Senate Finance Committee Sets Rate At Thirty Three Percent
The Senate Finance Committee approved a decision to raise the rate to thirty three percent. The action affects taxpayers and businesses awaiting fiscal guidance from the committee.
29 Aug 1917
Page 1
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 23 articles. Subscribers can read the full text of each article.
Newspaper
Wilmington Dispatch
Location
Wilmington, North Carolina, United States of America
Date
Aug 29, 1917
Page
1
The Senate Finance Committee approved a decision to raise the rate to thirty three percent. The action affects taxpayers and businesses awaiting fiscal guidance from the committee.
The Senate Finance Committee approved amendments to war profits taxes raising the rate from 26 to over 60 percent for higher profits and adding exemptions tied to income and actual investments. The panel projected the levy could raise about 156 million of the 3 billion war profits estimated this year. Senators Gore and La Follette, present at the session, urged stronger taxation but did not attend today’s full committee meeting.
Six men and a boy detained in connection with a payroll robbery at Westside foundry. Suspects allegedly fled in an automobile after taking about $9 100 from the payroll. Police, aided by informants, continue to question patrons and look for additional accomplices. Carrio, president of the Cleaners Union, is held as a witness or suspect in the case.
The wheat fair price committee continued meeting in Washington at noon to fix the 1917 crop price. No announcement time indicated.
An Atlantic Port report says a British merchant ship captain, rescued after his steamer was torpedoed, witnessed a German submarine destroyed by a bomb dropped from a British cruiser. The submersible disappeared as the cruiser closed in and fired. Two German sailors were saved. the rest perished with the vessel.
Baltimore announces the election of HW Marvin Underwood as general counsel for the Seaboard Air Line Railway Company. Former assistant Attorney General of the United States, he will take the post September 1 and succeeds Judge Legh R Watts as consulting counsel after 43 years with the line. Underwood, a Georgia native and Vanderbilt graduate, led railroad cases including the Adamson law before the Supreme Court.
At a national railway conference in Moscow on August 29, representatives warned that transport disorganization could halt by November, threatening home front and army needs. They urged sacrifice of personal interests for the country as leadership pledged stronger army discipline and limits on soldiers’ committees to restore order.
Senator Stone of Missouri, chair of the Foreign Relations committee, challenged reports that he planned a peace resolution. He spoke in the Senate on the War Tax debate, denying any such intention and criticizing newspapers for the implied motive.
New York report shows 1946 saw the most suicides among residents born in Germany, with Austrians and Russians next. Dr. Shirley Wynne, health department statistician, notes a drop in personal crisis reports from the war years but a rise in the early war period.
Monsignor Thomas F. Kennedy, rector of the American college in Rome, died after a long illness. A Pennsylvania native, he led the college since 1901 and had been ill since 1914 with health failing gradually.
The Beuste Nachrichten of Munich reports strong Japanese troops concentrated in Manchuria and speculates on moving them to the Russian front. It notes improved railway facilities and rolling stock since the war, which could hasten or delay such an operation.
Argentina and Germany reached a settlement over the Toro sinking and sea rights. Berlin agreed to indemnify the vessel loss and to recognize freedom of the seas for Argentine-flag ships, given Argentina avoids flag traversing restricted zones.
Steamships traveling from Bergen report hundreds of drifting mines along the Norwegian coast. The extent of the mine field is believed to be large with additional mines found off northern Norway and in the Arctic Ocean.
Rome reports Italian forces advancing on the Bainsizza plateau have reached a strong Austrian line and are assaulting it. Gains were also made on heights beyond Gorizia as the war office issued the update.
President Wilson rejected the Pope Benedict XV peace proposals, arguing a durable peace must be built on the faith and will of all peoples and not on Germany’s promises. He warned a German-led settlement would renew world domination and require concrete evidence of German resolve.
Telegrams from across the United States poured into the White House on August 29 praising President Wilson's reply to Pope Benedict's peace proposals. The broad-based show of support highlighted national endorsement of the administration's stance in the peace negotiations.
Arthur F. Cummings and James Upstone of Nashua New Hampshire filed a bill in equity in the Federal District Court seeking appointment of a receiver for the Royal Arcanum fraternal insurance order. They allege impaired funds from doubtful investments and insolvency to meet obligations. The action follows a prior recission of a temporary receiver appointed by the lower court.
Greensboro August 29 A federal judge opened injunction proceedings challenging the new federal child labor law set to take effect September 1 The case involves Roland H Dagenhart and his two minor sons Reuben and John with the Department of Justice and other parties acting as defendants The suit questions the law prohibiting under 14 employment in interstate commerce and limiting 14 and 16 year olds to eight hour workdays Also named is United States District Attorney William C Hamner Professor Thomas I Parkinson of Columbia University serves as leading counsel for the plaintiffs
In a tense shift, Teutonic forces press into Moldavia prompting renewed alarm in southern Romanian regions. Military leaders assess frontline positions while civilians brace for possible relocations and shortages.
Stormy weather slows operations as Russian units retreat on the southern Romanian front. The Austro German drive toward Moldavia continues with Teutonic advances near Ocna Pantzin railway while British raids yield prisoners. German counterattacks push the British from positions northeast of Frezenberg.
In Tampa Florida on August 29 Rodriguez was found hanging in an out-house by his father. He had received his draft examination call from the district exemption board and had not been seen for hours, troubled by his prospects of induction.
The Associated Press reports New York on August 29 that the price of silver continues its rapid upward movement. Today silver is quoted at 89 3 4 cents per ounce, up 2 cents from yesterday.
A Norwegian steamer named Kongsli was sunk off the Spanish coast while en route from Saint Nazaire to the United States. The incident was reported by a Christiania telegram forwarded via the Morning Post. The Norweigan Frigga, a 1046 ton vessel, was also sunk by a German submarine with the crew saved.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.