Image provided by: University of Oregon Libraries; Eugene, OR
About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Aug. 16, 1921)
Pa The Capital Journal, 6altm, Oregon Profits Tax Cut In 1922 ByNewBill T790.000.000 Millions Reduction Next Year In Measure Present ed by Fordney Washington, Aug 16. A reduc tion of $790,330,000 in the an nual tax bill of the nation will result from the changes In the 1918 revenue act embodied in the new administration tax bill, Chair man Fordnev of the ways and means committee declared in majority report filed today In the house. "Inasmuch as the repeal of the excess nrofits tax and reduction of surtax rates on individual in comes do not become effective un til the calendar year 1922," the report said, "$406,250,000 of the contemplated loss of revenue will not be reflected in revenue collec Hons prior to 1923." Actual Reductions. Actual reduction in taxes for this fiscal year, the report con tinned, are estimated at approxi mately $200,000,000 total collec tions under the new bill being figured at $3,376,000,000 as against the estimated collection of $3,750,000,000 under the present law. ( Estimated reductions in taxes beginning with the calendar year 1923, are given in the report as follows: Repeal of excess profits Janu ary l, 1922, $460,000,000. Reductions of surtax rates on individual Incomes to 32 per cent, January 1, 1922, $90,000,000. Increased exemptions of heads of families to $2500 fur Incomes not in excess of $50,000, $40,000, 000. Additional exemptions for de pendents, Increased to $400 from $200, $30,000,000. Taxei Repealed 1922. Repeal of all transportation taxes, January 1, 1922, $262,000, 000. Repeal of tax on life Insurance $6,300,000. Repeal of taxes on beverages, $60,000,000. Reduction of taxes on candy 11,607,000. Sporting goods $2,000,000. Furs $4,510,000. So-called luxury taxes $15,000, 000. Estimated gain in taxes begin ning with the calendar year 1923, are given as follows: Gains in Taxes. Increase of corporation income tax from 10 to 12 V, per cent January 1, 1922, $133,760,000. License to sellers of soft drinks $10,000,000. Tax of six cents on cereal beverages $12,000,000. Tax of fiv cents on carbonic acid gas $2,000,000. Taxes on friut juices, still drinks and fountain syrups $12,-000,000. Substitution of manufacturers' taxes on toilet preparations and proprietory medicines for existing stamp taxes $8,000,000. The total loss in revenue is placed at $968,080,000 and the to taj gains at $177,750,000, leaving the net loss of $790,330,000, estl mated by the report. Japs Prepare To Evacuate Siberian Posts Tokto, Aug. 16 The disposition of the Japanese government to set tle the queston of the evacuation of Siberia before the opening of the Far Eastern conference at Washington, gave a special inter est to the mission of Hajime Mat sushima, of the foreign office, who recently went to Vladivostok to negotiate with the government of Chita. In an interview en route, Mr. Matausliima was quoted as say ing: "The recent decision to despatch the eighth division to Siberia does not mean that our policy regard ing evacuation has ben altered, up it Is the custom to replace old troops when their time has explr ed. The evacuation is now being commenced and all troops will be withdrawn." The Asahl considers the essen tial points of the negotiations as 'First, prohibition against pro mulgating bolshevlsm In Japan and her territories. Second, the creation of Vladl vostok as an open commercial port. Third, the establishment of the open door In Siberia. 'Fourth, the recognition of Japan's already acquired rights and indemnification of the losses suffered by Japanese." Three Generations of The Rockefeller Family Old Pioneer Laid to Rest Funeral services of Josuah L. Purvlne, pioneer and resident of Oregon for over 70 years who died Sunday night at his home at 961 Oak street, were held today from the Rlgdon chapel at 1:30 o'clock. Interment was made in the Zena cemetery In Spring valley. Mr. Purvlne was born in Illi nois and came to Oregon with his parents at the age of six years, when they settled In the French prairie. He was well known as a farmer of this section and has lived in Salem since 1906. He was 9 years of age at the time of his death. Mr. Purvlne 1b survived by his widow and four sons, Elmer W Dudley C, Frank I., and I.ynn M all living In Salem. fllH W.HWII'III IIIIIIIMMIIIIIIMMl8aiiWIC8ljal..-..' twiniii...a..i. in ... m . ""- John D. Rockefeller, his son, John D., Jr., and the latter's three sons are at present In Roscoe, N. Y.. in a sort of reunion. An exclusive photograph o&hree generations of the male members of the family was obtained at the place where they are enjoying their outing. It is the cu3tom of the family to spend a part of the Summer at this beautiful spot, where golfing can be indulged in by the senior and the more strenuous sports by the younger members. Thrills of Flying Jay ToHawaiians Centuries Before A irsh ips Invented Honolulu, Aug. 16. Thrills of cliffs at the saraa time. The ad flying were enjoyed by Hawalians centuries before aviation was In vented, according to storieB told by natives of today. Their aicejtois got their aerial excltoment by jumping off cliffs into the ocean In home-made "planes." Tbey made a regular game of It, known as "lele pall" or "infMrtng from the. cliff." It was played up to a hundred years or so apo by natives who .Ived near proves of loulu palms near hUh cIIil's over looking the ocea'i. I h game was playod w'th fciifce contrivances built of light but stout sticks ind ove-woven wit'i loulu palm leavea. Several of thebe affairs were made ready, the Ha waiian "aviat ics" took Chttli sea's and were pushed over to veving venturer who remained iongc-st In the air was the winner. Often through oarclessnes? or excitement a "piano" uc.ul.l exe cute a nose dive simiia:' lo those of twentieth century airplanes. The only damage wa.i thu loss cf the game. Old 'lawiiiaas fey that tiidr flying Men w.'.e exctijiicnslly skillful. The only mean. tney bad of guiding tlieir ourt up peaces was to fhlft iheii- weight to nu'.in- taln balance as 'hoy z.y:at'Ptd down toward the .--:i. A fl3et of on trie re.- raidc an chored offshore Ic pick up 1ne sportsmen and retrieve "planes." Greeks Advancing In Asia Minor Constantinople, Aug, 13. -The Turkish nationalist government has ben transferred from Angora to Caesarea (Kalsariyehi, 160 miles southeast of Angora, and the clvlll population of the nation-1 alist capital Is being evacuated because of the advance of the Greeks, says a dispatch from An gora today. The Turks intend to make a stand against the Greeks at the Sakarla river. Probing Officials Of Wrecked Bank Chicago, Aug. 16. Auditors representing the state's attorney's office have started an audit of the Michigan Avenue Trust company's books to determine if any other officials are implicated with War ren C. Spurgin, the missing presi dent, in wrecking the bank. The institution was closed sev eral weeks ago following the disap pearance of Spurgin, believed to be In Mexico and the discovery of a shortage of over a million dollars in the accounts. SOUR Washington, Aug. 16. Butter produced from sour cream, the aci dity of whioh has been reduced by neutralizing agencies before churning, is not adulterated but ter or taxable as such under an opinion by Attorney General Daugberty made public today. Fined for Speeding. E. H. Bunell, 1400 Marlon street, paid $10 this morning for the privilege of speeding hi3 auto mobile on Chemeketa street last evening. Bunell was picked up by Officer Hayden. who reported the speeder to have been traveling the at the rate of 32 miles an hour I on Chemeketa between Summer Exceptionally daring Haini:t"s:and Capital streets. He made his often hopped off thousand foot I plea before Police Judge Race at cliffs on the maln'en 1. II e said. 11 o'clock this morning. Claims Nurse Electrocuted. Chicago, Aug. 18 Charges that Mrs. Winifred Bagley, a nurse was electrocuted during an X-ray dem onstration at the Pageant of Pro gress here last week, were made today by a detective agency wblch Investigated the case. ed Crown (ST QUALITY DOMINATES Quality is the genius of production; and the dominant characteristic of Red Crown gasoline is quality. One cannot experience the results of quality unless quality is in the product. "Red Crown" is an all-refinery gaso line; a product of quality a perfect stream of power that makes it pos sible for you to enjoy the maximum power and the maximum speed your engine was designed to develop. Look for Standard Oil Service Stations and for the Red Crown sign at garages, service stations, and other dealers. There you will be able to get good service with Red Crown gasoline. STANDARD OIL COMPANY (CaluWaia) J. II IB Pleasant News foe Stout Women A DEMONSTRATION OF Stylish Stout Soelllme System j Corsets Disgusted With Money Grabbers Commits Suicide Oakland, Cal., Aug. 16. The body of Kenneth Morison, Can adian veteran of the World war, was found in the ante room of a dancing pavillion here last night. There was a bullet wound In the head and one hand clutched a revolver. A note left by Morrison said: "Another soldier gone west tired and disgusted wjth the money grubbing stay at homes." Other notes requested that Mrs. M. E. Bogart, 1124 Oxford street, Victoria, B. C. and Captain G. N. Dean. Canadian air force, Van couver, be notified of his death. Open Shop Fight Impends at Marion Marlon, Ohio, Aug. 16. Work man who attended a meeting of the shop crafts last night said the men voted to work only under union rules for the Railway Serv ice company which yesterday, by lease, took over the Erie railroad shops here. The service company announced yesterday It would operate the shops similar to other manufacturing plans here, which run on the "open shop." T. A. Clawson, president of the local machinists union, jsaid the Erie had brought In 150 men a week ago when the company dis continued overtime pay provided by union rules, but that the out siders had been persuaded to leave town. No violence would be tolerated, he said. Tuesday, Aun.. - J" l2j in , . . - had mqe than wined coating 55 cents a v,, ' 1 "e on a 19l4 J J" t. h..i. ..... . prflucttoa 1 "tun ioaay for 4, i Omaha, the farmer !ut M 33 cenu after hand,,; "' ! ' portation charges ar " said. 4ra m, h, , ""a nas 1,200.00(1 sugar ready for Shlpmeal' toy Corn Selling Less Than Cost Washington, Aug. 16, Freight rates on a carload of corn from a Nebraska farm to Omaha, payable in 1914 by the sale of 118 bush els, now costs the market price of 392 bushels, J. W. Short-hill, sec retary of the Farmers National Grain Dealers association, told the interstate commerce commission today at hearings on grain freight rates. Farmers in 12 states, Mr. Short- hill said, had effected savings amounting to five cents a bushel in handling grain through cooper ative elevators and market sys- New Today A Spectacular Drama lawed Packed with Thrills and Adventure Matinee Evening BLIGH Theatre Ladies' Fall Hats New styles arriv ing every day. New Plush Sailors in Beaver, Brown, Navy and Black. See them that's the best advice we can give. Our Prices Always The Lowest $3.98, $4.75, $5.45, $7.90 GALE & CO. Commercial and Court Streets 1 " -a The Expert Corsetiere MRS. ALICE HOOPS of New York will be with us to give all in quirers the benefit of her ex pert acttice in the selection of a "Stylish Stout" Corset. You w ill he agreeably surprised at the transformation in your figure after the Kl RST TRY-ON You Come in Stout and Go Out Slender You are under no obligation to buy -come in, look them over and try them on if y?u wish. The Corsets Are W. B. Stylish Stout La Vida Lee telle Youthline Reduso . 9L ii How Far Will Your Dollar Go Today? "What you get for a dollar determines its value. And the secret of economical buying is information. The man or woman who is best informed is the one who buys to best advantage. Every day this newspaper contains information that you should have in order to increase your buying power. The advertisements are intimate little lessons in econ omy. They are notices of how where when and for what your dollar will go farthest. This advertising awaits your pleasure. It dees not force itself upon you. At your convenience you can study it to learn where to go for the product or service you require to discover 'where and how you can buy most easily and to best advantage. It's a fascinating and worth-while practice to see just how you can make your dollar do its best for you. The advertisements will tell you 466 State Street Phone 877