College Fathers May Get Tax Break Under Revision
A Senate Finance Committee report supports a tax revision provision allowing parents to keep the $600 child exemption for college students or under 19 dependents even if the student earns more than $600, provided the parent furnishes over half the support. The measure would aid about 1.3 million taxpayers, costing roughly $7 million annually, with an $1,400 900.0% first-year tax cut overall.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
House
Individus
Finance Committee
Sen. George
D-Ga
Millikin
Rcole
War Orphans Win 2000 Scholarships From AMVETS
Six war orphans received four year college scholarships totaling 2000 dollars each from the AMVETS National Service Foundation. Five fathers died on active duty in World War II or Korea, making the awards part of a wartime support program demonstrated in Washington on May 7.
MENTIONED IN THIS ARTICLE
Washington
Korea
Th Amvets National Service Foundation
Army Orders Publicized Transfers and Promotions Across Posts
The Army released a list of personnel moves and assignments including Maj Gen Thomas J. Trapnell as acting commander in Indochina, G3 staffing shifts at Fort Belvoir and Montery area, numerous artillery officers reassigned to Ft Campbell Ft Sill Ft Lewis and Fort Meade, and several officers marked for permanent unfitness or reassignment to Kilmer and other posts with deadlines noted.
MENTIONED IN THIS ARTICLE
Thomas J. Trapnell
Maag Indochina
Asg Ft
Malonawe M. Gavin
Lewis D. Beech
Meade
Presidio of
Monterey
Presidio
Me Salyer
Polk
William C. Armor
Bel- Seearate
Lindberg
Aames Armor
Campbell
Sill
Robert R. Piragowski
Merle R. Thompson
Andrews Afb
Kilmer
Robert &. Kitten
Ft Baker
Ft Lewis
James P. McDermott
Ft Holavird
Charles R. Otterbourg
Ft Meade
Francis C. Kull
Asg
Selfridge Afb
Usaffe
William C. Uhis
Carson
Vik
Iceland
William J. Bose
Brace
Lewis
William H. Jones
Broughton
James E. Linda
East Rutherford
Jack A. Merrigan
Belvoir
Roland R. Sullivan
Tilden
Earnings Show Slight Gain From 1953 Level
New York profits of 616 leading American corporations for the first quarter totaled 1.884 billion dollars, up slightly from 1.879 billion a year earlier. Elimination of the excess profits tax aided gains while some industries fell, notably railroads and steel. General Motors and Du Pont led large advances. Chrysler plunged as Nash Studebaker and Packard weakened.
MENTIONED IN THIS ARTICLE
New York
Associated Press
General Motors Corp
E. IL. du Pont de Nemours & Co
General Motors
du Pont
General Electric Co
Bell Telephone System
American Telephone & Telegraph Co
Standard Oil Co
New Jersey
Standard of California
Calin
Cial
Geany
Chrysler Corp
Nash, Studebaker
Packard
Industry. Com
Corporations Report Slump in Profits Compared to Last Year
An AP tabulation covering the first 150 corporations to report shows a nearly 12 percent decline in profits from 1953, compared with a more favorable reading from two weeks earlier.
Cowpokes Arrive in Illinois to Defend College Flying Title
Oklahoma AIM students and flight instructors arrive in Champaign Illinois to defend the annual intercollegiate flying title known as the flying Aggies. They will compete in events today and tomorrow before returning to Stillwater.
MENTIONED IN THIS ARTICLE
Cowpokes
Illinois
Stillwater
Okla
Oklahoma Aim
Champaign
Ill
Flying Aggies
Tomore
Stillwater Sun
New Heads Named On Election Boards
Oklahoma City May 7 The State Election Board named new chairmen for Jackson and Pittsburg county election boards. Robert McAskill of Altus becomes Jackson county chairman replacing W B Gover and Otto Copeland of McAlester becomes Pittsburg county chairman replacing Frank Thor ton. McAskill takes effect immediately and Copeland on June 1 per Board Secretary J William Cordell.
MENTIONED IN THIS ARTICLE
Oklahoma City
State Election Board
Jackson
Pittsburg
Robert McAskill
Altus
W. B. Gover
Otto Copeland
McAlester
Frank Thornton
McAskill
Copeland
J. William Cordell
Also Mentioned on This Page
Stee Leu
Southwestern Radio & Sound 4Théere
Army’s “Co
Fort Bragg
N. C
Fort Sill
U.S. Army
Army
St.joseen Jos « Aspirin
Business College
Emerson
Baylor
Wm. Rogers
Westinghouse Rooster
Elgin-American
Arvin Grill
Community White Orchid
Parker
Ballerina
Pretty Jewel Box
Zale Jewelery Co
Dormeyer “Mealmaker
Jewel Hamilton
America
Oxqat Bianono
FOOT
Chas. M. Pike
Suite
Koehler
Hamra's
Dept. Store
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