The Mason City Globe-Gazette from Mason City, Iowa on February 24, 1954 · Page 12
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The Mason City Globe-Gazette from Mason City, Iowa · Page 12

Mason City, Iowa
Issue Date:
Wednesday, February 24, 1954
Page 12
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Page 12 article text (OCR)

Tax Question Awaits Action by Congress By SAM DAWSON NEW YORK WV-Until Congress takes final action on taxes, a lot of business plans will likely he Kept in mothballs. And some consumers may be waiting, too, to see If Congress is going to m a k e . a lot of goods cheaper to buy. Tax stories out o£ Washington indicate that a long wrangle on the floors of the two chambers over lax aid to industry must be building up to keep business on the anxious seal. The bolstering which lax changes are supposed lo offer manufacturing and retail t r a d e , and thus brake the recession, could be delayed if. Congress gels snarled in debates while the economy continues to slide. M a n y businessmen, while hoping for the best, arc taking a wail and sec stand on part of their plans for expansion, dividends, possible 'mergers and foreign investments. Tax Decision* Some lax decisions m u s I be made within seven weeks or automatic lax drops will go inlo effect on many consumer goods, and on corporate income tax rales. If Congress should... later rcslore Ihese taxes, in full or in part, confusion would be confounded. Merchants complain that already some shoppers arc holding off their buying, saying Ihey will wait to sec what's going to be done about excise taxes on autos, furs, and a long list of,goods classed as luxuries. Dealers will wait, loo, in their! Upward March of Utilities Counting on Homeowners RAINS DRENCH LOS ANGKLES-Scenes like this wci-e commonplace in rain-drenched Los Angeles after a heavy storm inundated parts of the city forcing 300 persons to evacuate their homes. Hundreds of cars were stalled in water clogged streets and some areas of the city were completely cut off for several hours when roads became swirling rivers with as much as seven feet of rain water. -»"iu» t nveit, ordering lo see what Congress does about excise tax rates, m a n y of which are now scheduled lo drop April l. And manufacturers may hold up production targets until Ihey know how high the taxes will remain, and therefore which direction sales may lake. SWITCHES STATES NEW M1LFOHD, Conn. MV-Wil iiam II. Percy, railroad station agent here for 52 years, was born in N e w ' M i l f o r d , Pcnn., 88 years ago. He died in New Milford, Conn. The island of Saint Martin in the Wesl Indies is divided belwcen France and the Netherlands but the people speak English. HOW TRUE! BOSTON ( U P ) -- The Patriot, published by the Boys' Clubs of Boston says: "The only thing that goes as far today as it did 10 years 'ago is the dime lhal rolls under the bed." made-to-order face powder by $ 2 : and $ 3 plus 20% tax THERE IS ONLY ONE YOU . . . there is only one powder for you . . . to match your skinfone . ., to add the tints it may need, to do the most for your beauty. In a few momenls, an expert will create'your ,'MADErTO-ORDER FACE POWDER, right before your eyes. Choose yours todayl COSMETICS, FIRST FLOOR it's fun lo wear . . . it's different the s h i rt-ta i I dress 5.95 The teenager's delight . . . the comfortable, wearable shirt-tail dress. Ours is new with no sleeves at all and sparked with a stone- set pin and white silk scarf. Finely tailored in cotton broadcloth shirting . . . siUched with white for contrast. Red or navy. 7 lo 15. ; , HEADY TO WEAR, FIRST FLOOR EAST IMJMI. ORDERS WELCOMD Veterans Guide-Allowance Checks for Korean GIs By MAJ. THOMAS M. NIAL A. P. Newi F»«tur*» From a practical standpoint, one of the most important aspects of the Korean GI Bill is how and when you veterans taking training get your allowance check. Right from the time you file your application for training you should clearly understand afl the arrangements. For example, don't count on [citing your check the first month you're in school. It'll take at least I two or three months before you get jyour first check. It takes that long for all the school and Veterans Administration paperwork to clear the way for the payment. One of the reasons is that at the end of .each month of training you must file a certificate with the VA, isigned by you and the authorities jof your school, to show that you [were actually going to school during that period. Even after you get your first check, getting the rest of your checks at a set time of the month will depend on how punctual you are in filing your training certificate with the VA. If you actually file the certificate at the end of each month, you can depend on getting the allowance check within about 20 days. If you don't, your check is going to be late. Financial Problems Obviously if your check is late, or smaller than it should be, many of you vets counting on every penny of it are faced with financial problems. The VA has every desire to keep such problems from cropping up, but it can by no means control such things as your failure to file a certificate on time or to keep it informed of your correct address. Recently the VA added a new wrinkle to the allowance payment in keeping with its desire to see that j'ou get your check as soon as possible. From now on the VA will allow you to file your monthly certificate of training on your last day of school, M-hen you're headed into spring, summer v or winter vacations. Previously you could only file the certificate at the end of the month even though you might actually have headed home for a vacation two weeks earlier. In lots of cases, this has meant that vets would have to wait-until they returned to school at th'e end of their vacation-to file their training certificate.' By signing your certificate before you leave you're assured of getting the check shortly after you leave school. However; be sure that you notify the VA that you want the check sent to you at your home address rather than your school address. Can't Be Forwarded Postal laws won't allow the U. S. Postoffice Department to forward these checks. For ordinary mail all you have to do is make sure your postoffice has -your new address, but not so with allowance checks. When you don't inform the VA directly that you've moved, the check is returned to the Treasury Department, which actually mails the checks to you. Treasury notifies the VA. The VA does its best to trace down your new address, but in the meantime you're waiting to buy groceries and pay th'rent. To notify the VA that you have a new address you may either write a letter or send a "change of address" form you can pick up at any VA office. The first Young Men's Hebrew Association, forerunner of the modern Jewish Community Center, was organized in · Baltimore, Md., in 1854. Other communities followed suit a n d established YMHAs soon after--Augusta, Ga., in 1857; New York City, 1858; Cleveland, 0., 1859; Syracuse, N. Y., 1861 and Louisville, Ky. ' By SAM DAWSON NEW YORK Oft--The first joggle in the upward march of the utilities is being recorded on the seismographs In the industrial centers. But the electric and gas peddlers count on the homeowner to nip more light switches and turn on more gas jets than ever this year -- enough more to overcome any slowdown in industrial power, light and heat usage. The stock market apparently concurs:-Utility slock prices have risen moderately this year. This industry's plans to expand still further in 1954 are untouched so far, at least publicly, by recession talk. Profits Good as '53 Industry spokesmen contend that profits in 1954 should be as good as jn 1953, when an outsize majority of companies registered gains, with an average increase of 14 per cent. But the spokesmen are counting on more rate increases to make this forecast work out. The few gas and electric companies to report a drop in earnings in 1953 say this trend should be corrected as soon as public authorities get around to allowing rale increases -- which, the companies c o m p l a i n , lag behind the rise in ipcrating and distributing costs., Utiiity customers, of course, may feel t h a t rates are high enough now to cover costs ami reasonable! profits and return on investments,! and still leave enough for needed expansion of facilities. The central industrial region, perhaps significantly, is the only one in the United States where power usage is falling behind that of a year ago. This reason extends from Pittsburgh westward through Ohio, into Indiana and lower Michigan. It is a region;of much publicized layoffs, production cutbacks and rise in jobless totals. Outruns Year Ago Elsewhere, the Edison Electric Institute reports, power output still outruns the year ago figures, even if the spread is smaller now than a few weeks ago. This goes along with the prediction of the institute's president, Walter II. Sammis, head of Ohio Edison Co., that the one setback the industry fears is in factory usage. He points out that utility company sales of residential cur- rent now makes up 42 per cent of their revenues on average. With new household appliances coming out, and being sold even though at a reduced rate, he feels that residential revenues will rise and offset any industrial drop. Youth Receives Another Chance CHARLES CITY -- Ray Phares, 18, Charles City youth whose parole had been revoked Feb. 9, was given another chance Tuesday. Judge T. A. Beardmore paroled the youth to his uncle, James W. Phares, until further order of the court. The youth promised the court that he would co-operate fully with the conditions of his parole. The young man had been recommitted to the Floyd County jail Feb. 9 after his parole to Deputy Sheriff A. B. Coon was revoked, Phares had been charged with larceny in the night-time, taking gasoline from the Barney Marrs farm five miles southeast of Charles City last October, and he later was sentenced to one year in jail. Ftb. 24, '1954 Maion Clly GIob«.G»«U«, M»I«H City, DOG'S LIFE ROCHESTER, N.Y. (UP)--Dogs never had it so good, if the growth of the canned dog food business is any inclicat'ion. Walter D. Phetc- placc Jr., manager of food and general machine s a l e s for the Pflauder Co. says his company's big seller today is a machine that can fill and deliver by conveyor as many as 400 cans per minute of the tough-to-hondle canine chow. ARMSTRONG'S LINOLEUM and TILE BAILEY'S FLOOR COVERINGS The Placa To Go For the Namts You Know 71 2nd N. E. Phon* 393 on th e eve if wPi|,, : s springs' tiny brims to accent your spring fashions 10.95 V#'M W* call them "brimlets" . . . the finest sewn straws with delicate trim that's sure to flatter. In pillboxes, pert sailors and soft profiles. Tiny brims "on the level" are sure to complement your spring costumes. 1. White braid straw with a halo of spring flo'wers. 2. Black braid straw with quill and dramatic rose trim. See our complete n Qr l r Qr collection priced from I . J J to Ij.yjj MILLINERY, FIRST FLOOR Iowa's Largest Home Furnishers DAVIDSONS 19-21 1st S. E. Mason City ENDS SATURDAY ITS TOO LATE TO WAIT... SHOP NOW JUST 3 DAYS LEFT TO TAKE ADVANTAGE OF THE TREMENDOUS VALUES OFFERED FOUR FLOORS CRAMMED WITH BARGAINS . . . Highest grade Home Furnishings in the newest styles and newest fabrics. These are values that can't be beat . . . but don't wait . . . don't delay . . . there are only 3 days left* of this once-a- year event. BRAND NAMES YOU'LL RECOGNIZE FOR QUALITY . .". LOWEST PRICES IN YEARS BUY WITH CONFIDENCE!! Buy Now .-'. i While Savings Are Available . . . Buy Now, ' YOUR Free Delivery in Ibwa or Southern Minnesota

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