Arizona Republic from Phoenix, Arizona on February 17, 1941 · Page 31
Get access to this page with a Free Trial

A Publisher Extra Newspaper

Arizona Republic from Phoenix, Arizona · Page 31

Publication:
Location:
Phoenix, Arizona
Issue Date:
Monday, February 17, 1941
Page:
Page 31
Start Free Trial
Cancel

jovernment Expects More Revenue Than Ever Before ne 3.1111 Arizona Republic, Phoenix, Monday Morning, February 17, 1941 I*age Three ^ ^^_--Out Of America's Pocketbook- VATF - What In t*w eondMlim of the TTnltad State* treasury. n't the wopx at <1» deteniw pending program? W. B. R« c «- «tlom in thi. flr.t «f .lx dally aHlclM. u the ha.l, % r and "' IP "L'uonal tax Bltuatlon. Tomorrow: Scanning likely new tax nourccs.) jN Feb. 16— (AP)—Before congress gets through its defense program, it will have arranged for the spending amount of money than the United States poured out in of its World War spending. period that it is turning out guns and soldiers and ships and airplanes at top speed, the government expects to be collecting more in taxes than it did during even the richest collection period of the World War days. And this without any more changes «•! • than already have been made in M V ATI I i the tax scnedul es- Even more will J, 1 1/11 fc'be brought in after this year's tax bill is produced. Exceeds 17 Billions The spending outlined in President Roosevelt's budget message tled that States shrewd refunding had whit- down the interest charges so it actually cost the United less interest on a public debt 43 billions in 1940 than it did one of 22 billions in 1923. he interest charges were $1,- Oo5,923.690 in 1923. For last year's debt - ^ were $1> Retains .vrtISTON GBOVER BV'Sli. Correspom Correspondence » via Berlin) „ continental Baun the conqueror and ^nquered, Paris is by • ••- on the surf ace. ^..m Berlin, a city r during wartime foods-and liquors ible in Berlin. • inspection was it BMJSSSS 7^*supplied, than those S M«aae» Are Thinner £ dtowances are thinner, M tightly rationed Ger- will run to $17,500,000,000. To this must be added whatever aid is finally voted for Great Britain and the other embattled democracies, either in the present Icnd- lease bill or in other defense plans that may be involved before the end of the 1942 fiscal year June 30 of next year. Even if the aid to Britain is held at the minimum amount that is mentioned, the national spending record of 1919 will have been excelled. That would add two billions to the 17 H already budgeted. Other odds and ends might easily bring the total to a minimum of 20 billions for fiscal 1942. The top World War figure was reached in fiscal 1919, covering the last half year of the war and the first six months he has of the armistice and peacemaking $18,885,000,000. 'fte cost fe high, although ,t oreful' examination it be lard to say how much , jinn jn Berlin, flthont sny question Paris' t-inotisre gayer than Beik. TteCernuui capital never 1 -Jiek HP «* heel8 to the „ rasimer; so it may be that contrast with Berlin is de- sodthst Paris by com- «tth prewar da>-s, is rabdued. ,, jtrict police regulation of » clow au night clubs prompt- j 11p.m. Reputedly there me or two which have man; to obtain permission to stay can hour or two later. Paris, while there is an official jg time, countless exceptions afl. Many of the most popular aniants with floor shows go tflt until 3 a. m. and later. lat means guests either must : hone or hunt one of the few lining horse cabs in the city, tenan restrictions on gasoline i driven all motor taxis from itreets and the subways quit ting before midnight C. & Muiic b Popular r an odds the most popular i in Paris night clubs is Amer- tto which a number of German as always listen but few dance. a the night life is not an ac- K representation of what has illy "happened to Paris since • pe up before the German drive Vane. train scenes are duplicated in lung lines of women shoppers flag Wore stores for milk, Sand other food supplies. Many 6 of clothing still can be bought tat ration, but prices for the r qualities of goods have soared tin tome instances doubled. There are not to many Geru wldien on the streets as • had been led to expect, but mrfwhere they are apparent, wettaes singly, some times in Pops being led by guides out the sights of toe is no great evidence pub- fof French dislike for the oc- Hion troops, who. neutral ob- ra say. nave been conducting selves in strictly orderly man- Americiiis Treated Well iwever, the same observers say slowness with which French less and. industry is reviving «r regulations imposed by the ™ns has cooled earlier enthu- lor co-operation with Ger- probably are 300 Amerl- i remaining in Paris despite the « [department, advice of long to St out And the Americans . S5* Boated with conslder- » by German offidali. Honors fenum H.Davis KIPS*, ^b. 16-(AP>- sent to Poland on a non-sectar- Davis ce into the Port 0( Genoa $1,000,to relieve to of the to the pert ani- despicable hatreds war" Davis said, pe&od. It was Twenty billion dollars is not cow feed. A man with 20 billion dollars could give a shiny new automobile to each man, woman and child in the six New England states, plus New York City, and have enough left over for a fleet of yachts and plenty of popcorn for himself. He could give S150 to each man, woman and child in the United States, enough to supply each average-sized family with $600. The biggest tax yield the federal government has ever had was in fiscal 1920 when income taxes, excess profits and a wide group of excise and nuisance taxes were threaded together to catch the overflow from 1919's topmost federal spending year of the World War period. This netted seven billion 'dollars of revenue, just about the same amount the treasury figures it will get for fiscal 1941 which ends with this June. But for the 1942 fiscal year- even without a new tax bill—the treasury estimates, built upon the fact that it will get a full year's yield from the new tax increases and the confident expectation that rising national Income will set more people to paying bigger income taxes, call for collection of SVi billions of taxes. One Big Difference That is enough to give a thousand dollar automobile. to each man, woman and child in the state of Illinois. It represents $62 from each person in the United States, a sum that would sound considerably larger if it could be apportioned among the taxable population. There is one big difference between the World War period and the present that does not show in the comparative figures on spending and tax intake. In 1916, the public debt stood at about a billion and a quarter dollars. The treasury brought in 4S millions more of revenue that year than was spent, though the three preceding years had seen small deficits, two of them for less than half a million dollars. As the World War spending mounted, the nation saw three more deficit years, two of them years in which the government spent nine and 13 billion dollars, respectively, more than it got in revenue. Public Debt Fulled Down Despite the heavy taxes of the period, these deficits lifted the public debt to a 1919 peak of 25 billion dollars. The per capita debt had stood at $11.96 when the war started. It was $240.09 a person at the World War peak. From 1920 until 1931, the government turned up regularly witti more money coming in than it had going out. in spite of tax reductions of that era. The public debt was pulled down to a little under 17 billions, a per capita of $135.37. In 1931, the series of depression deficits set in. The government broadened its policy of public service, began to spend more. The debt rose again, billion by billion. At the end of the 1940 fiscal year, it stood just under 43 billions for a per capita debt of $326.43. It is now nudging the old 45-biUion-dollar roof that congress had laid upon the public debt—and through which it had to saw a hole last year when the defense drive started. Shrewd Refunding Aids The federal government was paying a little less than $23,000,000 of interest on the public debt when the World War started. At the peak of the World War debt, it was paying lust a billion dollars more than that. By 1932, the interest charge had gotten down to just a shade under 600 millions. By 1940, it had crossed the billion dollar mark again. But, despite the fact that the public debt was almost twice as large in 1940 as in 1923, a revamping of the debts WATER &MONEY S 0FT WATER <£^ IT Oor """B Sott plan ol • low , your actual cash sav- Pay ^ oosl of Havin5 ***• th * ter *>ttWanL Phone us for FREE Wai *» equipment to Buy. WATER SERVICE !>ouglass McPeak, Mgr. St Phone 3-1812 High Debt, Low Interest Thus the situation stands at the beginning of another rearmament period. The government has a high debt, a low interest rate, a tax machine that is producing revenue at a pace equal to the all-time high. Yet its rates, in many respects, are not as high as they were during the World War peak, nor does it cover quite as broad a field. Each war period through which the nation has gone has lifted the level of spending. Before the war of 1812, the total federal expenses ran at $10,000,000 a year or, usually, less. Afterwards, they sagged to 15 millions only once. The highest spending year before the Mexican War was 40 millions, and that reached only once. Afterward, the low mark was 44 millions. The peak before the Civil War was 82 millions. Afterward, it never fell lower than 265 millions. Top spending before the Spanish-American War was 448 millions. The low afterward was 607 millions The top before the World War \\-as just a shade more than a billion dollars. Since then, the government never has spent less than four billions a year, no matter what party was in power. Letter Shows Heroic Spirit Another example of the indomitable, heroic spirit that has become the commonplace in England was received here last week by Tom H. Evans, 1906 West Monte Vista street, Phoenix contractor, in a letter from his sister, Mrs. Eliza Greenhalgh of No. 4 Blenhien avenue, Whalley Range, Manchester. The letter was a welcome relief to Mr. Evans as it was the first letter he had received from his sister in almost two years and confirmed the fact, however trying may be the times, she is "still an Evans x x x and still trying to work to keep going". In her letter, Mrs. Greenhalgh expressed her joy in receiving a letter from him for the first tune in two years, although he had written several to her in that tune. She said •he had written twice before. War certainly has been no respecter of the Evanses' correspondence. Manchester, in the heart of the industrial English Midlands, has been subjected to some of the Nazis' severest air raids and the Phoenician's sister has not been spared. "I should not like you to see the conditions I am living in at the present moment," she wrote, "and I am not alone—there are hundreds more. All I can say is I thank God He has spared my life up to now. I have not any roof on my home and am not as good in health as I should be. "I cannot tell you too much and I dare say you know quite well what is going on." She referred specifically to the pre-Yule visit the Nazis paid the British industrial sector. "He (obviously Hitler) paid a ruthless visit the Sunday before Christmas. You would not see the same old England you left." (Mr. Evans left his native country 32 years ago.) "Anyway, I know what you would say to me," the message continued, " Keep your chin up'." And then—"I am still an Evans. I am still trying to work to keep going." The letter closes on "a business as usual" note with references to mutual friends of the Evanses who send regards to the Phoenician, 6,000 miles re- . moved from the scene of his childhood, now largely devastated. Written on January 14, the letter was almost a month on the way. On one side of the envelope was pasted a label tersely testifying to a country at war—''Opened by Examiner 5714." Carbon Monoxide Kills Young Trio HASTINGS, Mich., Feb. 16— The bodies of three young persons, the victims of carbon monoxide poisoning, were found today in an automobile parked on a secluded road along Thornapple river. The dead were Miss Ruth Woodruff, 24 years old, Hastings; and Raymond W. Serven, 21, and William A. Rogers, 18, Middleville. Glen Bera, sheriff, said fumes seeped into the automobile, whose motor still was running, through a punctured muffler and loose floorboards. Line Crossing Is Made Easy By JOHN LEAR NEAR QUITO, Ecuador—(Correspondence of the Associated Press)—I am standing right smack on the equator, and can't feel a thing. I'm not even perspiring. . . . Quito is more than 9,000 feet above sea level. Then how can I be sure I'm on the equator? Well, there's a line painted In white on the ground here and a monument which says this is the equatorial line. It is said to be the only spot in the world where the line actually is marked off. Tourists like to come here and stand with one foot on each side of the line. Others make a ceremony of stepping over the line and recording the precise moment. Some jump back and forth and then write to the folks back home, "I crossed the equator 16 times in three minutes today" or some such dramatic message. Tackles Housing Problem Little Ecuador has tackled a self- sustaining low-tost housing program for wprkingmen which seems to be working out. The money comes from the funds of Ecuador's four-year-old social security system, to which the \vorker and the employer each contribute an amount equal to five per cent of the worker's salary. After 20 years the worker may retire on a pension equal to 60 per cent of his salary. Loans from the funds are made to workingmen for construction of houses, payable in 20 years, with the government taking a mortgage on the house as security. Colony Is Begun Nine families driven from Spain by the Civil War have arrived to begin a farm colony in a fertile valley of the Andes. The New World Resettlement Fund, Inc., which brought them, hopes to bring in 5,000 families to help develop Ecuador's underpopu- lated rural regions. Bodies Of Two Yielded By Lake LACONIA, N. H., Feb. 16— (AP)—The bodies of a man and a woman were recovered today from the bottom of Lake Winnisquam, where an automobile plunged through the ice yesterday while crossing the lake. The man was identified as Clyde E. Nutter, 38 years old, Gilmanton, N. H., garage owner. The woman was not immediately identified. She was about 35. Police thought at first the woman was Nutter's wife, but later learned his wife, an expectant mother, was at home. Motoring Is Vaudeville Show ********* Cavalcade O'f Cockeyed Occurrences Takes To Highways, With Odd Results NEW YORK, Feb. 16— (AP)— xou may or may not be safe on the highways these days, but the way things have been going, you ought to get a good vaudeville show anyway. The Cavalcade of Cockeyed Occurrences last week was mainly a motorcade. A truck in New York hit a parked car and then five care hit the truck ... A parked car rolled down a hill in Idaho Falls, Ida., and disappeared under a haystack. . .. An Irvington, N. J., man who won a national award for seven years' safe driving was discovered to have been driving without a license ... A Santa Clara, Calif., motorist, arrested for going 60, blamed it on a very strong tail wind—a very STRONG one... And a Fulton, Mo., man got a $10.50 auto license for 50 cents, because on the way to the license bureau he hit a wolf, bounty $10 ... The victims of a drive on illegal parking in Boston included 50 policemen, the attorney general of Massachusetts, and the governor . . . And a Pueblo, Colo., jury acquitted a man of a drunken driving charge, but convicted a back-seat passenger on the ground that he was better able to pay a fine. Discoveries of the week: . . . In Waterloo, N. Y.t A cross- eyed cat with seven toes on three feet and eight toes on the fourth ... In New York City: A man who makes his living imitating a rabbit . . . Progress department: ... A Charlotte, Vt.. minister instituted "town meeting" church services, where the congregation can talk back ... And the Merchant Tailors Association announced bright-colored linings for suits, so men can indulge their passion for color invisibly ... A Detroit prize fight ended in a double technical knockout ... A Savannah, Ga., woman got a letter that her husband mailed her before they were married ... A St. Louis holdup man, asked by a victim how business was, replied: "Fine—I'm making about $100 a day" . . . And a Minneapolis man was so exasperated by his In-laws that he wrecked all the furniture in his house. o Questionnaire Gets Startling Answer CHARLOTTE, N. C., Feb. 16— (AP)—Selective service Board No. 4 here mailed a questionnaire to a man at the address he gave. The envelope was returned undelivered and on the back was scrawled this message: "Listed Ruben have done left me for three monnts and I don't know whear he is this is his wife telling ya this." structor In Chicago, then retired last June. Mrs. Searle remained in Des Moines, working In a book bindery. Recently he wrote a letter to Mrs. Searle, she answered and the reunion followed. Jews Honor Willkie LOUISVILLE, Ky., Feb. 16—(AP) Wendell L. Willkie today was voted the annual award of the Jewish War Veterans of the United States in recognition 'of his "outstanding example in leadership in promotion of Americanism and democracy." Couple Reunites After 33 Years OMAHA, Neb., Feb. 16—(AP)— Mr. and Mrs. George I. Searle of Des Moines were reunited in marriage here today after a separation of 33 years. They were married the first tune in Des Moines in 1905, but were divorced three years later because of a little misunderstanding." Searle spent 30 years in the army, including eight years as a cadet in- ^aaa«»aaaaanaaaaaMaaaa When Your Doctor PRESCRIBES •yOUK doctor's prescription calls for certain drugs to correct certain conditions. Nothing else is quite as good or he would have so prescribed. We never substitute. That is why we have the largest stock of drugs in the state ... all kept properly under correct temperatures and conditions. FAST FREE DELIVERY 'TIL 10 P. M. \AIAYI AKIIVQ PRESCRIPTION WATLANU3 PHARMACY . 13 E. MONROE Professional Bldg. PHONE 4-41U •Handy Huit says: r BU- ' You can have HOT WATER Anywhere with BU-GAS Service. BUCAS TlafunaiCfa^.FOK HOMES BEYOND THE CAS LINES FANNIN'5 FIVE POINTS Free P«ki«i Hindsight and Foresight- Life Insurance is a Career Today An eighteen-year-old boy writes me: "I am entering coBege^i«» Fall, and want to plan my course with an eye to my business future. Win you please tell me frankly what qualities I should possess to be a successful life insurance agent?" Tou'should be a man with a sincere interest in and sympathy for human beings. If you sincerely like people and if you can get deep and enduring satisfaction from the knowledge that your efforts have served to lighten the economic burden and make more bearable the misfortunes of others—then you possess a most essential quality of the good fife insurance agent You should be able to discipline yourself, and manage yow own work. By the time you start your career, you will perhaps have taken courses on life insurance in college, and your company will no doubt put you through a course of intensive training-but after that you will be more or less on your own. Tou will meet stiff competition, not only in selling, but in rendering service. Selling will be only a part of your job. You .should acquire a knowledge of some of the essentials of economics, finance, business organization, taxes, estates. You will spend much time in advising your clients about their existing insurance and in keeping yourself informed about their changing circumstances. You must make yourself the authority on family security in your community. Life insurance is not an easy path to great wealth; a few agents at the top, as in most other businesses and professions, do make substantial incomes; the average agent can. took forward to a good living. If you want to "make a kflflng," you wiH not be happy In Bfe Insurance. The American people beHeve in life insurance and are entitled to a professional type of service, from agents. If this kind of work appeals to you there is a career for you in life insurance. PmUfBt. bndnue at Life THIS HKCDLAK MONDAY COLUMN la pra*U«» br Uu larfnta to pan* ha dwrt to ipeak to the 64 million Americana who own Uf« Im«ranc«. Addraaa laajoilk* a»« «f life lararaua, 6O EaM 42nd Sc, N<« York Qlj. /1 -. f ..^. HEATING EQUIPMENT for Coal, 03 or Gas: American Bouen and Radiator Heat—SUNBEAM Warm-Air Furnaces and Winter Air Condition- »—'JStattdawT PLUMBING FIXTURES In white and 11 attractive colors. Consult your Heating and Plumbing Contractor RADIATOR Heatint •tul Plumbing *r» too important to health to b,, n - truttfd to mnyont bat H»*t- Inf mndPlambint Contactor*. • - ' C«|)jii t !itl»U,lBletlciBBlillllot*6und«ldB»nltiirC«r»Ofmaoil' Cart Iron fc Steel Boflerj k Fumace« fff Coal, Oil, Gal . Radiator* . Cait Iron Enameled * Vitreoua China Plumbing rurturai * Humbera' Bran Good. . Winter Air Conditioning Unit. . | t;oal 8. GaVWataHeaSV . Oil finmera . Heating. The BOSTON STORE 250 WHAT TREMENDOUS New 50 SUITS 29 2 Pr. DOUBLE the Wear Every suit a new spring pattern. Every suit a fine all wool material. Regulars, long and short models in single and .double breasted styles. Hard finished worsteds, fine herringbone tweeds with contrasting gabardine trousers to match. Bines, greys, brown and tans. Wonderful snits for this special price. Buy now, wool price* are going up I YOUR NEW SPRING HAT IS HERE! *5 STETSON Playloy Finest featherweight felt with snap brim. Every new spring shade. Absolute tops for Phoenix wear. New Spring: shade* / , .50 Other hats,* from 1.95 BOSTONIAN HATS by Dalton Every width brim. New pastel shade* for ami. Various bands. Very lightweight IHB HAM'I UOP, MAIN FLOOB

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Publisher Extra Newspapers

  • Exclusive licensed content from premium publishers like the Arizona Republic
  • Archives through last month
  • Continually updated

Try it free