Morgenthau Seeks Broad Revision of Income Tax Laws
Acting Secretary Morgenthau urged a wide overhaul of U S income tax laws to the House Ways and Means Committee, withholding rate specifics pending budget completion. He backed lower taxes on income and investments, joint returns for husbands and wives, and tighter treatment of capital losses, while supporting consolidated corporate returns and reforming partnership provisions. He cautioned against loopholes and opposed eliminating credits for foreign taxes.
MENTIONED IN THIS ARTICLE
Washington
Mary
House
Ways and Means
Morgenthau
Treasury
United States
White House
Margenthyn
Charles B. Mitchell
New York
van Oof
Thy Die
Margenthau
Maorgeiliau
Ideal Tax Plan Outlined Before Treasury Now
Albany dispatch reports Tax Commissioner Mark Graves, longtime adviser to governors and friends with President Roosevelt, proposes a national two percent federal sales tax while preserving state taxes. He argues major taxes can be simplified and unified nationally, with minor taxes remaining at state and local levels. Graves cites prior work helping New Jersey California and Illinois overhaul tax systems as evidence.
MENTIONED IN THIS ARTICLE
Albany
Mark Graves
Maine
California
Associated Press Today
United States Treasury
Graves
New York State Tax Commission
Roosevelt
New Jersey
Tllinois
Close
Train Bus Crash Kills Ten in Crescent City Florida
Coroners inquest began into a Crescent City Florida crash that killed ten children aged 11 to 17 and injured about 30. Bus driver B R Niles, 65, swerved to avoid a freight train and wished to die after learning the extent of the tragedy. Engineer R A Mowell said he did not see the bus until within ten feet. The widow Bennie Stith lost four of seven children. The train returned to Sanford after the accident.
MENTIONED IN THIS ARTICLE
Crescent City
Fla
Palatka
B. R. Niles
Niles
Bennie Stith
R. A. Mowell
Howell
Jacksonville
Sanford
Time extension granted for Insull stay in Greece
Athens Greece Dec 15 The Greek government granted Samuel Insull an extension to January 31 to remain in the country His previous permit expires December 31 He was previously ordered to leave January 1 and was informed his passport would be invalid for travel fallen Greece He would travel on temporary papers and the US legation said no passport reinstatement was planned He faces embezzlement charges in Chicago and was indicted in Paris
MENTIONED IN THIS ARTICLE
Athens
Greece
Samuel Insall
Insull
Ynsull
United States
Vestordus
Paris
Conferees Study Moves For Peace At Pan American Meet
Montevideo December 15 Twenty one American republics were to be asked to sign existing conciliation and arbitration treaties to complete peace machinery. Carlos Saavedra Lamas urged ratification of the Briand Kellogg pact and related accords as a path to handle disputes without new pacts. Cordell Hull and other leaders acknowledged the obstacles ahead.
MENTIONED IN THIS ARTICLE
Associated Press
Montevideo
Carlos Saavedra Lamas
Sentinto
Washington
Reed criticizes Roosevelt plan in Memphis interview
Ex senator James A Reed and his wife Nell Donnelly arrived in Memphis amid a honeymoon, and Reed blasted the Roosevelt program. He warned of rising national debt and warned that a few executives run policy, urging caution on inflation and reform. Reed noted he had not retired from politics and commented on the nation’s economic path.
MENTIONED IN THIS ARTICLE
Memphis
James A. Reed
Nell Quinlan Donnelly
Missouri
Donnelly
Kansas City
Rued
Reed
Weather snapshot from Tennessee and Virginia reports
Cloudy conditions likely with rain late tonight and Saturday. Tennessee temperatures rise in warmer mountains and fall in central regions with slight Saturday cooling. Virginia expected rain tonight and Saturday with a gradual temperature increase. Readings note yesterday's high and low, with 24 hour precipitation tallies at 6 PM.
MENTIONED IN THIS ARTICLE
Tennessee
Virginia
Cold abates on two continents AP report
A cold wave easing after a major storm cut deaths in Europe with 33 in England and 11 in France while Germany faced deep freezes. In the U S warmer weather was forecast for the east and parts of the Midwest as fresh cold snaps hit other areas. Storm hazards included sleet in Chicago and heavy snow in North Dakota and Minnesota. Five children were injured when a school bus crashed in Sterling North Carolina amid the weather.
MENTIONED IN THIS ARTICLE
Associated Press
Europe
United States
East
Middle West
English Channel
England
France
Germany
Berlin
Silesia
Prussia
Ohio Valley
Chicago
Mid- West
North
Dakota
Minnesota
Sterling
N. C
Lake Michigan
High Sierra
California
Washington
Texas
Oklahoma
Oklahoma City
Dillinger Gunman Kills Chicago Officer in Garage Ambush
In Chicago on December 15 the Dillinger gang is linked to the killing of Detective Shanley as officers chase a gunman in a North Side garage. A woman companion identified only as Joan Smith was taken into custody but refused to name the shooter. Police consider John Hamilton or Harry Pierpont as possible assailants. the case remains under intensive pursuit.
MENTIONED IN THIS ARTICLE
Chicago
John Dillinger
Indiana
Detecti Shanley
Iven
North Side
Bruisi
Joan Smith
Elaine de Kant Dent
John Hamilton
Michigan City
Ind
Shanley
Dillinger
Harry Pierpont
Terre Haute
Frank Hopkins
Wim
Ormore
Dillinger Gang
Broadway
Tennessee CWA Employment Continued Promised
Nashville December 15 AP Continuation of CWA jobs for about 50,250 Tennesseans is promised by W O Tivill chair man of the state board. Plans cover laborers only while technical and professional staff may be ineligible. Wyatt says about 16,000 will work on projects outside the state CWA board and TVA programs. Projects listed include malaria control health sanitation and farm housing surveys with hundreds of positions.
MENTIONED IN THIS ARTICLE
Nashville
W.O. Tivill
Toennessee
Charles T. Wyatt
CWA
TVA
Mr. Wyatt
Lincoln County
State Agricultural Experiment Station
Lewisburg
Paga
Finland Alone Pays Full War Debt in December Payment
Washington AP reports Finland was the only nation to pay an entire installment of war debt due today, totaling 98,998,123. Eleven European nations shared 132,953,637 due, with five paying nothing and five paying tokens. Defaults raise total overdue to over 301 million.
MENTIONED IN THIS ARTICLE
Washington
United States
Finland
France
Poland
Belgium
Estonia
Hungary
Italy
Czechoslovakia
Lithuania
Latvia
Congress
Weir Defies NRA Edict In Weirton Steel union vote
At Weirton and Clarksburg mills and Steubenville Works workers vote on the Blue Eagle recovery act. Ernest T. Weir defies NRA order while Hugh S. Johnson warns of legal action as the stakes rise in a pivotal collective bargaining ballot. President Roosevelt is briefed on the evolving dispute.
MENTIONED IN THIS ARTICLE
Pittsburgh
Weirton Steel Company
Bagan
Weirton
Clarksburg
W. Va
Mills
Steubenville
Ernest T. Weir
Steel Company
Hugh S. Johnson
National Recovery Administrator
Johnson
Weir
NRA
Washington
Roosevelt
Sfusal
National Labor Board
Taylor Delivery Plot Involving Prison Convicts Revealed
Nashville dispatch reports district attorney general J. Carlton Loser disclosed a plan to release five penitentiary inmates led by Lonnie Taylor known as Knoxville desperado. The scheme involved T. B. Burris escaping from Georgia officers and contacting Taylor’s friends to effect the delivery. A letter intercepted by prison officials suggested an escape en route to Milledgeville. The court was adjourned until the afternoon.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
Lonnie Taylor
Knoxville
Desperado
J. Carlton Loser
Loser
T. B. B. Burris
Georgia
Atlanta
Taylor
A. W. Neely
State Penitentiary
Barrus
Milledgeville
Chester K. Hart
White House vows continued gold purchases amid crisis
President Roosevelt announced ongoing gold purchases as part of a broad financing plan. Morgenthau reported the treasury would raise over a billion dollars through security sales and taxes, with RFC gold price kept at 24.01 an ounce. Officials warned that stabilization forecasts could be worse than a bad guess and ruled out talks of returning to the gold standard.
MENTIONED IN THIS ARTICLE
Washington
Des
Roosevelt
White House
Morgenthau
Treasury
Harrison
Early
United States
France
England
Dasiever Warned Before His Death
Pasadena police and district attorneys pursue a mysterious woman seen minutes before Dr Leonard Siever was slain in the rain in front of the Scottish Rite Cathedral. Investigators believe she may know the killer, as Siever reported fear days earlier and officers probe jealousy and Siever’s associations with numerous young women as they review office records.
MENTIONED IN THIS ARTICLE
Pasadena
Calif
Scottish Rite
Leonard Siever
Brewer
Hathway
Inflation Not A Cure All In Farm Relief Report
A. reiterated that currency inflation is not a cure for farmers troubles and inflation would raise price levels but not end the gap between agricultural and non agricultural prices. Wallace urged regulation of grain exchanges and separation of savings from banks to strengthen farm relief and warned against commodity market speculation. He described the emergency program as temporary and urged gradual farm plant reductions while noting high farm mortgage indebtedness and projected 1933 farm income.
MENTIONED IN THIS ARTICLE
Washington
Dov
Wallace
Roosvelt
Boston Belt
Sony
Furm Credit Administration
North Carolina tobacco markets close for Christmas holidays
Markets in the middle and eastern belts of North Carolina shut for Christmas today. More than 30 tobacco markets suspend operations in Raleigh and surrounding areas until January 9 under an old holiday custom.
MENTIONED IN THIS ARTICLE
Raleigh
N. C
North Carolina
Also Mentioned on This Page
Florida
U.S
Americas
America
U. S
Minsraa
Dasiever
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