New Tax Bill Signals Aid To Business Reforms
Washington December 22 AP The House subcommittee on taxes previewed the 1938 tax bill during Congress special session. It moves to drop the undistributed profits levy for 80 to 90 percent of corporations while keeping a lower rate for others and to simplify capital gains taxes. The panel plans adjustments to bond interest taxation, awaits constitutional amendment, and targets exemptions for firms with net income ≤ 25,000 while applying a 12 to 24 percent flat tax to small firms. The committee will continue hearings in January to finalize a bill for full House action.
MENTIONED IN THIS ARTICLE
Washington
Dec
House Subcommittee On Taxes
Congress
Roosevelt
House
Ways and Means Committee
Vinson
D-Ky
Iencome
Parachute Leap by Santa Claus Ends in Harbor
East Boston airport hosts a children’s party for army air corps detachment. Private Kroner jumped, his parachute opened in 40 mph wind. He landed in water 150 to 200 feet from shore, struggled free as a cork life preserver was dropped to him. Pilot Captain Richard E. Cobb aided and the air and security forces pursued. Kroner, veteran parachutist, is married with one child.
MENTIONED IN THIS ARTICLE
East Boston Relief Hospital
Army Air Corps
East Boston
Gise
Kris Kringle
Kroner
Richard E. Cobb
Kraner
Cobb
Cork Life Eee
Army
Navy
Coastguard
All Needy Children Christmas Program Opens Friday
All Needy Children will be taken care of at a specially arranged Christmas program. The show starts at 7 p.m. Friday morning and runs into the afternoon with an all-star comedy lineup organized by Mr. Gould. The event offers free admission to all area children and is a yearly gift from local theaters and newspapers, expecting hundreds to attend.
MENTIONED IN THIS ARTICLE
Gould
Long-Rumored TVA Directors Break Open
A long dispute among TVA directors over power policy ends with a two week hearing now closed. The condemnation board is expected to rule in late January. Chairman Morgan advocated a compromise pooling plan with private utilities, while the others demand no compromise and insist on a yardstick program.
MENTIONED IN THIS ARTICLE
Morgan
One Armed Cafe Owner Foils Robbery Bandits
L. V. Scott, a one armed cafe owner, repelled a mugging last night, aiding the arrest of two suspects. Stanley Ray Jones, 37, and Jacqueline Mary Woods, 21, are held as authorities link Jones to prior Missouri and Ft. Leavenworth convictions.
MENTIONED IN THIS ARTICLE
Los Angeles
L. V. Scott
Stanley Ray Jones
Harry Rogers
Sheriff's Identification Bureau
Missouri
Ft. Leavenworth
Jacqueline Mary Woods
Rogers
Jones
Jefferson City
Leavenworth Penitentiary
Federal probe of irregular registrations targets Kansas City voting
Investigators count about 6 000 questionable applications among over 200 000 on file as handwriting checks and ward surveys reveal suspected fraud. County prosecutor W W Graves calls spook applications a clone and seeks grand jury action while a residential checking crew finds most addresses invalid. Reports of tied births and arrivals in Kansas City raise alarm as crews note widespread anomalies across races and precincts.
MENTIONED IN THIS ARTICLE
W. W. Graves
Louisiana
Kansas City
Tennessee
Miaimi” County
Kan
Miami
Holly
Egyptian Blue Shirts Recast As Scout Youth Cadre
Cairo December 22 AP The Wafd executive committee led by Premier Nahas Pasha agreed to remove the Blue Shirt youth army from Egypt's political scene to ease tension with King Farouk. Finance Minister Makram Pasha said the crisis is over as the 24 000 strong Blue Shirts become Boy Scouts focusing on games and character building.
MENTIONED IN THIS ARTICLE
Cairo
Wafd
Mustapha Nahas Pasha
Farouk
Blue Shirt
Egypt
Ehsid Makrarm Pasha
Nahas
Seek to Bring Flaming Gas Well Under Control
Crews fought to control a blazing gas well at El Segundos operated by Richfield Oil Co after it blew in at 7539 feet. Mud, rocks and water spurted skyward as the derrick was ripped apart and sank. Fire fed by 60 to 70 million cubic feet daily sent flames over 200 feet high, drawing hundreds of spectators and causing over $100,000 in damage.
MENTIONED IN THIS ARTICLE
Los Angeles
el Segunds
Richfield Oil Co
Pension Act to Include Some Types of Servants
Frank Bane, executive director of the federal security board, said the social security act would be extended to include some domestic servants. He cited a Geneva conference and a British debate on adding chauffeurs and gardeners, predicting similar amendments in the United States. Washington, D. C., is the densest square mile with over 7,000 people.
MENTIONED IN THIS ARTICLE
New York
Frank Bane
Federal Security Board
Geneva
Switzerland
Bane
House of Commons
United States
Washington, D. C
Mayor Denies Vice Report In Minneapolis
Minneapolis mayor disputes a grand jury finding that vice and gambling were rampant and that officials failed to prosecute labor racketeers. jurors disavow the statement while the mayor cites DOJ records not supporting the claim. Senator Clark also supports U S isolationist policy regarding China waters.
MENTIONED IN THIS ARTICLE
Minneapolis
George E. Leach
Federal
Department of Justice
Hennepin County
Grand Jury
Patrick J. Corcoran
I Jury
Peter F. Herrly
Herrlg
Jament
Toops Fate in Hands of Lancaster Jury
In Lancaster Missouri a circuit court jury deliberated over Matt Toops 46 charged with the murder of Elmer Lee 65 at Lee’s home near Luray. Defense argues mental derangement from a 1932 head injury. Mrs Toops testified as a key witness in the inquest.
MENTIONED IN THIS ARTICLE
Lancaster
Matt
Toops
Elmer Lee
Lee
Luray
Toop
Valentino's Name Sought by First Wife Jean Acker
Jean Acker Rudolph Valentino's first wife asks San Francisco court for permission to change her name to Jean Acker Valentine for sentimental reasons and to aid her comeback in talkies. She previously earned 3500 dollars weekly as a silent film star before Valentino's 1926 death.
MENTIONED IN THIS ARTICLE
San Francisco
AFP
Jean Acker
Rudolph Valentino
Brilliant meteor spotted near St. Louis sky
Charles Straub, a Lambert-St. Louis airport control tower operator, reported a brilliant meteor northeast of the city. The flash lasted eight seconds with a glowing trail for several more seconds, and the object appeared to fall at about a 45 degree angle.
MENTIONED IN THIS ARTICLE
ST. Louis
Charles Straub
Lambert-St. Louis
Roosevelt aides debate road budget cuts and feasibility
Roosevelt signals push to cut the federal deficit by trimming non essential road funding while Cartwright questions immediate cancellations. The president argues federal aid highways employ few relief recipients, and Gatun Lake in Panama is noted as the world’s largest artificial lake.
MENTIONED IN THIS ARTICLE
Taoé
Gatun Lake
Also Mentioned on This Page
Santa Claus
White House
Diana Hopkins
WPA
Harry L. Hopkins
Litle
Sara Roosevelt
Diana
Mayo Clinic
Rochester
TVA
Yellowstone National Park
Santa
Gil
Boy Scouts
Justice Department
Clark
Cristobal
Canal Zone
D-Mo
China
Elgins
Bulovas
Longines
Hamiltons
Stegmaier Jeweler Uy Dptonetrest
Valentino
Cartwright
House Roads Committee
Fem Gentral Dairy
W. Main
Glenmore
Seagram
Martin's V.V
Shady Wood
Bianca
Hyde Park
Old McBrayer
Renault’s Wines
Muscatel
King Arthur
Tom & Jerry
Bondwood
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