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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Aug 07, 1963
Page
18
Leslie G reports on two sets of tax rules affecting a former SEC chair and NYSE head. The piece discusses acquittal outcomes, the IRS, and guidance on balancing income versus growth stocks for retirement, urging readers to consider tax implications and future gains.
The report describes tangled public scrutiny around VeongaHun and others as a U S attorney pursued a tax indictment. Leaks and publicity shaped perception while certain defendants settled taxes and faced no bail, with one Pleading guilty and another leaving before trial.
Blue troops pressed toward Newberry today after their third airborne drop in three days as Swift Strike TaA nationwide peacetime exercise. The 1st Airborne Division added 1 490 paratroopers to Blue forces, seizing key road junctions near Route 76 while Red kept a block near the National Guard armory. no major casualties were reported.
The House Ways and Means Committee backed a tax reform proposal to deny interest deductions for high bracket taxpayers using prearranged insurance plans that borrow cash value to pay premiums. The plan would protect genuine borrowings for unforeseen needs and aims to raise about $10 million annually in additional revenue.
Honolulu Advertiser reports retailers estimate a $10 million sales loss during the June 21 strike. The six unions reach three year contracts ending the stoppage with wage increases of five dollars a week and fringe benefits.
Mrs. H V Martin gave birth to her eighth son yesterday in Denver. Three hours later her 14 year old son Steve was struck by a car while riding his bicycle and he was taken to the operating table.
Moscow reports the 19th unmanned Cosmos satellite gathering scientific data after launch yesterday. It orbits at a maximum height of 332 miles and a minimum of 167 miles near the Austrian village of Lutzmannsburg as authorities note a Hungarian refugee to Austria within the last two weeks.
The report notes Abdirashid Ali Shermarke visiting Peking and a Berlin border guard remarking on Somalia and China as brothers. An East German Army spokesman says Radio Net coverage marked its 20th anniversary and listeners enjoy the network’s programming.
Receipts at auction show cattle 7400 and calves 600 with all at auction. Hogs 300 and goats 300 noted for special show and auction. Sheep 50 scarce. insufficient to establish trends. Arrival basis suggests varied demand with bids influenced by quality.
BELGRANE Yugoslavia AP Soviet Ambassador Alexander Puzanoy announced on Tuesday in Fort Worth that Moscow offered to Slavic peoples. The report mentions calves steers heifers and cows linked to industrial and agricultural aims, with prices and market terms noted amid a chaotic transcription of farm and local stock terms.
NEW YORK AP The stock market faltered in its fourth session as gains faded into a mixed pattern. Trading remained active with over one million shares in the first hour as steel and motor stocks fell while rubbers utilities and oils stayed in the plus column.
Mary Louise Trimmer files a $500000 alienation of affections suit against Dr. Kenneth B. Trimmer’s wife Peggy May Balcom Worthington Moody Trimmer. The complaint names Roberta Gail Trimmer as a minor and cites years of marriage from 1948 to 1961 with alleged interference, gifts of money, and the present wife’s alleged wealth exceeding $1 million.
An American defector, Lowell D. Skinner, plans to depart Hong Kong tomorrow for the United States. He booked a Tokyo flight then a New York connection, aiming to reach Akron Ohio. The 22 year old former U S Army corporal arrived in Hong Kong after nine years in Red China, saying he was disillusioned with Chinese communism.
A Hungarian soldier in full uniform fled to Austria on Tuesday night and sought political asylum in Vienna, according to UPI. It is unclear which unit or exact motivations prompted the escape.
Secretary of the Air Force Eugene M. Zuckert testifies he had contacts with 12 Congress members and Vice President Johnson during the TEX warplane contract negotiations. The Senate subcommittee transcripts name lawmakers Kerr Monroney Symington Kilgore Carlson Pearson Shriver Magnuson and others, with discussions varying in nature.
African UN members faced a hard fight as a Ghana Morocco and the Philippines tabled a resolution for a partial economic boycott of South Africa. The United States Britain France and Norway rejected parts of the text in the Security Council discussion Tuesday.
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