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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Dec. 6, 1929)
a IHIIJTilS FOR TAX SLICE House Ways and Means Body Gets Behind Admin istration's Program WASHINGTON, Dec. 6. (A?) Setting what It hops will be n example for the house, the ways and means committee quick lr approved the administration program for a $1(0,000,000 cut in 1929 income taxes today and the house will take it up tomor row. Under Secretary Ogden Mills, of the treasury, explained the plan for a flat one per cent ! re duction of taxes on corporation and normal individual incomes in the returns to be paid next year. After" the committee : hearing. imous consent of the house to re port the measure tonight to elim inate all obstacles to considera tion. With everything prepared ,by the majority leaders for quick pas sage of the measure tomorrow, the first opposition to the pro gram recommended to congress by President Hoover and approved by the party leaders in both branches developed In the house. Deficit fn National Treasury Is Feared Representative Ramseyer, re publican, Iowa, expressed the opinion that such . a , program would create a deficit in the na tional '. treasury. The action took the republican leaders by surprise but they Joined with the remain der of the house membership in granting him unanimous consent to file minority views. .Before the committee! at the haenng on the resolution, Miles eald' the estimated surplus of $226,000,000" for the fiscal year 1930, and the estimated surplus of $123,000,000 for 1931, pro vided a reasonably adequate mar gin of safety that would permit the reduction. "The treasury feels," he said, "that the taxpayers should re ceive the benefit of these pros pective surpluses in the form of tax reduction." Effect of Stock Mart Crash Closely Watched The treasury official said the treasury had been confronted with the difficult problem of determin ing what effect the precipitous de cline of security values recently witnessed would have on the prof its from security transactions, and with Other factors almost im possible to foresee, in determin ing the-problem. , The measure, bp said, solved the problems of giving the maxi mum number of taxpayers, par ticularly small ones, the benefit of the surplus. The corporation rate would be reduced from 12 to 11 per cent for the one year by the measure. Corporation taxes would be re duced by $9000,000 and individ ual Incomes - levies by $70,000,-000. Communists to Arrange Parade VANCOUVER, B. C, Dec' 5. (AP) If plans of the communist party of Canada here are carried out, several hundred men, with or without permission of Chief, of Police W. J. Bingham, will march on the city hall tomorrow after noon to demand :tktlfiTOTW. H. Malkln summon t&r city coun cil in special session to "near and act apon the demands of the workless" a manifesto outlined by Chairman J, Lltterick, of the par ty's unemployed section, today said. - K HIG BOATS I fit SIIU MlfflC ST. JOHNS, Nf.. Dec 5. (AP)- No trace of the nine fish ign vessels which disappeared in the North Atlantic ocean during the terrific gale of last Friday night had been found today ry two searching steamers, the Mei gle "nd the Boethic The Meigle has covered a 200 mile course southeast of New foundland in a vain attempt to discover the fate of the little fish ing fleet with 70 persons that set out for Bonvista ports. The Boe ic Is conducting its search east ward. Four women were among those on board the missing vessel. The boats had landed their summer catch of fish here and loaded with winter supplies, had started for their home ports. The storm in which they are believed to have been lost wrecked three, other schooners, from which the crews were res cued, and battered a number of steamers. Among the bigger boats tossed about by the Friday night blow was the American freighter Sa gauche which was towing the Norwegian freighter Hertha into port here. The Sagauche had picked up the Hertha 35 miles off the coast last Friday morning. The Her tha's fuel supply had become ex hausted and the crew was burn ing the ship's woodwork when sighted by the Sagauche. v.. fciATilAN, Salsa, Oiegea, Friday Iloreiz?, DeccaZxr 6, 1823 STJTEHEiS CLOSE"! OF HIS Til NEW YORK. Dec. 5. (AP)- The state neared the end of pre sentation -of the case of murder j it is attempting to prove .against George McManus today with one- of its "star" witnesses giving tes timony exactly opposite from that it had expected to give. Bridget Farry, chambermaid at the Park Central hotel, who George N. Brothers said in his op ening address to the jury would testify that she saw McManus in room 344 "In the hotel Nov. 4 a year ago a few moments before they contend he shot Arnold Roth- stein there, took the stand today and denied she had ever seen Mc Manus in that room. Wearing a bright green dress ! purchased especially for the oc casion, Bridget sat stiffly on the edge of the witness chair and loudly answered "No" and shook her head when Brothers had Mc Manus rise and asked her if she bad seen him in room 349. "Are you willing to say on your oath that you did not see this man in room 34J" Brothers pursued. "No, I didn't know whether he was there .or not," Bridget an swered. - "Madame, did you come here to tell the truth?" The anger Bridget has felt for police and the district attorneys ever since she was held in Jail as a material witness for several j months after the killing, boiled out at Mr. Brothers. GREENBAUM'S Department Store . 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An additional shipment of Overcoats just received a delayed shipment has been added to our stock already the largest in the Northwest giving you VALpES unit are the most outstanding ever of fered at such a low price. VALUES from $J5-o to $5g-o A in if (I. The greatest variety of STYLES and FABRICS ever assembled Styles such as DOUBLE-BREASTED SINGLE-BREASTED CALIFORNIA WEIGHT CRAVENETTED RAGLAN and SET-IN SLEEVES HALF-BELTED BOX-BACK or SEMI-FORM-FITTING TREMENDOUS VALUES NOW is the time to use your CREDIT Get your New Winter Overcoat NOW! Charge It pay for it on I c Credit Privileges at Cash Prices OutofTown Charge Accounts Welcomed TO; 4 Ladies9 Charge Accounts Invited i(v 456 STATE STREET V E3 IT'S li A 11 B SHr (S IL? ElII B EIS FULOPS TWELVE BUSY STORES FROM THE Portlandr , Batte .y; Eugene Two Store Spokane Salem : CANADIAN BORDER TO THE CALIFORNIA LINE Aberd ETerett Longriew Vasconrer Bellingham Klamath Falls