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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 29, 1940
Page
2
Washington lawmakers outline funding for defense through annual taxes totaling about 683 million dollars plus a 3 billion dollar debt increase for five year defense expenditures. Proposals include a flat 10 percent income tax rise and higher levies on gasoline beer liquor cigarettes tires and more, effective July 1.
The House military affairs committee voted 12 to 10 to table all TVA tax replacement legislation. Senator McKellar urged attaching the Norris Sparkman bill as a rider to a relief appropriations measure. The Norris Sparkman bill would let TVA use 10 percent of power revenues next year, tapering to 5 percent by 1948, to reimburse states for tax losses from TVA acquisitions. The Senate has passed the Norris Sparkman bill.
U S stock and bond markets advanced modestly in a cautious session before Memorial Day, led by war-related shares such as Youngstown Sheet, General Motors, Chrysler, U S Rubber, Caterpillar and Du Pont. Cotton rose late while Chicago grain prices ranged with mixed results across wheat corn oats and soybeans.
May 20 reports steady stocks with war baby interest, improved bonds, and firm cotton with Wall Street support. May 29 New York cotton futures close 2-4 higher with July near 9.79 and October around 8.82, while New Orleans trading shows 1-2 point gains on most contracts.
Prime cottonseed meal futures 41 per cent closed steady in Memphis on May 29 with July contract at 23.85.
Germans bombed pockets of Allied positions as retaliation. Allies missile strikes targeted Bremen and Hamburg fuel depots. Two main Allied offensives formed: near the Somme and along the Aisne with 30 divisions and up to 600000 men. Leopold III surrendered his army and Italy edged toward war as civilians filled military roles.
A 16 year old girl Joan Aveline Lawrence sued the Alhambra Board of Education for 10000 claiming modesty rights in a group gym shower. Superior Judge Roy V Rhodes ruled that gym shower and dressing rooms meet national privacy standards and upheld the expulsion from Mark Keppel High School.
The encircled army fights to hold its line while trying to withdraw troops and war materials to the coast. Bombing from air and ground troops creates a blazing hell, with a likely massive sea evacuation and a perilous channel battle to England. A French breakthrough from the south could ease pressure but remains doubtful. A miracle seems the only hope for the trapped troops.
The article notes a two step defense financing plan including boosting the national debt limit from 45 to 48 billion dollars to fund 3 billion in national defense obligations repayable over five years. It also discusses proposed five year taxes aimed at liquidating the loan with initial ideas of 10 percent gains in income and excise taxes and possible higher levies on liquor cigarettes and gasoline. A national defense commission of seven was named by President Roosevelt to oversee defense orders with members from industry labor government and consumer groups.
The syndicated word puzzle lists clues for across and down entries. It covers varying topics from body parts to constellations adrift across realms of grammar and geography, inviting solvers to complete the grid.
An indictment in general sessions court charges George Scalise former president of the Building Service Employees International Union with larceny forgery and related offenses. The probe alleges he obtained union funds by fraud using seven dummy payees including Isidore Schwartz New York City representative who was indicted for extortion last month. The extortion case accuses scalise and Schwartz of taking 97160 from New York hotel owners and building cleaning operators.
Senator Hill of Alabama announced the War Department emergency program will greatly boost activities at the Mobile Alabama southeast army air depot. He noted the facility is under construction and could gain new importance far beyond its initial scope. The department also studies using Fort Morgan for defense needs and possible target practice base.
Prime Minister Churchill and the minister of information call on the public to suspend judgment as Admiral of the Fleet Sir Roger Keyes, a British liaison with Leopold until late Monday night, issues a statement suggesting there are important facts about the surrender not yet widely known.
Decatur diary notes a Riverside Auditorium program with an old time minstrel crowd and a three week finish for a new First Baptist pastorium. The column lists residents from Decatur to Nashville and Birmingham visiting, attending church events, and local business calls.
The 1921 Albany High School alumni will gather Sunday at the Tri nity mountain home of Mr. and Mrs. Wallace Meadows. Of 30 graduates, 29 survive, with many living in distant states. a large turnout is expected.
Governor Frank M. Dixon urged a ten year balanced prosperity program for the South at an Alabama committee meeting. He called for balancing cash crops with food crops and livestock, new land and labor uses, and local industry to curb outside discrimination and raise regional incomes. Dr. Clarence Poe linked national and Alabama income gaps, urging unity to end poor outcomes.
Readable fragments name Geannie Chenault Mrs Willard J Brown Decatur Miss Yate Frazier Mrs H H Mizdon Decatur Miss Mary Gargus Wallace Meadows Decatur Miss Grace Poole Mrs Vernon Thomas Pickwick Tenn Miss Ruth Poole Mrs R G Smith route 2 Florence Warren Batten Monroe Louisiana R Elton Johnson LeGrange Ga and missionary to Brazil Leonard Evans Birmingham Robert and Ros Garrison Decatur Francis Tarpey Hiwassee Dam North Carolina Earl Pettey Guilford NC
Thomas E Dewey criticized the Roosevelt administration for what he called a bland plan to turn defense spending over to incompetents claiming six and a quarter billion has been spent with insufficient defense. He warned the nation faces economic anemia and a weakened industry after seven years of Roosevelt leadership and alleged communist influence in the administration.
Delegates at large to the Democratic national convention were chosen. A number of candidates were returned to office without opposition. On Wednesday 479 absentee ballot requests had been received and 194 had voted. The deadline to request ballots ends at midnight tonight. Five days before the first primary 260 absentee ballots had been tallied. S. Thomas, chairman of the Morgan County Democratic executive committee, said all candidates must file expense accounts by tomorrow night.
The German submarine offensive against Allied shipping reopened with two ships attacked five miles from Salvora Island off Spain. The French merchantman Marie Jose of about 5,000 tons was torpedoed and sunk, while the British tanker Telena of 7,000 tons was shelled but remained afloat and to be towed into Vigo.
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