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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 3, 1963)
1 MEDFOHD MAIL TRIBUNE. MEDFOHD. OREGON WEDNESDAY. APRIL 3. IM3 A S Try and Stop Me By BENNETT CERF Hatfield Protests Proposed Changes In Timber Taxation A FOREIGN ROADSTER rounded a corner on two wheels, knocked down a policeman and four pedestrians, and finally wrapped itself around a telephone pole. A sweet young thing climbed out of the wreckage. "Yip pee," she cried, "that's what I call a kiss!" From "Doc" Mack in At lanta cornea the story of two cub scouts whose younger brother fell into a lake. The two scouts rushed home with tears streaming down their countenances. "We tried to give him arti ficial respiration," sobbed on to their mother, "but ha kept getting up and walking away." Paper Tycoon Sam Himmell suffered a loss in his staff last week: a girl in his accounting department quit to many a rich Wall Streeter. "I honestly didn't want to marry him for his money," she confided to Mr. H., "but there just wasn't any other way to get it" A Minneapolis 5-ycar-old smelled a pancake breakfast being readied in the kitchen. "Mom," he called out happily, "my tsmach is smacking its lips!" 45 163. by Bennett Cert. Distributed by Kia( restore Syadrcste By A. ROBERT SMITH Mail Tribune Washington Correspondent Washington - (Special) -Gov. Mark Hatfield has told Congress that the Kennedy Administration's proposed tax changes governing timber sales Smith Superstructure of Astoria Bridge on Highway Bid List Salem - (WD - The highway department will open bids April 23 for 24 projects esti mated to cost $22.8 million -one of the largest bid lettings in the history of the depart ment - it was announced Tuesday. Largest project on the list is the steel superstructure of the Astoria bridge, estimated at $10 million. Also scheduled is the Desdemona Sands via duct section of the same bridge. Other projects, by county: Baker - Concrete bridge on Slaughter House rd. Coos - New bridge over the canal between Ten Mile lake and North Ten Mile lake. Douglas - Four projects: Anlauf-Elkhead road section, 7.24 miles paving and grad ing; Elkhead road - Yoncalla interchange section, 4.9 miles paving, grading and struc tures; steel bridge over the North Umpqua river four miles north of Roseburg; three bridges on the Conn Ford county road four miles north west of Roseburg. Gilliam - Two structures on the Quinton-Arlington sec tion of the Columbia river highway. Jackson - Installations at the Valley of the Rogue state park! grading and pav ing on Pina si, Poinl. in Central Klamath - Overnight camp ing facilities at Collier Me morial state park. Lane - Structure to carry Egifc rd. over Interstate 5 at the Coburg quarry slide sec, tion of the freeway. Linn - New bridge over Wiley creek. Linn and Marion - Paint ing of two steel trestles over the North Santiam river. Multnomah - Five projects: grading 1.18 miles of SE Stark St.; paving same section; bridge over the Columbia slough; signs and temporary traffic signal on the North Shaver st. - Morrison bridge interchange; painting of Grand and Union ave. cross ings over the Banfield Free way. Polk - Grading and paving of 5th st. in Independence. Union - Grading and oiling on the Spout Springs slide section of the Weston-Elgin highway. Washington - Traffic signal installation at intersection of Watson st. and Allen ave. in Beaverton. Wheeler - Grading and stone base work on the Meyers Canyon - Mitchell section of the Service creek - Mitchell highway. would severely jeop ardize our pri mary industry and, there fore, the en tire economy of O r e gon." In a lengthy letter to the House Ways and Means Committee, which will soon start drafting a new tax bill, Governor Hatfield urged the committee "to oppose any change in the present tax treatment of timber and fed eral lew." The Treasury Department has asked Congress to abol ish virtually all capital gains treatment of profit from tim ber sales by private timber owners. Ttiis would consti tute an increase from the pres ent 25 per cent capital gaias rate to the proposed 47 pw cent rate for corporate in come ratner tnan a i cuv to the proposed 22 per cent capital gains level. The for estry products industry throughout the nation is fight ing against this proposal. Hatfield pointed out that wood products industries ac count for about 60 per cent of the total Oregon manufac turing payroll, engaging about 100,000 person!; out of an em- Dloved labor force of 690,000. He said the value of products of Orecon forests now reaches $1.2 billion as compared with about $316 milion in 1B4J iust before the current cap ital gains feature was adopt ed. Major Factor The capital gains feature has been a major factor in the growth and competitive modernization of the indus try, as well as the incentive for improved conservation of private timberlands, tne gov ernor maintained. Prior to its adoption In 1944, "private tlmberland owners showed little interest in tree planting, protection and improvement of young growth, and proper forest management. Today extensive tree planting and conserva tion programs have been de veloped." "Due to the extended growth cycles, the investor in progressive forest manage ment must wait for a period of years from 35 to 100 to receive even the first dollar back on his invest ment," Hatfield noted. "Aft er trees reach maturity and are harvested the investor, under present economic con ditions and present tax law, receives only a minimal re turn approximately 4 per cent. Obviously, investments of this long-term nature must be competitive in the market for capital funds. Deprivation of minimal return on timber investment through excessive taxes at time of harvest would leave the timber industry without available capital funds to invest in reforesta tion for the future. This is the situation which the peo ple of Oregon, and other timber-dependent states, must face." Mora Rasaarch Hatfield told the committee that the capital gains rate has also helped promote more research into fuller utilization of timber, so that instead of single use industry geared primarily to lumber it now produces numerous products and "research in the wood chemical field indicates that the forest products industry is on the thieshhold of an ex citing new array of products from wood." From 1943 to 1962, the gov ernor said about $825 million has been invested in modern ization and construction of new plywood, pulp and pa per, hardboard and particle board plants and chemical pi lot plants, based on years of planning and the encourage ment of the present tax treat ment of timber. "Disruption of the present tax law would cause severe hardships to owners of tim ber and manufactuering fa cilities." he added. "Industry would be forced to seriously re-examine its entire operat ing plans and to take what ever steps necessary to insure a rate f return comparable to the rate of return in oth er enterprises. "In all probability the re sult would be unstable em ployment, severe impairment of state and local tax bases, damage to industries depend ent upon the forest industry, and long-range stagnation of Oregon's economy. Would Aggravate Problems "The tax law change would aggravate and accentuate the current competitive problems already caused by increased Canadian lumber imports, the differential in cost of water shipments to the East Coast, and dollar exchange advant ages to Canadians. "Of even greater concern, the proposed tax change would scuttle most of the im portant reforestation and tree farming programs in this state to the detriment of fu ture generations of people of this country," the governor concluded. For everyone you know Easter-' VMJ. VAC Many religious, traditional, and humorous designs. Choose yours from our com plete selection. 217 I. Msin St Maefare s2(M , k .'-I,, i ac n frpmient. vou can actually leave when you want to-not when you have to. Enjoy exclusive Greyhound Saenicruiser Service. Downtown to downtown arrival and departure. For convenience, 86 GREYHOUND . . . AND LEAVE THE DRIVING TO US. Richard Burton, Wile Separate New York - tUPD - Richard Burton's wife flew into the city Tuesday night, leaving her husband behind in Lon don with Liz Taylor and an nouncing a mutual agreement to separate. Notice of the separation be tween Burton and his wife, Sybil, was released by Mrs. Burton's lawyer, Aaron R. Frosch, shortly after Mrs. Burton flew here from Europe with the couple's two daugh ters. Frosch's statement said that all financial and other ar rangements between the cou ple had been concluded but that "divorce has not been considered or discussed." There was some confusion as to the purpose of Mrs. Bur ton's visit here. Frosch's announcement said she had arrived in New York "to visit Philip Burton, Rich ard Burton's father, for the Easter holidays. How ever, Burton was born Richard Jenkins in Pontr h y d f e n, South Wales, the son of a Welch coal miner. Informed sources said the Philip Burton in question was the actor's high school teach er and foster -father who taught him to speak English without a Welsh accent. Mrs Burton's whereabouts have not been revealed and Philip Burton has been un available for comment. Exclusive Saenicruiser Service'at no ertu Isre. For examole: Buses One Buses one D.lly Way DlJ1 S ,,, ore . I S in; sen Francisco. 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