Indianapolis Times, Volume 47, Number 274, Indianapolis, Marion County, 24 January 1936 — Page 9

JAN. 24, 1930.

INCREASED U. S. TAXES LOOM AS EXPENSES RISE Bonus Bill, Farm Relief Measures Add to Mounting Costs. (Copyright, 1936. by United Press) WASHINGTON, Jan 24.—An election year tax bill of unpreccrie nted proportions appeared today to be emerging toward reality. The Administration has been loaded with unexpected expenses aggregating $3,000,000,000. The Justice and Treasury Departments are working on a tax bill to pay farm relief under the New Deal's AAA substitute. Congressional leaders forecast today that the Treasury would urge President Roosevelt to demand new taxes to pay part of the soldiers’ bonus. Some of Mr. Roosevelt’s fiscal aids believe he will request additional tax revenue in a message vetoing the bonus bill. The source of the !new revenue is debatable. But the Opinion is growing in Washington that the big bill for emergency expenditures ultimately will be delivered to the middle bracket and lower income tax paying groups. That means, roughly, that persons Whose incomes range from SSOOO to $25,000 a year will carry most of the additional burden. The alternative are a sales tax or new processing taxes. • It is understood the Treasury believes the maximum of income tax revenue from the wealthy will be obtained from the new rates and that the fattest income tax field yet unharvested lies in the middle and lower brackets. It is estimated informally that if business returned to 1928 levels the existing tax rates would garner approximately SB,000.000,000 annually. Mr. Roosevelt icrecast in his budget message that they would raise $5,654,000,000 in the next fiscal year. Since then, the Supreme Court has outlawed the Agricultural Adjustment Act, clipping $547,000,000 from Mr. Roosevelt’s rosy preview. Processing taxes as such were not held unconstitutional. The ruling was, that they could not be used to induce crop control. It is estimated that new farm relief costs and the expense of paying outstanding AAA obligations will approximate $800,000,000. The cash-bond bonus bill will require about $2,237,000,000. Mr. Roosevelt is expected to ask for a $2,000,000,000 new relief appropriation. Relief to Be Added to Debt His budget message said this relief item -would be added to the national debt. He also has stated repeatedly that any reduction of AAA income would have to be compensated for with additional revenue. And when Congress passed the bonus bill without providing revenue. it did so in spite of direct warning from Mr. Roosevelt that ha would insist on taxes to meet unbudgeted expenditures. It appears certain, therefore, that he will veto the bonus bill and recommend new revenue if Congress insists on passing it over his veto. Responsibility for new taxes to pay the bonus will fall upon Congress. There is no certainty, of course, that Mr. Roosevelt will ask for additional taxes. The Treasury presumably will urge him to do so. His Congressional advisers probably will urge him to stall for time until the election is over. The argument in behalf of new taxes is predicated on necessity for piotecting government credit.

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RELEASE OF AAA FUNDS PILES UP WORK

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Litigation involving refund of approximately $6,000,000 in Agricultural Adjustment Administration taxes to 93 Indiana processors has piled an avalanche of clerical work into the office of Albert C. Sogemeier (above), Fed-

KENTUCKY GUNMAN IS CAUGHT AT LAFAYETTE Suspect is to Be Charged With Attempt to Bribe Police. Timet Special LAFAYETTE, Jan. 24. Joseph Feldman, 34, Newport, Ky., arrested near here in an automobile containing guns with mutilated registration numbers, today was charged

Here’s Very Fast Way to “Alkalize” Acid-Indigestion Away Amazingly Fast Relief Now JH from “Acid Indigestion * Over - Indulgence, Nausea, and Upsets

IF you want really quick relief from an upset or painful stomach condition —arising from acidity following over-eating, smoking, mixtures of foods or stimulants just try this: Take —2 teaspoonfuls of Phillips’ Milk of Magnesia in a full glass of water. OR Phillips’ Milk of Magnesia Tablets, the exact equivalent of the liquid form. This acts almost immediately to alkalize the excess acid in the stomach. Neutralizes the acids that cause headaches, nausea, and indigestion pains. You feel results at once. Try it. AND— if you are a

PHIIL IPS’ Ml LK OF MAGN ES I A

eral Court clerk. When Federal Judge Robert C. Baltzell released the impounded taxes Wednesday, Mr. Sogemeier’s assistants began the tremendous work of completing the records in the 93 separate cases.

with attempted bribery of a state policeman. Feldman, whose automobile was equipped with high-speed gears and a tank of oil alleged to be the type for laying a smoke screen, first offered SIOO for his release and then raised it to S3OO, according to the officers. When Feldman was arrested $642 was found on his person. A more thorough search revealed $298 additional.

frequent sufferer from “acid stomach,” use Phillips' Milk of Magnesia 30 minutes after meals. You’ll forget you have a stomach! When you buy, see that any box or bottle you accept is clearly marked “Genuine Phillips’ Milk of Magnesia.”

SIGNS WHICH OFTEN INDICATE “ACID STOMACH” PAIN AFTER EATINiS SLEEPLESSNESS FEELING OF WEAKNESS INDIGESTION NAUSEA MOUTH ACIDITY LOSS OF APPETITE SOUR STOMACH FREQUENT HEADACHES

THE INDIANAPOLIS TIMES

TWO TO SPEAK AT REPUBLICAN MEETING HERE Col. Roosevelt and Brown County Man to Talk This Week-End. Col. Theodore Roosevelt of New York City and Benjamin Wallace Douglass of Brown County are to be the principal speakers at the “grass roots” convention of Hoosier Republicans, Inc., here Saturday and Sunday. Dan C. Flanagan, Fort Wayne, is to be chairman of arrangements, it was announced today by Samuel E. Boys of Plymouth, president of the organization. The following are to assist Mr. Flanagan: Felix McWhirter, Mrs. John Askren, John Joss, V. M. Armstrong, Harry Fenton, Mrs. Arch N. Bobbitt, Mrs. Paul C. Wetter, Mrs. Aileen Kidd, James Ingles, Mrs. Ar-

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thur R. Robinson, Addison Parry, Miss Genevieve Brown, Mrs. Maude Hobson, Mrs. Henry R. Campbell, Maurice E. Tennant. Walter T. White and Fred Schick, all of Indianapolis. Mrs. Beryl Holland, Alfred Evans and William Brown, Bloomington; Judge Noel Neal, John Owen and Mrs. Nell Jenkins. Noblesville; John Lauer, Dana; Lowell B. Welch and Paul L. Maddock, Bloomfield; Neal D. McCallum, Batesville; Roy Banta, Bourbon; H. C. Springer, Butler; Mrs. Marie Johnson, Peru; Fred Robinson, Fairmount; Paul R. Bausman, John S. Hastings, and Elmer Buzan Washington. O. W. Fielder, Logansport; E. V Bull. Walter Wills, D. R. Scott and Gerald Landis, Linton; Henry Marshall, Lafayette; Russell H. Evans, Spencer; Charles Newhouse, Rushviiie; Ralph Adams, Shelbyville; Edwin C. Hunter, South Bend; Hugh Cuthbertson, Terre Haute; Horace Hanna. Plainfield; C. H. Wills and Alden P. Chester, Kokomo; Hurd Hurst, Peru; Andrew Rooney, East Chicago; James Slane and William N. Teal, Lafayette; William H. Slough, Jasonville; John F. Clark, Winchester. Vincent Youkey, Crown Point; Lewellyn W. Oliver, Franklin; R. Lowell McDaniel, Wilkinson; Ralph

Yager, Decatur; Homer J. Kelsey, Fort Wayne; Judge Phil Gould and Judge Edgar Durre, Evansville; Hugh Holman, Rochester; G. M. Fletcher. Greenfield; Charles V. Sears, Danville; E. M. La Rue, Rensselaer; William Kelley, Greenwood; Chester E. LawTence, Mooresville; Edward A. Wolfe, Shipshewanna; Harry L. Marum La Porte; Charles M. Taylor, Anderson, and Harry D. Youse, Markle. REED CLUB TO MEET Third Party Need to Be Discussed at Forum Tonight. Need of a third political party interested primarily in the future of labor and agriculture, is to be discussed tonight by Maurice Sugar, Detroit labor attorney, in an address at the John Reed Club forum. The meeting is to be held at 8:30 in the Castle Hall Building, 230 E. Ohio-st.

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HOME SHOW DATE SET Annual Exposition to Be Held Here April 16 to 26. Announcement of the fifteenth annual Indianapolis National Home Show, April 16 to 26. at the Indiana State Fairground was made today by J. Frank Cantwell, manag-

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PAGE 9

ing director. The show is to be held in co-operation with the Federal Housing Administration. Industrial Expert to Speak Clark Wor man. lecturer and author, is to discuss industrial cooperation at a meeting tonight in the Y. M. C. A. Industrial executives and personnel men have been invited.