t MAIL TRIBUNE,' MtdfortJ, Orv9on, Thursday, January t, 19S9
Financial World Watching to
See What Legislation Planned
Br ELMER C. WALZER
UPI Financial Edilor
New York -UPD- With Con
gress again in session the fi
nancial and business world is
watching to see what will hap
pen on business and tax legis
lation together with a series
of expected investigations.
None expects an income tax
rise or decline but there will
be modifications, attempts to
close loop holes and attempts
to carve down the oil deple
tion allowance of 27 V4 per
cent.
Here is what the tax ex
perts at Prentice-Hall antici
pate could happen in the way
of tax changes:
- "1. More rapid depreciation
on capital investment to allow
for increasing obsolescence
and for inflation.
: "2. Some limitation of tax
treatment of capital gains and
of co-operatives.
"3. Deductions for funds set
aside by self-employed people
for retirement Jenkins- Ke
ogh Bill.
". Revision of rules . on
corporate distribution sand
adjustments, estates and trusts
snd partnerships Ways and
Means tentatively plans hear
ings on these advisory group
reports for the middle of Feb
ruary. ."5. A new higher tax form
ula for life insurance com
panies. "6. Some tax incentives for
private investment abroad.
"7. Congressional liberals
of both parties will make their
major tax target a substantial
reduction in the 27 per cent
oil and gas depletion allow
ance. They will probably fail,
however."
.It has been announced that
President Eisenhower will ask
for a boost in federal gasoline
taxes. i
Many states also plan to
raise taxes on gasoline which
now range from three cents a
gallon in a. long list of states,
including Alabama, Florida,
Kentucky, Louisiana, Maine;
Mississippi, Nebraska, North
Carolilna, South Carolina, and
Tennessee. ''.'. 1
Higher state gasoline levies,
it is held, would be set in
many states to defray the state
costs of highway construction
which is to be paid for by the
states and federal grants.
- New York State's gasoline
tax now is four cents a gallon
and is the lowest, in the na
tion except for Missouri. The
really high gasoline taxes arc
in Hawaii where they range
from 8V4 to 11 cents a gallon.
Wall Street has been hoping
for a reduction in the capital
gains tax, which now is 25
per cent for long-term capital
gains. Cutting this in half,
market experts argue, would
give ' the government more
revenue than it gets at present
rates. ' ,' '
The idea is that with a low
er capital gains tax, many who
have big stock market profits
would take them by selling
their stocks. This would add
Duncan Hines Lists
Local Businesses
Six- eating
establishments
ford area are
1959 editions
and lodging
in the Med
iated in the
of "Duncan
Hines Adventures in Good
Eating" and "Lodging for a
Night.' ;
The local establishments
listed include Jackson hotel,
Medford hotel, Crater . Inn
motel, Medford Travelodge
and Pulver's motel in' Med
ford and Mon Desir Dining
Inn, Central Point.
They were among the 8,000
listings in the editions.
Mathematician Tells '
Why Moonik Got There
; Berlin (TIP0 East German
university students Wednes
day were told the real rea
son the Soviet moonik pene
trated farther into space than
American moon rockets.
"The philosophy of the
working class,, dialectric ma
terialism, formed an import
ant part of the fuel of the
sputniks of the moon rocket,'
mathematician Dr. Klaus
Swelling wrote in a Commun?
1st weekly newspaper.
to the supply of common
stocks which is said to be low
because so many institutions
have loaded up and aren't
selling. Hence when a pur
chase of stock is made the
purchaser runs into a low
supply and has to pay a high
price.
Business On Defensive
Business looks for a series
of investigations into almost
everything.
The Wall Street Journal
says "the new liberal packed
Congress will put business on
the defensive as it hasn't been
since New Deal days
The stock market commun
ity doesn't appear to be wor
ried over Congress and that's
a new twist. This time the fi
nancial district is convinced
there'll be so much demand
for spending more and more
money that inflation may get
a boost and if so demand for
stocks would remain high as
inflation hedges. 7
: The foregoing is not uni
versally accepted, however,
and there are many who think
inflation will be held down
during 1959.
'Snowman' Said Seen
In Scottish Highlands
. Londoa-IUPJ-Sir .Hugh Rhys Rankin and his wife
Lady Robina said today they met an "abominable snow-.
;man" in the Scottish Highlands .of all places.
They said he had big feet, wore a sort of nightshirt,
was quite tall and spoke in a strange dialect. -
And on second thought, the British nobleman re
plied,, he wasn't abominable at all, really, because he
had "such a benign countenance." Also, he , said, there
wasn't any snow on the ground. !
The bearded Rankin said he and his wife were tramp
ing in the Highlands some years ago when they met the
snowman, "really a nice guy." They didn't explain why
they waited until now to describe their meeting.
.. "I am probably the only?woman, certainly theonly
white woman to have met one," Lady Robina said.i "I
came upon him while I was carrying my bicycle over
rocky ground during a touring holiday."
"Suddenly," she said, "I felt a presence near me.
"I turned and there he was, about five yards away."
She said he was 'six feet three inches tall, with long
hair, massive features and great' feet and dressed in a '
flowing white garment. He spoke in an Indian dialect
which I did not know."- .
Sir Hugh, who is 59 to his 'wife's 40, confided that "I
-tried Urdu on him, which I picked up during my army
service in India. But it was no use."
The Rankins said they didn't get to know the snow
man very well. The stranger walked behind them for
ten minutes "then as suddenly as he appeared he
vanished to the sound of strange noises in the air," Sir
Hugh said. ,
Engineers to Lower
Columbia for Search
Portland -(UPD- Army Engi
neers made plans today to
lower the water behind Bon
neville Dam to begin a search
with sonar equipment for a
missing family, that might
have perished in the Colum
bia river. . ..
Mr. and Mrs. Kenneth R.
Martin and their three daugh
ters disappeared from their
Teen-agers Back
MOD Fund Drive
Cave Junction - The Play
boy Car club, newest organi
zation in the Illinois valley
and volunteer co-chairman of
the Illinois Valley March of
Dimes drive, have assumed
the responsibility -of fund
raising projects for the drive,
according to March of Dimes
f chairman, Mrs. Amelia Dick.
Plans are already under
way for a March of Dimes
Taxi dance, "10 cents a
dance" to be held in the
American Legion hall on Jan.
31. The club, whose member
ship is made up entirely of
teen-age boys, will make the
arrangements and assume the
financial responsibility of the
event. -
The boys meet Tuesdays
at 7:30 p.m. in the Legion
hall. , ..
The boys have also taken
over the job of distributing
the MOD signs and coin con
tainers throughout the val
ley.' ' ' '
The Play b) y Car club,
formed less than two months
ago, has taken an active part
in civic affairs. They have
made contributions to the
community distress fund,
established to aid travelers
stranded in the valley."
At Christmas, the club vol
unteered to help in distribut
ing the American Legion Aux
iliary Christmas baskets to
the needy: - - -
- Many motorists, victims of
car failure, have praised the
members for their assistance,
it was reported. Persons
helped are given a "courtesy
card" by the member,
- ' y
The beagle is the most pop
ular purebred dog in the Unit
ed States today.- The pint-size
hound may be the oldest breed
native to Britain.
Portland home Dec. 7 after
setting out to look for a
Christmas tree.
- . Neither the Martins nor
their 1954 Ford cream and
red-trimmed station wagon
has ever been seen since that
day.
Col. Walter Winegar, Port
land district engineer, said the
lake will be lowered from 73
feet to 68 feet at the rate of
one-tenth of a foot per hour
beginning at 8 a.m. Thursday.
The dam is 35 miles east of
Portland.
This in turn will lower the
Columbia river, which flows
into the lake, and enable au
thorities to use the sonar
equipment.
The equipment was flown
Tuesday to Portland by the
Marine Department of Bendix
Aviation Corporation of North
Hollywood. .
Bendix plant manager Walt
er. P. Rhea said the sonar
equipment would detect any
submerged object, such as a
station wagon. '
Deputies planned to go out
in a boat Friday or Saturday
with the equipment. Mean
while, a helicopter will scan
the river from the air, and
deputies from six Oregon and
Washington counties will
search by land.
The only clue since the dis
appearance of. the Martin
family - has been a gasoline
credit purchase receipt.. It
shows Martin bought five gal
lons of gas at. Cascade Locks
east of Portland the day the
family vanished.
Explosions May
Have Torpedoed
Chances for Ban
Washington -UPB- Two.U.
S. atomic explosions which
unexpectedlymimicked earth
quakes may have torpedoed
chances of ah international
nuclear test ban.
They also have raised the
possibility that the Russians,
while engaged in test ban
talks at Geneva, could be con
ducting secret underground
explosions unsuspected by
the West. - -
In any event, they have
triggered new demands in
this country for resumption
of U. S. tests aimed at per
fecting small nuclear wea
pons for missile defense and
limited warfare. v
Disclose Behavior
The fraudulent behavior of
the two atomic explosions was
disclosed by official sources
as a result of ' this week's
statement by the White House
that scientific detection, of un
derground nuclear tests ap
pears to be more difficult
than once supposed.
One upshot of the White
House statement was the
scheduling of closed hearings
next Monday and Tuesday at
which the Congressional At
omic Energy Committee will
quiz a host of administration
officials on U. S. test policy
and will thoroughly re-examine
the question of whether
it is practically possible to
police an international , ban
agreement. r-
Technical experts of the
West and East agreed at Ge
neva last summer that a ban
could be policed by. 180 de
tection stations appropriately
situated on land and sea. The
biggest problem tackled by
the experts was underground
shots.
Radioactivity Confined
Atomic explosions on the
surface or in the air are fair
ly easy to spot because of the
telltale radioactivity . they
spread through the atmos
phere. In deep underground
blasts, however, all radioac
tivity is confined. '
The experts said, however,
that seismographic instru
ments similar to those which
record earthquakes could be
counted on to detect under
ground shots as small as five
kilotons (a kiloton being the
equivalent of 1,000 tons of
TNT). ,
Housewives Join
Fight Against Smog
Los Angeles -(DPD Nine
housewives led by the mother
of actor Robert Cummings
have launched a drive called
"SOS" for "Stamp Out
Smog."
; "We don't want to live in a
smog-ridden unhealthy com
munity," the housewives yes
terday told County Super
visor Warren M. Dorn. "But
we want to be constructive,
not complaining, about the
smog problem."
The women, all wives or
mothers of men prominent in
business and entertainment,
were told by Dorn the best
way to go about fighting
what he called "special in
terests" in the battle against
smog.
He suggested they give sup
port to his anti-smog legisla
ture, take part in discussions
on smog and attempt to button-hole
- legislators to get
their votes for smog laws.
The first pianos had a four
octave range.
Eurasian Arrives To Marry Sailor
San Francisco-dJPD-A beau
tiful 19-year-old Eurasian girl
arrived in San Francisco' last
night to marry a Wisconsin
sailor who courted her by
mail for six months, after a
brief - meeting in Singapore
last year.
The girl, piana Hutchison,
was to meet seaman Joseph J.
Bellin, 22, of Appleton, Wis.,
in Los Angeles. He is sta
tioned aboard the cruiser USS
Bremerton, which is in nearby
Long Beach.
Miss Hutchison, who had
never flown before, arrived
aboard a Pan American flight
from the Orient. She said
Bellin was due to be dis
charged from the Navy next
month and they would go to
Appleton for the wedding.
She was runnerup last year
for the Miss Singapore title.
SENTENCE NAZI
Berlin -ffiPD- A West Berlin
court has . sentenced a journ
alist Robert Kremer, 39, to
five months in prison for help
ing former Nazi diplomat
Hans Rademacher escape to
Syria in 1953. A Nuernberg
court had convicted Rade
macher as an accessory to
the murder of 1,300 Yugoslav
Jews.
"Rogue Valley Christian School"
Friday Nite, Jan. 9th 7:30
FAITH TABERNACLE
Highway 99 South, Ashland
HEAR CLARK LAMBETH I-former president of
California Christian Schools. He will be show
ing slides and giving information concerning
the Christian School and the need.
Opening of school is planned for
beginning of 2nd semester
KINDERGARTEN -1ST, 2ND and 3RD GRADES
For Information
Phone MU 2-3401 - MU 2-9762
'
Write P. O. Box 1, Ashland '
Listen K17IN Sunday 4:30 P.M.
TREMENDOUS REDUCTIONS!
January Store-Wide
No Down Payment
As low As 25c Week
This Is a Store-Wide Clearance and
Nothing is Held Back!
COME TO WEISFIELD'S AND
LOOK FOR THE . . .
Now
Now
Now
Now
Now
20
20
Donkey Salt & Pepper Ceramics Reg. 2.19...:
Pepper Mill & Salt Set-Reg. 5.95.....
Decanter & Shot Glass Set Reg. 4.95
Sturdy Metal Ironing Board & Cover Reg. 12.95..
Boudouir Lamps with Shade complete Reg. 2.49..
1 Kfc&. 6.75
NYLON. RAYON. COTTON
9 Assorted Hand Cut Crystal Vases,
Candy Dishes, Fruit Dishes. Reg. to 17.95
Assorted Hand Tools Wrench Sets,
Screwdriver Sets, others Values to 4.95
Sunbeam Ironing Board Cover and Pad
. Reg. 3.00
Imported Ceramic Vases, Ash Trays,
Candy Dishes, etc. Values to 4.95 -
102-pc. Service for 12 Stainless Steel
Flatware. Choice of Patterns. Reg. 29.95
Dozens of Radios Many colors, styles,
etc., including portables
All Kitchen and Wall Clocks - No
Exceptions. '
595
88c
joo
100
1588
OFF
OFF
...Now 88c
.Now 1.69
..Now 1.88
..Now 6.88
..Now 1.00
Many, Many More
Items Too Numerous To List Here!
Decorated Heavy Coffee Mugs Reg. 40c ea., Now 6$l
10 Ball Point Pens-Reg. 2.95 Now 1.00
3-Pc. Luggage Set-Reg. 39.95 Now 24.95
Package of 3 Extension Cords Reg. 1.98 Now 88c
Wood Barometer-Reg. 5.95....... Now 2.99
Arvin Heaters-All styles 20 OFF
8-Pc. Fireplace Ensemble-Reg. 49.95 ...Now 29.88
24-Pc. Stainless Service for 6-Reg. 7.95 Now 4.88
50x60 Telescopes with Tripod-Reg. 49.95, Now 29.88
Spartus Elec. Massage Pillows Reg. 14.95. ...Now 7.88
Z B LAN K E T
1
SIZE
72x84
NOW ONLY.
- Warm, Lightweight, Mothproof
288
I A Sunbeam ;
SHAVEMASTER "88"
ELECTRIC SHAVER
ONLY
12)88
NO
TRADE-IN
NECESSARY
1 ur y him
III 1 ! 'r,
Scientifically designed head opMingt
pop whiikars high for clour thavei. ,
rowerfal motor. Genuine pigskin case. .
Yfjt ' ONLY 50c A WEEK WT
SM f 50$j. ..PHOlll TODAY- SP 3-5348
cajNoa vnti.aausH VkUi rnvyi'fW sWjL fl iVZlWil 14
i-- rr r -i , v -i "i a. ii . ... - ii v
J I 14 see tow Pitcit
E jfja VM1 14 n. U An Nmt SHR. JOOO L.M. 1 i ti Mmm Cta ' Mi If 1 1 OPfll M
r "11 fW a tmr irdimiK anm, .Huh ana tm nm ww , II Ml taaOB 1
I aSiS mm " ". in Cmmtt T I, Mm . lak', WmI arftar Ummm
IT &5&9 GET Mir lulilm WM -Pc Miipui' m mtxmr .IlillinnrJ taf J rar'
Lfel4C9l HORIZONTAL BENCH STAND laL L2
jmnll aMf wol,f"olllt n Bnta rfrjl ' ' ' omma
www i mmmrn i m i n i.mmw? ; i
K Reg. 9.95
AUTOMATIC 2 -SUa
888
Chrome fifttih. fct
cefttrel, crumb tray.
Reg. 12.95 .
Auto. Electric
DEEP FRYER
and COOKER 1
8.88 51
NO MONEY DOWN
Vf ONLT25C WHK yi; NO MONEY DOWN I
Mfl MONEY; ONLY 5(H
llU DOWN'! WEEKLY!
AEG.
5.95
WEST BEND
STAINLESS
MIXING
BOWLS
P 388
I-PIECI SET
7 Ian ttaat bowli i I
Wm at for aay
I W (tera.
ONLY 50 WRR
mmmua
Zmn0 6iTMU 1HISB MTlACHMtinS! Vit ron oust mc
HO DOWN PAYr.lENT
'34.30 VALUE!
WTVFH BSTOBE aach a W
dovl ceafaa CUs with cm onilnuiy dril
mm woo d par masr. many aot
far Am Fatrbanka Ward I
DriD alaea If wmrm not tor qwd
ate! YOU GET EVERYTHING PICTURED
. -. fmM. all 41 ptoeaa at oca nrrfinnnlry
low phcml Hera la wything jtm wmd
to bov too motwr oa ham rmpabm .
Zd a urninln DaLm EL Odar texJcryi
.a -saw aaKaBF mm w w amct i
Htm.iiu.hi.'i.i'.i.
rraaiaf
AS LOW AS 25c PER WEEK
WEISFIELD'S JEWELERS
122 E. Main, Medford .
- Please send the 41-pc. Deluxe
Drill Set as advertised at 16.88.
I enclose S and will send
. a week or
a month until balance Is paid.
NAME , '.'
ADDRESS-CITY
ZONE
STATE
EMPLOYED BY
. HOW LONG?
REFERENCES: .
PRIEST 5-PC
. ELECTRIC
f HAIR CUT SET
REG. 5)00
1 Af
Profauionat ratutH wrlfc
handy koma kaircut sat,
. . 25 Will
fill AiVl
12.95 V4LUE
BURGESS ELECTRIC
PAINT SPRAYER
00
HOW
ONLY
Sapphire aenfa, ataia
tu steal piitoa. vet-
04ILY Ue WRK
riAA A4V
122 E. Main SI. o Phone SP 3-5348
Medford, Oregon
Store Hours: 9:30 a.m. to 5:30 p.m.
t