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Show o J DESERET NEWS, 4 jj dj ngpunHiiiianywtimc inrrgiirinirrti)r- minmitti nriH'ii ijiii Wednesday, October 18, 1972 In San Juan County Welfare Proves Touchy Subject K tfnyai'yinQli iiii iii iW"iihii BLANDING, Sun Juan Couu-tWith about 35 percent of the population of this rural county on public welfare, it's difficult to find too many peo- pie who are on middle ground when the subject pops op. the number has probably stabilized, although computer printout information on succeeding months has not been y made available to the Region VIII to office, according Rruco Shumway, social services director. There are those who feel about helping the strongly poor, while still many others are firmly opposed to the program as presently structured. An indication toward a more conservative trend in the county may be seen in the fact that in the last fiu general elections and congressional residents have voted Republi can ny a fairly decisive margin I here were 3.406 persons on welfare during April, with that number decreasing by about 50 by Since then The situation has people in the concerned, community including social welfare workers, businessmen, school perthe sonnel, housewives s. tax-pav- If we were cut off from welfare, this town would close down, said a local service station operator who labeled himself as both a conservative and an independent voter who is concerned with helping those ready in need. The businessman, who has lived in Blanding more than 30 years, said he sendees many trucks and other vehicles which are a year or less old at Ins station. Many have 60,00u on to miles 70,000 speedometer, he said. the cussing the welfare situation in Blanding and San Juan County with the station operator, about eight or nine government vehicles passed the a 30- - to station during The sendee station operator noted that a lot of people are coming into Blanding from out of state and having license plates installed and inspections made on their vehicles. They belong to the Indian people, and thats where they live. He noted that business used to be better in some respects before there was a lot of welfare. period. Is this so they can get help in a welfare check? he was asked. In all these agencies, there are four or five departments, he said. I dont know, and I'm not sure if they are residents or not but they appear to be strangers, he said. I had more business from the Indians six to eight years ago than I do now', he said, noting that many are frequently traveling out of the county. While this The economy of our city and county is dependant on the Indian, and it will become even more so in the future, reporter was dis the man predicted. There is a tremendous drinking problem among the but they he said, Indians. also have many other problems. There is a great language barrier between the Indians and other residents of the county. It might be that the Indians are entitled to help. They are stuck back on the reservation and expected to exist. I don't begrudge the Indians welfare, but it seems we have gone overboard to get everybody possible on welfare. It seems to me that the Indian ought to have some kind of labor so that he felt he was earning at least part of his paycheck, he said. businessman The then retreated somewhat from his earlier statements. I'm not as as you might think. Who knows, maybe welfare is the best way to help them, he concluded. anti-India- n j Campaign Fund Cup Overflows i j Gov. Calvin L. Rampt.vn found himself in the happy pn sition Tuesday of having re ceived more contributions for Ins campaign expenses the law spend will allow Hum to him Ills report, filed Monday afternoon with Stale Auditor Sherman .1 Preen, showed receipts of $107,553 or $2,300 more than the $105,253 which lie will be allowed to spend. you know how to Dowork like ,0U0? $1 Do you know how to inv est in big real estate projects without having big money? Do you know how to get 7 percent on your money with payment of interest and principal guaranteed by the Federal Government? If not, youve got plenty of company. So much has happened in the world of investments lately that many investors have a hard time keeping up. This list ought to help. It'll tell you a little about nearly every kind of investment. A Merrill Lynch Account Executive can tell you a lot more. Check off the ways that interest you. Then see our offer at the end of the list for details. ' j ' When asked what he would Hampton replied that he would return it to the contributors. i do with the excess, I haven't decided whether to return the last contributions or to spread the refund back over all contributors, he said. i He reported that more than $400 in contributions arrived by mail Monday. i Nicholas L. Strike, Republi- can candidate for governor, said his contributions last week totaled $13,005, for a ; grand total of $62,237. last Strikes expenditures week were $10,674 for a total of $56,038. His largest contributor last week was Small Busi- - ' i j Ramptons expenditures last week were shown at $9,196 for a total of $44,948 to date. j : He will speak at one of the periodic meetings of the BYl' College of Business Advisory Council. This group is helping uU build bridges between BYl, and the business community, said Prof. W'eddon J. Taylor, dean of the college. Their recommendations in. recent years have resulted in' vast change in our training of c business students. . ; . tie said. 1. Common stocks (listed): Stocks offer the most direct way to share in the fortunes of major American companies. For example, take the companies in the S&P 500. In the last 10 years, the price of their stocks went up a hefty 85 percent-wh- ile dividends rose 49 percent. Of course, past history is not necessarily a guide to the future. But we recommend listed stocks more often than any other kind of investment. Long term, they're tough to beat. m Y. Business nam. hedge against inflation. 2. Long-tergrowth funds: Diversification and professional management for a fee. When you buy one of the of $1,000 or Contributors more last week to Ramptons campaign were Anthony G. Hatsis, $1,000; Don C. Harris, $1,000; Louis J. Carotenuto (on a New York bank), $2,000; and Scott M. Matheson, $1,000. Speaking at PROVO(lPI) confer- a businessman-studen- t ence at Brigham Young University Friday will be Russ Perot, a Dallas multimillionaire who gained note with his efforts to free American prisoners of war in North Viet-- ; How to ; nessmen for Effective Govern- inent, which gave a $10,000 check, on a Salt Lake City bank, signed bv John II. Gas- kell. Council To Hear Perot make $100 12 growth funds offered by Merrill Lynch, you get something extra. Our Security Analysts keep an eye on what the funds are doing and issue periodic reports. 3. Convertible bonds: Convertible into the common stock of the company that issued the bond. They offer a way to earn a decent rate of interest, plus a chance for growth in capital. But you'll need your thinking cap. Convertibles are hard to understand. 4. Convertible preferred stocks: Convertible into the common stock of the company that issued the preferred. They re often bought for the same reasons as convertible bonds. How or to get tax-fre- e income. tax-shelter- ed S. Municipal bonds: Issued by states, cities, and towns. Their the interest they pay is free from Federal income taxes. So the net return can get very attractive. If your joint taxable income is $30,000. for example, a 51 i percent return on municipals is like getting 9 percent on a taxable investment. notes: Similar to mu6. Tax-fre- e nicipal bonds, except that notes pay the face amount in less than a year. Some ine vestors in high tax brackets use tax-fre- Taylor said the purpose of the advisory council is to look at the college in die light of current business trends, and "advise on improvements and innovations for the training of outstanding business leaders.'' notes as a way to keep their money ing between major commitments. work- 7. Municipal bond funds: With as little as S ,000, you can invest in a portfolio of many different municipal bonds, each chosen by professionals. The income is exempt from Federal income taxes. 8. Deep discount bonds: Sell for a lot less than the face amount because they were issued when interest rates were lower. The tax advantage: When you collect the face amount (usually $1,000), your profit is taxed as a capital gain, not as ordinary income. 9. Retirement programs Doctors, lawyers, and other people can get many of the retirement income benefits of people who work for big corporations. The tax advantage: Within limits, you dont have to pay Federal taxes on the money you put into your plan until you retire. 1 10. Flower bonds: U.S. Govern- ment bonds with a special feature. You buy them at a discount. But the Federal Government will accept them at full value iii payment of Federal estate taxes (which is why they're called flower bonds). 11. investment Tax-shelter- programs: A way to buy an interest in a limited partnership that invests in businesses like oil, gas and cattle feeding. The tax advantage: Accounting for depreciation and other factors will probably in the early years. lead to tax write-off- s Youll need a substantial amount in net assets to join and you should check with your tax consultant. How to boost your retirement income without going out on a limb. High-grad- modest growth. Some of our balanced funds olfer a plan- -a very nice way to supplement Social Security. check-a-mon- th 16. Writing options: A way to increase the current income of a stock portfolio without sacrificing quality. You sell the right (an option) to buy your stock to other investors. Sometimes, the price you get is high enough to equal several worth of dividends. years How to earn 3 to 17. U.S. Treasury Bills: Mature in up to a year. Have paid from 3.0 to over 5.8 percent in 1972. Note: If you have to put up collateral for something, you can often do it with Treasury Bills, instead of with cash. Minimum investment: $10,000. O 18. U.S. Treasury Notes: Mature in up to 7 years, have paid from 4 to over 6.5 percent in 1972, depending on the lifespan of the Note. Like all Federal obligations, Treasury Notes are guaranteed by the U.S. Government. Minimum investment: $1,000. 19. U.S. Treasury Bonds: Mature in up to 26 years, have paid better than 6.7 percent in 1972. Minimum investment: $1,000. (These are r.ot the Savings Bonds most people arc familiar with.) 20. U.S. Government Agency securities: Not issued by the Federal Government but some have the Government guarantee. Yields now run from 4 to better than 7 percent, depending on the specific security and maturity date. Kow to try for maximum growth 21. Common stocks s: blue-chip- s, chance for big profits (or equally big losses). At Merrill Lynch, we make a market in over 600 leading OTC stocks. O 22. Selling short: A. w ay you could make money on a stock that's going down. You borrow' the stock from us (on margin) and sell it at the current market price. Then, if the price goes down, you buy the stock and cover" your sale. Some people make a lot of money this way, but it's a risky business. 23. Buying options: Often called 1 puts and calls, options offer a way to make $100 work like $1,000. But watch out. Leverage works both ways. 24. Commodity futures: The opportunities for profit are enormous. So are the risks. But if you have a substantial amount in risk capital, $50,000 in liquid Merrill Lynch is bullish on America. The property, owned by Elmer Major, is located at 1600 W. 1000 Nortn in the unincorporated area of Davis County. 'With Regret' Calvin L. ): Some OTC stocks are as solid as but a lot of them tend to have wide price swings. Which means a LAYTON A public hearing has been scheduled by Layton City for Cel. 26 at 8 p.m. on the proposed annexation of 536 acres of land to tne city. Gov. with maximum safety. Hearing Called On Annexation Merrill Lynch, Pierce, Fenner & Smith Inc SALT LAKE CITY : Konnerntt Bide Utah 84111 f80D 328-4f.132 S. Main St., Utah 84101 (801) 328-8411ItOVO: 43 N. University Ave., Utah &1U01 (SOI) Rampton Tuesday refused with regret White House Invitation attend the signing of the Sharing Bill Friday. 7 (if you can stand the risks). 12. Ginnie Mae A way to get better than 7 percent on your money with payment of principal and interest guaranteed by the Federal Government. Special feature: Ginnie Mac's return part of the principal with the interest every month. Minimum investment: $25,000. 13. Corporate bonds: A way to collect 7 to 8 percent interest from major corporations. For many retired people, that would mean a significant jump in ine vestment income. corporate bonds are generally considered safer than the common stock of the same company. 14. Corporate bond funds: With as little as $ ,000. you can invest in a portfolio of many different corporate bonds. Professional managers choose the bonds, arrange for safekeeping, and collect the interest. You receive your pro rata share of the interest every month. be15. Balanced funds: cause your money goes into both stocks pass-through- and bonds. The objective is income plus a to 1 T 373-023- we can assets, and plenty of show you a businesslike approach to comself-contr- modity speculation. How to earn 7 to 10 percent on your money right now. 25. Real estate investment trusts: A way to invest in big real estate projects -- without having big money. Many real estate trusts cost less than $50 a share. Dividend yield can run as high as 10 percent, but picking the good trusts takes a sharp eye for quality. 26. Preferred stocks: Unlike common stocks, preferred stocks have a fixed e dividend rate. Many preferreds currently pay 7 to 8 percent. high-grad- How to invest as little as $40 in Big Board stocks. 27. Special Investor Accounts: A way to buy stock by the dollar's worth instead of by the share. You pick a Newr York Stock Exchange stock from a list approved by our Research Department -then buy as little as $40 worth whenever you wish. You can invest by mail or through your Merrill Lynch Account Executive. Your dividends can be reinvested automatically. to get professionals to invest for you. How 28. Investment counseling: Lionel D. Edie & Company, Inc., a Merrill Lynch subsidiary, invests substantial sums for a fee. The minimum portfolio is $500,000. 29. Portfolio Development Pro- grams: Offered by Lionel D. Edie & Company for accounts from $25,000 and up. You state your in' estment objective, they'll develop a portfolio to match. Then they'll keep tabs on your progress and do aU the buying and selling. Maximum annual fee is one percent of the amount invested. How to get our opinion-fr- ee. that you know whats available, maybe youd like to get our opinion on how you should invest. If so, heres what Now- we suggest. Use this ad as a convenient checklist. Then send us a letter that includes the ways youve picked out, your investment objectives, income tax bracket, and a list of your current holdings. Please also tell us if you expect a major change in your financial status in the near future. Mail to the Merrill Lynch office below most convenient to you. Well get back to you with specific recommendations. No charge or obligation. i imijni 1 'W |