davidaulloa/AmericanStories huggingface dataset:
The people's voice., 1958-06-13

But that has not prevented Con-
gress from passing on a little tax
relief for certain very special tax
payers-the giant insurance compa-
nies. The same men who today are
making sure there will be no tax cut
for Joe Doakes made sure that there
was tax slash for the insurance COM
panies.
The vote came late in the evening
on March Ia. Senators who had been
out for dinner or to cocktail parties
cast their votes in formal attire. When
it was over, big bipartisan block of
61* routed the 19 who opposed lower
ing the tax rate for insurance COM
panies. The measure was retroactive.
1t cut from 11.6 per cent to 7.S per
cent the taxes paid by insurance firms
on income from their investments.
The companies heaved a sigh of re-
lief and pocketed $124, 100000 that
had accrued and was actually owed
to the government since December.
WHOSE INEoUITY is "GORED"?
This law was tagged "stop-gap"
legislation. 1t was passed at the be-
hest of the insurance companies to
adjust unspecified 'inequities".
At the time, Senator Albert Gore
(D-Tenn.) demanded to know the
The people's voice., 1958-06-13

Farming E. :. like any other industry =.
needs the eficiencies and economies of
specialized departments.
The farm business needs sales de-
partment and purchasing department
:. someone to counsel on insurance
and credit :. and many more depart
ments to work out important problems.
If it weren't for cooperatives, most
farmers couldn't afford these special
lied services. Purchasing cooperatives
supply materials and products of high
est quality at lowest possible cost. Mar
keting cooperatives help improve the
quality of produce and sell it at the
most favorable prices. Mutual i1lsur-
ance companies provide protection at
lowest cost. Credit associations lend
money for farm operations.
These cooperatives make farming
more business-like and more profitable.
The people's voice., 1958-06-13

Nationwide, LU projects now under
Forest Service administration pro-
duced net revenue of $2,232, ,994.15
of which S558,248.54 is being paid
to counties in which the lands are
located. Thus, Northern Region prof.
ect revenues and payments to counties
account for over IA per cent of the
national totals, Regional Forester
Tebbe said.
The people's voice., 1958-06-13
Tax Cut--For, You NO.;
Insurance Companies Yes
By AL TOFFLER, Special to 7

By Al TOFFLER Special to The PEOPLETS VOICE
WASHINGTON, d. C.-When congressman begin lining up
votes for next falls election they be terribly busy explain
ing why there has been general tax cut though such
would have helped the ant-recesson fight
Both the Administration and Democratic congressional lead
ershp have agreed to rampe for tax reduction
The people's voice., 1958-06-13

According to a South Dakota State
College survey, farm people were
$3.50 of the states population, had
299o of the income, paid 52@o of the
property taxes and 500 of the sales
tax.
The people's voice., 1958-06-13

AS noted in PV of April IL, Sena-
tor Mansfield was one of the 81
voting for this lush "giveaway"-
two-thirds of which, or more than
$50 million dollars went to the ten
largest insurance companies oper-
ating in America-.EDITOR.
The people's voice., 1958-06-13

MADISON, WIS.-(CNS)- -Co-ops
most of them farm organizations
organized 35 new credit unions in
1857, according to Credit Union Ma
tional Association.
The people's voice., 1958-06-13

justification for it. Gore charged
that there were a lot of other Gin
equities" lot more pressing. For
example, he declared, 81 know of
no inequity so great as to allow but
a $500 exemption for a dependent
child"
Since passage of this curious hand
out an interesting form letter has
been circulated by FORBES, the
magazine of business and finance.
A circulation sales pitch, it is en-
titled "What Every Investor Should
Know About Life Insurance Stocks.
1t includes collection of revealing
facts about the insurance industry
and taxes.
"No more than one investor in a
thousand is cognizant," it says, "of
the tax shelter which permits
life insurance stocks to offer growth
and capital gains virtually unmatched
by even the bluest of the blue chip
industrials."
For example, the letter points out
that an investor who in 1947 had in
vested $4,000 in each of the four
top companies dow Chemical. Du
Pone, General Electric and IBM)
would now hold an investment worth |
$4,000.
TEN FOR ONE
"But," says the FORBES letter in
capitals, chad you taken this same
$4,000 and split it up among Aetna
Life. Connecticut General Life. Con-
Assurance and jefferson
Standard, four representative life in
surance stocks your $4,000 |
would now be $4,000!
The letter goes on to describe why
insurance investors have been clean
ing up twice as fast as those in blue
chip industries. The two first reasons
listed are:
while the industrial company
is subject to a corporation tax rate
of 30 per cent to SO per cent on
net income, the life insurance COM
pany, because of the fiduciary ma
ture of the industry, pays 3.75 per
cent on the first 100000 of net
investment income, and only 7.s
per cent thereafter
Moreover, it continued, "The life
insurance company retains a large
,art of it's earnings, compounds them
within the company at a highly ac-
elerated rate, and capitalizes them
~ issuing periodic stock dividends
which are tax free.'
MIRACLE OF INTEREST
Senator Gore, in battling against
he tax giveaway, charged that the
miracle of compound interest has
laced a concentration of wealth and
apital in the hands of a few men.
Are the senators aware" he asked,
that one insurance company in this
ountry has assets greater than any
bank in the country by
bout so per cent, has assets equal
D those of General Motors combined
18th Ford Motor Company, plus the
Tnited States Steel Company. added
lereto?'
The skeptic might suggest that,
ire, Cores generous colleagues did
now. That is why the insurance COM
anies got their tax cut, while the
likelihood of general tax reduction
inns everyday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28

peting again the next spring,
and last year he got up in the
really fast company nationally.
The 4:06 in which he beat
an old nemesis, Jim Beatty, in
a dual meet against North
Carolina was his best outdoor
time last year, and he followed
that with a double in the con-
ference championships.
This winter he's been In all
the big indoor meets, and gen.
orally has been the early pace
setter.
Maryland has several other
favoriteS as II defends its team
championship Saturday. Among
them is Ed Cooke, defending
shot titliSt who has tossed the
ball as much as IS feet this
winter, far above the current
record.
Other Maryland defenders
will be Jim Starboard In both
the high and low hurdles and
Tom TAFT In the high jump.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
By the Associated Press

There's just no pleasing
some guys. Only a few hours
after he became the third
highest on all-time New York
Yankee salary lists with a $72.-
900 contract, Mickey Mantle
wound UP throwing a golf club
into a lake when he blew a q
foot putt.
The round of golf the shot
an 86) capped a busy day yes
terday for Mickey, who now
ranks behind only Joe DiMag-
gio, who pulled down 100000
in 1919, and Babe Ruth, who
collected $4,000 in 1880 and
1881.
The day opened with a brief
O5 minutes) talk with Person.
mel Manager Lee MacPhail.
Then after betting the YAM
KEGS. Mantle hustled into uni
form for the first time this year
and took some swatS in the
batting cage, His first swing
looked bad. but then he sent
three long, long shots to right
and right center.
Nantes quick agreement
with the Yankees, who first had
offered about $4,000 while
Mickey insisted on SIS. 900,
stole the spotlight from Roy
Sievers. who Snatched Manlle'S
American League home run and
runS-batted-in titles last season,
The Yankees also signed
Pitcher Bob Turley for a re-
ported $4,000, and got Pitcher
Tom Sturdivant into the fold
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
TopSquush Players
Here for Tourney

Five Of the first six nation
ally ranked squash players in
the country. including Henri
Salaun. recently crowned ma
tional champion from Boston,
will compete in the three-day
Nee Trophy tournament start
ing today at University Club.
Others are G. D. Matter, jr.;
Calvin MacCracken, winner of
the last two Nee tournaments;
Harry Conlon, and A. Carter
Ferguson, another two time
winner Of the tournament.
Matter and Conlon are former
national champions.
First-round matches will be
played at 8 o'clock tonight with
the second round at 10 am.
tomorrow. The quarter finals
will be at 8 pm. tomorrow.
Semifinals ana championship
rounds are scheduled Sunday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28

cry and run off bogus tickets
on each horse. Returning to
the track, they cashed 81
tickets on the winner.
Madala said the COUNTER
feiters apparently were fright
ened away after a track patron
became suspicious when two
men offered him 10 per cent
if he'd cash 500 worth of
tickets for them.
The next day almost 1000
bogus tickets on each of the
horses in the eighth race were
found about 2 miles from the
track. They had been torn in
half and strewn in a ditch
Another investigation also is
underway at Hialeah. officials
have located what they de-
scribed as a receiving station
for code transmiSsions of re-
SUITS from the track.
Assistant Attorney General
George Owen said Elum Caud-
ell, whom he identified as a
former Miami policeman, was
found in a house about a mile
from the track with a shattered
radio receiver.
Owen said Caudell will be
charged with illegal receiving
and transmission Of race results
for gambling purposes. Under
Florida law, results may not be
transmitted from a track until
80 minutes after a race is over,
unless the event is being broad
cast or televised commercially
Owen said it was necessary
to knock on the door to an
nounce officers were there with
a search warrant, giving time
for the receiver to be destroyed
Owen said "in all probability
a race wire setup recently dis
covered in Providence, r. l.,
was getting information from
the house.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
LOSE OR DRAW
Continued From Page CT

Sullivan.
He wasn't going to attach himself to such Alaruah
Not the master Significantly Aaruah not entered
by Reuben in the Flamingo Like Arcaro he apparently
knows when his colt is overmatched
When he writes his memoirs, it would not be
ping Arcaro mentioned February % of his
most notifying days. Imagine the master flying 5000
miles land back AGAIN. in order to finish 10th in
and 10th In the other
Do not grieve for Arcaro because he has in the bank
and to repeat probable invitation to ride Old Pueblo
Silky Sullivan. In the meantime, the hired Seminoles
although still at with the United States peace
with the Hiaeah people and dutifuly will round up and
chase the Famngoes tomorrow before the seventh
on the gard featuring Tim Tam, Jewels Reward Nadir
and sewn other OUT landing S-year-olds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
City P|ayoffs
SET Next Week

Final plans for the city scho-
lastic basketball playoffs. to be
held next Thursday and Fri
day at Uline Arena, were made
at q dinner meeting last night
Of ofilcials Of the Interhigh and
Catholic Leagues.
Carroll. Catholic League
champion, will meet the winner
Of the d. c. Public High tour
nament at 5 pm. Thursday.
Cardozo. Interhigh League til
tlist. plays the Catholic League
runnerup in the nightcap. The
Public. High tourney winner
and Catholic League runnerup
are still TO be decided.
The losers Of Thursdays
games meet at 7 pm. Friday in
q consolation and Thursdays
winners play at $50 for the
championship.
Student tickets, at so cents.
will be sold at all D. c. public
and Catholic high schools.
Adult tickets. at SIPS. will be
sold only at Uline the night Of
the games.
Trophies will be awarded the
championship team. the run
nerup and consolation winner.
Members Of the championship
team will receive individual
awards.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
Lejeune Five
opsQuontico
For East Title

CAMP LEJEUNE, N. c., Feb.
% (SpeciaD Camp Lejeune's
basketball team put the ball in
deep freeze last night to win a
trip to warm and sunny Ha-
waii. The five-minute freeze
enabled Lejeune to down Guam
tico, 1860, and win the East
Coast Marine crown. The win
ners will represent the East
Coast in the All-Marine play
of at Hawaii starting March IL.
Quantico built up a 1886 lead
in the first half with Mike
eastman setting the pace. Ed
Peterson of Wagner College sent
Lejeune to the front with IL
minutes to play, but Cashman'S
set shot got it back for Guam
tico at 56-55, with 612 minutes
to play. Ed Peterson tipped one
in to regain Lejenue's lead for
~A@I
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
AAU Swimmers
To Try New Rule

The District AAU junior
swimming and diving cham
pionships will be decided to-
morrow night in a meet at
American University pool. Div
ing starts at 6 pm. and SWIM
ming events at 8 O'Clock.
The new breaststroke rules
will be in force for this meet.
This means that swimmers
must keep their head above
water at all times and not swim
much of the distance under
water as in the past.
About $50 entrants are ex-
pected, with Naval Receiving
Station, Congressional Country
Club, Walter Reed and Catholic
U. the big contenders for team
honorS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
ScHOENDIENST SIGNS
Mantle Finds Yonks
Easier Than PUTTING

today for $4,000, repeatedly a
$4,000 raise. They still have to
talk to First Baseman Bill
Skowron.
Several other players came
to terms yesterday. beating the
"holdout" stage that begins Of
f1cially tomorrow-March /.
The world champion Mil
waukee Braves, with plenty Of
signing ahead, finally got to-
gether with Second Baseman
Red Schoendienst last night.
He got a raise to about $40, 900.
Still to be signed by the
Braves are pitchers Lew Bur-
dette. Bob Bull, Gene Conley
and Don Mcmahon; infielders
Johnny Logan, Frank Tore and
Felix Mantilla, and outf1elders
Yves Covington and Bob Halle.
All but Mantilla and Halle are
regulars.
The Chicago White Sox ended
their contract contest by giving
veteran first baSeman Earl
Torgeson what was termed a
slight raise"
Boston signed Catcher Pete
Daley and Pitchers Bob Porter
field and Willard Nixon, but the
Red Sox still are without
Catcher Sammy White, Out
fielder Gene Stephens and In
fielder Billy Klaus.
After three months of joust-
ing, the Cincinnati Redlegs
still haven't signed George
Grove. heir apparent to Ted
KluSzewski'S first base Job.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
BY BOB HANSON
Star Stan Writer

Armstrong High, according
to present plans, will not be
operating after this school
term, but before that happens
it hopes to take a basketball
championship as a fitting end
to its sports participation over
the years.
Armstrong, although barely
noSing out Tech, 44-43, in a
seminal game of the d. C.
Public High tournament yester-
day at Tech. nevertheless is IA
vored to take the title in finals
Monday afternoon.
Its opponent will be either
Phelps or Roosevelt, which
meet at $3.50 pm. today at
Tech in the other semiflnal
game. In regular season play
in the East Division of the In
terhigh League, Armstrong split
with Phelps, winning the first
game, 52-49, but losing in a
return contest, 57-44.
1874 in Regular Season
Armstrong compiled a 1874
record in regular season play as
against 9-8 for Phelps and 9-9
for Roosevelt. And it did il
with none of its starting five
of Gus Monroe, Bob johnson
Earl Reaves, Everett Lucas and
James Greene having been re-
gulars last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
|Landon' sEdge
Carries Over 10
Tournament
BY JIM CAWOOD

Landoh holds the advantage
over the three other teams in
tonight's semifinals of the st.
Stephens basketball tourna-
ment. Landon plays George
town Prep at 1880 and Sidwell
Friends meets Priory at 8.
In opening round play last
might at st. Stephens School,
Alexandria. Landon defeated
Charlotte Hall. $3.50; Prep won
over st. Marys of Annapolis,
59-4l; Friends got by Christ
church of Saluda, Va, 55-44,
and Priory edged st. Stephens,
1886. in overtime.
Landon defeated Prep hand
lily in regular season play, 6l-
"a. The Bears, favored in the
tourney, should have little diff
hculty tonight. The same should
hold true against Friends or
Priory in the finals. In regular
season play, Landon defeated
Priory, 62-47, and Friends,
47-24.
The Bears never trailed yes
terday. George Manger. 6-foot-
6 freshman, did most Of the re-
bounding and scored % points
| for the Bears.
In the Priory-St. Stephens
game. John Sweeney of Priory
hit on a jump shot with seven
seconds left to tie the game,
5l-51, in regulation. Bob Cray
ton scored two field goals for
Priory in the overtime and AL
Branson Clipped in with three
foul shots to clinch it
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
BOWIE

Continued From Page CT
their demanding job of repair
ing the track in time for a safe
afternoon of racing.
Three of the f1ve days which
Bowie will get back (they were
written into the schedule as
Observation-Disclosures days. will
be carried over until 1859 If
they are not rescheduled at
Laurel in october by the COM
mission.
Fabricator, owned and
trained by Arthur H. Bowen,
was the early favorite for to-
morrow'S seven-furlong feature
despite top weight Of lit
pounds.
The distance of the Southern
Maryland should be made to
order for Fabricator, a stretch
runner who won the same race
last year. His principal oppo-
sition appeared to be centered
around Livingston Stables
Ournav. Ill, and Mrs. S. @.
Steckler's Discard. lis, and
George w. Parker's Sand Boy,
116.
Completing the field are Fill
llipo Baldi's Dinner Winner,
100; j. j. Amiel's Mr.. Turf,
116; Mrs. w. B. Dietrich's
Honey's Tiger, ll2; Ruffalo
Brothers Flying Chief, ia;
Flamingo Farms MADDOX, ITO;
North Downs Farm Stables
Pine Theme. Ill. and Granger
Menefee's Solid Gem. Ill.
Horse Sinks In
In a test Of the worst part
Of the track yesterday. Prince
Raider. a thoroughbred who
formerly raced. was sent
through the bad going with an
outrider, Scotty Prain.
Prain, after the test, reported
his horse had sunk in almost TO
the knee, adding further EVIL
dence that the surface still
was unraceable.
Many horsemen and Jockeys
have expressed surprise in the
two cancellations. Trainer
William Zakoor said:
"I've seen tracks so per cent
worse than this one and we
raced"
Jockeys Were Ready
Jim Lynch, Pasty Grant and
Ray Arduini, representing the
jockeys, said they were ready
to ride yesterday. but pointed
out that they would be forced
to be cautious when reaching
the top Of the stretch.
Workouts at Laurel, where
$50 horses are quartered. also
were cancelled due TO the dan
gerous condition of the track
George Martin. Laurel track
superintendent, said he closed
the track yesterday when holes
developed there, too. becausR Of
the thaw.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
Army, Navy to Square Off
In Seven Sports Tomorrow

ANNAPOLIS, Feb. % (Spe-
ciaD Army meets Navy in
swimming here tomorrow and
Navy goes to West Point for
a basketball game In the fea-
lures of the annual winter
sports competition between the
two service academies.
Altogether, they meet in
seven sports. The schedule:
At Annapolis: Rifle. 1880
pm: gymnastics, 2 pm; swim
ming, 3:l5 pm.
At West Point: Pistol. 1870
pm; squash. 2 pm; basket
ball. 2:30 pm; wrestling, AIS
pm.
In addition, there will be
ground breaking ceremonies
mere for the new Navy-Marine
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
ILLEGAL TRANSMITTED FOUND
Bogus Ticket Probe
Under Way at Hio|eoh

MIAMI, Fla, Feb. % (P.-
Counterfeit pari-mutuel tickets
worth $2,371.50 were cashed at
Hialeah Monday, authorities
have announced.
John Madala, Hialeah secur-
ity Chief. said authorities have
some good leads and finger
prints they hope will result in
arrests.
Madala gave these details:
After the ninth race Monday,
bookkeeperS found the track
had cashed more $40 tickets
than it had sold on the winner
of the eighth race, Toby B, the
No. 5 horse. A check turned up
81 counterfeit tickets on No. S.
The horse paid $3.50 for So,
making each $40 ticket worth
$76.50.
The counterfeiters apparently
bought a ticket on each horse
in the eighth race as soon as
the windows opened. Then
they must have hurried to a
nearby room where they had
elaborate duplicating machin-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28

Corps Memorial Stadium. his
will be at lis pm. with Sec
rotary of the Navy Gates turn
ing the first shovel OF cirt.
The basketball game figures
as pretty much Of a tossup. de-
spite the fact Army has beaten
Navy only twice in IL years.
Army has a 1911 record. Navy
l1-9. Nays chances will be
better If Jim Bower. a high
scorer. who has been out for
four games with an ankle
sprain, is able to play.
Army may be a slim favorite
in swimming. Both teams were
beaten by Yale and Harvard,
and, in addition. Navy bowed TO
Cornell. a team Army beat.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
lO-Bout Program
Scheduled TONIGHT
For Boys Clubs

Tumbling and boxing and
drums and bugles will herald
the oath anniversary celebra-
ton of the Metropolitan Police
Boys Club tonight.
A l0-bout program will be
held at Club No. 4. 816 Sixth
street S.W.. starting at 1880
pm, with contestants ranging
from so to 1875 pounds. Tum-
bling will feature the program
at No. 2 Club, Third and X
streets, NV, and bands will
play at both places.
Acrobats from Clubs 4 and S
will be featured in tumbling.
The boxing lineup is as
follows:
NOvice-5O pounds: Tom Tayman.
No. 4. VS. George Kurtz No. 4; So
ponds. Dan Harrison, No. 4. VS. Phil
Brown. No. 4. So pounds: Harvey Cal
80 pounds; Joe sosa. No 4, VS.. james
Lowe, No. 4 20 pounds: George Hurley.
No .l0 75 pounds: Dennis Kiley,
No, 4. VS.. Carlos Gilbert No. 10.
NC op pen Cs,,i pounds; John Dill No 10:
Don Cabrera, No. 4, VS. Blaine Adams,
No. II: 1875 pounds: Joe Walsh. No II.
VS.. Stan Graves, No. 4.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-28
Grim Seeks Two Titles
In Finale as Collection

Burr Grim of Maryland
closes a brilliant collegiate
track career tomorrow when he
goes after two titles that so far
have eluded him. the Atlantic
Coast Conference mile and q
mile indoor championships.
While the ACC meet Satur-
day at Chapel Hill, N. c.. will
be the last for Grim in Mary
land silks. it won't be the end
of his competitive career. His
collegiate eligibility ends to-
morrow, and after that he will
run unattached in the invita-
ton meets.
One such will be the New
York K. Of c. meet the follow
ing March 8 in Madison
Square Garden. There Grim
will again take UP his task of
either trying to beat Ron De-
lany or force him into a new
indoor mile record.
Favored to Win Both
II Grim wins both races to-
morrow-and he's favored to do
so-he1l add these titles to the
AAC outdoor titles he holds at
the same distances. Another
collegiate championship he
owns will be lifted from him
tomorrow. however. That's the
IC-4A indoor mile he won last
year in Madison Square Gar
den. That meet this year is
being held the same date as
the ACC.
Grim first drew attention as
q sophomore when he set the
IC-4A outdoor record at 4:09.9I
since broken by Delany-and
ever since he's been rated
among the country's better
milers. He hasn't entered the
4-minute group-his best is
4:06. in fact-and he's been
thwarted in his bids for ma
tional titles. but he still gets
a call whenever track promoters
get together a fancy mile field.
Three Defending Titles
Grim's career almost ended
before 1t got well under way,
however. Right after setting his
IC-4A record in 1855 a back
ailment had to be corrected by
an operation, and it was
thought he was through with
running. He bounced back so
well, however, that he was COM