The Oregon statesman. (Salem, Or.) 1916-1980, August 17, 1921, Page 8, Image 8

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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
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"-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