The Courier News from Blytheville, Arkansas • Page 16

PAGE SIXTEEN BLYTHEViLLK (AKK.) COUKJJUK High Taxes Hurt Small Business Levies Against Estates And Inheritances Hit Hard, Banker Asserts WASHINGTON', Dec. 14. tax expert declared today that high Pilate and Inheritance taxes are wiping out the nation's small businesses. Federal and state priorities, he safd, are forcing estate liquidation and making it almost impossible for a business to pass from father to son. This was the picture drawn by W.

T. Hackett, vice president and trust ofllcer of the Himtington National Bank of Columbus. Ohio, before a Senate-House economic committee studying was to encourage more investment in small firms. "My experience leads me to believe," he said, "that our present high estate and inheritance tax levies are slowly but surely destroying the sjiitiH business." Inheritance taxes pick off small businesses one by one, Hackett said, as those who inherit usually are forced to sell to get enough cash to pay up. Increased estate taxes are beinj; proposed, Hackett observed.

But he added that if the levy had been lipped to per cent lust year, the revenue still would have been relatively small. Philadelphia lias more than 1.000 churches. (TT AIR FORCE TESTS NEW LITTER-BEARER-CIam-shcIl doors open to show the engine of (he new H-ID Sikorsky helicopter just flight -tested successfully by the Air Force at Brxlgcport Conn. Transfer of molor from behind pilot to the 'copter's nose sives more p.is'en-er and room to the cr.i/l, winch was designed (or search, rescue and liaison work. The 11-19 can carry oieht lilters and one attendant, or 10 Britons Arc Eating More Than They Did in 1947 LONDON, Dec.

M. Unions are eatmfi more now than two 1 years ago, tiic Ministry of Food announced today. Consumption of some food stuffs is even higher than belore the war, it said. meat However, fell from 501 2 5 asscngers Killed 1946 to just under 10 j' The ministry i Crash in Pakistan of pounds in pounds In said thru supply difficulties in Ar- liejllin.l and Ciitlada caused a fall of iniprnt.s of meiit and bacon peclis'Cly. Unions are Keltinj: nosv 55 cent more milk.

30 per cent more dairy products and per cent more fish than before the war. Glass fiber is drawn out The annual average consumption er than a mile a rnimite. Art ACM All "Jt ol (tun- Pakistan. Dec, H. and a i iesv reiioj'ted killed in a miles north ot here.

The list, of casualties MILS not. yet ami limed but it was reported that. two Pakistan army were uniony the pa.ssenger.s. The pliine, a twin-engined UC-3, crashed in desert country. Methodists Authorize Sale of Hospital at Spa M'iTLE ROCK, Dec.

The Little nock Conference of the Methodist Church has cleared the way for sale of the Methodist Hospital in Hot Springs. The conference, at a special meeting here yesterday, adopted 109-5 a resolution authorizing the board of trustees to sell the insti- WEDNESDAY, DECEMBER 14 ,1949 lutlon. The meeting was requested by B. T. Fooks, Canideu, board chairman, after he had been informed that a special committee was unable to devise plans for continued operation of the hospital.

The Rev. R. B. Moore, Arkadelphia, conference secretary, said the resoluation does not mean that plans already have been made for the sale. He said interested parties had requested that (he sale first CABIN With the genuine sour mash flavor that has made Cabin Still an old-time Kentucky favorite for half a century.

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