The news-review. (Roseburg, Or.) 1948-1994, October 11, 1949, Page 9, Image 9

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Diving Bird
HORIZONTAL
1 Depicted
feathered
creature
7 It is
bird
13 Come
14 Reviser
15 No (Scot.)
IS Girl's name
18 Greek letter
19 Preposition
2 Astronomy
muse
3 Anger
4 Kings (ab.)
5 Always
Network
7 Consider
J Unoccupied
tVerb
intra nsitive
(ab.)
10 Follower
40 Made creamy 1 1 Observe
22 Heredity unit "ales
23 Place 17 Laughter
25 Contest of sound
speed 20 Fastener
27 Injure 21 Traps
28 Greek (od of
war
Whirlwind
30 Depart
31 Atop
32 Chaos
31 Entranced
35 Domestic slave
38 Otherwise
39 Rip
40 Indian
mulberry
41 Shapes again
47 Tantalum
(symbol)
48 Owing
50 Bristles
51 Pronoun
52 Printing
mistakes
S4 Take from
58 Be sorry for
57 Eats away
VERTICAL
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Answer to Previous Puzzle
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24 Soldiers
26 Waken
33 School book
34 Entice
36 Inborn
37 Expunges
42 Italian town
43 Flesh food
44 On time (ab.)
45 Burden
46 Ruminant
49 Unit of energy
51 Secreted
53 Area measure
55 ArtiAcial
language
By Hershberger
IW IY MCA HlVICf. IMC T M'tTC HT Off
Tuet., Oct. 11, 1949 The News-Review, Roseburg, Ore. 9
I MODEST MAIDENS
I Tratavk ImM U I hMI Din
I lite
J
'OU tfJOvV, IVe DKCOVERED IT4 THE LOrJ6 ISLAND I
LIKE, NOT THE DUCKLIUS
FROM NINE TO FIVE
Ioj ,i ( iiave to get up
on the table the
I r
By Jo Fischer
gentlemen. Just put you
feet
way you usually do.
By Chic Young
By Al Coop
Social Security Fund Permits
Uncle Sam To Build Reserve
Fund That Earns Bond Profit
By JAMES MARLOW
WASHINGTON UP) Do you
social security tax you pay into
There are arguments over how
there is no sign that the present
The arguments will be outlined
briefly here. Hut, first, here is
the background.
If you're covered by the pen
sion plan, you and your boss each
pay yearly one percent of your
salary up to the first $3,000.
That's a total of two percent
you and your boss pay. The gov
ernment now Is collecting yearly
about S1.8D0.000.000 that way.
Out of that, it's paying yearly
In pensions and other benefits
about $700,000,000, leaving a year
ly reserve of around $1,100,000.
000. Since 19.17. when It first started
collecting this tax. the Social Se
curity system has built tip a re
serve of around $11,700,000,000.
The money doesn't lie Idle. Con
gress said it should be invested
In government bonds, which now
pay around 2 1-8 percent Interest.
So the Social Security Reserve
fund, invested in those govern
ment bonds, is earning money. So
much for that for a moment.
The government has a debt of
$255,000,000,000. It got into that
debt mainly in the war and de
pression days.
That's w hen the cost of running
the government far exceeded the
money It was able to collect,
mostly in income and corporation
taxes.
So, as it got further and further
Into debt and needed extra mon
ey to keep going, it borrowed
money.
It did the borrowing by selling
bonds to banks, life insurant ?
companies, you and me, and to
the Social Security Reserve fund.
On all the bonds it sold, oi
course, including bonds sold to
the Social Security Reserve fund,
the government must pay inter
est. .
Double Taxation Apparent
So the government has a double
Job in handling that debt: to pay
off some of the debt while at the
same time paying Interest on it.
The man and his employer who
pay a total of two percent social
security tax on the man's first
$3,000 of salary, also pay income
taxes.
And part of their income Is
used for paying off some of the
interest on the debt including
the interest on the government
bonds bought by the social secur
ity fund.
Crllics of the present system
say this is double taxation. They
suggest that the old-age pension
plan be placed on a pay-as-ou go
basis, which means:
Instead of collecting enough so
cial security taxes every year to
pay out social security benefits
for that and still have enougn
left over to build up a reserve
that can be invested in govern
ment bonds, the government
should collect yearly from the
people in old-age pension cover
age enough money to pay the old
age pension expenses for that
year.
Those In favor of the present
system argue If the government
had borrowed from banks or oth
er privale organizations, by sell
ing them bonds, the government
would have had to pay interest
Lets
Seeta Soto
CORKRUM
114 N. Rote Street,
DE SOTO-PLYMOUTH
ever wonder what happens to the
the old-age pension plan?
that tax money Is handled. But
system will be changed
on them anyway. So part of the
income tax money paid bv peo
ple who also pay the social se
curity tax would have had to be
used in paying off the interest on
the bonds no matter who had
bought those bonds.
Richtcra Movo From
Camas To Roseburg Home
Mr. and Mr. Ralph Rlchter
moved over the weekend from
C'amaa Vallev Into their new
home at MtO N. Stephens St.
They spent the last five months
at their Camas Valley home
while i1r. Rlchter was engaged
White, In the operation of the
with his son-in-law, Wilmer
Rlchter and White sawmill, nine
miles west of Camas Valley on
the Signal Tree road.
The mill has been closed for
the winter season, Mr. Rlchter
reports, and machinery and
equipment is being prepared for
the long shutdown. Operation
will be resumed in the spring.
The plant is on a high eleva
tion where winter snows often
reach eight feet in dept. limit
ing the operating season to about
five months of each year.
PIANO MOVING
We're tpecialittt at this.
Modern equipment,
quick service
ROSEBURG TRANSFER
& STORAGE
Phone 927
ACINTS FOR
IONS DllfANCI MOVINO
OS ICONOMT-llI US
MAN01I All 0ITAI15
Th Sot Cm Mom
frnt'lhar Sedan
you drive without shifting!
.Ttt'
Mock Gun Dutl Of Boys
PORTLAND. Oct. 10 VP)
A playful duel between two young
brothers Saturday caused the
death of an 8-year-old by gun
shut. County Fireman Donald Young
was among the first aid crew
man who rushed to the home,
where Young discovered the vic
tim was his own son, Michael
Lee.
Eleven -year-old Donald Young
Jr. sobbed out the familiar storv
of playing cops and robbers. He
Fluff-dry
a washer load of
clothes in
20 minutes
; 95
X k. -
Frigidaire
Clothes Diyer
S2397S
e-Now, get greater freedom from washday work wtlh" a
Frlgidalre Clothes Dryer I No heavy lifting or carrying , . .
no clothes to hang upl Any 20 minutes of any day It drying
time. Just put in clothes; set the timer and forget ill In IS
to 25 minutes, clothing, towels, sheets, chenille robes or
spreads, bath mats come out soft, fluffy and tweet smell
ing; either damp-dry for Ironing or bone-dry for Immediate
use, as you prefer. And It't all done automatically. See a
demonstration of this Frigldaire Clothes Dryer todayl
UMPQUA VALLEY APPLIANCE
120 W. Oak ' Phone 121
before you decide!
""""J -Tyro matter what car you may have thought or
"" IN buying.. .see this wonderful De Soto before you
decide, e will show you why it offers yon more
comfort, convenience snd value for your money than
any other car . . . rrgnnllea of price. Strong words.
But we're ready to prove them to youl
Come in and see "The Car Designed with YOU in
Mind." Come in and see a car that is truly modern
without lieing freakish . . . that gives you more head
room, leg room and arm room ... not Uss. Come in
and see what real visibility means. And see how seat
springs can be tailored to your weight.
Come in and diicover the miracle of De Soto's
Tip-Toe Hydraulic Shift and gyrol Fluid Drive. Let us
show you the dozens of extrs-value feature that no
other car can match. Then decide!
MOTORS
Roseburg, Oregon
SALES AND
Ends In Death Of On
had picked up a .38 caliber pis
tol and aimed it at his younger
brother while they romped in
mock duel In a bedroom. The
mother had gone shopping.
WINDOWS
DOORS FRAMES
PAGE LUMBER l FUEL
164 E. 2nd Ave. S. Phone 242
Easy Terms
fTW D Soto Cm Hi-
CkkCmpu
SERVICE