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The Influence of taxes on the
American family -will be upper
most In the minds Of members of
Congress tor the next few weeks.
They are seeking the answer to
How can they satisfy ♦increas
ing pnblio demands for tax re
duction and at the akme time find
other taxes to offset such a re
duction? Their problem is made
doubly hard by the fact that Uncle
Sam wants to spend 5 1-2 billion
above his income next year.
The Council of State Chambers
of Commerce today pointed up the
problem In a special study by its
Washington research staff. It
found that the *40 1-* billion in
all taxes collected by the F^ler
ftl Government last year came from
these sources: 44 1-2 percent from
personal Income taxes, 28 1-2 per
cent from corporation Income
taxes, 6 per cent from social se
curity taxes and the balance of
2l per cent from a great variety
of excise and miscellaneous taxes.
A tax study Issued-this month
by the Brooking Institution, an
impartial research organization,
revealed that three fifths of all
manufacturing corporations take
the corporate Income tax into ac
count in determining the prices of
their products. This means that
the consumer pays a large part of
corporate taxes too.
Ernest Breech, executive vice
president of the Ford Motor Co., in
reply to a question whether the
price of cars would go down if his
company's taxes were cut, said,
. "Certainly It would cut prices.
In the long run, eve'ry corporation
must price its products so as to
make a reasonable return after
taxes in order to survive and
grow. In the final analysis, income
One hundred and seventy-four
years of independence celebra
ted in the American tradition.
THIS BANK WiLL NOT TRANSACT BUSINESS ON JULY 4TH
The Northwestern Bank
North Wilkesboro, N. C. £j
MEMBER FEDERAL DEPOSIT INSURANCE
SURVIVES KIDNEY TRANSPLANTATION
, . ; ■ " ■ ■ r
BELIEVED TO BE THE FIRST patient ever to have a kidney replaced by
one from a dead person, Mrs. Howard Tucker rests in the Little Com
pany or Mary Hospital, Chicago, 111., as Dr. Richard Lawler, who per
formed the operation, checks her condition. Mrs. Tucker's husband
(right) looks on. The surgical transplanting was accomplished within 45
minutes of the death of the woman donor. (International Soundphoto)
taxes are just as much a cost of
doing business as payroll."
A group oftCongressmen, doing
some rough figuring on their own
recently, concluded that a family
of three persons with an income of
$3,000 pays $201.60 of that in
come in corporation income taxes
which are included in the prices
of the things they buy. A family
of four with an income of $5,000
pays $316,180, the same sized
family with an income of $7,500
Robber Buys Drinks
With Taxi Man's $4
Montreal — Taxi driver Romeo
Bonneau complained to police
yesterday that John William forc
ed him into a bar and bought him
| Questioned further, Bonneau
said William bought the drinks
with $4 which he took from Bon
neau at gun point.
| William will be sentenced June
27 on an armed robbery charge.
Cape Hatteras in North Caro:
Una is the nearest point in the
United States to Bermuda.
Crimson Clover Seed
Not Avoilale For
Use In Corn Crops
It was announced today bj
Maude S. Miller, Secretary of th<
Wilkes County PMA Committee
that an attempt had been made
by the County Committee t(
secure crimson clover seed for use
in sowing in corn when it is layec
by. Due to a shortage of seed
there is not enough available tc
be offered on purchase orders at
this time of year.
Mrs. Miller announces, how
ever, that prior approval can be
given, if any farmer desires tc
purchase seed for use in corn
when it is layed by, from the
short supply that is in the hands
of the dealers at the present time.
Farmers should come by* the
county PMA office and get prioi
approval, then buy the seed and
turn their sales tickets in to the
county office. Reimbursement will
be made for the Government's
part in a check this Fall. Aust
rian winter peas will be available
by the last of this week or the
first of next. This is an agreeable
substitute for crimson cloVer, and
will come at a cost much lower.
CARD OP THANKS
We wish to take this means
to thank our friends and neigh
bors, doctors and nurses for the
kindness and sympathy shown us
during the sickness and death ol
our dear mother, especially the
ones who were sO faithful to sit
up at night.
THE CARDWELL FAMILY
North Carolina produces more
textiles than any other-state.
OF SERVICE BY PUBLICATION
la The Superior Court
North Carolina, Wilkes County;
Dewey Burchette, vs.
The defendant, Mamie Burch
ette will take notice that an action
has been commenced in the Su
perior Court of Wilkes County,
entitled as above, for the purpose
of an absolute divorce; and the
said defendant will further take
notice that she is required to ap
pear at the office of the Clerk ol
the Superior Court of Wilkea
County within 20 days after the
completion of this notice and an
swer or demur to the complaint in
said action or the plaintiff will
apply to the Court of the relief
demanded in said complaint. This
20th day of June, 1960.
C. C. HAYES,
Clerk Superior Court
tat kind Of tipper are you?
•ding to service personnel,
tippers fall into one of four
classes — sentimental type, the
big shot, sucker type and (lis
can save money
best service in "Tippl
to Stay," in June 4 issue ot
American Weekly, nation's
■■■vpipHpiiHDpnil ' 1 "
orite magazine with the
more Sunday American.
from your local