Sioux City Journal from Sioux City, Iowa • 8

A 8 The Sioux City Journal, Friday, March 10, 1967 LBJ Asks Restoration of 7 Per Cent Tax Credit on Equipment Base Thefts SAN FRANCISCO Willi" Mavs stole 27 bases in 31 at-- YAM U. S. Chamber Unit Urges Accelerating Trade with Russia billion a year In tax sav-ings to business. The income tax surcharge would bring in an estimated $5 billion. tempts in the 1959 season.

Favorable Reaction in Congress With fha Family announcement of the tax move Thursday in a message to Congress and a televised news conference. The surprise was tempered by much advance speculation that, because of several indications the economy was, losing some steam, a shift in administration policy might be under way. Most of this speculation, however, had centered on the possibility Johnson might withdraw the income tax proposal. Asked about this by newsmen, Johnson vigorously restated his belief that the surcharge should be enacted and said his administration expects to be able to make a good case for it when the time comes. But some congressional sources said Johnson could hardly do otherwise without shaking confidence in administration contention that the economy will be strong enough by midyear to absorb a deficit-narrowing tax boost.

The investment credit and depreciation have been estimated as worth about $2 NEW YORK The U. S. Council of the International Chamber of Commerce urged Thursday acceleration of U. S. commercial relations with the Soviet Union and other Eastern European nations.

The proposals of the council-made up of 300 major interna tional corporations would go be yond the Johnson administration's East-West trade relations bill, which it supports. The bill, introduced last year, would empower the president to grant most-favored-nation status to Eastern Europe in ex change for concessions such as market access for U. S. prod' uots, protection of industrial property rights, and a general stepup in direct contact between American and Eastern European businessmen. The council said controls over strategic material should not be relaxed at present.

Other na tional economies are "increas ingly enjoying the benefits of expanded trade with the Eastern European countries," the coun cil noted. i r.lw lid PY 1 1 n'lJJvL'i I I 1 fl I TonigM Enioy maaj wlir Siouiland familial hv bean rjin Inq for ovar 20 yaarc. Comfortable surroundings and good food that'i parfaet for tht antiro family. 1 ARCADIA RESTAURANT 14th and Pierce Will Take Part in Vietnam Photo by Porter, staff ohotooraoher Sunday at the Sioux City Auditorium. These are just a few of the many exhibits with new products and services.

The 1967 Siouxland Exposition, Sports and Travel Show offers a variety of new ideas in camping, fishing, sports equipment, and home furnishings currently running through Strategy Talks in Pacific ee inonicjlri! AT SIOUX CITY MUNICIPAL AUDITORIUM WASHINGTON If) President Johnsons's call for restoring some powerful business tax incentives appears to be getting favorable early reaction In Con gress. But some lawmakers were looking today beyond the immediate issue restoration of the 7 per cent investment tax credit and of some advanta geous depreciation rules to question whether Johnson still expects Congress to add a surtax to individual and corporate income taxes by July 1. Chairman Wilbur Mills, of the House Ways and Means Committee announced a hearing next Tuesday and said the tax-writing group hopes to have the investment credit measure cleared for House action during the week. Democratic Leader Carl Albert said the bill would be scheduled for debate before the end of the week if possible. But Rep.

John W. Byrnes, R- while agreeing the incen tive restoration probably will have easy going in the House, said it might spell later trouble for the President's proposed 6 per cent income tax surcharge. "How can we march up the hill with a big tax cut for certain taxpayers, and then a few weeks later march down the hill with a tax boost?" he asked. The President's moves drew Immediate praise from the business community and spurred a flurry of late trading and higher prices on the Pacific Coast Stock Exchange. The New York Stock Ex change already had closed before Johnson made his surprise USED TELEVISION $10 UP WILLIAM'S ft TOEES OPEN EVENINGS SPECIAL PRE n3 SEEKS $25,618 IN CR ACCIDENT Carol A.

Cardwell has filed a $25,618 damage suit in District Court here against Lloyd Edwards and his insurance company for alleged permanent injuries she suffered in a two car accident. The mishap occurred Sept. 29, 1966, at the intersection of Sixth and Court Streets. The petition alleges that the plaintiff was a passenger in a car driven by Mrs. Pearl Hill-richs, wjjich had stopped for cross traffic, and that the Ed wards car rammed into the rear of the Hillrichs car.

All are of Sioux City. Dancing IPC RARN BALLROOM SATURDAY 9 'Til 1 Daryl Johnson and His Band ADMISSION $1.00 Far Ferioa One More Week! West Hiway 20 South Sioux City, Neb. about hunting, fishing and camping. Even live chinchillas are for sale to those interested in be ginning a farm to produce the expensive furs. For the home, Sioux City ap pliance stores have models of everything from refrigerators to stereo sound One par ticular food mixer exhibit dumps together everything in the kitchen, including eggshells, and claims the end product the best strawberry shake in town.

It was reported that to be suc cessful, the recipe must be followed in every detail without 1 Want to learn how to cheat at cards? One exhibitor has just the deck. Or for the ladies, a Sioux City beauty school has the newest, and probably the wildest in wigs. The Four Lads headline the floor show along with Wes Harrison, "Mr. Sound Effects;" Harry (King) Cole, impersona tor; Jimmy Troy, daring trapeze comedian; The Bumpy Family, acrobats who are veterans of 13 Ed Sullivan Show engagements; and the Five Musical Wades, instrumentalists. HELD OUER fie Wild and Wonderful Diana Sisters Hilarious Comedy Tops in Vocal i 1 HIL MW BXBJ.A3C KOVB4 The credit involved in John son's request was enacted early in the administration of the late President John F.

Kennedy as a mainspring of his campaign to get the economy moving faster. It allows a business to recov er, by a straight deduction from taxes, 7 per cent of the cost of newly installed equipment, Linked to this was a set of de preciation rules that encouraged building of profit-making struc tures by allowing quick deprect ation and recovery of capital. When fears of inflation were at their height last year, John son recommended and Con gress enacted in early autumn a suspension of the investment credit and fast depreciation rules until Jan. 1, 1968, but he coupled the move with the un derstandme he might recom mend earlier restoration if con ditions warranted. dy, who has suggested possible other ways to resolve the conflict that last week pro duced record American casual ties.

Johnson's rather offhand an nouncement of his plans to travel several thousand miles to meet with Lodge and Westmore land came after lie was asked about reports Lodge plans -to resign. He said Lodge had talked with him several times about eventually leaving the ambas sadorship. Then he added that he would fully explore the en voy's future "in Vietnam or elsewhere, if he cares to do that." On other topics Johnson said The government is hopeful- that despite Januarys triple tragedy in an Apollo the nation will be able to meet its goal of landing men on the moon by 1970. However, ri cautioned "I don't think there is any guarantee that we will at all." Regarding subsidies by the Central Intelligence Agency for student and other groups, "I regret very much some of the intemperate statements and some of the severe criticisms that have been made about various government agencies in cluding the Central Intelligence Agency." Saying it- would be better for all Americans if there was unity of opinion, he said he expects a report on all CIA later this month and after receiving it, he'll make such decisions as may be Indicated." The President is pleased with the contribution of the Federal Reserve Board to the recent lowering of interest rates. But he ignored a question about whether he plans next month to reappoint William McChesney Martin as chairman.

"I realize that there are differing opinions" on overhaul ing the military draft. On such politically touchy subjects as continuation of deferments for college students, "I will reach a decision when Congress has had a chance to act." He asked the justice department to seek an 80-day court injunction against a 4- month-old strike by the later- national Brotherhood of Elec trical Workers against 13 West Coast shipyards. Secretrry of Defense Robert S. McNamara has said the walkout is ham pering the Vietnam war effort. He believes the Soviet Un ion wants peace end that the United States and Soviets have been able to find areas of mu tual agreement despite the Vietnam war.

He won't be ready for sev-and entitled to public trust. era! months to announce offi cially whether he will be a can didate in 1968 but perhaps tipped Ms hand by saying he did not know it had been a topic for much speculation. He also said he feels ever stronger that Vice President Hubert H. Humphrey is a man to be admired and entitled to public trust. Cars May Combine Gas, Ratlery Power NEW YORK One of the world's leading racing drivers, Jack Brabham of Australia, has suggested equipping the car of the future with two engines gasoline and electric.

The gasoline engine, for rural areas, would give way to electric storage batteries for silence and air-pollution control in the cities. BIGGER AND BETTER THAN EVER! MILES oF EXHIBITS WASHINGTON. (ill-President Johnson says he'll take part in a Vietnam strategy conference later this month, "in the Pacific area somewhere." This surprise disclosure, voiced Thursday at a news conference, left questions unan sweredmainly where and ex-; actly when. Johnson said he would be meeting in the next few weeks with Henry Cabot Lodge, U.S. ambassador in Saigon, and Gen.

William C. Westmoreland, the American commander in Vietnam. But he wouldn't specify the site except as being "in the Pacific area." The 30-mbute session with reporters also brought from Johnson a reaffirmed defense of American policy in Vietnam and an apparent off-the-cuff slap at Sen. Robert F. Kenne- SHSON BARGMH AMAZING 23,000 BTUHR SUPERLINE AIR CONDITIONER Cool i houftult of air In tlHn minuttt Tou ray, Only $243.

1 tS fUWrtt mm air nl. Cnt rtr4 si Brxl Nh Sana liHVtl Hmk 1t i See the New Boats and Marine Equipment Campers and Travel Trailers, Camping Gear, Fishing Tackle, Golf and Archery Everything for Sportsmen! Come for Travel ideas. Vacation and Fun SpotsfromalloverAmericaand Canada! IT Jiaiwjfatajt' wwwtOWiaala" For 1967- Four trie Corner' Much" Remember' March 9 thru 12 'Pas' IT rr THOUSANDS OF DOLLARS IN PRIZES TO BE GIVEN AWAY! Siouxland Exposition Opens Here New ideas in sports and travel equipment, many added sidelights, and a star-studded floor show are all included in the 1967 Siouxland Exposition, Sports and Travel Show. Opening Thursday for four days at the Municipal Auditorium, the exhibit features many resort and vacation booths, the newest in fiberglass boats, sports and camping equipment, and new indoor furnishings. Free vacations to almost anywhere Florida, the Ozarks, Las Vegas, the 5-state Siouxland area all are being given away.

"Just sign here," explain the young ladies at each booth. Campers, the new ones for 1967, compacted for easy parking and travel, unfold and unfold and unfold. Set up, they of fer all modern conveniences, suggesting mobile luxury more than the "roughin' it" of yesteryear. For the fishermen, -resorts, lodges, and equipment dealers all offer proof positive with mounted walleyes and bass hanging on the exhibit walls. I Game commission representa tives from states in the area are there to answer questions Attention Eagles Saturday, 5 p.m.

MEAT LOAF DINNER DANCING 9 p.m. to 1 a.m. -EDDIE GEFFRE (o Children Pleane) Eagles Home 0: Dining Dancing Cocktails fncomparabl Soandi tb GLENN HOUPT COMBO FRIDAY SATURDAY FEATURING JACKIE RENFRO At th PIno For Your Dancing A Listening Ftaur MONDAY thra THURSDAY 2910 Military Road Ph. 252-3629 LUTEFISK or SWISS, STEAK DINNER NORDIC MALE CHORUS SATURDAY, March II 5 to P.M.' SCANDINAVIAN SOCIETY 311 JONES YOUNG AT HEART TEEN DANCE Saturday, Mar. 1 1 THE HURSMEN Itnnilntf 7i30.

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The talented "BUMPY SPECTACULARS." Versatile HARRY "KING" COLE-Emcee. Music by JACK GILLESPIE and his outstand ing Orchestra. Omral Dtcktc mi Air Caaarttaaart "COOt CAM" IMun offer takes ofpfo spacer 6 wr af Waj I Ba) ') 4Jw Ir1rctflii MM REFUND mtfl onm tm TeCHNICOLOR 3 WdDdDILCfl) DEPARTMENT STORES I -vA Kit Four Days I fVVt 3025 Hamilton Blvd. Sunset Plaza Shopping Center AUDITORIUM OPEN FROM 5 p.m. Thursday and Friday -from 1 p.m.

Sat. end Sun. Stega Showa at I 30 p.m.-plut 3:30 Matineea an Saturday and Sunday. ADMISSION: Adults $1 .25 -CKildran vndar 12-S0c COMI EARLY NO RESERVED SEATS! Sponsored by the Sioux City Exchange Club SEE YOUR LOCAL G.E. DEALER WILLIAM'S GOODYEAR 1610 Pierce SERVICE 523 Fourth CENTER 3927 Transit 724 run street Eiiiiiiieiijiii IWM(I(MH HDHRT WUW VJWFRTfZHliiJPAimHlttTrlVrx! A tINIVEflSAL PIPTI IRF.