Illinois News Index

McHenry Plaindealer (McHenry, IL), 28 Mar 1980, p. 9

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Twice Told Tales FIFTY YEARS AGO (Taken from the files of April 3, 1930) Despite mild weather and sunshine one of the smallest total votes ever recorded in a local election was cast in McHenry's town election. Time was when the annual township election and meeting was an event of a good deal of interest in every community; with several candidates for each of the offices to be filled and a vigorous fight by the can­ didates for election. Town meeting day was one of the bright spots in rural com­ munities coming at the close of Winter and before Spring work had hardly .gotten under way. But today the candidates for town offices are few and far between and most of the residents of the county spend election day using the hard roads or fixing up the tractor for the Spring plowing. Red Circle coffee was selling 2 pounds for 49 cents at the A & P store. FORTY YEARS AGO (Taken from the files of March 28, 1940) Mrs. Lulu Barter of Harvard, superintendent of the McHenry county branch of the old age bureau, an­ nounced that a total of $29,936 has been paid in old age assistance claims during the first three months of 1940 as compared by $25,407 paid for the said period in 1939). Mrs. Barter announced payments of $9,808 for February of this year to 449 recipients. This is an average of better than $21 per claim. The March total Was somewhat smaller than the February total for this year and also smaller than the January total. Records in the county clerk's office disclosed that an order entered recently by Judge Henry L. Cowlin in the county court modified the sentence imposed on Oct. 19, 1939, against Irving S. Roth of Lily Lake, village magistrate, from 30 days in the county jail to 24 hours. Roth was sentenced to serve 30 days in the county jail on a contempt of court charge, the outgrowth of the organization of the Lily Lake territory as a village. TWENTY-FIVE YEARSAGO (Taken from the files of March 31, 1955) More than 100 members of the high school instrumental and vocal groups will travel to Antioch to take part in the annual district contest for organizations. They were to participate along: with 15 other schools in this, the first district of 13 in the state and comprising two and one-half counties. At the annual meeting of McHenry County 4-H Town, George Rasmussen of Woodstock was reelected president of the organization which is owner and leaseholder of the M c H e n r y c o u n t y fairgrounds. Other officers named at the meeting in­ cluded Robert Gardner of Solon Mills, vice-president; Mrs. Clarence Seegers of Marengo, secretary; and H.R. Kiltz of Woodstock, treasurer. Two McHenry men are included on the board of directors elected, Charles Weingart and James Curran. It was announced in the high school that Leonard J. "Mac" McCracken was retiring from coaching duties at the end of the school year. Taking over as football coach will be Jack W. Peannis of DeKalb. TEN YEARS AGO (Taken from the files of April 3, 1970) The Muscular Dystrophy campaign raised $741.75 in McHenry and McCullom Lake. Special praise goes to the McHenry Women of the Moose Chapter 1348, which raised $630.66 in the city. Mrs. Allan McKim, chair­ man of the McCullom Lake campaign i said the $111.09 contributed was $10 more than last year. The 1970 Personal Property schedules have been placed in the mail. Local assessors remind the public whether or not Senate Bill 816 is proven con­ stitutional, . schedules will need to be filed as in former years. Study of statistics from local high schools shows that 1,676 seniors are scheduled to graduate from the nine high schools in McHenry county in June of 1970. About 58 percent of these students will attend college, according to the history of the 1969 graduating class. Of the 971 students going to college, about 61 percent will go to a four-year college, 24 percent will go to McHenry County college and 15 percent will attend other technical programs. Sudden, Unexpected And Unusual Losses JAPAN TRIP The Executive committee of the Governor's Council on Jobs and Economy unanimously adopted a resolution urging Gov. James R. Thompson to go to Japan to seek new business opportunities for Illinois. Specifically, the committee asked the Governor to meet with officials of the Japanese automobile manufacturing industry to encourage them to locate new auto and truck assembly plants in the state. Members said the economic climate in Japan now favors expansion to the United States. If your home, or a major part of it, was blown away or flooded last year, you have less than a month to tell the federal government about it on your 1979 income tax return. , - Last year, the property of residents in 43 states was damaged heavily by tor­ nadoes, hurricanes,' floods, fires and a variety of other disasters. In addition, thousands of people were involved in auto accidents, were victimized by thefts or suffered other unexpected losses. For those losses ijot en­ tirely covered by insurance, a portion of the unreim­ bursed loss may be an allowable deduction on your federal income Jtax return, notes the Insurance In­ formation Institute. The Internal Revnue service presently allows taxpayers to deduct personal casualty or theft losses for both real an-d personal property. Individuals may take advantage of this break only if they itemize their deductions. They can deduct, the amount of the loss that is in excess of $100, less any amount covered by in­ surance. Businesses are not subject to the $100 exclusion. The amount of the casualty or theft loss is the difference between the fair market value of the property immediately before and immediately after the loss. The size of the loss cannot be greater than the original cost of the item, plus the cost of any improvement that iiMBBJl Slightly overwhelmed by the details of planning a wedding7 And a household7 Our Welcome Wagon NEARLYWED PARTY' simplities your decision-making It's planned around young brides-to-be with gilts and advice Irom a tull range of bridal professionals And it's a tun way to plan for the bfg day Call now for reservations Carolyn Farrington 385-7980 m usually at home Carpets & Furnishings 815 -459*3211 C A STORE HOURS: Mori Wed.. Fri. 9 9 325 V i rg in ia S t . (R t . 14 ) $ a t Tu e s . Thurs. 9 5 .30 C rys ta l Lake , I l l i no i s Sun 125 a SPECIAL PURCHASE CARPET SALE UP TO 40% OFF MANY STYLES & COLORS IN STOCK! Z/M/m, MILLIKEN CARPETS LaGrange, Georgia SAVE $1 TO $6 Per Yard A, All Other Carpeting in Our Store is also on Sale at Great Savings! All Area Rugs In Our Store On Sale Example: 6'x9' Oriental Look Area Rug $QQ96 Reg. $130 o L SAVE ON Ceramics Linoleum Wallpaper and many other items might have been made. Sentimental value, the IRS points out, is not a factor in determining the decrease in fair maj^t value. Thus, the loss from destruction or theft of a family portrait, heirloom, or keepsake must be based solely on the loss of its fair market value -- apart from any sentimental or replacement value. For personal property, such as furniture, clothing or jewelry., the loss must be established on an > item-by- item basis. In order to calculate the amount of the loss for each item, you must know the original price paid for the item and its fair market value just prior to the casualty or theft. Example: To compute a loss for income tax purposes, suppose the fair market value of a television-stereo console before damage was $1,250. After the damage, the fair market value was $450. In this example, the casualty loss is $800 ($1,250 minus $450). The next step is to reduce the casualty loss ficgure for any insurance proceeds received and the $100 tax deduction or limitation. If the insurance company covered $300 of the loss, the deduction for income tax purposes would be $400. The casualty loss ($800) minus the insurance claim paid ($300 less the deductibe) ($100) equals the tax deductible amount ($400). The $100 limitation applies to each individual oc­ currence, so it is necessary to determine whether there is a single casualty or a number of casualties in­ volved. Generally, events closely related in origin, such as a storm or a house burglary during which several items were stolen, count as one loss. <• The Institute points out that in order to deduct a casualty or theft loss, you must be able to prove that you actually sustained a loss. You must provide a description of the casualty or theft item, when the loss was discovered, evidence that the loss was the direct result of the casualty or theft and that you were the owner of the property, list the fair market value of the property immediately before and after the loss, and the amount of insurance or other compensation that was received. Items that would be helpful in proving your loss PAGE 9 • PLAINDEALER • FRIDAY, MARCH 28, ltM include police records of any accident or theft, repair bills and statements from wit­ nesses. Photographs of the property before and after it was damaged are also helpful in establishing condition and value. An appraisal of the property before and after the loss is helpful in proving a casualty loss. Establishing the amount of your loss may be difficult but time spent documenting a loss may reduce significatnly the amount of faxes you will have to pay in 1980, according to the IRS. The Institute points out. that if your casualty loss is covered by insurance, you cannot absorb such a loss and forego the insurance payment and then claim a tax deduction for the casualty loss. More detailed information on the proper handling of theft and casualty losses is available from the IRS. These publications are available free of charge from your regional IRS office. Remember, however, that you may deduct personal casualty or theft losses only if you itemize your deduc­ tions on Schedule A of your income tax return. MCC Spring Recess Will Begin March 31 Spring recess for McHenry County college students begins at 8 a.m. Mohday, March 31. Classes will resume at 8 a.m. Monday, April 7. Offices will remain open during Spring recess on regular college hours with the exception of Good Friday, April 4, when the college will be closed. WHAT'S NEW Sav A Tree protects a young tree from lawnmower damage and saves you the task of hand trimming It also keeps small animals from eating young trees. You can use the base portion on shrubs. The assembly is easy to install, it can be re­ used. Sav A Tree. Box 41D. Poplar Bluff. Mo 63901 ONLY *97? RENTAL • NO installation charge • NEW fully automatic softeners • TWO year option to buy with • FULL rental fee deducted • ONE phone call can answer any quest rent 0^ 312-259-3393 soft ions * / Shops pj (RS ARLINGTON SOFT WATER CO. No. I in the Fox Valley Area " ' ' Copyi iyht I 9 7fc} 2020% S. ROUTE 47 WOODSTOCK GRAND OPENING CELEBRATION I SATURDAY & SUNDAY -- 8 a.m. - 5 p.m MARCH 29-30 - BRINKMAN CO. REP. WILL BE HERE TO DEMONSTRATE SPORTSMAN SMOKER GRAND OPENING PRICE *45.95 DAVE BULTHUIS FACTORY REPRESENTATIVE WILL BE HERE SATURDAY FROM 1-5 TO DEMONSTRATE Humminbird Bird Trap GRAND OPENING SALE PRICE '139.99 LURR JENSEN J-PLUG # 4 Humminbird Chart Recorder GRAND OPENING SAIE PRICE *389.99 GRAND OPENING SALE PRICE *2.99 'S;A. BASS PRO SHOPS !)()• " 30% Thinner - 60% lighter and flexes 75% less than comparable Fiberglass Rods. Used for Spinning or Bait Cast GRAND OPENING SALE PRICE REG. $45.99 $39.99 RO-VIEW FISHING GLASSES EXCLUSIVELY AT BASS PRO SHOPS Fetauring New Tri-X Polarized Glass Lenses. Increase Underwater Vision by 200% Nationally Advertised at $12.95 GRAND OPENING SALE PRICE S&UeipeaA* BORON RODS Faster and Stronger than Graphite Reg. $69.99 GRAND OPENING SALE PRICE *10.95 {""HJ^COUPON AND! $20.00 PURCHASE • Mfci RAP ALA LURE | \ Your Choice of Color 0 0 and Size p Oj migran^open/ng days *49.99 --' SAVE S» °° COLEMAN 220J195 Double Mantle Lantern Burns up to 8 hrs. GRAND OPENING SALE PRICE *19.99 • FENWICK GRAPHITE SPINNING ROD • 6' Lite Action Reg. $55.99 GRAND OPENING SALE PRICE *45.99 / / JOHNNY MORRIS 4 -6" ULTRA LITE This is 4'6" of pure ultra light excitement. 4 stainless steel guides for use with 2-8 lb. test line. *14.99 GRAND OPENING SALE PRICE 623 Reg- $179.95 GRAND OPENING SALE PRICE * 149.95 WONDERTROll* 623 Electnc Outboard -p fOdu<«i up to 23 Ibt of thru*' from 12 vol' battery.Feature* nev. 6'» diorr>»t«r 3 blod* Poo. r Prop prop t»-o' n compu'ti d«njn«i ond moi ch«d to motor«B«iti >n c.rcu>t br«ofc«< prot»<t» motor«Thr»« tp**dt i»oo'o<* to'word ond r»v»r»# control* O nnfl t.o prot«<tt motor domoq# 1 NO PURCHASE NECESSARY REGISTER TO WIN! $100. GIFT CERTIFICATE Name Brand ROD & REEL SHIMANO BANTAM-100 4:7-1 gear raUo weighs only 7.7 ounces. j^37 Yds. - 10 lb. test line Factory Rep tor Shimaro will be our store Saturday afternoon GRAND OPENING SALE PRICE *53.99 R»g. $63.99 • SAVE $10.00 IN-STORE SPECIALS ON: •MISTER TWISTER •BAGIEYS*GRASSELS •UNOY RIGS

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