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Newspaper
Riverdale Pointer
Location
Riverdale, Illinois, United States of America
Date
Dec 17, 1926
Page
4
A review of public finances and political faith notes voting does not guarantee jobs while suggesting a White House breakfast as a nudge. It comments that advertising helps profits, children’s toy gifts fade fast, and prophesy must be backed by profit. It notes Coolidge’s long message, debtors’ slow payments, river harnessing power, schooling yet many youths miss learning, and communities Dalton and Riverdale striving for leisure with effort.
A New Year tax on bachelors ages 25 to 65 takes effect in Italy with no parallel for unmarried women. The piece compares it to American practice where married status benefits via lower taxes and suggests some men delay marriage to dodge financial duties while arguing bachelors can bear higher taxes.
The Illinois Senator McKinley rose from a drug clerk earning $4.50 a week to head a system of interurban railroads with 500 miles of track. He later donated $500,000 to an Illinois University hospital fund, illustrating how business genius and disciplined self improvement can drive wealth and public service.
Washington reports the House approved a $27.34 million appropriation for prohibition enforcement with $11.99 million for the treasury prohibition unit and $15.35 million for the coast guard, a $790,000 year rise. A debate centered on withholding funds, led by Rep Gallivan who argued the law is unenforceable, but the motion failed 140 to 12 as wets, including LaGuardia and Dyer, defended funding and urged modification rather than nullification.
On December 4 net cash in the United States Treasury stood at 139 million 390 thousand 172 dollars. A Democratic bill seeks 335 million dollars in tax cuts, introduced by Rep Garner of Texas with the minority party’s financial spokesman. The measure faces a hostile Republican majority in the Ways and Means Committee where it was referred. John W. O'Leary of the Chamber of Commerce petitioned a joint subcommittee on postal rates for downward rate revisions, with Postmaster General New and Budget Director Lord involved.
The chamber of deputies approved Premier Poincare’s 1927 budget by 410 to 185. Expenditures are set at just under $1 billion with revenue about $1 billion in the year’s forecast.
A $2,000,000 life insurance policy on Judge B Mastbaum, noted motion picture magnate, who died in Philadelphia, will have a charity receive part of the proceeds. The policy funds are being directed to charitable channels as part of the estate settlement.
Washington reports the Geneva protocol banning poison gas is recommitted by the senate on Senator Borah's motion. Borah aims to hold hearings to overcome objections. Borah and the administration back the treaty though strong opposition from the American Legion blocks action this session, with opponents claiming the pact is dead for now.
The article discusses the origin of the term pump for a type of slipper, noting uncertainty about its source. It cites Webster leaning toward a corruption of pomp, suggesting the shoes were worn for pomp, a theory deemed not very convincing due to lack of positive evidence.
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