House urged to end double taxation on merger profits
George M. Morris of the American Bar Association urged the House Ways and Means Committee to eliminate double taxation on profits from corporate reorganizations. He said a Supreme Court ruling allows a tax on profits to accrue to both absorbed firms and their stockholders in mergers. The hearing opened as the administration signals removal of tax irritants. The witness contrasted the impact of such levies with fewer reorganizations and lower overall tax receipts.
MENTIONED IN THIS ARTICLE
Washington
George M. Morris
The
American Bar Association
House
Ways and Means Committee
Morris
Association
Supreme Court
Commissioner of Internal Revenue
Committee On Tax Revision
Morgenthau
Mitchell B. Carroll
New York
National Foreign Trade Council, Inc
Pittman
Senate panel to review Smoky Mountains park management
Washington May 29 The Senate Public Lands Committee approved a resolution by Senator McKellar calling for a senatorial committee to examine J Ross Eakin's management of the Great Smoky Mountains National Park. Elizabeth Rice 18 Worcester Mass won the $500 first prize in the 15th annual spelling bee after arriving on a stretcher last year and spelling canonical to defeat runner up Humphrey Cook.
MENTIONED IN THIS ARTICLE
Washington
Senate Public Lands Committee
McKellar
D-Tenn
J. Ross Eakin
Great Smoky Mountins National Park
Elizabeth Rice
Worcester
Mass
Worcester Telegram and Gazette
Humphrey Cook
Richmond News- Leader
Peddlers of Farm Produce Exempt From Local License Tax
Assistant Attorney General T Wade Bruton ruled that peddlers of fresh fruits vegetables and other farm products are not covered by the 1939 law allowing local units to tax peddlers. The interpretation says no license tax may be required for sale of farm products by the producer on his land or by his bona fide agent.
MENTIONED IN THIS ARTICLE
Raleigh
T. Wade Bruton
Senate Reconsiders Panama Canal Locks Funding
Washington May 29. After passing legislation authorizing a third set of locks for the Panama Canal costing 277000000 dollars the Senate reconsidered its action and agreed to take up the measure again on Wednesday.
MENTIONED IN THIS ARTICLE
Washington
Panama Canal
Senate
Missing Dixie Pleasure Craft Reported Absent at Sea
A 45 to 50 foot Dixie pleasure craft owned by Ruark Crab Factory at Belhaven with Greenville passengers was due in Belhaven by 8 PM yesterday and has not been reported, per a Seventh District Coast Guard call from a Greenville bank cashier.
MENTIONED IN THIS ARTICLE
Elizabeth City
Dixie
Ruark Crab Factory
Belhaven
Greenville
Seventh District Coast Guard
Nationalist Troop Pullout Promised by Week's End
Madrid reports General Franco will have all foreign troops home by week end as Italian legionnaires depart Cadiz aboard transports Toscana Piemonte Sicilia and others. About 12,000 Italians who joined the March Madrid victory march will leave Spain this week. Condor Legion of 5,000 sailed to Hamburg. Portuguese contingent about 500 gathered in Salamanca for frontier crossing. Demobilization of five 70,000-strong classes out of a 1,000,000-strong force to finish by June 7. 10,800 Falangists to parade at Medina Del Campo tomorrow.
MENTIONED IN THIS ARTICLE
Madrid
Francisco Franco
Cadiz
Italy
Toscana
Piemonte
Sicilia
Gradjaca
Franco
Medina del Campo
Atlantic Clipper Completes First Transatlantic Hop
The Atlantic Clipper arrived at Marseille at 2:17 p m local time on her first regular trans Atlantic mail flight. The flying boat landed on the Marignane River after a seven hour five minute leg from Lisbon following departure from Port Washington New York on Saturday.
MENTIONED IN THIS ARTICLE
Marseille
France
Marignane River
Lisbon
Portugal
Port Washington
N. Y
Hungary's government party assured of large majority
Preliminary returns from a two day election show the government party with 53 seats in the 260 seat lower house and Nazi Extremists with ten. The Farmers' Party has elected two candidates. The election was held yesterday and today.
MENTIONED IN THIS ARTICLE
Kupapest
Small Farmers’ Party
CCC clash probed in Monroe camp melee
Captain W H Obenhour sub district CCC inspector arrived to investigate a reported clash between Monroe CCC camp members described as Negro and a group of unidentified white youths late yesterday. Investigative details were not disclosed.
MENTIONED IN THIS ARTICLE
Monroe
W. H. Obenhour
Civilian Conservation Corps
CCC
Court Rules Death Taxes Doubly Due
The Supreme Court ruled that death taxes may be imposed on intangible property by the domicile state and other states where the property is located. In a 5 to 4 decision by Justice Stone, the cases centered on New York and Colorado and on Alabama and Tennessee. The ruling asserts dual taxation rights exist when multiple states claim jurisdiction over a taxpayer's intangibles.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Justice Stone
New York
Colorado
Alabama
Tennessee
Massachusetts
Florida
Texas
Edward H. R. Green
Hetty Green
Chamberlain's Popularity Rises Amid Peace Hopes in England
London May 29 Prime Minister Chamberlain gains public support as fear of war recedes and the mutual assistance pact with Britain France and Russia gains credibility. Skepticism remains in some circles about Soviet acceptance and U S trust with comments from Harold Laski on international doubts.
MENTIONED IN THIS ARTICLE
London
Chamberlain
Britain
Ivan Maisky
Geneva
Russia
Daily Express
Daily Herald
Harold Laski
United States
Mr. Chamberlain
Virginia police capture slaying suspect in Callands case
Sheriff Archer Overbey said Sam Swanson a Pittsylvania County Black man charged with killing Constable William N. Coward near Callands was captured at daylight at his father’s home. Swanson surrendered after urged by his father Walter Swanson.
MENTIONED IN THIS ARTICLE
Chatham
Archer Overbey
Sam Swanson
Pittsylvania County
William N. Coward
Callands
Walter Swanson
Overbey
Danville
Swanson
Coward
T. F. Webb
Contable
Webb
Russia Silent On New Three Power Mutual Aid Proposal
Moscow offered no official comment on British French and Soviet three power mutual aid proposals. Observers say Russia may delay any action while praising the League of Nations Council for not acting on Finland and Sweden fortifying the Aaland Islands in the Far East. Kremlin reply could come quickly but is not yet certain.
MENTIONED IN THIS ARTICLE
Moscow
Soviet Union
Zvestia
League of Nations Council
Finland
Sweden
Aaland Islands
Far East
Russia
Kremlin
Madden Says Labor Board To Amend Rule
Chairman J Warren Madden predicted the National Labor Relations Board would amend rules to permit employers to petition for a union election in certain cases. He told the House Labor Committee the change could come as hearings and testimony continue. He noted the Wagner Act allows petitions only by workers or their unions but argued employers might be allowed access with safeguards.
MENTIONED IN THIS ARTICLE
Washington
J. Warren Madden
National Labor Relations Board
Representative Thomas
D., Tex
Madden
House Labor Committee
Thomas
Norton
Committee to Probe Communist Influence in Navy
The House Committee on Un American Activities plans an immediate inquiry into naval officers reports that Communists and other groups have affected loyalty morality and discipline of enlisted personnel. Rep Walters says Chairman Dies will lead a thorough investigation into Navy statements about discharge for membership in groups viewed as counter to national defense. The panel also reviewed testimony on anti Semitic propaganda reaching reserve officers in the army and navy.
MENTIONED IN THIS ARTICLE
Washington
House Committee On UN
Army
Navy
Walters
Dies
House Judiciary
Alaskan Volcano Mount Veniaminof Erupts in Violent Blast
Mount Veniaminof on the Alaska peninsula erupted violently reported May 29. Earthquakes trembled at 9:15 p.m. PST as flames and ashes spurted from the volcano and ash fell 35 miles south. Residents prepared to flee if the eruption worsened while ships reported minor harbor movement but no major damage.
MENTIONED IN THIS ARTICLE
Alaska
Mount Veniaminof
Here
Alaska Peninsula
Leadbetter
Cedar
Government Weather Bureau
Juneau
Hermes
City Witnesses Describe Pee Dee River Flows For Dam Case
Guilford Superior Court heard three residents testify for High Point in a $6.5 million hydro electric project on the Yadkin at Styer's Dam. They described river rise and fall due to upstream reservoir impoundment and power generation, arguing the dam aids navigation and is properly licensed by the Federal Power Commission.
MENTIONED IN THIS ARTICLE
Reensboro
Pee Dee
North Carolina
Yadkin River
Guilford Superior Court
SE A
City of
Pee Dee River
Federal Power Commission
D. L. Johnson
Old Sneedshoro
Johnson
Blewitt’s
James A. Chapman
W. C. Baker
Johnsonville
Cheraw
Presbyterians Launch Denomination Wide Evangelization Drive
At Montreat on May 29 the General Assembly approved a plan to counter a four year decline in conversions and Sunday School pupils by a nationwide evangelization program. Dr D W Richardson led the committee report noting evangelistic preaching had nearly disappeared and a new 17 member evangelism committee was proposed. Donations totaling about 10494 were pledged with initial requests for 10000. The effort began with layman T M Glasgow and local pledges from Mecklenburg and Memphis presbyteries. Negro ministers of Snedecor Memorial Synod led devotional singing of Steal Away.
MENTIONED IN THIS ARTICLE
Dr. Richardson
A. D. Mason
Memphis
T.M. Glasgow
Charlotte
Mecklenburg
Express derails north of Singapore. engineer killed
An express train derailed 150 miles north of Singapore today. The engineer was killed and about 300 passengers were injured in the accident, according to reports from the scene.
MENTIONED IN THIS ARTICLE
Singapore
Vandenberg Keeps Door Open to GOP Nomination in 1940
Senator Arthur H. Vandenberg of Michigan said he would seek re-election in 1940 but could take on broader duties if required. He urged the Republican convention to set clear principles and to nominate a pre-pledged one term president focused on saving America and ensuring prosperity under constitutional democracy.
MENTIONED IN THIS ARTICLE
Washington
Arthur H. Vandenberg
Mich
Senate
Vandenberg
Michigan
Senaor
Michigan Republican
America
United States Senate
Baby Clipper sighted off English coast during Atlantic attempt
Reports say a 670 pound one engine plane believed to be Thomas H. Smiths Baby Clipper was seen above Saint Bees Cumberland County Northern England circling a Coast Guard station and heading south along the coast after a dawn takeoff from Old Orchard Beach Maine Smith hoped to cross the Atlantic without radio and drop messages by canvas bags to ships in the sea
MENTIONED IN THIS ARTICLE
London
The
British Press Association
Thomas H. Smith
Saint Bees
Cumberland County
England
Coast Guard
Scotland
Smith
Atlantic
Londonderry
Amelia Earhart
Harbor Grace
Newfoundion
Old Orchard Beach
Irish
Los Angeles
Aeronca
Slyne Head
Ireland
Newfoundland
Saint John
N. B
Ocean Resort
Harvey Smith
Clarksburg
Bergdoll Proclaims Love for United States from Prison
Grover Cleveland Bergdoll, once a World War draft dodger, declares devotion to the United States and hopes to prove he can be a worthwhile citizen. He surrendered after 19 years abroad, asks to be treated fairly, and says his return was to face a five year sentence for his draft absence.
MENTIONED IN THIS ARTICLE
New York
Grover Cleveland Bergdoll
United States
Bergdoll
Germany
Governor’s Island
Harry Weinberger
Beredell
Europe
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Robert Galligan
Galligan
Munich
Palestine
Laski
Virginia
Labor Board
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House Ways and Means Committee
the Treasury
Henry Morgenthau, Jr
John W. Hanes
GOP
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Thomas Smith
U. S