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Mason City Globe Gazette Newspaper Archive: March 18, 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) - March 18, 1961, Mason City, Iowa                             Mttfb Iowas Daily Newspaper Idltel tor ttw MASON CITY GLOBEGAZETTE Tht newspaper that makes all North lowans neighbors HCME EDITION VOL AMoeUUd PMM Dolled Preti International rull MASON CITY IOWA MARCH II 1H1 Tt Paper ConiUti ol Two One HI New tax incentive wanted A break for businesses By RICHARD SPONG GlobeGazette Editorial Research Burtau Kennedy administration which has al ready told business that it seeks a fullfledged alliance appears to be ready to demon strate to business its conviction that business and government are natural allies The first form of tax relief which may well be outlined in the first Ken nedy budget message is ex pected to provide an incentive to business to expand Both Kennedy and Nixon in the 1960 campaign advocated more liberal depreciation allow ances for business so that plant expansion and modernization would be stimulated President Eisenhower in his final budget message on Jan 16 urged Con gress to allow businessmen to depreciate plant and equipment more rapidly as a spur to new investment THE METHOD of supplying this sort of incentive most fre quently broached in business circles is faster or higher depre ciation writeoffs for plant and machinery Tax savings thus allowed are funds freed for new plant or replacement of ma chines But the President and his ad visers have been flirting wilh another tax credit for some proportion of capital ploughed back into equipment Prof Stanley S Surry now as sistant secretary of the Treas ury headed a Kennedy task force on taxation which sub mitted a report on Jan 9 which is supposed to have outlined the new plan It would work this way A corporation would be allowed a tax credit equivalent to a per centage of the amount by which its investment in new plant and equipment exceeded its current depreciation deduction This would be a credit against the final lax and not as is the case wilh ordinary depreciation a deduction from taxable income A COMPANY with a mil lion investment in plant and equipment which it was depre oiating at a rate of a year might be encouraged to double its investment in a single year It then could credit a per centage of the sum of mil lion excess of the additional million investment over the depreciation deduction against its tax bill for that year This treatment would spur ex pansion in investment rather than replacement of existing plan and equipment The plan is highly flexible depending on how much or how little the gov ernment wants to enlarge in vestment the percentage of the credit can be raised or lowered or even removed THE CREDIT plan has its crilics The Wall Street Journal recently reported that some tax men claim it would be a poor substitute for more liberal de preciation treatment because it leaves open the question of where the investment money is coming from believe the tax credits would dis criminate in favor of estab lished business with plenty of cash or strong borrowing power And labor opposes both plans as discriminating in favor of business and against the indi vidual New plant to labor means automation and to labor that is a word which gets dirtier every day Instead of de preciation liberalization the AFLCIO favors a general cut in the individual income tax to stimulate consumption But auguries usually depend able indicate little hope for thai kind of tax relief at least not unless the administrations as surance that an economic upturn is in the offing should be dis polled TEARFUL DRIVER DENVER Davis de cided Friday to drive the fam ily car to school A lot of other boys do He went past the school when he saw a police cai following him Mikes car came to a halt against a fireplug He burst into tears when the police man approached Mike is only Iv AP Pbotofax TOO MUCH NELSON Marshalltowns Don Nelson tries a hook shot while Mason Citys Doug Gildner Dick Chuik 35 and Dick Woodhouse 23 look on during semifinal action at the boys state basketball tournament in Des Moines Nelson rammed home124 points to lead the Bobcats to a 6753 victory and thereby eliminate the Mohawks from further contention Story on sports N ews m a nutshell FROM OUR WIRE SERVICES Will swallows arrive SAN JUAN CAPISTRANO Calif Towns people here are worried Sunday is the day the swallows usually return to Capistrano But it rained Friday and more rain is coming down One stormy March the swallows didnt make it Pauling makes stand CLEVELAND If U S senators who called him proSoviet will waive their congressional im munity and repeat the charge Dr Linus Pauling will sue them he says Independent course UNITED NATIONS N Y The United States has notified Western colonial allies it will steer an independent course on Africa as the General Assem bly headed into an agenda bristling with explosive African issues Laos cities safe WASHINGTON The Laotian army should be able to hold its cities although the proCommunist rebels are likely to overrun more of the countryside U S instructors can get loyal troops in shape to put up a stronger fight officials here believe likely TUNIS Tunisia Algerian rebels intend to go into the negotiations with France for an end to their GVjyear North African war from a position of strength The nationalist leaders are convinced that France beset by sharp divisions must agree to major concessions Widen the one Yank flier named in will of German GREAT FALLS Mont A photograph 19 years old plus a diary have led a World War U American fighter pilot to believe he is the airman named in the will of a Ger man ace Maj Norman L Widen based here says he may be the P38 pilot shot down by German pilot Anton Hafner over Tunis North Africa in 1942 The American was cap tured Before Hafner died he listed the unnamed American in his will and a few details of the search were revealed by Haf ners survivors as they began the almosthoptless search Widen now commands a fighter branch of the 19th Air Division at Malstrom Air Force Base at Great Falls Widen recalled a German ME109 knocked him down as Widen high altitude bomber escort mission from Biskra to Bizerte Widen was captured by Germans after parachuting into three feet of water near the airfield on which his plane crashed The meeting between en emies was recorded in the diary I was escorted with many grins gestures and beau coups German talk which I did not understand to the drome where I met Sgt Hoff man who had shot me down Widen believes he confused the name Hoffman with Hafner at the time I was very impressed with the man the diary said I got the impression I was the first victim he had met or seen I didnt feel so bad when I found out I had gotten the business from a real expert Hafner the title pert by shooting down 10 Al lied Hants before Widens ErbeV projects at stake DES MOINES Nor man Erbe said Saturday he is confident the 1961 Iowa Legislature which some ob servers feel has been making snail pace progress will en act many of his proj ects within the next few weeks The governor said he is op timistic despite predictions he received from at least two legislative leaders that the session would end around April 20 Thats only a little more than a month away Although the controversial reapportionment issue has al ready been dispatched the legislators still face the bulk of their workappropriations taxes congressional redis tricting and the like With this heavy schedule still facing the General As sembly its possible many of the other programs in which Erbe has expressed special interest could fall by the way side These projects include A longrange building pro gram for the board of re gents Laws giving four year terms to elective state offi cials and county attorneys Negligent homicide and im plied consent chemical test Ing for alcohol laws A bill to establish ports of entry along Iowas borders Key club control law A law tightening up the states present obscene litera ture statute Legalization of cigarette vending than the remotecontrolled variety Annual sessions of the legis lature Ever since the session start ed said Erbe he has been discussing his various propo sals with the leaders of the Republican majority and Id say there was general accept ance of these programs Im optimistic over the outcome of most of them he added Erbe said that he doesnt anticipate sending up any spe cial messages to stir action on his program I prefer Jo work individual ly with the legislators to ichieve results The harmony which exists between my of fice and the legislature it such that I dont need any special message The lawmakers have turned down at least one of Erbes the vot ing age to 18 and have shown little inclination to take his suggestion on establishing a merit scholarship program for Iowas campusbound youth and a Civil Service sys tem for state employes Orgy by Angola natives Terrorists run wild LUANDA Angola Portuguese West Africa Portuguese xoops have been flown north ward to the AngolaCongo bor der area where tribal terrorists lave been hacking to death and mutilating any whites they find on remote Angola plantations At least 30 planters and mem ers of their families were re ported slain Portuguese colonial rulers icre turned to armed might in lopes of ending the MauMau type of slaughter The same planes that rushed in troops Drought back terrified settlers Faced with the prospect of growing Congolike massacres colonial authorities here in the capital said today they are con fident they can put down the bloody antiwhite uprising de spite the hindrance of torrential rain NEGROES swinging machete knives have killed and hacked up countless men women and children in the past three days One report said 28 persons were murdered at a big coffee plantation near Quitexe less han 150 miles northeast of this coastal city A young girl was reported cut in half near Viege One mutilated settler died after jeing evacuated here This dispatch did not mention any outsiders among the at tackers but Portuguese news agency dispatches received in Lisbon said the terrorists were foreigners or came from the Congo across the border Some of these reports said Negroes and whites alike were attacked Soldiers and paratroopers rushed northward faced the job of flushing the raiders from hid ing places in dense forests AFRICANS WHO work the plantations and belong to cen tal African tribes were report edly quiet while the northern iribestnen atlacked homes and sabolaged roads and bridges Commercial airliners touched down at Luanda Airfield in a huge refugee airlift Fleeing settlers crammed truck af er truck for the ride into Luan da where they told how Negroes lacked to death every white ihey saw The raids were similar to the MauMau attacks that plagued Britishruled Kenya a few years ago Hundreds of tribesmen cle cended suddenly during early morning darkness Wednesday slashing and murdering with their long knives in planters domes near Maquela Uige Qui bayi and Quitexe On the inside Editorials Page 4 5 Church 67 Society 8 Sports 910 Latest Markets 12 Mason City News 1213 Business News 1415 Clear Lake News 16 North Iowa News 18 AP Photofax TOP 0 THE MORNIN are some of the winning entrants in the annual St Patricks Day Mad Hatters Party held by theGoldenAge Club at the South Baltimore Md Recreation Center Anne Tillery top left won the prize for the most original creation made of play money playing cards and min iature champagne bottles Miss Kate Schreier top right wears the largest hat Ethel Mumbauer lower left the prettiest hat and Mary Schelhaus right a chicken on an upsidedown basket 2 Mason Cityans hurt when stolen auto leaves road Larry Lowenberg 18 322 Hampshire Place SE was reported in fair condition Saturday at a Cameron Mo hospital A com panion Max Johnson 19 816 Monroe NW was in good condition at the same hospital The two Mason City youths received injuries Friday when the car in which they were riding skidded 300 feet and fell down a 25foot embankment near Gallatin Mo A Missouri state trooper said Saturday the car was a 1956 Lincoln Mark II reported taken early Friday in Des Moines The trooper said agents of the Federal Bureau of Investiga tion FBI studied evidence in the case and Salurday were con sidering filing charges Rusk Gromyko in their first major session FKOM OOR WIRE SERVICES WASHINGTON Secretary of State Dean Rusk and Soviet Foreign Minister Andrei Gromyko met urday for a critical discussion of Laos the Congo dis armament and other tensionladened issues dividing he Westand Russia The secretary according to aides warned Gromyko that Soviet meddling in Laos is poisoning the international atmosphere and will make it more difficult to negotiate on big cold war ssues such as disarmament a nuclear test ban the Congo Berlin and Germany Rusk was believed to have told Gromyko that the United States may decide to resume underground nuclear tests if the Geneva talks starting Tuesday failed to produce agreement ona test ban within six to eight weeks The first meeting of the two officials since the Kennedy ad ministration took office came at a luncheon for Gromyko in Rusks glasswalled private ing room atop the new State Department building overlooking the Potomac River A few hours before the lunch eon Rusk went to the White House to meet other administra tion military and civilian advi sers in a conference with Presi dent Kennedy The meeting ap parently centered on the ad ministrations new disarmament plans SAM I DAT 1HOW owenberg and Johnson for transporting a stolen vehicle across state lines The trooper said that if the BI does not press charges against Lowenberg and Johnson hen no charges would be filed m the case The trooper said he would not file charges and said the sheriffs office in the county where the accident occurred also did not plan to file charges JOHNSON WAS driving the jar and apparently lost control of the vehicle when he fell asleep the trooper said Lowen jerg was thrown into the wind shield The trooper said the vehicle was taken sometime between 12 midnight and am Fri day The accident in Missouri occurred at about am The car was headed south on High way 13 and went through a T intersection where Highway 6 crosses Highway 13 The Mason City youths who had gone to DCS Moines to at tend the state boys baskelball tournament were headed for St Louis Mo the trooper re ported THE TROOPER said his statements concerning the pos session of the automobile were based on a conversation with Johnson B 0 Phillips DCS Moincs owner of the Mark II said the car was stolen from in front of his residence at 2825 Grand Ave BAN LIFTED GREENFIELD Mass PoliceChief John Murphy Sat urday lifted his St Patricks Day ban on safety gloves worn by traffic officers The gloves are bright orange ATTENDING the Gromyko uncheon were Adlai Stevenson TJ S ambassador to the tFnited Nations and Chester Bowles undersecretary of state as well as Soviet deputy foreign minis ter Arkady Sobolev Officials have not given up all hope that Khrushchev might yet agree to join in a program to make Laos a completely neu ral country under a reorgan zed government the present regime of Premier Boun Oum is proWestern A switch in So viet policy officials said would brighten prospects for easing tensions and improving rela tions elsewhere fee by Dewey too high Japanese say TOKYO ffl Parliament Was under pressure Saturday to in estigate the reported payment of a year to former New York Gov Thomas E Dewey to promote Japanese exports in the United States Dewey has been retained since June 1959 by Jetro the governmentbacked Japan Export Trade Recovery Organization Some have com plained his fee is too high North Iowa Freezing rain warning Saturday night Freezing rain and sleet Sat urday night and ending ex cept extreme southeast by Sunday morning Continued quite cold with brisk easterly winds Saturday night Highs Sunday 26 to 32 Lows Satur day night 20 to 25 Iowa Snow and freezing raia warning east and south Cloudy and cold with freezing rain and sleet spreading over most of east portion and mixed with snow in southwest Saturday night Sunday cloudy and cold with snow likely south portion Low Sat urday night 20 to 25 north 25 to 30 south High Sunday in lower 30s Outlook for Mon day Decreasing cloudiness and not quite so cold Minnesota Cloudy snow in south Colder high Sunday in 30s GlobeGazette Weather Data up to 8 am Saturday Maximum 33 Minimum 14 Sunrise Sunset YEAR AGO Maximum 29 Minimum 5 SECRETARY DISCUSSES REORGAN IZATION Secretary of the Air Force Eugene Zuckert at a Pentagon news conference discusses a reorganization of the Air Forces research and procure ment organizations for centralizing di AP Wiotofax rection of missile programs Gen Thomas White Air Force chief of staff is at right The Army and Navy have protested that the Air Force now has a virtual monopoly on military space projects   

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