OCR Text |
Show V Page . Two " ..: ".: . FRIDAY, JANUARY 13, 1961 THE SALT LAKE TIMES r 4 ... ' , , I 9 President-elec- t Kennedy is determined to make a major ef-fort to lick the deepening busi-ness decline inherited from the Eisenhower administration. In tackling this major task to put nearly 5,000,000 idled work-ers back on the job, Kennedy will have the unexpected assist-ance of Soviet Chairman Nikita Khrushchev and Red China's Mao Tse-tun- g. Kennedy realizes that he will have to deliver on his campaign pledge to end growing unem-ployment, or risk losing the sup- - defense spending splurge of the Eisenhower administration is ex-pected to reach a near record peacetime figure of almost $30,-000,0- 00 in new defense contracts which is welcome news to many busineses struggling against the recession. This figure is to be even more drastically increased under Mr. Kennedy's first budget, which is yet to be proposed. Kennedy favors going far be-yond what he regards as the penny pinching economies of the Eisenhower Administration in port of the army of the unem-ployed and their families who, for the most part, opposed the "Ins" and helped send Ken-nedy to the White House. Kennedy, who regards himself as "another FDR," also knows it was the late President's efforts in attempting to solve the problem oTU. S. employment, during the depression that won him the sup-port of many millions of working Americans, even though coming of the Second World War, and not the alphabetical agencies turned the tide of unemployment in the Thirties. Right now the Cold War and a new wave of rearmament for the hot war the world prays will never come, promises to aid the U.S. to climb out of its economic slump. However, Kennedy and most responsible Americans realize that defense spending is, at best an undesirable basis on which to base economic recovery, and a score of studies now seek long term solutions. In the meantime though World Communism is once again oblig-ing the Capitalism it would de-stroy by its aggressiveness in Cuba, Laos, "the Congo, etc., and in the world at large. An immediate effect of the strengthening U.S. defenses to an even greater degree. Khrushchev, Mao, Castro and Co., by their new wave of in the Congo, Laos, Cuba, etc., are not only creating, a climate in which greater de-fense spending will be accepted in the U.S. Our Allies in western Europe are for the most part also planning a strengthening of their own military establishments and ,he free world NATO and SEATO alliances are also contemplating vast and costly expansion with the Cold War's winds blowing chilly from the East. Kennedy believes that if the Soviets are made aware of U.S. determination to "negotiate from greater strength," Moscow, also feeling the pressure of military spending, will take a more con-ciliatory approach to the differ-ences between East and West but lie is flatly opposed to entering into important Summit negotia-tions with Khrushchev, etc., with out a greater increase in Free World military power to back him up. Kennedy realizes that Presi-dent Eisenhower enjoyed the prestige of his military reputa-tion in negotiating with Russia, which he will not enjoy. Ken-nedy will have to speak and ne- - gotiate from strength. While he consolidates his ad-ministration at home, Kennedy intends to give the State De-partment's diplomatic machin-ery wide latitude in negotiating with the Soviets, or in preparing the way for pre-summit- ry at lower levels, while U. S. mili-tary power is being beefed up. At the same time Kennedy and many others are also aware of the dangers in an increase in military spending. It could encourage the Com-munists to strike for big gains now before the U. S. and allies have strengthened the military posture, particularly their ability to wage "small non-nucle- ar war-ware- ." A new arms race could wreak havoc with the U.S. Bud-get and national debt, which is why Kennedy is also giving at-tention to cutting duplication and waste in the Pentagon. It increases the danger of "acci-dental war," which is why Ken-nedy is also placing great stress on "one more last great effort" tn renrh "Fnst.-Wes- t. Hisarmampnt worsening of East-We- st relations since the U2 spy plane collapse, etc., is that the country is in a mood to spend greater sums on U. S. military defense. The Eisenhower administration made deep slashes in U. S. de-fense spending while seeking to woo Khrushchev during his visit to the U.S. in 1959, now has re-versed itself, and before Mr. Eisenhower leaves office he is expected to recommend an even greater increase in military spending, already at a record level, that cannot fail to be felt in virtually every segment of the economy. Mr. Kennedy declared while campaigning that he believed the U.S. should "postpone" efforts to negotiate a Cold War settlement with the Soviet Union until it strengthens its defense estab-lishment and can negotiate from a position of greater relative strength with the USSR. When Kennedy formally takes over the executive branch- - of government he is prepared to propose a drastic increase in U.S. defense spending certain to be felt in every segment of the U.S. economy. Even before Kennedy takes inaugural oath the Pentagon, under White House instruction, is already releasing a massive 4 billion dollar increase in new orders for arms that will give U. S. industry a powerful boost in the months ahead. The Pentagon now is negoti-ating defense contracts at a rate of nearly 20 per cent over a year ago in virtually every category, with the aircraft, missile, elec-tronics and shipbuilding indus-tries and their sub-contracto- rs, receiving the largest amounts. The net effect of this final s agreement. In the meantime, however, the trend is unmistakable. A big increase in defense spending by Kennedy appears about to begin and while no one proposes arms spending as a long term econom-ic subsidy, increased arms buy-ing ahead should accelerate the U.S. recovery from recession. Tax Collector Explains Types of Forms The three tax forms provided for individuals in filing their 1960 federal income tax returns were explained by Roland Wise, director of Internal Revenue for the Salt Lake City District. Mr. Wise said the following requirements are furnished to aid taxpayers in selecting the form that best suits their needs: Form 1040A. This is the easi-est form if a taxpayer is eligible to use it. One of the special features is that if his or her in-come is less than $5,000, he or she can choose to have the In-ternal Revenue Service figure the tax. He may use this form if: 1. His gross income was less than $10,000, and 2. It consisted of wages re-ported on witholding statements and not more than $200 total of other wages, interest and divid-ends, and 3. He wishjes to take the standard deduction (10 per cent of his income) instead of item-- , izing deductions. Form 1040W. This is the new streamlined form. A taxpayer may use this form if: 1. His income consists of sal-ary, wages and similar compen-sation regardless of amount and 2. Not more than $200 of div-idends and interest, and 3. No other items of income. Form 1040. This is the regu-lar four page form which may be used by any individual re-gardless of the source or amount of his income. Taxpayers who have questions on this subject may get Docu-ment No. 5107, "Filing Your Tax Return" at Room 366 of the Federal Bldg., Salt Lake City. "If you have any other ques-tions about your federal income tax return, telephone your local office at EM 2," he said. County of Salt Lake, State of Utah. THE GREENWICH SAVINGS BANK, a corporation, Plaintiff, vs. JOSEPH W. CHASE, aka JO-SEPH W. CHASE, JR., MA-RIE K. CHASE, et al., Defendants. To be sold at Sheriff's Sale at the west front door of the County Courthouse in the City and County of Salt Lake, State of Utah, on the 7th day of Feb-ruary, 1961, at 12 o'clock noon of said day that certain piece or parcel of real property situate in Salt Lake County, State of Utah, described as follows, to-wi- t: "All of Lot 26, Carole Sub-division Addition No. 2, ac-cording to the plat thereof recorded in the office of the County Recorder of said county. Together with all water rights, rights of way, easements, tenements, her-editaments and appurten-ances thereunto belonging or anywise appertaining." Purchase price payable in law-ful money of the United States. Dated at Salt Lake City, Utah, this 11th day of January, 1961. GEORGE BECKSTEAD, Sheriff of Salt Lake County, Utah. By Harry Holley, Deputy Blaine V. Glasmann Attorney for Plaintiff Date of first publication Janu-ary 13, 1961. (1-1- 3 2-- 3) SHERIFF'S SALE ORDER OF SALE No. 126675 In the District Court of the Third Judicial District in and for the NOTICE OF HEARING No. 128962 In the District Court of Salt Lake County, State of Utah In the Matter of the Voluntary Withdrawal of WALKER EN-GINEERING CORPORATION. NOTICE IS HEREBY GIVEN that an application for with-drawal from the State of Utah as a foreign corporation has been filed in the above entitled court by Walker Engineering Corpo-ration, and that by order of said court, hearing on such applica-tion will be held in the above entitled court on the 3rd day of March. 1961, at the hour of 10:30 A.M. Dated this 11th day of Janu-ary, 1961. ALVIN KEDDINGTON, Clerk (Seal) By Jacob Weiler, Deputy (1-1- 3 2-1- 0) NOTICE OF HEARING UPON APPLICATION FOR WITHDRAWAL No. 128948 In the Third Judicial District Court of the State of Utah in and for Salt Lake County In the Matter of the Voluntary Withdrawal from the State of Utah of VITRO CHEMICAL COMPANY, a corporation of the State of Delaware. Notice is hereby given that the application of VITRO CHEMI-CAL COMPANY, a corporation of the State of Delaware, for voluntary withdrawal of said corporation from the State of Utah, as presented to the District Court of the Third Judicial Dis-trict in and for Salt Lake County, State of Utah, now on file with the Clerk thereof, will be heard on the 3rd day of March, 1961, at 2:30 o'clock P.M. of said day, or as soon thereafter as the mat-ter can be heard in the court-room of the Honorable Marcellus K. Snow, one of the Judges of the above entitled Court in the City and County Building at Salt Lake City, Utah. WITNESS the hand of the Clerk and official seal of said Court this 11th day of January, 1961. ALVIN KEDDINGTON, Clerk (Seal) By Jacob Weiler, Deputy (1-1- 3 2-1- 0) SHERIFF'S SALE ORDER OF SALE - No. 124861 In the District Court of the Third Judicial District in and for the County of Salt Lake, State of Utah. THE PRUDENTIAL INSUR-ANCE COMPANY OF AMER-ICA, a corporation, Plaintiff, vs. VERD W. RAYBOULD and RUBY L. RAYBOULD, his wife, SHERMAN BROWN NEFF, RALPH CADMAN and MARY J. CADMAN, his wife, UTAH FINANCE COMPANY OF SALT LAKE CITY, a Utah Corporation, THE CONTI-NENTAL BANK AND TRUST COMPANY, THE STATE TAX COMMISSION OF UTAH, WILLIAM MULDER and GWENETH G. MULDER, his wife, Defendants. To be sold at Sheriff's Sale at the west front door of the County Courthouse in the City and County of Salt Lake, State of Utah, on the 7th day of Feb-ruary, 1961, at 12 o'clock noon of said day that certain piece or parcel of real property situate in Salt Lake County, State of Utah, described as follows, to-wi- t: All of Lots 25 and 26 Upper Yale Addition, according to the plat thereof recorded in the office of the County Re-corder of said County. Purchase price payable in law-ful money of the United States. Dated at Salt Lake City, Utah, this 6th day of January, 1961. GEORGE BECKSTEAD, Sheriff of Salt Lake County. Utah. By Harry Holley, Deputy H. H. Halliday Attorney for Plaintiff Date of first publication 13th day of January, 1961. (1-1- 3 2-- 3) Miscellaneous Notices i I US. SAVINGS BONDS I SOLD HERE II I BONDS SUMMONS No. 128874 In the District Court of Salt Lake County. State of Utah. STANFORD P. DARGER. Plaintiff. vs. C. H. RICKER and JANE DOE RICKER, his wife, whose other and true name is unknown, and MERCHANT'S BANK, a Corporation, and all other per-sons unknown claiming any right, title, estate or interest in or lien upon the real prop-erty described in the com-plaint adverse to the plaintiff's ownership or clouding his title thereto, Defendants. The State of Utah to the Above Named Defendants: You are hereby summoned and required to serve upon Backman, Backman & Clark, plaintiff's attorneys, whose address is 1111 Deseret Building, Salt Lake City, Utah an answer to the complaint within twenty (20) days after service of this summons upon you. If you fail so to do, judg- ment by default will be taken against you for the relief de-manded in said complaint which has been filed with the clerk of this court, and a copy of which is hereto annexed and herewith served upon you. This is an action to quiet title of the plaintiff and against the defendants to the following de-scribed tract of land situated in Salt Lake County, State of Utah: All of Lot 4, and the South of Lot 5, Block 1, CAPI-TOL AVENUE ADDITION, according to the official plat thereof. Dated January 6, 1961. ROBERT L. BACKMAN Of Backman, Backman & Clark Attorneys for Plaintiff 1111 Deseret Building Salt Lake City, Utah (1-1- 3 2-- 3) Downtown - close to everything tvit T ... 1 blk. from International Air- - lfif II port Bus Terminal. ' j 250 luxurious rooms with tile Hi. M'm baths. Fine food. Jjjjj AH DRIVE-I- N Motor Entrance ' bSIHrS Twin Beds $8.50 up Doubles $7.00 up BlJtJIJllB& Singles $5.50 up King Size Beds $9.00 up jntaAdt i Some fellows pay a compli-ment like they expected a re-ceipt. Kin Hubbard. I wonder why it is that we are not all kinder to each oter than we are. How much the world needs it! How easily it is done. Henry Drummond. |