IRS collects 2.2 million from 41 high earners
The IRS reports 2.2 million in taxes collected from 41 wealthy filers who initially claimed no tax due for 1971. Treasury Secretary George P. Shultz announced the figures in Washington.
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Newspaper
Childress Index
Location
Childress, Texas, United States of America
Date
May 03, 1973
Page
1
The IRS reports 2.2 million in taxes collected from 41 wealthy filers who initially claimed no tax due for 1971. Treasury Secretary George P. Shultz announced the figures in Washington.
Wholesale prices for meat and processed foods fell 2.9 percent in April, the first drop in six months, while industrial raw materials rose 1.4 percent the largest monthly gain since January 1951. Overall wholesale prices rose 0.8 percent, with a 1.0 percent seasonally adjusted increase.
The government reports a seasonally adjusted annual rise of 17.3 percent in the price index over six months, driven by higher costs for industrial commodities and fuel. Wholesale prices climbed to 139.7 in April, up 11.2 percent from a year earlier, with food and farm goods showing mixed movements.
The report shows a 0.7 percent drop in wholesale food prices, while dairy products rose 0.3 percent and 8.3 percent from a year ago. Cereal and bakery items climbed 2 percent for the month and 9.7 percent yearly, with sugar and confectionery up 1 percent and 4.8 percent. AFL CIO President Meany blames out of control prices and calls for broad price controls.
Tulsa District of the Corps invites bids to build a test water collection system on Jonah Creek, a Red River tributary, 12 miles NW of Childress. Estimated cost 100000 to 500000 dollars, due for opening May 31. System will pump brine into an 8500 foot deep injection well at 450 gallons per minute for study of salt control methods.
The Eighteenth District of Veterans of World War I plans its convention here on May 26 led by District Commander George O. Spear. About 150 veterans and their wives are expected with registration from 9:30 to 10:30 a.m. at the Veterans Building and a luncheon at Gay's Cafe.
Heavy fighting erupts around Beirut with tank and artillery bombardment of highrise blocks as Palestinian guerrillas clashed with Lebanese army units near the Tel Zatar camp. reports from Palestinian radio claim dozens killed and wounded. cease fire efforts fail to hold.
Stacy Lanham, a Childress High School senior, won first place in Region I of the Texas Conservation Awards Program essay contest. She accepted a trophy at the Crowell regional banquet after presenting Natural Resources Meeting the Needs of the People. Second was Joan Waters Hereford. third Shirley Walston Sanford-Fritch.
John B. Connally announced his party switch in Houston at a news conference saying 1974 and 1976 may be difficult years for incumbents in both parties. He noted political uncertainty and Watergate’s impact while denying any pursuit of office in 1976. He is a former Johnson protege who served as Navy secretary and Treasury secretary.
Childress Chamber of Commerce will operate a community calendar to inform residents of local activities. Ken Peitz urges every Childress organization to submit dates and times of planned events to coordinate community planning.
Texas Highway Commission awarded contracts for highway work in Wheeler, Childress, Cottle and Hardeman counties. Interst ate Highway Sign Co of Little Rock will install signing and lighting on 3.5 miles of I 40 in Wheeler County, in charge O L Johnson. Cooper and Woodruff of Amarillo to grade and surface 8.4 miles of Park Road 62 and FM 268 and 3256 in three counties, low bid 294 925 25. Arville Coyle leads in charge for 120 days.
The Texas House Reapportionment Committee ended a revolt against chairman Fred Head after an apology and a one-week cooling-off period. Head faced opposition over reporting a redistricting bill amid heated remarks and threats to stay until hell freezes over. The committee resumes after adjournment, with next steps on House and congressional districts postponed to next week.
A two day Veterans of Foreign Wars convention for District 13 begins Saturday with VFW and Auxiliary activities. Roy Bussey leads meetings while Kay Flowers heads the Auxiliary. Mel Stanley, former Texas commander, speaks. Registration opens at 3 p m in the Veterans Building followed by a dance with Four Aces. Sunday registration starts at 8 a m and the event ends with a 3 p m social.
Lions Club led paving plan faces a block short of 15 required blocks to hire a contractor. Gordon Gravley urged residents to back the project, promising low costs at 5.35 per running foot and monthly pay as low as 15 dollars. Call 7 3218 for details.
A 1972 final tally shows Childress County produced 35 951 bales on 42 406 acres, with an average yield of 423 pounds per acre. Director Gene Frisbie notes the year was among the best in county history despite allotment-driven lower per acre production. Most cotton north of the Red River was ginned at Hollis Dodson Wellington and Memphis.
All members and non members of the Licensed Vocational Nurses Association are urged to attend a salad supper at 7 p.m. Monday in the hospital dining room. Speaker will be Mike Evans of Amarillo Past President of the Texas State Nursing Association. He will speak on LVNA importance and LVN nursing future.
The Open Playday for District Six of the American Association of Sheriff Posses scheduled in Childress Sunday has been postponed. Clubs will instead work in Vernon at the Santa Rosa Arena in preparation for the Santa Rosa Roundup.
Richard Lawhorn of the Vernon Social Security office will be at the Childress Courthouse at 10:00 a.m. Monday May 7 to take applications for social security benefits.
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