Indianapolis Times, Indianapolis, Marion County, 19 August 1937 — Page 4

PAGE 1

PEST aay I a

FIRST DRAFT OF NEW TAX SETUP IN PREPARATION

Revision of Undistributed And Excess Profits Levies Indicated.

(Copyright, 193%, Sy United Press) WASHINGTON, Aug. 19.—The first preliminary draft of the Administration’s new tax program for 1938 will be ready within a fort-

night and probably will contain rec- | revision of the]

ommendations for excess profits and undistributed corporate profits levies, it had been learned today on high authority. This was disclosed as the House passed the Administration's only major 1937 tax bill, asked by Presi-

dent Roosevelt to plug tax law loop- |

holes through which leak an estimated $100,000,000 annually. standing vote was 173 to 0. A corps of Treasury experts has been at work on the 1938 program for several months and is now ap-

proaching the end of its prelimi- |

nary studies. The tentative draft will be studied by Administration fiscal

officials, including Secretary of the!

Treasury Henry Morgenthau Jr. and his undersecretary, Roswell Magill, who is considered one of the outstanding tax authorities in the country. Conferences with Congressional tax experts were expected to get under way by November.

Conclusions Listed

The tax study so far has resulted in these tentative conclusions: 1. That the revenue laws need practically complete revision to eliminate conflict in their administration and for simplification. 2. That experience has demonstrated the need for changes in the excess profits and undistributed corporate profits taxes. 3. That income taxpavers in the lower brackets apparently were already bearing “a fair share” of the tax burden. 4. That the vast existing turbed. 5. That the emergency, or socalled “nuisance” taxes, such as levies on sporting goods and cosmetics, should be replaced with Some more permanent form of taxes.

$10,000 FOUND ON CORPSE DEPOSITED

By United Press LA PORTE Ind, Aur. 719--County authorities today deposited in a bank the $10.000 found on the body of an unidentified elderly man killed by an automobile Monday. County Coroner Daniel G. Bernoske said the money will be held for “a reasonable length of time:

majority of the taxes need not be dis-

and then will be turned over to the

State if the man is not identified.

The dead man was struck by a car |

driven by Edward Westerfield of Cleveland, O. He was described as about 60 or 65 vears old, weighing 185 pounds and of medium height.

AUTHOR TO SPEAK AT FRIENDS MEET

PLAINFIELD, Aug. 19.—An address by Marjorie Hill Allee, author. featured today’s program at the 80th annual session of the western yearly meeting of the Church here. C. M. Yokum, Indianapolis, Christian Board of Missions secretary, was to speak this afternoon, leading a discussion. Messages by young people of the public speaking department of Arsenal Technical

High Scheol will be on tonight's |

program.

The!

Friends |

]

{ cd Press

WASHINGTON. Aug. 19.—Senator McCarran (D. Nev.) was codnfined to naval hospital today with an intestinal ailment. Hospital attendants reported his condition satisfactory but it was not expected that he would be able to attend any session of the Senate before adjournment.

GIRL HURT AS CAR LEAPS OVER BANK

B: United Press BEDFORD, Aug. 19.—Genevieve Spoonmore, 18, of Fayetteville, was cut and bruised yesterday when her automobile plunged off a 22-foot | bank at the Salt Creek Bridge on

| Fayeteville Road west of here and |

[landed in four feet of water. | The girl was rescued from the wreckage after her cries attracted

Fred George, principal of the Fay- | She at- |

etteville School nearby. tempted to leap from the autormobile before it plunged over the embankment but her dress caught on the door handle and dragged her into the water.

TRUCKER 1S BURNED IN STARTING MOTOR

Frank Edens, 30, of 2035 W. Washington St., was burned seriously to-

day when gasoline caught fire as he |

| was using it to prime a truck car{buretor at the

{S. East St., where he is employed. Mr. Edens was taken to City Hospital with severe burns on the chest, arms and hands.

TRUCE REACHED IN

‘Number Is

Interstate Motor | | Freight System freight depot, 135

EAA SERA

BISCUIT CO. STRIKE!

‘day were to return to work under {a temporary agreement, pending ne- | gotiations scheduled for Monday | afternoon, it was announced by Ar- | thur Viat, State Labor Commissioner.

Century Biscuit Co. employees to- |

Assistant |

E i

Employees struck earlier this week, ! and have been picketing the plant.

£ = : E z ol

McCarran 1 PLANES WITH NO ha "LICENSES HELD SAFETY HAZARD

in | carry 90 per cent of the flying hour

The

Increasing State, U. S. Official Declares.

increasing number licensed airplanes flying in Indiana constitutes a definite safety hazard, Frank Estill, Department of Commerce inspector, said today. Mr. Estill recently pledged his co-

operation to the State Police in an effort to curb the menace.

| are operating in this state, accordling to the latest estimates, Mr. Estill said.

| Nine plane accidents have caused |

11 deaths and 9 serious injuries durne the last year he said. Five of | ehese planes were unlicensed and | four were operated by student | pilots. | Cites Safety Factors

Pointing out that licensed planes

{ burden Mr. Estill said the physical | condition of the planes and the | pilot's training are prime factors in | air safety. The percentage of unlicensed [ planes in Indiana is among the | highest in the country, Mr. still said. Approximately two-thirds of the planes are licensed he | records show. | The 1929 Indiana law makes it [illegal for an unlicensed plane or | pilot to carry passengers for hire. | An unsuccessful attempt was made

More than 100 unlicensed planes { during the 1937 Legislature to pass

Entire S

THE INDIANAPOLIS TIMES

said |

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‘a regulatory measure setting up an Indiana aviation commission.

Regulate Planes

Michigan and Ohio have strict | regulations for planes flying within | state boundaries, according to Mr. | | Estill. Laxity in enforcing the In- | diana statute makes this State the | | focal point for unlicensed flyers, he said. The Indiana Aircraft Trades’ Association and the Indianapolis | Aero Club have gone on record lagainst the influx of unlicensed | planes, according to Buford Cadle, | Aero Club president. Mr. Estill recommended that State Police take action against the plane owners or that some com- | mission be set up to cope with the | growing problem. State Police, who arrested a flier | last week, have been unable to lo- | cate the plane which was forced down in a field near Plainfield. When they returned after taking the flier to the Danville jail, the plane was gone.

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