Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1924-01-17

by Henry Morgenthau of New York
chairman of the League of Nations
Greek refugee settlement commission,
who said the league could not obtain
a loan for the refugees until Greece
had stable government.
Greek leaders are beginning to plan
for new and more advantageous
agreement with Turkey, for dispatches
last week told of critical developments
in that land. There seems to be a
growing revolt against President Mus
tapha Renal and his government, and
a bomb was thrown at Renal in
Smyrna which wounded both him and
his wife. The Greek army, it is as
serted, is being trained to take full
advantage of Kemal's troubles by seiz-
ing all of Thrace.
a BAND Of armed men invaded the
"A hotel in Speyer occupied by the
officials of the Rhineland Palatinate
autonomous government and assassi-
mated Herr Heintz, the president and
three of his associates.
General Dawes and Owen Young are
in Paris to help untangle the German
troubles, but they wisely decline to
give statements to the press except to
say that time is the essence of the sit
uation and that there should be daily
and continuous sessions of the COM
mittee on which they are serving.
Meanwhile Germany's finances are
showing signs of decided Improvement.
PRESIDENT OBREGON'S federal
l troops have begun advancing on
both the Vera Cruz and Puebla fronts
and the rebels are reported to be re
firing. In several recent engagements
the insurgents were defeated with COM
parative ease, and their case grows
less hopeful daily. Before this is read
it is likely the government army will
be moving on Guadalajara. Obregon
has begun payments for the munitions
sold him by the American government,
and the latter has given him additional
aid by declaring an embargo on the
shipment of arms and ammunition to
Mexico except with the specific ap-
prevail of the government.
ID EPUBLICANS of the lower house
IN in caucus Thursday evening took
important action concerning legisla-
ton, instructing the ways and means
committee to give the tax revision
measure precedence over the bonus
bill and ordering the former reported
not later than Feb. II. The same day
the ways and means committee or
dered a favorable report on the reso-
luton proposing constitutional
amendment prohibiting the future is
sue Of tax-exempt securities.
D 9TH the Democrats and the radi-
ID Gals in the house have announced
their programs for tax reduction as
substitutes for the Mellon plan adopt
ed by the administration. The Demo-
Gratis propose, among other things,
larger cut in normal tax rates on the
smaller incomes than proposed by Sec
rotary Mellon, 33 1-3 per cent reduc-
ton in taxes on earned income instead
Of % per cent, with special allow
ance for farmers and tradesmen who
would not benefit by the Mellon earned
income plan, and a revised surtax
scale, starting with incomes of $12,-
900 instead of $4,000 and ending with
maximum of A per cent on in
comes in excess of $4,000.
On behalf of the radicals Repre-
sentative Frear introduced a series of
bills which include these features:
Restoration of an excess profits tax
on corporations.
A tax on undistributed profits Of cor
porations the rates being 5 per cent
of amounts not exceeding $4,000 after
deducting a $1,000 exemption, 10 per
cent on amounts not exceeding $780,
600, Is per cent on amounts not ex-
ceeding 100000, and 20 per cent on
amounts above 100000.
Doubling of present inheritance
taxes.
A tax of from to 25 per cent on
gifts.
Reduction of normal taxes to 2 and
4 per cent, respectively, but no reduc-
ton in surtax rates.
Reduction of % per cent in taxes on
earned incomes.
Imposition of tax on incomes from
municipal and state securities under a
bill prohibiting the Supreme court from
declaring it invalid except with the
of all but one justice.
Publicity of tax returns and tax pro-
Repeal of all nuisance taxes.
tached to the drill, drops a certain
A,1if; onto tho whirrino DOiT1t This