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PAGE 4 - PLA1NDEALER - FRIDAY. JUNE 5, 1981 Hs* Htpe Rnd There In Business Dr. Narang Recertified Dr Parmod Narang was recently notified by the American Board of Internal Medicine that he has been recertified by the board. Dr. Narang was originally certified by the American Board of Internal Medicine and declared a Diplomat in 1974. Recertification ex­ amination by the American Board of Internal Medicine is a voluntary examination which was started six years ago to verify the physician's continuing competence and knowledge of latest development in medicine. Dr. Narang has been in practice in McHenry since 1975. His wife. Kamayani Narang, a pediatrician and family practitioner, is also in practice with him If RTA Shuts Down Insurance Coverage Good For Non-Profit Car Pools NOTICE to depositors of McHENRY SAVINGS t LOAN ASSOCIATION IN ORDER to comply with federal law, we've prepared a "Mortgage Loan Disclosure Statement" showing where our Home Loans and Home Improvement Loans were made during the last fiscal year. SHOULD YOU wish to inspect same, a copy of this report is available on request at our McHenry Office during regular office hours. McHENRY SAVINGS ft LOAN ASSOCIATION 1209 N. Green Street McHenry, III. 60050 Published June 5, 1981 No. 810264 Chicago area motorists who plan to form non-profit car pools if the RTA shuts down were assured this week that their insurance coverage would continue under their existing auto insurance policies. "This has been a policy of most insurance companies for some time", said Bob Schultz of the Illinois In­ surance Information ser­ vice. "And that was reinforced in late 1979 during the energy crisis when all Illinois auto insurance companies assured the state director of insurance that accidents involving autos used in car- pools would be covered." Even if your car is insured for pleasure driving rather than for commuting, most insurance companies will honor a claim if you are involved in an accident while driving to or from work, according to the Illinois Insurance Information service. "Insurance companies have no problem with the person whose coverage is based on pleasure driving but occasionally must use his car for commuting," said Schultz. "That classification is based oh how the car is used on a long-term basis. People Nominate Bolger For State Banking Post Thomas F. Bolger, president of McHenry State bank, is listed on the slate of officers to be voted upon when 1,000 bankers from Illinois and suppliers of The McHenry Plaindealer 38 I 2 We%t llm Street USPS 335 200) fttoblnhed IS7S MtHenry lllmon 600S0 Phone SIS 385 01 70 Published (very Wednetdoy ft fndoy ot McHenry Illinois Second Clots Postoge Poid ot McHenry Illinois „ 8y McHfNRY PUBLISHING COMPANY POSTMASTER Send address changes to McHenry Plomdeoler 381? W flm St McHen.y III.no.s 60050 Subscribers are requested to provide immediate notice of chonge of oddress to The McHenry Plomdeoler 3812 W Elm St McHenry III 60050 A deduction of one month from the eipirotion of o subscription «will be mode where o chonge of address is provided through the Post OH.ce deportment Thomas C. Miller-Publisher MEMBER Adel* Froehlich Editor NATIONAL NEWSPAPER ASSOCIATION goods and services converge on Chicago for the ninetieth anniversary convention of the Illinois Bankers association (IBA). It is scheduled June 14-16. Bolger, who is nominated for treasurer, is past president of the McHenry- Boone County Bankers federation and has served on the Illinois Bankers association committees on federal and state legislation as well as on the Council of Administration. The McHenry man has also served on the board of the Independent Community Banks in Illinois and on many of the standing committees of the In­ dependent Bankers Association of America Most recently, he has served as president of that nationwide association. SUBSCRIPTION RATES SIS 50 I Veor In Mc Henry County Outside McHenry County Editor* Quote Book Humility is the most dif­ ficult of all virtues to achieve; nothing dies harder than the desire to think well of self. T. S. Eliqt LEGAL The Johnsburg Community Unit School District No. 12 Board of Education will receive sealed bids for the sale of their Building Trades House Number 3, located at 5005 Lake Dawnwood Drive, in Lake Dawnwood Subdivision in the Village of Sunnyside. ' The minimum bid of $83,000 is being asked. Specifications and official bid forms can be secured from Mrs. Pat Bingman, Administrative Assistant, at the Administrative Office at 2117 West Church Street, McHenry, Illinois 60050. Sealed bids will be received until 2:00 P.M., June 23, 1981. The Board reserves the right to reject or accept any and/or all bids found to be in the best interest of the district. Signed: James W. Preston Secretary - Board of Education Johnsburg Community Unit School District 12 Proudly Presorts BUILDING TRADES HOUSE NUMBER 3 nn-- C D __L_ L IT NOW OPEN FOR BID! A. Dining Room l l ' x 1 3 ' B. Living Room 14' x 21' C. Master Bathroom 6 x 8 D. Master Bedroom 1 5 ' x 1 4 ' E. Kitchen 13' x 10' F. Bath Room 12' x 5' G. Family Room 1 2 x 2 1 ' H. Bed Room l l ' x 1 2 ' 1. Bed Room 1 2 ' x 1 2 ' J. Garage 22' x 24' GROSS SQUARE FOOTAGE 1,07* YOU HAVE THE OPPORTUNITY TO SELECT YOUR OWH CARPENTRY AND TILE! (WOO Allowance) For more information and appointments contact: Mrs. Pat Bingman, Administrative Assistant (815)385-6916 or Mr. Steve Pollock, High School Vocational Director, (815)385-4003 °n SPec/q/ Trfcyc/e | Real Estate Facts | who use their cars regularly for commuting pay more for their insurance than those who use it largely for pleasure and only . oc­ casionally for commuting." If you have any specific questions about your coverage, the Illinois In­ surance Information service suggests that you get in touch with youi^_ insurance agent or insurance com­ pany Heidi Winters beams her approval of hand operated tricycle given to her by the Rolling Meadows Pioneer chapter of retired Illinois Bell employee*. For more than a year, members of the Rolling Meadows Pioneer chapter (telephone retirees) have been intensely involved in a project which has reached beyond Illinois and extended to almost every state as well as Canada. It's the HOT project (Hand Operated Tricycle) which has been gaining momentum since the first tricycle was given to a little girl stricken with spina bifida. Since that time, only a year ago, 23 tricycles have been built and shipped to handicapped youngsters around the country. Some of these tricycles have also been donated to agencies such as the Easter Seal society, where several children can use it for mobility. A major donation which enabled the Pioneers to build more of the tricycles at a lower cost than was an­ ticipated came from about eight suppliers who donated hundreds of dollars of parts for the project. Items like foot pads, bearings, chain guards, steel rods and work donated to the Pioneers during the year cut costs significantly. In fact, one supplier, a man from Tulsa, Okla., who is himself crippled from polio, provided hun­ dreds of dollars of machined parts at no cost. Recently, one of the special tricylces was given to a handicapped child, Heide Winters, a six-year- old, from McHenry, who is a former Easter Seal Poster girl. Heide loved her trike, and although she lacks full use of her left arm, she was able to adjust quickly as she traveled back and forth on the carpet at the Pioneer meeting room at Rolling Meadows. ALL IN FAMILY Recently, the third member of a McHenry family entered into the same profession, as professional beauty consultants for Mary Kay Cosmetics. Former resident. Luella Dayton, began her career six months ago and now resides in Maryland. She introduced her sister. Colleen Brock, and mother, Evelyn Ficek, to similar careers (By Yvonne Beer, Executive Office, McHenry County Board of Realtors). Real estate is on nearly everyone's mind these days after last year's disaster when the sale of existing single family homes dropped from 3.7 million in 1979 to 2.9 million in 1980 Escalating home prices and tight mortgage money have continued, making 1981 a, candidate for a repeat of last year's bad performance. The McHenry County Board of Realtors presents its real estate outlook: Question: What affect has the mortgage rate rise had on the real estate industry? Answer: The real estate industry is experiencing grave difficulties at the present time Recovery is anticipated in early summer if President Reagan's economic policies are im­ plemented. However, mortgage frates are not expected to drop below 13 percent this year. Question: New home construction is off and so are resales There is a pent-up demand for housing that simply can't be met by what is available. What will happen when rates drop? Answer: prices will un­ doubtedly go up. When the supply cannot equal the demand, prices rise. People will have to settle for less. Question: The average home now costs about twice as much as it did seven years ago and many experts are predicting further increases. How can we put a stop to this rapid inflation in home prices? Answer: Basically, three things are necessary: to get inflation out of the general economy by changes in government economic policies; to eliminate un­ necessary or ineffective regulations by government; and to produce at least 2 million new homes annually during the 1980s. Question: Mortgage in­ terest rates are so high that manyfamilies can no longer afford to buy a home. What can be done to bring interest rates back to an affordable range? Answer: Double-digit mortgage interest rates are a reflection of double-digit inflation. Until we are successful in bringing price inflation under control, we can expect mortgage in­ terest rates to remain above their historic levels One way lo bring the r^tg^f inflation down is 4o "bring federal deficit spending under control. Reagan's biufget-cut program prdposes to do just that. Question: Home prices have risen dramatically in recent years.' Do you think the bubble will soon burst, causing prices to drop precipitously? Answer: There has been a lot of discussion lately of an impending real estate crash. The facts lead us to believe that home values around the country are on a solid footing and will continue to rise in the future. The increase in home prices, as stated previously, is a simple matter of supply and demand. Because of high interest rates and excessive government regulation, we are not producing enough new homes to meet the in­ creased demand. (Questions from readers on real estate related issues may be sent to the McHenry County Board of Realtors at 666 Russel Court, P.O. Box 192, Woodstock, 111., 60098. Questions of broad general interest will be answered in subsequent columns. However, the McHenry County Board of Realtors cannot guarantee a response to all questions.) COMPLETES COURSE Marge Bright of the Crystal Lake area office of Quinlan and Tyson, Inc., Realtors, has been awarded a certificate for the suc­ cessful completion of an advanced real estate education course. Mrs. Bright taught school for 14 years in Illinois, four at McHenry West campus prior to studying for her real esate license at McHenry County Junior college. McHenry Man Purdue 'Distinguished Grad' •A LAWYER'S ROLE IS TO > SOLVE PROBLEMS •LET ME SOLVE YOURS <Scott c^-. <cNo[an ATTORNEY AT LAW Su i t o B 4306 B C rys ta l l a ke Rd . Whisper ing Po in t Cen te r J Mr Henry 344-1630 ROBERT B. COVALT Eleven Purdue university graduates were back on campus April 24 to be J t' UKlLGIUEVOU 1HIS $30 HSEI BHBGMM lanOH EIHGtSMK, 'Take it from Dave Lennox... All we ask is the opportunity to estimate the cost of mod­ ernizing your home comfort system with highly efficient, quality built Lennox equipment. Whether you need an add-on, replacement unit, or a com­ plete new system, we can assure you Lennox air condi­ tioning and heating will save energy and cut operating costs. Get full details. Get a free estimate. And get your free Paul Revere Signature Collection Teakettle. Offer expires June 15,1981 Ask about our convenient financing. r® ALTH0FF INDUSTRIES 809 N.FRONT STREET McHENRY, ILLINOIS 60050 815-385-5700 This offer limited to qualified homeowners. honored by the Schools of E n g i n e e r i n g a s "Distinguished Engineering Alumni." The 1981 Distinguished Engineering Alumni in­ cluded Robert B. Covalt, president. Morton Chemical division. Morton Norwich Products Inc.. Chicago. B.S. Ch.E , 1953. of 7517 Bull Valley roadK McHenry. Each year since 1984 the faculties of the engineering schools at Purdue have given the award to Purdue alumni "in recognition of outstanding achievements in professional and^related fields of endeavor." As a chemical engineer, Covalt has moved through both the engineering and management ranks to his present position as president. He has con­ centrated on innovation and development of new products and on the in­ troduction and support of these products in the marketplace. The major products of the division Covalt heads up serve the chemical, agricultural and pharmaceutical industries. Cookbook The first printed cookbook came off the press just 20 years after Gutenberg's first Bible. ^American Viewpoints Doubts and jealousies of­ ten beget the facts they fear. 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