The Mail-Journal, Volume 11, Number 31, Milford, Kosciusko County, 28 August 1974 — Page 4

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THE MAIL-JOURNAL — Wed.. Aug. 28.1974

■K«|D. I * WjBHBj - aHBB'i ii. M»— * jT V $5 ■- ’ A CABER TOSS — Tony C unningham. 14. a member of the Lafayette. Explorer Post 231. is shown giving his ail in the caber toss contest at city park Saturday afternoon as only one of the many Makihiki contests, 1 i ■nV -\ HL' 1 M Qt F ■ I 1 T>l lb'’ - V® ?3 E. L.» w &MB ■MShV A JOYFVL GROCP — This joyful group, members of the Berwyn. Hl.. IM Flying Cloud unit, was caught by a Mail-Journal photographer walking down W. E. Long drive past city park singing ‘‘Tiny Bubbles.* ’ and adding their share of fun to the annual Makihiki at Syracuse. Makihiki draws 400 orderly young

This year’s Makihiki (Hawaiian for Great Event * drew approximately 400 scouts from five states — Indiana, Michigan. Ohio. Uhnois and Wisconsin to the Syracuse city park Saturday and Sunday. The event was attended by slightly less than a year ago. but ideal weather prevailed for the event sponsored here each year by the Warsaw Lions club A large number of events was participated m by almost all who attended, including land and water sports There was a talent show on Friday night, including an “Old ‘sO’s“ record hop. and about 12 different classifications of events Locals Win The Syracuse Sea Explorers

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Ship 28. wan first place in adult competition, second place m large class sailing, and third place in small class sailing. Rick Powers of Warrenville. 11l . Post 653 was named King of the Jamboree, and Judy Mollers Indianapolis Troop 312 was crowned queen on Saturday night. In boys' competition. WarsawPost 67 won the compass relay and rowboat race, while Berwyn, 11l . Post 40 won the talent show and sidewalk surfing event. Elkhart Post 18 won the aquatic events, the hand paddle canoe race, canoe slalom, free style swim, while Elkhart Post 50 won the marlin spike seamanship and the drilling and maneuvering competition The Belvedere. 111.. Post 461 won the Carboa toss and the breaststroke swim event. Berwyn Post 40 took outstanding unit honors for the boys’ division in overall land events, while Ship 194 of Berwyn took honors for the girls' division Elkhart Post 18 took top honors in aquatic events with Ship 194 taking tops in girls’ aquatic di vision Girls of Berwyn, whose group swept top honors in both divisions of competition, received the Kamehameha trophy for over-all best unit attending the jamboree Other winners in the girls competition were: Post 11, Park Ridge. Hl., hand paddle canoe; Ship 167. Donners Grove. 111., canoe slalom. Ship 317. Sheboygan. Wise . rowboat race; and Post 312. Indianapolis, breaststroke and backstroke swimming competition The girls also took top honors in eight individual contests as they won first place in the talent show, compass relay, sidewalk surfing, mmibike-o-lhon. marlin spike seamanship, drilling and manuevering, free style swimming and relay swimming event. LAKELAND LOCAL Mrs. Louis Sin of Shorewood, Wis.. and children. Teresa. Jennifer. Anthony and Louis, Jr., are now at the home of her parents, the Lyle Seifferts of Lake Wawasee until suitable housing can be arranged here.

Cattle in roadway cause Saturday mishap

David L. Pi ehl. 27 . 407 Harrison. Syracuse, complained of a pain to the leg and hand, however, was not hospitalized after his 1972 Ford struck and killed a cow on CR 33 north of Syracuse early Saturday morning The Syracuse man reported he

Voters may register at license branch

Turkey Creek township residents may register at the Syracuse auto license branch on Main street, according to an announcement from branch manager Jack Vanderford The branch is open from 8:30 to

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“51J? I atißoi 1 SK,N PERNOX SCRUB LECITHIN DIET KIT COV ER GIRL ROLL-ow machine everything m one MEDICATED MAKE-UP AMTVPWPWAMT I Automatic deep to follow the diet Lieaid Mahe-«M* ' DEODORANT cleanser work* Ear Acne featured in VM tic. ™ F W 4 ’“tr o*r ajS 095 pAI O9 W69< ‘RE>I2 w E*9B’ 5 SdM * aß ® ttkut ™* a * KI Heaorlwk>4s FRESH AIR LISTERINE riIUIXUI fl SUPERMAX FREE . MACHINE Antiseptic LADIES' DISPOSABLE Sllfk °« " L c-^wt, ~- JL outhwoth kill* SHAVER B\l\| MAX FOR MEN ■®SB RAZOR matic. Spray* I odor-causing germ*, ceue (T itt SAVE »% |V • w > ’5 |JArf Overt »,« ggsa \'t ® uniH wMM te> _ Hia uw m% V 9 % 99- 178 WZ?" Wl5“ 01» E Miinn BARNES-HIND FREEDOM rec.ua MUDD . disposable Mk “™S"’ I * D *«w (S\ ADORN H FOR ACNE I niADeac "ti I ING I *wai« I \ ■■■■» ,m,v j-^-2C^ D,A ” „ SOLUTION \ 'i HA, LS” AY £1 K rr -rrjt d- 1 -" v->r>\ »* rrS® **“ Js I ? I Daytime 24. V \ contact lente* MJraE?| ROE OP 1» HaM To Hold W -"m “"“• UJnm ™.»- W vw 5, r wi” ® J” i ' OVBNNTI W» OHLY I.W •- 7 > 1

J l<S> !l<®> bw« m i ! Spec/aZ C ?.*““•; Spec/#/ MSV™'™! 'COUPON Nf A "’ I COUPOMI yW“J I ■■■■■■■■ «■ ■■■■■■■■■■ an an m ■■■■■■ ■■■ ■■■■iaMMaiaiaaiaaiaaiaiaa* I "ifi” "bLACk” fTag"i r^W^Zrf^'" a MONSTH! ■CS£> g >M..d« o ..hl!CS*®-!!!“s! I Spec/#/ J! Sfieia/ •« -S Lj iCOUPW _& gs n, » CWPON I'd -~rJ ! HOOK'S HOOK'S ■ *»« ANTI- II Agl ASPIRIN Ok MINERAL BACTERIAL I JOO Fo»t-oct»ng \w\ OIL troches I pain reW tablet* Extra l*avy p I V"*t**l Im totting wre WQ I % XQd Vi QT. throat relief. />/ ■ I 10 troche*. I MrbI.'.IJVKM-TVIAB arbl'IJAdJR-TVraR @QZQXESI9I BAYER ASPIRIN SQUIBB SPEC-T ANTI- —», pnAMINERAL OIL ReSef \ Extra Heavy TROCHES l Soothe tore pam I g9< qt 1™ 10,n,chei 100I 00 — vgy - y _1 Pickwick Reed, Wawetee Village SYRACUSE , ---

braked his southbound auto for cattle in the road ahead of him. however, was unable to stop in time to avoid hitting one of the cows valued at $350 and belonging to Lowell Cable of nral Syracuse. Elkhart county officers set damages at SBSO to the car.

4:300n Monday. Tuesday. 8:30 to 5 Wednesday and Friday, and intil 1 pm on Saturday. All you have, to do to be successful is follow the advice you give to others.

Items stolen from Faulkner residence Among items taken from the residence of Marjorie Faulkner, r 2 Syracuse, over the week end were a Rainbow tent camper valued at SSOO. three .22 caliber rifles, a seven diot revolver. 17 Jim Beam collector s bottles, three spinning rods, three wigs, a propane torch, seven beer steins and a Sabre hunting knife. Elkhart county officers investigated. reporting entry to the home was gained by prying open a window to the basement, resulting in an additional S2O damage. Theatre guild to hold final meeting The Enchanted Hills Theatre Guild will hold its final meeting of the season on Thursday. Aug. 29. at 10 a.m. at the home of Mrs. Dan Wyant Guests are welcome and directions may be obtained bycontacting the hostess.

Tax deferral explained By JAMES M. WOODARD Copley News Service Tax-saving in selling and buying homes is more impor- j tant today than ever before, in the light of accelerating costs triggered by the energy crunch. Many recent inquiries - have related to the current tax picture. Most sellers are concerned about their -capital gams” tax — the tax paid on the profit gained in the sale of real estate. And for the past few decades. a profit has been realized in most home sales. Prices on resale homes have been generally increasing - from 4 to 10 per cent per year. Many home sellers still do not know they may not have to pay such a tax at all. Or at least it can be postponed for a long period. If you sell a home

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now. and pun.has* into another hvme of equal value or more within a year, you pay no tax on that transaction. The tax is deferred to a subsequent sale. An interesting wrinkle in the tax law makes it possible, in some cases, to avoid paying the tax at any time. One problem: you must die to take advantage of this tax break. A seller may sell and buy several homes without paying a tax — his capital gain being deferred each time he steps up to a better or larger home. If he dies while residing in the highest valued home, the basis or ‘ book value*’ of the home will usually be pushed up to the market value of the property at the date of death. That tax can also be reduced by adding allowable “costs" to the original price basis 'amount paid for the homo. These costs include amounts paid for major improvements for your house. Other lesstr-known "selling" costs may usually be

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added to the original cost of the hoirie, saving even more tax at time of sale. These include brokers commission, attorney s and appraiser’s fee. survey expenses, title costs and recording fee. We should point out that conunon repair and maintenance costs are not deductible items, and cannot be added to yuur tax basis. However, even these costs could be considered if incurred for the purpose of making the property more salable. To qualify, the work must be completed within 90 days before the sale and must be paid for by 30 days after the sale. Other tax-saving opportunities are now available to home sellers, including special allowances fb the elderly. Also, new tax breaks are evolving from the energy crisis. One amendment to the Emergency Energy Act would give home owners a deduction of up to SI,OOO for home improvement that would result m energy-saving.

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