Indianapolis Times, Indianapolis, Marion County, 14 August 1942 — Page 3
ILL H
EN BILLION SHORT F ORIGINAL GOAL
Summary of Senate Committee Action Shows Many of Morgenthau’s Proposals Rejected; Prof. Fisher Urges Levy on Spending.
~~ WASHINGTON, Aug. 14 (U. P.).—The senate finance committee today concludes three weeks of hearings on the 1942 tax bill during which it has turned down two major treasury proposals for increasing revenue and has shown indications of lowering some corporation rates. ‘The committee plans a week’s recess to allow its staff to catch up With~technical work connected with the 320-
page measure.
The legislation is designed to increase
federal revenues by $6,270,900,000 a year—raising the total government income to about $24,000,000,000 annually.
Consideration of amendments will begin Aug. 24. The measure as approved by the house falls nearly $2,500,000,000 short of the goal of $8,700,000,000 additional federal revenue asked by the treasury _r% help finance the war. Prof. Irving Fisher of Yale university proposed before the committee today that congress. enact a special tax on spending,
Urges Savings Tax Repeal
At the same time he called for eventual reduction or repeal of all taxes on that part of income, personal or corporate, which is saved. The special spending tax proposed by thé Yale economist would be superimposed for the present on income tax schedules. He recommended specified minimum exemptions from the proposed tax such as $500 for single individuals and $1000 for married couples. Chairman Walter F. George (D. Ga.) of the committee today reiterated his plea for an over-all limitation on profits from war contracts. He said such a limitation was essential to “protect the government and |. people against unconscionable profits.” Morgenthau Seeks Changes Secretary of Treasury Henry : Morgenthau Jr. opened the debate hearings three weeks ago by proposing a series of changes in the House bill to raise the $2,500,000,000 difference between the treasury request and the ures in the house bill. Some of them already have been rejected. Others left open for further consideration in executive session, A summary of action to date shows: { 1. The treasury proposed taxa- ¢ tion of .income from state and municipal securities, estimating that such a move would yield $200,000,~ 000 a year, The committee rejected the proposal insofar as it affected existing issues—totaling about $14,000,000,000, but kept open the question of taxing future issues. 2. The ‘treasury recommended mandatory joint returns for married couples. It estimated that by thus forcing combination of income where both husband and wife work, an additional $200,000,000 annually could be raised. The committee rejected this, and later ruled out a proposal to tax separately the income of spouses in eight community
PLEASE NOTE:
We've put the golf balls at the front door, left, for your convenience!
Strauss Says:
RECOVERED
GOLF BALLS THEY'RE GOOD
We had some of these golf balls tried out—and that's the verdict — " "They're Good!" Liquid Centers— We have several hundred golf balls— and ‘while we have no disposition to fet anyone as to ying— we respectfully suggest that you do not buy beyond a dozen— We would like to distribute these balls—among as many golfers as possible.
35¢ (3 for 51)
| itlary, ‘meeting, Hotel Lin
property states, whose laws permit| §& He
a husband to divide his income equally with a wife who has none
of her own. This eliminated a pos-;.
sible $85,000,000 annual revenue source. In both houses the aim was to make the income subject to higher surtax rates.
Hit Depletion Allowances
Among treasury proposals still to i
be acted on are: 1. Elimination of the existing 274%
per cent depletion deduction allowed |§
oil and gas companies and the 15 per cent depletion deduction allowed - mining companies. industry opposition developed on this proposal, and a group of senators headed .by Senator Pat McCarran (D. Nev.) proposed that the mining allowance be increased to 27% per cent. |
2. New excise taxes on soft drinks,
candy and chewing gun {together | with increased rates on beer, wine, | 3
cigarets, gas, oil, and transportation. House-approved increases| in the excise field fell $426,900, 000 short of treasury proposals. 3. Stiffer estate and alt taxes.
The treasury proposed raising $316,« :
100,000 more a year from this source than the house bill provided. On corporation taxes, Morgenthau and Randolph Paul, treasury general counsel, coupled the final decision on normal and surtax rates with the excess profits rate. They suggested the normal and surtax rate might be increased to 50 per cent. The house hill carries 45 per cent, and many senate committee members feel 40 per cent is high enough. Business | witnesses generally advocated 40 per cent maximum, and the United States Chamber of Commerce recommended 35 per cent. The treasury proposed | a 90 per cent excess profits rate with a 10
pers cent credit to be: refunded after
the war. The ‘house hill no post-war credit.
Senate committee members have
spoken in favor of such a credit, and business witnesses have advo-
cated that anything in excess of 80|
per cent be coupled with such, a provision.
Sales-tax Proposed
There has been little discussion in the senate hearings of individual income rates. The house bill raises the existing normal rate of 4 per cent to 6 per cent and imposes surtaxes ranging from 13 per cent to 82 per cent. The treasury proposed retention of the 4 per cent normal tax but graduating the surtax more steeply, from 12 per cent to 86 per cent. Senate committee members have indicated opposition to the houseapproved withholding tax, under which employers will deduct five per cent from pay envelopes starting next Jan. 1 as an advance payment of 1943 taxes. The hearings developed considerable interest in a pay-as-you-go plan advanced by Beardsley Ruml, chairman of the federal reserve bank of New York, which would in effect “forget” 1941 taxes and put individual taxpayers on a current basis with their obligations to the treasury. Most controversial issue outside the above proposals is the federal retail sales: tax. Its advocates in the committee assert that sentiment appears to be against it at present, but that if changes in house rates result in reduced revenue there might be enough support to put it across as a last resort afiempt to raise more money.
1000 feet.
Strong | 3
It Happened
1 0il Stove, Ready for Discard, Burns Home, New Stove.
AT FIRST, Mr. and Mrs. John Sparrow, 3152 Lesley ave., needed a new stove to take the place of an old oil burner they had been using. They got the stove all right—a brand new, shiny electric one— but after what happened today, they need another new ‘stove and a house as well, The Sparrow’s fears of the old oil stove were realized this morning shortly after Mr. Sparrow had left for work. Mrs. Sparrow started: to fix breakfast for her two children, Bobby, 3, anc Gary, 2, when she had to go to the grocery. AS MRS. SPARROW walked home, Bobby and Gary came running down the street, excited, and shouting that the house was on fire. Something had happened to the oil stove and in no time, the house was completely destroyed, along with most of the family’s clothes and furniture. Oh yes, the new electric stove, which was sitting in the kitchen ready to be installed, was lost in the fire, too.
FORT DANCE TONIGHT There will be informal ' dancing and bridge at the Ft. Harrison service club tonight. Service club hostesses will be in charge.
Vul tee Bomber Shown Here
The Vultee Vengeance dive bomber taken in flight at more than 300° m.p.h. was just a speck on the camera negative when, taken at The plane was demonstrated this morning at municipal airport before state and city officials. Lieut. John West, arhy test pilot from Nashville, Tenn., was at the controls,
State and city officials crowd around the Vultee Vengeance dive bomber on demonstration this morning at the municipal airport. Here some inspect the landing gear while others crouch to look into the bomb bay where bombs are housed. familiar white hat, is Governor Schricker.
‘in - three weeks, although he. ex-
< NAVY CONTROLS STRUCK: PLANT|
President Orders Action
Aiter N. J. Workers Walk Out.
BAYONNE, N. J., Aug. 14 (U, P).
commander-in-chjef, President Roosevelt, seized the General Cable Corp. plant today to end a wildcat] strike in. defiance of the war labor board. Rear Admiral Harold G. Bowen, U. S. N., announced that he has
days.
operating the Federal Shipbuilding
i | & Orydock Co. plant at Kearney,
In the foreground, under his
TEST SIREN AT
“THE MONUMENT]
Defense Plans Call Installations on Every
Other Downtown Block.
A ‘two-horse power electric air raid siren was to be tested at the Monument today, following a civilian defense office announce-
ment that this type of alarm has|
been chosen for downtown warning signals. They said the plan decided on will call for half-horse power sirens every other block in the downtown section, a two-horse power sirén for the Monument and steam whistles for the residential sections of the city. They added, however, that sirens probably would be put on the North side, where it is felt that factory whistles would be an insufficient
warning device.” The half-horse power sirens, officials, said, are to be tested tomorrow on Washington st. between Delaware st. and Senate ave. One worker said it was hoped to have the warning system for the city set’ up and ready to operate
pressed doubts that the goal could be reached. Priorities on materials, he said, is impeding the installation
for|
N. J. from Aug. 25, 1941, to Jan.
| 6, 1942, when that plant was taken ‘lover by the navy because of labor
difficulties. Ten army men, including seven officers, entered the plant between midnight and 2:35 a. m. A detachment of marines, with state troopers and military police, were taking over soon after dawn.
Vote to Return
The strikers, informed at a meeting that the navy had taken: over the plant, voted almost unanimo ly to return to work on the 4 o’elock shift. The prompt action of President Roosevelt forestalled a strike at the Perth Amboy, N. J., plant of General Cable Corp., which employs
1 2700 workers.
‘Workers who already had voted to strike and twice advanced the dead-
-| line, voted 115 to 50 last night “to
abide by the war labor board’s decision.” ‘ Ignore Leaders’ Pleas Pleas had failed in the case of the local strikers. The WLB had asked them to “remember our boys fighting in the Solomon islands.” President William Green of the A.
dent of the Electrical Workers union, had besought them in vain to call off their strike. They voted yesterday—despite notice that the plant would be seized —to continue the strike. Almost
Cable Corp. plants, wire and eable, goes to the armed forces, principally the navy. The WLB reported that the cause of the strike was “solely dissatisfaction of the workers with the decision of the national war labor board denying them a general wage increase.”
Football Team
Trains in 'Field'
WASHINGTON, Aug. 14 (U. P.)—The « high school football team of Fitzgerald, Ga., was hot, weary and footsore today—but not from playing a game or even a hard day’s practice. ~The 30 squad members, except for three injured in an accident, formed a labor battalion—“American style,” they said—and went out into the Georgia peanut fields to “shake goobers” and re= lieve the farm labor shortage. Divided into three “task forces,” the football players forgot practice and worked on “blistering fields” to replace men called to the army, although orly one squad member was experienced in farm work, the office of war information reported.
Say 4 Russians Stop 15 Tanks
MOSCOW, Aug. 14 (U.P.).—The newspaper Red Star in an editorial today told of four Russian guardsmen, armed with two antitank rifles, who found ‘themselves in the path of 30 enemy tanks: and armored cars which had.
a point on the Kletskaya front. As the tanks advanced, the four men embraced ‘each qther, took an’ ~oath to fight to the death, and then opened fire. After they had knocked out 15 tanks, Red Star reported, the remaining 15 retired, and the four
of sirens.
men emerged alive.
IN INDIANAPOLIS—VITAL STA TISTICS
Here Is the Traffic Record FATALITIES
County City Total 41 44 85 54 78
se
—Aug. 13—
Accidents ... 10 | Dead THURSDAY TRAFFIC COURT
Cases Convic- Fines
Tried tions Paid 28 $228 5 :
through street § Failure to stop at
GS TODAY Indiana department, American Legion, annual state convention, legion headquarters, all day. Eight and Forty, American Legion auxLincoln, all day. Indiana State Bar asseeiation, annual meeting, Hotel Lincoln, all Say. Legion “suxiliary of Indiana,
Tatars vention, ngs! t wa sf con uHiRESs mee ‘at war memoria)
1, all day
Employment security division, luncheon, Hotel Severin, noon. Exchange club, luncheon, Claypool hotel, noon.
noon. Phi Delta Theta, luncheon, Canary cot tage, noon. Kappa Sigma, luncheon, Canary cottage, noon. Delta Tau Della, club, noon.
luncheon, Columbia
MusNGS TOMORROW can Legion, state convention, Clay-
ion oro all day. American Legion gully, state convention, war memorial, all Hoey & > ane s & 40, atate convention, coln, all day. Indiana Youth’s ce. counbil, smoual meeting, Cetra XW Chall day.
149th Ambulance Co. Veterans’ association, annual reunion, Athenaeum, noon.
‘Nature Study club, annual corn roast, Woollen’s gardens, Irn n Ee Old Glory’ society boar. Children of the American Revolution, Plate, Holliday park, 5 to 8 p
Kappa Epsilon, n, | versity chapter - members, Meridian THis Country club, afternoon and ng Phi. chapter, Alpha Delta Pi and actives of Hanover: ‘college, n, Claypool, hotel, noon,
MARRIAGE LIGENSES
the Seunty Soure_ house. tor and ce yeutibis 19¢ store
Daniel L. leton, 26, Stout’ field, Claire Loti Sh Los 4
E Sigma Chi, luncheon, Board of Trade,
Indiana any * association: of Delta] . party for DePauw uni-|cent’
“These lists are trom officias records in| es, |
Beulah Johnson, 22, of 13 N. Capitol. . Owen. Streeval, 36, of 307 Susanna M May Coonfield, 4, of: prririgg
ashington. Edward D. Dimmett. ‘22, of 8025 GlenGlover, ' 19,
: 3, ‘State Fair Deitemeyer, 20, of
‘James M. Jones, 19, ot 3542 Greénwood; Medra Odessa Young, 17, of 2140 Wendell David N. Tipton, 20, of 62 Church Erika Annamarie Braf, 20, of 960. Camer-
*Harol4 Dewey Jhaoid, 43, of 338 Treaine, Kenmore, N. Y.;| Bessie 245 Massachusetts.
phine Larolieiis
, 37, of 2444 N. Charles A 55;
Meridian; of 218 Berkley eo
1407 N
Richard Black, 2 New . Jersey: Susan A, Stipowel, 18, of 138 N. :
New Jersey.
58 ge Bosal: 3 Meter, 23, of 6658 Colle
Rose, 45, of | Lacy Campbell, 36, of: 4120 E. 21st; Jose- | . Olney.
- William, Lucille Brooks. a! t 830 Mortis. Lucius, Elizabeth om ak 2 gl Elmer, ‘Margaret Swailes, at
; . Boys. . Robert, Elma Milhom, ‘at st. Vincent's, ‘Hoskins, at Methodist LaVerne, °
TO! Margaret Cooper Forrest, Verna Morrow, at Colem Muril, Fern ATionsk: ab OY
George, Ada t City. Leo ema Garflel a St. Francis. Willi Charlotte * .
—The navy, under orders from the|.
taken possession of the. plant and| that it will reopen at 4 p. m.. The} plant had been closed for three|.
- Admiral Bowen had charge of|
F. of L. and Edward Brown, presi-|
the entire output of the General]:
broken through Russian lines at’
BY EARL RICHERT
Ana THAT there is by remaining at a » cnés who have gone
andpoint, really starts r every politicallyon in both parties un- ; of 45 has his irons ‘or some sori of a Job med forces. ition has party heads tL as businessmen are ut the loss of person18 party heads it will ny instances that they , place new candidates kets. . » » »
oters’ Choice 2 THE voters it will
ave to choose between 4 ates neither of whom i, om. the ballot by the ‘primal ; The about « county resigns ¢ forces, Small, (/s county Democratic
a umber of others are
waitin / #il the fall election i over h:fc joining. Can: ic 3s for offices, generally speaki1z re going about their “joinir y+ very quietly in order. to preter their county commite tees f: ©» D»eing: pestered by per= sons 1°: g to be placed on the ticket in eir place. » » »
lacker’ Charge
MINEE for prosecutor to receive a commisined his reasons for
ar urge covers just A number of already have: nter the armed
Fear: ONI 1 who i ¢ sion x gettin: A he wo: cost h mn “WT yt mone} year 1s charg: be bre 2 o@ng 3 Ame ns cians it forces resign 1. state « liam I: . of the his lax air corp Inlfa ing, ¢ © date, hz navy i exists board b tered th Ove’ c resign 31 But what is
Enlist: RO" « tel arc) fourtt to join Sen ii the cs: charg: © guard =i He ©: that 1¢ tend legisls ti! Oth: in th: .Bever: tz " ‘both if WwW. Hu
ATT) % FI AF BE. Lui Indian: or a petit or control ar candid: ie sioner. Mr. lio schools uate 0 ¢ troit Cc! Law st Indian ; ‘Amo if? platfor 1»
ot primary fight which lot of money, thusly: would I spend more
and be open to the it undoubtedly would up against me later of acker’?” he better known politihave joined the armed James M. Tucker, who cently as secretary of in the navy, and Wilner, president pro tem state senate, who quit actice here to join the
0. P.: legislative candileft to serve with the a Republican vacancy -the - county, usex Kelso Elliott enArmy. ‘ lozen prosecutors have roughout the state. - is only a sample of . come. # ” ®
n Coast Guard
NRAD, Monticello hostaurant owner, is the sublican state senator :» armed forces. Jonrad has enlisted in guard and will’ have . commissary at a coast lon. een notified, however, '1 be ‘given leave to at.oming session of the
O. P. senators who are med forces are Albert
dianapolis, and Harold v, La Porte.’
IEY TO RUN
versity.
> ones who will go within the’ ‘next few months as We war,
- in . many instances
the ticket, even though °
ing elected to a two-
n county, Frank Down-:
election
and Edward Green,
SCHOOL POST
Moore, an attorney in ; for 16 years, has filed ith James E. Deery, city ‘as an independent or city school commis-
5, who has offices at 157 st., attended the public hicago and is’ a gradaloosa college, Ia., De2 of Law and Indiana He did special work at
e items in Mr. Moore's one calling for more
no surer way of dashing political ‘home in time of war for legitimate
, Indiana’s young politicians are going off to war. |
so far will be only a handful comrolling. : *
1ST RALLY SET BY DEMOCRATS
Fire Opening Guns at Editors’ Banquet.
~ @overnor Schricker and Winfield K. Denton will be the headline
speakers at the kickoff event for the Democratic fall campaign, the Democratic Editorial. association ‘banquet at the Claypool hotel Sept. 12. Frank G. Thompson; association president, said the addresses, by the governor and Mr. Denton, the party's secretary ‘of state nominee, would sound the keynote for the fall campaign. Named by Mr. Thompson to assist in making the arrangements for the event are the governor, State Chairman Fred Bays, Paul L. Feltus, Bloomington, past president’ tof the editorial association, and Ray 'E. Smith, executive secretary to the governor, Other committees named by Mr. Thompson are: Luncheon Meeting ‘for Editors— John ‘A. Watkins of Bloomfield, Hugh A. Barnhart of Rochester and Harry R. Diehl of Brazil. Registration and Reservations— Curtis ‘G. Hostetter of Rockville; Robert P. O'Bannon of Corydon, A J. Huering of Winslow, Ben Kaufman of Spencer. and Russell E. Wise of Union City. Resolutions— Walter S. Chambers of New Castle, John H. Heller of Decatur and Frank Robwris of Fort Wayne. Dance — Marion T. Ayers of Shelbyville, Wray E. Fleming of Indianapolis and William A. Kunkel Jr., of Fort Wayne. ; Ladies’ Entertainment — Mrs. Henry PF. Schricker, Mrs. Edna Bingham, Mrs. Barbara Kinnally, Mrs.: Kathryn Coleman and Mrs. Ray E. Smith, all of Indianapolis; Mrs. Margaret Afflis of Delphi and
Sullivan, Publicity—Marc G. wvagzerier dhe Dudley A. Smith, both of Indianapolis; Harvey W. Morley of Angola, Scott B. Chambers of New Castle, George D. Crittenberger of Anderson, E. C. Gorrell of Winamac, John H, Heller of Decatur, Bernard McCann of Lawrenceburg, Herbert. H. Harris of Greenwood, Daily Hudler of Noblesville, Charles P. Morris of Salem, Adams of Columbia City, William PF, Cronin of Terre Haute, Dan L. Barnhart of Goshen ‘and Alvin Hall of Danville. The ticket sales will be handled by Charles E. Skillen of Winamac,
committee. In past years, the fall | meeting of
it was changed to Indianapolis because of the Vansporiation problem,
® Seversky Gives eo Edge to Allies NEW YORK, Aug. 14 (U. P.).— The outlook for a united nations victory in the Solomon islands is favorable, Maj. Alexander P. de Seversky, aviation authority and United Press air analyst, said today. Maj. de Seversky, arriving at La Guardia airport, said the allied forces are fortunate that the area of conflict is within striking range of their land-based planes. “The Japanese have a shorter line of communication, and it will require a preponderance of force for us to be successful,” he said. “Since, however, ‘we:
Schricker and ‘Denton to]
Mrs. Eleanor Poynter Jamison of :
James. D.}
secretary of the Democratic state]. .
the editorial association has been | held at French Lick but this year
Tra Jesse, Edith Bla . . nkenship, at 825% Ss.
y A Coleman.
adeque :: childre . “Due «¢ school £7 l childre r | N-! advan : 1 high ¢ childr: : spects. , school | children
hool facilities for Negro
1e fact that the present m is a dual one, Negro g put to an unfair disMr, Moore said. “The L ‘set apart for Negro inadequate in many reIf we must have a dual ‘tem, one for white| id one for colored, the| : should be equal in pro- '\ the schools should be
are working under the protection
‘of land-based planes the conflict
has a good ‘chance of being suecessful for us.”
CG EAGLE is
othe schools should be oregi's
STORE HOURS ON SATURDAYS ME 9 TILL 5:30 oN MONDAYS
12:15 TIL
IF vous: come INTO UNCLE SAN'S ARMY OR NAVY
—Or are already in.
You'll find that the Military Shop on the Third Floor is the
; “Order of the I Day!”
There is practically everything te outfit ‘a man in evety Branch of Service— from head to foot — (from Dobbs caps —to Hanan Oxfords) + Uniforms, Blouses,
. Shirts, Slacks and
Pinks—Insignia of about gvery
~~ desoription— " - “White Uniforms,
also Khaki (Work).
Uniforms.
You can depend on it—THAT PRICES ARE VERY = MODERATE!
AND INCIDENTALLY —The Man’s Store is air cooled—and very comfortable,
AF me vor
WEATHER 15. GETTING
“WEARISOME uw ww Try Wearing Some.
with prices that
a>