Roosevelt presses plan to pass wealth tax this session
President Roosevelt urged enactment of a new wealth tax during the current session though not necessarily tied to the emergency nuisance tax bill. House Democrats push a new tax bill and seek to originate legislation in the Senate Finance Committee, while Senate delays hinder quick action. The push includes extending nuisance taxes 30 to 90 days to allow Senate review, with leaders warning of a months-long battle if a new bill must be built from scratch.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
House Ways and Means
Senate
Doughton
Harrison
Senate Finance Committee
Ways and Means Committee
Oready
Treasury
Legislative Drafting
Burns
Ways and Means
New Deal
Weather Outlook: Cloudy Cooler Across States
Cloudy and cooler conditions sweep Tennessee Virginia and surrounding regions with varied thunder showers. Thursday brings local thundershowers in western and northern pockets while temperatures edge slightly warmer or cooler by area. North Carolina and Kentucky expect fair to partly cloudy skies with localized showers and cooler spells late in the day or night.
MENTIONED IN THIS ARTICLE
Tennessee
West
Virginia
West and Forth
North Carolina
West Aind North
Kentucky
Sabath Reports Huge Real Estate Racket Evidence
Representative Adolph Sabath of Illinois says a vast real estate bond racket far surpasses bootlegging and the Wall Street crash in losses to investors. As chairman of the special house committee on real estate reorganizations he will submit startling evidence to the Department of Justice for prosecution.
MENTIONED IN THIS ARTICLE
Wall Street
Adolph Sabath
Illinois
Special House
Sabath
Department of Justice
Corporate Profit Slips Less Than Labor Says NRA Report
An NRA report prepared by Leon Henderson’s economic section finds profits and dividends suffered less from the depression than labor. It notes three main points: corporate security holders profited in the twenties and fared best in the thirties, payrolls rose but haven’t matched prewar dividend and officer compensation levels, and profits, though below 1926, rebounded more in 1934 than payrolls.
MENTIONED IN THIS ARTICLE
J. R. Brackett
Associated Press
Washington
NRA
Leon Henderson
WRA
900 Planes to be ordered by Gov't
The United States plans to spend 807 million on its army navy and marine corps for the coming year. President Roosevelt signed a navy bill of 466 million. The program includes 24 warships 555 navy planes 408 army planes and 57 000 new personnel across services with enhancements to Annapolis and West Point.
MENTIONED IN THIS ARTICLE
Washington
United States
Army
Navy
Marine Corps
Roosevelt
Apnapolis
West Point
Mrs Waley Ready to Take Witness Chair in Kidnapping Case
Olympia June 26 Mrs Margaret Thulin Waley who sought pleas in the George Weyerhaeuser kidnapping case said by her attorney to be eager to testify in her defense when called July 5 The attorney John Dore released her account claiming she never saw the nine year old victim while he was held for 200000 ransom by her husband Hermon M Waley and William Dainard alias Mahan Waley is serving a 45 year term at McNeil Island prison Mahan is at large The first suspicion of the kidnapping arose May 26 in Ellensburg and Dore quoted Waley saying she and Mahan drove near Black Diamond then Mahan went into the woods and her husband forced her to lie on the car floor
MENTIONED IN THIS ARTICLE
Olympia
Wash
Margaret Thulin Waley
George Weyerhaeuser
John ¥. Dore
Hermon M. Waley
William Dainard
Mahan
Waley
McNeil Island
Harmon
Ellensburg
Dore
George
Average Citizen Pays Direct Tax in 1935 Five Months
Curtis B. Hay reports state direct taxes for Jan 1 to Jun 1 across 29 states. The average citizen paid about $6.45 in five months, or 4.27 cents per day, plus car related taxes. Car owners paid $298.5 million, 38 percent of all state tax collections. Colorado led with 13.1 cents daily. New Hampshire lowest at 1.3 cents. Continued on page eight.
MENTIONED IN THIS ARTICLE
Curtis BR. Hay
Associated Press
Chicago
Colorado
New Hampshire
Florida
British reaction to Roosevelt tax plan in England
London readers weigh President Roosevelt's proposed higher inheritance taxes as economists in Britain note long experience with death duties. A parliamentary study says escalating generations would be needed to shrink a £310,000 estate to £1,000,000, and that the tax often spurred avoidance through gifts and syndication, with inheritance taxes generally less of a deterrent than income taxes.
MENTIONED IN THIS ARTICLE
London
Roosevelt
England
Parliamentary Committee On
National Debt and Taxation
Freeing Baby Welfare Workers Sparks Hudson Abduction Case
Seek to free baby welfare workers of Muskogee Okla have moved to remove 16 month old Dell Hudson from city federal jail where he has been held with his parents since June 14. Dell and his parents Mr and Mrs R Dell Hudson face kidnapping indictments under the Lindbergh law after arrest near Fayetteville Ark for abducting 18 year old Lois Eden of McAlester Okla. Mrs Hudson is shown aiding the baby.
MENTIONED IN THIS ARTICLE
Welfare Workers
Muskogee
Okla
Dell Hudson
R. Dell Hudson
Hudsons
Fayetteville
Ark
Lois Eden
McAlester
Oklo
Hudson
Haling
Japanese Frontier Patrol Engages Chinese Force
Reports from Hsinking say a Japanese frontier patrol of 80 men clashed with a Chinese force of about 700 along the Jehol Chahar frontier. Dispatches describe a sharp engagement as part of ongoing Manchoukuo war coverage.
MENTIONED IN THIS ARTICLE
Associated Press
Tokyo
Sanguinary
Jehol-Chahar
Manchoukuan War Office
Rengo
Hsinking
Vast powers attacked in A A A
New York June 26 J D Barnum president of the American Newspaper Publishers Association attacked an attempted defense by Henry A Wallace secretary of agriculture of the vast powers sought in the pending amendment of the agricultural adjustment act. He criticized government interference with advertising and urged a congressional amendment to bar any authority to regulate advertising directly or indirectly.
MENTIONED IN THIS ARTICLE
New York
J. D. Barnum
American Newspaper Publishers’ Association
Henry A. Wallace
Barnum
Wallace
Publishers’ Association
Supreme
Schechter
Publishers
Congress
Premature Powder Blast Kills 15 at Rio Grande Quarry
A dynamite blast at the Rio Grande quarry of Southwestern PortLand Cement Co in El Paso kills 15 or more workers and a 17 year old son of the plant superintendent. About 20 000 pounds of dynamite were used. Frantic rescue efforts involve lines and steam shovels and bloodhounds. Henry Salcido reports workers were loading when it exploded prematurely.
MENTIONED IN THIS ARTICLE
Paso
Tex
Rio Grande
Southwestern Portland Cement Co
Stephen Sparks
HS. Sparks
Sparks
Henry Salcido
Salcido
Juan Saucedo
Mussolini Fails to Accept Plans on Ethiopian War
Rome reports indicate Mussolini remains fixed on a complete solution to the Italo Ethiopian dispute despite Capt. Anthony Eden's London visit. Diplomatic circles say Eden must craft a formula to keep Italy in the League of Nations if war breaks out. Observers believe Italy would quit the league if condemned, leaving it moribund.
MENTIONED IN THIS ARTICLE
Andrue Berding
Associated Press
Rome
Anthony Eden
London
Mussolini
Ti Duce
Capt. Eden
Italy
League of Nations
Ethiopia
League
Hicely
Intrepid Aviators Near Endurance Goal Today
Meridian Mississippi June 2 The seven year dream of Al and Fred Key to set a new world endurance record with refueling nears completion as their plane Ole Miss and pilots enter the final day of flight They would surpass 553 hours 41 minutes 30 seconds set by Hunter brothers of Cincinnati if all goes well in the next 24 hours Both pilots report smooth motor performance and good physical condition They have shifted to two hour night shifts and may stay airborne two to three weeks longer The Key brothers are hopeful and excited despite anxiety about the last hours
MENTIONED IN THIS ARTICLE
Fred Key
Meridian
Miss
Ole Miss
Key Brothers
Brothers of
Unicugu Ut
Wes
Fred
Heir to land in Chicago court seeks title to acres
In Chicago circuit court Herman Kreuding 76 seeks to reopen a 23 year fight over about 180 acres valued around 800 million dollars claiming title to all of John Johnson heirs claims. He does not seek ousting occupants but hopes to gain income and title to vacant areas linked to Johnson’s 1869 settlement and earlier transfers. The case cites landmarks including Northwestern McKinlock campus Tribune Building and American Furniture mart.
MENTIONED IN THIS ARTICLE
Chicago
Herman Kreuding
John Streeter
Kreuding
Aquatter
Peter T- Johnson
John Prystalski
Johnson
Chicago River
McKinlock
Northwestern University
Chicago Tribune
American Furniture Mart
Krettling
Streeter
Queen bee pilotless airplane shown at Farnborough
Britain's new pilotless airplane, nicknamed the queen bee, demonstrated from an airfield with a ground control cabinet of seven keys. The craft climbed, answered commands, then performed a graceful automated landing at 2003 feet. Over 15 units built, water‑float or wheel variants planned. Also: Roosevelt signs Byrd resolution to halt liquor sales at Old Point Comfort’s Champlin Hotel on federal reservations.
MENTIONED IN THIS ARTICLE
Tne
Queen Bee
Benean
Washington
White House
Roosevelt
Champerlin Hotel
Old Point Comfort
Justice Department
Tennessee Forests Reach Fire Protection With Towers
State forest official I Peterson announced completion of a tower in Marion county, bringing 44 fire observation towers to protect six and a half million acres of Tennessee forest land. CCC crews built towers observers cabins lines and roads, with 1 506 miles of telephone lines 320 miles of trails and 980 miles of old roads added. About 9 75 million acres remain unprotected.
MENTIONED IN THIS ARTICLE
Nashville
Une
Cer I. Peterson
Marior County
Tennessee
United States Forest ‘Service
Civilian Conservation Corps
CCC
Peterson
Forestry Division
State Department of Agriculture
Cumberland Plateau
Middle Tennessee
Astern
Fifty Million for Jobless Youths Under New Agency
President Roosevelt announced a national youth administration under the work relief program with a $50,000,000 fund to provide apprentices in private industry, high school and college training, and relief for youths, directing Miss Josephine Howie and Aubrey Williams to lead. The plan targets about 500,900 youths, offering about $15 monthly on work relief, $6 for high school, and $15 for college, with state youth divisions and employer partnerships to place youths in jobs and training.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
National Youth Administration
Josephine Howie
the Treasury
Aubrey Wiliams
Harry L. Hopkins
Mur
State Committee
White House
Also Mentioned on This Page
FDR
Gov't
Mrs. Waley
Weyerhaeuser
Mrs. Hudson
Baby
Manchukuan
By Glenn Babb
Publishers’ Assn
AAA
Duce
Isin Court
Europe
Man At Control Board
Oscar Leiding
Associated
Foreign Star
Farnborough
Hants
Byngsland
Great Britain
Royal Air Force
Bee
Sas
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