The midland journal. (Rising Sun, Md.) 1885-1947, 1932-05-06

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So taxes and estate taxes,
...n. restoring these taxes
0sos" :. '""'s to the level Of the
rates as they were in 1924.
Mr.. Mills proposed compromise on
taxing stock sales. The house bill
provides a tax of one-fourth of. ! per
cent, but not less than four cents q
share. The secretary would make 1t
q straight four cents a share tax.
Most of the excise taxes in the house
bill he rejects, but proposes a tax OF
three-fourths Of one cent a gallon on
domestic gasoline, which is not taxed
in the. house bill.
Mr.. Mills program does not differ
much from the last recommendations
he submitted to the house ways and
means committee. 1t is now too late,
he says, to apply income taxes retro
actively to 1881 incomes. but the loss
occasioned thereby will be offset by
Tightening of the law through admin
istrative changes"
The secretary now believes that 1t
will be possible to reduce government
expenditures $2O0.OO0.00o instead Of
$120,O0O,OOO.
Articles not taxed in the house bill
on which Mr.. Mills would impose taxes
are tobacco, checks and drafts, and
domestic gasoline.
0NE more attempt to get Thomas
~ J. Mooney out Of the California
penitentiary has failed. Following the
counsel Of his legal advisers, Cover
nor Rolph denied a pardon to the
man who is serving a life term for
participation in the 1916 Preparedness
day bombing in San Francisco which
resulted in ten deaths.
VXIHAT Representative La Guardia
wv Of New York called ian epidem-
ic of economy" continued its course
in congress, to the disgust Of some in
dividual members and of certain gov
eminent officials. Drastic reductions
in budget estimates were made and
further slashes were in prospect. The
house created precedent by accepting
without conference the entire 10 per
cent made by the senate in the appro-
priation bill for the Interior depart
ment and as the budget bureau al
ready had made heavy reductions
from the department requests and the
house had previously knocked Off some
millions. Secretary Wilbur spoke of
'.the odds and ends that are left" He;
called the $4.0OO,OOO reduction in funds
for the Boulder canyon dam "hocus-
pocus," and then took. the diminished
bill to President Hoover for confer
ence.
The senate instructed its appropria-
lions committee to reduce the treas
ury-post office supply bill by 10 per
cent, and also approved reduction
Of $1,OO0,000 in the prohibition en-
forcement fund, the only important
item which the house left at the bud
get estimate. Next came the slashing
Of the navy appropriation bill by the
house.
The appropriation measure for con-
gress itself was put aside for one
week or more to give the special
economy committee time TO perfect an
amendment carrying the entire re-
trenchment program Of pay reductions
and abolition and consolidation Of fed
eral activities. The decision OF the
economy committee to put all the pro-
jected savings into one bin to be a
rider to the legislative supply measure.
as President Hoover wished. was
reached over the protest of Chairman
McDuffie Of Alabama. McDuffie said
his proposal to cut federal wages IL
per cent after exampting the first ST.
600, would go into the bin, and that
advocates Of the Hoover five-day work
week and furlough without pay plan
would have to offer It as substitute.
Mr.. Hoover thinks his plan would save
between c225.O00O00 and $250.OO0. 900
q year.