Long Defends Oil Depletion Allowance Amid Profits
Senator Russell Long has earned over 1.2 million dollars in overriding oil royalties since 1964 with 329 thousand tax free under the 27 percent depletion rule. He argues the deduction supports exploration while pointing to his Louisiana state leases and family trusts as part of his oil income.
MENTIONED IN THIS ARTICLE
Baton Rouge
Russell B. Long
Congress
Louisiana Mineral Board
Long
Finance Committee
Louisiana
Senate
Leigh
Independent Oil & Gas Co. Inc
Win Or Lose Corp
Win Or Lose
Huey Long
Russell Long
Linkletter's Daughter Plunges to Her Death
Hollywood AP reports Art Linkletter's daughter Diane 21 died after falling from a sixth floor apartment at about 3 a.m. while a friend was with her. The sheriff cited an emotional state and could not disclose the friend's name. Linkletter and his wife have four other children.
MENTIONED IN THIS ARTICLE
Linkletter
Hollywood
Art Linkletter
Sheriff's Office
Diane Linkletter
Norm Hamilton
Hamilton
Underground railroad aids American deserters to Canada
A loose network of pacifist and antiwar groups helps hundreds of U S servicemen desert to Canada monthly. The system provides shelter, false papers, money and transport, with major activity in New York Boston and San Francisco. Deserters seek refuge amid Vietnam War opposition and lenient Canadian immigration policies, aided by 26 Canadian groups offering housing and guidance.
MENTIONED IN THIS ARTICLE
New York
Canada
New “Underground Railroad
Montreal
McGill University
Toronto
Tom Needham
Union of American Exiles
Vietnam
Armed Services
British Columbia
Vancouver
U.S
Underground Railroad
Boston
San Francisco
The
Movement
Travis Air Force Base
Exiles Union
Hobby Farm Tax Reform May Hurt Hog Producer
A Marshalltown tax attorney warned that the proposed tax reform bill could hurt hobby farm operators by vague excess deduction rules. He and other experts say tax loss farming may be limited and tax service fees rise, with effects unclear for years. The bill, already passed by the House and awaiting Senate action, imposes complex effective dates and an excess deduction account that caps nonfarm income losses. Iowa Congressman John Culver supported the measure in the House vote.
MENTIONED IN THIS ARTICLE
Marshalltown
Arley J. Wilson
Wilson
American Bar Association
Washington
House
Senate Finance Committee
Russell Long
D-La
Iowa
John Culver
Chuckle Caption About Kids and Advice
A lighthearted quip notes that many young boys are drawn to mischief despite their mothers telling them not to play with such company. The line reflects a playful parental warning and a child's stubborn curiosity.
Manhunt ends as fugitive captured near Waterloo police
Stanley Barton Hoss Jr. from a Pittsburgh jail escape was arrested in Waterloo across from the police department. He faced federal charges of unlawful interstate flight to avoid murder and kidnapping prosecutions and was arraigned before U S Commissioner Fred Clark Jr. He resisted arrest and used an alias William Young. Detective teams recovered a loaded revolver in the suspect’s car, a missing 1969 convertible tied to the abduction of Mrs Linda Mae Peugeot and her 2 year old daughter Lori Mae since Sept 22. He was returned to Black Hawk county jail after arraignment. Authorities believed he had been in southern Minnesota and the FBI had issued alerts across the Midwest.
MENTIONED IN THIS ARTICLE
Waterloo
UPI
Stanley Barton Hoss, Jr
Pittsburgh
Waterloo Police Department
Robert Wright
Hoss
Cumberland
Linda Mae Peugeot
Lori Mae
Wright
Peugeot
U. S
Fred Clark, Jr
Black Hawk County
Allegheny County
FBI
Minnesota
William Young
Waterloo Force
Also Mentioned on This Page
Atte
Mineral Board
Thomas Leigh
Golda Meir
Israel
Milwaukee
Denver
Rocky Mountain
John Petechuk
New ‘Underground Railroad
John Kifner
New York Times Service
Midwest
Today's Index
Frank Nye
Marion
Parade
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