The Key West Citizen Newspaper, October 17, 1950, Page 8

Eis i ~ White dots on map above indicate path of the storm. THE KEY WEST CITIZEN ‘at 12:30 TODAY. the 110-mile per hour hurricane was headed directly for Matecumbe. Northern section _ @f Monroe County is directly in the path of the storm, the U.S. Weather Bureau reported this afternoon. John Nuveen Interest. On $3,000,000 Steam Ten Candidates Will Be Initiated At A Testimonial Dinner Here Thursday Key West Elks will honor Charles Falk for his 50_years of service and leadership in. the loz caldodge with a testimeaial din- ner Thursday, Oct. 19. Included in the evening's pro- gram is the initiation of the Chas. Falk class, consisting of ten can- didates. High-ranking Elks from all jover Florida will be preesnt at Tiler Falk's Golden Anniversary Celebration. Guests will include Deputy Grand Exalted Ruler; Ar- thur O’Hea, president of the state | Elks association; William Wall, chairman of the Elks Grand Lodge ritualistic committee; Chelsea Senerchia, Miami city manager and Grand Esquire of Grand | Lodge; Andrew Healy, past Dis- trict Deputy Grand Exalted Rul- jer; P. J. Ross, of the local lodge, | past District Deputy Grand-Ex- altgd Ruler. @harles Falk, a resident of Key W6st for more than 60 years, was | one of the founders of the local Elf lodge. He was a customs ingpector at the Key West port for 21 years. The fete will get underway at 6 p.m. with a cocktail Din- ner will be served at and DDGER Wendler will address the Elks at 9 p.m. The following local Elks . will take part in the initiation cere- mony: Paul J. Sher, Exalted Ruler; Robert A. Saunders, Esteemed Leading Knight; John Blackwell, Jr., Esteemed Lecturing Knight; Testimonial Will Honor CharlesFalkOnGolden = -=) = = SS Anniversary In Lodge <== =" ~~ ~ James P. Wendler, District! Ee qarean 4 ¥_ACTORED 17. 1980 TUESDAY, OCTOBED 17. 1958 are to show good fash and lack carelessness on your part jentutied to GI Bil benefits wnec | will not be entitled te Gl BH | benefits Those benefits are jited to World War I } fish omy final semester > pay for those tes OF INTEREST TO VETERANS = wecks myself? ~Q., Wilt my group hospitaliza-|. A. No. Under the lew. f you tion policy prevent me from re-jentitiement expires after you cHiving treatment in a VA hos-| have passed the half-way mark pital for a service-connected dis-|in your quarter semester, WA ability? iw [Ty you on the rolls until A. The policy has no bearing/ at Quafter or semes jon your eligibility for hospitali-|ter zation for service-connected caus-|Q. I es. | unde: Q My house caught fire tha . other day, and in my rush to get} A out, I lost my bridgework, which | for your ow I obtained through VA because] of a service-connected disorder. Will VA replace it? ; formati meeTmnEe veteran's +. Yes, so long as you produce | benefits may have ther questeems affidavits explaining the condi- | answered by contacting the near tions of the loss. The affidavits est VA office) Mrytland Cates, Inner Guard; Neil Shea Chaplain; Kingman G.| Your Grocer SELLS That Good Curry, Organist. ‘A committer in charge of ax-| STAR * BRAND composed rangeemnts is of Elks eer 2 e| SC” COFFEE eg ry ay Crnahess, Ray Atwell, and Alyn] _ TRY A POUND TODAY lor evens AND ANSWERS (icce Must I onswitge. oe ae wo Contract Given Chicago Firm Ai Special Meeting Without Bids City Commissioners last night postponed until Wed- nesday night approval of a maximum expenditure of $3,000,000 for plant expansion of the city electric system. The $3,000,000, or some part thereof; will be used to finance Key West’s new 10,000 KWH steam plant to be constructed on Stock Island. Commissioner C. B. Harvey led the: fight to post- pone decision pending a possible bond refunding pro- ich salvo is equivalent to) gram. ind bombs. Harvey argued that Key West’s intake of $18,000 yearly in lieu of taxes from the city electric system was insignificant in view of the fact that Lake Worth :re- ceived in 1940.$125,000-from their utility and water plant. “And in 1949 thaticity got-$162,999. This will be‘incteased until. at the expiration of the bonds, the city of Laké Worth -will get $933,000 annually from its, utility plant. et — eS The commissioner also ; = : recently paid only 2.594% for -arcgrind ——— rate of ltheir expansion program . when rt deg =. by the | they bororwed some $500,000. the old indebtedness was financ- | This seemingly excessive in- ed for 2.75% here in Key West. | terest rate wil cost the city in And the Lake Worth plant em- | the years to come tens of thou- barking on a plant expansion | <ands of dollars. Had Key =] 1. Don’t touch aity. wires. 2. Don’t touch trees_or is paying only 2.7% for their finance about money borrowed. eaessne re x mage Investment Company John Nu- = aetna or: hans S— veen’s, Frank Carr. was familiar = with the Lake Worth plant. And} easily Saved many mills of taxes Dr se L presented the other side of the during the life of the bonds. aft Offic: J When talk of breaking the Face Juvenile Picture. Carr said Lake Worth did agreement with John Nuveen ‘Problem Here ADDED START E R_paul Hoffman (left), former ERP head and honor guest at the German Industrial Fair in Berlin, signs his card for “Marshall Pian” long distance toy balloon race. NEW YORK _ NEW ORLEANS" FAST, DAILY SERVICE i; CALL 1780 their original finacing with bond- company was made, City Attor- ney M. Ignatius Lester stated that consideration had already. passed and he did not» believe that the’ contract coyld be broken. ed money and are doing their ex- pansion with borrowed money. The investment firm's represent- ative said that the local city ele- tric system had poured around $1,000,000 back into plant expan- . i sion from earnings. . . . view of the fact of the dis- Carr’s statement on how Lakef®#! isfaction wai tS confrext red Worth is able to receive a 2.7%{ existing with “the gohn Nu- interest rate on second line morgs|¥een eompany—officials of that gage while Key West can manage|Coneetn should allow the city to only 3.45% fell on deaf ears. * |ask for bids on the epproximate Carr’s talk summed up wias $3,000,000 loan. simply that Lake Worth’s utility] Key West official and taxpay- was a better investment than Keyjers may feel if held to the con- West's. tract that they have been given The fact that the city of Key|a pretty rough deal. 3 West has to borrow its money a‘ This Wednesday night, the city 3.45% while some of its residents|will get an answer to their prop- can borrow on 4% and lower isjosition from the John Nuveen seemingly inconsistent. compan) The interest bid given to John Nuveen company was done | James R. Garfield of Cleveland, without bids at a special meet- jlawyer, onetime secretary of in- jterior, a President's son, born in iram, Ohio, 85 years ago. NATIONAL Airlines mroe County’s school board