Decatur Daily Democrat, Volume 57, Number 30, Decatur, Adams County, 5 February 1959 — Page 8

PAGE EIGHT

State Budgets Rise Steadily f

By AYMOND LARH United Press International WASHINGTON <UPH — State budgets are going up like robust mountain climbers and so are state taxes. In more than half of the 45 states whose Legislatures meet this year, new taxes or increases in present levies are possible or probable and in some cases certain. ~ In almost all states where governors have submitted budgets for the coming fiscal year or biennium, their budgets are higher than the last ones and many are at alltime highs. The same upward trend is expected in those still to come. An exception is Kansas. Nelson A. Rockefeller of New York and Edmund G. Brown of California — the new governors of the two biggest states — each has given his Legislature a record budget in excess of two billion dollars for the next fiscal year. Rockefeller's included a fat tax j package to raise $277,000,00 and Brown asked for tax increases totaling $256,000,000. Borrow From Banks In Michigan, Gov. G. Mennen Williams is beset by a financial ■ crisis so severe that state universities were borrowing from banks, which have now shut off farther credit. He has asked for 140 million dollars a year of new revenue. Michigan expects to have a 1 deficit of 110 million dollars by ■ July 1. The Indiana Legislature re- , ceived its first billion dollar budg- ■ et this year for the coming bien- j nium but it can be handled with no new tax increases on top of those enacted two years ago. Virginia moved into the billon dollar budget class last year. In New Jersey, Gov. Robert B. 1 Meyner also presented a record budget but said it could be balanced without a tax increase. Illinois and Pennsylvania legislators will receive budgets in the neighborhood of two billion dollars

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for the next biennium. Both are expected to include proposals to increase the take from state sales taxes. Gov. David L. Lawrence of Pennsylvania thinks his state will need about 40 million dollars in new revenue for the two-year period. Seek New Income Taxes New or increased state income taxes, higher and-or broader sales taxes and increased excises on liquor and tobacco are the most widely proposed measures for raising new revenue. Like the federal government, 10 states already withhold income taxes from paychecks. Rockefeller’s and Williams’ tax programs call for withholding taxes in New York ■ and Michigan. The same proposals are getting attention in Minnesota and Massachusetts, where the Legislatures have rejected them in pas + years, and in North Carolina t../ South Carts lina. Massachusetts in trouble too, with a 35 millior dollar deficit expected this fiscal year. Gov. Foster Furcolo wants a withholding system to collect state income taxes and a new but limited sales tax of 3 per cent. Consider Revised Sales Tax Other states where new or revised sales taxes in some form are getting attention Include Arizona, Illinois, Missouri, Ohio, Pennsylvania, South Carolina, Vermont and Washington. Some Minnesota legislators want to levy a sales tax, but Gov. Orville L. Freeman wants to raise income taxes and excises on liquor and tobacco. Maryland taxpayers got their bad news last year —a double dose of it. The state income tax was increased by 50 per cent, effective in 1958. and the sales tax was jumped from 2 per cent to 3 per cent, effective this Jan. 1. Other states in which changes in income taxes are being considered include Alabama, Colorado, Idaho, South Carolina and Wisconsin. A new income tax may be proposed in Rhode Island, which now has a sales tax. -— Gov. Albert D. Rossellini of Washington, which also depends now on a sales tax, wants a constitutional amendment to authorize an Income tax. For the short run, however, Rossellini is asking for a sales tax and other revenue changes to yield about 135 million dollars over two years. States Consider Taxes States considering higher liquor or tobacco taxes include Colorado, Idaho, Illinois, Maine, Minnesota, Missouri, New York, Ohio, South Carolina and Vermont. Some states are considering gasoline tax- increases but in most cases the situation has not yet jelled. Eight states raised gasoline taxes in the past two years. In Kansas — an exception—Gov. George Docking’s budget for the next fiscal year is about 7 million dollars lower than this year. He is asking for a new truck tax - and for a reduction of the 2*4 per cent sales tax to 2 per cent. The Legislature has not reacted favorable to either proposal. Indianapolis Woman Killed In Accident LEBANON, Ind. (UPI> -* Mrs. Elizabeth Safford, 34. Indianapolis. was killed on icy U. S. 52 south of here Wednesday when her car I crashed into a big truck. The imI pact hurled a wheel from the car through a window of a filling sta- ! tion 75 yards away. i Trade in e good town — Decatur.

Portland Studying Power Utility Sale . J The city officials of Portland are undergoing preliminary steps, similar to those taken by Decatur officials recently, with representatives of Indiana & Michigan Electric Co., discussing the feasibility of selling the city-owned electric system to I. & M. , The Portland city council ap- , proved I & M’s plan tp survey all Portland’s electrical facilities. Mayor Herbert Lyons met Wednesday with I & M representatives, laying the ground work for such a survey. Once the survey is completed, the mayor said he feels that an impartial engineering firm should review the report to determine its reasonableness. He also pointed out that the report should include the benefits, if any, that the citizens would derive from such a sale. I & M was assured full cooperation from city officials in making this survey. The mayor was anx- ; iouS to have the survey completed, for in his words, “If we keep the plant, continued improvement and expansion should be made. If the plant is sold, an operational minimum should be maintained.” The mayor added that the good of Portland is his only position on the matter. “If the city would be better off financially and ser-vice-wise getting out of the,electric business by selling to a private power company, like I & M, I am for it,” he said. He concluded saying that if the reverse were true, then he would abide by that. Arrest Couple For Selling Twin Boys HOUSTON, Tex. (UOD — The 24-year-old couple who sold the mother’s 8-year-old boy twins to a policewoman and juvenile officer for S3OO in marked bills, was held in Harris County jail today. Mr. and Mrs. Clark Stillion gave a bill of sale for the twins to policewoman Mrs. Lanny Dixon and juvenile officer Robert E. Brumley Wednesday. The officers promptly arrested the couple. The twins were the sons of Mrs. Stillion, a blonde who said she was from England. The Stillions also have two daughters, Nancy, 4, and Tina, 3. Mrs. Stillion said she and the father of the twins were divorced in England in 1953. She then married Stillion while he was stationed in England with the Air Force, and came to this country with him. The policewoman said she received a report Wednesday that a couple was “trying to give away some children.” Posing as a childless couple, Mrs. Dixon and Brumley traced the Stillions through a description and the report that the mother was a “foreigner.” The policewoman said the couple told them they “didn't want to go through all the trouble of going to court for the children and asked us how much money we needed to clear out of here and return to my husband’s horqe in Franklin, Mich.” Mrs. Dixon said “we told them ssoo/’ , Mrs. Stillion complained, “You would think I had committed tile worst cime in the world. I was simply trying to find someone who would adopt the children because we couldn’t take care of them.”

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*■ • ICI FROM 1100 A. D. — Physicist Theodore R. Butkovich holds a piece of ice more than 800 years old brought to the U. 8. Army Snow, Ice and Permafrost Research establishment in Wilmette. Hl This piece it AjecUpn pt* thick, 1,300-foot-long "Icicle" drilled from the Arctic icecap. Scientists, with aid of computers, expect to test the centuries-old air imprisoned in the ice to learn What sort of bacteria it carries, and how it compares with present-day machine age air. They also can learn the yearly snowfall.

THE DECATUR DAILY DEMOCRAT, DECATUR, INDIANA

Central Indiana Farm Values Rise CHICAGO (UPI) — Farmland values in central Indiana continued to climb during the final three months of 1958 and country bankers expect them to continue a rise which began last summer, the Federal Reserve Bank df Chicago said today.. Moderate gains were reported in the cash grain area of Central Indiana but Southern Indiana showed a moderate decline, the bank said, with other areas reporting little or no change. Brokerage House Is : Accused Os Fraud . ■ I WASHINGTON (UPD—The Securities & Exchange Commission today accused Reynolds & Co. of New York, a nationwide brokerage house, of fraud in the sale of securities and mismanagement of customers’ accounts. The SEC said Reynolds, “through the lack of supervision and internal control,” permitted its branch offices in Chicago and San Francisco, Berkeley, Oakland, and Carmel, Calif., to engage in unlawful practices. The Spokane, Wash., brokerage firm of Kleek-Tindell Co. Inc. also was charged with “fraud and deceit" in connection with the Reynolds case. ‘ The SEC announcement culminated two years of investigation and interrogation by the agency's Washington and regional staffs. A hearing will begin in San Francisco next Tuesday before an SEC examiner to give Reynolds and Kleek-Tindel* a chance to answer the SEC charges. The examiner eventually will recommend whether the SEC should revoke the broker - dealer registrations of the two firms, and whether they should be suspended from membership in the National Association of Securities Dealers. I and-or from membership in stock exchanges of which they are members. , I ~ Reynolds is a member of the' New York Stock Exchange. The SEC also accused Reynolds' Chicago office of unauthorized trading with customers’ securities accounts funds and of forging customers’ signatures to certain documents. :. “Jordan Rothbart is alleged to have caused the Reynolds partnership to engage in these activities,” the SEC said, “addid Elmer J. Stephany, Robert B. Whittaker and John G. White by-rea-son of their failure to -exercise proper supervision.” Youths Confess To Basketball Thefts A 16-year-old and a 17-year-oM; both students in one of the city high schools, have confessed to the theft of two basketballs which were reported stolen Tuesday night at the Decatur high school parking lot. The teenagers have admitted the theft of the two basketballs which were the property of the Decatur Catholic , Commodore basketball team. The boys stated that they took two of the four balls from the bag which Al Lindahl, coach, had placed next to his auto at the back of the school Tuesday night following the contest between the Commodore team and the Geneva Cardinals. Lindahl had given a value of $57.50 for the two stolen items. The matter was turned over to juvenile authorities.

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THURSDAY, FEBRUARY 5, 1959