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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 9, 1963)
ess uMive hgmmmt UmbQ&m Income Tax Qui Formul II Two Steps Would Reduce Income By $10 Billion Washington-tUPO-Key Demo crats on the House Ways and Means committee have agreed tentatively on broad outlines of a formula for cut ting income taxes by nearly $10 billion in two steps. Although President Ken nedy last January called for a net $10.4 billion cut, the compromise has administra tion support and is expected to win committee approval . next week. The first cut in individual and corporate taxes would come next Jan. 1 and the re mainder on Jan. 1, 1965. Un der Kennedy's plan the first cut would have taken effect retroactively on July 1, 1H83 and the last on Jan. lt m Thrtt Main Points The three main elemenli of the compromise are: -Individual tax rates, which now range from 20 to 91 per cent, would be scaled down to a range of from IB to 75 per cent. Kenneqy proposed a range of 14-65 per cent. The compromise would cost $8.7 billion in revenue instead of the $11- billion under Ken nedy's plan. -The 52 per cent tax on corporate income would be cut to 48 per cent, instead of 47 per cent as recommend ed by Kennedy. This would reduce the $2.6 billion in rev enue loss envisioned in Ken nedy's program. . -Structural revisions would be made in tax law to produce a net gain of about $1 billion or more in new offsetting rev enue. There would have been a net gain of about $3.2 bil lion if Congress had enacted all the revisions sought by Kennedy. The committee already has stamped its final approval on structural revisions that would yield a net gain of be tween $600 million and $700 million in new revenue and may boost this total to about $1 billion. RtvUions Come First ' It does not plan to turn its attention to rate cuts until it has finished work on itruc tural revisions. By rejecting many of the controversial revenue-produc ing revisions recommended by Kennedy the committee apparently has assured that every taxpayer would get at least some tax relief under the compromise tax bill. The reduction would be 25 per cent for those individual taxpayers who use the stand ard reduction for personal expenses and who have tax able incomes of no more than $1,000. The 25 per cent cut could apply also to married couples with taxable incomes of no more than $2,000. Under existing law the lowest tax rate of 20 per cent applies to the first $2,000 in taxable income for an indi vidual and the first $4,000 in taxable income for a married couple. The compromise plan would split this $2,000-4,000 first bracket into two brack- Foreign Briefs I8TH ANNIVERSARY OF NAGASAKI BOMBING NOTED Nagasaki, Japan-llPli-About 2.000 parsons gathered in a driisle today lo participate in a memorial service on the occasion of the 18th anniversary of the atomic bombing of Nagasaki. The quiet memorial service was hld at the Inter national Cultural hall while the leftist Japan council against atomic and hydrogen bombs discussed ways Jo hold a convention. SOVIET SHIPS ANCHOR OFF BRITAIN Resco, Sellly lsles-JPI-Two Soviet warships anchored off these islands on Britain's southwest coast Thursday, the Brit ish Admiralty reported. The vessels were ideniified as a heavy cruiser and a destroyer. An Admiralty spokesman said the ships were anchored ihree miles off the coast and were out side Britain's territorial waters. Hs declined further comment. FRANCE ORDERS MOVEMENTS OF TOURISTS Paris-lllPII-The French government ordered a military sea and airlift Thursday of thousands of tourists and travelers stranded by flash maritime strikes. The operation began shortly after the seamen announced they would not be back on deck before noon today at the earliest. The stamen are seeking pay raises. SYRIANS FIRE ON ISRAELI CIVILIANS Tiberias, Israel-IUPII-Syrian troops opened fire on Israeli civilians three hours after Premier Levi Eshkol visited the area Thursday, Israeli officials said. No casualties were re ported in the salvo of automatic weapons fire on farmers working the fields of the Haon settlement, where a similar outbreek of gunfire occurred earner, me omciais saia. Racial Picketing Continues; Massive Freedom Flight Set Br United Press International Integrationists picketed city halls, supermarkets, depart ment stores, a Brooklyn hos pital construction site and locked themselves in chains in one city Thursday in the nationwide civil rights drive. And across the country a massive "freedom flight' of buses, trains and airliners be gan to take shape for the Aug. 28 civil rights march of an estimated 100,000 persons on Washington. Dozens of chanting teen-age demonstrators locked them selves together with chains strung out across a busy street in Elizabeth, N. J., and then tossed away the key. Several girls fainted in the noisy demonstration in the midday heat. Police had to cut the chains from the dem onstrators. Traffic was stalled about an hour. A 311-ycar-old woman was arrested on dis orderly conduct charges. The Southern fccf ileal inn Reporting service said the largest number of school dis tricts in Southern and border states to racially integrate classrooms since 11)56 would mix white and Negro pupils beginning in the fall school term. SER said about 113 districts were scheduled In desegre gate, raising to 1,002 the num ber of integrated districts in the 17-state area. Of these, 95 plan to integrate voluntarily and 18 submitted to federal court orders. The so-c ailed "freedom fleet" was expected to include more than 2,000 buses, 14 chartered trains and five air liners to bring the marchers to the nation's capital. The Hollywood March Com mittee announced it would send two plane loads of stars to participate in the march. One historian said the march may be the largest in U. S. history. ets. It would apply a rate of 15 per cent to the new first bracket $1,000 for a single person and $2,000 for a mar ried couple. FIRST in the hearts of his COUNTRYMEN Special Blood Drawing Slated Local residents will again be asked to take part in spe cial blood drawing for open heart surgery during next week's visit of the Bloodm'o bile to Medford. Thirty pints of A positive blood will be collected in Medford Monday and flown to the Regional Blood Center in Portland. A waiting car will deliver the blood to the Oregon medical school where the patient will be in readi ness. Red Cross officials stated that John L. Gregory of the Civil Air Patrol will fly the blood to Portland. Gregory has performed this service for the Jackson county chapter for over five years. A note of thanks was re ceived by the Jackson county chapter from Mrs. Albert Zah- now for whom several pints of blood were collected dur ing the June Bloodmobile. Mrs. Zahnow, a former resi dent of Medford and volun teer Red Cross Gray Lady, now resides in Minnesota and is a victim of leukemia. She receives twice weekly trans fusions and is still in need of replacement donors. Blood may be donated In the name of any person or or ganization during next week's visit. Additional information may be obtained by calling the Red Cross office at 773 3813. Contract Awarded To Complete Dam Portland - IUPH - Army En clneers today awarded a $70, 4116,832 contract for comple tion or Jonn uay aam on ine Columbia river to a uaiuor nia firm. Engineers said it was the largest single civil works con irni-i thev had ever awarded It went to Vinnell, Mannlx, McNnmara Corp., and George A. Fuller Co., Alhambra, Calif. Mni. Gen. W. W. Laoslcy division engineer, said it was the lowest of five bids sub mitted to the Walla Walla district and opened July Z5 The contract is for work nn thp south. r Oreaon. shore. The main structure will be a powerhouse about 2,000 feet long with an initial plant ca pacity of 1,350,000 kilowatts of power based on 10 generat ing units, and an ultimate in stallation of 20 generating units with a plant capacity of 2,7uo,uuii kiiowatis. Kennedy Consoles Wife Over Death of Infant Chief Executive Travels To Meet Other Children Oils AFB. Mass. -lUPH-Pres- irfont Kenncdv consoled his grief-stricken wife Jacqueline today over the loss of their two-day-old son and men wont In his Sauaw Island summer home to visit hii oth er two children. The anauiahed Chief Exec utive, his eyes red and swol len, left the base hospital al ter a 2 hour and 10 minute visit uilth the First Ladv. He made no immediate comment. The President was spared tha inrrnw nl having to tell his wife their baby was dead. Dr. John W. waisn, ner obstetrician, broke the news in ihm Flrnl Ladv iust after she awoke in her hospital room. Th rinrtnr then Disced Mrs. Kennedy under a mild sedation, it was disclosed. Mrs. Kennedy then slept until her husband arrived a few hours later. Prsi secretary Pierre Sa- tinffpr said that under the circumstances Mrs. Ken- nedy'i condition was -satisfactory." Brothers Make Trip Kiniudv'i hrothers. Attv. Gen. Robert and Sen. Edward, rnri tvith him in a convert ible on the trip lo Squaw Is land where Caroline, S, and John Jr., 2, awaited him. Prirint and Mrs. Ken nedy were alone during most of his visit. Kennedy had flown here earlier by helicop ter from Boston, where his prematurely born son had died in a hospital at 4:04 a.m. There was no information forthcoming from inside the hnni1. Mrs. Kennedy's Dress secretary Pamela Turnure had not accepted calls tnis morn ing. 1 Kpnnpriv showed lack of sleep and the sad ordeal he had suflered tnrougn ior me oast couple of days, hoping against hope that his son ,n,,iH null through a lung complication that developed at birth. Thpr urns nn wav of knOW- incf hnm Mm. Kennedy, who had been making fine recov-- (mm fapsarean surgery. was taking the tragic blow. Face Swollen Tk President whs red-eved and his face was swollen ap parently from crying tor me boy who never had a chance t ,lve- . ... No other members of the big Kennedy clan had come iial tndav. Neith er did Mrs. Kennedy's moth er, Mrs. Hugh D. Aucnincioss, who had been standing by at the base. Relatives and trlenos nisi apparently were told to leave t.bHv in the Drivacy l HIT fill, ( ' . ' of her sorrow over the death of the baby she waniea so much. State Ambassador To Tour Country n i-a diprAn "ambassa- rmuouu-wi. ---- . ftutll tnkp Oil dor ior - - on a transcontinental tour next montn 10 iecmi oi. the state. The elderly ambas sador, Frank Branch Riley, 85, will be making his 28th lRUey has stops scheduled In Chicago, Michigan State university at Lansing, Cleve land, Ohio, Albany, N.Y., Newark, N.J.. New York City, Philadelphia, Baltimore. Wil mington. Del., Charleston, w. Va., Washington, D. C, ana other eastern cities. Riley Is a practicing law yer here. Teen-Age Girls Are Placed on Probation Two teen-age girls, one from Talent and the other from Eagle Point, were placed on 60 days' probation today In Medford municipal court for curfew violation. The citation was Issued by Medford police about 12 20 a.m. last Sunday. Aug. 4. when the girls were observed in downtown Medford. Drugs. Electronics Pace Market Gains New York - 0IPD - Stocks scored another sizable gain today, paced by strength in drugs, electronics and air lines. Kress and Genesco ran counter to the trend following news that the Kress Founda tion would not tender its shares of Kress to Genesco. Carter Products, Johnson & Johnson, Merck, Parke Davis, Plough, Richardson Merrell, Rexall and Schering advanced in the drug section. Among the electronics, B e c k m a n, Control Data, IBM, and Min neapolis - Honeywell rose a point or more. DOW JONES AVERAGES New York - IUPD - Dow Jones final stock averages: 30 industrials 708.39. up 4.21: 20 railroads 170.61, up 1.02t IS utilities 142.09. up 0.$7. and 85 stocks 255.43. up 1.52. Sales Friday war about 4.05 million shares compared with 3.48 million shares Thursday. on iclected Today's p r 1 c t sfncki: Allied Chemicil Alum Co Am American Air Unas . American can American Motora .... AT&T American Tobacco Anaconda Copper Armco American Standard . Bendix Corp Bethlehem Steel Boeina Air Caterpillar Corp Chrysler Corp Coca Cola CBS Columbia Gas Continental Can Crown Zellerbach Crucible Steel Curtin Wright uow unemlcal Du Pont ... sm, ... M'k ... 26?, .... 43 .... 1714 ....1221, .... 28 .... 4B'. .... 38 .... 17', .... 4!)5i ... 29'. .... 341, ... 441, ... 63 'i ...WO. ... 67U ... 29i ... 46 '4 ... 49'!, ... 22 ... tn4 ... 110 ...243 ...lio, ... 33'4 ... sin ... 24(4 ... 80 ... R2' ... 7 1 '4 ... 20', ... 50 ... 41', ... 3314 ..443 , ... 29', ... 47 ... '2 '4 ... SK'.i ... 18 '4 ...100, ... 37 '4 ... 38'', .... S3St ... 20. ... 51', ... 474 ... 32 'j ... 4134 ... 18, ... 17 ... 52 '4 ... 75'4 ... 70'i ... 4334 ... 60 '4 ... 28"4 ... BO', ... 44?, ... 70 V!'. ... 35'4 ... 14', ... 67 ... 64 J j ... 70, ... ... 7314 ... 154 ... 23 ... 20 'i ... 53 ... 19'4 ... 46 .108 ... 40 ... 44 'i ... 39 '4 ... 39 ... 46 V, ... 47', ... 38'i, ... 42', ... 37?, MILK POOL ASKED Salem-IUPII-Harney and Mal heur County milk producers have filed petitions asking that a distributor pool be established in their area. Eastman Kodak .. Firestone Ford General Dynamics General Electric General Fooda General Motors General Portland Cement Georgia Pacific Greyhound Homestnke Idaho Power IBM Int Paper Johns Manville Kcnnecolt Copper Lockheed Aircraft Martin Merck Montana Power Montgomery Ward National Biscuit New York Central Northern Natural Gaa Northern Pacific Pac Gas Elec Penney J. c Penn RR Permancnte Cement Phillips Procter & Gamble Radio Corp .. Richfield Oil Safeway Santa Fe Sears Shell Ool Sncony Mont! Oil Southern Co. Southern Pacific Sperry Rand ' Standard California Standard Indiana Standard N.J Sun Mines .. Texan Co. .. Texas Gulf Sulfur Texas Pacific Land Trust . Thiokol . Trans America Tram World Air Tri-Continental Union Carbide Union Pacific United Aircraft United Air Lines U.S. Plywood U.S. Rubber .. U.S. Steel United Utllitlc, West Bank Corp Westinshouse Rogue Valley Edition Medford WATT Page 2A Tribune MEDFORD, OREGON, FRIDAY, AUGUST 9, 1963 MOVING CARTS I QUILTS For RENT At A to Z Rentals 1213 N. Riverside 779-1474 "W inr most fvaryrhing" D D D D D D D We've even got our 19631 2 Comet V-8 Sportsters on sale! 5244900 v PAYMENT AS LOW AS $59 per Month Whilst They Last... Best deal of the year given now! Large selection of models, colors and equipment. MEDFORD MOTORS 225 So. Riverside Phone 772-6157 join the MARINES For Full Information Today Visit the Recruiter's Office In the Medford Post Office Stenieree' by Medford Mail Tribune CRATER LAKE MOTORS "VAN" BUREN SPECIAL Buy At Wholesalel 60 DODGE 4 Dr., V-8, R. & H., Aulo. Was $129? 965 .AW WHY PAY MORE? Automatic Brand New Modal WA 400 WASHER WOW! AN R.&.D. EXTRA SPECIAL! BRAND NEW AUTOMATIC DRYER Refrigerator FREEZER Combination WHAT A PRICE utu i&m To 1 s5f5m. I W Sell! 1 g))iyj aft CTV laMMi.lMJLlli.BiMa 1 o o o ALL G.E. RANGES PRICED TO SELL AIR CONDITIONERS WE HAVE TOO MANY - MUST SEILI Why "Simmar" This Summer? COOl! LOW $1fl $1ft PER AS I U DOWN I U MO. DISHWASHER Famous Mobile Maid LOW AS H33 mm (MOT? DRIVE to ASHLAND for SAVINGS G.E. FREEZER SNOWBALLS IN AUGUST See if you can pick a lucky Snowball and Win. No Purchase Necessary 12-Cubic Foot 420-lb. Capacity 1S595 SNOWBALLS FOR YOU! FREE CART STAND WITH EACH G-E PORTABLE TV LOOK! GUARANTEED FOR 365 Day en All Parts, labor and Picture Tubel FACTORY APPLIANCE OUTLET Ashland D D n NOW U5 EAST MAIN IN ASHLAND Open 9 a.m. to 5 p.m. lus. Ph. 773-7J94 Ith A Fir Res. Ph. 77M07J es
