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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Anita Record
Location
Anita, Iowa, United States of America
Date
Oct 11, 1917
Page
7
Washington reports joint conferees finalize a war revenue bill raising overall levy to about 2.7 billion dollars. Weaker exemptions but new graduated rates widen taxes on profits inheritance and large incomes while post and transport taxes rise for goods and services.
The final war revenue bill set to raise about $2.6 billion allocates taxes across income, excess profits, spirits, tobacco, transportation, mail, and sales. It includes a 10 percent excess profits tax in some cases, reduced munitions tax through 1918, and a 1 cent admission tax for amusements with exemptions for some venues and duties on clubs. It also details stamp taxes on bonds, packages, stock issues, transfers, drafts, and life insurance.
Washington announces new rules setting retail coal prices nationwide by limiting the gross margin retailers may add to wholesale costs. Retailers may charge up to an 80 percent increase over their 1915 margin, not exceeding the July 1917 margin, with examples illustrating adjustments from past costs to consumer prices.
President Wilson appoints Colonel House to assemble a corps of experts to compile economic political military and historical data for use at the postwar peace conference. John E Finley will aid, focusing on European conditions without prompting immediate negotiations or diplomatic roles.
Washington reveals telegrams between von Bernstorff and Jagow show a $1,700,000 loan to influence allied press and peace efforts in France. Reports trace the money, intermediaries, and requests to finance a quiet shift in France's political landscape, with notes from February to May 1916 and references to the German embassy's denials and actions.
Unofficial Brownsville reports describe a Mexican rebel movement near the Nuevo Leon Tamaulipas border led by Portivio Gonzales. Rumors say hundreds evaders of army service who fled the United States may be drafted into Col. True Gonzales troops as northern Mexico government forces are scarce.
The Finnish senate drafts a bill for formal separation of Finland from Russia as reported by the Finnish newspaper Vetcheral Vremya. No action toward separation has yet occurred, with details remaining unsettled.
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