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Remembering When fin#!yntfl flK w ; > .4 Wonder Lake , . 1 - • • 7 „ , Anne Sowers 653-9549 Do you remember this scene in the era of 1812-1915? The boats have changed, and so have the /\ •ltlre t,le P^Ple. but there is something very familiar about the building. The Everett Hunter Boat Co. factory was one of the moat popular recreation sites in McHenry each summer. It was located in the building at the northeast corner of the Pearl street bridge which now houses Hansen Marine. ' IRS Ruling Threatens Some Governmental Units An Internal Revenue Service ruling concerning state and municipal securities used by banks as collateral for state deposits could have devastating impact on Illinois' govern­ mental units, according to State"" Treasurer Jerry Cosentino. The ruling published just before Christmas represents an apparent enlargement on earlier IRS rulings about the status of interest that banks pay on government deposits. The new ruling says that when banks use municipal bonda-which includes state bond issues as well as those issued by cities, counties, ^ school districts or other units ' of local government-as collateral for government deposits, the banks cannot claim the interest they pay that governmental unit as a business expense. "This type of ruling is going to make banks look twice at the desirability of bonds from school districts, or even the State of Illinois," Cosentino commented. "At this point in time, when governments at all levels are faced with such a high cost of obtaining financing, it is about like throwing gasoline on a smouldering fire," the treasurer observed. "It is a most inflammatory action." If the ruling stands, Cosentino predicted that by, next April, when th treasurer asks for bids state deposits for one-year duration, there wilL be a sharp drop in the interest which the banks bid % these funds. "Right now, the State of Illinois stands to be hurt more than perhaps any other state," Cosentino pointed out. "Our office deals with more than 1,000 banks-- which is more than any other state except possibly Texas. "We earned more than $216 million for the tax­ payers of this state this past fiscal year. This rulin would hit medium and large banks the hardest. They are the ones who buy more municipal bonds, and pledge them as collateral. They also are the ones who usually bid the highest rates for our state deposits." The big question now, Cosentino said, is whether or not the ruling will stand. He observed that the American Bankers association im­ mediately filed a protest with the IRS about the fact the IRS ruling intended to make the change retroactive for three years. Cosentino also said he is writing all Illinois congressmen to ask their support ' for whatever legislation is needed to assure continued vitality of the municipal bond market. He pointed out Senator-elect Alan J. Dixon will be on the Senate Banking committee and Reps. Frank Annunzio and Henry Hyde of Illinois sit on the House Banking and Commerce committee. j> Snowmobilers Finally Ride <•' \ After a long wait for any kind of snow to appear so that^the snowmobiles could be taken out of ihiding, snowmobilers finally got their chance. The sounds of all different kinds of machines can be heard in the distance making their way to the lake. The ice is frozen hard enough to provide a large play area for the young and old alike. Even the trails now have a good snow covering. Many times, we non- snowmobilers become irritated when we see ^private property being driven across or snowmobilers racing down the middle of a street going faster than anyone should. As usual, the irresponsible are the minority; but make it look bad for those who follow the rules. All the clubs in our area belong to the McHenry County Alliance which means they can ride each other's trails giving them more miles of trails than can normally be used. The clubs must seek the permission of landowners to go across their property and they encourage their members to respect private property and to follow good safety rules. O c a s s i o n a l l y n o n - members use the trails but do not worry about rules. Your membership would be (welcomed into any of the clubs where you would be informed on the do's and don'ts. It sure would give you more space to ride besides across a neighbor's yard! The Sheriffs Patrol does ride the trails,and will give tickets to any snowmobile not having a club sticker and the Alliance sticker. WOMAN'S CLUB The Woman's Club of Wonder Lake will be holding its first meeting of the new year Thursday, JfSh. 15. After the business meeting, which begins at 8 p.m., a sewing demon­ stration will be given, showing everyone the basics of making a t-shirt. Hostesses for the evening will be Joanne Higgins, JoAnn Gran, Karin Guelzo, Joanne Heinly, and Dottee Jacobson. As for all meetings, guests are welcomed to the club's meeting place, the Nativity Lutheran church, 3506 E. Wonder Lake road. HOLIDAYS OVER Well, here we are into a new year, back on our regular schedules with the holidays all over. The house looks like it has the blahs with all $e bright red and green decorations taken down and packed away for another year. We now head into that long, stretch until the first signs of Spring appear. Here are a few thoughts to carry you through. Only three more weeks of Junior high basketball (that means only three more weeks of dinners at odd hours). Only four more weeks until Ground Hog's day. For bowling enthusiasts, only about fourteen more weeks to get your average up to where you want it. % Only fourteen and a half weeks until Easter. Only twenty more weeks until the Wonder Lake Memorial day parade and the beginning of Wonder Lake Boy's baseball. And a sure sign of Spring - only two more months before the ice starts to break up on the lake COMMUNITY CALENDAR Jan. 7 Young At Hearts PAGE > - PLA1NDEALER - WEDNESDAY, JANUARY 7,1*81 meeting; 10:30 a.m.; Christ the King hall Jan. 8 Woman's Club Board meeting; 8 p.m. Jan. 15 Woman's Club meeting; 8 p.m.; Nativity Lutheran church hall Jan. 16 No school _ for District 200 Jan. 21 Young At Hearts meeting; 10:30 a.m. Christ the King hall. Look Sato My Eyes Well-qualified doctors and dentists increasingly are turning to hypnosis to relieve pain and anxiety, and courses in the sub­ ject are being offered at a grow­ ing number of schools. Many obstetricians regularly use hypnosis as an aid in natural childbirth. Amputations, skin grafts, even brain surgery have been performed on hypnotized patients without anesthetics. „ EXPLOSION HAZARD An explosion hazard has been found in more than 600,000 liquid propane (LP) gas water heaters which c o n t a i n t h e r m o s t a t s manufactured by the White- Rodgers Division of Emerson Electric company of St. Louis. According to William L. Kempiners, director of the Illinois Department of Public Health, the water heaters involved were sold between 1961 and 1968, predominantly to rural homeowners, by the A O. Smith Corporation of Kankakee, by Sears, Roebuck and Company of Chicago and by other m a n u f a c t u r e r s a n d retailers. Any consumer who believes that his water heater contains one of the p o t e n t i a l l y h a z a r d o u s t h e r m o s t a t s s h o u l d telephone a toll-free "hotline" at White-Rodgers (800-325-9589). *1980 rent soft\ E N T A L NO installation charge •** NEW fully automatic softeners , TWO year option to buy with FULL rental fee deducted ONE phone call can answer any questions 312-259-3393 FOX VALLEY DIVISION • DAILY 9-9 SAT. 9-6 SUN. 10-5 rrar McHENRY MARKET PLACE 385-4100 January Clearance Sale ^ Se lec t Group Of Limited Quanti t ies. So Hurry In For Best Selection And Save. W - -s- ALL ITEMS SELECT GROUP PRICED AS MARKED nds from school districts, nscai year. This ruling commerce committee. Winter Service Specials GM QUALITY SERVICE PARTS GENERAL MOTORS PARTS DIVISION 'Keep That Greot GM Feeling with Genuine GM Ports' UP SPECIAL 8 CYLINDER $30°° V-6 CYLINDER s30°° 6 CYLINDER $26°° 4 CYLINDER *20°° •LABOR ONLY •PARTS EXTRA •GM CARS & TRUCKS ONLY •V-8MONZAS, CORVETTES AND VANS HIGHER FRONT END ALIGNMENT »16" •FULL AND INTERMEDIATE SIZE GM CARS . "OTHER MAKES SLIGHTLY HIGHER LUBE AND OIL CHANGE $A40 t4yt •INCLUDES LABOR •PLUS A OTS. PENNZOIL 10W30 MOTOR OIL TRANS SERVICE SMCIAt WITH rm AO 28 72 REG. PRICE *35.07 SAVE •i.SS INCLUDES: DRAIN FLUID. ADD UP TO 4 QTS. FLUID. REPLACi FILTER THM 200 SLICHTLY HIGHER • RECOMMENDED SERVICE INTERVALS EVERY 24 MONTHS OR 24.000 MILES • GM CARS ONLY I • SUB-COMPACTS SLIGHTLY HIGHER _ RE-PACK FRONT •Recommended service intervals 24 months or 24,000 miles * Parts extra if needed C • Includes 2 WD. Trucks up to '/» ton 16 pavton Chevrolet *• * UUlY 11 COIITU y.UCUDV IOC IIAA HOT. 31 SOUTH. McHENRY 385 2100 CLOUD SUNDAYS NUWS: MaMim & Ladies ... Co-ordinates TOMBOY ^ . Ladies Dresses 900 CATALINA W/ DEVON WV /© BODY ENGLISH Tgk GLORIA T® VANDERBILT PRESENT CO. £AO/ Z TO 800 SAVE 61 % TO 88% ALFRED /© DUNNER JR. - MISSES - V2 SIZES Ladies Bras 3 ASSORTED STYLES 3.50 VALUES 2" SAVE 38% Ladies Tops & Blouses 25% ro 50% OFF S-M-L r Ladies Bras 3 ASSORTED STYLES 3.50 VALUES 2" SAVE 38% Ladies Tops & Blouses 25% ro 50% OFF S-M-L r Bundle Bags & Granny Sacks l i 0 0 , . 17 SAVE 22° 0 TO 27° 0 Ladies Corduroy Skirts REG. 13.50 9 50 SAVE 30-33% ON OTHER STYLES TOO. SIZES 6-18 Costume Jewelry 50C TO Ladies Jeans & Slacks 650 TO 1 7°0 SAVE UP TO 68% SIZES 6 - 32 Ladies Boots - Slippers • Shoes 20% TO 40 % OFF Ladies Gowns & Pj's FLANNEL & BRUSHED NYLON REG. 9.00 & 10.00 Scarves MENS GIRLS BOYS LADIES Towels SOLIDS & PRINTS SAVE 18% 33% Ladies Pantsuits SAVE 20% 33% JR. - MISSES - '/, SIZES Bath Ensemble 5 PIECE ASSORTED SOLID COLORS REG. 14 .00 BATH HAND VALUES 3.00 2.00 1.25 WASH CLOTH SLIGHT IRREGULARS SAtl 1.97 1.47 97' MENS BOYS LADIES GIRLS Winter Coats SAVE 25% 40% 7 00 V A L U E S T O 3 . 0 0 Men's Levi Jeans & Corduroys 1600* lgoo SAVE 20% TO 28% SAVE 22% TO 30% S - X L Thermal Underwear M1NS BOYS GIRLS WOMEN I OPS 8 . DRAWL RS SAVE 18° 25° 10 Boys Jeans 600 TO > 10°° SAVE 17% TO 25% S I Z E S 5 - 1 8 Ladies Handbags 500 \ 7 TO 00 SAVE 22% TO 30% Ladies Robes HEAVY WEIGHT 1 4 0 0 T O 2400 S A V E 1 9 ° 0 T O 2 f c ° 0 S XL