Indianapolis Times, Volume 43, Number 238, Indianapolis, Marion County, 12 February 1932 — Page 2

PAGE 2

CONGRESS MAY LEVY TAXES ON MANUFACTURER M'Adoo Suggests 100 Per Cent Collection From Rum Peddlers. BY THOMAS L. STOKES United Fret* Staff Corre.pondrnt WASHINGTON, Feb. 12.—Levy of n manufacturer’s sales tax on a ■wide variety of products that can stand the burden best was adopted as a policy today by the house ways and means committee. A special subcommittee, headed by Democratic Floor Leader Rainey, called upon the commerce department for data on the manufacturing industry, preparatory to a determination of which unite are in the best condition to help the government balance the budget. The condition of the particular Industry will be the measuring stick. The tax thus will not be a general manufacturers’ tax blanketing the industry, but will cover a large number of individual items. Crisp Makes Eloquent Plea Acting chairman Crisp said today that about $800,000,000 must be raised by such taxes, as only between $350,000,000 and $400,000,000 can be raised by the income, inheritance and gift taxes planned by the committee. He called upon the house Thursday in an impassioned speech to raise taxes sufficient to balance the budget, which will require sl,241,000,000 of additional revenue, and announced the committee would present a bill that would accomplish this. On top of the numerous suggestions it has received, the committee today got several from a prominent Democratic leader and leading prohibitionist, former Secretary of Treasury William Gibbs McAdoo. The most novel of these were a 100 per cent tax on the bootleg and narcotic trade, and a passport tax to encourage Americans to spend their money at United States resorts. McAdoo Asks Bootleg Tax McAdoo cited estimates of annual profits of bootleggers of $1,500,000,000 and said the government could reap a large revenue from this source. “Such a tax, combined with the Inquisitorial power possessed by the bureau of internal revenue, is one of the most effective weapons that could be employed to destroy the bootleggers and narcotic dealers,” he said. “It may not be possible to collect 100 per cent of the illegal income, but certainly the wholesalers—the crux of the problem—can be reached.”

Churchill Booked Here

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Preparation for the visit here of Sir Winston Spencer Churchill, “stormy petrel of Britain,” who will lecture Feb. 27 at the Murat temple, were being made today by Dr. David M. Edwards, executive secretary of the Indianapolis

MAGAZINE TOTTERS Police Gazette Fate Rests in Creditors’ Hands. II!/ United Presit NEW YORK, Feb. 12.—The fate of the Police Gazette magazine, the sex appeal standard bearer of the gaslight era, rested today with its creditors. Unless some financial arrangement is made immediately, Albert S. Kochman, president of the Richard K. Fox Publishing Company, the owners, admitted “the future of the Gazette is doubtful.” Kochman would not say whether the last edition, dated Feb. 6, had finished the magazine’s career, as had been reported, but he looked gloomy. The Police Gazette was founded in 1846 to crusade against crime, vice and luxury. It glorified in

Sir Winston Churchill

Council on International Relations. The noted British peer will speak on “The Destiny of the English-Speaking Peoples.” Churchill recently was injured when struck by a taxi in New York, but now is fully recovered.

Anthony Comstock’s denunciations. Later, however, after Richard K. Fox, an Irish journalist, took over the publication, it became the bible of the sporting fraternity. Many sportsmen of the old days refused to pay their prize fight bets until the Police Gazette announced the result. STATE BUYS CEMENT Awards Contracts for 1,800,000 Barrels for 1932. Contracts for 1,800,000 ban-els of cement to be used in Indiana’s road construction program for 1932 were awarded Thursday by members of the state highway commission. The contracts represent an investment of more than $1,800,000. Cement companies given the contracts: Lehigh, Marquette, Cosmos, Wabash, Louisville and Lone Star. All but the Marquette firm employs Indiana labor.

THE INDIANAPOLIS TIMES

26 DIFFERENT CAR MAKES TO BE ONDISPLAY Fairground Groomed to Be Host Saturday to Annual Auto Show. Twenty-six makes of passenger cars will be on display at the twenty-first annual Indianapolis Auto Show% which opens at 10 Saturday morning in the Manufacturers’ building at the state fairground. The show will continue until Friday, Feb. 19. It w-ill be open daily from 10 in the morning until 10:30 at night. Besides the twenty-two passenger cars, three exhibits will feature trucks, and fourteen displays will be sponsored by makers of accessories. Exhibitors were occupied today with putting their displays into show-shape. Only a handful of workmen still were occupied with decorations to the building. Trucks laden with cut-away chassis and new motor cars came in a steady stream to the back door of the exposition hall today. Workers were busy washing tires of cars driven to the scene. Dust cloths raced across shiny new finishes, so that Mr. and Mrs. Motorist may see their reflections Saturday. Autos which will be shown are Chevrolet, Ford, Plymouth, Chrysler, Cadillac, La Salle, Buick, Reo, Studebaker, Pierce-Arrow, Marmon, Stutz, Auburn, Cord, Hudson. Essex, Hupmobile, Lincoln, Dodge, De Soto, Nash, Pontiac, Oldsmobile, Packard, Franklin and Graham.

Remaining From 2 Stores Closed at| P t“’ Imagine—hundreds of Bargains from two stores plus our own stock Ipy E7F I'D * Sharply Reduced for this Event—all combined to make one Big Dollar- 'KT 4 * U Jtv Saving Sale with unsurpassed VALUES! Everything Must be Sold! 11, |y . ( t Quantities are limited, so we advise you to COME EARLY J C O A 1 S Former $lO and sls Fur-Trimmed DRESSES “■|| WINTER COATS r; ™ If you want a thrill, These prices sound im- 46° I come here early and possible, but just give and $29 sce all of these beau- M Mi us the benefit of the are In „ .... , . , , . . , , , . dresses reduced for this special Fur coats at a fraction of “ful winter coats. doubt and come early! ,aie. why shouldn’t you crowd their original value. You \ and crush to buy such barmust come early. If 1 i Our Instructions trom Headquarters Are | f e*ll Don’t Misg ThU Great Savins Opportunity '// j®, s* ® YaIEM silk - prill/ g .... dre sses Chopping yft now... Qua N nli,ies Rummage IfPSI WSjjM '/J/iJ. S | A I?S? E T* LI vSo M 11'f—'Take Advantage of These KotIS// Jr* %'#E=Sr, msi sosuki 19“* D^ es

Norway Crown Princess Mother By United Prets OSLO, Norway, Feb. 12.—A daughter was bem Thursday night to Crown Princess Maxtha of Nor-

SELLING OUT! remaining stocks of our stores in watert^^ 0 IOWUNDPOPLARBLUFF - M0 - IT la - Pr BSBI 23c Small Sizes Only— binations. * Every pair of these shoes taken V h gg from our regular stock and are HR marvelous values for those who K \ can wear sizes such as 3,3 y 2t 4 g 1

way, the former Princess Martha of Sweden. The royal mother and child were reported well. Princess Martha and Crown Prince Olaf were married In 1929.

$500,000 Alky Plant Seised BALTIMORE, Feb. 12—Half a million dollars worth of alcoholmaking equipment was seized by prohibition agents today in the

FEB. 12, 1932

“biggest dry raid in the city’s history” and, according to justice department operatives, probably 1* the largest in history of dry enforcement in the United States.