Kennedy Faces Senate Fight Over 1.2 Billion Tax Bonus
President Kennedy struggles to salvage a 1.2 billion tax bonus for business as Senate Finance Committee chairman Harry Byrd opposes the plan. Senator Gore backs a separate 1.5 billion depreciation reform tax break and opposes an 800 million direct corporate tax cut. The panel also killed the 20 percent withholding tax on dividends and interest, a key revenue source. Continued on Page 6.
MENTIONED IN THIS ARTICLE
Washington
Wpp
Kennedy
Senate Finance Committee
Harry F. Byrd
D-Va
Albert Gore
D-Tenn
Gore
See Foreign TV Programs Via Telstar
New York observers report Telstar linked the Old World with the New allowing Americans to watch French and British TV live. A program from Goonhilly Downs, England aired hours after Europe sourced signals were relayed via the satellite. The system sent European signals to Telstar then back down to Earth in milliseconds.
MENTIONED IN THIS ARTICLE
New York
Telstar
Goonhilly Downs
England
Europe
Space
Agin
Earth
10 Year Term Decreed for Howard Guess
Howard Wayne Guess, 23, of West Terre Haute, was sentenced to 10 years at the Indiana State Reformatory after pleading guilty to armed robbery of Richard Nasser Grocery at 530 South Third Street on Oct 3, 1960. He faced up to 20 years for the robbery and possible extra punishment for injuring the grocer who was shot in the left ear.
MENTIONED IN THIS ARTICLE
Circuit Court
Edward L. Hamilton
Howard Wayne Guess
West Terre Haute
Indiana State Reformatory
Richard Nasser
South Third Street
Minister Drowns While Swimming at Lake Barbee
The Rev. Daniel J. Howard 26 pastor of First Christian Church Eaton drowned Wednesday while swimming with church youths at a Lake Barbee camp. State police recovered his body an hour after he was reported missing.
MENTIONED IN THIS ARTICLE
Warsaw
Ind
Daniel J. Howard
First Christian Church
Eaton
Lake Barbee
Slayton Loses Solo Space Wings Over Heart Trouble
NASA announces astronaut Donald K. Slayton, 38, has heart trouble ending his solo Mercury flight. He will work on Mercury Gemini Apollo planning at Houston Manned Spacecraft Center. James Webb says Slayton not ruled out of two and three man flights in the future.
MENTIONED IN THIS ARTICLE
Washington
Donald K.deke
Slayton
Air Force
Manned Spacecraft Center
Houston
James E. Webb
National Aeronautics and Space Administration
Webb
Kennedy seeks probe on King and Albany jailing
President Kennedy asked Attorney General Robert Kennedy for a report on the jailing of Martin Luther King Jr and another minister in Albany Georgia as stated by the White House on Wednesday.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Robert F. Kennedy
Martin Luther King Jr
Albany
White House
Collision on U S 41 injures three. one dead
Sixty five year old Leslie P Akers of Shelburn burned to death when trapped in his car after a collision with Robert Tewell of Loogootee on U S 41 about two miles north of Farmersburg around 12 45 a m The other vehicle's occupant and Akers nephew James E Wollo well 16 were hospitalized with injuries The crash left Akers vehicle down an embankment into a tree with the car exploding. Akers died at the scene The nephew suffered burns and facial injuries but was listed in good condition at Sullivan hospital
MENTIONED IN THIS ARTICLE
Leslie P. Akers
Shelburn
Farmersburg
James E. Wollowell
Robert Tewell
Loogootee
Mary Sherman Hospital
Sullivan
Indiana
Akers
Tewell
U. S. 41
Yollowell
Paul
Lavern
Indianapolis
Margaret Gipson
Marie Pinkston
Merom
Myrtle Akers
Stella
Brown
West Terre Haute
McHugh Funeral Home
Nationa
Hoover
Protest Rally Against Medicare Protest Fails Says Saskatchewan Leader
Regina reports a large anti medicare rally staged by Keep Our Doctors outside the Saskatchewan legislature was dismissed as a failure by Premier Woodrow S Lloyd. Police put attendance near 4000 with the premier estimating 2500 to 3000 and calling the rally not representative of Saskatchewan.
MENTIONED IN THIS ARTICLE
Regina, Sask
Woodrow S. Lloyd
Lloyd
Saskatchewan
Medal of Honor marks 100 years since Lincoln act
Washington July 12 marks a century since Lincoln signed the act authorizing Medals of Honor for Army soldiers. 2,199 awards have been given across nine wars. 176 living recipients remain. Army Capt. Ola L. Mize of Fort Benning and Luther Skaggs of Washington laid wreaths at the Tomb of the Unknowns in Arlington.
MENTIONED IN THIS ARTICLE
Washington
Lincoln
Arlington National Cemetery
Army
Ola L. Mize
Ft. Benning, Ga
Luther, Skaggs
Mize
Kennedy unveils new depreciation tax rules to aid business
President Kennedy announced revised depreciation schedules to allow faster write offs for equipment and farm assets. Officials foresee a $1.5 billion yearly relief and possible broader income tax cuts later this year. Some sources warn plans depend on a Senate tax credit proposal and could keep further reform for next year.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Senate
Islands shelled as Taiwan reports third attack in five days
Formosa July 12 Chinese Communists shelled the Quemoy and Matsu islands for the third time in five days. The Chinese Nationalist government in Taipei said the attacks were light.
MENTIONED IN THIS ARTICLE
Taipei
Formosa
Quemoy
Matsu Islands
Weather Map Update and River Stage Report
The Weather Bureau map notes a 6am reading and a noon update. Sunrise 5 33, sunset 8 38. River stage is 3 1 feet and rising slowly.
Local Conditions Report Weather Snapshot
Yesterday reached 90 degrees with a low of 64. Precipitation measured at .14 inches.
Weather summary for Terre Haute Indiana and Illinois
Partly cloudy with scattered thundershowers tonight and Friday. Lows near 60s, highs in mid 80s for Terre Haute. Illinois sees little temperature change, showers mainly central through evening, lows around 60s and highs near 70s to 40s?
MENTIONED IN THIS ARTICLE
Terre Haute
Indiana
Illinois
Tax Cut At A Glance
The July report outlines new tax depreciation schedules affecting nearly all firms and farmers. It explains that equipment like a $300 tabulating machine now has a shorter useful life, allowing faster tax savings and quicker replacement, with Kennedy hoping for more jobs and modernization through faster business expansion.
MENTIONED IN THIS ARTICLE
Washington
Kennedy
Ribicoff to Seek Senate Seat in Connecticut
Secretary of Health Education and Welfare Abraham Ribicoff will resign to pursue the Democratic Senate nomination in Connecticut. He will announce on a television program tonight and his resignation is reportedly to be sent to President Kennedy in advance.
MENTIONED IN THIS ARTICLE
Washington
Abraham A. Ribicoff
Health, Education and Welfare
Connecticut
Kennedy
Ribicoff
Wabash Valley Commission Seeks Survey
The Wabash Valley Interstate Commission met at Terre Haute House to review a proposed Army Corps of Engineers survey to guide development of the valley's industrial, commercial, recreational and natural resources. Discussion covered Highway 70 bridge plans and design revisions, with objections to height affecting river navigation. a Corps recommendation pending release.
MENTIONED IN THIS ARTICLE
Wabash Valley
Army Corps of Engineers
Barton
Corps of Engineers
FBI reports Indiana crime up 6.4 percent in 1961
Indiana crime rose 6.4 percent in 1961 from 39,596 to 42,112 as population grew 1.4 percent to 4,711,000. Murder and aggravated assault fell. burglary and larceny rose. forcible rape increased slightly. robbery rose to 1,783 cases.
MENTIONED IN THIS ARTICLE
Hoosierland
Indiana
FBI
Hoover
Tumpane Awarded Renewal Contract
The Tumpane Company, civilian operator of Air Force Storage Site No. 7 in North Fruitridge Avenue, received a $1,104,884 renewal contract from the Air Force for continued operation. Senator Vance Hartke announced it. H J Stwalley noted the amount is about one third of the usual total. Negotiations are in progress at Warner Robins Air Material Area in Georgia.
MENTIONED IN THIS ARTICLE
Tumpane Company
Air Force
North Fruitridge Avenue
U. S
Vance Hartke
H. J. Stwalley
Warner Robins
Georgia
Also Mentioned on This Page
By Hale Montgomery
Commission
Peru
Charles Hedde
Lawrenceville
J. Roy Dee
Mt. Carmel
Clarence Klassen
Springfield
Howard Guess
JFK
U.S
Korea
By David D. Lewis
Equipment Lasver
Kennedy Gee
U. S. Weather Bureau
SEC
Wabash Valley Commission
By R. Youngblood
William J. Eaton
J. Edgar Hoover
United States
Vigo County
The
Public Service Co
Floyd Hartman
PSC
John Galey
Tumpane
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