Evening Star Newspaper, August 13, 1935, Page 5

WOAN TO ENTER | CROSS.. . FIGHT Seeks Permission of Man| Pilots to Be in Bendix Air Derby. By the Assoctated Press. | CLEVZILAND August 13.—Miss | Jacqueline Cochran, Los Angeles so- | ciety woman and fiyer, intends to find out if the man pilots entered in the Bendix Transcontinental Derby of the national air races, August 30 to Sep- tember 2. are gallant enough to per- mit her to compete with them. Miss Cochran signified this inten- tion in a letter received today by Clifford Henderson, managing direc- | tor of the races. Miss Cochran inclosed her entry fee for the race and said she would like to participate .-“if the male en- tries would waive the rule restricting the race to men only.” Henderson, who already has ob- tained permission for Miss Cochran’s | participation from the National Aero- | nautic Association. said he believed | the masculine pilots would demon- ! strate that chivalry still lives. If the men waive, Miss Cochran would be the first woman to partici- pate in the derby, which leaves Los Angeles for Cleveland and which pays extra prize money to the aviator set- | ting a new record from Los Angeles to New York. The winner of the race to Cleveland wins $4,500. Miss Cochran entered the London- Australia race last Fall, but only reached Italy with W. L. Smith, who | flew the plane for her. ' Cambell of New Jersey leans over out a license. COLORED REPUBLICAN CLUBS BEING FORMED' Montgomery Voters Organized for Active Part in Next Lieu of Proposal L Campaign. Bpecial Dispatch to The Star. ROCKVILLE, Md., August 13.—Un- der the direction of Simon O. Smith of Rockville, a member of the Repub- lican State Central Committee for Montgomery County, the colored voters of the county are being or- ganized into clubs with a view to hav- ing them take active parts in next year's presidential and congressional campaigns. The last club to be organized was et Senaca, Harry Clipper being named president: Furman Plummer, vice pres- icent; Charles Plummer, secretary, | By the Associated Press exemptions and raising all surtaxes: | Surtax bracket $1,000,000 to $1.500,000 $1,500,000 to $2,000.000 $2.000,000 to $3.000.000 $3.000,000 to $5,000.000 $5,000,000 to $7.000.000 $7.000.000 to $10.000.000 | Over $10.000.000 Tests Law by Breaking It THE EVENING STAR, WASHINGTON, D. T. TUESDAY, AUGUST 13, 1935. 3 BILLION PROFIT IN COIN JUGGLING {U. S. Money Policy Nets $2,800,000,000 on Re- valuation Alone. By the Associated Press. ‘The Government has been “making | money” in a big why out of its power | to issue currency and “regulate the value thereof.” Seigniorage on currency issued under the silver purchase act and on | coins turned out by the mints has boosted total “profits” on the money- | issuing privilege in the past year and a half above $3,000,000,000, Treasury figures said today. That included MEAT PACKERS HIT WALLAGE CHARGE Propaganda Claim Scouted as Secretary Defends Pig Slaughter Program. A statement by Secretary Wallace that “a Nation-wide effort is being made by packers and others to un- cermine the farmers’ programs by spreading malicious and untrue propa- ganda” in connection with rising hog prices, brought a quick denial today from the Institute of American Meat Packers. In a statement issued here, institute said: “The meat packing industry has | the Tax Bill Comparisons Revenue-Raising Capacities Slashed to $249,000,- 000 by Senate Revisions, $1,000,000 Under House Measure. Following is a comparison of the estimated revenue-raising capacities of the Senate provisions of the tax bill adopted yesterday and those agreed to Saturday, and the House bill; Senate bill before reviison. House bill. Ta; Estate and gift taxes__ Inheritance and gift taxe Income and surtaxes X Corporatjon tax __. 60,000,000 Capital stock and excess profits tax. 45,000,000 Intercorporate dividend tax. 39,000,000 _____ S —— 28 KX $110,000,000 45,000,000 15.000,000 80,000,000 $445,000,000 $250,000,000 saved, the Secretary said, and lbnut! littered by the 222,149 purchased sows) 100,000,000 pounds of cured pork were: the number of marketings in 1934, distributed to families on relief rolls. | when nearly 68,000,000 were slaugh- wE¥ A8V REED SAYS G.O.P. CAN WIN IN 133 Missouri Democrat, How- ever, Says Roosevelt Can- not Kill Democratic Party. $2,800,000,000 arising for revaluation | made no such statements as those to Business is brisk at Red Bank, buying potatoes—without. paying sales tax. at 25 cents a hundred, defying State authorities. $1,000 fine or a year in jail for non- He is, he said, waiting now to see what happens. Income Tax Schedule Senate Finance Committee Approves Program in and Raising Surtaxes. Here is the new individual 1icome surtax schedule approved vesterday by the Senate Finance Committee in lieu of the La Follette proposal lowering of Colorado, Clark of Missouri, Byrd | as reported by the Associated Press Rhode last Saturday, that the “destruction” Island, all Democrats, and the Pro-|of sows under the A. A. A. program Wisconsin. | combined with the drought to raise $833,000 There was no record vote taken on | prices drew particular criticism from 1.143.000 | saturday when the schedule was Wallace. *Tax computed on highest bracket in each case. |of the dollar in gold. Nearly $150,000,000 has been real- | ized from printing silver certificates, representing the difference between the cost of the metal and its mone- tary value of $1.29 an ounce. In addition, the Treasury has rung up in its cash register since June, 1934, about $70,000,000 in other seig- Demand for small | nicrage income. coins increased substantially. ing them returns lucrative profis | over the cost of the silver, nickel and N. J. as Assemblyman Theron Mec- to accept payment from customers McCambell sold 13,300 pounds He said he faces a collection of the tax and selling with= But Uncle Sam is the only one in this country taking big profits out of money manufacturing, according | to Treasury officials. | Despite a five-fold increase in the amount of counterfeit notes and coins seized during the depression, secret service men said there was no | indication that makers of bogus | money were getting rich. | —A. P. Photo. posed the La Follette schedule: Dem- ocrats Connally of Texas, Bailey of North Carolina, Lonergan of Connec- ticut, Guffey of Pennsylvania and owering Exemptions Mint | copper used. | | | which Secretary Wallace referred, nor any statements which resemble them, or could-be confused with them. If there is a ‘Nation-wide’ effort to mis- ers’ interest, the packing industry is not a participant. In fact, the in- stitute has refrained from discussing the relationship of that program to the present decrease in the consum- ers’ meat supply. “With hog prices below the prices of things the farmer had to buy, the Agricultural Adjustment Administra- | tion put into effect. a plan to bring | about a reduction in hog production so that prices might be increased. The decrease in supplies brought about by the adjustment program was aggra- vated greatly as the result of a de- | crease in feed supplies because of the drought. “As a consequence, present supplies of hogs and pork have been greatly diminished.” “Consumers should be warned,” | Wallace sald, “that a Nation-wide ef- fort is being made by packers and other processors to undermine the farmers’ programs by spreading mali- Harrison of Mississippi and Repub- Capper of Kansas. of Utah, George of Georgia, Costiran {of Virginia and Gerry of Proposed Present t Proposed surtax.* Tate Tate percent. percent. gressive La Follette of 6 5 59 59 59 59 59 59 62 65 68 Y 4 7 1.793.000 ' adopted. 3,153,000 : 4573.000 11-3 Vote on Harrison Motion. 6.793.000 . The count in favor of Chairman Harrison’s motion to increase surtax | rates from $1,000,000, was 11 to 3, as | follows George, Barkley, Connally, Tax and William Green, treasurer. It ttarted with 76 members. Previously clubs were formed at 3 Costigan, Bailey, Byrd, Lonergan, | dends, exempting 85 per cent of such | Guffey, Metcalf, Capper and Harrison | income rather than 100 per cent as against King, Gerry and La Follette. licans Metcalf of Rhode Island and | kinds about the effects and purposes | Those favoring | of the adjustment programs upon the the broader application were King consumers of the country.” | the total number of sows “purchased” clous and untrue propaganda of all Statements in Chicago meat circles, Sow Purchases Held 222,149. The Aggjculture Secretary asserted by the Government was not 6.000,000 as reported, but “by actual count, 222.149." He objected, too, to statements that the sows purchased would have beén on the market this year, and that those purchased were “destroyed.” “The facts are,” Wallace said, “that consumers now would be paying scme- | what more for pork if there had been no pig program in 1933, | “The Government buying of both “The sows purchased were due to farrow, or produce litters, in the Fall | of 1933, Scarcity by Now Seen Anyway. “The average age at which pigs are marketed is 9 months. This means that if there had been no Government | buying all of the 6,000,000 little pigs bought by the Government would have been marketed in the Winter of 1933- 34 and the Spring of 1934, the 222,149 sows would have been sold off about the same time, most of them in Feb- ruary and March of 1934, and the pigs from their litters, born in the Fall of 1933, would have gone to market not later than the Fall of 1934. “The supply of pork is limited by the supply of feed. 1 “When the little pigs and the sows and their litters would have been marketed if there had been no Gov- ernment buying program, the ma:kets already were glutted by supplies forced on the market by lack of feed caused by the drought. 0,000 Reduction Seen. “The true story is that the Govern- | ment, with its 1933 pig purchases, re- | duced by less than 8,000,000 pigs (in- cluding the possible million pigs not | tered. The need for the 1933 reduc- | tion is shown by the fact that even after the reduction was made, the 1934 slaughter was comparable to the 1933 total slaughter of 73,000,000 for represent the effect of the agricultural [+222,149 sows and 6,188,717 little pigs| farm and commercial use, and the adjustment program on the consum- | was completed before October 1, 1933. | 1932 slaughter of slightly less than 71,000,000. All of these totals com- pare with the hog slaughter in years before we lost our export markets for pork, as for example in 1925 when the slaughter was 68,000,000 head and we exported 6.7 per cent of our pork and 32 per cent of our lard. “The pigs killed in 1933 would, if fed out, have consumed more than 60,000,000 to 70,000,000 bushels of corn in 1934. This resulted in aug- menting the 1934 supply of available corn by the equivalent of more than 700,000,000 pounds of live weight of hogs.” ROOSEVELT EATS FISH President Roosevelt, who, to say the least, had mediocre luck on his week end fishing trip, nevertheless had fish for dinner last night. Senator Rob- inson, Democratic floor leader, brought the President a catch of black bass he got on a Southern Virginia trip. Temperature Influences Wine. Clarification and aging of wine are influenced by the temperature in which these processes take place. By the Associated Press. | PAIRVIEW, Mich., August 13.—For- | mer Senator James A. Reed, Missour Democrat, predicted today that if the Republican party adopts a good | platform and nominates a good can- | didate, it can defeat President Roose- | velt in 1936. | He expressed the belief, however, that the Democrats should nominate a conversative candidate rather than Mr. Roosevelt. . | “There is a decided reaction against the so-called New Deal” the one- time fiery orator of the Senate said in an interview at his vacation camp on Flat Lake. “The people are turne ing against it. “The one-man Leresy of the man who happens to be President cannot destroy the Democratic party. It will live always under some name.” The Constitution, he declared, “cannot be destroyed by a President who swore to uphold it, but who has tried to tear it down, aided by a dis- graceful Congress.” Reed said he believed it would be | possible to defeat President Roose- velt for renomination. He made it clear that he favored the selection of A conservative rather than a liberal Democratic candidate. | He mentioned three former Gov- | ernors whom he said would be accept- able nominees in his opinion. They are Alfred E. Smith of New York, 1928 standard bearer; Senator Harry F. Byrd of Virginia, and Former Gov. Albert C. Ritchie of Maryland. SOUPS WITH LEA & PERRINS SAUCE THE ORIGINAL WORCESTERSHIRE OPEN ALL DAY SATURDAYS IN AUGUST Poolesville, Colesville, Spencerville, is now the case. For the wider graduation of corpora- Quince Orchard, Olney, Stewarttown, ¥ pora- | gy This section is expected to yield tion income taxes. the Senators divided | — Rockville and Potomac. Several more will be organized. SEATTLE MAN IS NAMED P. W. A. POWER ENGINEER Samuel Becker. Attorney at Mil- waukee, Appointed Head of | Legal Section of Division. Appointment of J. D. Ross. man- sager of the municipal electric plant | at Seattle, as chief consulting engi- | neer of the P. W. A. Power Division was announced today by Secretary Ickes. Ickes also revealed that Samuel Becker, P. W. A. attorney at Mil- waukee, would head the division's Jegal section. | | FOREST FIRES QUELLED Bhoshone Con- Blaze, However, tinues. | SPOKANE, Wash.. August 13 (#).— Forest lookouis watched today for tell- tale puffs of smoke in the timber | domain of the West after fighters had | #cored at least temporary victories on all but the Wyoming front. Fires continued to rage in the Sho- shone Forest of Northwestern Wyo- | ming. Five nundred men battled the | flames, which foresters said has (Continued From Pirst Page.) with a tax of 59 per cent imposed on ' all above that figure. The President asked that this graduation be con- tinued into the higher brackets, but the House dipped down to the $50,000 level and increased rates from that point to $5,000,000. The first revision of the Senate measure reduced the surtax income minimum to $3,000 and increased all rates from that point upward. This latest version is figured to vield only $5000,000 additional; the House provision would have yielded $45,000.000. The original revision of the Senate committee, involving the lowering of normal emptions, was calculated to bring in $220,000,000. (2) Increased estate taxes as an- nounced on Saturday. With exemp- tion lowered to $40,000. these impose | a tax of 2 per cent on the first $10,003 taxable and increase to 70 per cent on all ahove $50,000,000. Senate Raises Estate Tax. Chairman Harrison said no new at- tempt was made yesterday to restore the inheritance tax section to the pending bill. The House approved such a provision in keeping with the request of President Roosevelt, but it was stricken out of the Senate bill Saturday and estate taxes raised in- stead. The yield from the increased estate taxes is placed at about $85,000,000 In this connection of estate taxes, the income tax ex-| | $39.000,000. |10 to 4. as follows: George, Barkley, (6) An excess profits tax. This | Connally, Clark, Lonergan, Black of remains as announced on Saturday, | Alabama, Guffey, La Follette, Capper the rate to be 6 per cent on profits | and Harrison against Bailey, By between 10 end 15 per cent of ad- | Gerry and Mm:,g_ = ”d" justed declared value and 12 per cent | = 5 A beons b Bt e { On the intercorporate dividend tax, the vote was in favor by 8 to 4, the The House bill had four gradua- ¥ s ¢ fone foom 5 6o 3 por-cii ik | division being as follows: Harrison, : Bailey, Clark, Connally, Lonergan. present law imposes only a flat rate | g | @ 2 : of 5 per cent. President Roosevelt | pin’ ,?.‘.‘,'g’"oi'éfgf“.fifi”;}.: e made no request in this direction. | i ? e The estimated added yield here is| One other comparatively important change was made in the bill yester- $20,000,000. : . oy & ay in the elimination of an amend- Capital Stock Tax Remaims. * |nent by which hushand and wife (7) Capital stock tax. An increase B b p would have been compeled to 4l joint of this levy from $1 to $1.50 per $1,000 : A 3 returns rather than allowing them to of declared value was announced on g . {file individual returns. The amend- Saturday and still remains in the bill. |ment, put into the bill on Saturday. The House made no change in the | uu¢ 1ot gisclosed when th rk present law, nor did President Roose- | . bl > | the committee w; lic velt request one. In connection With | tpat gay would b:‘sngm:;;vp:l;:; s this, and other corporation taxes, the | comes under the surtax liability. Senate Committee also voted to allow corporations the privilege of making _ At the present time. husband and a new declaration of value. Eic are aldwed a cholcé Gfiniing | The yield from this provision is either joint or individual returns. In placed at $45,000,000. | eight States. however, considerable In estimating the aggregate yield | “d¥aNtage accrues in a community from corporation taxes, allowance of | PFOPEFty law by which all income, between $15000,000 and $20.000000 | "e8ardless of which party earns it, must be made for loss through the | ™aY be divided equally and individual exemption granted for corporation | °'Urns filed, thus coming below the gifts to charity. This exemption, 'SUr'ax limit. allowing corporations credit up to 5| 1IN commenting yesterday on the per cent of their net income, was latest revision of the measure, Chair- written into the legislation on the | Man Harrison said: House floor and has been retained by | “The bill is greatly improved and the Senate Committee. It was ex: | more in keeping with the President’s pressly opposed by President Roose- | recommendations, ible portions of these sows were S ————— § NEW OFFICE The C. B. & Q. Railroad has established an agency in Washington, the better to serve the people of this com- munity in matters affecting freight service and passenger travel to and through the Middle West. * F. F. CRABBE, General Agent Burlington Railroad 309 Woodward Bldg. Tfie -fiayudt .9 ale of fz’jatime “Furniture burned throuzh 10.000 acres of pine. | Senate committee approved Saturday Two hundred C. C. C. men controlled | 30 amendment by which the valua- @ 200-acre fire near Seattle. tion -of an estate may be declared either at time of death or one year velt. As an alternative to raising addi- | } tion of the estate ta With the excep- X increase in lieu of the inheritance tax provision, the tional revenue by means of increased | bill now carries out the President’s Blow to Cellist Costs $100. LOS ANGELES, Calif. (#.—1It cost Faymond Paige $100, but he rid his orchestra of cello playing. A let- ter he just received reads: “Dear sir and brother: You here- by are fined $100 for slapping a brother with a cello under his arm Fraternally yours, Musicians’ Union.” Paige explained Fe had been dis- satisfied with the playing of John de | 2 etrio, was told he was no gentleman, | #and landed a haymaker to prove he | was a gentleman. Dial;Tél?eph;w With Tongue to Report Hold-Up Brewer Has Considerable Difficulty in Getting Call Through to Police. By the Associated Press. CLEVELAND, August 13.—Thomas ‘W. Centanni, president of a brewing company, had a difficult time today notifying police he had been held up. Centanni, bound hand and foot by two men who took $500 from his of- later, thus allowing for shrinkage of values during settlement of the estate. (3) Gift taxes on donors, also as announced on Saturday. The rates | for these levies are to be three-quar- ‘rers of the rate for a comparable bracket in the estate tax schedule. | The House bill had called for a gift | tax on donees, also requested by the | President along with inheritance taxes. The yield from the donor tax in- ng)“e is expected to be about $15,000,- (4) Graduated corporation income | taxes, starting at 121, per cent on net income up to $15,000; advancing to 14 per cent on such income up to come up to $100,000 and to 15'; per cent on all such income above $100,000. | $60,000,000 Yield Estimated. . President Roosevelt suggested a range from 103, to 163 per cent, the | House approved one from 131 to 141 per cent and the present rate is a flat 133, per cent. The yield of this latest version was estimated at $60,000,000. (5) A tax on intercorporate divi- dends. This provision, urged by President Roosevelt, was not included $40,000; to 15 per cent on such in- | taxes, the United States Chamber of Commerce this morning released some suggestions for curtailing expenditures which it has forwarded to both the Senate Finance Committee and the House Ways and Means Committee. Cut in Relief Urged. Declaring their proposals could be effected without impairing the effi- ciency of any governmental function, | the chamber advanced the follow- ing suggestions: | (1) curtailment of regular depart- mental expenditures by $250,000,000. (2) A saving of $18,000,000 in in- terest charges on excessive funds placed to the credit of disbursing officers and agencies. (3) The recovery of $322,000,000 in unneeded assets of Government- owned corporations and agencies. (4) A reduction of $1,100,000,000 | in emergency relief expenditures. In its almost complete reversal of opinion on many of the major points of the legislation, the Senate Com- | mittee vesterday continued its disre- | gard of party lines, and record votes on the four principal changes found | new alliances. | | ©On the proposition to throw out the | | so-called La Follette schedule of in- creased surtaxes and lower normal | suggestions in cansiderable degree.” 15th and H Sts. Phone National 2335 Washington, D.C. YOU GET Cleaners . . . each with its own electric motor . . . the fa- mous. “ROY AL, with motor-driven, revolving brush, advertised in Good Housekeeping, for your regular floor and rug cleaning. . | the famous “ROY- AL JUNIOR” 2ROYAL Two compLETE ElectricVacuum Cleaners Both § For HOUSEWARES, FIFTH FLOOR, 39350 REGULARLY $51.50 A Slight tional Cha; in either the House measure or the | exemptions, the vote was 8 to 7. With first rewrite of the Senate Finance | the leadership on this issue taken by Committee, The new secticn would apply to corporation income taxes to Senator Barkley, Democrat, of Ken- tucky, and week end fishing guest of 0™ U™F anp G Streets 15 per cent of all in 1 = fice safe, wriggled to a telephone. Some from divi knocked the receiver off the hook and | began to dial with his tongue. First he dialed “O"” to get the oper- ator. “Tell police there’s a hold-up here,” said Centanni. “Call the Police Department,” the operator replied. “I can't,” said the president, “I'm tied up.” The operator then agreed to get police on the wire, but she put them on another line which Centanni couid not reach. So he started to dial again with his tongue. This time he got long distance. He was able to make the long-distance | operator understand his plight, how- ever, and proper connections to the Police Department were completed. with us for year. EDUCATIONAL. National University Fall Term Begins September 22, SCHOOL OF LAW School of Economies & Government Registrar’s Office Oben for Registration 9 am. to 7 p.m 818 13th STREET N.W. Tel. Natl. 6617 1935 1235 10th St. N.W. SPECIAL ON UPHOLSTIRING Today and Tomorrow Only Cogswell Chairs Upholstered_____$11.50 Club Chairs Upholstered_________ 13.50 Fireside Chairs Upholstered_ Have your upholstering done right and put back on its proper lines and proper shape by our skilled mechanics who have been While spending money, get the best workmanship you can. Chair Caneing, Porch Rockers Splinted Call US Today or Tomorrow MORAL: Save Money Now CLAY ARMSTRONG President Roosevelt, the following op- WoobwARD & LoTHROP Prione Districy S300 14.50 - Ohe MEL. 2062 delivery— The last edition of The Star—the Night Final—is printed for the many people who desire t! very latest and complete news of the day. 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