Indianapolis Times, Indianapolis, Marion County, 26 August 1951 — Page 18

, Aug. Finance Committee d another $56 million from ield of the House tax bill This pushed its total cuts) yn hat measure to nearly $900

The tax-framing Senate commade the new cuts as it d to. House-approved proviaimed at plugging ‘“loop* 8” In corporation tax laws. deferred decisions on basic corporation income and excess proftaxes until next week. \ Figures Agreed On £1In tentative decisions made so , the committee has approved increases totaling $2,422,000. if this, $2,409,000,000 would come fom higher personal Income es, ‘The committee still must act proposed increases in excise axes as well as the major corrate income tax provisions of e $7.2 billion House bill. * In its decisions today, the comittee approved two House projons which would raise an timated $33 million and recomnded killing two which would ise an estimated $56 million. £ Provisions Disapproved {One House provision disapproved today would allow a group| of “related” corporations only dne $25,000 exemption in computing their surtax and excess

profits tax. Under present law, Hl which the Senate committee [AST would retain, each of the related TD 7 gets a $25,000 exemption, 1 ul - 1% “The second rejected House pro-| LER

vision was a minor one, expected | to yield less than $1 million. It] involved the denial of capital gains tax benefits on the sale of} property to a corporation con-| trolled by the seller,

By EARL McKEE

tem modern artist to depict USS lowa in Service | rent world conditions. SAN FRANCISCO, Aug. 25 (UP)—The 45,000-ton battleship] USS Towa was recommissioned to- | day and Capt. William R. Smed-| bere I En wane est cartoonists in history. wartime commander of the | Pacific fleet, spoke:

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THE ACCOMPANYING cartoon is 62 years old, but could have been drawn by a

Published in the San Francisco Examiner on Apr,

1889, it was the product Thomas Nast, one of the great-

Nast had in mind the sad state of affairs in Europe, where the people were being taxed heav- | {ly to pay for war munitions. Puts Off Her Swim * he Dn sketch is owned DOVER, England, Aug. 25 (UP)| by the writer, who obtained it\| ~-Ciale winds ovew the English! in a small art store in GreenChannel tonight compelled 8an| wich Village, New York City. Diego Stenographer Florence Modern cartoonists would shudChadwick to postpone her at-| der to think of putting in all tempt to awim from England to, the intricate detail work which France until Monday at earliest. Sam devoted to his Jarawings.

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all the shading consists of fine individual pen strokes. There were no such gadgets

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NAST was Sept. 27, 1840 in Landau,

aria. He died of yellow fever while serving as United States consul at Guayaquil, in 1902. His greatest fame came when he drew cartoons for Harper's Weekly attacking the in- | famous Tweed ring in New York City in the early 70's. was connected vith other publications, among them the San Francisco Examiner and the

London Pall Mall Gazette.

It was curing the 1870's that | Nast invented the symbols of the two major political parties, the elephant and the donkey— and also- -the Tammany tiger.

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When the cartoon shown here was printed in 1889, the headline over the drawing was ‘Mars Still Piling It On,” while underneath was the question, “How Long Can the Masses of Europe Stand It?”

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THE INDIANAPOLIS TIMES

Piling It On’

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SUNDAY, AUG. 26, 1951 They’ ve Lost More Than a Battalion De Tassigny to Visit U. S. Next Month

WASHINGTON, Aug. 25 (UP), The general, accompanied by his RE on Japan, Aug. inf correspondents of your core|_ WA Defense Department an- wife, is scheduled to arrive in

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