Historical Newspapers of South Carolina

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PAGE 6—The Mewberry Sun, Newberry, S. C., Thursday, March 9, 1967 Minimum age for drivers is increased A state law raising the min imum driving age to 15 years became effective February 15. The measure was enacted by the General Asembly during 1966.. Under this new law, no one under 15 years of age can op erate a motor vehicle or be issued a beginner’s permit or restricted license. Any person who is at least 15 years old can be issued a beginner’s permit upon satis factorily completing the writ ten and vision test portions of the driver’s examination. This permit is effective for six months and is renewable. Special restricted licenses for persons between the ages of 15 and 16 years are issued af ter satisfactory completion of thf* written examination, vision test, and road tests necessary for a regular license. The minimum age for obtain ing an unrestricted license re mains at 16 years. Legion and Auxiliary to have rally Spring Rally of the Ameri can Legion Auxiliary Depart ment of South Carolina will be in Columbia, March 13 and 14 at the Wade Hampton hotel. Columbia Unit 6 will serve as hostess with Mrs. Paul W. Leo nard, its president, as general chairman. National Rehabilitation Com mittee Chairman, Mrs. Vernon H. Randall. Life member of Resistown Unit 116, Baltimore County, Maryland, will be guest of the Department at the meet ing. Registration will begin at 8:30 A.M. Tuesday, March 14, followed by the only business session of the Auxiliary at 9:30 through 12:15 P.M. in the Moultrie - Congaree Rooms, at THE M ANION FORUM By MARILYN MAN ION GOVERNMENT POLICY AG GRAVATES INFLATION The dollar today is worth fifty cents. The price of every thing is up. Labor demands— and gets— higher wages to keep up with rising prices. La bor’s demands force the pro ducer to raise his prices even more. It is a vicious circle— and we call it “inflation.” But the above sentences do not define inflation—they merely describe its symptoms. Why have these things hap pened—and what is inflation? Taking the last question first, we turn to the dictionary and find that inflation is “an abnormal increase in the vol- the Wade Hampton hotel. At 12:30 P.M. the General Assembly of South Carolina will hold a joint session when the National Commander of the American Legion, John E. Davis, former governor of North Dakota, will address them. Mrs. Randall and State Department President, Mrs. Alice D. Bizzell, will be seated on the platform and will be introduced at that time. This will be attended by delegations from both the Legion and the Auxiliary. Zones 1 through 4 will en tertain Mrs. Randall with a luncheon given at Columbia Hall,, Old Hotel Columbia at 1:30 P.M. at which a Fashion Show will be presented by Camellia Room of Belks. At 3:30 P.M. there will be the dedication of the Depart ment Headquarters Building lo cated at 132 Pickens street next door to Richland Post 6 American Legion home. The social hour and banquet of Zones 1 through 4 will be held jointly with the Legion in the ballroom of the Wade Hampton hotel. PROTECTS YOUR PROFITS Time To Give Us A Call! ‘YOUR PRIVATE BANKERS’’ 1418 Main Street Phone 276-1422 ume of money and credit re sulting in a substantial and con tinuing rise in the general price level.” Which leads us to another query: What made the volume of money increase? To answer that, we must go back to 1932, when FDR took the dollar off the gold stand ard. “Ever since then,” stated a recent guest on the Manion Forum, “we have had nothing but irredeemable paper mon ey.” In other words, when there is nothing actually back ing our currency, there is nothing to prevent the Gov ernment’s printing millions of “dollars.” The recent guest we speak of is Mr. Walter Hamischfeger, Chairman of the Board of the Hamischfeger Corporation. He described to the radio audience what our government is doing to increase the already ram pant inflation of our economy. Mr. Hamischfeger explained how government spending, both foreign and domestic, make it necessary to increase the sup ply of paper “dollars”: “U. S. foreign aid agencies pay out billions of dollars for domestically produced commod ities and raw materials sent as gifts toforeign recipients. Since this takes these gifts out of our economy, without a cor responding reduction in pur chasing power, the procedure is highly inflationary.' As a matter of fact, the very defi nition of inflation is a sharp increase in money supply and credit, relative to available goods. “Our domestic spending orgy —highly inflationary—is also undermining our economy. For farm subsidies we spend around 2 billion dollars annually. So cial Security collections, in part are spent for current govern ment operations; this . imposes a double tax burden on every one. Ever-increasing taxes and wage increases without corres ponding increases in productiv ity result in higher costs. Sub sidized housing, including pub lic housing, rent supplements, urban renewal, veteran housing loans, cost billions and distort the private mortgage structure. “All these domestic and foreign expenditures require a vast increase in the supply of paper dollars. But as the sup ply of goods lags, inflation be comes inevitable.” Mr. Harnischfeger’s facts cannot be disputed. Everyone admits that we are in a period of inflation. But not everyone is WORRIED about it. If you are one of the r.on-worriers, watch this column next week. Miller attending electrician school PORT HUENEME, Califor nia: Constructionman Lanny L. Miller, son of Mr. and Mrs. Willie C. Miller of 98 Glenn street, Newberry is attending the Construction Electrician School here. He will receive in struction in basic electrical theory, motor and generators, pole line construction, and in terior wiring. County Permits Willie Frank Kennedy, Rt. 3. five room brick veneer dwel ling, 8 miles from city $8000. James W. Kennedy, Rt. 3, five-room brick veneer dwel ling 8 miles from city, $8,000. Maggie G. Cannon, 921 Booker street, six room brick veneer dwelling $15,000. £0Lt)En. ^\\\ \ \y/' $095 CftOUHX* PrmrWliT Singf* $11.95 LUXURIOUS Dtsiff ^ Doublt RUPTURE COMFORT New cool, washable 3-ply miracle mate rials! Unexcelled relief and comfort Flat foam rubber groin pad. Padded leg strap. No fitting. For reducible inguinal bemia. NEWBERRY DRUG CO. 944 Main St., Newberry, S. C. Income Tax Information Q.—Is the $3 a month pay for supplementary medicare in surance deductible? A.—Yes, this is considered an allowable medical expense along with other premiums paid for hospital and medical in surance. q.—i took a net loss of more than $1000 on some stock I sold last year. Since I can only de duct $1000 of the loss on my 1966 return do I lose the rest of it? A.—No, the excess over the $1000 may be carried over to future tax years. Q,—i just started work last year and am still waiting for a Social Security number. What should I do about my return? A.—Tf you have not received your number by the filing deadline, send in your return without it. Indicate that you have applied for the number in the box where it should be en tered. Q.—I support my mother’s brother but my friends tell me I can’t claim him as a de pendent since he does not live with us. Is that right? A.—A person does not have to be a member of your house hold to be claimed as a de pendent if he is closely related to you. The law considers an uncle to be a close relation. Therefore, he is not required to be a member of your house hold. Remember the other require ments for a dependency claim must be met, too. These are the support test, gross income test, citizenship or residence test, and the joint return test. They are all explained in the 1040 instruction booklet. Q.—My wife is filing her own return. Can I still claim her as a dependent? A.—No. When she files her own return she takes her own exemption. You may not take an exemption for her unless you file jointly. Remember that when separ ate returns are filed, each must handle his deductions the same way. If one itemizes so must the other. If standard de ductions are used, both must use the same type, either the 10 per cent of the minimum. The use of the 10 percent standard deduction by one snouse obligates the other to do so. Also, be sure to use the tax table or rate schedule for married couples filing sep arately. An error frequently made on separate returns is to compute the tax using the rates for married couples filing jointly. Q.—I received a sizeable amount of severance pay last year. Is that taxable? A.—Yes it is. However, if this pav abnormally boosted your income for the year, then you may be able to reduce your taxes by taking advantage of income averaging. Drop a post card to vour local IRS office and ask for Schedule C of form 1040 to get full details. Q.—Where should I send my return ? A.—Page 10 of the 1040 in struction booklet and page 8 of the 1040A instructions show where you should send your return. Q.—Is a prize considered in come? A.—Yes it is. If the prize is not cash but is merchandise instead, use the fair market value at the time received as the amount to report on your return. Q.—I moved last year be cause I changed jobs. Can I take any deduction for my moving txpenses? A.—You may be able to de duct some of these expenses if certain conditions are met. The rules for claiming these expen ses are covered in the 1040 in structions. A copy of Form 3903, which may be obtained by dropping a post card to your local IRS office, has further information on this de duction. It must be filed with your 1040 if you are qualified to claim this deduction. Magistrate Shealy collects $4679 fines Magistrate B. Eugene Shealy reports that there were 269 violations before his court dur ing the month of February with the amount of $4679 col lected in fines. Farm Fire Losses NEW YORK—Fire destroyed an average of more than a half million dollars of farm property a day in 1965. The Insurance Information Institute said farm fire losses last year totaled some SI87 million. NOTICE OF FINAL SETTLEMENT We will make a final settle ment of the estate of Walter Gustave Houseal, Jr. in the Probate Court for Newberry County, S. C., on Friday, the 3rd of March, 1967, at 10 o’clock in the forenoon and will immediately thereafter ask for our discharge as Executor and Executrix of said estate. Robert W. Houseal, Frances H. Rutherford, Sarah H. Goggans, Executor and Executrices. Feb. 8, 1967 F9-4tp INCOME TAX RETURNS Prepared Federal & State $3 up J . D . HALL 2162 McCRAVY ST. (Across from Jim Dandy Film Service) TAX RETURNS PREPARED T. L. BROOKS Public Accountant Wise St. Extn. — Opp. REA Hours: 1-6 p.m. Tuesday through Friday INDIVIDUAL & BUSINESS RETURNS Phone 276-5520 T & C DRY CLEANERS MASTER DRY CLEANING Bulk Dry Cleaning by the pound DRAPES Dress Shirts laundered and placed on Hangers FREE — EASY PARKING Pick-up and delivery—Call 276-4096 1508 Nance Street Newberry