Holes in Tax Law Plugged As Morgan Story Develops
Washington May 26 Suppressed tension over the senate Morgan investigation burst forth in a dispute at todays hearing after disclosure that a wealthy banking house controlled the United Corporation utilities stock holding organization tied to companies in the electric and bus output sectors. George Morgan, president of the United, disclosed the organization and the big bank’s stake in United Corporation with options and stock transfers that enriched those involved. The testimony showed Morgan and partners held the bulk of preferred shares and many common shares, with options enabling further gains as senators questioned officers of the corporation and related firms.
MENTIONED IN THIS ARTICLE
Washington
Serate
Morgan
Swealthy Bakin House
United Corporation
Utilities
Wasm
George Monard
United
Stark
Moria
United Corperation
Ferdinand Pecord
Howard Pwietively
Uvlited Corporation
Mohawk
Ilidson
Gra Lryteeveynent Company
Tii
Steck
J. P. Meegan and Company
Tor St Vach
7. P. Morgan
Mori
Klowaril
Best Preferred
Hoooud
Ules
Esinien
Sat GU
Truward
Ulowk
Peer
Tyha
House Debates Tax Changes Over Roosevelt Works Plan
Washington may 46 A revolt against higher income taxes to fund public works spurred hasty tax law changes. The House Ways and Means Committee approved an amendment taxing capital gains for one year on returns, aiming to curb exploiting deductions. A sales tax proposal by Bacharach faced uncertain support as Morgan inquiry protests mount and Senate banking committee probes continue.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt Public Works
Iit
House
Ways and Means Committee
State Banking
J. P. Morgan
Dg. 2
Morgan
Asyovidhes
Senate
Rieports
Thes Committee
Bacharach
RNM
Farm Board Ends as New Deal Reshapes Agriculture
The Farm Board dissolves as its functions merge into the new Farm Credit Administration under Henry Morgenthau Jr. The organization’s wheat and cotton price stabilization venture ends and Morgenthau estimates a loss of about 350 million dollars from the original 500 million revolving fund.
MENTIONED IN THIS ARTICLE
Washington
Farm Board
Henry Morgentagu, Jr
Roosevelt
Fawm Board
Morgenthis
Tempers Flare in Mitchell Tax Case and Cuban Rebels
In New York on May 20, trial testimony surrounded Mitchell income tax charges up to 650,000 as Steuer attacked defense claims while Thornton’s role sparked debate. Havana reports identify Del Charles Muecke as a veteran rebel leader aiding anti Machado factions amid renewed calls for a truce and secrecy around opposition groups ABC and QOGFER.
MENTIONED IN THIS ARTICLE
New York
WB. Mitchell
Manuial
Chistes
Tedersy Airvormney Geeree
Medalie
Alitehell
Charee
Max
Stewer
Seached
Medake
Steuer
Iran
Mitchell Established & Jax Joss
Lond
Anatuida
W. D.pornwan
Greeat Cananes Copper Company
Miteh- al Tunteh
Thornton
Machado
ABC
Qogfer
So‘cieties
Truce Signed in North China Despite Denials
The Associates' Press reports Shanghai and Tokyo declaring a truce ending hostilities in North China. The accord, signed by foreign offices, requires Chinese forces to stay south of a line 15 miles from Peiping and Japanese troops to hold the northern boundary, with cessation of Chinese provocations included amid unconfirmed rumors of Pain evacuation.
MENTIONED IN THIS ARTICLE
Associates
Shanghai
Tokyo
China
Wenialy
Foreign Office
North
Peiqing
Tientsin
Japan
Coal labor wage rise pushed by Appalachian Coals
Appalachian Coals Incorporated announced wage increases from 0 to 10 percent for workers across four coal regions in Southern West Virginia Eastern Kentucky Southwestern Virginia and Western Tennessee. Directors for part of potential 80 000 annual output said current coal prices and labor costs fail to restore buying power and prosperity.
MENTIONED IN THIS ARTICLE
Cincinnati
A. Vili
Appalachian Coals, Incorporated
Thy
West Virginia
Kentucky
Virginia
Tennessee
Appalachian Coals
R. BG. Howe
Gangs clash in Broadway drive on racketeers in New York
May 26 AP reports New York faces a brutal push against organized crime as racketeers extend killings across the city. Mayor O’Brien orders firm enforcement while police and district attorneys pursue Dutch Schultz and Waxey Gordon's feud, with shootings on Broadway and Brooklyn byways fueling the drive.
MENTIONED IN THIS ARTICLE
New York
Broadway
John P. O'Brien
New Yorker
Brooklyn
Jean Frisia
Fluryr
George Kennedy
Kitty O’brien
Muscle Shoals Probe Denials Reach Washington
Nebraska Senator George W Norris says claims of misusing Muscle Shoals facilities are being rushed to Washington by power company officials Huston Thompson once of the FTC is to be immersed in the probe ordered by President Roosevelt Jo Conn Guild Jr of Tennessee Electric Power and Thomas W Martin of Alabama Power call the allegations unqualifiedly false and demand immediate investigation
MENTIONED IN THIS ARTICLE
Muscle Shoals
George W. Norris
Nebraska
Washington
Huston Thompson
Federal Trade Commission
Roosevelt
Jo Conn Guild, Jr
Tennessee Electric Power Company
Thomas W. Martin
Alabama Power Company
Simon Praises New U S Policy in Britain Debate
London May 26 The new American policy of cooperation with other nations to avert war was hailed as an important step by Foreign Secretary Simon and Sir Austen Chamberlain. Simon said the Davis Geneva declaration abandons standing by idly while conflicts unfold. Chamberlain called it a landmark, while Britain notes no new continental obligations and outlines a five point disarmament policy in response to Roosevelt.
MENTIONED IN THIS ARTICLE
London
Eet
John Simon
Austen Chamberlain
Sir John
House of Volunons
Norman H. Davis
Forgian
House
Britain
Cordiel
Roosevelt
Roosevelt Holds France To Pay Defaulted Debt
Paris May 2074 President Roosevelt pressed France to honor a SUL000,000 debt installment due December as a condition for future loans Edens ferciot France’s envoy for Roosevelt negotiations said the Hall of Nations debate focused on the December 15 payment. Herriot stated Roosevelt indicated immediate talks could begin Laurets criticized the debt issue as not on the conference agenda and American opinion favored no moratorium.
MENTIONED IN THIS ARTICLE
Paris
Roosevelt
Edens Ferciot
France
Swecat Vavoz
Roosevelt Neouimle
Ashyngbas
M. Herriot
Fast to death demanded by Rev. J A Vallery in protest
Tenn May 20 AP A gray haired social worker Rev J A Vallery announced he would begin a fast at 3 30 p m tomorrow unless he regains control of a training home he founded in 1810. He said the fast would continue until death or victory to support his continued work. Directors who removed him in 1924 when a community fund took over made no plan public. Community fund officials said reinstate would be up to the directors. His fast is one of many dramatic steps in his protest against removal. In 1994 he failed in chancery action to restrain directors from interference with him.
MENTIONED IN THIS ARTICLE
Tenn
iMregteneil
J. A. Vailery
Vailery
Vallery
Community Fund
Roosevelt Eyes Move to End Gold Standard by Law
President Roosevelt backs going off the gold standard by statute and asks House Banking Chair Steagall to draft a resolution. He says the measure would free bonds and federal obligations from gold payments and allow war debts to be paid in lawful money. The bill is described as an administration emergency relief measure.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
United States
Stemzall
House
Rodice
Alabama
White House
Roostvet
German Farmers See Hitler Program As Their Salvation
Walter Darre, minister of agriculture, opened Berlin's agricultural fair warning farmers may feel relief at Hitler's plan. The regime portrays farming as Germany's economic cornerstone with measures to aid agriculture, debt relief, and land policy to expand small farms while preserving large estates as strategic food reserves.
MENTIONED IN THIS ARTICLE
Hitler
Associated Press
Berlin
Walter Darre
Wari
Darre
Farmers Federation
Alfred Hugenberg
Germany
Dare
Huegenberg
Aloun
Also Mentioned on This Page
Banking House
U. S
Congress
Morgan Inquiry
Can EV Ess
Hoover
Mitchell
Cuba
Cal
Muecke
Stower
John LD. Ryan
Thornton's
Acomutintuins
Anacond
Pharaton
Mydalic
Mitcchell
Madlie
Havana
Amelia
Spain
Presdent Minhado
del Charles Muecke
Camaguey
Tighline
Ummanist
Muveke
Sanvhuz
Culanacan
Camaguey Province
Santa Clara
Radical Revolutionary Party
Juan Blas Hernandes
Appalachian Coals, Inc
Long Island
Priscia
Kitty O'Brien
Dutch Schultz
Bronx
Waxey Gordon
New Jersey
Elizabeth
N. J
Elizebeth Hotel
Max Hassells
Max Gécenberg
Jo C. Guild, Jr
T. W. Martin
Simon
U.S
Davis
Herriet Tella
Chamber of Deputies
Pernad Laurets
J.A. Vailery
Seagall
Steigall
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!