The Courier News from Blytheville, Arkansas on December 21, 1953 · Page 6
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December 21, 1953

The Courier News from Blytheville, Arkansas · Page 6

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Location:
Blytheville, Arkansas
Issue Date:
Monday, December 21, 1953
Page:
Page 6
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BTri'HBVTLLE (ARK.) rOUHTRR NEWS JRJW5AT, DECEMBER 21, IfW Business Trends Highlighted In Sale of Yankee Stadium By CAM DAWSOM NEW YORK (AP) — Sale of the Yankee Stadium here and the Kansas City Blues' p»rk in Missouri highlights today three trends in the business, world, One is the flight from high taxes — property, income and inheritance. Th« second is the .growing role ef K new type of investors—those putting pension and insurance funds to profitable work. A third is the growing: tendency for real estate to be owned and managed by real estate investment specialists, thus freeing manufacturers, store keepers, or bull clubs from the complicated problems that ownership presents. The Yankees, in becoming tenants rather than property owners. are following a long line of similar business deals. In recent years many department stores have sold their build- ings, usually lo insurance companies, and then leased them back. Severn! large corporations have sold (heir office buildings and rented them buck. deduce Rent Their bookkeepers find the stores and corporations Bain In the ions run. They stop paying property taxes—which in most Instances have been mounting with the , yours. They hnve ready cash to I put in their business. And, prob- 'ably nio.st important, they can deduct the rent they now pay from gross earnings before taxes, as a legitimate operating expense. • Corporale income taxes are KO [high now—52 per cent of earnings {for ordinary corporations, and up lo 70 per cent if they come in the excess profit rla.^s—(hat anything that can cut gross earnings shows up as a big savings in income tax payments. The Inheilnnce tax is also play- in'.,' an increasing part in the sale 1 of property. Estates must be made j liquid or the heirs may one day I find themselves forced to sell, at a bis loss, (he property they In- Ilierit, to get cash ruiickly to pay the big death levies. Exponent of Indian Culture Sets Smoke Signals in Type Kl, itRNO, Okla. — (NEA) — ( nn]s." And he does his creating at chine, letting hli thought* dlrtoily into typo. In his school days, Beard w«« it letter-winning athleU, »speclally prominent In football. Later, he CLIPPED FOR CHRISTMAS-Nan McEvoy, a Junior at New York State Teachers' College in Albany, is having trouble finding • hair to comb on the shining head of James Stlllwell. a fellow •tudent from Poughkeepsie, JN. Y. In need of money to buy a Christmas present lor his girl, Slillwell bad his scalp shaved and Charged admission to students who wanted to watch. Twenty-six •tudents donated a quarter each to watch the exhibition. Slillwell BOW has the money for the present, but his gal doesn't like the cool hair-do. Why not treat yourself like a guest ? 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WALNUT PHONIC 2.LI1 Ralph Bnnrfl is "n Indian of oll.lhc keyboard df the linotype ma- 1 C ,,I VPC I considerable note throughout trades. The Cheycnne-Arapaho Is a | .. . - _ combination dancflr-prlnter-wrltcr- palntcr, and you never know what he's liable lo do next. StrniiKely, although he's one of America's leadinR Indian dancers, he speaks very little of his native tongue. Yet lii.s interpretation oi the ceremonial dances of his people are so expert that he's been elected n direclor of the American Indian Exposition at Anadarko. But dancing is only an avocation with Beard. He makes his llvinl? .setting type for the El Reno American. He went to Indian schools and learned the printing trade at the Chilnceo Indian School. He's been a linotyplst on several Oklahoma newspapers, Nowadays he ocs more than set other writers' copy. He sets his own. Beard writes a weekly column for the American, "Smoke SiR- th« (outhwert. It Is through his art — or arts — that Beard derives most happiness. He delights in Interpreting his people In paint and dance. He spends many hours Informing the American people of the many kinds of Indian dances — and i\lso in reviving interest In Indian customs among the Indians tnemselvei. "Indian days are dwindling !»•»," 'Beard says. And he's on* BidlM who is doing his best to keep th« traditions of the past »ltv« . Read Courier News Classified Adi. YOU SAVE TODAY IF YOU LAY-A-WAY! YOUR CREDIT'S FINE SMART BUDGET GIFT y:^<™ eU «' 1 lH * fU^ VB8i 'u e i»* e ^ tt ' "^-*- •£&** . ,_ /ma- ci»'° $49 R75«P Bu tova , B^t« s , 0g^ GolU^ U? FITZPATRICK BLYTHEVILLE J ° SCE ° U "IT TAKES ONLY 3 MINUTES TO OPEN A CHARGE ACCOUNT" J . -

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