The Denison Press (Denison, Tex.), Vol. 29, No. 27, Ed. 1 Friday, December 27, 1957 Page: 5 of 6
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Industrial and Business Review
ITS THE LAW
★ ^7^- ★
A public twice lectf
W Mm State Iw «f Tan
SOME CHRISTMAS
GIFTS TAXABLE
Although it may come as a
surprise to some people, the fed-
eral government levies a tax
which applies to gifts made by
one person to another. However
the government has no desire to
tax ordinary birthday and Christ-
mas gifts. The law therefore ex-
cludes from taxable gifts the first
$3,000 given to each individual
in each calendar year.
The law also excludes from
taxable gifts, gifts to the church,
community chest, and similar
charitable organizations, and al-
lows each giver an exemption of
$30,000—before the tax applies.
The tax applies whether the
gift is of money or of property.
If it is of property, the tax is
computed on the fair market val-
ue of the property at the date of
the gift.
The purpose of : gifts is
to remove the property from the
taxable estate of the giver at the
time of his death. This may or
may not be accomplished. The
federal law provides that trans
fers made within three years be-
fore date of death shall be deem-
plation of death and shall be tax-
ed to have been made in contem-
able in the estate of the one who
dies.
It may be advisable to “look a
gift horse in the mouth” for the
gift may cost the one who re-
cieves the gift in income taxes as
well as the giver in gift taxes.
For income tax purposes the
cost basis of property received
by gift is the cost to the giver
regardless of the fact that the
giver may have jjaid a gift tax
on the gift. The other rule is that
in case of property received by
inheritance, the cost basis is the
fair market value at the date of
the decedent’s death.
An example will show the ap-
plication of the rules. Suppose a
farmer acquired his land in the
early days at a cost of $10,000.
This property is now worth $50,-
000. The farmer wishes to retire
and to escape estate taxes, so he
gives the farm to his daughter.
Although he may pay federal
gift taxes totaling several thou-
sand dollars, when the daughter
decides to sell the farm for its
$50,000 value, she still has to
pay income tax on $40,000 prof-
it (difference between the sales
price and her father’s cost of
$10,000.)
On the other hand, if the farm-
er had not given the farm to the
daughter, but had left it to her
under his will, he would have sav-
ed the gift tax. The daughter
would have taken the property at
a cost basis of $50,000, so upon
the sale she would not have had
to pay any income tax.
Of course, there would have
been some estate taxes and ad-
ministration expenses in the fath-
er's estate, but that would have
been much less than the taxes
which resulted from the gift.
However, depending upon indiv-
idual and particular circum-
stances, there may be occasions
when a gift is advisable. Your
lawyer can advise you on this
matter.
(This column, prepared by the
State Bar of Texas, is written
to inform—not to advise. No per-
son should ever apply or inter-
pret any law without the aid of
an attorney who is fully advised
concerning the facts involved, be-
cause a slight variance in facts
may change the application of
the law.)
Many florists to
gather Jan. 12-14
at College Station
COLLEGE STATION — Flor-
ists from all parts of Texas and
some from neighboring states
aie expected to be in College Sta-
tion January 12-14 for the 11th
annual Texas Florist Short
Course.
Sponsored by the Department
of Floriculture and Landscape
Architecture at the college, this
short course is designed to include
discussions of the most recent de-
velopments in both the production
and the marketing of florist pro-
ducts, according to Prof. A. F.
DeWerth, head of the department.
During the day-time programs,
leaders in the various fields will
discuss such questions as research,
consumer preferences, marketing
practices and other such subjects
of interest to the man in business.
Two night meetings, one an
informal dinner and the other a
Texas Aggie Smorgasbord, will
provide opportunities for provoc-
ative group discussions on the
subjects, “What are our Market-
ing Problems?” and “How We
Can Reduce Costs in the Florists
Industry?”
Also on the program are a tour
of the research area at the col-
lege, visits to and demonstrations
in the department’s greenhouses.
All regular sessions will be held
in the Memorial Student Center.
The tip of the tongue is the
most delicate organ of touch.
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■ ( ) NEW ( ) RENEWAL
1
WILLIAM ARTHUR NIEBUHR
William Arthur Niebuhr, 59,
district superintendent of the
Texas Power & Light Company,
Sherman, died at a local hospital
Dec. 15 at 2:45 p.m. after thir-
teen days of illness following a
heart attack. The remains were
taken to ltrenham, birthplace of
the deceased, by the Brenham
Funeral Home. Johnson-Moore
was in charge of local arrange-
ments.
Mr. Niebuhr was born Novem-
ber 23, 1898, the son of Mr. and
Mrs. W. F. Niebuhr. He was mar-
ried in 1932 to Rachel Merman.
He was a Methodist and a member
of the Masonic Lodge.
He is survived by his widow,
a son, William N. Niebuhr, 1015
W. Walker and his father, W. F.
Niebuhr at Brenham.
LINDA SUE HIGGINS
Funeral services were held
December 15 at 2:00 p.m. at
Johnson-Mooie Chapel for five
year old Linda Sue Higgins. The
child was the daughter of Mrs.
Janette Higgins, Denison, and
Leon Higgins, Dumas, Texas. She
died in Baylor Hospital Friday,
December 13, at 3:10 p.m., from
burns received four weeks earlier
when her night gown caught fire
from a heating stove.
The Rev. A. S. Kerby officiat-
ed and burial was in Cedarlawn
Park.
Linda Sue was born in Dallas
July 12, 1952. She is survived
by her parents; grandparents, Mr.
and Mrs. C. H. Webb, Denison,
II. C. Higgins, Colorado, Mrs. V.
C. Higgins, Dumas, Texas and
great-grandparents, Mr. and Mrs.
H. C. Morris, Denison; a brother,
nine year old Vernon Gene and
a sister, Janette Ann, 10, of Den-
ison.
SARAH JANE SHORT
Funeral services for Sarah
Jane Short, 75, were held at
Riatcher Chape! December 15 at
2:00 p.m. with the Rev. Sam
Allenbaugh and the Rev. H.
P. Williamson officiating. Burial
was in Alexander Cemetery near
Anna, Texas with Bratcher Fun-
eral Home in charge.
Mts. Short, who had resided
on Route 1 for 22 years, died at
a local hospital Saturday morn-
ing at 8 o’clock after a long ill-
ness. She had been in the hospital
one week.
Mrs. Short was born in Cooke
County, Texas, July 23, 1882, the
daughter of Mr. and Mrs. Wade
Melton. She was married in 1898
to John Randell Short. She was
a member of the Baptist Church.
Survivors are three sons, W. H.
Short, Denison, Raymond Short
of Argyle, and Archie Short of
Carrollton; five daughters, Mrs.
C. E. Evans, Ft. Worth, Mrs. Wil-
lie Leftie, Van Alstyne, Mrs. C.
E. Jones, Sherman, Mrs. George
McFatridge, Paris and Mrs. Floyd
Whitley, Wamego, Kansas; a sis-
ter, Mrs. Vick Wilson, Meaker,
Oklahoma; 36 grandchildren and
19 great-grandchildren.
MRS. PEARL MOORE
Funeral services for Mrs. Pearl
Moore, 72, of Hendrix, Okla-
homa, were held at Bratcher Cha-
pel Thursday, Dec. 19 at 10:30
Donald Hooker conducted the ser-
vice and burial was in Cedar-
lawn with Bratcher in charge.
Mrs. Moore died in Wilson N.
Jones hospital Wednesday, Dec-
ember 18 after twelve days of
illness. She was born in Collins-
ville, Ala. Feb. 7, 1885, the
daughter of Mr. and Mrs. John
Mountain. She was a member of
the Church of Christ,
JOSEPH E. ALLEN
Bratcher Funeral Home had
charge of service Thursday af-
ternoon, December 19 at 2 p.m.
for Joseph E. Allen, 37, of Odes-
sa, son of Mrs. Nettie W’illiams
of Denison. The Rev. Earnest
Potter conducted the service and
burial was in Tom Bean Ceme-
tery.
Allen died suddenly at his
home Tuesday. He was born in
Ennis April 20, 1920. He was
married April 10, 1939 to Eddie
Mae Garrett. He was owner and
operator of a cafe and member
of the Tabernacle Baptist Church
in Ennis.
He is survived by his widow
a son, Elroy Allen, Odessa and
a daughter, Joyce Allen, Odessa
and his mother, Mrs, Nettie Wil-
liams, Denison.
MARTIN J. HYNES
Funeral services for Martin J.
Hynes. 83, native of Denison,
were held at St. Patrick’s Cath
olic Church December 19 at
9:30 with Monsgr. Thomas Zach-
ry officiating. Interment was in
Calvary Cemetery with Bratcher
Funeral Home in charge.
Mr. Hynes died in Vernon,
Texas Tuesday, December 17, af-
ter a long illness. He had lived
in Vernon for the past five years,
moving there from Bristol, Penn-
sylvania. He went to Bristol from
Denison in 1918.
Mr. Hynes was born in Den-
ison August 13, 1874, the son
of Mr. and Mrs. Martin J. Hynes,
Sr. He attended St. Xaviers
school. He formerly worked for
the Katy at Ray Yards as Chief
Clerk until he moved to Bristol.
He was a member of St. Joseph’s
Catholic Church.
He is survived by a brother,
John Hynes of Denison.
LUTHER REDFORD SHORT
Funeral services for Luther
Rcdford Short, 84, were held
Tuesday at 2 p.m. at Funderburk
Funeral Home with the Rev. Ed
Broome, pastor of Parkside Bap-
tist Church, officiating. Inter-
ment was in Vittitoe Cemetery,
with Funderburk in charge.
Pallbearers were Vincent Price.
James Duke, Lewis Mell Short,
C. W. Moore and S. C. Hendrix.
Mr. Short, retired farmer, died
at the Denison Hospital at 6:25
p.m. Sunday, December 22, after-
six months of illness. He had
been in the hospital one day.
Deceased was born Oct. 21,
1873 the son of Mr. and Mrs.
Wm. Short. He came to Denison
from Whitewright 8 years ago.
He was a memberof the Pente-
costal Church.
Survivors are two sons, Sam
Short of Dallas, and Charlie
Short of Cotton Center, Texas;
five daughters, Mrs. J. B. Mul-
lins, Pottsboro, Mrs. Viola Web
ster, Mrs. Juanita Watson and
Mrs. Ruth Johnson all of Pico,
California and Mrs. Jane Burden
of Dallas; a brother, W. F. Short
of Gunter; a sister, Mrs. Martha
Long of Bonham; 19 grandchild-
ren and 52 great-grandchildren.
Followers of Russell
to meet at McKinney
Mr. R. L. Scofield, presiding
minister of the Denison congre-
gation of Jehovah’s Witnesses
has announced that delegates
from Denison are making prelim-
inary plans to attend a three day
convention in McKinney, Texas,
December 27-29.
In discussing this announce-
ment to the congregation, Mr.
Scofield pointed to the “need for
practical use of the Bible as a
help jn fortifying the spiritual
morale of the people in our com-
munity.”
The purpose of the convention
is to provide additional Bible in-
structions for the Witnesses. Con-
vention officials report that the
morning, afternoon and evening
sessions will be devoted to Bible
talks, discussions and practical
demonstrations for this purpose.
“EXCEPTIONAL OPPORTUNITY"
For reliable person, man or lady,
with vision and ability to act im-
mediately for a lifetime of assur-
ed income. To service route of
cigarette machines established lo-
cally for operator. $900 to $1800
cash investment required, THE
RETURN OF WHICH IS GUAR-
ANTEED IN WRITING BY US,
for you to earn up to $260 per
month part time. You can net up
to $28,000 annually on a full
time basis. We are an established
reputable concern with the finest
and oldest name brand equip-
ment. If you have the cash and
are sincerely interested please
write giving your phone number
and biief background for a local
interview at your convenience.
L&M DISTRIBUTORS, INC.
6513 Cedar Ave. So.
Minneapolis 23, Minnesota
28-lt
Modern Home
Making
By Julia Hunter
Home Economics Director,
Lone Star Gas Company
Salads are a must with rich
holiday foods. Their freshness
and crispness add color and tex-
ture to meals whether meals are
several course dinners, sandwich
suppers or cold sliced turkey and
ham snacks. Equally important as
the color and texture are the val-
uable nutrients from the fresh
fruit and vegetable salad ingred-
ients.
Citn i fruit sections folded in-
to wh :i. I gelatin make a delic-
iou.. tart salad. Lime gelatin
whipped with a rotary beater
when it has thickened and with
grapefruit, orange and tangerine
sections folded in, is delicious
with ham or poultry. The frosty
green of it is pretty, too.
Waldorf salad is always pop-
ular at holiday time. The tradi-
tional apples, celery and nuts
that go into the making of it give
a new and interesting flavor when
combined with cranberry sauce,
apple cider and gelatin. Here
again, color is worth mentioning.
Salad may take the form of a
relish tray with celery curls, rad-
ishes, carrot sticks and other
fresh vegetables. Spiced peaches
go well here. For spiced peaches
in a hurry, drain the syrup from
a No. 2 Li can cling peach halves
packed in medium syrup. To the
syrup add 3/4 cup brown sugar,
K cup vinegar, 2 thiee-inch
sticks cinnamon, 1 teaspoon whole
cloves and 1 teaspoon whole all-
spice. Bring the mixture to a boil
over a full gas flame and boil 5
minutes. Reduce the flame to low,
add the peach halves and simmer
5 minutes. Cool. Store in gas re-
frigerator to chill. Makes 4 to 6
servings.
Recipe of the Week
Cranberry Cider Salad: Soften
2 envelopes unflavored gelatin
in % cup cold water. Place over
boiling water until gelatin is dis-
solved. Stir dissolved gelatin into
1 one-pound can cranberry sauce
which has been crushed with a
fork. Cool. Add, mixing well, 2
tablespoons lemon juice and 1
cup apple cider. Chill in gas re-
frigerator until thickened, Stir
in hi cup unpeeled diced apple,
pj cup diced celery and M cup
chopped nuts. Pour into individ-
ual moalds or 1-quart mold which
has been oiled r ri: s d with
cold water. Chill in gas refriger-
ator until firm. Makes 8 servings.
ENJOY GOOD FOOD
and FAST SERVICE
WHETHER YOU WANT A
SNACK OR A MEAL
IT'S SERVED TO YOU IN
A MATTER OF MINUTES . .
THE WAY YOU LIKE IT.
"Serving Flat Food to
Donison and Toxomaland"
J. C. CAFE
212 West Main •
Phone HO 5-1499
State wide confab
firearm training
boat craft, likely
AUSTIN—Governor Price Dan-
iel endorsed a proposed State-
wide conference on firearm train-
ing and boat craft, with safety as
the primary theme, which Sports-
men’s Clubs of Texas announce?,
for National Wildlife Week in
March.
The Governor will meet soon
with SCOT President Toddie Lee
Wynn, Jr., of Dallas, and other
members of the organization to
discuss the proposed conference.
These will include Hayden Head
of Corpus Christi, and Wilson
Southwell of San Antonio, SCOT
officials, and O. R. Mitchell, San
Antonio wildlife enthusiast.
Wynne pointed out that fire-
arm and boat safety are of grow-
ing concern in Texas. On a re-
cent weekend, three hunters were
killed by firearms and three oth-
ers drowned when their hunting
boat? were swamped.
Wynne said the plan envisions
forma] calling of the conference
by the Governor and the assign-
ment of key roles to the Depart-
ment of Public Safety, Games and
Fish Commission and other State
agencies.
Such groups as the N^fional
Rifle Association and the Na-
tional Motor Boat Association, as
well as boat and firearms manu-
facturers, would probably partic-
w
Get Acquainted
Offer
Watches cleaned
and repaired $4.50
(ordinary works)
Joseph W. Hotard
(at Madden's)
Phone HO 5-2055
THE DENISON PRESS, DENISON, TEXAS
FRIDAY, DECEMBER 27, 1957
PAGE FIVE
ipate in the conference, Wynne
said.
“Others considered capable of
contributing to the first State-
wide conference of this nature in
Texas would include groups al-
ready active in firearm training
and boat handling, such as sports-
men’s units, city recreation de-
partments, FFA and 4-H clubs,
and Boy Scouts,’’ the SCOT pres-
ident said.
“Wp jn SCOT appreciate Gov-
ernor Daniel’s interest and sup-
port, which we believe will make
the project a success and enable
Texans to further enjoy sports
involving firearms and boats with
a greater degree of safety.”
The Navy reports that more
than 25,000 letters have been dis-
patched to “Operation Deep-
freeze.” Peak load was 5,000 in
one week.
New pictures of the sun taken
from a Navy balloon at 81,000
feet revealed that the face of the
sun wa a mass of gaseous eddies
200 to 500 miles in diameter
with a temperature of about 9,-
000 to 12,000 degrees fahrenheit.
RATES
Contract rates rill be given
upon application. Legal rates at
one cent per word per Insertion
1 time lc per word.
3 times 2c per word.
6 times 3c per word.
Minimum charge is for 12 words
(for consecutive insertions
FOR RENT
Two room furnished apartment.
All bills paid. Ideal for working
woman. Adults only. 1001 W.
Sears. Phone HO 5-2017 after 4
o’clock.
SNOW-UUHIT€
Launderers, Cleaners, and Dyers
PHONE HO 5-6446
J. V. CONATSER AGENCY
"INSURANCE THAT INSURES”
J. C. Conatser
W. E. Conatser
J. V. Conatser
108 NO. RUSK AVENUE
Phone HO 5-3262 Denison, Texas
PAINTING
!■]«»] i i in
125 W. Main
Phone HO 5-5775
FOR YOUR PAINTING NEEDS
crirn >T7 A guaranteed pro-
at-iuu i /. duct. Use it and if
PAINTS (t does not satisf;
—your money back
u.iiTiTiivT Deluxe quality.
MULTITINT Made in 36 match-
mate colors and 9 finishes.
SID MAPLES
JOHNSON-MOORE
FUNERAL HOME
Phone HO 5-3345
24 HOUR AMBULANCE SERVICE
Before drydocks, ships were
careened on their sides in the
water tor repair,
Ice Cream
Precious Gems
Plumbing
J. R. HANDY
AGENCY
GENERAL
INSURANCE
Phone HO 5-5420
110 N. RUSK
Bratcher
Funeral Home
401 W. Woodard
Phone HO 5-2323
Paint
For All
Possible
GOOD
HEALTH
Eat
ICE
CREAM
From
*■
ASHBURN’S
Radiator Work
Dale Bernethy
Garage
711 S. Armstrong
Phone HO 5-2520
PERFECT
DIAMONDS
Phone HO 5-4411
220 W. Main
BUTANE GAS
ALLEN BUTANE GAS
CO.
Butane Gas Appliances
Installed
Repaired
Serviced
Office Phone 2040
or
Residence Phone 2778Y1
SHERMAN, TEXAS
106 S. ELM
PLUMBING FIXTURES
We Carry All Supplies
Koeppen-B&ldwin, Inc.
303 W. Woodard
FHA Title 1 Loans
3 YEARS TO PAY
MINNESOTA PAINTS
LUMBER and BUILDING
MATERIALS
V. A. BRUNO
LUMBER YARD
PHONE HO S-20OI
600 S. Crockett At*.
' > i , , v '
SID MAPLES
LOANS
SPORTING GOODS
Musical Instruments
Phone HO 5-5775
125 W. Main
Insurance
■M 7 0(
Insurance
Give Yourself and Family Ade-
quate Protection!
• LIABILITY
• LIFE AND ACCIDENT
• PROPERTY LOSS
H A N A N
INSURANCE AGENCY
GLEN A. (Babe) HANAN
112 Barrett Building
Phone HO 5-3050
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Anderson, LeRoy M., Sr. The Denison Press (Denison, Tex.), Vol. 29, No. 27, Ed. 1 Friday, December 27, 1957, newspaper, December 27, 1957; Denison, Texas. (https://texashistory.unt.edu/ark:/67531/metapth736925/m1/5/: accessed July 11, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Grayson County Frontier Village.