Sep 1978 - On-Line Newspaper Archives of Ocean City
Sep 1978 - On-Line Newspaper Archives of Ocean City
Sep 1978 - On-Line Newspaper Archives of Ocean City
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PAGE 6 — SECTION TWO OCEAN CITY (N.J.) SENTINEL-LEDGER FRIDAY, SEPTEMBER 22,<strong>1978</strong><br />
'Invest' sounds riskier than 'save<br />
L<br />
Mutual funds touted as 4 an attractive vehicle for investing'<br />
Most people realize they must Company, sponsor <strong>of</strong> six investment goals are similar, market, individual companies<br />
"do something" with their mutual funds with assets in and in turn invests this money and the state <strong>of</strong> the economy.<br />
money in order to beat in- excess <strong>of</strong> $600 million, says that in a wide variety <strong>of</strong> securities. Price movements, earnings,<br />
flation. Yet the term "invest" too few people fully understand Ihe selection, purchase and management developments,<br />
scares many people. Maybe it how the market works or have sale <strong>of</strong> individual securities by banking reports and accounting<br />
just sounds riskier than the resources to diversify their the mutual fund is under the practices on the hundreds <strong>of</strong><br />
"save."<br />
investments. That's why continuous supervision <strong>of</strong> individual company stocks<br />
According to the president <strong>of</strong> mutual funds are such an at- pr<strong>of</strong>essional investment which make up the fund port-<br />
a major mutural fund complex, tractive vehicle for investing. managers.<br />
fioloios must be updated and<br />
pr<strong>of</strong>essional money "People are intimidated by Fund managers take into evaluated on a daily basis. In<br />
management "<strong>of</strong>fers the the insider talk <strong>of</strong> investing — consideration a tremendous addition, fund managers are<br />
person who doesn't have the terms like price-earning ratio, amount <strong>of</strong> data about the stock constantly seeking better in-<br />
time or the temperment to debentures, technical<br />
study investments, the ability corrections, maturities, return<br />
to conveniently participate in on investment, etc.," admitted<br />
more than 25,000 different Schellenger. "However, the<br />
securities available for pur- mutual fund concept allows<br />
chase on the organized and people to 'hire' a money<br />
over-the-counter stock manager to keep track <strong>of</strong> all the<br />
markets."<br />
market variables that effect<br />
James P. Schellenger, their investments."<br />
president and chief executive A mutual fund is a company<br />
<strong>of</strong>ficer <strong>of</strong> the Philadelphia- which combines the investment<br />
based Delaware Management dollars <strong>of</strong> many people whose<br />
NOTICE<br />
If you are presently about to install or increase<br />
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No. 4217-A<br />
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vestment opportunities by<br />
reviewing hundreds <strong>of</strong> portfolio<br />
possibilities. Besides blending<br />
the past experience' with the<br />
present expertise <strong>of</strong> individuals,<br />
sophisticated<br />
computerized systems are used<br />
to help interpret the constant<br />
stream <strong>of</strong> information which<br />
flows into the Delaware<br />
Group's <strong>of</strong>fices.<br />
Schellenger noted that<br />
Coast Guard Auxiliary report ,<br />
Trailering boats is a convenience,<br />
but precautions should be taken<br />
Trailering your boat to your<br />
favorite waters can produce<br />
unforgettable, rewarding experiences<br />
— or monumental<br />
headaches.<br />
The differences, says the U.S.<br />
Coast Guard Auxiliary, lie in<br />
precautions and common sense<br />
techniques when towing your<br />
vessel.<br />
Every fisherman, every<br />
boater dreams <strong>of</strong> exploring new<br />
waters either nearby or some<br />
far-<strong>of</strong>f spot. A trailerable boat<br />
makes possible such pleasant<br />
discovery on almost every<br />
outing. But safety begins in the<br />
driveway, not at the dock.<br />
To the land-locked boat<br />
owner, trailering behind the<br />
family car puts within easy<br />
reach those favorite boating<br />
waters. But alpng with that<br />
nomadic itch that hits all boat<br />
owners at one tune or another<br />
comes some unusual problems<br />
Cor the trailer boater. However,<br />
these hurdles are easy to<br />
overcome with good planning.<br />
Making certain your boat is<br />
properly secured on the trailer<br />
is most obvious. All lines and<br />
tie-downs should be inspected.<br />
The winch line should be<br />
checked for tightness and the<br />
lock positively engaged. Crisscross<br />
the safety chains.<br />
The boat should be properly<br />
balanced on the trailer, with<br />
most <strong>of</strong> the weight over the<br />
wheels, and a slight balance<br />
toward the car, with 10 percent<br />
<strong>of</strong> the total weight on the trailer<br />
hitch. A weaving trailer usually<br />
indicates the boat is not<br />
balanced.<br />
The wise skipper lubricates<br />
all moving parts on the trailer,<br />
before a lengthy trip. Wheel<br />
bearings can be a problem.<br />
They should be repacked with<br />
grease anytime they are<br />
dunked. When launching, it is<br />
not always possible to keep<br />
wheel bearings out <strong>of</strong> water,<br />
but their life can be extended by<br />
avoiding dunkings, especially<br />
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Mon. • Sat 8 a.m. - 6 p.m.<br />
Sunday 9 a.m. - 2 p.m.<br />
Canvas tops are less likely to<br />
be torn or damaged if lowered<br />
and secured. The same applies<br />
to antennas.<br />
An excellent precaution is to<br />
periodically pull <strong>of</strong>f the road<br />
when towing a trailer. Make an<br />
inspection. See that everything<br />
is riding correctly. Check wheel<br />
hubs for signs <strong>of</strong> overheating.<br />
Make sure all trailer lights are<br />
operating correctly, including<br />
directional and brake lights so<br />
urgent in fast-moving traffic.<br />
Social Security<br />
Editor's Note: Your<br />
8odal Security <strong>of</strong>fice at<br />
Pennsylvania and Pacific<br />
aves. in Atlantic <strong>City</strong>, will<br />
answer all your questions.<br />
in salt water.<br />
For more personal replies,<br />
Slipping the boat <strong>of</strong>f the<br />
write or visit the <strong>of</strong>fice, or<br />
Other precautions: Make<br />
trailer and into the water<br />
call 800-27M1U.<br />
certain fuel tanks are tightly<br />
without the drain plug installed dosed and secured. <strong>On</strong> long<br />
is a common fault. Next, trips transport the tanks empty Q. I pay a monthly premium<br />
perhaps, is backing trailer and and fill them on arrival. Out- for Medicare hospital in-<br />
car too far down the l h i g board motors should be raised surance protection because I<br />
ramp, <strong>of</strong>ten requiring a rescue and locked in a tilt Bumps and didn't have enough social<br />
tow from a local wrecker truck. chuckholes could do real security credits to get it. I also<br />
These are accidents difficult damage, possibly even dislodge have the medical insurance<br />
to laugh about, but are minor the engine from the transom. part <strong>of</strong> Medicare and pay the<br />
compared to what can happen Proper tire inflation may monthly premium for it. Can I<br />
on the highway. To avoid save a blow-out or excessive drop the medical insurance?<br />
serious m<br />
safety precautions to beare<br />
almost impossible to find in c«nnot^esu*er^jDur<br />
religiously taken before leaving a small town, more so in the<br />
home.<br />
middle <strong>of</strong> the night.<br />
OFFER<br />
When you buy 2 ggallons<br />
<strong>of</strong>nEStMBlI<br />
iLjmtmM>» 8nd d tf tfra<br />
niSJIUHC Pr<strong>of</strong>essional AntJ-fteeza Tester<br />
PrestonelT i—^<br />
T security numbers for filingpurposes.<br />
Is this practice legal?<br />
A. Some non-government<br />
organizations use social<br />
security numbers for recordfceeplhg<br />
purposes. Such use<br />
is neither required nor<br />
prohibited by Federal law.<br />
Knowing your number,,<br />
however, does not allow these<br />
organizations to get information<br />
from your social<br />
security records.<br />
Q. I just got married a few<br />
weeks ago. Does my marriage<br />
have any effect on my SSI<br />
payments?<br />
A. A change in your marital<br />
status could affect the amount<br />
fflt«teu<br />
insurance without losing your notify a social security <strong>of</strong>fice<br />
hospital insurance too. promptly. The people there will<br />
However, you can cancel your tell you how your marriage<br />
hospital insurance and still affects your payments.<br />
continue your medical in- Q. What other dependents<br />
surance.<br />
besides children may be<br />
Q. I recently applied for an eligible for benefits on a<br />
auto loan from a finance disabled worker's record? '<br />
company. -The person who took A. In addition to disabled,<br />
my application asked for my children, unmarried children<br />
social security number. I didn't under 18, and children between<br />
want to give it to her, but she IB and 22 who remain un-<br />
said the company uses social married and in school, other<br />
dependents that may qualify<br />
for benefits include a wife at<br />
any age if she has a child under<br />
18 or disabled in her care<br />
Johnson honored getting benefits on your, the<br />
worker's record; a husband or<br />
Glenn Johnson <strong>of</strong> <strong>Ocean</strong> dry wife age 62 or older even if<br />
there are no children getting<br />
has been recognized for outstanding<br />
achievement as a benefits.<br />
Field Director by General<br />
Business Services, Inc., a<br />
national small business<br />
counseling firm located in<br />
Rockville, Md.<br />
Johnson was recognized out<br />
<strong>of</strong> a possible 1,009 GBS Field<br />
Directors for distinguished<br />
performance in counseling<br />
small businesses in the Cape<br />
May County area. Johnson has<br />
been with GBS since 1973.<br />
General Business Services,<br />
me., is the nation's largest<br />
consulting firm specializing in<br />
small business with affiliates in<br />
all SO states. GBS Field<br />
Directors are pr<strong>of</strong>essionals<br />
trained in small business<br />
management providing a<br />
variety <strong>of</strong> financial<br />
management services such as<br />
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Sale Prix* $.49 sq.ft.<br />
Odd Lot Ceramic Floor*. Value* to $1.98 sq. ft.<br />
Sal«Prics> $ ^9 sq.ft.<br />
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PAGE 7 — SECTION TWO<br />
We have one <strong>of</strong> the best road.<br />
health care systems in the Of the billions<strong>of</strong> dollars spent<br />
world, with advanced each year on health care;<br />
technology and wonder drugs at however only two percent is<br />
our disposal.<br />
spent on preventive health<br />
So why are millions <strong>of</strong> .programs. Two percent.<br />
Americans still dying from I'm not saying that we should<br />
heart disease, diabetes and abandon our search for cures to<br />
stroke? These are the same diseases such as cancer or<br />
major causes <strong>of</strong> death that diabetes. I Just think it is im-<br />
plagued Americans decades portant to stress the value <strong>of</strong><br />
ago. Why?<br />
preventive medicine.<br />
Consider the fact that most In fact, I am so sure that<br />
people don't think about their preventive medicine is the<br />
health until they no longer have direction our health care should •<br />
it. That's the bottom line here, follow in the future, that I<br />
lake a simple thing to control strongly supported legislation<br />
like hypertension. Hyper- to channel $40 million dollars to<br />
tension is a major cause <strong>of</strong> New Jersey preventive<br />
heart disease which killed over medicine over the next three<br />
27,000 people in New Jersey years.<br />
alonelast year. Or diabetes and The Human Resources<br />
influenza pneumonia, which Committee, which I chair, has<br />
were responsible for 3,000 developed a solid disease<br />
deaths in our state.<br />
prevention and health<br />
promotion program which the<br />
These diseases could be Senate will consider in the next<br />
practically eliminated and few weeks.<br />
certainly controlled with The bill earmarks funds for<br />
preventive medicine. If people programs like prevention,<br />
are educated about nutrition immunization and toad-based<br />
Hfe styles, disease symptoms, paint poison control. The<br />
doctors believe many <strong>of</strong> the American public is wisely<br />
major causes <strong>of</strong> death in the turning in this direction, and I<br />
United States could be am confident that the Congress<br />
drastically curtailed.<br />
win recognize both this desire<br />
It is a f g<br />
and the critical need for more<br />
health, not simply ' curing<br />
attention to preventive health<br />
dsease after-the-fact.<br />
care.<br />
We have to adjust our health<br />
Of course, preventive<br />
care priorities, then. Common<br />
medicine is not a panacea, but<br />
sense tfiiff us that every dollar<br />
is is the important first step <strong>of</strong><br />
we spend on disease prevention<br />
health care delivery.<br />
can mean saving hundreds <strong>of</strong> The object — to keep people<br />
dollars in medical bills and out <strong>of</strong> the hospital, ana pot<br />
hospital costs farther down the. them on the road to good health.<br />
Capital comments<br />
By JAMES R. HURLEY<br />
Assembly Minority Leader<br />
The imprisonment <strong>of</strong> a New handle them exactly alike.<br />
York <strong>City</strong> newspaper reporter It has been ~<br />
for refusing to- comply with* time and<br />
rtdrder to sari<br />
he took while investigating a «g&<br />
multiple murder case has<br />
rekindled debate and con-<br />
<strong>of</strong> their findings has unetvered^<br />
troversy over precisely how<br />
criminal activity and govern-<br />
strong the so-called newsman's<br />
mental corruption.<br />
shield law should be.<br />
Such findings were made<br />
Currently, the New Jersey<br />
possible in large measure by<br />
shield law provides that an<br />
informants and sources who<br />
individual eogated in gathering<br />
were willing to divulge in-<br />
news cannot be forced to reveal<br />
formation only under the<br />
the sources <strong>of</strong> his Information.<br />
promise that their identities<br />
The New Jersey law is one <strong>of</strong><br />
would not be revealed.<br />
the stronger ones In the nation<br />
Such safeguards must, to my<br />
and has been recently<br />
opinion, be<br />
broadened to include television<br />
and radio newscasters and<br />
magazine writers.<br />
Additionally, legislation has<br />
been Introduced to prohibit law<br />
enforcement agencies from<br />
obtaining warrants to carry out<br />
a search <strong>of</strong> newspaper <strong>of</strong>fices<br />
and seize notes, photographs or<br />
other materials for use in an<br />
investigation. This bill was<br />
introduced after the United<br />
States Supreme Court ruled<br />
that newspaper <strong>of</strong>fices were not<br />
exempt from such searches.<br />
While the case involving the<br />
New York <strong>City</strong> reporter has<br />
been complicated by<br />
allegations that he made some<br />
<strong>of</strong> his notes available to a book<br />
publisher and permitted the<br />
prosectuion access to them, the<br />
question <strong>of</strong> bow far a<br />
newsman's privilege extends<br />
has not been resolved.<br />
There is, clearly, a need for a<br />
strong newsman's protection<br />
law if the ability <strong>of</strong> the media to<br />
gather information and present<br />
it to the publld is to be maintained.<br />
At the same time, there is an<br />
equally important obligation to<br />
insure that a defendant in a<br />
criminal trial be given the<br />
fairest possible hearing, particularly<br />
when his liberty hangs<br />
in the balance.<br />
Admittedly, these seemingly<br />
competing views must be held<br />
in a delicate balance if the<br />
integrity <strong>of</strong> both is to remain<br />
inviolate.<br />
How to achieve and maintain<br />
this balance is now the task <strong>of</strong><br />
the legislature. In this regard,<br />
the assembly Judiciary committee<br />
recently retained the<br />
services <strong>of</strong> a consultant on<br />
constitutional law to study the<br />
existing shield law and report<br />
to the legislature by next<br />
January on what changes and<br />
revisions would be desireable.<br />
In my judgement, it will be<br />
extraordinarily difficult, if not<br />
impossible, to develop a rigid<br />
statute which would be applicable<br />
and, more importantly,<br />
fair in all cases involving<br />
newsman's privilege.<br />
It seems to me that each<br />
instance in which the confidentiality<br />
<strong>of</strong> source collides<br />
with due process <strong>of</strong> law must be<br />
uandkd on a case by case basis.<br />
No two seem to be exactly alike<br />
and it would be difficult to<br />
rna|nt *fnf*f, but not<br />
at the expense p <strong>of</strong> h » h<br />
the capability <strong>of</strong> an. indivi<br />
charged with a crime to an<br />
adequate defense in a court <strong>of</strong><br />
law.<br />
I am hopeful that the study<br />
which has been lfr!<br />
by the Judiciary committee win<br />
unravel some <strong>of</strong> the constitutional<br />
knots posed by the<br />
interests <strong>of</strong> a free press versus<br />
the right to a fair and impartial<br />
trial.<br />
Invitation<br />
to scouting<br />
An invitation to Join the Boy<br />
Scouts <strong>of</strong> America was issued<br />
recently by Norman Hilton,<br />
Atlantic Area Council<br />
president.<br />
The council Is conducting a<br />
special fall project to make<br />
BSA programs available to<br />
more boys. This effort is known<br />
as "school night to Join<br />
scouting." Hilton is pleased to<br />
have Tom Sweeny <strong>of</strong> Cardiff as<br />
the council chairman for school<br />
night.<br />
The feature <strong>of</strong> school night is<br />
that a school in each community<br />
will be open for the<br />
purpose <strong>of</strong> bringing unit leaden<br />
together with new boys and<br />
their parents. Most communities<br />
in the council will<br />
observe school night on October<br />
S. Specific locations and times<br />
will be released through the<br />
schools and newspapers next<br />
week.<br />
In surveys three out <strong>of</strong> four<br />
boys indicate that they want to<br />
be members. Special attention<br />
is being given to those boys who<br />
have not had the opportunity to<br />
Join. Information about the Boy<br />
Scouts <strong>of</strong> America is available<br />
from the council service center,<br />
3M-11S6.<br />
An organization using the<br />
BSA program agrees to provide<br />
leadership, suitable meeting<br />
place, and program assistance.<br />
Chartered program partners<br />
include the American Legion,<br />
churches, liona, hospitals, and<br />
PTAs. The BSA council wiQ<br />
make help available in<br />
training, activities, camping,<br />
advancement, and health and<br />
safety.<br />
The Atlantic Area Council isa<br />
partldpaUng Agency <strong>of</strong> United<br />
Way.