davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
News and Notes
Of the Grain Crops
BY JOSEPH 2. PRITcHARD-

CHICAGO. Sept. 27-The wheat
market is on debatable ground. Every
time that fair sized recessions arc
seen on the Chicago Board of Trade
the buying power develops in a quick
manner On the hard spot the selling
is to be seen. These conditions re-
fleet a sCalping market, and also show
that at the moment the volume OF
business is largely professional IN
character.
Those who are closest to the cash
situation talk bullish, as they claim
that there is a great deal T ore wheat
being sold from day to day than is
reported. They say that the larger
part of the 100000 bushels held at
Chicago has been sold to go to the
East, and that it viii be shipped rs
rapidly as ii can be loaded in vessels
and cars. With the reduction Of the
stocks Of wheat at Chicago IT is ey-
pected that gOOdly quantities will be
brought here from outside markets,
and unless an export demand Of con-
siderable importance develops at gulf
ports there is a possibility of some Of
the Kansas City wheat being brought
to Chicago.
The receipts OF wheat at North
western markets are not as liberal IS
they were at this time last year, and
word comes from the spring wheat
country that growers are likely to
hold their grain on the farms until a
satisfactory price is obtainab Bile. The
-four situation at Minneapolis is con-
sidered in a healthy state, and millers
there are expected to make large In
roads into the wheat stocks and
thereby prevent any accumulation nj
a time when the run of the new crop
is at its height.
North Of the international line con-
ditions surrounding the wheat mar
kets are unfavOrabl for higher pric s
The crop there has been harvest ID
and pretty well housed The situation
Is better for the farmers than for any
time in a decade. Owing to the big
business on export account Of late and
the reports that large shipments are
TO be made to foreign countries out of
Canada, prices are likely to hold
steady.
The bears in corn have esta bnshad
several literary bureaus and these
have been working overtime in order
to rebuke factors that were likely .
reduce the price of the yellow cereal
one Of the larger houses in the trade
places the yield Of corn at 2.50O.OO1.-
600 bushels. There are others in the
trade who say tina the country is 20
increase its offerings. and that with
the old corn held on the farms anI
in other positions there will be no
shortage. The bulls however. expe-
rience no trouble in forcing an ad-
vance whenever scattered interests
put out short lines and stand for u
profit on that side
The situation in oats favors the
bear side of the market and condi
tons surrounding the provision mar
ket Will pivot on hogs of the Western
markets and the demand for cash la.d
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
Escaped Robbers
Caught in COrdele

CORDELE, Sept. 22-Four youns
white men arrested here Saturday
u ght We're identified by the hier "
Police OF West Point this morning
: the gang Of car robbers who broke
Jail there several nights ago They
are Allie Griffin. thomas Mckinney.
Alfred Smith and Irwin Cummings.
Under a FEDERAL warrant charging
violation of the interstate commerce
law they We're carried TO Columbus
to-day and lodged in the Jail tIere.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
in Europe
To Spend Vacation

Special Gable to The Atlanta Georgian.
PLYMOUTH. ENGLAND. Sept. a..
Among the passengers arriving here
to-day on tho liner Kaiser Wilhelm
were J. Pierpont Morgan and his sis
ter, Mrs. w. P. Hamilton.
Mr.. Morgan said that he was going
to London and the continent for a
vacation He refused to discuss
American business or political affairs.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
COTTON MARKET OPINIONS.

Sternhcrger. Sim & Co: The general
trade now seems TO feel that il viii
not be lorg before cotton will sell at
l4C a pound.
Miller & Co There appears to be
only one side to the argument II IS
just a question OF how rapidly the mar
ket will advance
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
Noted CartoOnist
Prints Golf Yarns

Il. 2 Martin, The famous Hearst
~toonist. has just issued a little
LET which he has entitled Coli
CDodG. Mead 4 Co. 90 cents
T is a clever compilation. 20
ON the preface, OF stories
from here there and every
OF which are true or
aDpencd."
is plentifully decorated
nd bears the dediCa-
ife, who has termed
NV"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
ONE KILLED IN WRECK.

DUNDEE. MISS. Sept 22-Johu
Jackson, fireman, was killed and
four persons were injured when "a
locomotive on the Ya20o and MissiS-
sippi Valley Railroad hit a split
switch snd overturned.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
THE WEATHER.


WASHINGTON, Sept 22-with the
exception Of rain in the Northern New
England section the weather viii be
ern half of the country. with lower
temperatures and with frost tonight in
the Lake region, the Ohio Valley. the
interior OF the Middle Atlantic states
and the northern portion Of the South
Atlantic States.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
MONEY AND EXCHANGE

NEW YORK. Sept 2-.-Mouoy on Cau
2a. as, time Houey unchanged. 60 days.
4t4lz 30 days. "A 8, SIX months. .
Posted rates Sterling exchange 4 SIS
~ N5ie. with actual business in bank
ers bills at +S5So for demand and -
for 60-i8y bills
Prime mercantile parer nnchanEed-
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
WHEAT PUT UNDER.
ALL DAY.
Heavy Receipts and Low Gables
Cause 0rop-Corn and Oats
Given Good Support.
ST. LOUIS CASH QUOTATIONS.

CHICAGO, Sept. 22.-The wheat mar
ket was under pressure this morning
and showed early losses Of 4 to nc.
Worlds shipments were considera bly,
larger than looked for and Liverpool
prices were lower. Northwestern re-
ceipts were heavy, and they are expect
ed to increase still furthr Longs were
the principal sellers and there was some
hedging transactions noticeable
Corn was unchanged for September,
with December and May off 4 to &c.
There was no rain west Of the Indiana
line, excepting northern Illinois, south
ern Wisconsin and eastern Iowa. but
rams were general in the Ohio VAL ey.
Liverpool was easier. although worlds
shipments were smaller than for the
compare tive periods.
oats were fraction of early, but
the early losses were recovered soon
after the opening
Hogs were 10c higher at the yards
and provisions were better as shorts
were in the market as buyers.
CHICAGO GRAIN MARKET.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
Climate and Soil

H The climate is such that far
mers do not have to house
stock during winter, there
being good grazing theentire
year. For raising cattle and
stock Georgia offers greater
inducements than can be
found elsewhere.
/ The soil is suited for almost
anything that grows and can
be utilized the entire year.
The prices at which good
farm land can be purchased
at present in Georgia are so
/ low that it is a matter of
| comment some thinking
that the land is not so good
as stated. The land is good,
but there are thousands of
acres that are now lying idle
and the good people of
Georgia are anxiousfor good
farmerstoComeamongthem
Consequently the land is
cheaper here than elsewhere.
:ormdtion Furnished
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
PORT RECEIPTs.

The following table shows receipts at
the ports to-day compared with the
same day last year.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
SHOULD KEEP UP
CASH PLAN Of
EXCHANGES
Charges Suggested by Currency
Tinkers Would Prove Serious
Mistake, Says Forbes.
BY 3. c. FORBES.

Haa g. HHrrF
- - ~. 90 aa,,le
s-,.,. - 49,, o,,or,,
o,-s.,- e.oo, r,zrrsrge and
- -. po,,-.o ,bora fs not q
s-r..S...,az..-, -, ,.oo,,,s b,,, only
,.-,z,.-h.
49,. ~. u.-,.rs,.a rscorr,.n-
~ yv.sn,ro,op
T..,,,o.o-s bs,d,,ng the currency
,,-obt.r-, e.. ora that American stock
-. ....ra-,.,. r,,r
.,z -
ouI -. ,,.I,
no''i'Hs VI '''0
e.
u'lIoA % ION,
!" FOr Mighty 'e.'-,,.'.'.
Aee Fen'u' eso'i.e sp'.1'' '''''
'A.i 'u-i'e 5', ou' ia.'D' - ri
-, ss, - -. :. ,+r.In. unon
delicate money markets. causing ui'
furoance 10 business
4 In times OF stress eSch ror'-
nightly settlement 10 nlshtnar"
8. Americans are prone enough 10
speculate rashly even Wheh u 10
given two weeks in which to gamble
they would often incur such habih-
1es that they would be unable to
pay up when the day OF reckoning
1ame
The existing machinery for effect
Stock Exchange IL one OF the souno-
1T features OF our whole financial
1rganization. Leave It alone. Re
CORNERS burning with zeal but pos
sessing zero brains are Hopping
about like newly-landed founders,
They win tire by-and- by. Then genu-
ne reform can be quietly undertaken
NJ senEible people having knowledge
4 what they are doing.
The Hearst papers did not mince
words in urging the Stock Exchange
o clean house months and months
go. In all fairness II should now
. said that the Exchange authori-
les have accomplished great deal.
The main thlns remaining TOT INC
Exchange 10 90 Is 10 II, inc pup''
get better acquainted with IT, VII"
Its many admirable rules win lts
new system OF ferreting out ques-
tionable practices with its above
The ordinary per-on OF modest
,,oars hates IN enter a brokers' or
bankers establishment MANY offices
sro too swell for the lille fellow 70
sprroacb He ,eoIs he will be laughed
az that his p,,nv orders viii be
.corraa and that he had halter sneak
tr,r s,r,,o font -rs 70 ,,laca-s buclet-
a.. -, ..,,.a,a,,,, -,
s""p as "'''' "9 NV '"'
If town.
The cxcIusivcness OF the Stock Fx-
-,
ATS wear t-A- pI'Na'e-''uo uo''I'h''
all have contributed TO repel the pub
lie and 10 bring II into disfavor
S,.,,,,,. r-,.l.,,,,--, ,,,,,s,, .,,4 tho ,,,,
~ i->'
lie need 10 get toEethef IT the
brokers really want to inspire general
confidence There must he less aloof-
movement to cultivate friendly rela-
tons. TO convince the public that
brokers have much in common with
themselves
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
Life S Worth
Living in Georgia

If you prefer city life, there
are no better cities in the
world than those in Georgia.
If you prefer village life, the
smaller towns in Georgia
offer every inducement.
If you prefer country or farm
life, Georgia offers greater
inducements than any State
in the Union. Georgia lands
work the year round, from
two to five crops being gath
cred off of the same land
each year---crops that are
profitable.
~. Gil
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
INTERIOR MOVEMENT.
COTTON SEED OIL.

NEW YORK COFFEE MARKET.
Coffee quotations
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23

who died Sunday at the home OF his
father. W r. Humerkoff. No sos
Edgewood avenue. will be conduct
ed from the home at 3 O'Clock on
Tuesday afternoon, the Rev Or
Wilmer. Of St Luke's Church. Of
slating He was 80 years old and
? survived by his parents and one
brother, Robert HumerkCf.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23

The situation in oats favors the
bear side Of the market. and condi-
tons surrounding the provision mar
ket will pivot on hogs of the Western
markets and the demand for cash la.d
and meats.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23
John W. EubanLs, 90 yrarn old. d.

Sunday al his home, No. Yves
Ontario avenue. He formerly wa
in the real estate business. He fl
survived by his wife, three sisters
Mrs. Henry Clay, OF Austell, AND
Mrs. John Hin and Mrs. F. q Les
ter, OF Atlanta, and one brother, r
S. Eubanks, OF Atlanta
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-23

CHICAGO CAR LOTS.
Following are receipts for Monday and
estimated receipts for Tuesday:
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
'CHANGEQuEsT|0Nsu.s.P0 POWER
HOLDS ONLY STATE CAN REGU.
LATE IT.
Brief Filed With Pujo Committee
uphoIds Rules 81 Trade .;
n Body. ..;s .s

Washington, Jan. 27.--Members OF
the house money trust committee
who are to draft report on results
of the inquiry into financial affairs,
thus far conducted, have before them
for consideration a brief just filed
on behalf Of the New York stock ex-
change, by its attorney, denying that
the federal government has power to
compel it's incorporation or to regu-
late it's affairs. .s
The state of New York, it is admit
ted in the brief, has power to enact
laws for the guidance of the exchange,
though the belief is expressed in the
argument that no Jaw, either by state
or nation, will stop certain transac-
tons.
It is further asserted that the
members of the stock exchange are
better able to control it's affairs than
any legislative authority.
Defending the rules Of the stock
exchange, the brief declares that It's
business is neither of interstate nor
foreign character, NOR do it's opera
l1OHS IL any respect come W1tn1n the
sphere Of the federal jurisdiction. Z
Rules of the exchange, the brief de-
clares, prohibit manipulation, short
selling and general gambling, reports
Of which are said to be exaggerated
by the general public. The answer
to. all charges against the exchange
is said to lie in the statement that
all transactions are matters between
customer and broker with which the
exchange has nothing to do SO long
as highest standards of business hon
esty are maintained.
The brief also contains many legal
decisions submitted to prove that the
stock exchange cannot be subject to
the interstate commerce act.
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
g Explains Heath Bureau.

d Hoboken, y j, Jan. President.
elect Wilson addressed a private gath
ering Of prominent social workers at
the home of Mrs. Caroline B. Alexan-
der. where he and his family were
weekend guests. In a statement given
out by Mrs. Alexander, setting forth
Governor Wilson's remarks, he is quot
ed as declaring that in forwarding the
movement for national bureau Of
health it was desirable to remove the
impression that the government ex.
pected to set up a medical trust
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
STATE SUPERVISION.
Governor sulxer Would Inquire Into
Stock Exchange Evil 81 I
III New York. g8$. I'll a

Z :.
Albany, n. Y, Jan. 49, State SUI
pervision and regulation OF the New
York Stock Exchange and other stock
exchanges are advocated by Governor
Sulzer in q message sent by him to
the legislature. The time Is ripe, in
the governors opinion, for the state
to step in and end fragrant abuses,
shifty schemes and clever combine
tons, to catch the unwary and to mis-,
lead the public. To effect this, he
recommends the enactment Of q group
OF laws, at least one of which shall
provide imprisonment as penalty for
It's violation. These laws, the governor
says, should apply to certain prac-
tees which have been shown to exist
by the Pujo committee and other In.
vestigators.
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
Must Serve His Term.

Washington, Jan. 28.-Charles r,
Heike, former secretary of the Amer.
lean Sugar Refining company, has no
immunity from prosecution for his
knowledge of the sugar weighing
frauds" against the government, be.
cause he testified before the grand
jury regarding them. The supreme
court SO held. declaring that Heike
must serve his eight months impris.
onment and pay his $1,000 fine
Heike was convicted Of conspiracy "a
detraud the government
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
Dead Soldiers Filipinos.

Washington, Jan. 2SWar depart.
ment dispatches confirming the re-.
ported killing Of Captain McNally at
Taglitsi in an engagement between
Moros and detchment of constabu-
larry, says the six enlisted men of the
scouts who were killed were Filipinos,
and eight enlisted men were wounded
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
STATEMENT OF WARRANTS IssUE1
STATE LOAN FUND

Receipts
Balance on hand Jan. 1, 1928 5.660.9S
Tax Collection .........5... 7,l3S.3l
Total 12.7e4.2e
Disbursements
Il Warrants issued 1912 ......$ 7,52S.G0
tri ii - = $500 1851
back 800 ..... 80 =. s.ss
Balance on hand Dec. 81.
st7 l9l2 o,loo.Uo
Total 12,7s4.2s
STATEMENT OF WARRANTS ISSUED
4 1922 w. ]. Smith, State
Treas, Int. on State.
Loans ..............$ 1,52S.60
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
COUNTY BOND

COUNTY BOND
10011 First National Bank,
Warren, Int. on bonds s
10116 First National Bank
Warren, Int. on bonds 5
4 10151 First National Bank,
y Warren. Int on bonds
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30

ed BY the County Board and respect
fully SUBMITTED to the taxpayers of
Dated at Warren. Mimi, this Sth
day Of January 10 3. f
C. Wittensten.
its %. EnGe,
Carl f. Adolphson,
$ A 8. Rokke,
Fl s p. B. MAlberg
County Board,
Marshall County, Minnesota
Attest.
County Auditor.
auditors Seal) .{ #
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
STATEMENT OF WARRANTS 1ssu
PUBLIC LAND

Receipts }@ -H1
Balance on hand Jan. /. 1912 945.O6
Collections, Prin. and Int. S6,7S26o
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
COUNTY BOND FUNDS

Total observation-disclosures 7,52S.6C
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
ASSETS AND LIABILITIES OF MAR
SHALL COUNTY

J Assets
Cash in County Revenue
Fand .s:.............s.$ 7,1O2.S2
Cash in Bond Fund $500. 177.10
Cash in Incidental Fund -. 53.S1
Funds .,...:::: 52,515.s.
sUncollected taxes for 1911
FUNDS .... /. , -, 2,ooo.cv
Funds ... .s. >.. a,eos.2o
Wolf county due from state 247.50
Courthouse JAIL Sheriff's
Residence, Grounds, Furni-
ture and Fixtures ........i. 100000
Total sie6, 900. 80
Liabilities e$
Refunding bond due Sept Is,
IJlo .F.e.#.a.9 lU,OOU.VO
Road and Bridge Fund over
Appropriations unpaid from
Road and Bridge Fund -. 3,85O.00
Assets over Liabilities $50. 150,S50.09
Total =. !. !. 1896, ooo. 80
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30
DITCH BONDS
Secured by Special Assessment or
Lands Beneficial

r-s55.sIa LanQS beneuLCeQ.)
5 per cent bond due July l.. - =
6 per cent bond due July 1,
1913 to 1914 1880. ........ 7,41S.42
6 per cent bond due Dec 1,
1918 to 1914 .........,... s,sS2.o5
1s1s to 1918 .............. 100000
4 per cent bond due July i.
1914 to 1928 1900. 90
A per cent bond due July i.
1915 to 1921 ............7. 1000. 90
4 per cent bond due July /.
1915 to 1928 $4,000 90
4 per cent bond due July /.
1916 to 1880 ............. 94,s6s.0O
1913 to 1920 20.S0oo n
per cent bond due July /.
1915 to 1880 0...........::. 100000
is16 to 1880 ...........:. 100000
ISIS to 1880 ......:...,... 10. 900 90
is1e to 1880 -. 49, 100000
is16 TO 1880 $3.50. 49, 6.sooo 90
191e to 1880 ............. $50, 900 90
1917 to 1881 i. ..'.,...... 300, o00.o 90
5R per cent bond due May i,
191S to 1882 247. 0oo.uv
19ls to 1882 .......'..'.,..-. 100000
Total ............. 1896 1874
Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1913-01-30

The foregoing Statement prepared by
J, 1 the County Auditor, is hereby approx
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1913-04-02

ceived by state. county and municipal
Offices
The special message President VII
son will send TO congress next week
will recommend that he be given au-
thority to lower tariff rates should Il
develop that the rates fixed fail to
provoke competition.
A proposal OF this kind was consid-
cred by the ways and means COM
mittee, but was rejected by the ma
jority OF that body. which did not
care 70 place such tremendous power
in the hands of the chief executive.
Against it was employed the old argu-
ment thai congress has not the right
under the constitution TO delegate the
ratemaking power to the administrative
/ branch of the government. Yet this
/ is done in the case of the interstate
| commerce commission. which today
/ is fixing railroad rates.
II the president should press his
recommendation he is likely to find
! himself involved In a row Of consid-
cradle magnitude. The protectionists
will oppose permitting the president
to reduce rates. With most Of the
democrats in such frame Of mind II
does not look as If he presidents
wishes in this matter viii be observed.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1913-04-02
CHICAGO MARKETS.
lBy Associated Press }

Chicago, April 2.-CattIe 1880;
steady TO shade higher. Beeves 10
Gs1O; stockers and feeders G.oeG
$40; COWS. and heifers 3.G5d 500;
calves 6.G0GS.25.
Hogs $4,000; light, strong; others
steady. Light 9.2Oq9.6o; mixed 9.OOG
9.45; heavy S.75as.3O; bulk 9.I5Q
$40.
Sheep $1,000; steady to 1Oc higher;
5.SOQ6.S5.
The demand for light hogs was so
good that, although the receipts were
$4,000, the market was strong and the
top price of $50 for lights was reach
ed. The demand for other grades was
not so good, though prices we're fairly
steady. There was a good demand for
nearly all grades of cattle and prices
showed firmness for better kinds of
stock
Sheep took a slight upward turn
Buyers on part live mutton shippers
good
May wheat opened so14 a soa4; clos
ed 81.
Corn opened 53zs asa; closed 541.
Oats opened 84%a341z; closed
34%
Pork 20.52.
Lard 1Ll2d1115.
Ribs 1877.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1913-04-02
INCOME TAX RATE
UP TO PRESIDENT
Tariff Bill Approved by Commit
tee Gives Power to Execu-
tive to Change.

Washington, D. c., April 2.-The
tariff bill approved by the ways and
means committee fixes taxes on in
comes as follows:
On incomes over $4,000. I per cent.
On incomes over $4,000, IL per
cent
On incomes over $4,000, 2 per cent.
On incomes over $4,000. per cent.
On incomes over 100000, 4 per cent
If at any time the president should
find the revenue derived by the GOV
eminent from customs dues. internal
revenue taxes, the income tax based
on the rates fixed in the law, and
other sources should be insufficient to
pay the expenses of the government.
then he is authorized 70 raise the in
come tax TO such percentage as he
may consider proper.
The bill approved by the commit
tee does not limit him in any partic-
ular
The ways and means committee be
lieves in this matter it has been in
spired by real political wisdom. If
the revenues derived from all sources
should be INSULT cient after the enact
ment Of the new tariff bill TO meet the
expenses Of the government, the ad-
ministration will not be forced 70 is
sue bonds 70 raise the additional mon.
ey required. All the presi6 mt will
have 10 do will be 10 issut a new
scale OF income tax rates
Nothing is more unpopular in this
country than a bond issue. There will
be no Outcry Of any serious political
consequence from an increase in the
rate on incomes os. say over $4,000.
The average man VII hold tina, this
is just thing 70 do.
Estimates in the possession Of the
ways and means committee show q
/ wide variance in the number Of per.
sons who will be reached by the pro.
/ posed income tax law. One places 10
and the other 20 and the number OF
| individuals with incomes exceeding
/ SO, 100000; one so and the other 100
| drawing over 100000 one 300 and
/ the other 500 drawing over $500 900;
one 1000 and the other $500, drawing
over 500. 900: one 10000 and the other
1850, drawing over $4,000; one 2O,00t
and the other $4,000. drawing ovel
/ $4,000; one 100000 and the Other
/ 200, 900 drawing over $4,000.
II is the expectation Of the commit
tee that there will be collected through
| the income tax anywhere between
s110,OO0.OO0 and sI50,0OO,O 900. The pros
. pect Of this revenue has enabled The
\ committee to make reductions in Gus
toms dues which would not have beer
possible had the income tax amend
ment 10 the constitution failed Of rati
fcation.
Realizing the income tax provision
Of the law will be tested in the courts
the committee has made every effor
70 avoid double taxation. In estimat
ing the incomes OF individuals VIII
will be subject 70 the proposed ta1
there must be eliminated the dividend
received from corporations paying q
else taxes. the interest upon bonds o
other obligations OF states. Countie.
or municipalities, and he salaries II