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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 06, 1929
Page
2
Secretary Mellon presents the annual U S finances outline to Congress with a plan for income tax cuts and a flexible tax provision. He cites a $184 million surplus for the year ending June 30 and notes rising individual incomes boosting treasury receipts, while warning of market volatility.
The secretary notes a potential temporary Maroon year surplus and recommends a one percent reduction in the corporation tax to benefit taxpayers now with flexibility to revert if conditions warrant. He cites public debt trends, 1929-1931 budget projections, and tax distribution between corporations and individuals.
Wayne West Virginia December 5. Two men Harry Bailes and James Williamson were each sentenced to 25 years in the state penitentiary for highway robbery in Wayne county circuit court. The sentences are among the longest for any crime in Wayne county outside murder. They confessed to holding up three men at Wilsondale on October 21.
The Chicago based Council of Churches denied maintaining a legislative lobby and released a Washington bureau budget of 11,000 dollars. Dr. Charles S. MacFarland said propaganda accuses the federal council of large spending while most funds support chaplains and disabled veterans.
Huntington West Virginia December 5 40 000 pounds of steel and materials requested by the United States engineer office for maintenance projects on the Kanawha and Ohio rivers bids due December 20 planning and procurement action announced.
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