The Nocona News (Nocona, Tex.), Vol. 55, No. 40, Ed. 1 Thursday, March 2, 1961 Page: 4 of 10
This newspaper is part of the collection entitled: Montague County Area Newspaper Collection and was provided to The Portal to Texas History by the Friends of the Nocona Public Library.
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THE NOCONA NEWS, NOCONA, TEXAS, MAR. 2, 19*1
to
Mrs. Bruce
Thurs-
Sunday
ce-
final
Otis
its
Stall-
BOB PERRYMAN’S
Dal Hut Cafe
Adjoining Sands Hotel
Formerly Brownie's Cafe
to oil present and potential customers that wo will strive to
north
south
Joe
Joe
Leeper re-
night after
Morris
Nocona
Mrs.
two
and
The
been
farm-
grain
farm-
crops
Mr.
week
Miss
Jo.
vati Fire W*dne*day
Nocona volunteer firemen made
run Wednesday to the Claude
illiams farm 4V4 miles east of
cona to extinguish a brush fire.
• flames were put under con-
■I in a short time.
Ar-
Fu-
in the home of
Joe Staley last
Staley’s sister,
Preston of Saint
Sunday of Mr. and
Davis were their
their families, Mr.
Davis and children of
Mrs. Bill Evans and daughter
Mrs. T. P. Skinner spent
day in Wichita Falls.
Mr. and Mrs. James E.
have bought a home in
and will move soon.
Mrs. Millie Pash spent
night and Monday morning in
Wichita Falls with her son and
family, Mr. and Mrs. Paul Pash
and children.
Saturday evening visitors of
Mr. and Mrs. Bill Evans were Mr.
and Mrs. J. E. Morris and Rev.
and Mrs. Glen Herndon of Fort
Worth.
Sunday dinner guests of Mr. and
Mrs. Joe Naylor were Rev. and
Mrs. Glen Herndon of Ft. Worth.
Mr. and Mrs. V. S. Ezzell went
to Lake Worth and Eagle Mount-
ain Sunday afternoon.
Joe Ezzell spent the weekend
with his brother and sister-in-law
Mr. and Mrs. Jeral Ezzell of Bo-
wie.
Mr. and Mrs. Hughes Smith ac-
companied their son, daughter-in-
law and grandson, Mr. and Mrs.
Charles W. Smith and son Charles
A. of Bowie to Fort Worth Sunday.
Mr. and Mrs. James Morris spent
Fridav night in Electra with their
daughter and family, Mr. and Mrs.
Fred Hemstedt and children.
Mr. and Mrs. Bobby Walker and
son of Wichita Falls are visiting
his parents, Mr. and Mrs.
Walker.
Visitors
Floyd E.
sons and
Mrs. Jack
Electra. Mr. and Mrs. Raymond
Davis and children of Fort Worth.
Visitors Friday night and Sat-
urday of Mrs. B. J. Lemons and
son Larry were her son and dau-
ghter-in-law Mr. and Mrs. Jerald
Miller of Fort Worth.
Mrs. Pearl Young returned to
her home Saturday after a week’s
visit with a son and family, Mr.
and Mrs. Junior Young and child-
ren.
A. R. Harvey went to Ft. Worth
Monday and returned Thursday.
Visitors of Mr. and Mrs. A. R.
Harvey Thursday night were their
son and daughter-in-law. Mr. and
Mrs. Don Harvey of Gainesville.
Mrs. Elgie Gann has returned
from a week’s stay in Victoria,
Texas with her son and daughter-
in-law, Mr. and Mrs. Carrol Gann.
‘'We May Doze
But
We Never Cloae”
A. M. Greer, 75
Retired Farmer
Dies At Saint Jo
Due to illness the Midwestern
university entertainers were un-
able to be present. Music was sup-
plied by Wanda Jackson, piano,
-and Tom Pritchard, vocalist.
Named Flight Commander
Cadet Capt. Richard Burr
cup. University of Texas student
from Nocona, has been named an
Air Force ROTC squadron flight
commander for the seeond consec-
utive semester. StaHcup, senior
majoring In msthematies, is a
member of Pi Kappa Alpha social
fraternity. He is the son of Mr.
and Mrs. S. B. Stallcup, 210 Den-
ison.
News
Admissions
B. R. Grigsby, Nocona;
Farmers To File
Acreage Reports
A feed grain bill now before
congress is expected to become
law in the next few days.
County ASC committee has
instructed to obtain from
ers acreage seeded to corn,
sorghums, barley and oats in the
years 1959 and 1960 the only crops
eligible for price support.
We will begin accepting acre
i age reports Monday, March 6, and
■ it will expedite matters if
ers will prepare a list of all
seeded in 1959 and 1960.
Tuesday, March 21 is the
date to sign up.
Dot Hot «wlo.
COME EAT WITH US and BE YOUR OWN JUDGE
Approximately 65 Lions and
their ladies were present Monday
night for the annual zone meeting
and banquet served in the high
school cafeteria.
Lion colors of purple and gold
were used in the table appoint-
ments.
Buck Boyles, zone chairman oi
Iowa Park, presided and the speak-
er, Ben Keith Lawson, internation-
al counselor of Chillicothe, used
as his theme, “Service of Lion-
B. R. Grigsby, Nocona; Dave
Heaton, Nocona; Walter Hill, No-
cona; Mrs. Etta Miller, Nocona;
Mrs. Sudie Teague, Nocona;- Mrs.
Janell Rodawalt, Nocona; Dewey
Holcomb, Nocona; Mrs. Beulah
Wayland, Nocona; Mrs. Martha
Moore, Nocona; Mrs. Clara Haw-
thorne, Perryton; Mrs. Hattie B.
York, Spanish Fort; Roy C. Fitts
Sr., Nocona; Mrs. Barbara Beebe,
Electra; Mrs. Linda Mary Allen,
Gainesville; Joy Lynn Hurd, Saint
Jo; Mrs. Ada Franklin, Saint Jo;
Mrs. Barbara Hughes, Nocona;
Mrs. Artie Mae Hudson, Nocona;
Mrs. Zelda Miller, Nocona; Joe
Lowrie, Nocona; Mrs. Linda Faye
Fulton, Terral; Mrs. Mary Nell
Molsbee, Nocona; Michele Hope
Stillwell, Nocona; May Ray Evans,
Nocona; Mrs. Charity Martin, Saf-
fell, Ark.; Robert E. Paine, Noco-
na; Mrs. Mary Porter, Bonita; Mrs
Clara Cook, Nocona; Wilton Skin-
ner, Oscar; John Hildreth, Nocona.
Dismissals
Lois H. Embry, Saint Jo; Roy C.
Pair, Nocona; Mrs. Mildred Gann
and baby son, Nocona; Mrs. Beul-
ah Wayland, Nocona; J. R. Gaines,
Nocona; Mrs. Janell Rodawalt and
baby daughter, Nocona; Joy Lynn
Hurd, Saint Jo; Mrs. Barbara
Hughes, Nocona; Roy C. Fitts Sr.,
Nocona; Mrs. Etta Miller, Nocona;
May Ray Evans, Nocona; Mrs. Mar-
tha Moore, Nocona; Dave Heaton,
Nocona; J. P. Clingingsmith, No-
ons; B. R. Grigsby, Nocona; Mrs.
2tta McBride, Nocona; Dewey
Holcomb, Nocona; Wilton Skinner,
pscar; Mrs. Barbara Beebe, Elec-
tra; Mrs. Lula Jones, Nocona; Mrs.
>udie Teague, Nocona; Michele
lope Stillwell. Nocona.
ATI Principals
Re-Hired By
School Board
Nocona school board, at
meeting Monday night, re-elected
all of the principals for another
year. Those chosen to serve an-
other year include R. M. Pullis,
high school; Harlan Lowe,
ward and Doris Pribble,
ward.
LioosHave
Zoae Heeling,
Banquet Here
Approximately 65 Lions
Ringgold News
Thursday afternoon visitor of
Mrs. L. M. Staley Sr. was Mrs.
Alma Tompkins of Nocona.
Sunday visitors of Mr. and Mrs.
Hughes Smith were their son, and
daughter-in-law and grandson, Mr.
and Mrs. Charles W. Smith and
Charles A. of Bowie.
Sunday guests of Mrs. W. O.
Tipton were her sister and broth-
er-in-law, Mr. and Mrs. Bill Hag-
ler of Bowie.
Mrs. Willie Tipton and India
Waters were in Henrietta Friday
afternoon.
Mr. and Mrs. Willis Boyd was
in Terral Friday.
Weekend visitors of Mrs. Grace
Hamilton and Ruth were Mrs.
Hamilton’s son and daughter-in-
law, Mr. and Mrs. Wayne Hamil-
ton of Wichita Falls.
Frank Allen accompanied
Durham to Houston Sunday,
is hauling wheat to Houston.
Mrs. James Morris went
Wichita Falls Thursday.
George Hensley was called home
Thursday of last week from Par-
sons. Kansas, due to the illness
of his father-in-law, Mr. English
of Gainesville.
B. J. Lemons, Elgie Gann and
Robert Witt who are employed at
Parsans, Kansas, spent the week
end with their families.
Visitors during the week end of
Mr. and Mrs. B. J. Lemons were
their son and daughter-in-law Mr.
and Mrs. Jerald Miller of Lubbock.
They are being transfered to Fort
Worth.
Visitors
and Mrs.
was Mrs.
Elizabeth
Mr. and Mrs. Loyd Bouldin and
children spent Sunday in Fort
Worth with Mrs. Bouldin’s brother
and family, Mr. and
Lowrie and children.
Mr. and Mrs. D. J.
turned home Tuesday
taking Mrs. Leeper's sister. Miss
Jennie Lee Baker to her home in
Robstown.
Rites Held For
Leaihie Jackson
At Forestburg
Funeral services were held for
Mrs. Leathie Jackson, 85, Satur-
day at the Forestburg Methodist
church. Officiating was Bro. Paul
Thompson, assisted by the pastor
of the Baptist church at Saint Jo.
Mrs. Jackson died Friday, Feb-
ruary 24 in the Gainesville Sani-
tarium after a prolonged illness.
Mrs. Jackson was a Forestburg
resident for many years before
moving to Saint Jo.
Surviving are two daughters,
Mrs. Clarence Perryman of La-
mesa, Mrs. Lillian Preston of
Quanah; one son, Buster Jackson,
Saint Jo and one brother, Cuen
Graves, seven grandchildren and
several great grandchildren.
Burial was in the Perryman
metery.
Kotor Vehicle
nspeciions
Lag In Couniv
With the deadline for posting
961 safety stickers on motor ve-'
icle windshields only a few weeks
head, only around 30 per cent
f Montague county’s vehicles
ave been inspected, it was re-
orted this week by Captain Alan
ahnson, motor vehicle inspec-
on supervisor of the Texas De-
artment of Public Safety. Dead
ne for the stickers is April 15.
Johnson reiterated previous
arnings that owners should have
leir vehicles inspected to avoid
last minute rush.
“Texas law requires all Texas
gistered motor vehicles to dis-
ay a valid inspection sticker,”
>hnson said. All motorists not
splaying a valid inspection st k-
will be subject to a fine of $1
$200, plus court costs.
Johnson further advised that all
■ensed trailers having a gross
sight exceeding 4.000 pounds
e required to be inspected.
A sudden heart attack caused
the death Monday of Alpheus
Marion Greer, 75, retired stock
farmer. He suffered the attack at
his home at Saint Jo at 5:45 p.m.
Born March 10, 1885 in Meridi-
an, Miss., he was the son of Mr.
and Mrs. F. M. Greer. His marri-
age to Maggie Ola Kirby took
place August 13, 1905 at Midway,
Texas.
The widow survives with three
sons, R. M. Greer and E. W. Greer
both of Borger; F. M. Greer of
Farmers Branch; three daughters,
Mrs. H. Fugitt of Electra, Mrs.
Helen Hibberts of Irving, Mrs.
Claudia Sawyer of Dallas; 16
grandchildren and 18 great grand-
children.
Mr. Greer had been a resident
of Montague county for 31 years.
He was a member of the Baptist
church.
Funeral services were held Wed-
nesday afternoon at 2 o’clock in
the Newby-McGaughy funeral chap-
el at Saint Jo with Bro. Roy Cook,
pastor of Missionary Baptist church
and Rev. Norris Onstead, pastor
of First Baptist church officiating.
Interment was in the Sowers ce-
metery at Irving.
Bearers were grandsons, Allen
Greer, Bill Sawyer, Vaughn
nold, Curtis White, Richard
gitt and Phillip Hibberts.
E CAPITAL
•HiqhHqM'S
$ PRESS ASSOCIATION
AUSTIN—Legislature moved to-
ward early showdowns as the
House Revenue and Taxation Com-
mittee scheduled controversial
bills in swift one-two-three order.
Coming up early on the com-
mittee calendar were three of the
four measures in Gov. Price Dan-
iel’s special deficit-erasing pro-
gram. Each renews controver-
sies of last session. They are:
1. A new two-factor formula
for figuring the franchise tax
owed by interstate corporations
based in Texas. At present the
franchise tax is computed on the
basis of receipts from sales in
Texas.
“A firm which sells all its out-
put in Texas,” the government
points out, “pays at a 100 per
cent rate. A Texas-based company
selling all its products outside
Texas pays none.”
New formula would hit these
interstate corporations. Governor
Daniel calls it “closing a loop-
hole.” Industry spokesmen con-
tend it would drive business from
Texas.
2. A measure providing for en-
forcement of the escheat law. This
is known as the abandoned pro-
perty act, which was defeated in
1959 despite the governor’s vigor-
ous efforts.
Governor Daniel says he will
call a special session if the bill
isn’t passed in regular session.
3. A temporary increase for one
year of from 7 to 10 per cent on
natural gas production. Governor
Daniel says this is to fill the
revenue gap while the natural gas
severance beneficiary tax is being
thrashed out in court.
A new tax bill introduced in
the House would levy a two per
cent tax on all real estate trans-
actions. It is by Rep. George
Hinson of Mineola.
REFERENDUM STALLS—House
members refused to take a beat-
the-clock short cut toward getting
a tax referendum on the ballot
at the April 4 special election.
Rep. Wesley Roberts of Lamesa,
sponsor of the bill, asked the
house to instruct the State Af-
fairs Committee to consider the
bill immediately and report to
the House.
Proposal was defeated 8165,
with the vote dividing approxi-
mately on the same line as the
one by which Speaker James Tur-
man was elected.
Referendum would, in effect,
have given the public an oppor-
tunity to say which of three pos-
sible broad-based taxes they would
prefer—payroll, income or sales.
Bill would have to have final pas-
sage before the end of February
for the question to be printed on
the ballot. Without hurry-up pro-
cedures the schedule will not be
met.
Now the matter is left entirely
to the legislators to determine.
As most ran on platforms that
called for no sales or income tax,
these two taxing methods doubt-
less can be eliminated from fur-
ther consideration.
HORSE RACING ARGUED—
Legalized horse racing is still a
live issue after a committee hear
ing that ran into the small hours
of the morning.
Rep. V. E. (Red) Berry of San
Antonio is sponsor of the propos-
ed constitutional amendment that
would allow race tracks and pari-
mutuel betting on a local option
basis.
Opponents, mostly ministers and
lay church leaders, called gambl-
ing a parasite on the economy,
and a producer of fewer jobs for
the money spent than is possible
in any other business.
Supporters called it a clean,
popular sport to which Texas cli-
mate is ideally suited. And, they
declared, a painless revenue rais-
er.
RE-CUTTING THE PIE — Two
congressional re-districting bills
hav been introduced, one of which
could cause anguished howls from
the neighborhood of the Potomac.
Rep. Ben Lewis of Dallas has
introduced a proposal to give Dal-
las county the extra congressman
due Texas and leave other dis-
tricts as they are.
Rep. Malcolm McGregor has in-
troduced a bill which gives Dallas
two congressman and re-carves all
the other districts.
McGregor’s proposal is based
strictly on population, with no
thought to personalities or poli
tics.
In some instances it would re-
sult in two congressmen being put
in one district. Some districts
would be enlarged, some reduced.
RAISE PROPOSAL AXED—Coun-
ty school superintendents are a
touchy subject with the Legisla-
ture.
County Superintendent George
Corse has come back this session
to work for a bill to abolish the
county superintendent’s office in
counties with few or no pupils in
county schools. Under this year’s
plan, abolishment would be on a
local option vote. Supporters say
it could save the state $1,500,000
to $2,000,000.
In this same atmosphere is a
bill by Rep. R. A. Bartram of New
Braunfels. However it would
raise the salaries of assistant coun-
ty superintendents. Money-hurt-
ing House members killed the
bill.
OLD RULES RE-ADOPTED —
Teacher pay raise advocates were
disappointed when both House
and Senate adopted the same rules
of procedures as they used last
session.
These rules prohibit passage of
any new spending measure until
the general appropriations bill is
passed.
Last session passage of the
general appropriations bill was
virtually the last act before ad-
journment. Teacher raises and
other new spending proposals died
without ever coming to a vote.
Fourteen Mishap* *
Fourteen rural highway traffic
accidents in Montague county dur-
ing January accounted for proper-
ty damage of $8,720 according to
Sgt. F. E. Webster, patrol super-
visor of this area. Seven persons
were injured in the mishaps. There
were no fatalities during January.
Mr. and Mrs. Herbert Johnson
of Big Springs were guests of Mr.
and Mrs. Roy Fitts Jr. last week.
Coming
March 16
Ritz Theatre
"The Alamo"
Starring
JOHN WAYNE
Showing For One Full Week
DON'T MISS IT!
Personals |
Mr. and Mrs. J. C. Rosenbaum
of Henrietta and Mrs. J. L. Level
returned Monday from Duncan,
Arizona where they visited their
aunt Mrs. Laura Spencer.
The Women’s Missionary Socie
ty of the First Baptist church will
observe week of prayer for Home
Missions March 6 to 10th.
Mr. and Mrs. Arthur Garrison
of Corsicana were guests of their
son-in-law and daughter, Mr. and
Mrs. Thomas E. Pritchard during
last week.
Mr. and Mrs. C. J. Koelsch spent
the weekend in Seminole, Okla,
visiting relatives.
Mr. and Mrs. Monroe Reed’s
guests are Mr. and Mrs. John Rid-
er and Mrs. Josie Arbogest of
Greenfield, Mo.
Miss Ruth Priddv. teacher at
North Texas State College in Den-
ton was the guest of her mother,
Mrs. L. S. Priddy last week.
Mrs. W. L. Powell and children
Steve and Tina of Wichita Falls
are visiting her parents. Mr. and
Mrs. Ralph Reynolds and Mr. and
Mrs. Tom Powell.
Charley Titsworth was honored
with a birthday dinner Sunday at
the home of Mr. and Mrs. Curtis
Teague, out of town guests were
Mr. and Mrs. Alford Croy of
Comanche, Oklahoma.
Mr. and Mrs. J. W. Lorentz of
1 Terral. Oklahoma were guests Sun-
day of her parents, Mr. and Mrs.
Wichita Tucker.
Mr. and Mrs. Dan Teague and
children. Curtis Dan, Merrill and
Lola Elene of Dallas were guests
of Mr. and Mrs. Curtis Teague last
week.
Mr. and Mrs. William A. Sell
had as their guests during the
weekend their son and family, Mr.
and Mrs. Ray Sell and sons James
and Douglas of Dallas and their
daughter. Miss Elaine Sell of
Wylie who is employed as a de-
signer of children’s clothes at
Johnstons.
Mr. and Mrs. Carold Field and
children Ronnie, Debbie, Randy
and Jacque of Lubbock were week
end guests of his parents, Mr.
and Mrs. N. C. Field, they all
soent Saturday with Mr. and Mrs.
Elmo Hollars in Wichita Falls.
Mrs. Hassie Staples’ guests Sun-
day were her sister. Mrs. Gertie
Williams and her neice Mrs. Vio-
let McCaslin and son Ronnie Mc-
Caslin of Chickasha. Oklahoma.
Rev. and Mrs. Leonard Field of
Forrest, New Mexico visited her
sisters. Mrs. Claud Dix. Mrs. 01-
| lie Skeens and sister-in-law. Mrs.
■ Cash Reed and Mr. and Mrs. N. C.
Fields and S. Walter Hill.
I Mrs. John Harper and Mrs. Car-
' roll McClennen were Wichita Falls
| victors Saturday.
I Misses Ruth and Kate Davis
and Mrs. F. P. Lesh visited Mrs.
J. O. McElroy in Davidson, Okla.,
i last Wednesday.
I Miss Estelle Cain and Dwight
j Cain of Chillicothe were weekend
■ Quests of Mr. and Mrs. A. A. Hol-
lars.
Mr. and Mrs. John G. Duggan
had as their guests Sunday her
brother and sister-in-law. Dr. and
Mrs. Leonard Jackson of Dallas,
their guests last week were an-
other brother and sister-in-law,
Mr. and Mrs. J. M. Jackson of
Thalia.
Mr. and Mrs. Winstead O. Coop-
er and Mrs. Annie Price had as
weekend guests Mr. and Mrs. Jam-
es D. Graves of Fort Worth.
Bowie Cafe
Owner Buys
Brownie's Cafe
Bob Perryman, owner of tho
Dal Hut cafe at Bowie, today ex.
tended his cafe operations when*'
he assumed ownership and man-
agement of Brownie’s Cafe on
Highway 82 at the east edge of
Nocona, adjoining Sands Motel »•
Mr. Perryman will continue to
operate the Bowie cafe and will
continue his residence in Bowie
but plans to spend much of his
time in the Nocona business.
The cafe has announced a poli-
cy of remaining open 24 hours a
day.
Personals
*'r and Mrs. Tx?onard Bertram
visited Mr. and Mrs. George Kirk
in Wichita Falls Sunday.
Mr. and Mrs. Horace Crow of
Grady. Oklahoma visited relatives
and friends here Sunday.
Rev. Kenneth Thomas pastor of
Casa View Methodist church in
Dallas visited friends in Nocona
Sunday.
Rev. and Mrs. Terry Atkinson
had as guests Sunday Mr. and
Mrs. B. O. Buford and sons Steve
and Scott of Bridgeport. The At-
kinson’s guests last week were
his mother, Mrs. Ruby Atkinson,
aunt Mrs. Leona Thompson of *
Benton, Arkansas and uncle Otis
Farrar of Little Rock, Arkansas.
Mr. and Mrs. W. T. Cribbs spent
Wednesday in Dallas visiting their
son-in-law and daughter, Mr. and
Mrs. Calvin Littleton, their daugh-
ter, Mrs. Rosie Jones of Wylie
met them there.
Mr. and Mrs. R. P. Elkins spent
Sunday in Dallas visiting her mo-
ther Mrs. J. D. Jones and Mrs.
Elkin’s brother-in-law and sister
Mr. and Mrs. W. H. Agee.
Mr. and Mrs. L. A. Hesning had
as their recent guests her brother-
in-law and sister, Mr. and Mrs.
C. W. Follis of Mt. Carmel, Illi-
nois.
Mr. and Mrs. C. G. Butts of Ol-
ney visited her parents, Mr. and
Mrs. C. C. Harbison last Thursday.
Floyd Garner had surgery at
the Veterans hospital in McKin-
ney. He came home for the week-
end and returned Sunday to the
hospital, accompanied by Mrs.
Garner and Mr. and Mrs. Tom
Powell.
Mr. and Mrs. Roy Flournoy of
Olathe. Kansas, came Thursday ♦
and are visiting Mr. and Mrs.
Charlie Berrv. Mrs. Frank R. Fos-
ter, who has been gone since Dec.
15. returned home with her sis- J
ter and brother-in-law.
Those who attended the Eastern
Star school of instruction at Den-
ton Thursday were Mr. and Mrs.
Roy Patterson, Mr. and Mrs. Otis
Howard, Mr. and Mrs. Jack Crown-
over, Mrs. J. C. Womble, Mrs. Dan
Butler, Mrs. Lvle Sawyer, Mrs. A.
A. Bishop, Mrs. Connie Shelton
and Miss Peggy Patterson. Miss
Patterson is Grand Organist for
the state of Texas.
Classified Ads
Are Cash In
Advance
WASHINGTON AND
"SMALL BUSINESS”
By C. WILSON HARDER
M >
There seems but little doubt
this first session of the new
Congress with a new Adminis-
tration, will be concerned about
tax reformation.
with the cry
“the Trea-
sury will
It will be much more to the
point if all proposals to change
the taxing regulations were to
be considered from this point
of view “what will this change
do to stimulate the domestic
economy of the United States?
In the past few years, most
attempts, with a few excep-
tions, to ad-
Just taxing
maladjust-j
ments have
The northern neighbor Can-
ada maintains a common sense
attitude toward the welfare of
Its domestic business life.
e e •
For example, Canada recently
did these things. They trebled
the tax on dividends received
by foreign parent corporations
from their Canadian subsidi-
aries, and took the same ac-
tion on the withholding tax on
Income earned by foreigner*
on Canadian stock* and bond*.
They also put a special 15%
tax on th* income of branches
of foreign owned corporation*
doing business in Canada.
tallty In Canada that matches
that which has so long pre-
vailed in the U. 8. State Dept,
cries that these measure* will
discourage foreign capital from
(g) National Federation of Independent nualneaa
C W
Treasury have become almost
sancresanct In nature. This is
coming into Canada. These
wails are not cutting much ice
with the government.
* • *
It has just gone ahead and
offered new tax incentives to
its own domestic business to
encourage it to expand.
*•«
Canadian tax laws had pro-
vided that small corporations
making $25,004 or less per year,
paid 21% tax, with 48% paid on
earnings over that level. This,
Incidentally, corresponds with
the U. 8. rate* of 25% and 52%.
However, in order to give the
small corporation a better op-
portunity, the firms can now
earn up to $35,000 per year be-
fore paying the higher rate.
* * *
In addition, they ar* permit-
ting firm* which develop new
products, or new type* of goods,
to take the first year double
depreciation on any capital in-
vestment made to produce this
new wealth.
* • •
Of course, in the meantime,
the northern tier of the United
State* is being flooded with
cheap bread, baked in Canada
by lower priced help from non-
price supported wheat. And in
the timber areas, every cutting
season Canadians pour into
U. 8. woods with their equip-
ment bought in Canada, to take
home more dollar* to Canada.
* * *
Canada is also going to
strengthen its protective tariff
system. Some may claim Ca-
nadian government is unsound.
Yet two world war* and Korea
took a proportionately bigger
drain out of Canada than they
did out of the U. S.
e *i •
Yet, Canada has lower taxes
on business, and Canadian dol-
lars, when exchanged for U. 8.
dollars, still bring a preminm.
It looks very much as if the
U. 8. government should take
lessons from the Canadians on
bow to be "unsound.”
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The Nocona News (Nocona, Tex.), Vol. 55, No. 40, Ed. 1 Thursday, March 2, 1961, newspaper, March 2, 1961; Nocona, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1205835/m1/4/?q=j+w+gardner: accessed June 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Friends of the Nocona Public Library.