Wellsville Daily Reporter from Wellsville, New York on November 6, 1972 · Page 8
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Wellsville Daily Reporter from Wellsville, New York · Page 8

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Wellsville, New York
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Monday, November 6, 1972
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Page 8 WELLSVILLE DAILY REPORTER, WELLSVILLE, NEW YORK Political donations avoiding gift taxes Monday, November 6, 1972 Legal Notice Legal Notice Legal Notice By ED DOOLEY WASHINGTON (UPI) —Donors of large political contributions to both presidential candidates are avoiding hun- The tax paid on a large non-profit entity and thus pays contribution can be enormous, no capital gains tax when the In 1968, Mrs. John D. Rockefel- stock is sold at market value. &£ g N-S"ffi£i£: »- -•»« a— — who was seeking the GOP various Nixon committees Range 1 of the Morris Reserve and according to the Holland Land Company's Survey of said Town of Willing. Being lands formerly owned by William Moynihan, which I shall put up for sale at public auction as the law directs at the Allegany County Clerk's Office, Belmont, New York, on the 21st day of November, 1972, at ten o'clock in been completed and filed in the These revised leaves change the office of the Town Clerk, at her terms of the Company's main residence, where it is available for inspection by any interested person at all reasonable hours. Further Notice is Hereby Given that the Town Board of the Town dreds of thousands of dollars in """.,""" •"•*••-"6 "«= vrw "with hieh-soundine names but ' "'"' " l "=" ' presidential nomination, and J™^f *™£f S to the forenoon of that day. P, a . ld l^ al *' ft tax ° f m ° r * jSe a SSSJinfSchS DATED L September 19,1972 gift taxes by spreading their » donations among numerous political committees. A House Banking Committee staff report released this week said in one case a donor to the Nixon campaign avoided almost $250,000 in taxes on a contribution of nearly $1 million. In tracing money given to Nixon committees, the report said contributions were channeled "through a maze of 'paper' committees apparently established for the sole purpose of providing donors a means of avoiding gift taxes." McGovern fund raisers also are taking advantage of the loophole. A Chicago psychologist, for example, gave $99,000 in $1,000 checks to 97 committees and $2,000 to a 98th committee. Under current Internal Revenue Service rulings, a person can give up to $3,000 to a single unit without paying gift taxes, which increase from 2 per cent on $5,000 to 24.4 per cent on $1 million. Labor rejects Heath controls LONDON (UPI) -Labor leaders rejected Prime Minister Edward Heath's proposals Thursday for voluntary restraints on wages and prices, a move intended to combat soaring inflation. Politica* sources said Heath may impose a pay-price fresae shortly. Heath caHed a cabinet meeting today to decide whether to impose statutory restraints and political sources said he woafd probably announce mandatory curbs Monday. Foreign exchange dealers called Thursday for an immediate mandatory freeze on prices and iaeemes in enter to stave off another run on the pound following the breakdown of the government's talks with labor and industry leaders on voluntary curbs. Heath emerged frem a seven- hour session with the two sides at his 10 Downing Street residence and 1 told newsmen the Trades Union Congress (TUC) rejected his proposals for . voluntary restraints. < "I am sorry to have to tell !you that after I had pat to •everyone these proposals, and • they had been considered by ;the CBI (Confederation of •British Industries) and the '.TUC, the TUC said it did not j consider they were a basis for •negotiations," Heath said. He declined to say whether !the government would impose ; statutory restraints but he said >he would inform parliament ! Monday what steps were [decided at today's cabinet • meeting. "The government fully accepts its responsibilities and the •cabinet will decide the action to ,be taken," Heath said. Susquehanna class resumes : BINGHAMTON.N.Y. (UPI)— For the first time in nearly a .month, classes in the Susquehanna Valley Central School '• District of Broofne County were ; normal today, marking the first ;full day of a return to work by teachers who had been on strike. The teachers actually return, ed to work Thursday but substitutes manned the morning sessions while the returning teachers conferred with administrators before taking over classroom duties in the afternoon. The teachers' union, in a settlement reached Wednesday night, won a 6.7 per cent salary increase this y«*r under a two- year pact with the district school board. The contract also provides for elimination of a "salary index" next year, with $137,000 of additional money to be divided among the teachers. It further was agreed there would be "no reprisals, such as dismissal, against teachers involved in the sfrike, although they still were eligible for penalties under the state's Taylor Law. The law tors strikes by public employes. Another key issue in the con. tract dispute was class size, and the union negotiators came .away from the bargaining table with a clause provWing for lower studeiit-to'teaclier ratios in 'the second year of the contract. The strike began Oct. 8, affecting 3,400 pupils in the sub: urban district's five schools. The end came on the first day of a i student boycott of classes that had been urged by a parents' • group. '. On Wednesday, 350 students iwere absent, while the nvrraal • figure runs about 200, scheel of- ificials said. than $850,000. In addition to avoiding gift msm ' taxes, the Banking Committee In view of the magnitude of report said the committees are contributions to the Finance also used to prevent collection Committee to Re-elect the of capital gain taxes on President, the report said, "it securities. is obvious that the federal For example, a donor gives government has lost thousands the face value of stock which and thousands of dollars in may have increased in value taxes because of this dispersal since its purchase. However, among these varied com- the recipient committee is a mittees." North's troops leave South WASHINGTON (UPI) -Administration officials said today some regular North Vietnamese troops appear to have been withdrawn from South Vietnam into their own country during the past weeks. They cited this as evidence that a peace formula worked out with Hanoi by presidential adviser Henry A. Kissinger was still on the track although the signing of a formal peace agreement still was some distance down the road. Intelligence reports from the area indicate, U.S. officials said, that at least two regiments of North Vietnamese troops have pulled out of the northern part of South Vietnam across the Demilitarized Zone (DMZ) and there was some evidence that others might be preparing to leave. Such a withdrawal would be the beginning of Hanoi's fulfillment of an unwritten "understanding" Kissinger received from Hanoi negotiator Poetic justice BEDFORD, England (UPI)Motorist Jack Birbeck appealed in rhyme for the court to absolve him of his crime. But the court rejected his poetic plea Thursday and fined him $4.80 for a parking offense, replying with a poem of its own. When Birbeck, a butcher, appeared in court he handed the magistrate this plea: "M'Lord, 'tis my unfortunate lot, "To have parked my car where I should not, "So here I am on bended knee, "Beseeching you to hear my plea. "If I swear that this is the last time "I'll park by a no-waiting sign. "Will you forgive this dread- Le Due Tho in their secret Paris talks that approximately 35,000 North Vietnamese regulars just south of the DMZ would be withdrawn before the 9-point peace agreement publicized by Hanoi last week was signed. U.S. officials estimate there are about 145,000 regular North Vietnamese in South Vietnam. However, Hanoi has never acknowledged that it had any forces there, contending the whole war was a conflict among southerners. Thus it could not be expected to officially pledge the withdrawal of forces which it has never admitted are there. As for reports of considerable North Vietnamese infiltration in South Vietnam from Laos and Cambodia, military and intelligence experts here said such reports were highly exaggerated. They said North Vietnam appeared to have been concentrating additional troops in the southern panhandle of Laos but have not made any major effort to move them across the border and grab more South Vietnamese territory before a cease-fire is signed. Actually, in the view of diplomats here, both sides were jockeying to secure the best possible position in preparation for a cease-fire, which under the agreement is supposed to "freeze" all forces where they stand and halt all military shipments into South Vietnam from either Washington or Hanoi. While North Vietnam appeared to be bolstering its position in southern Laos in the event that cease-fire arrangements fail, the United States was shipping considerable more war material into Saigon to give President Nguyen Van Thieu the optimum chance for survival when he has to deal with the Viet Cong on a political settlement. Legal Notice ful crime?" After the court adjourned to STATE OF NEW YORK S?i' a h rf H « H.U ?, rd COUNTY COURT: ALLEGANY Harding handed Birbeck this COUNTY re "Th f h A -A A WILLIAM J. LOVELESS The court has decided on your fine, "Two pounds to be paid in 14 days, time. "The Bench has listened to your poem, "You're in the red and now us you're owin' "If you park where no- parking signs are clearly placed "The consequences must be clearly faced. "The next time you are in Gravel Lane, "Please don't commit this 'crime' again." Drive stopped by ferret bites EVERSHAM, England (UPI) —Nick Roberts plopped four ferrets into his pants Sunday and set off on a 12-mile walk to raise money for charity. He quit after covering only two miles. Extracting the sharp-toothed animals from his pants, he said: "The blood from bites Fancy Tract Road Machias, New York Plaintiff & Judgment Creditor -vs- MARGARET MOYNIHAN Wellsville, New York Defendant & Judgment Debtor NOTICE OF SALE OF REAL PROPERTY INDEX NO. 6023 SHERIFF'S SALE By virtue of an execution issued out of the County Court. County of Allegany, against the real and personal property of MARGARET MOYNIHAN, or the debts owed to her, I, the Sheriff of the County of Allegany have levied upon all the right, title and interest of the judgment debtor, MARGARET MOYNIHAN, in and to the real property situated in the County of Allegany, State of New York, bounded and described as follows, to wit: ALL THAT TRACT OR PARCEL OF LAND, situate in wiu. iue ™ MUU. u.« a { wm . c t Qf all over my legs was coming ;„_„„. „„.«„,*,' MMI v «,* through my trousers." Allegany and State of New York, being all of Lot 35, Township 1, FAMOUS BRAND SALE can't advertise name at these low prices GIRLS SCOOTER SKIRTS $ 1 99 § sizeS to 14 BOYS FLARE SLACKS $1 99 1 to $O99 BOYS POLO'S s. Z e3&4 CHILDRENS TIGHTS size 2 to 7 $1 25 $] 25 CHARLES M. HARRIGAN, JR. Attorney for WILLIAM J. LOVELESS West Valley, New York 14171 TElephone: 942-3831 Sept. 25 -Oct. 9-23 Nov. 6-20 Richard Burdick Sheriff of the County of Allegany BIDS REQUESTED The Town of Independence will receive bids on the construction of one bridge, Size 24' x 30', steel pier construction. The Town to furnish all materials. Specifications can be seen at the Town Highway Dept., Whitesville, N.Y. Also bids on the construction of 200 feet of steel piling in Spring Mill Creek. The Town to furnish all materials. Specifications at the Town Highway Dept. Bids will be received at the Town Clerk's office, Whitesville, N.Y. until Friday, November 10, 1972. extension plan to conform to that ordered by the Public Service Commission August 21, 1972. The Company will extend its mains 100 feet to a new customer of Allen will meet and review without charge. If the customer is said Preliminary Budget and hold note than 100 feet distant from a Public Hearing thereon, at the the Company's existing mains, he Town Hall at 8 o'clock p.m. on the must pay an annual surcharge of 9th day of November, 1972, and 20 percent of the cost of the that at such Hearing any person extension in excess of 100 feet. may be heard in favor of or Such surcharge shall be reduced against the Preliminary Budget by an amount equal to 50 percent as compiled or for or against any times the customer's gas bill less the minimum bill and the Company's cost of gas. If more item or items therein contained. Pursuant to Section 113 of the Town Law, the proposed Salaries than one customer attaches to an of the following Town Officers extension, the Company will are hereby specified as follows: allow 100 feet for each, and each Supervisor $900.00 customer's surcharge will be Justice of the Peace $475.00 adjusted so that the total does not (Total Salaries) exceed the amount which would Councilman $175.00 each be charged if the extension were Town Clerk $600.00 a single unit. Town Superintendent $6700.00 The surcharge shall continue for 10 years or until the revenue from Town Assessors $650.00 all customers on the main (Total Salaries) extension less the minimum bill BY ORDER OF THE TOWN and the Company's cost of gas Board exceeds 40 percent of the cost of Doris Morse, the main extension for 2 Town Clerk consecutive years. November 1,1972 Dated: October 10,1972 IROQUOIS GAS CORPORATION Legal Notice Whitesville, New York, where it is available for inspection by any interested persons at all reasonable times. Further notice is hereby given that the Town Board of the Town of Independence will meet and review the said Preliminary Budget and hold a public hearing there on at the Fire Hall, Town Office at 8 P.M. o'clock on ghe 10th of November, 1972, and that at such hearing any person may be heard in favor of or against any item therein contained. Pursuant to Section 113 of the Town Law, the proposed salaries of the following Town Officers are hereby specified, as follows : Insurance Homeowners-Fire Automobile-Compensation Life-Health DONALD J.KRAMER Whitesville, N.Y. Ph. 607356-3312 Supervisor Town Clerk Assessor $1600.00 $1200.00 $1200.00 MaryD. Kear Town Clerk I Nov. 2.1972 I ATTENTION MOBILE HOMEOWNERS We can provide same type of protection as regular homeowners policies - at substantial savings. ALLEN, DYGERT, MAUSER, INC. Phone 593-3027 PUBLIC NOTICE NOTICE IS HEREBY GIVEN that IROQUOIS GAS CORPORATION has filed its By L.R. REIF President Oct. 23-30 Nov. 6-13 The Town reserves the right to First Revised Leaf No. 9, First reject any or all bids. Mary D. Rear, Town Clerk NOTICE OF HEARING UPON PRELIMINARY BUDGET Notice is hereby given that the Preliminary Budget of the Town of Allen for the Fiscal Year beginning January 1st, 1973, has Revised Leaf No. 10 and First Revised Leaf No. 11 to its tariff P.S.C. No. 6 - Gas, effective November 1, 1972, and Second Revised Leaf No. 8, Second Revised Leaf No. 9 and Third Revised Leaf No. 10 to its tariff P.S.C. No. 3 - Gas, formerly Producers Gas Company, effective November 1, 1972. NOTICE OF HEARING ON PRELIMINARY BUDGET . Notice is hereby given that the preliminary budget for the Town of Independence for the fiscal year beginning January $1, 1973,, has been completed and filed in the office of the Town Clerk of the Town of Independence at LIVING MEMORY... ENDURING TRIBUTE.. STILL TAKING FALL MONUMENT ORDERS Quality Work . Honest Estimates FOR YOUR MONUMENT NEEDS CALL 593-2393 GERALD HART MEMORIALS 47 S. Main St. Wellsville, N.Y. ( across from new police station ) locally owned and operated Political Advertisement The clearest choice of the century is on November 7th. If you don't make it, someone else will. Never mind the polls. Make sure your vote is counted on Tuesday, November 7th. Many a candidate who "won" in October wound up losing in November. Often because their supporters, confident of victory, didn't bother to vote on election day. The choice this year is between President Nixon's determination to end the Vietnam war after first securing the release of our POWs and granting the South Vietnamese the right to choose their own form of government, and Senator McGovern's plan to simply walk out. It's a choice between the President's program of sound economic growth based on America's private enterprise system, and Senator McGovern's radical tax, income and welfare schemes. It's a choice between the President's record of maintaining a strong defense, and Senator McGovern's willingness to slash the defense budget to an extent that would make the U.S. a second-class power. President Nixon's views are actually the views of most Americans. But if those Americans don't turn their views into votes on election day, maybe it won't be their views that win out. So remember to make the choice of the century your choice on November 7th. Rain or shine. Because when you consider the alternative, America does need President Nixon—now more than ever. President Nixon. Now more than ever. Paid Political Advertisement; New York Committee for the Re-election of the President, R. Burdell Blxby, Executive Director, Michael Phillips, Treasurer, 45 E. 45th St., New YorK, N.Y. 10017

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