Tax Payments Demonstrate Strong Finances and Fed Support
Bankers reported the large Federal income and excess profits taxes paid with remarkable ease, showing the nation’s financial strength and the efficiency of the Federal Reserve System. Officials like Vanderlip Frew and Curtis praised the Treasury and Fed as they coordinated debt certificates and tax collections to prevent any strain on banks or the money market.
MENTIONED IN THIS ARTICLE
United States
America
Ccr
Frank A. Vanderup
National City Bank
Scarsborough
Times
Baland
Treasuryent
Federal Reserve
Vanderlip
Govit Perea
Rncan
iInby
Treasury
Walter E. Frew
Corn Exchange Bank
Clearing House Committee
Heapstead
Treasuryment
Mr. Frew
Treasury Department
Staten
Senate probes corporate profits for 1916 and 1917
Washington reports that the Internal Revenue Bureau is compiling a list of about 100,000 concerns with profits over 15 percent for 1916 and 1917. The forthcoming report, due in about a month, will require a presidential executive order to disclose income tax return details. The data will include name, address, capital stock, net earnings, and profits for both years.
MENTIONED IN THIS ARTICLE
Washington
Senate
Internal Revenue Bureau
White House
Treasury
Mail brings millions more to city revenue offices
Following the final payment date for income and excess profits taxes, city revenue offices opened to process mail and certificates. The Federal Reserve Bank of New York accepted cash and checks for deposit, and special postal deliveries sped sorting. Officials expect collections to exceed the prior $790,000 estimate, with notices of demand sent for late settlements due by June 25 to avoid penalties and monthly interest.
MENTIONED IN THIS ARTICLE
Internal Revenue
Federal Reserve Bank of New York
Arriva
Stuart Named Agriculture Representative on War Industries Board
Henry Stuart former Governor of Virginia and chairman of the National Agricultural Advisory Council is designated to represent agriculture on the War Industries Board. He will have headquarters in Washington and will serve without pay.
MENTIONED IN THIS ARTICLE
Washington
Henry Stuart
Virginia
National Agricultural Advisory Council
War Industries Board
War profits tax plan outlined for big revenue bill
Hearings on a massive war revenue bill press toward August with focus on war profits, incomes, luxuries, and a possible indirect consumption tax on gross sales. Proposals include 75 percent tax on top war profits, two taxation bases, and higher income surtaxes, with exemptions and inheritance taxes adjusted amid debate on impact on business expansion.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Ways and Means Committee
Congress
Waya and Means Committee
United States
Ford Motor Company
Standard Oil Company
Claude Kitchin
England
Liquor Tax Increase Prompts War Time Revenue Debate
Government revenue from liquor and other taxes totals about 700 million dollars, stirring opinions that prohibition should not be enforced. Officials cite loss of this revenue as a key argument against banning beer during the war. A June hearing will allow publishers to air objections to the second class mail zone system set for July 1.
MENTIONED IN THIS ARTICLE
Comitee
NYU Adds Sixteen Faculty to War Service Roll
New York University reports six teen members of the faculty have joined the war effort since January 1 1918. Doctors Clayton Evans McNeil Veazie Baumann Munn Taylor Wall Smith Park and Sides are serving in army divisions with Isador Abra John McCoy attached to base and France. Hotchkiss and Rufus D Smith have received leaves of absence for war work.
MENTIONED IN THIS ARTICLE
New York University
Clayton
Evans
Aewchibald McNeil
Veterinary College
Walter B. Veazie
Arthur ¢. Baumann
Glenn G. Munn
Joseph G. Taylor,Jr
Francis P. Wall
DB Smith
Joseph H. Park, Jr
Arthur C. Sides
Isador Abra
John McCoy
Hamson
France
R Hotchkiss
Rufus D. Smith
Earthquake Shocks Hit Managua Area in Nicaragua
Three strong earthquakes struck Nicaragua early this morning around Managua. No serious damage reported though communications wires were down in parts of the republic.
MENTIONED IN THIS ARTICLE
Nicaragua
Managua
Republic
Salvation Army to Build Huts at Six Military Camps
Colonel Edward J. Parker of the Salvation Army reports surveys at twelve Southern training camps done with military authorities and Chambers of Commerce. Hotels and huts will be built immediately at Camp Sheridan Alabama Camp Shelby Mississippi Camp McClellan Alabama Camp Sevier South Carolina Camp Wadsworth South Carolina and Camp Jackson South Carolina. Work begins at once.
MENTIONED IN THIS ARTICLE
Edward J. Parker
Military Activities Department
Salvation Army
South
Chambers of Commerce
Parker
Camp Sheridan
Montgomery
Ala
Camp Shelby
Hattiesburg
Miss
Camp
McClellan
Anniston
Camp Sevier
Greenville
B. C
Wadsworth
Spartanburg
Salvationiat
Raid in Greenwich Village Tea Rooms
Assistant District Attorney James E. Smith Frederick Whitin and a detective squad raided tea rooms near Washington Square and Lexington Avenue. Twenty prisoners were jailed and 1255 others served subpoenas. Most arrestees were young men lacking draft registration proofs and women found with soldiers.
MENTIONED IN THIS ARTICLE
James E. Smith
Frederick Whitin
Committee of Fourteen
Conboy
Morris
Washington Square
Lexington Avenue
Greenwich Village
Morris Rothenberg
Harry Cohen
Harry of
Rensselaer Steamboat Collides With Ferry Near Newburg
In the Hudson River near Newburg late last night the steamboat Rensselaer and the ferryboat Orange collided. Three ferry passengers Mr Norman Coynes II Mrs Coynes II and John Ruff of New York City were slightly injured. The ferry sustained minor damage.
MENTIONED IN THIS ARTICLE
Rensselaer and
Newburg
N. Y
Rensselaer
Hudson Navigation Company
Orange
Hudson River
Norman Coynes II
John Ruff
New York City
Socialist Link With Foe In Talks Before Troelatre Departure
Amsterdam reports say Dutch Socialist leader Pieter Jelles Troeltrae will travel to England for the British Labor Congress and has invited Austrian and German Socialists to confer in The Hague. Austro German delegates Kurt Seitz and Wilhelm Eilenbogen depart for The Hague to join the talks ahead of Troeltrae’s departure.
MENTIONED IN THIS ARTICLE
Amsterdam
Vienna
Pieter Jelles Troelatra
England
Labor Congress
Kurl Seitz
Wilhelm Eilenbogen
Social de Racy
Austria
The
Hague
Also Mentioned on This Page
Pratwe Federal Reserve System
James Freeman Curtis
Federal Fireerve Bank of New York
Federal Reserve Bank
Jersey
Albany
Revenue Office
H. C. Stuart
McAdoo
Levy Om Automobilists
Thomas Ticalys Sunken Galleries
Broadway
New York
Charles Alter
Riverside
N.Y.U
Germany
Army
Greenwich Way
George Renwick
York Times
Adv
Havana
Piccadilly
Shanley’s
Shanley
Arine Roo
Bosbert, Belyn
Bryant
D'Hote
Hosbrau
30Th Street
NEW York Morning Newspaper
Total Agate
Times Agate Lines
World Agate Lines
American Agate Lines
Herald Agate Lines
Sun Agate Lines
Agate Lines
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