Indianapolis Times, Volume 45, Number 229, Indianapolis, Marion County, 2 February 1934 — Page 11

FEB. 2, 1934

ELECT CRIPPIN TO HEAD CITY PUBLICITY BODY Indianapolis Convention Bureau Elects New Officers. Clarence E. Cr.ppin, head of Clarence E Crippin & Sons, printers, is new president of the Indianapolis convention and publicity bureau. Other ofT.cers named by the board of directors are George G. Cunningham, Clay pool hotel manager. vire-pfesident; George Vonnegut of the Vonnegut Hardware Company, treasurer, and Henry T. Davis, re-elected secretary-man-ager. Members of the executive board are W. O. Wheeler, William Behrman, L W. Horning and S. B. Walker. Directors include William A Atkins, Dr. Edmund B. Clark. Mark Gray, Harry S. Hanna. William C. Kassebaum. J. N Lemon. Howard S. Morse, Samuel Mueller, Paul E. Rupprecht. Walter B. Smith. W. H. Wells. Dr. F. S C. Wicks, Harry E. Wood and Wallace O. Lee. (arc! Party Planned A card party will be given by the Junior Order United American Mechanics at 8 30 tomorrow night in Buschmann's hall. Eleventh street and College avenue. Use of fertilizer was known to some American Indian tribes before the coming of Europeans.

Watch for Other February Super Values I FEBRUARY-yj I 'Rauf!] Tamvvwu/! 1 1 . *.af Penney’s! ... Big New Selection of * I WASH DRESSESIi a / Placed on Sale * §p f JLow-priced ... yes! But not the kind of dresses that always uj stay at home! They look delightful in the house or on the street! Pretty . . . modish . . . “SALLY LEA” FROCKS of 'jJF fine Q ua lhy prints . . . and vat-dyed so they’ll stay gaily £ l \ color-fresh through tubbing after tubbing! x / You’ll love the new sleeves and collars .. . the crisp, fresh organdie trimming, the full, flared skirts! And if you’re wise, you’ll buy enough to last for a long time! Distinctive Extra Size Models I A New Dress I for the Larger Woman! j Economy [i If It Fades! Sizes 14 to 52 f " Basement J February Super Value! I February Super Value! Decorate Your Table With This I A Value Scoop ... We Say! Delightful New Square Shape U Compare Our Price! You’ll Agree! IDinnerware Set I D g L 'j E |l ßY tp? Wt\ 32-Piece Set! I if <£&*! 1 Service for Six! I TOWeIS || I jj Q C |

MURDER CAR EXAMINED FOR CLEWS

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Automobile (above> of Gaylord V., Saunders, 35, embalming student and former minister, who was slrin early today, was being searched by police in hope of finding clews to his murderers. Mr. Saunders apparently was shot in the back of the head by robbers, his body being discovered in the car which was parked on Fortieth street near Meridian street. Among those investigating the murder mystery were patrolmen Don Milbum and James W. Graham (above).

URGES CIVILIAN PILOTS FOR WAR EMERGENCY Charles E. Cox Jr. Is Speaker at Engineering Session. Creation of a large corps of civilian pilots who might De used in event of war, was discussed last i night by Charles E. Cox Jr., CWA state airport administrator, at a meeting of the Indianapolis En- j gineering Society in the Board of j Trade buulding. “Improvement of airways facili-! ties, coupled with the efforts of the i

aeronautics branch of the federal department of commerce to perfect a low-priced airplane, should open the way for these possibilities,’’ he said.

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THE INDIANAPOLIS TIMES

TAX DEDUCTION CUT PONDERED BTSENATORS Low Depreciation Allowance Sought to Increase U. S. Revenue. By Scripps-Haward Xcwspaper Alliance WASHINGTON, Feb. 2.—Pians to increase federal revenue by cutting amounts corporations may deduct from their taxable income for depreciation wil be revived when the tax bil lreaches the senate, it was learned today. The house ways and means committee rejected the plan when treasury secretary Henry F. Morgenthau Jr. opposed it but interest has been renewed by figures laid before the senate by Senator Kenneth McKellar Dem., Tenn.), showing large losses to the federal treasury from depreciation deductions. A subcommittee in the house recommended that these deductions be reduced 25 per cent for the next three years, estimating that the total

yield to the treasury would be about $255,000,000 or $85,000,000 a year. Recommendations was made because the subcommittee was "impressed” with large deductions for depreciation. Its figures showed that in 1930 corporations having net income reduced this income by 31 per cent through depreciation and depletion deductions, and that unprofitable companies increased their deficits by 48 per cent. The subcommittee pointed out that amounts for depreciation and depletion deducted from net income did not “represent cash outgo like wages, repairs and similar expenses, but are annual reserves generally theoretically set aside to replace plant and property Investments.” It felt that corporations, for the period of the emergency, could be called upon to reduce these “theoretical” reserves by 25 per cent. Secretary Morganthau opposed it because "depreciation and depletion deductions are intended to remove from gross income such amounts as in fact represent a return to the taxpayers of a portion of his capital investment.” If no such deduction were permitted, the secretary argued the taxpayer might contend “with much force” that he “is in reality subjected to a capital tax in the guise of an income tax.”

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NRA ‘BLACK EAGLE’ CITY MAN’S IDEA Manufacturer Suggested; Plan, He Claims. The NRA black eagle, soon to fly over industries with accepted codes, originally roosted in Indianapolis in the mind of Martin E. Sipe, 3216 North Pennsylvania street, Century Manufacturing Company head. Mr. Sipe wrote a letter to General Hugh Johnson, recovery chief, suggesting the issuance of black eagles as companions for the blue eagle as compliance insignia. General Good News for Kidney Sufferers! Hero is relief that goes right into the irritated kidney and bladder organa so quickly, you cam actually SEE results within a few hours. Flushea cut poisons, neutralises burning acids, brings prompt soothing comfort. No more aching back, weak bladder, sore painful joints from lack of kidney activity. Ask druggist for Foley Pills — take no other. Money back guarantee. —Advertisement. TRY A WANT AD IN THE TIMES.

Johnson replied that the plan was being filed for future use. Mr. Sipe said that details of the

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plan announced Wednesday by code authorities tallied almost ekactly vith his suggestions.