The Courier News from Blytheville, Arkansas on January 24, 1950 · Page 8
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The Courier News from Blytheville, Arkansas · Page 8

Blytheville, Arkansas
Issue Date:
Tuesday, January 24, 1950
Page 8
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PAGE EIGHT BLYTHEVILLE (AKK.) C0U1UER NEWS Middle-Sized Corporations Stand to Get Tax Reduction If Truman Proposals Win Okay .'WASHINGTON, Jan. 2-i. (AP)— Alklrllc-si/ed corporations would stand lo get a tax cut under President Truman's tax plan which he sent; to congress yesterday. He said Die higher rates he wants would apply to fewer than one-tenth of all corporations. Mr. Truman mentioned no specific new tax figure, but ConRression- >] tax experts estimated that if Congress goes along with the President the tax rate on larger corporations would rise from the present 38 per cent to around 41 or 42 per cent. Corporations earning Between »25,000 and ?50,000 would get a tax reduction. The reason, for that Is thai Mr. Truman proposes eliminating the present so-called "notch" provision in the business tax lav:. Corporations now pay a 21 per cei: 1 , tax on their earnings up to $5,000; 23 per cent on earnings lw- tweeii 55,000 and $20.000 and 25 per cent on earnings from $20.000 to $25.000. That takes care of concerns whose profits are below S25.000. Would l.«wer 50^ Bracket The rale on corporate profits between S25.00U and $50.000 Is now 53 pe> cent. This special "notch" provision Is Intended to make Hie lax paMitcnt. en profiii In the $25,- OOO-iSO.OOO bracket average out to approximately the 38 per cent paid on all profits by corporations which net above $50,000 a year. V The averaging out conies about through application of tower rales : on the first $25,000 of profits ami higher rales on the second S25.000 by corporations whose total profits are below S50.000. • Corporations whose total profit; 'exceed $50.000 pay a Hat 36 per cent on alt profits without being allowed He suggested that the loss-carry- forward provisions of the present law be extended from two to five years This would give corporations more leeway for offsetting losses of rad years by reflecting those losses in their tax returns of later years to apply the lower rates smaller •concerns niny have on total profits below $25.000. Mr. Truman wants the 53 per cent rate cut out. and to start al $25.000 the rate now applicable at $50.000. But this 38 per cent probably would be raised lo 41 or 42 •per cent under the President's overall recommendation, the experts said. Would Remove Hani'iicaps ' Mr. Truman said of his proposal: "These changes would go fnr to- wurd removing the handicaps which 'the present law places upon the tx- punsjon of small corporations. "The removal of the excessive 'notch' rate would reduce the taxes paid by medium-sized corporations whose continued growth Is so essential to the dynamic expansion of our economy. "The existing favorable tax rales for small corporations with incomes below $25,000 would be retained. The tax Increase would be confined to less than one-tenth of all corporations-" The President also recommended Especial relief for all corporations ,that suffer losses Instead ol making .a profit. Clayton Sounds Pessimistic Note On the 'Cold War' WASHINGTON, Jan. 24. W) _ Former Undersecretary of State II L. Clayton yesterday said "Statin is winning the cold war." If it continues, the year of 1955 'will probably find the Western Hemisphere surrounded by Communism," he told the House Poreig Affairs Conunlttee. "The Communists are awakrnln;; the masses, and make no mistake about it. the masses are listening.' Clayton spoke in urging Congress to adnpt a resolution lulvornlliiK » federal union of the North Atlantic treaty nations and other democratic countries. The former stotc department official is a vice president o( Hie Atlantic Union Committee, which sponsoring a convention of Allan- lie treaty nations to fedcralize Into an economic and political unloi within the framework of the United Nations charter. TUESDAY, JANUARY 24, 1950 ,->i J BULL SESSION—Gelling all slicked up for his part in the March of Uimcs is Lost River Domino 17th, with Carole Sartori doing the slicking. Domino will be sold at auction at a Red BlufT, Calif., livestock show, and the proceeds will go to the polio turn] drive. The prize animal was donated by Mrs. Mebel Liskey oj Klamath Falls, Ore. can start at the limestone mauso- Russia Is Old Story, Bulgarian Signs Show SOFIA —M'I— The Rii.ssi.-in Influence is nothing new in Bulgaria. Anybody who walks six blocks through the renter of Sofia has thai brought home to him by the nuines of landmarks along the way. The blocklike white leum of Gcurgi nimitrov, who cnrac home from Moscow after 22 years in exile to become Communist premier of postwar Bulgaria. The way leads along n boulevard named for Alexander If of Russia. He warred on the Turks for liul- yaria's freedotn. Four blocks down stands St. Alexander Ncvsky Bulgarian Orthodox calhcdrnl. named for a thirteenth-century Russian warrior. Ahead is a statue of Alexander on horscbiick. Beyond that IK Marshal Tolbilkhin street, honoring the Russian leader whose troops were on Bulgarian soil at the time of the 1944 revolt. TV Eye for Robots NKW YORK. -Ifl'l— Television experts forsee many tilings ahead for electronic vision in Industry. For one thing, they visualise a machine which, with the aid of a TV "eye." could go underground and do work that would be highly dangerous, particularly in areas where marginal productivity would not warrant the cost and risk involved in haml-inimng. Real Estate Transfers • (Clilckasawlia District) Bill Held Company of Arkansas. Inc., to' c:. A and Nellie Lou Turner, all of fM 12 of Block : 5 of the David Acres Subdivision $6,500. : ' DlJon S. Haley and Grace L Haley to Cleveland and Maraih. Thomas, ijn 7 or. Ihc E2 of tlje SW^4 of the NE4 of Ssction 10-15S- 12B, $8,912.50. 7 J. C. Slavens and OTCrtrude Slai'- ens to Gene and Ann Fciirtir, North 50 feet of the Sonllt 100 frit of irregular lot 6 of Section 9-I5X- 11E, $1 and other consideration C, H. and Irene Whistle to Ray and Effie Gaines, part of NE[4/ 0 f Section n-15S'-HE, $1 and «.\- cliange of property. I Roy and Effie Gaines lo Dill end Lois Crosskuo all of the Soulh half of the SE4 of the mv;4|of Section 33 in 15N-11E, $1 and otacr consideration. j Siisnn Moore to Mix and Gertrude Wells ,lx>ts 21, ''8 and \29 In Block 7 of the w. W. HollipcUr Second Addition, SfiOO. j Ij. T. and Ha/.el H. Ellis to HJ U and Nell. II. n. and Vadlne B«ld- ridj;«, 370 acrcse in section 4, 8 and 9 of 14N-I2K. $15.000. < R. W. and Lucille Price to Gerald G. Costlier. 40 acres in Section U- 14N-8E, $9.000. j W. C. Gates to Tom and Pe.irlic Dillard, Lot 5 of Block 4 of .the Klliott Addition, S250. Armor and Opal Sparks lo ciaud and Julia I'alston, SW4 of Uhe NW|4 or Section 33-I4N-8E, ?1 and other consideration. j Mary c. Moor* to pearl L. Clean. Lot 4 of Block 6 of the Ruddle Heights Addition, $10 and other consideration. W. N. and Mildred Mitlliiis to H. P. and Dorothy Russell, Lot S of Block "A" of the Hollendale Addition, $2,100. Max and Annie Laurie Logan, Marie D. and Harold B. Wright -0 Jesse Uon Burns, Jr., and Hazel Burns, Ixjt 8 of lilock "E" of the John B. Walker Second Addition, S900. Max and Annie Laurie Logan, Harold B. and Marie Ij. Wright to Carl c. and Oiia! Blanchard, Lot 12. of Block "E" of the John u. Walker, Second Addition, $1,000. C. w. and Susan riaker to George Grldle. and Jane Sheddan Huhbarti, Lot 21 of the Jackion Second Addition, $4,800. Charlie and Mary Garrctt to Jesse and Hallle Gates of Lot 11 Block 5 of the Simnysidc Addition, $50(1. Susan Moore to William and lnc-11 Clark, l,ol 5 of Block 8 of the W. W ITollipcler Second Addition, $2,00. Willie C. Robertson and Clara Pauline Robertson to E. N. Webb, Lot 10 of Block 7 of the Country Club Drive, $1,150. Lazarus and Roxie White to Emma Earnest and Minnie Lee Paiton, Lot 10 of Block 5 of the W. w. Holipecer Second Addition, $1 and ^Hher consideration. Susan Moore to Norrna and Tern- pa Slavens, Lot 14 og Block "A" of the D. K. Moore Addition, $1 and other consideration. William A Martin, jr., and Kathleen Martin to Roy Walker, Lot IB or Block 8 of tlie Wilson Third Arid lion. SCOO. AS1HL-. SUFFERERS FIND CURB FOR M1SE8Y DUE TC ASTHMA ATTACKS. RUSHED KfHEl Nciv M>[ve (or ivlitf frorn aalhma, [tarux- T'nis i* f-et'Tt today in re!)'Jrt3 of success with , |.aLElAlive forraulu which acts (•) relieve K-ifltre'l v>»th <3t*a.l eou^htnr. c!:n'-iin}; r v-heo/.i,.* •alhin* uttnckii nnw t^li of liU-^l telicf aMer »Mnic il. PROMET1W wsW \t. toiiMiivritMl twilts, this i& n.nt oxi*. ; (isive. fcLuSn—^eon]r n « e ^r«*ed!JVioMETlH" is sold svith airict moner-baclt KU*canlce by \\'fiixls DniK Stor« — Klythevillc — Jilai Ciirislmas Ivy Is supposed to represent the mistress ot the house. Bulgarian Statesman, Vassil KolaroY, Dies SOFIA, Bulgaria, Jan. 24. (/T; — F'mnter Vassil P. Kolarov, one of Bulgaria's elder Communist statesmen, disci yesterday after a long He was, 72. Koiarov's death wtis announced iiy Radio Sofia. Three days of national mourning was decreed. It was believed Koiarov's health had ucen affected by (he death In Moscow last July of his lifelong friend and revolutionary comrade, Premier Gcorgi DImilrov. Kolarov succeeded Dimitiov as the head' of lsiuhi's Communist - dominated government. (Speculation abroad about Koiar- ov's .successor centered on Vtilko Glenn Kilker Proves Pig Business Is Big FREEPORT, 111. (AP) — Glenn Kilker's pig business is booming. Seventeen Yorkshire pigs from a litter of 19 (arrowed Oct. 22 have been weaned. Yorkshire hogs are known to be prolific. I,ast spring Kilker weaned 131 'pigs from 13 Yorkshire sows and this tall weaji- cd 124 from 12 sows. Chervenkov. Bulgaria's vice premier and Communist Party secretary,*' who had been mentioned for the premiership after Dimltrov's rieath. He was named vice-premier when Kolarov became premier,) &RM DITCHES DITCH BANK LEVELING IplVATE ROADS •faa*f^... OR ANY , J.COHEN Contractor To relieve distress rub en com fertile • • • There's a Buick to Match it f WATER is your Cheapest Commodity - - - Use if FREELY! Blytheville Water Co. Blytheville, Ark. H HRi; is a car—one of a whole parade of brilliant 1950 models—that realizes an ambition for Buick, as it very well may for you. It lias been eight long years since Buick has been able to bring you a full and complete line and say, "Sir—suit yourself!" We can now. Never before amid we give you a choice of four whcclbascs, three engine sizes and five power ratings. .We can now. Never before could we offer you an array of models that ranges from simple, practical utility-type coupes to sportsters as sleek and commanding as'the stunning, Buick-fasbioned Riviera. We can now. We have long offered you valve-in-head efficiency. For 1950 we have higher compressions ami greater power in every engine—plus a new engine—the F-263— that brings thrilling new heights of liveliness and zip in the 5UP£R. We've always been strong for room. Now you have it—abundances of it—on cars devcrly trimmed in over-all length so as to sJide easily into tight parking spots and swing deftly into your garage. We've always sought to [nice ottr cars to serve as many [>eo[>Ic us possible. Now we're reaching more I bun ever—with a L thai costs less per pound than some "Lowest-Price Three" models. There's more —much more—but that gives you the idea: You have a lot to choose from in the 1950 Buick line. So much so that we can truly say here's a car to gratify any taste, and prices to suit practically any purse. Will you see your Buick dealer just to« see if that isn't so? Features like these mean BUICK'S THE BUY cl«.-.p ,°*d ,!.„ bol), fon,.o,rf orJ back • TRAFFIC-HAND^ SIZE. I,,, „»,,„„ ,« n>l j , or ,„,.., pa ,^ s an j ^^ .^ H,min 9 ,.Ji« • tX7RA-W,Df SEATS cWlerf b.fw.en Ik, „!,, - SOfT BU,CK R,DF, f fom „„,„;, spri ^: ng . ri m ,, ;.w.p,,,, ore <;.«. rW..ll e «,rf,; n9 lor qu e.l u b<, • DYNAFIOW DRIVf a, a j ard „„ ,„ »OAOMAS«K. oplionof ol .,t« f o,l „„ SU fH »nd SPECUt , e ,,>i • NW£I£fN MODUS w/.h 6od, b, «,(,., • WIDf CHOICE OF tQUlPMfNT cjdm, H.«rbFB (/ lo pm«, I b.-atJtef every pn'ce fang« a&ave th* j Phone your BUICK dealer for * demonstration—Right Now! ,_ LANGSTON-McWATERS BUICK Co. WALNUT & UUOADWAY TELEPHONE 555 Whrn hftirr nnfaimottilfs arc litiil! Hl'ICH ,,-ill Intilil Ilicm • /

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