The Courier News from Blytheville, Arkansas on October 25, 1950 · Page 7
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The Courier News from Blytheville, Arkansas · Page 7

Blytheville, Arkansas
Issue Date:
Wednesday, October 25, 1950
Page 7
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M, MfQ VLTnOTTLLB (ARK.)' OOUVIER KTW1 ^Flanders Prefers Corporate Tax Increase to Profits Levy WASHINGTON, Oct. 35. (*>)-# ••UMr Ffendert (R-Vt) wild today ,;ht h*4 ,turrwd a«*lnst an excess . profit* tax and now favors another <boo«t la ncular corporal* levlei W help pay jor tptrallng defense cost*. " H« added h* believes other legislators may h*ve had a similar . change of heart since Congress ad•< journed last month. • Then was strong congressional --sentiment then for an excess profits Hi UK, and Chairman George (D-Qa) ,•£ of the Senate Finance Committee f| >ald yesterday that it will be one • part of a multi-billion dollar tax IncrnM which he Mid lies ahead. -. G*orge, m'hoae" committee post makM him one of the top tax spolc- '' eimen In Confrtas, forecast pass' ag« of an excess profits tax before Christmas or early next year at the 1 latest, with tht levy made retroactive to the last half or the last ••'. quarter of 1950. Flanders told reporters, however, - that he will propose to George ...'thit in lieu of an excess profits tax Congress should consider rais- ; Ing the top Income levy on corpor- - aliens to perhaps 50 per cent. It ">;was raised last month from 38 to .45 p*r cent, effective Oct. 1. Flan.. ders said he thinks the action would "' be fairer and produce moi'e revenue •'• than an excess profits taxT Seeks New General Hike - ', George ilso foresaw the possibility of anolher general lax hike ..'.. saying the'nation's growing milltarj •: program .will make It necessary to . : :.", raise more revenue. He did nol - ; speculale on its provisions. <•• "The successes in Korea do nol ''•'.. remove the necessity Cor urtdltUma' :r ; (axes," George told newsmen. "We - cannot afford not to go ahead wit!v. strengthening our defenses — an< -•' thit costs money." .: He said that in 'the Interests ol speed, the bill Congress Is sched "" •' uled lo consider, next month-musi be confined to an excess profit: > tix, designed to drain off any ex gricessive war profits into the federa. '<':••• A $4,100,000,000 Increase in in '.•• dividual and corporate taxes wa - voted by Congress before 5t ad journed last month until Nov. 27 ^ An effort to write an excess profit. •'• Ux into the bill failed. -: . The lawmakers, however, instruc •*., ted the tax-writing committees, o '' the House and Senate to have sue! a levy ready for consideration a . • the brief post-election session. Tin '-• House ways and Mean Commute : plans to start hearings Nov. 15 Oeorge said that If Invited his com ••••: inittee will sit in to save lime. Flanders, a businessman and for mer president of the Federa] Re • serve Bank of Boston, favored excess profits tax until recently. ; "The more I see of it. the mor inequitable I think !t Is to appl i an old-fashioned excess profit tax."' Glanders said such a levy woul • have its "heaviest impact on com -.: panies that have had the hardes --: row to hoe" since the end of World -' War H and "wouldn't', do anything V. to General Motors, u. S. Steel, Chemical comnanies and others have had recorded peacetime 4,774 Reds Held As Korean Spies SEOUU Oct. M. (»)—The South Korean army's joint investigation board Mid today that more than half of 8,454 Communist suspect* d In Ihe Seoul area have been ordered to trial. The 4,714 ordered lo trial include about 500 women and scores, of Chinese nationals. The other 3,684 were freed. Suspects charged with murder )i™ supplying Information lo the ed Korean army were Bordered to land trial before military courts. Those charged with lesser crimes ere turned over to the Seoul dtst- ict court and the provost marshal. Uithorlties said many collaborators ad fled north. MARSHALL PLAN AIDS STOCKPILE - With no additional outlay of American-taxpayers' dollnrs, the Economic Cooperation Administration (ECA) lias purchased $6-1 million worth of strategic materials since the Marshall Plan began in 1948. In addition lo file bigger purchases (shown on ncwschart), the ECA has stockpiled varying amounts of palm oil, graphilc, platinum, lead, sperm oil, quininine, cryolite and fluorspar—the latter two items are used in making aluminum, pfficials say the scarce materials—bought with (oreign currencies available U> the U. S. under (he Marshall Plan- are cheaper than if paid for wiih American dollars. Asks Enforced PHILADELPHIA. Oct. 25. (IP) — Only by confronting all aggressors . with "guaranteed defeat" can the peace-living nations of She world "discourage, the use of force," says Warren R. Austin. Austin, permanent U.S. delegate to the United Nations, was a speaker at Philadelphia's observance of United Nations Day last night. U. S. Atom Work Tops Russians' WASHINGTON, Oct. 25. [/PI — How's our atomic weapons program progressing? "We're much better off today than we weie a 5'ear ago." Chair^man Gordon Dean of the Atomic Energy commission told a news conference yesterday. He put heavy emphasis on the "much," and went on to say: "You can be sure we're stronger than Russia." bean said he thought a site for working on the hydrogen bomb would be chosen shortly. 700 More Casualties WASHINGTON. Oct. 25. OT-)— The Defense-Department today reported 100 casualties, including 25 deaths, in the Korean area. A Korean casualty list (No. 1311 showed 23 wounded In combat, 49 Injured in accidents and three missing in action in addition to the 25 killed. Jersey Republicans he Blue-Dyed Potatoes o Harass Democrats TRENTON. N.J.. Oct. 2S. (/!•)— New Jersey Republicans are civ- ing away blue—and what they call hot—potatoes. The blue-dyed potatoes are part of the lop Congressional campaign effort to convince voters that Ihe national Democratic administration's surplus potato program U wasteful and extravagant. The Republicans have been mailing and passing out Ihe potatoes throughout the state. Wrapped In cellophane, the blue potatoes carry a tag warning they are unfit for human consumption The tag also Informs the reader that: "The federal government pays with your tax money $1.68 per 100 pounds of these potatoes. After dyeing them blue, It sells them back lo the farmer who grew them for 1 cent per 100 pounds, for use as fertilizer." 'Dry*' flan Rally .I'lTLE ROCK, Oct; 25. (£>. statewide rally in behalf of the pro posed prohibition act will be hoi on the state capltol steps here 4. This was announced yestcrda at a meeting of the Arkansas Unit ed Drys, which Is campaigning fo adoption of the act at the Nov. election. Good Wives Cost More . SINGAPORE OT—Rubber plan- atlon workers In Negri Sembllan tale buy their wives. They declare he more they pay the greater lllce- ihood ol getting a good wife, KANSAS WHEAT'S IN—Next year's wheat—Ihe winter variety—will be sown on trtts 35-acre (arm by Raymond Leib of Edna Kans., after he finishes disking the land. Farmers in the leading wheat growing slate—over one billion bushels in 1950—have almost completed sowing winter wheat. RAZOR BLADES "LEAVES YOUR FACE SMOOTH AS A CHILD'S" <HM*AWrifi lull or doubta yo«r M Czechosloyokians Want More 'Milk Bars' PRAGUE Wi—The milk bars ot Czechoslovakia, admittedly behind hose of some other countries, are Tying hard to catch up. Not more .nan half a dozen cities in the whole country have such places, and the capital, Prague, h a s only three. Others are being planned. They sell a popular speciality of fruit nestling In n dish of wjilppcd cream, but Ihelr ice cream until lately has come in only one flavor —vanilla. Now chococlate and coffee have been introduced, nnd soon pineapple had other 'flavors will be put on the market. Marshall Favors UMT WASHINGTON, Oct. 25. • W) — Secretary of Defense Marshall spoke out yesterday in favor of universal military training and nn expanded National Guard program. He also said In a speech In the National Guard Association ol America that It things keep working out as they arc, there will be no war. THE AMERICAN DISTILLING CO.,iNC. Now York - Pekin, III.-San Francisco, Col. Turkey Raisers Organize CONWAY, Ark.. Oct. 25. (AP) — Turkey raisers from throughout th state organized the Arkansas Turkey Federation here yesterday. Dr J. N. Thompson, Pottsville, was elected president. ' , 406 W. Main Phone 591 Only about three per cent Egyptian land Is cultivated. TRAIN WRECK AT HOLLAND Read all (he details about the July "3rd train wreck at HolUind.^ Mo. as it appeiivs in the November issue of "Official Detective Stories" At all newstands—only 25c. Ask tor the "Official Detective Stories" LILLY NEWS CO. WARD WO POSTAGE! That's the price you would have lo pay for post»f;« alone if you sent a letter hearing a three-cent stamp to every subscriber o> the Courier News. Bui you can reach all ol ihese people through a WANT-AD costing as little sot Is H any wonder that people prosper who take id- Tanlage of this oulstanrl:ng bargain offcrl I'hink of it! Being ahl« (o tell 7000 oeople about anything you may want to buy, sell or renl at such i tew cost. Start Today! Get the WANT-AD habit • nd yon will have money in your pockets for purchases. Ad» plactd before 9 a.m. will appear same day. All classified advertising payable in advance. BLYTIIEVILLE COURIER NEWS When all America Shops and Saves! CHOOSE ANY GAS OR ELECTRIC RANGE AT WARDS ON THURSDAY, FRIDAY OR SATURDAY, AND RECEIVE A DELICIOUS HOT BAKED HAM WITH EACH PURCHASE! New M-W Deluxe .Mode! ELECTRIC RANG Reg. 219,95 Ward Week Sale Price A Delicious Ham at No Exrra CostI New M-W Fins Quality GAS RANGE Reg 169.95 Ward Week Sole Price A Delicious Ham at Ho Extra Cost! ©'© _®^-=r WARD WEEK SALE ENDS OCT. 28

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