Indianapolis Times, Indianapolis, Marion County, 14 May 1942 — Page 10

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BIG ERA AHEAD.

[Economist Forecasts Great

Citizens National bank: at Bedford,

BANKERS TOLD

* Social Gains in U. S. When War Ends.

(Continued from Page One)

to curtail most of our liberties. “But by the very negative process which all war implies, it is going to teach us how quickly government can become tyranny, how easily freedom is lost, how great are the

deceits of prosperity, and how dangerous it is for any people to give themselves over for a century to the business of getting rich.” Arch C. Voris, president of the

was elected president of the association. He has been vice president. Burr Swezey, president of the Lafayette National bank, was elected vice president, placing him in line for the presidency next year. Carl C. Hofer, cashier of the Franklin County National bank at Brookville, was elected treasurer. The convention concluded today with addresses by Robert B. Umberger, executive vice president of the Industrial National bank | of Chicago and Deloss Walker, former associate editor of Liberty magazine. Enthused by Higgins’ Ships

Speaking at last night's banquet, Raymond Moley, contributing editor of Newsweek magazine, had much praise for this country’s avia-

Cadet Bombardiers G. E. MacDonald and Carl H. Leonard of Albuquerque, N. M.,, air corps bombardier schoel, check their’ load of 100-pound training bombs ready to be loaded into a B-18 bomber.

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Checking a Load of “Eggs

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tion industry. Mr. Moley, who has been on a tour of aviation factories

recently, said he saw “dive bomb- Mrs. Kern's Auto Keeps on Rolling—W ithout Gasoline

(Continued from Page One)

ers to make Stukas look like popguns; fighter-bombers that carry a load, drop it and become fighters with the speed, fire-power and maneuverability of the regulation fighter.” He was enthusiastic also about the shipyards of Andrew Jackson (“The-Hell-It-Can’t”) Higgins at New Orleans.

that once the speed of a gasoline car served her in good stead. She was visiting a friend last winter and her electric was parked at the

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. heaviest on the street. That’s be-

rolling,” she observed.

curb. They heard a crash out in front and Mrs. Kern hurried to see what had happened. » » f J

Bursted Radiator Slowed Flight A CAR HAD struck the elec tric and torn off a fender. The driver was running away but he

couldn’t go very fast because his radiator had burst. But a couple of young men who had seen the accident stopped and asked ‘Mrs. Kern if she wanted to chase the hit-run driver. Mrs. Kern certainly did. The other car, meanwhile, was several blocks away, but Mrs. Kern and the young men chased and caught it. They forced it to the curb and Mrs. Kern got out to talk to the driver. “I saw right away that he had been drinking. He said he would make good the damage. I told him he was going to make it good right then and there. And he did.” 8 = tJ Took One Lesson With Gas Auto ONCE Mrs. Kern thought she would like to have a gasoline auto. That was when her son, John W. Jr., was mayor. “At that time the traffic accident situation was so bad that John tried to discourage me,” said Mrs. Kern. “But unbeknown to him I arranged for a friemd to teach me to drive. “The friend spent the afternoon with me, but I am afraid I was such an inept pupil that he never offered to give me the second lesson.” Narrow streets and heavy traffic bother Mrs. Kern not a bit. Her car, she says, is one of the

cause of the huge batteries that substitute for an engine. Then, too, the driver’s vision is unimpaired by stream-lines and little windows.

» ” ” Ride in Electric Will Spoil You “ONE RIDE in my electric will spoil you for riding in a gasoline car,” she promised. “You can sit up so high and see so much. Riding in some of these gasoline cars is just like going to bed.” Mrs. Kern has had her present electric for 12 or 14 years. She had the batteries replaced. just before priorities stepped in and that cost her $500. (The original cost of the car was $2950, a price that has varied little in 20 years.) That's been the only upkeep expense, besides $4 or so a month

electric bill required to charge the batteries.

“And if they ration electricity, perhaps I'll just sit in the dark at home and keep my electric

HOME BUYERS,

Attention!

Are You Buyi ying ON CONTRACT?

If So, Refinance— Celtic Monthly Loan Payments

® Reduce Both’ Principal and Interest

® INCLUDE Principal and Interest

® INCLUDE TAXES

and Insurance MARION COUNTY HOMES ONLY!

of Indianapolis

New licome T Tax ‘May Catch 4 The Housemaid and Soldier

WASHINGTON, May 14 (U, P.).—The house ways and means com-

mittee today neared a decision on

In addition Secretary of Treasury Henry Morgenthau Jr. said today that the treasury is studying a proposal for a nominal head tax on everyone who files an income tax return, regardless of the amount of the income. The proposal, suggested by Chairman Walter F. George (D. Ga.) of the senate finance committee, would consist of an examination tax to pay for the cost of examining all returns. Mr. Morgenthau stressed that the tax would be small. The house committee voted, 17 to 7, yesterday to reduce personal exemptions from $1500 to. $1200 for married persons and $750 - tog $500 for single persons. That reaches down to single persons who earn only $9.62 a ‘week and to married persons whose weekly wage is only $23.08. Actually people earning that little would not have to pay taxes, unless the Morgenthau proposal is adopted, because of other deduc-

to cut personal exeraptions so low that many housemaids and parttime workers would have to fille returns next year. Even buck ‘privates in the army—if the pending pay raise to $50 a month is finally voted—would have to pay an income tax.

DRAFT VIOLATOR

terday sentenced

1942 income tax rates after voting

tions allowable — contributions, other taxes and the 10 per. cent earned income deduction. But a soldier under the pending

pay schedule would get $600 a year. If he were single and had no allowable deductions to make other than the 10 per cent earned income deduction, he would have a taxable income of $40. On this year’s rates which probably will be hiked next year — this hypothetical soldier would pay a $4 income tax—$1.60 regular tax and $2.40 surtax. The committee’s reduction of exemptions was a blow to the advocates .of a general sales tax, although they said they would continue their campaign. ! It is definite that persons in the $3000 to $10,000 income range are going to get a big jolt. The committee voted yesterday to retain the 10 per cent credit allowed for earned income up to $14,000.

HOOSIER IS KILLED AS PLANE UPSETS

Capt. Harlan Moore of Elwood, Ind., was injured fatally yesterday when a plane in which he was acting as an observer overturned while landing on an emerge field. Capt. Moore, who was inducted

into the army in January, 1941, with

the Elwood national guard unit, had been aloft to observe the effect of fire by ground troops. The pilot of the plane, Nick Viass, Meridian, Miss.,, was seriously injured in the accident. 3 Surviving Capt. Moore are his parents, Mr. and Mrs. Vern Moore, Rigdon, Ind., and two- sisters.

CAMP SHELBY, Miss, May 14.—|

elling

Just Call Those Yankees ‘Buddy’

SOMEWHERE IN AUSTRALIA, May 14 (CDN) —“It’s safer to call Americans ‘buddy’ than to call them anything else,” advised one Australian newspaper today. Some Australians had suggested trying to incorporate “Yankee” with ‘Anzac” into ‘“Yanzac,” but others said that this was too much amalgamation and no® colloquial enough. Australians have found that occasionally the salutation, “Hullo, Yank,” gets them into unexpected hot water. One southerner responded warningly, “Don’t call me Yank. I'm rebel.”

~

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Jerry Richard] service in.» conscientious objcter® Peare, 23, South Bend, to two years|camp. . i

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SOUTH BEND, Ind, May 14 (U.|he couldn’ make up his mind camp on orders from his local draf$ P.),—Judge Thomas W. Slick yes- whether he would prefer prison or'board last June.

a.

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