Evening Star Newspaper, November 5, 1927, Page 18

18 REAL “BUILDING FACTORS JOIN TAX CUT PLEA! and Lumbermen| Nealtors Urite With Groups Asking Federal Reductions. tives of the National A« n of Real Estate pards and ational Lumber Manufactur tion this week joined with other groups in petitioning the House wavs and means committee to bring | about x reductions of one form or national men, nrgir in the | affecting property hold cinlly that Congress remove the “pen- Altv™ which they declared is imposed under the present law on the home- owner residence, Corporation Cut Asked. The manufacturers’ ) Timher repre reduced from 131 r cent to 10 per cent, charging now e discriminated the present law and in the conditions of the T would permit tax rate he 1 that Asury zht nal ate Boarc “Chesney. general counsel issociation, asked that the reve- amended to exclude from of a sale of a ed by the owner as his as they ave ex- Associ- 1 m Mac taxation Property eccu ce in within are set aside replacement fund for of another residence vear. imilar exemption from recognition zain already is made in the reve nue act where property held for pro ve use in trade or business or tment is exchanged for like prop v 1o he so used. Gen. MacChesne v ed. Failure to extend the principle e and repurchase of a house for | ipation as a residence would decid Iy penalize home ownership, which should instead he encouraged by the Federal Government. even at the ex pense of some tax revenue, the ass etion holds. Law Held Discouraging. *“When chased,” at the pr a e ce pre nts out, “it is hought iling at the time of who is obliged to chanze his | \ives asked that the corporation | han | ESTATE. kept with went on t | woman, | the day with them | her some of the a | her refusal. | she said. ny of the treasur v were going. hing— Roing!” tioneer. “Why, ‘nv.m\ worth a cent. heard that rasping the day and now it 8 loved libra crouching. Giles |vouns davs had band's employ tudied medicine w that | been taken into partnership. days Dr. ery well-to-do, nothing. do, and it was he | out the doctor's wife under a niert. | the doctor had | cage for borrowed. “Going—going." tionee; going. | ix ‘dollars, as he had gentlemen, That desk is worth $40, Offer “Five dollars and ten cents,” rsh voice quickly he old woman shiv as office hoy, some money loving care, just left it when he he long journey 10 vears before, crouched an old | with gentle but haggard face. | More than ope friend of the old doc- | tor's wife had begged her to spend h, thinking to save nguish of the sale. | Rut the old woman was positive in She must stay at home, to see that no harm came to es and to bid them od-by and to know into whose care the aue- it's ridie; ir it's in called something said a voice in the * rasped red. voice many She had times from one room to an- had come to the where she was Cady in his very entered her hus: then had ith him and fin: In tho: Rrooks had heen mn\mmm‘ and Giles Giles Cady was nu\\ well-to. ¥ had who was closing repeated the auc from the doorway. ix ten.” rasped Giles | A quick step cam | along the hall int ree months for an-!its owner glanced around. to the walked wife. straight 1 own Mrs. nd just heard. here. “I'm sor | thing T can do | “Not a thing, old_woman, to her eves. made me feel them, favorite: and you | | tever,” said the troubled voice, ¥ he said in a low Harr: the tender “Just vour better loved his young people, as he called were “He sat e up the stairs and o the library and Then he old doctor’s only an hour I came straight Isn't there some: smiled The doctor one of his “He saved my life when 1 had that oung man in a up with me | | at least half a dozen nights in suc- | cession, T wish 1 o | “It’s an rizht. | gayly. “I know how ing_and on 1 tell new residence is pur- | terrupted the old doctor's wife, almost borrowed capital. ounld-—" vou, Harry.” in- vou are just You that purchase and not at the time of [ needn’t worry about me. for I'm go- the purchase of his original For example, if a man's property cost him $15.000 in 1912 and he sells it in | 1928 for $30,000. he probably would have to pay $30.000 for another suit able residence and not $15 his first residence cost. “But in order to make that neces- sary change of residence. under the present Jaw. he mu ment a tax on the gain of $15.000 Thus this tax discourages such home | home. | 000 which | pay the Govern- | “Going—going —x (hp auctioneer. i " from | 1 doll | auctioneer smiled. “Twenty-five te: | owners from selling the old property: | and to a great extent discourages home.ownership.” ional Lumber Manufactur. iation was represented by Wisner, Laurel, Miss., In advi be reduced to 10 per cent, said, in|done in individual or partnership form | I meant to get ‘em, part: “At.the present time corporation taxes are the only Federal taxes still on a war-time basis. While other war taxes have eith heen n tax rate h: Wh inx on to the doctor hefore long. oing singson . gentlemen! the doorway. * snapped Giles. lar: called the oung man sharply All in the room turned quickly. Giles glared. he yelled. duced or entirely repealed, the corpora been increased mor than one-third since the war. “The net profits of busines who | corporate form are taxed at a rate of | s ne that the corporation tax | 131 per cent. and the same husiness | here and as you wouldn't give ‘em up pays taxes at the rate of 5 per cent. tax is therefore inequitable in that it | his bills hefore he died iminates as to the form in which ' was'a ‘mu A Bargain Chev E‘ Connecticut Avenue unusual features. % wood floors. planting. in 1415 K Stre car line. the terms. done ir maximum normal The corporation N the heart of this beautiful village with its quaint environment—only a square from the Of pleasing de- sign and with a setting of profuse planting. 6323 Delaware Street This Home was not built from stock plans— but specially designed—which means many ix cozy rooms; open fireplace; big porch; perfectly equipped bath; hot-water heat; hard- Screens everywhere, all openings weather-stripped, and pretty striped awnings. Commodious garage. Lot is 70x115 feet, with pretty hedge and The necessity of selling is reflected in the price and the advantage of buying is emphasized Open for Inspection Sunday from 1 P.M. to Dark, .,. ,,‘_,I 1°KEEVE v | Brooks. the | e The | ~ THE EVENING STAR, WASHINGTON. THE EVENING STORY The 01d Doctor's Wife. P in the doctor's old library, amped across the room. “What do vou' mean, sir—what do 2" he spluttered, . that T may get the desk, of What did you mean by bid | ding azainst the others? You ted | the desk. too. of course. It's really a very valuable article. T helieve the doctor was your henefactor, though, so naturally You want it.” Giles half opened his though to make some angry | But the room was watching forced a sickly smil turned away. “Thirty-ten,” “Thirty-five,” “Thirty-five ten The young man Inoked at his com panion with an amused smile, in which | was wonder at the manner of his| | competitor's bidding. Giles' repu tation dlrl.nol lean that way. and he muttered. orty-five ten." The room's amusement hid chanzed to amazement. What did it mean? There evidently was something be- hind it all, for Giles was not a man to throw a y even a cen;, “Rifty.” “Please, Harry,” whispered Mrs “You've goaded him far The desk is invaluable to but couldn't be to Giles. I don't tand.” | Harry nodded, and when the sav | “Fifty_ten” eame, remained silent. At the “Gone to Giles Cady.” the new owner sprang forward and Legan | to open drawer after drawer i1 his evident anxiety, seemingly for | of the onlaokers. The old doctor whtched him curious othing there, “except in the third right, tor's letters. 1 meant to have tal hem out, but neglected it. You m hand them to me now, as they are of no use to you." “I bought the desk everything about it,” ungraciously. He pulled out the third drawer and took from it several letters, which he examined carefully, opening and shak- | enough. me, unde wer from the | which Giles retorted velopes. Then he tossed them con- temptuously to the old woman. “Take 'em if you want ‘em,” | rasped. “They'ré no good." He was heginning to recover his composure now that the desk seemed | {10 he empty. And. hesides, he was heeoming conseious of the curious and leven suspicious glances of those |around. "He lrughed constrainedly. ““Jest looking to see if the drawers | pull in and out easy,” he muttered. | “I'm sorry you can't find what you | are looking for, Gil spoke up the woman quietly. e § | that you came here right husband’s death and insisted on searching the desk for some papers that belonged to you. I refused, he- cause 1 haven't trusted you for a 2o0d manv vears, Giles. But I looked the desk through and there was noth- ing in it belonging to you. times since then you have tried to ! get into the room and once when vou | thought 1 was away. But unfortu- | natelv, this very chair and awakened in time to frighten you off.” “I thought some of my papers were he rasped Giles dns{cedl\ “The doctor must have | burnt ’em when he destroyed a lot of He always hiftless old fool that w; mouth, a!“ retort. | he | e to his face and | she rall-\d,: | remember now | after my | Several | 1 happened to he sleeping in | | | | | |1 few | which has several of the doe- v {and his beady means . ng them out and looking into the en- |V IE | | you, Giles qualied under the scorn of her { voice. “I don't want you to allude to my hushand in any way, Giles,” she went on. “He made you—or 1 mean, he tried to, and failed—and in some way I do not understand all the misfor- tunes that have come through you, directly or indirectly. After the sale is over 1 suppose this house will be- long to you and the instant it Is legaily %o T shall ko out and I hope we shall not see each other again.” “With all my heart,” grinned Giles, maliciously, “and I wish T had my money back so you could take this old hox along. The voung man had heen watching with a curious light com- res. don’t want the desk?" he %ed, with an appearance of care- . 1 don't,” shortly. whole dollar to back out. excited.” “All right,” said the young man, looking toward the auctioneer. “I'll :0 the 50 and 10 and take the desk. Now T want you to hold the auction minutes, T may be mistaken, wit 1 helieve there is something be- nind this. 1 have a friend who has “T'd give a me a number of secret drawers ahonut T have an idea this desk has the ame secret _receptacles.” He stepped toward the desk and at he same moment Giles Cady sprang rward “Don’t you threatened Hold touch that des “It's mine, and this fellow hack, some of for a few minutes,” the younsg man requested. The auctioneer stepped In front of Giles, = “Better stand quiet a little | while,” he advised. “I'm working for you, T know, hut you've been acting sort of funny, and folks won't stand too much. specially as evervbody likes the old doctor's wife. Now you can 30 ~head.” to the yonng man. The young man slipped a hand in under one of the larger drawers and touched a spring somewhere, and in- stantly from what seemed solid wood | 1 was jest | | i |e | | D, 1 desk exactly 1ike this, and he showed ' Mself. | Explorer | Roald Amundsen, Arct | York. | Explorers’ a little drawer shot out. Giles saw it | eves began to hlink with something that might have been | aporehension, Tn the drawer were several letters. The vounz man glanced at the out- side ‘of the envelopes and his eves | Rrew tender. He carried them to the | vours,” he said in a !r\\\; hink.” to the desk and ’u:’lln slipped his hand in behind somew and another tiny drawer slid out mlpdq with papers. The young man glanced | over them rapidly and passed one to the auctioneer. Giles made a grab for | it. hut was pushed back hy one of the strong hands of the auctioneer while the other held up the paper As he read it the auctioneer's lips | pursed themselves into a whistle, and | he strode to one of the windows, which was open. People below were carry- | ing out some of the things they had Hi there!" e elled the auctioneer, . ut everything back in its The whole auction's off.” Then e went back into the roo W “hm‘:« _the matter blustered Pmuc'! walle and decorations Over 600,000 Installations Shuelds. $6 00 up: Enclosures $36.00 up American Metal Products Corp. 410 Rond Bldx Main 3934 ]Hfl said he may go to “written 1o’ the doctor before | NED speed A Bargain in Edgemoor, Md. It is right in Edgemoor—on the first Lane that leads into this exclusive section—with a setting that is superb—and a Center-hall Colo- nial House that just fits it. 4801 Montgomery Lane A big 6-room Home—which means the rooms are of unusual size; and arrangement— beautifully finished; with elegant tiled bath; hardwood floors; artistically treated walls; big closets; bright and cheery kitchen; hot-water heat. A corner lot—that is of splendid size tily planted. ; pret- Price Reduced to $11,500 nd terms are adjusted to make quick sale and easy Open RGOS ervice buying. All Day Sunday and Every Evening. Main 4752 | | | i SATURDAY, the rasping voice of Giles, trembling in_spite of his efforts at bravado. “What right have you to call my auc- tion oft?” The auctioneer only grunted con- temptuously. “Just this right, young man, sternly. gave to the auctioneer fa vour ceipt and cancellation of the mort- gages in full, so this house and all its contents belong to Mrs. Brooks. sides all this, 1 have several papers here, receipts and other things which involve yvou pretty seriously, I should judge. w, 1 know Brooks wouldn't but T shall hands, ever, I will compromise w tleness by giving vou just make restitution of everytl You know what it all is without my enter. ing into Now, gol” Giles slunk from the room. young man went to the old doctor's wife and took her hand. “I am glad.” take this into my own nd. How- h her gen- he said, ean tell at the way things are coming | v out.’ “And T am glad. her eves shining. for I s doctor pretty rather have it th AMUNDSEN IN BERGEN Refuses tao.” she returned not sa much for be going Rut he would to Explain Abrupt Departure. OS1,0, Norwa ovember rived at Bergen yesterday on |h.~ to the! | 5 .| explorer, ar- | Paint Sprayers Fatal to Navy Yard ployes to a slow death by the use of paint hoard ships Be- | was charged vesterda agher, before the of Review, Department wvant to prosecute anybody, |representatives of navy for increased wages, These painters, should at hours to | rate of wages for having to use these machines, % sought in some States, NOVEMBER 5. 1927 The Aaily. | R. corroborating that he had spent three ve: trenches bad or as danzerous alleged | were a worse mer “more than 1|vet the s foxcing its empl H. ¥RAT ESTATE. |U. S. AUTHOR IN MOSCOW Workers, Wage Review Board Is Told| TO STUDY SOVIET WORK Denjes He Is Delegate to Celebration—Plans Theodore Dreiser Government s sending em-|of one of thess requiring | carga holds of ship: spraying .machines | required in navy yards, it Mr. Gallagher also told the hoard v by William .| that the painters in the navy yards representing tha painters. chould he paid at least the same rate avy General Wage Board | paid by private emplovers. He said now sitting at the Navy | this $14 a day in Brooklyn listening to appeals of | Representatives Gt yard employes | makers zed thar oy waz board never dealt that these workmen to understand wh iovernment esta ere so much lower than the iean standard, It was that the loeal wage boy ike into consideration all conditions licable in fixing the annual rate such as cheap alien labor orks for long hours, and honu ay guns in where they the v Social’ Survey. and OW, November 5 —Thaeodore arrived here the guest of the So- n author ion of the Bolshevt.. val at this as his sacial experi- without any impression, I watched the vil n windows 1 saw e hasis of ‘Dos and Turgeniev's it was pointed out, least be allowed a hig of h s “cord nse of their regulation wh allagher, b anger to health that these spray g Y » than of Sta tha United < to use them y\ Another allezed diserepaney in the work of the local hoards was poin aut in that heards In two territories @ take their data from the sa recommended a rate with discrepaney. of the Norfolk Mr. Gallaghe Moyer yard sid s in the not d gh modernized, fs and life there Moscow vhiff of Asia as the hand nt ol e——=ln]e———n]————|o] ———=|a|——|o| ——|n| steamship Bergensfjord from New | o] refused of his He planation to give any ex abrupt departure | | trom America, which necessitated the | canceling by his manager of several | lecture engagements and caused sider withdraw nml to bestow upon him, Amundsen =aid that any talk of getting married was nonsense. onth America me lectures 1 of a medal it plan- | | for a visit and to make s He is due here Sunday. a bicvele rider, is produc in Berlin by pedalir round the rim of a r volving tunrtable, wich is operated by an electric motor and tilts in various directions as he ride Crowds Visit WASHINGTON STAR MODEL HOME Built By M. & R. B. WARREN CO. in beadtiful CHEVY CHASE The newest ideas in home con- struction and equipment are (leHuhl-_ ing crowds of visitors to the Wash- ington Star Model Home, huilt under Home Owners Institute guidance as a Demonstration Model Home. The location is 4017 Leland St, Chevy | Chase, Md. BY MOTOR: Drive out Connecticut Avenue to Le: and St. turn left on Leland St. 4 Docka ts vome 1 BY STREET CAR: Take Chevy Chase Lake car, get off at Leland St. walk 4 hlocks west o home: or take Wis Ave. Alta ‘Vista to Leland St blocks east to hume. Protect Your New Home The Home Owner's Safeguard Policy covers this Model Home by certifying astoquality of ma- terials and equip- ment. You can similarly protect your new home. 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Xame Street address . . .. Cith.iosrrarens