The Courier News from Blytheville, Arkansas on October 31, 1947 · Page 7
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The Courier News from Blytheville, Arkansas · Page 7

Blytheville, Arkansas
Issue Date:
Friday, October 31, 1947
Page 7
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TOTDATV OCTOBER 81, 1947 Congress to Gst Co-Ops Tax Data , U.S. Treasury Makes Report on Agencies Exempted by Law BY ALBRO B. GRKGORV (United Press Staff Correspondent) WASHINGTON, Oct. 31. (UP) — The Treasury reported today that more than half the nation's 10,150 farm cooperatives are—by law— completely tax-exempt. It released a study of the operations and tax treatment of farm co-ops winch will be used by Congress »n planning long-range changes In the government's tax itruc- ture. Considerable criticism has been made by business leaders and others of the tax-exempt status of many cooperatives. The Treasury said that farm co-ops are the most Important cooperative »roup and that thfrlr tax problems are about the same as those of the others. The treasury made uo recommendations. Results of its study \vlll be turned over to the House Ways und Means Committee which begins ' hu r 00 " 11 "? hou « u> * a y. and hearings Tuesday on a proposed E UE ;V? W l* ld H w " t n * ," r * t «i:r.plete overhaul of federal Man, Who Was to Head Expedition To Buried Confederate Gold, Missing GREENVILLE. 8. 0,, Oct 31 + (UP) - F. L. Weathers ot Greenville, whose (Hie- of $ll,'000,00fl In Confederate gold burled in Virginia prompted Virjlnla'i Gov. Willtsm Tuck to invite him to Richmond lo discuss a digging expedition, today was not to be lound. « Tlie 55-year-old widowed carpenter was "out In the country on a Job" his landlady, Mrs. H. W. Busliaw told newsmen from as far away ss Washington who be- seigcd her modest rooming 1 t ise with telephone calls and telegrams and came In person to see Weathers yesterday. While all Greenville discussed Weather's tale of burled treasure, whose hiding plaee he tol Gov. Tuck In a letter had been revealed to him by his dying grandfather, Weathers failed to come home from worlc at his usual hour last night. Rkdlomen with transcribers for a recorded Interview, reporters and Photographers armed with camera* camped on Mrs. Bushaw's doorstep*, The phone rant continuously. But Weathers did not return by mlnlght when all but the most persistent gave up an went home. Weathers was still ml»lng from Mr«. tax law;. The study showed that about one fanner in every three ii a member of a cooperative. During the 1M1-4S marketing year, farm co-ops did *,SO<5,000,000 worth of business. For more than a quarter ccmui'y, the law has exempted from all taxation any cooperative which returns all its net proceeds to its patrons, without discrimination between members and non-members. By treasury ruling and court decision, a cooperative need not pay taxes on any part of ils net proceeds returned to its members as dividend* in proportion to their use of the coop's services. These are called patronage dividends. As * result of these tax laws, the treasury study showed, ordinary business concerns «re paying 31 In taxes for every I29.SO of gross sales at a time when cooperatives are payinj $1 in taxei for every $150 (o $500 of frmi •ales. These facts, the treasury said, have led to charges that farm co-, ops "enjoy unjustifiable tax advantages over their competitors." It listed four suggested changes in the tax treatment ol farm-coops: Repeal the exemption entirely; tax ail patronage dividends; tax patronage dividends paid non-cash form, exempting those paid In caeh; a gross receipts or invested capital tax. There are. the treasury said, obstacles facing each of these idea* that would limit their usefulness. The study ssid the principal advantage of the farm cooperatives is that they usually provide the needs of the firmer at somewhat lower costs and at times provide him a better price for his production. "Although farutre' cooperative associations have long been favorably regarded because of their contributions to the economic well- being of the American farmer,, the disparity between;the federal income tax payments and .those of ordinary business corporations has occasioned much criticism," the report said. ..."In prewar yean of relatively low corporate tax rates, few HUW- t tioned the treatment accorded farm cooperatives under the Income tux Utw anil regulations. With the wartime Increase* In corporate tax ratm, however, complaints became more widespread." The report said that the co-ops have been a good influence in most cases, since they tend to create a greater spirit of competition. Critics of the farm cooperatives argue that the tax advantages they enjoy deprive the government, of much needed Income, the Treasury 1 survey «ald. The farm cooperative is more than 100 years old. It developed when the farmer was isolated from in the m«ny years he had lived at her house that the elderly man liad failed to come home. The rooming house keeper »ald she was just as curioui as anyone else — "He's a cjutet sort of fellow, and we h»d never heard a word about this burled treasure until we read it in the newspaper*.*' She said Weathers, who lives alone at the rooming house, had two sons, one of them In the army overseas. Three Presidents' Names Appear on Deed Filed In Franklin County OZARK, Ark,, Oct. 31. <UP)_A 240-Rcrc plot, of land that changed hands in ?t<mklln County yesterday had among the signatures of past owners on the deeds the narnas of Presidents Jimes K. Polk, rranklln Pierce and James Buchanan. Woman Tires of faying Insurance Premiums on Life of Her Dead Mate SANFORD, N. 0., Oct. SI. (UP) — (An elderly Negro woman.told In- suranc* agent Tom Backer the wanted to stop making payment oh n !!f« Iniuranre policy for h-r husband. Barker uked why. "I don't see no nted for carrying it uny more," the Mid, "My husband died [our month* »|o." Jurors Convict Two Who Killed Elderly Farmer FAYETTEVILLE, Ark., Oct. SI. (UF) — Two young Washington County sharecroppers each fac« 13 year prison terms after having been found guilty ol the second degree murder of Clay D. Sampson, «3. , The jury deliberated two hours before returning Hie verdict against Roy and Vernon Bowman of Goshen. The shooting was jaid to have been fhe result of a dispute over crops. Attorneys for the Bowman* claimed the men llred in aelf-d*- fenc«. AffecU rules fire Destroys House In Spain Bottoms Area A two-room lioui*,- pccupled by Lonnie Murphy, Negro, In the Spain BoMoms section was rie stroyed by fire early last night. The fire, which began nbout 7:W p. m,, was said to been caused by an oil cook stove. The plate spread quickly and the roof had collapsed when firemen tr rived. PAGE Four Executed For Murder in North Carolina RALEIGH, N. o., Oct. si. <UPI— Two negro murderers died in the gas chamber today for killing a prison camp guard as the first of four victims In North Carolina's second Urge acalt execution of the month. Grady Brown. 27, and J. c. I Brcolu, M, died together calmly in the tiny cyanide-filled loom and prison officials immediately prepared their . companion, Thurman Muun, and • convicted negro wife- killer, Uster Stanley, to follow them In the four-nun execution. It wai the second largest execution In North Carollna'i history. Five men, two whites and three ne- groes, were put to death Oct. 3. Brown, Brooks and Munn were all sentenced to death for the fatnl I Father's Ingenuity Aids Polio Victim LOHATN ,0, (U1>)_A father's Ingenuity may help his 10-ycnr-oM sis. son recover from infantile pnrnly- Llttle Eddie Tougas was the city's flrit polio victim this year. When Hie youngster was taken to (he hospital, his father, Marcel S. Toueas. heard one of the nurses mention the need of a "shoulder wheel," The wheel, so constructed that invalid patient* may use it, helps strengthen arm and »houlder muscles. The elder Tougas got busy fashioning such a wheel out of plywood and presented it to the hospital. -Officials there have acclaimed It as the best "wheel" they have seen and say It should be especially helpful to polio victims. Three Tennessee Men - | Indicted for Failure ' To Remit Fines, Costs JASPER. Tenn., Oct. 31, (U.p.) —Three members of the Marlon County Court today are- under grand! Jury Indiclment for em- betilement. They ate T. E Dagnan and J. C. Bible, of Jasper, «nd Harry J. Norwood, of Whltwoll. They are accused of falling to turn In money collected In fines and contj. Tile grand jury yesterday also indicted Thomas A, Johnson, a naturopath, on two ch»rse,i of practicing medicine without a license In violation of the slute Healing Arts Law. Johnston has practiced in Scqunlclils. Automobile registrations in the United States totaled 26,300,000 ui IMS. KEY TO FINE SALADS Vuluxblt Caleb Labor Leaders Fail to Sign as Non-Communists WASHINGTON, Oct. 31. IUP) — John L. Lewis, Philip Murray and William Green arent' going to make today's deadline for filing non- Communist affidavit* under the Taft-Hartley Act. Lewis, president of the United Mine WorkJ-re (AFU, and CIO President Murray announced that they won't aign the forms necessary for their unions to qualify for the services of National Labor Relations Board. AFli President Green has Kaid he will. But he and Secretary-treasurer George Meany have not yet returned to Wellington, from the San Francisco convention which authorised them to file the affidavits. KLKD sources said it It unlikely any APL cases will be di»- mlwed because of thli delay. . Read Courier Churchman Injured,, WILSON. N. C., Oct. 31. (UP)— Dr. William B. (Daddy) Ricks, 81- year-old former secretary-general of the Methodist Church, was recovering today from injuries received In a highway collision. Dr. Kicks, resident 'of Nashville, Tenn., served two years as national president of Sigma Chi Fraternity. CAUSE FOR WONDER—12 .... U MOREHEAD CITY, N. C., Oct. 31. (DP)—D. W. Freshwater was wondering today about gratitude. Freshwater held open house at his new wholesale grocery for more than 500 friends. The guests danced lo hi.H music and ate all hit; barbecue. But one of them made off with his Vfife's coat. Read Courier News Want Ads. marketing areas and so lacked efficient methods of marketing Mis produce. Cooperatives are spread widely throughout the country, with a natural concentration in such agricultural states as California, Minnesota, Illinois. Iowa and Wisconsin. It's A Family Treat ... With Good Things To Eat At the DELTA CAFE South Division Street OUR SUNDAY MENU: SUNDAY, NOV. 2ND * (Choice of One) Grapefruit Juice Tomato Juice Orange Juice Combination Salad or Cottage Cheese Old Fashioner! Chicken & Dumplings 1?25 Choice Ham Steak • 1.25 Fried Chicken 1.25 Fresh Fried Shrimp .. " 1 25 Six Fried Oysters, Extra Select 1.25 Pork Chops With Raspberry Jelly 115 Chicken Fried Stak 1.15 Tenderloin of Trout '''., 1.15 American Pot Roast With Brown Sauce 1.15 Vegetable Plate (Choice of Four Vegetables) ".'.' 1.00 (Choice of Two) Asparagus On Toast Baked Mac i Cheese June Peas Cole Slaw Snow Flake Potatoes ' French Fries „,.,., Special Dessert . Hot Rolls Corn Sticks , Tea or Coffee Milk 5c Extra'. \\o Serve.Steaks, Sea Food, and Cocktails l for Fine Dinners and Specialties War* Ads. All thrip v/crf serving long sentences for mnjor crimes. Head Courier News Want Adi. $8.95 Tapestry Covered - Spring Constructed Highback Rockers - - Fine Quality Massive Highback Rocton - - $12.95 Couch Makes Into a Bed Studio Suite -t $89.95 Wine or Blue - Makes a Bed Studio Couch ----- $49.95 Massive Wood s Card Table - - - - With Leatherette Seats Dinette Suites $27.95 Hardwood With Leatherette Seats Breakfast Suite $29.95 Porcelain Top - R~tl Trim to Match Your Kitchen ea. $7.95 $39.95 30" - Yfalnut or Mahogany Finish Bock Cases - S7.95 36" --r^ivvQny Finish, Bocfc Ci?ses $8.95 05! oH C-al Herters — P'-nty in Stcck! ftilVIM HARDY 113 East Main Phone 2302 ^—aaaaaaB^5£ RITZ THEATRE Manila, Ark. Friday & Saturday "FLASHING GUNS" with .tnhitny Mark Hniwn Ciytoon and Chapl, * of "I'iirple Mon»t«r Strike*" Salurdny Owl Show "fhe JADE MASK" with Charley (Ilinn Alao Comedy Sunday and Monday Tuesday MARX MIRANDA RUSSEll T h e -B e s f Distributed by C. E. DAVENPORT S T U D E B A K E R S TUDEBAKERS CHAMBLIN SALES CO. * Sales STUDEBAKER Service ATTENTION, STUDEBAKER OWNERS: Drlv'e by for a free check on your climatlzer Heater DeJrostor. Bo prepared for winter. * food selection ol new and used truclu. Al»o, a cumMr of late mode) used cure ... nil guaranteedl Railroad am! Ash Streets IP (.ex Chnmlilln Dial. 2105 Bill Chamblin T U D EB AKE RECTAL DISEASES A SPECIALTY Wariwr Nei^ and Short Opgni at S:30 p.m.; Start* 7:00 p.m. Friday and Saturday "NAVAJO KID" with Hob Steel* Sertiill "The Kourltt llornrmun" Also Htiurl.s • Saturday Midnite Show Starts at ItiM p.m. Crime Doctor's Manhunt with Warner Baxter and KHen Drew Selected Shorti BEN WHITE & SONS GENERAL CONTRACTORS MAIN OFFICE NORTH TENTH Phone 3151 FARM & LOANS Horn* Office, Newark, N. J. LOX0 TMM ntOMPT CLOUNO tOW IUTB CALL, VVRlTfc OR SB» , ' RAY WORTH1NGTON 115 S. Third St., Blythevllle, Ark. Aenlnt This Brtillmi 25 Tram Aiulurtonl MArtiatt Ipnn Solicitor lor THE PRUDENTIAL INSUKANCB COMPANY OF AME1ICA y. - 4 tiunam> and ttonday "THE BIG SLEEP" with Humphrey Bogart and Muren Bacall Paramount News and Shorts New Theater Manila's Finest Shows EVER* NIGHT Box Opens Week Days 7:00 p.a MatinM Saturday & Sunday Sat.-Bun. I p.m. C»nt. Showlnj Friday "Mutiny on the ElsinoiV' with Paul Lucaa Selected Shord Saturday 'ACES and EIGHTS' with Tim McCoy Also Shnrt Subjects Saturday Owl Show "GOLDEN BOY" Kith William Holden and Barbara Stanwyck Also Short Subjects Sunday and Monday "THE YEARLING" with Gregory Peck and Jane Wynun S«lected Short Stbjects ' ~ ' SEft _''..-**nTfSo_ COMPAQ,. //J l.r- "Daddy, I've a surprise for you! . , . You were right? when you snid we ought to have our brakes relmej at SEAY MOTORS!" VI. 91VTMESWUE. ARK Prtie&Usrey Genera/ Contractors DIRT FOR SALE Phone 517 ARTHRITIS? Dont neglect what may seem to b« a trivial or pain and allow serious ailment to develop. 6 or 8 glasses a day for the next few weeks and for yourself the real value ol Mountain Valley. DRINK MOUNTAIN VALLE* WATER From Hot Springs, Arkansas CROSSTOWN WHISKEY SHOP AI*.

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