Indianapolis Times, Volume 39, Number 168, Indianapolis, Marion County, 22 November 1927 — Page 2

PAGE 2

APPROVED TAX SLASH FROWNED ON BYCOOLIDGE $250,000,000 Reduction Is Too Much, Says Executive; Continue Hearing. Bu United Press WASHINGTON, Nov. 22.—The White House let it be known today that President Coolidge feels the $250,000,000 tax reduction program of the House Ways and Means Committee is too large. He feels the Treasury’s proposal for $225,0000,000 is adequate unless the committee’s hearings revealed new data on the tax situation. Meantime, the committee today continued its course of overriding Secretary of Treasury Mellon’s recommendations, and voted a 2 per cent cut in the present 13% per cent corporation tax. It also voted retention of the auto sales tax, though it may later alter this position,. Surplus Is Cut Officials pointed out the estimated 1929 surplus will be but $274,000,000, and in addition to the tax reduction decided upon by the committee, Congress plans to consider a $40,000,000 appropriation for alien property, $30,000,000 for Mississippi flood control, $25,000,000 for purchase of property in Washington for the erection of Federal buildings; legislation for naval expansion, Boulder Dam, Muscle Shoals and farm relief. The tax cut decided upon was described as a ‘political rather than economical” maneuver. Reduuctiuons wuere made to please the greater mass of votes by slashing the auto and amusement) taxes and corporation taxes, involving millions of stockholders. Treasury Reconciles Real relief, it was said, should have been given to taxpayers in the “middle brackets.” The 327,000 individuals in this group pay more than $700,000,000 annually in taxes, but because of there comparative smallness in numbers they are politically insignificant, it was stated. . The Treasury ir reconciled to the cut, but pointed out there could be no public debt retirement in the next fiscal year as there would be no supply left over for this. POLICE REPLACE SIGNAL Meridian and Ohio 6top-and-Go Ordered Abandoned. Stop-and-go signal at Meridian and Ohio Sts., was ordered abandoned temporarily today by the board of safeety on recommendation of Police Chief Claude M. Worley. Two traffic policemen will be placed on the corner. Traffic tie-ups, caused by street cars and left turns by motorists, were given as reasons for change. Order is effective today. Harding was made a stop street between Eighteenth and TwentyNinth Sts. The board ordered removal of a blinker safety light at Sixteenth and Pennsylvania Sts.

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Bu United Press CHICAGO, Nov. 22.—Irene Castle McLaughlin has come to the defense of the horse and legal difficulties threaten to best Chicago’s annual horse show when it opens its doors tonight. Spurred by the dancer, the Chicoga Anti-Cruelty to Animals Society threatened today to go to

GET FIREBUG CLEW Police Seek Man Seen at Numerous Fires. A man police believe might be the pyromaniac who has fired several new hohses, garages and barns in the southeast section of the ctyy was described Monday night by Leo Myers, fireman stationed at Engine House 29, Shelby and Kelley Sts. Myers said at 2 a. m. Monday he saw him near a fire at 2100 Shelby St. Six hours later at another fire at Shelby St. and Le Grande Ave. Monday night he was loitering about the rear of a buildihg at Raymond and Shelby Sts. Myers started toward him, but he ascaped. At one of the fires he was in an automobile, Myers said.

FINDS BEARDED EAGLE Specimen of Bird Virtually Extinct Is Taken in Tibet. BOSTON, Nov. 22.—After spend* ing three years exploring the wilds of the Tibetan Highlands boardering on China,. Prof. J. F. Rock of Harvard University has returned with 100 valuable bird specimens and a wealth of scientific data. One of the birds is the bearded eagle, practically'extinct, which has a wing spread of ten feet.

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court, if necessary, to prevent use of ‘tail sets” to hold horses’ tails erect at the society event. The tail sets add to the beauty of the animal at great pain, Mrs. McLaughlin and members of the* society charged. Officials of the show contended the sets were painful when first used, but said that horses became used to them.

TALK WALB SUCCESSOR Kealing to National G. O. P. Parley in Washington Soon. % y “A high-grade man not connected with any faction, who knows something about politics,” should be chosen next May to succeed Clyde A. Walb, who is to resign as Republican Ptate chairman, according to Joseph D. Kealing, Indiana Republican national committeeman. Kealing, who is to attend a national committee meeting at Washington, Dec. 6, is informed the G. O. P. national convention next year will be held about June 15. Selection of the convention city, Kealing believes, lies between Cleveland, Detroit and Kansas City, although Chicago, San Francisco and Philadelphia are making strong bids. CAR VICTIM RITES HELD Ralph Schultz Burial Wednesday; In Auto Crash. Funeral services for Ralph Schultz, 23, of 302 Colorado Ave., injured in an auto collision Saturday night, will be held at Tuxedo Baptist Church at 10 a. m. Wednesday in charge of the Rev. U. S. Clutton. Schultz, a life resident of Indianapolis, was a member of the Order of De Molay. He is survived by his father, Charles; brother, Russell, and three sisters, Dorothy, Marion and Mrs. John Salz, Jr. WASSON’S ANNEX OPENS Store on Circle Entered From Washington St. H. P. Wasson & Cos., Monday opened its new store annex on Monument Circle, vacated recently by White’s cafeteria. Access to the new annex is provided through the main Washingtctt JfttefJore and an entrance on MofiUmentCircle. The annex houses several departments, including anew service department where gifts may be wrapped and mailing service is provided.

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ROADS TO ASK RAIL VALUATION TEST IN COURT : / Companies Want Higher Fig ires Than Estimate. By HERBERT LITTLE United Press Staff Correspondent WASHINGTON, Nov. 22.—Railroad attorneys were prepared to ask the United States Supreme Court this afternoon to invalidate through a test case the Interstate Commerce Commission’s $19,000,000 valuation of the nation’s railroads. If the valuation is used as a basis for rate-making, most freight and passengers would travel much cheapen. If the railroads win their demand for aggregate valuations of from $30,000,000,000 to $50,000,000,000, the national transportation bill would be increased by several billions a year. Ask Dismissal of Case The Government and the commission, however, have asked that this test case and that of the Kansas City Southern, be dismissed without ruling on the broad question involved. They will argue orally that inasmuch as the court refused to rule on the question in the similar Salt Lake & Western case, a year ago, it should dismiss this case and annul an injunction won by the railroad in lower Federal courts. The court held that until the lower valuations were actually used for making anew rate, the S. L. & W. was not injured and therefore had no redress in Federal courts. The Kansas City Southern, a Loree road, valued with its subsidiaries at $49,000,000 by the commission and $80,000,000 by its owners, attempts in this case, however, to prove the valuation already has injured its property. Injures Credit The valuation, based on “60 per cent of true value,” has injured the road’s credit, unlawfully limited its earning power, and disabled it in obtaining funds through issuance of securities, according to the road’s brief. x

SAFER ‘LIFTS; ASKED Ordinance on Elevators Is Introduced. An ordinance designed to provide greater safety for elevators in apartment buildings was introduced in city council Monday night. The measure, recommended by Building Commissioner W. A. Osbon, is concerned principally with fire preventive regulations and was inspired by the recent Graystone apartment fire which took nine lives. The amendments to the building code would bring it “up to date” and tend to prevent recurrence ofa disaster similar to that at the Graystone, Osbon declared. “The recent disaster brought to the attention of this department and the fire chief the inadequate provisions relative to elevators, elevator shafts, locking devices and fire doors in the present code,” Osbon said. Dogs used to kill rats almost invariably contract rat flies, which may carry disease to human beings.

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FARM PRODLEM U. S. BIG PUZZLE, ROBINSON SAYS Urges Surplus Crop Control Before Bureau Federation. Present plight of the American farmer was termed “this country’s greatest problem,” by Senator Arthur R. Robinson, in a speech before tfie annual convention of the Indiana Farm Bureau Federation at the Claypool this afternoon. The junior Indiana Senator defended his stand for the McNaryHaugen bill and stjongly urged surplus crop control and tariff protection for agriculture. “Throughout all the development of the country we never have inaugurated a great national farm policy,” Robinson pointed out. “There are in this country at the present time 6,500,000 farmers and a rural population of approximately 30,000. Farm conditions have gone from bad to worce.. In this day of organization, agricultural interests have not been able to organize. “No one disputes existence of a farm problem today. Mortgage loans of farm interests have increased from $4,000,000,000 in 1910 to more than $12,000,000,000 in 1925. It is common knowledge that during the last several years wheat, com, cotton, hogs and all farm products have frequently sold for less than the cost of prodyction. Urges Market Knowledge “What the American farmer needs today is an opportunity to develop bargaining power that will assure him prices for his crops and commodities that will give him a fair return on his investment and labor. “To gain this end, it is neoessary to control crop surpluses; make the tariff effective on those commodities where duties are provided for and to provide a system of orderly marketing for the great cotton crop of the South, so the price may be thoroughly stabilized. “Time must come when the American farmer can have something tq say about the price he is receiving for his commodities. He can not continue to produce his crops at a loss. “The McNary-Haugen bill may not be perfect, but it is a start'in the right direction. All legislation is experimental until tried out. Cites Reserve Bank Act “Though it was passed as recently as 1913, in the fourteen years intervening, the Federal Reserve Act has been amended so much that the amendments occupy more space in the law books than the original act itself. That is true of many other important laws on the statute books. They must be altered from time to time to make them workable. “So with the McNary -Haugen Bill. We can amend it if time shows the" need for amendment. Its passage would immediately hearten the agricultural population of the country, raise morale of the people engaged in the industry and be the beginning.of a great national farm policy.”

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Flier Challenges Ocean

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1,200 ATTEND WHEELER MISSION CELEBRATION Speakers Tell of Being Saved by Slum Workers. Twelve hundred persons attended the thirty-fourth anniversary celebration of Wheeler City Mission founding Monday night, at First Baptist Church. J. Arthur Schlichtqr of Philadelphia, Pa., International Union of Gospel Missions field secretary, told of his descent to the slums from wealth and influence and his rescue by a mission. John W. Troy of Winona Lake, a Serbian, told how he was saved by a Chicago mission. H. W. Krause, Wheeler Mission board president, presided. Speakers were introduced by Mission Superintendent H. E Eberhardt. Hoover orchestra and Wheeler Mission Sunday School classes provided music. * For Colds, Grip or Influenza and as a Preventive, take Laxative BROMO QUININE Tablets. A Safe and Proven Remedy. Look for signature of E. W. Grove on the box. —Advertisement.

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ASK RUS USERS’ AID Public to Help Unify-Lines of Merged Firm. Opinions of business men's organizations, Central Labor Union and civic clubs will be sought by the public service commission before action is taken upon the petition of the Indianapolis Street Railway Company- to unify bus services of its lines and those of the Peoples Motor Coach Company, and reduce bus transfers from 3 to 2 cents, Commissioner Frank T. Singleton announced today. Dates for hearings uporj each of the numerous changes in bus lines will be set. Before these hearings Singleton said he would write the organizations asking them to reply whether they will send representatives prepared to give cross sections of public opinion. The Street railway petitioned for the bus changes after it purchased common stock of the Peoples coach lines.

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3 ESCAPE WITH $5,000 IN LOOT Bank at Hagerstown, Ind., Robbed; Shots Fired. Bu Times Special HAGERSTOWN, Ind., Nov. 22. No trace has been found today of three bandits who late Monday obtained $5,000 in a hold-up at the Central Trust Company Bank here. The bandits fled in an auto bearing license plates issued to Charles Stitt, Hagerstown, but the car was a make different from Stitt’s. While one man remained in the auto, the engine of which he kept running, his two companions entered the bank and cowed Cashier R. M. Hudson, h s two assistants and three or four patrons. They compelled them to lie on the floor. One of the bandits kept them covered with a revolver while the other obtained the money. Neither of the robbers was masked. As the bandit pair fled to their auto with the loot, Hudson shot at them and the fire was returned, but no one was hit.

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