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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 22, 1955)
ftlGHT MZWORB (OREOOm mail tribukb Friday, April it. 135 Treasury ions in Taxes Each Month for Hext Eyes Six Bill wee Administration May Give Reward Of Cut Next Year Br LYLK C. WILSON United Press Correspondent Washington U.R) The. Treas ury hopes to tap the weary American taxpayer .for nearly 86,000,000.000 every 30 days during the final months of the current fiscal year. If the taxpayer can come up with it, he may and probably will be rewarded with a tax re duction in 1956. What President Eisenhower is shooting at is a modest, general tax cut . next year giving a break to rich and poor, alike. Staggering Deficit The Treasury reported this week on the first nine months of the fiscal year to March 31. As of that date the deficit was a staggering $5,100,000,000. But better times seem to be coming. The Treasury is staiding pat on its estimate of last January that the budget will be no more than $4,500,000,000 in the red when the fiscal year ends next June 30. To reduce the deficit to that figure the Treasury must take in about $5,630,000,000 in taxes in each of the three final months, April, May and June. That compares with ah aver age tax take of about $4,680,- 000,000 during each of the pre ceding nine months. There is not much doubt that American tax payers will come up with the larger figure. It is quite likely they will make it more. Income Tax Postponement The lesser figure is about what taxpayers poured into the Treasury in the final three months of the fiscal year in 1954. The 1955 April-May-June take could be more on the basis of: 1. Postponement of individual income tax payments this year from March 15 to April 15. That was the deadline date for pay ment of 1954 individual income taxes which had not been paid already by the withholding method. 2. Current withholding is from near-record individual earnings. During the 1954 April-May-June withholding period there was a slump in individual earnings. 3. Corporations will pay on June 15, 50 per cent of the tax due on 1954. income. On June 15 last year they paid only 45 per cent. Modifying the foregoing is the fact that 1954 was a year of moderate business recession which must be reflected in the April 15 individual tax payments . CONTROL OF HUGE Montgomery Ward & Co. chain is at stake as forces of Sewell Avery, board chairman and Louis E. Wolfson (bottom, with Mrs. Wolfson) assemble In Chicago for annual stockholders' meeting. Famous picture at top Is of Avery being ejected bodily by two soldiers from plant office in 1944 when he refused to turn over company books to government. (Avery photo copyright by Chicago Times, supplied by International News Photos) Ave ry Expected To Retain Management Of Montgomery Ward Chicago U.R) Financier Louis E. Wolfson conceded today that Chairman Sewell Avery probably will retain control of Montgomery Ward & Co. Wolfson, 43, made the conces sion to newsmen at the annual stockholders' meeting, show down phase of the world's big gest proxy fight. "It looks like the present man agement will retain control," Wolfson said. Fight 'Already Won Asked whether this meant he was giving up his fight to wrest control of the $721,000,000 re tail chain from Avery, Wolfson replied: "We already have won the fight. We won the defeat of the stagger system He referred to an Illinois Su preme court decision forcing Montgomery Ward to put up all nine of its directors for election instead of only three in any sin gle year. and the June 15 collections from corporations. The Eisenhower , administra tion is making steady progress toward the spending and reve nue figures at which the Presi dent believes Treasury books might level off in the black for a change. That would be at about $60,000,000,000 of spending and revenue annually. jl Y a little show-off Va" 'Of-a shoe that". r K never shows its jL- price! 1 Lt. Blue "V w BUSIER MOT SHOE STORE 15 SOUTH CENTRAL FLUHRER BLDG. The meeting was called to or der by Avery, 81, ruler of Mont gomery Ward since 1931. Avery was greeted by a stand ing ovation as he walked onto the stage of the Medinah Tern pie. But the crowd did not fill the auditorium and was much smaller than anticipated. Many Seats Empty Wolfson, who said he was at tending only as a "spectator and stockholder" and .would have nothing to say unless called upon, posed reluctantly at his seat, his hands clasped in a vic tory pose. Clarence Mohr, a Ward em ployee in charge of ushering, estimated the crowd at between 1200 to. 1400. The auditorium holds 4300 and can accommo date 3000 more in the basement. . Some observers regarded the smaller than expected turnout as a blow to Wolfson's chances. Wolfson had hoped that a total of 500,000-votes might be cast at the meeting today. Wolfson, handsome, ''golden boy" of modern finance, and Avery, 8 1-y ear-did lord of Wards since 1931, both put up a slate of nine directors for election. Five-Member Control Election of five members to the board would mean control. Avery forces said they were sure of at least seven seats. Wolfson claimed he had four director ships in the bag and the fifth would come today, either by a defection in the Avery ranks or a sudden -switch-over at the meeting. Upwards of 4,500 stockholders were expected, to choose be tween the slates at the tense, heated meeting. But their final decision will probably not . be known for about three weeks, when the millions of votes have been counted and validated. Talent High Sets Graduation Rites Wednesday, May 1 Talent Talent high school graduation exercises will be held Wednesday, May 25 at 8 p.m. in the gymnasium. Susan Barnes daughter of Mr. and Mrs Charles Barnes, with a GPA o: 3.85, will be valedictorian. Irene Johnson, daughter of Mr. and Mrs. W. M. Johnson, will be sa- lutatorian, with a GPA of 3.62 The graduation address ' will be given by Dr. Arthur S. Tay lor, of Southern Oregon College, His topic: "Oregon of Today.' Baccalaureate May 22 Baccalaureate will be held Sunday, May 22,' in the high school gym. The Rev. Leroy F, Neifert, Friends Church, Talent will give" the invocation and benediction. The Rev. Alice May Wooley, Talent Methodist Church, will deliver the bacca laureate. Members of the graduating class are: Susan Barnes, Sally Ann Boyd, Doreen Burnette, Va lerie Jean Carmen, Fern Dixon, Bernice Lodge, Irene Johnson Bonnie Leeper, Katherine Long; Beverly Murray, Marie Ross, Jo anne Seaver, Shirley Smith, Myra Phelps. Donald jCoghill, Leo Hoser, Jim McAbee, Don Reynolds, Don Sweet, Dale Walter, Stuart Web ber, J. Loyd Wood, George Zickefoose, Jim Wallace, Lyio Tycksen, William Dailey George Williams. Northwest Senators Propose Price System Washington (U.R) Four Democratic senators from the Northwest yesterday introduced legislation that would provide f c q two-Drice system for wheat. Farmers would get parity prices for wheat going into the domestic market for human con sumption. The balance would be sold at competitive prices for ex port or feed and industrial use domestically. Sponsors of the bill were Sens. Wayne Morse (D-Ore.), Richard L. Neuberger (D-Ore.), Warren G. Magnuson (D-Wash.) and Henry M. Jackson (D-Wash.) FOREST SERVICE LAUDED Salem (U.R) Seventyrtwo members of the Oregon Legisla ture today put their name on a resolution introduced to congrat ulate the federal forest service on its 50th anniversary. Guidance Film Viewed by Groups The film "Children's Emo tions," brought to the commun ity by the Southern Oregon Child Guidance Clinic associa tion for use in the second week of the Medford membership drive, received much discussion following three showings here this week. Miss Mary Vandenberg, psy chiatric social worker for the Guidance Clinic, showed - the film to the Lone Pine school study group of mothers, and a study group of parents of re tarded children. The nurses t the Jackson County Health De partment also saw the film with Miss Dorothy Collard, nursing supervisor, as their discussion leader. One enthusiastic parent said that they could have done so much more toward helping their children emotionally if they had seen the film when the children "were babies. The film showed curiousity, fear, anger, jealousy and happiness, and how the child can be helped toward healthy growth of emotions toward ma turity. The groups discussed how other emotions can be channeled or guided for the child's healthy personality growth. Veterans' Official Visits Jackson County Roymond E. Pettey, Salem, an educational officer of the depart ment of veteran affairs, left yes terday after being in Medford to confer with Charles D. Hol brook, county veterans service officer. He reviewed state edu cational benefits for veterans. Earlier this week R. Howe, Portland, service officer of the American Legion, was here to confer with Holbrook. BILL HITS COMIC BOOKS . Salem (U.R) A series of seven bills which would make it unlawful to sell or furnish crime or sex comics to minors was be fore the Senate for second read ing today. i SINGLE FORTUNE Cambridge, Mass. (U.R) Miss Bernice D. Moore and Miss Jane E. McKearnin were left the bulk of the .$120,000 estate of their aunt. But they must remain single to , keep the money. Taste PL alone proves y fS: ' SunnybanLx j ijp JRfi margarine k V naturally lr Vljetterl f Tn the dark about which mar garine ii naturaUybetterf Try Sunnybank and see how your taste responds to the 3avor. All the goodness you've ever wanted in a spread is yours in Sunnybank. It's made with wonderfully wholesome ingre dients. For your own satisfac tiontry Sunnybank today: at SAFEWAY HITS ADMINISTRATION Edward J. Corsi (left), ousted State Department refugee ad viser tells a Senate judiciary subcommittee that the Eisenhower Administration faces a terrific political liability" unless it improves its handling of the refugee relief program In center is Louis Marhoefer of the State Department At right is Senator Wilham Langer (K., In. D.). subcommittee chairman. Between Marhoefer and Langer is State DeDart Secujity CMef R W. Scott McLeod, with whom Corsi Has been trading verbal Six-Months-Old Twins Separated In Chicago Surgery Chicago (U.R) Doctors today gave the 6-month-old Andrews Siamese twins an excellent chance to recover from a dra matic, unplanned separation of their joined bodies. , The operation on the twins. joined at the head, at Mercy Hos pital Thursday, night was the third Siamese separation here in 28 months. - Exploration Continued Msgr. John W. Barrett, direct or of hospitals for the Catholic archdiocese of Chicago, said "We started out with the idea of an exploratory operation, but thines went so well we continued until it was over." The operation was termed "100 per cent successful." Fourteen ialists participated in the four hour and 40 minute operation. if the girls Deborah Marie and Christine Marv survive they will be the first head-joined twins to do so. The famed Brodi tw?n Roger Lee anoT Rodney Dee were also joined at the top of the skull. But Roger Lee died 34 days after an operation on Dec. 17, 1952. Rodney Dee, now 3V years old, is thriving. Three weeks ago, a set of 22- month-old girls from Thailand (formerly Siam) were success fully separated. They were join ed at the chest. The blonde, blue-eyed girls were believed to have a better chance for survival than the Bro die twins because of separate cir culatory systems and brain cov erings. . The girls cried when they were put in separate cribs after the operation, Barrett said. . "Barring complications, the outlook for the children is very favorable," he said. The sisters are the children of Wilfred Andrews, 38, a salesman, and his 33-year-old wife Norene, a registered nurse. The Andrews have another daughter, Patric ia, 5. Escape Bears Out Jail Deterioration Savannah, Ga. (U.R) Sheriff Bill Harris today backed up his claim that the Chatham county jail has reached a state of "phy sical deterioration." ... 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