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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Sep 22, 1915
Page
6
Chancellor McKenna outlines a wartime budget with 40 percent income tax rise, lower £130 exemption, higher sugar duty, and heavy levies on war profits. He projects revenue of £1.36 billion this year and debt near £2.2 billion, with further tax measures to fund the war.
Bargain notes show prices for white serge and silk dresses as well as summer dresses. Dressmaker’s prices range from 27.50 to 75.00. Lace original prices vary from 1.50 to 3.60 and 1.00 to 2.00 per yard with sale prices cited.
A report by the American Association of Trade and Commerce in Berlin notes Germany raised about 2.25 billion dollars in war loans and the Reichsbank held roughly 600 million dollars in gold. It cites rapid economic shift, new credit institutions, and increased industrial investment as war-driven factors. The Reichsbank expanded activity and gold cover rose to about 200 million dollars by war year end.
The late Maria J. Shepherd's will, filed for probate in this county, allocates grants to Lynn Hospital one thousand dollars Boston Floating Hospital four hundred dollars M. S. P. C. A. two hundred dollars Methodist Church of Revere five hundred dollars Mothers' Rest three hundred dollars Lynn Home for Aged Women four hundred dollars New England Peabody Home for Crippled Children four hundred dollars. Some institutions may gain further under the will if named beneficiaries are deceased. The residue goes to Mrs. Maria L. White of Cambridge.
Ex Representative Charles M. Blodgett of Malden announced his candidacy for mayor. It is unclear if incumbent Mayor William M. Blakely will seek re election and John B. Robbins, chairman of the Malden Board of Aldermen, is the only other declared candidate.
Lawrence D. Brooks treasurer of the Progressive State committee says a gross error was found in nomination papers handling by Secretary Langtry, but officials say Lindsey of Beverly may be legally listed on the ballot.
Judge Robert O. Harris faced sharp criticism from Frank N. Nay for his handling of the report in the Bates versus directors of the wrecked National City Bank of Cambridge case. The dispute arose as United States District Court in Cambridge held a hearing before Judge Bingham tin.
Judge Harris ruled the directors not liable for the defalcation by bookkeeper George W. Coleman who stole $310000 and gambled it away in New York. Attorney Nay argued the master favored the defense and erred in rulings while noting missing audits, 7 missed meetings, and evidence showing the directors failed to detect discrepancies before the bank’s collapse. The case continues before Judge Bingham in U S District Court.
Tufts College begins its 60th year with general student registration at Ballou Hall at 9 am. About 200 entering students are expected, the largest ever. Three faculty changes include Charles Henry Gray replacing Richard Jones in English, R B Wilson replacing Philip G Wright in economics, and Harris Rice succeeding Vannevar Bush in mathematics.
A persuasive note highlights Kellogg's as the original toasted corn flakes brand. It asserts the product's superiority over imitations, claiming baby readers will refuse tasteless substitutes and recognizing Kellogg's responsibility to over a million homes.
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