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Newspaper
Moulton Eagle
Location
Moulton, Texas, United States of America
Date
Mar 07, 1924
Page
6
The Attorney General approved Fort Worth issuing 1.2 million dollars in funding bonds voted January 22. The report also notes actions on a Cameron state bank charter, railroad car rates for prickly pears, insurance license scrutiny, and various state appointments and travels by officials.
Washington reports two major amendments added to the revenue bill amid storms of debate and threats of GOP unity to block passage. Gift tax rates rise to 40 percent on large gifts, cigarette tax climbs to four dollars per thousand, and a theater tax exemption is maintained. Adjournment delays final action to Thursday as leaders negotiate repeal and reductions on auto taxes. The clash includes Mills warning of a possible presidential veto and a heated exchange between Longworth Garner Clancy and Garrett.
Washington reports U.S. Attorney General Daugherty acknowledged dealing in Sinclair stock before and during his cabinet tenure. He says he never used official information in these trades and is willing to provide full facts to any senate investigation. He details buying before becoming attorney general and losses and sales around Teapot Dome events.
In a revenue bill move the house approved a steeper estate tax and debated a gift tax. The inheritance tax climbs to a maximum 40 percent for estates over 10 million, up from 25 percent, amid opposition from organization Republicans. The gift tax proposal remains under consideration as adjournment nears.
Representative Blanton of Texas proposed a 99 percent tax on dowries in marriages to American heiresses abroad and a 75 percent inheritance tax on estate portions left tolegatees living abroad. The amendment was defeated 117 to 22.
The Lafayette named the Goodwill ship sails down the Houston ship channel amid heavy fog and driving rain. Carrying 200 Houstonians, she struck the gulf Monday and headed south and east toward Havana and other points of interest, with communication cut off from the rest of the world.
President Coolidge will keep Walter L. Cohen in office as controller of customs at New Orleans despite Senate rejection. A conference with Chairman Adams and other leaders agreed no further nomination for the controllership will be sent this session.
Col A A Sprague Chicago public works commissioner is slated for the Democratic nomination to succeed Sen Medill McCormick, whose term ends March 4, 1925. Sprague, born 1876 in Chicago, is a wholesale grocer and Legion hospitalization head who served July 1918 to March 1919 with the 131st Regiment, 86th Division. He supported adequate care for disabled veterans and urged a square deal for wounded service men.
Atlee Pomerene of Canton Ohio former U S senator and Democrat is named one of two special counsels in President Coolidges oil investigation joining Silas H Strawn of Chicago Republican Pomerene a Princeton and Cincinnati Law School graduate served Canton city solicitor Stark county prosecutor and Ohio Democratic leader.
The marriage marks the first love match at Japan's imperial court and is hailed as world changing. Observers note the union could transform gender roles and societal norms across Nippon after twenty six centuries of dynastic tradition.
The oil investigation in Congress identifies Edward Laurence Doheny born 1856 Fond du Lac Wisconsin as a leading petroleum producer with vast international interests. He began petroleum production in 1892, discovered California districts and Mexican fields, organized companies, and acted as lessee of the California naval oil reserve.
The House appropriations committee reports a total $66,758,513 for agriculture and road projects, including $17,700,000 for highway improvements next fiscal year. The bill also provides funds for meat and market inspections, weather warnings for fruit growers, tuberculosis and pest eradication, and international seed treating efforts with Mexico.
Austin Texas. R M Hubbard chairman of the highway commission warns all highway department employees to abstain from partisan political campaigns for any office. Any employee involved in politics could be discharged as the department stresses it is not a political body and should operate free of partisan influence.
Ballinger Texas sent its first solid car load of 1924 eggs to Atlanta Georgia. The 400 cases held 12 000 eggs sold at 25 cents per dozen. The $3000 proceeds were distributed among local farmers and poultry men. Officials expect 1 3 carloads weekly for 10 weeks. Revenue from eggs alone could reach 50 000 to 75 000 dollars.
The government will not annul import duties and storage charges on merchandise held in Vera Cruz during the city’s rebel occupation, according to a statement by Undersecretary of Finance Salinas.
Jefferson County announced the sale of $50,000 tubercular hospital bonds authorized earlier. County Judge B. B. Jotson disclosed the sale details Friday in Beaumont Texas.
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