29 Jan 1913
Page 1
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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jan 29, 1913
Page
1
Policy outline notes a possible feature in a tariff revision program dealing with income tax revenue. Key figures and agency names are not specified. The brief hints at fiscal changes and potential processing impacts for tax collections.
Washington reports explore funding a proposed P7 currency backed by government bonds. Rep Hull aims to add a $100,000,000 income tax source within a $300,000,000 tariff base, linking to ratification of constitutional income tax amendments. If ratification stalls, excise tax plans may extend the current corporation tax.
Washington January 29 W H Berry former Pennsylvania state treasurer urged the House Currency Committee to adopt paper legal tender backed by government state and municipal bonds and a gold reserve of at least 20 percent. He warned current reserves were too small to support growing credit and risked a money panic. He proposed making bank note circulation legal tender and compelling banks to surrender bonds.
The forecast notes tonight will be fair and warmer with clear conditions. Thursday is expected to be fair as well with continued warmth across the region.
Under examination, Mr. Berry opposed the Aldrich currency plan and argued the current system causes the money trust, stock gambling, and unemployment from restricted industry. He stated a gold reserve of at least 20 percent would support the issue.
By Associated Press Dover Jan 29 Willard Sauls bury Democrat was today elected United States Senator from Delaware to succeed Harry Richardson Republican in a decisive vote.
In Searcy Arkansas a rock the size of a freight car fell onto northbound Missouri and North Arkansas train No 2 near the upper Red River. The engine and tender overturned as fireman Gann and engineer McQuay escaped injuries. Passengers were shaken but unfazed, with no coaches derailed.
Memphis January 29 The Weather Bureau predicts the flood crest will rise just above the forty foot stage as river waters return from the Big Lake Missouri diversion. Factories in South Memphis brace for inundation while workers erect protective levees. Logs owned by a Stoneville Mississippi firm amounting to 1 500 000 feet were swept away thirty miles from the Beulah crevasse.
London reports the peace note draft from the Balkans allies delivered to Turkish delegate Rechad Pasha. The note announces suspension of peace talks amid unrest among Turkish troops on the Tchatalja lines. Allies expect possible grand vizier concessions as naval forces gather at the Dardanelles.
The chamber of commerce outlines its road program for the parish in a movement inaugurated by secretary Mr Ellison with police jury approval.
A Monroe Chamber of Commerce piece urges civic duty and moral cooperation to boost town development. It promotes organization, leadership, and practical action, arguing progress demands financial support, ideas from all citizens, and active committee work.
United States senators were elected Tuesday in eight states. Six Democrats and two Republicans won spots, with three incumbents reelected. New senators include William Thompson Kansas William Hughes New Jersey W M Kavanaugh Arkansas Morris Shappard Texas and Key Pittman Nevada. Shappard will fill both expired Bailey term and full term.
London reports that General Mrs. Drummond and about thirty militant suffragettes were sentenced to fourteen days in jail for pressing a deputation to Lloyd George in the House of Commons. They planned hunger strikes after sentencing and warned of continued protest.
The Supreme Court has granted the Justice Department’s request for an immediate issuance of the court’s mandate in the Patten cotton corner case. The mandate places the case before the lower court for trial before the statute of limitations expires.
Constantinople January 29 German ambassador Baron Hans von Wangenheim warned "Hands off Turkish possessions in Asia" in a speech. He linked Turkey's future to Asia Minor and stated German interests are tied to Turkish ones in the region.
By a tie vote the Republicans failed to force another executive session to consider President Taft's appointments. The Democratic leader demanded a roll call, aided by Senator Bristow and Senator La Follette, stopping the move with Progressive Senator Poindexter.
The Supreme Court rules on the Sabine tram case affecting Sabine Port operations in Texas. The ruling clarifies legal questions raised by port authorities and transportation interests in the region.
The Supreme Court ruled the Sabine Tram Company may not use the Texas Railroad Commission rate of 6 12 cents for Lumber shipped to Sabine for export. It requires interstate rates at 15 cents, signaling a shift away from state coercive tactics that channeled Texas cotton through Galveston. The decision broadens to cover ports and commerce, restoring railroad influence in Texas cotton movement and reducing port-bias.
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