New York Amsterdam News — 1963-00-00105

10 • N. Y. AMSTERDAM NEWS, Sat, Feb. 16. 1963 Brotherly Love Is Once A Year? Taxation / t 1 NIWYORK Zj Amsterdam Netos •• C. B. POWELL President & Editor P. M. H. Savory, Secy-Treas. - J. L. Hicks, Executive Editor W. C. *Mt. Oovtrottari K. A. Will. Admtteac Mracuri B. ■. Jachm. Ctrculatloa Dtraetari J. ■. Walter. City Editor i J. W. Wada. CUaatflcd Adrar ri D. Steppard. Broaklya Maaafar. Published weekly by the Powell-Savory Corporation at 2340 Eighth Ave., N. Y. Telephone ACademy 2-7800. Brooklyn office, 1251 Bedford Avenue. Telephone ULster 7-2500. nibacrtpttoa rataa: 1 year 17.W — « moa.. MM No Paul Revere Senator Kenneth Keating, one of New York’s two distinguished Senators in the U.S. Senate, took a walk last week that he should have taken many weeks ago. Senator Keating walked into the offices of John A. McCone, director of the Central Intelligence Agency and told him all he knew about the build up of Russian power in Cuba. We wish Senator Keating had taken this walk several weeks ago and we wish he had taken Senator Strum Thurmond of South Carolina and Senator Stennis of Mississippi with him. These men are not good company for Senator Keating. He is not of their ilk. But they have been standing on the same soap box with him around the nation during the past few weeks sniping at President Kennedy and his handling of the Cuban situation and charging that there is much* more to Cuba’s muscle than meets the eye. This well might be true. But is a soapbox the place to reveal such Information! A man performs a patriotic service when he warns his nation against an impending danger. But that man can also harm his country by belittling the efforts of its President to defend that country. If Messrs. Keating, Thurmond and Stennis, or any other Americans have information vital to our national defense they should turn it over at once to that agency which our government has set up to evaluate such information. If that agency fails to act, then, and only then, should it be taken to the street‘corner forum. Paul Revere warned his nation and his place in our history is reserved because of it. But in this day of the Minuteman missile, the Paul Revere warning system would be of little value. Lets get all the information we can on Cuba from whatever source. But lets get it in the right hands as quickly as possible. No Surveys, Mr. Mayor The Brooklyn Co-ordinating Council’s personal petition to Mayor Wagner to do something about the general unemployment situation in Brooklyn, and the juvenile unemployment particularly in the Bedford Stuyvesant area, is a bold step in the right direction. Last week we stated that some massive action had to be taken. We are pleased to note that the leaders who visited City Hall told the Mayor that the area needs the help NOW. We do not want another survey. We do not want a wait and see civil service attitude. If the State is the only body that can grant the funds necessary, as acting labor chief McFadden •ays, then the city should get the money from the State, • impressing Gov. Rockefeller with the seriousness of the situation. Perhaps the Mayor and McFadden do not really realize that this is a powder-keg that can blow up anytime. And even more, we are wasting good youthful-fibre, everyday, which could be turned into vital citizenry who could be a credit to their country instead of jailbirds. So please Mr. Mayor, no surveys. Just action. Go, Go, Go! Did you know Harlem has an Opera Society? Can you think of any reason why it should not have one? If your answer to the first question was “no” you should not have even tried to answer the second ques­ tion because you started off wrong. Yes, there is an Opera Society in Harlem and no, there is no reason why there should not be one. But if the opera is not supported in Harlem—if the opera is not supported at the Metropolitan, indeed if the opera is not supported wherever there is an opera, it will soon die. Harlem’s Opera Society is very much alive and this is an urgent request to our readers to help keep it that way. On Sunday, February 17, in Town Hall, the Harlem Opera Society will give an Emancipation Proclamation Centennial Concert, tracing the Negro musical contri­ bution to America from spirituals to Grand Opera. This will be this organization’s first performance in a major concert hall. We couldn’t begin to tell you how much sweat, tears and toil, and their hard earned money these people have put into bringing this produc tion to us. This interracial group of young people have given their all to make this one a big success. All they now need is your support. ' You can give that support merely by going down to Town Hall on February 17 and enjoying yourself. Take the wife along. We’ll all be happy xthat you djd. A . Those Deadly Forms Bj R. J. MEADDOUGH Tax forms are the most confusing part of the taxation bureaucracy. Since they are usually the first contact that one has with IRS, the forms con­ fuse, frighten and, in effect, condition us to be afraid of anything that has a taxation label. What follows is a brief glossary of the IRS forms which you may come in contact with: 1. Form 1040 —Whe basic tax return. Use this form to itemize deductions, and for joint or single in­ come over $10,000. 2. Form 1040A - The IBM short-form tax return. Use the short form for standard deductions, and for income under $10,000 with no more than $200 in interest and dividends. Technically, if your annual income is less than $5,000, you can send your tax return and withhold­ ing statement to the District Director, IRS, and let the Service compute the tax. To me, however, this is like depending on divine providence; divine providence and the In­ ternal Revenue Service are not compatible. 3. Form 1040ES — An “insult to injury” form. Not content with its own withholding, IRS uses this form to impose periodic payments prior to the end of the taxable year. Use 1040ES when indi­ vidual income is over $5,000 dr if joint income is over $10,000. Failure to use this form may penal­ ize you 6% of the amount due. Those are. the main tax return forms. Remem­ ber to use these forms to document your tax returns: 1. Form W-2: Withholding statement. 2. Form W-4: Declaration of Exemptions (filed with employer). 3. Form 2770: Statement for the exclusion of sick pay. Get To Know This Here are some collection forms which taxpayers should familiarize themselves with: 1.. Form 668A — Notice of Levy. This form can take your entire pay check, bank account, etc. Levies can also seize valuables and luxuries (yes, Sam, the TV is classified as a luxury) for auction to satisfy taxes, but cannot seize household necessi- • ties nor tools of your trade or profession. Tax­ payer receives one copy. 2. Form 668 — Lien — Ties up your property so that it cannot be sold without satisfying taxes. A lien must be filed with the County Clerk’s Office. Tax­ payer receives one copy. 3. Form 2039 — Summons — Requires your appear­ ance at a particular time and place. You are required to answer a summons only if it is served directly upon you by a representative of the IRS. Do not answer summonses mailed or slipped un­ der the door. 4. TY 54 — Receipt of office payment of taxes. Keep in a safe place. 5. Form 809 — Receipt for taxes paid outside of the office. Only qualified representatives of the IRS can give this receipt. Demand it for all payments of taxes outside of the office. 6. Form L-31 — This is a letter form that taxpayers would do well to heed. Called a “Final Notice Before Seizure,” this notice is usually the last communication that the IRS sends before start­ ing Lien and Levy procedures. Keep in mind that the L-31 is the last warning that you have to do something about your tax debt. Next week: Exclusions vs. Deductions This Week In Wall Street By Philip M. Jenkins, Investment Broker, President of Special Markets Inc., Auto stocks continued to interest buyers, with GM and Chrysler pushing to new highs. January sales for the Big Three set new records, — all time for GM and Ford, and 33% over January ’62 for Chrysler. How­ ever, Ford tended to sell off on news that it was the only auto company whose production for Jan. ’63 was ower than in the same month in ’62. Daily trading volume held near or above 4 million shares. The Government’s special investiga­ tion of the stock market over the past 14 months is beginning to bring into focus what the SEC proposes to ac­ complish. It hopes to establish a higher code of operating ethics for brokers which will give greater protection to investors. Al-. though the recommendations of the enforcement agency are not yet in final form, it expects to be ready to file them and its findings with Congress during March or in early April. JENKINS Customer’s men and registered representatives are expected to be the primary target of the new regulations. Brokers would be expected to put much greater emphasis on the selection, training and super­ vision of their sales staffs, with particular stress on supervision. “Suitable” The SEC is expected to tackle the problem of the kinds of stock that are recommended to investors, and the word “suitable” rises as a bugaboo to brokers. What is a suitable stock for a specific investor? There is some feeling that the SEC may try to put on the books a definition of what constitutes a suitable (or unsuitable) investment In a given situation. It may go so far as to spel| out the investor’s right to sue the broker for the recovery of his money if he feels he has been sold an “unsuitable” security. This matter is obviously controversial because what is considered a sound investment recommenda­ tion for one person is often completely improper for another. Many brokers say that the enforcement of the “unsuitable recommendation” provision of the pro­ posed rules would cause chaos in the securities indus­ try. Gullible In an excellent example of “coincidental” timing, Keith Funston, President of the New York Stock Ex­ change made a speech at Arizona State University on February 6, 1963, in which he placed a large part of the responsibility for stock losses on the investors themselves. “Nothing is more dangerous to our economy,” he said, “than to have investors who are uninformed, or who are too lazy or indifferent to get information. In fact, I would say that an uninformed investor can be as dangerous in the market place as a poorly trained driver on the highway.” “He is a gullible prey for unfounded rumors, or for a shyster promoter, or in plainer words—he is a sucker, — he panics easily in time of crisis, — he blames others for his own stupidity, — in all, he is an unsound economic citizen”. Although the SEC and Mr. Funston are apparently not in full accord on the issue of who is to blame for his stock losses, the investor or his broker, it is en­ couraging to know that the Government and the securities industry is trying to put the house of this economic colossus in order. Pulse Of New York’s Public Tho Amsterdam Newt welcomes letters on either side of any subject. it it preferred that letters not exceed 250 words and then must ba stoned. Names will ba withheld on request. No letters can be returned. AU must be addressed to the editor. Wonted Changes Sir: In James Booker’s column ‘Political Pot” Jan. 5, issue on "Things I’d like to See,” Mr. Booker enumerated the changes he would like to see in Harlem in 1963. We sincerely congratu­ late Mr. Booker. His list contain­ ed many things that are a dis­ grace to the community. But I would add a number of others to Mr. Booker s list, that must be eliminated if we as a race, wish to retain a shred of respect for the community. 1. The prevalence, (only heard to any extent in Negro com­ munities) of absence references to their mothers, and all moth­ ers. by an unprincipled hoodlum element, without regard for who is listening. 2. The banishment from our streets of a far too numerus soap - box haranguers whose slobbering diatribes are a nuis­ ance and sfrve no useful pur­ pose. Nathaniel Sales Stebbins Ave. Bronx.N.Y. Action Now Sir: Another year has passed and we still hear the same old battle cry "Free by 1963.” Each year we get a new slogan but no action. Negroes In Westchester Coun­ ty pay high taxes and get little or ,nothing in return. We buy homes and our children are forced to attend racially segreg ated schools. We spend our money in department stores and yet we find no Negro sales personnel in those stores. We buy milk and bread from local businesses but these same businesses won’t hire Negroes to deliver these products We pay taxes and vote but we have no representation In the county or local government Cases of police brutality have in creased in the county and the victim 1i always a Negro. «< Wt want to buy home or rent apartments in decent neighbor- Tox Series hoods but we are always denied because of our race. Laws against discrimination in thia state have become a big Joke to those who want to deny people on the basis of their race. Sir: This is to coogratulate you and your paper for intro­ ducing this week a series of ar­ ticles on tax problems by Mr. R. J. Meaddough. privileges of a first class citizen in the very same country he rep­ resents because of his race would be a tremendous insult, not only to the foreign country Involved but also to the intel­ ligence of its leaders. A group of citizens of West­ chester County have come to­ gether and have decided it’s time for a change. We want ac­ tion and results now not ten years from now. We know who haven’t done their Jobs but we don't believe that anything will be gained by fighting those groups. Ours is a crash program, the success of which will be measured by how much is dene to eliminate discrimination and second class citizenship in this county. We have been fortunate in obtaining the services of At torney Paul B. Zuber as general counsel of our organization. Richard Garland Chairman Box 10© New Rochelle, N. Y. Aldridge Society Sir: We are grateful that the New York Amsterdam News of Feb. 2, carried a story of the annual meeting of the Ira Ald­ ridge Society, because we know how valuable apace in your pa­ per must be especially during the strike of the metropolitan press. However, the most memorable features of the program, the beautiful music rendered by Margaret Bonds, pianist, Lucia Hawkins, soprano, and Kermit Moore, cellist, were omitted. These artists donated their time and talents In appreciation of the help and inspiration they had re­ ceived from the outstanding members of the Society who have died during the past year or so. Jean Blackwell Hutson P. O. Box 193 Marthatanville Station New York, N. Y. The first article was skillfully written, informative and enlight­ ening. Although the writer of this letter has some knowledge in this field, Mr. Meaddougb’a analy­ sis of possible losses In using the tax schedules was completely novel. Again, congratulations to you. Vernon Gatling Bissett Place South River, New Jersey Appreciation Sir: On behalf of TtMlfth Church of Christ, Scientist I wish to express the thanks and appreciation of the membership for your courtesy and considera tion -la the generous placement and publicity of news affecting ixir organization. Your cooperation and goodwill is reflected in the fine paper for which you write. Mrs. Laura A. Dyer 303 West 154th St. New York 39. N.Y. Negro Ambassadors Sir: This letter is In reference to the proposed meeting between African representatives here in this country and the so-called Negro Leaders." As I understand It the pur­ pose for this meeting is to dis­ cuss the negative attitude of some African nations to the United States sending Negroes as United States Ambassadors to their countries. I would Just like to say I feel for the United States of America, supposingly to be the leading na tion in the world, to assi’gn to any foreign nation with the title of United States Ambassador a man who did not enjoy all the . Julian Norgrone Long Island City, N. Y Poet Pleased Sir: I wish to take this oppor­ tunity to thank the New York Amsterdam News for having printed three of my poems: “Let’s Give Liston a Break,” "Mrs. FDR: Perennial First Lady.” and "The Father of JFK” during the past three months. I have received many letters and phone calls from your in­ telligent, appreciative and dis­ criminating readers from all over the country, including the White House, and the West In­ dies. Several of your readers were gracious enough to call me “another Langston Hughes.* Bless them. ». Frederick V. Seabrook 310 Macon Street Brooklyn 16, N. Y. Kids Unwanted I am Just writing In to inquire about the renting of some apart ments In Brooklyn. My question is why Is it people have apart' ments for rent such as 4>4 rooms, and 6 room apartments and don’t want children? Can you or will you answer to me? Next week In the News, you’ll see $100 per mo. 6 rooms, and don’t want children Please check Into It . . . Please help people like me and others to get better results for we do have to pay. Rent la very high for people not to want kids, that’s a shame. I cotiM have consulted higher authority but Instead I consulted you first, I am going to work now excuse any errors. East New York 6 room apt., owner, MI 7-8519 4t4 room apartment, GL 3-1796, owner. Please check, people need space because of kids they can’t get these places. If I were able I would buy a house. I am not tell­ ing you what to do but these things should be checked through the whole area of Brooklyn. Let’s get together and clean up this mess. Help our people, I am for helping my people. The Amster­ dam News is the only one I conld turn to for some consideration. . . . God will bless you. I am withholding toy name. Thank you From R. R. "Sing Along" Star Sir: In an effort to halt the rising rating of "Sing Along with Match” TV show, channel 2 coun­ tered with the old veteran Arthur Godfrey In a special from 8:30 p.m. to 9:30 p.m., but crafty Ole Mitch out-foxed them by us­ ing his “ace In the hole,” young, lovely and talented Leslie Ug­ gams in three appearances, and she scored each time. It will be intereeting each Friday night to see what chan­ nel 2 throws against channel 4 "Sing Along with Mitch" has the edge with talent and In order to hold the lead, shrewd ole Mitch can call upon his star. Miss Ug gams to do three or more ap­ pearances If necessary, for he knows that she is ready, willing and able to do the Job Jam up and wlU certainly "bring home the bacon” for "Sing Along with Mitch." Three cheers for Miss Leslie Uggams. Wallace S. Hayes 7th Avenue New York 28. N. Y Thank You May I compliment and thank you for the accurate and under standing way in which you hand led the article on the nine-year old boy, who was prevented from Jumping from the roof of our school. Of all the newspapers which covered this story, my staff and I felt that the Amsterdam Newt gave the most completely per ceptlve account of this incident. Your story expresed with feel­ ing the delicate implications of this near-tragedy, for the child and for his family. The reporter who covered this assignment is to be commended for his fine appraoch. Yours truly, Lewis C. Butti, Principal. Cousin Missing Dear Sir: I am writing to ask you If there is any way you could help me find my cousin. Her name is Clare Gilliman. She used to live at 117 W. 60 St. with my sister Rita Pinkeny. My stater is dead but she put her in the hospital on 90th St. My sister dropped dead before she could tell anyone. I have tried to find her ever since with no luck. Lillian Shrulry Apt. 1H Phone MO 9-3735 About Women Sir: May I tell you how very much I enjoy Edith Dixon’s col­ umn In your fine publication. Her articles are Informative, well written and make for excel­ lent reading. It It a pleasure to read about women as Edith Dix­ on sees them. Thai.k you for your foresight In assigning her this task. Jeann Fallows New York, N. Y. Th« Truth Sir: After reading your column In the Amsterdam Newa, I was reminded of an old adage: "Once a man and twice a child.” Do you have to remind the readers of the Amsterdam News “I’m scared"? Do you think be­ ing scared is something to brag about? Come now Jimmie let’s grow up. Charles Prather White Plains. N.Y. (Editor's Note: Hick’s wasn't bragging. He was merely telling the truth.) Untitled Document file:///C|/Documents%20and%20Settings/Administrator/Desktop/hello.html2/18/2007 11:01:03 AMThomas M. Tryniski 309 South 4th Street Fulton New York 13069 www.fultonhistory.com