Presidents Soon To Pay Income Tax
Washington report notes Senate approved an amendment to tax reduction bill making future Presidents subject to income tax. It defines gross income as salaries and compensation including that of Presidents taking office after enactment. The change ends prior exemptions and follows a Supreme Court ruling on federal judges. Senator Reed backed the amendment in finance committee.
MENTIONED IN THIS ARTICLE
Washington
United States
Senate
Coolidge
Wilson
Harding
Supreme Court
Internal Revenue Commissioner
Reed
Republican
Pennsylvania
Ford Plans Universal Credit Corporation for Ford Financing
Edsel Ford announced the Universal Credit Corporation to finance Ford products on a time payment plan. The affiliated Ford unit will be nationwide, exclusive to Ford dealers, with initial capital of 10 million dollars.
MENTIONED IN THIS ARTICLE
Detroit
Edsel Ford
Ford Motor Company
Universal Credit Corporation
Ford Company
Ford
Broadway of America Anti-Puncture Day Patrol
Boy Scouts from Sweetwater Colorado Spring Midland and Odessa will patrol the Odessa to Sweetwater highway on a to be designated day this month. They will aid stalled cars and search for puncture liabilities under Scout executive F. D. Craft who formed three Midland troops.
MENTIONED IN THIS ARTICLE
Midland
Broadway of America
Boy Scouts of
Sweetwater
Colorado Spring
Odessa
Boy Scouts
Buffalo Trails Council
F. D. Craft
Texas Exemption Rules for Homesteads and Personal Property
The 1911 Revised Civil Statutes define exemptions from forced sale for families and nonfamilies. Homesteads, household goods, cemetery lots, implements of farming, trade tools, household library and portraits, livestock, vehicles, weapons, saddles, provisions, and wages are protected unless specified otherwise. Provisions limit homestead size and conditions for in town and rural cases. Proceeds from voluntary sale are protected for six months. Exceptions apply where debt is for purchase money taxes improvements or rents.
MENTIONED IN THIS ARTICLE
Texas
Landlord Actions Under Title Eight Seized Debts
A fragment notes actions by a landlord toward his tenant under title eighty and other debts secured by a lien on the property. The text confirms legal mechanisms for debt collection and lien enforcement related to rental properties.
Whisky No Cure For Snake Bite
Houston pathologist Dr. Harry Braun warns the liquor is not a remedy for snake bites. He says alcohol worsens the nervous system and offers no benefit. A tourniquet, suction, and physician care within an hour or two are advised, while the patient remains calm and avoids exertion.
MENTIONED IN THIS ARTICLE
Houston
Harry Braun
Tax of 62 Cents Is Indicated for State Tax
In Austin indications point to a state tax lower than last July’s 67 cents, possibly as low as 62c. The current 67c includes 35c for schools, 7c for pensions, and 25c for general purposes, with the general item possibly trimmed to 20c at the July board session as appropriations fall for the second year of the biennium beginning Sept. 1. The 1926 tax was 65c and 1925 was 77c.
MENTIONED IN THIS ARTICLE
Austin
Automatic Tax Board
Brief notes include Moody term costs and historic inventions
The memo cites Moody term cost estimates between $1.29 and $1.32 for the biennium. It mentions Eli Whitney's 1793 invention of the cotton gin. It also notes an actress appearing on the Chinese stage as early as 200 B C according to George Kin Leung.
MENTIONED IN THIS ARTICLE
Moody
George Kin Leung
Man Dies in Vault Containing 50 Million Dollars
Washington reports John C. Bulger 66, veteran of 26 years with the Comptroller of the Currency, collapsed and died Saturday in a vault holding fifty million dollars in currency shipments to banks.
MENTIONED IN THIS ARTICLE
Washington
John C. Bulger
Comptroller of Currency
Also Mentioned on This Page
O'Henry
William Sidney Porter
Whitewright
Pace & Graves
Sewall
L. LaRoe & Co
H. G. Webster
Whitewright, Texas
Barbee
Eli Whitney
Sudan
Vaughn Grain Co
Henry Ford
Michigan
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