Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-19
Washington Ticker
BY CHAs. P. sHAEFFER,
Associated Press stan writer.

An early conference will be held be-
tween officials of the Bureau Of Inter
nal Revenue and Treasury Department
to discuss the ACCESSIBILITY of publishing
Immediately the new standard rate Of
depreciation for all machinery, tnclud-
ing farm implements, which will hence
forth be used as base in computation
OF taxes.
The new schedule, which constitutes
one Of the most important tax studies,
aside from the actual rates themselves,
has been completed by the Revenue
Bureau and awaits only the perfunctory
approval Of Treasury officials. While
interested heads are reluctant to dis
cuss the proposed new policy prior to
official announcement, 1t is known the
sponsors regard it as an almost perfect
structure, providing greatest benefits to
both taxpayers and to the Government,
at the same time rendering the COM
putation Of taxes an extremely simple
task.
The new structure has been the sub
ject OF intermittent study over the last
five or six years. The finished sched-
ule represents a compendium which
takes into consideration rates effected
through compromise, through the Board
Of Tax Appeals and through other
agencies which sought to establish the
q chart that embodies every factor
deemed proper to be considered in de-
probation charges, even in cases of the
most complex caliber.
The present years depression bids
fair to establish an unenviable high rec
ord for bank failures in this country.
This comes TO light in the figures of sus-
pensions for the year up to and includ-
ing two weeks of September which
shows a total of 635 failures.
Deposit liabilities of the suspended
institutions have not been brought up
to date, but involved $2l0, 1871 900 up TO
and including the month of June. For
comparative purposes, the Federal Re-
serve Board reports total suspensions
for 1929 aggregated SAP institutions with
deposits of $685., 000,0 900.
All these deposits, of course, viii not
be lost, as some of the banks will be en-
abled to reopen, while others will return
some percentage to depositors when
their affairs are liquidated.
OF this total of 635, 81 were members
of the Federal Reserve System.
A slight note of optimism is sounded
by the monthly chart of failures, which
shows declining tendency. January
was the high month with 81 failures.
followed in numerical order by April
with rs. In the months Of June and
August 81 failures occurred, while 90
closed their doors in July. For the f1rst
two weeks of September a total OF 81
suspended operations.
The steady climb of Americas auto
mobile industry to the top has not been
accomplished without its fun snare OF
hazards.
The Automotive Division Of the Com
merce Department states that GAO dill
ferent makes of passenger cars have
been offered to the public in the 35 years
since the automobile was frst intro
duced, of which only As have survived
to the present day.
Prior to 1905 there were 1856 types put
on the market of which IL are stlll being
manufactured. The next five years saw
the advent of 129 new makes OF Wnich
Ave still exist. In the following decade
1877 new makes were introduced OF whlcn
IL are still being manufactured. In the
10 years Just drawing to a close n new
makes have appeared of which 18 still
command more or less favor.
The high spot in number OF new
makes introduced occurred just after
the turn of the century Forty-seVen
new makes were put on the market IN
1901; 33 in 1902, and 81 In 1908, the
peak year. In each of the following
years over a 20-year span at least 10
new makes were introduced.
Silver stocks in Shanghai on Septem-
Der IL totaled 2O9, 400, 900 taels, OF which
126. 900 900 taels we're held in native
banks. The corresponding figures for
September were 200, 100000 taels and
l25, OOO, 900 taels, respectively.
Sycee and silver bars were valued at
los, loo. 900 taels on September IL, as
compared with lilo, 100000 taels on Sep
TENDER 4. The total number of silver
dollars in Shanghai on September II
was 100. 500 900, as compared with 1885,
200, 900 on September 4.
French governmental decree pro-
mulgated September IL increases the
import duty on corn in the grain from
10 to "a francs per 100 kilos gross. This
rate applies uniformly to all countries
The powers of resistance displayed by
principal German industries in weather.
Ing the severe depression which began
about a year ago are stressed in recent
advices to the Department OF Com
merce
While industrial and trade activity
during the last month showed some
further average recession the decline Is
said TO be no longer general, but largely
representing the readjustment Of indi-