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Newspaper
Grafton Sentinel
Location
Grafton, West Virginia, United States of America
Date
Dec 04, 1930
Page
8
George Mouser and family express gratitude to minds neighbors and lodges including WO W Red Men Odd Fellows Circle Degree of Pocah Has Junior Order and Reachbe for their support and for providing use of ears for the funeral and to Rev Jones for officiating.
President Hoover sent to the Senate a batch of over 200 nominations including William N. Doak of Virginia for secretary of labor J Reuben Clark of Utah as ambassador to Mexico Hoffman Philip of New York to Norway Nicholas Roosevelt of New York to Hungary and J Butler Wright of Wyoming to Uruguay Other nominations covered posts such as United States marshal for the southern district of Ohio Eugene Meyer for the federal reserve board Samuel E B Winslow for the board of mediation and others to tariff commission and narcotics commissioner roles Charles E Mitchell was nominated to Liberia as minister resident and consul general as part of the same slate.
Secretary Mellon proposed legislation to allow Treasury refunding of up to eight billion dollars in new bonds to retire older debt at lower rates. He urged income tax exemption for gains from federal securities and predicted possible cash or securities payments on foreign debt interests. He warned a deficit could miss the 1919 record, with 1932 forecasted surplus of 30.6 million and higher future tax and customs receipts signaling improved business.
The secretary said 243 would be collected by government this year, and the $409 million cut from the prior year's estimate stemmed from the 60 percent income tax reduction and uncertain business conditions. He noted reduced corporation and individual incomes, lower customs receipts, and the impact on foreign trade, with a plan for an educational campaign by the Federal Council of Churches to promote prohibition.
Government reports indicate $2,000,000 proposed rise for the Prohibition Bureau within the treasury supply bill awaiting House action. Militant chairman Linthicum of Maryland signaled he will press the item, forecasting a sharp battle over the increase.
The article discusses options to cut production as the only logical remedy for surplus. Secretary Hyde notes cotton market signals require adjusting output to demand. Farmers should focus on supply side measures to balance crops with market needs and prevent ruin from overproduction.
A vignette of pioneer life around campfires after long days of trekking westward. Joy and relief mix with memories of danger and hardship as they mark another milepost on the journey to a new homeland.
The article argues farm productivity has risen over 19 years but benefits stay with consumers. It notes farming industrialization and mechanization, higher output with unclear profit or security, and warns that output growth can depress prices. Hyde proposes flexible wheat acreage reduction, targeting high cost acres with little profit unless prices rise.
The all electric oil electric locomotive from Westinghouse, trialed on the Parkersburg Grafton line, is now running Clarksburg Weston Richwood on the Richwood branch. Officials expect 800 horsepower engines soon. the smokeless, dirtless ride aids fire risk in timbered districts and may improve schedules on steep grades. The gasoline electric predecessor returns to service between Grafton Belington Elkins, resuming 6:30 pm departures after repairs.
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