WEDNESDAY. OCTOBER 17. 1962
JRC
Tax
Approves
Revision
WASHINGTON (4') Presi
dent, Kennedy signed the new tax
revision bill' yesterday. He said
in a statement that it "will stim
ulate the economy and provide a
greater measure of fairness in our
tax system."
The bill carries a $1 billion
business modernization incentive
feature.
Kennedy
aimed at the
'avoidance w
distribute 1
burdens in
fairly and
crease :even
Various pr(
ions are ciesil
to reduce
avoidance of
es on into)
earned
,by
American
panies arul
viduals:: in this • J '' raaa.el
•
country' and abroad.
Kennedy called attention also
to the .provision for an invest
ment tax I credit "Along with
newly reyised• guidelines for de
predation rat assets," he said,
"this credit will provide added
stmiulus to investment in ma-
-JFK, Plays Host .
To Schirra Family
WASHINGTON (A ) }--In a hom
ey,. relaxed 'fashion. President
: Kennedy played -host in his office
yesterday to Crndr. Walter M:
Schirra Jr., the aix-orbit astro
naut's pretty blonde wife and
their two red-haired children.
The President, sitting in his
rocking chair, swapped small talk
with the youngsters and dis
cussed with the 39-year-old com
mander his nine-hour space
flight
This was the windup of the
glary days Scbirra has been en
joying since his whirl around the
earth two weeks ago. It's back
to work now.
• Schirra enjoyed celebrations
In Honolulu and in Houston, Tex.,
where- he now lives and got a
wild 'confetti ride through a string
of-towns -in his native New Jer
sey on Monday. •
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chinery and equipment, and give
American firms tax treatment
which compares favorably with
their competitors in world mar
kets."
CONGRESS TURNED down the
President's proposal for setting
up a system of withholding taxes
on interest and dividend income;
But it did establish requirements
that such income and interest be
reported. Kennedy said that this
will be helpful, whenautomatic
processing of returns is in opera
tion by the government, in im
proving compliance with tax
laws.
The investment credit of up to
7 per cent on purchases of ma-I
chuiery and equipment, is the
principal revenue law change that
Kennedy asked when submitting
the bill to Congress in April. 1981.
Gromyko to Confer With Kennedy
On Berlin Before. Return to Russia
WASHINGTON (AP) Soviet
Foreign Minister Andrei A. Gro
myko will discuss the Berlin cri
sis with President Kennedy here
tomorrow before returning to
Moscow to report - to Premier
Khrushchev.
_Kennedy reportedly plans 'to
emphasize to Gromyko the United
States determination to defend
West Berlin and its access routes
against expected new Communist
Pressures and to tell him the
Nov. 6 congrissioual elections
will make absolutely no difference
in U.S. policy.
THE ADMINISTRATION has
been attempting to convince Kh
rushchev of the danger of nuclear
war if Khrushchev presses too
hard later this year in attempting
to force the Western powers out
of Berlin.
West German Foreign Minister
Gerhard Schroeder is conferring
here no' with secretary. of State
Dean Rusk on what response , the
West should niake to challenge
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U.S., Britain Cheer
Congo Cease-Fire
UNITED NATIONS, N.Y. (JP) will receive medical supplies, fuel
—The United States and Britain and food supplies under U.N.
welcomed a cease-fire agreement guarantee. It calls also for an
signed yesterday between Kam- exchange of - prisoners. It ends,
gan and Congolese armed forces year-old sporadic hostilities in'
as a step toward implementation= northern Katanga that were a
of Acting Secretary-Generart major source of friction in the
Thant's unity plan l for the Congo. Congo.
U.N. sources: close to Thant said Still to' be worked out is a
signed in Elise means of obtaining a pledge of
the agreement'
bethville, capital o f secessionist allegiance by the Katangan
Katanga Province, was :an en- gendarmerie to the Congolese ar
couragmg sign. But they cau- my. U.N. military observers on
tioned also against making t oo the scene satethey were hopeful
much out of it at this stage. this - could be put on the dotted
THE AGREEMENT provides line today.A
SPOKESMAN for the U.S.
for a freezing of troop movements delegation hailed the agreement
by the central Congolese army as a hopeful development that
and the Katangan gendarmerie of might pave the way for the long-
President Noise Tshombe pend- sought unification of the Congo.
ing arrangements for their inte- He - noted that there is still a long
gration. way to go before that.is achieved.
Under the agreement both sides . British reaction was similar.
Both the United States and Brit
ain along with Belgium support
Thant's plan. for Congo unity.
Word that the agreement was
imminent caused U.s. Ambassa
dor Adlai E. Stevenson to tell
President Kennedy on Sunday
there is now some hope of work
ing out a solution in the Congo.
the Soviets and East Germans
present.
And U.S. Ambassador Foy D.
Kohler had a three-hour confer
ence in Moscow iyesterday with
Khrushchev, his •first - official call
on .the Soviet premier, There has
been no announced report on what
they discussed.
SCHROEDER TOLD A luncheon
meeting of newsmen his govern
ment. has "unlimited confidence"
is' determination of the United
States not to permit the Soviet
Union "to violate
,the freedom of
the people - of Berlin."
Schroeder and Rusk began their
talks Sunday. The West German
leader is expected to confer with
Kennedy before ending his Wash
ington consultations today.
It is understood that Rusk and
S chro e d e r are substantially
agreed the Western powers cannot
permit any deterioration of their
Berlin position or any new gains
for the Soviets by what diplomats
call "salami tactics" slicing
away the Western position a little
at a time.
ICC Hears Arguments
For Railroad Merger
WASHINGTON OP) More
shippers told the Interstate Com
merce Commission yesterday they
would benefit if the - Pennsylvania
and New York Central railroads
were allowed to merge.
A dozen representatives of in
dustrial firms testified in support
of the proposed merger at a hear
ing before two ICC examiners.
They are among more than TO
such witnesses who have tesjilied
or are scheduled to testify at the
sessions.
Most of them cited as benefits
they expected from the merger
to bring improved service and
greater availability of freight
cars.
TAKE A
STEP
CLOSER
TO YOUR
FUTURE
THURSDAY
OCTOBER 18
If you are a qualified engineering stu
dent who feels your future lies in re
search or applied engineering, be sure
to sei the Linde Company repre
sentative when he is interviewing on
campus-
The LINDE Laboratories provide
an ideal growttv envimment tot the
scientific-minded. Significant is the
fact that. in only 15 years. LINDE re
search and applied engineering people
have created products and facilities
which now =mint for more than halt
of the company, total saks volume.
YOU can yaw as LINDE grows.
ContaCt your engineering placonea,
office non for an appointment.
LINDE
COMPANY c449E.
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All EQUAL-GPIOATUNITY MOTES
PAIN THREE
TAratgA ihe
Looking Glass
wttb Gift!
The tigers are coming this
week. Get out you nets, cages,
guns, bows and. arrows t , beebe
guns, pea shooters, etc. Be on
the lookout for any stray tigers
roaming around campus. Stop
them - ---no matter what. Use
your 'oie peo shooter, if neces
sary.
While looking amund for tigers,
don't let your beady eyes miss
Ethel Monfort Vs. You'll miss so
many wonderful things. Stop in
—to buy or to browse.
SMALL, Smaller,
smallest
Once upon a time, there lived
a very very small boy named
Peter Pauper. He was ahays
much much tinier than the
other boys. So, when he was
grownup, he was still kniall
only 3 feet tall. It was so so
difficult for Peter to hold a
normal size book in his small
small 'hands. To him. every
book was a big big one. One
'book maker" decided to print
books to match Peter's size. So,
since -this printer was so so
original, he named these books
"Peter Pauper Hooks."
Even though these books are
tiny, they are packed full with
licierns, or riddles, or recipes,
or sayings. or fairy tales, or .
Some of the books are "Sayings
of Buddha", "Sonnets from the
Portuguese", - Japanese Fairy
Tales'', "Emily Dickinson
Love Poems", "ABC's of Italian
Cookery". Many many others
to choose from -- at Ethel
Moservis. of course. For such
big tiny books, you pay only
$1 DO each.
BIG, Bigger, biggest
For all ymi people with big
minds or bag mouths (and for
you "normal" type people),
Ethel ha., big big greeting
cards. They're not the usual
large studio cards, but a new
type. On the covers you will
find beautiful drawings
sketchy type ones in color
of little girls, or sad, clowns.
won't tell you the other kinds
of drawings. Come in to Ethel
Meservo's 'and see for yourself.
And they are only 50r or 75r,
DRIP DROP ...
DING DONG . . .
Hear the drips drops_ and the
ding donipe! (If you do,
drip
dropstoo too crazylp The drip
drops are for showers and the
ding dongs for weddings, of
course. Showers, weddings, and
anniversaries are always going
on. And for the perfect gift,
stop in at Ethers. There you
will find sOOOO many beautiful
things from whieh to choose.
How about a wooden salad
bowl? or maybe • glass dish?
Stop in at Ethel Meservais any
time. Just tell them Gabbi sent
you.
Must run!
Gabbi
112 E. Collog•