Library Continues
To Report Growth
The first half of the current
fiscal year has seen the li
brary continue to grow but
at a less dramatic tempo,
Omar Bacon, librarian of the
Public Library of Medford
and Jackson county noted in
his mid-year report.
Highlight of the mid-year
was the Book-of-the-Month
club announcement that the
library has been chosen for
honorable mention for first
place in a country-wide con
test. The award will be given
during National Library week
on April 21. A cash sum of
$1,500 will be given to be
used for books.
Bacon noted a net increase
of 7,209 in books and other
items added to the system.
The growing book collection
is important since it is cor
recting a basic weakness of
the library system lack of
books, he said.
Services Added '
Several basic indexing serv
ices have been added to bol
ster the information service
to the community. These in
clude "Biography I n d e x,"
"Business Index," and "Edu
cation Index."
Home use of books has in
creased 2.77 per cent. Regis
tration of library users is up
707 persons or 27.61 per cent
over the number dropped.
"A new roof has been laid
on the original Carnegie struc
ture and ends a problem of
a leaking roof extending back
for many years," the librarian
reported. "Funds from the city
Give the gift you would
like to
VAN DUYN
CHOCOLATES
from
AVAN'S
In Iht
Medford Shopping Center
of Medford provided a roof
which should last the life of
the building."
Bacon noted that 1,100 gift
books were added to the li
brary and thousands more are
awaiting staff time for proc
essing. The Crater Lions gave
a projection reader for those
with sight problems. Friends
of the Library gave $75 for
recordings. Many volunteered
their time in helping the li
brary. Bacon said.
, The Prospect library branch
showed the greatest increase
in home use of books from
July through December with
20.49 per cent increase. Rank
ing close to it was Central
Point with 18.04 per cent in
crease. Others were: Medford,
1.31 per cent; Butte Falls,
14.52 per cent; Eagle Point,
16.04 per cent; Gold Hill, mi
nus 3.91 per cent; Phoenix,
minus .92 per cent; Shady
Cove, 16.43 per cent; Table
Rock, 9.23 per cent; and Tal
ent, minus 2.02 per cent.
Films Top Increase
Greatest increase in library
materials circulation was in
films for the adult depart
ment which was 172.72. A
greater magazine circulation
occurred during the July-December
period than fiction
and non-fiction books. How
ever, more fiction and non
fiction books were circulated
than magazines, 54,238 vol
umes of fiction and 32,749
books of non-fiction and 8,234
magazines. Thirty films were
circulated.
Juvenile reader? read 44,
232 volumes of fiction during
the six-month period compar
ed to 15,013 volumes of non
fiction. Greatest circulation
increases were 14.74 per cent
for pamphlets and 382.60 per
cent for other general mate
rials. In the adult department
during the six-month period
1,922 volumes of non-fiction
were added, 1,229 volumes of
fiction, 428 paperbacks, two
records and 1,456 pamphlets.
In the juvenile department,
materials added included 1,
022 volumes of non-fiction,
759 of fiction, 26 records and
475 View Master reels.
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"There goes another of our traveling salesmen'
Put one of our new Mercurys in a snow
storm and everyone it passes will quickly
get the point of that new roofline and rear
window. It doesn't collect snow or ice!
All clear! If you take a close look at the
cruising Mercury, notice side vents and
windows are closed. Yet the driver is nice
and relaxed. Not hunched over the wheel
wondering what's coming up from the
rear, or frantically wiping steam off side
windows. By lowering the automatic rear
window just a bit, Mercury's exclusive
Flo-Thru Ventilation system discharges
all that stale, steamy air out the back.
What will summer bring? Heat. Dust.
Clare. And another Mercury sales point.
For when the weatherhotsup.you can roll
down all the windows, including the rear
Breeieway, and duplicate the refreshing
turbulence of a convertible. But over the
long haul, windnoise can be gruelling. So
roll up everything except the rear Breeie
way. Fresh air moves in via front cowl
vents and wafts through the car, clear
ing out the heat and cigar smoke. With
out disturbing a hair on your head. (And
heads in the rear seat are protected from
the sun, thanks to the elegant eave that
extends out over the rear window. This
roofline provides more headroom, too).
Is that allJNot by a long shot. What your
eye misses when a new Mercury drives
past could well be the subject ot a 15-min-ute
demonstration on a nearby freeway
(anytime you wish).
MERCURY
MONTEREY MONTEREY CUSTOM MS
SECTION B
PAGES 1 to 8
MEDF0RDSyTRIBUNE
MEDFORD, OREGON, MONDAY, FEBRUARY 11. 1963
Your Money's
Worth
By SYLVIA PORTER
Copyright, Hall Syndicate, Inc.
HOW TO SAVE ON TAXES VI
The New Investment Credit Against Tax
As a business or professional man who bought depreci
able, tangible personal property in 1962, you well may find
an unexpected tax cut available to you when you fill out
your 1962 return. This cut is in the form of a brand new
credit which you take as a straight reduction in your tax,
not just as a deduction from taxable income. It is almost
the equivalent of a cash rebate. Thus, be sure you take full
advantage of the new credit bv rnmnlrtino Fnnn una
filing it with your tax return.
xour cost Base lor computing your depreciation deduction
. ..iuuwt u. livuii iu wiiim yuu are en-1
titled, whether or not you actually take the credit. It would
be exceedingly wasteful for you not to take the credit if
you are entitled to it and you are entitled to the credit i
for depreciable, tangible personal property you bought in I
iORO if i h b ....f..l t: r , . I
,b ,a a uaviut me v iuur years or more ana is
Uspri in n trarip nr hncinu. nw U 1 t
... . .. ui .ui .tic piuuutuun ui income.
The credit is not allowed for buildings and their -structural
components nor for livestock.
ine amount of credit vanes with the length of the
expected useful life of the asset you buy. If you bought
equipment with a useful life of four to less than six years,
you get only one-third of the full 7 per cent of the cost
of the equipment; if its expected useful life is six to less
than eight years, you get two-thirds of the full 7 per cent
credit; if the equipment's expected useful life is eight years
or more, you get a tax credit equal to a full 7 per cent
of the equipment's cost.
Here IS hnw this urnrtc Coir umi kn..nl.i n I :
.. ... uuj juu uwuglll a new uusiuebs
car in 1962 for $3,000, a truck for $4,000 and two pieces of
equipment for $10,000 each. The car has a useful life of
three years, the truck four years, one piece of equipment
six years, the other eight years. You compute your 1962
DA-vuiiiiig wivcauiiem creaii as xonows:
Auto no credit because life is less than four years.
Truck one-third of 7 per cent of $4,000 or 93
First equipment two-thirds of 7 per cent of
$10,000 or $466
Second equipment 100 per cent of 7 per cent of
$10,000 or S700
Total credit
$2,259
If your 1962 tax comes to, say, $3,000, you'll pay $1,259
of it with your investment credit.
One caution. The cost of the assets on which depreciation
is computed must be reduced by the credit. So in the above
example, depreciation for 1962 on the truck would have to
be based on $4,000 less a $93 credit or $3,907, etc.
ine new investment credit is not limited to a mannfar.
turer, retailer, ect. A salesman who bought a car for busi
ness can take the credit if he intends to use his car for at
least four years. A dentist who bought a new dental chair
can take the credit, a doctor who bought a new X-ray
machine can take the credit, and so on.
. Here is how the new 7 per cent investment credit
ties in with the special flat 20 per cent depreciation you,
as s business or professional man, can claim in the first
year you acquire new or used depreciable tangible per
sonal property having a useful life of at least six years.
While all other depreciation (straight line, declining bal
ance, etc.) is based on the cost less than the new invest
ment credit, this is not so for 20 per cent first year de
preciation. Both the new investment credit and 20 per
cent depreciation are figured on the same full cost. Do
not overlook this when you re completing your 1962 re
turn. For instance, if you bought a machine with a useful life
of 10 years for $10,000, take a 7 per cent investment credit
of $700 (7 per cent of $10,000) and a 20 per cent first year
depreciation deduction of $2,000 (20 per cent of $10,000).
Then compute your regular depreciation for 1962 on this
property on an adjusted cost of $7,300 ($10,000 less $2,000
less $700). ,
One warning: there are certain detailed exceptions on the
kinds of property on which you can take the credit, which
you should discuss with your accountant or attorney. Also,
there is no dollar limit on purchases of new property
eligible for the credit, but only up to $50,000 of used prop
erty bought in any year is eligible for the credit.
Next: Casualty losses.
Man-Eating Lions
Sought by Hunters
Nairobi, Kenya-(UP1I -Heav
ily armed hunters today track
ed man-eating lions along the
northern frontier where a
young girl and two men were
killed and eaten by beasts
last week.
One lion was killed by a
police patrol shortly after the
girl's mangled body was discovered.
Retired game warden
George Adamson was called
in to lead the search for hunger-maddened
lions.
Adamson is the husband of
Joy Adamson who wrote
"Born Free," the story of an
African lion named "Elsa"
which the author raised from
a cub.
Girl Scouts
Visit School
Girl Scout troop 55 visit
ed the music room at Hanby
Elementary school Tuesday,
February 5. Scouts inspected
the different music instru
ments and band members ex
pained them. .
Selections were played by
a clarinet trio consisting of
Rhonda and Jackie McCart
and Susan Dye. Patty Stroh
and Debbie Purdy played a
drums number for the Scouts.
Mrs. Paul Holderness, lead
er, said Scouts returned to the !
city hall afterwards for the
regular meeting and election
of troop officers was held.
Susan Dye was elected presi
dent and Renee Holderness,
secretary.
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