OCR Text |
Show v 4 4. V m - rN- fcH- - - - - ' ts V ' " 'r "nr e or e V 4A . e- Railroads Study, DESERET NEWS AND TELEGRAM, Salt lak City, Wednesday, February 28, 1962 - TAXES Continued from First Page to have no taxable Income at the end of the year. Rep. John W. Byrnes, Republican tax expert and chairman of the House GOP Policy Committee, denounced this as a "legislative monstrosity." He said it would work injustice on milliona of persons who owe no taxes or Jess than the amounts that would be withheld. Revamp In Labor Praciice ; ' t Continued from First Peg serve only as 'a basis for further collective- bargaining, since mediation efforts by the public members failed. The commission sided with the nations railroads on the most dramatic point at issue whether the 45,000 firemen-helper- s of engineers on diesel locomotives in freight or rail- road yard service should keep - -- ' t TAX RELIEF FOR BUSINESS The bill would allow industry, business proprietors and farmers tax cuts ranging up to $8 for wery $100 spent for their Jobs. , i ' ( - The, railroads said that if they could eliminate firemen on all but passenger runs they could save about $250 million a year in wages The unions insisted the firemen were needed on all diesels for safe--; tys sake. But the carriers maintained- - they - were and a major example of "featherbedding." The report proposed that no new fireman-helperbe hired, that those with 10 or more years seniority be kept on with full job rights, but those with less time be separated or furloughed with up to a years no tice and dismissal pay based on length of service. income-producin- machin- g ery, equipment and other tools. Retroactive to last Jan. 1, this would cover outlays for many items, including breeding bulls s bought by farmers and bought by writers. The provision Would type-writer- free-lanc- e result in an estimated $1 bib Lon revenue less In the next fiscal year. , Republicans wei-- e lining up behind an alternate - plan which they said wotild lose much less revenue but provide tax relief for a wider segment of business. The GOP plan would provide an acceleration in depredation allowances and would allow retailers - and wholesalers to claim tax deduc-ion- s geared to their Inver tories. FOREIGN INCOME Thf bill would tighten tax treatment on foreign earnings of Unowned corporations operating abroad. They now can defer payment of U.S. income taxes on foreign earnings until they are brought back to this country. One new provision would deny tax deferral in the futttrd on accumulated earnings unless they are ploughed back into the same business abroad, or invested In underdeveloped countries. A DVIKT1SEMSN T Cash for Contracts If youve aold your home on contract, you can convert your contract to cash through a special service available at Prudential Federal Savings. For complete information phone Mr. Rieben at HUnter or visit him at Prudential Federal Savings branch office home loan headquarters, 33rd South and State Sts., Salt lake City. Iron First Page t Continued V era! court berg next Monday. Maximum pialty on conviction would be five years in prison and a $10,000 fine, on each count Bidwell was the firstranking exchange official to be named in a criminal action in more than two decades. The last was Richard A. Whitney, a prominent broker - sportsman from and exchange-preside- nt 1930 to 1935. Whitney pleaded guilty Jn 1938 to charges of stealing $214,000 from funds in his custody and was given a sentence. Whitney virtually dropped from notice after emerging from Sing Sing Prison after serving nearly years. ' However, the financial world has been jolted by recent Securities and Exchange Commission (SEC) criticisms of tradthree-and-a-ha- f-- New'YorkflJN t -- change.' Impcrtantllnvs! People 50 to 80 Let us tell you' how you eta still apply tor a $1,000 life insurance policy Ip help tale care of final expenses. Once your applies-"-tio- n is approved, the policy can be carried for the rest of ypur life. Handle entire transaction by mail with OLD AMERICAN, the company that helped pioneer, insurance for aeaior Americans. No one will call! V ' ad this and mail it out Tear today with your name, address, and year of birth to Old American Insurance Co., 4900 Oak, Dept. L259, Kansas City 12, Missouri HANCO FURNITURE NO MORE s -- lng practices mi the American Stock Exchange Amex)( which ranks second In size to the BIDWELL Rep. Charles Halleck, center, beams happily as he gets autograph from Astronaut John Glenn at a Capitol Incheon in spaceman's honor. Rep. of space committee, right. George Miller DEFROSTING Glenn Cites Capabilities Of Man e sub-orbit- could see the stars to navigate by ip daylight. Glenns flight showed that a fix could be taken from the stars during such conditions, Shepard said. In his comments, Glenn advised young Americans who want to take part in the space program to get the finest general education they can. It will require large numbers of highly trained people to establish U.S. leadership in space, he told the senators. Asked what a young man can do to prepare himself as a space pilot or space technician, Glenn said: BIG "My best advice is . . , just-ge- t the finest, good general education you can. "Let their own talents guide them into the particular area they should be In. Fw; the near future, Glenn continued, astronauts probably will be selected from among test pilots. The space program needs "take-charg- e type of men who can handle emergencies and difficulties with the spacecraft, he said. But when bigger rockets can loft larger capsules into space, different skills may be needed for the program, he said. sej , in Galley, Make n?Z0u th, salt lake I ,UBeLlly FREEZER ROLL-OU- T irect fQ IN THE EVEN Continued from First Page a real new element He did not elaborate Glenn told the committee that in daylight, he could sej high magnitude stars when the small part of the space horizon. capsule was above-thControl difficulties after the first of his three earth orbits prevented more refined observation of the laylight stars, he said. Shepard, whose flight Hfelped pave the way for Glenns achievement, said that there had been some question whether an orbiting astronaut Ho, load NOW IS THE TIME TO TRADE 'Yes, you get $150 or more for your old refrigerator NO CASH JSSL 1 1 REQUIRED Use Your Old Refrigerator As Down Payment S' V Model BG ult 13-- T ICE E HANDY SERVER . . . Simply flip trays over to eject cubes. V j3 ' ADJUSTABLE SWING-OU- T SHELVES Brings even ths food in back right out front. Adusts up and down when loaded Shelves lift out for easy SALE PRICES on All '61 Models Prices Start at 1 79 for ice cream, meats, vegetables and leftovers. FREEZE-N-STOR- ... room for more. V AUTOMATIC TRULY DE- FROSTING . . . Get rid of frest as quickly os it appears anywhere in the refrigerator or the freezer. big roll-o- FREEZER . . . Holds T 4 to huge supermarket bags up of frozen foods. Plenty of room ROLL-OU- I D ... bag after another there's cleaning. WT SPACIOUS FRESH-FOOSE TION Empty one shopping ut G.E. 19" PORTABLE TV OUTPERFORMS Here's the one suit IT'S thc, , AND FREE FROM TROUBLESI incorporates everything that's new for the season. JFull V He'll be well dressed for every occasion. Slim, trim natural shoulder ALL OTHERS , Power Transformer One Year Warranty on Parts & Tubes $5.00 Down, $7.50 Month OTHER G.E. MODELS AS LOW AS single-breaste- d Choice of wool worsteds, plains, herringbones or orlon acrylic and wool blends. THE BEST G.E. WASHER EVER BUILT" Olive, black, brown, charcoal, grey, solid and subtle patterns Alterations tree, of course Washes a big load . . . medium, 6 to load, or just a handful of clothes all equally well in just the right amount of water. All you do is push the button for the desired load. 12-l- Lay away tor Easter, $5.00 down will hold your selection 60 days. Buy one for a gift we will alter free or exchange for you later. size b. 8-l- ... ... b. Special 2 Sale Price Use your eld per month. for slims sizes 13-2- 0 add 1.00 Time, Work, Hot Wator bnprovoj Activator Walking regulars, slims Smoother, qunter, get cleaned Powerful new 29 WE CAN FIT YOUR BOY husky washer as down payment. $8.00 cloth loptlwl Remove Clean action gets every Item la giant 1 3- - dean. pound FUtets-ri- a lint, earni, Syiton tpap. tcum. and redeont wedi water. Pits Like "it a Klftkoo IvMt-l- n 169, OTHER MODELS AS LOW AS size, 32.50 CLOSE-OU- T ZCMI BOYS JR. BOYS Street Floor PRICES, 701-70- SO. STATIST. 3 DA 2-- 1 fa. 63$ r 41 i At rr . ON ALL 1551 :tr imod:l$! n tJVWN. f |