PAOB TEN Congress Urged to Look into Tax Methods Not Even Tried Here Yet <ABK.) COURIER MEW» MAKC'H OF DUfES CHAIU- MAN—Attorney General Ike Murry has been named 1552 March at Dimes chairman for Arkansas, Basil O'Connor, president of the National Foundation for Infantile Paralysis announced today. He succeeds Pat Mchaffy, uttle Bock attorney, who has headed the Dlme.5 drire for the past two years. Hundreds Miss Injury in Crash FOUR OAKS, N. C., Aug. 13. (IP —Hundreds of passengers escapee death or serious Injury near here yesterday In the wreck of Ihe Atlantic Coast Line's streamline passenger train, the East Coast Champion, According to O. O. Slbley, ACL assistant vice president for operations, more- than 500 persons were aboard the Miami-New York trail which crashed two miles north 01 here at 1:20 a.m. (EST). The railroad announced no one was killec and no one was seriously Injured when iho .nine middle cars of the IB-car train were derailed and three cars plunged down R 20-foot embankment. Br BAM DAWSOW «. KEW YORK, Aug. IS. (*)—Congress still has way< to tax you that It hasnt tried yet. Blue Monday may b« no Um« to bring it up, but Congress U being urged today to look Into these ways. Tha Twentieth Century Fund's Committee on economic stabilization thinks Congress should start now to study taxes never used here before—Just to be ready in cose the tightening screws of the income tax and the excise taxes don't rais« the billions sought for defense. The Congresslonal Economic Committee, at the same tlnia, releases a report of iU staff experts today recommending an immediate . tax hike of (10 billion—with most of the burden en the middle Income brackets. The Twcmiein uemury Fund, a non-profit foundation for public education on current economic problems, sticks to its previously stated idea that $16 billion Is needed In additional tp.xc.s to pay for 'defense as we go, and to ward off Inflation. The Senate is now studying the House's $7.2 billion tax bill, and some members of the Senate Finance Committee — which begins closed-door hearings today — predict they'll come out with a smaller sum than that. The fund's committee thinks that hiking persona! income taxes Is the best way to raise most of the ?!6 billion it insists Is needed. But it also suggests that Congress, as a preparatory move, start studying other taxes. These are explained in a book the fund publishes today—"Financing Defense" by Albeit o. Hart and E. Gary Brown, who leach economics til Columbia and the Massachusetts Institute ot Technology, respectively. The taxes—which the authors discus* ratiier than recommend—are: 1. A spendlngs lax. Unlike a. simple sales tax this ta a tax at progressive rates on each family's lo- tai spending. The more bills your family run up on you, the higher- rats you would be taxed. 2. Worth Tax. This has tempting revenue possibilities, since the authors estimate that the American public U worth at ieast $800 billion. People could be taxed on what they're worth rather than on what they make. The authors stress the difficulties ot making Oils fair. 3. Tax on Increases In personal Income. This is a variant on the corporation excess-profits tax, It means that if you're making more thi* year than last, you'd pay In addition to the usual Income tux another tax on the extra amount you're taking home this year. The two economists estimate that tha hump of defense spending either next summer, or the following winter—will be at least $84 billion a year. To meet It, they lliinfc personal exemption! on Income taxes may have to go down to »400 per capita and the first-bracket rate go up to 32 per cent. They call the persona! Income lax "the core of economic stablll-ia- tion policy." And they sny that n "lowering of exemptions Is a better way of uncovering more tax potential than is n general sales tax, and fur superior to any other Uix suggested." But Senator Taft, Ihe Republican leader, said yesterday that next year Congress may have to consider a federal sales tax to meet the cost of military spending. In a report at the end of the book, the Twentieth Century Fund's committee on economic stabilizj- tioti says it would oppose a general sales tax unless: 1. ft was excluded from the bases used for figuring escalator clauses for wages and farm prices (otherwise inflation would go on spiral- ling) ; 2. The tax is kept separate from the price of g(x>ds so that the purchaser knows how imic-h the tax is: And 3. Personal exemptions are provided. These exemptions would let every household buy tax-free a certain amount per family member, paying a sales lax only on purchases above the exemption. The committee SEJS this »-oti!d keep | „„,„»,„„ a sales tax trom penalizing the, painful, most "effective and leave P°° r - I the fewest lasting scraps on our The committee urges strong ac- • economy? New York-Tokyo Teletype Set Up TOKYO, Aug. It. «v-The long- eet news teletype channel In (he world opened on an experimental basis today when newspaper subscribers In Tokyo received the Associated Press report direct from New York, 9,000 miles away. For just over one hour newspapers in Japan and the United Slates received the same stories at the snme time. It was 1:15 a.m. EST In New York when the servlc started. That was 4:15 p.m. in Tokyo Japan and other Far Eastern points began receiving the AP re wrt via radio teletype service fron San Francisco yesterday. Today tha circuit was connected In San Fran chco with the main United state .runk line, or "A" wire. CEASE-FIRE (Continued from Page 1) we were willing to discuss this proposal jointly on a map with a view of making such adjustments as would be acceptable to both parties. "We would listen attentively to any views you may care to present on n demarcation line and demilitarized zone based on the battle lines and existing overall militr.-y situation. "Have you any adjustment* to make?" Nam ignored the Question, Nuckols said. Nuckols emphasized that Joy's statement did not represent any departure from the previously expressed U. N. position. The statement rcemphaslzcd. through 11.50 of the phrase "overall military situation." the Allied dominance In the air and on the sea. The U. N. command communique noted that the Communists again rejected Joy's suggestion that the question of the demilitarized zone be tabled temporarily, and ncgo- tlalors move on to another subject on the agenda in the hopes of making some progress. In quarters. Senator H. Alexander Smith <R- NJ), one of the touring group, said he agrees with Eisenhower's views on potential Western strength and believes the general's encouraging ,-ords will be reflected in a determination by the committees not to reduce materially the $0.300,000 000 In foreign military aid that would be authorized by the bili. Action Is Justified "I think our conferences with the general strengthened the feeing that we are justified In going ihead to try to equip the European divisions as fast as we can " Smith said. The subcommittee, headed by Senator Orccn (D-RI), said that Eisenhower hnil been promised a 75 per cent Increase In European contributions to the NATO army next year, to be followed by « 40 per cent increase tn the number of divisions the following year. Hunt said that one of the reason* Europe hasnst already put -lore men Into uniform was because American arms had not yet been made available lo equip them." Boy Scouts Say Farewell to Meet BAD ISCHL, Austria, Aug. 13. (/P) —Boy Scouts from all parts of the -ce world, 17,000 strong, assembled )day tor the last time on the ral- ylng ground of the Bad Ischl camp or a ceremony marking the end of he seventh World Boy Scout Jnm- >oree. The jamboree opened Aug. 3. Boys of 47 nations marched to he 'farewell meeting, not In n»- lorjai. contingents, but like broth- is happily united in the world wide loy Scout movement. At the end of the ceremony, held mder brllllnnt sunshine, the boys ang "Auld Lang Syne." Congress May Quit Oct. I WASHINGTON, Aug. 13. (API- Senate Democratic Leader McFar- laurt (Arizi today set Oct. 1 as a target date lor adjournment of Congress. lion lo meet the threat of Inflation, which it thinks will Increase sharply in the next few mo'nths. The committee says large tax increases \voulcl hasten the lime when direct price controls nre scrapped. The ininLs that Hart and Brown mull over are: whnt Is the bc?l way to get the money out of the taxpayers, and whnt way—or combination of ways—will lie the least "But, dear, if will only take me a short while to get a little personal loan at GfNfRAL CONTRACT PURCHASE CORPORATION!" EISENHOWER (Continued from Page 1) mllshlened self-Interest." There will be unity when every man "believes what lie Is doing Is good for, him." Elsenhower was quoted as telling the committee dur- - g conferences at his Paris head- a . n Many of the ground troops will leave mote woSde peace Jnre lor Oe 'or German)',this fall to join Gen. Dwight D. Eisenhower's Atlantic n 'act army. The mock war Is being fought In he pine-wooded sandhills sur- A-Bomb Korea, Moscow If Talks Fail'—Rivers WASHINGTON, Aug. 13. <&Rep. Rivers (D-SC) says the nlom bomb should be used "from the 38th mrallel all the wny to Moscow" if Korean cease-fire talks fail. He is preparing » message to resident Truman on the subject, ic announced Inst night. "It seems lo me we have no other hotce If the Communists break up he peace talks by demanding Im- ossible things," nivers said. MONDAY, AUGUST 18, 1991 escaped from East Prussi a, a mass meeting " p , cture r d a , " Curtain - The v are refugees who n Acme Start Photographer Werner Kfeusch.) ,' Yanks 'Defend' Industry In North Carolina Area FORT BRAGG, N.C., Aug. 13 ver is Li. Gen. John R H \P)—Exerese Southern Pino «,•>,. „,„„.,;, ' .:'..' Exercise southern' Pine war games opened today with a mythi- E,,,,,,to w>ji:iji.u tuuity tviLii a jnj'tnl- cal enemy aggressor trying to crash Wn.M V 7Z I . through a defending U.S. force and TTOrl ° TOUth Assembly capture'the nnlelfh-Diu ham indus- To Hfnr ?«,, A-l :apture' the Raleigh-Durham Indus- rial area. The two-week maneuver nvolvlng about 110.000 troops and airmen Is Americ.-i's biggest field -raining test since World War II. he pine-wooded sandhills slir- lrom Washington and his addres oundlng Fort Bragg in south cen- wollld ne P'Ped to a conference ses ral North Carolina near Fayctte- sm " ° n llie Cornell University cam 'Ille. Troops and planes of a make- nus believe enemy have pulled a sneak . relieve enemy have pulled a sneak nvasion of the South Carolina onst and are moving up toward Fort Bragg. They have aimed an irmored spearhead at Ralelgh-Dur- inrn about SO miles north of the ort. The maneuver Is designed to ct up realistic battlefield situations or defending U.S. forces. Air Support planned Oround troops of both sides have air support. The deputy maneuver commander, MaJ. Gen. W. R. VVrl- lubarger, commanding general of he Ninth Air Force, says "ah- op- rations iti exorcise Southern Pine A'il) demonstrate once more that •actlcal air forces and army troops are Inseparable partners in any suc- essful land campaign." Jet planes ilso are being used. The troops engaged include the 28th Infanlry Division, the 43rd nfantry Division, and the B2nd Air- x>rne Division. Airmen are from he 9th and IBth Atr Force. The Olst Logistical Command. B former New York City reserve unit, Is supplying both the aggressor and U.S. orces. Former ANG Unit The 28th Division is a former 'ennsylvanla National Guard unit talloned at Camp Atterbury. rnd. The -13rd Division, composed mnln- y of Now England soldiers, ts based at Camp Pickett, Va. The Defense 3epartmr-nt has announced that loth divisions are being sent to Germany this fall. The 82nd Air- mrne, which will parachute some roops during the war games Is sta- loncd at Fort Bragg. The director of the svhole mancu- iT7r \\ "l\S. I \}\ Y^J % ]/ **& \ i *i ^^ \ tf \r/ Your Biggest Cleamng Problems! Keeping kids' clothes clean is a major headache for every mom. But ivjse mothers send US those soiled garments, for thorough, gen- lie dry cleaning! They like the way we re- mov« stubborn spots . . , have clothes back in record time! Try us today! BIYTHEVILLE STEAM LAUNDRY & CLEANERS PHONE 4418 — —., UU * MI it> jiuuge, coin- andmg general of the Third Army. -- -•• ••••-*s«in«ii To Hear See. Acheson ITHACA N. Y.. Aug. 13. (AP)~ f f?" 1 * °' ™' Ing moderately active and generally steady on all classes; several loads good and choice steers 32.7535.25; utility and commercial steers and heifers around 2650-31.00; utility and commercial cows 23 0028.00; canners and cutlers n.5o- Read Courier News Classified Ads. Senator* Relate Sfory of Wild Parties, Girls WASHINGTON Aug. It. IJfj- Investigating senaton iaid today they may turn a public spotlight on wild parties at which a contractor provided girls to entertain Army procurement officer*. Members oj the investigations committee, declining to be named, said they will decide within a week or two how many at the details to make public. Investigation started a year ago, to determine whether the contractor gained any unlawful advantage in competing for defense contracts Committee sources said there Is no direct evidence that any law was violated. The firm did obtain contracts, and still Is performing under them, these sources said. Two procurement officers, identified only as civilian employes, resigned after being suspended by the Army in Ihe midst of the inquiry. The contractor's name also was kept secret. Sweden Grants Asylum To 12 Red Mutineers STOCKHOLM, Aug. 13. WV-S WC den today granted political refuge to 12 Polish navy mutineers who overpowered their officers and directed their minesweeper, the Hact- rcgfaricson, to the Swedish port of Ystad Aug. 2. The Swedish government Saturday rejected a request of the Communist government of Poland to arrest the 12 men. In granting asylum to the men, the Swedish government gave them special refugee passports. Wires Short-Circuited A short circuit in the electrical wiring of a Negro residence at 91B South First street was the cause of a fire alarm this morning. No damage resulted. today from America's ton dlnln nat-Secretnry of slate Acheron " Assembly officials announced la,t ight, that Acheson would speak! rrom Washington and his address Uvestock NATIONAL STOCKYARDS, 111 Aug. 13. W-dJSDAt-Hogs, UOOO-' bm-rews and gilts ,80 Ibs up mostly j steady with Friday's average- li-ht- I er weights steady to strol , g . s ° oL , i -o cents higher; sows mostly 25 higher; bulk choice 180-230 Ibs 22.75-23.00; top 23.00; 240-270 His 22.00-65; few 270-300 Ibs 21 00-22 15150-170 Ibs 21.50-22.50; few 2''75 : 120-HO Ibs 18.75-20.75: 100-110 Ibs 16.7o-lB.CO; sows 400 Ibs down 19.502025; heaiier sows 17.50-1900- stfg.s 13.00-15.50; boars 10.50-1350 Cattle, 6,500; calves 1.2CO; open- •""^^^"^•^•^^•••1 We Finance AUTO & TRUCK REPAIRS Complete Service on All Mokes FREE ESTIMATES =:COME IN TODAY! BLYTHEVILLE MOTOR COMPANY Walnut & First Phone 4422 at a gran*surprise The average waga earner today works fejj time to earn the price of telephone service than he did ten years ago. SPREADING THE NEWS- Shapely Vcra Marks, 17, a student from Frankfuri, telephones the news that she has just been named "Miss Germany, 195 j" n^ Baden-Baden. She plans a ca reer in journalism. (NEA-Acme ohoto by SlafI Photographer Harms Jaeger.) For cool drinks the stars choose Sclienley ...ivhy don't you? TryaSchenley Highball — so refreshing! An old school chum driving through. . . But there's always time for a telephone call. . . and a pleasant trip b.ick through memories of other years. Come to think of it, lots of the pleasant moments we enjoy wouldn't be possible without the telephone. Yet — with all its worth - the average cost of a local telephone call, including lax, is only about 21^. A bargain? One of the very best. fVfRY HfLLO IS A GOOD BUY Cool off with a Schenley Collins! Summer Drinks Wte better $082 < s Qt. L pj n t BlfMDfD \WISKEY i6 W. «5% WAIN N£O?' IMt SPHiTS. SCHENlcY D1ST..INC..N.Y. C. Shot Repair Hclpi You Look Your leit n-fl LT€RS '
What members have found on this page
Get access to Newspapers.com
- The largest online newspaper archive
- 9,800+ newspapers from the 1700s–2000s
- Millions of additional pages added every month