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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 17, 1955)
IV) cs G SIX MEDFORD (OREGON) MAIL TRIBUNE Wednesday, August 17. 1955 Tax Reduction Seen Next Year Washington U.PJ Sen. Wal lace F. Bennett (R-Utah) said .Cyesterday that "political pres 3 sure" during the 1956 election q year will make Congress cut in dividual income taxes but by pass corporate tax relief. Bennett believed the cuts would be pushed through even (--,1 the budget is not balanced. But, he added, "I don't think we'll be very far off a balanced budget. We're not going to make ,a deep slash, or a big addition q to the federal debt." .7-) Bennett, a member of the Sen " ate Finance Committee which Q handles the legislation, said he favored a percentage tax cut rather than the Democratic plan G for a straight S20 cut per in o, dividual. But Secretary of the Treasury p George M. Humphrey has moved q for one form of corporate tax cut next year. He asked Chair- man Jere Cooper (D-Tenn.) of the taxwriting House Ways &. Means Committee to lower taxes ( on income earned by American corporations operating abroad. The administration previously had sought unsuccessfully to re n duce corporate taxes on income (Earned abroad from 52 per cent 0 to 38 per cent. A 'FIRST' Center Harbor, N. H. U.R) 0-Pa Harvard-Yale boat race here at Lake Winnipesaukee in 1852 is believed to have been the first intercollegiate sports event in America. cs t ... ........ As ft' Sr1 rfg jjj . Jj Queen of the internationally famous Pendleton Round -Up, 19-year-old Kathryn Wyss, is a real cowgirl. Queen Kathryn has been a competitor jn many junior rodeos as a rcper and riior nnd has rid den in many cattle drives in eastern Oregon. Pendleton Round-Up dates are September 15-16-17. Grants Pass Employment Salem (U.P.) Glenn E. Halm, 29, Grants Pass, has been ap pointed manager of the Grants Pass employment office to suc ceed the late H. V. Retherford, the State Unemployment Com pensation Commission said to day. Halm was named an employ- Office Gets Manager ment deputy in the Corvallis of fice in September, 1951, shortly after he was graduated from Oregon State College. He was transferred to the Grants Pass office in January, 1953, where he attended high school before the war. Coffee Toasters Warned on Price San Juan, Puerto Rico (U.P.) Felix Mejias, director of Puerto Rico's Economic Stabilization ad ministration, has warned that coffee boasters. are acting illegal ly by ; refusing to sell at the newly-fixed price. The administration recently set the price at 81 cents per pound, a reduction of 13 cents from the former price. The cof fee toasters, supported by the C o f f e e-Growers Cooperative, have announced they will not sell their stocks at the new price. Mejias warned that his office is legally entitled to confiscate the coffee for re-sale at the price set by the administration. But, he added, the administration does not want "to act drastical ly." He reminded the toasters of their right to demand reconsid eration of the order establishing the new price and noted that no such petition has yet been made. All phases of the coffee indus try in Puerto Rico have joined in denouncing the cut from 94 cents per pound to 81 cents. They claimed the reduction would have harmful effects on the in dustry, charging the government had failed to take into considera tion the fact that Puerto Rican industry pays "the highest sal aries. . . as compared with other coffee growing centers in America." Rockville, Conn. (U.R) When Patrolman Edwin Carleton was sent out to look for a stolen au tomobile he recognized it and recovered it in short order. It was his father's. ' Australia's Hydroelectric Work Done By Four Nations Svdnev OI.R) Top en gineers from the United States, France, Norway, Holland and other countries keep Australia's ambitious Snowy Mountains, hy droelectric scheme well on sched ule towards its 1985 completion target. ' With the big business backing of big international engineer ing concerns, Australia's vast project ultimately will provide 3,000,000 kilowatts of power more than the total capacity of all generating stations operated in Australia today. The scheme will also supply 37.8 per cent more water for irrigation pur poses. The Snowy plan, started in Aigust, 1949, swung into pro duction when the first trickle of power was switched on from the Guthega sub-station at Mun yang, high up in the Australian Alps. A Norwegian firm, Sel mer Engineering, brought a 200 man team to head the task force which worked round-the-clock for four years to complete the dam, pipelines and power sta tion. One Section Opened Prime Minister Robert G. Men zies officially opened the first power-producing station last April 23. Menzies inherited the scheme from his Labor predeces sor, Joseph B. Chifley, when the conservative Liberals swung into power in December, 1949. The change of government never af fected the $945,000,000 hydro electric project on which $112, 000.000 already has been spent. The Guthega station now feeds 60,000 kilowatts from two turbo-generators straight into the New South Wales grid hook- ' r A its extra pleasure dds good taste to good times as no other beer can do! i PM. fed kmmm .3 ,. zw&!- G) o o n bicnicsf 1 the popular 4-can pack of ISm(olriss LAGER BEER 0 03 Q up. This output will shortly reach 90,000 kilowatts when a third turbo-generator is installed. But so vast is the Snowy un dertaking that this first achieve ment is just a drop in the buck et compared to the ultimate 3, 000,000 kilowatt output which the Snowy scheme will deliver from 17 power stations by 1985. Big engineering corporations from the United States, Italy, France and Britain periodically send their representatives to look the situation over and sub mit bids and tenders. American Combination Two overseas combine's are now busy on two major contracts in the next stages of the plan. "The first is a joint group of French contractors, and the sec ond an American partnership of four engineering firms. . The American group, known as the Kaiser - Walsh - Perini -Raymond organization, is a tie up between four big American civil engineering concerns. It comprises Kaiser Engineers of Oakland, Calif., the Walsh Con struction Co. of Davenport, la., Perini and Sons of Framingham, Mass., and the Raymond Con crete Pile Co. of Delaware, Mass. The Americans undertook to build a $43,000,000 14-mile di version tunnel. Called the Eu-cumbene-Tumut tunnel, it will link up an underground power station with a huge reservoir which will completely flood the township of Adaminaby. The township's population of 1,200 Two Suspects Held in Gene Symonds Death Singapore (U.P.) A Chinese truck driver and an unemployed Indian youth have been ordered held for trial for the murder of Gene Symonds, United Press manager for Southeast Asia who was killed in a riot May 12. Magistrate Choor Singh or dered the truck driver, Ong Ah Too, and the unemployed Indian youth, Suppiah Waw, held for trial after a Chinese deaf mute told how the Indian kicked Symonds repeatedly as he lay on the ground. The two youths originally were charged with being mem bers of an unlawful assembly which caused Symonds' death. The murder charge was prefer red against them by Prosecutor H. B. Livingstone when the preliminary inquiry opened yesterday. will be moved lock, stock anyi barrel to high ground when the dam fills up to contain eight times more water than Sydney harbor. The American group also gain ed a second contract for another smaller tunnel, and a dam which will run to an additional 5,600, 000 Australian pounds ($12,500, 000). The Americans scored their first success when their veteran drillers led Australian workers to set a new world record for tunnel drilling. They cut their 24-foot tunnel through 402 feet in a record six days to beat the previous world record of 363 feet for a 20-foot tunnel made by the Walsh construction com pany in California. Employed Women Highest in History Washington (U.R) More wom en held jobs last month than in any other month in the na tion's history. A Census Bureau survey showed today that 20,204,000 women over 14 years of age i were employed last month. That was an increase of more than 300,000 over June and almost 1,500,000 above July 1954.. EXCITING... Pacer Designs By G. E. 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