The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Members of the I nited States Senate threaten to debate be­ tween now and Christmas eve the comprehensive Tax Reform Bill which was passed almost four months ago by the House of Representatives. The final Senate version is bound to be cttffejrertt from the House- Watch for our Weekend Specials McCLORY REPORTS From W ash ing ton passed bill so that any chance for revision and simplication of our complex tax laws -- this year -- seems quite re­ mote. Among the major changes proposed by the Senate Finance committee are provisions which caused great alarm among var­ ious groups of taxpayers when Open 6 Days a Week 11:00 a.m. until closing Broiled u Steaks 385-9700 Tacos Welcome Families YOUR HOST: Wally & Dora Visit our Newly Remodeled Dining R< 1406 N. the House approved its version of tax reform by anovervshelm- ing 394 to 30 vote. * The existing oil depletion al­ lowance of 27'^ percent which has enabled some oil companies to avoid payment of federal in­ come taxes would be cut to 20 percent by the House action and fixed at 23 pprcent by the Sen­ ate Finance Committee. While the House of Repre­ sentatives had revised substan­ tially the special tax treatment of capital gains ( whereby cap­ ital investments held for six ^ months were subject to a max­ imum 25 percent rate) the Sen­ ate appears determined to re­ tain the existing provisions. The Hoi^se of Representatives voted to substantially remove the tax exempt status of state and municipal bonds. Again, the Senate Committee in its Re­ port would annul this House ac­ tion. Other controversial provis­ ions, including the requirement to pay tax on the appreciated > value of gifts, have been knock­ ed out of the bill as report­ ed to the Senate. Likewise, the effort of the House to impose taxes at ordinary income rates on deferred payments to com­ pany executives has met oppo­ sition in the Senate. Numerous other provisions including: a) taxes on founda­ tions, b) taxation of income from unrelated business activ­ ities carried on by church and other charitable organizations and c) the extension of head of household status to single persons over 35, are modified in the Senate bill. In addition to the differences in these broad areas of tax reform, the most heated de­ bates will undoubtedly center upon an amendment by Senator Albert Gore of Tennessee to increase the deduction for de­ pendents from $600 to $1,000 per year. According to the Treasury Department, this would result in a total loss of tax revenue to the Treasury of more than $12 billion per year. In the course of the heated debates on the tax bill, the or­ iginal objectives of this mea­ sure seem sometimes to have been lost sight of. President Nixon indicated that he sought to eliminate inequities in the existing tax laws and to use tax reform to help fight infla- LEGAL •MON.-FRI. 9-91 • SATURDAY 9-81 1 SUNDAY McHenry Market flace Luxury Gifts At Everyday Prices GIFT FAIR! % \i i GIVE A GIFT CERTIFICATE! I We Go to A l l Lengths to P lease! These quilted nylons with Kodel^ fiberfill are only a sampling of our better than-ever collec tion of dusters, robes and lounge sets. The luxury of her dreams is well within reach! Come, choose! A. Oriental Touch In a Short A-Line^ltabe Ming-embroidered panel down button E*99 Lime, pink. 10 to 18 B. Satin Appliqued Full-length Lounge Coat Raglan sleeved, buttoned front. A99 Pink, blue or candlegolw 10 to 18 C. Gold Brocade Edges Full Mandarin Robe Belted and glistening ir>. plush rose, 1199 cornflower blue, marigold 38 to 44. D. Jewel-Buttoned Luxury Sweep of Velvet Contrast lining for rich green, royal #)<«99 blue, red or luxury black 10 to 18 JL I, CHARGE WITH SPURGEON S OWN OR ANY MIDWEST BANK CARD S MIDWEST*! IAWK CAHOS,! WELCOME HERE , vj NOTICE OF 1>1 BUC HEARING TO BF. HELD ON PROPOSED HIGHW \Y PROJECTS NOTICE is hereby given to all interested persons that a Public Hearing will be held in the Supervisors Room lo­ cated in Court House Annex No. 1, 110 Calhoun Street, Wood­ stock, Illinois at 10:00 A.M., CST, on January 15, 1970 at which time they will be given an opportunity to be heard con­ cerning their views on the pro­ posed location and improvement of the following: SECTION 67-Q. Johnsburg- Spring Grove Road (County Highway No. 49) from its in­ tersection with l .S. Highway No. 12 near Spring Grove, Illinois, southerly a distance of approximately 3.5 miles to a point approximately 0.4 miles north of State Highway CHS 22 near Johnsburg, Ill­ inois. SECTION 70-Q. Randall Road (County Highway No. 50) from the south corporate limits of Crystal Lake ( at Dart­ moor Lane) southerly a dis­ tance of approximately 1.5 miles to its intersection with Miller Road near Lake-in- the-Hills, Illinois. SECTION 72-Q. McHenry Av­ enue-Randall Road (County Highway No. 50) from its intersection with Virginia Street (U.S. Highway No. 14) in Crystal Lake, Illinois southerly a distance of ap­ proximately 1.5 miles to the south corporate limits of Crystal Lake ( at Dartmoor Lane). Since no families or bus­ inesses will be displaced as a result of this improvement, in­ formation relative to Reloca­ tion Advisory Assistance Pro­ grams. will not be included in the general discussion. JAMES R. RAKOW tion. However, there are some who are wondering whether the loudest voices being raised on the Floor of the Senate may not be using the subject of tax reform as a vehicle to launch their 1970 campaigns for re­ election. Co. Superintendent of Highways, McHenry Coun­ ty, Illinois. (Pub. Dec. 10, 1969) LEGAL NOTICE IN THE CIRCUIT COl'RT OF THE 19TH JUDICIALCIRCHT, McHENRY COl NTY, ILLINOIS PROBATE DIVISION ESTATE OF Ben J. Schaefer Deceased, FILE NO. 69-P-313 Notice is hereby given pur­ suant to Section 194 of the Pro­ bate Act, of the death of the above named decedent and that letters TESTAMENTARY were issued on December 1, 1969, to Raymond P. Schaefer, 12704 S. I nion, Chicago, Illinois, ^fhose attorney of record is Le- roy J. Welter, McHenry, Illin­ ois. Claims may be filed within 7 months from the date of is­ suance of Letter of Office and that any claim not filed within that period is barred as to the Sec.2 Pg.4 - Plaindealer - Wed. Dec. 10, 1969 estate which is inventoried within that period. Claims against said estate should be filed in the Probate office of the Clerk of said Court, County Court House, Woodstock, Illinois, and copies thereof mailed or delivered to said legal representative and to said attorney. MARGARET CPNEIL Clerk of the Court (Pub. Dec. 10, 17, 23, 1969) COURT BRIEFS BRANCH I Sheldon F. Moder, 8412 Dorr .1 road, Wonder Lake, found guilty a of driving while intoxicated. i Fined $100 and costs. i SHOP IN McHENRY I FOREMOST / ( 1 1 A M E R I C A ' S D I S C O U N T L I Q U O R S U P E R M A R K E T S SALE AT THE McHENRY STORE ONLY 4572 WEST ROUTE 120 McHENRY Wednesday - Thursday - Friday - Saturday MIL THESE VAUUES! BLATZ | Draft Brewed! 4 I 24-12 oz. bottles i KAHLUA | IMPORTED COFFEE | IQUEURj Highland Breeze Imported SCOTCH COLONEL LEE 4 Year Old BOURBON FIFTH RUM Light Or Dark > 8 FIFTH CHERRY KIJAFA IMPORTED A Danish Wine CALIFORNIA \ Champagne large bottle OLD MILWAUKEE DRAFT BEER 12-12 0Z. CANS Coca- Coh 6-16 oz NR Bottles! VODKA OR GIN Napolean BRANDY Imported from France FIFTH / 3 for UO" SOUTHER! COMFORT) | 100 Proof LIQUEUR FIFTH mi FFTH Benedictine Galliano Drambuie 1 B and B KENTUCKY TAVERN I F ? Early Times GLOOG SPICES Car stairs | Philadelphia j Or Three i Feathers i j Blended Whiskey Hamm's 24-12 oz. Bottles plus deposit Dubouchett Brandies and Cordials are No. 1 for their delicious and unsurpassed QUALITY Vi GAL j j f PACKAGE •f=S it QUART R* Cigarettes Regular - King and Filter ! Budweiser i BEER I 12-12 OL cans .# ! ! CARTON 4512 W. ROUTE 120 OPEN: 9 a.m. to 11 p.m. 7 Days A Week PAYLESS - GET MORE I Advertised Beer & Beverages Not Iced. LJ A