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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
Aug 31, 1931
Page
3
Secretary Mellon unveils an eight billion dollar financing program for the September quarter drawing attention on Capitol Hill. The plan aims to stabilize markets and fund government needs as lawmakers debate key fiscal moves.
In Halbert near Center Texas an argument over slashed tires led to a fatal shooting at a church. Jodie Adams was killed while John Adams Buford Tatum and Ralph Tatum were wounded. witnesses say the Tatums and Adams families watched as pistols were drawn and fired.
Randall County dairymen will hold their regular monthly meeting at Amarillo in the district courtroom at 7:30 p.m. Reports from committees on the recent annual barbecue will be given and plans laid for the coming winter months. The association meets at Amarillo on alternate months with home meetings at Canyon courthouse. Football practice at the University of North Carolina is expected to start with 12 to 14 jettermen present.
President Hoover must work with Secretary Mellon and Republican leadership to resolve next year’s budget. Tax revision is debated to meet an anticipated billion-dollar shortfall after a $903 million deficit in the year ending June 30. Treasury shows a $387 million deficit in two months, with income and miscellaneous taxes down. Watson warns next year is a campaign year.
Two North Carolina druggists developed a mixed pain relief formula that stops headaches neuralgic or rheumatic pain in about three minutes. The B C preparation quiets nerves and leaves users buoyant with no after effects and is available at drug stores and soda fountains for 10c or 25c.
Capitol Hill Debates tax options with Hoover facing a hard choice. Senate Republican leaders warn against broad tax hikes next session while Democrats seek deficit relief via bond issues. Independents push for tax revision including higher income, estate and gift taxes. Treasury plans call for an $800 million bond issue and a $300 million short term note as refinancing potential.
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