Friday, luly 8, 1949
THE DAILY NEBRASKAN
PAGE 3
Dr. Palmer Reports Nebraska
Business Remains Steady
Business in 13 principal cities of
Nebraska in May averaged prac
tically the same as April and three
percent above May a year ago, Dr.
Edgar Z. Palmer of the Univer
sity of Nebraska business admin
istration college reported Friday.
Seven of the reporting cities re
ported increases in May over the
same month a year ago, and the
other six showed generally slight
declines. Largest increases were
made by Fremont 15.9 percent.
North Platte 14.5 percent, and
Omaha 8.1 percent. Only three
Mud,Sweat
and
Cheers
by Rod Riftg
The majority of Nebraska
football players are engaged in
summer work, which should
bring them back in good condi
tion for the fall season.
Coach Bill Glassford has had
many reports from many of the
candidates on their summer ac
tivities. He has been in touch
with the squad by letter since
school endd.
Dutch Meyer is working as a
lifeguard in Lincoln. Jack Mc
Cartney, half back candidate who
played a season for Northwestern,
is working as a section hand for
the Union Pacific out of North
Platte.
Don Straheim has been doing
construction work at Kimball.
Ardie Means has been driving a
truck for a wholesale grocery
firm. Ralph Damkroger, is spend
ing the summer on his dad's farm
near Dewitt.
Phil Jones is painting buildings
for the Union Pacific railroad.
Cecil Voils is working at a drive
in in Lincoln. Rocky "Mueller is
doing maintenance work at the
Univeristy stadium. Don Minnick,
tackle who graduated from Fair
bury Junior College and will be
cities reported increases in May
over April: North Platte 2.2 per
cent, Hastings 2.1 percent, and
Omaha 1.6 percent.
AT THE SAME time. Dr. Pal
mer reported that the physical
index for all business m iNeorasKa
in April was four per cent above
the Drecedinz month and 2.2 per
cent above the same month a
year ago. In the U. S., April busi
ness declined slightly from March
and was 1.6 per cent above the
same month in 1948.
The index for the thirteen prin
cipal cities for May, based on 24
indicators such as retail sales,
building permits, bank debits,
etc., is as follows:
City Omn or Txss Gain or I.ojs
from April From My, 194S
AT.T. rfTTKS -0 fi 3 0
OmHhfi 1 fi R.l
Lincoln -7.fi -f) 9
Grand Island 6 ." 3
SeottKbltiff -2 1 -3 2
North Pltt 2 2 US
Fremont -7.7 1.V9
McCook -4 1 -4.5
Haptincn 2 1 -2
Beatrice -8.1 4.2
Kearney -0.7 -2 8
Nebraska City -10 3 -0 8
Columhiu -7 4 4 8
Chadron -2.5 1.4
eligible this fall, is working as a
lineman for the power company
at Fairbury.
Fred Golan, is attending sum
mer school and is winning his
battle against excess weight.
Golan has cut his displacement
from around 240 to 221 and is
confident that he will win his
wager with Coach Glassford and
report August 30 weighing 215 or
less.
Charlie Toogood who also bat
tles excess weight constantly, says
that he lost 21 pounds in 22 days
on a construction job at North
Platte. "I weigh 220 now and get
lighter by the shovelfull," he said
in a letter to the coach.
Moon Mullen, Connelsville, Pa.
is working in his home town and
declares that he weighs 205 and
is in shape now.
Herb Reese, Big Seven 175
pound wrestling king and his
brother Dick are working in cen
tral Nebraska spray painting
barns, houses and other buildings.
Finland Wants
Peace, Security
Says American
Finland wants peace and free
dom and her people's hopes are
high for . securing both these
things, despite an uneasy world
situation. .
So says Mrs. Helen Vaananen,
a native American, who has lived
in Finland since 1931. She was a
visitor to the University of Ne
braska summer session Tuesday.
MRS. VAANANEN, is a native
of New York and obtained her
high school and college education
in Colorado. While studying in
Paris in 1931 she met and mar
ried Dr. Veikko Vaananen who is
now acting head of the Romance
Language department of the Uni
versity of Helsinki. During the
past year Dr. Vaananen was a
visiting professor at Louisiana
State University.
She believes that her adopted
land is one of the world's great
examples of democracy in many
respects, and in others, particu
larly the standard of living. Fin
land does not measure up to the
United States.
SHE SAYS the thrifty Finnish
people are now embarked on a
determined program of paying off
war reparations debts to Russia
which has tremendously re
duced the ability of that country
to take care of its own post war
problems. These domestic prob
lems are aggravated by the fact
that a quarter million Finns
rr wed from the former Finnish
teiritory annexed at the end of
the war by Russia.
G.I. Insurance Dividends Due
University student veterans will
reap dividend benefits from their
GI insurance policies sometime
in 1950.
Veterans Administrator Carl R.
Gray, Jr., has ordered payment
during the first six months of
1950 of a special $2,800,000,000
dividend on 20,000,000 national
service life insurance policies held
by World War II veterans.
Veterans who converted their
policies into any of the six types
of permanent insurance are likely
to harvest proportionately larger
dividend benefits than those who
retained "term" insurance.
Owners of converted policies
probably will collect more be
cause of the higher premiums
they have paid, although a part
of the increased premium builds
up as savings. Lowest dividend
checks will be paid to owners of
$1,000 policies that have been
in effect only three months. Poli
cies acquired since Jan. 1, 1948
are not eligible for the special
dividend.
Although the Veterans Admin
istration is still working on the
dividend pay scale and has not
yet indicated whether it will re
lease details of the scale when
it is completed, the VA is
determining individual payments
as follows:
(1) Policy-holders are divided
into age groups by years that
is, age at the time the policy
was taken out.
(2) Each age group is divided
into seven sub-groups deter
mined by the types of policy
term insurace and the six types
of converted policies.
(3) The agency determines the
actual mortality rate of each
group and compares it with the
mortality rate upon which the
original premiums were based
the standard "American expe
rience table of mortality" used
by commercial insurance companies.
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