Indianapolis Times, Indianapolis, Marion County, 12 November 1937 — Page 22

PAGE 22

HARRISON JOINS | DRIVE TO ALTER TAXON PROFITS

1 { |

Modification Is Hinted in

General Revision of Revenue Setup.

WASHINGTON, Nov. 12 (U. P.).—The House Ways and Means Tax Suhcommittee, studying the effect upon smaller corporations of the vmdistributed profits tax, today dis cussed the possibility of allowing a graduated credit as a means of providing relief. Existing law provides =a $5000 credit for corporations whose annual income does not exceed $50,000. Asked whether this figure might be graduated, Chairman Fred M. Vinson (D. Ky. said “It might be.”

WASHINGTON, Nov. 12 (U. P). —The campaign for modification | of the undistributed profits tax on

corporate business gained a powerful ally today in Chairman Pat Harrison (D. Miss.) of the Senate | Finance Committee. A telegram from Senator Harri- | son to Secretary of the Treasury Henry Morgenthau Jr, gave impetus to the movement as a House Ways and Means Tax Subcommit- | tee indicated a disposition to include modification in the general revision of the revenue structure planned for the regular session of Congress. It was made even more emphatic when two other Administration Senators announced they favor a revision of the act. Senator Minton (D. Ind.) declared for “some modification in the undistributed profits tax te provide for retirement of| legitimate debts and for reasonable expansion.” Senator Thomas (D. Okla.) urged repeal or revision. Senator Harrison, congratulating Mr. Morgenthau on his speech pledging the Administrattion to| curtailed expenditures to balance | the budget, said: “There must be some modification |

of undistributed profits tax and on | my return to Washington next week | hope to confer with you and asso- | ciates and exchange views.”

Ludlow Asks for Laws To Aid Business

To be fully effective in bringing 1ormal prosperity in industry, Secretary of Treasury Morgenthau's retrenchment program must be accompanied by enactment of relief iaws for business, Rep. Louis Lud- | low said in a radio speech last night. Mr. Ludlow pledged support to the economy program outlined by Secretary Morgenthau two days ago, saying “national retrenchment and balanced budget will put honest business on its feet.”

BSHOPSPUTO.X, ON UNITY PROPOSAL

Approval of M. E. Church, South, Now Needed.

FT. WAYNE, Nov. 12 (U. P).— Unification of the three Methodist | sects into one denomination neared | reality today with approval by the | board of bishops of the Methodist | Episcopal Church. | The new church, which would | be known as the Methodist Church of America, first was proposed in 1914. It will be organized officially if the Methodist Episcopal Church, South, give its approval. This action is expected at its general | conference next May. The Methodist | Protestant church already has approved the plan. The M. E. Board, meeting in fall convention last night, announced results of balloting on the proposed union: Ministers for unification, 10,375; | against 1277. Laymen for unification, 6844; | against 585. of The new denomination would in-| clude 8,000,000 members throughout | the world and would be divided | into five geographical jurisdictions. | A sixth jurisdiction would care for | Negro churches and conferences.

CIVIC LEADER IS DEAD

| journal had published a new edition |

| date of enactment of the new con- | | stitution.”

| expired next July. announced formation of a corpora- |

| respective capitals.

| Brazil's future policy.

| countries,” the chancellor said.

| political philosophy in the Western

| Brazilian

New Ore

Ae x SE

or A voy ax dr ag a TP With the tremendous splash that resounded throughout the industry, the new ore carrier William A. Irvin dived broadside, as shown above, into the middle of the late shipping season on the

Great Lakes. Built at Lorain, O. for the Pittsburgh Steamship Co., the 610-foot carrier is the

construction.

most modern on the lakes and the first to be launched in several years. Mrs, William A. Irvin, wife of the U. S. Steel Corporation president, was named, christened the vessel just before it surged sideways into the water,

* be

''HE INDIANAPOLIS TIMES ° MILLION-DOLLAR DEPAUW U. DRIVE

AIDS SELECTED

| | | | |

(Campaigh Aims to Raise Salaries, Start Program Of Expansion.

MO aR a aa A NMA Fd 520

Times Special GREENCASTLE, Nov, 12—The DePauw Centennial Development Committee today announced appointment of several district committeemen and city chairman to lead the university's $1,000,000 additional endowment drive. The campaign, to be launched next spring, aims to increase faculty salaries and start an educational expansion program. Appointments were made by J. Giltner Igleheart, Evansville, head chairman: They includue: Eugene Pulliam ex-'10, president of radio station WIRE; Arthur Wolf, vice president State Auto Insurance Association; the Rev, C, T. Alexander, Methodist Episcopal Hospital, and Dr. Henry L, Davis, all of Indianapolis, committeemen for the Indianapolis district.

Ford Frick Chosen Ford C. Prick '15, National Base-

A sister ship is under

for whom it

Vargas to Keep Presidency of

Corporate Brazil tor 6 Years

RIO DE JANEIRO, Brazil, Nov, 12 (U., P.).—President Getulio Vargas, following up his formation of Brazil's corporative state, has decided to remain in office for the next six years, it was reported today. The announcement was made through the newspaper Correio de

| Manha, one of the largest in Brazil.

(Althought long known, for its antiadministration tendencies, the newspaper presumably published the announcement under strict Gov-

| ernment censorship and authorization—Ed.)

The newspaper said the official®

in which the text of the con-| stitution reading “the Vargas manaate is renewed until a plebiscite which ends the presidential term in case the result is favorable to the constitution,” had been modified to read: “The Vargas mandate is renewed | for six years beginning Nov, 10, the |

Support Is General

Vargas’ term of office was to have | When he first |

tive state—the first in the western hemisphere — his continuance in | office was to have depended upon | popular approval of the nation's electorate, i Support of the president re-| portedly was general throughout the | country with the exception of Governors Juracy Magalhaes of Bahia | and Carlos de Lima Cavaltanti of | Pernambuco who were replaced by | military zone commanders in their | All other state | executives pledged their support. |! The new constitution will not! lessen democracy, Chancellor DPi-| mentel Brandao told members of the diplomatic corps who anxiously asked Government leaders about

President Vargas

| directly or indirectly, and for what- | ever reason, in the internal or exAlthough under the new con-| ternal affairs of any other of the stitution a new parliament will con- | parties.” cist of a chamber of deputies and a |

federal council, the Iaiter to replace yoy al ivER HURT IN FALL FROM LADDER

tative system “contains the basis of | constructive policy for which is demanded the collaboration of all " | Falling 12 feet from a ladder at He explained that at the begin-| 4, ynternational Harvester Co. ning of the presidential campaign, | power plant, Ritter Ave. ‘and agitators interfered with the con- | guopvine Road, Bruce Herndon centration of ne Bs parties | 32, of 515 E. Vermont St., today reRrOuUnt ‘one cantavate. | ceived back injuries and was taken

WASHINGTON, Nov. 12 (U.P). | to Methodist Hospital.

—Demonstrating a “good neighbor” | attitude toward Brazil, the United States sought today to preserve the solidarity of American republics facing steady infiltration of European

descending a ladder when he stumbled on a board protruding | through the rungs, police were told. | His condition was reported as not critical.

| dianapolis Real Estate Board is to|

Mr. Herndon, a bricklayer, was ||

ball League president, alumni chair-

2 DEGREES CARDED IN SCOTTISH RITE

The Scottish Rite Cathedral is to confer two degrees tonight on a class of candidates comprising the first section of the fall convocation. Ritualistic work is to begin at 7:30 p. m, on the 12th grade, with Carl A. Ploch, Adoniram Lodge of Perfection, senior warden, presiding. Officers and workers include Harry W. White, Hiram E. Stone- | cipher, Dan H. White, Othniel | Hitch, Clark Roggie, W. H. Harrison, Ray H. Briggs, Edwin J. Haerle, Charles D. Babcock, Hanford F, Conway and Carl F. White, Elmer E. Wilmington, junior warden, is to preside in exemplification of the 13th degree. His cast includes Ben H. Kerr, Norman Gordon, Frank Mellis, Edwin McClure, Fred A. Henning, Dr, William W. Peet, Lyman C. Smith, Earl E.

REALTORS TO NAME DIRECTORS DEC. 9

Board Hears Dean Smith of I. U. Tell of Trip.

In an election Dec. 9, the In-

choose directors from six candidates announced today. Candidates are William G. Albershardt, Bert L. Edwards, Howard W. Fieber, T. N. Meredith, R. E. Peckham and Guy H. Williams. Dean H. L. Smith, Indiana University education school professor, | yesterday described to the Board his | trip to the World Federation of Educational Associations sessions in

Japan last summer, Mutch, Mr. Roggie, John D. Hughes,

CORN STALK WINS | Mr. White, Cedric Golding and HOOSIER ACQUITTAL Rei Hamin. CAMPBELL TAKES ~ MARMON CO. POST

NOBLESVILLE, Nov. 12 (U, P.) — A piece of cornstalk an inch longer than his shoes today had won the acquittal of McKinley Clark, accused of burning a barn in north- | C. Alfred Campbell, Tndianapolis,

western Hamilton County. | today assumed his duties as 3 y a ! Ss genDuring the fire the tracks of the |...) ‘sales director of the Marmon-

person who apparently fired the ' yerrington Co. following announce- |

barn were measured with a piece of | ment of his appointment yesterday cornstalk by the Rev. Addison Parr. |'by Bert Dingley, vice president. Mr. Clark's attorney showed the jury | “The Marmon-Herrington Co, re-

» fe. « T—

ga Fh

FRIDAY, NOV. 12,

tory

man for the Pastern United States | Street Journal president, chairman dent of DePauw's Joint Board of the

region.

Fred D. Gacon, '16, Chicago, chairman of the Cook County district. \ Richard P. McGinnis, '22, attor- | ©. C. Hull, Rex Manufacturing Co., | preliminary subscriptions before the

ney, Evansville district,

Kenneth ©, Hogate, ’'17, wall |

AY RC pniveriary SALE!

(TVR VF Ne”.

NATIONALLY FAMOUS MAKE

ON SALE for the

sary.

offered.

that the stalk was fully an inch | cently purchased the entire plant

longer than Mr, Clark's shoes, | and machinery of the Duesenburg

The jury indicated the stalk cre- | Motors, Inc,. located at Harding and ated a “reasonable doubt” in their | minds and brought in a not guilty | verdict. |

W. Washington Sts,

———————————

MASONS END CONVOCATION

FT, WAYNE, Nov. 12 (U. P.).— | An estimated 1200 Masons attended |

semnresson | Fountain Square Furniture Store Offers Real Savings on These Specials

brought to a close the three-day convocation of the Scottish Rite Masons of the Ft. Wayne Valley,

Wa (dl

88 oF

[

Hemisphere. Despite the apparent resemblance between some features of the new corporate state and Fascist systems in Europe, the United States was on record for strict adherence to the principle of “noninterference” in the affairs of other American republics. A The key to the United States’ at- || titude was the provision of an || agreement adopted at the Buenos | Aires peace convention in 1936, and |] ratified later by the U. S. Senate. |] It said that the American re- |] publics “declare inadmissable the intervention of any one ‘of them, ||

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