The Bismarck Tribune Newspaper, December 15, 1933, Page 3

aq ees - MORGENTHAU SEEKS TO PLUG LOOPHOLES IN INCOME TAX LAW a Idea Is to Increase Federal Rev- enue Without Hamper- ing Business Washington, Dec. 15. — uP) — De- Cclaring the administration's intention to plug “any loopholes” but hamper business as little as possible, Acting Becretary Mongenthau Friday recom- ‘*» nended drastic revision of the income tax laws before the house ways and Means committee. The treasury head, appearing for the first time before a congressional committee in that capacity, withheld his recommendation on specific in- . The budget must be he indicated, before the At the same time, however, he ap- proved the principle of the commit- tee’s plan. The house group suggested that instead of the present 4 per cent on the first $4,000 of net income and 8 per cent on the balance there be a single 4 per cent rate. Increased sur- taxes would be levied on large in- comes. Reading only the high spots of his suggestions, before turning over the exposition of details to Professor Ros- ‘well Magill, treasury tax expert, Mor- genthau made no estimate of how much the government might gain from re-writing the income tax law. Aides indicated, however, the treasury felt the return would be nearer $100,- 600,000 than the committee's estimate pf $270,000,000. Here's Morgenthau Plan High spots in Morgenthan’s recom- ‘Tmendations were: A lower tax on earned incomes of less than $25,000 than the rate paid * on income from investments. Joint returns by a husband and wife, estimated to bring in $40,000,000 discourage “ of additional revenue and “innumerable colorable transactions.” A single normal tax rate with sur- taxes adjusted accordingly but with personal exemption and credits for dependents allowed only on the nor- mal tax. Examination of depreciation and depletion deductions. Retention of the capital gains tax with some deduction for capital losses, but with capital losses deductable only \ {rom capital gains and not from in- come. A net loss could be carried forward for reduction one year. Retention of the present company tax method with some ad- ministrative tightening. Complete redrafting of the ex- pice ag and reorganization provis- ions. Continuation of the credit allowed American taxpayers on foreign tax payments, Continuation of consolidated cor- poration returns with a suggestion * that congress consider an excess prof- ‘ gd All farmers who are not satisfied \ts tax on large-scale businesses, Deduction of partnership losses as {ong as partners must report all part- + nership income. ~ WHEAT BOARD 10 holding | M. D. Chandler, receiver of the Dia- ing in Dearborn, Mich. Ford's hour top speed and more miles Program will be heard at this meet- ing, Putnam said. The agent Friday urged all farmers who have not signed their allotment- Teduction contracts to visit his office in Bismarck immediately so that they do not “hold up” distribution of bonus |, checks in Burlegh county. The bulk of the farmers and ten- and at district meetings throughout the county, the agent said, and the campaign now is being concentrated on securing signatures of land-own- ers. Judge R. G. M’Farland Leaves for Jamestown Having heard arguments in five civ- il actions since Tuesday in Burleigh county district court, Judge R. G. Mc- Farland left for his home at James- town Friday without making any de- finite announcement as to when jur- ors would be called to hear jury cases on the calendar. It appeared probable, however, that Jurors will not be called until late in January, rather than early next month, according to Charles Fisher, clerk of court. In a case called for Friday fore- noon, @ verdict went by default to Swenson. The action was! on Swenson’s alleged liability to part of the bankrupt firm's debts © in view of the fact he was a stock- | holder, Judge McFarland Thursday after- noon took under advisement a case in which Ervin Bourgois sued George Larson and Josephine Larson. This case involved property on which the | Bismarck Building and Loan associa- | tion has a first mortgage. Bourgois, : titleholder, sued for what he was owed him by the defendants, who own an equity in the property. It ap- Peared possible this matter could be settled out of court through a federal loan. Inter-Patrol Scout i : f MEET NEXT WEEK Farmers Who Have Complaints to Make Will Be Heard Wednesday Members of the board of directors of the Burleigh county wheat pro- duction control association will meet in Bismarck next Wednesday for a final session to hear all complaints in regard to the federal wheat allot- ‘ment-acreage reduction program. The session will be held in the World War Memoria! building, begin- ning at 2 o'clock in the afternoon, sccording to H. O. Putnam, Burleigh county agricultural agent. One farmer from each of the 11 dis- tricts in the county ts on the board, which includes Axel Soder, chairman, D. D. Barkman, Willis Gill, O. W. Brostrom, E. A. Fricke, B. Falconer, John H. Salter, O. B. Swan- ‘on, Ervin Anderson, John Benz and Charles Swanson. with their acreage figures under the cd HOW TO RECAPTURE BEAUTY looks are oft: ter of Pei Sparkling eyes anda smooth lexion outward tigns of an abundant vitality. be charming, conserve your s0 often ‘inkles, sallow skins, dull eyes, pimples. Try the pleasant “cereal way” to Papo: Bis ton the intenttal track Atte | WELPS KEEP YOU FI 4 | A Contest Completed ‘Troop No 6 of the Bismarck Boy Scouts has just completed its first inter-patrol contest, several of which are to be held during the year, ac- cording to Paul O. Netland, execu- tive, With a total of 1,964 points, the Stag patrol won group honors, second place going to the Flaming Arrow pa- -rol, which had 1,871 points. Individual honors went to Earl Be- att of the Flaming Arrow patrol, who had 404 points. Ralph Rhoades was second with 337. \ ~ ' Members of the Stag patrol are Robert Vogel, leader, Bob Mote, as- sistant leader, Harold Griffith, Ralph Rhodes, Paul Christensen, Asle Lewis WEDDING BELLS TO RING | New York, Dec. 15.—(#)—The wed- ding bells ring Friday for Gary Coop- : er, strong, silent man of the talking | pictures, and Sandra Shaw, also of} the films. They will be married this afternoon. | Backing Up the Blue Eagle ing all the’way along, but dom sich backing as Andre, young Hollywood movie actrese, gives it in the picture above. You let the eagle perch op your back, and the sun docs the reat. > sae ae ee THE BISMARCK TRIBUNE. FRIDAY, DECEMBER 15, 1933 | H st Place | BIDS ON N. D. ROAD PROJECTS RECEIVED |west of San Juan. They alighted here, Pan Amer‘can officials said, because of the good air- port and facilities. They planned to Stay here Friday and resume their {Journey toward Miami and New York Saturday. a SII I A CAPITOL THEATRE enry Ford’s New Bid for Fir “This. isthe new car with which Henry Ford hopes to dash back into first place among automo- bile builders, He is shown here, with his son Edsel, looking the new model over at its first show- new ventilation system, dual down-draft carburetor ants already have signed, both here! ” South Side beer hoodlum, in felony court on a charge of vagrancy, plead- ed that he wished to go to Florida and never come back. A. Schiller. “I'll set this case for Dec. 21 and if some one representing Quirk can come here and show he’s gone— never to return—I'll dismiss the charge.” 142 Miles of Construction Work Planned by State High- way Department Bids for 142 miles of road con- struction work in North Dakota were to be opened by the state highway commission today. Most of the pro- jects are to be completed under the national highway recovery program. Several gravel surfacing projects to be awarded are in McHenry-Bot- tineau counties, 7.405 miles on state route 14, Kramer south; Grant and Sioux counties, 17.545 miles on 8. R. 31, Wade, north and south; Wells, 14,- 067 on 8. R. 30, Hamberg, north and south; Dunn, 9,287 on 8. R. 8, north of Halliday; Emmons, 17.182 on 8. R. 13, east of Linton; McHenry, 12.830 on 8. R. 14, north and south of Rangeley; Williams, 9.171 on U. 8. 2, Epping, northeast. Two of three oil-mix surfacing pro- jects will be on U. 8. 10, 9.748 miles of the preparation to be laid in Stark county, Richardton east and west, | and 24.604 miles in Cass county, Tow- er City east. Ward county will get /9.500 miles of the preparation on U. |S. 83, Minot south, Other projects include: 9.077 miles earth grading on 8. R. 21, Solen east {in Sioux ciunty; 1.152 miles of pav- jing on U. 8. 2 in Williston; and two jStructural works, one on 8. R. 3 in Rugby and the other on U. 8. 10, east "s greater power, greater driving economy, id dual intake manifolds. Ninety miles an to the gallon, especiatly at high speeds, are promised. hopes rest in the ci Urges Care Against Strange But True Christmas Accidents News Items of Day (By The Associated Press) hy | | \ In line with a precautionary pro- gram launched by the National Fire | of Valley City. Se Waste Council, H. P, Goddard, secre-/ | || ————____- YOUNG CHINESE CUSTOM tary of Gi) ofan ie tes Lindberghs Arrive Chicago—Chow We , §, |commerce, Friday urged Capital City z enroute alone from Colne eee residents to take extreme care against | At San Pedro Port York where his parents have a [Christmas accidents this year. { restaurant, welcomed strangers Four suggestions sent to Goddard) San Pedro, Dominican Republic, by the council chairman follow: 1, Urge fire department supervi-| sion and inspection in places of pub- lic assembly where special decorations or’costumes are to be employed. 2. Encourage merchants to use competent electricians to wire special window displays. 3. Promote fire department and newspaper publicity on Christmas fire safety. e 4. Place emphasis on safe tempar- i ary wiring and disposal of package e | oe Ingredients of Vicks | In Europe, there are more than| VapoRub in Convenient Candy Form | 195,000,000 members of the Roman VICKS COUGH I | Dec. 15.(7)—Col. and Mrs. Charles A Lindbergh landed here at 10:40 a. m. Eastern Standard time, Friday after a flight from San Juan, Puerto Rico, Pan Americarl Aairways an- nounced. San Pedro is on the southern coast, of the Dominican republic, east of Santo Domingo and about 225 miles who met him at a railroad depot by pulling their coat tails and grabbing their legs. He speaks no English. THE CHRISTMAS SPIRIT Chicago—Martin Quirk, reputed “I can be Santa Claus,” said Judge “I'm on my way,” said Quirk. Catholic church. 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That’s why it is recom- mended by health and beauty experts the world over. Take this ovnortunity te own a Beautyrest—it will give you years of luxurious sleep. Your face Tells how you Sleep. Start this Beauty Treatment Tonight. Webb Brothers a i Ro as ranean eee Last Times Tonight and Sat. Mat. Only Tom Mix in “Rustlers’ Round-Up” —and — TARZAN THE FEARLESS OPENS SATURDAY NIGHT Also Sunday Midnight and Monday A, HERE THEY COME... G GREAT LAUGH J STARS... You saw 3 of them in “42nd Street”... 2 of them in"Gold Diggers” «+4 of them in “Foot- light Parade”. . . and mow you can see all 6 of them together in First National’s roar- ing comedy of two nerry hades among of hot tamale town— JOAN BLONDELL GLENDA FARRELL GUY KIBBEE FRANK McHUGH ALLEN JENKINS RUTH DONNELLY ALL SEATS ..... 35c Christmas Cards Perhaps you haven’t even thought of Christmas cards yet, but you are going to order some between now and Christmas, so why not have it .over with? Our stock is all clean and fresh, beautiful new designs. Now is the time to get this much of your Christmas shopping out of the way before the holiday rush. THE BISMARCK TRIBUNE - JOB PRINTING DEPARTMENT . PHONE 82 . Quality Printers Since 1873 ‘ Fourth and Thayer Bismarck, North Dakota