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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Sep 29, 1970

Page

7

North Olmsted awards contracts for Forest and Birch schools

The North Olmsted school board approved contracts totaling 1.317 million dollars for Forest Elementary and Birch Elementary additions. Forest on Lorain Road will serve 480 students in a 31,000 square foot open pod design with six pods around a central library. Construction starts soon with completion aimed at the 1971-72 school year.

North Olmsted New Forest Birch Forest Seussert Construction Co Birch- Lietz Builders Mt. Kelley Co Forest School Lorain Road Hampton Drive

Cuyahoga Sheriff Faces Judge Over Deputy Shortages

In Cleveland, Sheriff Ralph Kreiger angered Common Pleas Judge John T. Patton as deputies resign amid pay disputes. Kreiger had moved staff from other courts to jail duty, leaving prisoners unarraigned and prompting Patton to demand more guards. The clash included misaligned prisoner transfers and one 19 year old indicted with a 47 year old sharing the same name. Patton criticized prioritizing highway patrol over courtroom needs.

Cleveland Ralph Kreiger Common Pleas Court Cuyahoga County Kreiger Patton Warrensville

Scattered Showers in Rockies and Florida Outlook

Weather forecast shows scattered showers tonight in the lower Rockies, Southern Florida, and the upper Great Lakes region. Elsewhere, clear to partly cloudy skies, with generally cool conditions across most of the nation.

Lower Rockies Florida Upper Lakes

Weather Outlook Tracks Mild Temperatures Across Regions

Partly cloudy conditions persist tonight and tomorrow with lows in the 40s. Highs reach the 60s in the north and the low 70s in the south as the day progresses.

Southeasterly Winds Forecast Tonight

The forecast notes southeasterly winds near 10 knots with partly cloudy skies expected tonight.

Weekend Weather Outlook With Warm Temperatures

Friday will be fair with dry conditions while Saturday brings a chance of showers. Highs reach the mid 70s in the north to mid 80s in the south with overnight lows in the 50s. Classified ads offer quick selling tips.

Amherst council to discuss income tax advisory meeting

Lorain City tax commissioner Patrick McNulty will speak at a special Oct. 20 public meeting on South Amherst's 1 percent village income tax set to begin Jan 1. He also agreed to bring a proposed resident letter andSurvey.

South Amherst Patrick McNulty Lorain City

Debt Dilemma Drives Tax Case of Shoe Salesman

A shoe salesman lent $20,000 to his company to keep it afloat, triggering a long tax dispute over whether the bad debt was business or nonbusiness. The IRS argued it was an investment, while he claimed it related to his trade.

Internal Revenue Service

Tax Court backs business loss deductions for loans and reputational protections

The Tax Court allowed a $20 000 loss as a business bad debt for an individual later described as a corporate employee. Other cases included a sole stockholder deducting losses for loans to preserve salary and Abe Saperstein recovering $56 000 as an ordinary loss after funding the Harlem Globetrotters. A recreation bond vote in Lorain aims to finance a center with pool ice rink and gym. Doctors and professionals increasingly organize as corporations, with tax savings as a key motive though state rules vary.

IRS Abe Saperstein Harlem Globetrotters American Basketball League ASL Globetrotters Saperstein Los Angeles Times New York UPI Dun & Bradstreet

Also Mentioned on This Page

Gorman-Lavelle Plumbing Co California Electric Co Cuyahoga John T. Patton Frankfort Louie B. Nunn State Board of Education Ohio Edisom Company Elyria, O Chronicle-Telegram Arthur W. Parace Jr Rt. 113 Russia Pyle-South Amherst Rds Gladys Reazer Lawrence Knoble Donald Day Ohio Health Department State Health Board Soc Lincoln Memorial Burlke Lorain Robert Burke North Central Drive North Central Dr Black River James Parks East Ave Elyria Ohio Elyria Jaycees & the Chronicle-Telegram
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