The Key West Citizen Newspaper, May 14, 1936, Page 2

PAGE TWO The Key West Citizen | Published Daily Except Sunday By THE IZEN PUBLISHING CO. INC, 1 RIMAN, President JOE ALLEN Business Manager From Citizen Building and Ann Streeta Corser Gre wuty Daily Newspaper in y West and Monroe County. . oud class matter | tered at Key West, Flori Member of the Anxociated Press ce Associated Press is exclusively entitled to use for rept blication of all n dispatches credited to ‘t om not otherwise credited in this paper and also | che local news pubtished here. wne Year ... Six Months —. . th Months Jne Month ADVERTISING RATES Made known on application, SPECIAL NOTICE All reading notices, cards of thanks, resolutions of sespect, ob.tuary notices, ete, will be charged for at the rate of 10 cents a line. Notices fer entertainments by churches from which @ revenue is to t ved a cents a line. The Citizen is an open forum and invites discus- sion of public issues and subjects of local or generat antercst but it Will not publish anonymous communi- tations. | IMPROVEMENTS FOR KEY WEST | ADVOCATED BY THE CITIZEN Water and Sewerage. Bridges to complete Road to Main- iand. ' ns, "re Port. i Hotels ana Aparcments, | . buching Pavilion, pT ‘ Atsports—Land and Sea, 4 Ce soiidation of County and City : eo vernments, 1 Tt Aba for uhh to be frank, but the obscene i: somet g else again, People are curicus; if they were not, there would be little intelligence in the world, The electicn next fall has a lot of peo- ple worried and most of them are holding offices: The words “Find check enclosed” are entirely superfluous if a good check is really in there, A Scotchman whe spent $40 for life insurance complains because he hasn't beer i ngle wreck, It makes newspaper men smile when non-advertising merchants bad; the rez business is on is obvious, Too many people have added an eleventh to the Ten Commandments— “Thou shalt not be found out.” At no time is a nation more in need of the loyalty of a citizen than when hej believes it to have gone wrong. An ancient tablet aa of an Assyrian finance minister who defaulted in the year 2000 B. C. The name of his girl friend was not mentioned. Four per cent of vessels are ship- wrecked each year. The matrimonial barks which hit the rocks is probably higher, percentage of One of the puzzles that confronts the student of human nature is the great at- traction that scandal has for min belong to the pure in heart. When you tending ee a young man busy at- to his own business you may feel re that he will one day be an old man with some business to attend to. Invthe advertisement of the Thomp- son Ice Gompany the cut of the ice box was inadvertently printed upside down. The printing of inverted cuts happens to the best of papers—nothing very remarkable about that—but when thirteen readers call attention to: the inversion, that is remark- able. Yet there are some people who say nobody reads the ads. Knowing Governor Sholtz as we do, he will probably appoint the widow of the de- ceased senator for the interim term and then run for the office himself in Novem- ber. By appointing the widow he will favor the feminine vote and being governor he will endeavor to build up a machine ,owerful enough to place him in the sena- trial chair, but “the best laid schemes Me ce and men gang aft a-gley.” DESTRUCTION BY TAXATION Sober-thinking citizens in every walk of life are simply astounded by the pro- posed tax on nue measure. Whether it is a bill to raise revenue or to destroy holding companies by the taxa tion method, or one seems to know. Commenting on_ it New York Times, in a non-partisan, lytical article, says the bill is “nothing less than a new and quicker ‘death penalty’ for ana- holding companies, not only in the public j | utility, but in every field. “If we are to have such a harmful ‘re- | we should at least not permit it to, ; be made urder the pretense of being some- | —namely a tax raising measure. form,’ thing else’’ In the meantime busine: investors stand lack of working) of the mind. leaders and CHANCE PLAYS WITH DEATH Chance plays a pat part in the life of every individual but records show that, on occasions, it a’sumes miraculous pro- portions in regard to specific individuals. Every once in a while we read‘ news accounts of accidents, usually involving certain death, but in which no fatality: or injury occurs. Along this line, one recalls instances of men falling from high build- ings without serious injury. A recent case is that of an auto- mobilist who mis:ed a curve in a_ heavy fog and went off a cliff, to plunge 2000 feet. His car tumbled and rolled, oc- easionally striking projections, and dropped 200 feet. The driver with minor cuts and bruises. undistributed corporation , protits proposed in the new Federal reve- ; editorially, The | hast at the working (or | congressional | once ; escaped } THE KEY WEST CITIZEN I || You and Your 1) Nation’s Affairs Paying for Social Security The Social Security Aci that was passed by Congress in 1935 intro- duced, quietly and with no apparent difficulty, a change in the scope and character of federal income taxaticn that may have far- reaching conse- querces, Th.s change was made by im- posing a tax on the wages . or salary, up H to $3.000, of ‘ persons wh- are to be eligi- ble, under the law, for old-agi bene employees who } will be entitled to benefits may be earning mcre than | this amount but only the first $3,000 | such income is taxable. |. The tax rate will be low in the beginning, unly 1 per cen. for the first three years, but it will rise grad- | ually to a maximum of 3 per cent by 1948. An equivalent tax is to be paid { by employers on the smounts that ; they spend on payrolls in sums f 00 or less annually for each em- ployee. This is not, however, the| novel feature of the program. It has always been easy to find ways of tax- ing the employer. The significant part of the new law is the extension of the income tax principle to the smaller wage incomes. The change will increase greatly the number of income taxpayers. It i. well known that the ordinary fed- eral income tax reaches only a small proportion of the population. The largest aumber of tax returns by in- dividuals was for the year 1924, when .788 persons reported. Of this ber. only 4.489,698 paid an in- e tax. The others who made a return were entitled to deductions and exemptions sufficient tc _elimi- nate their tax liability. In 1933 there were only 3,723,558 returns, of which more than, half, or 1,975,818, involved no tax. It is estimated that the new law will apply 0 the income of more than 25,000,000 employees. Thus the | income tax principle will be extend- SIDELIGHTS | | | ed to a large proportion of all who | are gainfully employed. i The new tax differs from the one now in use, since it is levied on gross, rather than on net income. That is. Sy MARCY B. DARNALL, emer Editor of The Key West Citizen (Addisergucstionsitoithejex A case of accidental heroic treatment that got a surprising result is reported from Mount Holiy, N. J...where a red hot Poeeececceouvceceecceces | Today’s |is hoped. The doctrine of a large re- By HARLEY L. LUTZ Professor of Public Finance, Princeton University no deductions are allowed on account of taxes or interest paid, losses in- curred or contributions to charity. Furthermore, there is no personal exemption. All wage or salary income received, up to $3,000, is taxable. A new method of collection is pro- vided. The employer is required to compute the tax and deduct it from the pay envelope. The taxpayers will be spared the “headache” of filling out income tax blanks and there will be no chance of evading the tax. This plan of collection is likely to prove expcasive for the employers on ac- count o the additional clerical work involved, but he government has no intention of reimbursing them for these extra costs. The tax is levied by an act that pro- vides for certain old-age benefits, but great care was taken, in writing the law, to avoid saying that the tax was imposed for the purpose of paying the benefits. an consequence the law does two quite .istinct things; first, it requires Congress to appropriate enough annually to pay any old-age benefits that may be due, and second, it imposes certain taxes without at- taching any strings to the revenue produced. As it happens, the taxes , are estimated to produce consider- ably more, for a numver of years, than will be required to pay the Lenefits during these years. Congress will, of course, use such part of the new rever.ue 1s may be needed, each year, to cover the scheduled benefit tayments. What will happen to the remainder? One answer is that it will be ac- cumulated as a reserve in order to pay benefits in future years. There is no definite obligation upon Con- gress to appro; riate it for such a pur- Fose. and no «.ssurance that this will always be done. Assuming that all revenues from the taxes on wages and payrolls, in excess of the bene- fits, are appropriated to the old-age reserve account, it is estimated that there will be a reserve of about forty- seven billion dollars by 1980. The be- lief is tat such a reserve will lighten the future tax burden of providing the benefits that must the:- be paid. in a later article in this column it will be shown that this expectation cannot be realized in the manner that serve for the purpose of lessening | future taxation on account of old- age benefits is, in this case, an illusion. | thor, care of this newspaper) | coe sanenvenenennmtt 'Today’s Horoscope}: cinder flew into Herbert Bodwen’s right eye which had been blind for 22 years. The pain was naturally severe, but when it sub- a mehr aan : : "1 1686 s ago) Gabriel sided it was found that the sight of the eye | panj >| Fahrenheit, German- had been restored, Duich physicist, who introduced H iy {the use of mercury in the the mometer and la‘d down the ther- | The most candid candidate of the })): Hee * nee nad) pou: present campaign has been found in Albia, ! be: 1 Iowa, and his announcement is as follows 1771 “Howdy, voters. My many ; fac Ny se : -.,, Utopian colonies, one in New not solicite 2 zi Raed ate 2 BOF f, 7 solicited me much to be a candidate for Hetmony Hint Son meCER: of member of the Monroe county board Of }twe noted Americans, born in supervisors for the term beginning Janu-| - Died there, Nov. 17, ary 2, 1937, but I reckon I'll run anywa Same old platform, Cyrus Hill.” 1796 Anuiversaries Peecocerceeccaceecesees® Robert Owen, famed friends have! English Socialist, who founded William Hickling Pres- noted historians, born at A western editor who prides himself |} Died in Boston, Jan, on his enterprise in getting local news first { . published erroneously that a zen of the O-Thomas Si Hamblin: town had died, Next day hev@Minted the |N w York Citv’s —actor-manager following item: “Yesterday wégiwere the [of the old Bowery ‘Theater, born 3 tin England. Died Jan, 8, 1853. first newspaper to publish the de. a Frank Brown, Today we are the 1833-—James D. Cameron, deny .the report. The, Morning M ddlotown, Pa., banker, succes- alw. i » lead.” Mg sor to his father U.S. Senator, , in lead Sceretory of War (his father had —— the same position under Lincoln), tborn at Middletown. Died Aug. Mrs, Luigi Pinto of Philadelphia is aj 30, 1 bit hazy about art; in which her three sons | 2 a are proficient. All won scholarships ena Alt ce B ery * bling them to study abroad, and while in | anne = Th epatte Europe all three executed paintings which j Roosevelt for the Preside in were highly praised by critics. Upon their |!°°! heen ae a oEdand, return home for a visit their mother said: pat Mayet ae “So you are all {ine painters! Now you can } give the house a nice new coat of paint.” C7 Flat atoll OLD P For gevonvaattarereroai | In the recent Kentucky Derby one of : the jockeys tumbled from his horse, which | recalls a Will Rogers story. A jockey was | being reprimanded by the owner of his} mount for not winning a race, and when his boss had finished he meekly replied: ! “I reckon I shoulda done it, but I couldn't bear te come in without the horse; I’m that fond of him, sir Edgar Peterson of Pomona, Calif., and other points west became a super-sales nan | early. Before he was 17 he had “sold” an’ oil derrick, a barn, two unoccupied houses, | a sugar company employees’ club house, | and other property, none of which he had | ever owned. Police nabbed him in Phoenix, | Ariz., where he was about to sell a railroad | train to a Pullman porter for $100. Feott, among the country’s most ,~— 5 Bundles for 25 in bundle meoncsoeener~c3o . “la Today gives an inspiring nature which wil} try to carry out plens in spite of opposition. This is well, if not carried too far; for in this day it leads to dangerous | positions and may cause calam' Do not depend t ‘own power but listen to ate advice of others, even if you do not en- tirely follow it. Prince Taufa Ahau, old ruler of the is in the South Paci law. Atlanta’s heaviest ranfall for the month of April was recorded; 1881 0 ine| KEY WEST COLONIAL HOTEL In the Center of the Business and Theater District t Class—Fireproof— Sensible Ra’ Garage Elevator Popular Prices | PS. CTMOO EMS APERS | Pecevoeccccsescccecos Sale (LLU bh bdeddee tea 5c THE KEY WEST CITIZEN SSSI SSSI SSF IIIIS SM. oll alll School audito: dren compose t parts are ryn Ley as (KEY WEST IN | DAYS GONE BY | Happenings Here Just 10 Years Wal | Ago Today As Taken From The Files Of The Citizen as groon 1 siate enca riotic Order whiaa had bee sion in Key West for severa closed last night with a reception jgiven by the ladies bra order in the orga ‘All the visiting hted with t and the s ' vention, Most of gates are leaving ,today, but there is quite g who have found t i their liking and wil! days longe: i Every day in every West is getting better a Not a case on the police terday and none for today Not a bad record for a ci more than 18,000 souls. Police Cleveland Niles condition has not existec previous time since he ha Ghief. The police officers are by the chief, to be ju lant as ever. but there ar fenders, blotter = 5s MATECUMBE County commissioner jnight to diseuss 1 to the proposed members to Minneapolis at t vitation of C. A. P. Turner that city, in nection wit! | building of. ti bridges. It was decided , ther communicate with Mi ner and get more details o overseas proposed conference Lefore fira deciding as to what is to be done Some excitement was oceasione: this morning when a colored 1 accosted a wh 2 was sweepi “d Start ther {front of her home. A jered but the negro made ‘ Ing encour | cape before any violence ne to him. It was later learned tha the man is conceded to lay night at the EDGAR’. s FLYING SERVICE DAILY FLIGHTS Telephone: Key West, Matecumbe, Craig 2 MIAMI Bus Connection Miami CHARTER ANYWHERE Including Havana, Dry Tor- tugas, Miami, Naples 186-M Game (LiL AeL LE, FOR GRADUATION STIR ISIS SLE EES -nerally 'be crazy. He has been arrested j and placed in county jail pending appointment of a lunac amine into hi tion. its prim: norial Chure a et wedding 7 This Liquid Kills | Skin Itch Quicker Containing six kinds ing flows. fre pores to react The First National Bank of Key West Member of the Federal Reserve Lt SSIS SSIS SS SISA A AL DAL AS ‘ SPECIAL SAL 4x6 and 6x6 Yellow Pine Lumber. Good solid lumber, no rotten spots, no waste, slightly twisted and warped. Ideal for fence posts and foundations for cheap structures. REGULAR PRICE $60.00 PER M. SALE PRICE . . 30.00 PER M. WICKLESS OIL STOVES 3 burner with legs. Finished in black and green enamel. Rapid heating. Economical. EACH $12.75 1 burner without legs. Finished im black and green enamel. EACH $5.25 SMM II LISS SETS SF LM SS Oa @ SPECIAL 1 burner steel ovens. Size 10x12x12. Has heat indicator in front panel. 2 glass panels on side EACH $1.50 South Florida Contracting & Engineering ™ Phone 598 White and Eliza Streets “Your hume is worthy of the best” SFI IIL LILLE OOLPIIIPIIII ILI DIDS S. Aare IPRA ALSCA SPS AA