The Courier News from Blytheville, Arkansas on December 15, 1955 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

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Blytheville, Arkansas
Issue Date:
Thursday, December 15, 1955
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Page 2
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TWO (AMCJ COUKTE* THURSDAY, DECEMBER 18, 19SS Ford Foundation Backin News With Its WhoppingGiveaway By SAM DAWSON NFW YORK (AP) — Foundations are crowding the news columns these days — with both controversial and noncontroverrial deeds. And there's a growing tendency in Washington - both in Congress and in the Treasury Department - to take a close look at these tax-free funds. Thp nation'i largest — the Fordj activities of one of its benefici- " Rlic Tnp nation B la 1 ReSt *~ Uic ,rmu|i»vi»T*i..*." «•• ~..~ — —.. Founda"!on - has made news of aries, Ihe Fund for the Republic a noncontroversiM naiure twice of j which are attacked from several ^r^ 8 e=^^ri;tS! q ^r th e^rd F ou,,at,on irh e ST«he"^ IrT'on uSr"opera Sis Ms Is the largest single aci, nation's largest tax-free fund, a tlons. . . .. ,. .... ,,«/-oH has InLS nf comuanv. If VOU count i how they raise funds or how they spend them, and Washington feels that many of these would give up their tax-free status rather than of philanthropy ever announced. The foundation will take in ... almost equal sum o! money next month when it offers to the public Ford Motor stock, for the first time. . ,. The stock offer, however, isn t to pay for this week's big- give- , company lf you courll j in churches, farm cooperatives and the like there are more than 100.000 tax-free groups in the country. Tax Exempt Some 32,000 of these are in the category of foundation, fund Big TVA Plant In Operation KNO.XVILLE. Tenn. W—Tennes- Tofcyo ROM TOKYO (yp) — The population at Tokyo, third largest city in the world, was «,083,521 in lfl», the metropolitan government announced. The figure la »n Increase of 1.156,031 over the last census, in 1960. foffewt Dog in Deotfc UTICA, N. Y. I* — A 71-year-old man suffered a fatal heart attack after finding his dog killed by an automobile. The cocker spaniel had been his companion for seven years. Charles r. Nolan, Sr.. of marby Marcy found the dead doc In lh« road near his home Monday night. He picked it up, ran homr and collapsed after calling to hli wife. Me died a short time later. Read Courier News Classified Adi. rcuru ikJUIVFR^ABY STAMP —This new Italian stamp [frk™ e*™' anniversary !f .ta^s food and Agricultural Or- aamzaUon At right is the organization's modern Rome headquarters, fronting a dim outline of ancient walls. At. left is a statu* of Feronia, ancient Roman goddess of freedom, worshipped by Italy's ancient farmers. Sixty-lire sump is light brown. to pay for this week's big give- category of foundation, fund or: se e Valley Authority repor awav The foundation makes its I association — exempted from tax-| terday that its "world's donations out of earnings from ation on the general ground, that steam generating plant" h on capital not from the capital itself. The money the foundation eets e from the sale of part of its Ford stock will be invested in other ways and the yield from such investments will go into future donations. $1.5 to S2 Billion The Ford Foundation's holdings see Valley Authority reported yes; "world's largest ciuuu un tuc sciicmi fcjvunu, Li.m i,Leciiu generating plant" has gone they serve 8 public rather than a {into full operation, private purpose. And about 7,000| The steam plant at nearby of these are foundations set up byi Kingston now is making full use of wealthy men or corporations to all nine of its generating units, in- handle their philanthropies. creasing the installed capacity of Most of these are conceded to the TVA power system to 9,024,985 serve a public purpose. But somei klowaus. congressmen have been charging! that .some foundations or funds are presently estimated to have a (meddle too much in politics to de- market value of between Hi and 2 j serve a tax-free status, billion dollars. Prior to this week's) Congress is expected to be asked whopping gift total, the fund had handed out 350 million dollars since for a law which would open to public inspection the applications its founding in 1936 by gifts of stock tor tax_exempUon filed by founda- in the motor company by Henry " ~~ Ford. I. Sound HELENA. Mont. (,Pj—In the municipal bandstand shell, which is like a teacup on its side, someone— at midnight—set off a charge of dynamite. In the wake of the sound S&E SUPER MARKET Highway 61 North • Modern Self Service Facilities • Choice Meats • Finest Produce • Quality Groceries • Froien Foods Enjoy Modern, Self-Service Shopping with no parking problem at any time. Shop S&E for Quality. . wave, darkened homes were, lit up , by awakened citizens. Hundreds called police, who were mystified as the callers. One said: "It about . solely serving the public interes wouldn't mind — many of them news just now in a controversial But some groups don't disclose matter, concerning some of the NOW BIG TRIPLE DRESNER & CABINET HEADBOARD BED 4 Drawer Chest - 29.95 Night Table Farmers Terms DOWN Here't the most beautiful suite we've seen in many seasons, and it's just at smart from a utility standpoint as it is handsome. Mr. and Mrs. Dresser is almost three times as roomy as an ordinary dresser. Large 30 x 40 inch mirrvr... all pieces with pedestal base. All quality construction usually found •nly m kifK prica suite*. ••sv I JIMMIE EDWARDS FURNITURE CO Rh22487 Today's a wonderful time to discover why. r »t» sleeping on a Sea&f is like sleeping on a cloud" Box Spring C to Match * 59 50 i ;u§t nothing Ii!:e thif Scaly Natural Rest c there can't be! The exclusive Setly Dura- life Unit the exert ikill required to make t smooth rop mtttrcss the decor»tor-desjuried ticking! iKe>e tee t combination unrivalled fot ' really luxun'ouf sleeping comfort! No burdensome bumps, no sleep-stealinR tuftj yet really firm •nd resilient the Se«ly Natural R«t is ihe b«t way we know to prove . "ileeping on • ,*«lf 0 like sleeping on * cloud." Sealy Goodhousekeeper ........ . 49 50 Sealy Rest ____ ................. 39.50 Sealy Dreamer ................. 69.50 i $5 DOWN Jimmie Edwards Furniture Co. 301 I. Main ' Phone 2-2417

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