Dunkirk Evening Observer from Dunkirk, New York • Page 2

PAGE TWO OBSERVER, FRIDAY. FEBRUARY 12, 1643 PUBLIC HEALTH THREATENED BY MEAT1ECGERS' OPA and Agriculture Dept. to Cooperate In Slaughter Control. fly FKED BAILEY Washington, Fob. 12--(UP) -Food administration officials may nttauk black market operations in food by licensing food processors, it was learned todny.

Food officials estimated that black market a i in meat alone amounts to "millions of pounds a week." Health officials warned the black marketing of meat is a serious threat to public health Slaughtering methods used by bluck market operators are seldom sanitary, "One tiling is certain," one food official said, "we are going to have to act quickly before the situation guts out of hand. It already is worse than most people know." The exact course of government action is not known. The Office of Price Administration lias asked agriculture department food officials to cooperate. OPA's establishment of specific dollars and cents ceiling prices on butter sales by creameries and wholesalers was expected to reduce black market trading in that commodity. The retail price of butter in some black markets has been reported ns hifih as 72 cents a pound.

it should range between 58 and 58 cents a pound. The being considered for meats is understood to provide for federal licensing oC slaughterers, plus requirement that wholesalers handle and only other meats distributors slaughtered under license. The agriculture department would cooperate through its county war boards and other agencies by urging farmers not to sell livestock to unlicensed operators. Officials said meat rationing under dollar and cents ceilings scheduled to begin in about six weeks may ease the meat shortage by a more equitable spread of supplies but that more direct action is necessary to stamp out black marketing. IS A REAL ESTATE BOOM Babson Continues His Discussion of Inflation.

and War Babson Park, Feb. 12 -Everyone is asking what will happen to business, employment, agriculture, the railroads other affairs after World II. Even an interest is developing in the stock market. I have my opinions about all these things; but of necessity they must be subject to change in the light of new conditions. Hence, we will not now discuss them.

Real Estate Dooms Once A Generation Of one thing I am M. M. WOELFLE Funeral Director 417 Eagle Ph. 2203 Dunkirk, N. Y.

Ambulance Service LONG ARM OF COINC1DENCF Folsom, Cat. (UP) Coincidence worked overtime to do favor for C. E. Chappell, Folsom prison guard and a veteran of the Spanish-American War. In 1906 Frank Guernsey, record clerk at Folsom, was a i a a i trip between Stockton anc Fresno when he encountered at Army i acquaintance he hac not seen for five years.

To commemorate the meeting, the officei gave Guernsey a group picture American soldiers taken in the Philippines i the war. Recently, Guernsey learned tha Chappell was a veteran of the war and had served in the Philippines He passed the picture on to him. Chappell, on examining the picture, discovered that he himself was one of the men in the group. --U dispatches are accurate MIIIIIMIMIIIIIWIIIIIIIIHIIIIIIIIIIIIIIIIIIIIIilllltllHIIIItllltllllllllllllllllllllllllllHIIIIIIIItllllllUIIIIIIIIIIIIIIIIIUIIIIIIIIIMI' tuu that is we are headed for a much more active real estate market. I will not now forecast a real estate boom--but such may occur.

Moreover, I hasn't any land to sell! The only bit of land that I own personally is that upon which my Wellesley, Massachusetts, home is located. Statistics, however, show that a real estate boom comes once every generation. Biologists figure a generation at twenty-one years or more. Thus, the children of every generation must have a fling at real estate themselves. They refuse to listen to their parents' advice.

This may even apply to Florida, which had a boom in 1924-1926. This means that those who are now thirty years of age were only twelve when the Florida boom was on--that is, they don't remember it. They are the onus to start another land boom. Money Cannot Be Destroyed There is some real logic for a land boom after World War II. I have in mind the tremendous and unlimited supply of bank deposits, cashable government oonds and pocketbook currency vhich will be floating about this country.

The government spends $250,000 for a bomber which is lestroyed, or $2,500,000 for a ship which is sunk; but the money is leither destroyed nor sunk. It remains in banks, bonds or stock- ings, although its purchasing in real estate and--if the does not kill it--also a boom in stocks. Why am I saying there is time before then for a real estate boom? Here is my answer. Today the United States government is almost the only borrower from the banks and from the people. The people now don't owe the banks as they did in 1929.

The banks can't call Uncle Sam's loans. Think it over! P. S. Please don't write me foi personal advice on tate. Every piece is different all localities differ; and i would be wrong for me t( advise as to the purchase sale of any property withou seeing it with my own eyes.

Legal Matters As Filed With the County Clerk YOUR FEDERAL INCOME TAX DEDUCTIONS FOR BAD DEBTS (PART 1) If a debt has become worthless during the year, the amount may with certain exceptions, be taken as a deduction in arriving at ne income for Federal income tax BUT YOU CAN GET IT FROM US! Have you paid your income tax? Your coal bill? Your car repair bill? If not, may we help you? UPSTATE PERSONAL LOAN CORP. Phone 2 1 4 HO9 CEHTRPL OVE. DUHKIFSK, H. Y. LOfln PLfln -FOR VRV HCD 1 OUR GREAT February ranee Sale! Clea Sensational reductions on all Coats, Suits and Dresses to make room for our Spring merchandise which is arriving daily.

Zuokerman's "Every Store" Phone 3824 329 MAIN STREET DUNKIRK, N. Y. power may be destroyed. Someday this money will be COMPLETE lo the LasI Detail Economical Funeral Supkoski Funeral Service Incorporated spent for something. It will continue to circulate for a long time.

During the process, much of it will go into real estate. Buying bonds and paying taxes will postpone inflation; but not prevent it. The money which we pay into the government for bonds or taxes is immediately paid out to farmers, wage workers and others. Sooner or later they are going to buy something with it before its purchasing power declines. Homes Are Good Investments Readers should remember that INFLATION does not necessarily mean that everything will go up in price.

Owing to the great supply of rubber, aluminum, copper and other raw materials which will be available after the war, it is very possible these will decline in price. With' ten million soldiers returning, thwe surely will be no wage advances. Owing to the falling off of government business, there will be very sharp competition among manufacturers for domestic business. This may result in price cutting. Hence, what will these billions of dollars go into? What will go up in price due to increased buying? In what will people speculate to satisfy their unquenchable instincts? In what will the thrifty invest svhen they get tired of holding depreciating currency? My answer is, "Either land or stocks." Certainly, a small, well-located modern home with enough land for a garden is a good investment.

How Booms Are Caused Of course, much of this money will go into automobiles, refrigerators, television radios and furniture of all kinds. Houses will be repaired and repainted. New clothes will be bought and a thousand other channels of trade will come to life for awhile. AIL of these things are, however, mere chicken feed to what can be spent for land and stocks when a boom is on. Also remember that even then the money is not destroyed! The chap you buy the land or stocks from has your money and will use it to buy some more land or stocks.

A depression is caused by every- purposes. Bad debts occurring in course trade or profession are shown in Schedule to arrive at net profit (or loss) from business or profession; other bad debts are shown in item 16 of the return, Form 1040, and must be supported in all cases with a statement (in Schedule C) showing the circumstances. Losses from corporate securities with interes coupons or in registered form which become worthless during the year, and which are capita assets, are shown, in Schedule F. In all cases of a deduction foi bad debt, the explanation must show (a) of what the debt consisted, (b) name and family relationship, if any, of the debtor, (c) when the debt was created, (d) when it became due, (e) what efforts have been made to collect the debt, and (f) how it was determined to be worthless. A precise statement is required because of the man different transactions out of which the relationship of debtor and creditor may arise and the consequent many definitions of the word "debt." In order to be an allowable deduction, a debt must become worthless within the year for which the return is made, The determination of svorthlessness is an important provision in establishing the all'owability of the deduction.

The taxpayer must take reasonable steps to determine that there is no probability of payment or collection, and must have prima facie evidence to prove that the debt has no value. If, in the exercise of sound business judgment a taxpayer, concludes, after making every reasonable effort to determine whether is likelihood of recovery, that the debt is of no value, a deduction for such debt may be allowable. Court action, such as a legal judgment or adjudication in bankruptcy is not necessary as proof that the debt is worthless, as indeed it frequently Transfers For February 10, 1SJ43 Deeds Richard Hutley, et al to Lilly Chiazzese. Jamestown, $1. m.

Albert L. Benson to Cora Mather, Jamestown, $1. m. Walter H. W'idrig 1 to George McAvoy 1, Jamestown, SI.

Gertrude McCarthy 1 to William Shaw, Dunkirk, $1. m. Daniel J. McCarthy (McCarty), Exs. of to William Shaw, Dunkirk, The Lufrane Corporation to Daniel F.

Hetrick I Busti, SI. m. E. M. Wiltsie 1 to Chester S.

Sager, Clymer, $1. Mae L. Wcller, et al to Clara A. White, Fredonia, SI. m.

Samuel S. Zahm, Ex. of to Samuel F. Mahle 1, Fredonia, $1. m.

Walter Tanner Munson, et al, Harmony, SI. m. Millard Fullington to Charles H. Shattuck, Villenova, $1. m.

Mortgages Lilly Chiazzese to Henry Nelson Hutley, Jamestown, $200. William J. Shaw to Charles Glabe'rman 1, Dunkirk, $525. Samuel F. Mahle 1 to National Bank of Fredonia, Fredonia, $1,700 Affidavit C.

Strauser and Charles J. Meier. Order for Change of Name Of--Andrew Przyblinski to Andrew Polinski. Clyde A. Weld vs Philip Simmes, Co.

Ct, 5304.23. Kenneth S. Purdue vs Keystone Cooperative Grape S. Ct. Reversal, $196.75 costs.

El RAFFC ACCIDENT FDR-CHURCHILL HAVE DECIDED ON POINTS British Press Wild In Endorsement of New Command. ttwrtam to make tests man sugar l'-' Just one year ago today God re-i snort notice' called the one we ioved so es of Montreal, Feb. 12 (UP) -Eighteen men were killed, another died later of injuries, nnd two survived when a Royal Air Force ferry command bomber crashed in 'he interior of Newfoundland Tuesdav niqht, the RAFFC an- lounced today. All but one oE the 21 men aboard bis Liberator nlane were fly- ng employes of the RAFFC, re- to Canada after having de- ivered bombers and flying boats various overseas war theaters. Capt.

G. P. Eves, pilot of the plane and one of those killed, was one of Britain's best known civil- an pilots. He formerly was a plot of the British overseas air- vays. LEGION TO PROVIDE ARM BANDS FOR THE OBSERVATION CORPS one wanting to sell, caused by everyone A boom is wanting to buy.

Booms collapse when too many people who have borrowed money are called upon to pay their loans. This, they cannot do without selling more property. The result is a general decline in values which means more loans are called and so things go from bad to worse. Finally, prices get so losv that they look ridiculous and buyers come into the market and the depression is over. Times Are Different Today Of course, some day we shall have another depression and it will be a sad worse than the In the meantime, however, there is sure! to be a happens that a debt may be worthless before the debtor has been.adjudged bankrupt.

A second important provision regarding deducibility for bad debts is that the deduction must be taken in the taxable year in which the debt becomes worthless The fact that a debt is still held open on the books of the taxpayer does not mean that it has value, and the law does not permit a taxpayer to defer claiming a deductible allowance on that account, beyond the year in which it becomes worthless. A further requirement regarding deducibility for bad debts is that a debt must have existed in fact and in law. If a debtor was not legally liable to the taxpayer, then there was no debt to become worthless. Advances to relatives to tide them over financial straits, made out of moral considerations and without understandings regarding repayment, are frequently held to be in the nature of a gift rather than a loan, and consequently no deduction would be allowable for nonpayment. However, when a loan is made to a relative in a bona Eicle business transaction a deduction may be allowed because of uncollectibility.

'DOGS' AND 'PUPS' Abilene, (UP) --Two Medical Training center recruits --one wearing size 16 shoes, the other size 3--arrived in toe same hutment of Co. D. 57th Battalion the other day from opposite coasts. One of them is 26-year- old Walter Hecht, the battleship type, who stands six feet, five inches in his stocking feet and weighs 227. The other is 34- year-old Alfonso Uribe, the mosquito boat type, an even 5 feet in height and weighing 151 with most of his equipment on his back.

Hecht hails from New York and Uribe from Oakland Cal. Dunkirk Memorial Post Wi! Purchase Insignia for Observers. At a regular meeting of Dunkirk Memorial post No. 62, held Thursday evening at the American Legion arrangements were made to purchase and furnish arm bands to all observers in the Air Warning Service who are eligible to receive The war department has ruled that a minimum of 25 hours service is necessary to qualify. The post donations of $10 the Red Cross war fund, and $5 to the March of Dimes, the annual appeal of the Infantile Paralysis association.

Members were urged to take contributions of good books to the Dunkirk library for the Victory Book campaign. The special membership committee, of which Marion Frey is chairman, reported its activities. The committee's purpose is to promote the American Legion among all those in the armed services of World War II. Mi-. Frey is available to give assistance to service men and their families in the preparation and certification of allotment applications and the necessary accompanying affidavits.

He is located in the assessors' office in the city hall. By SIDNEY J. WILLIAMS London, Feb. 12--(UP)-- President Roosevelt and Prime Minister Winston Churchill have tentatively selected points at which the Allies will invade Europe and are now, with their staffs, blue printing strategy for what bids to be the biggest and most difficult offensive ever essayed, military observers believed today. Churchill's revelation in his house of commons speech yesterday that nearly half a million Allied troops had been landed in Africa, together with his emphasis on the No.

1 priority position of the fight against submarines, was 1 to Stuart taken as indicating the size difficulty of the plans which, he said, the Allies had charted for the next nine months. Military observers believed that the nine-month program probably included a continental invasion I plan. Most observers expected the Allies to strike at several points, perhaps concentrating on two main areas and using others as diversions. British newspapers gave a somewhat reserved welcome to the announcement that Dwight D. Eisenhower had been named Allied commander in chief in the African theater.

Some com- ment was: Daily Express--Conservative ---Eisenhower has proved his abil- i ity to face immense military and political difficulties. our great land, sea and air commanders will serve under his orders and so will our peerless eighth army. History has few precedents to offer for such a community ol effort on such a mighty scale. Daily Mail-- Conservative -Eisenhower, whose appointment must have been indicated by political as well as military consideration, has the best wishes of this country. News Chronicle-- Liberal party organ-- the teaming up under Eisenhower's direction of three veterans of Mediterranean warfare will give great satisfaction to this country.

These appointments and the whole tenor of i Churchill's speech suggest that the plans concerted at Casablanca really do reflect the attainment to close accord between Great Britain and America. Military observers discussing invasion possibilities suggested the following theaters: Norway--Difficult for Germany to reinforce but Allies would have a big supply problem. Extreme north would seem logical point as remainder of coast is strongly fortified. Would facilitate aid to Russia. Denmark-- Would open Baltic, cut off German forces in Norway and facilitate Russian aid.

Holland-- Shortest route into Germany proper. Long coast line, presumably strongly defended, offers many possible landing points. Sea crossing would call for big shipping reserves. Northern France route; to continent, but is probably most heavily defended of all occupied coasts. Many believe an invasion attempt here might be suicidal.

Northwestern France An- Mrs. Elizabeth Gould Bialaszewski. God needed her in his garden fair Transplanted the rosebud there In his garden so bright and fair. A precious one from us is gone A voice we loved is still A place is vacant in our hearts Which never can be filled. Our loved one is not dead just asleep, Her soul has passed away To dwell with God in his beautiful Garden somewhere.

HER CHILDREN NEW MOTOR FUEL TESTED A motor fuel composed of 70 per cent naptha and 30 per cent alcohol was pronounced a success in Tucuman Province, Argentina, where the governor organized an automobile excursion which can be the gasoline North rat and 5r sugarcane. VISIT HERE Buy Quali If you're g-oing to buy fewer shoes, yon're eccj I to want more quality. But how can vou of getting that quality? The best way make sure of the name behind it. TAKE THESE NAMES FOR EXAMPLE Bostonians MARINE KILLED New Bern, N. Feb.

12--(UP) --Edwin Gerald Thibault, 19, son of Mr. and Mrs. Frank Thibault of Rochester, was killed tnstant- at the Now River, N. inar- ne base, Camp Lejeune, yesterday when his gun accidentally dis- Assure You of the Quality You Want! PARK SHOE STORE! BETTER GRADE SHOES Sold Exclusivelv miiiiiiiinmnmiiiimiiiiiiiiiiiiiiiiiiniiMiiiiuiiiiiiiiiiiiiiiiiaiiiiiiiiiiiiiiiiiiiaiiniHiit I FEBRUARY JRJR SALE I I te other'short crossing, but to a formidably defended coast. Might be a diversional point.

Italy--Coast line offers landing points. Population disaffected, army smarting under defeats. Destruction or neutralization of nearly 250,000 Axis troops in Tunisia would be prerequisite to invasion. Greece and Crete-- Good fighting ground but supply problem would be immense. Most observers agree any front here would have to be a small one.

$189 Savings Average 30 to With careful spending the order of the day ou yourself not to miss these impressive Flaber Far The styles whether swagger, fitted or tuxedo 1 lived classics, each one picked to be the longest article in your wardrobe. CONVENTIONS "RATIONED" Joseph B. Eastman, director of Office of Defense Transportation, urges abandonment of all conventions involving inter-city ravel that do not contribute to the war effort. results advertise. During the trial o-f a boy in a London Juvenile court it was stated he had had 25 jobs since leaving school, but could neither read nor write.

--Advertise to build business. charged while he was cleaning it. The body was sent to Rochester today for burial. 50 SCHOOLS MAY CLOSE New York, Feb. 12 --(UP)--Officials feared today that they would have to close 50 of New York city's 650 public buildings because of a fuel oil shortage.

A woman's mounton coat contains enough material to line a war flier's sheepskin-lined jacket Seal-Dyed Coney Beaver-Dyed Coney Sable-Dyed Opossum Grey Persian Paw Black Seal-Dyed Coney Black Persian Dyed Skunk Great COST Sable Blended Masts: Natural Tipped SiuS Black Dyed Caracal Mink-Dved Marmot Two Years Free Storage Two Year Written Guarantee With Every Garment! MAIN STREET DUNKIRK, iiimiiiiiiHmimimmiimimiimmiiiimiinmimm iiiiiiiiiiiimiiimmmiiiiiiHnun Office Hours 8:30 to 5:30 and Evenings by Appointment R. FISH Optometrist First Floor Over Jaynes Store Same Street Location for Past 20 Years. 332 Central Avenue Dunkirk,.