PAGE 6 A
HERALD AND NEWS, Klamath Falls, Ore.
Sunday, January 17, 19(50
PAGE LAMOREAUX, a Call
fornia auto dealer and Klam
eth County ranch owner who
travels the world as a pen
sonal Communism fighter,
will speak at the annual
meeting of the Klamath
County Chamber of Com
merce Wednesday at 6:30
in the Willard Hotel.
In
On The Record
MSKITOU COUNTY
BIRTHS
novs
jiui.i.f.BWEUlj Born to Mr. nd
Mm. Willard Carl Bullerwcll January
in mcuioun Hospital a roy, weigh
CROSBY Born to Mr. and Mn. Wl
nam James Crosby January 9
Mount Shasta Community Hospital
boy, wristling 5 Ibi., fl ozs.
U.KFEH Born lo Mr. and Mrs
mcnara uean Lrper January 2
Mount Shaiita Community Hoipltal
boy, wcljhin 5 lb 13 ozs.
GIRI.S
GIBBS Born to Mr. and Mn. Genr.
uiry oinos January 1 In Siskiyou
uciieiai nospiiai a Bin, welshing
lbs., 1 1 4 nrji.
GRAZIANI Born to Mr. and Mrs.
jiooffn isruno Grazlanf December
In Siskiyou County General Hoipltal
i. wriBiniiB l log., Jl OZI.
MuHT Horn to Mr. and Mra. Carl
freaencK mort uecembrr 30 In SJ
Iclyou County General Hospital a girl
weiguing ( jus., 1U', oza.
MSKII'OI COUNTF
MARRIAGE LH'KNSKS
Philip Jefferson Hussey, Grants
rass. uregon. and Florence Belle Da
Vis, Central Point, Oregon.
Gaetano Peter Castellano, Yreka,
and Gloria Ann McRobcrti, Yreka.
DEATHS
Alberta Reed, 62, Weed, on Janu
ary 6.
Thomas Clifton Slater, 74, Tulelake,
On January 4.
Income Tax Facts
f.uitor s Nolo, This is one in a
series of articles on federal in
come tax filing. These articles are
based on information provided by
the American Institute of Certified
Public Accountants and the South
em Oregon Society of Certilied
Public Accountants in cooperation
with the Internal Revenue.
KLAMATH PALLS
BIRTHS
BENSON Born to Mr. and Mrs
yieivin Hanson January 14 In Klamath
vaney nospiiai a Doy. weighing 10 lbs.
EMERT - Born to Mr. and Mrs
lese Franklin Emert January 14 In
itimnain valley Hospital a boy, weigh
lng 7 lbs., 8V4 oz.
(JIRI.S
KEEFER Born to Mr. and Mrs.
j-eier Heeler January 14 In Klamath
vauey Hospital a girl, weighing 9 lbs.
B ora.
WILLIAMS Born to Mr. and Mrs
Williams January 14 In Klamath
--..car ngipiui a girl, weighing 6 lbs.
CASUALTY. TIIEKT
BAD DEBT LOSSES
You can ' get some tax relief
from casualty, theft, or bad debt
losses, but there are a number of
considerations you should b e
aware of before you go ahead and
deduct such losses.
There are a great number of
natural and unnatural elements
that can damage or destroy the
property you own. Such things as
fire, storm, flood, and explosion
arc but a few of the more com
mon elements. In any event, the
damage must occur with some
suddenness. It is usually not dif-
ficult to show that a casualty loss
occurred, but there may be a prob
lem in showing the amount of the
loss.
To determine your loss, you sub.
tract (lie fair market value of the
property after it was damaged
from the fair market value of the
property before it was damaged,
In other words, the difference be
i ween what you could have sold
it for and what you can now
sell it for. Once you have deter
mined the net loss in value, you
must subtract any insurance o
other compensation payments you
receive to arrive at the amount
you can deduct on your income
tax return.
You can't make a profit on
loss deduction. Say, for example,
hat you bought an antique chair
many years ago for $20. As it has
crown in age it has grown in
value, reaching a top catalogued
alue of almost $250 just before
was destroyed in your living
oom fire. The total amount you
would be allowed to deduct for
( lie chair would be $20, since a
casualty loss deduction cannot ex
ceed the amount the chair a c-
tually cost you.
It is important that you get an
appraisal of the value of your
oroperty as soon as possible after
the damage occurs. The appraisal
should be by a qualified expert,
and should be in writing. The
value of property before being
damaged is sometimes difficult to
assess. Records ot offers to buy
the property may help. It the
property was recently
months. Your friend runs into a
scries of hefty financial difficul
lies and it becomes clear that
there is no chance of your loan
ever being repaid. You can now
consider the amount you loaned
Joe a non-business bad debt. If,
in a later year, Joe pays y o
back, the repayment will be in
come if the earlier deduction of
the debt helped reduce your taxes
deductions for casualty and theft
losses can be itemized as "other
deductions" on your tax return,
Non-business bad debt losses must
b" treated as short-term capital
losses and, as such, are subject
to certain limitations. If you have
any non-business bad debts, y o
should seek more information be
fore attempting to claim any kind
of tax relief.
You can get additional informa
lion on your casualty, theft, and
bad debt losses from the instruc
tion booklet furnished by the In
ternal Revenue Service each year
V i V
t OZB.
Boys:
IMO SU.MMARV
3 Clrls:
LT. COL. W. E. PARKHOUSE
Advice Board I
Of SA
Meets Monday
U. Col. William E. Parkhouse of
San Francisco will present the
Salvation Army's approach to
youth problems of today at the an
nual Salvation Army Advisory
Board mcetina Monriav. .lamiarv
acquired in. at 6:30 n m. in Ihr. Winoms
yuu cuii anuw me uuis or receipts. Hotel.
in some cases, repair bills will
be sufficient evidence of the
(P HAMBER
by GEORGE T. CALLISON
Assistant Mqr.
KLAMATH COUNTY CHAMBER OF COMMERCE
Members of the Klamath County
Chamber of Commerce and their
guests can consider themselves
fortunate that they will have the
opportunity to hear an outstanding
speaker at the annual meeting
Wednesday evening. He is Pa
Lamoreaux, who, besides being a
California automobile dealer and
a Napa Valley and Klamath County
cattle rancher, is one of three
American businessmen engaged
one of the boldest enterprises yet
conceived to combat Communism
in Asia, Africa and Eurasia. Known
as Private Enterprises, Inc., the
organization, backed by American
investment money, seeks out
worthy young businessmen in
foreign lands, and makes capital
available to them to launch
expand their businesses. The deal
is made on a partnership basis
until the loan has been paid off
from the profits of the venture
bo lar, he has helped nnance a
business that will export timber,
develop oil wells, mine ore, and
develop diamond resources in var
ious parts of the world. He has an
interest in a retail furniture store
in Athens, Greece; a factory to
make spring coils for textile
machinery in Istanbul, Turkey; the
manufacture of women s sport
coats from goat hair in Beirut,
Lebanon; a furniture company to
make steel chairs and tables in
New Delhi, India, and a business
selling chocolate ice cream bars
n Bangkok, Thailand, among
others!
The venture was born when Bill
Graham, young Kansas oil mag
nate, stopped off in Thailand while
or. a round the world trip in 1957
There, he was apallcd to find what
he described as "young and in
tnlligcnt faces, and idle hands
Graham considered the combina
tion a dangerous one, particularly
in view of (lie inroads Communism
was and is making in nations where
opportunity for the individual is
so circumscribed. Since then
Lamoreaux and J.H. Jrying
Hiubing, Minnesota, architect have
joined with Graham in the project
and it has mushroomed.
What made Lamoreaux devote
himself so vigorously to the ven
ture? He says it was what he
saw ot the united Mates and
Capitalism's failing prestige wher
ever he went in the Near and Far
East, and how great an ineffec
tiveness he discovered our govern
ment aid agencies to have with
the masses of people we have tried
to help and befriend.
He says it was the sight of how
much more clever the rival Com
munist "missionaries" have been
in investing themselves and their
Soviet nation's money and supplies,
instead of giving them away. He
says it was the circumstance that
the 23 new ' nations born since
World War II all turned to de
mocracy instead of to communism,
only to slip into the misfortunes
of any democracy born in poverty
and half-understanding.
These people must be finally and
solidly won over to democracy,
Lamoreaux feels, and, from per
sonal experience he believes the
only way to do it is to give some
thing of ourselves as American
people along with our dollars
our partnership in a business, as
he has done with more than 40
assorted young men of 12 foreign
lands, our know-how, our human
interest and our good will.
It was the prospect of hearing
this vital message from an Amer
ican businessman so dedicated to
the cause of freedom and private
enterprise that prompted me to
ay, at the outset and it s worth
repeating members of the
chamber and their guests can con
sider themselves fortunate that
they will have the opportunity to
hear Page Lamoreaux at the
chamber's annual meeting, 6:30
Wednesday evening, January 20,
at the Willard Hotel.
Many People
Want Pooch
BOSTON (AP)-So many peo
ple want Scamp that a sweep
stakes drawing will be held next
week to determine his new home.
Scamp is a 4-month-old brown
black and white puppy who tugged
at hundreds of heartstrings when
his picture appeared in newspa
pers across the country last week.
The Associated Press Wirephoto
showed Scamp with big casts on
his rear legs after some cruel per
son brutally kicked the dog.
Angell Memorial Hospital re
ceived 500 phone calls and 300
letters and telegrams from per
sons seeking to adopt the home
less puppy.
Pact Awards
To Be Made
The county court expects Wed
nesday to award a contract for
a county-wide radio network to be
used by the sheriff's and road de
partments.
Bids for a transistorized system
were opened by the court a week
before, and were reviewed by
Civil Defense Director Joe Searlcs.
The federal government will match
costs 50 per cent because the net
work will be adapted for Civil
Defense work.
Bids were received from Motor
ola, for $26,994, and General
Electric, for $23,820.
The network is to include four
control stations, five remote con
trol units, 19 mobile units, three
portable units, and installation
costs.
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GARY HAS SORE THROAT
HOLLYWOOD (UPI) Bing
Crosby held a news conference
Tuesday to explain why Gary
Crosby wouldn't appear with his
three brothers on Bing's television
show . Monday night.
'He's got a bad throat and
won't be able to sing for more
than two months," the elder Cros
by said.
The four brothers attended the
conference.
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Gas Chamber
To Be Shown
The controversial women's pris
on at Salem and the state prison
gas chamber will be featured Sun
day at 2:30 p.m. on KOTI Televi
sion as the second of a new docu
mentary scries, "In Our Care,"
produced for the State Board of
control.
the board, with Gov. Mark Hat
field as chairman, has made plans
for a separate women's prison. The
film depicts present facilities and
the site selected for the new in
dilution.
The gas chamber has not been
usca since 1953. A vole in No
vember, 1958, retaining capital
punishment in Oregon could mean
Its reactivation. The film showi
In detail how the chamber works
Other departments of the pris
on include the prison farm, for
estry camp, custodial, industrial
cuuuduuiiai aim pre-release pro
grams, and staff training.
The film was produced for the
Board by the department of Ed
ucational TV, General Extension
division, State System of Higher
r-aucauon.
Water Well
Drilling Set
arming of a second test hot
naier eu on inc U Connor site
lor the new Oregon Technical In
stitute campus will begin immcdi
atciy, Director W.D. Purvine an
nounced.
The well was authorized by the
oiaie hystem of Higher Education
Morey of Klamath Kails
won tno drilling contract.
At a depth of 704 (cot, the first
well has hit water measuring a
consistent 104-degrec temperature.
Drilling on both will continue to
at least 1.200 feet unless adequate
hot water for heating now facil
ities is hit before drillers reach
that depth.
Test wells are essential In lo
cating adequate hot water, Pur
vine says. Drilling operations arc
tricky and speculative.
A hot but dry well in a volcanic
core may be located only a few
feet away from a potential hot
artesian well, he said.
Newspaper
SPOT ADS
are inexpensive
repeated daily $1.16
S5??S 15 f tjJwfe ' iTtZ A MaaKSSaM.aa.SBHB-
4TH ANNUAL TIRE AND BATTERY
mm
change in value. But be sure to
gather any information you can
I that will show (lie value of the
I property before the damage,
I Your problem in claiming a
'llicft deduction may be in proving
(hat the theft actually took place.
When you discover that a tlicfl
has taken place, you should no
tify the police. All the evidence
you can gather police records,
eye-witness reports, newspaper ac
counts, and so on will help
to support your claim that there
was a theft. Obviously, you can
not always tell when the theft ac
tually look place. For this reason,
the date of the theft is not neces
sary for tax purposes. But you
must claim the deduction in the
year that you discover your prop
erly missing.
Kor tax purposes, business and
non-business bad debts are treated
dilfercnlly. Since, as an individ
ual, you are more likely lo be
concerned with non-business bad
debts, this discussion will cover
only those debts which are not
created or acquired in your trade
or business.
ror a non-Business debt lo go
had, u must first have been an
actual debt with legal liability (hat
could be enforced in the courts.
This distinguishes the debt lrom
ihe type ot "loan" you may give
your son, without any serious ex
pectation of repayment.
Ihe non business debt must ulso
be completely worthless. In uthcr
words, it is not sufficient that
the debt is uncollect able today.
It must also be probable that the
debt will remain uncollectoble in
the future.
Say. for example, that you lend
money to your friend Joe Doakes.
This is a bona fide loan payable
wiui uiioiesi ai ine end ol six
Colonel Parkhouse is well quali
lied to speak on the subject of
youth. In his present appointment
as the Territorial Young People
.:ecreiary ana candidates secre-
lary for (he Western Territory of
Ihe Salvation Army, he is repon-
sible for securing candidates for
Salvation Army officership and
supervision of all youth program:
in this area. More than 16,000 young
people attend Sunday School
this territory and he is responsible
for establishing many other youth
programs.
The colonel is an internationalist
He was born in the United States
but in 1900 his parents returned
to Great Britain where he was
raised and educated. He is a third
generation Salvationist, raised
Ihe hub of the Salvation Army,
the city of London. He entered
lull time service in the Army
while still a young man. During
his early years he held many ap
pointments in the London area and
al International Headquarters.
In 1937 he and his family moved
to the United Stales Western Ter
ritory. Since that lime he has held
appointments in both corps and di
visional levels before his appoint
ment in 1!3 to his present position
the public is invited to attend
Saturday night's meeting, where
recognition will be given persons
who performed outstanding serv
ice for the, army during 1959. New-
board members and officers for
19130 will also be installed. Tickets
may be secured from any advisory
hoard member or at the door.
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