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:N 4 h : m § " ' : Y ‘ R * hi Lea waromoy Axonice, wounsiuay, July 17, 1474 17 _ * . x + % » 5k h « g 99 *A 4 $# ’ & Lk uxt ; at 3 BC hss e j 4 \ l x é,‘ S 3 . & z* * ts se i i'» wates i3 KÂ¥ u; * 2 Wikhly‘ t wap xT rzg > ““-741 ‘.._:‘.!. '. kerni~ i yA * dR ts e x k A * igr /. * * * um . *Â¥ 4 CÂ¥A eC o t P wotee 4 s x . «l 3 n % * r .@ "at i for k g j y y & PssE . g 2 _ € t ir uy me ou * a s aiach. 2 > $ _ * » o â€" A\4 There is a fair bit of panic in the financial world these days. One of Germany‘s big banks failed. The stock market is more like‘a swamp than a market. Inflation is scaring the wits out of people and even politicians. . \ It was inevitable that some of us bigger figures in the financ:’ and business game would be affected personally. Sure . I‘ve been caught in a personal bind and I don‘t know whether to go for broke or go for the hills. I‘ve been a pretty big shareholder of a stock called Peéel Elder. I have 25 shares. It‘s a long story and I‘ve told it beâ€" fore. But I got in on the ground floor, as we say on Bay St. and Wall St. These are a couple of well known streets in the financial world. One of them runs down to the bay, in case you want to drown yourself when the market is slumpâ€" ing. The other has a wall for pounding your head against in the same eventuality. _ â€" camp. Well:jas I was saymg I got in early. Was discharged from the air force with a couple of thousand bucks the paymaster had thoughtfully put away for me while I was in prison \? LA vyevey inE Guaranteed Blade Sharpening Special We will sharpen and adjust by hand all reel type mowers. For Only $4.00 per mower. Also baiance and sharpen your single blade For only $1.25 Repairs to all makes of lawnmowers & Open 5 Princess St. Waterloo Monda (across from Waterloo Bowling Lanes) *o Y PHONE 743â€"9031 Saturda, ~"Sale starts Thursday July 18th, 1974 _ SNOâ€"MOW ' LAWNMOWER REPAIRS open Thursdays and Fridays 9.30 to 9 Monday thru Saturday 9.30 to 5.30 76 king st. w. kitchener phone 578â€"0090 one king st. n. waterioo phone 576â€"0610 Both stores will be closed Wednesday July 17th. to Saturday I had decided I wasn‘t going to slug and sweat all my.life just to make a living. T was going to make it fast, and make it big. , * I looked the field over pretty carefully, searching for a career with a builtâ€"in escalator. And the field looked right back at.me with a coldâ€"and steely â€"eye, sayiligâ€"in effect, ‘‘What do you know how to do, besides crashlanding an aircraft in a plowed field? *‘ â€" There wasn‘t really much. 1 could answer to that. So, I thought, "The heck with the big corporations, when they can‘t recognize talent, drive and sheer ability, even though these are staring them right in their cold; corporate eye." The fina! straw arrived ‘when a personnel manager at Bell Telephone toldâ€"me warmly that yes, he thought there might be & real future for me with the company, and yes, he thought he might find a place for me in three or four months, but I‘d have to start at the bottom, like everyone So I shook him warnly by the hand, with that sincerity that only a Vâ€"P in charge of PR can muster, thanked him, and said, ‘"Mustn‘t take any more of your time. I have to dash to the Royal York for lunch with Jack McClelland of McClelland and Stewart, then catch the afternoon train for Montreal, where President Crump of the CPR has been trying to get hold of me for a week. By the way, if you get sick of The Bell, look me up in a year or so, and 1 might have something for you. Just contact Bill Smiley Associates, Incorporated, not to mention Limited." It turned out that the bottom was sweeping floors at someâ€" thing like $48 a week. Eyen in those days The Bell paid good wages. That‘s probably why they have to ask for a rate increase every couple of years, to compensate for their incredible generosity to their employees. . Anyway, the bottom didn‘t have much appeal. I‘d had something in mind more like Viceâ€"President in charge of Public Relations; _ â€" At least I left him with his mouth open, but I was seethâ€" ing, inside. Some people seethe on the outside, but I always do it inside. = Anyway, I strode out of there, muttering, "All right. O.K t uo e nge P xC it * s $ -‘&\!’ Je .";f‘ k. ® x * ’y.' and » §X & :‘!5 # '. e ose 7 y a 2 3" * . ‘fi‘l’ ("':‘ k * o o e yA yn n * n o. n * ># 3 * h. a 4 #x" iyf 3e Ip 22 eat c <"k s 16 stt + ce * *= & * * § o NEA i+ & f y 1 2$ 70 > Mow * 3. e sb‘ ~$4r. mex S%~%"â€" cAz â€" £ ; â€" % # 22. F Re X ;.’*' % F L fou% e '. 4. $s 00 c > ,....; T:'. W 7 7 a 2 then 1 4 . ‘ _ # > & \'J;v'. * «: If that‘s the way they want it. I‘ll go it alone. Kil destroy them all within five years. Ill plunge into the stock market and buy them allâ€"up and have mergers and conglomerates and caviar and all sorts of stuff." Even then, young and inexperieniced, I knew the jargon of big business. So 1 plunged: It was like a butterfly plunging at a bull Oh, I didn‘t just roar around buying up companies. I did= n‘t buy just any old stocks. I wish I had. I bought some so new the ink wasn‘t dry on the certificates. C But I proceeded with caution. I wasn‘t going to be takem done every Wednesday with a friend who babyâ€"sat for a proâ€" minent stockâ€"broker‘s former wife, I decided to plunge into Northern Ontario gold. a My first choice was a lucky one: I bought into a company with a property so rich that even the moose who used it for pasture had gold fillings in their teeth. But all this is getting us nowhere. I started out to tell you how a couple ofâ€"big conglomerates or condominiums or whatever they call them are ganging. up to get hold of my 25 shares of Peel Elder. They‘ve offered to buy them for $13 a share and I could have sold them a month ago for $11.75 a share. ~ â€" in by some smoothâ€"talking operator working out of a teleâ€" And I didn‘t fool around with penny stocks. That‘s for the little guy with two hundred bucks to invest. No, I went for the solid, blue chip stuff. ~ > + ** I snapped up one thousand shares of this stock for 22 cents a share. Within two days it had shot up to 23 cents. I was on my way, and I‘ve never looked back since. It hurts too much. In three weeks the stock wasn‘t listed on the financial page. I still think it was because some linotype operator was sore because some of us were making fortunes, and he left the name of the mine out of the list through sheer spite. There‘s somethirig fishy going on, and if I can get to the bottom of it, I‘ll expose the whole thing in next week‘s column. Just hand in there and wait. I don‘t want to see other simple stockholders get hurt. _ i m 1 g resigns Ifl39 °_ s B mt i On the advice of my landlady‘s sister, who had her hair Waterloo County Separâ€" ate School Board chairman, Joe Flynn, has resigned. _ He said he regretted léavâ€" ing the board and that it had been a privilege to work with such a dedicated and coâ€"operative group of trusâ€" tees. This was Mr. Flynn‘s fourth term as board chairâ€" Mr. Flynn was elected MP for the Kitchener ridâ€" ing in last week‘s election. At their next meeting the trustees will elect a new chairman and nomâ€" inate another trustee from the Kitchener area to reâ€" place Mr. Flynn. * Back in Good Shape...Fast Not a sign of that colliâ€" sion when our experts reâ€"condition your car. Fine work at moderâ€" 430 ALBERT ST. PH. 884â€"0550 WATERLOO NORTHDALE AUTO BODY it