Evening Star Newspaper, July 22, 1932, Page 19

THE EVENING STAR, WASHINGTON, D. €., FRIDAY. 1932, 1.5, FARMERS OWE NEARLY 14BILLIONS Annual Interest Amounts to About $900,000,000, Eco- nomist Avers. B the Associated Press. The total indebtedness of American farmers is roughly estimatad at $13,000,- 000,000 to $14,000,00,000 by a Federal who places the annual in- crest cherge at about $900,000,000. J. Wall of the Burezu of aral Economics, who made the says much of this interest burden might well have been avoided by “a more conservative use of credit.” s to explain, however, that ce cn credit is by no rsal of farmers,” and that as a class they “have smaller credit obligations in proportica to their ets than have most other economic 1ded in the tcfal debt, Wall says, §s an estimated sum exceeding $1,000, 000,000, repres merchant credit o1 which the int tween rd 20 per cent. Greater Care Needed. lopments since 1920 e importance of a ve use of credit in the pro- cgram of the farmer,” he ex- plains. Although it is impossible to avoid a large part of the distress and rcial embarrassment from such a drastic price decline as has occurred in nt years. many difficulties are due to the careless use of credit. | are due to the lack of credit e proper amount and at the proper ime.” The type of credit employed in agri- culture, he points out. falls mainly into four classifications. ‘These are real estate mortgage credit, short-term loans. intermediate-term loans and merchant_credit. The total farm-mortgage indebted- ness, which exceeds all other types of agricultural credit in volume, is esti- mated to be well in excess of $9.000,- 000,000, notwithstanding a slight re- duction in the last few years, of this reduction has been the result of amortization of principal, but primarily it_has come through en increased volume of foreclosures. term indebtedness of formers is represented chiefly by loans al banks in agricultural areas. is placed at less than Data Unsatisfactory. ry estimates of the amount m loans are ¥ A large propor- this type is in- anced by s. Additional amounts have been vanced by live stock-loan companhies &and by farm implement companies, Data on the amount of cutstanding merchant credit were found somewhat meager and unsatisfactory. Other short-term obligations of farmers, owed largely to individuals, and for which no estimate is a‘ailable, doubtless, in Wall's opinion, register a substantial sum. “In all” Wall says, “the total in- drbtedness of farmers for all purposes may be roughly estimated at $13,000,- 000,000 to $14.000,000.000. The an- nual interest charge on this indebted- ness may be assumed to average about 6 per cent on real estate indebtedness, 8 per cent on the short-term indebted- ness, and between 15 and 20 per cent on merchant credit, making an annual carrying charge approximating $900,- 000,000.” ALLGOOD RECOVERING FOLLOWING OPERATION Chairman of War Claims Commit- tee Taken to Hospital After Sudden Illness. Miles C. Allgood, bama, was resting well al today, following an day. to agriculture country . who recently was re- T home ‘Taken ill, he was sent to the hospital not | vesterday. | [Director of Gentlswoman’s Division in Hoover-Curtis | Campaign Impresses West. |Mrs. E. A. Yost Has Long Record of Achievement in | Political Affairs. | Special Dispatch to The Star. | cHICAGO, July 22 (NAN.A)—In a large corner room on the sixth floor of | the Palmer House here a small, blonde, | gentle-mannered woman is clearing her | desk for battle. She is Mrs. Ellis A. Yost of Huntington, W. Va., and Wash- ington, D. C. The important job of director of the woman's division of the Hoover-Curtis | campaign rests upon Mis. Yost. As shce | smiles up at visitors from behind a large | desk | kindly for such a large and combattive | task. Blue-eyed, slender, always smartly not betray the keen executive powers | she ses. And the blue glass ball with its trailing ivy which she has hung in the window back of her chair em- phasizes her feminine charm rather than her administrative qualities. Work Moves Steadily. Steadily enlarging Republican wom- en’s clubs testify, however, that during the two vears she has held her present | post her wide experience has been felt | throughout the Nation. “There has been no adjournment of | politics since the 1928 election so far as | Republican women are concerned,” she says. “They have beer holding meet- | ings, sometimes attended by as many as | 5,000 women. | " “Women were credited with a large | part in the election of Herbert Hoover in 1928. They had a magnificent or- | ganization then, and this has been ex- (tended and intensified until in many States the wemen are all ready to start active campaigning today. | " “strange as it may seem in these com- plex times, more women than usual -are Part | volunteering their services. This is one | |of the many indications that they are even more deeply interested in the litical situation today than they were | four years ago. | Battled for Suffrage. | “We are convinced that women will take a decisive part in the election of our next President. And we have every | reason to bolieve that they have the | same loyalty to President Hoover that they exhibited four years ago.” Soon after her marriage her husband FEMININITY OF WOMAN LEADER HIDES EXECUTIVE ABILITY she looks almost too feminine and | dressed in cool pastel colors, she does‘ MRS. ELLIS A. YOST. she quelled the opposition—her man colleagues called that manner a com- | | pound of “rare tact and soundness of | ther service. | She immediately was appointed a| | member of the Republican National| | Committee. West Virginia, which calls | | ber one of its greatest women, mads |0 her the only woman member of the | | State Board of Education. And her| | party chose her for chairman of the important Platform Committee at the judgment”—recommended her for fur- | d State convention of 1922, | (Copyright, 1932. bv North 1 News- | | paper Alliance, | $8704%9.711 DROP INFEDERALTAXES Income Returns Show Larg- est Falling Off in the Past Year. Federal taxes fell off $870,499,711 in the fiscal year 1932, as compared with 1931, according to figures made public by the Internal Revenue Bureau. Income taxes showed the largest drop, falling $803.383,799 during the period. | The tobacco tax decreased $45,697.884 and the stamp tixes were $18,042,910 less than a year ago. Corporation Taxes Drop. The individual income tax collections declined from $833,647,798, in 1931, to 427,190,581 in the 1932 year. Corpora- tion ‘taxes, which were $1,026.392.699, in 1931, produced only $629,566,115 in 1932. Estate taxes dropped $65€,013 to $47,422313. ‘The tobacco tex, which was the last form of taxation to feel effects of the business slump, produced $398,578,618 dent. | ing 1932, as compared with $144.- | 276,502 the previous year. Cigars de- creased $3,817,787 to $14,207,679, but the chief drop was produced by cigarettes, The only artic! bracket which thowed an increase for the fiscal year was cigarett> papers, which produced $1,700,502 in taxes, gaining $258,676. | States Navy Band under the direction | of Lieut. Charles Benter. The program in the tobacco robbery, criminal assault and kidnap- | issues, etc., decreased $5,558,843 to $9,- | 198,539, while the tax on capital stock | sales or transfers dropped $7,823,842 i0 $17,606,129. 'The miscellaneous bracket decreased $1,006,375 to $1,847,076. Admissions to theaters produced $920,258 less in taxes in 1932 than in the previous year, bringing in a total of $1858,605. Club dues fell off $2,- 273.136 to $9,204,587. During June, the last month of the | fiscal year, the number of cligarettes | taken out of bond in the United States amcunted to 10,560,212,050, as compared with 11,508,062,422. Playing cards also chowed a sharp decrease in June with I NAVY ORDERS | Lieut. Comdr. Currey E. Eason, duty | as assistant gunnery officer, U. 8. 8. Lexington. Lieut. Comdr. John M. Haines, duty | as assistant gunnery officer, U.'S. S. Tennessee. Lieut. Comdr. William F. Loventhal, duty as assistant gunnery officer, | U. 8. S. Maryland. Lieut. Comdr. George F. Martin, duty as assistant gunnery officer, U. 8. 8. only 1,643031 packs being tax paid, New York. i) against 4,397,769 packs in the same | Lieut. Comdr. Christopher C. Miller, I menth last year. | duty as assistant gunnery officer, i o T e U. 8. S. Oklahoma. Lieut. Comdr. Julian D. Wilson, duty | CLUB HEARS NEW MARCH :fln&i.sunt gunnery officer, U. S. S rizona. Lieut. James L. Holloway jr., detached Composition Played for Newspaper assistant fire control officer; to duty as assistant gunnery officer, U. S. 8. Ne- Men by Navy Band. | vada. “Thz National Press Club March,” | LL“'“L"%W““ :"lmf;i‘g' detached as | composed by Henr " o1 | assistant fire control officer; to duty as 1 P . Y Fillmore, well| ;. ctant gunnery officer, U. 8. 8. Colo- known Cincinnati band leader, was| rado, played for the first time for members| Lieut. Harold sM. Martin, detached of the club yesterday, by the United | command V. F. Squadron 3A (U. S. 8. Y ay, by the United | FOTCIEV: to V. 8. Squadron 2B Lieut. Charles H. Rockey, duty as as- | C sistant gunnery officer, U. 8. S. Arkan- | was broadcest over a Natfonal Broad- | sas. | casting Co. network. | " Tieut. (Junior Grade) Edward F. The gratitude of the club for th Gallagher, detached Naval Training dedication of the march to it was ex- | Station, Norfolk, Va; to command pressed by Bascom N. Timmons, presi- | U. S, S. Eagle 56. Lieut. (Junior Grade) John H. Long, | detached Naval Academy about August | 13, to Harvard University. Lieut. (Junior Grade) Farar B. C. Martin, on discharge treatment, Nor- | Whipping Criminals Proposed. PARADISE VALLEY, Wash. July \\g:)ich declined $41,382,107 to $317,533,- | 22 (#).—A proposal to legalize whipping [0k Naval Hospital, Portsmouth, Va.; | as “an added punishment” for highway | t© U. 8. S. Mississippi. al ing was unanimously indorsed by the | Tcdioal Corpu State Superior Judges' Association in| Lieut. Comdr. Benjamin W. Gaines, session here. The recommendation | detached Naval Operating Base, New | was part of a plan looking toward | Orleans, to Naval Station from New Under the documentary stamp brack- | sweeping changes in the State's penal | Orleans. ‘et, bonds of indebtedness, capital stock | system. Licut Comdr. De Witt T. Hunter, de- B3 | tached Marine Corps Base, San Diego, Calif., about August 13, to U. 8. 8. Fulton. Lieut. (Junior Grade) Roy F. Can- | trell, detached Naval Hospital, San | Diego, under instruction to duty Naval | Hospital, San Diego. Supply Corps. Comdr. Raymond E. Corcoran, on | discharge treatment, Naval Hospital, San Diego, Calif,, to U. §. S. West Vir- ginia. Construction Corps. Lieut. George A. Lazar, to duty 11th Naval District, San Diego. Warrant Officers. Chief Gunner Oscar E. Anderson, de- tached Naval Ammunition Depot, Fort | Mifflin, Pa., to U. §. §. Dobbin. |, Chief Machinist Wiillam Twigg, de- | tached U. S. S. Brazos, to Navy Yard, | Portsmouth, N. H. U. S. S. Altair, to U. S. S. Brazos. | _ Chief Pharmacist Jefferson O. Forte, detached Naval Hospital, Charleston, Z % to Naval Hospital, Parris Island, —_ Charity appeals broadcast over the radio in England last year brought in previous 12 months. & G BUS EXCURSIONS to CHAPEL POINT Bathing : Dancing : Dinners Every Saturday and Sunday Fare $7 25 Rown 1o Busses Leave 1:30 P.M. THE CAPITAL TRACTION CO. TERMINAL 1416 F St. N\W. NAtional 1075 Machinist Joseph M. Lenart, detached | $328,500, or $55,000 more than in the CAPT. STREETT SHIFTED | —— ‘Flyer Will Go to Command and | General Staff School, Kansas. ‘ Capt. St. Clair Streett, Army Air G native Washingtonian, who led the fa- | mous Army Alaskan flight eight years | 8o, has been ordered to duty as a student at the Command and General Staff School, Fort Leavenworth, Kans. For several years Capt. Streett has been chief of the flying branch of the Army Air Corps Material Divisior, Wright | Field, Dayton, Ohio. Cupt. Streett will be succeeded at Wright Field by Capt. Victor H. Strahm, cne of the few World War aces remain- ing in the service, who has just gradu- ated from the Air Corps Tactical School, Maxwell Field, Ala, Demand for penn stage is bels | revived in England. 7 ey =~ A Health Message To Wives nine hygiene. 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When the question of ratification came before the West Virginia Legis- lature it was the thirty-sixth State to |act. the one which could make the nineteenth amendment a part of the Constitution. Two weeks before the vote unexpected and violent opposition developed. The able manner in which Wife Was Fat No Longer Attractive Lost Husban!’s Love The above headlines appeared in a New York newspaper of April 4 in connection with a divorce trial that has attracted wide attention. “She was a beautiful woman,” one witness testified, “but she got fat and is not attractive any more.” Thousands of women are getting fat and losing their appeal just be- cause they do not know what to do. If you are fat how would you like to lose it and at the same time gain in physical charm and acquire a clean, clear skin and eyes that spar- kle with buoyant health? ||| And sain in energy and activity? '|!, Why not do what thousands of women || have dore to get rid of pounds of un- $69.75 3-Pc. Jacquard 1. 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