immediate Tax Cut Urged To Promote Economic Growth
Across-the-Board
Sales Tax Would
Offset Cash Loss
Washington -ITD- The U.S.
Chamber of Commerce today
urged an immedate tax cut
for all individuals and corpor
ations to help stabilize the
dollar and promote economic
growth.
The business organization
said the revenue loss could be
offset by a temporary across-the-board
sales tax.
Said Vitally Needed
The chamber said the tax
reductions are "vitally need
ed." It threw its support be
hind two House bills which
gradually would trim the low
est individual tax bracket
from 20 to 15 per cent and
the highest from 91 to 47 per
cent. Other rates would be
reduced on a graduated scale.
Corporate income tax rates
would be cut from 52 to 47
per cent, with some modifica
tions in depreciation allow
ances, capital gains, estate and
gift taxes.
The House bills, proposed
by Reps. A. Sydney Herlong
Jr. (D-Fla.) and Howard H.
Baker (R-Tenn.), would pro
vide a gradual tax reduction
over a five-year period. The
immediate revenue loss would
be about $3,500,000,000.
New Business Activity
The chamber said the re
ductions would stir up so
much new business activity
that they would soon increase
the government's revenue. It
said the tax burden would be
more equally distributed and
incentive . would be provided
for business to expand and
create more jobs.
The outlook for a tax cut,
however, is dim. The admin
istration has given no indica-
tion it will seek reductions
next year and the Democratic
leadership in Congress has
made it clear it will not press
for cuts until the administra
tion says they are appropriate.
Local Youth Gels
Honors, Scholarship
Corvallis - Karl D. Cum
mings, 1900 Cherry Heights,
Medford, is one of 47 stu
dents to receive "junior hon
ors" this fall at Oregon State
college, where he also has
been named winner of a mu
sic scholarship.
Junior honors are con
ferred by the OSC chapter of
Phi Kappa Phi, national scho
lastic honor society, on stu
dents who have completed
their sophomore year with a
grade-point average of at
least B plus.
Cummings music scholar
ship will cover private les
sons throughout the year.
Funds for the scholarships
come from contributions by
interested individuals and
clubs on campus and in Cor
vallis. He is one of seven to
receive the scholarships.
BODY TO LIE IN STATE
McGuire Air Force Base,
N.J.-UPD-The body of former
Colombian President Alfonso
Lopez was scheduled to ar
rive here today by British
plane from England and lie
in state for about 10 hours
before being picked up by a
Colombian plane for return
to Colombia. Lopez died in
London last Friday while
serving as Colombian ambas
sador to Great Britain.
Medford
Tribune
Regional Edition
Page 2
like To Ask World
Court Veto Repeal
Washington - (UPD - Presi
dent Eisenhower will ask Con
gress to strengthen the World
Court by giving up this coun
try's power to veto considera
tion of any case involving
the United States.
Such action, he said, would
place the United States in a
better position to urge other
countries to agree to wider
participation of the court.
Then, he indicated, the
world would have a more ef
fective means of coping with
and preventing such "brutal
uses of force" as the Commu
nists displayed in Hungary
and Tibet.
Eisenhower announced his
intention in a letter to Sen.
Hubert H. Humphrey CD
Minn.) Thursday.
Asks Clause Repeal
Specifically, he said he
again would ask Congress "on
an appropriate occasion," to
strike from an international
agreement the requirement
that America must decide for
itself when a case involving
this country falls within the
court's jurisdiction.
Humphrey had written the
President seeking his support
for a resolution to repeal the
clause. The reservation was
authored years ago by Sen.
Tom Connally (D-Tex.).
The President said that
elimination of it now would
"contribute to the greater ef
fectiveness" of the court.
"One of the great purposes
of this administration," Eisen
hower said, "has been to ad
vance the rule of law in the
world, through actions direct
ly by the United States gov
ernment and in concert with
the governments of other
countries."
Cites Defense Pacts
He said the United Nations
and U. S. defense pacts with
other free world nations have
provided a "powerful deter
rent against international law
breaking" but this was not
enough. '
The President cited Hun
gary and Tibet as examples
of how a stronger World
Court could have come into
action if it had held juris
diction. Eisenhower also stressed in
his letter the importance of
devising effective means of
controlling and reducing arm
aments. "Success in this quest
will bring great security to
all countries and lift the
threat of devastating nuclear
conflict," he said.
Stocks Extend Gains
In Quiet Trading
New York-IUPD-Stocks ex
tended opening gain's today in
quiet trading.
Turnover was light as
many traders stretched the
Thanksgiving Day holiday in
to a four-day week end.
Tobaccos reacted to the
latest talk linking cancer
with smoking and R. J.
Reynolds toppled nearly 4
and Lorillard a point.
Curtiss-Wright opened late
on a block of 15,000 shares
up a. It rose in subsequent
dealings to more than lVfc.
The cut in Curtiss-Wright's
dividend Wednesday two
days after the company dis
played a new engine brought
wide price movements in the
company's stock and touched
off, inquiries by the Securi
ties & Exchange Comission
and the big board.
Wimberly Elected
To Association Post
Carl F. Wimberly Jr., of
Western Lumber, Inc., Med
ford, was elected one of the
vice president of the Western
Lumber Marketing associa
tion at a recent meeting in
Portland.
Harold H. Saltzman of Ore
gon Pacific Lumber company,
Portland, was elected presi
dent. Other vice presidents
are Gordon S. Giovanelli,
Bellevue, Wash., and James
Mounsey, Spokane, Wash.
Dean Lambert of Medford
was named to the board of
directors, as was Wimberly.
the THERMADOR A TVIMS
I HEAT YOUR a
m , hlRSI ANl Kttr hiS
If H EAT FROM Pi U NG
Electronics displayeda
firmer tone after substantial
profit taking Wednesday. Lit
ton jumped more than 3, Tex
as Instruments, Zenith and
Varian a point or more. IBM
added 4.
U.S. Steel was firm in the
steels. Bethlehem eased.
American Motors tacked on
a fraction, Chrysler more
than a point.
Stripper Believed
Heading for Prison
Las Vegas, Nevi-dJPD-Strip-per
Candy Barr and her new
husband quietly checked out
of their honeymoon hotel
Thursday night while author
ities in two states maneuvered
for her extradition to start a
15-year prison sentence.
The whereabouts of the
shapely dancer were unknown
today, but it was believed by
her friends that she was re
turning to Dallas, Tex., to
start serving the long prison
term handed down in 1957
when she was convicted of
possessing marijuana. She is
free on $5,000 bail.
She told friends Thursday
after learning that her final
appeal to the U.S. Supreme
Court had been turned down
that she planned to serve out
her prison term before set
tling down with her latest
spouse, beauty shop operator
Jack Sahakian, 28, of Beverly
Hills, Calif.
DEATH DEMANDED - A Cuban govern
ment attorney has demanded death by a
firing squad for "Col." Austin Young, left,
of Miami, Fla., alleged leader of an anti
government band in western Cuba, and 30
year's imprisonment for "Maj." Peter J. -Lambton,
right, a British-born American
said to be Young's chief lieutenant. Aldo
Prieto Morales also urged that 36 Cubans
arrested with the two Americans after a skir
mish in Pinar del Rio Province two months
ago be imprisoned lor 30 years. The 38 men
were charged with plotting against Premier
Fidel Castro and murdering a soldier killed
in a clash with the band. - (UPI Telephoto)
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COMPOSER DIES
Cowes, Isle of Wight, Eng
land - (UPD - British composer
Albert Ketelbey, 84, author
of "In A Persian Market,"
"In A Monastery Garden"
and many other light musical
compositions, died
home Thursday.
at his
TAX LAWYER DIES
Peekskill, N.Y. -(UPD- New
York lawyer Montgomery B.
Angell, 70, nationally known
expert on tax legislation, died
Thursday in a Peekskill hospital.
. . . they look like', feel like, cuddle like furs such fun
for brightening up the great outdoors in Cardigans and
Pullovers In luscious holiday colors of white, gold, mint
green, pink, coral and Christmas red.
Furry orlon pile jacket with knit collar and cuffs. ....9.98
Orion pile pullover with a collared neckline 8.79
Local Man Named
Head of Group
Of State Engineers
W. J. Marquess, Medford
consulting engineer, has been
named district disaster con
tact engineer for the public
disaster committee, which has
been created by the Consult
ing Engineers Association of
Oregon as a public service
project.
James C. Howland," manager-partner
of Cornell, How-
land, Hayes and Merryfield,
Corvallis consulting engineer
ing firm, is chairman of the
committee.
Purpose of the committee
will be to cope with disasters
such as the Roseburg disaster
of last Aug. 7, when part of
the downtown area was blown
up. At that time, a group of
consulting engineers volun
teered their services, and
helped decide what buildings
could be safely used. The en
gineers drew warm praise
from Roseburg city officials.
Seven Districts
The association has divided
Oregon into seven districts,
with a disaster contact officer
in each.
In case of disaster, a repre
sentative of a public agency
will call the district disaster
contact engineer, who is turn
will notify the association's
president in Portland or an
other officer. The district
chairman will go to the scene
while the state association is
assigning assistance from its
membership.
"The services of the Con
sulting Engineers association
will be voluntary and will last
only through the immediate
period of extreme emergency
action," Howland explained.
"Quick action on our part will
be invaluable in most situa
tions to help an area recover
or at least know how quickly
it can get back on its feet.'
. J. IN THE MEDFORD SHOPPING CENTER '
ji SHP M0NDAY AND FR,DAY NIGHTS JILL 9
...urn. Mr i' c :mt
r- c i6. xe m
IT'S A WONPfRFUt ST
Saturday
Check
List
OF GOOD VALUES
orlon pile pullover
only 8.79 . . . should be 9.98. The
velvet, look in sweaters. The fur-like
brushed pile is kitten soft orlon. See
our ad in tonight's paper.
Formals
only 25.00. A large selection of many differ
ent styles at this one magic price. It's worth a
trip to Medford to shop La Pointe's.
wool jersey sheath dresses
only 15.95 . . . should be 19.95. All
lined wool jersey sheath dresses, 3k
sleeves, high cowl neckline. Perfect for
jewelry or scarves. Matching satin belt.
Royal, white, turquoise, black or mint.
cotton quilted dusters
only 7.98 . . . Nationally 8.98. Small floral
print on pastel background. Nylon lace trim
on Peter Pan collar, cute pockets and on deep
yoke in back. Pink or blue. Run for your gift
list.. .' ' - ' -
SHOP FRIDAY
AND MONDAY
TILL 9
In the Medford Shopping Center
maternity skirts
only 3.79 . . . Nationally 4.50. Made of lovely
corduroy with helanca stretch front. Black, red
or moss. Also corduroy pedal pushers at the
same pleasant price.
slips
only 3.29 . . . Made to sell for much
more. Nylon tricot slips with smocked
bodice. Trapunto trim at hem edged
with double nylon. Bodice lined in tri
cot. Fits Christmas budgets.
nylon briefs
only $2.85 for 3 pair . . .Nationally 1.25 each.
Fancy nylon briefs. Lace trimmed or embroid
ered. Several different styles in white, pink,
blue, red or black.
all purpose coats
only 15.95 . . . instead of 18.95. Water
repellant poplin quilted lining. Furry
orlon pile hood which converts easily
into a large collar. Timberline green or
beige. Smart.
dacron-blend blouses
only 3.79 . . . Should be much more. Simple
button channel front match collar, roll-up
sleeves. In fine combed cotton and dacron.
Washes easily, drips dry white tangerine,
turquoise.
fancy pants
only 9.98 . . . Nationally 11.98. Beau
tiful cottons imported from all over the
world. Jaquard woven stripes and
prints, hidden zipper fits like a dream.