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Mason City Globe Gazette Newspaper Archive: February 24, 1961 - Page 1

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Publication: Mason City Globe Gazette

Location: Mason City, Iowa

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   Mason City Globe-Gazette (Newspaper) - February 24, 1961, Mason City, Iowa                             North lowai Daily Newspaper Edittd for tht Homt MASON CITY GLOBEGAZETTE HOME EDITION The VOL W Press and United Preit tatetnutionil Full newspaper that makts all North lowans MASON CITY IOWA FRIDAY FEBRUARY 24 Wl neighbors 7e Copy Paper of Two No lit Shortage banker hangs se million revenue lost Airports hum again as big strike ends NEW YORK W Airports bers with the end of a flight en around the nation hummed with gineers strike activity again Friday and the The sixday work stoppage big passenger planes zoomed worst tieup in American aviation into the air in increasing numhistory cost crippled airlines an estimated S40 million Many more millions were lost by vacation resorts and indus tries connected with air travel Railroads and bus lines reaped an unexpected revenue harvest however Travel plans of an estimated 500000 persons were affected during the shutdown period Many of them were stranded away from home when the strike began and had difficulties ob taining alternate transportation With whine of big jets and the roar of propellerdriven aircraft once more heard on the run III Industrial equipment too old Tax help is promised By SAM DAWSON NEW YORK iff The new ac cent on youth may soon extend from the White House right into the machinery in our factories and businesses President Kennedy says too much of our industrial equip ment is too old He wants busi ness to speed up the moderniza tion of its plants He says the government will help The average age of equip ment in American factories to day is about nine years the President says HE HAS RENEWED his pledge of quickly seeking tax reform to help business update its plants The President has still to spell out exactly what tax changes But business interprets them to be largely in the field of depreciation allowances Many business spokesmen have deplored present tax policy as holding back building of new plants and buying the latest equipment This keeps operating costs higher here and helps make American prices higher than those of foreign manu facturers President Kennedy agrees that we have fallen behind in the competitive race He notes that other nations have been lowering the average age of their plants and machinery OTHER LANDS allow faster writeoff of new investment in tax accounting Some allow revaluation of assets in rec ognition of higher replace ment costs This lowers corpor ate tax payments and gives companies more funds with which to buy new equipment The United States has granted fast writeoffs for some plants and equipment held essential for national defense But in the main its policies still hold to a standard which though varied averages around 20 years That is the life of much machinery is held to be 20 years Com panies spread depreciation al lowances over 20 years They complain that they cant replace the old plant and tools for anything like what they cost that is for anything like the total of their depreciation al lowances To buy new equipment they must find money somewhere but raising prices to boost profits by borrowing MANY INSIST that this is keeping them from modernizing their plants This has cut the totals spent on capital goods in the last year and that has been a factor in the turndown in general business activity There are two tax reforms the President could propose One would speed up the time in which a new machine could be depreciated for tax purposes five years say instead of 20 This would give companies temporary relief After the five years the machine would be fully taxable as an asset and its production taxable as income without benefit of allowances But there would be an incentive to buy still newer equipment The other would be to let companies value their present machinery at replacement cost instead of its much lower cost at time of purchase This would grint a longerrange relief Photofax FREEDOM PLEA Eliza beth Ziolkowski now 85 Lan sing Mich appears before the Michigan parole board saying she wants her freedom because she wants to see a bit of life The woman was given a life term 28 years ago for poisoning her third husband On the inside Editorials Page 4 The BlueJ 5 Mason City News 67 Latest Markets 7 Society News 89 Sports H12 CubGazette 15 Comics 16 North Iowa News 20 ways Pan American World Air ways was the first to restore full service It announced Friday hat operations were back to 100 per cent OTHER LINES ranged down ward to as low as 30 per cent Some said it might take them a day or two more to get aU schedules going again Miami Beach estimated its revenue loss at million a day during the strike So did the Jaribbean area including Puerto Rico the Virgin Islands and the Bahamas Flight engineers agreed to go back to work immediately while a Presidential commission started work on finding a way of remedying the basic cause of their strike job security President Kennedy made the announcement late Thursday at the White House At his side wa Secretary of Labor Arthur J Joldberg who had a large part in bringing about the end of the walkout FOR GOLDBERG it was the second major strike he has had a personal hand in settling since he took office a month ago Hi very first task was to end a strike of railroad ferrymen in New York City that had virtual ly cut off commuter rail service Six airlines Pan American American Trans World East era National and Flying Tiger began cranking up their op erations Thursday night All were expected to be back to nor mal by Saturday or Sunday Western limes one of those struck by the engineers refused to join the agreement Western had announced it was firing its 130 flight engineers and hiring qualified pilots to re place them The agreement does not af feet Northwest Airlines whose engineers have been striking for weeks for more pay and gainst work regulation changes Kennedy Friday ere ated an emergency board to in vestigate the dispute EXENVOY DIES BALTIMORE Md UP Fran cis White 68 ambassador to Mexico and Sweden under for mer President Eisenhower and secretary of state un ider three former presidents died Thursday of a heart ail Iment FROM OUR WIRE SERVICES ty lines should be preserved in DES Norman any reapportionment plan He Erbe said Friday he was very said the subject may come un pleased that the Senate passed der discussionbetween the a reapportionment plan and houses but that he was confi added he believes it will meet dent that an agreement could N ews m a nutshell FROM OUR WIRE SERVICES PayTV tryouf ordered WASHINGTON Federal Communications Commission formally authorized the nations first full scale tryouttof pay television at Hartford Conn on a threeyear basis The station will show about 40 hours a week of pay programs and 30 additional hours of conventional free TV fare Firstrun films will dominate the pay programs but stage music edu cational and sports programs also will be offered Nuclear engine test planned SCHENECTADY Electric Com pany has revealed that it expects to groundtest in about a year or two a nuclear propulsion system for planes with flight tests in about four years Price of gold slumps LONDONrThe battle of thedollar on the Lon don gold exchange apparently has been won by Presi dent Kennedy At Fridays quotation of a fine ounce golds freemarket price was just under the US official selling price of Last Octo ber the price of gold climbed to an ounce 3 appointees approved DES Iowa Senate has confirmed three more appointments submitted by Gov Norman Erbe including Marvin Selden Jr Des Moines as state comptroller Others confirmed are Robert Belt Red Oak aeronautics commission and Robert Beebe Sioux City to the conservation commission Rampage in Congo LEOPOLDVILLE Congo Congolese soldiers apparently bored with waiting for the start of a mili tary offensive rampaged through the town of Lisala looting property and molesting Women the United Nations reported OTTUMWA FIRE A 12room country estate home of an Ottumwa auto dealer is destroyed by fire early Friday with loss estimated at The English manortype house located just outside AP Photofax Ottumwa was owned by Charles Dickey who is va cationing in Arizona His wife was killed in an auto accident last year The entire house was destroyed within 20 minutes after the fire was discovered Governor optimistic over future of remap proposal general approval in the House But the governor indicated there might be a move to amend the portion of the Shaff plan be reached The House has passed a wa tereddown version of the Shaff plan which would not permit L11V IT j which permits segmentation of the crossing of County lines counties in setting up the pop ulation districts from which up per chamber members would elected In his campaign Erbe main tained that the integrity of coun Bills defeat to be sought by committee CEDAR FALLS Citizens Committee for Fair Representation will seek to de feat the Shaff reapportionment plan in 1963 if it adopted this session the committee presi dent said Friday C E Davidson son of Dr and Mrs T E Davidson Mason City and now a Cedar Falls businessman said if necessary we will carry the fight to the people at the state wide election when the am mendment is submitted to the voters THIS PLAN with a SSmem ber population Senate and a 99 member one per county House is not true reapportionment Davidson asserted He said that in the Senate vote Thursday adopting the Shaff plan the Yes vote represented only 41 per cent of Iowas total popula tion The minority of Iowas peo pie with majority control in the legislature have been able to political When questioned about his re action to the vote by represen tatives from larger counties against the plan Erbe said it may be a question of this plan or no plan sustain power their great he said DAVIDSON a former direc tor of the Iowa Development Commission said The fact that the Shaff plan allows the crossing of county lines in es tablishing districts in the pop ulation house and permits a de viation of not more than 10 per cent in the population of these districts is tfie strong point of this proposal However he added this good feature does not outweigh the many objecup t0 g am Friday tional parts of the plan BIDDLE NAMED WASHINGTON dent Kennedy Friday named Anthony J Drexel Biddle 64 YEAR AGO veteran diplomat as U S Maximum ambassador to Spain Minimum HE CALLED passage of the Senate measure a step in the right direction and said per sons who took the stand that no reapportionment was better than the Shaff plan of redistrict ing were taking a defeatists view The proposal sponsored by Sen David 0 Shaff RClinton weathered sharp criticism at limes before passage on a 2723 vote It required 26 votes for passage as a constitutional amendment The plan which has been en dorsed by the Iowa Farm Bu reau Federation would set up a Senate of 58 members with each senator representing a district nearly equal in popula tion to that of every other dis trict The House would be composec of 99 members each countj having one representative The bill at times became en tangled in parliamentary pro cedures and verbal battle on the floor as opponents sought un successfully to kill the plan THE PROPOSAL is quite sim ilar to o n e offered by Shaff earlier in the session and de feated by one vote last Feb 1 Shaffs original bill called for Senate of 60 members based on population and a 99member Another incident in Iowa Huge loss at Knoxville FROM OUR WIRE SERVICES KNOXVILLE Iowa The president of the Com munity National Bank and Trust Co was found dead Friday and the Federal Bureau of Investigation said a substantial short age had been found in the bank accounts The body of bank president Eldon Job 58 was found in an empty house once owned by his fatherinlaw Sheriff Loren J a r m a n de scribed Jobs death as a suicide by hanging IN WASHINGTON Hollis Hag gard deputy comptroller of the currency said the aled several hundred thousand dollars but declined to state the xact amount although it is considerably less than mil ion He said the shortage was uncovered Thursday during a routine examination of the Danks accounts The examiner E W Morgan Des Moines said there are some irregularities involving the bank but that the bank is sol vent and will go on as usual Morgan said the directors may issue a statement soon He said the bank is a member of the Vice principal in trouble Kids have last laugh SAN ANTONIO Tex WA high school vice principal and Senate of 53 members based 15 students Thurs population anda House of 99 House on area The House plan calls for a Senate of 53 members based on his janitor started out to teach a lesson to 15 students Thurs day but ended up having to do some explaining to police After bicycle and motor scooter riders ignored warnings not to use the schools auto parking lot the vice principal Luther E Hartman and janitor Joe Guerrero confiscated five bicycles and stripped all accessories from 10 motor scooters Patrolman G S Connell who answered the students call to the school to investigate a mass theft found the bicycles in the school basement and the motor scooter accessories in the principals office Connell returned the bicycles and parts to the students warning them to change their parking place No charges were day His motion would permit the Senate to reconsider the I had no idea the kids would call police the embarrassed Shaff plan again Hartman said Sen Jack Schrocdcr RDav enport said the Senate prob ably would act on Colemans motion at a special order of business March 8 after a 10day recess which begins after Fri Only two Democrats voted with the Republican majority that supported the Shaff plan They are Sens Adolph Elvers Elkader and Joe Coleman Clare Coleman changed his vote fol lowing the balloting to permit him to file a reconsider mo tion which he did late Thurs FAIRandWflRMER North Iowa Clearing and colder Friday night lows 812 Gener NikeZeus given limited goahead WASHINGTON Army Friday has a tentative go ahead signal for limited produc tion of the NikeZeus antimissile for which it has fought for the past two years For the first time it was dis closed Thursday the Joint Chiefs of Staff recommended days session ally fair Saturday highs nearjthat NikeZeus go into limited production while research and development continues on other parts of the tremendously in tricate system to intercept en emy intercontinental rockets 32 Iowa Clearing south and west snow flurries northeast Friday night colder east and central lows 810 northwest 1520 southeast Mostly fair Satur day warmer west highs mid 20s northeast to near 40 ex treme southwest Further out fair and mild Sunday Federal Deposit Insurance Corp Morgan said Job had been a resident of Knoxville about 40 years and had been with the bank since 1932 JOB IS survived by his widow two sons and a daughter One of the sons Ned is identified with the Community National Bank and he other Lewis is with the Iowa State Savings Bank at Knoxville The daughter Judy is a student at Drake Univer sity It was the third bank shortage case in Iowa in recent weeks On Jan 16 federal authorities disclosed a million embezzle ment of the Sheldon National Bank by Burnice Geiger daugh er of the bank president Two weeks later on Jan 30 routine bank audit turned up shortage of about at he Malvern Trust and Savings Bank and drove the bank cash er and vice president John E Willard 39 to commit suicide SAME Iowa Safety Department Figures White Means No Traffic Death in Fast 1 Hours 35 GlobeGazette weather data Maximum Minimum Precipitation Sunrise Sunset Trace 38 12 snow 25 IS Japanese apologize for antiUS riots WHITE PLAINS N Y An apology for the antiAmer been made to former White House press secretary James C Hagerty by four of the students who participated in the demon strations The outbreak led to cancellation of former President Dwight D Eisenhowers sched uled visit to Japan Hagerty who was in Japan arranging things for Eisenhower was mobbed at a Tokyo airport and was rescued by helicopter AP Photofax RUSHING confused caterpillar which should be in a cocoon getting ready to burst out as a colorful springtime butterfly takes a ride on the nose of Jimmy Aalderink 7 Grand Rapids Mich The caterpillar was found in the snow by Jimmy at his grandparents home   

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