The Bismarck Tribune Newspaper, January 26, 1934, Page 8

INCOME T ™m NETO 10 | BRING MORE MONE INTOU. $.TREASURY, in Law Will Halt Past; ’ Chang Practices of Bankers and Brokers Washington. Jan. 26,—(4)—An in- come tax net spread against the past practices of some big banks and bank- ers, as unrolled by senate investig ore, was reported Friday to be the ‘Teal aim of the administration's projected new tax law. Liberal use of testimony taken from J. P. Morgan. head of the wealthiest private banking house; Otto Kahn. partner of Kuhn, Loeb and Compan; Albert H. Wiggin. onetime chairman ef the Chase National Bank; Charles Mitchell. former chairman of the ional City Bank, and partners of | Dillon, Read & Co., was disclosed by| the ways and means committee. Chairman Doughton (Dem. N. Cc} ,faid the new plan, designed to ‘produce | about $200,000,000 more annually by shifting some of the burden from| smaller to larger incomes, would be reported next Wednesday. | Some changes xemain to be made. The affable Morgan told how he}| and his wealthy partners, who paid $11,000,000 of income taxes in 1929,; paid none in 1930, 1931 and 1932 be- cause “our capital losses were such as| to more than wipe out all our income and leave nothing taxable.” In the proposed tax revision the ————— BOSTON BAKED BEANS Here is a time-honored recipe for this old favorite: 2, cupfuls pea beans ¥4 pound mixed salt pork 234 teaspoonfuls Texaco Salt ¥% teaspoonful baking soda % teaspoonful mustard 34 cupful molasses iG teaspoonful pepper Soak beans in cold water overnight. In the morning, drain, cover with fresh cold water, add baking soda, and par- boil until beans are easily pierced with & fork, Drain again and blanch with cold water. Pour boiling water over the pork and scrape rind until white; then cut in narrow strips. Arrange in Deanpot. Put in a measuring cup the ‘Texaco Salt, mustard, ferret and mo- lasses and fill with boiling water; mix well and pour over the beans, boiling water to cover. Bake for 6 to 7 hours in slow oven. Texaco Salt is suggested because its Burity permits it to be more quickly dissolved and thoroughly absorbed by the beans, probably | THE BISMARCK TRIBUNE_ FRIDAY, JANUARY 26, 1934_ asi ould be changed. Capital losses would not be permitted to wipe [out all income. Especially in the case |of partnerships like Morgan's and |Kahn’s, capital loss deductions would be limited to capital gains. | Mitchell told of selling stock to his wife and subtracting the loss on his income tax return. Thomas Lamont, Jr., of the Morgan firm disclosed sim- ilar transactions. The new bill would stop such loss taking. | The bill as now written would tax {undistributed adjusted net income of |such corporations at 35 per cent. |The measure would establish a flat |four per cent on net incomes up to $84,000— that is, on incomes of that amount after deductions, such as §2,- 500 for being married and $400 for each dependent had been made. The eight per cent levy on the second 000 was éliminated, and a surtax stalled beginning at four per cent at $4,000 up to 59 per cent on those of $1,000,000. Also allowed would be a 10 per cent, reduction on earned income up to $8,000. ‘Thus, if a married man with- out children made $5,000, he would first deduct $2,500, and then 10 per cent on the remainder—paying four | per cent on $2,250. |. ‘The treasury figures all in all to get {8h ,285,000,000 from income taxes in the 1935 fiscal Bent \Transportation Firm Defendant in Action |_ A civil action in which Joseph | Leach of Bismarck seeks $2,000 alleg- ed due him in salary and expenses | from the Benton Transportation Co., | Bismarck, was launched in Burleigh county district, court Friday morn- ing. Members of the jury are Neddy Asplund, William Luke, Mike gener. |c William Zabel, M. H. Sidener, W. Doty and B. O. Refvem of Biamarcl Gerald R. Jones of Regan; Severt) Gylden of Wing; A. E. Nelson of) Wilton; Nora L. Allensworth of Me-j) |ncken; and Henry Solberg of Naugh-| ton township. | After selection of a jury had begun, @ settlement was reached out of court Thursday afternoon in’ the damage ection brought by T. M. Burch against Mrs, Lyle Cleveland and Theodore J. Jensen. ‘The settlement was for $475 in fav-| or of the plaintiff. The defendant} asked damages for injuries suffered by his young son, Stanley Burch. in| an automobile accident in Bismarck. | Federal Commission Favors Seaway Plan Washington, Jan. 26.—(?)—Presi- dent Roosevelt sent to the senate Friday a report from the federal pow- ler commission describing the St. Law- rence waterways project as offering au exceptional opportunity for hydro- electric power development “within ‘transmission distance of the most im- portant power market in the United States.” Insistently pressing for ratification of the treaty with Canada, now laid, aside temporarily by the senate, the president has fordwarded several com- parable reports. This latest asserted that the market was growing at a rate which would assure the absorption of St. Lawrence power by the time the rower plant is completed, adding: “Figures indicate that St. Lawrence power can be utilized over a wide area | at costs materially below what power generated by alternatives would cost.” Coal Miners Charged With Violating Code) Charges that some North Dakota coal mine operators are violating pro- | visions of the NRA coal code were made here Thursday afternoon and evening before T. J. Hogan, member of the divisional bituminous coal la- bor board and also a member of the national labor board. Miners who testified at the hear- ing charged that some operators re- fused to recognize the United Mine Workers in collective bargaining in| violation of the code and also vio- lated the minimum pay and maxi- mum hour provisions set up by NRA. Testimony was taken by a stenog- rapher and will be reviewed by the divisional and national labor boards before a decision in the case is han ed down. Hogan Saturday will conduct a} similar session at Minot to obtain ad- | ditional information. Principal witness here was David! McKee, organizer for the United ‘Mine Workers, who made the open- ing statement and presented the’ | Friday approved a proposition giving , |the government ever had,” said the} other witnesses. About 15 minera| were present for the session in the Terrace Gardens of the Patterson) Hotel. \‘Tit for Tat’ r Tat’ Policy Is Planned in Taxes Washington, 26.—(#)—The | house ways and means committee! President Roosevelt the power to in-| crease as much as 50 per cent taxes on | foreign individuals and corporations in this country who come from coun- tries which discriminate against American concerns and individuals in ‘ax assessments. ‘The proposal was by Representative Vinson (Dem., Ky.), and was adopted unanimously. Jt is aimed at France, he aid, ai other countries which levy ta: against American individuals and | corporations not only on the basis of | income interests in those countries but on the basis of income from interests | in the United States. Series of Burglaries _ Cleared by Arrests; Valley City, N. D., Jan. 26.—(?)—A | series of burglaries in numerous towns /| in southeastern North Dakota is ex- Dected to be cleared up by police as @ result of the arrest of two men By Enderlin, ‘The men are Donald Seigal, held in| the Cass county jail at Fargo, and) Alex Hanson, held here, on charges | of burglary. The arrests followed a raid on an} Enderlin residence Thursday by Cass, Barnes and Ransom officers. Con- siderable stolen loot was recovered by} Police. | WOULD CONTINUE CWA ‘Washington, Jan. 26.—(#)—President | Roosevelt was urged today by Gover-| |nor Olson of Minnesota to continue | the civil works administration in full | force beyond the May deadline. | “CWA is the greatest proposition | governor, “and the fact that some fel. lew stole two bucks shouldn’t stop | “Better than | | all the tonics I ever used” ‘Thousands of indoor workers are run down just like yourself: They catch cold easily, can't sleep, don't eat right, find life hardly worth living. | You Need Vitamins Vitamins keep you feeling fit. ‘Vitamin A promotes health, growth, and vigor. Without it you become FOOD TORES BUY | On ane Always. (ow A Large Variety of Fancy Fruits and Vegetables Fancy Golden _ Bananas 3 pounds . " Sweet Potatoes, 4 Ibs.. --25¢ P heeds Nets 15 | Oranges Lettuce 2 heads ....... ne Oranges New Cabbage, Ib. .......5¢ Carnation Navels, large size, doz.. Carnation Navels, Med. size, 2 doz. GLADNESS FRESH ROLLS AND CAKES And ‘One Package of COFFE ALE 3 Assorted Pkgs. Royal Gelatin DESSERT 15 Royal Chocolate Pudding . 1c Total for all 4 Packages 16¢ Chase & Sanborn’s L. Send for “Eddie Centor" Folder Can ORIGINAL WHOLE MILK 29¢ @PABSTET CREAMETTES Mother's Macaroni and Spaghetti LUX For All Fine Laundering LARGE PACKAGE We Deliver Phone Orders C. 0. D. CHEESE FOOD “ QUICK- COOKING MACARONI LIBBY’S RED Alaska’s Finest Fish POUND TALL CAN Ph. Die 3%: Pgs. "16¢ Whiter, Cleaner Clothes Without Scrubbing LARGE PACKAGE 22c These prices effective at Red Owl No. 2 on Broadway, Phone 740, and Red Owl No. 1 on Main Ave., Phone 469, liable to colds. Vitamin D builds body, bones and teeth. It is called | the “sunshine” vitamin. Why don't you try the vitamin | way to health? Now—thanks to modern discoveries — you can get the valuable vitamins A and D in conyenient, handy form. McKES- | SON'S has separated them from cod | liver oil and brings them to you in tablets. 3 McCKESSON’S VITAMIN CONCENTRATE TABLETS equal in vitamin value 2 teaspoons of high grade cod liver oil! Plus valu- able minerals (calcium and phos- phorus). Start at once taking these tablets after meals. They're fodd; not a Medicine! Give them to the chil- dren. Note the amazing results: fewer colds, greater resistance to disease, better appetite, more pep. Ask your druggist today. Tell him you want McKESSON VITAMIN CONCENTRATE TABLETS OF COD LIVER OIL. These tablets are chocolate-coated. No fishy taste. ‘They are the ONLY vitamin con- centrate tablets that bring you | minerals as well as vitamins. \n intrator of the entate of Anton Knoll, late of the township of Apple Creek, in the jcqunty of Burleigh. in, the vouchers, within six first publication of thi administrator at h th: juarter of section two in north, of range 79 west of the Sth principal meridian in Bur- leigh County, North Dakota, or to the Tidge of the County, Court of said Burleigh County at his offico in the Burleigh County, North Dakota Court House in the city of Bismarck, in Bur- leigh County, North Dakota. ‘ou are hereby further notified that Hon, 1G. Davies, Judge of the Coun- ty Court’ within’ ‘and for Burleigh County, and State of North Dakota, has fixed the 1ith day of August, A: 1934, at the hour of ten o'clock in thetfarsnoon ef said Gay-et the Court Rooms of said Court in said Court House in the city of Bismarck, in Bur- leigh County, North Dakota, as the time and place for hearing ‘and ad- justing all claims against the estate of sald Anton Knoll, deceared, which have been duly and regularly pre- sented as hereinbefore provided. Dated January 18, A. Knoll, of ait non ‘Knol, | George 8. Attorney oe Bismarck, Dakota. First Publication on the 19th day Fu Cats a D. 1934. fohnson, adminis. | fate of Lars Foss, de- ceased, late of the village of Driscoll in the County of Burleigh and State; of North Dakota, eceas 4, to the} creditors of, and all pert having claime agaliat said deceased, to ex: hibit them with the necessary vouch- Sra, within six monthe atter the first | publication of this notice, to said) loseph Johnson, administrator, at the | Office of Buck & Buck, attorneys, in, the city of Jamestown in Stuteman eof the Coun- | 0 hereby further notified that | I. C. Davi udge of the Coun- | Court within end for the County of | hy and Slate of North Dakot th day of August A. a relock tn th day, at ti Rooms, in the Court House in the city | of Bismarck in said County and State, time. and place for hearing M1 claims against, the sald rin RED OWL FOOD STORES Administrator. First Publication on the 19th day of January cy D. 1934, CO) (Full Getails of Vicks Colds-Contro! Plan in each Vicks package) VICK ZERR’S OPPOSITE MEMORIAL BUILDING WE DELIVER 25c . 208 6TH ST. PHONE 928 Apples, good cooking, 7 lbs. Salad ee quart jar ... '19c Milk, Swift’s Pre- mium, large can 6c Per case+ Pork and Beans, 1 Ib. can Cheese, Brook- field American, per Ib. ......28¢ \ Ib. prints, | per Ib. ..22¢ Oranges, sweet juicy, med. size, per doz. Quick Arrow q Soap Chips ... 15c (1 Baby Ruth Bar Free) lash Coffee, per Ib. 33 : (Shopping Bag Free) Lettuce, fancy, 2 heads ...1 Grapefruit, 80 size, iven by the un-/ | 2 7-02. pkgs. .. 196 Rich. nutritious and whole- than one cent a helping. WHEAT ~23c : Week of January 26th to pe Chocolate Malted Milk: . 38¢ (Painting and Cartoon Book FR! Oy re id 18K Diced, | fas No. 2 can 18K Diced, be Beeee White Crosby, ii Dot Oyster Crackers M CRACKERS 23.s% So": 8le CAKE FLOUR ‘sic. 25¢ MW PANCAKE FLOUR: x... 21¢ Macaroni Products seric.. Combination Offer: Extract, Carol imit. vanilla, 8 oz. bottle Laundry Soap, IGA, 7 bars . ro PINEAPPLES sr2:*. * SIR FLUSH. nae Saturday Specials LAMB STEW, Ib. ......7¢ HEAVY BACON, Ib. 12ke. HAM HOCKS, Ib. .10¢ Just received fresh shipment of Oysters and Finnan Haddie HOMEMADE SAUSAGES of all kinds Central Meat Market WE DELIVER PHONE 148 Twilling’s Grocery 601 Tenth Street Phone 1613 SATURDAY SPECIALS Butter, fancy creamery, Corn, white or golden, per Ib. Head Lettuce, large crisp heads, 2 for per dos. on Sunkist Oranges, lel size, ex. large, per While ‘dey’ Re a free shopping received Saturda: ‘WE DELIVER jars . with each order Phone 518 626 : SPOHN'S - SUTisicuaTeGt eam vis can creme choice ‘o the 29 ‘omato Cc drop, per _Ib..... Leche | 5 c ——_ Welch’s Pure Grape Jelly, 6-ounce Apple Butter, Minneopa Oc 2-Ib. pkg. Sugar, tl ee rel pack larshmallows, per_pkg. _. is 9c 2-Ib. pkg. Macaroni Brown Sugar, 3_Ibs. Gal. cans dark Karo Syrup, each 36-ounce ie” Pate 45¢ fancy 45¢ Try Head Lettuce and Green Top Carrots Kept Under Vegetable Sprays YHEMPEL’S SATURDAY SPECIALS "APPLES — Jonathans Creamery Crisp and juicy, $] .48 Pound 40-Ib. box .... 22c ORANGES Floridas, size 250, very juicy, 29 c Texas Seediess, dozen et 17¢ Phone 1612 ORANC'S California Sur GRAPEFRUIT CABBAGE Texas new, solid Fancy heads, Ib. ....... 6c| ste. =e sees Spaghetti 7-02. pkg. 6 for 25c Prunes, Hunt’s, No. 2% lacquered tin. 1 5c Peaches, Our Family, sliced, No. 24% Peas, Early June, No. 2 tin, 2 for... 23c Pickled Pigs’ Feet, “bone- .” select, 14-0z. glass .... Cocoanut, bulk, 1-lb. pkg. MACARONI ov 48c 10-pound box .... 17¢ Salad Medal, quart