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Tilt OREGON WMCAT CHOWERS U5u emordal It annual
Soil Coanratloa Man el Xhm Taar tlUa tnUr to Wlllla HarU
el Jelfaraeo county (front row, aerond from rtqbt). Othor arowora
bonorod et tha Wheat Leagua'a annual nooUna la La Grande
wore (keated)i Darld Child. Gilliam countyi Xonnetn Turner.
LID I
ROBERT JEPSEN. lone, wot elec
ted second etce president I
the Oregon Wheat League at
Its recent meetlna In La
Grande.
Cooking Club Keeps
Busy With Activities
Officers were elected at the
first meeting of the Kettles and
Spoons 411 club. They are
.Susan Melby, president- Sun
Grill Ith. vice president; Kath
leen Sweeney, secretary; Linda
Cooper, reporter. Other members
nre Sandra Flalz, Francis Ab
ram and Susan Challey.
The club nlans to have a busl-
nesj meeting on the first Tue
dfcy of each week and to cook
on the other three Tuesdays.
Cookies were made at the De
cember 15 meeting at the home
of the leader. Mm. Bob Abrams,
for mothers of the members. We
met again on December 18 to
distribute them
Linda Cooper, reporter
No Speed
Limit On
SAVINGS!
There's no limit
to what you can
accomplish with sys
tematic salvlngs
here. Just get started
and keep on going!
OPEN AN ACCOUNT TODAY
FSUST F
SAVINGS & LOAN ASSOCIATION
BOX 739
' " f
. S .lt ;
"II - Ml,, " r 1
Income Averaging
Provision Offers
Taxpayer Savings
New "Income averaging" pro
visions of the federal tax law
mw nroduce unexicetd sav
ings for many who have fluct
uating Incomes, according to the
winter Issue of "Northwest Busl
ness Management" magazine,
published by Oregon State Uni
versity. I Though designed primarily to
Li artist and nrof csslunal ath
letes whose Income hae big
"up and clowns," the new
amendment to the tax law may
benefit manv other taxpayers a
well Including farmers and
mn hmini-ssmon It Is rcoorted.
Author of the kftklc. which
rtrloinallv a.riMared in
Journal of Accountancy" in Sep
temher. U Joseph K. lamci. as
sociate professor of business ad
ministration at Washington
State University.
The new amendment, Tarbet
explains, permits the taxpayer
to average his income provided
that his taxable incomo for any
given year, after 1963. exceeds
iii ii norront of the four-year
average by at least $3000.
He examined the tax files or
ti fr.rr.wr and farmer-lanuiora
it..r.t in the wheat-nea red on
of the northwest and found that
one-fifth of them nad income
fhirtnatlon.q sufficient to Qualify
for Income averaging.
Savings by Income averaging
In such cases ranged from $22 to
$(.62. Benefits are possible
whether the person has low or
high average Income, he noted.
DihAnrtl fnr milrlniv aliyna And
'decorations at the Gazettc-Tlmes.
"Vr;
now paid on savings here make
your money grow faster . . . help
you "ride your passbook" to ful
fillment of your rosiest dreams!
PENDLETON
o
x i
- a a
. m -t. f
bUl.rLeoTGoT.rrSTan
otl wrloV committee chairman, Henry W.athpoocu
Union county. Bill Weathenpoon, and Bob Melmea. snennoa
county.
Emergency Loans
Offered By FHA
Emergency loans to establish
ed farmers and ranchers who
have suffered loss from the
Christmas flooding and who are
unable to secure the necessary
credit from commercial sources
r.. avaiiiihln ihrnueh the Farm
ers Home Administration (FHA).
In addition to the emergency
loans, an additional $2 million
has been made available to FHA
In Oregon. Washington. Califor
nia and Nevada to help meet the
expected requests under the a
gency's regular loan programs,
according to Mrs. Alberta Johns
ton. Oregon State University ex
tension home management spec
ialist In family economics.
All 30 Oregon counties were
,i,w.i9ri niifrihlo for the emer-
gency loans Wednesday. Decern-
inrr jo. oy vM " j
ture Orvllle L. Freeman. Loans
may be made for regular oper
ating expenses, replacement of
livestock and equipment lost In
the Christmas flood waters and
for building repairs.
The emergency loans carry an
Interest rate of 3 percent, with
repayment to be made at the
nnriincr rwvwlhle date In accord
ance with repayment ability, she
explained.
Under fhas regular ion piu-
rtram irk U.'h Irh the S2 million
urm n'riH.'H in the four state area.
credit to build a new house, mod
est In design and cost, or to re
pair a Hnmanvt one will be CX-
t.rwjvt in form owners and rural
residents In communities having
a population of less than uu.
These funds may also be used
for construction or repair of dam
aged farm buildings. Amounts
loaned for housing repair or con
struction bear interest at 4' per
cent and may be repaid over a
33 year period. To be eligible
for an FHA loan, an applicant
must be unable to obtain credit
from commercial sources.
Further Information may be
obtained at FHA offices in Ore
gon City. Redmond, Roseburg,
Madras, Grants Pass, Klamath
Falls, Eugene. Albany. Ontario,
Salem, Gresham, Pendleton, La
Grande, Hillsboro and McMinn
ville. KINZUA NEWS
(Held over from last week.)
Mr nnH Mrs. Farl Norris and
son Ken made a trio to Heppner
Thursday evening where Mr.
Norris entered the Heppner hos
pital for treatment of the flu.
Mr. and Mrs. Frank Ferrel
went to Portland Christmas Day
to spend the holiday with Mr.
and Mrs. Burton Nelson and
family. They were joined on Frl
day by Robert Ferrel who flew to
Portland rrom renaieion.
Mr. and Mrs. Richard Mortl
fnmilv wpnt to Twick
enham Thursday to spend Christ
mas with Mr. and Mrs. Howard
Mortimore.
Mr. and Mrs. J. E. wan were
In llnnnnor WoHnosrlav for a
medical checkup for Mrs. Wall.
Tr anrl Mrs. Roper Hollomon
spent Christmas in Heppner with
their son Jerry and his family.
They were joined there by Mr.
and Mrs. Bruce iionomon anu
family of Hermlston.
Mr. and Mrs. Jiggs Bowman
and family left Thursday after
noon for Castle Rock. Wash., to
oend Christmas wun iwr. anu
Kfro fjlcrritnn Strom. Tn Cet to
Castle Rock they had to go by
way oi xanima ana wmie f
Miss Florence Bell oi renaieion
srriviui hor Wprinesdav after-
nnm. tv crwnrl Christmas With
- I
LJ
rr 1 1 1 muni. roDtotantina
, .
Bell. Mr. and Mrs. Elvln Bell and
sons spent their Christmas at
Bk,7 nrT MU David Whltsett
and daughter went torendleton
Thursday evening 10 spenu
Christmas with relatives.
Photos Advised
As Good Proof
J Of Flood Damage
Your rimrri run provide you
i will) the permanent rf that
' I vfMi rr.JV r.i i .1 t aulittaoliate
your deduction of flood damage
nti from your 1!M Income tas,
according In Manning lUi kt-r,
extension farm mnifrm"nl
ikir'ialtkt at Orrgon Mto L'nl-
vrfkiiy.
Bwkrr kdvl all farmrr who
hav uffi.fl fjf ddnap to
J wiulpmrnt. bulMlntf. r othi-rn
farm farllillra, to take tJiriurea.
from krvrrai flm-r-ni anpirk. ci
the damai'i tx forr It la rrpalrrd
or rrmcAffl. If pnrKrai'ns
the prop-rty takrn blre the
avaiiariie, thcM will aiw
firlt'ful. arrordinc to the
(iSU ntlaiut. lhol(ra.ha
taken afn-r the rrpalr or n-plare-mm!
of the frojTty may aIo
he hrlfful.
The Internal Revenue Servlre
rifiuirra rijf that you actually
kuMalned loa. fjolnt out BTker,
an well aa the amount of rh-duc-table
Vis., Vou khould l-e re.
pared to a how the lowi waa the
direst feault of the casualty; that
you were the owner of the prop
ertv; the cokt of the property,
evidfiued by purchase contract,
di--d. bill of kale, etc.; depre
ciation allowance. If any: value
txfore and after raxualty; and
the amount of Insurance received
or recoverable. Including the
value of repair, restoration and
clean up provided without cost
by dlaanler agencies.
Lm or damace to property
used for personal purposes Is de
rhiriMc nnlv in the extent that
the loa exceed $1W). Los of
business property or property
held for production of Income
such a rental house, is fully de
ductible. According to Becker,
farmers who wish to claim In
come tax deductions because of
flood damace should obtain a
copy of Internal Revenue Service
Document No. 5171. "Casualty
Losses." from their local I.R.S.
office, for complete details on
lflUnK deductions,
Mr. and Mrs, Don Brock and
family left Christmas Jor pnes
iwvn,
uy
mm
ai:i.,; :'
-ft f , j:- ... ... - . .. . - -y- ; . ..-S
i ' " . "'
) -S s i-
Crystal ball gazing is a pretty risky way to find values, old timer. They aren't
much good in helping you discover where to buy groceries, or what to get
for Aunt Hazel's birthday, or even what car to buy. But you know something? . . .
advertising sure helps! Advertising brings the world to your doorstep. It tells you
what is for sale and where you can get it. It gives you descriptions, and prices,
and ideas. It allows you to compare and get the most value for your money.
It saves you time, and shoe leather, and worry.
Advertising does more, too. It promotes competition and mass selling which results
in the constant development of better products for less . . . and saving money is
important to all of us. Sure, crystal balls might be good for some things
but for day to day value
A public Hrvkt advertisement prepared by a leading Oregon Advertising Agency at tb"Wj 'f
the Oregon Newspaper Publishers Association and published by this newspaper for your tnjormation.
Farm Bureau
Furrow
By SCOTT LA Ml
la format toa Dlftdot
ACmOTLTUBE IN 1M4
Frmfi In Orrgon ar n't
eiAno in Av-rlv urrv to kC"
I'M r bv board, incn i w n
the uarlty Inde were thIuriit
Vfr, and from bttt hrou2
jcnrrrir, jiwrn '-" -
umi
The one bright spot was In po-
txim Kfxirla hrnUL-M the high
est prices In years following a
year whkh saw many demands
for federal controls ana price;
supports on potatoes.
Wheat prices under the new
farm bill were a great dlsap
polntment to growers. The cer
tificate plan operated by the
federal government cut back
both acri-a and pclc?. leaving
growers In a much lower Income
bracket than the previous year.
B- f prices were down, due to
a had feed grain program In
12 03 and a great incicase In
Imports during !'.
Dairymen were plaguei with
Imports of milk from surround
ing states, calculated to break
the milk stabiliiatlon law pasvd
by the last session of the state
legislature, producer-distributors
were unhappy with the equali
zation factor written Into the
milk law requiring them to pay
other producers if the P-D's in
creased their business.
Cr.nr rhorrv growers had the
best crop In years, but so did the
rest of the nation, and cherry
prices went tumbling. Sweet
cherry prices were smashed by
imports from Europe-
The flood at the end of the
year was only a cap to the year
which will be remembered as a
tough one for agriculture.
In spite or an u.is. we uoudi
. manv farmer would trade
places with any other farmers in
the world, uaa prices in civy
are lUe a storm there Is al
ways sunshine when the storm
is over. , .
The year I'jCj is sura to be
better, and the teinal optimism
V"
tr-
V.
it pays to be advertised at.
Baker Man Named
Region Heart Head
o Adler of Baker, haa been
named F-astern Kegkm chairman
of the Oregon Heart association
tt,m uvin4 vlr imffdlnf tO
iwi - " -
John W. Kendall, president
Adler. a longtime civic
minded person, said he was
happv t the poet again and
atsured evrryone that the IWiS
February Heart Fund campaign
would be the best yet.
He continued. The heart
cause U by far the easiest to
gain public support because it
Is close to everyone either with
In ones own family or that of a
friend or business associate. In
Oregon, one out of every two
deaths Is caused by disease of
the heart and blood vessel, and
many of thee are in me prime
of life aged 45 64." ,
r-itiYona r,t Oreeon will be
given the opportunity to Invest
in a healthy ruiure aunn
ruarv bv welcoming the heart
fund volunteer.
Adler U responsible ffr th or
ganization of 12 counties1 Hood
Kiver. Wasco, Sherman, Gilliam.
Morrow. Umatilla. VVallowa.
Union. Baker. Malheur. Harney,
and Grant.
of the farmer has always led
the nation to better things io
come.
EAST OREGON
CATTLE RANCH
4240 a. deeded. 306 a. crop, a
bout 2U7S) a. leased new fen
cesgood buildings new 21.
000 bu, grain storage, listed
at $200,01). '20 down. HAL
GERK1.NG. GEO. T. SCOTT
CO., 310 SW 6th Ave., Port
land. Oregon.
IN OREGON
WHEAT Cr CATTLE
Approx. 5800 a. 2G66 crop,
large, grain elevator, modern
house on highway, Vi crop
payments at 5 listed ex
clusively by HAL GEBKING,
GEORGE T. SCOTT CO.. 310
SW 6th Ave., Portland, Oregon.
her parents. Mr. and Mrs. Leslie