Agreement on Corporation Rate Increase Adopted
A state measure approving a rise in the corporation tax is adopted to generate revenue. The amendment specifies that revenue will be derived from state and municipal securities issued in the future.
01 Apr 1924
Page 1
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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Apr 01, 1924
Page
1
A state measure approving a rise in the corporation tax is adopted to generate revenue. The amendment specifies that revenue will be derived from state and municipal securities issued in the future.
The Senate Finance Committee unanimously approves a 25 percent reduction in income taxes for this year. It also raises the corporate tax to 7.14 percent, repeals the capital stock tax, and taxes state and municipal securities yet to be issued. The panel votes reflect partisan splits on various provisions as it plans further revisions this week.
Charles M. Dean the Internal Revenue Collector said last night that about six million dollars would be cut from income taxes in Cincinnati under the revenue bill. He added that income tax reports indicate roughly twenty four million dollars will be collected during the year.
A federal grand jury investigating Veterans' Bureau complaints indicted seven New York dentists for presenting and collecting false government claims for unperformed work. Defendants named include Charles Simonson Irwin K Grshansky Lambert R Oeder Irving H Cantor Charles J Meyer and Nathan Fox.
Baton Rouge La March 31 Ten buildings including a church in the negro quarter near here were burned last night by unidentified men in retaliation for the murder Saturday night of Sheriff Rupert Day during a raid on a Negro gambling house.
In Philadelphia on March 31 the yearly meeting of the Society of Friends granted men and women delegates permission to meet together. The move ends a century of separate meetings for the sexes at the annual convocation.
Rumor says OUON General Manager I M Costin will quit to enter the coal business. He would sever ties with several rail lines including Cincinnati Northern and Evansville Indianapolis Terre Haute, with a formal decision likely after returning to the city next week.
Henry Huxall 55 a brick mason died when the car he rode in went off the road and dropped 25 feet near Mont omery Ohio. Driver Dewey Huxall 25 escaped with minor injuries to Christ Hospital. Passenger Wilbur Roosa 45 survived. Moonshine bottles found at the scene. Body taken to A M Vorhis undertaking in Lockland.
In Lick Creek Valley seven miles southwest of Boonesville, a family feud between the McCarson and Van Allen clans led to a highway shooting. Wilmoth Van Allen, 3, was killed. five others including two men and two women were wounded. The incident arose after a school quarrel between the families' children and involved four Van Allen relatives and McCarson children.
In South Bend Indiana on March 31 Benjamin Nelson 24 and Charles Hi Homan 27 both of North Liberty were killed when their car was struck by a South Shore interurban train seven miles west of the city.
A 17 year old youth from Cin cinnati confessed to robbing five grocery stores since March 11 in Norwood and Cincinnati. He described gunpoint holds, a motorcycle purchase, and a failed escape after kno cking a reporter from a motorcycle during transport. He was arrested by Norwood detectives and police.
Seven men died after consuming de natured and wood alcohol in commercial preparations in Toledo. Authorities say no law regulates sale of legitimate articles containing large amounts of alcohol. The dead are Thomas Kelly Barney Keys Milton French William Schults David Blue Edward Wallace Peter Miller. All residents of Toledo living at the Workingman’s Hotel. Police warned lodging-house proprietors that court action would follow if lodgers used such preparations.
PeoriaIllinois March 31 Mud tinged windows red across Central Illinois during a heavy thundershower. Weather observer M L Fuller says the dust likely originated from the Rocky Mountains or beyond, blown in by Eddying winds from the Rockies or Oklahoma.
In Los Angeles an on scene bank hold up left G D Whicker dead and Jack Rogers wounded and jailed after their car failed to start. In Detroit four armed bandits robbed the West Fort Street bank stealing about 15000 dollars while earlier a soft drink owner reported 5000 dollars taken. In Hubble Heebling the Elm Grove bank bandits fled with about 35000 dollars.
Federal Grand Jury in Washington indicted Deputy U S marshals police and marine personnel along with Pullman porters and a caterer group tied to a major liquor ring. Included are three alleged leaders two stenographers and several others facing charges for conspiracy to move liquor from the South and various liquor violations.
The Motion Picture Producers and Distributors of America, Inc. renewed its contract with Will Hays for three years to March 5, 1928. At the annual meeting the association reported growth from nine to twenty one member companies. The W. W. Hodkinson Corporation was elected to membership.
Major Frederick L. Martin announced four planes would depart Seattle in the United States Army round the world flight. He said the start would likely not occur before Thursday, delaying the original plan to depart Wednesday.
An executive committee to decide whether to build a Y M C A house at the University of Cincinnati or establish an endowment funded by a memorial gift for James Gamble Nippert who died from injuries in a Thanksgiving game. The meeting also may name a full time Secretary. memorial gifts from James Nippert and James N Gamble are noted.
Portland March 31 appeal to the U S Supreme Court will challenge a federal ruling that Oregon s 1922 compulsory public school measure violates private and parochial schools rights to teach grammar grades. The decision by Circuit Judge Gilbert and District Judges Wolverton and Bean defends private schools existence and criticizes the act as destroying their business.
Senator La Follette of Wisconsin, ill with pneumonia, has entered convalescence. Doctors report his temperature has returned to normal and with continued rest he is expected to regain full health.
Federal Grand Jury indicts Harry F. Sinclair on contempt charges for refusing to answer Senate Oil Committee questions about naval oil leases. Ten counts reference specific queries by Senator Walsh. Sinclair may return to face bail. penalties range from 100 to 1000 dollars and up to a year in jail.
Counsel for Frank A. Vanderlip filed a 100 page answer in Federal District Court denying libel and slander claims tied to Mason Star ownership. Vanderlip argued his Ossining February 12 speech sought to expose rumors and encourage scrutiny of public officials. Brush and Moore sue for charges of financial irresponsibility and misreporting Vanderlip remarks in The New York Tribune after his Senate testimony.
An April Fool snow fell on Cincinnati and nearby areas after dark, coating rooftops and cars with a thin white layer. The soft moist flakes did not stay solid, unlike the sunny tease of the previous weekend, as the weather man himself was spoofed by the day’s forecast.
In Auburn on March 31 Theo Roosevelt Assistant Secretary of the Navy said a brickbat was thrown at him in Washington he rushed back to the capital to join the Senate fight. He spoke to 500 Masons at the Masonic Club banquet stressing child training as the nation's salvation and did not mention the oil probe.
President Coolidge favors a Middle West choice for Attorney General, not from New England. He weighs cabinet geography while considering Judge William S. Kenyon of Iowa, amid pressure from radicals and the farm bloc. The pick aims to avoid tainting the Justice Department investigation and to ensure efficient oil reserves governance.
Federal prohibition agents inspect Chicago brokerage firms after L. C. Jamieson bond salesman admits taking liquor orders and earning about $1,000 weekly. He states others did likewise and that a case order was misrouted to two agents. Investigators doubt brokerage houses knew of the liquor dealings.
Springfield March 31 Fred Sizelove aged 48 a farmer from near Mechanicsburg hanged himself in the bathroom of his home this morning in a suicide.
In Washington on March 31 Senator McKellar urged a resolution to oust Secretary Mellon on technical grounds, but the measure stalled on the Senate table. Senator Robinson denied responsibility for the move while discussing enforcement of statutes barring officials with interests in commercial enterprises.
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