PAGE TEN
SIEDFORD MXIL TRIBUNE, MEDFORD. OREGON,' TUESDAY, OCTOBER 1, 1933
WEALTHY CITIZENS
GIVE WEALTH AWAY
TO AVOjDNEW TAX
Fifteen Million Disposed of
in August Is Report of
Securities Commission
Recipients Not Listed
By Richard U. Ortdlejr
United Press Staff Correspondent
WASHrNOTON, Oct. 1. (UP
Handful of wealthy Americana de
posed of nearly 15.000.000 of their
fortune by gift In August as the time
drew nearer for the Imposition of
draatle new federal gift and estate
taxea. the securities and exchange
commission repCu-ted today.
Following tfu lead preTlously set by
John D. Rockereller, Jr., In disposing
a! 77,OO0,0OO, or a quarter of his
known Standard Oil fortune, other
capitalists like Oeorge F. Baker, 8am
uel Zemurray, Ogden 1. Mills and M.
U. Flelshhacker were shown to be
busy In reducing their estates by gifts
or other means.
Tax Starts January 1
These operations were believed to
be only a small part of the transfer
of wealth proceeding throughout the
country In possible anticipation of
the new tax bill which goes Into ef
fect January I, 1938. The bU Itself
was part of an administration pro
gram to pare down big fortunes thru
taxation. Treasury officials have re
ceived numerous inquiries relative to
avoidance of new tax levies.
Under the new gift taxes to go Into
effect January 1, gifts up to alo.000
will be taxes l',4 per cent instead of
14 per cent. Rates above Increase
over the old rates In a graduated
scale until they reach $80,000,000.
when the rate Is 52 '4 per cent. The
old bill provided for a rate of 45 per
cent on this site gift.
Baker Splits Fortune
A breakup of the vast George P.
Baker fortune was shown in the sec
retary's report today. Baker, who
recently Inherited a multl-mllllon
dollar fortune from his father, was
shown to have given away securities
worth $6,132,000 in August. Several
million dollars' worth of his securities
were sold in the open market.
Former Secretary of Treasury Ogden
L Mills gave away 1000 shares of
Cerro de Pasco common stock worth
(58.000.
A partial list of disposition of
stocks by gift or transfer last month
la shown in the following table:
Eugene Du Pont, Wilmington, Del.,
15,000 Du Pont, 1.878,000.
Samuel ZeMurray. New Orleans,
20.000 United Fruit, $1,360,000.
Edward Williams, Cleveland, 7500
Sherwin-Williams. $810,000.
K. T. Keller, Detroit. 6400 Chrysler.
$388,800.
R. E. McConnell, New York, 7000
Mayflower Assoc. $378,000.
William O. Tuber. Rochester, N. Y.,
2000 Eastman Kodak, $310,000.
M. C. Honeywell, Wabash, Ind., 3000
Minn. -Honeywell. $306,000.
Charles A. Stone. New York, 30,000
Stone & Webster, $210,000.
' M. M. Flelshhacker, San Francisco,
15,000 Natomaa (mining) $150,000.
No Information was available as to
Will Play for Elks Dance
I ii 1 1 w Willi n n p- '
Cole MrElroy's popular orchestra nil) furnlMi ttie music for a ftppclal
dance Wednesday evening at the Med ford Klks' lodge. The orchestra ts
stopping In Med ford en route to Portland after a month's tour of California.
tho recipient of thews huge gifts as
thla ts not roqulred by the securities
and exchange commibslon. Presum
ably, however, a large part' of It un
doubtedly went to families of the
givers.
PASADENA. 01., Oct. 1. (AP)
Upton Sinclair, defeated Democratic
nominee for the governorship of Cali
fornia, today announced he had sent
a telegram of welcome to President
Roosevelt, In which he sn!d: "Mass
production by you and for tho unem
ployed offers the only escape from
state aqd national bankruptcy."
Lumber Orders
Show Increase
WASHINGTON, Oct.. 1. (AP)
The National Lumber Manufacturers'
association reported today that lum
ber orders booked during the week
ended September 21 were six per cent
above the preceding week and the
heaviest since April.
Shipment were slightly above those
of the previous week, the report said,
but five per cent below production,
while new business was six per cent
under output.
STYLISH BOTTLES
IE
Frosted And Sprayed Cov
erings, Trade Mark De
signs, Beveled Backs,
Stream --. Lining Wanted.
By Paul r. Ellis
Unll Press Btaff Correspondent
PHILADELPHIA (UP) The de
mand for style and smartness has
swept Into the bottle making busi
ness, according to James Maloney,
president of the Olaas Blowers asso
ciation of the United States and Can
ada. And tho old-fashioned half pint
flasks which were sold over the bars
are gone forever. They died when pro
hibition was born but now since the
resurrection of beer and other alco
holic drinks, the distillers are de
manding and getting what Maloney
described as the very latest In glass
containers, such as frosted and spray
ed coverings, trade mark designs,
beveled backs, screw tops, and other
stream-line effects.
More Skill Required
It all meant considerable more skill
in the bottle blowers, but according
to Maloney, the 16,000 workers In the
industry responded to the occasion
and today, whisky, wines, cordials,
gins and other forms of alcoholic
drinks an appearing In bottles, dress-ed-up
to meet the 1836 demand.
The old brandy $ and 6 containers
still are a popular size and shape,
and of course, little change has been
made In beer bottles, Maloney said,
but he added that there were excep
tions. The demand for the new styles and
beauty In liquor bottles was brought
on by the race of distillers to re-establish
their markets after the 13
years of prohibition. Maloney be
lieves. Maloney's office In Philadelphia,
which is national headquarters for
-the glass blowers' organization, is a
busy place these days. The rush began
soon after the 18th Amendment was
repealed, he said. That brought bot
tle makers back to their Jobs by the
hundreds and a new Interest was tak
en by the workers in their organiza
tion. Keg Shipments Opposed
"Our organization faces a bright
future," Maloney predicted. "More
workers are returning to their Jobs
In the glass plants throughout the
country, and we feel very much en
couraged."
Maloney revealed that the glass
blowers' union Is cooperating with the
employers for legislation which would
continue the present federal ban
against shipments of liquor by barrels
or kegs, and the restriction that all
whiskies must be bottled at the dis
tilleries. He pointed out that In ad
dition to helping the bottle-manu
facturing business. It would play a
big part In the campaign to eradicate
the bootlegger and Insure a better
quality of alcoholic liquors.
Phone 643. We'll naul away your
refuse. City Sanitary Service.
MAIL TRIBUNE
POSITIVELY CLOSE
itV a jJ5ssiy8 tf
Ik
TRIBUNE
OFFICE OPEN
UNTIL
For the Convenience
Of Last Minute
BARGAIN DAY
Subscribers
e$3i&3s.
.J CJk J hU ill
Hi
Wednesday Will. Be Too Lnte Suhsevihe 1
Shoes for Women and Children
Wednesday Specials
From Medford's Own Store
Stamped Pillow Cases
An unusual Wednesday special. Beautiful 42-inch
stamped Pillow Cases in new patterns and cut work
designs. These lovely cases are all finished ready
for you to embroider. Regular 98c pair
Wednesday
Special
75
Children's Dresses
Another sensational value for our Wednesday cus
tomers. ' Children's good quality fast color Print
Wash Frocks in sizes 3 to 16 and selling regular up
to $1.25. On sale Wednesday at Mann's.
Wednesday f JJ
Special
54-inch Wool Crepe
For Fall and Winter Frocks we suggest a dress from
one of these good looking pieces of 54 inch Wool
Crepe. Colors are navy, green, brown, wine and of
course black. Your choice for tomorrow only
Wednesday
Special
$149
yd.
Women's Hand Made
NAINSOOK
GOWNS
The Best Gown Value In Months.
Women's and Misses' Hand Made and
Hand Embroidered Nainsook Night
Clowns in dainty shade of tea rose,
flesh and white. These come In sleeve
less and short sleeve sty lea, each with
a pleasing bit of applique or hand
embroidery. Regular 91.00 value
Wednesday Special
75
c
ca.
Wednesday Specials
From the Second Floor!
o
"Dotty Lee" Frocks
Of Washable Crepes
The minute you see these new "Dotty Lee" Wash
able Crepe Frocks you'll want at lea'st two! Ador
able styles in various Autumn shades, and only
$2. The sizes are up to 42 and they sell regular
for $2.95.
Wednesday
Special
$2op
Long Sleeve
WASH
DRESSES
These new long sleeve
"Happy Home" Wash
Frocks in good looking
fast color Prints, etc.,
are indeed the ideal
house dress for these
cool Autumn mornings.
Ask to see them tomor
row. You'll want one
or two. All sizes.
Wed. Special
$1.
Newest
Brushed Wool
Sweaters
For school, for street,
for sports and other
outdoor activities these
new Brushed Wool
Sweaters for Women
and Misses are ideal.
They are in good colors
and sell regular for
$2.50. ' Your choice
Wed. Special
$2.