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Page 4 Section 2
THE CAPITAL JOURNAL
Salem, Oregon, Thursday, January 3, 1957
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: i
BUSINESS MIRROR
Industry Has Considerable at
Stake in New Congress Meet
Bj SAM DAWSON
NEW YORK OB Businessmen
will have considerable at stake in
the new Congress starting work
tcday everything from atomic
energy to tight money and from
taxes to tariffs.
Plenty of fights are brewing al
ready over such disputed issues
as foreign aid and legislation on
mergers matters of first im
portance to many industries.
Some of the battles will be over
matters left unsettled by the old
Congress. Some will be heightened
by the events this fall in the Mid
dle East and Eastern Europe.
In most of the perennial ques
tions business looks for the final
decisions to be along the lines laid
out in the last Congress, sine
there is little change in makeup
a Republican administration work
ing with a fairly conservative co
alition in the Congress.
Hopes for tax cuts for business
seem dim as Congress convenes.
The 52 per cent tax on corporate
Income is due to drop to 47 per
cent April 1. Increases in excise
tax rates voted during the Korean
War are also due to expire on
that day. But In both cases the
chances now eem to be all for
another renewal.
Federal aid in harnessing the
atom for industrial use is expect
ed to be hotly debated. So is a
measure that would make it nec
essary for parties to a proposed
merger to notify the government
of their Intentions first.
Tight money policies will be as
sailed from several angles prob
ably. Contractors can be expected
to urge Congress to make easier
credit available to home builders.
Champions of small business say
they will ask a return to cheaper
money.
Even the basic Issue whether
the Federal Reserve Board
should be brought under control
or guidance of the administration
or Congress may come up on
Capitol Hill.
The debate on foreign aid will
take a new turn, thanks to the
Suez Canal blocking and the re
quest or Western European coun
tries for help, particularly In get
ting oil.
At the same lime, a number of
industries that feel they are be
ing hurt or threatened by foreign
competition will seek new or more
protection.
Nearly half of all United State
resident! and 60 per cent of
Canada s population live within
500 miles of Buffalo, N. Y.
440-Volt Jolt
Kills Worker
EUGENE OH Raymond E.
Jack, 46, grabbed a hot wire
while repairing an overhead crane
engine at the Lane Veneer plant
Wednesday night and was killed
by a 440-volt electric shock.
Jack was the father of three
children.
Other workers said they be
lieved Jack was frozen to the wire
for about a minute before they
saw him and shut off the power.
Death Claims
' Nig Borleske
WALLA WALLA (fl A heart
attack Wednesday claimed the
life of Raymond V. (Nig) Bor
leske, who served as head coach
at Whitman College here for 30
years. Borleske would have been
70 next Tuesday.
Born in Albert Lea, Minn., Bor
leske became athletic director at
the old Broadway High School in
Seattle in 1912 and was appointed
Whitman coach in 1915. He re
tired in 1945.
From 1948 to 1954. Borleske was
mayor of Walla Walla and at the
time of his death he was the man
ager of the Marcus Whitman Ho
tel here.
Survivors Include his wife, Mig
'Not a Chance'
Of Income Tax
Cuts This Year
Small Business Relief
And Excise Levies
Drop Likely
WASHINGTON W Higher
government costs and an antici
pated record peacetime Duoget an
but ruled out any general income
tax reduction action in the Con
gress session opening today.
Although some pressures for in
dividual income tax relief were
expected, the consensus of key
members of the tax-writing House
Ways and Means Committee
seemed to be: "Not a chance."
This, however, did not fore
close the possibility of some re
lief for certain groups of taxpay
ers. Bipartisan support has de
veloped in Congress during the re
cess for some revision of business
excise (sales) tax laws and for
tax aid to small business men.
The big block to general individ
ual and corporate income tax cuts
is the 1958 fiscal year budget due
to be sent to Capitol Hill by
President Elsenhower later this
month.
Congress expects It to put fed
eral spending requests at around
72 billion dollars for the year
starting next July 1. ,
This would be the largest budg
et ever sent to Congress when the
natio was not at war. It would
leave little room for any sizable
reduction in tax revenues, despite
forecast of a treasury surplus
oi as mucn as si, 700,000,000 dot
lars.
The Treasury steadfastly has
uppusea iax reaucuon tnis year,
contending it cannot be accom
plished without serious loss of
needed revenue. And the Prpci.
dent's economic advisers are un
derstood to oppose such action be
cause of Inflationary pressures.
Ffnr nf tnnrhinir nft a ti&.u in.
flation spiral through untimely
iax cuis also nas been voiced by
intluential House Democrats.
While Conffrpsx in pynwtpri tn
leave unchanged present income
iax rates, a numDer ot selec
tive changes in the tax laws are
in th mnlrintf Thaea mm, n.l
cause any important net change
in tax revenues.
TRUCE BREACH CHARGED
HONG KONG OR PeiDine ra
dio reported today that armistice
inspection teams had accused the
United States of violating the Gene
va armistice by "illegally send
ing personnel and materials to
South Viet Nam between Decem
ber 1955 and July 1956." There
was no immediate confirmation or
comment from other sources.
Canada, India and Poland supply
the truce inspectors.
U. S. DEATHS
By TH ASSOCIATED PRESS
CROTON, Conn. UV-Vice Adm.
Wilson Brown, 74, naval aid
to Presidents Coolidge, Hoover,
Franklin D. Roosevelt and Tru
man, and a former superintendent
of the Naval Academy, died yes
terday.
OREM, Utah m Dr. Leroy E
Cowles, 76, president of the Uni
versity of Utah from 1941 to 1946
and associated with the school
since 1914, died yesterday. He was
born in Chester, Utah.
PHILADELPHIA OR Robert
E. P. Sensenderfer, 73, drama
critic and retired sports editor of
the Philadelphia Bulletin and with
the newspaper since 1905, died
yesterday.
ALBANY, Ga. Ifl William
Chapman Potter, 82, retired New
York industrialist and banker,
died yesterday. He was born in
Chicago.
DANVERS, Mass. W Dr. Er-
win F. Lowry, 65, prominent in
the field of Illumination, manager
of the research engineering lab
oratories of the Lighting Division
of Sylvania Electric Products, Inc.
died yesterday. He was born in
Ridgcway, Mich.
DOCTORS
.KNOW
bMt fitTOOf chlld'i
dtiTrjit todajl
ST.J0SEPH
aspirin
FOR CHILDBED
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I' V v
Reg. 22.95
COAT CLEARANCE
All wool coats In sev
eral beautiful styles,
lined.
LADIES DRESS
CLEARANCE
Asiorted styles and
fabrics. Broken sizes.
Ladies'
Nylons
Special Buy!
51 guage 15 denier
At only one-half the
price. Selected irreg.
2 p, 97'
Main Floor
Values fo
$3.98 Now
1.99
Main Floor
Children's
Leather Shoes
Boys' snd girls' lis 8V4-J
Several ttylos
Values
fo $3.99
1.27
Basement
LADIES' BLOUSES
Values to 298
Assorted fabrics 32-38
Now
Only
1.47
Main Floor
LADIES' BLOUSES
Broken sizes Sanforized
cotton Reg. 1.00
L 77
mm
B ,v VWH irsjciil
PRICES SLASHED! BIGGEST SAVINGS EVER
v.
J MAIN FLOOR
STAMPED PILLOW CASES
2,o,$l00
High count percole
Values to 69c eo
MAIN FLOOR
UPHOLSTERY SQUARES
Cuts from
yardage to 3.98 ta.
SEOND FLOOR
17'
Infants Corduroy Crawlers
Gripper snap crotch OO
Many colors. Reg, 1.98 Wr
MAIN FLOOR
PLAID SHEET BLANKETS
60x76 Deep nap
and coiy warm
SKCONO FLOOR
99'
Ladies 100 Wool
PLAID JACKETS
Exactly like others priced $
much higher. Reg. 10.98
8.98
MAIN FLOOR
MENS SHORTS
Several styles.
All woshfast colors. Reg. 69e .
BASEMENT
29'
ENAMELWARE
Wasrebaskets, bread boxes
pots, pans, kettles. Values to 1.98
BASEMENT
57'
LADIES SLIPPERS
Felt slippers at a
real saving price
BASEMENT
P, 47'
GARBAGE PAILS
Small utility
pails. Galvanized. Reg. 2.39 .
BASEMENT
SOFA - DAVENO
SLIPCOVERS
99'
tWkdoths, sailcloths.
Values to 21.98
6.98
BASEMENT
Yardage Clearance
Assorted
Fabrics
Big group of
prints and solid colors
that must go.
Values to 49c yd.
Some irregulars
Sanforised
SUEDE
FLANNEL
Ideal for tewing
of warm cory
shirts and robes
Values to 59c yd.
Second Floor
I
37:
m
4 i xr i
all steal adjustable
IRONING BOARD
Smart savings on s sturdy board that prom- f C Q C
Ises years of service. Easy to adjust for any 7 J
standing or sitting height. With rubber-tip-
ped legs. Reg. $7.95. tj oft
BASEMENT
SHADE
CLEARANCE
A whole counter of
asst. styles,
fabrics - colors
One Group fl"
Val. lo $1.00TW
One Group QQ
Val. lo $1.980
One Group $127
Val. to $2.98 A
One Group $1 99
Val. lo $4.98 1
BASEMENT
i... I .1
ASSORTED STYLES
PIN-UP LAMPS
Stylei lo grace the holt,
rumpus room, ony bedroom,
the dining room or kitchen.
Quality made. c- qq
Values to 2.98 1
BASEMENT
TOY CHESTS
Leathtrte Covering
Reg. $9.95 $77
Large Size w
BASEMENT
-YV 11-Diamond f?j-iyj77 1
gBridal Pair -r 1 1!
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10VEMATES" Carved gold
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I !' I I ladiM' watch hai 40-
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Anti-magnatie man'i watch with TVr
and shock mil tint. Bjg
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m NOW 195 icoo M
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Open Mondays I
Fridays to 9 P. M.
305 N. LIBERTY
Rag. Store Hours
9:30 A. M. to 5:30 P. M.