist, Bill Nelson, and horticulture specialist, Floyd Giles. It will be taught using the telenet system at the Cooperative Extension service office at 224 W. Judd street, according to Plocher. \ Dates of the series are Jan. 15, 22 and 29 and Feb. 5. All sessions wUl start at 7:30 p.m. Locally, Kathy Martin of McHenry, a volunteer master gardener with the Extension service, will assist the specialists in conducting the program. The series will cover these topics: Good Home Design, Principles of Design, and Plant materials used in Home Landscape Design. There is a registration fee for the series, according to Plocher. Those who want to enroll, can call the University of Illinois Extension Service in Woodstock. individual family's needs and desires. attorney Schmelze is a graduate of the Notre Dame university law school. He later obtained a Master of Law degree in estate planning from Miami university. Mrs. Martin said there is no charge for this program. According to Veterans Ad­ ministration rolls, some 2% S p a n i s h - A m e r i c a n W a r veterans remain alive out of the 392,000 who served from 1898- 1902. Their average age is 98 years. WE RESERVE THE RIGHT TO LIMIT QUANTITIES ON SALE ITEMS SALE BEER NOT ICED NO SALES TO MINORS OF FINE WINES AND LIQUORS MERCHANTS SUN. • THURS. 9 TO 9 FRI. & SAT. 9 TO 10 4610 W. RTE. 120-McHENRY, ILL. SALE GOOD JAN. 17 thru JAN. 23 385-3200 IMPORTED 86 PROOF BALLANTINES CANFIELDS Jv, MIXERS 4-OUART BTTLS c 99 j , 1.75 LITRES § 1.75 LITRES PLUS DEP. COKE-TAB-FRESCA •SPRITE! yHJAgmTra k IMPORTED JUAREZ TEQUILA 1.75 LITRES PLUS DEP. HIRAM WALK FIVE STAR RC COLA DIET RITE COLA NEHI FLAVORS 4QTS. BRAN 1.75 LITRES 1.75 LITRES IMPORTED DON Q IMPORTED AMARETTO Dl GALLIANO GOLD OR WHITE PIPSI-7 UP-COKE- TAB-FRESCA-CRUSH- DR. PEPPER-A&W ROOT BEER-RC COLA-SQUIRT 8-16 OZ. BOTTLES 1.75 LITRES 8 OZ. BTTL BOURBON WHISKY 1.75 LITRES PLUS DEP. COMPARE-DA Y-IN DAY OUT, YOU'LL SAVE MORE AT BELL! LOS HERMANOS WINES INGLENOOK lESTATE BOTTLED 19721 Burgundy Rhine Vin Rose Zinfandel Chenin Blanc French Colombard Chablis CALIFORNIA CHABLIS 1.5 LITRE MAGNUMS KENTE BRtf MAM I' RHINELANDER BOCK BEER •OR HUBER! BOCK BEER OLD STYL^ FOX DELUXE BEER 24-12 OZ. BJTLS. HIGH LIFE 12-12 OZ N.R. BTTLS. 6-12 OZ. N. R. BTTLS. 6-12 OZ CANS PLUS DEP