Supreme Court rules on capital value in profits tax ruling
Washington May 17 the Supreme Court upheld the governments position that any increase in the value of a capital asset must be included in profits for tax purposes. The La Belle iron works case involved ore lands bought for 190000 in 1904 and valued at 10 million in 1917 with tax on the gain upheld. The decision was reported as unanimous with Justice McReynolds only concurring in the result. Hundreds of millions of dollars were involved and the ruling is described as a landmark affecting federal finances.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
la Belle Iron Works
Treasury
Penne Court
Justice McKeynolds
Pitney
Tron Company
Indictments in graft case target union and owners leaders
A special grand jury indicted three Contracting Team Owners' association members William J. Newman Edward J. Mullen and Isaac Walxer and two Teamsters union agents John Flynn and Michael McNichols. Nine counts accuse conspiracy to extort threaten work violence and boycott. Bonds set at 8000 each.
MENTIONED IN THIS ARTICLE
Chicago
Hughes Sets U.S. Oil Policy On Monopolies
Washington May 17 The United States adopts a global policy to inquire and press foreign governments when monopolistic petroleum concessions are potentially granted. The move aims to curb control by foreign interests and protect American energy interests abroad.
MENTIONED IN THIS ARTICLE
Washington
Baseball scores from National and American leagues
National League results show Boston 7 Chicago 7 New York 7 Cincinnati 4 St Louis 4 Brooklyn 2 Philadelphia 4 Pittsburgh 0. American League games include Chicago 5 Philadelphia 4 New York 6 Cleveland 4 Detroit 7 Washington 1 Boston 4 St Louis 5.
MENTIONED IN THIS ARTICLE
Pittsburgh
New York
Peeverseees
Chicago
Neevese
Cincinnati
St. Lowis
Philadelphia Ewes
Cleveland Woeberneenscheeres
Pisn
Detroit
Tod Ebeveeres
Eseretecanese Sd
Washington
Chicago Orr
Philadelphia Es
Bt. Louis Fis Babb
Eehaes Ee Soe
Boston
Louis
Brooklyn
Philadelphia
Plitteburgh
Cleveland
St. Louis
State Department report to Senate cites citizens’ rights
A State department report signed by Secretary Hughes and transmitted to the Senate responds to a resolution passed by the Senate a year ago. The document addresses the status of American citizens and related protections in international matters.
MENTIONED IN THIS ARTICLE
State Department
Hughes
Senate
Four Draft Deserter Entries Corrected by War Dept
Washington May 17 Secretary Weeks announced only four men among the 155000 alleged draft deserters had been miscatalogued. The four names Stanney Harrison French Alfred Daniel Brazil Howatt H Millinson and William Sutherland Bacon were stricken from the lists.
MENTIONED IN THIS ARTICLE
Washington
War Department
Weeks
Stanney Harrison French
Brooklyn
Alfred Daniel Brazil
New York
Howatt HH. Millinson
William Sutherland Bacon
Chicago
Thirty Die in Italian Election Riots Across Cities
Milan reports thirty killed and 150 wounded from street battles during general election balloting. Major cities saw quiet votes while fascist and communist clashes erupted in smaller towns.
MENTIONED IN THIS ARTICLE
Milan
400 Navy Yard Workers Furloughed in Boston
The Boston naval yard reduced its workforce with 400 men furloughed. Most were hull division employees shifting to temporary layoff status as operations resume.
MENTIONED IN THIS ARTICLE
Boston
Boston Navy Yard
Hull
Prohibition Amendment Upheld by Supreme Court
The Supreme Court ruled that requiring seven year ratification by three fourths of states does not invalidate the overall prohibition amendment. The decision in Dillon v. San Francisco ties proposal and ratification as contemporaneous acts, with the amendment taking effect January 16, 1920 and Dillon's offense on January 17, 1920.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
J. J. Dillon
San Francisco
Dillon
Harding
Troops Make Arrests In Mine Fight
Williamson West Virginia May 17 With Kentucky national guard arrival the first roundup of leaders in the attacking forces along the Tug river front has started. Five alleged leaders are in custody as militiamen comb the mountains for the base of supplies and caches of arms and ammunition.
MENTIONED IN THIS ARTICLE
Kentucky
West Virginia
Stone Mountain Coal Corporation
Matewan
J. F. Smith
Bredton
Sherif Pinson
Map found in Tug River area near Chattaroy sparks panic
Unidentified map body recovered in Tug river just below Chattaroy as reports from communities in the battle zone indicate continued shouting only at Merrimac since Sunday night. President Harding refused to send federal troops to West Virginia coal fields after Sen Sutherland appealed for Governor Morgan.
MENTIONED IN THIS ARTICLE
Tug River
Chattaroy
Pinson
Merrimac
Washington
M 17
Harding
West Virginia
Sutherland
Morgan
Fines in Building Materials Association Case
In New York on May 17 the Supreme court fined 18 corporations in the Association of Dealers in Masons' Building Materials from 2000 to 87500 each for violating state anti trust laws after they pleaded guilty on May 3 Twenty four members were fined 500 each for conspiring to restrain competition.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
Association of Dealers In Masons
W. W. S Lose Big Sum By Forfeit In I W W Case
Chicago reports that William Brows Liegd of Winnetka and several IWW leaders and associates forfeited bonds totaling about 80 000 in cash and liberty bonds. Haywood plus eight runaways faced forfeiture. Lloyd tied to Haywood 15 000 bond and 30 000 in bonds and real estate. Attempts to delay forfeiture failed as others remain scattered nationwide from 1918 obstruction of war program convictions.
MENTIONED IN THIS ARTICLE
Chicago
William Brows Liegd
Winnetka
Industrial Workers of the World
Circuit Court of Appeals
William Db
Haywood
Lloyd
Chesapeake Bay
Railroads urged to improve or quit by Senate committee
President Willard of the Baltimore and Ohio testifies that railroads must do better or risk collapse. Krutt Schnitt agrees with minimal rate increases, while Willard notes prior wartime losses and the need for investor confidence as complex railroad labor and timber issues persist.
MENTIONED IN THIS ARTICLE
Willard
Baltimore & Ohio
Senate Committee
Kruttschnitz
Washington
Chairman Cummins
Senate Interstate Commerce Committee
Julius Krutteebnitt
Southern Pacific Board
Senate
Cummins
Bus Arenas
Daniel Witford
Maltimore Wart Ohio
Kruttschnitt
Kruttechnitts
Wildlanl
Sovetuit
Senate hearing on rail car condition and government liability
Mr Willard cited road conditions and rolling stock reports noting 6 percent officially bad order but 40 percent unfitted for grain and other materials. He added 12 percent of cars remain in bad order versus an allowed 4 percent, stressing the committee must determine how much the roads are due from the government for permitting the condition. Senator Stanley of Kentucky commented on the vital issue.
MENTIONED IN THIS ARTICLE
Willard
Stanley
Dem
Vessels Tied Up As Marine Strike Binds Ports
Washington reports 142 ships unable to reach American ports due to the strike in the first two weeks. During the same period 496 steamers sailed as usual with San Francisco hardest hit, 42 cancellations. Norfolk 19, Philadelphia 15, New York 1. Of 490 sailings, New York led with 120, Philadelphia next with 80.
MENTIONED IN THIS ARTICLE
Washington
Secretary of Commerce
Hoover
San Francisco
Norfolk
Philadelphia
New York
Los Angeles
Poles Capture Three More Towns in Upper Silesia
Berlin reports Polish insurgents seized Gogolin and Gross Strehlitz as fighting raged Sunday. Italian plebiscite troops pulled from Nikielka Piless and Stybnik. small French garrisons remained. All three towns occupied, German refugees interned, plebiscite police seized. Annaberg action failed. Interallied commission to Gogolin sends reinforcements.
MENTIONED IN THIS ARTICLE
Berlin
Upper Silesia
Foreign Office
Gogolin
Gross-Strehlitz
Nikelal
Piless
Stybnik
Annaberg
Oppeln
Gogotin
Two Bankers Held for Big Shortage
Arcola State bank faces a $400000 shortage after embezzlement and forgeries. President M. T. Quirk and cashier J. B. Quirk were arrested. Bank closed by State Bank Examiner W. S. Whitlock and will reopen after audit. Chaotic losses tied to grain dealers Ernst & Son and family loans.
MENTIONED IN THIS ARTICLE
Arcola
Arcola State Bank
M. T. Quirk
J. 8. Quirk
State Bank
W.S. Whitlock
T. F. Lyons
Champaign
Whitlock
Lyons
J. R. Ernst & Son
Galton
Ernst & Son
Curtis Pressmen Strike For 44 Hour Week
Curtis Publishing pressmen walk out seeking a 44 hour week. Foremen remain at work and negotiations are under way with two Chicago printers to handle portions of the Saturday Evening Post and the Country Gentleman.
MENTIONED IN THIS ARTICLE
Philadelphia
Curtis Publishing Company
Chicago
Saturday Evening Post
The
Country Gentleman
British Buy Coal in U S To Ease Shortage
Washington May 17 The British government funds coal purchases in America to relieve the strike caused by English miners. Commercial Attache Dennis cable to the Department of Commerce says the coal is bought through ordinary trade channels for essential industries including public utilities and bakeries.
MENTIONED IN THIS ARTICLE
Washington
America
Dennis
Department of Commere
Colonel Pierce Dies in France While Inspecting Graves
Lieut Col Charles C Pierce head of the American UP memorials commission died of pneumonia brought by influenza in a hospital in Tours France. He was with his daughter Mrs DeWitt C Jones and halted in Tours on a trip to Italy to inspect graves of American soldiers. Funeral services will be held in Paris Wednesday.
MENTIONED IN THIS ARTICLE
Tours
France
Charles C. Pierce
American UP Memorials Commission
Pierce
DeWitt C. Jones
Italy
Paria
Student Shot by Robber in Cambridge
John B. King of Washington DC, a Massachusetts Institute of Technology student, was awakened by a noise and encountered an intruder. They struggled and King was shot twice. the assailant escaped.
MENTIONED IN THIS ARTICLE
Cambridge
Mass
John B. King
Washington, D. C
Massachusetts Institute of Technology
King
Peggy Joyce Files Cross Bill For Separate Maintenance
Chicago May 17 Margaret Hopkins Joyce known as Peggy Hopkins on stage filed a cross bill in Superior court seeking separate maintenance against her third husband James Stanley Joyce a Chicago hotel king valued between 10 and 40 million dollars She asks for separate maintenance and 3000 a month temporary alimony during the suit pendency.
MENTIONED IN THIS ARTICLE
Chicago
Margaret Hopkins Joyce
Peggy Hopkins
James Stanley Joyce
Aliens' kin barred from U S admission upheld by court
The United States Supreme Court affirmed lower courts in the Yeo Won a Cuan appeal denying admission for the applicant to bring his wife and minor children to the United States. The decision reinforces rights of aliens to request admittance for relatives despite immigration refusals.
MENTIONED IN THIS ARTICLE
Washington
United States
Yeo
Cuan
Uils
Premier May See De Valera In Dublin Meeting
Freemen's Journal reports Premier Maogd George offers to meet Eamonn de Valera or other Irish leaders with no conditions. De Valera says he would not respond publicly unless the premier makes a statement. Former U.S. Senator Benton Catron of New Mexico dies at home after illness.
MENTIONED IN THIS ARTICLE
Dublin
Maogd George
Freemen's Journal Reports
Eamonn de Valera
de Valera
Catron
Sota Pe
ML W
Benton Catron
United States
New Mexico
Maceh
Tve
Also Mentioned on This Page
U.S
J. Harsen Purdy
Purdy
Federal Reserve
National League
U. K
Pill
River
Clarence Spender
Deven
Building
New York Supreme Court
W. W
Wittane
Lou Flionaire
Cha
Board of Trade
Curtis
U. S
England
Col. Pierce
Menia
Toure
Peggy Joyce
Bill
Federal Supreme Court
California Court
Lieyd George
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