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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Aug. 17, 1921)
i O 7" 1 - -I nrlIKfAiU iiii LUX .iJ-i-U. UuiiUU 1 i , - , 1 J - groRVSed Fordney . Asserts Nation's Tax Bill Will Dwindle By Many Millions" STOP TAX EVASION Democrats Plan to Fight Re publican Plans as Aid ing Rich Man WASHINGTON, Aug. 16. The nation's tax bill will bo cut 1192, 640.000 this - fiscal year; $377, 7S0,00O ia the calendar year 1922, and 1 790.330,000 in 1921. Chair man Fordney of the ways and means committee asserted today tiot In'eiw of-fSftftSrllMftV-OuO. . "Additional exemptions for de pendents. Increased to $10J fron, $200, $30,000,000. Kepeal of all transportation lav, es, January 1. 192?, $2C2.000.000. Kepeal of tax on life insurance, f 6.300,000. Repeal of taxes on beverages. $60,000,000. ' Candy Tax Off. Reduction of taxes on randy, $8,000,000; sporting Roods, $2, 000.000; furs. $4,510,000. So-called luxury taxes, $15, 000.000. Kritlmated gains in taxes begin ning with the calendar year 1923 are given as follows: Increase of corporation Income tax from 10 to 12 per cent. January 1, 1922. $133,750,000. License to sellers of soft drinks. $1.000.000. Tax of six cents on cereal bev erages. $12,000,000-. . Ih-inks Still lilt. Tax of five cents on cambonlc acid gas. $2,000,000. Taxes on fruit juices, still drinks ami fountain syrups, $12, 000. 000.. fmbstituticn of manufacturers' ibxen on toilet preparations and proprietary medicine for existing stamp taxes, $8,000,000. The total loss in revenue Is thus In th9 majority report explaining ;placedat ,968(o80.000 and the to- the tax! revision bill framed by Republican committee men. " I ' Without disputing the figures Democrats of the house prepared l.i caucus for a broadside assault on the Republican measure, plan ning to brand it as a rich mans bill. , Their views were to be In corporate! In a minority analysis, attacking the meats by which the reductions were achieved. Quick Action rianiMHl. ' Meantime the rules committee Introduced a rule to put the bill through tho house at 3 p. ni. Sat urday: Debate will begin at 11a. - m. tomorrow, the measure having been Jorraally presented today by the . ways and means committee with; the Democrats voting solidly .against if, :,'v " . - ; ' Chairman Fordney insistea in the majority report that tho policy of the bill was "reducing rather than khtrting tax , burdens.'- He estimated; reductions Jn vievlea. some !"of which "will not become fully effective until 19Z3, a lol1 lowsr; ' ''. I'l j Schedule Given. lfAit i nf o,fno, nrnflta. JinU' ary 1M922, $450,000,000. .Reduction of surtax rates on individual Incomes to 32 per cent. January 1, 1922, $90,000,000. Increased exemptions, of heads of families to $2500 for lncomesf :1&:&T: ,D A Y tal gains at $177,750,000. leaving the net loss of $790,330,000, esti mated by the report. Applying to individual tax pay ers the net difference of $790, 330,000 between the losses and gains, Mr. Fordney said they rep resented a reduction of $7 per cap ita, "or a saving to the average family of $35 per year." Ievl'M Eliminated Since th repeal of the excess profits tax and the reduction of surtax rates on Individual Incomes do not become effective until 1922 Mr. Fordney said $406,250, 009,000 of the contemplated loss of revenue would not be reflected iu revenue collections prior to the calendar year 1923. Discussing elimination of these levies Mr, Fordney quoted two former Demo crat secretaries of the treasury Ulass and Houston as ursine their repeal, Mr. Glass in 1919 and Mr. Houston in 1920. - Aimed at Tax Kvaders. 'Emphasis was laid "by the chair man on sections of the new bill de signed to prevent tax evasion. He informed the house that nnder ex isting law the taxpayer might Im properly reduce his surtaxes by changing his fiscal, thus splitting his annual income Into two parts. To prevent such an evasion, he added, the bill provided that in the case of a return for a period of less than one year the net In come shall be placed on an annual. HANDLEY FILE S MIL REPORT Dealers Authorized to Sell Stocks and Bonds in Or egon Number 285 . MOTHER AND BABY 20,000 YEARS OUX pr- : -Jd I :... . . , -.-1t BUSINESS INCREASING Many Applicants Are Turned Down Because of Failure To Qualify Here - v. i:T ;i ' S -t -tr j2 K 2 - t At the beginning of ths fiscal year ending June 30, 1S21, there wore 21 H 5 dealers Iu good stana- iug In Oregon 'authorized to sell bonds, stocks and other securities aggregating $29,352,33, accord ing to a eport prepared Dy T .1. Handley. state corporation i commissioner. Durln? the year pll5 dealers permits were ran- celIed?, These permits involved a total authorization of $ 14,41 3,- 313. Thirty-Five Cancelled "Durlnlr the current year 07 dealers' permits were i.sued au thorizingthe sale of $38,051, VK1." Baid the report, of wnica num ber 35 were subsequently can celled. These permits involved a total authorization of of S 1 4,-tt. 610. These 207 apvlicaots had applied for authority to sell an aggregate of $41,911,694. but to tal reductions amountirg to $j,- 9 3 9,9 53 were made by this de partment. "At the close of the fiscal year there were 341 dealers in good standing, with authorization to soil $38,42?.V34. At the begin- "XT' - 3 "! m GIFT Aumsville Sciiool District Accepts Offer of Cash and Acreage WARRANT PLAN ADOPTED 1 -"---. hi f -iV5SU aV I . r, : v 'Cj - - - . v "-J W.WJ.' i i i 1 1 r i 1 1 it is 5 UullLlb'Uill ;i Ttrills "THE SKY PILOT" LIBERTY 1 vvaicn tor -anowDuna Professpr Panunzlo Is Expected Here This Week V "."1 , ' ' ' Professor ; C. M. Panunzlo "of New York city, who was elected professor of social science for Willamette university, lit expected to arrive in the city this week. He , has done graduate wprk In llarvajd,-. 'university, ,- Columbia university ana tne university or New ,, York, ; specializing In soclo logy, social , ethics And immigra tion problems. , ,, ; . o , Professor Panunzlo Is the auth or of a book entitled "Deportation Cases of 1919-1920." and also of a book soon t to be published by McMillan & Co. of New York. entitled "The 'Soul of an Immi grant.' v . -During the war Professor Pan unzio was Y. M. C. A. director on the Italian front and since his re turn to the country, has served as superintendent of Immigration 61 vision of . the Interchurch world movement. n'.ng o tho year there were 29 ifttck brokers in gotKi standing Thirty permits were Issued dur ing the current year while &v were cancelled, leaving 39 or these dealers in good standing at the close of business June 20, of this year. Home Fail to Qualify "The total number of applica tions received during the vear was 288, of which numbsr 237 were granted. 19 denied; and 12 were dismissed because of the appli cants refusal or neglect to furn ish required information. "At the close of the year 20 ap- nlicatlons were pending, all of which have been carefully anal yzed and additional information requested. It is likely that most of them will be denied or dis- m'ssed but sufficient time has not elapsed to permit of classifi cation. Permits Show Increase "During the' previous fiscal vear a-total of 209 new cascf were acted upon as afeainst 218 for the current year, or an m crease of approximately 40 per cent In the number of permits handled. As a result' of reorgan izing the office; this, increased volume of business nas been handled without additional ex pense. "There also should be consid ered the numerous intormal ap plications of common law tru companies which have been di missed, and also similar appllca tions of foreign i corporations whose chartars. It was held. CTanted powers not recognized or contemplated by the Oregon laws and which were calculated to pro vide unfair competition with do mestic financial institutions Close Scrutiny Kept ,"I also call attention to ether informal applications which have been dismissed because the " , Photo br Underwood It Underwood. This image of a mother and child was recently dug up in Vancou ver. It bears evidences of being more man zu.uuo years oia. iae face of the image, remarkably well preserved, bears striking re semblance to the skua of the Neanderthal man found in an excavation in western Europe and scientifically estimated to have lived 25,000 years ago. showing made before this depart ment, while apparently fair and favorable, was predicted on a very limited exercise of the broad powers granted by charter, whereas It was evident that the promoters had ia mind a later ex ercise of powers pi a more specu lative character. consequently, the use of the investor's money In a manner and lor purposes not contemplated at the time of th? investment. Extra Work Observed "Consideration should also ,be given to the extra work Imposed on th!s department in the course of economic readjustment. Many investors, have been apprehensive at times and seemingly of the opinion that all business should be put under suspicion instead of above it. The expense fund ot this department has not bean dis sinated on complaints ef ..this character but much time nd ef fort were necessarily expended. Reasonable complaints have Jwen g.ven consideration at all times and were more numerous than un der normal conditions." " I 1 : TUFA K MIS e e puce being very Impressive and beauti ful, after which the bride and croom (received the hearty con gratulations of all present. Mrs. Lynch Is a very acconi plished young woman with many ndmfmrii nf lifr home itv Mr, Lynch has been making his home in Salem for some time. After a brief wedding trip they will make Salem their home. BEST SELLERS ARE ENUMERATED Salem Library Patrons Min gle Fiction With Real Deep Selections Model Institution to Be Mon ument Honoring Hus band of Donor It :"wm'; be - modeled after the high school building at Staytoa and will be erected on the present sthool grounds at Aumsville. pro bibly in front of the building now in ns$v " Ma jot it y Heavy At the election held Monday to aecept-or decline the offer of Jlrs. Davis, the voting waa 1 In favor -ef accepting the gift and 20 against. In accepting the gift the Aumsville - district will also in vest about $2,000 in the build ing. Instead of voting bonds. It has been decided to issue warrants to tear interest at G percent, pay able within 10 years.' This will not materially raise the taxes of the district, as It is now out of debt, with $2,000 in the treas ury. --''" " ' -- " ' For the purpose 6f erecting a school building as a memorial to her husband. Mrs. C. A. Davis, the last of the Turner heirs, has pre sented to the school district of Aumsville $9, OoO :a cash and 38 acres of land, valued at $75 an acre. In the gift, it is provided that the Aumsville district must raise an equal amount. It is also provided that the school building to be erected Khali be known as the Davis memorial high school, and that it shall be constructed of brick or concrete. Until Aumsville school attendance requires an exclusive high school building, the Davis memorial building will be used for both grade and high school purposes. Karly lluilding IteuuireU One of the provisions of the gift is that erection of the school building shall begin within a pe riod of eight months following the gift, which was officially ac cepted yesterday at an election held in the Aumsville district, al so that It shall be completed THURSDAY MONTY'S SOLDIER COMEDIANS The Big Comedy Show "HELLO RASTUS" blTgh THEATRE fK Polfa!TPacijiCj Co'mp: Conference Pos; - A ronf?rfnc of officials Postal Telegraph; eompanv the Pacific Telephone ct with relation to the comn age of poles pn j the ( River highway la the vie , Goble, has bejn postioned Oregon public; service comi ftntil Auguit I 21. It ori had been planned to hold tl ference here yesterday. The conference Is the growth ef a dfcsiro on lh i t the Postal Teegtaph com, ft'ftc al .to establish a poU on. the Colambial Rlror hit;---and ohjeclloni consequently by the state highway commLvv The state highway comroiswior. allet-ed that the establishment another pole pine would men. the beauty of the' highway. t I ladies' Coat lueaters; for Beach or Outing Wear A splendid Sweater in combination col ors at a price within1 the rparh ni all I a W w m m 9 Heavy Wool : : -IV- "' , $4,98 ... - - . : " --: - - GALE & GO. Commercial and Court Streets Night and Day Operation is Program at Quarry at Abiqqua Forks . -. i Mj...,,.ir! :-;;...;.;,...',...-, -,1 j v-'f.t ,i! Iff. S:' - 1 . - y-rmm M W I M II S 4 - ' Come on along! up your makings papers with P. A. Greatest sport you know to pull out your makin's ! papers and some Prince j Albert and roll up a ciga rette! That's because P. A. j is so delightfully good and i refreshing in a cigarette ; just like it is in a jimmy ; pipe! You never eem to get your fill P. A.'s so j oy' usly xf riendly and ! appetizing. :; : :; -; ,' ' Princo; Albert will be a f fevelation to your taste ! No other tobacco at any price is ' in its class! And, it rolls up. . easily because it's crimp cut and it stays put It's the best bet you ever laid that you'll like Prince Albert better than any ciga rette you ever rolled! , And listen! If you have a jimmy pipe hankering by all means know what Prince Albert can do for you!. It's a revelation in a pipe as well as in a ciga rette! P. A. can't bite or parch. Both are cut out by our exclusive patented process. Print Albert to 0cU in tmppy rW baft, tidy td tfat. Aanrfaoma pmn4 mtd hmU pnnd tin hmmiivr mmd im th pund cryttml glim mmml mr rlr top. o 4 v i .4' i rn i the national joy moke ' CprHt 1321 hr J. KdraauU Tsb.cc Co. W.C. SILVERTOM. Ore., Aug. 16. (Special to The Statesman) Work at the quarry above the Abiqua forks is rushed both day and night in order to get out the tufa rock during the dryseason as it will not be possible to han dle the large rocks when wet wenther arrives. The tufa, which is a rock of a kind of porous stone of a rough. irregular, cellular Ktructnre, form ed either as a calcareous deposit from water or as a conglomerate of fragamental volcanic sub- stance, is very valuable buildins material. At the quarry it is mined by boring a hole with a Ions ' bar which gradually sinks into a leds'e from Its own weight, much in the same manner as a well is bored. When the necessary depth is reached a charge of black powder s placed in the hole. After this Is exploded pieces of rock welsh ing several ton can be taken from the ledge. The tufa rock is found under from four to six feet o" dirt and ! the workmen report bavins: found at intervals charcoal veins run ning through the rock. iruclcs take the rock from the quarry to the forks where it is unloaded by means of a donkey engine. From here it is taken by another truck, to the mill at Mt. Angel wnere it is sawed much. in tne same manner as lumber, r Fittrup-Lynch Wedding Is Held at Vancouver INDEPENDENCE. Or., Au. 16. (Special to The Statesman.) This morning at St. Patrick's Catholic church in - Vancouver, Wash., occurred a very pretty church wedding, the principals be ing Miss Ellen Futtrap of Van couver and Harry Lynch of Sa lem. The bride and groom were attended by Miss Myrtle Saapp, daughter of Dr. and Mrs. Snapp of this city, as maid of honor, and Dr. G. L. Lynch ofSa'em as best man. the latter This story 13 for highorows and also for those who want to keep posted on the six best selling books during tile month of July. The books may be found at the city library and have been in constant demand, showing con clusively that halem loiKs are rcadins; along the same lines as the intellectuals of New England and other places. For those who really like heavy reading, the best sellers for the past month, have been as follows: "Outlines of History," by H. C. Wells; "Story of Margot Asquith,'' Peace Negotions." by Lansing; "White Shadows, in thev South Sea." "Americanization of Edward Rok." For tliose who prefer fiction at this time of year, the city lib r.ry ran supply them with u!l the leading best sellers for tha past month or so. -.Main sireei. - mat Ptory or a snail town in Minnesota, con tinues to rank No. I when it comes to the number of readers in the country. ATter "Main Street," the book which shows the other side of living in a small town is the most popular. It's title is '-The llrim minif Cup." For those who do not hkfl "Main Street." and want to read the otheir side, ' The Brim ming ('up" is recommetidf.'J. Others that rank high after the two mentioned are: "The Mvs- ptenous Hide. ; by Zane C.rev; "Age ot innooenc," by Edith Warton: "The Sisters-in-Law." by Gertrude Atherton; "Moon Calf," by Floyd ueil. The I: Are Numerous Arrivals- EAST TO DARKEN iff! GflAY 1R You Van llHng Rack Color and Jitistre With Sage Tea , and . Sulphur en you darken your hair with Sage Tea and Sulphur, no oue can ieu, oecause it g done so naturally, so evenly. Preparing this mixture, though, at home, is mussy and troublesome. At lit tle cost you can buy at any drug store ihe ready-to-use preparation improved by the addition of other Ingredients, called "Wyeth's Sage and fcclphur Compound." You Just dampen a sponge or soft brush with it and draw this through your hair, taking one small strand at a time. By morn- irtr ? 1 1 try 1 ViIf nioi r nr o n n brother of the groom, cesides &ev-j after another application or two eral ether attendants. j yonr hair becomes luxuriantly glossy and luxuriant. itie veaaing was one of the largest church affairs witnessed in St. Patrick's church for some time and was attended by a ilarge numebr of relatives and friends. The usual church service attend ing suck occasions was celebrated by the resident pastor and choir. darkened Gray, faded hair, though no dis grace, I3 a sign of old age, and as we all desire a youthful and attractive appearance, get busy at once with Wyeth'B Sage and Sul phur compound, and look years younger,. Adn Coats, Busts. Dre Bport Shirt 1 .... The New Styles the New Moods and Modes Are Inextricably Desirable There are the Plush and Velour Coats for out of doors, the street dresses of Tricotine and other material suitable for the early fall. Variety will be especially noticeable In our early fall shipments of coats, suits and dresses. Oh, Yes; in mentioning the suit models wo might add the distin guishing smartness of the shawl collars and novelty panels and the many new features that will merit your early Inspection at this store. Iteady-ro-Wear Department on balcony . IMPORTED SILK PONGEE AT A 1HO SPECIAL SIXLIXO Now Is the opportunity to buy your much wanted fabric at the sea sons' lowest price. This Imported Pongee Is especially noted for its weariug and washing qualities, and popularly used in the mak- YZ1 ing of shirts, blouses, Undergarments, Dresses, Curtains, etc. 1 SsSis? $1.50 value special at, yard 89c Silk Dept. Main Floor. GINGHAMS OF THE PRETTIEST You couldn't find gingham prettier than the display on our counters, and they are or the quality that' will please you, too. They all go in the big siKU!i salk though, for we need apace and the ginghams must give way. to heavier materials. Come in and make a choice aninog the very first. 35c Values, per yard ' 19c Dry Goods Department, Main Floor ARMY BLANKETS AT IH REDUCTIONS . : - Made of heavy grade wool, full size an extra fine value, for the coming cold wintry days. On sale at $2.98 Bargain Tables, Main Floor and Buy now .it Grocery Bargains of r e a t importance may be had at this store. Exclusively agents of KARO (Live Model) COUSETS made with bustless stems, combining hygiene and comfort supremacy. At sale prices 98c and up. -1 "-:,. .1-..--'.,-; ,- 1 Ladies' Home Journal Patterns Peters Diamond Brand Shoes ft . I1 'Ml ;l 1