THK ’Cnhfire»tlonal Recorrl contained a *ur prviTinR feature on the Wildwood Boardwalk The report leaves little douht that il is the wooden. backbone of area economy Ama/ihgly. upwards of 5^.000 persons use the wooden way daily during the season- Kach person spends an average of W to $12. pet Boardwalk visit It is estimated that four and a half million visitors spend an average of $62 on the

Boardwalk daring their vacation stay The survey feveaIs that a^much as 90% of all shore business is| funneled through the wooden way. Three different surveys in- ' dicatc Boardwalk income at various amounts from 47 to457 million tc ' deed million.' ' nually It in tu i retail sales arc $242 million annually miscellaneou tresfaurants

Mews Notes from The Wildwoods C V Mathis at large

clubs “et a!) of approximately 250 to $300 million annually TIIF BOARDWALK had suffered from benign neglect for 40 years until Com Wilbur Ostrander in 1973 acquired lumber from

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Country Clothing & Knlttory CREW & V-NECK SWEATERS

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FREE MONOGRAM HUGE SELECTION-?-14 LUSCIOUS COLORS

too-/. ACRYLIC •16 00

50% ACRYLIC 50% WOOL* 19 *s Many olhmr Itami 25-30% or mora off

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9t19 THIRD AVINUB

STOW H ARDOR

the Presidential Inaugural stands for Nixon for a bargain fee of $80,000. The $400,000 worth of new lumber touched off a five .year $1.4 million reconstruction program that has festered the Boardwalk for decades to come. Ex-governor William Cahill called “The dedication of Inaugural Walk a historic octasion and a permanent reminder of major events -in the course of American history." ol; MAN WINTER is throwing haymakers, but behind the scenes everything is spring planning for the season of 1982! Hunts Enterprises are spending $12,000 jusfc in transportation costs to bring a new thrill ride from Germany, the “Ranger" to

these shores. It is described as a giant salt and pe|>per shaker with cockpits for 40 people apiece. Riders the the upside-down hill ride of their lives 70’ high in the air. THE LONG awaited opening of “Annie” is slated for June 17th at Hunt’s Ocean Theatre. * > TOMMY HIMES hrt signed the Doobie Brothers as the first of a scries of name act concerts for the Playpen, owned by exPennsylVania State Senator Bob Gerhart at Diamond Beach. Himes has also opened his newly acquired Great Tavern with a posh buffet opening night for the Rreat poWers-that-be, jet setters- and everyday folks. MARTIN SCHWARTZ is moving fast apace with a brand new ocean pier, the fourth in central Wildwood on the site of Starlight Ballroom. It will hmfce an ultra-modern mall of sdven arcades. Moreys are also making major improvements and additions' to\ Mariners Landing. in-»

Sturdier Than Ever.

STATEMENT OF CONDITION DECEMBER 31, 1981

ASSETS

S54.746.626 1,263.379 339.879

rposcs 353.841

First Mortgage Loans.. Savings Account Loans Home Improvcinent Loai Loans for Educational Pi Buildings and Equipment (minus depreciation) ... Prepayments tp Federal 5 Loan Insurance Corporat

Deferred Charges and Other Assets } ... 84,811 Cash and Securities 7.477,664 Total Assets. $65,394,774

LIABILITIES Savings Accounts $59,694,561 New Jersey Mortgage Finance Agency 364,567 Loans in Process . .rv 225,200 Other Liabilities 298,590 Specific Reserves 1.500 General Reserves and Surplus 4,810,356

Total Liabilities $05,394,774

OFFICERS Ellis A. Mixner Chairman of the Board John H. Mead Chairman of the Board John L. Armour, President Fred A. Houston Secretary - 1st Vice President Richard D. Rodgers 2nd Vice President John M. Ludlam Conveyancer Donald A. Gaver, Attorney Betsy Harlan, Asst. Secietary Leonore Donohue Assistant Secretary DIRECTORS Clarence D. Fisher Donald A. Gaver * Carl R. Gratz George T. Harris John M. Ludlam John H. Mead Ellis A. Mixner Robert C. Wilson

Federal Savings ahd Loan Insurance Corp. Federal Home Loan Bank New Jersey Savings League United States Savings and Loan League

clpding the fire damaged section. CONVENTION HALL director Earl • Ostrander will kick off the convention season earlier than usual' with a conclave he snared from Atlantic City, the Grand Lodge-of Free and Accepted. Masons of New Jersey. They will meet here from April 27 to 30. K ason Gfand Master erbert N. Boyd expects 5,000 people (including families) to enjoy their first meeting iir the; Wildwoods. They will require 3.000 motel rooms on the .island. He has promises from at least 20 restourpnts to be open to.handle‘the Masons. The MasOns met in Atlantfc City since 1947 but desired a change due to the casino gaming. Tom D’Arcangelo of Miss Kitty’s Saloon and Dance Hall is pacting name acts for a country western festival on the hforth * Wildwood beach and Boardwalk', for Saturday, May 22 IN A RECENT mag&zijje interview, ex-Philly Mayor James Tate recalled many happy nights dancing at Hunt's Ocean Pier. Prior to , World War II, the Starlight Ballroom atop the pier was freqxierited by many Delawarq* Valley notables and everyday folks. On the frequent coast-to-coast radio broadcasts from the ballrom; the announcer usually opened with “danc- * ing oVer the ocean and under the stars.” A frequent tenant of the bandstand was Woody Herman. Herman has just ‘opened his own jazz club in the Hyatt Regency Hotel. New Orleans. The Thundering Herd will be the house band from midnight. SUGAR RAY LEONARD has been named athlete of the year by Sports II lustrated magazine. Slated for airing soon is his NBC “Sports World" episodes filmed at Wildwood Convention Hall last summer. Leonard announced a Golden Gloves competition in the local arena. He arrived for dinner at the Hof Brau with his entourage of 40 .people, including his own writer. He also hinted to Convention Hall Director Earl. Ostrander that the Boardwalk looked like a perfect jogging path and training center for one of his future bouts. YOU HEAR SO many putdowns of Cape May county, it’s fun to unearth aspects in which we-lead! N.J. Assemblyman Bob ^ Karcher commented: "In Avalon, there is $330,000 worth of real estate behind every kid in school. That’s the highest in the state. That's a lot of property behind oneTtid! And I. understand Sea Isle City and the Wildwoods are not v far behind Avalon in this respect!" ,,, JOE STAMILE. Wildwood city tub thumper and Mark Soifer, Ocean City topper, are engaged in a. tug-of-war for honors as location site of a new $3 million movie. Eddie and the Cruisers, tohe filmed in' late spring. A teenage movie like American Gra//itti. inland scenes will be filmed in Vineland. Stars and locations will be announced anon 20th Century Fox is picking up the Robert Hays movie. "Some Sunny Day." for spring release. It is regarded as a big "sleeper" hit.