anaheim-gazette 1949-07-21

ANAHEIM GAZETTE Waters Says Public Schools are Again 'Whipping Boy' of Tax Raising Solons By EARL G. WATERS Western News Service Sacramento (WNS)—Once again the public schools are to be the whipping boy for those seeking to increase the state's revenues. California voters are to be asked in November to bond themselves to the tune of $250 millions for the purpose of building schools. The funds are to be made available to local school districts, many of which are admittedly in dire circumstances, on a "logan" basis. Meantime, the state will advance the interest and principle on the bonds and hope the money will eventually be repaid. All Started in '47 The precedent for the state financing school construction was established in 1947 and 1948 when the legislature voted a total of $55 million to aid impoverished school districts. Everyone concerned knew at the time the funds were voted it would only be a start. Of the thousands of school districts in the state, fewer than 400 were actually aided with the original money. The pattern of increasing state taxes on the plea the money is needed for "support of the schools" began back in 1933 when the state was saddled with the sales tax. Voters were told then that, if the sales tax was adopted, the legislature adopted its usual policy of considering all the budget requests of the various state functions other than schools first. This means that such things as new cars for state employees, travel expenses for state officials within and out of the state, and new office equipment were approved before the schools were considered. Money for the construction of new state buildings and the financing of new state programs was also voted. The huge new expenditures made necessary by the adoption of Proposition No. 4 were also approved. No More Money By the time the legislature got around to considering the needs of the schools, there was no more money. The whole point advanced is simply that had the governor and the legislature followed the procedure set forth in the constitution, the public schools would have had first call on all state In picture Tommy Thomason, Anaheim YMCA director, is congratulating Jimmy Ownbey on his election as camp mayor at the Jr. Hi-Y camp at Osceola in the San Bernardino mountains, held during this past week. One hundred Jr. Hi-Y boys were in attendance at the encampment. Anaheim leaders included Wilbert Bonney, Chad Boleik, Bob Quast and Bill Gathas. Younger Girl Camp Anaheim and Fullerton younger misses left Tuesday for Camp Osceola for a week's mountain vacation. Leaders from this city who Everyone concerned knew at the time the funds were voted it would only be a start. Of the thousands of school districts in the state, fewer than 400 were actually aided with the original money. The pattern of increasing state taxes on the plea the money is needed for "support of the schools" began back in 1933 when the state was saddled with the sales tax. Voters were told then that, if the sales tax was adopted, the problem of state aid for the public school system would be solved for all time. Question of Fair Play Without going into the propriety of the state financing local school construction, a controversy which was liberally debated in the legislature, there is a question of fair play for the voters involved. If the state honestly needs more money, the reasons for the need should be stated forthright. The submission of a bond issue for school construction is simply a dodge. Here's why: The constitution of the state (Article 13, Section 15) reads: "Out of the revenue from state taxes for which provision is made in this article, together with all other state revenues, there shall first be set apart the moneys to be applied by the state to the support of the public school system and the state university." But when Governor Earl Warren submitted his budget to the 1949 legislature, he made no provision for increasing state aid payments, the granting of premiums to particularly distressed school districts, or the financing of school construction. In effect, he told the legislature, that if this was to be done, new taxes would be needed. Measures which proposed more funds for the schools were dumped because the legislature was unwilling to vote new taxes. "Nuisance Taxes" The governor proposed such new taxes as are commonly referred to as "nuisance taxes" including a cigarette tax. Although they recognized the fact that chances for getting additional money were slim if they did not support the governor's tax program, the school people refused to yield. Their point being that if the constitution means what it says, no new taxes were needed for the support of the schools. If new taxes were needed, they were needed for something other than school districts. No More Money By the time the legislature got around to considering the needs of the schools, there was no more money. The whole point advanced is simply that had the governor and the legislature followed the procedure set forth in the constitution, the public schools would have had first call on all state (Continued on page 10) Younger Girls Camp Anaheim and Funerton younger misses left Tuesday for Camp Osceola for a week's mountain vacation. Leaders from this city who THE SOUTHERN COUNTY Anaheim - Artesia - Buena Park - El Male TALKS ABOUT THE SOUTHERN COUNTY The Southern County Bank is an independently owned operated home institution and seeks your business upon dealing—service—conservative management and safety WE PRESENT TO YOU A COMMON SENSE BANK WE OWE TO OUR DEPOSITORS AS OF JUNE 30, 1949 Our customers have left their money in our care—this is our primary consideration and our assets are so arranged that we are able at all times to meet the obligations. In addition to maintaining a liquid asset position, each depositor is insured up to $5,000.00 by the Federal Deposit Insurance Corporation. TO PAY OUR DEPOSITORS, WE OWN THE FOLLOWING: CASH ... $2,778,275 This is the cash reserve. It represents cash in our vaults, with the Federal Reserve Bank and with approved banks in New York—Chicago—San Francisco and Los Angeles. BONDS United States Government Bonds ... $5,205,000 Bonds of State and other Municipalities ... 662,577 Other Bonds ... 19,075 This is known as the secondary reserve, because all of the bonds are quickly salable. The grand total is worth more on the market than their carrying value. The bonds are very liquid, having short maturity dates. NOTE THAT: 40% mature within 12 months 12% mature from 1 to 2 years 10% mature from 2 to 3 years 16% mature from 3 to 5 years 14% mature from 5 to 10 years 8% mature from 10 to 17 years LOANS ... $3,084,889 This figure is less "Reserve for Losses." This reserve is permitted under the Revenue Laws for tax purposes, and is based upon a twenty year experience. The money loaned has been used by our customers for innumerable purposes, including agriculture — business — dairying — live stock — purchasing of goods — paying of bills — purchase of automobiles, etc. etc. The bulk of the loans are secured by collateral of greater value than the amount loaned. The commercial loans are for comparatively short periods. In the above total is $1,411,279.76 of Real Estate Loans secured by 1st Trust Deeds on improved properties, and these loans are repayable on a monthly basis. Our ample cash resources are available to supply legitimate and necessary loan requirements of our customers. FURNITURE AND FIXTURES ... $43,369 This bank owns no bank building: preferring, as a matter of policy, renting. Although they recognized the fact that chances for getting additional money were slim if they did not support the governor's tax program, the school people refused to yield. Their point being that if the constitution means what it says, no new taxes were needed, they were needed for something other than the schools and they could see no reason why the schools should be blamed. Nothing like it...Absolutely Nothing Budweiser ANHEUSER-BUSCH SAINT LOUIS STRAUB DIST. CO. 110 Santa Fe Santa Ana, Calif. Pho. KL 2-3895 This figure is less "Reserve for Losses." This reserve is permitted under the Revenue Laws for tax purposes, and is based upon a twenty year experience. The money loaned has been used by our customers for innumerable purposes, including agriculture — business—dairying—live stock—purchasing of goods—paying bills —purchase of automobiles, etc. etc. The bulk of the loans are secured by collateral of greater value than the amount loaned. The commercial loans are for comparatively short periods. In the above total is $1,411,279.76 of Real Estate Loans secured by 1st Trust Deeds on improved properties, and these loans are repayable on a monthly basis. Our ample cash resources are available to supply legitimate and necessary loan requirements of our customers. FURNITURE AND FIXTURES.....$ 43,360 This bank owns no bank building; preferring, as a matter of policy, to rent. Banking fixtures include safe deposit boxes—vault doors—bookkeeping machines, etc., etc. of a value of not less than $60,000.00. OTHER ASSETS.....$ 18,980 Under this account is included an interest in a building carried on our books at $1.00—the our interest was recently appraised at $11,000.00; real estate sold on contract carried at $620.88; the balance due on the contracts is $5,504.00. Three acres of land carried at $2,623.99, appraised at a greater value. Leasehold improvements at $11,763.00, which are semi-annually depreciated. Our Fidelity Bond Premium is set up as a prepaid asset and is carried on our books at $3,938.00. GRAND TOTAL OF WHAT WE OWN..... Deducting What We Owe.....$11,242,368.28 from What We Own.....$12,812,168.01 THERE REMAINS.....This is our Capital of $200,000.00—our surplus of $150,000.00 and our undivided profits of $219,799.73. This is the stockholders investment that stands as a protection and further security for the funds of our depositors. THE OFFICERS AND DIRECTORS OF THIS BANK NEIGHBORS AND ARE AS FOLLOW: DIRECTORS: James A. Baker, David E. Bradley, J Jones Heddens, K. F. Hellyer, I. D. Jaynes, R. Foster Nagel, Wilson W. Phelps, Louis Struikman and H. W. OFFICERS: R. Foster Lamm, President; James A. B Robert S. Borden, Vice President; William M. Moor Walter K. Thompson, Vice President; Wilson W. Phelp Wittmer, Assistant Secretary; James B. Griffith, Assis Heddens, Assistant Cashier; E. E. Trenam, Assistant C Wells, Assistant Cashier. WE ARE VERY PROUD OF OUR BANK—THE AB OF OUR FINANCIAL CONDITION—THE LIQUIDITY WISH TO SHARE IT WITH YOU. THANK YOU. Member Federal Deposit Insurance Corp Tommy Ownby, His Honor the Mayor PENNEY'S CLEAN At the ANA COME EARLY FOR THESE! SPORT COATS and CASUAL JACKETS Just 20 Sizes 36 to 44...15¹⁰⁰ FOR MEN 93 Men's STRIPED DRESS SHIRTS. Sizes 14½-17. 2.98 value....1¹⁷⁵ 50 Wrinkle Resistant Wool Lined rayon crepe TIES.....1¹⁰⁰ ALL WOOL SUITS 4 TOWN CLADS at only...20¹⁰⁰ MARY WRIGHT. LEAVE NEXT TUESDAY Under leadership of Thomason, who will act as camp director, boys from Anaheim will leave via chartered commercial busses for Osceola next Tuesday. Twelve experienced “Y” leaders will assist Thomason with varied and well integrated camp activities. These leaders, in addition to several “Y” club leaders, include Bill Boney, Steve Fitz, Bob Quast, Walt Taylor and Bill Gathas. SUNN COUNTY BANK Buena Park - El Monte SOUTHERN COUNTY BANK in independently owned and independently operated business upon the basis of fair management and safety to our depositors. COMMON SENSE BANK STATEMENT AS $11,242,368.28 In our vaults, approved banks Los Angeles. SWIM WEAR $2,778,277.95 Swimwear: $5,205,004.00 Salaries: 662,570.66 Other expenses: 19,075.35 Fancy Pattern Cotton SPORT SOX Reduced 600 PAIR SPORT SOX . . . 25c pr. Men's SWIM WEAR. Lastex in plain or print. COTTON SPORT SHIRTS. Blue or brown. Small only. WHITE SHIRTS Broken sizes, some soiled. Fancy Pattern Cotton SPORT SOX 3 pr. for 100 FOR BOYS JACQUARD T-SHIRTS, S-M-L . . . 1.50 JACKETS and SPORT COATS $6.00 - $8.00 ALL BOYS' SWIM WEAR TO CLEAR AT 1.50 Infants' SLEEVELESS VESTS (Size 2 only) 15¢ea. YARDAGE DEPARTMENT: PRINT or PLAIN COTTONS . . . 25c yd. 72" width NYLON NET . . . 50c yd. Lavender and yellow only 39" width Summer Sheers . . . 50c yd. 37-38" width CORDSPUN, yd. YARDAGE DEPARTMENT: PRINT or PLAIN COTTONS...25c yd. 72" width NYLON NET...50c yd. Lavender and yellow only 39" width Summer Sheers...50c yd. 37-38" width CORDSPUN, yd. 77° LOOK! SAVE! SHOES for the FAMILY Dad's Smart CASUALS—Values to 6.90...50¢ FOR WOMEN Boy's Saddle Oxfordes...20¢ Our Whole Stock of White WEDGIES Were up to 5.90...30¢ Save on Brown and White SPECTATORS...40¢ CASUALS—A real buy at...40¢ FOR GIRLS YOUNG MISSES White T-Straps. Sizes 8½ to 3, A to C...30¢ Remember: PENNEY'S IN ANAHEIM! FREE PARKING IN THE REAR EY'S Semi-Annual REARANCE the ANAHEIM STORE FOR WOMEN JEWELRY Assorted. Values to $1.95 75¢ CHECK THESE CASH-AND-CARRY SUPER VALUES!... SUEDEEN and PLASTIC PURSES HERE'S REAL VALUE AT JUST 50c Large sizes, pretty prints HOUSE DRESSES—to clear 1¥00 READY TO WEAR WOMEN'S BETTER DRESSES REDUCED 4.00 - 5.00 - 6.00 HOUSE DRESSES—to clear READY TO WEAR WOMEN'S BETTER DRESSES REDUCED 4.00 - 5.00 - 6.00 SMART SUMMER SUITS REDUCED 10.00 SPECIAL FEATURE! 100% Nylon Girdles . . . . . 2.98 SUMMER BLOUSES REDUCED 2.00 - 3.00 SKIRTS REDUCED 3.00 - 4.00 - 5.00 MILLINERY REDUCED 1.00 - 2.00 - 3.00 WOMEN'S COATS 100% Wool Gabardine REDUCED 25.00 TMENT: NS . . . 25c yd. . . . 50c yd. rs . . . 50c yd. 77° EMBROIDERY WORK - TO CLEAR 500 HAND TOWELS only 25° ca. CALIFORNIA CORK PLACE MATS 15° ca. WHILE THEY LAST! EMBROIDERY WORK - TO CLEAR 500 HAND TOWELS only 25¢ea. CALIFORNIA CORK PLACE MATS 15¢ea. WHILE THEY LAST! REDUCED! 3-WAY FLOOR LAMPS Values to 17.95 in handsome modern styles PICTURES, a few at 1.00 & 2.00 BRASS TABLE LAMPS...2.00 HASSOCKS, plastic covers 5.00 SEWING CABINETS ...3.00 California POTTERY DIShes Service for Four.....2¥ LACE TABLE CLOTHS Beautiful Patterns in sizes to 60"x80" OUT THEY GO!