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Newspaper
Monticello Express
Location
Monticello, Iowa, United States of America
Date
Oct 11, 1917
Page
7
Conferees finalize a war revenue bill raising total to about 2.70 billion dollars from 2.42 billion. new taxes include adjusted excess profits, extended postal surcharges, higher rail and auto levies, new inheritance taxes, and broad stamp and amusement taxes. Senate plan largely retained with updated rates and exemptions.
Col. E. M. House, at President Wilson's request, hires Dr. John H. Finley to compile European war condition data. The effort aims to equip the United States with objective, nonpartisan statistics for future peace talks, while no immediate negotiations are planned.
Regimental lines drop Second Iowa infantry and Sixth Nebraska from active regiments in the Thirty fourth division reorganization at Deming New Mexico. Iowa cavalry Troop A gains division HQ honor while other horse units convert to machine gun groups. Generals Allen and Hall command new brigades and battalions as a nationwide mobilization reshapes troops, trains, and support units.
Washington reports the war revenue bill agreed by House and Senate conferees raises about 2.606 billion dollars. Tax sources include income, excess profits, spirits, wines, tobacco, cigarettes, insurance, auto sales, motion pictures, jewelry, sporting goods, perfumes, cameras, and transportation fees.
Fuel Administrator Garfield laid out regulations governing retail coal prices. He set a fixed gross margin cap based on 1915 and 1917 margins, restricting increases to no more than 80 percent over the 1915 retail margin and not exceeding July 1917 levels. The plan uses 1915 as a baseline and 1015 as a normal production year.
Conferees led by Senator Simmons and Representative Kitchin hail the new revenue bill as among the best ever drafted. They claim it shifts the tax burden equitably between rich and poor and broadens income tax reach. Rates start at 20 percent on excess profits, rising to a maximum, with exemptions lowered to 1000 for singles and 2000 for married couples. Inheritance taxes are increased, and manufacturers face taxes covering autos to chewing gum.
Articles describe Whitman era Leaves of Grass creation and land clearances in Straits for banana settlements. Experiments in Honolulu test banana fiber bags for sugar shipping. European scientists claim brain radioactivity. 70,000 bells headed for smelter in Hanover. Hamburg America offices sold to P and O for 301000 dollars. Bronze durability linked to tin content. A California janitor patents a desk top cover. War claims millions of horses destroyed and 750000 sent to Europe since war start. US horse decline 83000 in 1916 1917. Rubber seed oil trials begin in Federated Malay states. A Wolfeboro inspector overhears spy talk. Nettles eyed as cotton crop substitute in Europe.
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