Fayette County Leader from Fayette, Iowa on June 27, 1957 · Page 5
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Fayette County Leader from Fayette, Iowa · Page 5

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Fayette, Iowa
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Thursday, June 27, 1957
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Page 5
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DuPont Company Hits At Federal Tax Burden WILMINGTON, Del., The into taxes can hi- cut alinn.;t Ls revised to enrom ai;e individual creativi' forces of pi odiieliuii. n,,. |_ Even if taxes should stay at tl billion a year, the burden will beonne expanded to S750 billion r,2 per <•, nt a company said. For taxes then would prc nation's production, as they i "Each person could then allo TISIS WEEK —In Washington With Clinton Davidson the nation's output now H)7f> if the tax sti urtnre niient and sustain the Company said today. enl high level of over $100 ir less if national output is ">vo I !). r )l! as predicted, the empt not 2f> per cent of the Whatever you may think of K/.ni Tuft Benson us Secretary of Agriculture, and there are all Rhade.s of opinion, you would hnve to i;lvt; him a hlyh mark for courage under lire. For nearly four and a half years he hius been under n steady liar- rage of criticism and abuse Few, If any. Agriculture Secretaries have had a rougher time In Washington than Benson. He came to Washington as a member of the President's cabinet with the avowed objective of "liberating" farmers from high price supports, strict production controls and other government restrictions. He hasn't wavered from that purpose despite an unwillingness of many, If not most, farmers to be liberated. Politicians and congressional foes, Including many Republicans, have said he luus no political sense whatever. Benson has persisted in his contention that throwing oil the yoke of government control.-, and the crutch of price supports, while painful, Is the only way farmers can regain freedom of production and marketing. He spent a year, after coining to Washington, preparing for the campaign to replace rigid 90','o of parity supports with a program of flexible supports, ranging from 75'i _ to 90% of parity lor some and zero to 90% for others. He won that battle in Congress In 195-1. me argument over whether he has been a wise or a foolish Secretary of Agriculture is one of the hottest In Washington. Only time can make the final decision on that, but Benson the man Is an open book. What manner of man Is he? What Is he trying to accomplish? Those are questions for which the answers are plain and unequivocal. So far as we know no one questions his honesty, sincerity and Integrity. Even those who disagree most emphatically with his program respect him as a man of deep and sincere convictions. He has few, IT any. personal enemies. Benson Is a deeply and sincerely religious man. His early career Included service as Mormon missionary In England. He farmed for a time In Idaho, became a county agent and interested In fanner cooperatives. In 1044 he was named one of the Twelve Apostles of the Church of the Latter Day Saints (Mormon Churchv He has the courage ttmt •-•nt\bV-a Daniel, Moses, Jeremiah. Ester and the early Christian martyrs to do what they believed to be right, regardless of the penalty. He became Secretary of Agriculture In January, 1953. and, at the request of President Eisenhower opened the first cabinet meeting with a prayer. Since then every meeting has been opened with » prayer, by Benson whenever he if present Benson Is Intensely devoted tc his family and spends as mu-:h time as he can with his wife, two sons and four d a u g h t e r s. He neither smokes nor drinks, nor does any member of his family. He works 10 to 12 hours a day. What Is he trying to accomplish? In a recent book, "Farmers at the Crossroads", he wrote: "We seek a minimum of restrictions on farm production and marketings to permit the maximum of dependence on free market prices lus the best guide to production and consumption." Fayette County Enters National Soil Contest Fayette County Soil Conservation District has entered the national Soil Conservation Awards program sponsored by The Goodyear Tire & Rubber Company o£ Akron, Ohio, it was announced today by District Chairman J. F. Ingels, of Maynard, Iowa. 'Members of Fayette County District will compete against other soil conservation districts in the state. Non-partisan judging committees, selected from Iowa's outstanding exponents of the soil coservation movement, will determine the state's outstanding district for the period May 1. • v .'"it only about N per cent of it of his biidnet to taxes." The cost of government services essential to (he growing nation must remain high, the company conceded, but must be kept well behind the rate of advance of production if our standard of living i> tn continue growing. The load on the nation will decline only as on, put grows faster than tax demands. "To lighten the tax burden significantly. the nation's output must be increased, and as rapidly as possible . . . Nations, like men. can carry a burden more easily as their strength increases." The disi'iis.iion of taxes is in a new booklet. "The Story of T.i -.:•..." ],uhhsh< d today by Du I'ont. .1:, par! of the nationally distributed "This is Uu Pont" sei ie.-. It points out that present tax laws threaten to .slow or cripple the nation's potential for growlh, and thus undermine the potential for tax cuts. It eniphasi/es that the full po- 1 -in tent lal only it people discipline strictly their demands for government -erviee.-, and if individuals are piovuii'd the incentives to develop then ideas and lo invest I heir ..avings in high risk veil- III! i .,. "The interest of all are best .-erved by economic growth, and the lax system should be judged oy its impact here. The progress :hat the American nation has madi ha.-, been predicated upon individual incentives. If these in- centivi s can be encouraged, and the nation's creativi 1 energies unleashed, the nation's output can be increased, and the burden of .axa-ion made lighter for all." Many present taxes have the opp.i/ite effect and curtail indi- vidird incentive as well as initiative and the industrial growth which mi ans added production and new jobs, the booklet points out. ''They detract from the individual's incentive to invest in bii.-mess ventures, and make it more difficult to raise new funds for growth." High tax rates on individuals deplete the sources oi risk c;i;.)ital that are necessary to tin- new ventures which can help create' new products, new jobs, and higher levels of prosperity, it continues. Investors who could afford to back high-risk ventures ofvcn d riven by current income tux rates toward investments whicl are. safe and sound, "The Story ot Taxes" says, and the small am venturesome firms, a vital element in economic growth, art. finding it increasingly difficult tc attract capital for growth anc expansion. Ordinarily, such firms appea to investors by offering promise of a high rate of return. But in come taxes absorb so much of UK return to the investor that the high-risk ventures lose their at-' traction. Investors "stand to gain little and perhaps lose all. They thus are likely to turn to such things as tax-free state and municipal bonds, where the net return is substantially larger than most risky ventures ruuld prom isc. and win 1 ! i 1 the risks aiv a! host nil." "The net cl'lrct," it conclude.-,, "is to slow the growth of mar.;. ventures which could hi lp spee.l progress." \Vnat is in edcd, Uu I'ont :-\\^ gests. is a lax slriietun 1 that will encourage individual incentive.-, and make the opportunity Im gain more nearly commensm ae- with the risks. It' the United States is to real- i/i.' it.s potential for grov.'th, "our future tax structure mii.-t encourage, rather than retard, individual accomplishment; it mu.-.l sustain, rather than handicap, the creative forces which have pin- duce-d so abundantly. Tax le- qliirements must be filled without paraly/im; our economic adv.me 1 or restricting our opportumlie . For only in this way can the United States discharge its responsibilities before the wo: M and fulfill the bio.a! natural a.- pirations ol its people," the booklet says. I'umtive ol disci imjnatoi y taxes, whatever their purpo.-c. atlord no solution, it continue- lU'Viewmi; the hiMory ol laxainm from earliest civili.'.atioii:.. it .-ay.. "In the end the burden mu.-t ne borne by all segments ol the |<m llation The real quc.-lion imply that of gatiie-rm;', t.ixe: Vllh the leas! possible i e. li ,i.ml pon the strength. t!,,. \ it.ibt> rid the prospect •- ol the conn! i v'. 1 Rout Traffic Killer Darkness With Lighting Legislation irogress." Such a discriminatory ax on corporations "would sharp- y curtail the funds they need for uture investment, peiiali/e then I'ficiency, and offer the venture ome only the 1 prospect of a pre- 'ipitous decline in rate of return." Suggesting specific avenues to nereased investment. Du I'ont •lies three proposals: First, tax revision to make th •eturn on investment more at- ractive. Second, modifications t< <eep investment funds fluid si hat they can respond to swift•hanging economic needs. I.a 'stablishmeni of a tax stiuctii hat will "encourage or at le; ml penali/e industrial grow S 27 JUNE 1957 Fayette County Leader 1. P. Stewart Cow High In Buttcrfat Arthur ele\ ator centlv. in Ida Grove re- ni ni'.:lit (r:\ffic accidents can be charged in nf (lamrrrmis roadway locations. >-: : s highwayman, darkness, nation's rural and urban .T 10,000 persons, maiming ;:nki..'ss I'r..ni hazardous trallic ••I .'I'luiis nil existing roadways iinl i'ii iif\v roadways to be built. The lri;islatinii must be baaed 11 . oii:pl,'tt> awareness of looa- ;"ii wlieiT darkness causes acci- Relires At Inwood, Malene and Hi'li'na .lacobson, sisters, have ivtirwl after H(i years in their respective positions. Malene has been a teacher there, Helena has been employed in Inwood hanks. Both were graduated in the 1910 Ill- wood school class. * * * • Candidate Sam "King" Cole has announced his candidacy for the Hobo 'rown at Britt's famous annual iobo festival in August. The 67 •ear old candidate has already •isited If) states, publicizing the ,1 i'. I' Tlie legislation must stale spo- .•ilirally what tho fixed lighting ••at put must lie ID banish tlurk- li.'ss from the hazardous locu- The legislation must vest the i 1 ..'' I'ssary and :\ilc(|iiutu rosponsl- lulity to Ihdit the ha7.urtluU8 looa- !inM:i in tin) highest possible •uithiirit y. The legislation must direct that •he Ihvliliiitf Im installed ut haz- minus locations. I'.vcry public-spirited ulid ro- •pini;:ibli> public official mid private citi'/.i'ii should apply his best ihmurht and efTort to the prop- Miatinn and enactment of ado- i|u,'dc highway lighting loftislH- tiim. Let's quit pussy footing with the arch villain dark.ieas! Let's 1'rishito lighting into dangerous trallio loc.'iliona. 111 (I e x p;' n • i o 11 . The nation need flow of new idea vestment fund.- n them commercial Rate reductions taxes to provide ,'i' lives for new idea vestment would .••.mall and ternpora enue. For the r t loll til I IU.-.1IH •: increase the niimbe flowing into the Unit Treastll V." l!le booklet AROUND IOWA Phonos TIM.T icsidents are now getting ;ed In dial telephone service. he change-over was completed CCl 111 Iv. Brattlebore, Vermont — The llolstein Friesian Association of America has announced the completion of (an) outstanding official production record (s) by (a) registered Holstein cow (s) owned by I. P. Stewart, Maynard, Iowa. Milked twice daily for 365 days. Pride Hartog Belle Transmitter .'iSfHiM!) produced a total of 18,108 Ibs. of milk and 713 Ibs. of buUcrfat as a 4-year-old. Iowa State College working in close cooperation with the national Holstein organization, supervised the weighing and testing of production as a part of the Herd Improvement Registry program. This official testing program, commonly referred to as HIR, provides continuing lactation and lifetime production records on every cow in ,participating registered Holstein herds. Registered Holstein breeders in all 48 states are currently utilizing this basic information provided by their official records as a tool in the wise selection of individuals, families and bloodlines necessary to continued improvement of their herds. ::::;;n;:i!:i:i:n;;:;;;;;!:;;;;;;;;;;:;:i!:::;;:;:!:tt^ COME AS YOU ARE — EAT IN YOUR CAR 1957 to April 30, 1958 on a basi of total points scored in perform ance of regular district duties. Grand award for one inembe of the winning district governing body in each of the 50 competing units, and the top cooperating farmer or rancher named by that district, will be an expense-free, vacation triip to Goodyear's fabulous winter resort, the Wigwam Guest Ranch on Goodyear Farms, Litchfield Park. Ari/ona in November or December, 1958. Members of the Fayette Couly district governing body who will compete for the Goodyear award are: J. F. Ingels, Maynard, Iowa, Alfred Stewart, Oelwein, Iowa, and Kenneth Kerr, Postville, Iowa. National winners of the Good- Soil Conservation Awards will be honored at the seven regular area meetings of the National Association of Soil Conservation Districts. Plaques will be awarded at State Conventions to the hundred first and second place winning districts. 1.Q THERMOGAS Bulk LP-Gas Service Saves Infant • grandson of Mr. and Mr Thoma. LeMars, recently • life of a 21-month old Chicago. .Jimmy Thoma, the youngster crawl out ledge of a window and d to break his fall enough • child will recover. Burned About Lla.UUO bushels ele dl'Ml lived ill a III "Six dollars for boat, motor, and bait ... we could have had fillet of mermaid!" If Pop really wants To be a sport He'll steer his crew Into our port. DRIVE !:-H-ii::^ h FIRST RECIPIENT ol the "Dislingulilu-cl Tuaclior Award" spoiuoicd by lhi> Maying Company Foundation, Inc., ai u parl of it% H';wtcn It-tnht't pioi|ifim, i\ tAn\ R< *u Merodilh, principal ol Washington school aiul icnior mi-inln-i ol flu- Ni wlon In. ully. Thu award, a Iramod parchment certifitcilt- and '.ilvrr tup, wu-. |Je-v..-ntr E. Vance, loundation proidunl, at u ii.-i.i-nt Mn.-t-lini| ol Hi.- Ili-wlon li'in ulion. Misi Meredith aha reccivc-d u lili- nn-inbi-i llnp in Hi.- ,.i.lui ulioiui ol her choice, in this case the Nalioruil EJucatiun tisiuonliun. Ill-- ciwi on educational contribution lo the childien ol tl.wlun, %. rvice lei tin- 10 mini/. service to the local group of teachers and si-ivice [n tin- fduu- of uiiuiutiun IP n erolly. The Maytag foundation's Newton Teacher piocjium, consideincl linif|u - in educational circles, also provides for travel and convention grants, suinmor ithoa! scholarships, financing of speakers ahd tickets to cultural attractions. Clover Farm APPLE SAUCE 2 for 35c Clover Farm PORK & BEANS 2V4 can 19c I, special Coffee.89clb ft. P. Dee (UPID fUfl "Too quality materials and know- how fio into our ENGINEERED INSTALLATIONS to assure maximum efficiency; lower operating costs; safe, dependable service." Gene Wm. Singer Plumbing -- Heating -- Wiring phone 247 Fayette, Iowa HERE'S A SPECIAL! Clover Farm SWEET PICKLES Clover Farm MARSH MELLOWS jar 29c Li pkgs. «)3C Tall Can PET MILK 3 ^ 43c SUGAR'" > .99c with a Kelvinator Air Conditioner This % ton Kelvinator Air Conditioner has been a store display model and we will sell it at a big savings to you. REGULAR $249.94 95 Now $174 at Schneiders Electrical Appliance Store FAYETTE Powdered and Brown SUGAR lOc Clover Farm FLOUR Mayfair TOILET TISSUE SPECIAL 4 46 oz. •Ili-C ORANGE DRINK 25 ibs. SI.79 4 ro ,u 29c SPECIAL $}.00 I LEMONS doz. 39C Frozen Orange Juice 2~.29c Wilke's Clover Farm Store Fayette, Iowa

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