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The Daily Plainsman from Huron, South Dakota • Page 4

Location:
Huron, South Dakota
Issue Date:
Page:
4
Extracted Article Text (OCR)

Editorials flLN. Loses Appeal The United Nations, which has a pe'ichant for operating in the red, now plateau in 1971. It even money on its guided tours for lime. the U.N.'s New York liuflHings 'have', been declining since when, more than one million visitors" were'. recorded.

In 1070, the rtjiiinber was down to 038,000 and lasl yeaj.it dropped to 874,000. 1971 figure is particularly sigriificanl because of the widespread publicity surrounding the China question and the debate over the India-Pakistan war, not to mention a minor skirmish between delegates on floor of the exalted meeting place. 'Thus, in a year when greater public attention than usual was fo- cused on the U.N., attendance by the public dropped off considerably. From the financial point of view, U.N. tout's probably will continue to lose money.

The reason given by Maurice Liu, chief of U.N. public services, for the declining interest by visitors is the condition of the American economy. That may have been a contributing factor, although it was not evident at other tourist meccas such as Mount Kushmore. Possibly it has not occurred to the gentlemen in the glass cube that the American people might have a little more respect for, and thus more interest in principles rep- resented by the Shrine of Democracy than they have for those represented by the actions and inactions of the world organization. Stalling The Checkmate has.

its problems. So the International Chess Federa- MeV'ely making the preliminary ar- tion settled that question by rangemenls so the main event can the first half of the match would be Jake place can tax the most expert held in Belgrade, Yugoslavia (Fisch- i 'diplomat. er's choice) and the second half in" In arranging such a relatively Reykjavik, Iceland (Spassky's selec- matter as a champion chess tion). between Bobby Fischer of the Now the negotiators move on to Stales and Boris Spassky of other matters. Before much more Soviet Union, the initial condi- effort has been expended on the have proved troublesome.

tedious maneuverings, someone might Among the first decisions to be well ask why the games cannot be ade was a site for the contest. played by mail. Providing an agree- The contestants opted for dif- ment could be reached on a courier, Cerent locales and neither budged, that is. Opinions: When Is A Cigar CP Chicago Tribune The Federal Trade Commission, which finds itself In the middle of a muddle, rSeems to be in the middle of one again. tobacco industry is flooding the market vending machine size "little cigars," the PTC is trying to determine if i they are legally cigars or eigarets.

16 new "weeds" arc perhaps a predict- The combined efforts of general, the American -Cancer Jj Society, tax-happy governors and mayors, and the federal ban on 'television cigaret advertising have scared many American r. smokers away from their old brands. have switched to low tar and nicotine brands 5 or to substitutes like pipes or cigars. Pipes are sometimes viewed as incon- jvenient, and politician-size stogies as a bit Neither, in any case, are par- Hicuiarly appealing to the ladies. Litlle ci- however, offer a more attractive altcr- They come in packages of 20, just ilike eigarets; taste almost the same, and loften have filter tips.

Because no politician Jhas pounced tipon them as a source of 1'tax are relatively low priced, Biid, best of all, they carry no scary health 4 'iSave On Taxes-VUl Not A Cigar? warning on the of the package. Some do not.think this should neces- sarily be the case, including Pr. Erifest L. Wynder of the American Health Founda- tion, who contends a Ihe hazards of a tobacco producl depends on whether it is 'inhalable. He feels that many of the little cigars are inhalable and that a federal study group should be formed to redefine the differences between cigars and eigarets.

Such a group could define the lilt's cigars as eigarets, and up would gq the prices and on would go the healtli warnings. The tobacco industry maintains that little cigars arc cigars because they contain cigar tobacco-Instead of cigaret tobacco. Some independent studies have also sug- gested that cigar smoke is. less dangerous as a cancer cause because it is alkaline, unlike cigaret smoke wtiich 'is Bo'th however, contains lots -f Wcotuie, which also cause's problems. What will finally be decided we have no way of knowing, but if little cigars do catch on, we can see some interesting changes in the offing.

For starters, how about a husband complaining about his wife's cigars? Savings, Vacation Homes Interest i By SYLVIA PORTEE (In collaboration with the i Research Institute of America) You may well be among the hundreds -'of thousands of taxpayers owning a deferred interest deposit account-or certificates of issued for longer than a year. It you must report and pay tax on an Jallocable portion of your deferred interest j'on your 1071 income even Sthough yon have not actually collected any your interest. You will have to do this because at ithe end ot 1971, the Treasury adopted revis- issue discount" regulations were 'specifically broadened to blan- et in the different dcfencil interest ar- irarig'e'ments offered by financial institutions. The new regulations cover "certificates -of deposit" with or without a slated interest ''feature where the redemption price to be by the bank or savings institution maturity exceeds the amount paid by depositor for the certificate. They also "deferred income certificates" accounts with restrictions on the Bright to draw out interest that has been yearned.

And they include "bonus savings which giv you a bonus for no withdrawal ot principal or in- terest before maturity. For instance, say lhat on June 1, 1071, you paid $10,000 for a three-year certificate' deposit that will be redeemed for $11,941 on maturity. The original issue discount $1,014 ($11,941 redemption value over issue price). This comes to $53.02 month when divided by 36 months. Since owned the certificate for seven months 1971, yon must report $377.44 inlerest ym 71 rellll (seven times $53.92) though you won't collect your 'the end of 36 monlhs.

The financial institution issuing Ihe ac- or certificate is" required lo give an information return that will help report the proper amount as income your tax return so at least you have to calculate the of "or- i i a issue discount" by yourself. You have received this information slip by Jan. 31 but because of mcchanicai diffi- cullies in making the necessary computa- tions, the Treasury has pushed hack the deadline for delivering the information re- turns to you to March 15. So if own any of these accounts, you may have to delay completing your own tax- return until yon get lhat information mid-March. If you own two homes a permanent and a resort home you well followed the common practice of renting" out your resort home for some of the year when you were not-using it.

Last year, the Treasury issued proposed regulations that would drastically cut the tax benefit tins k'ind of rental has been offering yon. To illustrate, say you own a a house is usable only three months a year. You use it yoursolf one monlh and rent it out for $2,000 for the other two months. You pay interest of $1,200, real estale taxes $600, $900 in maintenance and utilities and have depreciation of Before this regulation change, you would have reported the $2,000 of re'nlal income and would have deducted $2,600 or 2-3 of the depreciation, maintenance, utilities, interest and taxes. This would have wiped out the income and left a $800 rental, loss that would generally not be deductible, because your rental would not be viewed as a transaction entered into for profit.

Also you could deduct the other 1-3 of the interest and taxes, or $600, as personal itemized deductions. But under the proposed change, you would first subtract Ihe entire amount of deductible interest and taxes totaling $1,800 from the $2,800 rental. This of rent from which you can now subtract depreciation, maintenance and the rest to bring your rent income down to zero. The result is you get no deduction for interest and taxes as against the $600 deduction in previous years. You have wiped out your rental income as you did under the old rule but you have completely lost the other $600 of personal itemized deductions.

The economic benefits of renting out your second home summer or winter remain untouched but the tax benefits are being significantly curtailed. Since taxes might he a factor in a decisions you make about a second homo, this report puts you on Ihe alert for what's ahead. TOMORROW: Filing extension (Copyright 1072 Field Enterprises, Inc.) William Buckley Jr. Capitulation In Pekiiig pfKINO In what one 'de- from'-the; presidential of voutly hopes the lasl loast nations, in Asia whose indepen. ever offered by a president of lhe.

dence he is prepared lo affirm United Stales to Chairman Mao while in China, and Premier Chou, Richard Premier Nixon said, giddily, "This was Ihe week that changed the For once he was not trafficking '2) We have lost 'Irretrievably any sense of moral mission in ie Mr. Nixon's appetite for a summit conference in PrJ. Inside Report Taiwan For Vietnam? By 'ROWLAND EVANS And ROBERT NOVAK' WASHINGTON e'f President Nixon returned from Chjna, one highly skilled' for- Hanoi retains bitter memories of the 1954 Geneva Conference when Prime Minister Chou per- suaded the late Ho Chi Minn to accept terms that denied eign ambassador here cabled his North Vietnam sovereignty over capital this interpretation of the South. Accordingly, the U. S.

concessions in Peking: the North Vietnamese -are suspi- Kissingef he' presented Illuminate areas of common in. himself Tor" questions after the lerest, inlo a pageant of moral communique was issued he togetherness at which Mr. Nixor, also understood il. Those who managed. Jo give (lie fmpression know Mr.

Kissinger and his work that he was consorting with are enliilcd to surmise lhat the Marian Anderson, Billy praharh whole China adventure sellles 'and Albert Schweitzer. Once he I -ilUfi'dK now in his mind as nightmare, decided to come here himself, Here is what the Chinese gave, was very nearly inevitable lhat vTOu. 'ft Tney con senled to traffic. should happen. Granted, if it with representatives of the gqv-' had been Theodore Roosevelt, the ernrnent of the United States even 'distinctions might prc- Ih'ough the 'United States still served.

But it is important to recognizes the government of remember about Mr. Nixon that Taiwan. 2) They performed rou- he is so much the moral enthu- 1 line rhetorical, exercises on the siast lhat he alchemizes the re- themo of world, peace, and na- quiremenls nf diplomacy inlo Iha tional thereby (iis-. 'coin of ethics. That.is why tie appointing a few Berkeley sopho- toasted the bloodiest incumbent 'mores'a lid African purists who chief slate in the world in believed lhat Maoism of us would reserve never equivocate on the primacy fob Florence Nightingale.

of its international revolutionary '3) "Mi's-Nixon has almost cer- mission. When New "adjusted American noli- Times', reporter asked Mr. 1 Kis- lies in such a way as lo compel singerj.whal has lhe United almosl lhe whole of, the Demo- States accomplished that wasn't critic Early to the position lhat accomplished by need to dump Taiwan. Pre- Kissinger, had been an aber- Chinese obeisance's to the good Senator George Mp- intcriiationats'ljfdi -He might as;" A few days ago, in the well have cited tfe Soviet Union's spirit of Peking, Fid- guarantees as -described in, its bright took it up. Now, in (ha communiciue niidwifcd by Rich- Here is ard Nixon, the Chjnese list the gave up: With, all independence of as Iha poised- one principal obstacle to the "normal- above the integrity' ization" of relations, between of the United Slates' commitment China and the las if oijr louay is Thursday, March 2, to Taiwani we issued a communi- normal relations with the Soviet 62nd day of 1972.

There quc which the Bed Chinese Union had done anything for the JU4 days left in the year, asserted and, reasserted peace and frecdom'-of the world), absolute right lo conquer And-Richard Nixon, by nis heroic aa S' 6:22 p.m. American presence on Taiwan clous of Peking's overtures 18 Sunrise tomorrow 7:07 a.m. while we uttered not one word on' actions of the past'week, clearly (Formosa) wilt continue until the Vietnam war is settled. In the absence of hard infor- mation on. what was-'said at the summit, that interpretation is widely held here.

But it im- plicitly carries with il the need years later. Besides, overt pres- sure by China would yield heavy propaganda assets to Moscow. In the face of these difficul- ties, however, Peking now has a major stake in its new rela- tionship with Washington. Mr. Moonrise tonight 9:25 p.m.

Last Quarter March 8 Prominent Star Spica follows lhe moon. Visible Planets in the west 8:39 p.m. Mars well above Venus. for China to intervene in Hanoi Nixon's visit has'opened the way Saturn well above 'Mars. the subject of defense- puts'normalization as the highest treaty, not.

one word on the ap- objective. The analytical dedub- plicability of our', principles -of (ion will, necessarily to self-government and -indepen- Democratic presidential candi- de'nce to the people of dales, the arguments will That staggering capitulation, have been made for them-by for all that Kissinger sought to" Richard Nixon. All'of Ibis might for a Vietnam compromise set- tlement no easy task con- sidering the militancy of the North Vietnamese government. Yet, in the view of experts here, nothing other than a secret Peking pledge to help settle Vietnam could balance Mr. Nixon's concessions, a i gone there hat in band.

"If-it's not Taiwan for Vietnam," one sUch exjert told us, "Mr. Nixon got a deal that can only be described as brutal." The Taiwan-for-Vietnam inter- mittently stopped for several tea. stems in large part from the President's extreme caution in not pledging auto- matic withdrawal of American forces from Kai-shek's Jupiter rises 3:47 a.m. to fundamental changes-in the world balance of power, in- cluding at least the prospect of a U. understand- ing in with the Soviet Union, China's No.

1 enemy. As a-lasl resort, Peking could seriously embarrass Hanoi sim- ply by cutting off Soviet arms- and-supply trains that must tra- verse China on the way to North Mexico. Vietnam. At the height of the H75, colonists in Provi- distract from it by citing Presi dent Nixon's world report which lake a few years to transact, in America. But in Asia, they will day'in-Wi On this date in 1836, Texas reaffirms our defense treaty with have received lhe Signal.

Taiwan, is the, salient dalum in They will have got it by the the week that changed the world, (jme those words are printed. Mr. All- of Asia will understand-that Kissinger spoke about the Peking whatever lhe Mandarin niceties summit "in terms of the direction of the President's world report, to which it seeks to point" and at he didn't dare risk of "the basic objective" of set- exas proclaimed independence from social breach in Peking and its ting "in motion a train of evenls i i a merely to reassure a an evolution in the policy.of people and the goyernmen eg rov- Soviet-Chinese border war of dence, R. publicly burned 300 Taiwan notwithstanding that 1969, supply trains were inter- pounds of British documents and announcing last sumnier that should certainly know, by now, our two. countries." That was brilliantly accomplished.

HVe he would come to China, Mr. the direction in which we cally injuring North Vielnam. No such heavy-handed "per- suasion" is regarded as even island bastion, an independent remotely Ijkely today. Rather, U.S. ally.

To the contrary, the Peking would employ, secret intentionally communi- que stated that the U.S. "will progressively reduce its forces months intended as rctalia- I 1776, American Marines Nixon guaranteed that he would headed. No wonder lhat they are fion against Moscow hut crili- fought their first battle cap- lze lhe nest Interests. toasting here; with increasing luring British fort in the Ba- hamas. In 1861, Dakota was organized a u.

S. terrila and military inslallations Taiwan as the tension in the area diminishes." The ''area" in question was withdrawal, begun months ago, specified. But when Henry A. Kissinger, Mr. Nixon's' for- ui- esiaoiisnca plomacy wilh Hanoi, publicly lit.

Rainier'-National 'Park in denying any departure from its "firm support of the seven-point In 1945, during "world" War proposal" of lhe Viet Cong. In isss, an now llle expulsion-of'Taivvan Art the health Richard Nixon. Washington Star Syndicate, 444 Taiwan from the United Nations, Madison Avenue, New York, N.Y. Since uttering lhose words', Mr. Nixon has 'seen the, expulsion of 10022." II, troops reached the' As for Taiwan, President Rhine.River at a point opposite Nixon will continue the slow.

Germany American fort bomber landed at- Fort Worth, after completing the first nonstop flight around of U.S. forces on the island, to support the, Vietnam war. Blown TI i Worth ''Tex after eigo policy alter ego, But the ultimate objective," the first nonstop flight around WASHINGTON One' of -the the security of the nation to was. covered by the word he communique words, to the world best-kept secrets of the Nixon talk about.the role of the State replied: "it is a dn rc "J' United Stales said was Department in foreign affairs. reference: to-the general area, i TM nuclear fists Pres.uient's to China "The people who" ievealed tha It 0 ehjme nts of he in! toe, atmosphere" in'iate Ap'ril week.

Tbe American people -existence of Mr. Rogers and llw nian Taiwan unless'the Soviets: agreed loan. lsc(ove red that there is a highly the agency he represents may mandXis not-affected by public TM 'treaty all of endless hours of secret to Chou, They can be irf'iwiT 0 '-V' tiatinns. it mpan, left on Taiwan, and almost cm-- 3 7 KolJart.F. Ken- a to any particular 1 'part of Asia." Ob- viously, it-includes If that is the real meaning tiations, it means that Prime Chou En-lai and the Communist government "arejnaw a urge Hanoi to lake'a more 'conciliatory pbsi- left on Taiwan, and almost cer- tainly will be, until a Vielnam settlement' is far closer than it is today.

Without Peking's help on Viet- nam, therefore, President Nixon nedy -proposed, a -suspension of Vietnam to. open thei: to talks. In 1971,. a U.S. agricultural' now tne existence of can block any'change'on Tai- sPf 'a'ist, Dr.

Claude Fly, was nis oun qw-cover agency re- mi i T. yeaied, when President Nixon went to China, he was seel that there is a confidential' organization advis- were reporting ing the President on news; 'Tiyt in 'effect they are fairs which the State only giving aid and comfort, to Department. The head of this the enemy "Does revelation ofPrSnlNkoA SUU Deparlmeht mean that This is how the exist Henrv Kissinger is not running this undercover asencv WM re- if tte TM of the United Stales?" "It means no such All on foreign affairs ara 'use military force to recover agreed to a communique that Today's birthdays: Television Taiwan, those assurances mean mentl '9 ns Communist world rev- producer Desi Arnaz is that the U.S. presumably can olution pledges eventual Former star Jennife retain- its leverage over Tai- abandonment off the Jones is 53. to the company of a sandy-hair- ed who rarely left the President's side Most reporters on -the trip assumed he Was sti11 malle by 18 'Department ot Kis singer' or, as we call ll here lhe The Stats Secret Service man and paid Department, and I'm not con- firming there is one, mind you, no attention to him.

has ended in short, until there many people here hope Three more Democrats' an- But then the President went sort a )a ckup organization provides the President ion he might YEARS AGO TODAY to visit Mao Tse-tung, Htld tnp i i the fi spap is a political settlement of Viet- nam. That leaves the very large question of whether and how Peking could influence Hanoi to soften its settlement an- nounced for political offices in ttat tne sandy-haired Tnan fr hl XCopyright 1972 Field Enter- Beadle County: Claude R. Mars- JjJ. "Company Mr. Nixon.

ed out the theory that sources." demands. THE DAILY January 4. lags CONTINUING THE DAILY irURONlTE MRS. ROBERT D. T.USK.

Publisher L. J. MAlfER. Publisher .1 POPOVICn. Treasure ROGER KAS.4 DARRELL WALKER 1 Managlnj Efldor AdverUsioj Manajer DAVID 1IARLES D.

A. HOlXEHBACH Associate Editor Circulation Manager Thursday. March B7 class poeuire paid al He-- South DakQU. djy (Ko Newsday For, a year, cigarette adver- tisinf has been banned from radio and television by order of Congress. The restriction fol- lowed a report from U.S.

surgeon general finding a link between cigarette smoking and lung cancer. But' now the to- bacco industry-has 'returned to hls ls tr all the Thls out the theory that about the organization? the ysteTMus Person was' a Why hasn the counlry heard nation for South DakoU House Secret rvic the Slate be- ol Representatives- il Emmett When about And; why -has -the identity ton, candidate in the June 5 primary for Democratic nomi- tssafci including Sun- THE HURON 45 Third St, S. By Mail Ye: nak Olfer Zones J22.M 111.50 J6.M Member Aodll Bureau o( Circulation lil William Hpgers, as, head of kept a secret?" Th 0 President, believes that lllam ers and he held the tncre ar certain agencies that lUe "cretary of and he had something to do with Welsh, seeking fourth' term as pErson was do on commissioner; Kobert trip Kon Ziegler reluctantly ad- Haeder, candidate for slate's at- that the man's name was foreign affairs, though 'Zieglcr is 1 Wrestling Tournament It just looks, smells Watertown 3.Ho ijif. and tastes like one. Isn't it time an operate bellcr if they are not publicized.

If people knew what Mr. Rogers did, he would refused to go into it any further, nn have freedom of move- Meanwhile, back in Washing- "lent lhat he has now. He can ton, reporters were trying to anywhere in the world with- out more about the Stale TMl oeing recogniicd. The Presi- Departmcnt and where it fjtled inlo the diplomatic picture. missions would he impossible for Press Leued Beprcseated Nallonallv by Jana KeJlty, Inc.

3f Madison New York for tha surgeon general to ad- vise us on the health effects The White House seemed very sonieone as well known as Hen- disturbed about (he leak, and Kissinger to lake. The State E(J 8ar Hoover. has been or- Department, because of its of little cigar smqkingj Someone forehand John Selder, English has to clear the air. jurist and statesman, 1584-1654. dered to find out who Mr Never tell your resolution be- Rogers' cover.

anonymity, has 'bccn able to perform a great service lo lhe nation," the small society by Brickman IT- GCff, A While House spokesman told me, "It does no good for Do believe Ihe gamble a i Rogers to Peking was worth all the trouble that the State Department is now in?" "That's Monday i qiiarterbacking. From the be- ginning we were aware wa a calculated risk to allow Rogers to be. seen in such close proximity to (lie President. But at the time lhe decision was made, we had no idea lhat the President would meet Mao Tsc-tung, and Rogers wouldn't." "Will the Slate Department be dismantled now tnat i(s rola in the open?" "That decision is up to Dr. Kissinger." Copyright 1072 Los Angelet Times 3-2.

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About The Daily Plainsman Archive

Pages Available:
108,504
Years Available:
1886-1973