Arizona Republic from Phoenix, Arizona on February 18, 1941 · Page 35
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Arizona Republic from Phoenix, Arizona · Page 35

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Phoenix, Arizona
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Tuesday, February 18, 1941
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Page 35
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one 3-1111 Higher Wool Prices Seen Arizona Republic, PHoenix, Tuesday Morning, February 18,1941 Out Of America's Pocketbook Page Three wool growers are enter- annual shearing season ' prospects in 10 n ie W. Lee, sec- Arizona Wool Grow- in, reported yesterday, the U. S. War De- through the priority ormnp'pd to fisk bids , n 3 8 ns that will cost together a new tax and will almost Bondholders, Business, Small Incomes Seen Revenue Source (EDITOR'S NOTE: The federal covernnwnt rom« up with * •—-•— -—-^ —— • ™™i \\. H. Kaesdale In Ihlft MTnntl and war profl WASHINGTON, each of sor K e shirting; 3.000.000 2,000,000 blankets, socks. ii«l>Ms, we have been mform- ,1J Washington, will be opened V£« "awarded within three **£ Sfc 'evident this will have *2Sbuna effect upon the mar- Lf«there appears to be no dis- Washington to deny an equitable price for raM _ 300.000.000 of wool To be sheared in States this year, 40,already have been "ffiS and the government's Preparedness orders will 1,000,000 pounds. Lack of ' T prevented the , „..* country of the , wool it was anticipated sent here in competition So far the signs have pointed to: 1. Laying a tax upon the yield from government bonds and making another effort to tear away the shield that thus far has protected state and local bonds from taxation. 2. Lifting the tax on excess profits to make certain the defense drive builds no new fortunes. S. Making new alterations In the income tax structure. _ 4. Increasing some of the excise taxes, laying similar taxes upon new articles. The excise tax in many respects verges closely upon the domain of the sales tax, and President Roosevelt has declared himself opposed to a tax policy which restricts general consumption so long as men and machines are idle. This does not mean, however, "'SliM^dx outfits are shearing!that he is opposed to using such a ii Salt River valley or the tax when it is laid upon selected £J£UiE foothills at* present. sa He estimated 300,- mn sheep have been pastured in Arizona this winter. For- articles. Here. upon the effort is to £L from the valley fields as MM they are sheared. _ 0 -- • Probationer h Given Year «e Smith, 48 years old. col- nrf. 1623 East Jefferson street ^sentenced to one to two years' Jmprisonment yesterday after pro- ffin granted him gm on an aggravated was revoked. _ was granted a two-year conditional release January 27 by Superior Judge Dudley W. Windes ate he had pleaded guilty to as- suiting Almeta Smith, also of 1623 East Jefferson street, December 28. , . .._ Smith was arrested by sheriff s deputies after police received a ttporthe set fire to a davenport in in East Jefferson street home last nek. Clarence Williams pleaded not milty to assault with a deadly weapon and will be tried April 4. Trial of 0. L. Thompson on an intoxicated driving charge also was set for April 4 when he pleaded not guilty. Cases continued were those of Jlillard Thurman, abandoning his wife, and Joseph Goon, bastardy. reach articles that fall into the luxury, or nonnecessity, class, so that the tax still will be garbed in the theory- that men should be moved jtaxed according to their ability to ipay. Nevertheless, the old maxim of the late Speaker Kainey still holds true: The principal job of a tax hill is to get the most feathers with the least squawking from the goose. In addition to the ideas that have been pondered by the administration, several Republicans have spoken up about the tax problem. Senator Taft of Ohio has proposed a further lowering of exemptions and a boosting of rates to provide a bigger tax take from the low- income groups. And Representative Treadway of Massachusetts introduced a resolution to create a joint congressional committee on federal finance to be composed of members of the senate finance and appropriations committees and the house ways and means tee. four weeks assault s and appropriations commit- It would co-ordinate the "appropriation and revenue-raising committee of congress by providing an over-all picture of the federal government's financial situation." "Merger" ~ ~ from i dollars of revenue. „„.,„-. one third of| Its experts are combing through old revenue laws, studying the ' dip- Mr Lee saidL, yields and collection difficulties of old taxes, weighing the polities sn'idea of what the war of lifting the rates and broadening wants the bids will the scope of present taxes. . , r.- ,-_„..-= .... only year of billion-dollar spending that lies between 1789 and 1914. It was in this period that the ways and means committee, after levying taxes on everything it could think of—sugar, two cents a pound; pig iron, $9 a ton; salt, 18 cents a hundred pound—dug up the income tax. Already, the committee had put a blanket tax on everything made, from raw material to finished product. Manufacturers were taxed on the total value of their products as well as specifically on their production per ton, per pound, or yard. The bond tax problem is likely to be more difficult for the treasury, and congress, than either a reshaping of the income tax or the various business profits taxes. Stubborn Opposition Time after time during the last 20 years, presidents and secretaries of the treasury have asked congress for power to tax state and municipal bonds. Always they have met such stubborn opposition from the cities and states that congress has backed away fearfully. The question of states' rights is involved, and a constitutional amendment might be needed—an amendment which would be hard to get past the state legislatures. Without such an amendment any law which sought to collect such a tax probably would be contested in the courts. It would be easier to get permission to tax federal securities. And Secretary Morgen- thau appears to have shown that taxation will not hinder the selling of such securities. Back in December, he issued half a billion dollars of wholly taxable defense notes—the first such issue in history. It runs for five years, bears the low rate of three quarters of one per cent interest. He could have sold eight times as many as he offered. To crack off the shell of tax exemptions that protects long-term government, by throwing its own securities open to both state and federal taxes, would have to pay so much more in added interest charges that it would lose most o£ the tax income it collected from that source. They have denied vigorously that tax-exempt bonds were a hiding place for millionaires' fortunes. One such study said a review of the assets of 3,011 estates of more than a million dollars, and with a total gross value of 10 billions, showed only about a tenth of the gross —or a billion dollars—invested in exempt bonds. But, regardless of what may happen to state and city bonds, the person who buys future issues of the federal government is likely to pay tax on the coupons he clips from those bonds. Picnic Arranged By Iowa Society Members of the Iowa Society of Arizona will hold their annual spring picnic at No. 1 Ramada in Phoenix Mountain Park Saturday, it was announced yesterday by Mrs. M. A. Richardson, president. Speakers will be the Rev. C. S. Reynolds, pastor of Garfield Methodist Church; Neri Osborn, sr., and Mrs. R. K. Truesdale. The picnic is scheduled to start at 10 a. m. Entertainment features will include community singing and a concert by the Work Projects Administration band. A basket luncheon will be served at noon with the committee furnishing coffee, cream and sugar. Officers of the association, in addition to Mrs. Richardson, are Clarence H. Bell, vice-president; Mrs. Otis Paddock, treasurer; Warren H. Thomas, secretary; Mrs. H. C. Aicon. Dr. J. C. Norton and Mrs. L. D. Pedrick, directors. o India has made war risk Insurance compulsory. Local Fraud Case Argued LOS ANGELES. Feb. 17— (AP)— Oral arguments were heard in the ninth circuit court of appeals today m the mail fraud case of George Comes and Earl Canning of Phoenix. They were convicted in Phoenix in connection with operations of the Union Reserve Life Insurance Company and its holding firm, the State Securities Corporation, with which both were connected. Comes was convicted of mail fraud and conspiracy and sentenced to two years in prison. Canning was convicted of conspiracy to defraud and ordered imprisoned for one year. George T. Wilson and Charles A. Carson, attorneys for the defendants, argued that evidence at their trial was insufficient to support the verdict. Frank E. Flynn, United States attorney for Arizona, is here to represent the government in the appeal. New Mexico Death Blamed On 'Temper' SANTA FE, N. M., Feb. IT- CAP)—A death certificate was filed with the state health department today cryptically listing the cause of death for the deceased as "high temper". Officials said the general idea was clear, anyway. U. S. To Induct 105 Trainees A new class of 105 selective service trainees will be inducted today and tomorrow at Arizona district headquarters, U. S. Army Recruiting Service. This will be the last February induction class. Another class of 600 men, however, is scheduled to be inducted between March 3 and 12. Five enlistments were accepted at local headquarters yesterday. These were: Curtis Stewart, jr., Young, assigned to Mather Field; Jack H. Patterson, Wickenburg, to Las Vegas, Nev.; James L. Waiter, Phoenix, to Philippine department infantry; McKay L. DeSpain, Safford, to Fort Bliss; Mansel E. Taylor, Safford, to Fort Bliss. New enlistment quotas of eight in the Hawaiian department Infantry and two in the Hawaiian department, Field Artillery, were received at recruiting headquarters yesterday. Clubs To Hold Joint Meeting Members of the 20-30 Club will be guests of the Phoenix Kiawanis Club at noon today in a joint meeting of the two service organizations in Hotel Adams. Fellowship, it is stated, will be the keynote of the joint meeting. The program will include experiments with liquid air by C. L.'Rivers. These will include frying a steak on ice and similar feats. The musical program will include songs by Blythe Charlet Miller, contralto, who recently appeared with the Orpheus Club in its annual concert. Bob Becker, former president of the 20-30 Club, now a member of the Kiawanis Club, will preside. Burglars Get Prison Term Two Mesa men who stole a safe containing $4,000 and other valuables from the home of J. A. Bailie in Mesa New Year's Day and were arrested by deputies of Lon Jordan, sheriff, four days later, were sentenced to prison yesterday. They are Walter O. Parvin. 30 years old, a federal agricultural inspector's helper, 138 West First street, and Winston G. Carter, 23, a truck and tractor driver, father of a two-year-old son, resident of Harvey Auto Court on East Main street. Superior Judge Dudley W. Windes sentenced them to one to two years' imprisonment for grand theft, to which they pleaded guilty. The pair, who said they never be- DR.W.A.AMMONS DENTIST Formerly In Fox Theatre Bids. NowaiSOSLuhrsBldg. Phone 3-4860 fore were arrested for any offense, assisted deputies In recovering the safe from the desert near Perry< ville, where they had buried It, ana- all but $207 of the money as well as a $300 diamond ring and valuable papers. o ~ Gumany has banned women bus drivers. You con none HOI WATER Anywhere with BU-GAS Service. FIVE POINTS Free Parkiaf G\VE&ett0i{iqkt'st LOW COST 1 LE.S. Lamps are scientifically designed to provide the right amount and the right kind of light for all strenuous seeing tasks. They filter the glare from all light directed downward and allow enough light to be reflected upward to provide general illumination. I. E. S. Lamps are more attractive and give better light, yet cost no more than ordinary lamps. See them demonstrated today at your Favorite Store. I.ES. LAMPS ARE AVAILABLE IN A WIDE VARIETY OF TYPES AND MODELS. PRICES START AT ONLY $4.95. EASYTERMS1 Sold By Your Favorite Store and The Light Co. bonds, however, he would have to go to congress. The treasury figures that there are upward of 70 billion dollars of tax-exempt securities of all kinds outstanding, half of them wholly exempt, half only partially exempt. Of these, 47 billions are of the federal government, or guaranteed by Back in May of 1939, Secretary it; two billions are of federal agen- Morgenthau appeared before the unguaranteed by the government; the remainder are state and whch Treadway is a member and local, territorial or insular. add up to about 20 billions. "If the ways and means and ap- Of the federal, or federal guaranteed, 19 billions are held by com- house and the finance and appro- mercial or savings banks; six priations committees of the senate insurance companies, seven by fed- could meet each session as one joint State Resident 35 Years Dies eral agencies and trust funds, committee on fiscal policy to con- by federal reserve banks. sider the over-all aspects 13 billions are held privately. penditure and revenue programs, Estimates of how much such a tax would net the federal government reach above 100 millions for federal securities alone. The figure would be almost doubled if state and local securities were added to the list. Opponents of such a tax argue, simplification and greater tiveness would result." But in May of 1939, congress was AT 2:3O P. M. James Preston Hensley, 81 years eld, an Arizonian 35 years and not paying much more attention to Tempe resident 12, died yesterday administration suggestions than it TODAY morning in a local hospital after a is to those of Republicans now brief illness. He suffered a stroke 6 years of congress' life, however, -the ways and Funeral service will be held at 10 means committee handled both rev- however, that the increased inter- tin. tomorrow by the First Church ON THE MAIN FLOOR We're In a holiday mood, celebrating the arrival of hundreds of yards of the season's newest Luxabla fabrics. See them actually worn in our glamorous fashion show Today and Tomorrow. Every costum* is easy to make, and you can get the> patterns our pattern section. All the fabrics 'have been Lux tested to insure safe, easy washing. enue producing and appropriations est the states and cities would have of Christ Scientist of Phoenix in Memory Chapel of the A. L. Moore way, the agency of congress that than the federal government would and Sons Mortuary. be able to collect in taxes. will be in Greenwood Memorial have argued also that the federal Park. Born In Chfflicothe, Mo., aware of the fact that the money had to be raised In some manner. Hensley was in the mining and cattle business in Colorado before com- First Billion-Dollar Tear But in 1865, the committee got tagto Arizona. He resided at 1145H so busy trying to find ways of fi- van Ness avenue in Tempe. To relieve pain, lift shoe Civil War that the pressure and remove corns—get these tooth Survivors include two sons, J. house turned the job of appropri- , . Walter Hensley, Tempe, and Ru, , dolph H. Hensley, Laveen; two The fact may not be significant when the needs of that . , Teape, and Mrs. Elnora Wright, final year of the war are consid- Cntonde; and two grandchildren, ered, but it is true that 1865 is the TRY IT TODAY! Suede finished printed piqua it new. See it in fine wale, fresh multi-colored stripes and florals. "*S NEW...different...deHghtful FIRST TIME I TRIED NEW ZEPHYR-FRESH UKBUOY, I KNEW IT WAS FOR/ME/ THAT SWELL. GLOWING-CLEAN FEELING.' MARVELOUS. 1 LIFEBUOY'S B.O.'PROTECTION WON ME LONG AGO ...NOW THAT ZEPHYR-FRESH SCENT MAKES THE SOAP IVE ALWAYS THOUGHT THE BEST BETTER STILL Mphyr-fresh, tangy scent will Almost an unlimited selection of new Talk-o-the-Town and La Jerz prints. Beautiful colorings. creamy lather will give *°»« glorious zing and zip ** "to • class by itself." users eanness LUX FASHIONIST ITS THE MODERN THATHEAD-TO-TOS DAINTINESS YOU GET FROM NEW ZEPHYR-FRESH LIFEBUOy/ SUCH GENTLE LATHER,TOO/ style, color, or washing problems. Her hints wm help you keep washables lovely loncer—as will the regular- sized box of Lux (one to a customer) she'll give to every woman attending the show. in bold, colorful designs of great beauty. Be sure to see a special mix-match Luxable wardroba tor oung Americans, featuring Talon slide fasteners, at the Lux th In the fabric department. The lashionist will be glad to show It to you. MAIN FLOOR FABRICS DEALERS NOW HAVE IT.:i IN THE SAME FAMILIAR CARTON AT NO EXTRA COST TO YOU! , bettcr-than-ever Zephyr- yes-but with the FASHION SHOW ON THE MAIN FLOOR Washington at Second Street germ-removing Properties that have made Lifebuoy ' oath soap o f millions! Warm £°n« and heavy clothing are sure ^™ s « of perspiration. Don't let *0. follow. Use delightful new yr-Fresh Lifebuoy in your daily for all-over, all-day protection!

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