The Baytown Sun (Baytown, Tex.), Vol. 55, No. 263, Ed. 1 Monday, August 15, 1977 Page: 4 of 18
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—
Stock Investment Profit
Features
Opinions
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three amateur member) of the the mark*.'' flL
National Association of In* Three basic premiles were
vestment Ctob*' adviaory coin. used by the five contestants, #.60 and 813.
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readKfd and the cbaUeneer company is carefully chosen for who frequently outj
not'tarfcc so well relative- *D characteristics of growth it averages, the mutua
Iv He was in fourth con^ntte *° $row ** a 1°°8 other professional in
t^ace with a gain of only 787 period of time, the selection of here to three under
oer cent . stocks was restricted to com- ^managing their pi
During this time the Dow Paniesthat M aPP««d “ Invest regui
indurtrial averaae rose______NAICs magazine, ‘Better In- month without tryir
481 per cent, tot the leader in dunng the past 25 the ups and downs,
the race showed a gain of 183.2 . . . 2 ^vest divider
oer cent the other increases **» month «* investment 3 Try to select
Sere*139.8 per cent, 118 per comrmt^chocas^orie stock growing at a rate I
cent and 70 2 * «for study by it s 5,600 membe? particular irid
Of the 50 common stocks dm- c,ubs< *° ** «>nt«stants ^ which have a reeoi
sen by the five ' committee \bouf 300 stocto hm whith to -preferably 10 years
members, only five declined,* choose. so.
four of them being in the drug 2. "No fear was felt for inter- With advice being
industry. The three leading port- est rate change during the thing free in the m
folios showed no losses it all. five-year period since it was as- records such as these
sumed the Federal Reserve themselves and perh;
was managing interest rate why the size of i
T* it In for the total benefit of the coun- clubs has been growii
l OCmy I'I try and that they would work Membership in thi
out to the market's advantage available to clubs an
Uiotnry in the five-year period.” viduals, the latter at
niOlSJI y 3. "It was felt that the indi- nual fee, by writing t
vidual investor would tend to al Association of I
Today is Monday, Aug. 15, select iron-institutional types of Clubs, 1515 East El
the 227th day of 1977. There are stocks in this period and that Road, Royal Oak, Mic
138 days left in the year.
Today's highlight in history:
On this date in 1914, the Pan-
ama Canal was officially
opened to traffic.
On this date:
In 1769, Napoleon Bonaparte
was born on the Island of Cor-
sica.
In 1935, humorist Will Rogers
and aviator Wiley Post were
killed in the crash of their air-
, iptem of fatalfait aod outing ti* guilty
m m
* “ * wv*rff auiica, iviiiiu uiat
tufflow te “pate aad wf^^ csiii ^ hive beta to
talk ktftlatora Into letting them «tw for damages in «Jdi-
.„ liw^atn»6no-fMhplin,»ttchsuiU>reforbiddCTex-
wptutiHi ttemmit kilkd. (tummtanirn^
Mnarietfijr ««d senously injured '. .
A national no fauK law would tfiscounge dubious law:
into bemfits
¥***** ^^minaU«ig the high coslfrf going to court
Easing Cost Burden
Should {amities bo given a fix credit lor Minting their
children to coflege? President Carter is against it. His tax
experts are against .it. Equity *wT eornmnn tense are
yfaw* jj got |pim> maim of Congress won’t take no
i. k. • w
Higher gltSSl it cxpnuive. Tuition aloof rum over
$4,000 a year in some private universities. Private medical
sehods often change more than $5,000 a year.
ffjtff ppatitting punats to ctpim a ffl» rredlt for a portion
ni rtfic foitege tuition fitiild he > fatnn
ende;
for ;
play
appes
Jin
tant ii
a trie
top S(
Osi
playe
heart1
and s
every
poor 1
That 1
tim 0
East.’
Jim
two i
arouni
quer.
hearts
that il
spades
dead
any tl
finessi
Osw
he cou
spades
and m
jack v
Thenh
from d
Jim:
did not
up wi
against
Then h
the kin
contrai
points
declar
finesse
trick.”
Lawrence E. Lamb, M-D.
"Hello! Hello! Who is this?"
Washington Report
AID Boss Is Criticized
For U.S. Aid Remarks
their own way. And it would tike
' out of the federal treasury at a time when
is already are far too large,
and most effective approach is to make sure
who need help have access to scholarships,
xms, work-study programs and low-cost com*
states of India andPakistan
were created, raiding two cen-
turies of British rule.
In 1948, the independent Re-
public of Korea was pro-
claimed.
In 1961, East German work-
ers began to build the Berlin
Wall.
Ten years ago: The rain-
swollen Chena River flooded
[ From Sun Files - -
$ teeiw | onni ip Horo
1/ 11 „
From The Baytown Sun file*. noid at Cborw. M
tM.iMht«*it*»40a»d»
By JACK ANDERSON you were misrepresenting the
Aad LES WHITTEN program over which you were in
ASHINGTON - Just about charge " He demanded to know
where and when have we
bought Rolls-Royces under the
AID program’ Where and when
have we bought bowling alleys to
keep the rulers happy?"
The congressman accused Gil-
ligan of trying to "lead the pack
in denouncing” his own foreign
.assistance program.
THE AID director responded
that he had been “speaking in
the past tense," that he had been
"attempting to make the point
that numerous Americans be-
lieve” aid funds have been mis-
used and that, in fact, aid money
had been used to buy a helicop-
ter for Egyptian President An-
war Sadat, to construct a luxury
hotel in the Dominican Repub-
lic and to bolster dictatorships.
But Gilligan insisted he mere-
ly wanted ‘to get across the
message that the new adminis-
trator of AID was aware of these
and other criticisms and in- -
But the focus has changed in
recent years; AID projects are
now designed to help the world’s
impoverished people increase
their agricultural productivity.
•‘Rural development.” has be-
come the watchword.
Most of the programs look im-
pressive enough on paper; the
results are often less impres-
sive. AID officiatfnd them-
selves entangled in endless red
tape. They forever fill out forms
and file reports to Washington
until they have time for little
else. It can be even more frus-
trating to process new projects
through the poorly organized,
oftencorrupt Third World bu-
reaucracies.
need bat received substantial aid
from the l!S
Now the official in charge of
dispensing the aid, John Gilli-
gan, has been quoted in the pa-
per* is saying our tax money fin
gone for ‘ Rolls-Royces and
fighter planes and bowling al-
leys to keep the rulers happy."
TW* is nisti^ a rumpus in the
backrooms of Washington, Gilli-
gan, director of the Agency for
International Development
(AID), has been accused of
spouting off "half-baked, out-
dated cliches,” of taking ”a se-
be&eves it must be aomeone's he* of cheap shots ” of undef-
pet. mmmg his own agency Dis-
Texas Highway Department is maw) subordinates have been
to start Highway 146 con- heard to suggest he should be
structionfiom^.R^ubltoto banished to Gifflcn's Island
the north city Unfits. Total cost The whole hubub can be sum-
will be aboui JTflJOO, With the JmTs confidential ex-
rity Vshare tagged-at 8203,200 change of letters between an i»
Aini- Lattise Sawbuiger, dignant congressman and the
daughter of Mr. and Mn. E. J. 'outspoken Giffigan. Rep. Ste-
Sawburger, wins Dw Bayiown phen Stdarx. D-N.Y.. a cham- ____
Sun-Brunson Theater, coloring pton of the unpopular aid pro- as Congress has directed.” -
contest. gram, wrote angrily: “I can only We have kept a close watch on
BaytownUttte Uqpte All say I was shocked and dismayed thedistfibutionofaidforaquar-
Stars. reached by Hap Marshall, at the content of your sure ter century. The program began
Idle the atatef playoff gune ments as reported in the news- from the best motives; the
(ftingsyousaidare ;' 'iffinSffgrttoeS
but the South of the Border boys, true and your sUff has been run- going again. But all too often,
had to put up one Idgfight. In all nmg a woeful^ mismanaged Unde Sam ofteed handouts to
other ptay-offgames. Mootemy prograrr,” Solars said, "or die hands that were only too qutek.
large areas of Fairbanks.
Alaska.
Sevei
should
quirem
bid as
hand'bi
We tl
ding et
require
bid are
tion whi
vulnera
One year ago: It was an-
nounced that 10,000 refugees
from Indochina would be
brought to the U.S.
Today's birthdays: Britain!s
Princess Anne is 27 years old.
Cooking expert Julia Child is
65.
Thought for today: Many
people get a reputation for
being energetic when they’re
merely nervous - anonymous.
SPjWMren aw Bayou aw eounaekw at the
ran Mr motto who camp Mrs W C Jackson and
I to throw them from a Mrs. J. Q McGiffin aw assistant
■aSrr'B* -“5>.u.«
tav Altai and C B Ar- A bil black crow Uka up
%3frtSl Z residence at the Walter Rundetl
toenineene wirdof the
jail in Houston
Jacinto Creamery
J Warte
Berry’s World
1 Christrn
- decorat
4 Telesco
9 Frigid
12 Mototin
associa:
13 gongliki
<14 Exclamt
15 Thousai
16 Italian
volcano
17 Long fis
18 Wish m
20 Brier
22 Same (p
2<£itt*tiii
group (a
25 I posses
(contr.)
28 Level
30 Seclude'
valley
34 ____
Hammar
35 Cloy
36 Immoral
37 Story
fabricate
39 Feast in
Hawaii
41 Unfortun
42 Inner (pn
Bible Verse
HAVING THEREFDRE breth-
ren. boldness to enter into the
hottest by the Wood of Jesus. He-
brews 10:19
irSMSSttf!
file Paptoton ^un
Readers’
Views
Dior Bditer:
Hk parking let at Bay Pin
ahapptog Motor la p«rt new
that it has beet repaired. I thtok
everyone to Btiytown Mi
shop at Bpy Pin Ike
Leon Brown...............................................Editor and Publisher
John Wadley,..................................................General Manager
Fred Homberger.....................................Assistant to Publisher
Fred Hartman....................... Editor and Pubiishar, 19SM474
(Chairman of Board Soufhant Newspapers, Inc.)
EDITORIAL DEPARTMENT
Preston Pendergrass........................................Executive Editor
Jim Flnity......... ...........................................Managing Editor
Wanda Orton.,....... ......- Asaoclato Managing Editor
• t*my«*.nc
'...and whto I’m at it-han't to famr govern-
ment regulations."
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Brown, Leon. The Baytown Sun (Baytown, Tex.), Vol. 55, No. 263, Ed. 1 Monday, August 15, 1977, newspaper, August 15, 1977; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1074772/m1/4/: accessed June 29, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Sterling Municipal Library.