Alton Evening Telegraph from Alton, Illinois on June 5, 1963 · Page 3
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Alton Evening Telegraph from Alton, Illinois · Page 3

Alton, Illinois
Issue Date:
Wednesday, June 5, 1963
Page 3
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WEDNESDAY, JUNE 5, 1963 ALTON EVENING TELEGRAPH PAGE THREE RAZING GULP SCHOOL A water pump and wooden framework is all that is left of the old Culp School. The building, sold at public auc- tion a few months ago, is being torn down and the uscable materials salvaged for sale later. NEW SCHOOL ADDITION Three officials of Bcthalto Community Unit 8 are shown looking at construction work on the four-room addition to Forest Homes School. The addition will accommodate students that would have had to gone to the old Culp School. From left are: Hermit Harden, superintendent; Neil Claussen, principal of Forest Homes School; and Joe Higgins, principal of Bethalto Grade School. // Illinois Had It... State Income Tax's Effect Shown by SIU Profs Study An income tax in Illinois could produce from $160,700,000 to ?685,200,000 a year, depending on what state (or federal) graduation pattern it followed, indicates Prof. Leo Cohen of Southern Illinois University's public administration and metropolitan affairs program. Prof. Cohen in the second of a series of studies on public problems, seeks to show hypothetical results of a state income tax, based on patterns already being followed in six other states, of on a percentage of Income tax collected by the federal government out of Illinois. The $160 million sum would be based, his report says, on the pattern established by California's income tax; the $658 million under Oregon's pattern. A Wisconsin pattern would produce $550,800,000, New York's $426,800,000, Minnesota's $395,500,000, and Missouri's $165,400,000. A 10 per cent tax based on amounts paid in federal income taxes would produce $295,100,000, Prof. Cohen estimates. Bid; on Sam's Share Prof. Cohen points out that since state income taxes would be deductible from federal income taxes under present laws, they would, n a sense, consist merely of taking a bite out of Uncle's Sam's share of the tax dollar. His studies, he said, indicated a much-less-even dlstrlbu- ton of personal incomes in Illinois and New York than in some of the other state's studied. "The problem of estimating hypothetical tax yields," says Prof. Cohen, "is difficult—but, nevertheless, not impossible within certain limits. "It is evident that the revenue which Illinois might derive from a slate individual income tax would depend upon such variables as the magnitude and distribution of its personal income, tax rate structure, definition of the tax base, and related provisions concerning exemptions and deductions. "What was attempted herein was to first relate the personal income of the six selected states and the corresponding state individual income tax collections. "Then the ratio of the personal income lux income in Illinois for the same year relative to each of the states, multiplied by the given state's tax collections, was the means for making the first approximation of the amount of tax that Illinois might obtain. Adjusted for Differences "These estimates were then adjusted for differences in distribution of income between Illinois and each state and the degree of progression in the state income lax law." Differences between the amounts obtainable under California iincl Oregon patterns, he pointed out, result from the fact that "Oregon has a highly progressive tax rate structure, and California does not and has a substantial dollar figure as & personal exemption and credit for dependents." Oregon's tax, for instance, be gins at a 3 per cent rate on incomes up to $500 and ranges up to 9.5 per cent on those above $8,000. By contrast, California's begins with 1 per cent on incomes up to $2,500 and ranges up to 7 per cent in the $15,000 brack- el. Oregon's exemptions are based on $1,200 for the head of a family and $600 for each dependent. California's on $3,000 for the head of a family and $600 for each dependent. Holsleiii Club to Stage Annual Picnic The West Central Holstein Black and White Club will have their annual picnic dinner at the farm of Jim and Liz Beane on Walsh Lane in Godfrey on Sunday. Members and friends are invited to attend. They are requested lo bring a basket lunch and table service. Iced lea, milk and ice cream will be furnished. MayPermits Show Home Building Up Home building in Alton showed the first definite upturn of year in May when city permits were issued for nine dwellings to estimated cost of $145.000. In the 4-month period. January through April, only 11 permits for new houses to value of $173,300 had been taken out here. May brought a renewal of interest on part of home builders, but the pick up in constructional activity failed to extend to commercial structures. Oilier than dwellings, wholly new construction last month comprised only one business building, $5,695, and 5 garages or carports. $3,150. May's projects also included 11 additions, aggregating $43,200, for dwellings, but none for business buildings. Repair projects, 28 in number and totaling $20,448 in cost, included only one at $1,000 applying to a commercial structure. The May report of City Building Inspector James G. Bennett shows that the total volume of building activity in Alton for the first five months of 1963 is sligh- ly greater than in the corresponding period of 1962. The total estimated cost this year under 224 permits is $1,271,203, while last year, under 283 permits, it was $1.231,907. The volume of wholly new construction thus far this year has more than doubled last year's showing. This year 43 permits have been issued for structures valued at: $934,010; last year 58 permits were issued for buildings to cost $436,010. Additions to buildings thus far in 1963 have been of far less average value than last year. This year 33 permits have been issued for additions to cost $119,000 while last year 29 permits were issued for additions to total of $560,350. Permits issued 1 in May for new houses included the following: Frank Yinger of 2349 Virden St., 1-story brick veneer duplex of two 3-room units to be erected at 213135 Central Ave. Edward Schmidt ot 3760 Aberdeen Ave., for 5-room brick veneer house at 2912 Utah Place. M. Glen McElyea of 3214 :harlotle for S'/i-room frame dwelling at 3224 Charlotte Court. Don Shearburn of 3612 McArthur Blvd. for dwelling at 3550 McArthur Blvd. Ralph E. and Edith Dorsey of 3200 Clifton St. for 5- roont frame residence at 1916 Terrace Drive. John J. Hagan of 216 S. 13th, Wood River, for 5- room frame at 3103 Fernwood Ave. John Johns of 3404 Oak Ave. and Wilson Construction Co. for 5'/2-room brick veneer residence at 3413 Oakwood Ave. Smith Construction Co. for 5y 2 -room brick veneer dwelling at 3113 Mission Road. To Give Chalk Talk At Melville Church A chalk talk will be presented by Mrs. Walter Collins at the Melville Congregational Church Women's Fellowship at 7:30 p.m. Thursday in the church social room. Mrs. Collins will draw "The Sower and the Seed" for illustration. Mrs. Harriett Collins and Mrs. Barbara Wedding will sing a duet. The Junior Women's fellowship vill meet at the same time. Reports Break-In at Doll House Harold Bean, superintendent of Parks and Recreation, reported to Alton Police this morning that the Doll House in Haskell Park had been broken into. had shoved the door open and had taken a partially-filled paint can. ALGIERS — Air Algerie has been proclaimed the country's Bean told police that someone national airline by Algeria. Battery Stolen Lawrence Mead, 2817 Sunnyside Ave., reported a battery sti! en from his car, parked in front of his home, between midnight at 8 a.m. Tuesday. S375 Guitar Stolen From Automobile Theft of a S375 guitar from an at a bowling alley and left the!* automobile in Alton about three ; c ar unlocked. The guitar was gone weeks ago was reported to police: Tuesday. Mrs. Betty Lovelle of Godfrey)to tell her of the theft until Tues- said her son and a friend stopped I day. she said. ;when thew returned to find the car ransacked, she said. The son, Raymond, was afraid WATCH FOR I), Fabrics SENSATIONAL TOMORROW'S TELEGRAPH EVERY THUNDERBIRD... HARDTOP... LANDAU... SPORTS ROADSTER... CONVERTIBLE IS WARRANTED FOR 2 FULL YEARS OR 24,000 MILES! Here's proof of our CONFIDENCE IN THE CARS WE SELL You simply can't get better warranty coverage* on »n American-built car! Some warranties claim to run for a longer time, but they cover only part of the car. Nobody gives you longer coverage on every part of the car than Ford I We back 'em to the hilt because they're quality-built! Come see, come sample this kind of quality today! *Ford Motor Company warrant! to Hi dsalars, and itc dtal«n in turn warrant to ownari, •I tollowi: That (or 24 months or for 24,000 mllas (3 month* or 4,000 mllas on 427-eu. tn. high-parformanca V-8 anginas and ralatad powar train componanli), whichavar comaa tint, traa raplacamant, Including ralatad labor, will ba mada by dsatars ot any part with a dafact in workmanihip or matariali. Tiras ara not covarad by lha warranty; iopropriata •diustmsnts wilt ba mada by tha tlra companiai. Ownari wltl ramain retponilbta for normal maintananca larvicas, routina raplacernant ot parts, such as (iltars, spark plugs, ignition points, wipar btadas. braka or clutch linings, and normal dstarioratlen of soft trim and apcaaranca Hams. Tha warranties lalarrad to harain ara applicabla lo products sold In tha U. S, A, and in cartaln neighboring araas. YOU GET A BETTER CHOICE FROM YOUR CHUCK DIERING FORD SALES, Inc. 14QO Eatt Broadway r.o.A.r. $5 PER MONTH BUYS 8100 IN MERCHANDISE! NO MONEY DOWN! "^/^»- ^^ junecxfra value SPECIALLY PRICED FOR THIS SALE FROM OUR REGULAR FAMOUS-NAME STOCK Cotton Stripe SEERSUCKER DRESSES £• for REGULAR 5.99 VALUES! Sizes 10 to 20 and 12 y 2 to 22J/». 104 W. THIRD ST. HO 5-8851 Alton's Best Department Store! DISCONTINUED STYLE FAMOUS-BRAND NAME STRAPLESS BRAS and LYRCA GIRDLES OFF REGULAR PRICE! Top quality famous maker bras and girdles to put you in shape for summer. At 50 f y savings. Broken si^es and styles — So hurry in for best selections.

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