Removal of Personal Income Tax Exemptions Proposed to Solons
A New York Board of Trade representative urged the Senate Finance Committee to cut personal income exemptions to raise about 5 billion dollars. A sales tax was debated, with supporters and opponents split. The group also discussed payroll deductions, corporate rates, and postwar credits as ways to reach larger revenue while preserving fairness for business.
Canadian fishing schooner Lucide shelled by Axis sub off Nova Scotia
The 399th Allied or neutral vessel list records the Lucide of Larkeport, N B, as the first Canadian fishing boat sunk by enemy action off the Nova Scotia coast. Eleven crew survived a 100 mile row to eastern Canada, with three injured. Total weekly Allied losses reached 108 seamen killed and 548 passengers and crew lost in 15 merchant ship sinkings. 61 missing.
MENTIONED IN THIS ARTICLE
Times
Atlantic
Associated Press
Lucide
Larkeport
N. 8
Nova, Scutia
U. S
Lawmaker to Seek View on Morgenthau Tax Proposals
George plans to ask committee members to state their views on Morgenthau's recommendations totaling about 2.5 billion dollars in increases to the House plan. He predicts a majority will resist raising income tax rates and may prefer new levies such as sales or withholding taxes. Morgenthau urged adding 1.701 billion to income taxes, boosting estate and gift taxes by 302 million, and increasing excise levies by 437 million.
MENTIONED IN THIS ARTICLE
George
Treasury
Morgenthau
House
Those Making 5 Million in Income Dumb Those Making 5 Million in Income Dumb
Washington July 27. The senate finance committee heard that a taxpayer with 5 000 000 in one year would face heavy taxes under the pending revenue bill. If the person lived in California a total tax near 5 116 606 would be due including state levies. The official warned that earning 1 000 000 would still result in heavy tax bites. The discussion touched on high income taxation and potential benefits for multinationals. Marcos, Texas July 27. President Roosevelt signed a bill directing transfer of land to Southwest Texas State Teachers College for 1000. The document notes use of property for the home office and yard at the former camp site.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
M. L. Seldman
New York Board of Trade
Hye
California
Seldman
Seidman
College
Marcos
Roosevelt
Texas State Teachers College
United States
GlaLlon
One Man's Opinion by Walter Kiernan
A speculative column questions reliance on synthetic rubber and isolationism, noting wartime shortages and the risk of overreliance on technology. It mocks public myths about global markets while highlighting tensions between industrial self sufficiency and international trade.
Jon Hall Injured in Horse Stampede on Film Set
Hollywood July 27. Actor Jon Hall was badly battered after being thrown by a horse and trampled by a herd during a battle scene filming at North Hollywood. Attendants report no broken bones but torn ligaments in his arm and leg, delaying production of Armageddon Nights in which he appears.
MENTIONED IN THIS ARTICLE
Jon Hall
Hollywood
INS
North Hollywood Emergency
U S May Cut Civilian Needs to Bone
Washington July 27 Americans may face a civilian economy cut far to the absolute bone similar to wartime Britain, said Donald M. Nelson of the War Production Board. He noted Britain started industry concentration to convert to war needs, forecasting licenses for essential goods and a deep civilian cut. A recipe fragment follows detailing a beet greens baked dish with eggs milk and butter.
MENTIONED IN THIS ARTICLE
Washington
Britain
Donald M. Nelson
Nelson
Anagnerd
Bey
England
D. Arthur Tr. Burns
Office of Civilian Supply
Henry A. Dinegar
United States
Netcon
Aritain
New Price Rule to Aid Retailers
Regional OPA Administrator Max L. McCullough explains a recent amendment to price fixing regulations offers relief to retailers wholesalers and manufacturers hit by abnormal March price discounts from special merchandising deals. The rule lets nonretailers and retailers raise ceilings to the highest March delivery price within 30 days prior to the temporary reduction after documenting the adjustment to CFA offices.
MENTIONED IN THIS ARTICLE
OPA
Max L. McCullough
CFA
Washington
McCullough
Army Hour stars Mussolini Hitler Yamamoto in NBC talk
National Broadcasting Company aired an Army Hour featuring impersonations by Sgt. Louis Hitler of Fort Knox, Pvt. Fred M. Mussolini of Buckley Field, and Pvt. Shiros Yamamoto of Fort Riley. The trio commented on Allied aims and mocked Axis leaders, drawing crowd attention.
MENTIONED IN THIS ARTICLE
New York
Hitler
Mussolini
Yamamoto
National Broadcasting Company
Sgt
Louis
Fort Knox
Fred. M. Mussolini
Buckley Field
Colo
Shiros Yamamoto
Fort Riley
Kan
Yatarnoto
Army Air School Moves to Arizona
Transfer of the entire army pilot training deal from San Diego to Tucson, Arizona, was completed without any flight delay. The move involved army and civilian personnel from Ryan Aeronautical and began aviation cadet training in Tucson, following a 400 mile desert convoy. Dozens of low wing Ryan PT-22 planes were flown to the new school.
World Airway Already Here
Austin July 3 Dr John H Frederick UT professor says air transport has arrived enabling rapid movement of armies and supplies. He notes about 40 000 planes already contracted and that a B-39 could equal the cargo capacity of the UN ships. He calls aviation a revolution in world transportation.
MENTIONED IN THIS ARTICLE
Austin
John H. Frederick
University of Texas
Germany
Frederick
National Resources ‘Planning Board
Aaire
Victory Frosting Recipe Hidden in Unis Ad
Recipe fragment describes a frosting method with two egg whites and sugar, boiled over water while beaten to stiff peaks. Mentions adwriter dial F-13931 and a long implied yield for two layers, reflecting a how-to from a historical newspaper page.
Pueblo Pudding Recipe Fragment From Old Print
A partial recipe fragment describes pudd ing style cooking using white enriched bread crumbs milk eggs peppers and salt. It mentions arranging bacon slices across a prepared dish and folding in lightly beaten egg whites before baking.
Also Mentioned on This Page
Senate ‘Finance Committee
M. L. Seldmay
New York Board
D.-Ga
Senate
Vandenberg
R-Mich
Taft
Rohio
Byrd
D-Va
Radclife
D-Md
Herring
D-Town
Barkley
George, Connally
D.-Texas
Smathers
D-N. J
D.-Goled
Gerry
D-R. J
Danaher
R.-Conn
Walsh
W.-Mass
Halley
D-N. C
Capper
R-Kan
Godge
R.-Mass
U. S. Navy
Mand
Mit
Walter Kiernan
Mesias
Bolivia
The
U.S
Danter
Mitter
Army Air School
Arizona
Peut
Royston Borug
Seay VL
We. Ons
Alku
Rob
Vagle
Ponds
Dristle
Bitin
Slael de Vole
Hasdiy