Neuberger Urges Higher Gas Taxes, Postal Kate Mike
!
Washington-fUPB-Sen. Rich
ard L. Neuberger (D-Ore.)
urged Congress today to face
cold war realities and boost
taxes and postal rates by al
most $3 billion a year.
His four proposals includ
ed President Eisenhower's re
quests for highway fuel tax
and postal rate increases and
two of Neuberger's own.
These would hit corporations
by restoring the wartime ex
cess profits tax "and cutting
the oil-gas depletion allow
ance from 27V& to 15 per cent.
Not Easy Program
"This is not an easy pro
gram," Neuberger said in a
prepared Senate speech. "It
holds out no illusions that the
way ahead is strewn with
rose petals. It asks sacrifices
of the high, the low and the
in-between.
"It recognized the grim fact
that we are engeged in a cold
war with a mighty colossus,
the Soviet Union, and that
the survival of the free world
may .depend upon our capac
ity for sacrifice and unselfish
service."
Neuberger said the Ameri
can people will "respond af
firmatively" if they are "told
the truth."
His four bills would pro
vide this revenue:
-S724,000,000 in fiscal 1960
from a IV2 cents a gallon in
crease in the tax on gasoline,
diesel fuel and special fuels.
Similar Bills Offered
-$325,000,000 by lowering
the depletion allowance for
oil and gas to 15 per cent.
Similar bills have been of
fered by others. 5325,000,000
by letting the Post Office De
partment set fair postal rates,
subject to Congressional and
Presidential veto.
-$1,600,000,000 by reinstat
ing the excess-profits tax of
1950. Neuberger said this esti
mate was hazy and represent
ed the amount derived in
1953, the last prior year of
operation.
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24
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Roundup President
Cites Roping Rules
Pendleton -UPD- In reac
tion to a bill introduced in the
Oregon Senate by Jean Lewis,
Portland, which would halt
steer roping Pendleton Round
up President R. J. Bouer said
Wednesday that the Rodeo
Cowboys association has rules
to prohibit cruelty to animals.
Sen. Lewis introduced the
bill at the request of the Ore
gon Humane society. The bill
provides that any person "who
engages in a contest in which
cattle or other animals are
roped as a test of skill for
any money, prize, title or
championship, shall be fined
not less than $100 or more
than $500."
Bauer said the association
. rules quickly disqualify a man
,who shows cruelty to animals
"Actually the performers
1 in the Pendleton Roundup
; who rope have a more kindly
feeling toward the stock than
j the average spectator because
they work with them all the
time," Bauer said.
CORD ANKLE SLACKS
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Libel Verdict
Favors Bishop
Portland -(UPD- A Circuit
Court jury Wednesday return
ed a verdict for Bishop A
Raymond Grant and 10 lead
ers of the Oregon Conference
of- Methodist churches in
$500,000 libel suit.
The suit was brought by
Rev. George Smith Brown
head of the Oregon Anti
Liquor league. The Rev
Brown contended he had been
libeled by a report published
in a church publication which
said he had no authorized
credentials or status in any
conference of the Methodist
church as a minister.
MAIL TRIBUNE, MedW, Oregon, TfcurjJay, March S, 1959
WaBI Street Chatter
New York - (UPD- The cur
rent stock market pattern,
says Bache & Co., points to
still higher price levels over
the near term.
Subject to moderate reac
tions, we feel that even better
prices are ahead and that in
vestment funds will continue
to be committed into the
stock market, for common
socks apepar to be favored ov
er any form of investment at
this time, according to Van
Alstyne, Noel & Co.
Dean Witter & Co. sees the
union of Kern County Land,
dependent on oil royalties,
and Walker Manufacturing
Co., auto parts maker, as an
important step in Kern Coun
ty's diversification program.
Combined earnings for the
two are estimated at $3.16 a
share for 1958 and the firm
forecasts they will rise by as
much as 35 cents a share in
1959.
Walston & Co. holds Lock
heed Aircraft seems to have
speculative potential as a
space age issue and says earn
ings should be fatter, possibly
10 or 15 per cent higher this
year than the $3 to $3.15 esti
mated for 1958. Walston.
point's out Lockheed is plan
ning exploration of flight
problems up to 10 times- the
speed of sound.
Bohlen Presents
America's Views
Manila -(UPD- U. S. Ambas
sador Charles E. Bohlen pre
sented the American view on
current . U. S.-Philippine dis-
putes to President Carlos P,
Garcia and Foreign Secretary
Felixberto Serrano at a 2V-
hour conference today.
Press Secretary Jose Nable
said the meeting was charac
terized by a "broad exchange
of views on problems affect
ing Philippine-American re-
lations."
The problems awaiting so-
lution include a Philippine de
mand for increased jurisdic
tion over U. S. servicemen
stationed in this country and
for prompt payment of a bil
lion dollars in claims filed
against the United States.
U. S. men spend about $150
million a year for hats.
Mil 7tut
An oil-purpose hydraulic Ironsfer
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Medford Phone SP 2-8957
Of?.
PORTLAND
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