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