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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 20, 1956)
TUESDAY, MARCH 20. 1956 HERALD AND NEWS, KLAMATH FALLS. OREGON PAGE NINE British Stop Cyprus Riot NICOSIA, Cyprus (UP) Hun dreds of flag-waving Turkish cyp riots swarmed through the streets of Nicosia today smashing Greek shop windows and shouting for re venge against Greek Cypriots. They ran head-on into a tear gas barrage by British security forces trying (o avert bloody island-wide clashes between Turkish and Greek residents. The mob, shouting "We want re venge," was stirred up by eye witness reports of a clash between Turkish and Greek Cypriots in the northern coastal town of Vassilia yesterday. The reports said 38 persons were injured: many of them Turkish women and children beaten by Greek villagers in retaliation for a Turkish stone-throwing barrage. Violence today erupted in Metax as Square after the Turks had marched to the Greek section through city streets. , Windows of at least two Greek- owned shops were smashed. Other Greek shopowners, obviously an ticipating the violence, had their windows shuttered. The mob spotted a Greek photo grapher taking pictures of the demonstration. They beat him to the ground and smashed his cam era. Two Greek reporters were chased into a cafe where they barricaded themselves. The mob then turned toward the Turkish consulate but British troops armed with Sten guns blocked the way and turned it back. A Turkish leader had sched uled a speech there. As the demonstration started, British officials reported that an 18-year-old Greek Cypriot was shot and seriously wounded by security forces when he failed to answer a challenge during the night at Etroumburi village. Jackson County Assessor Dies MEDFORD The Jackson tounty Assessor, Robert G. Fowl er, Is dead at 74. Fowler died in a kcspital here Sunday. He was elected assessor in 1953 after a Varied career in public life. He became a 4-H Club agent after graduation from college, Ind later was county agricultural Kent here until his retirement In 1947. Then he served as a farm adviser for a Medford bank and was In the real estate business! He was elected county assessor at the age of 71, and was holding that post at the time of his death. I XcV S ' ' -I ' - f l. i, 1 . f ' t J TYING IN THE START of the big Rainier Beer "Bloclc-Buitar" advtrtiiing campaign with th good Klamath Falls weather were these Rainier officials. Left to right: Ray Hagerman, and Chuck Solomon, partners in the Klamath Distributing Company; W. C. "Bill" Malk, assistant sales manager for Oregon; Clyde Huntington, district sales supervisor. Sicks Seattle Brewing and Malting Company, brewers of Rainier, is the second largest user of Klamath Basin Hann chen barley. PNW Senators Split On Vote WASHINGTON (J The Pa cific Northwest's senatorial dele gation split, with one exception, along party lines In crucial vot ing on the farm bill in the Senate Monday. On an amendment to boost price support levels for wheat, cotton and corn, the voting found Dem ocrats Jackson and Magnuson of Washington and Morse and Neu bergcr for and Republicans Welk er and Dworshak of Idaho against. The amendment passed, 50-44. Morse joined Welker and Dwor shak In voting for an amendment to deny price supports, effective in 1957. to most farmers U they fail to participate in the soil bank A Beautiful Memorial Is Like Fresh Flowers Every Day Clarence Ward Klamath Monument Co. Representing Oregon Granite Co. of Medford and Meyerjohn-Wengler 925 High St. Phone 3334 or 9333 iP Wrtt MAKM program. Magnuson, Neuberger and Jackson voted against. The amendment vi&s adopted, 48-46. The Democrats were for and the Republicans were against as the Senate adopted, 49-44, an amend ment to assure that farmers re ceive the government support price or a fair price In Agricul ture Department purchase pro grams. More Depreciation Angles Described For Income Tax (Editor's Note: This is the sec- ond of two discussions treating as pects of depreciation, with empha sis on tax savings. The "sum-oi-the-digits' method was discussed previously. Prepared by the Oregon Association of Public Accountants' tax information committee, this discussion is presented by the Her ald and News as a reader service.) The changes made by the Inter nal revenue code of 1954 in the methods of computing depreciation have created new interest in the declining - balance method of de preciation. The declining balance method, sometimes called rapid or accelerated depreciation, has long been recognised by the accounting profession but very rigid restric tions were placed on its use by the revenue code. With the passage of the 1954 code, depreciation at twice the normal straight-line rate Is al lowed the first year. This same percentage rate Is used In the suc ceeding years, but the depreciation is computed on the balance re duced by the former depreciation allowed. The 1954 code carries a provi sion that allows the disposal of the residue balance that will re main under the declining-balance method in that the taxpayer may change to the straight-line method without permission of the Treasury Department. Certain restrictions have been placed on the use of the declining balance method of depreciation: 1. The rale cannot exceed twice the rate allowable under the stralght-llne method. 3. Only assets with a useful life of three years or more qualify. "the nicest people go on the Shasta Daylight' outhern pacific 0 SAN FRAN. TO PORTLAND $11.25 Plus Tax . $9.81 Plus Tax 3. The assets must be purchased, constructed, reconstructed or erected by or for the taxpayer af ter December 31. 1E53. and only to the part of the property's basis at tributable to construction, recon struction or erection after Decem ber SI, 1953 or any new properly acquired after December 31, 1953, provided the taxpayer Is the origi nal user and commenced use after December 31, 1953. The advantage of this method is the recovery of the larger depre ciation expense In the early years, which Is the time that the main cost is usually expended. Many items depreciate more in the early years autos, for instance and the declining-balance method followa closer the actual depreciation bus tained. It also allows greater de duction when needed to of set cost payment. The main disadvantage is that the later years have very little de preciation for tax purposes. In many cases the added cost of re pairs as the assets will wear out will offset this item. 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