The Post-Standard from Syracuse, New York • Page 4

4 THE POST-STANDARD, Syracuse, N. Thursday, July 22, 1954 I Housing Probers Planning Hearings In 6 Major Cities WASHINGTON. July 21. UB--A cross-country tour seeking, further evidence of alleged housing Conferees Vote- (Concluded from 1) $1.370 billion the first year. iThe Senate cut this to $1.316 billion, knocking out mosc of the dividend lax cut and the foreign income tax cut, but adding reductions for child-cure of working parents, nnd other items.

Experts estimated the conference committee vrrslon would cut revenues nbput $1.363 billion the first year. The revenue reduc- by the Senate Banking Commif-lknock out of the big revision pro-Jtion would mount in years field--the compromise faced a pos- sibily stiff fight in the Senate. In the House, where it faced less opposition, leaders said the compromise probably woufd be called Up next week. In other last-stage action, the irregularities was projected today conference committee agreed to tee. Taking a breather in its public probe of profits to builders from FHA-insured loans which exceed actual the committee tentatively agreed on a new schedule 'of coast-to-coast hearings and asked another $150,000 to continue its work.

Chairman Capehart said he does not see any end to the spreading investigation, and predicted the inquiry may run into 1955. The Senate, which voted the committee $150,000 in April to start its study, must pass on the group's request for another appropriation of the same size. MAYBANK ACCUSES gram a House-approved section as some of the provisions took cutting taxes on income earned by full effect, but no official overall corporations from foreign is available for tions. i years. This section would have re-; On dividends, the House bill duced taxes on foreign income have granted the $50 ex- about $147 million a year.

the first year and would Senate balked at this cut and the conference committee accepted the Senate version. In another major decision, the conference committee knocked out Second year, the figures would have permitted taxpayers to deduct 5 per cent of their remaining dividend income from their tax bill the i year. In the 1 of the bill a Senate amondcment which would have killed the tax exemption granted to charitable or educational foundations, if they made any grants to suspected sub-! vcrsivos. Spokesmen for such giant en- lerpricies as the Ford, Rockefeller i have jumped 10 a $100 exclusion and 10 per cent tux credit Thus taxpayer with $10.000 dividend income would have received a tax cut of more than $1,000. The compromise version knocks out the second-round tax cut ail- together and holds It to 4 per cent tax credit and the $50 ex- cHiHion.

Thus the i relief for a tnxunycr with $10,000 income from dividends would be allflhtly over $400. The stricken Houso provision on foreign income would hnvo given 14 ccntage point reduction in the tax rate on income earned from foreign In addition, it would have permitted foreign branches of Arr.cricnn corporations to withhold tax payments until the fnrciKn-enrnrd income actually wns sent to the i States. The bill continues ihr corporation income tnx rate at 52 per cent for one morr year. It scheduled to drop tn 47 por cm', April 1 i amounted to A loss in revenur of nbout $1.2 billion. earlier hnd knocked out most of the $50 million in tnx reductions voted by the House for single hcada nt households, limiting them to two-year period after the death of a wife or hunbnnd.

The compromise version lakes the more liberal Senate b'lll permitting deduction of up to $000 yr.nr for child-care expenses of heads of households who work, nr for working mnrricri couples i incomes hcfow $4,500. This is tax reduction of nbout $130 i i a ycnr, for nn csti- 2.100,000 taxpayers. School for Traffic Violators Planned NEW YORK, July 21. OB A school for drivers Jinled into the courts will open Oct. 1, Chiet John Murtagh announced today.

Traffic who are "accident-prone" with a compulsion to speed and pastf red lights will be Riven the choice of attending six sessions and then being sentenced in the Jlfiht of their school work--or being sentenced on the spot. The first driver given the option a i Sen. Maybankjand Carnegie Foundations argued! senior Democrat on restriction could almost dc-' committee, charged that housing officials were not moving quickly enough to end alleged abuses. Maybank also criticized the De- lense Department for failing to block what he said might be "corruption" in the operation of the military housing program. His outburst came during a stroy their operations.

The amendment was sponsored by Sen. McCarran (D-Ncv). Tht trading among the conferees-on various sections of the bitl produced little change in the; total revenue effect. Ar, passed by thp 1 the reductions would a routine confirmation hearing on President Eisenhower's appointment of Norman P. Mason, New England lumberman, to head the Federal Housing Administration.

MASON OKAYED Mason has been acting FHA commissioner since April, when his predecessor, Guy T. O. Hollyday of Baltimore, was ousted as the housing investigation started. The committee questioned Mason 1 for A few minutes, then recommended his confirmation to the Senate. Earlier the' committee, meeting in closed session, had tentatively decided on this hearing schedule: New York city Aug.

24, Los Angeles Aug. 31. New Orleans Sept. 7, Chicago Sept. 14, Cleveland Sept.

21, New York again on Sept. 28 and Washington Oct. 5. I Several days of public sessions! will be held in each city, he and others may be added to the! list. i The committee plans to wind Us current series of hearings with sessions tomorrow and Friday.

It has been holding hearings in Washington periodically since last April, when reports of the alleged housing irregularities first made public. WINDFALLS CONTINUE As the confirmation hearing' started. Maybank burst forth with an accusation that "housing scandals" were getting "worse and worse" and that "windfalls havo 1 not been stopped." He noted the Eisenhower administration has been in oflice for. a year and a half and said it was-, time some results were shown. The Eisenhower administration has fired 11 officials, some of them top-ranking, as a result of its own housing investigation.

Congress is about to approve an omnibus housing bill a i i provisions designed to close loopholes. Anywh FAMO RANDS Block eorqe RQOW ARI HIRK AGAIN! Choose Your Favorite Salad--95e with butter, beverare. Fruti--Vege- table Meat or Fish Salad with French, Ruftftlan or plain dressing. One low price for the featured luncheon. Served Monday thru Friday AIR-CQNDITIQNED accepted "enthUiiMticaHy." He has live apteding hanging over him, each carrying a maximum of $50 and 30 days in jail.

He if tree on bail until the new school itarta. MototisU attending the school will get lectures by police officers, city teachers and magistrates, slides and motion pictures, and have their driving, habits analyzed on driving courses. KEEP COOL WITH SUPER COO LA! HOTEL ONONDAGA PAT I Stop Lugging Enjoy your favorite soft drinks in Cap-Top Cam! Now on sale at your grocery "tore. Remember--no deposit, no return! 6 su per delicious flavors: Coola, Root Beer, Grape Soda, Orange Soda, Ginger Ale and Lemon Lime Soda. DEALERS: For irmnediate service-- UTicA 3-4688 Hemingway Gets Top Cuban Honor HAVANA, Cuba, July 21.

Cuba honored Ernest Hemingway; on His 53th birthday today' with; the highest award this nation ever; gives a foreigner. The U. S. au-j thor has been a homeowner here; since 1939. President Fulgcncio Batista's representative, Gonzalo u'e 11.

pinned the blue-ribboned gold medal of the Order of Carlo? Manuel de Ccspcdes on Hemingway at an informal ceremony at International Yacht fronting Havana harbor. Guell said the order "honors those who have worked for the progress of mankind and to for-; ward the interests of Cuba." Hem-j Ingway replied. "I love Cuba very much and will try to serve her in the future as 1 have attempted to do in 'the past." Lu Ann Becomes Bride Saturday ROCHESTER, July 21. UP Lu Ann Simms, 21, television singer, will be Saturday to Loring Bruce Buzzell, 26, New York city music publisher. Mr.

and Mrs. Aldredge Ciminelli, parents of Miss Simms, said the wedding would take place in St. Raphael's Church, 41st New York city, at 11 a. m. The couple's engagement was announced Easter Sunday.

A Columbia Broadcasting System spokesman said Miss Simms will resume her program on the Arthur God- ircy Show ir, the fall "as far as we know." Miss Simms' parents said the couple plan to reside in New York city after an Adirondack honeymoon. Health Protection Hanging! FLY RIBBONS Flies are more or tess immune to liquid sprays. A sure and safe way to get. rtd of annoying flies is to use AEROXON FLY CATCHER SIBBONS. Comes with tack xt txhwJ, easy to hang.

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