The Nocona News (Nocona, Tex.), Vol. [49], No. [35], Ed. 1 Friday, February 4, 1955 Page: 2 of 8
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>*•
I, 1955
•NA.'
re I
no
E NOCONA NEWS
Al
He'
TW
«IA«FI
BAS
CHES
mixe:
Phone 101
4 lb b
LI
DON C. PE
A
YOUB IHSUBAH
1
Phone 1000
lb....
..lb.
fen
Foo
11
II. w.
oo
Bn Price, too.
\J
/t/sone of the “Big
secoi
01
is
H
In they’ve GROWN!
Thrill of
WHIN
e
E. HIGHWA
I
1
iW
AKCY
(Registered Pl
GIS
24 oz.
Can ...
ed the plan except the Red Cros
aloof from the community chi
been told by several communi ti
on
ive
on indefinitely
lisposed of.
nod is called the
iTWECN
OMf
Miss Ruby C. Reeves visited Mr.
and Mrs. Bernice Buck Sunday
evening.
Mr. and Mrs. Sterling Clark were
Sunday visitors of the M. B. Ritch-
ies.
Mrs. C. W. Saterwhite. Steven
and Karen were visiting Mrs. Ber-
gives life to
find it in the|
ride tha^M
tor
HOTTfS
No wonder yo
the highways—the
ever in histd
that has already rrl
ni
5
nd
I
Sunnyflel
30-01. PI
'MSMMR1
1955
R
Ft
T
I— lb.1
........2
CROP a
te thrifty
idquarter;
• I
£
Uirf
has
it.”
I
■ <•
* j
Mrs
MillsJ
Joe J
Mondi
Mr.
son v
Hewitt 1
Mr . a
Richard
Mrs. 1
daughtei
UCUU
|i
l«
fij
■ ~j,=
■ hs?
®‘fll
........... ' '
■Pers
i prior
5 per
or his
spouse is 65 or over, the 3 per
cent exclusion does not apply.
Under the new act, the cost of
medicines and drugs must first be
reduced by 1 per cent adjusted
gross income. The maximum medi-
cal expense that can be deducted
is 2,500 for each exemption (other
than for old age or 1
and limited to $5,000 on a single
and $10,000 on a joint return.
Buick is one of the “Big Three” in sales
volume —and hotter this year than ever
before. And Buick is one of the “Big Three”
when it comes to prices which make such,
popularity possible. The price tag we’ll show’
~ you proves it. J
A /TOST PEOPLE still don’t believe it. But
1VJL it is true.
And when you look into the facts, you’ll find
these two solid truths:
I J......~
11* ZZj **.......
Il-' ft
.3 2:
11 m
i ; •_____
iial shoe string to a
kmarket.
^Uis in Nocona, both
time to time cast
H^Lefforts of many
But the great-
|®, along with their
^J^pstin Leathey that
sizeand continued -to pro-
So why not get what a Buick has to of
you are in the market for a new car?
Yiu find that the dollars you pay for g
buy you a lot more automobile — aJ
sheer satisfaction that comes with b«
brawny traveler of this caliber. Bi-
Ion find it in the record-high VM nM
been told by several communitie^To“take it tor leavi
The Red Cross has taken it in those communities and the
Red Cross would take it in Nocona. '
All the community chest system requires is', a general
chairmtan, a board of directors of five or seven persons, a
treasurer and, once a year, a corps of workers for two
weeks or so. This could be the answer to many drives
which are held each year in Nocona.
ft Belcherville News
second class matter at the postoffice at Nocona, Texas
under Act of Congress of March 3, 1879
a rates payable in advance: Montague and surrounding
mties, 1 year, $2.50; other points, 1 year $4 00__
BIBLE THOUGHT
and honey shall he eat, when he knoweth to re-
il and choose the good. Isa. 7:15
Income Tax Breaks
In Deductions
Several changes in the new in-
ternal revenue code will favor in-
dividual taxpayers in the matter
of allowable deductions.
In the past, if interest was not
set forth separately on installment
sales contracts, it was not deduc-
tible. Under the 1954 revenue
act, a deduction may be claimed
equal to 6 per cent of the average
unpaid balance of the installment
sales contract, providing that this
amount does not exceed the pay-
ments actually made.
Theft losses are now deductible
in the year in which discovered,
rather than in the year in which
the theft occurred.
The deduction for charitable
contributions is still subject to a
limitation of 20 per cent of the
taxpayer’s adjusted gross income
However, an extra 10 per cent
may be deducted if it is to a reli-
gious organization, a school, or a
hospital.
Deduct medical cost
Medical expenses may J
ducted to the extent that|
ceed 3 per cent of the ta:
adjusted gross income. 1
years the exclusion was
cent. If the taxpayer
nice Buck and Mike las( Wednes-
day.
Joe Henry was in Muenster on
business Saturday.
Mr. and Mrs. Gene Cook, Mrs.
Dessie Farmer, and Mrs. Ida Henry
all attended the singing at Dixie
Friday night.
Mr. and Mrs. Bowe Brown and
Brenda of Nocona visited relatives
here Sunday.
The weekly ‘•42” party was held
at the M. B. Ritchies last Friday
night. Those present were Mr.
and Mrs. Stevie Miller, Glenda
Mae and Gary, Mr. and Mrs. Ernest
Mills, Mr. and Mrs. Calvin Miller,
Billy Miller and Lottie Mae Miller,
f
“. . jf
"Super-J
every Friday at The Nocona News publishing office,
past Oak St., Nocona, Montague county, Texas
kND MRS ROWLAND R. PETERS, PUBLISHERS
Mr. and Mrs. Joe Pippin and LjH
Nora Faye Kirby, Mr. and Mrs. I Uy/
Kenneth Rcbc rson and children, I and
Mr. and Mrs. Bernard Ritchie and
children, Mr. and Mrs. Wayne
Hutson and children and Mr. and
Mrs. Bob Ritchie and Debbie.
Mr. and Mrs. Joe Henry visited
at the Stanfield ranch Sunday.
Mr. and Mrs. Ghomer Medearis
spent Sunday with her parents,
Mr. and Mrs. W. A. Henry.
Mrs. Byrl Morris and Krin spent
Friday afternoon with Mrs. Ber-
nice Buck and Mike.
Mr. and Mrs. James Admire vis
ited the M. B. Ritchie family last
Sunday.
Mr. and Mrs. Green Manley and
Tesrf of Henrietta and Virgie Man-
lejA>f Nocona were dinner guests
of ‘Miss Minnie Belle Manley and
L-|)so visited Mr. and Mrs. Albert
Jroxton.
Mr. and Mrs. Adrian Ritehie of
Wichita Falls and Mr. and Mrs.
Art McGee of Nocona, were guests
of Mr. - and Mrs. John Reeves on
Monday night.
Misses Maude Minnie Lee and
Sally Jo Grant of Dallas were
guests of their sisters, Misses Bes-
sie and Frankie Grant, over the
week-end. Sally Jo remained for
an extended visit
Mrs. Romie Noel visited her par-'
ents, Mr. and Mrs. R. C. Vannoy. |
Mr. and Mrs. Edd Coffman and >
■ SrrdBI
I J
jjjj^
“sum of the digits” methods The
sum of the years of useful life is
determined. In the case of an
automobile with a five-year life:
1, plus 2, plus 3, plus 4, plus 5,
equals 15. The first year 5-15ths
of the cost is deducted as depre-
ciation. The second year, 4-15ths;
the third year, 3-15ths; the fourth
year, 2-15th; and the last year,
l-15th.
Both of these methods provide
^flhreatly accelerated deprecia-
deductions. However, they
Hm be applied only to new tangi-
ble property with a useful life of |
three years or more that was ac-
quired after 1953. Different meth-
ods can be applied to different
items as desired.
m THE LAW
A mMi imUw taam
Ade'l.
blindness), |
The working wife has long lam-
ented that she should be able to
deduct against her earnings the
cost of caring for her children
while she is working. Now, child
care expenses are deductible if
?aid by a woman, a widower, or a
divorced man. The deductions
shall not exceed $600 and may not
be paid to a dependent of the per-
son claiming the deduction. The
child must be under 12 or physi-
cally or mentally incapable of
caring for himself. If the ad-
:usted gross income shown on the
ax return is more than $4,500, a
tcduction of the child care deduc-
ion must be made.
One of the most drastic changes
concerning deductions is that of
depreciation. Two new methods
of computing depreciation have
been added that provide for a
much faster write-off of depreci-
ation in the early years.
"Double Balance"
One method is known as the
“double declining balance” meth-
od. Under this system, the nor-
mal life of the item is determined
asqn all other cases. This is con-
verped into a percentage figure,
ano\ then doubled. This increas-
ed
id\then doubled.
I percentage is then applied in
the first year against the cost of
the item to be depreciated. The
1, year, the same percent-
eeirt^-d against the remain-
nut^j
“be(£..
plat,
WT
477 'lease']
out, (to be
our homefumiBhings
|ly have grown — in
(Are you aure you
fire insurance
cover thjse
|®o)li values? Why
\«heck with us
IK
1955 BUICK SPECIAL deliver* locally for lee* than *ot
2'DuZ >Ta‘^erfS^an' »o-called ••low-price three." cd
Modal 48 (Illustrated), r
DECISIONS TEACHERS MUST MAKE
OF all of the candidates for the title of “Heroes With-
® ApnJause,” America’s school teachers hold top place,
think of teachers persons who teach the three
jgfcfcgaKI But now and then there come before those
MfiajyjvM certain decisions which must be weighed against
Bie R’iiZ
F Such* a decision recently faced a Pennsylvania teacher
wjio began her lessons promptly one morning when an 11
iyehr old girl began to cry in her scat. Pressed for a rea-
son tor her crying, the little girl explained that she had
keen a thoughtless motorist run over her pet dog as the
■pg was following her toward school.
Instantly, other kids in the class began taking up a
,o buy tl,e liHle girl her name :s Har,iel an*
^^^dog. They amassed $2.13. but Harriet kent on cry-
^^Bbl'he teacher faced the problem of forcing Harriet to
her lessons or dismiss her to cry it out. Siu
I^^Hdeeioed to let Harriet go home for the rest of the
There may be those who may *ake issue with
H^n^Eher, but any one who knows the devotion that ex-
■S^feMipen a child and a dog will stand by the teacher in
|l^l||Kon. Doing whatever could be done to offset
■||MBHgrk f was more important at that moment than
^^^^^^■ftmetic
was unfolded recently in Pennsylvania, but
^^^fefeObe a lesson in Nocona. Within recent months
*/^Bd<Mrs have been killed on our streets, especially
82, by motorists who are in too big a hurry
of^Y^ sfop, when a dog is in their path.
or typ minutes by getting on the
loo few of them realize
M J "i ;,,i l!’ 1 h din.-trilx,
/•' ' v. d-e. ,i |„,th
11 g h t
JUSTIN LEATHER CHANGE
change in the controlling interest of the Justin
MlMMGoods company solicits a tribute to the long ser-
|l||||||&ro of its top officers, one of whom, Harry Read,
and the other, G. W. Humphreys, has vacated
of president but remains as chairman of the
MMIMrhpir vacation of their respective offices became
KBBBDKtwo weeks ago when the local plant was taken
H|H|nic H. J. Justin and Sons company of Fort Worth,
MMMMt of Nocona.
of the credit for the success of the Justin Leather
Mffl^Mmpany in Nocona has been due to the businesslike
HH^Kent manner in which both Mr. Read and Mr.
pursued their respective official positions. The
D®BKlustin Leather here is another example of private
growing from the prow
place in a highly comp^j
jKBsHing their long businessaB
HH^Biphreys and Mr. ReadBpll
roles, which, combiiB '
S^BKelped to promote tod^^^
■mibiltion they made to- j
. Hots, to so conduct th^" Loathe?
Mfrmained in operation, grew m size and continued -to
^TCe employment for so many of the community’s working
n$en and women. No greater contribution can be made
to any community by any one.
Every good wish of the community should go with both
in their retirement from active operation of the plant and
every dood wish is due the new force for continued success
in the "community in which the new controlling interests
Slave announced they will not Jeave.
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The Nocona News (Nocona, Tex.), Vol. [49], No. [35], Ed. 1 Friday, February 4, 1955, newspaper, February 4, 1955; Nocona, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1216931/m1/2/: accessed July 7, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Friends of the Nocona Public Library.