Tuesday, April 23, 1974

Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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Cedar Rapids Gazette (Newspaper) - April 23, 1974, Cedar Rapids, Iowa 12 The Cedar Rapids Gazette: Tues., April 23, 1971 More Legislators Back Tax Cut; Burns Favors Credit Tightening WASHINGTON (AP) Sen- ate Democratic Leader Mans> field has joined a growing number of congress members supporting a substantial fax cut to help Americans hard hit by spiraling inflation. However, Chairman Arthur Burns of the Federal Reserve Board said Monday he opposes a tax cut. Rather the board plans to use money and interest policies to fight inflation, even though such policies could hurt the home building industry, Burns said. Mansfield, noting increasing support for a tax cut among legislators and economists, said, "This is something we can do this year. But he added that one for the average working stiff who's carrying the load in this country." Inflation is running at a rate of more than 10 percent annual- ly, according to government statistics. From Loopholes Manfield said the revenue lost through a tax cut could be made up by closing tax loopholes and by reducing spending for de- fense, foreign aid and space. Senator Griffin of Michigan, the acting Republican leader, told newsmen he does not think there is going to be a tax cut Around Iowa Critical Condition Three-year old Craig Schwartzhoff, son c the Dale Schwartzhoffs, rur Dorchester, is in critical cond tion in a LaCrosse hospital afte running into the path of a ca driven by Leo Schulte, 20, Do Chester, Monday. Concert MT. VERNON The Great' Twin Cities Youth Symphony conducted by Dr. Williair Jones, is scheduled to play concert Saturday at Cornell co lege's King chapel. The publ is invited to attend the p.m. program at no admissio charge. Assumes Post IOWA CITY Eobert E Yager, professor of science edu cation at the University of Iowa has assumed the presidency o the National Assn. for Researc in Science Teaching Yager has been active in re search during his 18-year caree at the University of Iowa. Cyclist Hurt WEST 18-yea- old. West Branch man, William R. Rummels, is in the intensive care ward at VA hospital, Iowa City, with injuries he 'sufferec Sunday. Rummels and apassen- were riding, a motorcycl< when the front wheel fell .off .pitching them into the ditch. Hi passenger was not hurt. Probation Revoked TOLEDO The probation of Kenny C. Willson, 23, Toledo, on a charge of assault and battery was revoked last week in Tama county district court Judge Louis W. Schultz orderec that he serve 30 days in jail with credit given for seven days in the Marshall county jail while awaiting the revocation hearing. Radio Network DES MOINES (AP) Withoui even a raised eyebrow, the Iowa house approved Monday an ap- propriation of to com- plete conversion of the Iowa police radio network from, low band to high band. The proposal is one which generated verbal sparks in the last few sessions, led to creation last year of a legislative com- mittee to review state safety department plans for the con- version and stirred a spirited appropriations committee de- bate earlier this session. Salaries Set Mar-Mac Community school board Mon- day night set the base starting salary for teachers at an increase of The board also voted to provide full-family in- surance coverage for employes. Probe Brcakin IOWA CITY Iowa City po- lice are investigating a Monday breakin at the Carriage Hill Apartments that resulted in con- siderable damage to a large amount of laundry equipment in ;the, 'apartment complex' laundry room. The time of the damage has not mined. A small been deter- amount of change from the coin operated equipment was taken. West Union Bids WEST UNION- Action v, delayed until May 6 on accep- tance of bids submitted for sew- age treatment plant work here. Six bids were submitted, with Nelson Construction Co., Cobb, submitting the apparent low bid of Work is to be done by July, 1975. Shop Entered WEST stole in cash and the motor from a minibike in a burglary Sunday night at the Northeast lycle Shop here. Iowa Williamsburg Rites Set for O. E Jones WILLIAMSBURG Osborne Idward Jones, 91, a retired banker here, died Monday. Born Nov. 2, 1882, at Wil- iamsburg, he was educated in Williamsburg schools and vas graduated from high school; m 1900. He was' married to Honore Dunn Sept. 4, 1908, 'at Williams- burg. She died in 1967. Mr. Jones vas associated with Farmers Trust and Savings bank for 62 'ears before his retirement in .962., He was president of the iank at that time. Mr. Jones also served as trea- urer of the Williamsburg chools for more than 50 years. Surviving are four sons, Wil- ard and Harold of Williams- lurg; Winston, Streamwood, Russell, Ventura, Calif.; daughters, Mrs. Robert 11.; our fellman and Kathleen Jones, Cedar Rapids; Mrs. Michael Jack, Waterloo; Mrs. Kenneth teimel, Charles City; 25 grand- hildren and eight great- grandchildren. Services will be Thursday at at United Presbyterian church. 'ones Funeral home. might be justified if necessarj to head off a recession. Sen. Curtis a se- siior member of the senate fi- nance committee, said congress ought to be talking about balancing the budget in- stead of cutting taxes. "Let's deal with the cause ol inflation and not fool the Ameri can people with talk about a tas Curtis said. Senators Humphrey (D Kennedy (D-Mass.) and Mondale (D-Minn.) also have urged a tax reduction. In the house, Speaker Alberl of Oklahoma and Chairman Mills of the powerful ways and means committee have indicat- ed they would support such a move unless there is a marked upturn in the economy soon. "Loan Explosion" Burns said there has been "a veritable explosion in the last few months of business loans" and in the money supply. He said the boards is deter- mine d to follow moderate money and interest rate policies even though such policies may be hurting the home building in- dustry and driving up interest rates. "We are-not going to sit back and prepare a monetary path to the continuance of inflation." Burns said there would be no credit crunch and that the board would allow the supply of money and credits to expand, but only at a moderate rate. "Very Unwise" "To shape1 our monetary poli- cy on the future of home build- ing and to neglect the art of the economy, and particularly very dangerous inflation in this country, would be very unwise." He said other government agencies can help the home building industry without caus- ing serious losses lo the rest of the economy. Burns did not elaborate on his opposition to a tax cut. However, administration spokesmen have said that a tax reduction would be inflationary and would not have any imme- diate effect on the economy. Police Chief Naming Set Wednesday A new police chief will proba- There are eight candidates for (he job, which became vacant last fall when George Matias re- tired due to poor health. Steinbeck said he has nar- rowed the field to three appli- cants, including at least one the two members of the loca department who applied, an plans a meeting with the rest o the city council Wednesday at ternoon to make a selection. The selection may not be announced until next week, he added, because all the appli cants should be informed of the choice before it is made public. Steinbeck said there may be c legal problem involving a sec tion of the state code that re- quires a new chief to be hirec within 30 days after a certifiei ist of applicants is supplied bj he civil service commission. That would mean an appoint ment is necessary within abou :en days. The problem, Steinbeck said s whether the law means the man must be officially hired bj he deadline. If that's the case and if the man is not able t director of Cedar Rapids Art center, will speak Friday at a.m. at Bishop's downtown. Ag Meeting The Chamber of Commerce agriculture bureau will have a meeting Fri- day at 4 p.m. in the Chamber building. Council Plans Promotion of Three Officers The city council is expected to ake action Wednesday on three >romotions in the detective divi- sion of the police department. Safety Commissioner James iteinbeck said he will submit promoting Lt. Wil- iam J. Byrne to captain of de- ectives, Detective Mark K. Cor- igan to lieutenant of detectives and Officer Lawrence G. Micha- ec to detective. Action Expected Wednesday on Apartment Site Construction may start early next month on a 144-unit apart- ment complex north of Thirty- fifih street drive SE. The city council is expected io approve a revised site develop- ment plan for the project, being constructed by Welsh and Welsh Development Co., at its Wednes- day meeting. A controversy developed re- garding the complex last sum- mer when the developer re- quested rezoning to permit con- struction of the apartments. Most area residents cited in- creased traffic on Thirty-fifth street drive as the basis for the objeciions. The city council approved the rezoning, subject to several con- ditions. One of the conditions prohibits use of Thirty-fifth street drive for traffic to and from the apartments. It pro- vides for ingress and egress via Thirty-eighth street SE, and re- quires that improvements on the street be made to city stan- dards at the developer's ex- pense. The revised development plan was never formally approved by he council, because of what a lawyer for the developer termed a misunderstanding. He said the developer as- sumed it would post a bond cov- ering the improvements to Thirty-eighth street, but the council instead wants the im- provements completed before the city accepts the street. There was never a disagree- ment over what would be done or who would pay for it, the lawyer said. Byrne fill the position when Wallace Johnson vas promoted recently from captain to assistant chief. Steinbeck said the detective is still understaffed, but ic does not expect to make any hanges in the department until he situation can be assessed by he new police chief. Shultz: Oil Prices To Decline in Year SINGAPORE orices will fall one year from now' be- cause tremendous efforts are being made to find alternative sources of energy, outgoing Treasury Secretary Shultz said Tuesday. You9re Invited to sec the lalcsl in KITCHENS, BATHS, and EIKEPLACES OPEN HOUSE at FASHION-PAR, INC. Thursday, April25lli 6 p.m. lo 9 p.m. Friday, April 26lh 6 p.m. to 9 p.m. Saturday, April 27th 1 p.m. to 5 p.m. Sunday, April 28lh 1 p.m. to 5 p.m. VISIT OUR OPEN HOUSE AND RECEIVE A FREE Gin' 309 SEVENTH 'AVENUE MARION 377-7357 owa City Rites for Berniece M. Ries IOWA CITY Berniece M. lies, 78, died at her home Mon- ay night following a long Iness. Surviving are a daughter, Irs. Robert Osmundson, Iowa ity; a son, H. H. Ries, San iego, Calif.; six grandchildren, nd one great-grandchild. Services will be Wednesday at 30 at Beckman-Butherus fu- eral home. A memorial has een established. ervices where your PUBLIC AUCTION STATE OF IOWA USED VEHICLES State Vehicle Dispatcher's Garage Des Moines, Iowa Saturday, April 27, 1974 Time: A.M. BE AS IS' WITH N0 GUARANTEES OR WARRANTIES, TO THE HIGHEST BIDDER, WITHOUT RESERVATION. public lectures on as taught by Maharishi Mahesh Yogi Call 366-4554 or attend either lecture Thurs., April 25, p.m. Room 1105 Mercy Hospital Thurs., May 2nd, p.m. Ellis Branch, YMCA earn the highest bank savings rates available 5.50" GOLDEN PREMIUM INVESTMENT ACCOUNT Interest compounded daily on money on deposit 90 days or more. minimum {effective annual rate INVESTMENT CERTIFICATES A choice of 4 Savings Plans. From 90-day to 48-month certificates paying up to 7.45% effective annual interest. An interest penally is required by law for early withdrawal. 5.00" INSTANT INTEREST REGULAR SAVINGS No minimum balance. Daily interesl (effective annual rate, I Peoples Bank offers a complete Savings program that lets you more profitably save where you receive full service banking. B Peoples now pay the highest legal rate allowed by law for banks on all savings accounts. Compare our annual interest rates with other savings places, and con- sider the many other banking services available at Peoples Your "One Stop" Financial Center! I AND TRUST COMPANY MEMBER FDIC I Peoples Downtown Peoples East at Town and Country I Peoples West at Mays City Peoples In Newhall FRS AUCTION CONDUCTED AT State Vehicle Dispatcher's Garage. 301 E. 7th STREET DES MOINES, IOWA Vehicles may be inspected ot the Stole parking lot East 7lh and Court on Friday, April 26, from a.m. to p.m. and from a.m. until a.m., April 27. Auction will begin promptly at a.m. in the State Vehicle Dispofcher's Garage, corner of East 7th and Walnut Streets. PLEASE NOTE TERMS OF AUCTION SALE 1. NO PERSONAL OR COMPANY CHECKS WILL BE ACCEPTED FOR THE DEPOSIT OR FINAL SETTLEMENT. 2. BUYER MUST BE 18 YEARS OLD OR OVER. 3. A BID DEPOSIT IS NOT REQUIRED UNTIL THE FIRST VEHICLE IS PURCHASED, then a deposit (cosh or certified check, traveler's check, postal money order, cashier's check, or bank draft) mode payable or i endorsoble to the Stale of Iowa, WILL HOLD ONE OR SEVERAL VEHICLES. (Exception: Political Subdivisions may use either Requisition or Purchase Order in lieu of 4. Final settlement may be mode Ihe day of ouclion, and final settlement must be completed and vehicles moved from tho premises by NOON, Thursday, May 2. All deposits will be forfeited if balance due is not satisfied. Auction Will Consist of Approx. 150 Units Plymouth (Duster) (Compact) 6 cyl.__2-dr Radio American (Hornet) (Compact) 6 cvl. 4. dr. Radio Dodge (Poloro) (400 engine) 4-door Sedan Radio American (Ambassador) 4-dr. Sedan Radio 31 1972 Dodge (Poloro) (318 engine) 4-dr. Sedan Radio Chrysler (Newport) Custom 4-dr. Sedan Radio Plymouth (Suburban) 3-Seol Wagon Radio American (Ambassador) 6-poss. Wagon Radio Chevrolet (Townsman) 3-Seal Wagon Radio Plymouth (Fury II) (318 engine) 4-dr. Sedan Radio Plymouth (Fury II) 4-dr. Sedan Radio 1 1970 Ford Mini Home Von Top Stove (AC-DC) Rcfrig, Sink, Bed 1 1972 Dodge Pickup A Dodge Pickup Chevrolet 1-ton Truck box. Hoist 4- speed 1 1970 International %-ton Pickup (Travelletle) 6- pass 4-speed 1 1967 Dodge %-ton Pickup Std. Trans 1-1969 Ford Pickup 4 speed Chevrolet Man Truck box, Hoist 4. speed 1-1968 Ford (1000) (Sleeper) Truck Traclor (Cummmgs) Diesel wheel tandem 40-foot Dorsey Trailer 1 1964 Dodge Man Truck bed and rock 4-speed 1-1966 Ford (600) Dump Truck Irons 2-spd axle 1 1966 Dodge 2-ton Dump Truck spd trans ALL VEHICLES HAVE BEEN SAFETY INSPECTED. Auction Conducted by__ Sourhtown Enterprises, Inc. Joy Johnson Auction Co.' Gail McAninch, Auctioneer 5. Iowa Sales Tax will not be collected at Ihe auction. Stole Sales Tax where applicable will be paid to the County Treasurer at time of application for license. 6. Title transfer on final settlement. In Tronsil paper license plates will be furnished by Ihe Stole Vehicle Dispatcher lo the successful bidder. This auction is open lo all individuals as well as dealersl