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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 11, 1958
Page
2
Paul Close delivers The Gazette to about 50 readers on Wilson avenue SW from 2000 block to Edgewood apartments. The Roosevelt junior high eighth grader saved part of his earnings for college and bought a new bicycle with the rest. He plays clarinet in the Roosevelt band.
Sylvia Porter reviews how IRS rules determine when gifts and entertainment count as deductible business expenses. Examples show deductions allowed for customer entertainment and gifts tied to business gain, and disallowed when tied to personal or policy-violating aims.
The United Fund budget review committee tentatively approved two agency budgets for 1958 totaling nearly $70,000 with $41,595 to be raised in Cedar Rapids and Marion. Jane Boyd Community House seeks $37,090 in expenditures and $29,890 to be raised. Home for Aged Women requests $32,730 in expenditures and $11,705 to be raised. The panel noted a possible campaign goal adjustment toward $500,000 and discussed pooled insurance and central purchasing to save costs. The Home for Aged Women, though increasing fall support, shows a smaller deficit due to reserve use.
Earl Belle 26 called a “boy wonder” and head of Cornucopia Gold Mines Inc a holding company says he is no longer active in the business after being located in Rio de Janeiro. He faces a federal investigation while maintaining control of diversed interests and a Pittsburgh based operation.
Notices advertise bids for vehicle purchases including pickups and sedans. Proposals seek outright purchases and specific lot numbers 2427 to 2428-16. Information available from the Iowa State Communications Division Ames Iowa. dated notes by Robert Ssett, state car dispatcher.
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