The Bismarck Tribune Newspaper, December 5, 1929, Page 2

ayy eee Ps ellon Recommends T GLEN ULLIN SCOUTS AREASIRYSURPUS {sii | “10 DECORATE THO OF $25,000,000 IS SEEN FOR JUNE 30: Great Excess in Revenue Due to Increased Incomes All over the Country, He Says GROUP BANKING REVIEWED ; Warns Against Hasty Legisla- Ha tion; Hopes for Modera- tion in Extension Washington, Dec. 5.—(4)—Gecretary + Melion placed a tax reduction plan formally before congress along with a statement that business was good in 1929 and promised tc be good in 1930. Citing a surplus of treasury receipts over expenditures of $184,000,000 for the fiscal year ended last June 30. ‘and estimating $225.000,000 would be ‘ available for the 12 moWths ending) next June 30 and $122,000.000 for 1931 he suggested the following changes: A reduction on normal incomes and corporation incomes of 1 per cent. making the levy on individual in- comes ': per cent on the first $4,000. 2 per cent on the next $4.000 and 4 per cent on all above that figure. with : & drop from 12 to 11 per cent on cor- porations. Secretary Mellon said the lowering of the tax on corporations would benefit the largest number of ' persons. These business organiza- tions, he said, were overtaxed in com- parison with individuals. ‘The secretary emhpasized his known views in making his recom- mendations. These included one which he had previously made in-|) formally. that congress adopt a flexi-' } ble provision for the tax law which would enable the governmen: to low- er or raise taxes as the condition of the treasury’s finances warranted. Speaking of the surpluses. the sec- retary said the excess of receipts was due to a great increase in individual income. which in 1928 showed a gain Of $2,000,000,000 in profits from sale of capital assets, due to trading on the stock market. It was difficult to determine. he said, what effect “the precipitous decline of security values” would have on security transactions “which unquestionably yielded a very large income in 1928 and the first’ eight months of the calendar year ae \ Most cf the secretary's annual re-) port, cont the recommanda- tions, dealt with conditions which governed before the recent stock mar- ket plunge, but it contained no note. of pessimism for the future. As last year he said business enjoyed a “highly satisfactory” year. ! Because the indicated surplus in the + fiscal year 1930 might be of the tem-. porary variety he urged congress to make the tax reduction through reso- lution, so that while it would give the taxpayers the benefit of the prosper- ous year, and could be retained next year if found warranted, it would Permit the return of the present rates | without any further action, if that was found advisable. In making his tax reduction recom- wendation the secretary said that the rate ' to! was hoped, however, he said, that any ag tt e! | Temperature at Highest vexter Lowest last ni Precipitation t Highest wind ve NE AL REPORT | Bixmarc 00 oo! 0 00 00 00 00 OFF 0 | Winnemuc Winniues. y begin t t much change in te ! 3 clear; roads public debt was being adequatcly cared for and pointed out that the total had been reduced from $17.604,- | 290,562 to $16,931,197,747 in the fiscal ; year 1929. He presented estimates: showing that in the present fiscal | year (1930) the treasury expected to collect $4,249,263.434 and estimated | expenditures at $4,023,681,900 while in 1931 it expects to colect $4,225,727,666 and spend $4,102,938.700. Secretary Mellon declared the fed- eral reserve board had endeavored to guard against undue extension of credit through speculative channels | and to conserve the country's re- sources for the purpose of meeting the future requirements of industry and trade. He called attention to the extension of group banking and urged that congress study the situation. It further extension of group and branch banking “will proceed With moderation and that hasty legisiation, either to liberalize or reconstruct | fons, now in effect, will be| Cut of 8,707 banks in the federal reserve system 354 were opcrating 2,291 branches, he said. At the age of seven, girls are often better than boys at writing, spelling, and arithmetic. After that, hewever, the boys surpass the girls in learning. WHEM THEY WORE THE COTTON OWES WITH LACE FIER ARK WAS BOSS OF ALL STAGE PLAYS ON TWE ROTTOMS 1 ’ | now active in the Missouri valley area are Lawrence Nugent, Wilton; Lloyd THE | wurph: Bud Munger, Robert Hos- ; kins, and Robert Erick, of Bismarck. Ralph Rand of Bismarck has also | | completed his eagle requirements and | ‘he will be presented with his badge | jat the next Bismarck court of honor | [sometime during this month. ; Troop No. 4, of the Evangelical | jchurch has been re-organized. The | ) | following men were appointed by Rev. | ‘Ira Herzberg to serve as the troop | committee: John Bowers, William | Schwartz and John Gussner. Julius Bischof, who has been very active this , fall as scoutmastcr has been chosen ‘for that position. He will be aided ‘in his work by one or two assistants. The troop has about 10 regular members attending, and expects to Judge A. M. Christianson. chair- rapidly increase its size until it man of the court of honor, and W. G. H reaches its fall size of 24 scouts. Fulton, scoute executive of the Mis- | | ourl valley area, Boy Scouts, re- ALL . AIRPLANI turned from a visit to Dickinson, | epee: Wd where they took part in the presen- Moscow.—A Russian acronautical ‘variou: wards jexpert, Prof Rindine, has a pet theory Haeen acerfeot badecs to the life scout {Which claims that airplanes flying 30 or more miles high in the air need program. |M0 fuel. He nat oe arenas “4 ‘The ceremony was attended by scout | Supply of hydrogen ai it altit leaders and scouts and rarents not |could be exploded in a special engine only from Dickinson but from Bel- and furnish power to propel the plane, field and Glen Ullin. {thus running the plane on air. Glen Ullin is planning a similar aii aes a aaa i | meeting, at which two eagle badges , SUSPICIOUS LANDLORD are to be awarded to Lee Sharff and; San Francisco—Justice Paul Hel- Franham Dudgeon, of the Glen |more evidently doesn't trust Vincent Ullin scout troop. These boys will |Rattini, for he made him pay his| be the sixth and seventh scouts to |“rent” in advance. Answering a charge become eagle scouts since the or-|of reckless driving, Hattini appeared ganization of the area council. Those | before Helmore. “Try our jail for 30 days.” the justice said, “and about paying $25 ‘rent’ in advance?” n Troop Has Court of Honor; Evangelical Boys Here Reorganize jon the “proper and lawful” methods how | prohibition are becoming more stable PROHIBITION BAN ON KILLING GIVEN TO AGENTS IN TALKS Secretary Mellon Reports All; Enforcers Are Instructed People Have Rights Washington, Dec. 5.—()}—Lectures of prohibition enforcement have been | given to agents in every section of the country, Secretary Mellon informed congress, and all agents now have specific instructions regarding the ba of citizens under the constitu- mn. ‘The secretary, in submitting his an- nual report, did not mention contro- versies which have stirred congress over the use of firearms by enforce- ‘ment officers, but he said that lec- turers and instructors had empha- sized the “proper method of securing search warrants and of executing! them, and the technique of making investigations of the larger and more important cases. “The operations of the treasury department in the enforcement of and more effective,” he said. “The BISMARCK TRIBUNE, THURSDAY, DECEMBER 5, 1929 it g $ 50 quality silk dresses, e nen ey also in georgette, satin mal sal eee ee and canton crepe in black, satins. Fermer values | ing shades. Sizes 16 to $89.50 and $35.00, sizes 46. Former values at 14 to 46 at this sale $27.50 to $34.30 at this at only ; sale at i Others at $24.30 - $29.50 | Others at $19.75 - $24.75 p . 50 Silk Dresses in all leading shades and styles. Values to $24.50 at .. $9.75 Beginning Friday cember 6 oS Silk For one hour only on Friday, Dec. 6, between 8:30 and 9:30 a.m. This is a specially se- lected group. Big values and many styles. Come and get your pick. 100 felt hats, values $7.95, All other satins, velvets, ve- lours. Values to $9.45 at $2.45 and $3.45 Hosiery hosiery at this sale for " 85e, $1.25 and $1.65 : ee Known for Their Popular Prices and Better Quality Garments SALE of Better Quality Garments This sensational December Clearance Sale comes before Christmas “ just — — garments a and eer selections seems . ese garmen you are going re are suc outstanding values that any you might choose will make a most.desirable gift selection. Treat yourself to a new outfit this year. This is your aqperteally to save money. An Exceptional Group COATS Trimmed with shawl collars and cuffs of Fox Fur, be ey lame Very best of silk lin- ings. ax Reduction in Better Business Predictio DAIRYMEN TO HOLD CONTEST ON BUTTER ducted at State Conven- tion Here in January In the butter judging contest, | otic je, wees eat tuk When in want. FINGAL OPENS GREAMERY | and entree a compen Bird Tire service that is Valley City, N. D., Dec. those of the official judge. The one 5 new wins | eovereabane ‘eablahienta in sankey the official judge wins the Raddy Tire Service wo. Phone June at camel askntoned THE BISMARCK CLOAK SHOP December Clearance i: Closes Sat. Nite |3: DRI an to bother most of ua Chinchilla Coats reduced to $12.45 and ........ $59 to $69 Coats Others at $19.50 - $27.50 Rumble Seat Coats re- duced to $29.75 and Fur your chance Now is to | 7 Far Coats, self trim- buy » good fur cost at ® | med muskrats and north eet savin Conte with een seals trimmed with Valuce, to $235.00 at Girl Friend—Lie Boy enter 20-pound tubs in competition || Friend y it the for the butter-making prize. In ad- |[f 9 (rouble of remembering my © dition, butterbakers attending the Sumber until you get —— compete for prises tn on all four rime, aren dee | | oat Remember creamery manufactures. need 313 | seeserny $8.45 $39.50 to $45 Coats at 2945 Cosing. out a few sport wolf calls, Bik or wool lining. Values to $47.60 #1975 Coats — Bey Friend—Suiterin’ blow. outs! If I only hed a spare! satifaction. Lahr Building on Thayer Avenue E } over ¥ irtifica “influ December 21 E'S 4197" | *147* ast tearm, $97.50 PPOCCCCCT IR