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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 03, 1957
Page
4
A roundup from Sacramento details backers of survivors school aid, tax proposals, and a quick switch to condition any school funding increase on new revenues. The Assembly debated Rainy Day funds, investment reserves, and a two-year tax study while seeking a way to finance a boosted school appropriation.
SACRAMENTO UR A 55 300 000 tax break for corporations was approved by the Senate on a 27 to 9 vote. SB410, backed by Sen Arthur H Breed Jr, would allow an accelerated depreciation write off. Finance and Franchise Tax Board officials estimate the bill saves corporations 5.5 million dollars and aligns state law with federal tax statutes. Opponents argued it would benefit one group and amount to a windfall.
Los Angeles man Kostal, 36, tied to an armed robbery at a Wilshire Boulevard cafe on November 26, was convicted this Thursday and faces sentencing Monday. He had escaped Folsom prison on November 21 with Arthur Watson, who was recaptured, while Kostal remained at large for 10 days before capture.
Bishop Michael J. Ready, 64, longtime spiritual leader of Roman Catholics in central Ohio and head of the Columbus diocese, died Thursday. Born in New Haven, Connecticut, he united Catholic communities across the area.
On a rainy day two years ago a Kansas City housewife left a beauty shop for her car and three days later her nude body was found in a pasture with no clues. The advertisement notes Reader's Digest May issue features condensed stories from various sources and Arthur Godfrey discusses the magazine on CBS radio.
In a University of Missouri journalism week, editors and peers urged end to the State Department news blackout on Red China. Ralph McGill and other media figures pressed for access to first hand reporting, arguing open coverage best serves world peace and accurate views of China.
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