Corsicana Semi-Weekly Light from Corsicana, Texas on February 28, 1939 · Page 1
Get access to this page with a Free Trial

Corsicana Semi-Weekly Light from Corsicana, Texas · Page 1

Corsicana, Texas
Issue Date:
Tuesday, February 28, 1939
Page 1
Start Free Trial

Tw!c«-A-Weefe Visitor The Semi-Weekly Morning Light oarrlei local, itata and world newi Into thousands of rural hornet In Navarro and surrounding counties twice each week. Every worthwhile Item of news from every point Is •thoroughly covered. B Home of me Daily Sun and Sem Weekly Roming lightll FULL LEASED WIRE ASSOCIATED PRESS SERVICE Fifty Y«ar. of The Semi-Weekly Morning Light ha»'be«nan outstanding progressive newa]p»n«r,; working for the advancement of the rural' communities of Navarre and adjacent ooun- tles for more than fifty yean. It* raocetrU oound up with the growth of Rural life. >. VOL. LEL CORSICANA, TEXAS, TUESDAY, FEBRUARY 28, 1939. NO. 137. FRANCO RULE IS RECOGNIZED i PLANT SEIZURE BY LADOR CONDEMNED IN COURT DECISION HIGHEST TRIBUNAL SAYS STRIKERS EXCEEDED RIGHTS ? IN STEEL DISORDER WASHINGTON, Feb. 27. (/P)—The supreme court condemned toda^ the action of employes who seized their employer's plant in a sit-down strike. The decision, by Chief Justice Hughes, upheld the right of the Fansteel Metallurgical Corporation to discharge em-j iloyes who seized two key bulld- tgs of the plant in a 1837 sit-1 iown strike j Hughes characterized the "selz- I ure and retention" of the property as a "high-handed proceeding without shadow of legal right." A few minutes after the Chief Justice read his decision t the court refused to review the contempt of court convictions of SB Fansteel employes. They were charged with violating a state court injunction restraining them from continuing the sit-down strike and were given varying sentences. This was the third major decision delivered today by the high tribunal against orders by the National Labor Relations Board. The three wero the first Important defeats administered to the board since enactment of the Wagner labor act in 1935. "The employes," Chief Justice Hughes asserted, "had the right to strike but they had, no license to commit acts of violence or to seize their employer's plant." "To justify such conduct because of the existence of labor dispute or of an unfair labor practice," Hughes continued, "would be to put a premium on resort to-force instead of legal remedies and to subvert the principles of law and order which He at the founda- _tlons of society." "As responden's (Fansteel) unfair labor practices afforded no excuse for the seizure and holding of 'its building, respondent had its normal rights or redress. Rights of Discharge "Those rights, In their most obvious scope, included tho right to discharge the wrongdoers from Its employe." The two other labor opinions wero delivered by Justice Stone and Roberts. In a decision by Justice Stone, it set aside an order by the National Labor Relations Board directing reinstatement of striking employes of the Columbian Enameling and Stamping Company, Inc., of Terre Haute, Ind. Another decision, by Justice Roberts, set aside a board order directing the Sands Manufacturing Company of Cleveland, O., to reinstate 48 employes. Justice Stone asserted the board's conclusion that the Columbia company had refused, to bargain with a labor union was '"without support." Justices Black and Reed dissented In both opinions. Justice Bee SUPREMB"~CO"URT," Page a Dancer Is Slain Police •sought the brutal slugger who fatally wounded attractive 27- year-old Anya Sosoyeva (above), Russian dancer and student of dramatics, then criminally attacked her on the campus of Los Angeles City college. LOVE LIFE OF SLAIN DANCER FAILS BRING CLUE TO HER MURDER TWO MEN QUESTIONED AND ELIMINATED FROM SUSPICION IN CASE LOS ANGELES, Feb. 27.—</P>— Clues from the love life of -Anya Sosoyeva, blonde Russian dancer, failed police today In a baffling hunt for the man who beat her to death three nights ago on the campus of 'Los Angeles City College. A 34-year old accountant, Kermit Anderson, who told of "keeping company" with the former zlegfeld dancer for several months furnished proof to police that he had joined flrends in a paker game at the time she was bludgeoned. Captain D. R. Patton quoted Anderson as saying he had once lived at the same hotel as Miss Sosoyeva and during their brief but tempestuous romance she had scratched him twice in quarrels and ho had slapped her once. At San Francisco, the movie- struck victim's former home, 30- year old Stewart Johnson went to police headquarters last night, say- Ing he wanted to make a statement for the record to clear himself of any suspicion. Officer John Hunt said Johnson told of his onetime friendship with Anya, but declared he knew of no reason why ayone should want to take her life. Police here still held for further questioning Bernard Sutton, 33, janitor, who was foun din Barnsdall Park a few blocks from the college campus Friday night. Sut- S«e DANCER, Page 7 CONTROVERSY BETWEEN STATE DEMOCRATIC CHAIRWOMAN AND CHAIRMAN BREAKS OUT AFRESH LEGISLATURE WORKS ON MINOR MEASURES; AWAITING REPORTS COMMITTEE RECOMMENDATIONS ON MAJOR TOPICS NOT YET RECEIVED AUSTIN, Feb. 27.—W— Awaiting committee recommendations on major topics, the legislature plugged away today with floor consideration of secondary bills. The senate was not ready to consider confirmation of J. C. Hunter of Abilene, Governor W. Lee ODaniel's nominee for high way commissioner. Senator Allan Shivers of Port Arthur, chairman of the committee on governor's nominations, said his group would meet some time before Wednesday to order a hearing on the Hunter nomination but added no meeting would be held today. Meanwhile the senate sent to the house several bills of statewide import. They Included: Authorizing the highway department to continue matching federal funds for construction of secondary or farm-to-market roads. Allowing the game, fish and oyster commission to accept approximately $150,000 annually In federal funds for wildlife restoration projects. Making It unlawful to kill wild pollcan, a bird whose appetite for fish aroused the Ire of anglers until it was discovered recently it consumes species not eaten by man. The upper branch refused to suspend its rules and take up for Immediate consideration another bill making it unlawful to fish from highway bridges and causeways. Cause Many Accidents Senator John Reddttt of Lufkln sought to bring it up, claiming more than 700 accidents Involving bridge ant! cn«'«eway fishermen happened last year, but several colleagues objected on grounds many persona could not fish otherwise. The house spent most of the morning on a statewide soil conservation bill. The chamber was nowhere near a vote on the measure when adjournment time arrived. Rep. Bailey Ragsdale of Crockett, . the bill's author, said Texas farmers were losing $100,000,000 a year because of lack of soil conservation program. The house adopted a resolution authorizing members to spend an extra $75 apiece of state money, if necessary, for stamps and supplies. The former maximum was $100 per member. Rep. James F. Heflin of Hous- Soe LEGISLATURE, Page 7 PEACE BUT WITHOUT UNION IS DISCUSSED FOR LABOR BODIES EXPECT DIVISION OF FIELD INSTEAD OF MERGER OF LABOR UNIONS Worst Blizzard Of Year Struck Panhandle Area AMARILLO, Feb. 27,—(fl 1 )—The worst blizzard of the winter—a blowing snowstorm which' caused a train wreck, blocked highway and rail traffic and brought a sudden drop In temperature—hit the Pan- die today, An east-bound passenger train hit' several head of cattle drifting in the blizzard five miles south of D.alhart shortly before noon. The engine and tender were derailed and overturned and three cars were derailed. No passenger was Injured. Fireman J. S. Hudson of Amarillo suffered a sprained ankle when he and Engineer A. S. Walker, also of Amarlllo, rode the engine over. The overturned engine and derailed cars blocked the main line of the road, and the blizzard was BO severe railroad men couldn't determine how long It would take to clear the track. . Dalhart residents, in taxlcabs, trucks and passenger cars, braved the cold and snow to take the 20 passengers to a Dalhart hotel. The engineer said the train was moving about 20 miles per hour in the storm and that visibility waa practically zero. The blizzard moved into the Arna- rillo vicinity about one o'clock., The Santa Fe lines reported rain, sleet, snow and freezing fog. and a howling wind In all the territory between Clovls, N. M,, and Way- See BUZZARD, Pag« 7 r SAN ANTONIO, Feb. 27.--tfP>- Mrs. Frances Haskell Edmondson, chairwoman of the state Democratic executive committee, said yesterday chairwomen beingn appointed In' Texas counties were for a congressional womens' organization and not for county Democratic committees. In her statement Mrs. Edmondson noted that made at Dallas Saturday by E. B. Germany, state Democratic committee chairman, who said he had written Democratic chairmen in Texas counties that chairwomen named in some of them had no legal standing. Germany had said he did not know that Mrs. Edmondson directed tho appointments, but that the chairwoman wero namod as a result of newspaper articles quoting Mrs. Edmondson that she intended to have them appointed. Mrs. Edmondson declared: "Mr, Germany is either Ignorant ot the election laws and of party rule, or Is deliberately attempting discord and dissension in democratic ranks of the state for the purpose of destroying women's rights to be a party to the democratic structure," Mrs, Edmondson said she was preparing a letter to Germany demanding an explanation of his "actions to tear down and destroy women's suffrage in Texas." The chairwoman said she headed a congressional women's group formed of district chairwomen appointed by congressmen to keep them Informed of present problems In the area, The district chairwoman are empowered to appoint chairwomen to preside In the precincts and the electoral districts, but these appointees have no, legal status as far as election laws are concerned, Mrs, Edmondson said, WASHINGTON, Feb. 27.—,., "peace without union" between the CIO and the American Federation of Labor was being discussed in the capital today as tho possible outcome of President Roosevelt's appeal to end organized labor's civil war. Predictions were general In both government and labor circles that the two organizations, at odds for three years, would be much more likely to arrange a formal division of the union labor field than merge their forces. Although some experts were none to optimistic that even such a truce could be reached, they ox pressed certainty that John L. Lewis of the CIO would follow William Green of the AFL In accepting the president's invitation to appoint a peace committee. Lewis was silent during the week end, but Green promptly selected three officials to represent the federation In negotiations. Shortly after Green made known his position, the AFL yesterday la sued a general call for cooperation of government, business, labor and farmers in expanding production and putting men to work. It also suggested creation of a labor council to help advise tho government on economic problems. Chairman Thomas (D-Utah) of the senate labor committee told the senate today public hearings on amendments to the national labor relations act would be postponed pending developments of the peace negotiations. He said It would be unwise to hold public hearings during the negotiations, Public hearings had been sche- dufed to start March 10. Meanwhile, leaders of the AFL declared they would press their drive for congressional amendments to the labor relations act despite the suggested peace negotiations. Point of Dispute Revision of the act has been a point of dispute between AFL and CIO, thfc latter strenuously opposing any change. Tho AFL proposal for cooperation of government, business, labor and formers, contained In the monthly AFL business survey, See LABOR, Page 7 SENATE MILITARY COMMITTEE LEARNS NEW GERMAN BOMB DECLARED NEW WAR MISSLE HAS TERRIFIC DEATH- DEALING POWER WASHINGTON, Feb. 27. — (ff) — Chairman Sheppard (D-Tex) of the military committee told the senate today "the hostile attitudes of certain dictator-controlled and imperialistic nations" make necessary an "Immediate expansion" of the nation's armed forces. Starting debate on the administration's $358,000,000 army and air corps expansion bill, Sheppard said his view was based on President Roosevelt's recent message to congress. Sheppard told the senate that "we can not draw a line around the sea and land frontiers of the United States and say that this alone is what we will defend. It is not so simple as that. The Panama Canal, Hawaii, Puerto Rico and Alaska are vital links in our defense chain." Sheppard spoke shortly after the military committee had made publlo testimony by Major General H. H. Arnold, chief of the air corps, that Germany had developed a powerful new bomb about which the army had been able to obtain only scant Information. Arnold's testimony was given during committee consideration of the administration's army expansion bill, which, was approved by the committee last week and scheduled to come up for senate consideration today. Arnold was questioned about the bomb by Senator Clark (D-Mo.), who said he had been informed of It by Lester P. Barlow, an Inventor connected with the Martin Aircraft Company In Baltimore. . ' 'Clark soli) Barlorw had ~ advised him the new explosive was made of "liquid oxygen" and "would render every plane In the world obsolete because Its destructive radius is so much greater than any explosive heretofore used." "We have received reports from abroad that the Germans had this new explosive," Arnold replied. "One that was so powerful that when they tried It In Barcelona it See DEFENCE, Page 8. — . - ^ Freakish Winter Storm Damages Old New Orlean! NEW ORLEANS, Feb. 27.— W) — A hall, rain and wind storm tho worst here In 15 years, caused injury to two persons and more than $200,000 damage to property and crops in this city and the adjoining parishes of . Jefferson St. Bernard and Plaquemlnes. Charity hospital doctors took 15 stitches In the head of Mrs. Ervln Pltre, 31, and five in the head of her daughter, Lottie Ray Pitre, 3, who were injured when the roof of their home caved In. Jefferson Parish officials said the entire vegetable crop of the parish from its southern end to Kenner was destroyed. The storm, lasting no more EIGHTEEN HURT AS CARS ROLL DOWN EMBANKMENT Above are shown three of five cars of the Union Pacific railroad's "Pony Express" limited which left the rails and rolled down an embankment near Hosier, Wyoming, Injuring 18 persons. CBAMBER COMMERCE COMMITTEES NAMED BY PRESIDENT DYER OTHERS TO BE APPOINTED FROM TIME TO TIME AS WORK IS OUTLINED than 12 minutes, struck at 11:45 o'clock last night. Whether See" STORM, Page 7 A number of the regular standing committees of the Corslcana Chamber of Commerce have been announced by President J. M. Dyer and are expected to swing Into action immediately. He stated other committees would be named shortly and from time to time as the program of work was outlined. The initial list of committees follows: Executive: J. M. Dyer, C. S. Dickens, W. E. McKlnney, J. N. Edens, Joe E. Butler, Ed M. Polk, Sr., and F. W. Smith. , Membership:.,ToeE.BuUer. cb.alr- man; O. M. Rector, B. C. Mo- Donald, John Corley, H. M. Montgomery, T. L. Carlisle, F. W. Smith, Ed M. Polk, Jr., Ralph R. Brown, R. A. Purifoy, L. K. Carraway, Jay A. Silverberg, J. F. Adams, and Will Thompson. Agricultural: O. L. Albrltton, chairman; John J. Bryant, vice- chairman; L .1. Griffin, A. A. Allison, J. O. Sessions, A. F. Mltchelll, E. E. Babers, John C. Calhoun, J. P. Mayfield, W. M Davidson. Dairy: W. E. McKlnney, chairman; J. C. Buie, vice-chairman; K. D. H. Baldwin, Fred V. Blucher, Dr. L. E. Kelton, Jr., R. L. Harris, C. C. Roberts, Charles Willmann. , Public Safety and Transportation: George W. Kuykendall, chairman; T. L. Carlisle, vice- chairman; J. W. McCammon, A. G. Elliott, Edgar Rlttersbacher, W. C. McGlothlln. 4-H Clubs and F. F. A; Boys Work: Ralph W. Stell, chairman; J. H. Sullivan, vice-chairman; V. Ed Wendorf, John J. McColpin, S. L. Dublin, R. A, Purifoy. Highways and Traffic: J. N. Edens, chairman; Beauford H. Jester, vice-chairman; Ed M. Polk, Sr., Joe E. Butler, F. H. Harvey, Jr., and A. F. Mitchell. Retail Trade: B. C. McDonald, chairman; Festus A. Pierce, vice- chairman; Joo Wolens, S. J. Miles, R. L. Nix, Sydney Marks, J. M. MoGee, T. O. Muse W. H. Smith, and V. Ed. Wendorf. Beef Cattle Improvement: A. F. Mitchell, chairman; Dr. J. P. Se COMMITTEES' Page 8 Plans Completed One Day Farmers' Short Course Here Preparations were reported completed Monday for the one-day Farmers' Short Course to bo held at the Corslcana Y. M. C. A., beginning at 10 a. m. Thursday, March 2. The session Is being sponsored by the extension service of Texas A and M. College and the Corslcana Chamber of Commerce. All phases of current farm problems will bo discussed by the corps of speakers arranged for the occasion. Tho list includes Elmore Torn, agricultural director of the East Texas Chamber of Commerce; C. M. Evans of tha Farm Security Administration of Dallas; E. R. Eudaly, George McCarthy, and -Miss Jcnnlo .Comp, :aU of the extension" service staff at College Station. Opportunities will be given during the meeting for general discussion of the talks and problems. A drawing will be held for attendance prizes during tho afternoon, and the meeting will be concluded with a tour of Inspection of the Walker Frozen Foods Products store. REPUBLICAN HOUSE COMMITTEE TURNING SPOTLIGHT ON POWERS GRANTED PRESIDENT ROOSEVELT Ing a b blflty of WASHINGTON, Feb. A committee of house republicans, recently organized to scrutinize President Roosevelt's emergency powers, swung Its spotlight today on his authority to alter the dollar's value. Rep, Wolcott (R-Mlch), leader of the group, said his committee would attempt to analyze the President's monetary powers dur- broad Inquiry Into advlsi- f the United States' "continuing to live under a managed economy." The committee's recommendations, Wolcott said, may be completed in tlmo for presentation at a conference of house republicans this week. Legislation to continue the power of the chief executive to revalue the dollar, which expires June 30, comes up for consideration this week before the house coinage committee. Secretary Morgenthau recently told an appropriations subcommittee he hoped the President would be granted an extension of the devaluation authority, which • he described as "one of the most useful 'Weapons congress can place In the hands of the President to use In case of emergency." Wolcott and some other, republicans argue that uncertainty In the minds of business men .as to what use the President might make of the power proved a lead- Ing contributory, factor .to production lags in many industries., . Half the expiring emergency powers employed by Mr. Roosevelt In battling the depression already have been re-approved by congress this session. Approved for extension by both house and senate are tho lending powers of the Reconstruction Finance Corporation, the Commodity Credit Corporation, the Export-Import Bank and the Electric Home and Farm Authority. Those yet to be acted upon, In addition to the President's power to revalue the dollar, Include authority delegated to the secretary of the treasury to help stabilize International finance'through tho manipulation of a special $2,. 000,000,000 stabilization fund. What- Congress Is Doing By The Associated Press. TODAY. Senate. Considers $358,000,000 army expansion bill. Banking committee considers amendments to federal housing act. Unemployment committee studies permanent relief program. Debates House. $1,70,000,000 treasury- postofflce approplratlon bill. Ways and means'committee continues .hearings on social security law revision, . ; . NUMBER VIOLENT DEATHS IN TEXAS DURHEK-END FOUR SHOT, SIX AUTO ACCIDENT VICTIMS AND TWO WERE DROWNED (By Tho Associated Press.) At least 12 persons died violently In Texas during tho week end. Four wero shot, six Injured BRITAIN IS WARNEB CONCERNING JEWISH PALESTINEJATTERS RESTRICTIONS ON IMMIGRATION AND ABOLITION MANDATE HAVE BAD EFFECT LONDON, Feb. 27.—(/P)—United States Ambassador Joseph P. Kennedy told tho British government today drastic restriction of Jewish immigration Into Palestine and abolition of the British mandate over tho Holy Lnnd would have a "disastrous effect on publlo opinion In the United States. 1 ' The ambassador saw Foreign Minister Viscount Halifax as Jewish delegates threatened to end a conference on the long-standing Arab- Jewish controversy unless Great Britain changed a plan to maka tho Holy Land an Arab state allied with Britain, with Jews there relegated to- minority -status. - It -Was' uhderStoba'-Kehnedy-'dl* 1 cussed the situation In the light Of a convention between tho United States and Great Britain signed Dec. 3, 1024, which stated that no change could bo made In the terms of the League of Nations mandate "unless such modification shall have been assented to by the United States." Viscount Halifax was reported to have told Kennedy tho British plan was by no means final and promised no change would bo made affecting American Interests in Palestine without first receiving approval of tho United States. Tho deadlocked throe-woek-old negotiations took such a bitter turn over the weekend, when tho British scheme was submitted in outline for discussion, Americans attending the conference were understood to have booked passage homo. The British plan would end the Palestine mandate, restrict Jewish Immigration and Jewish land purchases in Palestine and shut the door to Jews who hoped to find haven there. fatally in traffic accidents, and two drowned. Terry Edlemon, 34, of Houston, wounded two women, than shot himself, police said. Ho died early Sunday. He had been charged with assault to murder in tho shootings of tha women, both of whom wero in critical condition. Near Cleburne, Charles Payne, 36, a farmer, returned from a hunt and stood with his foot on the running board of an automobile when his four-year-old son, Charles, Jr., grasped a gun In tho car and It accidentally discharged, wounding the father In the leg. Ho died en route to a hospital. Mrs. Lula Wilder, 43 of Irving, was found shot to death near there, her body entangled in a wire fence, and a shotgun nearby. Relatives said she had left a note saying she was going hunt- Ing. At Dallas Jesse Ambers was shot fatally during an argument. J. B. Asbury, 31, or Dallas, who was employed on a ranch near Water Valley, was killed In an automobile crash near San Angelo. Throe negroes were killed at Dallas when a train struck an automobile at a crossing. Near San Antonio two youths, Paul Rivera, 12, and Mails Sllva, 14, drowned in Elemdorf Lake. Raymond Sadler and Miss Lucille Fry, both of Leonard, were victims of an automobile accident neflr Denlson Sunday. Battle In Cafe, CARTHAGE, Feb. 27.—(/TV- Pete Drawhorn, 35, was wounded seriously here yesterday In a shooting which followed a disturbance In the Drawhorn Cafo. Night Watchman Homer Porter, Deputy Sheriff Elmer Chamness and Constable Corblus Akin, said more than 20 shots wero exchanged, after officers, called to stop tho disturbance, wore fired upon. They said the altercation was caused by two men fighting. Drawhorn shot twice, was taken to a Shreveport hospital, Officers jailed another man, Chamnesg was cut when a bullet splintered a window. Another bullet grazed Akin'* chin. Jews Seek Leave Germany BERLIN, Feb. 27.—(/P)—Jews 111 ed into tho central emigration office today, eager to complete German legal formalities for leaving tho country in tho hope some for clgn country would accept them. Son PALESTINE, Page S. GREAT BRITAIN FRANCE IN FORMAL 1 AGTIONON MONDAY ACTION IS GENERALLY RE- CARDED AS SIGN SPANISH CIVIL WAR IS ENDED LONDON, Feb. 27.—W —Great Britain and France today formally recognized the nationalist rule of Generalissimo Francisco Franco as the legal, sovereign government of Spain, * Their action, prearranged to come together, was gener- ly regarded as a sign the Spanish civil war, which has kept Spain In arms for more than 31 months and Europe In fear of possible contlnentlal conflict, waa approaching Its close. Announcing British recognition. In the house of commons, Prime Minister Chamberlain said ho had noted "with satisfaction" that Franco had pledged Spain to preserve her "traditional Independence," Chamberlain, addressing the house of commons, earlier said he was willing to call a world conference "as soon as ever I think It possible"—but added "the tlmo has not arrived" for such a parley. "His Majesty's government believe permanent peace can only be secured by a settlement which Includes llmlnatlon of armaments and removal of all barriers to International trade," he said. He promised a full parliamentary debate tomorrow on tho recognition Issue but was forced into a heated exchange with Laborlte ' Clement Attlee, opposition leader. Attlee accused the prime minister of violating a pledge to Inform the house as soon as the government decided to recognize Generalissimo Francisco Franco's regime as the legal Spanish government. Attlee charged thatFranc»: had been informed secretly first, : '"*- '<Nbyboiibt- of Outcome. - ^'-! Chamberlain said'there could be "no doubt now of tho ultimate issue" of the Spanish civil war, which began July 18, 3936, even it the Republicans continued resistance. (Addition of France makes a total of 28 countries granting full recognition to the Nationalists. (In Washington, the state department announced closing . of the American provisional embassy to Spain at Perplgnan, France, as a result of the collapse of the Republican government In Catalonia. (Tho office will bo merged with offlceB of tho embassy established at St. Jean-De-Luz, France, shortly after the outbreak of the civil war. (Diplomatic circles believed Ambassador Claude G. Bowers would be sent to Madrid to reopen the embassy there If the United States recognized tho Nationalists.) Chamberlain In his statement on recognition made clear It was unconditional. "It seemed to the British government Isposslble to regard tha Spanish Republican government^ scattered as It was and no longer; exercising settled authority, as >l the sovereign government at Spain," he said. Cries of "Shame!" rose from the opposition as government sup- See^RECOGNITIQN. Page 7 DRASTIC REVISION FEDERAL CORPORATION TAXES PLANNED AS GENERAL BUSINESS AID WASHINGTON, Feb. 7.—(/P)— Treasury experts are formulating drastic revisions of corporation taxes, It was learned today, to give tangible evidence to businessmen of the co-operation administration officials have been proclaiming. Tho proposed changes, designed to make business taxes slightly smaller and substantially simpler, will not bo made publlo for at least a month, a high official said, because tho treasury wants to gauge the March 16 income tax payments before offering a now tax bill. The official, who declined to be quoted by name, Indicated the revisions would be aimed particularly a,t unifying into possibly two taxes tho five different levies now paid by corporations and also at giving corporations larger allowances for capital asset losses. Ho pointed out that -corporations now pay an income tax, excess profits tax, undistributed profits tax, capital stock tax, and social security tax. Tho undistributed profit* tax, whoso Imposition In 1936 aroused a, storm of business protest, Is a dead letter In present discussion, tho official said, because tho 1038 congress substantially reduced It and provided for Its automatic expiration at tho ond of this yoar. The chief objection of corporations to present tax laws, he said, is the $2,000 limitation on deductions of not capital losses. A corporation which makes $1,000,000 profit on selling capital assets (property and securities, primarily) and loses $2,000,000 In liquidating other capital asset* See BUSINESS TAXBS7 Page & TEXAS REPUBLICANS READY TO FIGHT FOR POffERJN STATE DALLAS, Feb. 27.—(fl")—Texas republicans, believing thoy clutch the best chance to obtain state and national power slnoo the new deal came Into being, marched onto tha battlefield today. The state executive committee) flung the gauntlet during Its mooting here today, and loaders claimed a militant offensive could capture state offices and turn the state Into tho national republican column In 1940. H. E. Exum of Amarlllo war named chairman to succeed the late T. P. Lee of Houston. Speakers exuded optimism and said the now deal crackup waa shown definitely in tho November, elections. R. B. Crcager, national commlt- teeman from Brownsville, said the people wero tired of democratic) spending and would elect a republican president next year. Other speakers wero Harold D. Wilson, stato director of organlza- j tlon In Connecticut; John W. Philip of Dallas, state organization dl- . rector in Texas, and C. O, Harris of San Angelo, vice-chairman. Philip urged southerners to forget their sectional prejudice against tho republican party and join with' tho north, whore sectionalism has been burled, In "fighting for our liberties and our homos." New members of the committee ', picked were Muz-ray Sells of Long, ft, view, C. K. McDowell of Del RlB, ' and W. C. Kanyon of Amarlllo, .-'^ >JtV

What members have found on this page

Get access to

  • The largest online newspaper archive
  • 11,100+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free