Share-the-Wealth Measure Passes House Amid Heated Debate
The House approved the President's share-the-wealth tax plan despite opposition from Republicans calling it political demagoguery. It raises income taxes above 50 thousand dollars, shifts to a graduated corporate tax, taxes inheritances and gifts, and adds 5 to 20 percent on excess corporate profits. Estimated revenue reaches 250 to 270 million dollars. Senate prospects appear doubtful with conservative Republicans and some Democrats poised to oppose.
MENTIONED IN THIS ARTICLE
House
Representative Treadway
Massachusetts
Senate
Senate Finance Committee
W. W. Barbour
New Jersey
Barbour
Roosevelt
Army
Navy
Judiciary
Executive Branch
Congress
Europe
Senator Proposes National Commerce Licensing Measure
Wyoming Senator J C OMa honey, a lawyer, drafted a bill to regulate all national commerce by licensing business. He avoids the term interstate commerce and would define commerce among the states using Supreme Court precedent to guide the measure's scope and objectives.
MENTIONED IN THIS ARTICLE
NRA
J. C. O'Mahoney
Wyoming
Supreme Court
British Parliament Gives India a New Government
Great Britain enacts an India bill creating an all-India federated parliament linking with eleven British Indian states and native states that choose to join. It separates Burma and Assam and grants substantial self-government to these regions, marking a major expansion of colonial governance.
MENTIONED IN THIS ARTICLE
India
Burma
Assam
Eden Laval plan fails to satisfy Italian envoy in Ethiopia dispute
In Geneva British minister Anthony Eden and French premier Laval proposed a League of Nations procedure to avert war with Italy over Ethiopia. Italian delegate Baron Aloisi called the plan entirely unacceptable. The council set aside immediate action and ordered a general review with arbitration due by September 1. Ethiopia’s Haile Selassie warned chiefs in Addis Ababa that war may be imminent amid rising fighter ardor.
MENTIONED IN THIS ARTICLE
League
Anthony Eden
League of Nations
Geneva
Italy
Ethiopia
Laval
Kranea
League Council
Mussolin
Baron Aloisi
Deang
Ualual
Haile Selassie
Addis Ababa
Secretary Swanson outlines plans for Pacific naval bases
Secretary of the Navy Swanson says strongly fortified Pacific bases will be built after the 1987 treaty expiration. He cites fleet maneuvers near Hawaii and the Aleutians and notes Japan’s treaty abrogation spurred study of Pacific fortifications. He cites existing bases as few compared with Japan and Britain.
MENTIONED IN THIS ARTICLE
APAN
United States
Swanson
Pacific Ocean
Pacific
Navy Long
Japan
Hawaii
Aleutian Islands
Navy High Command
Great Britain
Law gives rapid promotions for thousands of officers
A new law signed by the President accelerates promotions for about 5,000 army officers effective September 1. It raises colonels by 158, lieutenant colonels by 364, and majors by 890, with over 1,000 second lieutenants advancing to first lieutenant and 1,769 first lieutenants becoming captains. In total 4,018 officers receive immediate promotion.
MENTIONED IN THIS ARTICLE
Dee
Washington
Capitol Hill
Power Trust
Tuseless Holding
Why Does Mussolini Need So Many Men Abroad
Berlin reports rising bitterness toward the Catholic church with posters alleging Catholic opposition to Nazi rule. Frank Hitchcock, postmaster general under Taft and early aviation advocate, has died. A rattlesnake bite incident and a childless marriage rate are noted, along with Japanes cotton buyers folding and anti Jewish attitudes impacting trade.
MENTIONED IN THIS ARTICLE
Frederick Gillette
Rederick H. Gillett
Massachusetts
United States
Springfield
Mass
Frank H. Hitchcock
Daily Citizen
Tucson
Ariz
Hitchcock
Taft
Berlin
Mussolini
Abyssinia
Japan
Grafting Center
Reich
Germany
Government to Control Credit
Government to control all credit and money is argued in this Western Newspaper Union piece. It traces private banking influence since the Morgan era, advocates a government backed system under a president appointed board, and warns of the consequences for national finance and constitutional powers.
MENTIONED IN THIS ARTICLE
Ashington
Money Trust
J. P. Morgan the Elder
Wall Street
Morgan Bank
Federal Reserve System
Congress
Andrew Jackson
White House
RFC
Henry Fletcher
Republican National Committee
Lincoln
Republican Party
Supreme Court
Fletcher
Roosevelt
PWA
Also Mentioned on This Page
Foreign Office
Frank Crowninshield
Vanity Fair
Census Bureau
Philadelphia
Rexford G. Tugwell
Resettlement Administration
Bremen
Odell Lad
New York
William Phillips
Rudolf Leitner
Phillips
Goebbels
Hjalmar Schacht
Paul Joseph Goebbels
Essen
Stalheim
Judah
Sen
Paul Goebbels
O'Mahoney
Hirohito
Jiroji Salo
New England
Tokyo
State Department
Hastings
Delaware
Saito
Lec'y Swanson
Brisbane
Frank Hitchcock
Thomasville
N. C
Campbell Holmes
Aoettenet
Indies
Sacramento River
California
Madame Evelyn
Texas
Nathan Straus
Lac
WNU
Bankers of
Red Fire
Earl Godwin
Dred Scott
Associated Gas and Electric Company
DuPont Company
United States Steel Corporation
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