The Mason City Globe-Gazette from Mason City, Iowa on March 12, 1936 · Page 3
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March 12, 1936

The Mason City Globe-Gazette from Mason City, Iowa · Page 3

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Mason City, Iowa
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Thursday, March 12, 1936
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Page 3
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MASON CITY GLOBE-GAZETTE, MARCH 12 193(5 THREE TWO DISAGREE ON Fl PLANS lowans Voice Opinions o Proposal to Put Tax on Undivided Surplus. WASHINGTON, /P--Two lowan, in congress, one a republican scna tor, the other a democratic representative who seeks the senate sea disagree sharply on President Roose velt's proposal to tax undistributee corporate surpluses. Senator L. J. Dickinson, republ can whose seat is at stake next fal viewed the proposal as anothe "share the wealth" proposal whic would injure industry, discourage in itiative and flatten down chances fo economic recovery. "On a Good Spot." Representative Hubert Utterback a candidate for the democratic nom ination for the senate, said th "president has put his finger on good spot--especially the corporal surplus." Utterback said these undivide earnings had been a favorite law yer's dodge to evade taxation whil the president's proposal would bot put them into stockholders' hand and see that taxes were paid upo them. Needs Service Consideration. Senator Louis Murphy, democra and a former Iowa internal revenu collector, said the tax proposa need ed "most serious consideration because of the possible dangers t industry. "Congress should not sound th death knell of the corporation sui plus," he said, "because that woul multiply the number of corporal graveyards. A surplus is vital to corporation to tide it over bad year --vital unless it can meet its finan cial needs by borrowing. Needed for Emergencies. "If the depression proved on thing more than another to corpor ations, it was this, that they ough to have money of their own to mee their needs at a time when the} should find themselves withou either net earnings or borrowing ability. "Proper allowance for reserves would reduce the dangers attendin] taxation of surpluses. The proposa is one which is attended with sc many dangers that it ought to hav most serious consideration. The tax by the way, will affect t increase the tax on individual incomes com prising dividends, though it will no affect to increase every corpora tion's tax." Would Destroy Incentive. Dickinson wa* outspoken in criticism cf the lax suggestion. . .. "That's just a share the wealth program," he sid, "with emphasis on the theory thai you ought to taki money away from everybody whi makes anylhing. It's a direct attack on the capitalistic system. "I don't think the country ha. any conception what a tax bill ol this kind would mean. It would flat ten the economic situation of this country down so Ihere would be nc hope for recovery by destroying the incentive to operate business for profit--the only incentive for which business can be operated. "John Mai-shall said the right to tax is the right to destroy and he's still right." Lauds Mrs. Koosevelt. D. P. Campbell, Keokuk seed store manager, is an enthusiast about Mrs. Roosevelt as a result of his most recent trip to the capital "I went to a white house tea," he said, "and was amazed at the informality and the ease with which Mrs. Roosevelt moved around among her guests. It was just like friendly group at home." Representative Fred C. Gilchrist Laurens, Iowa, republican, is wondering about the postoffice department. It has failed to submit a report on his bill to exempt cream checks from requirements that they go through Ihe postal service. Recently, however, the department sent a representative to Iowa to discuss the situation. Gilchrist says he thinks it is strange the department can discuss it out there but can't gel a report to congress. He discussed the need for legisla tion to protect creameries and farmers from unnecessary expense because of postal regulations on the floor of the house lasl week. lowan Orders Dog and Gets Shipment of 7 WEST UNION, (UP)--Mrs. William McCaleb, West Union, knows what it is to get more than she bargained for, she said. Recently Mrs. McCaleb ordered an Eskimo Spitz dog. When it arrived, there were seven instead of one. The dog had given birth to six puppiies enroute. Mrs. Cerney, Mason City, Speaks to Nashua Clubs NASHUA--Mrs. Rob Roy Cerney of Mason City gave an address to the club members at a joint meeting of the Emanon and Isabelle clubs at the Congregational church Thursday afternoon, with Mrs. F. M. Humphrey, Mason City, illustrating with folk songs. A trio, Mes- darnes C. L. Johnson, J. H. Fairlie and Bert Troutner, sang, with Mrs. E. W. Staley accompanying. Tea was poured by Mesdames Ludern Franklin and J. E. Watson, presidents of the clubs. Ship Hogs to Aid Church. MILFORD, (UP) -- Parishioners of St. Joseph's Catholic church here have found a new "mortgage lifter." Recently farmers in the parish shipped a carload of hogs, proceeds of which will go to the church, as they have since 1924, when the annual custom was started. Wards iisrea NEW MERCHANDISE * NEW ASSORTMENTS » NEW STYLES AT A WARD-LOW PRICEI S u m m e r w e i g h t s 1 Materials, style, workmanship unmatchable at this remarkably low price! Serviceable rabbits' fur felt, good quality rayon lining and soft leather sweatband. Made to the same high standards as Wards more expensive felts. YOU CAN GET Quality AT A LOW WARD PRICE MEN'S SIZES 1 98 At 1.98 you'll choose from the smartest variety of styles and patterns you ever saw at one low price! They're tailored to fit smoothly and comfortably! See them today! Boys 3-Piece LONGIE S U I T S 790 Fine Cassimere fabrics! Single or double-breasted sports back models. New patterns. Sizes 10 to 18. 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Buy Decker's Meats" WARDS 1 «- / - « . 'yd. Unusually free of flecks. Softer and whiter after washing. Of good clean cotton. 39 in. Wards Economy Quality S H E E T S . . . /" .'Pi /·'' · ,v 69 Sturdy sheets that wear well in spite of countless washings. Snowy muslin. 81x99. Wards Thrift PiHow Cases SHOE WEEK New styles! High quality! Low prices! Three good reasons why buying the whole family's shoes at Wards is a sound investment. You get the utmost . satisfaction for your money! 15' Snowy white muslin. Standard quality. Wear well and launder beautifully. 42"x36", Reversible Sewing Shuttle Action Genuine Brunswick Electric $ 59 95 $6 Down 56 Monthly Small Carrying Charg* Sews forward and backward! Streamlined head, built-in sewing light, knee control, Walnut-veneer cabinet, Greist attachments! Save up to 40%1 Four-eyelet oxfords. BlacE or brown. Smart print leather trim. Perforated and stitched. Oak leather solts. 3% to 8. Women's brown sports oxfords of the popular moccasin type. Smartly perforated style, with flexible leather soles and springy rubber top lifts on the leather heels. One of a group of exceptionally fine values at $1.59, 3J4 to , Slate Surfaced Heavy Asphalt Roll ROOFING 2 25 Roll · Heavy 30 Ib. weight · Nails and cement fnchjderf Reduces Fire Insurance Costs! Tough felt base with heavy asphalt coating. Long wearing mineral surface. 3 non-fading: colors. Roll covers 100 sq. ft. Nails and cement included. T-strap sandals with perforated trim. Fully leather lined. Long-wearing soles. JBlack patent leather. 8^-2. Note the low price on these stunning new monS straps with built-up leather heels. A brilliant example of Wards shoe values. Brown or black" leather. Also white buck finish. Sizes from 34 to 8. fSAVE Va TO % ON WALLPAPER^ AT; WARDS; j 102-4-6 SOUTH FEDERAL AVE. TELEPHONE 57 for a Trade-In on your old washer ant Tub Wasiier Regularly $52.95! S51DOWN, $5 Month, Carrying Charge With Old Washer Don't miss this great opportunity! It's the largest household size washer--the kind you would expect to find at $75 to $85! Has Wards faster-by-test double crown agitator, Lovell wringer with safety-bar release! Gasoline Engine Model, with old washer $74.95 Specials... Hilda Ihc Hired Gill Soyi: *AROS roe ME/ Wards Greatest March HOUSEWARES SALE! PADDED AND COVERED Ironing Table i Improved design makes it as rigid as t *f CQ your kitchen table 1 Made of selected 'r I " J lumber, re-inforced. jjj I^TZ C f L O T H E S P I N S ^ Round, hardwood pins. Polished no they ^«5 f* won t splinter your hands or laundry. / ^S Special for these 3 days. Per dozen. . . GALVANIZED BOILER. 13-gallon size. Leak Proof bottom. Iron drop handles ..... 5-QT. TEAKETTLE. Chrome plated copper. Won't rust or tarnish. Stays shiny ...... .... CURTAIN STRETCHER. Extends to 4'6"x 7 6 . Stationary pins ......... . ........... . AUTOMATIC ELECTRIC IRON. Chrome plated. Adjustable heat prevents overheating. IRONING PAD AND COVER SET. Punched rayon pad, muslin cover. Large size. WIRE CLOTHESLINE. 100 feet, 10-gauge. Galvanized to resist rust ........... $1.00

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