The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

PAGE 14 - P1AINDEALEK - FRIDAY. JANUARY IS. IS82 Here Find There In Business Long Career At End -For James Larkin ' ; r- "i • ? ; r Rate*JHike Edison Request Near 20 Percent SHAW MBXA NfWS HtVKI Commonwealth Edison Co. has filed a request with the Illinois Commerce Commission for a general across-the-board rate in­ crease of about 19.4 percent, which would add $8.35 to the average residential customer's monthly bill. The increase comes on the heels of a 5.9-percent hike granted last July by the Illinois Commerce Com­ mission. Ron Russell, district manager of ComEd's Crystal Lake office, said the increase is necessary to complete the Byron, Braidwood and LaSalle nuclear power plants, now under construction, due to inflation, recession, en­ vironmental costs and high interest rates. ComEd asked that half the amount be granted on an interim basis while the ICC considers a final decision, which could take as long as 11 months. The company said the interim rate relief is needed to obtain necessary financing jon reasonable terms. If the ICC grants the full amount requested, each step of the two-part increase would add $3.80 to the bill of a residential customer using 500 kilowatt hours per month during the eight non- summer months and about $4.55 to that customer's monthly summer bills. Based on estimated sales for 1983, the proposed rates would increase charges to customers by about $805 million annually. Russell said this is the largest in­ crease the company ever has requested in terms of the total dollar amount. He added the company's 5.9-percent increase last July also was requested due to inflation, the economy and rising costs in general. ENLARGE STORE-Manager David Pease stands in his attractive store, Georgetown Furniture & Bedding, Inc., 3622 W. Elm, McHenry, which has just been enlarged. The addition adds thousands of feet of furniture showroom and warehouse space and enables the owners to offer a greater variety of home furnishings. The firm has been in McHenry for 11 years. Dahl Named To Head Pennsylvania Firm Frazer, Pa. Westcode, a member of the Hawker Siddeley Group Public Limited, United Kingdom, manufactures railway freight air brake valves, transit brakes, and passenger door controls. Prior to joining Westcode, Dahl was vice-president, Marketing* and Sates, with Fruit Growers Express company in Washington, DC., a manufacturer and lessor of railroad freight and caboose cars. Dahl was awarded a Master of Business Ad­ ministration degree from the University of Chicago, Graduate School of business, in 1976. He received a Bachelor of Arts degree from the University of Illinois in 1963. Dahl will be remembered by his friends in McHenry as a member of the graduating class of 1955 from McHenry high school. WALTER DAHL Walter A. Dahl has been appointed to the position of president, chief executive officer, of Westcode In­ corporated located in Higher Rates For Bell SHAW MEDIA NEWS SERVICE American Telephone & Telegraph s agreement with the Justice department to divest itself of 22 operating companies will mean higher local rates and lower long­ distance rates for Illinois Bell Telephone Co. customers Stan Jozwiak, manager of the Woodstock Bell office, said Friday's agreement means local service will be maintained by Bell, and long-distance service and c%stomer premise equip­ ment, such as telephones and teletypes, will be maintained by AT&T. Jozwiak said local rates will increase because the service no longer will be subsidized by long-distance revenues and long-distance rates will decrease because of the halt to the drain on those revenues. Jozwiak said estimates are that local rates will double over a period of five years locally, the current basic charge for measured service is $2.65, plus about five cents for every local call, and the charge for a one-party line is $5.40, with no charge for local calls. Jozwiak added AT&T's decision must be approved by a federal court, a process expected to require about 60 days. In addition, im­ plementation of the divestiture will require about 18 months, so Jozwiak said local customers probably will not see any changes for about two years. CONTEST WINNER Hans Heidler, 5709 North Woodland drive, McHenry, is a winner in the Bob Collins' Ultimate Monolog contest sponsored by WGN radio. Heidler is one of 35 who won an evening with Bob Collins. Heidler and the other winners each received tickets for two for dinner with Bob Collins Jan. 12. ALEXANDER LUMBER CO. "BEST OF EVERYTHING FOR THE BUILDER" FEATURIN& CUMPLETE LINES OF: •OLYMPIC STAIN •BRAMMER CABINETS •ANDERSEN WINDOWS •PRE HUNG DOORS •NORD SPINDLES •JIM MARTIN PAINTS •LINCOLN WINDOWS •GAF SHINGLES •BUILDERS HARDWARE •PREFINISHED PANELING •CHAMBERLAIN GARAGE DOOR OPERATORS Phone 385-1424 909 N. FRONT ST7, McHENRY By Yvonne Beer, Executive officer, McHenry County Board of Realtors Although all individual taxpayers are enjoying a 5 percent reduction in the 1981 income tax rates as of Oct. l, other tax laws went into effect last fall that are helping home sellers and potential home buyers as well. The once-in-a-lifetime home capital gains tax exemption for a qualified home seller, age 55 or older, was raised to $125,000 from $100,000. This increase, which took effect July 21, is giving older Americans more protection from in­ flation, which has pushed the value of their homes up, thus giving them a bigger profit. To qualify for the exemp­ tion, you must have lived in the house you sell for periods totaling at least three during the previous five years. This makes it easier for older couples who had thought about making a move, to sell their homes and buy a smaller residence or con­ dominium. If you plan to buy or build another home after selling your old one, you now have up to two years to complete the transaction and defer the taxes from the gain on the sale of your first home. Previously, the seller had two years to build a new home or 18 months to buy an existing home, in order to qualify for this deferral. This benefits home sellers who feel they will need time to find a new home, but yet want to defer the capital gains taxes which would otherwise be due on the profit from the sale of the first home. In addition, the new law affects the profit on sales of homes sold after June 8, 1981, by reducing the capital gains tax rate from 28 to 20 percent. Although your home ap­ preciates in value each year, for tax purposes many business property owners, especially investors, want quick depreciation. The shortest useful life now allowed for most depreciable real property acquired after Jan. 1, 1981, is 15 years. This compares with the present period of 30 to 35 years or longer. This easing of capital cost recovery will permit a depreciation rate of about 7 percent of the property's value per year and give a faster return on real estate investment. This is good news for multi-family residential construction and should translate into a 10 percent increase in apart­ ment construction over the next three years. By now, you've heard of the All Savers Certificate, which went on sale at many banks and thrift institutions last Oct. 1. This, too, is a result of a change in the tax law that can benefit home buyers and sellers. The certificates were designed to encourage savings and to increase the supply of mortgage money and, hopefully, reduce the in­ terest rate on that money. The certificates will be available until Dec. 31, 1982, and offer up to $1,000 in tax- free interest per person. At least 500,000 more home buyers will be able to afford homes because of the cer­ tificates. * Top Salesman JOE GILMORE David Teberg of Century 21 Lake Region Realty has announced that Sales Associate Broker Joe Gilmore has become the newest member of the Century 21 Million Dollar Achiever club. To become a member, a sales associate must have listed and or sold one million dollars worth of properties. Gilmore with his wife, Pat, and their three children, have been residents of McHenry for many yeary. | Real Estate Facts | JAMES LARKIN With the start of a new year, James Larkin, vice- president of installment loans at McHenry State bank, has decided to take things a bit easier. Retiring after nearly 42 years with the financial institution, Larkin said he has no specific plans for the future - except to enidy* himself. "I decided to retire while I'm not too old to enjoy it," Larkin said with a smile. "After 42 years, I could see my way clear to take it easy." Just out of high school in 1940, Larkin began working at the McHenry State bank as a bookkeeper. "The bank at that time was on Main street, in a crackerbox of a building with old marble pillars," Larkin said. "We had a total working force of six people, including the president. There are over a hundred now." Following a two-and-a-half year stint with the U.S. Army during World War II, Larkin returned to the bank as a bookkeeper and a teller. "I was a bookkeeper in the morning and a teller in the afternoon," he said. "Mr. Carey was the president at that time and he was the only one who made loans." Fifteen years later, when JW building wan built in *, 956 at the corner of Green and Elm streets, Larkin said he "finally got a desk" and started in the "loan department." Larkin pointed out that in those days, there were no official loan officers, one of the employees simply handled the loan requests. "When I started we had more farm customers than anything," he- said. "Naturally, these days we're into a lot bigger commercial loans." Noting the larger number of dairy farms that existed then, as compared to now, Larkin said the farmer's payday was always a big business day at the bank. I "The farmer's payday was always big," he said. "It was the 18th of the month, as I remember, when they got their milk checks." A native of McHenry, Larkin lived the first 20 years on a small farm two miles south of town. Shortly after he started working at the bank, the family moved to a home on Pearl street. "I lived practically across the street from the building I retired from," he said. Immediate plans range from doing a little ice fishing to puttering around the house, but Larkin is looking forward to Spring with the start of golf season and a large garden in the back yard. UNITED WAY CONTRIBUTOR-A major contributor to the record amount raised to date in the 1961-82 United Way of McHenry county campaign is Modine Manufacturing Co. of Ringwood. Presenting a pledge of $1,808 from the firm and its employees is Daniel Franke, (left), personnel manager. Receiving the check for United Way is Roman Bauer, Worksite campaign chairman and a director of United Way of McHenry County. 4 New Plant Manager been promoted to plant manager of Modine Manufacturing company's McHenry aluminum heat- exchanger plant, replacing Don R. Johnson, who has been promoted to operations manager of the company's Aluminum Products group in Racine, Wis. Dudzik joined Modine as assistant plant manager at McHenry in late 1981. Prior to that, he was vice- president of manufacturing at Barnes Drill Co., in Rock- ford. Modine's local plant, one of 16 company production plants in eight states, manufactures all-aluminum automotive air-conditioning components and oil coolers. The plant currently employs about 150 people. VANews | (Editor's Note: Following are representative questions answered daily by VA counselors. Full information is available at any VA of­ fice.) Q. - Is there a time limit for applying for window's pension from the Veterans Administration? A. - No. There is no time limit. However, in order for benefits to be retroactive to the date of the veteran's death, application must be filed within one year of that date. Q. - I defaulted on a Veterans Administration guaranteed loan in 1971 and the VA claims I owe them money on their loss. They have notified me they are going to start collecting from my VA compensation check to pay this debt. I have not given permission for them to do so. Can this be done? A. - Yes. Your VA com­ pensation may be withheld to satisfy a debt owed to the VA. Q. - I am a disabled veteran receiving 100 per­ cent compensation from the Veterans Administration. Am I eligible for dental care? A. -- Yes. Veterans receiving compensation at the 100 percent rate for s e r v i c e c o n n e c t e d disabilities may apply for dental care at the nearest VA medical center. Q. - Does the Veterans Administration give small business loans? A. - No. The VA discon­ tinued this program in 1975 and it is now operated by the Small Business Ad­ ministration. Check the "U.S. Government" section of the local phone book for the number of the nearest SBA office. KENNETH DUDZIK Kenneth L. Dudzik has In Management Cheaper Hydrogen for fuel has been produced from lignite cheaper and more efficiently than using the coal to make synthetic oil and gasoline. . c * ; Chester L. Middaugh has been accepted into Term 2 of the Managers program at the Lake For­ est Schoof of Management. Middaugh, who is departmen­ tal supervisor for Deringer Manufacturing company, lives at 3629 W. James in McHenry with his wife and family. Chester Middaugh Joins the 190 other current students in the Managers program which has been providing prac­ ticing managers with educational development to improve their on-the-job p e r f o r m a n c e a n d promotability since 1946. r light One Candle ATTENDS WORKSHOP Anthony G. Freels, secretary-treasurer of Nun- da-Algonquin Mutual Fire Insurance company, at­ tended an annual statement workshop for farm mutual i n s u r a n c e c o m p a n i e s recently in LaSalle. These day-long meetings were conducted by the Illinois Department of Insurance to assist companies in com­ pleting and filing annual statements to the depart­ ment and to provide assistance in such areas as reinsurance, investments and regulatory procedures. BUDDY'S WORKSHOP Sticky Substances Will Help Start Nail How do you get a nail started in tight spots (corners behind a water heater, etc.) where you can use only one hand? If you have children, borrow some of their modeling clay, or you can use putty, even bubble gum. Press a lump of the sticky material where you wish to place the nail. Insert the nail and you can get it started with one blow from the hammer. Once the nail is started, remove the substance. 8SSSSSSSSSSSSSSSSSSS»W!3SSS»S5SS5S«SSSSSSSS9' American Legion Post 491 I -RINGWOOD ROAD, McHENRY- , j OPEN TO THE PUBLIC FISH FRY EVERY FRIDAY I (5:00 - 9:00 P.M.) i •PERCH-JILL YOU CM EAT-OTHER MEMJ^VAIUBU \ PLUS GIANT SALAD BAR INCLUDED j HALL FOR RENT | PERFECT POR WEDDINGS, RANQUETS. PARTIES AND MOM ®( 1 7TI ] 71 8SSSSSSSSSSSSSSSSSSS»W!3SSS»S5SS5S«SSSSSSSS9' American Legion Post 491 I -RINGWOOD ROAD, McHENRY- , j OPEN TO THE PUBLIC FISH FRY EVERY FRIDAY I (5:00 - 9:00 P.M.) i •PERCH-JILL YOU CM EAT-OTHER MEMJ^VAIUBU \ PLUS GIANT SALAD BAR INCLUDED j HALL FOR RENT | PERFECT POR WEDDINGS, RANQUETS. PARTIES AND MOM ®( 8SSSSSSSSSSSSSSSSSSS»W!3SSS»S5SS5S«SSSSSSSS9' American Legion Post 491 I -RINGWOOD ROAD, McHENRY- , j OPEN TO THE PUBLIC FISH FRY EVERY FRIDAY I (5:00 - 9:00 P.M.) i •PERCH-JILL YOU CM EAT-OTHER MEMJ^VAIUBU \ PLUS GIANT SALAD BAR INCLUDED j HALL FOR RENT | PERFECT POR WEDDINGS, RANQUETS. PARTIES AND MOM ®( Your Electrical Source For: • Industrial • Residential • Commercial * Contractor Supplies 8SSSSSSSSSSSSSSSSSSS»W!3SSS»S5SS5S«SSSSSSSS9' American Legion Post 491 I -RINGWOOD ROAD, McHENRY- , j OPEN TO THE PUBLIC FISH FRY EVERY FRIDAY I (5:00 - 9:00 P.M.) i •PERCH-JILL YOU CM EAT-OTHER MEMJ^VAIUBU \ PLUS GIANT SALAD BAR INCLUDED j HALL FOR RENT | PERFECT POR WEDDINGS, RANQUETS. PARTIES AND MOM ®( Father John Catoir, Director of The Christophers Labor and Human Rights Changing The Course of History The labor movement in the United States began as a struggle for human rights and it changed the course of A m e r i c a n h i s t o r y . C a p i t a l i s m b e c a m e humanized. Management, at the turn of the century, routinely abused the labor force, demanding long hours of strenuous work for low pay and providing terrible working conditions. It was virtually slave labor. When the workers organized, their unions were strenuously opposed. In economic terms the struggle was always about money. Better treatment of the workers cut into profits. !n moral terms the issue was whether or not the Golden Rule has a place in business. The unions made sure of it. Obviously great progress has been made over the years, but there are still some pockets of abuse as in the treatment of the migrant farm workers and certain mine workers. We see an interesting parallel to the American labor movement taking place in Poland today. Solidarity will change the course of Polish history and have a profound effect on world history as well. As far as workers are concerned it doesn't matter whether the bosses are greedy tycoons or slave-driving communists. Workers want to be treated fairly and decently. When they are abused they fight back. For the Polish leader Lech Walesa that fight has had its price. For fully 10 years his a c t i v i t i e s g e n e r a t e d suspicion. He lived with the constant threat of being imprisoned or killed. Once he participated in a strike that left 55 people dead. A skilled electrical worker, he was designated the outstanding electrician in his plant one' year; nevertheless he was fired three times for union ac­ tivities. He bravely persisted in those activities even though, as the father of six children, he needed the work. Such was his reputation that when the much publicized strikes took place in the summer of 1980, he was arrested as a precautionary measure. This so angered the workers that the police were forced to free him, whereupon he joined the strikers and helped them achieve their1 goals and freedoms they; never expected to gain. Human rights are pur-j chased with the coin of suffering. Faith in action isi love; love in action is ser­ vice. When Lech Walesa told his; fellow workers, "I am not| your master. I am your servant," he reminded me of! the words of Jesus, "I am among you as one who serves." THE GAS PUMP CONSTANT SPEED Whether driving on the highway or in the city, keep your speed const­ ant. Less gas is used by going at a steady speed t h a n b y i n t e r m i t t e n t l y slowing and accelerating. Varying speed on the high­ way by as little as 5 mph can reduce economy »by 1.3 mpg. McHENRY SHOE REPAIR 814 N. FRONT ST. McHENRY, ILL. / 344-2330 HUM I JAMHARY IS HOURS: MON.-FRI. 9-5:30 SATURDAY-9-3:30 ./?