Indianapolis Times, Volume 38, Number 272, Indianapolis, Marion County, 18 February 1927 — Page 3

TO PUBLIC DEBT, . SAYCREDIIMEN National Association Manager Suggests Policy. Bv Timet Special NEW YORK, Feb. 18.—Whatever surplus accrues from the fiscal operations of the Federal Government this year should be applied to the public debt, in conformity with the principles of sound credit practice, said J. H. Tregoe, executive manager of the National Association of Credit Men, in a statement herei “It would be pleasmg to the taxpayers to have this melon cut,” he said, “but I feel that the application of the surplus on the principal of the public debt would prove more .beneficial and more satisfactory in the long run than would its division among the income taxpayers on the basis of their returns for 1926.” “No Telling” Tregoe said further that he believed the present basis of taxation should not be revised, even though it has resulted in a surplus this year, “for there is no telling what may happen in our trade and financial activities in 1927.” “The Government’s income is a changeable quantity,” he said, “and the game basis of taxation, direct and indirect, may produce a surplus one | year, but result in a deficit in ans other year. “It would not be wise, in my opinion, to revise the basis of Federal public revenue without making a most careful and systematic scrutiny of the sources of income.” Interests All Commenting on the surplus, Tregoe said, “the disposal of the surplus is not a matter of congressional concern alone; it is of interest to all the people, for we all pay taxes, directly or indirectly, and we are therefore concerned with 'the cost- of running the Government and with the

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Felt Base Floor Covering £*A Looks ancl wears like linoleum. Good heavy quality, beautiful w patterns and colors. Square yard CHw Armstrong’s Linoleum Seconds of $1.25 quality. Square yard Seamless Velvets and Brussels 4 A.95 All wool. Closely woven rugs, 9x12 ft. Good patterns and colors 27-Inch Bordered Stair and Hall AOp CARPET —Rose, blue, tan, taupe; small figure. Yard.... S 'power-foster's 3™ 37 to 41 South Meridian Street “The Center of Furniture Row”

,_ n ' Once Enforced Law, Now Makes ’Em

Representative Thomas Grant, Lake County, once was sheriff. He discovered some laws that, in his estimation, should not be. He found others that should be. Now he is making them and re-making them.

manner in which it spends its income. “We have felt gratified that after the agony ow war costs and taxation the burdens have been decreased by economic administration. The administrators of our Federal Government are striving hard to reduce the costs and thereby to cut down taxation. They have succeeded admirably, and their efforts should have our wholehearted indorsement.” RADIO IN MOSCOW Bv United Press MOSCOW, Feb. 18.—Moscow has 60,000 radio receiving sets licensed. It is thought the total number of sets in the city is greater than this number, however.

Saturday Only!

NAILS STREWN ON ROAD Bu United Press PLEASANT HILL, Mo., Feb. 18.— Bandits who recently held up the Pleasant Hill Banking Company escaped in an automobile but ten pounds of roofing nails strewn in the road, and now motorists in the vicinity are experiencing an epidemic of flat tires. More than thirty drivers have suffered punctures from the nails. A workman sent out by the mayor gathered over a pound from the road in a short time.

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Men’s and Boys’ Store and Shoe Depts. Open Till 9 o’Clock Saturday Nights—Other Depts. Close at 6

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Final Clearance! Women’s Winter a t s

Women’s Smart New Footwear Patents, combinations and kid A /w dmfc, , leathers in parchment, sauturn, ® tLS shell grey and other fashion- Jp • t/ w V able shades. $5 worth of style ■ n jni i it. Growing Girls’ Shoes Boys Black and Tan , . , . ona In O • „ - 1 Ties, oxfords and stiaps in Spring Oxfords the new parchment and _ , ... roseblush shades and T A „ Easy to save a dollar QC patent, with plenty of smart on the pair or even p A •UO t an oxfords. Many new combination more. §ai 4= I effects. —Street Floor.

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Unbleached Muslin, 15c Quality, Yd.,.. 10c $1.39 Extra Quality, Bleached Sheets, 81x90 Only $1

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