The Carrollton Chronicle (Carrollton, Tex.), Vol. 51, No. 12, Ed. 1 Friday, February 4, 1955 Page: 3 of 4
This newspaper is part of the collection entitled: Texas Digital Newspaper Program and was provided to The Portal to Texas History by the Carrollton Public Library.
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CARROLLTON, TEXAS, FRIDAY, FEBRUARY 4, 1955
THE CARROLLTON CHRONICLE
SOMEONE
NOBODY ever wants to be financially liable for
a smashup! But when two cars collide, someone
must pay for the damage done. Let this agency
protect you.
M. L Coker Insurance Agcy.
Carrollton, Texas—Dial 3383
1W
* To The Boy Scouts
on their 45th Anniversary Feb.6-13th
Since 1910 over 21,000,000 youngsters have been members
with some 3,400,000 boys and leaders now active in 89,000
Units. This splendid organization deserves our support for their
contribution toward a better America. Let's give it.
Carrollton
State Bank
Working to make a good Community—better
Business Directory
SEPTIC TANKS
INSTALLED
Also Trench Work, and
Sewer Line Digging.
We use a digging machine
in our work.
E. L. POWELL
Phone CH-7-8315
2219 Keenan Bridge Road
Farmers Branch
SEE US FOR ANY
KIND OF
INSURANCE
OLD LINE STOCK
COMPANIES.
MITCHELL
INSURANCE AGENCY
1207 MARYLAND ST.
CARROLLTON, TEXAS
PHONE 4794
NEED A PLUMBER?
Contact
WHITE
PLUMBING CO.
FOR PROMPT PLUMBING
AND REPAIR WORK.
„ 11461 HINES BLVD.
Phone Dallas: DI-0598
PARRISH INSURANCE
& REAL ESTATE
AGENCY
PHONES: 4384 or 3534
1001 W. COLLEGE AVE.
CARROLLTON, TEXAS
JAKE GRAVLEY, Solicitor
PH. 5601
ALL TATE MILL AND
CABINET WORK
We Specialize in Mantels
and Louver Doors.
N & M CABINET SHOP
Buddy Manning, Harland Nix,
Owners
North of Roy Gravley’s on
Elm Street
New Phone: 6141, Carrollton
Highway Memorials — Minia-
ture Yard — 1312 So. Broadway,
Carrollton, Texas
BECK JAMES
1312 S. Broadway Carrollton
PH. 3835 or 3685
ROY POSEY
Is the Representative of the
Texas Power & Light Co.
In Farmers Branch, Hebron,
Carrollton, Addison.
For Information about your
electric service, call Mr. Posey
at Office Tel, 3599 or Res. 3582
WHY NOT HAVE
YOUR OLD MATTRESS
MADE INTO A GOOD
INNER-SPRING
FOR AS LOW AS
$16.50
or your cotton mattress reno-
vated at reasonable prices.
GRAPEVINE
MATTRESS FACTORY
Jess Mitchell
New Mattresses For Sale
Free Pickup and Delivery
Telephone 187, Grapevine, Texas
or Drop a Card
Patronize our Advertisers
FLOOR FINISHING—
J. O. COKER
Floor Sanding - Flnishlng-Wax-
Ing — Old floors made like new.
—FREE ESTIMATES—
9747 Roselawn (At Letot)
Phone DIxon-0583
BECK JAMES
Solicitor with the
M. L. COKER
INSURANCE AGENCY
Phones: 3835 - 3383
INSURANCE
Of All Kinds, See
Mrs. Stella McMurray
DR. J. A. ZIEGLER
CHIROPRACTOR
1308 Broadway Phone 6055
Carrollton, Texas
UPHOLSTERING AND
REFINISHING WORK
—Free Estimates Given—
JERRELL “BO” JAMES
Phone 4233
ADDING MACHINE
PAPER
(In 214-inch rolls)
25c ROLL
THE CHRONICLE
IT’S THE LAW
★ eU^Je^U- ★
f> A pvblla tervltd feature
•I the State lor el Tevoe
(This column, based on Tex-
as law, Is written to Inform—
not to advise. No person
should ever apply or Interpret
any law without the aid of an
attorney who knows the facts,
because the facts may change
the application of the law.)
...
INCOME TAX BREAK
FOR INVESTORS
Taxpayers who receive In-
come from stock dividends will
benefit from changes made by
tjie 1954 revenue act. This act
provides for the partial exclu-
sion of dividends from gross In-
come. The first $50 of dividends
received by the taxpayer will be
excluded from his gross Income.
If the spouse of the taxpayer
also receives dividends, the
first $50 of those dividends will
likewise be excluded. Thus it Is
possible to exclude a total of
$100 dividends from gross In-
come.
If the stock Is held as com-
munity property It is consid-
ered that one-half of the divi-
dend goes to the husband and
one-half to the wife. Amounts
received from co-operatives, life
Want Ads
WE REPAIR ALL MAKES home
Appliances. Rhoton’s Depart-
ment Store, Carrollton Phone
4314; Lewisville, Phone 4231.
FOR SALE —Used electric re-
frigerators, ranges and wash-
ing machines. Rhoton’s Dept.
Store, Carrollton. Dial 4314.
JAMES TRAILER COURT with
all conveniences. Located at
north edge of Carrollton on
Hlway 77. Both sides of road.
Phone 4581. - 48-tfc
AMERICAN LEGION POST
NO. 597 — CARROLLTON
Regular meeting on 4th
Thursday of each month.
J. W. STOUT, Post Comdr.
RAYBURN GRAHAM, Post Ad],
Shallow or Deep Water
Wells
Drilled and Cased
PHONE 3643
JAMES NOEL '
CARROLLTON, TEXAS
CARROLLTON LIONS CLUB
Meets every 1st and 3rd
Thursday nights at 7:00 pm. in
the new grade school cafeteria.
Members are urged to attend
and visitors are welcome.
LEON SHAW, President
MARVIN LOVING, Secretary
PIANOS
Wholesale & Retail
G. H. JACKSON
3921 Oak Lawn Ave.
LAkeside 3405
CALL
Johnnie’s Radio &
T-Y Service
FOR QUALITY SERVICE
Minimum Service Call—$3.00
Antennas Installed, $30.00 & up
We Service All Makes Radios &
T-V's and Record Players.
West of Hines Blvd.
Reeder Rd. at Forest Lane
Ph. CH-7-2317, Dallas, Texas
FOR RENT
G&H TRAILERS
PHONE 5500
1006 SOUTH BROADWAY
REAL ESTATE BOUGHT
& SOLD
If you have property to sell
anywhere north of Dallas or
have a real bargain I will buy It
or sell It for you.
O. H. JACKSON
3921 Oak Lawn Ave.
Telephone LAkeside 3405
FOR THE BEST
T-V SERVICE
CALL 5445
CAN SERVICE ALL MAKES
AND MODELS.
Trained Television and Radio
Repairmen.
GOOD ELECTRIC CO.
CARROLLTON
retirement income. This com-
putation is too complicated to
set forth here, but the effect Is
to provide a possible saving of
$240 a year to certain persons
having retirement income.
In certain eases, proceeds
from Insurance policies consti-
tuted taxable income where
there had been a transfer of
ownership. The new law elim-
inates this under a few selected
Instances of transfer of owner-
payer determines from a table
the number of years of his life
expectancy. This he divides into
the cost of the annuity, and
each year thereafter, he ex-
cludes from gross income that
portion of the annuity payment
which represents cost.
If the annuity is to be paid
for a certain number of years
instead of for life, that number
of years Is used instead of life
expectancy to determine the
portion which shall be excluded.
In the past, a person who
had the foresight to build up a
retirement Income from private
sources was penalized In that
he had Income on which he
must pay a tax, whereas the
person who received only Social
Security benefits did not have
taxable income. The 1954 reve-
nue act attempted to remove
this inequity, and it has pro-
vided a credit against the in-
come tax of persons receiving
ship.
Heretofore, the Interest ele-
ment of an installment pay-
ment of insurance proceeds
went untaxed. Now, interest In
installment payment will be
taxable, but if the proceeds are
payable to the taxpayer’s
spouse, the first $1,000 of such
Interest to her Is excluded an-
nually.
People, Spots In The News
SYMBOLIC wing-shaped form marks ultra-
modern main building of new airport at Aca-
pulco, Mexico, designed to rival
terminal at Mexico, D. F.
Patronize our Advertiser*
<s\\onoxial
xown
and a/l[auioLeum
Beauty — Convenience — Service Unsurpassed
Tile Best For Loss — Perpetual Care
Lemmon Ave.—Just Beyond Letot—Tel. DI-1165
Harvey Shackelford, Representative—Tel. MI-7-2531
(IT Photo)'
TOUCH-UP—Gloria DeHaven
| gets polished tor perfection
1 just before stepping before
S' camera for new musical movie.
i VISIT
^ W.T.GrantCo.s
—. Large New Modern Store
NORTHWEST HIGHWAY & LEMMON IN
Walnut Hill Village
Store Hours 9:30 til 6:00; Mon. & Thurs. 9:30
til 9.00; Saturday 9:30 til 6:30
MONDAY EVE. 6 - 9
Admiral.
TUnSYL TROLLEY—Plastic railcar only two feet wide is being
tested to relieve foot-power for policemen patroling 2,200-foot
section of catwalk of eastbound tube of Holland tunnel in N. Y.
cannot be computed on divi-
dends received before August 1,
1954, nor on dividends excluded
from gross •income. The credit
cannot exceed 2% of the 1954
taxable income.
Under the former law, 3% of
the proceeds from annuities was
included in gross income, and
the remainder was excluded un-
til such time as the nontaxable
portion equalled the cost of the
annuity.
Under the new law, at the
time the first payment under
the annuity is received, the tax-
insurance companies, mutual
savings banks, and building and
loan associations are often
called dividends. However, for
the purpose of this exclusion,
they are not considered to be
dividends and may not be ex-
cluded.
Another provision concern-
ing dividends is a credit against
tax. The income tax liability is
computed in the normal man-
ner. However, from it may be
subtracted a credit equal to
4% of the dividends received
after July 31, 1954. This credit
Engineered to Outperform All Others
With
all these
deluxe
features
^kUNTINE S P f f IAI S \
Giant 21” Plctun Tuba
20% larger than
many other 21"—
270 sq. in. screen.
MORE
Storage Space
LESS
Floor Space
"Magic Mirror” of
aluminum inside
Giant 21" beams
picture outward,
makes it twice as
bright.
CEDAR CHESTS
'Xi* Th( TUCSON
FORMERLY $289.95 — NOW^-*
Super Powered For
Long Range Reception
The TUCSON equipped with Admiral’s Sensational
Advance Cascode Heavy Duty 8” Speaker and All
DeLuxe Admiral Features. Blonde Oak Finish
Extra.
’’Optic Flltor” Scroon
filters out hazy
glare, provides
wonderfully restful
viewing.
Blond Oak Chest...
*w*£*59w
Stunning Modern design In blond
ook with full width bate drawer.
ALSO OTHER SETS FROM $139.95
p , Admiral
3-SPEED RADIO-PHONO
RED CEDAR
INTERIORS
REMEMBER !
Delivers
Your Choice!
DOWN
saver opening from front. Has
two sliding shelves.
AND AS LOW AS
e All-new, fully automatic
changer plays all size records
• New rich-tone speaker system
• Powerful Admiral AM Radio
e Mahogany or Ebony *
Dickinson Furniture Co
WEEKLY
“IT’S EASY TO PAY THE DICKINSON WAY”
PHONE 4233 — CARROLLTON, TEXAS
W. T. GRANT CO.
175 Walnut Hill Village
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Sindik, Nicholas J. The Carrollton Chronicle (Carrollton, Tex.), Vol. 51, No. 12, Ed. 1 Friday, February 4, 1955, newspaper, February 4, 1955; Carrollton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth728230/m1/3/?q=%22%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Carrollton Public Library.