; ' ;
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
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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