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Newspaper
Westville Indicator
Location
Westville, Indiana, United States of America
Date
Oct 04, 1917
Page
1
Conferees finish draft increasing war revenue to about 2.7 billion dollars. Adjusted excess profits tax sets new 7 to 9 percent range and redefines invested capital and intangibles. Postal and transportation taxes rise, with new inheritance and surtax schedules and expanded stamp taxes.
Col. E. M. House has begun assembling experts led by Dr. John H. Finley to gather economic political and historical data for postwar peace terms. The effort aims to equip the United States with unbiased comprehensive information without implying imminent peace or diplomatic activity.
The Indiana State Council of Defense denounces indifference and disloyal talk at a weekly meeting in the state house. Framed resolutions call citizens to display the flag, support war efforts, and report treasonable words, while urging all to join food conservation and Red Cross activities and to avoid slackers at home.
Washington reports the revenue bill finalizing by conferees raises about 2.6063 billion dollars. Measures include income tax excess profits tax distilled spirits tobacco cushions and multiple consumer and transportation levies totaling the new war taxes.
The administrator announces a final decision on coal pricing instructing dealers to charge consumers with a base margin to be added to wholesale costs. For 1917 the gross margin is raised to 1.30 dollars per ton, limited so it does not exceed the July gross margin, with a 30 percent increase allowed on the base amount.
Disjointed text suggests a discussion of Whitman and bronze durability in Europe. It mentions ownership, proportions, and content with garbled phrases about leaves and a dressed carbohydrate.
The Indianapolis food conservation committee led by Mrs. Carl Fisher met at the statehouse to establish a clearing house for canned products and to promote a statewide campaign for more fish consumption and meat conservation. State fish and game commissioner Eugene C Shireman noted experiments and the White River camp to harvest coarse fish for sale at low prices in Indianapolis markets.
The Union Traction Co of Indiana will likely receive a tax refund after the dismissal of its six year old suit against the IRS over $1,543.95 paid as excise tax in 1911. Similar suits by Indianapolis Street Railway, Indianapolis & Northwestern Traction, and Terre Haute Traction and Light seek $11,800, $697.17, and $4,586.82 respectively. The 1909 corporation tax taxed these firms for ownership as business activity, a ruling now undermined by a Supreme Court decision. The government contends the current income tax amendment supplies the revenue that the old excise tax would have produced.
A State Statistics report by H A Roberts shows Indiana produced 18 649 266 bushels of wheat on 1 522 509 acres in 1916. The study notes the 1917 crop figures are not yet available but estimates 24 000 000 to 25 000 000 bushels, with a goal of 30 000 000 bushels for 1918 under the state food director Go Christie and wartime campaigns.
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