Indianapolis Times, Indianapolis, Marion County, 13 June 1939 — Page 4

PAGE 4

WORK SPEEDED ON BILL FOR BAN ON PROFITS TAX

House Seeks Revenue Law Before Nuisance Levies Expire July 1,

WASHINGTON, June 13 (U. P).|

—The House Ways and Means Tax

Subcommittee today completed ten] tative preparation of a revenue bill]

wiping out the undistributed profits

tax and revising other levies to re-|

move business “deterrents.”

The subcommittee’s decisions were|

turned over to the legislative drafting service to be incorporated into a bill. Chairman Jere Cooper (D. Tenn.) said he would reconvene the subcommittee when the bill drafted, possibly late this week. He said the measure may be re-

vised after it comes back in bill|]

form, but the subcommittee has

completed action oh matters now

under consideration. The subcommittee is working against a July 1 deadline, pressing for enactment of the sevenue act by the time current nuisance taxes and

postal rates are scheduled to ex-(f

pire. The subcommittee completed work after making decisions on three highly technical features of the tax laws. Treasury Secretary Morgenthau's recommendations to the subeomsmittee in the line of revisions to remove tax factors about which busihess has complained most follow: 1. Allow the undistributed profits tax to expire Dec. 31, and substitute a flat 18 per cent tax on corpora= tions earning more than $25.000. 2. Let corporations make new eapital stock declarations this year and in 1940—giving opportunity for relief from the excess profits tax. 3. Provide for carryover of net operating losses for two years.

Neutrality Issue Dims

Hope for Adjournment

WASHINGTON, June 13 (U. BP). —Prospects for early adjournment of Congress appeared to be fading today amid increasing sighs of a prolonged Senate debate over heutrality revision. President Roosevelt has been hop-

ie)

A workman dashes desperately

| |

4 LIVES ADDED T0 STATE AUTO TOLL

CONVERSE, Ind, June 13 (U. P).

||<Mrs. Lena Welch, 85, of South

Bend, died late yesterday from injuries suffered when her car collided with an automobile in which Wilma Tucker, 20, and Eldo Prickett, 20, both of Converse, were riding. M Tucker and Mr. Prickett were seri« ously injured and Orin Welch, son o MI% Welch, received minor in uries.

NEW ALBANY, Ind, June 13 (U, P) Two persons died late yester< day from injuries suffered in weekend accidents in Washington Couns ty. They were Bonnie Baker, 7 year-old daughter of Mr. and Mrs, Clint Baker of near Salem, and Alvey Chastain, 62, of Campbells burg. The girl was injured when she fell from a horse and Mr. Chagtain received fatal injuries when his ear was hit by a Monon railroad train near Campbellsburg.

EVANSVILLE, Ind, June 13 (U. P) Bryant Washington, 64, died late yesterday of injuries received when he was struck by a ear near the city water works. He was the 15th fatality in Vanderburgh Couns

| | ty this year,

Times-Aceme Photo, from a collapsing tower of the old

Studebaker plant at Detroit which was recently razed. When wreckers' calculations went amiss workers had to remove bricks from the tower

one at a time until it collapsed. Th

@ worker escaped injury.

2d Day Reveille Finds 11 at G.A.R. Convention

MICHIGAN CITY, Ind, June 13 (U.P) Eleven Indiana Civil War

ing for definite word on an adjournment date so he can complete plans for a swing to the Pacific Coast and Alaska. But legislative leaders today reported the situation uncertain, The House Foreign Affairs Come mittee by a strictly party vote reported a revised neutrality bill elime inating the present mandatory bar on arms exports to belligerents, as requested by Secretary of State Hull. The measure, if passed by the House, was thought certain to arouse Senate isolationists to filibuster tactics.

veterans and approximately 600 delegates of seven organizations allied with the Grand Army of the Republic today went into the second day

of the annual state convention. John N. Stone of Kokomo, coms« mander of the G. A. R, was elected honorary president of the Federated Patriotic Societies at the first meeting yesterday. Other officers named were Irene Compton of Indianapolis, president; Carrie Henshen of Ft. Wayne, senior vice president; Gens eva Arnold of Ft. Wayne, junior vice president; Laura Pahl of Ine dianapolis, secretary-treasurer; Anna Davies of Indianapolis, chaplain; Elvira Webb of Gary, patriotic ine

Senate Majority Leader Barkley (D. Ky.) characterized the outlook as “uncertain” and Senator Norris] (Ind. Neb.) said he saw little chance | of early adjournment and may go, to his Wisconsin summer home at| the end of June regardless of what} Congress does President Roosevelt conferred with Agriculture Secretary Wallace and Senators John Bankhead (D. Ala) and Russell (D, Ga.) concemsing the Agriculture Appropriation Bill which was apptoved by Congress with a total some 8$330,000.000 over White House estimates. Wabash Graduate Chosen CAMBRIDGE, Mass, June 13 Walter L. Fertig. Wabash College student, today was announced of one of 28 recipients of Harvard University scholarships for graduate study. The scholarships total $15,125.

structor; Flora McMahon of Ft. Wayne, counselor; Wilda Snyder of Ft. Wayne, organizer; Ruby Rukes of Terre Haute, color bearer; Latta Via of Indianapolis, press corre spondent, and Pauline Nicolo of Ft. Wayne, musieian, Elected to the council of adminis tration were Nellie Dudee of Ft. Wayne, Ella Hauger of Gary, Daisy Shultz of Indianapolis, and Neil Shirley of Terre Haute. The 11 members of the Grand

Edward MeClelland, 93, of Muncie; Alexander Ormiston, 98, of Ft. Wayne, and BE. H. Cowan, 92, of Crawfordsville, Other organizations represented at the convention ave the Women's Relief Corps, Song of Union Veterans, Song of Union Veterans Auxiliary, Daughters of Union Veterans, Ladies of the G. A. R, and Federated Societies.

FACES SMUGGLING CHARGE NEW YORK, June 13 (U, P). — Mrs. May Hancock Ayer, 85-year-old soctety leader, must appear tomors row for pleading in Federal Court on a charge of smuggling $14,000 worth of clothing and jewelry.

a ee

Army of the Republic present at the | [)

conference include Dr. J. H. Stone, 83, of Kokomo; Dr. Joseph B. Hen-

ninger, 92, of Indianapolis; the Rev. |

V. Barney Stone, 92, of Kokomo; 0. C. Wilmington, 93, of Indianapolis; Frank J. Deluce, 93, of Michi gan City: 8. M. Quaco, 98, of Lafa-

vette; Isaae W. Sharp, 91, of Ware saw; Austin Cutler, 93, of La Porte;

NO PRESSURE:

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In building or remodel.

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LA PORTE, 1nd, June 13 (U. P), =Joseph Milearek, 28, of Michigan City, died in a hospital today of ine juries received Sunday night when his automobile struck a fence post and turned over in a field near here, His death is the sixth traffic fatality in La Porte County this year.

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THE INDIANKPOLIS TIMES

Increase in Ohio Valley Rail Freight Business Forecast by Advisory Board

An 88 per cent increase in Ohio Valley railway freight business for the third quarter of this year over the third quarter of last was fore-

jes [CASE today by the Ohio Valley

Transportation Advisory Board.

The Board, ed of about 300 railway men and shippers, met with the Indianapolis Traffic Club in the Lincoln Hotel in closing sessions of a two-day meeting, At the luncheon, Samuel O. Dunn, Railway Age editor, told the Board that principal supporters of Federal and state governments transportation policies, which he described as “the most imminent menace to private enterprise in this country,” are not New Dealers but “business interests that profess devotion to all private enterprises.” The Board also went on record as favoring repeal of all land grant freight rates to the Federal Govern« ment which railroad men say amounts to $7,000,000 a year. They explained that these rates had been in effect since the 1870s and railroads figure their debt to the Gov=ernment is paid. In estimating the rise in Ohio Valley freight business for the quar= ter beginning July 1, the Board predicted 10 per cent or more rises in seven freight classifications, ith coal and coke, because of the large volume, pacing the gains. Coal and Coke shipments will be

up 10 per cent, the forecast said;

flour, feed and mill products up 106 per cent; lumber and forest products up 18 per cent; iron and steel, another big classification, up 216 per cent; lime and plaster up 102 per cent; autos and parts up 20 per cent; and paper products up 25.4 per cent. Mr. Dunn said in part: “Our railroads are in every sense a private enterprise—they are privately owned; pay all their costs from their earnings; pay large taxes used entirely for the support of the local, state and national governments; and are regulated as no other carriers are, » “Bxoepting pipe lines, ¢lass of commercial entirely a private enterprise. barge line on owned and operated by the Federal Government, is plainly a socialistic enterprise. . . . Commercial carriers on the highways dispute the wellsupported claim that the public pays in taxes a large part of the costs that their use of the highways causes, “But it is beyond dispute that to whatever extent the true and total costs of conducting any business, whether on waterways, highways or any other public property are paid from taxes, that business is to that extent a socialistic enterprise, and

no other carriers is The

inland waterways, |p

pretend to be in favor of a system of private enterprise really mean what they say? One acid test is whether they favor making and keeping all transportation a private | enterprise which can be done only| by subjecting all carriers to equal! regulation and requiring them all to pay from their own earnings all the costs of rendering their services. “And it is another indisputable fact that numerous members of large national and local business organizations, while crying out to high heaven against New Deal policies attacking private enterprise, are opposing every proposal and effort to make all transportation a private enterprise by equalizing regulation and requiring all carriers to pay all their own costs.”

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CAMELS BURNED SLOWER THAN ANY OTHER BRAND TESTED — 259% SLOWER THAN THE AVERAGE TIME OF THE 15 OTHER OF THE LARGEST-SELL-ING BRANDS! By burning 25% slower, on the average, Camels give smokers the equivalent of 5 EXTRA SMOKES PER PACK!

In the same tests, CAMELS HELD THEIR ASH FAR LONGER than the average for the other brands.

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Heavyweight Boxing Champions

From John L. Sullivan to Joe Louis—the life stories and principal fights of each of the men who have held the heavyweight boxing title—are contained in the 24-page booklet now ready for you at our Service Bureau at Washington,

To get your copy of this interesting booklet, send the coupon below, enclosing a dime in coin or postage stamps, to cover ree turn postage and handling costs:

CLIP COUPON HERE

FP. M. Kerby, Director, Dept.

B-171,

Indianapolis Times Service Bureau,

1013 Thirteenth Street, Washington, D. C,

Here's my dime (carefully wrapped); send my copy of the booklet ‘Heavyweight Boxing Champions” to:—

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