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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Saline Observer
Location
Saline, Michigan, United States of America
Date
Apr 28, 1932
Page
8
Treasury Secretary Ogden L Mills outlines a revised program to raise about 1 038 billion to balance the national budget. He rejects many House tax hikes, favors a 0 75 cent per gallon gasoline tax, and proposes administrative tightening to save funds.
Lansing April 28 The House votes to stay in session after the state convention while the big highway bill and its division of weight tax funds occupy lawmakers. The Senate passed a broadly amended highway bill prompting House inquiry into its effect if enacted. Both chambers have considered pay cuts for themselves, with a dispute over the exact amounts. A proposal would shift township elections to every two years, potentially saving Michigan about 1.25 million dollars. A dealers license fee measure was tabled amid a tense Senate executive session, the first in decades. More bills await governor action.
HAIRMAN NORBECK of the senate committee investigating short selling clashed with New York Stock Exchange President Whitney. Whitney released a list of 24 000 shorts as of April 8 showing names including prominent Americans and foreigners. Arthur Cutten is named as a principal figure, signaling the inquiry will be greatly extended.
Blanket manufacturers agreed under the National Bureau of Standards that wool content in blankets will be clearly labeled. New rules take effect December 31, detailing wool percentages, minimum text height, and test methods to settle disputes. The article also notes the shock in Milan township over William Beauregard’s suicide at his farm home.
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