Galesburg Register-Mail from Galesburg, Illinois on August 15, 1963 · Page 10
Get access to this page with a Free Trial

Galesburg Register-Mail from Galesburg, Illinois · Page 10

Galesburg, Illinois
Issue Date:
Thursday, August 15, 1963
Page 10
Start Free Trial

10 Golesburg Register-Moil, Golesburo. III. Thursday, Aug, 15, 1963 Capital Waits for End of Month By JAMES MAttLOW and unions are stalemated. Unless WASHINGTON (AP) -*» some way is found to stop it, Washington is in a slow there will be a railroad strike swirl, psychologically and Au 8- M politically. The arrival and departure of It waits for the massive civil 100,000 or more demonstrators in rights demonstration Aug. 28, hoping that whole memorable day will go off peacefully. Negotiations between railroads one day, even if everything is peaceful, will be an unforgettable burden. But to have the demonstration Corporation Management Alert to Planned Tax Cut By SAM DAWSON NEW YORK (AP) — Corporations may be soulless but the prospect of a tax cut can stir hope and wishful planning in their breasts as well as in yours. So the news that Congress apparently now is giving the green light again to a tax cut, even though it will be next year instead of this," has pepped up corporate management in the dragging days of late summer. The stock market has taken note. Business planners are talking of better days to come. The corporate stake in tax cutting is in three parts. First is the chance of getting the 52 per cent levy on corporate earnings down to 48 per cent in two years. More to Invest? Second is the hope that top and middle individual income rates will be lowered enough to make more money available for investment. Third is their belief (and this they share with top union leaders) that personal incomes after taxes will be expanded enough to make more purchasing power for the consumer goods that many corporations turn out directly and others indirectly by furnishing the materials or distributing and retailing the goods. Many business and financial leaders have stressed their fear of tax cutting without government spending reductions. This might raise the Treasury deficit enough to trigger new inflation or undermine either the value of the dollar or its reputation in international money markets. Will Help Growth Even these agree that cuts in corporate taxes should be an immediate help to business in providing economic growth. Government economists stress this as necessary to lick unemployment and make the United States stronger competitively in foreign trade. Some bankers, now are saying that recent official moves to tighten credit and raise interest rp^es should offset to a considerable extent any inflationary threats posed by tax cutting. They consider such moves as a brake on • speculative trends that their more conservative colleagues fear would be encouraged by tax cutting that further raised the federal deficit. followed the next day by a fail strike would be piling climax on climax. Congress Drags While the city waits, Congress, bumbling along at the slowest pace in years, continues to drag its feet and may be here until the end of the year. The center of this quiet stage is occupied now, and will be for a couple of weeks, by Senate hearings on the limited nuclear test : ban treaty. That treaty, once approved, could' be a fiendish embarrassment to the Kennedy administration if the Russians then try tricks to American disadvantage. If nothing goes wrong, it will be an asset to President Kennedy, in seeking re-election. If it goes wrong it will be an issue in the 1964 campaign. The administration, conscious of both possibilities, acknowledges risk but insists the treaty's advantages outweigh the disadvantages. GOP Readies Excuse The two most likely Republican presidential candidates as of now —New York's Gov. Nelson A. Rockefeller and Arizona's Sen. Barry Goldwater — are conscious of the for and against possibilities too. Both have provided themselves an "I told you so" if the treaty proves a dud. The treaty has wide popular support, it seems sure to pass the Senate by a wide margin, and neither Rockefeller nor Goldwater has come out against it. Rockefeller, in fact, has suggested it be approved but then he added a list warning of things to look out for. But most of the things he MONEY NORTHERN CREDIT CO., INC. • All Types of Financing and Loons Available in Amounts from '50 - '800 5 850 - $ 2500 T Credit Life Insurance available 65 South Prairie St. Galesburg, III. PHONE 342-0144 DON DENISON, Manager PARKING FACILITIES Park Plaza Lot Vi block from office How Many Conclusions Do You Accept from Boyle? By HAL BOYLE I mitt. There's such a thing as NEW YORK (AP)—Jumping to | carrying eagerness too far. conclusions—(and how many do| you agree with?): One big reason American women generally are poor athletes may be that they are poor sports. They are pampered and made to feel superior from birth. Therefore the only role many find tolerable in life is the winner's role But in sports competition somebody always has to lose. That's why so few American girls are interested in athletics. They don't want to take the chance of losing —particularly in public. Don't Feel Serene A wife with a balding, potbellied, m i d d 1 e-aged husband usually feels serenely safe from feminine rivals. She couldn't be more wrong. This is the type of guy who keeps most of the champagne corks popping in night clubs—and pays the rent for most of the nation's love nests. A phony, when asked what bores him most, almost invariably replies, "Phonies." You can put it down as a fact that people who loudly object to contributing to organized charities are pretty stingy when it comes to private charity, too. Never marry a girl who tries to catch the bride's bouquet at a wedding with a first baseman's A penniless bum is never as deferential to anyone as a millionaire is to a multimillionaire. Toothaches are nature's way of showing that all men are equal. Go to Fat Doctors? Fat men who go to fat doctors always enjoy life more than fat men who go to skinny doctors. Most fellows hate to sit in even a friendly poker game with a preacher. They can't help feeling he may have a secret edge. One of the things that puzzles me most is why the first thing God did was to invent Monday. But He proved His compassion when He got around to creating Friday. Never trust a man who says ht's "just an old country boy trying to get along." Real country boys don't brag about it. Who 's Who A poor woman who steals things from a department store is a shoplifter. A rich woman who steals things from a department store is a kleptomaniac. But they're both trying to get something for nothing. Only a gravedigger looks for opportunity in a town in which the cemetery is twice the size of the business district. BOWMAN'S $ DAY SHOES AT GIVEAWAY PRICES, ALL THIS WEEK Look What ^ $5 Will Buy $ SHOES FOR WOMEN SAVE UP TO 60% AND MORE look What ^ $3 Will Buy § SHOES FOR CHILDREN SAVI UP TO 70% AND MORE! Look What ^ $5 Will Buy $ SHOES FOR MEN SAVE UP TO 60% OR MORE Look What ^ $2 Will Buy $ FLATS FOR WOMEN AND GIRLS SAVE UP TO 50% OR MOREI Hill Arcade Bldg. 3420313 — Galesburg, III. PRICES SIMILARLY SLASHED ON MANY OTHER SHOES) SATISFACTION ABSOLUTELY GUARANTEED. warned about already had been discussed in one way or another by the administration. For instance, he said this country should "pursue research and development in the vital area of antimissile defense." He said that Sunday, Aug. 11. But on Aug. 1 at his news conference Kennedy said developing an antimissile missile is "beyond us and beyond the Soviets." He was supported in this Tuesday by Secretary of Defense Rob* ert S. McNamara, testifying before the senate Foreign Relations Committee. He said developing an antimissile system is something neither the United States nor Russia has solved. But he didn't say It was impossible. And Tuesday Goldwater, who hasn't yet gone as far as Rockefeller in saying the treaty should be supported, added his warning. Goldwater Hammers He hammered on the antimis­ sile; business, too, saying he wants "iron-clad assurance" development in this field won't be inhibited by the treaty. Goldwater is an Air Force Reserve major general. McNamara told the committee: "I know of no one of my senior scientific advisers and no one on the Joint Chiefs of Staff who recommend against the treaty with safeguards." READ THE CLASSIFIEDS! Drama (or City Divisions CLEVELAND (AP)-Dramatic decals are used on many of the city's vehicles to illustrate their assignment. Cleveland uses St George slay* ing a dragon for the Sewage disposal division, the Norse god Thor for the light and power branch, and a "big hand" for the water department, for Example. Law director Bronis J. Klenv entowfcz ruled recently that such vehicles do not also have to be lettered with the city's name, remarking: "We don't want to make the city cars look like billboards." Breakfast AIKEN, 8;C. (Af»)-The South Carolina Breakfast Club goes up in the air tor a cup of coffee. The club ii composed of flying enthusiasts who "fly in" for breakfast at some point In the state every two weeks. They compare notes en flying, promote aviation safety, and inspect one another's planes. A bouncing ball is awarded the club member who makes the sloppiest landing of the day. The meeting usually draws about 30 planes with some 90 persons aboard. READ THE CLASSIFIEDS t ICE CREAM y ': y K'' '. : ",-''<i" '-'•itf 'i';- SEALTEST CHOCO-CHERRY BARS New Sealtest taste treat! Cherry-rich inside. With a crunchy Choco-Chip coating. What a cool combination. At most Sealtest Dealers. SEALTEST TOFFEE KRUNCH BARS Creamy, crunchy taste sensation! Delicious Sealtest Toffee Ice Cream with chocolaty, toffee-sprinkled coating. At most Sealtest Dealers. SEALTEST LADDIE BARS® Lots of delicious Sealtest Vanilla Ice Milk. And a tasty, chocolaty coating. Tops for good eatin'. At most Sealtest Dealers.

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 8,000 newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free