davidaulloa/AmericanStories huggingface dataset:
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1935-03-28
From the Manager of the Store

wish to say that have been in business in West jeff
for years. and have served the public to the
best of my knowledge and ability. The seven years of
business relationship with the public has been
of pleasure and I wish to extend my appreciation to
each and every customer that has helped to make my
business success and hope in the future to them
again.
MRS CLYDE GOODMAN, Owner and Manager
4 of Goodman's Dept Store.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1935-03-28

Each ton of water in the Dead Sea
contains 1877 pounds Of salt
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1935-03-28
SALE STARTS
MONDAY AT
10 O'CLOCK
APRIL lst,
CLOSING
APRIL 9th.
GOOD NEWS

Here is news to electrify the
city and surrounding coun-
try! News that will spread
like wildfire. On the streets,
in the homes, friends will
tell friends; neighbors will
confer with neighbors-eve-
rywhere this news will be
the chief topic. COME AND
BRING YOUR FRIENDS.
The Skyland post. [volume] (West Jefferson, N.C.) 193?-1988, 1935-03-28
Yes, These Certainly Are Cash Prices

Boys overalls, per pr..-.-.....-.....
Mems hats, each.
Great reduction in mems. dress pants
and work pants CSC and up
New spring line of coats now in display,
prices from ......-...-$S.95 and up
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
Chicago Grain
BY the Associated Press.

By the Associated Press.
CHICAGO. June 27.-Dominated by
anxiety over possibilities of widespread
destruction Of wheat by black rust.
wheat prices ran up wildly in late
trading today.
Announcement that the pest had
been found in Spring wheat near Rey-
nolds. N OAK. indicated that the
United States 1885 Spring wheat crop
had been attacked at an almost I'M
precedently early date. Suggestions
were also current that aside from any
black rust injury to Spring wheat
Northwest, 100000 to 100000
bushels curtailment of the Nebraska
Winter wheat crop might result.
Wheat in Chicago, just as the mar
ket closed. scored a maximum over
night gain of S cents a bushel, the
greatest change permitted for any
single 24-hour period. The close was
strong, 4l2a5 cents over yesterdays
finish, September. 85si as; corn. Ia
25s up; September. 767sa771s; oats,
134a21s advanced. and provisions va
rying from II cents to % cents gain.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
CORPORATION
REPORTS
TRENDS AND PROSPECTS OF
LEADING ORGANIZATIONS.

NEW YORK, June 28.-The fol-
lowing is today's summary of corpo-
ration news prepared by Standard
Statistics Co., Inc, New York:
Chrysler Corp.-Retail deliveries of
Chrysler cars in week ended June %
totaled 1,121 units, against 1,155 in
previous week; in first IS weeks
Chrysler car dealers delivered 22,337
Chryslers, a gain of "a per cent over
like 1884 period.
Studebaker Corp.-Retail deliveries
of company in May were the largest
since May, 1882. totaling 4,538 units,
a gain of II per cent over May, 1884,
and 3l.4 per cent over May, 1888;
production in June was expected to
approximate $500 cars.
Zenith Radio Corp.-Company has
started production of new models with
initial orders of 100000 on hand.
Gobel adolf, Inc-Federal Judge
Byers, Brooklyn, granted to the COM
pany an order directing Federal Of
ficials to show cause on July /, 1885,
why they should not be prevented
from collecting further processing
taxes from the company.
American Zinc, Lead & Smelling
Co.-Special meeting of stockholders
of this company was postponed to
July Is, without transacting any
business; stockholders were scheduled
to have acted on plan for elfmina-
ton of dividend arrears on present Sc
preferred, reduction in that issue and
creation of new prior preference stock
and additional common stock.
Hudson Motor Car Co.-Retail sales
of Hudsons and Terraplanes at the
present time are ahead of last year
by nearly 1000 cars; untitled orders
were said to indicate a fine produc-
ton for July.
General Cable Corp.-Company re-
duced copper wire prices cent a
pound.
Armour & Co. Gllinois)-Reported
purchase of Memphis Packing Co. by
this company was neither denied nor
affirmed by officials; a purchase price
Of 81 ,000, 900 was mentioned In Mem
phis dispatches, which stated that d.
rectors of Memphis Packing had voted
to sell and that the matter would come
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
TOBACCO ARRIVES
IN LARGE VOLUME
Movement From Southern Mary.
land to Baltimore Market
Well Under Way.
Ry thu Associated Press.

BY the Associated Press.
BALTIMORE, June 28.-Tobacco,
the States eldest crop, was moving
in large volume today from Southern
Maryland to the State tobacco ware
house here.
Giant hogsheads of the leaf, the
production of which dates to Colonial
days, are hauled to the warehouse in
trucks for weighing, sampling and
marketing 1t is last years crop,
which has been cured and packed in
the hogsheads in the area where 1t
was produced.
Upon reaching the State warehouse,
in charge of State Inspector Albert
j. Lomax, it must remain in quar-
antine for IA days. At the end of
this period the weighing and sam
pling takes place.
The height of the movement will
be reached during July and August.
Many truckloads already have been
unloaded at the warehouse.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
STOCKS END DAY
WITH FIRM TONE
AlcoholS and SpeCiaIties
Strong and Utility Shares
Are Given Late Play.
WHAT STOCKS DID
BY VICTOR EUBANK, .
Associated Press Financial Writer.

hooOCldICO EICoS WIlIcIs
NEW YORK. June 28.-The stock
market moved into higher ground to-
day. but it travelled in first speed.
Selective buying was the rule. Alco-
hols and specialties displayed strength
throughout and the utilities we're given
late play. The close was firm.
Transfers Appropriated 10000 shares.
The alcohols moved up following I'M
official estimates that second-quarter
earnings reports of the larger COM
panies would be highly satisfactory.
The power and light stocks were &C.
corded renewed attention when Rep
resentative Huddleston of Alabama,
speaking before the House. was cheered
upon his plea for regulation and not
destruction"
Much Of the news was not especi-
ally stimulating, but the selling urge
apparently was not present in the
equities list. A squirt in wheat at
Chicago of as much as S cents a
bushel. the days allowable limit, was
attributed to the appearance Of black
rust in the Spring crop districts.
Cotton pushed forward and other
commodities were better Rail bonds
recovered. Foreign gold currencies
were higher in terms of the dollar.
Shares of Columbian Carbon, Spie-
gel-May-Stern and Air Reduction got
up about 2 points each. Others gain
ing fractions to around l included
American Commercial Alcohol, Ma
tional Distillers, Schenley, Commercial
Solvents, American Telephone. Con-
solidated Gas, Public Service of New
Jersey, Santa Fe. Great Northern. New
York Central, Southern Pacific, Good
year, U. S. Steel, Safeway Stores, Du
Pont. Chrysler. Westinghouse. Cerro
de Pasco, U. S. Smelling, American
Smelling and j. c. Penney.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
TIRE ADVANCE TALKED.

NEW YORK, June % @.-The Lee
Rubber & Tire Corp, according to
John j. Watson, president, has been
discussing the matter of an advance
in tire prices. If rise Is decided
upon 1t will be effected regardless
Of the action Of other manufacturers,
states Watson.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
New York Cotton
BY the Associated Press.

BY the Associated Press.
NEW YORK, June 28.-Cotton de-
veloped increased activity and firm
ness today. with prices making new
high ground for the month and
movement.
Unfavorable crop reports from the
Southwest and the f1rmness of wheat
prompted buying in october contracts.
which sold up to or slightly above the
111a cent level.
The market was firm at mid
afternoon, with net advances OF about
II to 16 points.
Ill cAAn d.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
PACKING OF TOMATO
CROP GETS UNDER WAY
Special Dispatch to The Star.

Special Dispatch to The Star.
HEATHSVILLE, Va, June 3D.
Several of the early tomato packing
houses in Northumberland County
opened this week and started paying
so cents per five-eighths basket for
green tomatoes.
Several small shipments have been
made to Baltimore and other markets,
and liberal shipments will be moving
by next week.
The season has been unusually IA
vorable for the growth of tomatoes,
and the fruit is large and of fine
quality.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

Approximate Sales Of Stocks on the T. Stock Eschange
ll:00 AM..... 100000 l2:OO Noon. ....... $4,000
1:oo PM-.... $4,000 2:00 P.M-.. $4,000
Total sales for the day 100 900
Dividend The annual
declarations " ''
sUn Of trading less than 100 shares tAnnual
extra. Accumulated dividends aPaid this year bPad last
year accompanies reported being
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

Federal deposits
insurance law.
In the eight
weeks from July l
a lot more con-
sideration may be
given tc proposed
changes in the
permanent insur-
ance plan and it
may be toned
down in some re-
spects and made
more acceptable
to the majority
of the banking
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
Liverpool Quotations.

bales. including 900 American. Spot in
better demand; improved business done;
prices five points higher; quotations in
good middling 7.O5: strict middling 500;
middling 6.S5; strict low middling. 6.75;
$50; good ordinary. 500 Futures closed
steady. July. 6.42: October go. Decem-
Der. 6.0l; January. 600; March. 500;
May. 5.97.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
up for stockholders action July 9, 1885.

Pure Oil Co.-Company has filed
with Securities and Exchange Com
mission application for registration of
S32.OOO,000 of 15-year sinking fund
notes due July. 1850, and carrying nom
detachable common stock purchase
warrants; application also covered
registration of $4,000 warrants and
100000 shares of common stock to be
used in connection with these war
rants.
National Steel Corp-Operation
are to be resumed at Clarksburg
plant of Weirton Steel Co. July l
after a shutdown since June 3.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
CottOnseed Oil.

CottOnseed Oil.
detachable cottonseed oil futures
closed strong. July. 900; September.
1905: October, 10.03b; December,
1902; January, 10.03b. Sales. lat
contracts. including two switches.
Bid.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
METAL MARKET.

NEW YORK. june. IS R.--copper
export. 7.2Oa7.25. Tin steady: spot and
nearby. 5I.s0: future. 81 80. Iron quiet,
4nSsah s1 Lead steady SPOT seW York
Zinc quiet: East st. Louis, spot and fu-
ture, $50. Aluminium. 19.00a22,00. Anti
mopy. spot, 1915.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
MONEY MARKET.

NEW YORK. June % 0P.-Call money
steady; u per cent all day; time loans
steady: 5000 day. " offered; AS months.
cent; bankers acceptances UNCHANGED; re-
discount rate. N. Y. Reserve Bank. Ia
per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
D. c. BANKERS HAIL
SURETY EXTENSION
Pleased by Joint Resolution
to Continue Insurance
T. Set-up Unchanged.
BY EDWARD c. STONE,

Washington bankers expressed keen
satisfaction today over the news that,
the Senate and House had passed the
joint resolution extending for two
months the present provisions Of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

46 40 McAndl ews&Ft2.
35h % Mccall Corp 90 80,
Sh w McGraw Hill Pub. ..
45ss 1854 Mcintyre Porcu 20:
81 5A McKesson & Rob. =.
As 80 McKesson Il Rob pf
1874 81 Mcclellan Stores. ..
2Sh 1Sss Mack Truck tD....
AN 30h Macy (R H)& Co(2)
IN 81 Madison So Garden.
SO 1885, Magma Copper CD.
2 V Madison & Co. 1900.
1914 8 Madison & Co pr. ..
~ AZ Marancha Corp.
81 81 Marine Midld (40c)
1ON ga Market st Ry pr pf.
5 2ss Market St Ry pr. /.
3Oh 20 Enthusiastically
IN 6N Marshall Field. ....
9M s Martin Parry. .....
So 23N Mathieson AlkQ ~
AN 35N May Dept Str (1.60)
1O3 SAN Maytag LIST pf t6)..
51k Al Melville Shoe (t2). q,
5% 8 Mengel Co. ........
3Sh 20A Mengel Co Of.
80 PAN Mesta Mach t1h)..
~ 2h Miami Copper.
1914 81 Mid-Cont Pet a15c.'
1914 81 Midland Steel Prod. .
102 GOA Midrd Stl LIST pfts).
HIN 1O5 MINI H Reg pr to-.
5A 3H MINI Moline Pow. ..
55N 81 MINI Moline Pow of
8 IN M ST p & s 8 M Is In
1874 1O1s Mission Corp. .....,
Ga 2M Mo Kans & Texas. .
3 IN Mo Pacific (d)....s
4 IN Mo Pacific pr d..
16ss 1ON Mohawk C M(a25c) .
3Oh 21N Montgomery Wards
IN u Mother Lode. -
2SH TN Motor Products Cd.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
RaIiimnre Quotations.

BALTIMORE June 2S lP.-fClose.l
Wheat, No >. red Winter, garlicky, spot
domestic. SO; June. SO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

Chicago Cash Market.
Cash wheat No. 2, red. smutty, 1888;
No. 3. red, 1914; corn. No. 2, yellow,
ISL 2-86: No. 3. yellow. S4l2-&: No. 2.
white. 8914-1a; oats. No. 8. mixed
feed. 81; No. 2, white. 4012 -43; no rye;
no buckwheat; soybeans. No. 2. yellow,
80: net track country stations; barley
actual sales, As; nominal feed. $3.50;
mailing, 60-100: timothy seed, per
cwt.. 800: new crop. SIS; clover seed,
per cwt., 13.00-18.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

Many other controversial features
OF the Eccles bank bill may also I'M
dergo changes before the bill is finally
passed. Right now, however, bankers
here and elsewhere were more in
terested in extension of the insur-
ance provisions.
The temporary plan covers all saw
ings accounts up to $4,000, while the
permanent plan would raise this
amount to $4,000. The permanent
plan also proposes to increase assess
ments on the banks for maintaining
the insurance fund to sum which
the banks consider excessive. All
these matters will now be given further
congressional attention with the posi-
bility of vital changes before final
passage.
Keller Joins Finance Staff.
William H. Keller, industrial engi-
neer, has resigned from the staff of
the Trundle Engineering Co. of Cleve-
land to become director of the engi-
neering division of National Refinance
Corp, with headquarters in Washing
ton.
Mr.. Keller, who was a member of
the War Industry Board, has been
active for the past 10 years as con-
sulting engineer in the field of ousi-
ness and financial research and has
served many outstanding industrials.
including Goodyear Tire & Rubber
Co., United States Glass Co. and Pitts
burgh Bridge & Iron Co.
National Refinance Corp. also an
nounces the appointment of Lawrence
j. Burby to its examining division
staff. Mr.. Burby was connected with
r. G. Dun g. Co. from 1925 to 1881
and is a member of the District of
Columbia bar.
Columbia Bank Votes Dividend.
Directors of the Columbia National
Bank, at a meeting held yesterday
declared quarterly dividend OF $3.50
per share on the outstanding stock,
payable July l to shareholders of
record on June %, President Frank
j. Stryker announced today.
Chief changes in the rules and reg
ulations governing mutual mortgage
insurance under the Federal housing
act, which have just gone into effect,
ere:
/. Reduction of the maximum in
terest rate allowed on all classes of
insured mortgages to fiat 5 per cent
per annum. This is the maximum.
Lower interest rates may be charged
by the lending institutions.
2. Reduction of the insurance pre-
MUM on all classes of insured mort
cages to fiat p of ! per cent per
annum.
3. Refund In the form of credit to
all mortgagors who have been paying
insurance premiums at the cid rate
of per cent per annum on certain
classes of mortgages.
Simplification of the rules will meet
the full approval of members of the
District Bankers Association. At the
Hot Springs convention a Govern
ment representative was frankly told
that the procedure was so involved
that the banks we're unwilling to
bother with mortgage insurance and
were having as little as possible to do
with it. The new rules may change
this attitude, which had become very
general.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
As Kiplinger Views Bankers.

Bankers were called politically timid
by w. M. Kiplinger Of Washington in
On address at the Rutgers Graduate
School of Banking. Their influence
in Washington never has been great"
the business and banking commenta-
tor said. THE reason lies in the fact
that bankers, as a class, must ride
many different horses. Ordinarily
they cannot afford to take strong
stands against pending legislation or
current administrative policies. They
would run the risk of antagonizing
certain good customers"
In the same address Mr. Kiplinger
predicted profitable business in bank
ing in the future, but less profitable
than in the past; centralized control
Of credit policies, the trend always
being in this direction; more different
kinds of lending within a single bank:
fewer banks and not more banks, and
gradual extension of branch banking
in one form or another.
Bankers here today expressed agree
ment with his general ideas on the
future of banking, but did not agree
with his statement that bankers are
tmid. They have taken strong
ground against the proposed banking
act Of 1885 and have been most out
spoken in presenting their views before
Congress, several financiers said, in
coming to their defense.
Bonds in Strong Demand Here.
Anacostia g. Potomac r. R. first IS
sold at 80 on the Washington Stock
Exchange today on a $1,000 turnover
up half point from the last previous
sale. Washington Railway g. Electric
Is were also II demand, $1,000 selling
at 1855, likewise an advance over the
last previous sale.
City & Suburban SIS came out to.
day 87K, frsctionally higher thar
other recent sales, and two sales il
Capital Traction SIS appeared on thu
board at eta around the best price
OF the year.
In the stock division, five share.
of American Security & Trust Co. sole
ex-dividend at 1913. Sixteen shares o
washington Loan q lTuSI SIocf
moved at 200, same as the last recen
sale.
Heard in Financial District.
The recent issue of $23s, O00, 00C
Federal Land Bank bonds was the
largest ever foated, the coupon rate
was the lowest, the oversubscriptior
the largest and its distribution to the
public the widest.
An interest rate of per cent ha:
been announced by Gov. w. I. Myers
of the Farm Credit Association fol
the Federal Land banks. This brings
the rate for new loans through ma
tional farm loan associations to what
Gov. 'Myer claims is an "all-time low
point"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

NEW YORK June % QP.-Net operat-
ing income for railroads reporting today
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
RAILROAD EARNINGS.

a-Including extras.
g-Declared or paid so far this year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

ID9s liz ByerS "a III ...sss
60 80 Byers "A NJ Of.
421s 1884, California Pkg az
IL II Callahan Zinc. .....
A.. 21a Calumet & Hecla.
1884, 7la Campbell Wyta20c,
1851 ga Can Dry 6 A H0c).
1884, 9as Canadian Pacific. =.
Sc 30 Cannon Mills (2).
Ala 32la Cap Adm pf A 3D..
63 45E Case q ~ Co.
1Ol S3l3 Case Old Of o..
49N 36H Caterpillar Tr(tD..
25ss 1919 Celanese Corp. ...-
A. 17s Celotex Co Id. 100.
33L liz Celotex Co pf Id. g.
55k "a Central r r of N J.
63.4 3Sks Cerro de Pasco CD.
6hs 3H Certain.Teed Prod.
1874 % Certain-teed P Of. -.
45.s BIN Ches & Ohio t2.so).
44Ts s6 Chesapeake Corpt3)
2ts u Chi&East Ill pf (d) =.
2H Il Chi & CT Westn (d) E.
8 u Chi Mil st P & Pac. &.
~ a Chi Mil StP&Pac pf.
5ss Is Chi & Northwest. t.
1Oss ~ Chi & Northwest Ut
8 41s Chi Pneumatic Tool
34A 20 Chi Pneu Tool of ..
ga ! Chi r I & Pac td)..'
4 IL Chi RIG P6S (d)..
~ 1ss Chi RIP 7% pf(d).
29l 25h Chickasha c o CO..
III 3ia Childs Co.
5O& 81 Chrysler Corp (tD.
PAN 20 City Ice & Fuel 90.
100 81 City Ice & F Of 81.
3O7s 2sN Clev Graph Br (tD
SO so Clev & Pitts t3h)..
57A $685. Coca-Cola tA)t3)..
1914 1874 Colgate-P-P t50c)..
1874 9 Collins & Afkman..
977a 69% Collins 4 Ak of CD
1875 10s4 Colo & South. .....'
8 3ss Col Gas & Elec. 80.
II 351s Col G & E of A (6) =
So Ban Colum Pic v t c (t1)
90 81 Colum Carbon 90. .
48Ia 1914 Comcl Credit t2) ..
1l2h 112 Comcl Cred PITS W
68h 56K Comcl Inv TT (t1..
231s 17ks Comcl Solv tt60c). .
1ss y Comw & Southern. T..
ATS 29h Comw & Sou pf (3).
36% 27 Congoleum-N I.60)
AZ 23% Conn Ry & 1t (4h)
tn 3A Consol Film. ......
22M 14h Cons Film pf (t1A)
81 1874 Consol Gas N Y ~.
99k TN Consol Gas pf (5). I.
101a 61a Consol Oil. .......-
5 21a Consol r r Cuba pf
III n Consol Textile. $50
13M ga Container Corp tA)
5M 2h Container Corp tB)
" a. Cont Baking (A). =.
59M AGA Cont Baking Of 90
S5sa 62N Cont Can t2.40)...
37h 2sN Cont Ins (t1.20). =.
IN y Cont Motors. .....
20 15k Cont o Del (a37hc
4Sh AN Corn Ex Bk&Tr (3)
76A 81 Corn Prod Ref 80.
6h An Coty Inc. .........-
1914 35N Cream of VIII (t2)..
1874 23h Crown c & 8 ~. d
S& 31z Crown Zelleb'k vtc.,
25N IA Crucible Steel. -. :,
68 AIN Crucible Steel pf. ).
IN / Cuba Co.
81 5,S Cuban-Am Sugar. d
S0A 40h Cuban-Am Sug Of.
47h 40 Cudahy Pkg (2h).
1851 S9h Curtis Pub Of Cd. /.
8 2 Curtiss Wright. {.
10M 6N Curtiss Wright (A)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28
INSURANCE STOCKS

NEW YORK. June IS GP-NeW York
Security Dealers Association:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

Liverpool Grain Prices.
LIVERPOOL. June % LF9.-Wheat fu-
lures closed IRREGULAR.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

IL II Vadsco Sales Corp.
2lA 1lh Vanadlum Corp.
los 81 Van Raalte LIST pr Z
3s. "a Wick Chem (t2).
As 21a Va-Car Chemical.
27h liz Va-Car Chem So Of
10lh So Va-Car Chem 10 pr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-06-28

14h 9k Ohio Oil (a15c).....
AS 1 Oliver Farm Equip.
1854 13Z Oliver F E pr of A. .
So 3ss Omnibus Corp.
7S ~ Oppenheim Collins.
20& 11h Otis Elevator t60c)
12413 LOG Otis Elev pf (6)....
IA Az Otis Steel. ........,
46 22A Otis Steel pr pr. -
104 80 Owens-Ill GlasstD
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1935-08-15
T,HE NEW Roosevelt tax bill re-


Gently passed by the House car
ries a joker which promises to snap
back and hurt the six Democratic
members from this state. The
Roosevelt bill taxes and levies
against all insurance moneys-un-
der the provisions of the act it will
mean also that insurance compan-
les cannot pay beneficiaries immed-
lately. Uncle Sam will have to I'M
wind his bureaucratic red tape
first.
Our Democratic members of Con-
gress have apparently decided that
they want the widows mite as well
as the millionaire's shirt.
This is the first time in the his
tory of the nation that life insur-
ance payments have been sought
as means of raising revenue. In
the State of washington about sew
en-. persons out of every ten carries
some kind of life insurance or in
surance, yet before these policies
can now be paid the government
wants it's bit: