Treasury and House panel back tax withholding on interest
A draft tax reform plan would require banks and loan associations to withhold 20 percent of interest and dividends, sending 10 dollars of a 50 dollar yearly return to the Treasury and allowing taxpayers to credit that amount on future returns. The proposal aims to boost reported income and speed refunds, with Treasury support and ongoing legislative review.
MENTIONED IN THIS ARTICLE
Washington
Bank of Savings
Bank of Savings Income
Treasury
House
Ways and Means Committee
Congress
The
Chuckle Defines Politician As Open Mouth Explorer
A witty punchline notes that a politician is a man who faces every subject with an open mouth. The quip, attributed to a general audience humor source, signals the era’s satirical tone about public figures.
MENTIONED IN THIS ARTICLE
Gen
Rea, Corp
Ranger 3 Moon Mission Misses Target But Sends Data
Goldstone tracking station reports Ranger 3 aimed for the moon but flew past it by about 25 000 miles. Telescopic cameras and X ray instruments may still relay lunar surface images and data on moon rocks aiding origin theories.
MENTIONED IN THIS ARTICLE
Goldstone
Calif
Florida
Desert
Ranger
Moon
Earth
Lunar
Glenns await next flight after postponement in Arlington
Mrs. John H. Glenn Jr. and their two teenagers stayed inside the Arlington home as NASA official Ford Eastman announced the postponement of the planned orbital flight. The Glenn family and neighbors showed quiet disappointment while awaiting news and Mr. Glenn had called home from Cape Canaveral the prior night.
MENTIONED IN THIS ARTICLE
Arlington
John H. Glenn Jr
Glenn
Ford Eastman
National Aeronautics and Space Administration
Glenns
Lyndon B. Johnson
Carolyn (Lyn
Lyn
David
H. W. Castor
New Concord
Ohio
Luciano Last Of Big-Time Racketeers
New York AP reports the death of Lucky Luciano in exile in Italy. The piece notes his rise from prohibition era boss and rivalries with figures like Frank Costello, and highlights Dewey's 1936 trial that labeled him the most dangerous racketeer. It mentions his deportation in 1946 and hints the U.S. Bureau of Narcotics tracked a $150 million heroin ring.
MENTIONED IN THIS ARTICLE
New York
Lucky Luciano
Italy
Frank Costello
Underworld
Luciano
Frank
Salvatore Lucania
Sicily
United States
al Capone
Frankie Yale
Arnold Rothstein
Legs Diamonds
Thomas FE
Dewey
Lucky
U.S. Bureau of Narcotics
Washington
Car turns into path of oncoming truck near diner lot
A southbound car on U S Route 1 failed to yield and turned left in front of a northbound truck. The truck driver avoided a collision but sustained facial and hand cuts and was treated by a Kennebunk physician. Police praised the driver's evasive actions. Story on page 2.
MENTIONED IN THIS ARTICLE
Non
Kennebunk
Story
Glenn’s Cape launch postponed Reuters style headline
Heavy cloud cover at Cape Canaveral forces NASA to postpone John H. Glenn Jr.’s orbital attempt for at least 24 hours. Glenn, 40, awaits countdown in the Atlas spacecraft as technicians delay the launch from 7:30 a.m. EST and begin draining propellants, with no new launch date set.
MENTIONED IN THIS ARTICLE
Cape Canaveral
Fla
United States
John H. Glenn, Jr
Glenn
National Aeronautics and Space Administration
Hangar S
America
Gherman Titov
Yuri Gagarin
U.S
Alan B. Shepard
Virgil J. Grissom
Atlantic Ocean
Cape
Africa
Rivers swell nationwide amid heavy rain and floods
Rain and drizzle saturated much of the country turning snow into slush and swelling rivers. Indiana saw the Wabash flood its banks at Montezuma with threatened flash floods near Lebanon. Ohio roads flooded and Eastlake Willoughby Hills residents moved as the Chagrin River rose. The Ohio River freed barges near Cairo while the Mississippi iced over near Cairo. Thunderstorms hit Mississippi and Alabama with heavy rain.
MENTIONED IN THIS ARTICLE
Associated Press
Indiana
Montezuma
Lebanon
Lima
Ohio
Spencerville
Eastlake
Willoughby Hills
Cleveland
Chagrin River
Ohio River
Cairo
Ill
Mississippi River
Also Mentioned on This Page
Catholic Digest
Catholic Press Association
St. Joseph High School
Madeleine Tremblay
Jeanne Nadeau
Suzanne Baiguy
Everett Bagnell
Elaine Dubois
Loyce Addorio
Doris Methot
Webhannet Club
FE. D. McKeon
Colonial Drive
Alice L. Downing
Harold H. Bourne
Percy Boothby
McKeon
Arthur Jack
Charles Belyea
Fred Bunnell
Josef Arentz
Kennebunk Junior High School
Pamela Jones
Gregory Jackson
David Knight
Michael Barra
State Student Council Association
Stephen Gordon
Dale Bodwell
Space
Jinto
Hollywood
Francis W. H. Adams
Wells
Charles Shannon
Saco
Bernard E. Bushey
Westbrook
Shannon
Bertha Shannon
Webber Hospital
Shan
Mississippi
Alabama
Columbus
Miss
New York State
New England
Pacific Northwest
Montana
North Dakota
Minnesota
International Falls
Minn
New Mexico
Lake Fiie
California
Texas
Ohio Valley
Middle Atlantic
Laconia
Federal Credit Union
Pepperell Mfg. Co
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