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About The Plattsmouth journal. (Plattsmouth, Neb.) 1901-current | View Entire Issue (Jan. 12, 1961)
THr PLATTSMOUTH, NTBRA3KA, SFMI-WrrKLY JOURNAL PAGE EIGHT Section D Thursday. January 12, 19G1 Weeping Water Mr. and Mrs. Wallace Richert and family of Murdoek were Sunday dinner guests of Mr. and Mrs. Sterling Wiles. Mrs. Elwln Issac and Frankie of Manley, Judy Sheehan and Mrs. Robert Jewell were Satur- SLIPS Only $1.98 EACH PLASTIC BATHROOM AND SHOWER CURTAINS Regular $1.98 $ 1.49 SPECIAL MEN'S Sixes 10' - to 12 SOCKS 3 , Many Money Saving Values On Our . . . TUMBLE TABLE 5c O 10c $1.00 & Up Lovely X Nylon NA Rayon TmA s,ips f These ' . j Are l Regular J $2-98 7T Value A I Now Report of Condition of AMERICAN EXCHANGE BANK OF ELMWOOD, CASS COUNTY, NEBRASKA Charter No. 145 at the close of business on Dec. 31, 1960 ASSETS Cash, balances with other banks, including reserve t balances, and cash items in process of collection $ 182,536.32 United States Government obligations, direct and guar anteed 440,282.07 Obligations of States and political subdivisions 25,307.50 Loans and discounts (including $95.49 overdrafts) ... 820,469.58 Bank premises owned 1-00 TOTAL ASSETS $1,468,596.47 LIABILITIES Demand deposits of individuals, partnerships, and corporations $ 1,104,020.33 Time deposits of individuals, partnerships, and corporations 78,849.26 Deposits of United States Government (including postal savings) 26,863.38 "Deposits of States and political subdivisions 118,190.20 Other deposits (certified and officers' checks, etc.) . . . 2,160.09 TOTAL DEPOSITS $1,330,083.26 TOTAL LIABILITIES '...$ 1,330,083.26 CAPITAL ACCOUNTS Capital $ W ,500.00 Surplus 48,000.00 Undivided profits 39,013.21 Reserves (and retirement account for preferred capi- al) 14,000.00 TOTAL CAPITAL ACCOUNTS 138,513.21 TOTAL LIABILITIES AND CAPITAL AC COUNTS $ 1,468,596.47 'This bank's capital consists of: Common stock with total par value of ..$37,500.00 : MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes (including notes and bills redis counted and securities sold with agreement to . . repurchase) $ 125,000.00 I, Guy L. Clements, President, of the above named bank, do hereby certify that the above statement Is true to the best of my knowledge and belief. GUY L. CLEMENTS, President Correct Attest Guy L. Clements, Dwight L. Clements. Sanford L. Clements Directors -No. 5063 Jan. 12, 1961. day lunch guests of Mrs. Frank Pace. Mr. and Mrs. Ed Stelnkamp attended the farewell party on Wednesday evening in the Chris tian Church parlors for Mr. and Mrs. Stanley Schroeder and family who are moving this weekend to Burlington Junction, Missouri. Judy Sheehan was a Friday overnight and Saturday guest of j Mrs. Frank Pace. Mr. and Mrs. Harold Bruns ! and family were Sunday supper ' guests of Mr. and Mrs. Henry 1 Bruns of Dunbar. 1 Mr. and Mrs. Harry Critser j were Friday evening guests of I Mrs. Marie Petersen. Mrs. Leon Bond entered the 1 Clarkson hospital in Omaha on Friday evening for observation and treatment. Mr. and Mrs. Wilbur Upton and family and Mrs. Eugene Ege of Lincoln, Mr. and Mrs. John Upton and family of Me- Cool Junction, Mr. and Mrs. Omar Gottule and family of Fremont, Milton Upton and Maude Powers of Lincoln, Mr. and Mrs. Richard Nickels and Mrs. John Upton were Monday dinner guests of Mr. and Mrs. Arnold Upton and family. Mr. and Mrs. George Platzer of Plattsmouth were Friday eve ning lunch guests of Mr. and Mrs. George Bates. Guy Clem ents of Elmwood and Dr. Betty Clements of Pheonix, Arizona were Saturday afternoon callers at the Bates home. Mr. and Mrs. Willis Lorensen and family were Sunday after noon guests of Mr. and Mrs. Gayle Lorensen and family at Humboldt. Mr. and Mrs. Frank Nickels and Velda. Mr. and Mrs. Carl Nickels of Plattsmouth, Mr. and Mrs. Richard Nickels and Shir ley Upton were Sunday after noon and unch guests of Mr. and Mrs. Edward Van Horn and family. Mrs. Wilson Bickford, Mrs. Byron Baker and Mrs. Harry Potts were Thursday afternoon pinochle guests of Mrs. L. E. jQhnson. Mr. and Mrs. Wilson Bickford and Mr. and Mrs. Harry Potts attended the Weeping Water -Seward basketball game Sat urday night at Seward. Enroute home they were coffee guests of Mr. and Mrs. James Hermance and Jo Ann in Lincoln. Mr. and Mrs. Louis Allgayer and Carlene and Mr. and Mrs. Lester Shrader were Sunday din ner guests of Mr. and Mjs. Louis Allgayer, Jr. and family of Nehawka. Mr. and Mrs. Wayne Patton and girls left for their home in Anaheim, California on Thurs day after visiting with Mr. and Mrs. Walter Patton ond Ruth , Ann and other relatives. Mr. and Mrs. Edward Wooge ! and family of Crab Orchard were Sunday afternoon guests of Mr. and Mrs. Victor Plunkett and Wendell and Mrs. Marvin Conger and Jordy. Mr. and Mrs. John Groesser and Sieven entertained at a din ner on Sunday honoring Mrs. Ethel Groesser on her birthday. The guests were Mr. and Mrs. Alvin Groesser and boys. Mr. ! and Mrs. Rudolph Hart, Mr. and Mrs. Arthur Rough, Mr. and Mrs. Ray Wiles and Mark Wiles. Mrs. Groesser's """'""J """ on Monday. Mrs. Louis Allgayer and Car lene visited on Saturday after noon with Mr. and Mrs. Louis Carsten in Avoca. Mrs. Arnold Upton entertained at a birthday party on Thursday after school in honor of the eighth birthday of her son Ken neth. The guests were David Wright, Jack Ratliff, Greg Bick ford and Billy Thornton. The boys played after school and then Mrs. Upton served them a birthday supper. Sunday afternoon guests of Mr. and Mrs. George Bates were Mr. and Mrs. Wayne Hedden and family of Greenwood, Mr. and Mrs. Carl Nickels, Mr. and Mrs. Frank Nickels and Velda of Plattsmouth and Mr. and Mrs. Ray Lambert and Skippy of Lincoln. Mrs. Victor Plunkett and Wen dell and Mrs. Marvin Conger and Jordy were Sunday afternoon callers of Mr. and Mrs. Eanos Plunkett and family. Mr. and Mrs. Laurence Eiden miller went to Nebraska City on Thursday where Mr. Edenmiller went to the doctor. Enroute home they were dinner guests of Mrs. Clifford Cooper. Mrs. Sam Hughes was a Sun day afternoon guest of Mr. and Mrs. Frank Cook. Mr. and Mrs. Laurence Eiden miller and family were Saturday afternoon guests of Mr. and Mrs. Pete Nickel of Wabash. Mr. and Mrs. Leo Hohman and family of Plattsmouth and Mr. and Mrs. William Heard of Man ley were New Year's Day din ner guests of Mr. and Mrs. Mark Hohman and family. Mr. and Mrs. Art Barkhurst were the guests of honor at a birthday party on Sunday even ing at their home. The guests came for a covered dish supper before the pinochle party. Those attending were Mr. and Mrs. Ross Kinton, Mr. and Mrs. R. o. Baker, Mr. and Mrs. Fred Cher ry, Mr. and Mrs. Wilbur Clark and LaMar, Mr. and Mrs. Hom er Jameson, Mr. and Mrs. Ras mus Lauritzen, Sr., Mrs. Alma Berner and Lloyd Anson. High score prizes were won by Mrs. Barkhurst and Mr. Kinton. Low score prizes were won by Mrs. Baker and Lloyd Anson. Greenwood Mm. Frank Hurlbut Sunday callers on Mr. and Mrs. Fred Palmquist were Mr. and Mrs. Cecil Cobb and sons of Lincoln. Mr. Palmquist is still quite ill at his home. Mrs. Dora Miller is spending this week with her sister in Omaha. Callers on Mrs. Leonard Jewell were Mrs. M. O. Warddrip and Rex Sherman of Ashland and Mrs. Harold Agena and children. Mrs. Grace Sherman of Ashland spent from Wednesday to Sat urday at the Jewell home. Mr. and Mrs. Leonard Jewell and son were Sunday supper guests of Mr. Jewell's parents, Mr. and Mrs. Andrew Jewell of Fremont. Mr. and Mrs. Leonard Jewell called on Mrs. Frank Maxey at the Fremont hospital Sunday evening. Randy Condon spent Friday afternoon and overnight at the Delmar Condon home and Mr. and Mrs. Lowell Condon spent Saturday afternoon at the Con don home to pick up Randy. Mr. and Mrs. Everett Lapham of Ashland were guests of Mrs. Lytha Bauers Monday. Mr. and Mrs. Turley Wall ac companied Mr. and Mrs. Robert Wall to Lincoln last Monday and brought Mr. and Mrs. Robert Walls twin son, Donald, home from the St. Elizabeth hospital where he had been past 10 days for meningitis virus. While at the hospital they called on Mrs. Turley Wall's brother Michael Smith who is a patient there. Sunday afternoon callers at the Everett Cope home were Everett's sister, Mrs. Norma Hurlbut and Bill Slober of Coun cil Bluffs. Saturday evening callers at the Ross Casey home were Mr. and Mrs. Ruel Nickell and Mr. KIDNEY DANCeITsICNALS Getting up nights, burning, frequent or scanty flow, leg pains or backache may be warning of functional kidney disorders- "Danger Ahead." Help nature eliminate excess acid and other wastes. Flush kidneys with BURETS. Your 50c back at any drug store in 4 DAYS if not pleased. NOW al SCHREINEK DRUC. The Second By Carroll Kraus School of Jouralism Depth Reporting Class (Fourth in a Series) EDITOR'S NOTE: A survey by the University of Nebraska School of Journalism Depth Re poprting Class indicates that 25 of the 43 members of the 1961 legislative session would favor the "right" tax-broadening bill. The senators agreed that taxa tion would lio nnsuihlv tVio hiu This is he fourth n x -fries examining Nebraska's taxation past and present. Today's in stallmentWhy Not Local Tax Broadening? The whole discussion of a broadened tax base on the state level leads some people to say "Why broaden the state tax base at all? Let's get real tax relief by inaugurating a local sales or income lax or both." Lo cal taxes in Nebraska are run ning five to six times as high as state property taxes. But N. U. tax expert Dr. E. B. Schmidt says experience has proved that local sales and in come taxes cannot be success fully administered unless the local agencies are located in a state which uses the tax or taxes on a statewide basis. He says that a local sales tax in this situation will hardly work because: Businesses will be affected and may move outside the tax area, but still within easy reach of the customer. It would be necessary to dis tinguish between resident (tax able) and non-resident (non taxable) sales and income. High administrative costs are inevitable. No taxable sales will occur in some areas which have no in corporated governmental units. Another of the often asked questions pertaining to a broad ened tax base is how much money will a sales tax or an income tax raise. While Schmidt says the questions are logical ones, they can't be answered successfully unless the terms of the proposed tax are clearly and completely defined. There are several varieties of each tax and the rate of each I can vary; application can.be made broad or narrow. He says: 'No one expert or otherwise, can give you an ac curate estimate of how much a sales or income tax will raise unless the rate, terms and ap plication of the proposed tax are clearly and precisely defined." Another question that often arises in discussion of the sales tax has to do with "regressivity," a regressive tax being one which weighs more on the low-income person than on the higher in come ones. Many have accepted the belief that the sales tax is notoriously regressive; that it makes "the poor man pay more than the rich man." But Schmidt says a number of experimental studies have shown that the sales tax is not as reg ressive as is commonly believed. The professor also points out that state law protects the small taxpayer just as it protects the large taxpayer. Since these gov ernmental services have value, they can be measured in terms of supplementary income gain or loss. He says studies show that these services constitute an in come boost for low income groups but constitute a loss, or subtrac tion, from the middle and high income groups. Backers of a broadened tax base often point to other states in advancing their arguments for a sales or income tax. More than 30 states have retail sales taxes, generally at 2 or 3 per cent. As many as 36 might be included and this list contains the names of all the states on Nebraska's borders. Iowa, Miss ouri, Colorado, South Dakota and Wyoming all have 2 per cent sales taxes. Kansas' rate is 2'2 per cent, upped a half cent on the dollar only recently. Seven states have adopted the sales tax since 1950. About 23 states have combina tion sales-income taxes and ap proximately 13 have income taxes alone. It should be pointed out, how ever, that no two states are alike in what is taxed, especially in the case of the sales tax, there by causing the difficulty in any enumeration of have and have not states in regard to these two methods of taxation. As far as exemptions go in sales taxes, food and food pro ducts are exempt from the sales tax in eight states as are other miscellaneous items. A large and Mrs. Orlo Bray of Lincoln. Mrs. Nickell is Ross's sister. Mrs. Mildred Comstock, Mrs. Maude Basset and Mrs. Emmett Meyers attended the Ben Hur show in Omaha Friday evening. Mrs. Ross Casey and 2 boys spent Sunday afternoon with Mr. and Mrs. George Casey and family of Lincoln. Mrs. Frank Hurbut called on her mnfer. I ydia Mercer at the Elmwood Nursing Home Wed nesday morning. Surest Thing number of states tax utility sales; many others don't. The problem of what should be exempted from taxation may be one of the main barriers to ' a sales tax. For instance, labor , unions believe under a sales tax that food and clothing should j not be taxed; farm organizations say such things as farm equip ! ment and fertilizer should be exempt. Because of the many organiza j tional interests in the state, one man long familiar with the state tax situation believes that a i broadened tax base will never be : instituted until there is "a meet- ing of minds," with the heads j of interested organizations get I ting together to figure out what is agreeable to all parties. The ; source explained that the pro ', posed tax base broadening must be popular or it will never get , off the ground. CAPITOL CORNER by Congressman GLENN CUNNINGHAM By Rep. Glenn Cunningham Washington, D.C. (Special) This is the first of my weekly reports on the new 87th Con gress. I shall look forward to bringing you some of the behind-the-scenes news from Washington in this column, and I hope some of your questions will be answered. As in the past, I deeply ap preciate the cooperation of Ne braska newspaper editors who use this column each week. I will have a representative working full time in Omaha now to talk with anyone who has a problem involving the Federal Government or who might desire other information about Congress or Washington affairs. He is Gene Mahoney, a form er officer with the Omaha Po lice Department, who will be in my office in Room 600 In- surance Building. He has a copy of the film report on the riots in San Francisco against a com mittee of the Congress. This film is available for clubs and civic groups and may be booked by calling Mr. Mahoney. The number is 345-4646. This year the Congress and the Presidency will be in con trol of the same party for the first time in six years. After Senator Kennedy takes office on January 20, he will send his legislative program to Congress. I intend to examine each pro posal most carefully to deter mine the effect on Nebraska and the nation. Those proposals , which I feel are worthy and in ; the best interests of the country will have my support. But I will continue to oppose any budget busting proposals from the new President or from within the Congress as I have done these last four years. Work on the platforms and stands in front of the Capitol began more than three months before inaugural date. It takes that long every four years to erect all the Capitol stands. The steel framework is saved from inauguration to inaugura tion, which holds down the cost of the ceremonies. But like most things, the cost has been rising since 30 and 40 years ago. In 1925 the bill was $26,803 for Calvin Coolidge's Inaug ural. Hoover's ceremonies in 1929 cost $32,222, then the ex pense dipped to $22,089 for F. D. R.'s first term, but it has been rising ever since. This year a $250,000 sum is available, up $40,000 from 1957. The Bum A man rushed excitedly into the smoking car of a train. "A lady has just fainted in the next car," he cried. "Has anybody got any whiskey?" Immediately several flasks were brought out. He seized the nearest one, titled it back took a drink, and returned it.saying, "Thanks a lot. It always did make me sick to see a lady faint." He Didn't Understand "What are the alumni chip ping for now?" "It's the football team, old man. We want to get them a sound coach." "Hadn't we better get a motor bus'' ! Legislature Besieged by Flood Of Bills; More Will Come By Melvln Paul Statehouse Correspondent The Nebraska Press Association LINCOLN Bills continue to pour into the Nebraska Legisla ture, now in its second week. Individual senators will have through Jan. 30 to introduce bills, then only standing com - mittees or the governor may do so. The first week of activity produced 111 proposed new laws, many of them eliminating obso lete sections of statutes or harm onizing them with others. Early Indications are there will be much debate over pro posals introduced; to allow other elected officials to run for gov ernor, having the governor and lieutenant governor run for four year terms as a team, and ex tending term of state senators to four years. Now, every elected official but the governor cannot seek the governorship without waiting for two years after his term ex pires. Even the lieutenant governor cannot file for the governorship without abiding by the same pro vision of the Constitution that requires the waiting period. Veteran observers noted that the first few days of the bill introduction period produced fewer bills than normal. Many senators feel there will be less legislation proposed this session. Others think the total bills will hit the 800 mark. Now it is too early to guess at the final total. Governor Morrison Frank Brenner Morrison, a 55-year-old Lincoln attorney and Democrat, is Nebraska's 31st governor. He is the eighth Demo crat to hold the office. What type of person is he? Morrison is six feet, three inches tall and weighs 225 pounds. He has a firm hand shake, graying hair, good speak ing voice and likes to meet people. He was born at Golden, Color ado, May 20, 1905, was graduat ed from the University of Ne braska law college in 1931 and began practicing in Maywood in Frontier county in 1932. His middle name is the fam ily name of his mother. The Morrisons have two sons, Frank Jr., and Jon, and one daughter, Jean. Both Morrison and his wife, Maxine, were Republicans at one time but changed parties in the 30s. 1 "sfiiFPIis Jackets ENTIRE STOCK OF JACKETS, PARKAS, FINGERTIP COATS AT BARGAIN PRICES Hi) A FEW Men's Suits VALUES TO $50.00 ALL SALES FINAL! NO RETURNS NO EXCHANGES Morrison has been dabbling in politics for about 20 years, won many primaries for various offices but never got real close to a general election victory. The new governor plunged into duties of his office with I vigor after his Inaugurat ion at 'which he asked Nebraskans to : Join him in efforts to "make Nt braska grow." He says he will emphasize con solidation of functions in his administration, attraction of in dustry and explore how to im prove the tourist business. Among his specific proposals were those called for executive authority for the highway com mission which now is advisory, replacement of the Board of Control for management of sta te institutions, and changing res ponsibility for collection of fuel, cigaret and oil taxes from the agriculture department to the tax commissioner's office. Attorney General Atty. Gen. Clarence Meyer has named Jerry Vitamvas as his deputy and appointed Mel Kam merlohr of Hast ings as an assist ant attorney general to replace Vitamvas. Former attorney general C. S. Beck was elected to a district iudgeshin in his home town of North Flatte. Vitamvas had been an assist ant attorney general for sev eral years after serving as as sistant clerk in the State Sup reme Court. Budget Approach The budget committee of the Legislature is taking an unusual approach to state spending this session. It this week began a series of "ore-budget" hearings which its chairman, Sen. Richard Marvel of Hastings, described as "fact finding" hearings. These will be designed to find out how each department func tions and as much about its fiscal operations as possible be fore public airings of the agen cies' requests for tax funds are held. Public AVelafre Public Welfare will get con siderable attention this session of the Legislature. Sen. Sam Klaver of Omaha says he will call for a legislative Investigation of the program, at the state and local levels. The Legislature also will un doubtedly face the problem of what to do about the federal program for giving medical aid FOR MEN Cr BOYS ' on' ' I ZIPPER JACKETS SUEDE JACKETS BOWL JACKETS SUBURBAN COATS SHORT STYLES CAR COATS LIGHTWEIGHT AND HEAVIER JACKETS MEN'S AND BOYS' PARKAS EVERY ONE DRASTICALLY REDUCED Men's JACKETS START AT Boys' JACKETS NOW TOPCOATS $24.99 id $44.99 $ 25 to the n?rd. The advisory committee to the State Hoard of Public Welfare has suggested a "minimum pro grain" with the state's share of that program to cost about $4 1 million. There also are two other ap proaches, one costing $(1.4 mil lion, and the maximum of $13(5 million. State Public Welfare Director Frank Woods says Nebraska has about 155.000 persons 65 years old or more, of which about L'O cent need medical financial aid. POWDER - ROOM BANDIT Midland, Tex. A bandit walked into powder - room of a restaurant here and demanded three women give him their purses and jewelry. The bandit soon found that he had made a mistake, when one of the women. Mrs. M. K. Hewitt began beating him over the head with her purse. He dropped his gun and fled. ChoS County's Greatest Newspaper The Plat'Kmouth Jou.r' Coss Theatre Plattsmouth, Nebr. Thurs., Fri., Sat., January 12-13-14 James Stewart and A Big Cast "The Mountain Road" Epic saga of the scorched earth . . . you'll live every excit ing minute! Also 3 Stooge Comedy. Mat. Sat. 2:30 Nights at 7:30 Sun., Mon., Tues., January 15-16-17 mUBETH MTHMIIE TAYLOR HEPBURN MflHTGOUERY CLIFT imMm'i CmtHf blng uatd tor BOtmtklng mil Batd on tfit rl h TENNESSEE WILLIAMS One of the years 10 best pic tures . . . Based on the play by Tennessee Williams! Also Cartoon and News. Mat. Sun. 2:30 Nights at 7:30 $Q99 ' up $799 up i A. PL