MEDFORD MAIL TRIBUNE. MEDFORD. OREGON
MONDAY. AUGUST 27. 1962
A 5
Plant Chapter Group of
Crusade To Meet Tonight
The plant chapter commit
tee of the United Crusade will
meet at the Pacific Power and
Light company at 7:30 o'clock
tonight.
The plant chapter commit
tee, composed principally of
Crusade board members, ser
vices more than 80 firms in
business and industry in
Jackson county.
The firms are, for the most
part, those which have large
employee groups, and which
otter payroll deduction priv
ileges to employees, allowing
them to make contributions to
the United Crusade campaign
hy the payroll payment
method.
At the Monday evening
meeting, plant chapter com-
miltce members will receive
final training instructions for
Local Postal Clerk
Attends Convention
Medford Postal Clerk Nor
man E. Jahn attended the
32nd national convention of
the United Federation of Post
al Clerks in Portland last
week.
The convention meeting was
addressed by Postmaster Gen
eral J. Edward Day and other
lop post office department of
ficials and members of Con
gress. The union delegates settled
legislative goals for the next
(wo years and determined
, guides lo be used by their na
tional officers when they
meet next month with post of
fice department officials to
begin historic collective bar
gaining talks concerning
working conditions and per
sonnel policies. Salaries will
still be determined by Con
gressional legislation.
DIVORCE PLANNED
Las Vegas, Nev. -0IPH- Co
medienne Carol Burnett, who
opened a two-week stint at
the Sands hotel here earlier
last week, disclosed Saturday
that she plans to divorce her
husband, Donald Saroyan.
DIES IN FALL
Cannon Beach, Ore. (UPD
Kcndrick Charles Hawkcs Jr..'
Ifl. Bcllevue, Wash., was kill
ed when he fell from the side
of Hayslack rock on the Ore
gon coast near here Saturday.
the campaign and their cam'
paign supplies for the firms
to which they have been as
signed. Supplies will be deliv
ered to the firms as quickly
as possible.
Some of the firms will be
able to complete the solicita
lion of employees prior to the
official opening of the general
campaign scheduled Sept. 17.
To Start Program
The Copco division of the
Pacific Power and Light com
pany has agreed to start its
solicitation program immedi
ately, conducting a pilot pro
gram that campaign officials
believe will serve as an incen
tive and model for other firms
to finish their solicitation
work as completely and rapid
ly as possible.
N. H. Gladfelter, chairman
of the plant chapter commit
tee, stated the 88 firms in the
plant chapter group are ex
pected to provide 54 per cent
of the campaign goal of $167,
683 for 30 agencies. The plant
chapter committee has been
an essential part of the United
Crusade work since the cru
sade was started in 1953.
The name of the committee
is derived from the system of
establishing a crusade chapter
within an industrial plant or
business firm, the chapter be
ing authorized o conduct a
campaign for '.he crusade
within its employee group.
Not all of the firms listed
under the plant chapter com
mittee have actually establish
ed chapters. However, one of
the purposes of tiie committee
is to cultivate the firms that
do not have chapters to the
point that one may be formed.
Medford Man Awarded
Certificate of Merit
Dr. Wayne A. Frostad, Med
ford, has been awarded a cer
tificate of merit by the Amer
ican Society of Dentistry for
Children for his outstanding
work in pedodontics (chil
dren's dentistry) during his
senior year at the University
of Oregon at Portland.
The ASDC award is pre
sented annually to graduating
seniors of dental schools who,
in the opinion of the school
faculty, made the most out
standing record as an under
graduate student in pedodontics.
Try and Stop Me
By BENNETT CERF-
OLD COLONEL BEAUREGARD was a devil with the
ladies, still charming the daylights out of them at 77.
In fact, on his seventy-seventh birthday he adopted the
practice of cutting a
notch on his cane to
mark each new conquest.
That's what killed him
on his seventy-eighth
birthday. He made the
mistake of leaning on his
cane.
'
At a meeting of the In
numerable analyst who
summer at Provlncetown,
on the Up of Cape Cod, it
was noted that Dr. Beezle
bohm was glum as could
be. Pressed for an explan
ation, he reluctantly ex
Dltuned. "Remember that
patient I told you about who had a hallucination that he was '
going to receive a letter telling him that an unknown benefactor
in Texas had bequeathed him ten million dollars? After five
years of painful treatment, I finally cured the poor sap. Three
days later, he got the letter."
A three-time loser, up on the usual charge of grand larceny,
pleaded that he had acted under hypnosis, and had no Idea what
he was doing. The kindly judge advised him, "Better get hyp
notized again so you won't mind spending the next twenty
years In jail."
O 1962. by Bennett Cerf. Distributed br Kiof Features Syndicate
WORDS (hat COMFORT
Thou wilt shrw me
thr path of life:
in Thy prrsrnce is fullness of Joy:
at Thy right hand
there are pleasures for flymerft
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AgE YOU SLOW T0HK3HT? OR 15 AW STOW FAST?'
if
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Worth
By SYLVIA PORTER j
Copyright. Hsll Syndicate, Inc.
STOCK LOSSES CAN CUT YOUR TAXES
Millions of us have taken both losses and gains on our
stocks during this year of violently fluctuating stock prices.
The pain of the tens of billions of dollars of losses actually :
taken can be eased if you know how to use your losses to
save on your income tax.
The amount of taxes owed on the gains also can he
minimized by appropriate actions now that the market
has quieted at price levels below the historic tops reached in
late 1961-early 1962 and above the lows hit in May-June.
Usually, this sort of tax advice is given in late fall and
selling of stocks for tax purposes is concentrated in the final
weeks of the year. But not in 1962. Shrewd brokers and tax
accountants already are actively shifting the stock portfolios
of their clients lo achieve maximum tax savings. What the
experts are doing you can do too. First, a brief summary
of the key rules.
If in 1962 you sell a stock you held more than six
months at a profit, you have a long-term capital gain,
which will be taxed at no more than a rate of 25 per cent.
If you sell a slock you held six months or less at a
profit, you have a short-term capital gain, which will be
fully taxable at the regular rates applying lo your ordinary
income.
If you sell stock at a loss, you can use the loss to offset
capital gains, and there is no limit on the amount of offsetting
except that short-term losses must first be used to offset
short-term gains, and long-term losses must be used to offset
long-term gains. You also can deduct up to SI, 000 of any
excess of loss over your capital gains against your ordinary
income and can "carry forward'' your excess losses to offset
your future capital gains and up to $1,000 of ordinary income
in each year through 1967. Now to be specific.
If you look only losses this year, long or short-term: You
can use up to $1,000 of the loss as a deduction from your
ordinary income in 1962 and thereby save hundreds of dol
lars in taxes you'll owe for this year-the exact amount de
pending on the size of your.1962 income. Assume your losses
total $10,000. After deducting 51,000 from your ordinary in
come on your next tax return, you'll have $9,000 of loss
left. In 1963 you can use this to offset any capital gains
you take next year and, above those Rains, deduct up to
$1,000 from your ordinary income in 1963. You can repeat
the process in 1964, 1965 and 1967, after which any loss left
will be of no tax value to you.
During these months before 1962 ends, you well might
consider building up losses for future use. Or you might
decide to take any short-term profits which develop, for
you'll have these losses to offset them.
If you look only short-term gains this year: Those gains,
remember, are fully taxable at the regular rates applying to
to your ordinary income. Perhaps you have paper losses on
stocks you still own. You might consider taking them by
selling to offset your fully taxable short-term gains. Later
you can re-instate your stock investment if you wish; your
broker will assist you on this.
If you took long-term gains and shorl-term losses this
spring: You'll be taxed on your long-term gains at no more
than the 25 per cent rate. But it may be that as a result of
the recent stock market recovery, you now have short-term
gains in stocks you still own. You might take those gains
to offset your short-term losses. You'll still have lo pay no
more than 25 per cent on your long-term gains.
If you took both long-term and short-term gains but still
have losses on stocks you bought less than six months ago:
Taking these losses to balance against your short-term gains
will save on taxes you'll owe at the rate applying to your
ordinary income.
There are many more variations, of course, but these un
derline how important the right tax advice and the proper
re-arranging of your stock portfolio can be.
This year of all years don't wait until the last weeks of
1962 to talk tax strategy with your stock broker or account
ant. Discuss your position with the advisers you trust now,
ask now what steps it might be wise for you to take before
the end of this calendar year.
J u 3 M i
TOP QUALITY
MEAT
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Convenient Terms
JOHNSTON STORES
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MEDFORD Wesrgate Center
MEDFORD 13th and Central
ASHLAND Gateway Shop. Cntr.
El V
if 1 A