Wealthy art collector wins tax case over hobby versus investment
A U S Appeals Court dispute over a New York and Palm Beach art collection centered on whether the owner’s 18th century French works were an investment or a personal hobby. The Court of Claims split, upholding the IRS view in part while allowing deductions in the broader sense, concluding the cases’ facts showed personal pleasure as the primary purpose.
MENTIONED IN THIS ARTICLE
United States
New York
Palm Beach
Metropolitan Museum of Art
IRS
U.S. Court of Claims
Court of Claims
Asi
Preparation H Provides Fast Relief For Hemorrhoidal Swelling
Doctors report a nonprescription remedy that relieves itching and pain from swollen hemorrhoidal tissues. Preparation H ointment or suppositories delivers prompt hours of relief and helps reduce swelling, with doctor-tested effectiveness and no prescription needed.
North Ridgeville Charter Amendment Seeks Elected Educator Seats
North Ridgeville voters will decide on a city charter amendment allowing teachers and principals who live and work in the city to hold city council seats. The measure, approved by council July 20, follows debates over current prohibitions on public employees serving on the council.
MENTIONED IN THIS ARTICLE
North Ridgeville
George Marquis
Richard Glavner
Glauner
Council
Sheffield Lake to Seek Sewer Bond Approval
Sheffield Lake plans a $375 000 bond issue to fund sanitary sewers on 13 streets in 1971, financed by 122 homeowners at about 7.70 per frontage foot. Voters vote November 3 to approve the indebtedness, with state law urging effective sewer systems to curb pollution.
MENTIONED IN THIS ARTICLE
Sheffield Lake
Swanker
Ohio Water Pollution Control Board
Clearview Seeks 5-mill Levy for School Budget
Clearview school board puts a 5-mill additional operating levy before voters on November 3 to raise about 80 000 dollars. The district faces a projected 1971 budget deficit near 70 000 dollars.
MENTIONED IN THIS ARTICLE
Lorain
Clearview
Lorain Youth Says Tires Shot At Car
A 16 year old Lorain youth reported to police that a passenger in another car fired at his car tires while traveling west on East Erie Ave from Colorado Ave. The incident occurred about 12 30 a m with five passengers in his car.
MENTIONED IN THIS ARTICLE
Lorain
Daniel Waite
Broadway
East Erie Ave
Colorado Ave
Mildred Ave
Waite
City plans sewer project with revenue bonds and targeted streets
The Alternate to voter approval is revenue bonds costlier to taxpayers. Federal funds cover major trunk lines only. Swanker notes severe pollution streets chosen for immediate construction and 49 homes off-sewer are widely separated. City expects normal bond retirement to finish sewering without new votes. Planned streets include Oak Hollywood Buckeye Richelieu Dunny Grantwood Robinwood Kennilworth Cliff Edgewater Sunset Maple Stark Edgewater Abbey Oliver.
MENTIONED IN THIS ARTICLE
Swanker
Council
Oak
Hollywood
Buckeye
Richelieu
Dunny
Grantwood
Robinwood
Kennilworth
Cliff
Edgewater
Sunset
Maple
Stark
Edgewater Abbey
Qliver
Pill Still Widely Used Despite Rare Blood Clots Risks
A reader discusses the safety of oral contraceptives, noting their continued popularity. The AMA figures show higher clotting risk for pill users, especially over 34, yet the majority can use the pill safely. Also included are brief medical Q A notes and a call for a pamphlet on menopause from Dr Steinerohn.
MENTIONED IN THIS ARTICLE
American Medical Association
American Medical Society
Rotary Luncheon to Feature National Economic Theory Talk
Elyria Rotarians will hear a noon talk on national economic theory and future trends at the YMCA Tuesday. James Dawson, chief economist at National City Bank of Cleveland, will be the speaker.
MENTIONED IN THIS ARTICLE
Elyria Rotarians
YMCA
James Dawson
The
National City Bank of Cleveland
Also Mentioned on This Page
Virginia College
Lorain County Community College
Randolph- Macon College
Lynchburg
LCCC
Office of Student Services
Virginia Women's College
Kipton
C.P. Huntington
Sacramento
Calif
EWS
North Ridgeville School System
Albert Hintz
Lakewood
Hintz
Councilmankc
Bernard Lysaght
Marquis
Gerald Morris
Charles Stuart
Lysaght
U.S.D.A
Carrenmes
Sys
Robert Swanker
Chicago
William H. Gillies
Gillies
Lorain County
E.O.M
Wayne Wise
Cleveland
Hawthorne ST. Elyria
O. 2
Dr. Steinerehn
Rotary
Speed Queen
D. S Appliances, Inc
Lorain County S Appliance Supermarket
RT. 20
Elyria
Oberlin
Rural Furniture Mart
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