Alton Evening Telegraph from Alton, Illinois on August 22, 1963 · Page 3
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Alton Evening Telegraph from Alton, Illinois · Page 3

Alton, Illinois
Issue Date:
Thursday, August 22, 1963
Page 3
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Page 3 article text (OCR)

Atfotf Protests Million Dollar Increase the Gfatitte City Steel Co., inrg- cat single taxpayer In Madison County, today announced It is t>ny- ing a i»Hlon of its current properly InXbs under protest. The protest WHS mnde to protect the company against nn "arbitrary and unjustified" addition of $1 million to its assessed valuation ns established last year by the Madison County board of re- View, a company spokesman said. Nicholas P. Veedor, chairman of the board and president of Granite City Steel, said the board last year Insisted on over - riding a formula used since 1959 to ensure that additions and Improvements to Granite City Steel's plant arc valued annually "on a consistent and understandable basis." To Bring Order Veeder said the formula was originally worked out by agreement between the company and the Granite City Township assessor "to bring order into the chaos caused by the lack of a uniform, county - wide system tor making industrial appraisals in Madison County". The formula "has operated in the public interest" and pointed out that it has led to Granite City Steel's assessed valuation being Increased more rapidly than that of any other large plant in Madison County whicli contains much of the St. Louis area's heavy industry, Veeder said. The board of review established a 1962 assessed valuation on the plunt and other taxable properly of Granite City Steel and Its wholly - owned subsidiary companies thai: totaled $51,698,9.1.0. Property taxes on that assess' mcnt, due at this lime, amount to $2,030,090. This is the firsl yeai that billings to any Madison Couir ty taxpayer have I'eached the $'< million mark. Departed From Formula Veeder said the Madison Coun ty Board of Review departed from the formula and the use of a cost of-conslruction factor in assessing new facilities at Granite City Stee when two of the three members of he board, as it was constituted nst year, voted to add $1 million o the 1962 valuation that the Nameokl Township assessor had ilaccd on Granite City Steel's Mast furnace facilities. The properly tax now due on hat additional $1 million amounts o $34,600. For legal reasons, the objections Granite City Sleel is fling lo certain lax rales wilh Its payments to the collectors in rhnlte City and Nameokl Townships, where most of its property s located, must cover all rates leld to be illegal. raid 1'nrt This could have tied up the pay- nenl of $289,601 of the company's current taxes to four public bodes — the City of Granlle City the East Side Levee District, Mad son County and Nameokl Town ship. However, Veeder said, Gran le Cily Sleel is prepared to enter nto an agreemenl or stipulation wilh each of the four so they cai 'ccelve all bul $11.95 per cent, 01 $34,600, of the taxes paid under irotesl. Veeder said Ihe company in tends lo "hold lo a minimum Ihe inconvenience suffered by any o tliese taxing bodies from a situa lion not of their making", He said company will actually recov er only the $34,600, broken down as follows: $20,789 from taxes due the Cily of Granite City, $11,995 from taxes due the East Side Levee District, $1,247 from taxes due Madison County, and $569 fron taxes due Nameoki Township, Chevrolet Unveils New Line for 1964 DETROIT (AP) — Chevrolet which won the auto sales rac tills year, today unveiled its 196 models, including the Chevelle— only new entry in the automoliv •field. Chevrolet said its car would be built in five lines and 4 models in the 1964 run. Hayner Adding LP Record Of Shakespeare's Plays The Alton Hayner Public Library is collecting a complete library of Shakespeare's plays on long playing records, it was announced today. Currently, the collection includes "Macbeth", "Hamlet", and "Antony and Cleopatra." The library is adding two classics in the living literature series to its record collection, "The Writings and Speeches of Abraham Lincoln," read by Raymond Massey, and "-The Trial of 'Socrates and Two Dialogues of Plato," Read by Thomas Mitchell. David E. Holt, Librarian, said the library will begin its fall film program this year in September with a showing of color films spotlighting various parts of our country. They will be shown in the library on Saturday, Sept. 21 at noon. Adults and young adults are invited. Hayner films programs for the coming year will include a children's film showing on the first Saturday of each month beginning Oct. 5 and an< adult program shown on the third Saturday of each month. The children's films will be shown at 10 a.m. and 2 p.m., the adult films at noon. Free films for groups can also be obtained at the library. Jakel Go. Must Bargain With o Teamsters Union The Jakel Mnnufactuing Co. of Highland has been ordered by the National Labor Relations Board to bargain with Local 525 of the Teamsters Union. The ruling states the company must re-offer employment to striking employes and must bargain with the union. The 24 employes of the company went on strike in April after the company refused to bargain with the union. The four-month strike was ended recently. IN WOOD RIVER ACROSS FROM POOt AND HIGH SCHOOL mmmmmmm •I ft 1U SPECIAL COUPON 10 CARROLBURGERS $ 1 EVERYDAY $1.50 VALUE ANY NUMBER OF ADDITIONAL CARROLBURSERS JUST I0« EACH T VALID Prl., Sat., Sun.—Ailg 28, 24, 25 mmmmmmmmmmmmmmm. mm T SPECIAL , OOLDE FRENCH FRIES EVERYDAY f 1.20 VALUE ANY NUMBER OF ADDITIONAL ©OLDEN FRIES JUST lOc EACH YAUD Frl,, Sat., »»• «4, 25 SPECIAL COUPON f ! TRIPLE j THICK SHAKES EVERYDAY $140 VALUE ANY NUMBER OF .ADDITIONAL TRIPLi THICK SHAK65 jyST .IBs. & ? YAWP J'Hi Sttt., 8un.'-Aug,jl8» Wi 81 104 W, THIRD ST. ALTON HO 5-8851 OPEN YOUR BACK-TO-SCHOOL CHARGE ACCOUNT NOW... NO MONEY DOWN, $5.00 PER MONTH BUYS $100.00 IN MERCHANDISE! SPECIAL! BACK-TO-SCHOOL PURCHASE OF FAMOUS ALGENE SPORTSWEAR SPECIAL PURCHASE! Boys' si'/c 6 to 18 JACKET SALE FINE FAMOUS NAME COTTON DRESSES 2 for «iprf *5 Regular 11.98 Value 7 • Poplins • Nylon Quilts • Corduroys Every single coat superbly tailored for custom-like comfort with knit collar.and zip-off hoods. All fully quilted lined. Compare these outstanding Dresses at 3.99 •f-. She'll be all dressed up for her classroom capers in r" these full-skirted dresses of no-iron cottons. Choose '; from bright apple polishing colors and gay woven -\ plaids. Sizes 7 to 14. SPECIAL PURCHASE Famous Claymore BOYS SIZE 6 TO 18 COTTON CASUALS 2 '° r $ 5 Compare at 3.99 Look sharp, feel sharp in Keen Casuals in Ivy styling. Regular and slim styles in rugged wash 'n wear fabrics. SPECIAL PURCHASE! Girls' 6 to 14 100% Cotton SPRINGMAID SLIPS -1 25 Compare at 1.98 Famous Springmaid wrinkle- resistant cotton. Made of Pollysheen in Everglaze. Your Choice Straight Skirts 4 Pleat Skirts Turtle Neck Sweaters Cardigan Sweater* Tapered Pants jS- SPECIAL PURCHASE Famous Claymore Shirts Long or Short Sleeve 2 for $3 • -. ' ' ii r Sanforized, lightweight, wash 'n wear cottons. Plaids, solids and figures, Sizes 8 to 18, SPECIAL PURCHASE! Girls' 4 to 14 100% Interlock PANTIES 2 f01 85c Compare at GUc Euch Cyana finished to prevent excessive shrinkage. Stock-up at Ibis low price. SPECIAL PURCHASE Men's Orion — Wool Laminated SUBURBAN COATS Regular 81,05 Value Can't be beat for good looks, warmth and long wear — and at a thrifty price, too! 80% Orion AcryliP, 20 <& wool outside gives smart appear ance, SPECIAL OF FALL'S FAVORITES! LOAFERS FAMOUS NAME BRAND CHILDREN'S SHOE SALE 4 88 Compare Up To 8,99 P»irl t Sizes 8'Vfe to 3 f Width. A'B-C.D Regular To 7.00 Value Sizes 4V& to 10-8 51/3 to 7 to 0—AAA 2 PAIR 9,50 Girls' loul'ers — strolling comfort in fall fashion In four smart sllpon stylos, one low price, New cordo and waxhlde leathers.

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