Varying Tax Rates Proposed for Partnerships
Treasury tax expert Roswell Magill told the House Ways and Means Committee that it would be practicable to tax large partnerships differently from small ones to curb tax avoidance. He noted the treasury opposes abolishing the partnership loss deduction but will offer revisions later. Magill cited potential unfairness in letting Morgan-like firms offset losses against individual incomes while maintaining consistency in partnership income treatment.
MENTIONED IN THIS ARTICLE
Washington
Roswell Magill
Treasury
House
Ways ‘and Means
House of Morgan
Ways and Means
Knutson
R-Minn
J. P. Morgan
Magill
New York
Morgan
Cor- Representative Hill
D-Wash
Robbers Steal 82800 From Butler Brothers in Chicago
Seven masked robbers terrorized 150 employees at the Butler Brothers store in the Loop Chicago taking 82800 in cash. Six attackers used shotguns and the seventh wielded a machine gun in the heist reported today.
MENTIONED IN THIS ARTICLE
Chicago
Butler Brothers
Loop
Gamage Talks with UNC Officials Over Athletic Plans
Harry Gamage former Kentucky coach met in Chapel Hill with Dr. A W Hobbs UNC athletic council chair regarding UNC athletic situation but Hobbs said no application for a UNC position had been filed.
MENTIONED IN THIS ARTICLE
Chapel Hill
Harry Gamage
Kentucky
A. W. Hobbs
University of North Carolina Athletic Council
Dean Hobbs
Swift & Co reports year net income of 5.88 million
Swift & Co and wholly owned subsidiaries announce fiscal year results ending October 28 with net income of 5,882,582 equal to 1 a share, reversing a prior year loss of 5,337,789. Income includes a 4,267,000 reserve for inventory price declines.
MENTIONED IN THIS ARTICLE
New York
Swift & Co
Price sworn in as marshal for Western North Carolina
Charles R. Price of Charlotte was sworn in today by Federal Judge FE Yates Webb as marshal for the western district of North Carolina confirming a key appointment in the region.
Wrights Will Be Honored Sunday Anniversary Flight Tribute
Manteo on December 16 marks the 30th anniversary of the Wright brothers first heavier-than-air flight. Alpheus W. Drinkwater leads the Kill Devil Hill Memorial Association and Lieut. Commander Hawks plans to fly over Kitty Hawk with two wreaths for the Wrights while Charles A. Lindbergh may circle Wright Memorial.
MENTIONED IN THIS ARTICLE
Manteo
Barrier Island
Wright Brothers
Wilbur
Orville
Dayton, Co
Alpheus W. Drinkwater
Kill Devil Hill
Seaboard Asks Authority for New Daily Trains in NC
The North Carolina State Corporation Commission said it granted permission to Seaboard Air Line to operate two new daily trains, one each direction, between Lumberton and Charlotte and Norlina and Norfolk. This marks the first regular daily passenger service authorized in years. Schedules were not available and the trains are expected to start next week.
MENTIONED IN THIS ARTICLE
Raleigh
State Corporation Commission
North Carolina
Seaboard Air Line Railway
Lumberton
Charlotte
Norlina
Norfolk
R. O. Self
Lindberghs End Aerial Odyssey In Miami Home Return
Charles A. Lindbergh and wife Mrs. Lindbergh land in Miami at 1 06 p m EST to complete a five month aerial odyssey. The hydroplane covered 900 miles from San Pedro Dominican Republic in six hours and 43 minutes as crowds cheered and customs formalities began aboard a barge. The voyage began with an exploratory North Atlantic island survey in July as the pair considered a possible transatlantic airline route.
MENTIONED IN THIS ARTICLE
Miami
Flia
Lindbergh
International Airplane Base
San Pedro
Dominican Republic
Lindberghs
Customs and Immigration
Flying Lindberghs
North Atlantic Islands
North Atlantic
Doughton Sees Accord in Tax Bill Likely
Washington dispatch reports Chairman Doughton of the house ways and means committee predicting a general revenue bill could be drawn to satisfy both legislative and executive branches. He said treasury counter proposals are not a bar to an agreement and noted partnership tax rules may be addressed to prevent evasion schemes like those linked to J. P. Morgan and Charles E. Mitchell.
MENTIONED IN THIS ARTICLE
Washington
Doughton
House
Ways and Means
Treasury
Morgenthau
Coughton
Charles E. Mitchell
National City Bank
J. P. Morgan
Forty More CWA Projects Approved in North Carolina
Raleigh announces Mrs. Thomas O Berry state civil works administrator approved about 40 more CWA projects across the state. They are expected to provide 838 jobs with payrolls of 96 680 and project costs totaling 151 789 dollars. With a state CWA job quota of 90 000, jobs created reach 78 601 so far.
MENTIONED IN THIS ARTICLE
Raleigh
Thomas O'Berry
Civil Words
Bank seeks $50,000 from Atlantic Greyhound and driver in chief’s death
Pi-Wachovia Bank & Trust company as executor seeks damages to recover 50000 from Atlantic Greyhound lines and Bernie W. Phillips driver of a Greyhound bus that struck Fire Chief Harry E. Nissen's car and killed him in Winston-Salem on December 16.
MENTIONED IN THIS ARTICLE
Winston-Salem
Pi—Wachovia Bank & Trust Company
Atlantic Greyhound Lines
Bernie W. Phillips
Greyhound
Harry E. Nissen
Ellen T Marshall Schooner Burns Off Seal Island
Seventeen sailors from the Ellen T Marshall were rescued after the schooner burned near Seal Island 18 miles west of Cape Sable Nova Scotia. Two were drowned and seven missing as eight survived in lifeboats and on Seal Island. The Danish ship Lars Kruse aided eight survivors, while the Arras and local fishermen assisted in the search. Captain Albert Hines of Gloucester, Mass., commanded the vessel.
MENTIONED IN THIS ARTICLE
Halifax
Ellen T. Marshall
Seal Island
Cape Sable
Pease’s Island
Lars Kruse
Arras
Shelburne
N. S
Marshall
Seal Islands
Gloucester
Mass
Albert Hines
France and Poland unite against League reforms and arms talks
Paris reports French cabinet to present a united front with Poland and the Little Entente against Mussolini's League of Nations reform plan and Hitler's demand for German armament parity. Boncour to Warsaw to reinforce Franco Polish ties as Lebrun backs the alliance.
MENTIONED IN THIS ARTICLE
Paris
Poland
Mussolini
League of Nations
Hitler
Pervoce
Eduard Béneskian
Joseph Paul Boncour
Warsaw
France
Lebrun
Eduard Benes
Elysee
Camille Chautemps
M. Paul-Boncour
Dr. Benes
United Front
Czechoslovakia
Yugoslavia
Rumania
Berlin
Geneva
Paul Boncour
League
Germany
Government planning to extend code by James Cope
Washington dispatch explains the NRA blue eagle will stay up beyond December 31 while a plan to extend the re employment agreement for non coded trades is studied. Officials cite recent enforcement cases and propose continuance through regulation or new signed pledges, with renewed eagle displays for compliant employers.
MENTIONED IN THIS ARTICLE
James Cope
Associated Washington
NRA
Blue Eagle
Lions of
Bic
Chisler
Governor reports NC property taxes down in past year
Governor Ehringhaus announced a total property tax reduction of 11.476 million dollars for North Carolina in the past year, with a net administration decrease of about 6.323 million. Sales tax collections for July to September will total just over 5 million as part of the land tax relief.
MENTIONED IN THIS ARTICLE
Paul Barkley
Associated Press
Raleigh
Ehringhaus
Tragedy Strikes as Road Crew Killed in Cherokee Landslide
Three road workers die in a landslide near Cherokee while the Carolina Special on the Southern Railway wrecks near Hot Springs. The engineer is killed and several others are injured. Herbert Luttlerloh, former Fayetteville recorder, dies in a separate automobile wreck.
MENTIONED IN THIS ARTICLE
Cherokee
Carolina Special
Southern Railway
Hot Springs
Herbert Luttlerloh
Fayetteville
Federal Prohibition Ruling Updates Brummitt’s Position
Attorney General Dennis G. Brummitt ruled there was no basis for continuing certain enforcement actions in light of federal prohibition repeal. The statement outlines the administration’s stance on forthcoming changes and sets expectations for state compliance and legal adjustments.
MENTIONED IN THIS ARTICLE
Dennis G. Brummitt
Applicants file for first bar exam in Raleigh
A total of 77 applicants have filed notice to take the first law examination to be given by the state bar board of examiners in Raleigh on January 29.
MENTIONED IN THIS ARTICLE
Raleigh, Dee
State Bar’s Board of Examiners
Astor to wed New York society girl Gillespie
John Jacob Astor the sixth of that name is engaged to marry Miss Eileen Gillespie, a member of a long-established New York family. The Gillespie engagement was announced by her parents in New York and Newport. No wedding date was given. Astor inherited a $3 million trust last August at age 21. his father died in the Titanic disaster and his mother is Madeline Astor Dick, now wife of Enzo Fiermonte.
MENTIONED IN THIS ARTICLE
New York
John Jacob Astor
Astor
Eileen S. S. Gillespie
Miss Gillespie
Lawrence L. Gillespie
Newport
Madeline Astor Dick
Enzo Fiermonte
Dollar policy and market reaction from Beverly Hills commentary
A Beverly Hills dispatch notes the boss will not stabilize the dollar and argues financiers resist. after initial sulking they may rejoin the herd, allowing others to push their own monetary aims while the public eye remains fixed on policy direction.
MENTIONED IN THIS ARTICLE
Beverly Hills
Cal
New Crime Ring Ties Dillinger Fugitives to Midwest
Chicago police linked John Hamilton to a growing Midwest crime ring blamed for a fatal shooting of Detective Sergeant William Shanley and a daylight bank vault raid at Unity Trust. Investigators tie Hamilton to Dillinger and Touhy affiliates, with others like Tommy Touhy and Ice Wagon Connors identified as partially connected. Indiana authorities caution against declaring a formal merge, noting evolving gang alliances and regional implications.
MENTIONED IN THIS ARTICLE
John Hamilton
Touhys
Dillingers
Hamilton
William Shanley
Joseph Kinch
Unity Trust and Savings Bank
John Dillinger
Indiana State Penitentiary
Lima
Hoosier
Michigan City
Dillinger
Tommy Touhy
Basil Hugh Banghart
Charles
Ice Wagon) Connors
Frank
Porky) Dillon
Indianapolis
Matt Leach
Indiana
Chicago
Touhy
Bank
New
Crime Alliance
Tha Sosy Mob
Imo
Iares
Lancs
Also Mentioned on This Page
Subcommittee
Gamage
Price Sworn
Wrights
Hawks
Kitty Hawk
Orville Wright
Wilbur Wright
Seaboard
Col. Lindbergh
Homeland Soil
CWA
Herod
Bethlehem
Touhy Gang
John
Jake the Barber
Gloomy
Gus Schafer
Albert Kator
Kator
St. Paul
Vance
Chambers
N.Y
Ellen T. Marshall Burns
Dores
Robert W. Chambers
Doctors Hospital
Louis Joseph Vance
East Side
Mr. Chambers
Broadalbin
N. Y
Walter B. Chambers
Robert Edward Stuart Chambers
Brooklyn
Julien Academy
L’ecole Des Beaux Arts
United States
Life
Vogue
N. C
Edward W. Poll
National House of
Exhibition Hall
Department of Conservation and Development
J. Clyde Ray
Hillsboro
Congress
Ed G. McLard
Gastonia Building and Loan
John Jacob Astor VI
Will
Mid -West
Middlewest
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