The Courier News from Blytheville, Arkansas on May 29, 1950 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

Blytheville, Arkansas
Issue Date:
Monday, May 29, 1950
Page 2
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?AGE TWO , (ARK.) COOTIER NEWS MONDAY, MAT », Long-Range Tax Cuts Asked Brookings Seeks ' Plan to Produce Healthy Industry WASHINGTON, May 20 — (£•)— The Brookings Institution has called for a long-range tax-cultttig pro- pram for corporations and persons with high incomes, BS a path toward healthier Industries and lower prices. But the privately endowed re- sharp cut in sales of excise tnxrs. search organization opposed any Proposals to reduce such levies are "untenable," It said, because these taxes have little adverse effect on business and the government needs the revenue they provide. In a report prepared by economist Lewis H. Kimmel, th<? institution suggested a moderate cut in, taxes immediately, with sharper cuts later BS government finances improve. Steps Called For 'The report, issued yesterday, caUed for these steps as a spur to business investment: 1. Easing Immediately the double lax dividends by earmarking 38 per cent corporation, tax as a perhaps 17 per cent of the present tax on dividends. Stockholders would not have to pay any additional tax on this income. 2. Trimming the remaining 21 per cent corporation tax as rapidly as government finances permit- possibly to 10 percent. Cut In Income Tax 3. Making an Immediate cut Jn the present top-bracket personal income tax of 82 per cent, as well as other high-level individual Income taxes. The lop personal tax now, the study said, should be 60 per cent; eventually It should be no higher than 50 percent because when taxes "take more than half of Income there is often a strong psychological reaction." Kimmel'* report was based on a questlonaire submitted to a number of the nation's business firms. Of the 209 companies which an- Wish Want Look at Proposed Coal-Steel Pool for Europeans . *ff" V :"--'!V*vi 1 •m, Til K O \\ O O.M WO It K S PI, I NTS—Salva tore R, Cliilone. Jr., of Hartford, Conn., fell nnci broke his leg four dnys before he was to be wed, but he didn't let that interfere with his plans. He is seen In the hospital with his bride, Anna Beltane, 19, as the Rev. Joseph A. Otto reads the marriage service. Boy Puts Tongue In Light Socket; Is-Electrocuted PHILADELPHIA, May 29-WV-A Ihrec-year-old boy put, his tongue into an eJectric light socket and severed a question dealing with the effect, of coriwrntion taxes on price.* about 60 per cent said their pricing policy was influenced by such levies, Asked whether these taxes had restrained plans for capital expansion, 55 T i per cent answered ye.s. was electrocuted last night, detective Anthony Galen reported. The child. Francis Rllch. wn., found In the cellar of his home with his tongue in the outlet of a plugged-in extension cord. Tlie detective said the child had been playing on a damp, earthen cellar floor while hts father screwed into the extensoln cord's socket, the other end of the cord plugged into a cellar outlet. Hitch removed the drill frnm iU connection to go HIM lairs for .supplies. When he returned he fovmri his son lying on the floor with cord leading to hLs mouth. WADE'S WEEKIY SPECIAL ALL METAL CARPET SWEEPER COMPLETE WITH HANDLE! FULL SIZE, ALL STEEL CASE — STEEL BEARING WHEELS — REGULAR LENGTH HARDWOOD HANDLE — SOLID RUBBER BUMPER ALL AROUND — GENUINE CHINA BRISTLE BRUSH — SWING-APAN DUST PAN CONTROL. THIS WEEK ONLY LONDON. May 29. (A>>— Biilaln ants to take a long, hard look at ie Schuman plan /or pooling West jro|«'s coal and steel Industries xlore committing herself to formal pprov»l ol the far-reaching pro- ct. Inform? 1 ' sources said today Brlt- n tins rejected a Pieiicli request, lat the labor government go on •cord now as favoring the In- ustrlal pool In principle and ex- mine the details later. 'J"he j sources emphasized that rllaln's refusal does nut neces- ry men she disapproves of the an, which already has been hailed West German leaders as a great ep toward European unity. But Britain first wants to ex- mine the proposal in detail to see hat sacrifices might be demanded her If she joined British coal nd steel output with that of ranee. Germany and other Eu- ipean countries. French Foreign Minister Robert chliman. who proposed the Indus- trial pool early this month, has suggested that talks on the project lie started In June by Prance, Brit- flfti, West Germany, Italy, Belgium, Holland add Luxembourg. Pending these discussions, the French asked that the countries go on record as favoring the project In jirlncJple. Britain has urged France and Germany to get the ball rolling with negotiations on pooling coal and fit eel output. But informed .sources here said Britain flatly turned down the French request for formal approval in principle now. The sources said Britain already has expressed approvR] of the Idea of Franco-German Industrial union snd of widening the plan to include other countries of Western Europe. The first radio network, NBC, was opened In November, 1926, followed in September the next year by CBS. Gen. Brofard Diet At Paris Horn* PARIS, May 29. I/Pi— General An- fonin Brocard, 04, a French aviation officer in the first World War, died lust night In his Paris home. He had been 111 for several months. Gen Brocard at one time commanded a group of air squadrons which included the Bscadrllle L-a- Fayette, composed of American volunteers flyers who took up the Allied cause before America's entry Into the first World War. IN THE CIIAN'CKRY COUBT FOR THE CIHCKASAWBA DISTRICT OP MISSISSIPPI COUNTY, ARKANSAS W. C. GATES, et al,, Pltfs. Vs EMMA WBTSEL CROUCH, Et al., Dfts. WARNING ORDER Defendants Lillian Welse], Louclla Walsh Durrer, Mrs. Homer Koonti Martha Adams Faulkner, Mr?. Maude Shobe Haycraft, Henry Bell and Sue Bell. Herbert Bell and Louise C. Bell, Harold Bell and Imogene Boll, Ralph Rogers and Knth- er!n« Rogers, Lawrence Rogers And Vlrgle Rogers, Mrs. Ver» Bell, Earl Bell and Grace Bell and Mrs. Laura Bell Rennnig are warned to appear in the Chancery 'Court for the Chlckasawba. District of Mississippi County, Arkansas within thirty (30) days to answer complaint of plaintiffs W. C. Gates, Mildred Mitch- Some Causes of Chronic Aliments Free Book—Explains Dangers Of Related Ailments RECTHLwCOLONICl AILiENTS Learn the serious nature of Piles, Fistula, Colon, stomach and associated disorders. Write today /or a FREE copy of a 40-page Illustrated book. .Thornton & Minor Clinic. Suite 1172, 911 E. 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