Indianapolis Times, Indianapolis, Marion County, 7 January 1942 — Page 18

PAGE 18

59 Billion Budget Largest in All History: Public Debt to Top 110 Billion in June, 1943

Amount Sought for Arms Almost Doubles Total Cost of

Last World War; Million Reduction Made In Civil Function Spending.

By RUTH FINNEY

Times Special Writer WASHINGTON, Jan. 7.—The biggest budget in the history of the world went to Congress today. It was a $59,000,000,000 budget—310,000,000,000 bigger than the public debt as of last June 30. Of the total, $53,000,000,000 is for war. This is more than twice the $24,000,000,000 war expenditure in the current fiscal year. And the 33,000,000,000 to be spent for war purposes by Government rare ES rurce and little will be made public from corporations will boost the =~ & or i i aE em war budget in fiscal 1943 to that expenditure of $6.849,359,000 is $56.000,000,000. contemplated for the Navy; $18,The public debt will be $110.421,-7518.615.000 for the War Department:

038,997 by June 30, 1943, the budget $7:500.000.000 for lend-lease. estimates, even if Congress levies] Ordnance expenditures are

$9.000,000000 in additional taxes. |StePped up from $2.003.433.000 this 2 | year to $7,003,633,000. Appropriations for the Army air Of the war expenditures, little| forces jump from $2.190,000,000 to detail is included in the budget. | | ss.000.000.000.

Ch C | , The Navy proposes to spend

MoM for its Bureau of Aeronautics, compared with $730.000,000 To Relieve Misery ICKS Rub on Tested NfVapORUB + x =

this year and only $190.700.000 last | The World War cost us about

year. | $29.000,000,000.

= =

The Maritime Commission gets $980.380.000.

Keep Up With the Latest 3

Coiffures Se } | Civilian Work Cut miTcHELL hh Sut] | Beauty Shop S$ $F 343 Mass. Ave.}P

= =

The new budget provides a little less than $6,000,000000 for civil functions of Government. The President says the staffs of most of the regular departments are doing war work. Expenditures for other than direct | war charges are reduced slightly | more than $1,000,000,000—excluding {debt charges and Social Security| grants. Both of the latter increase automatically. However, the billion-dollar saving | tentative. It does not include {money for parity payments, though i | the President asks contract authori- | zation for such payments. He hopes {the price-control bill will pass so quickly that prices of things bought by farmers can be kept down while agricultural incomes are rising, un- | til parity is achieved without pay-| ments from the Government. | Also tentative is the $465,000,000! budgeted for WPA. A specific request will be submitted later. The budget includes $100.000,000 for aids to youth. =

Co-operation Needed

l | The billion-dollar saving is also | dependent on' co-operation by Con|gress in holding down public works and Federal-aid highway expenditures. The budget contains nothing for the rivers and harbors projects pending in current legislation. It contains $578,000,000 for public | works, but includes only projects necessary for increasing production of hydroelectric power, for flood control, and for river and harbor work related to military needs. The budget can be kept to its present level only by prompt passage of the price-control bill, the President warns. It is based on a “moderate rise in prices” during fiscal 1943. But if the bill isn't passed in time to keep these rises to a moderate level, it will cost the Gcevernment miilions of dollars. =

is otal 111s h

I acum |

= 2

Western yr LEU . 3] DiPHONE

rakers of

IELEPHONES

What a thrill it is to hear clearly—to live fully again —with the help of Western Electric's new Ortho-tronic vacuum tube Audiphone! Many hundredsof men and women with impaired hearing are enjoying that thrill today.

Why it’s better

Designed by Bell Telephone Laboratories, the Audiphone has many features that contribute to easier hearing. Tone Discriminator enables user to understand more easily in noisy places. Overload Limitation prevents unpleasant blasts from loud sounds. Stabilized Feedback gives a vibrant, Hving quality toreproduction of speech and music. Sealed Crystal Microphone is stabilized against changes in temperature and humidity.

Try the Audiphone An audiometric test enables us to recommend the model best suited to your needs—either the Ortho-tronic vacuum tube type or the Ortho-technic carbon type. Call at your convenience and try the new Audiphone. No obligation.

® ”

No Ration Cards

No consumer ration cards “at present,” says the budget message. The President appeals for voluntary co-operation and no hoarding. But he talks of extending at once the]

level, preventing accumulation of large inventories by business firms. } ' = = The Goveinment had to pay 44 per cent for money it borrowed to

Hearing is Believing!

AUDIPHONE CO.

of Indiana

(116 Fletcher Trust Bldg. | L1-5098

| Today it pays an average of about 212 per cent.

#2 =” =

FBI funds take another jump—due to war dutjes. $3.880,000 increase.

My Buddies were amazed FIR vitality...

~a marvelous change can be brought about by overcoming miserable

upward

Digestive Complaints, Underweight, Sluggishness and Loss of Appetite— All by Two Important Steps—

Restore vital digestive juices in the stomach . . . energize your body with rich, red blood. Here's how!

If you are one of those unfortunates who have worked under a strain, failed to eat the proper foods, have been vexed by overtaxing worries, or have suffered with colds, the fiu, or other illness , , . yet have no organic trouble g or focal infection...and your redblood cells have become reduced in vi- B33 tality and number... if your stomach 3 digestion refuses to work properly, then ; Bete} iB what | should help you! c is especially des! nia back Sgacient | i fy ab ve and s ate those He juices which the food so your proper use of it in rebuilding worn-out tissue. These two important results enable you to enjoy the food you do eat . . . to make use of it as $ Nawure intended. TH you may «+. Pep

1 1 | ]

Tv ss drt 3 ter body tone . . . muscular and mental freshness! Because 8.8.8. is in liquid form it begins Jit WOES soon as you are Surprising results may be had bY uaz. ing ne S.88. Heatnont a part of dally diet. Thousands and tho users have testified :

Build sturdy health when you tone up the sto its digestive juices flowing th ana should enjoy again that old-time for food . . . stomach digestive misshould S.8.8. Tonic also

get new ‘For Fou sho zest

si . *

Taxes

June 1917 1918 1919 1920 1925 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941

Source Corporate Taxes Individual Income and Estate

= n »

# ® #

Major Revenue Sources

WASHINGTON, Jan. 7 (U. P.).—Development of major sources of Federal receipts compared with fiscal year 1940, as revealed in President Roosevelt's budget speech:

(Indexes, 1940 Equals 100)

1940 Actual

All Employment TaXeS veeeeecene Excise Taxes Miscellaneous Receipts ccecceeee Customs Duties Gross Receipts c.cccecenene (x) Excludes return of surplus funds by Government corporations.

seccccece

Spending

Expenditures 30 ase ...$ 1977,681,751 12,697,836,705 18,533,894,705 6,482,090,191 3,529,643,446 3,848,463,190 3,994,152 487 4.219,950,339 5,274,325,513 5,306,623,054 7,243,724,625 7,375,825,165 879,798.257 8,001,187,347 7.625,822,158 8,707,091,580 .. 8,998,189,706 «oe. 12774,890.323

eecscs een

system of rationing on the business]

finance the World War of 1917-18]

It gets a |

1942 (Est)..... 30,675,756.162 1943 (Est)..... 59,027,992,300 (S)—Surplus.

YOUR TAX BILL MAY BE $206

President r— That Sum From Every One To Meet Budget.

By MARSHALL McNEIL Times Special Writer WASHINGTON, current fiscal year the Federal tax

‘bill is running about $98 for every

man, woman and child. In the next fiscal year, under laws already enacted, this will rise

to about $137. But if tax laws are changed as the President recommended to Congress today, the per-capita bill in the next fiscal year will be about $208.

Under his budget, the total Federal revenue would mount to about $26,852,000,000 in fiscal ’43, beginning next July 1, and on this basis we would be paying as we go for a little less than half the $56,000,000,000 war program the President has ordered.

7 Billion in New Taxes

“I believe,” “that $7,000,000,000 in additional taxes should be collected during the fiscal year 1943. Under new legislation proposed later in this message, social security trust funds will increase by $2,000,000,000. This new means of financing would provide a total of $9,000,000,000 in the fiscal year 1943.” Mr. Roosevelt did not spell out the $7,000,000,000 tax program. He will do that later, he said. But his discussion of possible tax sources indicates to some at least that he has a combination plan in mind. side from his proposals for greatly increasing the scope of social security coverage, his message hinted that the remaining $7,000,000,000 {could be raised by a program which imight include these taxes: 1. Additional income taxés to be withheld at the source. The Treasury is on record for a 15 per cent withholding tax on all salaries and wages. :

Wants Luxury Levies

Jan. 7—In thel§

1942 1943 Estimated Estimated 328 * 519

1941 Actual 173

275 143 167 90 106 216

405 209 184 106 85 300

136 111 128 x) 70 112 134

100 100 100 100 100 100

Compared

WASHINGTON, Jan. 7 (U. P.).—This table gives Federal spending and revenue from the World War I period to World War II, showing also! the deficits or surpluses for the various years:

Year Ending

Revenues Deficit $ 1,124,324,795 3,664,582,865 5,152,257,136 6,694,565,389 3,780.148,685 4 033,250,225 4,177,941,702 3.317,233,494 2,121,228,006 2,238,536,180 3,277,733,940 3,800,467,201 4,115,956,615 5,293,840,236 6,241,661,226 5,667,823,625 5,924,836.402 7,607,211,852 11,942 993,000 23,487,200,000

$ 853,356,956 9,003,253,840 13,370,637,569 202,475,198 (S) 250,505,239 (S) 184,787,035 (S) 183,789,215 (S) 902,716,845 3,153,097.507 3,068,266,874 3,965,991,685 3,575,357,963 4,763,841,642 2,707,347,110 1,384,160,931 3,542,267,954 3,611,056,036 5,167,678,471 18,731,803,162 35,540,792,000

Congressional resolution — to take more when more was needed for various reasons, and to take less Men less was needed. For fiscal ’43, if the President's [song are made law, tax receipts will total about $26,852.000,000.

THE INDIANAPOLIS TIMES Judge Entries in Hoosier Art Salon

EMPLOYEES ASKED T0 PURCHASE BONDS

The “salary allotment plan” for purchasing defense bonds and stamps will be placed directly before workers in Indianapolis soon. Each worker will be given the opportunity to specify the amount to be deducted from his salary by his employer for the bonds. The employer will purchase the bonds and stamps in the employee's name. Governor Schricker has called some 500 of the larger employers in Indianapolis to meet with him and the Marion County Defense Savings Staff to work out plans for the enlistment of employees to purchase bonds and stamps under this plan. At a luncheon Saturday in the Claypool Hotel this group will hear the plan discussed by Boyd Fisher, representative of the Treasury Department. At the luncheon will be 160 volunteer workers who will carry the

employee.

Hoosier Art Salon judges .. . Left to right:

Dickinson. 2

Four nationally prominent judges sat in the auditorium of the Wm. H. Block Co. today, and began the two-day job of judging almost 800 works of art, ranging from oil paintings to sculpture, and including etchings, charcoals, water colors, and covering all subjects. These were the entries in the 18th annual Hoosier Salon, which is being held in Indiana for the first time on Jan. 19. The competition

Herman Wessel, John F. Carlson, Harvey Emrich and Sidney

800 [tems Shown at Block's In First Exhibit in State

Sidney Dickinson, New York, also a National Academy member, and one of the outstanding landscape painters of the country. The two lay members of the Salon are Miss Helen Whitcomb, Shelbyville, council president of Kappa Kappa Kappa, and Mrs. Paul L. Morton, Lebanon, grand president of Psi Iota Xi. The Indiana Artists’ Club will give a dinner this evening at the Hoosier

plan directly to the employer and |

Athletic Club in honor of the judges.

TIRE CHIEF TO SPEAK

is sponsored by the Hoosier Salon Patrons’ Association. The judges are Herman Wessel, director of the Cincinnati Academy James D. Strickland, state direcof Art; John F. Carlson, proprietor ; . : of the Carlson School of Landscape tor of tire rationing, will talk at Painting, Woodstock, N. Y. and a|7:30 p. m. tonight to competitors in member of the National Academy of | the 4th annual Interfleet Safety Design; Harvey Emrich, Indianapo-|Contest in the World War Me= lis, formerly a nationally known |morial. He ‘will explain the rationillustrator and more lately re-|ing program, and how it will affect |nowned as a landscape artist, and|commercial driving.

This is the measure of the $9,000,000,000 in additional taxation Mr. | Roosevelt proposed in- his message. |

the President said, !

‘1. A “selective excise tax” on sales [tax. 3. Additional excises on luxuries and what he called ‘“semi-luxuries,” to curb sales of goods, the manufacture of which competes with the war effort.

exemptions.

6. Closing unspecified loopholes in

time giving

all future securities issued by state and local governments. The President gave a section of

§ | his message to the need for flexible

taxes. Asks Flexible System

“Our fiscal situation makes imperative the greatest possible flexi-

t | bility in our tax system,” he said.

“The Congress should consider the desirability of tax legislation which makes possible quick adjustment in the timing of taxerates and collections during an emergency period.” This was taken to mean that he

¢ had in mind enactment of a law t | with a series of progressive tax rates

which could be put into immediate operation by passage of a simple

Check Itching First Application

Agonizing itching of ugly eczema, Rash,

al matter in soluble

4. Increased estate and gift taxes. | to be attained by lowering present :

5. Perhaps some changes in the t | excess-profits tax.

existing tax laws, and at the same some relief to small companies, especially those now pre-| cluded from paying off their debts.! 7. The taxation of the interest of

WEDNESDAY, JAN. 7, 1942

HOOSIERS LAUD FOR'S MESSAGE

{We Can and Will Do It,’ - Sums Up Attitude of State Delegation.

Times Special WASHINGTON, Jan. 7.—Hoosiers in Congress today were unanimous in their conclusion regarding President Roosevelt's state of the union at war speech today. | His prescription for expending 56 billion dollars for 60,000 planes, 45000 tanks, eight million tons of shipping and 20,000 anti-aircraft guns for 1942 and 125,000 planes, 175,000 tanks, 10 million tons of ship~ ping and 35,000 anti-aircraft guns in 1943 met with a single response { from the Indianians. It was this: “We can and will do itr” Rep. Forest A. Harness (R. Ind.), member of the House Military Af= ‘fairs Committee, summed up the case. “We can deliver the goods,” he said. “All we need is to iron out some of the kinks in the admine istrative machinery here and that will release the real productive ma= chinery throughout the states. “A single head with fuil power to act would be the answer,

‘Big Order,’ Says Willis

Terming the Roosevelt plans “a tremendously big order,” Senator Raymond E. Willis (R. Ind.) said: “lI am sure that it has the ine dorsement of every Senator, I heard no criticism whatever, He said we will send our soldiers wherever nece essary to win the war. That fact brings the American people face to face with the realities of the task before them.” Rep. John W. Boehne Jr. (D. Ind.), member of the House Ways and Means Committee, predicted that the new tax bill will “net 10 billions” as a down-payment on the new war budgets. As a member of the House Appropriations Committee handling all of the war hills, Rep. Louis Ludlow (D. Ind.) predicted that the money will be forthcoming for “whatever the experts say we need to win the war.”

THURSDAY AT 9:30! LIMITED QUANTITY! MEN'S

SLIGHT IRREGULARS of 1.55

to 2.00 QUALITIES!

ALL

SANFORIZED-SHRUNK FABRICS!

SHOP EARLY! BUY SEVERAL!

WHITE BROADCLOTHS . . . PLAIN COLOR

BROADCLOTHS . . . FINE WOVEN FABRICS

such as broadcloth cambrays, end-to-end and

madras

ures!

grounds!

ZES 134% to

FAST COLOR PRINTED FABRICS, too! These would be much higher priced if it weren't for the tiny hard-to-find imperfections! Stripes in conservative or multi-

color patterns, box loom checks and clip fig-

11: BUT NOT IN EVERY PATTERN