davidaulloa/AmericanStories huggingface dataset:
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
TO ABOLISH TAX EXEMPTIONS
Banking Committee Chairman Pro-
poses Drastic Measure
IN Congress

WASHINGTON. A constitutional
amendment TO prevent the issuance
OF any tax exempt securities by the
federal government, the states or any
county or municipality was proposed
in the house by Chairman McFadden
OF the banking committee.
Mr.. McFadden, who formerly was
president of the Pennsylvania State
Bankers association, said fifteen
billion dollars of securities in the Unit
cd States are exempt from taxation"
This amount nearly equals all OF
the railroad property in the country"
he went on, "and is over twice as
great as the farm products that are
annually Sold" adding that in addition
there were nearly twenty-five billion
dollars of federal bonds partially or
wholly tax exempt.
THE great injustice of tax exemp-
ton was not brought home to our tax
payers until it became apparent that
tax exemption defeats the purposes
of the graduated income tax" contin-
ned Mr.. McFadden. "Tax-free securi-
ties drift into the Golfers of the rich,
thus enabling them to evade the pay
ment of the heavy income taxes con-
templated by law.
Another result, vicious to the gem
eral public, is that wealthy investors
decline to purchase taxable securities
as freely as formerly. Railroads and
street car companies, gas companies,
industrial and commercial corpora
lions are, therefore, compelled to bor-
row from small investors, and pay
higher rates to both large and small
lenders. Freight rates, car fares and
commodities are consequently increas-
ed in price. The public is compelled
to pay in two ways for the tax-ex-
emption privilege granted the favored
ones, by increased taxation, and by
increased cost of living"
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
WOULDMAKEL LOANS
ONFARM PRODUCTS
SENATOR HARRISON SEEKS TO
CREATE JOINT STOCK AGRI-
CULTURAL BANKS
BANKS MAY ISSUE BONDS
Would Finance Proposed Banks BY
Bond Issues, Secured BY Receipts
For Goods In Warehouses

Washington.-Join stock agricultu-
raj banks for making loans secured by
staple agricultural products stored in
warehouse licensed under the United
States warehouse act and secured by
warehouse receipts, would be authoriz-
ed under an. amendment TO the federal
farm loan ace introduced in the sem
ate by Senator Harrison (Dem.) of
Mississippi.
Each bank would be authorized to is
sue bonds, certificates or debentures
based upon such warehouse receipts
and the secretary of the treasury would
be authorized to purchase such bonds
for the fiscal year ending June 80,
next, in an amount not exceeding $780,
100000 and $50O,OOO,0O0 for each of
the two iscal years thereafter. Banks
would charge interest not exceeding
one per cent more than the rate car
ried by the last series of farm loan
bonds issued by them.
Loans on agricultural products would
be limited to eighteen months and not
exceed go per cent of value of the
staple products offered as security for
such loan. Each bank must have at
least $4,000 stock subscribed, and ten
persons are minimum required for or.
ganization of bank.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
MAKE TAX RETURNS ON
LOW VALUATION is NEW
INTERNAL REVENUE RULING

Washington.-Merc and manu-
facturers may adopt cost, or market,
whichever is lower" as basis LOT
valuing their inventories for 1920 IN
come tax returns issued by the bureau
of internal revenue. The regulations
also provide that the difference caused
by the fall of prices during the year
may be deducted in arriving at the
value of stock.
Secretary Houston and officials OF
the internal revenue bureau were
without estimates as to the difference
in revenues which may result from
valuation at market rather than cost.
The belief was expressed in some quar-
tiers the difference would run into
many millions of dollars. Internal rev.
enue bureau officials explained that
the law permits of choice of basis
and under present conditions, mar
ket" reflects more accurately the state
of business conditions. To require
inventories at a cost higher than mar
ket." it was added, would be to put
tax on investment rather than on IN
come.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
TO CUT SOUTH'S STRENGTH
Southern Members OF Congress Wig
erously Deny Statements
OF Negroes

Washington Rebfesentatives OF
the Society for the Advancement OF
Colored People asked congress TO cut
down the representation from the South
in the house on the ground that
Southern election laws are so admin
istered as to prevent negroes from
voting.
Appearing before the house commit
tee considering congressional reap
portionment, they declared the laws OF
the Southern states were so worded as
to comply with the federal Constitu-
ton and the fourteenth and fifteenth
amendments, but in their interpreta-
ton negroes were kept from the bal
lot box.
Southern members of congress de-
MED these statements and declared
laws were made and administered in
the South without regard to race,
color or previous condition OF serVl-
tude." In those cases in which there
were complaints, they said, negroes
should take the alleged discrimina-
tions to the courts and not to con-
gress. A whole people should not be
punished because, they asserted, per-
haps. in one or two instances, there
were complaints.
Representative Bee (Dem.) of Tex
as declared he was tired" Of states
being "insulted" on "hearsay' reports.
Representative Aswell (Dem.) of Lou
isiana declared no discrimination was
practiced in the South, and Represen-
tative Larsen (Dem.) of Georgia said
1865 negroes were registered in his
home town. There was no Republi-
can state ticket in the November
election in Georgia, he said.
One spectator during the testimony
of William Pickens, field secretary of
the National Association for the Ad-
vancement of Colored People, insisted
on getting into the discussion and
was finally told by Representative Sic
gel (Rep.) of New York, chairman OF
the committee, that he would have to
sit down and keep quiet or leave the
room.
Pickens had stated that one white
man in Virginia had been the subject
of discrimination because he was a
Republican" but, on being pressed
for the name of the man and the town
by Chairman Siegel, admitted his state
ment was based on "hearsay" reports
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
TARIFF REVISION
BEFORE CONGRESS
GREAT CONGESTION or BUSINESS
ON SENATE SIDE As CON-
eREss REcoNvENEs
DISARMAMENT RESOLUTION
Sponsors For War Finance Measure
Claim Ability To Override
Presidents Veto

Observation-Disclosures started its
news year work with formidable pro
gram for the fifty-two working days
remaining before sine die adjourn
ment March 3.
Congestion, as usual, is on the SEN
ate side, house activity being concen-
trated on completion of the annual
appropriation bills, with the sundry
civil budget under debate and the post
office bill on the waiting list.
Tariff revision will be an import
ant matter the first week before both
senate and house.
Senator Penrose of Pennsylvania,
chairman of the senate finance COM
mittee, plans to return to the senate
soon, after a years absence, and, with
members of the committee, begin con-
sideration of the emergency tariff Dill
passed recently by the house. Hear
ings on general tariff revision planned
during the extra session after March
4 will begin before the house ways
and means committee early in the
short session, and continue lnden-
nitely.
The senate foreign relations com
mittee will hold a special session 10
consider international disarmament.
1t will take up the resolution OF Sena-
tor Borah proposing a request upon
the president to initiate negotiations
with Great Britain and Japan toward
an agreement for a 500 cut in naval
building for a term of years. Inc
committee also will consider a reso-
luton by Senator Walsh OF Montana
proposing that the president be ask
ed to appoint an American representa-
tive to meet with the disarmament
committee Of the league of nations.
Senator Hitchcock of Nebraska, the
ranking member of the foreign rela-
lions committee, will ask to have Sen
ator Walsh appear before the commit
tee. Democrats are disposed to Ia
vor Senator Walshs plan, but have
not indicated hostility to that of Sen
ator Borah. Open hearings by the
committee are not contemplated and
early action is expected.
Emergency immigration legislation
is to be taken up by the senate immi-
grafton committee, which will begin
hearings on the house bill to prohibit
virtually all immigration for ten
months. Representative Johnson OF
Washington (Rep0, chairman OF the
house immigration committee, is ex-
pected to be the first witness and Rep
resentative Siegel of New York (Rep)
and other opponents of the bill will be
heard at an early date. The commit
tee has long list of witnesses, but
plans to conclude it's hearings with
in a week or ten days. 1t has pend
ing several bills to establish percent
age reduction in immigration as
substitute for complete prohibition.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
LIQUOR PERMITS WILL BE
REDUCED BY THE FEDERAL
GOVERNMENT, 1T is STATED

Neutrality-suspicious. for reducing the
number of federal permits for the
handling of liquor in the next twelve
months have been announced by Pro-
hibition Commissioner Kramer, who
says the new issue of licenses will be
held to a strict minimum in an effort
to check illegal sales.
The greatest reduction will be In
wholesale permits under Mr.. Kramer's
program, but other dealers entitled to
operate under the Volstead act will
be considerably affected. The COM
missioner says it is his intention to
refuse to reissue between $50 and rs
per cent of the wholesale licenses
now in effect.
The enforcement staff has been en-
gagged for several months in studying
the records of the $1,000 odd permit
holders to ascertain who have commit
ted overt acts under the prohibition
statutes with the view of eliminating
them from the list of those who may
handle intoxicants next year.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
WITHOUT SIGNATURE
OF WILSON, MlSLAID
BILL BECOMES LAW

Washington.-A lost" bill recently
became a law. The Smoot -Reavis
bill, providing for the appointment OF
a congressional commission to study
reorganization of government depart
ments, was passed finally by congress
a few days ago and sent to the white
house, where all trace of it was lost.
The ten day period having expired, the
bill bectme law without the pres1-
dents signature. White house Off
Gals in explaining that the official
copy of the measure either was mis-
laid in the executive offices or in one
of the departments to which it was
referred for recommendation, said IT
was the presidents intention to sign
the bill. Request was made of con-
gressional clerks for duplicate copy
for filling purposes.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
RoLSHEVIST UPRISING
is FEARED IN RIGA.

Darzig. - Unsettled conditions in
Riga are reported in dispatches from
that city. which say that there are
grave apprehensions of local bolshe-
visit uprisings, encouraged by the
massing of Russian soviet forces in
great number along the boundaries
of the Baltic states. 1t is rumored that
defections among the Letvian troops
and change in the government would
not cause surprise.
Most of the Frence officials and CT
villains especially the women, have
left Riga, many going to kovno'
Lithuania.
The unsettled conditions in .Estho'
MIA also have been aggravated by the
anproach of the Russian bolshevist.
One clash has already occurred be-
tween the Russian and Letvian troops.
The American commissioned to the
Baltic states, Captain Evan E. Young,
the military attache, Colonel Hollyday,
and consul John P. Harley still are in
Riga as also are Colonel Edward w.
RYAN, American Red Cross commits
sioner to the Baltic state, and the
Red Cross staff.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
RELIGIOUS ORGANIZATION
SEVERELY CRITlCIZES
"OPEN SHOP" CAMPAIGN

New York.-The open shop cam
paign in American industry was crltl-
cized in an effort to destroy the or
ganized labor movement, in state
ment issued by the commission OF the
church and social service OF the led
eralscouncil of the churches Of Christ
in America.
This council is composed OF repre-
sentatives of thirty one Protestant
denominations having a membership
of about nineteen and half million
people. The statement follows:
THE relations between employers
and workers throughout the United
States are seriously affected at this
moment by a campaign which is being
conducted for the open shop policy
the so called American plan of en-
ployment
I'VE feel impelled to call public at
tention to the fact that a very wide
spread impression exists that the pres
emf 'open shop campaign is inspired
in many quarters by this antagonlsm
to union labor. Many disinterested
persons are convinced that an attempt
is being made to destroy the organized
labor movement.
when, for example, an applicant
for work is compelled to sign a con-
tract pledging himself against affilia-
ton with a union, or when union
man is refused employment or dis
charged, merely on the ground OF union
membership, the employer is using
coercive methods and is violating the
fundamental principle OF an open
shop. Such action is unfair and mimi
cal to economic freedom and to the
interest of society as is corresponding
coercion exercised by labor bodies in
behalf of the closed shops.
ut seems incumbent upon Christian
EMPLOYERS to scrutinize carefully any
movement, however plausible, which is
likely to result in denying to the work
ers such utilization as will in their
Judgment best safeguard their inter-
ests stand to promote their welfare and
precipitate disastrous industrial con-
flicts at time when the country
needs good will and cooperation"
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
DOZEN SEAPLANES
MAKE FIRST JUMP
Sc-5 WILL ELIMINATE FIRST
STOP IN EFFORT TO
CATCH UP
PLANES IN ISOLATED BAY
Early Anxiety over Nc-6 Removed
When Word OF Successful Land
ing Comes BY Radio

San Diego, CaI.-The dozen planes
of the F-5 L division of the navy's
San Diego-Panama aerial expedition
berthed in San Bartoleme bay, 400
miles from their starting point, on De
cember 80. The roaring of their mo-
tors disturbed the sea fowl at the
isolated Lower California spot as the
planes swooped down, the last taking
the water at 2:05 p. m, just five
hours and forty five minutes after
the leader had ta!1rn off here.
Radio reports flashed back to the
naval air station here brought word
that each of the twin motored planes
ha descaped mishap, but the bigger
and heavier NC-5 met trouble, which
nut it out of the flight for a time.
NC-5 was forced to put back into
San Diego harbor after having winged
its way only few miles down the
coast. It's hull had been damaged in
taking off. Officers and crew, with
mechanics from the station staff, went
to work with a vim as soon as the
seaplane had TAXED" in and was
hauled out of the water.
Lieut.. H. v. Baugh, commanding the
plane, planned a nonstop flight from
San Diego to Magdela bay to over
take the rest of the planes there New
Years Day.
For a time no word was received
concerning the NC-6 and some anxl-
ETY. had begun to be felt, especially
after word had come all the F-5 type
planes had reached their first over
night destination, but it was learned
LATER that a radio message reported
the plane had safely landed.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
THREE STUDENTS LOST
IN GREAT WHITE WASTE
OF MT. WASHINGTON

Fabyan, N. H.-Somewhere on bar
rem; windswept Mt. Washington, with
its mantle OF snow, two and a half
feet deep, are three Harvard students
without food or shelter, who have not
been seen or heard from since they
left here to ascend the mountain on
snow shoes.
The missing students are E. F. Cook,
%. of Duluth; Morris Goldberg, ~,
of Chicago, and Ben Schienman, a
second year law school student OF
Detroit.
With Lucien Strauss, %, they cane
here to enjoy the outdoor sports dur
ing the holidays and stopped at no
tel. Strauss saw the trio start Their
ascent of Mt. Washington and watch
ed them until they were nearly out Of
sight. They planned to reach the top
of the mountain and to return after
a short rest.
The party carried but four bars OF
chocolate for food. When they left,
the air was clear, but moderat1ng
temperature has created frosty haze
which now hangs over the entire white
mountain range. They have no blan-
kets nor an axe with which to cut
wood for fire, and much anxiety is
felt for their safety.
Preparations were made to comb the
mountain in a search for the missing
students. A large party from Boston
bent on enjoying the usual winter
sports-announced their intention to
prosecute the search until Goldberg,
Cook and Schienman are found.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
FARMING ON SHARES
FAVORED BY CHIEF OF
FARM MANAGEMENT

Washington.-Far renting on the
share basis rather than for cash and
curtailment of the purchase of farm
machinery were advocated by DR.. II.
G. TAYLOR, chief of the office of farm
MANAGEMENT of the department OF agrl-
culture, in an address before the Farm
Economic Association, in session here.
The speaker urged farmers to re-
pair old equipment rather than keep
machinery prices up by buying new"
Depression should be shared by the
land owners, he declared, in advocat-
ing paying for use of farms by shares
of the crop.
Several hundred members of the as
sociation are attending the meeting,
the majority of them representing
farm bureaus in all parts of the coun-
try.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
ARMED GUARDS AT STAR
JUNCTION, PENN, STOP
FIREBUGS' ATTEMPTS

Uniontown, Pa.-Armed guards re-
Gently frustrated an attempt to burn
the junction house at Star Junction,
near Uniontown, and drove off two
men who had fired a quantity of in
flammables placed in room on the
first floor. Hotel guests, awakened
by the shots, Joined in the chase, but
the men escaped.
This incident was taken by state
and county officers as additional proof
that the two men under arrest in I'm
iontown in connection with the wide
spread incendiarism of the past few
months, were not the leaders In the
arson ring which already has cost the
county of Fayette and it's population
close on to one million dollars.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
Fifty Injured In Sidewalk Collapse

San Francisco.-About fifty New
Years merry-makers were injured, sew
eral seriously, when temporary side
walk over an excavation for new
theater building at Market and Taylor
streets, here, collapsed. A thirty-foot
section of the walk gave way, falling
20 feet into the excavation with about
100 persons according to witnesses.
Twenty persons were removed to the
Central Emergency hospital for treat
ment in ambulances, patrol wagons
and automobiles Communicated for
the purpose.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
cARUso HAS DEVELOPED
SUPERLATIVE PLEURIsY;
CONDITION is SERIOUS

New York-Enrico Caruso, tenor,
who has been seriously ill in his apart
ment here for more than a week, has
developed superlative pleurisy, attend
ing physicians report.
Surgical aspiration was successful
" accomplished, the physicians an
nounce, and added, although that he
had improved slightly during the past
few days, his condition Is still very
serious.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
Fixino Tennis Courts For Harding

Observation-Disclosures about the
white house and grounds to meet the
wishes of President-elect Harding,
already have been started the tennis
court in the rear of the executive man.
sion coming in for first attention. The
work of restoring the court, which has
been more or less in disuse for some
time past, was started in compliance
with an informal request of President
wilson from Senator Harding, who,
beside being golf fanfi is known also
to be devoted to tennis.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
% Nations Sign World Court Protocol

London.-Tw nations have
already signed the protocol of the per-
manent court of international justice
constituted by the league of nations,
saws the Central News. The protocol
nroyides that the statute of the court
shall become effective as soon as ma
ioritv of the nations represented in the
league of nations, namely %, shall
have signed and ratified it by their
various parliaments. Four nations,
portugal. Switzerland, Denmark and
Salvador, also have signed the proto-
col for compulsory arbitration.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
-. cir. OF shirts That Price Shrink

New York-Some mems shirts are
IN be cut in twain to meet the user
half way. 1t isn't joke. It's a de-
sion on the part of a nationally known
sb,rt company announced to reduce
the price of shirts to the trade 50 per
cont permitting of an equal cut by
retailers to consumers and aiding in
uniting merchandise down to a nor
NAL basis. The matter has been I'M
der discussion by this company for
some time, and the near future will
see and appreciate the result OF its
cogitations.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
Believed Deflation Is Half compIeted

Boston.-The belief that business re-
adjustment and deflation lis more than
half completed" and that the worst
ia over" was expressed by Alba b.
Johnson, president of the Philadelphia
and Pennsylvania chamber OF COM
merce of Boston. rs it not good busi-
ness as well as good patriotism to
start buying now, to set the wheels
~ industry once more into motion, to
relieve unemployment and to spread
Az commencement Of conditions over
longer period. Let me warn you not
IN wait too long," he said.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
Treaty To Prescribe Pre-War Bounds

OBSERVATION-DISCLOSURES new peace
treaty being negotiated between the
Armenian Soviets and the Turkish
Nationalist will prescribe the pre-war
frontiers OF Armenia, 1t is intimated
bv the Armenian government. The
Nationalists are said to be insisting
upon application Of the BrestLitovsk
treaty leaving Kars and Ardahan out
side Armenia. The boundaries favor
ed by President Wilson, who recently
accepted the position of mediator, are
not yet known here.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
"Pay Like A Sport" Judge Advises

San Francisco.-The Continental
Candy company of Chicago must pay
1886 a hundred pounds for 1856
tons of Java sugar which sells on the
market now for 81, Judge Benjamin
f. Bledsoe of the United States dis
trict court decided in declaring valid
a contract signed last May by the COM
pany. The candy company sought last
November to repudiate the contract
made on a rising market with the
California Hawaiian Sugar Refining
company of San Francisco.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
r,lden Wins First Davis Cup Match

Auckland, New ZeaIand.-WiIIiam
T. Tilden, II, worlds champion tennis
plaver for 1920, defeated Norman E.
Brookes, of the Australian team here
in the first event of the Davis cup
championship tournament. The score
was ten to eight; six to eight; one to
six and six to four. The largest
crowd ever seen at tents game was
On the field to witness the contest,
which from the beginning to the end
was exciting. Tilden led all the way.
except in the second round, when
Brookes rallied.
Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-01-06
Wireless Messages Call For Assistance

New York.-Wireless distress sig
nails were picked up here from the
freight steamer Dauperata, which
left Antwerp on December for Gal
weston. Her position was given as
about $40 miles east of Norfolk, Va,
and 500 miles east of Bermuda. The
message said she was in need of fuel
oil and water and made a request to
he towed to Norfolk. She belongs to
the Barber Steamship line.