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The Dispatch News in Lexington, South Carolina

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Dispatch News

Location

Lexington, South Carolina, United States of America

Date

Sep 28, 1921

Page

2

Winship lauds South Carolina and Winthrop College

A. E. Winship praises South Carolina’s educational status in Looking About, extolling Winthrop College and its campus, faculty, and student body. He commends the state’s social and civic spirit, teacher training, and the university’s service to city life and religious education, noting a large summer Sunday school course at Winthrop.

A. E. Winship Journal of Education Boston Mass South Carolina Winthrop College Savannah Augusta Atlanta Charlotte Wilmington New World Rock Hill D. B. Johnson Winthrop America State Department of Education Leon C. Palmer South Carolina Sunday School Association Young Women's Christian Association

Committee Expects Tax Revenue Shrinkage in Fiscal Year

Washington reports the senate finance committee projects a tax revenue loss exceeding 1 billion dollars in income and excess profits taxes for the current fiscal year while revising the house tax bill to raise 3.324 billion dollars in internal revenue through next June 30, as disclosed by the majority.

Washington Senate Finance Committee

Treasury report outlines revenue gaps and tax yields

The Treasury and committee members describe estimated revenues under the current law and the revised bill. They note a $136,000,000 shortfall versus treasury projections, an $84,000,000 excess over the revised bill, and income and profits taxes around 1.88 billion for the fiscal year. They cite shrinkage from low business mood, tax-exempt securities diversions, and other causes as factors. The revised bill totals about 3.324 billion, only 52 million more than internal tax estimates, seen as a safety margin for 1922 given economic uncertainty.

Treasury

Treasury revenue plan forecasts large 1923 deficit

A 1922 completed year and 1923 estimates show expenditures near 4.034 billion with 1.23 billion funded by rail and customs receipts. Internal taxes must cover about 2.8 billion in 1928. the committee predicts 2.735 billion in 1923 revenues, leaving a 65 million gap to be bridged by savings and retrenchment.

Dauruau Uapenuilutes Wiewae

Also Mentioned on This Page

New England Educational Journal President Johnson New York City Somers Pe Nations Lok Matthews Columbia, S. A Main St Lexington Evertt Harvard-Dayton Victrolas Victor Records Emerson and Okeh the John Church Co Main Street Columbia, D. C C. Coulton Optometrist Columbia, S. C Dodson Dr. Bedenbough Columbia S. C DR. O’neill Carolina B. Bldg J. Frank Kneece Batesburg, S. C Drs. Boozer Tto B. J. Wingard Clark Daw Columbia, S.C Avery “Aljeweler Columbia S.C The Home National Bank Lexington, S. C Federal Reserve Association Chas. L. Sligh Elmgren Hampton St. Columbia, S. C Ery Bond the Dispatch-News Cardus Palmetto National Bank Carolina National Bank of Columbia W. A. Clark T. S. Bryan Jos M. Bell D. Bell
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