The Mason City Globe-Gazette from Mason City, Iowa on February 22, 1934 · Page 9
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February 22, 1934

The Mason City Globe-Gazette from Mason City, Iowa · Page 9

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Mason City, Iowa
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Thursday, February 22, 1934
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Page 9
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FEBRUARY 22 1934 MASON CITY GLOBE-GAZETTE NINE 10 MEAT PACKING FIRMS ACCUSED Wallace Claims They Acted in Combination to Rule Retail Prices. WASHINGTON, Feb. 22. /!-Secretary Wallace filed a complaint against 10 meat packing companies today, charging they acted in combination to control retail meat prices. The companies named were: Armour and company, Swi£t and company, Wilson and company, ilorria and company, the St. Louis Independent Packing company, Abraham Brothers Packing company, Cudahy Packing company, Jacob Gold Packing company, John Mor- roll and.company and the Memphis Packing corporation. The charge was filed by the secretary under authority of the packers and stockyards act prohibiting unfair trade practices, which also gives the secretary .power to institute proceedings and compel packers to submit evidence. The hearing was called to begin April 9, at the federal building in Jackson, Miss. Your IncomeTax No. 20. Bad Debts--Year in Which Deductible. To be allowed as a deduction from gross income, a bad debt must have been determined by the taxpayer to be worthless within the taxable year tor which It is claimed and, where books are kept, it also must have been charged off within the same year. The necessity for this provla ion is obvious. If a debt could be da ducted without the requirement tha it be charged off the taxpayer's booka, the certainty of its worthless ness would be open to question Neither the taxpayer nor the gov eminent could be certain that a deb would not be claimed more than once. If a bad debt were allowed as a deduction, without regard to the year when it became worthless, sucl charges could be accumulated to b deducted in'a year when there wa a large Income. The burden is upon the taxpaye to show that a debt claimed as i deduction was without value dvirinf the taxable year. A statemen should be attached to the rotur; showing the propriety of any de tluctions for bad debts. If in th exercise of sound business judgmen ·jf taxpayer concludes, after makln every reasonable effort to determin whether there is likelihood of recov cry, that the debt is of no value, de » dviction for such debt is allowable 8»i Coprt action as proof that the deb '' is worthless is not essential. It is optional with the taxpaye: in a year prior to that in which debt becomes wholly worthless, t take deluction for partial loss partial worthlessness occurs. If can be shown that upon maturity o a bond, mortgage, or note evidenc ing a debt it will not be paid in ful the partial loss is deductible. Would Pay Diplomats Abroad According to Foreign Currencies WASHINGTON, Feb. 22. Iff)--An administration bill to authorize payment of United States diplomats abroad in amounts to maintain their salaries on a parity with fluctuating foreign currencies was passed by the house today and sent to the senate. ASCEND THRONE IN BELGIUM LAIRD'S SHOES Are always in good form. THEY FIT THEY AHE-STl'IiED JUGHT THEY __ 14 E. State St. Where Shoes Are Really Fitted FUEL PUMP and CARBURETOR SERVICE Central Battery Electric Company Here ure Itelglmn's new rulers, King Leopold utid Qiioaa Astrid, who ascend the throne of the little European nation following the death of King- Albert, killed In a full while mountain cJlmljinK- iiwir Nnninr. Tim nmv king Is 82 years old. He married Princess Astrid of Sweden In 192G. Inset, the twti on llieir wedding iluy. Under Orders of Argentine President After Revolt in San Juan. MENDOZA, Argentina, Feb. 22. ;/P)--Acting under orders of President Justo, Geu. Ramon Jones with federal troops today began restoring order in San Juan provice, following a revolt yesterday which overthrew the provincial government. Rebels last night burned the parliament building. Order was restor ed when General Jones took charge, which leaders of the revolt said meant federal rule, which wns their aim. The number killed In the fighting was placed at 21 and the wounded at the same number. Federico Cantoni, governor of the province, continued missing and it was believed he would remain in hiding until Justo decides whether to restore him or to continue the interventorship nn der General Jones. Real Atmosphere of Circus in Hippodrome at Cecil Theater Although presenting a bona fide jircus within the rather limited boundaries of the stage of the Cecil theater would seem to be fraught with numerous difficult problems, the Royal Hippodrome organization solved them all and took the Ccc'l audience "under the big top" Wednesday for real circus entertainment of a high quality. Clowns with a clever repertoire of amusing tricks, a trio of trapeze artists, trained ponies, expert tumblers and, last but not least, a troupe of clogs--the Alpine Wonder dogs--in one of the best acta of its type ever to show in Mason City or elsewhere. Most of the tricks performed by the dogs were done on a rapidly revolving table where .they not only kept their feet with ease but executed several remarkable maneuvers. The "head man" among the canines leaped over a four foot barrier at each revolution of the table and finished the act by doing a number of complete backward somersaults. The circus, which will show through Friday, is managed by H. S. Stanbery. Admits Attempt to Collect Second $50,000 From Jake Factor. CHICAGO, Fch. 22. i.-Vj--In the course of a grueling cross examination today, Basil "The Owl" Banghart admitted that he was one of the men who attempted to collect a second 550,000 in ransom money from John "Jake" Factor. Caught in a maze of questions from the prosecutor, when he appeared as a defense witness for throe Touhy gangsters accused of the kidnaping, Banghart said that he and Isaac Coslncr, who has since turned state's evidence, tried to collect the extra money as a "shakedown." A few minutes later, he testified that Factor himself arranged the second payment, in a meeting with Costncr and Banghart on Aug. 9, "on a street in Maywood." Convince Government. "He said ho wanted to convince the government he had been kid- naped," said Banghart. "He said two government friends of his would deliver the money, and wouldn't have any g-uns." He denied any part in the kid- naping itself, however, and insisted that Costner had not taken part, cither. Costncr did not come to Chicago until July 19, seven days after Factor's release, Eanghart insisted. Blinking aa Prosecutor Wilbert Crowley rained ironic questions at him, Banghart declared that he and Costner met Factor on Aug. 9, for a conference over the second instal- ment, of ransom, and discussed it In a street in Maywood, a suburb. Scon Oiil in Woods. His admission that he took part in the attempt to collect the second 550,000 came when Prosecutor Crowley asked: Q. And you never saw the people who testified they saw you out in the woods, when the police were hunting the men who tried to collect the extra $50,000. A. Yes. Q. You were out t h e r e ? A. Yes. Q. You made a contact that day, to get the money? A. Yes. Police, testifying previously in the case, had identified Banghart as one of the men they laid a trap for, after a second payment had been demanded for Factor. It seems there is danger in carrying courtesy too far. On the Chicago elevated a man gave a woman a seat. She fainted. On recovering she thanked him. He fainted.--Rochester Times-Union. The furnace will not perform in a high-grade manner unless you feed it high- grade coal. Be sure of the quality of your coal. Order from us. Phone 3606 COAL C0. 302 South Monroe Avc Life Prisoner Tries to Gouge Out Eyes to Obtain Parole JEFFERSON CITY, Mo., Feb. 22. (.-'?)--Missouri state penitentiary officials said today James Creighton, serving,a lite term for murder, attempted to gouge out his eyes apparently in an effort to obtain a parole. They said he used a razor sharp knife fashioned from a finger nail file. Ci-cighton was taken from his cell to the prison hospital. Physicians said he might lose the sight of both eyes. Fort Dodge Man Hit by Train and Killed FORT DODGE, Feb. 22. (.Ti--Earl Shekcr, 26, was fatally injured today when he was struck by a Chicago Groat Western train while working on the ,railroad underpass on highway IsV 1G9 near here. Shekcr wns drivingk a truck aom.s? the crossing when the train hit him. Ho di-^d w i t h i n n few niinules. Brings VALUE RUARY 240, Style! Value! Smart Spring Amazing Price Successes! Spring FROCKS Crepey Woolens Self Trimmings Swathed Necklines Graceful Sleeves Dark Colors or Pastels what ti fashion story these Coats Lull! What remarkable value they show in every detail of design ami fine workmanship! Your Coat is here . . . to help you look your best and save you money too. HAV.CONY FLOOU! 3-lb. Cotton 39c NEW! SWAGGER SUITS Fresh from New York with new style ideas! Fresh charming colors. White, f l u f f y lingerie trim. Rhine stone buckles, buttons, clips. BALCONY FLOOIt! LATEST SI'RING HATS Gauntlet Gloves Engineer Special Only -I r P A I R . . . . I D C "A Value Scoou" Crisp "New Dress-up" Styles look well a n w h e r e ! rtunk of it! A high grade xEti inch Terry Towel at this low price. Colored stripe borders PENNEY'S SPORT OXFORDS TUBFASTl Another free for every one that, fades! Not the kind of dress you'd expect at this price! Wait till 3 r ou see them. Size 1-1 to 52. BALCONY FLOOK! Thick Terrv Largo white Cotton, ry EACH t* C Plain nml checkered centers. Closely knit. Long wearing. 12x12 inch size at Grand--for comfort . . . f o r service . . . for economy . . for sport--for school. WOMEN'S CHARDONIZE Work Sox lOc Ju.st the thjng for these early mornings. Brown or black color. Jersey knit with n medium fleece. Size* 3G to ·!(. 2fiO neeillcpoint picot top. Good looking-, too. Reinforced where the most wear comes. Another "Value Hit " Once again Pennoy's load with a heavy knit-wrist work glove--a n;at value hit for, pr. CHILDREN'S MERCERI/JCI) COTTAGE AND PRISCILLA Curtain Sets Supporters "Your Chance to Save Children's Pin-on. Black ° r . 10c Examine the fabrics--the excellent patterns. For comforters, .slip covers, drapes. Yard Luck for your windows. Right when you want to freshen up, too! Ruffled. Quality we can't hope to duplicate at this price. A great money saver. Mothers, "stock up!" And What Value! "JIMMIES" Drapery they're ike wildfire! Rayon Dnmnsk Beautiful. With lierel Just received our new Sprint? line of Topcoats for Uic little fellows! Plain navy tan or J 3 U H U U I U I . y O 36-in. wide «5"C Made of a hard-wearing satijor- «rrf (can't- shrink) material called Gabertexl Sizes 1 lo 8. /''or Spring Spring Patterns Bright Listen! You'll hear It! Everywhere men with a critical eye for style and a sharp one on their pocket- Mcn's Fur Felt HATS hooks are saying: "You can depend on Pcnney's for sounrl clothing values." Good for many purposes --homes, office, car. Pin. up in r yd. pkg., 5 yls. 36 inches wid "J. C. P. Rluc Chambra} Our own "Ox- h i tl e" in n k f, Comes in stripes or plain blue. Ano t h e r "Valui.- Hit." Sizes 2 t(. 3. 1'ancy Patterns Plain Made for service--priced for savings! Compo sition solos: Leather insoles, micl.solon, counters Moisture re.itstini:! I'hey'rc Breaking All Value Records Men know "J. C. P." label means full c 111, long wear and lowest possible p r i c e . 14',-. to 17. Compare this vnlue. A special purcnusc made this value hit possible Wide Elastic, i p E A C H . . . I D C Sturdily reinforced Fit all points of Hoys strain. Made: of heavy 2:20 blue denim. Triple studied. or Men 3 f o r . . .

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