PAGE TWO
Babson Disc
usses Stocks
By Roger Babson
Have just telephoned an im-
portant brokerage house in New
York City to ask its opinion on the
stock market. The reply was: “We
guess the market is finally getting
high enough for the public to
buy”.
Look At The Record
The Dow-Jones Industrial Av-
erages struck a high of
381 in 1929; they fell to 41 in
1932; they rose to 194 in 1937;
fell again to 93 in 1942; rose again
to 212 in 1946, from which they
declined until a few months ago.
They are now around 245, the high
for 20 years; but this statement
applies to only 30 stocks out of
over 1,000 stocks. Many good
stocks are now selling for less than
they did in 1946, or earlier. Many
people say: “All stocks have gone
up except those which I hold.
What is the reason?” The truth
is just the reverse of this. Only
a very few stocks are selling at
their “20-year highs’'.
All the above causes the wisest
investors to be neither bullish nor
bearish just now. They believe
stocks are good for intome, but not
for speculation, The stock market
is very selective and the war out-
look is very uncertain — either
way. We are now doing right to
prepare actively for World War
III; but it may not come for years.
Our hurried preparations may be
useless.
What Mr. Hoover Believes
Mr. Hoover apparently believes
that, unless there is a revolution
in Russia, all of Europe — war or
no war — may, for a period of
years, try communism and that
no War III can prevent it. He
also thinks that the Russians
now have no intention of striking
North or South America unless we
attack Russia. He believes we
should now avoid war and concen-
trate on strengthening the United
States militarily, economically
and spiritually until the Europeans
unite and show an enthusiasm to
fight communism. Under this
Hoover Policy our markets should
hold up.
If we should get into war with
Russia and one or more of our
cities are bombed, the Stock Ex-
changes would be closed to pre-
vent financial panic. Everything --
securities, commodities, rents,
banks and wages — would be
frozen. We would be ruled by a
dictator and stocks would go down.
Those who expect war should not
buy stocks — certainly not unless
they are very carefully selected
by experts. Inflation, however,
should help a few stocks.
Stocks vs. Homes
Certainly, anyone who does not
own a house and an acre of land
in a safe country village, should
make such his first investment —
war or no war. Many such places —
well located, with water, fuel and
neighbors can be purchased
today for one-third what «it would
cost to build them. I'm not ad-
vising their purchase for immediate
occupancy; but for insurance and
security.
Next, keep healthy, have a good
bank account and a job which will
give you a living. If you are de-
pendent partly on investment in
come, then buy a very broad list
of 30 stocks which have paid divi-
dends for many years and which
should give you about 5 percent.
If your local bank is unable to
supply you with such a list, the
bank can send to me at 270 Wash-
ington Street, Wellesley Hills,
Massachusetts, and I will freely
send such a list to the bank for
you.
"
Got A Good
Fudge Recipe?
The candy booth at last year’s
Library Auction ran out of candy
long before the sweet tooth of the
multitude had been satisfied. Folks
rushed home from the auction to
‘beat up another pan of fudge,
thereby missing an opportunity to
bid on a stuffed pheasant or a bit
of milk glass.
There is no limit to the amount
of home made candy that can be
sold. If everybody in the Back
Mountain contributed a pound of
candy, the booth would still show
bare shelves on Saturday at mid-
night.
It isn’t much trouble to make a
pound of fudge. A practically fool-
proof recipe uses a percentage of
Karo syrup to prevent crystalliz-
ing. Sea-foam or divinity with
nuts in it is always salable. Peanut
brittle is a cinch to make. Candied
lemon peel and grapefruit sticks
always go well.
And surely there is somebody in
the Back Mountain who can make
pulled molasses taffy.
Let's have plenty of candy. Mrs.
Robert Fleming and Mrs. Peter
Clark have charge of this booth,
and they will welcome contribu-
tions.
Dallas boys in military service
are urged to write letters to the
Dallas Post.
|
THE POST, FRIDAY, JUNE 29, 1951 a
- =
Know Your Neighbor
Nu
LOUIS BANTA
Back Mountain
contribution to the hectic
fight for sheriff in Luzerne County,
The
own
Region's
Lou Banta, is confident that he
can handle the job as honestly
and as efficiently as a long list of
predecessors in the office.
All Lou lacks is the backing of
an organization and that, Mister,
is something if you haven't got it.
Lou is new to politics; but he
has been about in his thirty-four
years, and will probably turn in a
good account for himself when the
votes are counted.
He first saw the light in Swoyer-
ville, the son of Mr, and Mrs.
Eugene Banta. When he was six
years old his family moved to the
Back Mountain Region where Lou
received his early schooling in Dal-
las Township. For the past four-
ton Township.
Before he was twenty, Lou went
to work in the Harry E. Colliery
at Swoyerville and became one of
the youngest miners in the area.
Then World War II came along,
and, although he was married to
Dorothy Updyke, and uneligible for
the draft because he was a miner,
Lou enlisted. He had to get an
affadavit, however, from a notary,
saying that he refused to work in
the mines, before the Airborne
Engineers would accept him.
After plenty of stiff training in
the United States, Lou went over-
seas attached to the famous 82nd
Airborne. Africa, Sicily, Jugo-
slavia was some of the ground he
covered, and Italy was his last
stop only because a strafing Ger-
man Messerschmidt stopped Lou
(Continued on Page Three)
with stiff collars
like talking . . .
Main Office
Market and Franklin
Streets
Wilkes-Barre
ti
| When Was The Last
Time You Talked
To Your Banker?
There are many times when people SHOULD go into their bank and talk
‘things over with their banker. But, all too few ever get around to do it.
From experience, we know many people have the mistaken idea that
{| bankers are a gruff, too-busy, skeptical, critical, heartless sort of breed
and stiff backbones, too.
misimpression in their minds, it’s no wonder some people never take their
problems to their banker . . . except as a last resort.
Here, at the Second National, we want to do everything we can
to help you . . . with every service or facility we have to offer
. . . (that's why we have our Kingston office.) We want to be
just as friendly and co-operative as you will let us be.
or just visiting . . .
Swen i
come in and see us, anytime.
at
¢ ly Union Street .
MEMBER FEDERAL DEPOSIT INSURANCE CORP.
With this unfortunate
If you
Kingston Office
Wyoming Avenue
teen years he has lived in Kings- |
THE DALLAS POST
“More than a mewspaper,
a community institution”
ESTABLISHED 1889
Member Pennsylvania Newspaper
Publishers’ Association
A non-partisan liberal
progressive newspaper pub-
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Entered as second-class matter at
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Single copies, at a rate of 8c
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Drug Store, Hall's Drug Store;
Trueksville, Gregory's Store; Shaver’s
Store ;ldetown, Caves Store; Hunts-
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Editor and Publisher
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ONLY
YESTERDAY
From The Post of ten and
twenty years ago this week.
From the Issue of June 27, 1941
Selective Service men may now
register in Dallas at the new sub-
board on Mill Street instead of
at headquarters in Kingston.
Purchase of Ricketts Glen as a
State Park is near completion, with
Governor Arthur James’ signature
assured. Three years ago under the
Earle administration it almost went
through, but was sidetracked.
Dallas Borough Council has sanc-
tioned four fire plugs for the bus-
iness section; has come to an
understanding with the Lehigh
Valley Railroad that railroad
tracks shall be raised at intersec-
tion with Mill Street to provide
better access to the highway; and
is going into the matter of traffic
lights or stop signs for the main
intersections with the new high-
way.
A tank truck driven by Robert
Mathers, Trucksville, was demolish-
ed in Shavertown on Tuesday. This
makes the seventh serious accident
on this stretch of highway within
a month. :
Postoffice volume is increasing,
but not yet enough to warrant a
new building.
Claudia Jones, Trucksville, will
become the bride of Norton F.
Montross, Tunkhannock, June 30.
Bette Mae Race, Dallas, was
married Sunday afternoon to Harry
Sweppenheiser, Philadelphia.
Red Cross is sponsoring classes
in mass feeding and nutrition for
women in the Back Mountain, as
preparation for possible evacuation
from populous centers in case of in-
vasion. Classes have been held at
Shavertown Methodist Church, St.
Paul’s Lutheran, Dallas Methodist,
and Trucksville Methodist.
Miss Helen Stoeckel Is
Hostess For Bride-elect
Miss Helen Stoeckel entertained
at a variety shower last Thursday
honoring Miss Bernadine Michel,
bride-elect, at her home on Hunts-
ville road. Present were Miss Char-
lotte Michel, Mrs. Steve Sedler,
Mrs. Ned Guyette, Mrs. Steve Sto-
larick, Mrs. Tech Wilson, Miss Ther-
ese Abbott, Miss Patricia Grimalia,
the guest of honor and the hostess.
TIE
A Sofe Doposkt Bou la our Fee-ond-Thofi-Proof
Voults Protects velusbles of foes thee te 0 doy.
® Pieot Floor = Sivoo? Lovel — No Stein @
"WYOMING
NAT'L BANK or Wil KES BARRY
“tion.
ROBERT F. BACHMAN |
SAFETY VALVE
EDUCATION AND ECONOMY
Dear Editor:
Persistent attacks against the
public schools are being made by
minority groups which “for some
selfish or subversive reason do not
want the American people to be-
come too well educated,” Edward
M. Tuttle, executive secretary, Na-
tional School ‘Boards Association
told a meeting of 14,000 educators
at the convention of the American
Association of School Administra-
tors in Atlantic City last February.
The statement in black face ap-
peared in' an article in the New
York Times for February 23, 1951.
This news item, which probably
went unnoticed by too many people,
went on to report other equally
revealing statements. Dr. Henry
H. Hill, president of George Pea-
body College for Teachers, Nash-
ville, Tennessee told the con-
vention that organized propa-
ganda against public schools falls
in two major groups. The first arises
from highly organized minority
groups with very questionable mo-
tives. The second comes from con-
servative forces not consciously
against the public schools but
favoring limiting their program for
economy reasons. The latter group,
conscientious, but ill-advised, we
have always had with us. These
are the people who believe that
the only function of the school
board is to keep down the cost of
education, regardless of the effect
on the children and the commun-
ity.
Economy is of outstanding im-
portance in good administration,
but it should be used as a means
toward better education, not mere-
ly as an end in itself. It should
be remembered that a good school
board director is one whose first
concern is for the good of the
school children and who sees to
it that they get the best in educa-
Naturally this must be done
within the budget—that’s why it’s
not an easy job.
Dallas Township voters should
question the motives of any elec-
tioneering school director who
points with pride to financial sav-
ings yet fails to mention any cor-
responding advance in education.
Remember that overcrowded class-
rooms, insufficient teachers and
overburdened teachers can be
dangerous checks to community
progress, welfare and prosperity.
Low local taxes are fine, but let's
not forget that for every dollar
collected within the district in
school * taxes, two dollars is payed
in by the State of Pennsylvania
toward support of our schools. This
state subsidy also comes from the
township taxpayer and for this
reason our viewpoint should go be-
yond mere local boundaries.
The history of educational ad-
vances in the state is one of in-
creasing cooperation and better
leadership. It is well for us not
to lose sight of the statement of
the Department of Public Instruc-
tion that “it is the function of
education in Pennsylvania to pro-
vide all children, youth and adults
the educational opportunities to
prepare them for active participa-
tion in a democratic society.”
Dallas Township Citizen
Service. Club Sponsors
Friday Frolic Tonight
Harveys Lake Women’s Service
Club is holding its Friday Frolic
tonight at Sandy Beach, with danc-
ing from 9-1. Music is by Mark
McKeune an dhis orchestra.
Proceeds will be used to buy
milk for school children.
Tickets may be purchased from
Mrs. Walbridge Leinthal, honorary
chairman; Mrs. John Schappert
and Mrs. Frank Bialogowicz, co-
chairmen; from Mesdames Joseph
Rauch, William Deets, Malcom Nel-
son, Elwood Whitesell, Dean Koch-
er, John Zorzi, Jr., John Nothoff or
Elwood Davis.
The National flower of the
United States is the goldenrod.
I
§ Baroend Notes im
The last lap of a ‘horse race couldn't be more nerve wracking
than the final week before the Library Auction.
For four years
now the barn has looked as empty as a ball room at the beginning
of the last week.
Then miraculously it has filled; but not before it has driven prac-
tically everybody on the committee crazy.
Most of the truck collections have been made,
form this, year.
It is running true to
and there she yawns, ready to consume a couple of freight car loads
of stuff.
“Not as much as last year, is there?” somebody asks, and the
committee mournfully shakes its head.
“Nope.”
“Can’t expect to run this thing year after year,” another adds,
“most folks’ attics are cleaned out.”
To which I add “Baloney’’!
There’s enough good stuff in Back Mountain attics to fill a dozen
barns every year; but folks are just too lazy or downright stingy
to drag it out and send it to the Auction where it can do some good.
For five years now the Auction Committee has depended upon a very
few people to contribute a great many items for the Auction. There
are hundreds of homes that have never given a stick of furniture,
nor a piece of glass or china to the Auction; so all that talk about
cleaning the countryside to the bone is a bunch’ of baloney!
Most of the stuff has always come from a few families who have
sent in a truck load or two; not the same folks every year, to be
sure; but enough families motivated by enough public spirit to take
the time to help a worthy cause.
There are even people who have served on the Auction commit-
tees year after year, who have failed to contribute a piece of old
.
furniture to the Auction!
Sleeping arrangements at our house are unchanged!
There are still two dogs in my room every night, so actually I'm
in the doghouse; though I do sleep just across the hall from Granny
and Myra.
All this ‘sacrifice will be in vain if the neighbours fail to appre-
ciate what I'm doing to keep peace and quiet on Lehman Avenue
these warm summer evenings.
|
The smallest dog of the lot, Sandy, has the most blood curdling
yowl of all—when left in his yard at night—and Murray told me he
never liked to sleep in the house!
Brother, a nightwalker hasn't a chance to crawl across the yard
these days.
bub akin to an air raid alarm!
Let any intruder approach now and he'll set off a hub-
RED FOX BOUNTY
For red foxes killed in Pennsyl-
vania on or after June 1, the Game
Commission will pay a bounty of
$4.00 each. The $4.00 bounty is
continued on grey foxes.
For goshawks killed in Pennsyl-
vania on and after June 1, 1951,
no bounty will be paid. Very few”
goshawks now inhabit the Com-
monwealth. In fact, only 30. were
submitted for bounty during the
last year.
BROOD STOCK REDUCED
Game officers and hunters of
Pennsylvania were encouraged by
the unusual amount of small game
remaining after the 1950 hunting
season and last winter.
In recent weeks, concern has
been expressed in various parts of
the state over the considerable
effect both wild and domestic pre-
dators are having on bird and ani-
mal populations.
Highway vehicles and motorized
farm implements, the ‘“mechanical
predators”, take a tremendous toll
of wildlife annually, And small
game is not prey to foxes, weasels
and great horned owls alone. Much
of the year—in some cases all of it
—rabbits, grouse, pheasants, squir-
rels, turkeys, and other game is
taken by skunks, raccoons, opos-
sums, snakes, snapping tyrtles, and
other natural enemies not usually
considered predatory in their ha-
bits. They, too, feed on the young
and eggs of future hunting ma-
terial, if not on parent stock
itself.
Henry Wadsworth Longfellow is
the only American whose bust is
in Westminster Abbey in England.
your person.
your pay check.
The streets and stores are crowded now, so
don’t take chances by carrying too much cash on
i ® Deposit your check by mail, if you wish.
@ Make your savings deposit directly from
® Pay your bills by check.
\
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LOOK
For The Name
REALTOR
when buying or selling
real estate.
The principal interest
of a realtor is to see
that the transaction,
large or small, is com-
pleted in an intelligent,
ethical manner.
Your local realtor
D. T. SCOTT JR.
Dallas 224-R-13
D. T. SCOTT
and Sons
REALTORS
10 East Jackson Street
Wilkes-Barre, Pa.
i"
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