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About Central Point times. (Central Point, Or.) 1964-19?? | View Entire Issue (Aug. 17, 1967)
PAGE THURSDAY AUGU8T 17, 1967 CENTRAL POINT TIMES 12 jo . B iç EXPRESS E X F K is a D YOUR iwu OPINION NOW fiw iig j M W How big can our central g o v e rn m e n t get without becoming a self-perpetuating mass of bureaus and admini strative agencies beyond the control of the President, the Congress or the people? Such a government would quickly lose concern for what should remain Its primary role of preserving the fundamental economic and political framework of a free society. Taxes are apparently on the way up, the value of the dollar on the way down, deficit s p e n d in g continues and new proposals abound for pouring more untold billions of tax dollars Into expanded federal programs. Only the people through their votes and expressions of opinion to elected officials have the power to control the size of the federal government. The future of freedom will depend on a majority of the people making their concern and dls- a p p r o v a l felt at the polling places during state and local as well as national elections. THIN-WAU. FOOD FREEZER MODEL CEE 1655 26 CUBIC FEET LOADED WITH CONVENIENCE FEATURES. . . SAVE MONEY ON ALL INSURANCE • 3 Removable Storage Baskets Srrt firm f • 2 Food Storage Dividers • Automatic Interior Light • Shop /ess oft»n • Safety-Signal Light • Propar» M o a lt in advanco Auto • Life • Fir« Truck • Butin««« save money S8VQ • Serve Favorit» Food» Y»ar Around • Buy in Q u an tity at Sal»» • Finger-Touch Lid Latch • Built-In Auto-Type Lock • Safety-Guard Cold Control • Dri-Wall Condenser • 36" High-7 0 " Wide 5 -Y E A R P R O T E C T IO N P L A N . . . AGENT 1-Year Warranty on all parts. 5-Year Warranty on w aled - in refrigeration system —repair or replacement of parts during warranty period — customer to pay labor charge after the first year. 1 . . . COM PANY 5 -Y E A R F O O D P R O T E C T IO N W A R R A N T Y Protection against food loss over $5.00 and up to $200 through spoilage as a result of mechanical failure for the warranty period ...M O N T H L Y PAYMENT I if you wish Ernie R. Klein aowh 220 Eaat Pina S t Cantral Point. Orogon Choose the Norge freezer that’s right for you — upright and chest type models from 10 cu. f t to 26 cu. ft. PAULSEN & GATES H e t . P ia a Caatra!Palai WORKERS TO SHARE COM PENSATION Approximately 35,000 Oregon employers will share in the six million dollar workmen’s com pensation insurance dividend declared, effective Aug. 2nd, by the State Compensation De partment. The dividend is the largest ever In the state for workmen’s compensation. Charles B. G ill, J r ., general manager of the SCD, said this dividend will be paid to em ployers who carried Insurance with the State Compensation Department within the fiscal year 1965-66. Dividend distribution Is sch eduled for August 28th through September 15th. Checks will range from a high of $220,000 to a low of $5. The dividend is approximately 19 percent of earned premiums. G ill attributed the dividend to low administrative costs, high investment yields and favorable loss ratios. The previous high for a work men’s compensation dividend was the SCD’s 1966 distribution four million dollars. ARTHRITIS-RHEUMATISM D o claims and double talk make you doubt you can get any relief from arthritic and rheumatic pains? Get 100 S T A N B A C K tablets or 50 S T A N B A C K powders, use as direct ed, I f you do not get relief, return the unused part and your purchase price w ill be refunded. Stanback Company, Salisbury, N . C. Bus. 664-3351 Ph. MR- U S I YOUR SAVINGS BOND QUIZ a QUESTION: Why aren’t the new Freedom Shares sold "over the counter* the same as Sav ings Bonds? ANSWER: A main purpose of Freedom Shares is to attract additional dollars - - from current Income — Into the savings market without dis turbing existing savings progr ams. Therefore, the Treasury make them available only to regular buyers of Series E Savings Bonds. QUESTION: I am a self-emp loyed steady purchaser of Savings Bonds. Why can’t I also buy Freedom Shares? ANSWER: You can. But you must sign up under the Bond- A-Month Plan where you bank or save. Only persons who are enrolled In a regular, formal plan for the purchase of U. S. Savings Bonds are eligible to buy Freedom Shares. QUESTION: Is the Interest of Freedom Shares subject to tax? ANSWER: Yes. Freedom Share Interest Is subject to Federal income tax, but not to state or local income taxes. Tax liabi lity may be deferred until the Freedom Shares mature, are redeemed, or are otherwise disposed of. However, the same method of reporting must be used tor Freedom Shares and for all Series E Bonds owned by an Individual. B f f l Roa. 664-3643 97501 Buys Weekly M O U N T D O R A . Fla. — A group of young local businessmen has purchased the 1,500-circula- tion Topic here from David A. Rawley Jr. of High Point, N .C. m o o THE TEN SURTA x PER CENT After conferring with fiscal experts In the State Tax Com mission, I am convinced that President Johnson’s projected 10 per cent surtax on Federal individual income tax returns will have a severe Impact on Oregon’s economy. It appears that It will directly reduce Ore gon’s personal Income tax re ceipts by $5 million in the 1967-69 biennium. The corpor ate tax Increase will have a minimal Impact on Oregon. And, If the lessons of the past hold any prospect for the future, it Is likely that the total loss to Oregon will exceed this because of the mulitude of adverse short-run economic effects that usually accompany federal tax Increases. This news Is distressing in the face of Oregon’s already bleak fiscal outlook It under scores the Importance of prompt legislative enactment of a meaningful tax program In the forthcoming special legis lative session. I believe It to be Impera tive that the special session adopt a bill using the federal- adjusted gross Imcomc figure as the amount from which to compute Oregon’ s Income tax. This would greatly simplify the state’ s tax return with resulting reductions In the cost of pre paration. Once the complete text of the president’s message reaches Salem, the state’s principal re venue officers will thoroughly review the ramifications of the president’s tax recommend ations on Oregon’s finances. I have asked that any significant divergence from their pre lim inary conclusions be lmme- diatley reported to me. I Intend to follow congress ional reaction to President Johnson’s proposal very closely as any certain revenue loss will have to be taken Into con sideration In formulating my tax recommendations to th e special session of the legisla ture. s Gil H03 SVS'u'dGffl S pecial S e p te m b e r Class N o w F o rm ing For M a tu r e W o m e n 21 to 4 0 J u n io r P e rm a n e n t W a v e S pecial! If you have always wanted to be a beautician, and circumstances prevented your desires. This may be your chance, In v e s tig a te Today! BACK TO SCHOOL Complete with Haircut, Shampoo, Style. SCHOLARSHIPS AVAILABLE $50 REGISTRATION AND EOUIFNKNT FIE ONLY THE CONTINENTAL BEAUTY COLLEGE FREE TUITIOI Phene— Write—Or Visit Msrfford- PORTLAND GATEWAY AREA 1902 Crater Leite Hwy. 10*40 H.t. N X Halsey Heisi Phone « 255-2955 Pheae: 77241 *4 Grants Pass- 212 Caverna« Plata Pkeaei 479-5505 f / F
