Phillips on Dollar Salary Cites Taxes
Phillips Petroleum Co chairman Frank Phillips cut his salary to 1 a year from 50000 due to heavy tax deductions. He explained in the March issue of Philnews that he did not see why the company should pay him more amid tax changes.
Grandpa's Napkin Describes a Grandsire's Habit
Edgar A. Guest recalls why a grandfather keeps a napkin under his chin. He explains that with age comes care and pride, and the napkin protects his clothes from gravy and stains as his hair turns silver.
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