New Britain Herald Newspaper, December 7, 1923, Page 25

MELLON'S REPORT HITS BONUS HARD “Says It Would Postpone Tax Re- duction Many Years Washington, in his Mellon, mitted to treasury operations u) de in the again urg tion based on ring containe ter to Acti house which the honus wonld not come,” To th tivities for o lon the which he sgrossed predicted the to a maxi weh year the natior eonomy srincip! tinued nomic ba the count timate means a cost of Mving that reduection in' the auces expenses not only of the WO 1 As to t Mr, taxatio Gicated th been foun vitizen to cessive,” that the tuxation rite, cach year, 246 in 192 year before thy, he pe tax exempt ways und means committee, urtax 1 and the #is the y in part property s ome 110,000,000 people large were decreasing in NEW. BRITAIN DAILY HERALD, LA He’s Full-Fledged Dec. 7. - Secretary | annual report trans- | today, deseribed wer which the reduced $613,- | 1923, and | d sharp reduction in taxa 1 economy and bar- | congress bt had bee fiscal year ‘authorizatidns for new and un- expected expenditur The report | a copy of Mr. Mellon's let ir Chairman Green, of the in “a soldiers’ tax reduction | to po ne bhut pone for many years usual review of official ac- * his direction, Mr. Mel- additional argmment for in income e particularly which he has from cutting large incomes . on the lally inerease 1s well @ indi at la by productive | il has urged he advants would con uetion taxes tes upon per cer vould ac mum of at it it income, pefit the public burdens on Cut In Debt | ished budget brought nment, “firmly estal halancing its Mele id a fizare of total | The brought righd 't busi- ment's hasis of Ay il debt, at l , down to a 10,000 on October 31 aid, kicked around. | master corps stationed in Honolulu. vas the anplic to the gover me mly time and “parade rest” his soldier boss so a lot of times, reduction of the surtax to the per cont maximum, against maximum ranging up to cent increase by 1926 the amounts which the government re ceives, the lesser rate being more than compensated for by the addition fal volume of tax paid Mr. Mellon advocatéd also the re duction of federal taxation on cstates after death, ground thut this tax was taken bhut out of capital,’ con fiscatory effect To general business Mellon directed the ~comment that o ation improvement from the 19 depres- sion had been noted for a year, Suf-| Wistory | ficlent credit at reasonable rates had n throughout the world in. | be avallable through banks, and hat “means have always | he luded that present activity nd by the ingenuity of the .;rr'.v |£l the appearance of being avoid taxes inherently ex. | “soun®¥ind stuble.” The failure of Tt was significant, he | agricultural sections to share in the ported bettereht, however, was noted number Wederal Land Banks. over 300,000 heing | al land banks, the secretary mpared with 395 the d foancad $214,712,000 he estates of the weal on land mortgages total of loans outstanding we inted out, were flowing into | securities, The treasury | at 0,708,104, while farm SPECIAL (i sent the in burden of al upon the individy 1t is borne by the u High taxation | level and high said tax re. | upon would actually Taking Mellon s formerly gailons in is, uffeets prosperity of its ultimate | ry, heeause ixed onsumer. high price It can safely be incom from th was on | on the “not out of incom with comulative guard, aspeets Mr. | sist to tax payers but of the of the United Surtax Rate he reduction in the Mellon said that the product lunds, surtax Public try at report said, incomes 1 for cause of Vedq sadd, W the ye thos 1 as ¢ Their o 3 s placed land as- ing Constiue eliminate honded 000 gallons altogether. supply during the treasury’s lappropriation the “eut down to a mi sock Lo replace with building nec urge and in Washington Al considered | postponcment thon enterprises « continued during [ era) expenditures for rentals amounts and QM. Josephus is one army mule who doesn't get cussed and! For he is a duly enlisted member of the quarter-| And say, there's doesn’t know about steps, facings and bugle calls. are the things he likes best. fmarily wmber during from 4,358 to 4,538 up the liqior fd that the had consumed whiskey o 1,700,000 request for to iner secrotary of the rum the the ds. required building hegh ¢ it added, wit pecent 2 660088 planning tendeney ign any CHRISTMAS SALE of CLOTHING~ Shop Early! Shop Sensibly! You get Clothes Satisfaction and Pocketbook Conveniénce at this Family Clothing Store. Make thisa angn Holiday for yourself and others. Buy practical, servi clothes. Buy them on our WBEKL* PAYMENT PLAN. 1fVomen’s and Misses’ COATS Natty, smartly styled plain ; $19 50 and up and fur-trimmed loth ll'ld Plush models. - Fur COATS Hi styles mxfimlfill x:‘:m,';f ',';,',' Raglan, Ulster, Ulsterette ngs. and English -Effect styles ‘6950 to savings of $5 to $15. $30000 ' N'S and BOYS’ IPSKIN COATS Men'’s & Young Men's ME SHEE wiarees BOSTON CLOTHING STORE 63 CHURCH STREET COATS and VESTS e imnin Boy’s O’COATS Clothes Suits, Over- codts and Mackinaws at real thrift prices. nation year warchouses only nid smn vanished spirits of construction not QUL | buildings on a political basis was urged. | The recently established system of ensions of retirement of federal civil mployes was described as showing| ¥rench Star, Who Had Il Sash fbaerie' o justify an increase in the rates paid to the de- | pendents. The limiting of retirement | | benefit to persons over 70, likewise, | | Mr. Mellon said, was unnecessary, | 68 years. ViEws GETS COOLIDG the | French Press How Makes Few! Comments on His Message port of the commissioner of patents dent Coolidge’s message to congress, more kspecially those devoted to the foreign relutions of the United States | are printed prominently by the news- | papers today, but few commentators | venture to express editorial opinion. L'Echo de Paris, in a caustic vein, | finds in the message “an outline of | American policy exclusively directed {toward attaining her own particular | | ends in spite of the fine sounding | phrases which to eur ecars smaek | | rather of the pulpit than the ros- | | trum.” WA QUITLOS ANGELES | Motion Picture Producers Weary of | Conditions and Threaten to Go to| New York, | | San Francisco, Dec. T.—Motion pic- | | ture plants of l.os Angeles are ready “to pull up stakes and go elsewhers,” according to Joseph Schenck, motion picture_producer and husband of | Norma® Ta!madge. Schenck declared the producers| | were ot wholly influenced by the at- titude of the Los Angeles city govern- | ment, but said a great many of them | had been thinking of moting for some | | time, Already one of the largest| nothing he plants in Los Angeles, asserted, | But chow- had moved 46 per cent of its produc He's told tien to New York h u \ ntrov conduct policemen hs e motie rect at st ing. They i state- ment calling attention to * alarm- | which | ing prevalence of violent erimes” in| 120,000,000 | the city, and deploring the “apparent | attitude of the police department to- | ward the suppression of minor infrac- | tions of existing statutes.” past year| Meanwhile Wred Niblo, presiden llons. I'he | the Motion Picture Directors’ ass $25.000,000 etion announced that representatives the couadt organizations would meet here might as- | next Monday night to formulate plans yum"” the | for the founding of a nonpartisan po- slers who | litical league designed obtaln metropolitan government by n ropolitan minds for a metropolis.” question Mr, had now Withdrawal of | oci- | other | —- | EXCHANGES BREAK, | York, Dec. 7.—Foreign ex-| broke sharply teday on res ection returns indicating Baldwin had falled to ¥ain a majority for his trade protes [tion program in the British general| tions. Demand steriing broke nearly four cents to $4.3 and ¥ increasing, | trancs sinmp 101 points to 6, that would | cents, Other continental exchanges to distribute | ¥iclded in sympathy f DANIELS DISAPPOINTED | in the coun- the New changes ceipt o {that Premier W carefully 1" The wis in eree always be L annual fed- | Former Secretary of Navy Sees Noth- | | | ! ing Constructive or Inspirational in ‘ Coolidge's Address, Houston, Tex., Dec. 7.--Josephus Daniels, secretary of the navy during the Wilson administration, declared | [that President Coolidge’s message to congress was neither nstructive nor inspirational.” He asserted that the president’s attitude toward foreign relations apparcntly was based on a desire ta make some concessions to! the progressive clements of his party without arousing the opposition of the old guard wr ol g T T T T T R T T TR T T of their cheapness the exclysive poor in Spatn They Eat, Too Bocause tables of the are almost food | the bike Eve siz-day ware O rasers at New Yor continurs dops & bites iy, eat Vhite the race Alfred Go min to ¢ ites ov @ few bike been a has star racer jyears and Takes Paris, and and he advocated lowering it to| resenting the Theater Comedie Fran- | nounc caise, composed for the most part n" { eminent actors, decided to “anticipate Madame Louise one of the senior actresses as- | sociated with the playhouse, and then | ployed by C. - ! Silvain, FRIDAY, DECEMBER 7, 1923, ACTRESS BRINGS SUIT Been An- nounced as Retiring, Denies Report Action. Dec, -A retirement” of | allowed its decision to be published. | Mme. Silvain promptly brought suit| for damages of 300,000 francs ugainst| iile Fabre, director of the theater, | alleging that her professional reputa- | tion in France and abroad has been injured. She contends that as the committee’s deciston i8 invalid with- cut ratification by the minister of fine committee rep- | arts, the members had no right to an- | * it until after that official had acted. SPIKE IN WORKMAN'S FOOT. John Ruck of 126 Camp street, em- J. Leroux, plumbing con- tractor, was painfully injured while at work on the new building at the New Britain General hospitai yesterday when a large plank, with a spike pro- truding from ene end of it, fell on his foot. The spike made a deep wound. Mr. Ruck was attended at the hospital and will be unable to at- tend to his duties for some time. At Least It Helps. 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