Hope Star from Hope, Arkansas on October 10, 1974 · Page 5
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Hope Star from Hope, Arkansas · Page 5

Hope, Arkansas
Issue Date:
Thursday, October 10, 1974
Page 5
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Thursday, October 10, 1974 HOPE <ARK.) Sf Att Page Five Arson is suspected store fire in HELENA, Ark. (AP) - the Dixie Furniture Co; was destroyed by fire Wednesday afternoon ^ about the same time two women were arrested behind the three-story building for allegedly trying to steal two mattfess^s ffffir!* the store, Sheriff Marion S. Hickey of Helena said. Hickey said arson was suspected, and the prosecuting attorney has asked that the Criminal investigation Division to help him investigate this possibility. Raff said that about the time the two female suspects were captured in an alley, what appeared to be an explosion occurred on the third floor. Fire Chief Johnny Beliaque of Helena said damages to the store, which was sealed off, could run as high as $500,000. Raff said Municipal Court Judge Edward Gruman of Helena had granted arrest warrants for Mary Jesse King, about 45, of West Memphis and Carolyn King, about 27, of West Helena. The two were being held at the Phillips County Jail Wednesday night on $50,000 bond each. Raff said he would Hie two felony counts of burglary and grand larceny charges against the two w.omen in in Phillips County Circuit Court today. Hickey • said the furniture store is closed on Wednesday afternoons and that, to his knowledge, no one was injured. Hickey said he did not know if the two female suspects were armed. . Searcy County sheriff cleared HARRISON, Ark. (AP) - A U.S. District Court jury found Sheriff Billy Joe Holder of Searcy County innocent Wednesday of filing false income tax returns. The jury deliberated for about three hours before returning the verdict. The trial began Monday. Holder had been indicted by a federal grand jury on charges of Oil depletion allowance: a major question > J. \ ' S. - '••'.. " . " .'.,'..-" • , T ' ' Crf the apparent robbery at* tempt. Mickey said, "We were aware that something might happen." He refused to elaborate. Two buildings next to the furniture store might have suffered some smoke and water damage, Hickey said. the sheriff said the women drove a half-ton truck up to the store, "backed it up and appar* ently were getting ready 'to load some merchandise on it." Two mattresses were loaded in the truck, he said. "Either the mattresses were the only thing they were going to take," or the fire broke out and halted the apparent robbery attempt, he said. Asked why the women allegedly would have tried to rob the downtown store in the middle of the afternoon, Hickey said, "They apparently thought -because the downtown was semicrowded — I guess you'd say people were moving around — that they would not be obvious. They thought they could remove this merchandise without too much question." WASHINGTON (AP) - fefr lions of dollars and the future of the entire tdx revision bill are riding on the answer to one question in Congress: Should the oil depletion allowance be ended? Oil state forces in Congress dphU want it to end at all, The House = Ways ahd Means Com- 1 mittee is ,torn but generally wants it to end slowly. Anti-oil congressmen would like to see it end quickly, retroactive to Jan. 1 of this year. The issue is an important one in the running tax disputes in Congress. The entire energy tax bill was blocked earlier this year in a dispute between conservatives and liberals on the Ways and Means Committee over whether when and how to end the controversial allowance that provides a multi-biliion- dollar annual tax break for oilmen. , That bill in slightly modified form is part of the comprehensive general tax revision package. With the oil tax bill aboard, the tax legislation was so close to death this year that its critics were making plans for next year's clash. However, the President's endorsement of the chief features of the general UR revision bill, as part of his hew campaign for inflaUon*fighting taxes, s gave the legislation a push away from the grave. Now, however, even the fate of the new economic tax package depends on the tiutcome of the congressional elfish over the oil depletion allowance. Rep. Al UHman, D-Ore., act* ing chairman of the Ways and Means Committee, wants to put everything into the one bill in a giant push for enactment this year. In his economic message to Congress Tuesday, Ford endorsed the general tax revision bill's features that would ease capital gains taxation, would give tax relief |o low and> middle-income' Americans, would levy a new so-called windfall profits tax on oil producers, and would take steps, as the President put it, "closing the loopholes." Asked at his news conference Wednesday, "Is it your own view that the oil depletion allowance should be phased out?" he replied, "The answer is yes." the depletion allowance currently permits & per cent 6! gross income from petroleum property to be deducted from laxable income up to & top of SO per cent of taxable net income. This allowance is estimated to save oilmen between $2 billion and $3 billion a year in federal taxes. x The Ways and Means Committee's allowance phaseoul National committee is assisting Judy Petty WASHINGTON (AP) Judy Petty, who seeks to unseat Rep. Wilbur D. Mills, D- Ark., is getting financial and volunteer support from the Republican National Committee, party chairman Mary Louise Smith said Wednesday.- There have been published reports that the administration has lent moral backing to the re-election efforts of Mills, chairman of the powerful House Ways and Means Committee. Mrs. Smith, speaking to the Republican Women's Federal Forum, was asked by a member of the audience if Secretary of the Treasury William E. Simon's appearance in Hot Springs Sept. 14 with Mills ( meant GOP support of'the-con- gressman. According to a spokesman for Mills, Simon had wanted for some time to talk to Mills i about the economic outlook and related legislation. The spokesman said that since Simon was in the area anyway he decided to drop in on the congressman. Mills and Simon held a joint news conference at the airport there. "We are offering assistance to Mrs. Petty," said Mrs. Smith. "She is a fine candidate and she has our support." The committee also has done computer survey work for Mrs. Petty and plans to send at least one person to Arkansas to help in the campaign. Mahe said Mrs. Petty's election chances are "excellent" and that race is considered a "No. 1 target campaign" for the committee. Before Mills' apparent incident involving police at the Tidal Basin in Washington, "he was no tower of strength/' said Mahe, "and now her chances are even improved." Also, Mahe said the national committee might be sending, still more resources into the state to aid her now because Fashion Fabric Event o t* 100% POLYESTER DOUBLE KNITS • FANTASTIC ASSORTMENT OF COLORS • AND STITCHES FOR YOUR SEWING FUN! • 60" WIDE ON BOLTS AND PERMANENT *PRESS. FABULOUS VALUE TERRIFIC PRICE! * EG ''° *1\ 7 . SAVtTODt '3.99 Yd - fohrifk* FABRIC CENTERS w 100% COTTON CORDUROY / i i •/•> / s// i/>/> i (n< i (/ / /N IN K\< ITIM.*I:I i:<n<>\ 01 \\ 1/j.s. I'I:KI i:< THIK <a \ i s. / n /V/.YS. s////r/s. /' i\v>- ( N/> uutun\ t ii s ASSORTED APPLIQUES SEW ON AND DENIM IRON ON IN YOUR CHOICE OF THESE NAUTICAL FRUITS, ANIMALS, SIGNS OF ZODIAC AND FLOWERS. ; DEEP TONE FALL DENIMS |/'«/-JS//W/ N/v tMt \OIIW\. </ ui s// nn S/N in n tin i i \/> !/ rs///ON till h 1)1 MM /VH//)/ < ' I OH << 1 1)'I'TO\ SIMPLICITY fabrifie FABRIC CENTERS HOPEVILL4GE SHOPPING CENTER SATISFACTION GUARANTEED would work this way; -Generally, the 22 pif cfcfrt would drop w IS per cent for oil produced this year, 8 pef cent in 1975, and zero thereafter. —However, the rate would re* main at IS per cent until Jan. 1, 1979 -\ when it, too, would plunge to tero - for oil coming under any one of these three categories: the first 3,000 barrels per day 6f production, the producing Up to 16 barrels of oil Alaska's noflhiidpe./,, v ' The commute! ha§ ifejetted efforts by Rep. duffles A* Vanik, Dohie, 16 cUmlnate foreign tax credits oti pett«le\ffli pfi* duced abroad and U«it foreign taxes as a business deduction instead of a direct offset against U.S. taxes*, and by Rep. William 0. Oreett, t>W.. ; to d «H«i; allowa approval of Moils* crats for a bid to gain a vote on similar amendments to the separate energy tax bill -^ legislation that since has beCrt kept off v the House floor in a major congressional power struggle. Eddie Mahe, director of the Republican National Committee's political division, said later that Mrs. Petty asked and received a $5,000 contribution;, the incident may haye harmed ,, m j COUPON S-P-E-C-I-A-L -S DEDICATED TO QUALITY PRESCRIPTION SERVICE ,-«.--—-COUPON- LADY GRECIAN .-----..-•COUPON---. RUBBING .-J JL. 100 COUNT ASPIRIN ASPIRIN , J iff L SUCKKTS tonyoifihr twp(M*UM couehng* it MMUIioni '-—-""—I. r SORE THROAT \ LOZENGES j SUCREJS \ -----—.COUPON.-----' ANTACID PACK OF 24 MYIAHTA $J25 ..-------COUPON DIET 1201. ,_ COUPON SCALES A DIEJORS MUST TUMS 3 ROLLS FOR •COUPON*- — — ««••« f—• — — mnmm .-COUPON NEO-SYNEPHRINE HANKSCRAFT SPRAY 'ADZ NASAL SPKA1T STEAM VAPORIZER $C98 REG. '9.88 DRUG COMPANY 2ND & ELM STREETS PH. 7774616 "IfTiff Fill row NEXT PRESCRIPTION 2ND & ELM STREETS PHONE 777 46U PLENTY PARKING IN BACK OF STORE t/At/T Of ONf TO CUSTOMER Ail COUPONS GOOD THRU SAT. OCT. 12

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