HoW TV* Make Your
Money Do the Most
rasur/a- hi I
Want to make the most of your
money? Professor Marshall D. Ket
chum, a contributor to the 1947 re
vised printing of the Encyclopae
dia Britannica, can tell you how to
do it. Professor of economics in the
College of Commerce at the Uni
versity of Kentucky, Lexington,
Professor Ketchum has outlined
the following investment program
for the average man, in his new
Britannica article on business in
vestments:
As an amateur investor, your
first move should be to open a
checking account. It will serve a
v double purpose, Professor Ketch
um points out, by setting aside a
cash reserve for emergencies and
providing for ease in making pay
ments by check.
Next, buy insurance, choosing
the size and kind of policy on the
basis of how many dependents you
have and how much* income you
’ want to provide for them. Even if
you have no one depending on you,
you may still wish to buy annuities
as a good means of saving and in
vesting, Professor Ketchum sug
gests in his article.
A home of your own is another
investment to be considered, the
Britannica writer points out. In
addition to comparing the costs of
home rental with the costs of home
ownership—such as repairs, main
tenance and declining value —
study your own temperament.
“Many chafe under the responsi
bility of maintaining a home in
good repair,” Professor Ketchum
writes; “others are similarly af
fected by the necessity of dealing
with a landlord.”
If you have a hobby involving
property ownership, such as stamp
(•.ollecting, woodwo-king or gar
dening, you may find it is a good
investment, but Professor Ketchum
warns that unless you have plenty
of the special knowledge required
by a hobby investment you are as
likely to lose money as to make it.
Avoid “putting all your eggs in
one basket” is Britannica’s advice
if you want to invest a small sum
but don’t know much about the sci
ence and art of investment. A wise
plan. Professor Ketchum writes, is
to .use the facilities of institutions
like savings banks, life insurance
I Businessmen;
I Vacnlienisfsf
| - x-ssr- I
ra*J
As a service to veterans in the
community, this newspaper will
oublish a weekly column of news
briefs from the Veterans Admin
si ration. For more detailed infor
mation, vetearns should contact or
write to the nearest VA contact
unit at 46 and 47 P. O. Bldg., An
chorage.
Q. What is the maximum
amount of National Service Life
Insurance a veteran may carry?
A. $10,000.
Q. What permanent plans of Na
tional Service Life Insurance are
available?
A. Term insurance, which is a
temporary plan, is the insurance
issued you in service. If you wish
to convert to a permanent type,
you may choose ordinary life, 20
payment life, 30- payment life, 20
year endowment, endowment at
age 60 or endowment at age 65.
Q. I have allowed my. NSLI
term policy to lapse. How can I
reinstate?
A. You have until August 1.
1947, to obtain easy reinstatement
by the payment of two monthly
premiums and submitting a state
ment that your health is as good
as at the time the policy lapsed.
Q. May I apply my terminal
leave bonds to my NSLI policy?
A. Yes. *
companies or savings and loan as
sociations. Not only do these or
ganizations employ specialists to
manage investment funds, but they
h^e the effect of spreading your
modest investment over a large
number of enterprises.
Before investing additional
funds, Britannicas contributor
says, determine as accurately as
possible whether business in gen
eral is heading toward prosperity
or depression. If the cycle is toward
prosperity, Professor Ketchum ex
plains, the larger proportion of
your investment funds should be
placed in common stock and low
grade senior securities. But if you
expect a business depression, buy
securities of the fixed-value type
instead.
After you have decided the di
rection of the business Icycle, you
can choose, not a company, but an
entire industry where you wish to
place your investment. “This in
volves a study of industrial trends,
of tendencies toward increasing
and decreasing rates of return in
various industries and in the sta
bility of these rates of return,” ac
cording to the new Britannica ar
1 tide.
Not until you have selected the
j kind of securities and the most
| promising, industry should you
' choose the individual company in
which you want to invest. Remem
I ber that as a rule securities pro
; ducing the highest profits are those
i running the greatest risks, the Bri
tannica cautions.
! As a parting word of advice,
Professor Ketchum’s Britannica
| article recommends that a reput
.able securities dealer always be
! commissioned to buy securities.
---
, Nugget Ads Bring Quick Results
Michigan Youth
Kills Four
LAPEER, Mich. (JP) — Prosecu- j
tor Kenneth H. Smith said today
that he will seek to prove that
four young Imlay City children
were slain because they interfered
with 16-year-old Oliver Terpen
ing’s attempt to rape one of them.
He said he will attempt to shake
the stolid farm youth’s story that
he shot his four playmates Mon
day afternoon “because* I won
dered what it would feel like to
put a bullet through a human be
ing.”
Smith said Terpening would be
asked to repeat his statement to
state police in which he was quot
ed as admitting the seemingly mo
tiveless killings. Terpening is
charged with murder.
“If he sticks to that story, he
will be taken to the scene to re
enact the crime,” the prosecutor
added.
Smith advanced the theory that
the children were killed after they
surprised Terpening in an attempt
to assault 16-year-old Barbara
Smith on the flower-picking foray
near their farm homes.
State police commissioner Don
S. Leonard said the boy also ad
mitted killing Stanley Smith, her
14-year-old brother and his best
Will Hunt For
Seals Winter Home
WASHINGTON, </P>—'The float
ing laboratory Black Douglas has
sailed from Seattle with a crew of
15 in an attempt to find out wnere
fur bearing seals spend the win
ter.
The fish and wildlife service
said yesterday the motor ship will
tag along after the migratory fur
seal herds of the North Pacific for
the next 11 months.
The vessel will attempt to solve
mysteries which have intrigued
marine biologists for many years
—where the seals go when they
leave their breeding ground
north of the Aleutians, what f >o 1
they eat, and whether other ma
rine mammals prey upon the
young seals.
The North Pacific fur seals are
found on land only at the Pribilof
Islands, in the Bering Sea west of
Alaska.
The seal herd has increased un
der international protection from
132,279 in 1910 to 3,386,000 in
1946. Its current estimated value
is more than $100,000,000.
I
chum, and her sisters Gladys. 12.
and Janet, 2.
EFFICIENCY EXPERTS
SALT LAKE CITY, </P) — For
ihree months two efficiency ex
perts have been surveying govern
ment operations in Salt Lake
county. The authorized period is
ended and the survey is still in
complete.
So Robert S. Herman, whose
alary has been $350 monthly, and
Tom Metos, who has been receiv
ing $300 monthly, wrote the coun
ty commission, urging that the
survey be completed, but adding;
“We recognize the necessity for
cutting expenses. We offer our
services for the remainder of the
survey on the basis of what time
we have available for $1.”
The County commission accept
ed..
CHAS. PENNYCOOKS
LEAVE FOR SCOTLAND
The many friends of Mr. and
Mrs. Chas. Pennycook gave them
a send-off last Monday on their
departure for Scotland. They plan
to visit in Montreal enroute.
MRS. C, DEMPSEY
LEAVES FOR CASA DE PAGA
Mrs. C. Dempsey arrived Mon
day evening to join her husband
who is operating in the Casa de
Paga area this year.
Fixed Price SALE of
Clothing & Equipage
To be Offered Concurrently to All Priority Claimants, except Fed
eral Agencies, and to Non-Priority Purchasers
June 6 thru June 20, 1947
,-- At FAIRBANKS -
Boots—10 Lots
Socks—1 Lot
Flying Suits—5 Lots
Lined Trousers—1 Lot
Flying Helmets—1 Lot
Flying Trousers—1 Lot
Field Jackets—1 Lot
Mechanics’ Caps—1 Lot
WAC’s Caps—1 Lot
Rain Hats—1 Lot
Rubber Coats—1 Lot
Raincoats—1 Lot
Mattresses (used)—1 Lot
Wool Blankets—1 Lot
Bed Sheets—1 Lot
Bedding Rolls—1 Lot
Sleeping Bag
Liners—1 Lot
,-At ANCHORAGE-,
| Boots and Shoes—9 Lots
Boots—12 Lots
Flying Shoes—5 Lots
Flying Jackets—22 Lots
Flying Troupers—22 Lots
Flying Suits—10 Lots
Flying Helmets—8 Lots
Earpieces for Flying
Helmets—1 Lot
Mechanics’ Caps—3 Lots
Flying Gloves—5 Lots
Conie Fur Gauntlets—2 Lots
Welders’ Gauntlets—1 Lot
Mechanics’ Aprons—1 Lot
Goggle Assemblies—1 Lot
This property has been previously offered to Federal Agencies who
may buy at this time but without benefit of priority.
HOW TO BUY
All orders are to be addressed to: War Assets Administration,
Region No, 37. Box 2466, Anchorage, Alaska.
Orders received by 5:00 p.m. June 20 will be filled in the following sequence: »1) Cer
tified Veterans of World War II; (2) Federal Works Agency ^buying under Public Law
697); (3) Territorial and Local Governments; (4) Eligible Non-Profit Institutions; <5>
Non-Priority Purchasers. A deposit of 10% (ten per cent) should accompany each or
der. Veterans’ certifications must accompany their orders. Non-Priority claimants’ or
ders will be filled from residual stocks.
DETAILED SALES LISTS AVAILABLE AT:
Anchorage W.A.A. Office
Box 2466. Phone: Main 766
Army Recreational Hall
2nd St. between C and D Sts.
Fairbanks W.A.A. Office
Box 1029. Phone: East 185B
Old Engineer Bldg, on
Garden Island
\
Box 2538. Phone: 836
Area Engineer Bldg.
Juneau W.A.A. Office
i