Psft 10
THE CAPITAL JOURNAL SaJem, Oregon
Thursday, August 27, 19SS
Old Nan Oregon s Far
From Doing Strapped
1; i. L UNDBECK
Salem . t Old Han Oregon
nay not be as fliuh as he was
few yean back when he was
atruttiog around with more
than $60 million In spar
change in hi pocket, but he
la still long way from being
broke.
This, too, in spit of oft re
peated predictions of possible
deficit In the, state' general
fund.
The state tax levy for this
year makes no provision for
tax on property. Neither is
there any likelihood of prop
erty levy for (tat purposes
next year.
In fact It la entirely possible
that the state will escape a
property levy for another
year or two beyond the cur
rent biennlum unless the na
tional economy takes a sudden
nose dive, carrying Oregon's
economy down with It
The tax levy for this year
snows that the state had an
uncommitted cash balance of
$44,397,622 on July 1. That's
the beginning of the new fis
cal year. More than $40 mil
lion of this "actual balance"
was accounted for by Income
' and excise tax monies.
The research division of the
tax commission estimates that
the state will end the fiscal
year with a balance of slightly
under $25 billion.
If that estimate holds up it
wui mean mat tne state is liv
ing way beyond Its means
spending nearly $20 million a
year more than It Is taking in
But it will be remembered
that two years ago It was re
ported that the state wa spend
ing at we rate or 10 million dol
lars a year more than Its In-
come, yet its cash balance in
creased by nearly 9 million in
183Z over 1831.
Again, the tax levy for 1921
02 estimated that the balance
at the end of that fiscal year
woum do i30,ouu,uuo. But the
actual cash balance when the
end of the year rolled around
was $44,300,000, up nearly 10
million over the estimate.
Furthermore, in computing
anticipated revenues for this
year the Tax Commission has
estimated collections from the
income and corporation excise
levy at only 48 million. That
is 14 million under actual col
lections last year.
Understandably the commis
sion, having once burned its
fingers with a too optimistic
estimate, much to the financial
embarrassment of the state, has
ever since been very conserva
tive in its guesses a to how
much money the state Is going
to take in from it various
sources. So that, if past experi
ence can be taken as a criterion
for what may be expected, the
state could well end the cur
rent year with considerably
more than the presently esti
mated $29 million balance.
But even this amount will
be more than enough to carry
the state through 1954-85 with
out levy against property and
leave a sizeable balance on
which to start the next year.
There are, however, tome
straws in the economic wind
that might indicate that Ore
gon, along with the nation as
whole, ha reached a pros
perity peak and Is now on the
way down.
Personal income and corpora
tion excise tax collections last
year totaling $62,200,000 were
nearly $2,700,000 under the
previous year' total. '
While salaries and wages
were higher last year than the
year before profits realized by
many small businessmen were
down. This was particularly
true of farmer and email op
erators in the logging and lum
bering industry. The decline in
the profits of these individuals
more than offset the increase
in salaries and wages and ac
counts for the substantial re
duction in personal Income
taxes based on 1952 incomes.
In justifying its somewhat
pessimistic estimate of tax rev
enues for the current fiscal year
the tax commission points to
two factors as contributing to
this expected decline in collec
tions: statutory changes made
in the tax laws by the last leg
islature, and reduced earnings
from two of Oregon's most im
portant industries agriculture
and lumbering. ,
Touching on changes made
by the last legislature the com
mission points out that this leg
islation "was principally aimed
at lowering the tax bills. of
one or more groups of individ
uals or corporations." Exam
ples of this include changes in
personal exemptions and de
pendency credits, exclusion
from the corporation excise tax
of foreign corporation whose
activities in the state are con
fined to purchases of personal
property, and the broadening
of the so called skyscraper
clause.
Apparent continued decline
in lumber profits was taken
into consideration by the com
mission in anticipating a still
further reduction in corpora-
ton excise tax revenue.
Prospective changes in fed
eral tax laws are not expected
to materially affect Oregon col
lections from either tax.
In short the Tax Commis
sion, although taking a look at
the future revenue picture
through glasses that are blue
rather than rosy, is keeping its
fingers crossed. It is hoping mat
it may be wrong and mat ure
eon's collections from income
and excise levies will continue
high for some time to come.
Clear Lake
Clear Lake School will
open here Sept. 14 with the first
full day of classes on Tuesday.
The new room is nearlng com
pletion and will be ready to
house the sixth, seventh ana
eighth grades. Their teacher
will be Miss Grace Klampe.
The old building -has been re
painted Inside and out
The third, lounn ana imn
grades wil be assigned to the
only new teacher, Mrs. Inez
Cannoy, unless heavy enroll
ment in some grades snouia
cause a change. Airs. t,annoy
is now residing at Keizer and
she taught last year at St,
Paul.
Mrs. Ruth Hancock, primary
teacher. Is returning. About 15
first-graders are expected to
enter school. Their parent arc
reminded that birth certificates
and health examinations ere
necessary.
The school band, under the
direction of Roy Shelton, will
be reorganized, probably with
Buena Crest.
On the school board this year
are Homer L. Goulet, Clifford
Orey and George Landrith, and
Mrs. Jack Crispin is clerk.
Howard Johnson, son of Mr.
and Mrs. Fred Zeeb, who suf
fered a broken leg in an auto-
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DELIVERED IN SALEM
Why take bea when thla low price buy the aire,
beauty and performance of Pontlac Special 4-Cyl.
Two-Door Ssdanr Stat and local taxes, if any,
license, optional equipment and accessories are
extra. Pries subject to change without notice.
Price may vary In surrounding communities due to
transportation differentials.
DOLLAR FOR DOLLAR YOU CAN'T BEAT A
Kelly Owens Pontiac Co.
M North UbMty St. UUm
bicycle collision last January,
nas undergone surgery on the
Ueg. He is not expected to be
in the hospital long, but will
have the leg in a cast when he
returns home,
Mrs. Harvey Evans has re
turned from Guadalajara, Mex
ico, where she attended a seven
weeks' summer session in folk
lore, music, art, and Spanish.
There were 128 student from
the United Sttaec in her class
es. While there, she lived in a
hotel and report an enjoyable
summer. She made trips to the
Pacific ocean, almost to the
border of Central America, to
Mexico City, and by air to Vera
Cruz, on the Gulf of Mexico.
Mr. and Mrs. Harvey Evans'
daughter, Mrs. Ray Stayner.
and their grandmother, Mrs.
vern juoore with, her son Mi
chael, all from Bremerton,
Wash., are visiting here this
wees:.
Mrs. Reta Wheeloclc. Los An.
geles, wil arrive Aug. 30 for
10 days visit with her sister,
juts. Armur jsvans.
The Rev. Vernon Zornes,
who, with his family is visiting
In the community, will deliver
the sermon at the Clear Lake
church Sunday, morning, Aug.
30. That evening he will preach
at Labish Center church.
0. C. Locks fo Be
Closed for 3 Weeks
' The Willamette Falls lkl
a, uregun mj wui be closed
to through navigation between
me nours of 8 ajn. and 4:30
P.m. Monday throueh Frlriov
for a period of three weeks
wmcn began Wednesday.
This announcement was
made by Col. T. H r.)
Portland district engineer for
orPS oi Engineers, who
Storm Halts
Bean Canning
Albany While the rain of
the past few days has been wel
comed by livestock (rowers
bean grower have been hard
hit In this area.
Rainfall of Monday and
Tuesday drove bean pickers
from the fields in such num
bers that receipts at the two
local food processing plants so
dwindled that operation have
been baited. '
The PictSweet plant was idle
Wednesday, but expected to re
sume operations late in the day
as picker were returning to
the picking during the day be
tween showers. The Albany
Food Product Plant ran out of
beans Wednesday and expected
to resume operation Thursday.
The plant, however, operated
Tuesday, on beans and black
berry processing.
The rainstorm raised to .78
of an inch the total precipita
tion here for the last three days
and brought the month's total
rainfall to date up to 1.15
While this is not an August
record it is the heaviest August
precipitation in five years.
WOMAN FATALLY HURT
Oregon City ff) Mrs. Alma
E. Chris tense n, 78, died here
Wednesday from injuries suf
fered when hit by a car while
crossing a street Tuesday
night. -
East Salem
said the closed period is requir
ed to allow maintenance re
pairs to be made near the up
stream entrance. He said that
it Is expected that the locks
will be open to through traffic
by about September 19,
East Salem A late summer
vacation trip is planned bv Mr.
and Mrs. Richard T. Wlcklan
der of Park Ave., and Miss
Amanda Wicklander of Salem.
They plan to leave Salem
Saturday morning for a trip
east that will take them into
northern Michigan to 'Mar
quette on the shores of Lake
Superior and to Escanaba.
where they all were reared.
Mr. Wicklander has not been
back for 40 years. They plan
to go through both Glacier and
Yellowstone parks and will
drive south through Detroit
and home over the south cen
tral route,
They will be accompanied
by Miss Wicklander' guest.
Miss Doris Cochran, a govern
ment nurse from Panama. They
plan on a month s trip.
Guests at the Leonard Harms
home on Sunnyview Ave. Fri
day night were Mr. and Mrs.
Willard Classen from Newton,
Kap. Guests from Saturday un
til Tuesday were Mr. and Mrs.
Pete Reimer, their son and fam
ily, Mr. and Mrs. Arnold Rei
mer and children, Lynne Ro
chelle and Keith, from Bea
trice, Neb. Wednesday dinner
guests were Mrs. Harms i cous
ins, Mr. and Mrs. Henry Nue-
feldt from Oklahoma, and Mrs.
John Ediger, Mrs. Tom Dalke
and Mrs. John Freisen. All out-
of-state guests have been at
tending the western district
conference of tile Mennonlte
churches held at Jennings
Lodge,
Guests the past week at the
Ralph Hein home on Lancaster
Dr. were her uncle and family,
Charles Hubbard, Mr. and Mrs.
George Hubbard and their son,
Jerry from Union City, Mich.
and Mrs. Herbert Crissy and
Albany 4-H'ers
Given Awards
Albany Linn county 4-Hers
undaunted by the downpour
this week during their three
day annual Fall Fair, went
through their pace and in high
spirit received the grand
championship awards which
were presented on both open-
days.
Frank Ellis. RFD I, Jeffer
son, showed the best beef ani
mal In the show. The 1100
pound Hereford steer won out
over some of the finest beef
animals In this territory.
Annabelle Edwards of the
Riverside community walked
away with both of the top hon
ors in the sheep events. She
won the showman champion
ship and also showed the out
standing animal, a purebred
Southdown.
In beef showmanship, Ell-
wood Miller, Brownsville, was
named grand ' champion, win
ning over 14 competitors. Re
serve champion is Doug Gat
chell. RFD 2. Lebanon, who is
also owner of the champion
lightweight beef animal.
The beef reserve champion
ship was awarded to Mike
Layman, RFD 4, Albany, whose
animal also placed second in
the heavyweight division.
In contests Tuesday, three
teams were chosen to compete
at the State Fair. Winners of
the canning judging contest
were three Shedd girls, Ginny
Perkins, Sharon McCormick,
visit relatives In central Ore
gon.
Another Swegle community
home being remodeled this
her son, Mark from Burling- summer is the Quarry home on
ton, Mich. Trips were taken to Lancaster Dr.
and Becky CanneLL and in ad.
dition the dairy and livestock
demonstrations resulted in
chances at State Fair for VioJa
and Ray Ruby, RFD 3, Scio,
and Minnie Swanson and Doug
Gatchell, RFD 2, Lebanon. '
In the swine division Spot
ted Poland China hog shown
by Darlene Wirth, Tangent,
took the grand championship,
and a Yorkshire owned by Vi
ola Ruby, Scio, winning the
reserve championship, in show
manship events Lloyd Jochim
sen, Oakville, was junior cham
plon, and Don Bradshaw,
Shedd, was senior winner, with
Lloyd capturing tne grand
championship.
The show ended with the an.
nual fat animal auction at the
4-H club pavilion Wednesday
night
Estate Probates
Filed at Albany
Albany Probate proceed
ings have been launched in
Linn county to dispose of an
estate valued at approximately
$55,000 left by Josefa S. Rob
erts on her death, Oct. 7, 1951
at New Hartford, N. Y. Accord
ing to the probate petition filed
by the First National Bank of
Portland, named executor in
the will annexed, the estate in
cludes $51,000 In personal and
$4000 in real property.
Another large estate is that
of the late Charles Sagert, who
died June 14, 1953, leaving an
estimated $43,933.83 including
about $17,293.85 in personal
property and $26,640 in real
estate. Mary Larson has been
named executor of the will.
HOME LIFT
Tniuln Mini. UiD When
doctors told Mrs. Hamp Bryson
her heart condition would not
permit her to walk up and
down the steps of her home,
her nephew. James McCarley,
tnnlr an ilH mntar and soma
steel rods and made a bom
elevator.
w Jaw
3
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