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Show I J t ., i . The Piper Thit Dares To Take A Stand KERSHNER-ROW- Howard Kershner WHO OWNS MOTORS? paid to employees in wages and benefits. The total remuneration of these gifted men was just $2.30 for each car and truck completed in 1971 surely a small fee for so much skill. The stockholders and the people who buy cars are to be congratulated on their Bargain. These men must have the skill and experience to gather raw materials from around the owrld, to handle enormous sums of money intelligently, to develop the great variety of products made by General Motors, to organize selling campaigns, to carry on a vast volume of very appealing advertising, to solve the complex of administration, problems accounting, voluminous detailed reporting, to - create necessary reserves, engage in extensive research- - to modernize their and to comply with the product infinite number of regulations which at times threaten to strangle the operation. If we did not have such large aggregations of capital and skillful men to organize and streamline if automobiles had production to be made in medium sized shops. COMMENTARY E GENERAL One might say that our government owns it, for it is the biggest participant in its earnings. For every dollar General Motors paid to its stockholders in 1971, it paid $2.60 in taxes. Total taxes paid by General Motors in 1971 amounted to $2,560,000,000 or $8.95 for each common share. Since goverhnient gets more' than 2'4 times as much as the owners of General Motors, it seems Edward Rowe fair to say that government is the major partner in the giant company. As compared with 1965, General Motors sales rose 7 percent in 1972. same period to suppliers for materials payments the During and services rose 50 percent. Payroll costs during the same period rose 59 percent while net income rose only two percent. Those who think that the top officials of our large corporations get the lion's share of the earnings, should be reminded that in 1971 the 62 directors and officers. of General Motors received only of one percent of the amount two-tent- hs i 1 21 Jday i BRITISH ISLES Deluxe bus tour August 24 departure Personally escorted " They're a sampling from recent issues. They show how you'll benefit from reading the Fore caster right now. Gold bullion, circulated and uncirculated gold Double which is the best Eagles hedge. n Where to buy real estate and where not to. 3 types of mortgages to avoid. For information the long-terWhy you should have definite goals and how to set for and brochure call or write attainable ones. How to speculate in closed properties. MURDOCK TRAVEL 4 S. Main Street fore- Which group of "energy crisis" stocks you should avoid. Salt Lake City, Utah (801) 521-7850 p 7 reasons' not to buy silver bullion bars outright. p How to speculate in guns and why. How to get the best buys. When to do it 2 mistakes to avoid. p Model portfolio of Proof Sets. City p Warning: Counterfeits are d common of this silver dollar. g p 2 types of real estate to avoid. p Silver coins and silver mining stocks which is the best hedge against monetary State high-price- income-producin- crises? Should you use I THUMB ESPECIALLY FOH YOU I margin? p A legal alternative for gold? There's another precious metal in a good "buy" range. p How young men and women can build good relationships with bankers. p 2 commitments doomed to be disasters in a recession or inflation. p How much money should you have before speculating in real estate? (Most inves- OCtIDQE)!! tors are surprised at the answer) tfiteQia AUJOMOBa lPERsonaTproper tm si i$i pMlIlpli Itflt mO!JD BHBI EASTER CANDIES Telephone C Kay Cummings 9A.M. TO 6:30 P.M. DAILY p 2 model portfolios of gold coins. p 17 tips for negotiating more profitable contracts. 8 excellent hedges against p inflation and depression. (801)487-103- 1 fine candies 1959 So 1100 E. CLOSED SUNDAY ' Has saved me . . . about $10,000!" you can easily avoid. 24 sleeper" coins well suited Address For the ultimate in Easter Candies Come In and See Our Wonderful Array, of should be reading the Forecaster right now reasons why you and brochure call Name CHOCOLATES! the ultimate in fine... "Your suggestion... The simple rule that helps you avoid 90 of the dangerous investments offered. A special situation in Scotch and 3 mistakes whiskey Please send me your Brochure. -- 21 money making Mrs. by Franklin J. Murdock For information "BIM itolSEPENDENT Page II April 19, 1973 The UTAH without assembly lines and modern techniques, they would cost many times current price levels. Every now and then a The skill of the men who manage mans mind is stretched by a our great industries is the principal new idea or sensation, and reason for the high level of living never shrinks back to its that has been achieved in our former dimensions. After country. They deserve thanks and looking at the Alps I felt encouragement rather than abuse. Howard E. Kershner that my mind had been stretched beyond the limits Howard E. Kershner of elasticity, and fitted so from Voice Of Reprinted loosely on my old ideas of Mar. 22, Experience & Column space that 1 had to spread 1973 those to fit it. Oliver Wendell Holmes , writes R. H. from Wisconsin "A fantastically good newsletter." S.S., Ohio "Your formula . . . netted me a 350 profit." E.C, Texas "I have nude lots of money through your writing." D.B., Montana x a . "My experiences in Forecaster advised purchases so far have been most lucrative." B.J., Kansas "We bought for $20,000 in Feb. 1972. We put $5,000 down. We're in the process of selling it for $28,350." . P.R., Ohio "Over many years I have subscribed to many financial services, but I want to tell you that I found none of them to compare with your wisdom and accuracy." . A.M.M., Georgia The Forecaster advises you of both commonplace and special situations in almost all. fields including: precious metals, gold and silver coins, real estate, Scotch whiskey, Forecaster clients made quite a killing when they ordered 1970 Mint Sets according to our instructions. Each $250 guns, diamonds, cars, and currency. Moreover, to help you take profits and avoid dangerous situations we give purchase became $975 a 297 profit in 6 months. unhedged "sell" and "keep out" recommendations. We warned that a major downturn was imminent in silver just 6 weeks before silver futures contracts plummeted 401 per ounce. Moreover, we correctly predicted a major upturn in silver, and Forecaster clients who bought silver on 10 margin, made 590 profits in 2 months. Each issue of the Forecaster is of facts, common But even that's not as good as the profits gained by our sense and unhedged advice. clients who shorted the British pound when we advised Here are more actual, unsolicited comments from peothem to. They made a 714 profit in 58 days. And when ple who paid their hard earned money for the Forecaster. we advised buying the German mark, Japanese yen and Their letters are all on file in our office. told how to do it Forecaster clients Swiss franc--an- d who acted on our advice made 280 to 400 "The Forecaster has given me the tools to increase my profits before the year was out. Following are more examples of net worth from hundreds to thousands of dollars." Forecaster advised commitments: B.N., Ohio "Full of helpful information.'' A.S., Illinois it 60 to 200 profits in proof sets in a few months. it In August 1969, we called the exact "peaking out" of "Having tried several types of services, I rate yours No. 1, because of your definitely the business cycle. Early in 1971, we accurately preeverydicted an economic upturn. thing." H.C., Colorado 1 "After only two issues, I am a Forecaster booster." it 120 profit on gold Double Eagles. 155 profit on . British Gold Sovereigns. D.H., Illinois 291 "Am very happy with your publication." J.F., Massaprofits on commemorative half dollars. chusetts it We predicted, beforehand, the devaluation of the dollar "I really enjoy your reports." D.S., Washington and hit the new price of gold within 501 per ounce. 200 to 500 "Keep up the great work . . . Rational advice on precious profits in real estate. metals is not only a matter of financial survival It is it 47 profits in platinum in 9 months. also a matter of human liberty." J.B., Louisiana "We did jump up and down and "Excellent work." L.B., West Africa beg, literally beg, folks to buy bags "I have derived great profit from reading your Foreof brilliant uncirculated Morgan caster. R.D., Ohio Silver Dollars when they were California M.S., "Very helpful." only $1300 to $1500 per bag. Since "You have an extraordinary talent In addition to your they are $4200 minimum today, publication I read George Schaefer, Harry Schultz, Harry those folks who took our suggesBrowne, Powell Monetary Analyst, Jerome Smith and are doing well." tions Austin Kiplinger however, your solutions normally are the most practical and feasible." B.J., Virginia "The Forecaster is the greatest" N.H., Florida ;ohn kamin, Editor, the Forecaster. "Truly, there is no better informing publication than yours." T.H., Oklahoma The Forecaster "I like your letter with its straightforward advice re: the 19623 Ventura Boulevard, Tarzana, California 91356 gold and silver markets and international monetary situMONEY BACK GUARANTEE. Get your ation." J.K., New York Trial Subscription to the Forecaster lor only California "Outstanding." D.M., "You and F. Pick have a very large following. Through $24. If, within 30 days, you are not convinced the Forecaster will make or save you at least 5 times the your advice this following will be the people who will have the real capital to pull our country out of the worst cost of your subscription, you may cancel it for a full aid prompt refund. depression of recorded history." C.C.,' Alabama satisfied." Texas G.B., "Very I year subscription 44 issues only $75. (Save "The best I have ever read." V.B., Tennessee $21 from the price) "I enjoy each issue because I like a guy who calls 'em Trial Subscription 11 issues only like he sees 'em." J.F., Pennsylvania $24. "I surely wish that someone had told me about your, is enclosed. My check or money order for $ letter long ago." G.R., New Mexico "Thank you for all of the good work!" M.P., California "Tremendous." H.W., Ohio name "Very impressed." W.K., North Carolina "I eagerly look forward to each issue." R.S., PennsylADDRESS vania "Fine advice." N.K.; Louisiana CITY STATE ZIP "Fantastic fantastic." A.C., New York "Never had the South African gold stock dividend situCheck this box if you are responding within 1 ation explained before." D.H., California week. As our 'Thank you" for your prompt "Although I am not in a high financial bracket, I have response, we will extend your subscription for 2 benefited from your articles. They have given me an ui i extra issues, with no charge. abundance of insight" L.T., Massachusetts profit in 6 months! 297 And listen to this pin-pointi- - : ' -- irjf i.1 '!l i!Bi BUf1 HE 1 J |