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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 6, 1962)
; ' ; RECEIVES PLAQUE- Edward F. Boll. Gold Mill, received a plaque from Miss Eugene. Mary Sue Wonlfolk. (or service as past president of the Oregon Motor Hotel association, dur ing the group's 18th annual convention and merchandise mart recently held in Eugene. (Scott Hill photo) ,.Jf SAVE ON TAXES NOW II HOW TO SHIFT INCOME, EXPENSES Because of the prospect for across-the-board lax cuts in - 1963, it would be sound lax strategy for millions of you to try to shift some income from 10S2 into 1063 and to move ahead into 1962 deductible expenditures which you other wise might hold off until 1963. By so doing you'll reduce . your 1962 taxable income and raise your 1963 income, and if your 1963 tax rates are cut, you'll achieve an over-all tax saving. Here are ways you can manage this. If you earn money by performing services, don't press for all your payments this year. Let some of your bills for services you perform this year run over and be paid in 1963. If you sell property at a gain, don't take more than 30 .per cent of the selling price, for this will allow you to report the income only as you get the balance of your payments. If . you take anything over 30 per cent, you'll have to report the entire profit at once; even a 31 per cent payment dis . qualify you from using the instalment method of reporting . your profit. If you plan to cash in some U. S. savings bonds, delay . your cash-in until January 1963. Then the interest you have . earned on these bonds won't be taxed until 1963. If you have deductible expenses which you normally would meet in January 1963 bills for taxes, interest, med ical care, the like see if you can pay them before Dec. 31, 1962. You can pay bills for interest and taxes even if they aren't due untrl next year. As an illustration, say you have a real estate tax bill of which half is due in October, half in April. You can prepay the April 1963 instalment . In December. , If you have a business which is run as a corporation, your goal should be clear. If your corporation's income is ..over S25.0(0 in 1962 and in 1963 or under S25.000 in 1962 and in 1963, you should try to throw income into 1963 to get the benefit of any corporation tax rate reduction which is voted. The one significant exception to this general goal covers corporations which will have under $25,000 in one of these two years and over S25.000 in the other. The reason is that income up to $25,000 is taxed at 30 per cent, while income over $25,000 is taxed at 52 per cent a 22 percentage point difference. Even assuming corporation tax rates are cut in 1963. this 22 point spread would not be narrowed to less than 17 points at best. Thus, the overriding aim of these corpora ' tions should be to try to shift income from the over - $25,000 year to the under $25,000 year whether that is , 1962 or 1963 in order to save the huge 22 or 17 point spread. If you are a self-employed business or professional man, ..you will be able, beginning with 1963, to set aside tax de ductible funds for your retirement under one of the major . tax laws passed this year. The law, though, limits the amount : of the annual contribution which you can set aside for your self to 10 per cent of your net earned income, but under no circumstances to more than $2,500 a year. If you, as a self-employed person, want to increase the amount you can contribute next year under the 10 per cent limit, you may wish to try shifting some of your 1962 in come into 1963 so that the 10 per cent will apply to a . higher net earnings figure and give you a bigger permissible contribution. This is entirely apart from what you might do because of the outlook for tax reduction. If you are under 65, you can deduct medical expenses above 3 per cent of your adjusted gross income. If your 1962 medical expenses are close lo this requirement, you should try to bunch into these nexl several weeks expenses you know you'll have in the months ahead so that you can boost your expenses above the 3 per cenl level and thus let the government share in paying your 1962 bills. You ' could speed up medical or dental work you now plan to have done in 1963 and pay for the treatments before Dec. 31, if this will create a medical expense deduction for you this year. More on this in a future column. Next: Benefiting from stock losses. Counsel With . . . Mr. Insurance Fred Brennan F. R. Brennan, C.I. A. Insurance Agents jt MEDFORD INSURANCE Agency PHONE 773-7343 27 North Holly Street I Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. i FOR ALL YOUR INSURANCE NEEDS, SELECT A CERTIFIED INSURANCE AGENT. QUALIFIED There are Two QuaMu Last Link By ROY McGHEE United Press Inlern-'tonal Washington - IVPI' - Some time early this winler a Cos ta Riean laborer will pull down a barricade blocking ac cess to a bridge across a trop ical stream. A truck - or maybe a color fully decorated donkey cart will roll onto the span and make a crossing that only minutes before might have taken several hours That vehicle will be the firsl to use the last-built link in the Inter-American high way. North and South Ameri ca will at last be linked by land. Officials of the U.S. bureau of public roads are unable to pinpoint the precise day when the last of 39 bridges re maining to be built are fin ished. But they are sure it will be by Dec. 1. Whenever it is. on that date a dream of centuries will be realized an all weather road linking every country of the North American con tinent. The Inter - American high way will be finished. And with its completion, less than 500 miles will remain to be built of the bigger Pan American highway, which will connect Alaska to Ar genlina and Chile the Arc tic lo the Antarctic. What is the military signifi cance of this new backbone of the Americas? This is a se rious question as Cuba forces re-examination of U.S. inter ests to the south. Defense and stale depart ment security officers as well as the joint chiefs of staff have clamped a secrecy cloak around information as to how the highway might figure in future military situations. These two questions were put to all three agencies: (1) Motor Inn Uniqueness Guests at Washington, D.C, Motel May Now Have Services of Concierge By DICK WEST Washington - HTII - When you build a new motor inn, as many people are doing these days, it is cus tomary to in clude at least one "novel f e a t u r e." A "novel fea ture" is what makes your new motor inn different from the other new wt motor inns and enables you lo advertise it as "unique." The new International Inn which opened here recently is being advertised as "Washing Ion's most unique motor inn." Only in Ihe motor inn busi ness do you find degrees of Reading Group To Meet Nov. J At Hedrick JHS The firsl general meeting of Ihe newly organized Rogue Valley chapter of the Inter national Reading association is set for Wednesday, Nov. 7 at 7:30 p.m.. in the speech room of Hedrick Junior High school, Lee Mcrriman, Mcd ford, publicity chairman has announced. The chapter had ils begin ning during the spring term at Southern Oregon college. As a result the group was or ganized and this fall received ils charier and constitution. The International organiza tion was formed about two years ago. beginning on Ihe east coast. It is hoped to make it a world-wide activity, Mcr riman said. Tile local chapter is made up of Jackson county elemen tary and secondary teachers wilh some teachers from Josephine county attending. Reading Approved The Wednesday evening program will be given by Miss Jeanne Hastte, assistant pro fessor in education at South ern Oregon college, who will speak on the Harrison and McKee approach to reading. This will be an open meeting and teachers are invited lo take fellow leachers as guesl.s, Mcrriman pointed out. Re freshment will be served. Oliver Erickson, Medford, Is president of the new group; Miss Marie Prescott. Ashland, vice president; Mrs. Agnes Rupp, Phoenix, secretary, and Ralph Humphreys. Eagle Point, treasurer. Mrs. Jeanette Thompson, Medford, heads the member ship committee and Mrs. Erma Bonn is social chairman. Interest Increases In Survival Classes Montpcher. V..-tPli - Abonl 340 persons attended a civil defense survival training clas Monday night. Averag nd' 40". IrnHanre before Die C MEDFOHD MAIL TRIBUNE, MEDFORD. OREGON In I How does the highway figure in me lnieramerican neiensc system'? and (2) Docs it have I any particular significance in i the current Cuban crisis'? I The three agencies answer ed jointly as follows: "Both of these questions concern military planning and as such answers are considered secur ity information " Robert E. Ide, a bureau of public roads official assigned lo the Inter-American high way, recalled that the road had definite military signifi cance during World War II. But he said that lo his knowl edge defense department of- Try and By BENNETT CERF- (LANCY, TRAFFIC COP at a busy Main Street corner J for twenty years, celebrated his birthday just a bit too riotously and had to call the station house to say he was so ill he couldn't report for duty. The chief urged him with unexpected un derstanding just to go back to bed and sleep it off. "The chief is getting soft in his old age," re flected Clancy contented ly. Of course, he couldn't know that at that very moment the chief was telling his sergeant with a chuckle, "Poor Clancy's got one beaut of a hang over. Wait 'till he rea lizes this is his day off!" Alan King complains that his wife is such a compulsive shop per, c;cry department store In town that is planning a sale phones hor first to make sure she's available. King also confides that the town he hails from is so small the barbershop quartet consists of three people. "The quickest way to make a tossed salad," suggests a food columnist, "is to feed vegetables to an 18-month-old child." C 1963, by Bennett Cert. Distributed by Kin Features Syndicate uniqueness. I It is fairly common for a hew motor inn to claim to he ! "uniquer" than other new mo tor inns. But a claim of "uniquest" is rather rare. I slopped by the Interna tional one morning this week lo see what "novel features" it might have. H has a number of them, the uniquest of which in my opinion is Manuel Gon zalez. Gonzalez is a concierge. As far as I know, he is tha only motor inn concierge in America. Most European hostelries have concierges, but they have never caught on much in this country. Gonzalez has been taking concierge lessons for the past few weeks from Alberto Pin to, who for 41 years held that position at (he Hotel Excelsior in Rome. He feels he is now ready for the public, but he fears the public may not be ready for him. There is a question as lo whether motor inn guests will know what to do with a con cierge now that they have one. Since I would fall into that category myself, I asked Pin to, who is preparing to return lo Rome, what it is that a concierge dors exactly. As he explained it. a good concierge has an "in" in all the right places and can pull strings to get things done for the guests who seek his services. Pinto, for instance, has been described as "the most influential man in Rome, next lo the Pope." He has done You May Have TERNITES Thnp "flytnc wits" may nwRrmlnjf trrmlt. Onrt op twice ent'h yenr a fw of t.h termites, the winged renrn hiptiven. wjirm from their frround nest to start new rn? onir. Swarmer termites lenv bhmrl them thousands of worker termites to eat thr wond in your home. Call Tcr minix for free inspection. 3-WAY OUABANTIC Yoti ran nrnd on TermlnfX Service guaranteed by; 1. I-ocl Bruce Termini license?. 2. E L Bruce Co . world s Ijtrgeit maker of hardwood (loon. X, Sun Insurance Office. Ltd. for fret Inipecfion, Write or Ptonei BIG PINES LBR. CO. 6th & Fir 773-5333 Ai AriVerf lietf fa "The off' ' fMlitiiS.i Inter-American I fieials have nut been consult ed on construction since then. American Specifications I lde added, however, that the road has been built to American "ABC" specifica tions. Ide also noled that individ ual countries through which the highway passes have sov ereign control over their sec tions. He said he assumed per mission would have to bo re ceived from any country be fore military use could be made of the road in that coun try. But the strategic impor tance is still there in the ecu- Stop Me about everything from renting a private airplane for Barbara Mutton to arranging audiences at the Vatican. After talking with Pinto, I could understand why con cierges are still a "novel fea ture" in Washington. Up to now, at least, there hasn't been much need for them. There have been a lot of fel lows here who performed that type of service, only they weren't called concierges. They were called "five percenters." " J J f 1 ' S i , , ! ' v ! ' ' ' i ' ' " ' ' 7: V": :, :V $v rf ,rLf .7: . "7;. '-v t . 7 - . 7ji, gr " !; , . . V7"! . - iv'Vj V " -I'd JTf&x,. ..; '; . : ;, I . Vi - : O"? X.J.7 : ' 7j - ' , C i - I . ' 'v I JQC How do you persuade a reluctant youngster that music is not "for sissies"? II Classroom teachers of the West, Alaska and Hawaii do so with the help of our Standard School Broadcast, which, by dramatizing music from symphony to jazz, adds a colorful dimension to learn ing, fl Gary and 2Vi million other boys and girls hear this weekly radio program in their classrooms. &3 Has it inspired in Gary a zest for the violin? Honestly, no. Rut he now thinks the trombone is "swell," and plays it with vigor. His parents credit this new interest to the Highway nomic and cultural linkage. ! One of the greatest boons American planners see com ing from completion of the highway is increased econom ic activity among the Central 1 American countries, j "The highway will open up I commercial intercourse be- tween those countries and in crease it beyond calculation," I Ide predicted. He added that this would be the chief bene- !it of the road economically, j rather than increase trade be tween the United States and Central America. ' Common Market j Ide said a prime example of the widespread economic benefits springing from the road was the Central Ameri can Common market. This would be impossible, he said, without the highway. But the Yankee dollar is certainly not discounted as a benefit by Latin business men. They see a rich new harvest of tourist money coming their way. Inevitably, completion of the highway will mean great er cultural intercourse among the Americas. Government agencies are not officially con cerned with this aspect of re sults the highway is expected lo bring. But they nole that anything that makes interna tional interchange easier has a cultural impact on all coun tries involved. A hard-surface, all-weather road connecting the nine North American countries has been a hemispheric dream al most from the time of discov ery of the new world. But less than 100 years ago in 1884 to be exact the Amer ican Congress first gave seri ous consideration to such a link when a proposal was made for a Pan-American rail road. The first conference of American states held in Washington in 1889 consid- To Open ered this idea, which also was discussed at later conferences. Today and $138 million lat er, the 3.142-mile road is all but complete and completion is assured this year, barring natural disasters. The northern terminus of the Inter-American highway is at Laredo. Texas; the southern end at Panama City, Panama. At Laredo, the highway joins the United States road net work, including the new inter slate system of superhigh ways. At Panama City, it joins a Panamanian highway south into a tropical rain-forest type jungle. After a few miles the road peters out. But the Agency for Inter national Development (AID) has agreed to put up $3 mil lion for a planning survey for 450 miles of all-weather road through the jungle. This high way would connect with the Colombian national highway system, which in turn con nects with roads lo the rest of South America. The AID funds are consider ed as part of the Alliance for Progress. Had to Ferry Stream II has been possible lo drive lo Panama, and even beyond, from the United Slates for a number of years. But automo bile.! had to be ferried across many streams, and frequently detours had lo be made around slides and washouts. At present, there are 39 bridges incomplete all in a 133-mile stretch in Costa Rica. In addition, there are 420 miles of gravelled-snrfncc road, but paving is continuing on many of these miles. Bureau of public roads of ficials will start test runs over the compleled highway as soon as the Costa Rican bridge is completed. But the official international opening of the highway will be next May. That month a formal tour, for Visit Beautiful engn urdeitdr Memorial Park and Funeral Home "A Name To Trust" 1395 Arnold Lans Phone 773-7338 Gary used Planning TULSDAY. NOVLMBEH 6. 19E2 This Year Latin Americans coming to the Inter - American Confer ence and a Pan American Highway Congress here, will i V L The business builds better - lW7t Insured Savings and Loan Associations like ours are the nation's largest source of home loans. When you save with us, your money ... in addition to earning excellent returns for you . . . helps develop our community. Start a savings account with us, soon I CURRENT DIVIDEND 4 PER ANNUM Investment made by the tenth earns as of the first and LOAN ASSOCIATION 201 West 6th Free Cuiromer Perlcmg In Our Let Robert F. Kyle, Mgr. to fiddle awful soui classroom music. S Who knows how many children have discovered an exciting new world through this public service program? It has just started its 35th consecutive year, so we have served quite a few school generations. 3 Tune in some Thursday. Adults enjoy the program, too. ahead to serve you better STANDARD OIL COMPANY be organized. Tourbis are expected to flock soulh of the border aft er this tour and the Allianca for Progress may get ils big gest boost yet Yankee tour ist dollars. , J 4 that communities! OF CALIFORNIA I rr"is wa between 30 a
