New Britain Herald Newspaper, April 2, 1924, Page 1

News of the World By Associated Press ESTARLISHED 1870 MELLON DENOUNGES LARGER ESTATE TAX Says Such a Measare Would Re-‘ sult in “Economic Snicide” COMPARES IT WITH RUSSIA Insists There Is No Social Necessity for Breaking Up Large Fortunes in This Country and Capital Would Be Destroyed. Washington. April 2.—The in- erease in the state taxes made in the revenue bill by the house was de- nounced today by Secretary Mellon before the senate finance committee as “economic suicide, “The e tax is a levy on capital primarily and carried to an excess differs in n way from the revolution- ists of R Mr, Melion said. He argued this form of taxation should be left principally to the states. Defehds Large Fortunes, “The social nec ty of Dbreaking up lurge fortunes in this country does not exist,”” Mr. Mellon argucd. “Under our American law it is cus- tomary for estate to be divided equally among the ildren and in a fow generations and single large fortune is split into many moderate critances and the continuation turough gencrations of a single tor- tune has been proved (o be im wible, React on Tinances. “It should always be borne in mind that estate taxes are levied up- t they are used for rating expenses. and that they amount, therpfore, to a de- siruction of capital in the country. Yet the = amendment would make (his inherently ound in- croase in taxes for the sake of a mere 2,000,000 of adlitional reve enue, In (he course of a few years this additional revenue will disappear and even the original revenue will be depleted, Whole Amount Swmall. The whole thing f the taxes, some $100.000,000 unde ent artes, is insignificant in compari- mon with the general receipts of the government, 1t is but a slight por- tion of the vernment revenue, but large and important part of revenie, To destroy values which b states receive in come s to them o resort to bigher taxcs on land. The federal government should keep estate taves us a reserve in times of national die- tress, All prior inheritance taxes have been war taxes, It is only now that congress proposes to destroy this reserve in tirae when revenue from other sources are not only ade- quate, but in excess of the nation's needs.” " on capital, current op estate pres- force Cites Examples, “When a man dies,” Becrotary Mel lon continued, “his ptoperty does not often eonsist of cash or marketable securities. The effect is hmmediately give notice to nll possid pur chasers that foreed sale will soon talke place, This has the effeet of dropping the price at which sccuri- tiew can be sold. “In practical eent rate requices for its alisface tion 50 per cent or more of the nor- mal value of the estate, and in cases where an cstate is burdened with considerabic inde wess, the de- strnetive of is still groater ‘Assuming that all inheritances large ond small were tased 't per e it would two or thr rations own- ership 1ee to st used in govern- that effret, a 40 per its until priva would of proporty HSince these current operatio the result overnment had of the vonntry ad bee not n spent and none was . will continue his tomorros Vote Was a Ti announeed enator . to amend the state and taxable would use it had been by shich it ap- Monday night stimony foday [ frman noot that the motion of publican, Penn bill making i unicinal sccuritics sidered, b discovered the paramtly was adopted was at MILADY'S HAT STYLES Matrons’ Chapeaus Will Follow Small Drooping Close Vitting Shapes of the Debutan Modes tor M the smail. drooping. the des shion ors’ as. trons’ -fitting shope i hats follo ored by ma- the fore- close to styles tron must alter her coi dressing it to accommodat cd for shin w is the red aterial, roidered or burnt sand are black wre fiat or hat cast says, small flowers, add 15 1l purple Honduran Rebels Reported Taking Important Position Washingt April 2.~ Tonduran Tt olutional rees under Generel Vetrera were reported today 1o have carried the outlying defenses of Teg- neigalpa, capital of Honduras, in re- e aitncks hostarted at 5 @ ' nred B ortant mi . a report dated comtinued in er Morales. in ting strects, |ing th D NEW BRITAIN DAILY HERALD, WEDNESDAY, APRIL 2, 1924, —EIGHTEEN PAGES | PADNESSA RESUMES PRESIDENT INSISTS 'Harlan Fiske Stone, Former Dear CRITIGISM OF G.0.P. ON SIENS UF LIFE Of Columbia Law School, Chosen PARKING CONVENIENC FOR ROTARY VIS e Parking arrangements during the Rotary convention Thursdgy and Friday have been made as follows: Lake street, between ington and High strects. Street closed and there will be a po- licemen in charge from § a. m., until midnight. Room for 40 cars, Corbin H property. fayette Washington Wash- Screw corporation Washington and La- street, entrance on street, Policemen in charge day and night. Room for 80 to 1U0 cara, Corbin garage, street, Cars here should be street, ('ars here over night be parked on the Corbin Screw grounds outdoors or in the Cor- bin garage indoors. Drivers of cars identification cards wh is a policeman on duty, will permit no cars to enter leave special parking spac without identification cards. Chestnut day on only Lake for the parked must have re there Police LAOLLETTE LEADING BY ABOUT TWO 10 ONE Incomplete, lnofl‘lual Re- turns Show Coolidge Is Trailing in Wisconsin uted P April Z~With on fi of the precincts in Wiscousin 1 vorted today in the ropublican ior delegates (o the national conven n, unoi returns (rom yester day's priw enator Follotte’'s forces ling t ot Prestdent Coolid, sughitly than a two to one wargin Vigures trom 506 preciic 2,074 in the staie, delegates §1,508, Al Smith delegates were their iead over the MeAdoo delegate in the democratic race. With the Saith me more than 3,m00 in 346 precinets, the count stood Smith 11,450; McaAdoo 7,604, With 456 precinets roported, the dciegates for Smith continued to leid those for MeAdoo In the democrath coatest, couint wus Smith dele- gates 13,087; MeAdoo 10,004, Ticturns from o43 out of pre cinets g Lalolletty delegutes-at lurge 0 Coolid dclcgatos-ut lavge, 1, The majorily thie rled up to naon was from towns and citics with very littie of the 1ural vou showing, due 1o erippled tolephone conneetions, Asso wauke rlal showed ere Ost ts out o Follette increa aheud ot \vote repo who have signi for Gevernot fied their st of New York tiose pledged to W, G, the precinels reportiog uvagre tu vouchsafe a pro were 1 MeA liction o1 , This was the chics demo test aithough there v ercntial primury betweon MeAs Nenutor James A, Beed of A No delegates were named in of Semator lced, and with wately one-nith of the state r lttle interest displayed race. McAdoo Was running constderably ahicad of Fevd President Coulidge appe certain 10 have iwo deleg porting him (rom the lirst where those ple 1 1o bim ar 10| votes with | support approsi porting in this however was rs almost tes ® ut 17 p rict than 1,4 o report, o This distri tality for » gatesat-large and w the stute wacre the tew shoved real arly returns, I'ire only otber gales pledged o Senato may be boaten is in e sistt turns from that section are s as o give no certatu indication 1teturns trom 487 precit § for the democratic Jde large, give Smith 14 tirst is i me of 18 the only « president’s ugth in cts out of lLcturne from S04 ntiul pi gave M Adoo preside for candidates fon of cho ielegates eatered in U or whé may Le clected. Conpleted for Republicans’ Tones Plans Rally e the and intere Pratt “will st o t prest assurance crror Hiram 1 ahd speak h arranging the raily. "Twenty Persons Drowned W hen Bndxe (o!lap~c~ Madrid. Apri persony were lapse of a bridge auivir river near e, ville, Sund taiis of the acc Many villagers watch - throw in arches snddenly collap: ol to the rice to wate QUAKL IN TENNESSED Clark April distinet earth tremors were at 5:50 o'clock this morning. Says Judge Klett Was Mayor Tho Calis Leading Senators Into Con- Terence to Speed Legislation |ATTACKS ALLINGS RECORD IS~ ASSURED. OF ACTION Cartis Held Office I Mayor Speaks At Stanley Works, 'l of Tax Reduction and Decl; Sands on tecord—At Tomorrow, 0w mayoralty can M. P Stanle Judg statc ex-May Jue or said guinst *n Klet Diset tactic woq 1estio 1ore, he sy o nd the si “law an ti publ 1 ative nominece’s e in for ¥ Works e (GGeorge central or Orson said, had 1ge Klett Ivised his g that ns of his aid, thepe who can on the Thron 1¢ 1 three Uk that time e city's dowt o was in candidate were for ol Judge ature, fean car had hip and by $500, ardship on Spenks ot 1 new bu Mayo of having He asked t he had that the st offic e tax T tax rate JOH Not onl it permaucnt patd for o said, exsa repented cleaned ont™ city effecting a S35 saving I e attn them 1 repulilica J his fe money fire il adr tion is ity Stands On Ill. discussing mpr for votes it he vote for lid ne ihifent pleased him app quent titures opriation ¥ has the improve more than ut of the lhis story hall and 1 salavies n admi lect A two "« ide partment for men were ent of to give ovement, tion, the on hix and that ad serve him next t to eket, with t the anse 1 intervals ced that, will speak “r street Clark's a former town com and oy mocratic James A &, Gerard 26 DIE ¥ THEATER FIRE Movie {5 W Others Are Injor Wire Drops Wonse—t atal Pani e I Aprit Mevivo od Wien City | would Brandegee Those Called in at Session—Taxes, Fa of Connecticut One of Early Morning rm Relief and Immigration Discussed, Washington speeding up le e covsidered at a akfast confer et by about a dozen repu President Coolidge his guests the entire s endeavor w made to gram for the remaind similar to that agrecd by the executive and r ers of the April Islation went 2-~Means in the senate White od at led blican senators. over with ituation and an map out a pro- r of the ge: n upon last week epublican lead- Attending Senators attending included Lodge of Massach republican leader; Cu the asssitant repu Idaho, Wadsworth of New of Connecticut, Willis Watson of Indiana. he confere of its kind held of by t} though from time to time he senatc vited Individual with him on measures ate, During the g ican Jes Moses of N York; 1 today ral disc the conference usetts, the of Kan der; Rorah Hampshire, Ohio and rtis ew of was the first o president al- has in- the sen- s to before ussion of t legislative situation some senators ex- prossed the be able before the conve national convention at opinion to clean ning of the republican that up congress its work Cleveland, but otlicrs thought this view too optimis tie, Ta Limig: principal president w would be week and in the fairly Tax were upon, tax measure senate nest o8 given senate yesterday wus predicted, The president was thiere is a dispositton t migration restriction ar future some sur up immediately, Johnson h wetion be deferred unt Washington, Further farm relic gone into rather fully 1o decision as to the gislation showd tak are pending. senators favo! rs Discussed ation and farm relief toples touchied as told that the reported to the in view of as- debate in prompt the action tnformed that o press the fm- measure in the Lring but Senator requested that il his return to legislation was but there was character such e, Beveral bils DEMOCRATS T0 CHOOSE CONVENTION Primaries Four " At & mecting of town committe ed to hold primarie party headquarters for clecting state convention be filed wil t fore Apri The co ination of collector; AL 1 Hanford 1. ¢ nnd Curtis 1., who hate been n party Hernar James M delegates to All mmitiee end Bernadotte Thomp: rtis. eit Sheldon named Doherty ning and were nominated to ru M. T, Kerwin and were nominated for se For the hoard of MeCrann were nomi Will Be Hel last ui, e committe John 1 DELEGATES I April 9 - Republicans Endorsed Town Commitice mocratic ght it was vot on A at the purmp the demor peti sl or be srsed the nom- Loomis, tas ork; y comptrolier, treasuror, repib son, city ¢ city by the 1108, Jan or « John lectme Baldyga Michael Mangan SAVED FROM ANGRY BULL Prospect Varmer Bad saved Ry Life Wickds a Valiant Pi Wat 24, a Prosy full at his pi i then One om 1 hes to cle and per being kil her ork from FINED S2 WO FATH Iy Gored Bt Pather Who teh Vork I'red Jolly"s t pite victim i with 200 Haven, police S BEAT OUT SONS ON LACROSSE TEAM HY Hartford. April for New WBritain and Fair tonight and warmer Thursday. WEATHER 2 —~Fored vicind Thursday : tak FREAK STORM MARKS ,many By President As Atty. General ‘Nominee is Graduate of Amherst and Was Fr Coolidge During Their College Days— Name Goes to Senate Today Apr Yorl Coolid Ston New President general, by his retirement school, Mr. Columbia La with ative of H of Amherst company er is a republicun, aitho N a lea v y i S it LA et (unnecllcul State Liti vy 1 dey A S Advt, Dept., Hartford, Conn, - Yor never fercnee today w idge and was pr nt to a number of his caliers inc ing the republican leaders of the as n to 1w ud- sen- having pre his rosi Preside In sglecting, Mr. officials said, the he has been able purpose he announced yeste finding a § 00 or $100,000 man to serve in & $12,000 job, The prospective att not a stranger to the {wo having been frie days at mherst, M celved his bachelor's 4. shead of Mr. f Mr. tone. Stone, White 1 president to accompli orney pre 1ds since co Coolidge "6 one gene lowir law sir as an instructor o Caly He has been dean ]"!n nhia, REPUB[IEANS ROCK T0 STATE MEETING |Convention Opens in Par- sons’ Theater, Hartford, This Evening FIRST DAY OF APRIL Lightning Snow Thunder, and Heavy Astonish Even New Englanders Hartford, April 2 night Thunder, light snowstorm ush New Euglanders, who ur tomed to freaks of ather, mitted that here was something Factory employes returning hon: after the day's work greeted with a storm which pe in their 8 and made them bend their bucks, Qnee home, they remained there, Dur- |y ing the evening the strects wero pra tically deserted. A few hardy auto mobile owners veatured out, to their !y, Heny sorrow, Many discovered that get ting out was one thing, and getting ' home again was anot) There instances of skidding escapes from collisions red in Apri terday iesday cus. ad oW, vep L tes to t stat tlon which ter this « Hartford early the we will open in Parsor ng from afterno and the lobbies with delegates, T convention is to eact republican nationa! 0.« this owded ed the to 1 at ¢ itral open the conve | will introduce nd nar- | g hut no fohairman reported | The hotels wer were well f we of wtes convention and, ck of the r state committee wi ntion at Lieut, will lver 5 t* committecs will ti 1 the convention ursday § were 3 Goverr row am who he serious accldents is sald that a number of automol \ were torced to remuin ked | night in different parts of the they were unable to move the curbs rectiont Co, ¥ last ey difficulty clear, Hee power supply ning between t were about half a ule, The company r schedulas were maintais Patronage on all minimum, Cars craw the storm about the gloww 1 were + differer e appo 14 to me g wi or morning in city ; ¥ one contest This tials will consider keepi the fai Hartford nt 0w ntitled o repr will be nearly 1 lelegat an b admitted to t | ter during the < |VETERANR & E. ENPLOYE N DLAD AT AGE OF 67 Autom ¥ L out . o this morning 1« public works from streets was expedite i lines bran Holcomh of Osgomd Ay Was With Company For Over 33 Years BLOODY POLITICS Secomd Killing Oceurs Today in Pl tion Rioting At Little Tow Cicero, 10 1 morning village an v wounded f the vieti Joseph Smit in a Robin Hood Inn and Matis Men Held on Liquor Counts Percy Skillen, Famous as Athlete, l)uu in ( Inmuo Chieago. Apri Datime form t here mo Governor’s Staff to Be With the Executive Here TOWA POLITICS tford. Ay h o T fowa, April 2 gation to the nation ition rshadowed for national committ mbled today MeAdoo see against the wi med to be Average Daily Circulation l\\'e»k Ending 10, 461 March 29th PRICE SAYS SEC. WEEKS IS LIKEWISE GULPABLE Named ~ With Daugherty in Wright-Martin Aircralt Case EX-GOVT. SLEUTH TALKS Senife Al THREE CENTS Asscrts That Effort o Probe Into the Disaster of the Air- ship Roma was Blocked by Federal OfYic var aife, tigutor, told comr W 1 to start a depart iiry into that sub 1 blocked by William Wanted Indictments 1, and tant attor- o should be D. Goff, general, indict The should forr a as those w ss said harges of United things 1 1919, ary of ring to cor- sed prosecu- sald Secaite, id his nvestigation inte Mart mplet- matter re or suit be- ustice ring suit 18 ¢ atlures ere Tald m vad of was the ern, standard obtained nost it t 1 Magne rman owners to for a He 1 K« lders mer, nd Iater i employed ns tion * with Nircrant Dicasters e EEEEEE e — — e