12 Jul 1962
Page 1
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Newspaper
Sarasota News
Location
Sarasota, Florida, United States of America
Date
Jul 12, 1962
Page
1
Baseball great 74 year old McKechnie fought off two intruders Wednesday night at his home in Bradenton. One assailant wore an iron pipe. the other carried a pistol. McKechnie, awaiting Hall of Fame enshrinement, declined further details as deputies searched for suspects.
President Kennedy announced immediate new depreciation guidelines that amount to a $1.5 billion tax cut for 1962 corporate and non corporate taxes. The plan aims to spur investment, create jobs, and boost U.S. productivity by allowing faster, more realistic depreciation across assets from dairy cows to typewriters and supermarket pushcarts.
Venice Mayor Smyth Brohard told the Kiwanis club he aims to reach a deal with the State Road Department and WCMD over the C-1 canal route while pushing for a four-lane U.S. Highway 41 into Venice. He said the city would accept two drawbridge lanes and emphasized keeping traffic flowing, inviting public input at a July 20 forum.
NASA proposes a two man four day moon expedition months ahead of prior plans with 10 to 15 percent lower costs. Studies begin on unmanned freight rocket and Nova rocket development is postponed at least two years.
Senate Finance Committee, 10-5, rejects the administration proposal to withhold 20 percent of all dividends and interest at payment. Five Democrats join five Republicans in voting against the provision, while a reporting tightening measure for dividends and interest is approved. Kennedy had pushed the withholding idea as part of the tax revision bill passed by the House.
Sarasota News sports pages under Sports Editor Frank Madden offer broad coverage from fishing to baseball to golf. The paper claims to be Florida’s best sports section and aims to improve continually, serving readers with a complete range of sports content.
Rep. William Cramer accuses Democratic National Chairman John Bailey of distorting and exaggerating in a Florida fund raising drive. Cramer says Bailey praises New Frontier radicalism in a conservative state. Bailey campaigned in St. Petersburg urging Democrats to win every district and to unseat Cramer, Florida's sole Republican congressman.
Moham med Ben Bella, former dissident Nationalist Vice Premier, returns to Algiers after a decade in exile and imprisonment. He pledges to honor the Evian accords with France and seeks a free Algeria.
Commissioner Doyle Conner told 50 farm safety representatives from 25 states and Canada at the Colony Beach Resort that Florida’s Farm Safety Committee is effective. He praised the Florida Industrial Commission, Governor's office, Fruit and Vegetable Association and Education Department for safety efforts and noted the high farm accident rate historically. Cooney of Flag Sulphur and Chemical reported on state program progress to control damages from agricultural sprays and chemicals.
Senate investigators labeled the Texas field office case a mess as UPI reports past and present Agriculture Department officials testified that cotton allotment transfers to Billie Estes were routinely approved despite alerts to possible abuses. Chairman McClellan pressed for reform questions as testimo ny covered the Kennedy and Eisenhower administrations.
Public classifieds note from Sarasota promoting FHA home loans through Sarasota Federal. Claims as low as 3 percent down with low monthly payments and low interest rates. Includes contact number 965-1161 and an attribution Ady.
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