:ading
■ough-
luthor
s and
ss
i-7744
*
Education Fees
Tax Deductible
Under one of two conditions,
direct costs of education and
necessary expenses for travel,
meals and lodging while taking
RUDDER
(Continued from Page 1)
on in the afternoon so out-of-town
guests may leave early.
Representatives of 250 colleges
and universities, as well as learn
ed societies and professional as
sociations, will attend the inaug
uration.
The academic processional will
be lead by the presidential party,
including the president and spe
cial guests. Following will be
members of the Board of Directors,
administrative officers of the col
lege, administrative officers of the
college system and former admin
istrative officers in attendance.
Following the former admin
istrators will be the delegates of
colleges and universities, learned
societies and professional associa
tions. Then will come the dele
gates representing the State of
Texas, including Gov. Daniel, rep
resentatives of the Association of
Former Students and representa
tives of the student body and fac
ulty.
Only 14 Presidents
Since Thomas Sanford Gathright
was named president in 1876, the
college has had 24 administrations.
During these 24 administrations,
22 men have served as head of the
college at one time or another
while only 14, including President
Rudder, have been officially des
ignated President.
For one short period, 1883-1890,
the college had no president or
acting president but instead the
chairman of the faculty served as
top administrative official.
educational courses away from
home overnight are deductible on
the 1959 Federal income tax re
turn.
Clarence E. Carlson, administra
tive officer for Internal Revenue
Service in Bryan, revealed the
two conditions:
(1) If the education was under
taken primarily to maintain or
improve the skill of a taxpayer
required in the performance of
his employment duties when the
education expense was incurred;
or,
(2) If the education was under
taken primarily to meet the ex
press requirements of a taxpayer’s
employer, or the requirements of
applicable law or regulations im
posed as a condition for retaining
the taxpayer’s present employ
ment, salary or position.
Expenses for education may not
be deducted if the primary pur
pose for which the education was
undertaken was any of the follow
ing:
(1) To obtain a new position or
a substantial advancement in posi
tion.
(2) To fulfill general educational
aspirations or any other personal
purpose.
(3) To meet the minimum re
quirements for qualification or
establishment of intended trade,
business, or specialty.
Direct costs of education such
as books, tuition, laboratory fees,
etc., are deductible only when de
ductions are itemized on return
Form 1040. One may not deduct
these if he takes the standard de
duction, uses the tax table, or uses
the simple card Form 1040A.
Travel expense and the cost of
meals and lodging while away from
home overnight pursuing qualify
ing educational activities are also
deductible on Form 1040.
Taxpayers with other questions
about this subject may get addi
tional information by phoning or
visiting the Internal Revenue
Service Office.
THE BATTALION
Friday, March 25, I960
College Station, Texas
Page il
Ohlendorf Receives Barger
Award at Annual ‘Roundup’
Ohlendorf, senior rural The Bankers’ School Scholarship
major from Lockhart, 0 f $150 was awa rded to Bob Davis,
junior agricultural economics major
from Houston. The award is pre
sented to the most promising agri
cultural economics student plan
ning to go into banking upon
graduation.
The Rural Sociology Award to
the student with the highest
academic record went to Charles
H. Vincent, senior from Bryan.
There was a tie between Leo C.
George
jj: sociology
won the J. Wheeler Barger Award
at the annual “Spring Roundup
and Awards Night” presented by
the Department of Agricultural
Economics and Rural Sociology.
The Wall Street Journal Award,
presented to the outstanding senior
in agricultural economics, was won
by Ronald E. Buford of Livingston.
The prize included a certificate
and a year’s subscription to the
Wall Street Journal.
Rigsby, junior from Canyon and
Ben Dickerson from Houston for
the Rural Sociology Staff Award
to the outstanding student in the
department.
Morris Asbill, senior from Quit-
man, won the Agricultural Eco
nomics Award for the Highest
Profit in Futures Trading. The
Department Head’s Award was
presented to Bill Truede from
Louise. Both awards were pen
desk sets.
Awards Presented
Tyrus Timm, head of the Department of to picture, and Ben Dickerson from Hous-
Agricuitural Economics and Rural Sociolo- ton at the annual “Spring Roundup and
gy, presents the Rural Sociology Staff Awards Night.” The event was held in the
Award to Leo Rigsby from Canyon, back Memorial Student Center last night.
For Coming Weekend's Services
Area Churches Schedule
Full Slate Of Activities
A&M Methodist Church
Church School will be held at
9:45 a.m., with Morning Worship
at 10:55 a.m. Sermon topic for
the morning service will be “So
You Don’t Feel Like It!” Evening
Worship is at 7 p.m., with Dr.
Edmund Heinsohn of Austin as
guest speaker.
A&M Presbyterian Church
Sunday School is at 9:45 a.m.
“Where Are You?” will be the
sermon topic for Morning Worship
at 11 a.m. Junior Choir Rehearsal
will be held at 4 p.m., to be fol-
RESERVE DISTRICT NO. 11 STATE NO. 537
REPORT OF CONDITION OF
FIRST STATE BANK & TRUST CO.
of Bryan, Texas
at the close of business March 15, 1960, a State banking institution organ
ized and operating under the banking laws of this State and a member of
the Federal Reserve System. Published in accordance with a call made by
the State Banking Authorities and by the Federal Reserve Bank of this
District.
ASSETS
Cash, balances with other banks, including reserve balance, •
and cash items in process of collection $1,799,698.50
United States Government obligations, direct
and guarannteed 2,449,825.00
Obligations of States and political subdivisions 539,206.97
Corporate stocks (including $10,500.00
stock of Federal Reserve bank) 10,500.00
Loans and discounts (including $15,359.30 overdrafts) 3,773,895.79
Bank premises owned $83,629.82, furniture
and fixtures $27,723.64 111,353.46
Real estate owned other than bank premises 2.00
Other assets 25,543.58
TOTAL ASSETS ..$8,710,025.30
LIABILITIES
Demand deposits of individuals, partnerships,
and corporations 5,693,805.63
Time deposits of individuals, partnerships,
and corporations 1,110,585.12
Deposits of United States Government (including
postal savings) 98,243.83
Deposits of States and political subdivisions 945,980.54
Deposits of banks 164,947.14
Other deposits (certified and officers’ checks’, etc.) 85,417.77
TOTAL DEPOSITS $8,098,980.03
Other liabilities — Reserves 62,589.00
TOTAL LIABILITIES ..$8,161,569.03
CAPITAL ACCOUNTS
Capital* 150,000.00
Surplus 200,000.00
Undivided profits 198,456.27
TOTAL CAPITAL ACCOUNTS $ 548,456.27
TOTAL LIABILITIES AND CAPITAL ACCOUNTS $8,710,025.30
This bank’s capital consists of:
Common stock with total par value of $150,000.00
MEMORANDA
Assets pledged or assigned to secure liabilities and
for other purposes $2,250,000.00
(a) Loans as shown above are after deduction
of reserves of 15,957.61
I, Rondal Brewer, Cashier of the above-named bank, hereby certify,
that the above statement is true to the best of my knowledge and belief.
RONDAL BREWER, Cashier
CORRECT-ATTEST:
HENRY B. CLAY
W. S. HIGGS
C, E. JONES
Directors.
State of Texas,
County of Brazos, ss:
Sworn to and subscribed before me
this 19th day of March, 1960.
MAXIE MATHIS,
(Seal) (Notary Public)
lowed by League meetings at 5.
Dr. John Rogers will lead the
second in a series of discussions
on the Book of Genesis Tuesday at
7 p.m. Senior Choir rehearsal is
scheduled for Wednesday at 7 p.m.
Bethel Lutheran Church
Morning service is at 8:15 a.m.,
with a sermon topic of “Implica
tions of Jesus’ Cross.” Sunday
School and Bible classes will meet
at 9;30 a.m. A second morning
service will be held at 10:45 a.m.
The Lutheyan Aggie Walther
Club will meet in the Memorial
Student Center at 7 p.m. Wednes
day. A Lenten Worship service is
scheduled for Wednesday at 7:45
p.m. Sermon topic for this service
will be “The Trial Before Pilate.”
Church of Christ
Bible School is at 9:45 a.m., to
be followed by a worship service
at 10:45 a.m. Sermon topic will
be “Zealous for That Which Is
Good.” Young People’s classes
meet at 6:15 p.m. and Aggie Class
meets at 6:30 p.m. Sermon topic
for the evening service at 7:15
p.m. will be “The Two Great Com
mandments.”
Ag Prof, Students
Plan Career Talks
Dr. Jarrell D. Gray, professor in
the Department of Agricultural
Education, along with Arlis Ad-
dickes and A. H. Garrett, senior
agricultural education majors, are
scheduled to speak before San
Antonio’s East Central High
School’s career day on March 30.
Gray will speak on “Your Future
Is What You Make It,” pointing
out in particular the kind of life
the student can expect to find in
the future.
Following his address, the high
school students will attend group
discussions relating to various
occupational fields, Gray said.
Addickes, heading one discussion
group, will discuss “Careers in
Agriculture,” while Garrett will
explain to his group the “Student
Life at Texas A&M and the Im
portance of Getting a College
Education.”
^Jhe OHympia
TYPEWRITERS
Guaranteed As
Long As You Are
At A&M
OTIS MCDONALD’S
BRYAN BUSINESS
MACHINES
COURT’S
SHOES
SHOE REPAIR
North Gate
Ladies’ Bible Class will meet
Tuesday at 9:30 a.m. Prayer Meet
ing will be held at 7:15 p.m.
Wednesday. An Aggie Banquet is
slated for 7:30 p.m. Saturday in
the Bible Chair Building.
St. Thomas’ Chapel
The Central Convocational Aco
lytes Festival will be held Satur
day from 9:30 a.m. until late after
noon. Approximately 50 boys from
Episcopal churches in Texas will
participate in the annual program.
Holy Communion will be at 8
a.m. Sunday, with Church School
scheduled for 9:45 a.m. Morning
Prayer and sermon will be held at
9:15 a.m. and 11 a.m. Evening
Prayer is at 7 p.m.
Confirmation Class meets Mon
day at 4 p.m. Inquirer’s Class will
meet at 8 p.m. Holy Communion
and Breakfast are slated for 6:30
a.m. Wednesday. Also scheduled
for Wednesday are Parish Lenten
Supper at 6 p.m. and Adult Bible
Class at 8:30 p.m. The Canterbury
Association Convention in Hunts
ville will begin Friday.
• Evening Prayer will be held at
7:10 p.m. Monday, Tuesday, Thurs
day, Friday and Saturday.
%
renera
( Puli
Is Invited To Attend
ecep
for the
tion
Mon. and W«. OL £ 5.
eacfiie
Triangle Banquet Room
Saturday, March 26, 1960
4:00 P.M. to 6 P.M.
Friends are extended a cordial invitation
to meet and visit with Congressman
Teague during the above hours.
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