Senator exposes threat
TOPEKA, Kan. (UPI)—A state senator charged today that a bank representative threatened a member of the Senate with intimidation if he did not vote against proposals that would increase tax rates on financial institutions.
Sen. Lester Arvin, R-Rose Hill, told members of the senate Assessment and Taxation Committee he learned of the threat from a fellow senator. According to Arvin, the un-named senator was threatened with financial intimidation by a bank representative, whom he also refused to name.
Arvin refused to make any further comment when questioned by newsmen.
The committee was holding a
One measure would raise the privilege tax on banks and savings and loan associations from 5 per cent to 8 per cent. Another proposal would raise the privilege tax on banks and savings and loan associations $ \frac{1}{2} $ per cent, and impose a surtax of $ 2 \frac{3}{4} $ per cent on net income in excess of $ 25,000.
bearing on three bills that would increase the privilege tax and impose a surtax on banks and savings and loan associations.
Charles Goodell, president of the Kansas Savings and Loan Associations League, told the committee the proposed surtax and privilege tax increases would result in "... one more blow to the housing industry," because of increased rates being passed on to lenders.
Goodell urged the senators to consider delaying implementation of the measures, if they are passed, for at least two years, when he said inflation may be reduced.
Henry Bubb, a Topeka banker and member of the state Board of Regents, also urged delaying the effective date of the measures, if passed.
"This year 1970 is going to be a tough year for financial institutions," he said.
Maurice E. Fager, a Topeka banker, told the committee that the proposed privilege tax increase would result in a 50 to 70 per cent tax increase for some banks, depending on the size of assets.
sanction of a recent Senate Republican caucus.
Bubb was critical of the committee for having killed measures Wednesday that would have imposed a severance tax on gas production, which he said had the
Village, disputed Fager's claim,
since state taxes are deductible
from federal taxes, Bennett argued
that the net increases would
be no more than half the percentages Fager quoted.
Sen. Robert Bennett, R-Prairie
One of the measures being considered would apply the increased taxes toward financing of public schools.
Students burn rules
COLUMBIA, Mo. (UPI)—Firemen were called to the scene of a demonstration on the University of Missouri campus Thursday and, amid the laughter and cheers of students, doused a blaze of 20 smoldering university regulation pamphlets.
The scene of the noon-hour demonstration involving about 100 students was in front of the Student Union Building.
A student activist group — the Committee of Concerned Students—staged the demonstration to show a portrayal of the "trial and execution" of students for breaking the school's "intervisitation" rule.
The play condemned the university's Board of Curators for the "intervisitation" regulation
which prevents men students from entering the rooms of coeds.
Following the play, the students burned 20 copies of the M-Book, which contains the rule they oppose.
12 KANSAN Feb. 13
1970
The University of Missouri—Columbia has a student population of 20,000 and many of the students were passing the Student Union Building as the demonstration was in progress.
The CCS also planned another demonstration Thursday night in front of the university's famed "Columns" in hopes of gaining support for another intervisitation.
Harold Condra, university housing director, Wednesday turned over to Dr. Jack Mathews, dean of students, the names of students who participated in intervisitation protests last Friday.
THE FOLLOWERS
★ Christian Folk Singers
8 p.m., Sat., Feb. 14
Forum Room
Kansas Union
No Admission Charge
In Person! In Kansas City!
OLIVER
("Sunday Morning;" "Good Morning, Starshine;" "Jean")
Sunday, February 15; 7:30 p.m. Municipal Auditorium Music Hall Reserved Seats: $3.50; $4.50; $5.50 at all Jenkins Music Stores and the Music Hall Box Office Sunday