The Morning Call from Allentown, Pennsylvania • 37

THE MORNING CALL. Allentown, Pn Wednwdy. Jaly 1, 1985 37 lTancy POOR LTL FLOWER. I Iir xl our Money vi orin "S1 'I I I IKifili Short-Term rayon in TRYING TO GROW 7 iC. whn THROUGH THE life For Hoarders of Silver Coins production of the new coins with Ipcb "intrinsic value" (i.e..

sil By SYLVIA PORTER NEW YORK "Dollar bags best investment ver) will drive the "more val "-1 1 T. U. I. O. -A uable" silver coins out of circulation and into the hands of With the price of silver sure to so ud in the near Jot Palooka ters and 50 cent pieces In circulation, containing another l.S billion ounces of silver.

"With that much silver as a cushion, why would anybody pay a premium price for ordinary coins?" asks Asst Treasury Secretary Robert A. Wallace. "The silver coins will be available at their face value at any bank." Fact Three Prices of sil till w- UOM7 I JUST WANT 1 ALL RIGHT. THE DOCTOR SAID HE futiire. minv kiI- hoarders and speculators.

Money collectors and speculators already have stashed awiv more than 400 million sil COULDN'T LAST TWO PAYS ver dollars will be WITHOUT HIS AND TO KNOW HOW TUU JPS 1U. RE SO POSITIVE LET YOU IN THAT HE'S GOING A ON A LITTLE melted, thereby copper-nickel "sandwich" coins will be produced in place of today's familiar silver dimes and quarters. By yearend, hundreds of millions of new silver-less coins will begin to circulate. While' the switch will offer permanent relief from today's chronic coin shortage and will release vitally needed silver for industrial use, it also threatens to bring out coin hoarders and collectors in droves. Behind the hoarding threat is this simple arithmetic: if to SURE HE'S LJL SO! S3 THE PILLS HE'S GETTING ver dollars and 250 million new making those that V3I5.

ARE FAKES TO I7IE r- ctKcT remain more valu THESE ARE THE able." REAL ver futures the price traders 11113 aa, wnicn FIGHT HERE 3g Kennedy half-dollars. What are the pay-off prospects of coin hoarding today? Fact One The Treasury's present silver supply, just under 1 billion ounces, is enough to last welt bevond the three-year appeared recently in a major coin collectors' journal, changeover even assuming highlight the hoarding prob- i lem facing the day's Treasury-supported silver Porttr earmarking of lea mimon ounces as a defense reserve. Quite possibly the supply could be stretched almost indefinitely. Fact Two There are now 12.4 billion silver dimes, quar- price of $1.29 an ounce were to rise to $1.38, it would become profitable to melt down coins for their silver content. Also behind the threat is the 407-year-old "Gresham's umted states on the eve of its first complete overhaul of the nation's currency in 173 years.

Under the new coinage law, nonsilver Abner THATVXXJLD I THEN, GET VITH LOOK AWFUL 1 IT FRESHMAN- Reason Called Obvious ADftapour- IF VOL) DONJT Lehigh Plans OK1MV rf FOSDICK.r BE I Dprnpn a iyv: avmt CONFORM. WE'LL FROM A POLICE DOG TRAINING Pennsylvania Drops Out I'D NEVER IDOGS.T HAVE TO DROP vni i GET A PROMOTIOM.7 Building Construction plans for a three Of Long-Rifle Shoots TRIED, SIR.r-BUT JS ITS ALL THERE SEEMS MENTAL.7 I TO BE SOME WSri i'f I VAGUE I 1 DIFFERENCE fST BETWEEN Org story. $290,000 residence unit were made known yesterday by Elmer W. Glick, Lehigh University treasurer. liver the shoot-out challenge to then Gov.

Bert Combs. The first Pennsylvania team in 1963 included Richard Hujsa and others commit themselves to pay for silver in the open market at a future date actually have nose-dived since last fall from $1.38 an ounce to today's $1.29. This downtrend reflects the growing realization among experts that the Treasury is determined to hold the price of silver at $1.29 for the foreseeable future. Fact Four If hoarding does develop into a major problem, the Treasury has standby authority to prohibit melting and exporting of coins, so that even if the price of silver rose above $1.38 an ounce, hoarders could not make a profit legally. Fact Five Unless and until the lid comes off the price of silver, hoarders must forfeit any earnings on funds they put into coins and you can get well over 4 per cent a year on simple savings accounts in institutions from coast to coast.

Moreover, because of the recent rash of coin-collection thefts, big holders are being forced to buy costly insurance policies on and safes for their collections. Unquestionably, the long-range pressure is for a rise in the price of silver. Under the new law a Joint Commission on the Coinage will review the whole situation three years from now, decide whether the Treasury should continue to sell silver, at what price and to whom. But, warns Reno Odlin, president of the American Bankers Association: "It is going to be a long time before speculators stand a ghost of a chance of turning a profit" on hoarding of coins. The contract for the unit, to of Allentown, his brother Robert be used as the Phi Kappa Theta fraternity chapter house, has been awarded to Earl W.

Eck- er. a Bethlehem contrac Mickey inn Special to The Morning Call FRANKFORT, Ky. Pennsylvania has decided to pull out of the two-year-old long rifle 0 0 1 between marksmen from Kentucky and the Keystone State. The reason "is obvious to all," said Col. James M.

Van Divier of Elizabethtown, spokesman for the Kentucky shooters. Kentucky has soundly defeated Pennsylvania's sharpshooters in all four matches held thus far. Lehigh Valley area residents tor. The brick, Georgian styled ANDHOHJf YES THIS LAST MCQiNNIS AND JELLIE ARE ALL IT'S GOING TO DECIDE SURE NO OTHER THE TOURNAMENT, TOOM eJIlHi CONVINCING HIM HOLE SHOULD of Nazareth R. 1, and George Seisler of Fleetwood.

The Kentuckians won both the 1963 matches and kept their record intact with two more victories last year when Jay Campbell of Pipersville was on the Keystone team. As a result of their victories, the Blue Grass State shooters contended the name "Kentucky Long Rifle" was the proper MSGJWNIS SURE GOT THAT THE GALLERY EVEN TO HERE? DECIDE building, which will house 40 students, was designed by Robert P. Morgan, a West Orange, BACK IN THE GROOVE, I WAS A CHALLENGE, "1 PHIL AND 5TAYED ft- DID IT 4 N. architect and engineer. Alumni and friends of Lehigh have contributed about one-half of the construction cost, with the remaining funds to be supplied terminology.

The weapon have been in the thick of the by the university. The structure will be located west of the Sigma Phi Epsi- gamed its prominence in Kentucky when Daniel Boone was opening up the frontier. But shooters from the Keystone State argued that the gun controversy over the rightful claim to the title for the long rifle. In 1963 Joseph E. McCracken Ion residence in Sayre Park.

Construction will begin in the near future. had been made by Pennsylva First floor plans call for a of Bethlehem, then 75, led a troop of Pennsylvanians on horseback through the Cumberland Gap to Frankfort to de living room, a library, a dining nia craftsmen and therefore should be called the "Pennsylvania Long Rifle." room, kitchen and pantry, a lounge and an equipment room. Smiily uc2 vaO ArrrAi.l lO I you md vgu 7up-rs 1 BE: SAILING AU VMWIM' I on HIM The second and third floors will each have 10 two man BBHEVHEHEHaB3j emus I study bedrooms. fir's BOKCBOCKPO-) NAME IS I Tug Reaches ARE AT t7w Agent X-9 Drifting Ocean Liner NEW YORK (AP) A tug reached the drifting passenger liner Seven Seas in the Atlantic Tuesday and reported "ideal conditions, visibility excellent, calm seas," the Coast Guard said. The Dutch tug Ierse Zee planned to tow the liner with its 400 passengers and 210 crewmen to St.

John's, 500 miles distant. Arrival is expected Friday. The coast Guard cutter Abse-con, which had reached the West German liner just after midnight, had reported all welL The 492-foot liner's diesel engines were disabled by a fire Saturday night No one was injured. The liner's master, CapL Helmut Bender, reported an excel latua siloes Aftares' nsuxctions. 1 OJlf lent mood among the passen gers, who include 125 American Hark Trail high school students returning from a year of study abroad.

I SORRY I'M A MASK, CLAD.KNq, A SPIN OVER THE BIS "fPSSNj POPULAR NEW COMPACT SIZE PHILC0 5AC51 -a THAT'S THE LITTLE I WATASEE RIVER WWEBE TMEVRE Meanwnue, in a radiogram to the Associated Press from Mar I'M LATE, JOE. ilyn Awbrey, daughter of the y- -f publisher of the Hutcmnson (Kan.) News, the situation aboard the liner was described as one of calm. "Singing, sarcasm and wait ing for news filled the following hours," she said. "There was I 1 '1 I I (, 1 ii imin tTiiriifmiiiirr-ii 1 mm-vm I i. I I 111 fear but no hysteria." Zaimes Named News Director For State LCB 5,000 BTUHR Cooling Capacity Slumbr-quil operation Automatic Thermostat 2 Fan Speeds Ventilation Control operates with or without cooling Washable Air Filter Fits any window 19" to 39" wide Operates en 115 volts Tiger 1 BEEN EATINS I 'gN ALMOST Call Harrisburg Bureau HARRISBURG -r Veteran Le high Valley newsman Charley AoOI.TlGER 0Mg IN 6VERV A FKE 1 'ST(20NS05 Zaimes has been named news director of the Pennsylvania Liouor Control Board.

The board announced that Zaimes will succeed Perley J. Hill who retired from the 923 a year post in April after 25 years service. Zaimes. 45 former news Install It Yourself in Minutes! Just mount bracket on win-dow ill and set unit in place. Closa window, slide out adjustable side panels, and fasten to window sssh on eech side.

Plug In end cool. director of Allentown radio sta tion WSAN and host for "On the line," a news interview program that was aired week- CHOICE OF 7 Decorator Fronts Select a deco rotor front in rich, simulated wood grain, or attractive modern fabric NEW 1965 Philco NOISELESS Air Conditioner with new NITE-LITE Operates quietly even at full cooling capacity. 6,800 BTUHR NEMA-certified rating. Automatic thermostat, no-drlp dehumidification, washable air filter. nights on the station.

Previous Hoggs i liiiiillli! I ly, he was front page editor of The Morning Call and worked as a reporter and radio news Ill THfilVAyXUMVS I OPEN TWE FRONT POOR IP VOU WANT TO GET THAT AMP VEU, "PINNEK.S SXEETER, X2U SEE PCS TO TAKE A fa- JUNIORtXCAUEPHM THAT HAVE TO USB TO COME FOK WAS A HOW WOUU? Philco 7AC53 HIS BA7U- I TKRI8LE MISTAKE, pur yir qjejt? MtMA-eCRTIFltD RATINGS Tliit It a ftnl-nil emmt NEMA Whtn Kit actual tatl addad It room tir twidiliww tMdtlt. tiftiHitt that tht BTUHR eooiinf catac-tty, watti and ampwn thown an tht nam lal(J) act etfWitd actaratt by Hit Nitleo. ti tltctrktl Mtntrttcturtfi Assacittion. imr.ZIf HrJ gl litter Igg lgIiligelga caster for the Call Chronicle Newspapers for several years. A native of Middletown, N.Y., Zaimes has worked as a reporter, photographer, editor, and commentator for newspapers and radio stations most of bis life.

He is married to the former Margaret Karch of Nazareth and has two sons, Dimitri, 18, and Jon, 14. The Zaimeses will continue to reside in Allentown. Damages Refused BEST PRICE SERVICE TERMS PICK-UP INSTALL IT YOURSELF COME INI PRICED TO SELL FULL WARRANTY WITH EACH SALE I I I 1 In Crash Case An arbitration board in Le "Service Is Our Most Important Product" mwMmmm VINYL COATED 9x12 high County Court refused to award any damages in a law suit arising out of a traffic col lision last Oct 4. The suit was filed by Colburn TteeadeJv 01.66 Q. Kent, 129 N.

15th Allen 8:30 A.M. to 8:30 P.M. SAT. 'til 6 P.M. AMPLE PARKING Easy Payment Plan town, against Harry Chase ALL COLORS! For Bedrooms.

Nurseriei Kitchens Baths etc. ALLENTOWN Or 547 N. llth Allentown. The board found for the Phone 433-4202 I Milo North of City on Tth St. Extension North 7th St.

Pik- CROWN CARPETLAND The accident happened in South OPEN EVERY EVENING TIL P.M. Whitehall Township. 1 twK a iTtKn.