Casper Daily Tribune Newspaper, May 16, 1924, Page 5

@RIDAY, MAY 16, 1924. NEW PROGRAM IS PROPOSED (Continued ee Page One) producers thereof by reason of the price received for the explorable portion of the product concerned as the domestic price, he shall declare respect | has export equali- tation fee shall be paid upon such portion o fthe prefuct concerned as is exported. Such a fee shall be ap- proximately equiya’ent to that tar- iff upon imports into the United States of the product concerned, per unit of such product, less a euf- ficlent percentage to prevent exces- sive impo} “An excise tax shail be levied up- om ajl of the product concerned, which {s scid during the emergency period,. The excise tax shall be ca!- culated to produce an amount suffi- empowered to levy and collect the excise tax, pay the equalization fee and conduct all oper business in connection therewi In order to shi while getting under way, the Ssh ogame would be authorized to borrow not to exceed See Ne. Also it would be empow- borrow as against future ey eanoatincy in case they did not ane in sufficient volume at times meet istration expenses, uae the borrowing wou'd be done in the open market, certificates of in-| D he sano in any other business. They would bear interest at current rates and be payable on or before the close of the! trv period, emergency The excise tax would be collected either in the form of certificates or the levying of stamp taxes on each barrel or sack of flour or they would be attached to exporters’ bills of pa In the case of animal products, it has been suggested that they be taxed at the packing plant. Regardless of where it is,paid, it would be charged back to and be paid by the producer o¢ grower. An illustration worked out by Mr. Drummond is as follows: Domestic price of wheat ts based on word price, which is $1 per ited, | bushel. The tariff is about 45 cents. together with all expenses of oper- atey the plan. emergency export corpora- tion Satie be created. Its directors shall consist of the secretary of agri- culture, the secretary of commerce, the secretary of labor, the secretary of the treasury and one other ap- pointed shall be chairman and man- aging director. ‘The corporation sha!! have no capital stock. It shall be The crop is about 700,000,000 rruspele -}cents per bushel on 700,000,000 bushels and it would yleld a rev- enue of $42,000,000. Then an export equa'ization fee of 40 cents would be paid at the port of export, amounting to about $49,000,0¢0, teaving about $2,000,000 to cover ex- penses or to be rebated to those up- on whom a tax had been levied. The result would be that the domestic price would be $1 less § cents ex- cise tax plus 40 cents in export fee, or a total of $1.34 as the final price of wheat. If desired, a higher or a lower scale could be used. Mlus- tration: Pay an export fee of 60 cents a bushel. This would require an ex- cise tax of 8.6 cents and result in a net increase of 51.4 cents per ushel, foregoing be neither but a simple application of the method by which domestic prices are protected by the tariff in other commodities. If the McNary- Haugen bill is beaten, as seems like- ly, this plan will be selzed upon as @ substitute but it has the merit of involving no expense to the govern- ment which may commend it to the administration. aa BY (1.5, GRAND JURY (Continued From Page One) Two other indictments were sup- pressed because the defendants are fugitives. The number of indictments {s the smallest returned by any grand jury _in_the Wyoming federal court Che Casper Daily Cribune in recent years, a fact resulting frum the turning over to state courts of many defendants charged with violation of the federal prohibi- tion act, whose violation of the fed- eral act involved violation also, of the state prohibition law. a RN ee eh $ REPORTS UPON HOUSE PROBE |::"22""0%s ARE TAKEN UP WASHINGTON, M May 16. —The conclusions of the house committee which has Investigated allegations Against Representative Langley, re- publican, Kentucky, recently con- victed in a federal court. in that state on charges of violati + the prohibition law, and Representative Zihiman, Republican, Maryland, are ready for consideration of the house. The charges against both repre- sentatives, involving alleged im- proper use of their Influence, were investigated by a grand jury, which returned an indictment against Rep- resentative Langley, but found no cause for action against Represen- tative Zthlman, and the house com- mittee has devoted most of its time to taking evidence in the matter pending the outcome of the Kentucky trial. Like the grand jury, Chairman Burton and other Republican mem- bers of the committee asserted re- cently that it had found no evidence to sustain the charges agains the Maryland representative. “Silent Zone ” Mystery Holds PARIS, May 16.—Ten tons of mel- enite was exploded last night at the Courtine Camp, in the center of means CALUMET The Economy BAKING POWDER Has proven most satisfactory Science Study}: France, as one of a number of élab- orate tests in an attempt to solve the. mystery of the “zone” of silence first noticed during the world war, when it was found that the sound of heavy gun fire was inaudible in certain places although heard dis- tinctly in farther away piaces. Physicists and mathematicians both in England and in France are watching the experiments with great interest. ei dato 2? 2 Wyoming Motorway ? ? ? SEX TuuTea are test PAGE FIVE. 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Coffee is not high-priced. It is eco- nomical to buy—and economical to use. Hills Bros,, San Francisco, CHALLENGE REFRIGERATOR F EATURES SEAMLESS PORCELAIN LININGS Made of Selected Northern Ash Wood Golden Oak and White Finishes Sanitary Removable Trap Drain and Drip Pipe TAKE ADVANTAGE OF OUR CONVENIENT CREDIT PLAN Chamberlin Furniture Co. Visit Our Drapery Department Second Floor Lions and Kiwanis Baseball Game, Thursday, May 29. Proceeds go to Girl Scouts Camp Fund, Maximum of Refrigeration With Minimum of Ice 7 Consumption AT MOST REASONABLE PRICES Solid Brass Trimmings Nickle Plated Lever Locks Phone 37 Branch Exchange Connecting All Departments SECOND AND DAVID STREETS © 1924, Hills Brow.