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Show THE LEADER. Tremonton. Utah Thursday, April the time being we simply canINCOME TAX not get around to investigating all the reports flowing into our FAX office. However, as we complete the building of our Committee By PETER JAMES WIKEL staff we will try to properly Certified Public Accountant C4J MOOft.NU handle every tip, every report, ! 1 WCAMN MO I hope you have already filed every appeal that is being made upon us at the moment." He your 1956 Federal income tax gestured toward a high stack of return. An telegrams on his desk. On the thisIf not, then you should put aspaper down and get that desk of his administrative return in the mail before the office in an sistant adjoining was a still higher stack of tele- Post Office closes. If you find for some reason Senator John L. McClellan, grams and several h chairman of the United States stacks of letters. beyond your control it is for vnu Senate's "Select" Committee Several thousand communi- to the investigation cations conducting regarding the rackets yourcomplete into racket activities among ofFederal in- - M have been received investigation t9 ficials of certain labor unions, come tax return f McClellan. Each feels that the committee and by Chairman for filing by mail brings hundreds. staff will be engaged at least a day's of midnight, Mon-- . are from labor them Many full year in hard and tedious members registering vague day, April 15, work. "It is a job which none union or generalized complaints about 1957, then you of us sought," he said as he sat should request for an interview in his office the operation of their union. an extension of Some make of the letters specifon Capitol Hill. "But it is a job ic and detailed charges. They time in which to which all of us feel must be your return. are coming from states all over file carried on with dedication and the Extensions are country. whatever sacrifices are neces-ary.- " granted, Peter j. wikel NASTY FACTS UNEARTHED usually ior gooa reason, "Seof formation The the That the sacrifices will be for a ninety day period; although Senate Committee and the the Director heavy already was apparent. lect" may grant an exAlthough it was a legislative direction of its present investi- tension for as long as six on Capitol Hill, Senator gations grow out of another months, if the circumstances Senator McClel-lan'- s warrant. McClellan had spent six and a investigation. Committee on Government half hours in .Committee work, Requests for extensions of was prying into time including two hours with of- Operations are filed on forms furnished in some most questionable practices ficials of the FBI before the in triplicate, by Treasury people had had their lunch. His the Government's procurement and the request must be signed to led New of trail The a was clothing. afternoon full, and group by you or your duly authorized of West Coast people were York. McClellan investigators agent. scheduled for a 5 p.m. appoint- found that Johnny Dio, prominThese forms are available at ment with the chairman and ent in some labor union activRobert F. Kennedy, Committee ities, was enmeshed in some of your local office of the Internal Revenue Service. All requests chief counsel. After that there the procurement dealings. would be conferences with KenThe deeper McClellan's Com- for extensions should be on these forms and three copies are nedy and other staff people to mittee dug, the nastier were the set up plans for the public hear- facts and their implications. necessary. However, if you are unable to secure the form, a ings on the next day. Later, on the West Coast, other letter will do. MASS OF WORK shocking facts were uncovered. Your application should clearSenator McClelfan said: "I The Senate Labor Committee would like for you to tell your was brought into the picture. ly set forth the full cause of the and the probable time that readers, Dr. Benson, that for The two committees agreed on a delaywill be able to complete and you investigation set up the "Select" Committee. your return. It should give your full name New Boston, N. H., known as Senator McClellan, who had an uncommon the Information Center, which demonstrated will show you for $3.00 how a ability to handle investigations fortune could be made. Old and hearings and who had new batchI of telegrams had been scanned the one on Boston, Mass., will tell you old achieved an enviable reputation opened. It had come from a West ways of getting 4 interest, but for fairness, was his colleagues top. Coast City heretofore not mengo to New Boston, N. H., for the choice for chairman. in the McClellan Committioned THE CITIZENS STAKE coming ways of making millions tee hearings. The sender's name in American has citizen nuclear power, by investing "Every electronics, rare metals, and a stake in the work of this com- and address was signed The teleother miraculous industries of mittee," Senator McClellan gram said: "Get out here and to me. "Some of the investigate dirty work in local said the future. soberly One thing more: Give atten- evidence we have suggests an (name and number given). One tion to Church Averages rather unwholesome and dangerous man beaten. I'm next. FBI Dow-JonConthan situation in some areas. Thei knows." Averages. The McClellan Committee sider the graduates from our very future of our freedom to "get out seems determined the and could work be jeopardized." being system Colleges done by Youth Organizations. As I left the Senator's private there" on all such summonses, The Hearts and the Brains of office, Chief Counsel Kennedy and to bring to the attention of our young people are what will and a group of Oregon people the nation (and local authordetermine employment and busi- entered. On the desk of the re- ities) any racketeering condiness conditions. ceptionist in the outer office a tions jeapardizing our freedom system. For that we should all be grateful. oniric .St lofcrfc.l 11, 1957 Babson's Authentic Statement Bankers and Investments what your dollars will buy in the future. It, however, is only fair to say that the bankers are fighting inflation in every possible way. Inflation hurts not only the value of your deposits but also the value of every bond tect the money which you leave which the bank holds! with him.. Based on my large Furthermore, it should be reacquaintance with leading bank- membered that a banker should ers all over the world, I un- naturally be conservative. It is equivocally support their 100' said that only one thing is more desire to protect your savings. easily frightened than a banker, Furthermore, barring the ravnamely, a "pair of bankers." ages of war over which they Bankers brag of their deposits; have no control, they will give but the greater their deposits, back every dollar you deposit the more they owe! In their with them. Never criticize a hearts they realize that deposits banker for refusing to make a represent debts. The depositors loan. sit in the driver's seat. The de WHAT ABOUT INFLATION? positors of any bank could close When you draw your dollars the bank in a week. Hence, I out of a bank, whether your repeat we should not blame dollars will buy as much in bankers for being cautious. food, clothing, and shelter as ASKING BANKERS FOR they would have when you put INVESTMENT ADVICE them in is another question. The Bankers may be making a bankers have little control over mistake associating so much with other bankers. Instead of attending Bankers' Conventions, they perhaps should attend conventions of physicists, chemists, and other scientists. Instead of asking the advice of other bankers who are remembering 1929, they should perhaps ask the advice of those who are looking into the future rather than the past. If you ask some bankers for investment advice, they look up Frank O'Mara probably the company in an investment knows more than anyone else manual and only its balaround town about the causes ance sheets study stateand earning of automobile accidents. He ments. acsee to ask the They runs a wrecking business "A countant's accountYet, audit, junk yard is what it is", he ants are only students of the a few miles west of says Their business is to make town. Whenever I want to find past. not forcasts. Acautopsies out how our town's safety pro- countants be classified as may gram is going, I drive out to "undertakers," not as "docFrank's place and ask him about tors." business. OFFICERS OF BANKS He's the only man I know In my humble judgment, the who is sad when business is should be good. "Too many wrecks," he'll president of a bank a graduate of some highly prois his when complain yard fessional school, such as the booming. "Crazy drivers," he'll Massachusetts Institute of Techmutter. And after a few minutes is he if give investnology, talking with him I'll find out ment advice. He to needs to know where the area's danger spots what is ahead, the wonders jre. "See that new Plymouth over which are now on drawing there? A mess, isn't it? Well, boards and in test tubes. He should read scientific it would still be on the road if the man who owned it hadn't journals and associate with men turned around to talk with his who are acquainted with the son. The cops said he was driv- wonderful changes which will the next 50 ing almost 60 miles an hour come about during when he started driving blind years. Furthermore, there should " on bank and left the road. What a dope. be more knowof whose boards directors, "Then that $5,832 hunk of to existing not is limited ledge still be would cruising junk around if somebody had enough industries. THINK BACK 50 YEARS sense to put up a good sign at and Ruger Avenue. the Fifty years ago, the telephone The fellow that owned that heap companies had comparatively There were was coming into town at night few subscribers. and never saw the stop sign only 140.000 automobiles comuntil ho was practically on top pared with 54,000,000 today. of it. You'd think somebody Then there were no radios, would have sense enough to put televisions, electric refrigerators up reflective signs at an inter- or stoves, and only a few chain section like that so tliev can be stores. Over half our present income and wages come from seen at night." He pointed to a mangled 1953 industries not even dreamed of Ford station wagon and shook 50 years ago. his head sadly. "There were four My first job was surveying kids in that one. A young boy for a horse car line in Glouwas driving with another fellow cester. Mass. A half century ago and two girls. He was showing this changed to an electric car off, and the car left the road at line, and now the tracks have 80 miles and hour on a curve been ripped up and busses prothat was designed for use at only vide the only public transporta35. That's the car that the police tion. My second job was as Andrew's Spar had on display in the center of bookkeeper town last week as a warning. Yard, which brought great spars "But the dardest thing is that from Oregon to serve as masts pick-utruck over there. See for fishing vessels. The chief how that rear-enis banged industry of Cape Ann was mak in? It belonged to Benny Master-son- , ing paving stones. These in and he got it right in the dustries have now vanished. WHAT ABOUT THE rear when he pulled out of his lane one night. Been doin' it AVERAGES? for years, he said. Been doin' it These averages will soon be so often he hardly ever looked come obsolete, as are horse cars, any more. So he did it a couple the Oregon masts, and the pavs nights ago. He got banged up ing blocks. The real good. The fellow coming Averages which so many bankup behind him never saw ers now worship are only tombMasterson's truck. That junk stones of fading great industries. These "Averages" will be over there is the result." But Frank always ends up his eroded and decline, while the conservations about wrecks and basic wealth of our nation will continue to safety by pointing out a 1939 barring war Chevy with its front-enbanged climb higher and higher. in. "That's one that set me up HOW TO MAKE A FORTUNE I scarcely dare to tell you in the wrecking business," he said. "I was in that wreck, and again in this column about a I'll never forget it." little organization in Babson Park, Mass., Apr. 4. I have great respect for bankers. My father was a country banker in Goucester, Mass. It is safe to trust a banker for the protection of your deposit. His first and foremost aim is to pro- THE DRIVER'S SEAT "egg-heads- Important Investigation foot-hig- lp TJU'S and address as it will appear on your tax return when you do file. If, by reason of illness, absence or other good reason, you are unable to sign this request, then any person in ciose business or personal relationship with you may do so, provided the reason and relationship are clearly stated in the request. re-In such case, the signer of the quest will be considered your duly authorized agent for this purpose. Extensions are usually granted for good reason, such as illness, accidents, inability to secure all the facts necessary to complete your return, etc. Extensions are never granted because you are unable to pay the tax. If you cannot pay the tax due, file your return anyway. Uncle Sam will send you a bill and you will have to pay it sooner or later. He will charge interest, but there will you 6 be no penalty. If you do not file your return on time, Uncle Sam "TTT?1 off-da- y will charge you 5 for each month that your return is late up to a maximum of 25. So' you see, it is a lot better to file the return even if you can't oav the tax. I hope that these articles have helped you with your Federal income taxes in some way. it has been a pleasure for me to write them and have you read them. I hope to see you again next year in the columns of this newspaper. Paul Smith In Korea Pvt. Paul M. Smith, son of Mr. and Mrs. James S. Smith, Tremonton recently arrived in Korea and is now a member of the 21st Transportation W J JT M T f II I - full-fledge- JLy FuQPPER c tS TRADE-I- lw , vyi N ALLOWANCE CREDIT FOR YOUR OLD WATER HEATER REGARDLESS OF TYPE, SIZE OR CONDITION WHEN YOU BUY NEW d WESTINGHOUSE ELECTRIC Iv "Will S . . t m UJZ-- nil m. LIMITED TIME ONLY AT NORTHERN FURNITURE & APPLIANCE Tremonton Garland AL AL .,.."' 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Also: Whopper trade-i- n allowance on your old stove or range on the purchase of a new electric model. o Buy now from your dealer or plumber and save a whopping more. ? e I'J.'JJJ.' 132U.iin,! W.'B t.tUifl TREMONTON UTAH POWER & LIGHT CO. |