Indianapolis Times, Indianapolis, Marion County, 18 October 1944 — Page 10

that government tax policies

“Suppose you want to buy some machines of a certain type,” he says. “The federal tax men say they should last 20 years before wearing out or becoming obsolete, So, each Fear Ir for 20 years, you will be allowed to deduct 5 per cent of their cost from the profit figure on which you must pay taxes, and to keep the money thus saved to help pay -for replacements 2 some day, “The whole inMr. Budrow centive there—if you buy those machines—is to keep them in use for the full 20 years, no matter how inefficient they may become. But there's a big chance that you don’t buy them, unless you're a big, well-established corpo-

J] 73

't know what will happen to you in 20 years. And the banks, which might be quite

to lend you money for that was to be depreciated , certainly would be less willto lend on a 20-year deprecia-

ell, why should the government Want to discourage you from buying few machines, or, if you do buy them, to encourage you to use them fintil they wear out and become useless? The answer is that the govemment shouldn't want anything of the kind.” “It should want you to buy those machines, to use them only until better machines are available, to keep your factory right up to date, to hold down your production costs and the prices people have to pay for your products, to widen your market and increase your produce tion, to employ more people and pay them high wages, to earn larger profits and out of them pay more taxes, which the government most certainly will need. “The government gave an incen-

5% 3 fF

many of them would have been un-

should realize that there are risks in peacetime, too, and that there _ Is need for incentive to produce peacetime goods and jobs. “Mr. Byrnes has a tremendous idea that would give this country a great push toward lasting prosperity and abundant employment. We shouldn’t stop with considering this idea. We should adopt it and put it into practice—now.”

LOCAL PRODUCE

wy breed hens, 220. Leghorn hens, Broilers, fryers and roaster, under 5| Ibs, white and barred rocks, 26c; colored springers, 23c¢; leghorn springers, ale. Old roosters, léc. Eggs—Current receipts, 33c: Grade A large, #ic; grade A medium, 40c; grade A small, 26c. No grade, 33c.

Encourage ‘Replacement of

(Continued From Page One)

production costs, translated into prices that bring industrial joucts within reach of more, and more, and more cus-

Be many other industrialists, Mr. Kaiser believes|}

have strongly discouraged the buying of new machines.

hn ¥ "| James Grubbs, Greenwood, vice

able to take the risks involved. It Gul

(Last of a Series)

Old Machinery — Kaiser

NEA Staff Writer * OTTAWA, Oct. 18. — Twice as many oceanic ships are operating under the Canadian flag now as there were when the war began. ‘And-~unlike the gigantic cargo fleet hat has peen Bulli wp by thie U. 8, most of Canada’s vessels are cone sidered suitable

on depreciation of machinery

8500 PORKERS RECEIVED HERE ==:

Hog Prices Are Unchanged; |thousand-ton merchantmen and - have delivered 285. When all ore Top Remains at ders are filled, 333 such vessels will $14.80,

have been delivered, plus 43 4700ton cargo ships. The hog market was steady at the| whatever may have been sunk by Indianapolis stockyards today with|U-boats) are flying the Dominion’s the top at $1480 on 120 to 240-|flag already, and 102 remain Canapound good to choice hogs, accord-|dian-owned though they are being to the war food administration’|ing operated by the British. Receipts included 8500 hogs, 1000] At the beginning of the war there cattle, 700 calves and 1900 sheep, were only 39 ocean-going ships under Canadian registry — less than half the present number and less than a fifth of the number to which the Dominion has retained title.

Post-War Asset

In general, these are of the same size, speed and general description a as the Liberty ships that have Cverissssees 13.50014.80 | DeEN reproduced wholesale in the 100-309: pounds sbi U. 8. They are somewhat better 16000148 built, perhaps. But the reason they reenes [email protected] are considered a post-war asset, 14.00 4 while American Liberties are not, is that Canada exports so large a . 14.00014.08 |proportion of bulk goods—grain, ore, [email protected] wood and its products—which can 12.50915.7s [Pe handled about as well in slow, old-fashioned ships as in fast modern ones. On the other hand, Canada’s passenger fleet is just about [email protected] [existent today. The Canadian Paie See 18 5 cific line, best-known operator, had [email protected] jonly two passenger liners under

GOOD TO CHOICE HOGS (8500) - 120- 140 Pounds .e.ovcosveces tu

[email protected]

1100-1300 pounds ... os 1300-1500 pounds .....ee. . Good—

700- 900 POURS .+uvvvesnse.. [email protected] |CONAdIan flag registry before the

200-1100 pounds .. 1 Lovare sve 1 pounds ceee.. Medium--

700-1100 pounds ¢.ecevcevess [email protected] 1100-1300 pounds ...c.osveeses [email protected]

SE ot. +e STATE LOAN LEAGUE EA i i i RE-ELECTS JANUS

C. Otto Janus, Indiana Savings

[email protected] (war, the Empresses of Asia and : pe 1430 16.7 |Russia. The CP’s 16 coastal passenger craft and six of its oceanic-

800-1000 pounds ... « [email protected]

500- 900 pOUNAS «coveveeeees [email protected] | ong Ioan Co. secretary, was re- . [email protected] | elected chairman of tHe IndianCows (all w shi) apolis district of the Indiana Sav-

Sedan "1711/1107 "ea @ig se Ings and Loan League at a dinner Cutter and common. . $NG 8.50 meeting last night at the AtheCanNer ...........ciuasnnainss 4.50@ 6.00 naeum.

‘Bulls (all weights)

BeStod (All Weights) .oveer.. D5@ILE0| , OtRET Officers elected include

+ [email protected] chairman; Fred Asperger, Indian-

Butter—No. L 50c, Butterfat—No.. 1, 48¢; No. 2,

=== The CHICAG

You Save Because We Save || Men's Suits & Overcoats |

$ t 8” 2 i a8

CASE CLOTHES ||

215 N. Senate Ave. Open 9 to 9

OXYGEN THERAPY |

This Equipment Can Be Rented at

HAAG'S 402 N. Capitol Ave. BITE EE

PEARSON'S

128 N. Penn. LI-5513

FURNITURE eo PIANOS BAND INSTRUMENTS RECORDS e SHEET MUSIC |} a

an CY ’, (BTR TA TIER LEIA EERE R ERROR ROO

HANGERS Ic EACH

We Buy Usable Wire Garment Hangers at 100 per bundle of 1

Davis CLEANERS USE YOUR eRfN at Va ONS SH 3 INES!

COMPANY

ERE. R. RY

“131 W. Washington St." Opposite

Otreetly Opposite indians Cheater

June 30, 1945, Purdue university officials announced today. ' . Indiana's share of the federal loan funds, made available according to war production board regulations, was based on the estimated 55,049 un-electrified farms in the state. REA funds for the nation this year total $12,500,000.

RE - WEAVING

of MOTH HOLES—BURNS or WORN SPOTS

LEON TAILORING CO. 235 Mass. Ave, 1 i Middle of

FC wwaere | WASTE PAPER

AMERICAN PAPER

INDIANAPOLIS CLEARING HOUSE CIBATIDES. yx vivsvsinsvaviannnas $ 4,642,000 Debit. ys insane aan 17,881,000 Libby-Owens-Ford Glass Co. 9 months net earnings $5513,719 or $2.16 a share vs. $2,787,795 or $1.10

By 8. BURTON HEATH

Of the larger vessels 91 (minus

vessels were British-built and Brit ish-registered. ~~ Coastal Ships Hard Hit - The Canadian National, government agency, had six coastal ships running between Seattle, Vancouver and Alaska, and as many operating to the West Indies. All of these have been hit hard by the Nazis, security secrets, but it is on record that all but two of the CPR’s passenger ships have been sunk. The dominion’s enormous Great Lakes tonnage has been depleted by shifts to ocean use and subsequent submarine losses. Post-war aviation plans are well in ‘hand, utterly unlike the uncertainty’ in the U. 8. This may be because the government, through its Trans-Canada line, will control all trunk-line internal routes and all international lines. New Links Planned Trans-Canada already is operating efficiently between St, John's, N. F, and Victoria, B. C., by way of Sydney, N. 8, Moncton, N, B, Montreal, Ottawa, Toronto, Winnipeg, Regina, Lethbridge and Vancouver, There are links with Windsor, across from Detroit, and with New York from Toronto.

Filming of U. S. Securities OK'd

WASHINGTON, Oct. 18 (U. P.). —Banks may use film records for government securities, checks and warrants if the films are held in confidence, the U. S. secret serve ice has agreed. Previously only federal reserve banks and banks securing special permission could: use this type of recording, the secret service said

MeAIUm .... in. sanees .» 1.75@ 8.50 today. Cutter and common ... 6.00@ 17.75 | apolis, secretary, end Walter R. CALVES (100) Myers, Shelbyville, director for a 4 Vealers (all weights) two-year term. N. Y S ock S erst Prarie 15.00015.50 . . Common $0 MEAN »...... 2. '5.00@1430| The meeting was addressed by R. IB een stnnansrunersn nine 6.00@ 8.50 Earl Peters, state federal housing Low Clos as, Feeder and Stocker Cutts and Calves | gdministration, director, who|Alls-Cha ov pt ne ow Bi Cholce— warned that there would be nolam tans bo i a + % 30- 8% pounds secainananes sony overnight building boom but rather Ap Fad 4 58 24 13 12% + % 00 »o tana - a gradual resumption as restrictions! am Tar .... 1641 a . a Th 500- 800 POUNAS +crevvsesese. 10.00@10. fted. Am Tob B .... 68% 68 68 300-1000 pounds ..:..!1Ill 10.38G 11.7 are lifted Am Water W 3% 2 os 3 4 j— aconda .... Ta 27% + 4 S00-1000 POURS «sveesseasees B8.75@10.% Armour Go Th Mh hth — chison ...... 61% 67% 67% 500~ 900 pounds Sraniiieiss « 150Q 8.7 500 EXPECTED AT Atl Refining 20V, 283, 20% 3 2 oh Be Li) punt fd, 3 BLE n In n cate (S00 pounds down ....ee..ee. [email protected] Beth Steel an ai an § n 500 pounds down ......... ve 90001138 wim a, Ba MN g- er ..39% 39% 39% ~— I Gavi ul di We Wi 1X 0 (200 POURS GOV s.vscvseer. 1050@12T5 More than 500 are expected to|Ches & Ohio. je 1] uh + a Hed MB .50010.80 attend the national convention of |Curtiss-wr .... § % 8 pou! OWE se ensneress | Douglas Aire . 70% 70% 0% + % SHEEP AND LAMBS (1900) the Confederated Unions of Amer-|Bougiss or. 157% 157% 157% + 3 Ewes’ (shorn) ica at the Claypool hotel Friday Gen Electric .. 39% 39% 39% .... GOOG 10 ChOICE ...ns.s.rvress ._4.00@ 5.00 | through Sunday. Sen Mills... nh Common to medium, __..s::»"23.35@ 4.00f The union, which is headed by|Goodyear "... 481s 48% 48% ~ 1 Good and choice ............. [email protected] | Matthew Smith of Detroit, secre- Creviound Cp. 2ajs 23 2% + 2 Son $004 111 103@ bas tary-treasurer of the Mechaics JohmsMan ... 100 100% 100% — i Ey Educational Society of America, |gsonecors ooo 383 30a 3908 + A Ever thin ? will discuss indorsement of presi-|L-0-F Glass .. 53% 53 83% + Ma ! on on Lverytiung. g. dential candidates, possible changes jockheed Air .. 21% 21 2p — Yai in the Little Steel formula, passage Martin (Glenn) 19% 15% “10% — % ‘Diamonds, amonds, Watches of a demobilization bill, and jts|Nashckelv .....10% 10% 16% ... ; “Mosical Instruments, “fameras §| long-standing attempt to achieve Nat, Distillers . 36 3. 3 oy full representation on the war labor enizal... 18% iw Ta 1 Corp ... 25% 25 BY — 4% Clothing, Shotguns, Ete. board, on a par with the A. FP. -of L. ard ED on um eT." JEWELRY and the C. 1.0 Pah Am Air 32 31% Su + % enney ...eenas Co. Inc Among the officials attending, in|Penn Re irish 30% 30 30. * » * || addition to Mr. Smith, will be Vice|pheips Dodge.. 24% 33% i + 14 146 E. WASHINGTON ST. Presidents Thomas M. Law, of Chi-|Pullman ....... 47% 47% 47h — cago; Henry Vaught, of Indian-|RcR.%%, =: 100 15 Mow 1 3 RY apolis, and James De Bella, of Reyn Tob B .. 33% 8 33% $0 % i erve; ni . BUSINESS i i R E Washington. Borray-Vactim' 123% 12% 12% : . — STATE TO RECENE [3 ov, 5: Hi i iy ver V2 Va + VY 5 Std On (Ind). 331; 330s 3B — hh s ; Std Oil (NJ) .. 55% 58% 65% .... WE Buy Diamonds || 195274 FROM REA Soin ith Bi 88 iw | GHES ons : W0th Gent Fox. 33%: 8% 38% Lo A A en x "ars 24% MGHEST CARH PR) LAFAYETTE, Ind, Oct. 18 (U.|iMB Cent Tox. 20% 30% 384 ..... P.).—Indiana will receive $195,274 u 8 el Se 5% 4% Be + % arner 08 .. seen STANLEY Jewelry Co. | from She rua) sleeintation 2 esting Ei a0 wit yh In; 0 0! ve ), 113 W. Wash. Lincoln Bote) Bigg. || MinIstration for the year ending)Xork Corp .... 1% 4 1 FA

COST OF LIVING STUDIED WASHINGTON; Oct. 18 (U. P.).— The war labor board hoped today to send to President Roosevelt by Nov. 1 a report on one of the most important phases of its stabilization sutdy—the relationship of wages and the cost of living,

FEWER FEDERAL EMPLOYEES WASHINGTON, Oct. 18 (U, P), —Civilian employment in the executive branch of the federal government decreased 23,768 during August, Senator Harry F. Byrd (D.

a year ago.

Va.), reported today.

= STOCK COMPANY

OLD

BRAND

SHERWIN WILLIAMS Has s Paint for Purpose. Because It Lasts Longer. -

VONNEGUT'S

WATGHES,

1 LINCOLN STATE PAWNERS.

gon carriot «wisn. or.

LOANS A E. ;

Incorporated g LOUISVILLE, KENTUCKY

HOMPSON

A BETTER BLEND FOR BETTER DRINKS

GLENMORE DISTILLERIES COMPANY

Blended. Whiskey 863 root 835

Exact figures aref-

will Rank High i in n Trans-Oceanic Commerc y

R. . AI. wings ver Mnieal herald » mow rl for Canad fn the post-war world of commerce,

sia,

The last must depend, of course, upon adoption of an international policy governing the operation of air lines over intermediate coun- |W Hes, since Alaska is American terry. But nobody up here doubts| Up to the close that the U. 8. a. can |}odnY. Indianapolis Sour work out a satisfactory solution. red Already the department of muni. |Joi® No, 2 white or No 3 No. tions and supply has decided to have 50 Douglas DC-4's manufactured for Trans-Canada by Canadian Vickers, which now is making amphibian Catalinas in its 750,000-square-foot ‘plant in Montreal.

Offi cials.

of approximately $2,000

munition.

WHEAT

| WASHINGTON, Oct. 18 w. Ph

placed contracts totaling $27,500,000,000, During the same period, _|it terminated contracts with a value

Pacific War Demands High The procurement officials said that production for the navy's part of the battle of the Atlantic has been delivered, but.that the ina direct line from crease in the navy's war effort in|Candidate. the Pacific at the present time precludes any over-all cutbacks. Vast increases have been ordered |As often as not, according to some Progress in production or rocket ammunition, |0f them, the politicians made the jeg ns attack transports and attack cargo|0dds to suit themselves. They would StoLaly Sues | make small bets to shape odds and | Unies Tides cos Cutbacks have been|thus attempt to break the morale Pacific line to Australia; and from ordered in fighter planes but they Edmonton, by way of Alaska, a

ans-Bering connection with Rus-

WAGON of the, Chicas wheat (other grades on their meri

No. shelled, old crop, $1.09% per bush No. 3 white shelled, old crop, $1.24

{| | Continued High Production] After V-E Predicted by

,000,000, but even those cutbacks have. been rePlace by contracts for items more urgently needed because - From Lethbridge, Alberta, a con- ing on Ey of Shans nection to. Edmonton links with a run to Alaska, which this fall will be tiéd to Winnipeg via Saskatoon. As soon as possible the link between Winnipeg and Toronto will be completed, gi New York to Alaska.

Plan Russian Run

From St. John's the government plans a trans-Atlantic line to Great Britain; from Victoria a trans-|fb

and high capacity ame

affected a part of the program on |ers. which production had not even started. There also has-been a reduction in orders for transport|least no one has as yet been able planes because the navy is now|to find one. ndpis getting what it needs from the

dren | district. According to stock ex-|Pub Serv of elevators paid $1.61 ro ue for No, 1|change observers this also was a ruse misite}i [of the politicians to make any bad |Trac Term ow |influence of the betting reflect on|V ® and | wall Street.

Central Paper Co. year ended ino betting facilities and that it never June 30 net income $301,683 or had any so far as markets are con$1.37 a share vs. $205,088 or $1.39 |cerned. Whatever betting may have been done by individuals had no|281 or $1.32 previous year,

YORK, 3 war, Wall 2058, Out, 18d ‘There are two ing,

anticipated.

T 8 :

Was Betting “Real McCoy”? In the old days, in presidential

i i} i EEREEs

business. At least they'd be quoting odds with a volume that would seem to indicate large amounts of money being bet on the favorite

E :

iE 2 i

oR 1

The old timers wonder if all that betting stuff was the “real McCoy.” |Bub Serv

of the opposing candidate's follow-

This year there isn't a betting american 1 commissioner in New York City. At |Citisens Ind

In other years, the commissioners |asuncie Water set up their offices in the financial |N Ind Pub

Wall Street points out that it has

They Look to the West

T™ LOOKED to the West for strength of arms ...for liberation from the yoke of the oppressor.

And still they look. But they look now for food to keep alive the spark of life. They look for food for their children... their hope of the future... the

hope of their unhappy, war-racked lands.

They look for clothing ... warm clothing to protect them against the dread, sickening chill of coal-

less houses.

They look for medicines and vitamins. . . to help them save their wounded, theiY ill, and their plague-

stricken victims.

They look for seed... . to plant the fallow earth once more . . . to eke out their famine rations of

grass and weeds and ersatz; sawdust bread. They look for hope.

Out of the cradle of liberty they pray that there will come the i inspiration to build anew .’. . with new rights, new freedomy, new Sppertasities for them. selves. 4 .

They have sired ors and they are weary. We

cannot fail then . . . we must aot Tall {Al Tw

that a new day is so close at hand.

The things they need . . . food and clothing, medicines and vitamins . . . and hope for the future « « « are all made possible by your contribution this year to your Community War Fund, representing

the National War Fund.

Now is the time to open your heart... and open - your checkbook. Now is the time to give, as you have never given before, that others may have the chance to life, and liberty, and the pursuit of

happiness.

Give generously to the

INTED WAR

3 hed 3

2 £x3gid

i Bw

Political Ruse Suspected [indole Water Co Sie of .... 108 Kuhner

two. oulstending tiers i the Aasaclal derek reckon

namely: 1. Election is drawing nearer and the result may be & close ons, ape, SITAR Vass of his Wal Jay be Ver spony tia een