J!
Liana Cannatelli
Engaged
To Joseph Urciuoli
ing in the United States Army.
An engagement party was held
at the Boundbrook Inn Restaurant
in New Jersey.
PTA In Action
Mr. and Mrs. Anthony Cannatelli of 5 Holly Court, Massapequa Park, announced the engagement of their daughter, Liana Joyce to Joseph Gerald Urciuoli, son of Mr. and Mrs. Joseph
Urciuoli of Bayonne, New Jersey.
Miss Cannatelli is a graduate
of Massapequa High and is presently employed by Chase Manhattan Bank in New York City. Mr.
Urciuoli attended St. Peter's College in Jersey City and is serv-
"Gabriel Ghost" will be presented by Maximillian Productions under the auspices of the
Unqua Road PTA on Saturday,
January 9 at 2 p.m. at the
Berner J r . Sr. High School Auditorium.
Admission is $1.
A student panel discussion entitled "Children Speak-Parents
Listen" will be presented at the
Mill Lane Junior High School
PTA meeting by Dr. Alex Antwarg and Dr. Nicholas Massa,
psychologists of District #22 on
Wednesday, January 13 at 8:30
p.m.
We have
A Fine Selection of
Wines, Cordials, Scotch, Rye and Bourbon
C A L L FOR
FREE D E L I V E R Y
CH 9-1176
L i e N o . L. 1172
200 FULTON ST.
Ted's Liquor
Store
CHARLES L
GRAMPP
(Prop.)
FARMINGPALT
A Look At The Credit Situation
Although Americans are going
deeper into debt at the household level, and the rate of r i s e
has been of growing concern, the
picture is not all black. For
most Americans, credit means
have not -pay later. A recent
survey indicated that only 19
per cent of all families had never
had or used installment credit.
Among young families with small
children, only 11 per cent of the
families reporting said they had
never used installment credit.
While credit means sales, particularly if you talk to retailers,
credit also means debt. It means
a current commitment to use
future income to pay for past
decisions.
Never before have people owed
so much, or had so much of the
nation's disposable income tied
up in debt repayments. Ten
years ago the consumer debt
was 108 billion dollars. It is
estimated that by the end of 1964
it will be 260 billion. Installment debt is up 142 per cent over
1954 and home mortgage debt
150 per cent above the 1954
level. In amount, mortgage debt
has been outpacing both installment and non-installment consumer debt.
Along with the rapid increase
in the debt picture,
home
mortgage
foreclosures
and
figures for non-business bankruptcies are showing a sharp
rise. As of June 1964, the number of non-business bankruptcies
showed an 11 per cent increase
over the preceding 12 months.
Even though New York State is
one of the most populous states,
it ranks 8th in the number of
such bankruptcies.
However,
there are some
bright spots. Debt is low compared to consumer assets. The
National Consumer Finance Association reports that for every
dollar we owe, excluding home
mortgage debt, we own $21.50
in assets.
And for the most part, the
people who are using credit are
Compare
Auto
Insurance
Rates...
You'll
Switch!
those who are most able to repay
their debts. Higher income segments of the population are using
more installment credit than they
did in the past. Almost 40 per
cent of the families with incomes
of $15,000 or over have installment debts.
However, it is the young household heads, those under 45,
married, with children, who a r e
carrying the major installment
debt burden. This is true in
numbers having debt, size of debt,
and high repayment ratios. Fortunately this is the age group in
our population most apt to be in
good health and steadily employed. However, it is also the
group that is increasingly being
called on to contribute to the
maintenance of those who for lack
of motivation, education, health,
or other reasons, are not as
productive. The very young
family head is prone to have
installment debt and it takes a
good chunk of the family's income. Thirty per cent of all
the heads in the 18-24 age group
were paying 17 per cent or more
of their last year's income on installment debts, a survey showed.
Prepared by Gloria I. Barry
Assistant County Home Demonstration Agent
of the N a s s a u County Extension Service
OBITUARIES
EDITH E. DELEVANTE of 147
West Shore Drive, Massapequa,
a resident for 15 years , passed
on at the age of 79 last Sunday.
She was born in Australia.
August 30,1885.
She is survived by her husband, Chauncey.
She is also
survived by three sisters living
in Australia.
Christian Science services
were held at the Powell Funeral
Home in Amityville on Tuesday
night.
JOSEPH S. HENRY of 90 South
Day Drive, Massapequa passed on
last Tuesday. He had been a
resident here for 18 years.
He is survived by his wife
Oline Henry, and two children,
James and Ira.
Christian Science services
were held last Thursday at the
Powell Funeral Home, Amityville.
CHARLES
VANDERVOORT,
age 45 of Massapequa and Captain
of a Sheepshead Bay fishing party
boat, passed on Sunday in the
Veteran Administration Hospital, Fort Hamilton, Brooklyn.
He was active in the Junior
Naval Cadets of Massapequa and
a member of the South Bay Masonic Lodge of Massapequa.
The deceased was born in
Brooklyn and lived in Massapequa
at 239 West Avenue.
He is survived by his wife,
the former Gloria Wrege, a
daughter, Jacqueline, two sons,
Kevin and Edward, his mother,
Ellen Vandervoort of Bound
Brook, New Jersey and three
sisters and a brother.
Ethel Blanche Bloodgood of 111
Willow Street, Massapequa Park,
passed on at the age of 68 on
New Years Day, after a lengthy
illness. The deceased was born
in Brooklyn.
Funeral arrangements were
made by the Massapequa Funeral
Home.
MAMIE REMSEN WREDE of
Michael F . Cooke of lGlouster
206 Pacific Street, Massapequa Road, Massapequa passed on this
Park passed on after a sudden Monday at the age of 76.
heart attack at Meadowbrook
The deceased was born in I r e Hospital this Sunday.
land, November 26. 1888.
He is survived by his daughter,
She was married to the late
Maureen
Riordan
and three
Frederick Wrede.
She is survived by her son, grandchildren.
Frederick and two grandchildren.
Services were held on ThursServices were held at the day, January 7 at 2 p.m. at the
Powell Funeral Home, Amityville Powell Funeral Home, Amityon Wednesday.
ville.
SUNRISE
HICWWAY
E. MASSjkFEQUA
fSWlMi.
Interested in s a v i n g money? T a k e one minute right
now and compare E m p i r e ' s low c o s t auto insurance
with your present r a t e s * You may find you are paying much more than you s h o u l d !
^
With Eippire
Mutual
you receive
a 15°/o
discount.
T h i s is in addition
to the 70% discount
a l l o w e d to
e l i g i b l e drivers under the Safe Driver P l a n s in use
by Empire and many other c o m p a n i e s . A n d , you get
both r e d u c t i o n s — nearly
25°7o — in advance!
You >
d o n ' t have to w a i t a year to get back your
o w n ^
money. (Own a compact?
- t a k e another 7 0% advance discount from the rates shown.)
BEDDING CLEARANCE!
Group -'- 1 - Famous make INNERSPRING MATTRESS AND MATCHING BOX SPRING Hotel
type bedding with pie-built border, sturdy ticking, strap handles, air vents, Twin size, 39". wide.
Comp. 49.95 value
Empire rates not only start l o w , but they stay low.
Most companies increase your r a t e s even (or a
minor a c c i d e n t . Not E m p i r e . . . m i accident
Ions ol
$100 or undur does not alloct
your Empire
rates.
N e i t h e r do c o l l i s i o n or medical payment l o s s e s .
New York residents insuring w i t h Empire are guaranteed against
cancellation
lor live years — even
w i t h a number of a c c i d e n t s - under E m p i r e ' s C e r t i f i e d 5 - Y e a r R e n e w a b l e endorsement, as long as you
and the members of your family abide by the law
and the terms of the p o l i c y .
Important, t o o , are the personal services of Murray
T u c k , I n c . w h i c h are yours when you insure w i t h
Empire* H e g i v e s you i m p a r t i a l a d v i c e and represents you when you need h e l p .
Rates
are lor minimum
requirements
.under
New
York State law lor 1—AO class ilicat ion,
10,000/
20,000 personal
injury,
$5,000 property
damage
and
uninsured
itiotorlst
coverages.
All rates are
alter
discounts.
An additional
10% discount
is given
on
compact
cars. Empire
Mutual
Insurance
Co.,
New
New York,
N.Y.
Rates that start low and stay low, coverage that is
guaranteed for 5 y e a r s a g a i n s t c a n c e l l a t i o n * personal s e r v i c e s of Murray T u c k , I n c . , and f a s t c l a i m
s e r v i c e * • . t h e s e are the r e a s o n s why more people
insure w i t h Murray T u c k , Inc. every year* Why not
join them and save for yourself?
MURRAY TUCKINC CH 9M90
108 CONKLIN ST.
FARMINGDALE
Page 8
Group # 2 . MULTI TUFT INNERSPRING MATTRESS AND MATCHING BOX SPRING 10 year
•guarantee against structural defects. Heavy
woven ticking, strap handles, air veers. Deluxe
quality twin size • 39" wide. Camp. 69.95 value
Group # 3 • DELUXE QUILTED INNERSPRING
MATTftfiSS AND MATCHING BOX SPRING. Fall
or rwta. Quilted foam tapper. 10 year gaaraalee. All luxury derails. Coesp. t t . t l value.
87
34
87
44
87
64
TWIN
OR
PULL
Farmingdale OBSERVER Thursday, January 7, 1965