Indianapolis Times, Indianapolis, Marion County, 23 January 1950 — Page 2

etics Tax With Phone Calls For Reductions _, (Continued From Page One)

snd r «Mr. Truman said. +. ‘He recommended that the fons for these organizacontinued, but he said

a 3 ¢

: tages have been in some. stances. “to competitive vantage over Als enterprise the

of business and indusoperations entirely unrelated : tional activities.” i+ Escape Taxation 3 The President said Congress

{which life insurance companies have escaped taxation for the last three years on their earnings on investments. # ‘This situation has arisen as the result of a formula enacted by Congress in 1942 and which insurance companies themselves Agree has -become outmoded. “Treasury officials and representa4ives of life insurance companies have been trying to agree on a pew formula. Mr. Truman said that in some eases charitable institutions, vhich are tax exempt, have estabished trust funds that were used as a cloak for speculative busi-

ac (City Engineer

‘also should close the loophole by|

di Ay 7 y x a i : \ ER Fides

eee wy #0

Puts Finger on a i ul i

M. G. (Ole) Johnson, city: en uled this year. Works Board mem

retary.

(second from left), points out hearing reports are (left to right) Byron Hollett, attorney; Edward Gardner, president; Martin McDermott, Cag Angst, vice president, and Henry Mueller, sec-

} 5 a oi fh ;

cel,

a TORS A

ant locations sched.

sible or maybe probable. But it exceeds mere “cronyism” such as Justice Minton’s enemies charge. - * For if the President had e

Project Costs

Regulafing Mass of Trifles

confidence in the record made by

Dr. Ralph L. Holland

33-47 N. Illinois St., got the “go” sign today. | The city building commissioner's office issued a permit to William Smith, general contractor authorizing a $72459 renovation

Judge Minton on the Court of Appeals to appointment to the highest court in the U. 8. A, he might highly value the associate

program. ‘

Sponsors Card Party

He , son Bryan of Nashville, Tenn. di« ; } rector of visitation Syangehiam S Jue Renov th of these state-wide sessions, [the Methodist Church; ev, Plan to ate Dr, Roland i 8 Rg gry pastor for G. C. Murphy Interior [Hyde Park Baptist Church, Chi-|the Christian Church of Bloom= Plans for an interior face lft-|Ccago, will give sermon for the ington, Ind.; President Clyde E, ing of the G. C. Murphy Store, first mass meeting of the Pas- Wildman of DePauw University; tors’ Conference tomorrow at Dr. H. Richard pastor

Rasmussen, 215 p. m, in the Third Christianiof the University Pres Church. Church, West Lafayette, Ind, and Bishop John 8. Stamm of Har- Dr. D. Elton Trueblood of Earl risburg, Psa., president of the ham College. - Federal Council of the Churches) Chyrch laymen will give reports of Christ in America and 8land officers will be elected this bishop of the Evangelical United | ¢ternoon at the annual meeting Brethren - Church, will speak at. the Indiana Council of the luncheon meeting of the In-|ny riches in the Second Presbye

J -

(Continued From Page One) Hoosiers must decide. They can

justice's opinion. in regard to a Silver Star Review No. 185, Judicial appointment .in his own| Woman's Benefit Association, will

ness ventures.”

. “These and other unintended . certain crafts than. it does from advantages can and should be re-| Works Board Lists |the hit-or-miss licensing of others. moved without jeopardizing the {Too many of the licensing operabasic of those organiza-| 1950 Pr oposals tors appear to be more eoncerned tions which should rightly bel (Continued From Page One) [with restraint of competition than aided by tax exemption,” he said.|Law and private contract; gravel with the protection of the public. In making his recommendations streets, curbs and walks, 164) From an administrative stand-| closing tax loopholes, Mr. miles, $352,032.53 by Barrett Law|point, it takes as much time and n noted that in some cases|and private contract, {effort to select a member of the orts have been made “to take Streets, curbs and walks main- Stallion Enrollment Board or the advantage of the differ-itainance, $336,620.90 by gas tax Bedding Advisory Board as to | between the tax rates onjand levy tax funds; completed! pick a member of the Highway income and the lower sewer projects, 8.93 miles, $262- Commission. rates on capital gains.” {117.56 by Barrett Law and] While expense involved Is small No Hike In Income |private contract; bridge construc- despite the multitude of advisory + “As one example, under present tion, $228,388.71 by bond issue boards, licensing boards, and law, producers of motion ple-/and special gas tax, and bridge duplicating commissions, they ‘tures, and their star players, have maintainance, $19,708.40 by gas make the mystic maze that much ‘attempted to avoid taxes by creat tax and levy tax funds. worse. Auditing, payroll, purchase ng temporary corporations which The College Ave. and Centralof supplies, budgeting — all are are dissolved after making one Ave. bridges were completed last seriously complicated by the large Wim.” he said. {year. ‘Cost: $228,388.71, The number of small, unrelated units. , Mr. Truman sald his recom- §75571.90 Arlington Ave. span) Names mean nothing in the dis-| ‘mendations would not result in over Pleasant Run Blvd. is 50 per organization of state government. | any substantial increase in gOV- | cent complete, the report dis- A board may mean a group which ernment income in the 1851 fiscal closed. : {looks after the Soldiers and year starting this July 1. The, The summary further stated Sailors Monument or it may mean President has forecast a deficit the W. Morris St. and Shelby something of vital Importance, for that year or $5.1 billion. {8t, track elevation jobs have been like the Board of Health. 1 In the long run, however, he slowed by legal scrutiny, while] Commissions Include the huge his proposals would “sub-'no- tion_has been made of Highway Commission and Public

yy improve the structure the W. Michigan St. job by the Service Commission. They also in- |

of our tax system.” In the estat# and gift tax field,

Works Board. {elude the long forgotten Buffalo Other Statistics {Trace Commission or the commis-| the President pointed out that! Other statistics given: |sion to place appropriate markers these taxes now uce ‘less! During 1949, more that 4300 on routes once taken by Gen. than 2 per cent of the revenue, miscellaneous improvement per- Anthony Wayne. - . compared with ‘7 per cent 10 mits issued totaled $7802. | The same goes for such classiyears ago. ; The Indianapolis Water Co. In-! fications as departments, bureaus, “To the extent that these taxes stalled 12.75 miles of mains for divisions. Some departments aren't! remain too low, the |service and fire The departments at all and preform

; prot of our tax structure a earn Citizeris Gas & Coke Utility in-/functions more trivial than mere}

{stalled Al4AZ miles of mains, The boards. A division may imply a jon af [powers and light company in- one-man operation or a huge and cted over Mr. stalled 338 street lights anal function like mass purchasTruman's veto, reduced the yield) The city's street maintenance Ing of state supplies or collecting of estate and gift taxes by about/and asphalt plant department/the gross income tax. $300 million, Mr. Truman said. monitored 570 miles of pawid| State government already has Even before that act, he con-istreets, alleys, curbs and walks. grown away from the public it is, tinued, “estate and gift tax yields! The engineering laboratory supposed to serve. The more inwere out of line with other reve-completed 573 cement, sand and| comprehensible it becomes, the nues, and that act made the situa-jcoal - tests. The inspection de-/less chance the voters or even tion worse.” partment had 5306 assignments their legislators have of keeping Favors Big Estates [for cuts and street openings and track of it, t The present estate and gift tax!probed 225 projects. | The day is not far off when, I"w allows “excessive exemptions,! In co-operation with the Safety ~~ ly low effective rates on|Boafd, spproximately 730 grade Optometric Association | t estates . . , favors largecrossings were inspected and 150 * fuisies vee small “ones, andirepaired. The Works Board Women Elect Officers eaves substantial amounts of adopted 29 street vacation resolu- Mrs. Raymond E. Sawyer of img Completely beyond the tions, approving 25. CoM elected president of the tax laws" Mr.| lof the Women's Auxiliary of the Truman said. |OK SEWER PAYMENT {Indiana Optometric Association g He recommended that Congress' The Works Board today ap- at the annual convention now in

the present exemptions, proved expenditure of $23,302 as/gession at the Severin Hotel. | - | First vice president is Mrs. D. to provide uniform Construction Co. for work com-/R. Reed of La Porte and Mrs. and for more pleted on the York St. storm sewer Robert Ledig of Indianapolis was

3 Xue rates and co-ordinate partial payment to the Thompson)

project. re-elected secretary-treasurer.

Progress | | 2 We use only SOFT Jaundry for WATER — and at cony trolled temperature— Hl-Method mildly —— EVER

HOT-—with a gentle soap

LAUNDERING

We Guarantee NO SHRINKAGE

PROGRESS OTHER BLANKET SERVICES

The replacement of worn-out BINDINGS, Blanket Moth-Proofing.

Scientific Cleansing of ELECTRIC Blankets. We take full responsibility for Electric Blankets,

we Pr

hit $2 Millon Swells Indiana Bureaucracy

let state government get away altogether and just sort of run itself or they can clear away the governmental underbrush so they can at least see the trees, if not the forest itself,

(Tomorrow: Does Indiana need

home state. In fact, Justice Minton might know more about the personal qualifications of Indiana lawyers in this matter than does Demo-

s “Little Hoover Commission?")

Br get

Ayres' Pinafore Shop, Fourth Floor

cent.

in your easy-to-wear

Cotton Coat Dress

by Jacqueline Shaw

3.00

Misses’, Women’s and half-sizes

Here's a dress with all those work-free features you've been ‘wanting . . . brief, comfortable sleeves, two big pockets, and easy-to-care-for button-front convenience. in 80-square ribbon and floral print percale. Pink, blue, yellow or aqua; sizes 16 to 44 and 14/4; te 2414.

{sponsor a pillow slip-card party (at 8 p. m. tomorrow in the Food {Craft hall, Knights of Pythias

building. Mrs. Marietta Cayton cratic National Chairman wi. 18 chairman, assisted by Mrs.! liam D. Boyle Jr. who is back- Margaret Weaver, Mrs. Flora| Other announced speakers for he whipped out his pistol and shot ing. McHale-for-Steckler 100 per Fawcett, Mrs. Bertie Schuck andthe pastors conference are Dr.

|Dr. Ellen Mattwig.

Whiz through household tasks

diana Council of Churches today {in the First Baptist Church, He, {also will address the state pas-| tors Wednesday night and con-|

{duct a seminar for the Pastors! ,

‘Wednesday morning. | Other Speakers |

|B. G. Homrighausen of Princeton

terian Church.

GETS GOOD AND SORE MELBOURNE, Australia, Jan, (UP) — Frank Sinatra was crooning over Geoffrey Merriott's radio. Merriott got so annoyed

up the radio. He got 30 days in jail for illegal possession of a gun, wm;

N \

Z S Hynes & Co. FR anklin 441 |

Theological Seminary; Dr. Dawe

plan also is Neither p! thoritative role for Mr.

Judge Lal jurors that | the defenda defraud the vested abou attempt to | radically ne The defer oused by th moting the with no resl ducing the Actually, of its stres Al

pedoes. The big f: leased from got its prod The birth Torpedo, st Tucker tri: apolis Speed According release, the of years of cars made | continuous testing grot 500-Mile cla The Torp

, three headl

A car-hur eyes over Si mile-an-hou 150-horsepo" gine and a tem. The corpc it would be priced cars It would } base, the pu go 35 miles line at mod Mr. Tuck turn out 1 when thing: said the c tually, to. East and V Major or

licity said. F——————

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