davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1936-05-26
DC. B0NUSAIDS
HOUSING BY
3M|LL!0NS

AS a direct result of the is
suance of "baby bonds" to World
War veterans on June Is, approx
imately $3,174,0o0 will be expend-
ed on housing within the District
within a reasonable length of
time.
This figure, based on the more
than $16,OOO.OOO to be distributed
to veterans here in the form Of
the bonds, reveals only one of the
many ways by which the bonus
money will assist in rehabilitat-
ing trade.
The percentage of the money
to be paid for housing has been
regarded as particularly impor-
tant by many observers, because
this branch of industry has been
tagging behind several others in
the recovery professions.
Other Fields
However, experts point out, the
final payment of the bonus, for
which The washington Times
and other Hearst newspapers
waged a 17-year battle, will also
mean the seeping of untold mil
lions of dollars in cash into other
fields.
For instance, it is believed that
in Washington about $1,139,000
will be paid to clothing stores for
various articles of attire by vet
Grams whose bonus will give them
the first chance in years to pro-
cure needed habilaments.
Heading the list is the pay
ment of old debts, which will
occupy 31.3 per cent of the
money to be expended, accord
ing to a nationwide survey con-
Quoted by the American Legion.
In Washington, that percentage
will bring more than 100000
into the Golfers Of retailers and
professional men who have in
many cases been sadly strapped
because of delinquent accounts.
Million for Savings
Also within the District, in
vestments will account for ST.
$4,000; automobiles and acces-
series for $1,058,O00 furniture
and home equipment, 1925, 900;
savings accounts, $732,000; in
surance, $553,000; purchase of
lots, $26O,Ooo; and education,
$146,0O0.
In the classification of housing
fall four factors. They are the
repair of existing homes, $780,
900; the building of new homes,
$748,000; the purchase Of exist
ing houses, $1,058,000; and the
painting of houses, $276,000.
The figures are based on ques-
tionnaireS sent to some $4,000
ex7service men, who were as
Sumed to be receiving full cash
payment of the remaining
amounts of their bonuses on
June Is.
Confederation of many of the
items in the expenditure list
comes from veterans in Washing
GOIl u1CeTV1eWeu PRESUMABLY.
Will Cancel Bills
For one veteran like Ray L.
Woodward, of the Civil Service
Commission, who said he would
keep his bonds as an investment,
there were dozens like Frank G.
Ellison, also of the Civil Service
Commission, who declared today
he would use his bonds to cancel a
number of doctors bills and other
expenses arising from sickness in
his family.
At the Department of Com
merce, Nelson A. Miller, chief of
the retail trade section, revealed
he would "pay off the mortgage
on his latest kid" take care of
other bills and probably buy suit
he would not otherwise have OBJ
tanned.
The Washington times., 1936-05-26
Need Trees for Holes

BOSTON G.N.SO. - Sidewalks
Of Boston have 1900 tree holes,
but no trees. Last summer ERA
planted $4,000 trees and left 1900
holes. Park Commissioner Will
liam P. Long wants to know who
will furnish the remaining sap
lings.
The Washington times., 1936-05-26
No extra cost

With Slvertowns on your you'll not only enjoy
greater safety-geater riding comfort but you'll also get
months of extra troubleree mileage. And remember,
Goodrich Safety Silvertowns cost nota
penny moro than other standard &C3
tires! Come in today.
The Washington times., 1936-05-26

ToNT wait until after you have blowout to switch
- to Goodrich Safety Silvertowns Putting off until
tomorrow the purchase of safe tires easily be an
open invitation to serious accdent-or worse.
Todays high speeds generate terrific heat inside the
tire Rubber and fabric begin to separate blister
forms and grows bigger and BIGGER. You get warn
ing until BANGl A blowout And you need more than
driving skill to keep off the accident list
To give motorists real blowout protection, Goodrich
engineers invented the LfeSaver Golden Ply layer of
special rubber and floating cords scientifically treated
The Washington times., 1936-05-26

to resist heat BY resisting internal tire heat this
ing Golden Ply keeps rubber and fabric from separating
1t keeps bisters from forming. And when you prevent
the blister, you prevent the highspeed blowout.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
INVESTMENT FIRM
HOLDS Open HOUSE
T. P. Burke & Co. Moves to
Merchants Building.

t, P. Burke & Co., investment
bankers, today held open house to
greet customers and friends in their
new offices on the second floor OF
the Merchants Bank Building.
The new quarters of the company,
formerly occupied by Sipes Jewelry
Co., have been remodel to meet the
requirements of an investment
house. The offices were designed for
the convenience of the public and
the efficient operation of the COM
pany's business.
Various departments of the firm
have been divided off in separate
sections. In addition, there is a. large
reception and customers room, and
a number of small consultation
rooms. A mezzanine floor has been
built to provide for the file, supply
and mail departments.
The T. P. Burke e. Co., besides
conducting a general securities bust
ness, also maintains private wire
connections with leading New York,
Chicago and indianapolis invest
ment firms, and has branch offices
in Fort Wayne, South Bend, and
Terre Haute.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
HOG PRICES UP
10 TO 20 CENTS
Cattle, VeaIers Unchanged;
Lambs Are Weak to
UnevenIy Lower.

New strength developed in the
pork market today at the Indianap-
oils Union Stockyards and as a re-
suit prices were generally 10 to 20
cents higher than yesterdays best
average. With the market active,
the moderate upturn extended to
practically all divisions.
A slight increase in the total
number of shipments failed, how
ever, to have any depressing effect
on the price situation Todays' sup
ply was, estimated at $500. compared
with $500 on hand yesterday. Hold
overs numbered 217.
The general bulk of choice kinds.
weighing $50 to 225 pounds, sold at
$lO.65 to $10.75. Medium weights
from 225 to $50 pounds cashed in at
$10.55 to $1,000. Extreme heavies
from 300 pounds and upward
brought 1895 to $1015. Light pigs.
weighing 100 to $50 pounds, sold at
$40 to $1,000.
Trading was slow in the cattle
market and prices steady, especially
on all slaughter classes. Bulk of
steers ranged from $3.50 to $765.
while heifers brought 81 to So. Good
COWS were absent. Receipts num-
bered 400.
Vealers also were stationary, with
the bulk of good and choice selling
at SO to $40. Receipts were 300.
Lambs were slow despite small
supply, and indications were weak to
unevenly lower Only few desire
able clipped lambs were available.
Small lot of clipped natives brought
$40. Receipts were 500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
On Commission ROw

Quotation below subject to change arc
average, Wholesale prices being offered IL
buyers by local commission dealersl
crate. s3:25; Alabama, 24-qt. crate. s555.
bmes.Mexican. carton, zoe. Bananas,
seven hands. pound. SC. Delicious
Lemons-Sunkist (300s). s6.25 Grapefruit
Imperial Valley $3.50. Pineapples-Cubans
odoS-5OSl. crate, 81. Grapes-S. America,
S ~ box. So; Honey Dews. s. America.
VEGETABLES : Beans. green. round
cabbageNew Texas t eqs oiiS sa5o hail ali
c crate, $Ise Carrotsmcalifornia is,doz.
c flIewer F California 2s crate sisS
ldozj, 45@85c; Florida t4s, IS, los cratel.
s325. Cucumber-Hothouse (doz.). si.25:
't do9 DOS 9999x'' s22S Egg PI;ant3Tl05ds
sl1o: Lettuce-Iceberg, Arizona Cbest SIS.
55s l; 81 Is; home grown leaf Q5-lb. basket.
Sl:25. Endive-California ldoz). Use. Pep
Soc; doz.. 30c.. Mint--Hothouse (doz), 60c
Mushrooms-Pound, 3ec. MuStard-Texas,
half bal crate, $40. onions-Indiana yellow
low. 50-lb. bag, s1.35 Parsley-Southsrn
dong lunches doz), 35c Parsnips-
Home,grown washed. bushel. 9oc; half
Potatoes Michigan Round whites i6o4i5.
Rag 81 20; Michigan Katahain. 100-lb bag,
$235; r. r. Early Ohio 100-lb. bag, 50 %:
R E. R Tr 5SoRh doo9 bag Idaho
Jos box, $3.50; New Texas Triumphs, 5O-lb.
bag; 81. Sweet potatoes-Tennessee Nancy
Halls Halls hampers, $50. Radishes-Home-
barb-,Hothouse, bunch Soc Rutabagas-l
Northern 50-lb: bag. SIPS. Sage-Dos,
a a3G SSeell0tbssLonsiana doz s5c Tur.
toes-Repacked. 10-lb box, ST IS: Florida.
orig. $3.50, lug, $3.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
MORTGAGE OFFICES
ARE OPENED HERE
Otto Meyer & Co., Inc, in
New Quarters.

New offices of Otto Meyer g. Co..
Inc, indianapolis mortgage loan
correspondent for the Lincoln Ma
tional Life Insurance Co. of Fort
Wayne, Ind. have been opened at
1207-8 Fletcher Trust Building, it
was officially announced today.
The company intends to provide
its customers with a complete real
estate and loan service, with loans
to suit all needs, running from 5 to
Is years and payable on a semi
annual basis. Other services offered
are property management, insurance
in the largest and most substantial
companies, and investments.
officials of the local division are
Otto Meyer, president, and F. S.
Kirkwood, secretary treasurer. Both
men hsve had considerable expert
ence with indianapolis properties
for the last Is years, and have been
actively engaged in the sale of mort
cages in many other states.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
Other Livestock
(By United Press,

n1ifh In, $500 directs generally steadJ
to Shade lower: TOP sioso buzz snceS i5 SssG
70 16s 40 $s dSss0 10: 259S0S lbs $500
9.25: smooth light weights. s9'S5 c sGIey
Of killing classes about Steady. very sI iitfIs
rom sers sale Ref @9s'Y iar kEs
81 soar. % in small lots: beef cows uD ia
weightv sausage kinds at S. 40: veaIefs
STEADY; mostly SO down. Sheep-ReceiptS.
5000; fat lambs SCARCE in narrow demand,
loads choice wooded lambs. sII.T5G12.i0:
strictly choice Colorados going at outside
few medium TO good spring lambs. sii:
St tTok s?0is %A S sind Nav Hog
:$s SsSSzS EB $685. SsSS SSS IS
sl0I5: i20-i40 lbs s10:- 1920 lbs. 1915.
Roughs.. 50; So. stays. s6.75: calves. $3.50:
k Eet i5Ga5i higher eS M i3o H Ss s ms
1850: 2lo,2ss lbs, sio3s@1o;4 40; 2sss
Gioio: 14o-i7O lbs siOd iO.25; iOo-1sG
lbs. s9.25d9.75: roughs. 50 down. Calves,
SO down Wool lambs. $3.50 down: clipped
lambs. SO; spring lambs. sl2 down.
fBv Times Specisll
LOUISVILLE Nav 1-Csttle--Recefutz
IT'S: demand narrow for lieht salabe SUB
PLY most sIauRlnter cattle: market olotahIs
barely steady: most steers and heifers
light weights considered eligible to around
1925: common killers down to $3.50; bulk
beef cows. $500: good kinds uuotabie TO
around 1856: most low cutters and cut,
ters. .s3.7564.75: sausage bulls considered
salable mostly s5,5oGs.2S; light beey typs
Calves-Receipts $50 including avs stock
calves: market generally steady. bulk good
choice, SO: medium and lower grades 81
down to around 81. HoEs-Receipts. 500:
market SC higher: TOP and bulk better
ie0-25s lbs. si035: 23o-250 lbs. si0.05:
255-3e0 lbs 50 so: 3o5 lbs. up ss.o5:. 100
l55 lbs $3.50; .sows. ss.15 sheep-Re-
ceipts rs: market generally steady. on
slaughter sheep and lambs: medium 10
good old crop wooded lambs S5.50de:
choice eligible higher: palmer grades s66
$50: bulk fat wooded ewes 81 50 down: bet
ter spring lambs Thursday. SiiN12.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
100000 AIDED
BY IRA, SAYS
REX TUCWELL
ReSettlement Head Reports
on First Years Work
Over Radio.
BIZ United Pres

BIZ United Press
WASHINGTON, May II The
Rural Resettlement Administration
in the first year of its existence,
lent a helping hand" by loans or
grants to 100000 farmers and their
families, Rexford c.. Tugwell said
today.
The RIA administrator, in OBJ
serving the first birthday of his or
ganization, said in a network radio
address that I'VE have made good
progress" toward achieving aims set
forth by President Roosevelt in Gre
ating IRA a year ago.
I'VE were given two jobs to do"
Mr.. Tugwell said. The first was
to care for some $4,000 farmers
and their families who we're in need
of immediate help. The second was
to do something about the poor
and WORKOUT land which has made
decent farming impossible"
In working toward that goal. he
said, IRA loaned nearly 100000
600 to 100000 farm families. He
estimated rs per cent of this either
had been or would be repaid.
Definite Progress" Made
The IRA, Mr.. Tugwen said, has
made definite progress" in rescu-
ing "our farm people from the
hopeless. disadvantage of working
poor land. 1t will take years, how
ever, to solve the problem, he said.
Pointing out that poor land
makes poor people" Mr.. Tugwell said
"the depression had taught even
the most conservative of us that
it is not true that the poor are
poor because they are lazy and
shiftleSs."
During the year IRA finished
buying 100000 acres of poor land
which was converted into parks and
game preserves and obtained options
to purchase 100000 more acres.
IRA is building 10000 of the
best low-cost houses ever con-
structed." "We have not thought of
prettiness, but we have thought
long about foundations, roofs and
time-resisting materials" Mr.. Tug
we'll said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
MORE INSIDE
TRADING SHOWN
IN SEC REPORT
Pacific Western Oil Hikes
Holdings of Mission
Common.
By United Press

By United Press
WASHINGTON, May The
Pacific Western Oil Corp. of Jersey
City, N. j., increased it's holdings in
the common stock of the Mission
Corp. by more than so per cent last
month, a Securities and Exchange
Commission report revealed today.
A study of trading by insiders"
showed that the oil corporation ac-
quired Ill ,166 shares of the security
in series of Is transactions run
ming from March 4 to 81. at the
current New York Stock Exchange
quotation. running around $21 a
share, the additional holdings alone
are worth more than s2,300,000.
Pacific Western Oil now holds
320,798 shares of Mission Corp.
stock, as of March 81. The last
similar report issued by the SEC
showed that the oil company had
purchased only 1900 shares in
February.
G. M. Stock Is Sold
Further study of the commission
report disclosed the fact that John
j. Raskob, prominent business man
and member of the American
Liberty League, had sold 1000 shares
of General Motors common stock
on March 26. General Motors sells
for something over $50 share.
Seven officers of the automobile
company received blocks of stock
during March as compensation. y
These were, according to the report,
A. C. Anderson, who received II
shares; r. H. Grant, 731 shares;
Ormund Hunt, 1889 shares; Meyer
l.. Prentis, TIP shares; Ernest w.
Proctor, 692 shares; John L. Schu-
mann Jr., 1888 shares; Alfred H.
Swayne, 313 shares.
The report also showed that
Leasing j. Rosenwald, director of
Sears, Roebuck & Co., had sold 2165
shares of it's valuable common stock
in 10 different blocks. Frederick
Lewisohn, officer and director of
South American Gold and Platinum,
was revealed to have sold 10,850
shares of its common during the
last two months and Edward C.
Westervelt, another director, dis
posed of 300 shares.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
REAL INCOME
RECORDS CAIN
DURING MARCH
Average Citizen Enjoys "a
Per Cent Increase,
Study Shows.
Times Special

Times Special
MINNEAPOLIS, May 1.-THE av-
erage American had "a per cent
more real income during March
than a month earlier, the current
consumers study compiled by In
vestors Syndicate showed today.
The increase was due, the survey
says, to the fact that wages and
salaries increased, while food and
clothing prices declined.
Real income on April / was 4.4I
per cent higher than the same day.
year ago, despite a steady rise in
housing costs and a trifling in
crease in food quotations and gen.
eral expenditures.
This gain IN real income-that is,
the differences between actual earn
ings and living costs-that took
place between March l and April /,
reflects increases of 48 per cent IN
wages and 81 per cent in salaries,
and declines of 16 per cent in food
and three-tenths of l per cent in
clothing prices during the period.
Meanwhile, housing costs continued
their rise, being up seven-tenths Of
l per cent during the period"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
New Business Books
Available at Library

The following new business
books are now available at the
business branch of the Indian
apolis Public Library:
MONEY: THE PRINCIPLES OF
MONEY AND THEIR ExEMPLIFI-
CATION IN OUTSTANDING CHAP
TIERS OF HISTORY. by &. W. Kem-
merer. This volume will be followed
by one on banking
INTERVIEW AIDS AND TRADE
QUESTIONS FOR EMPLOYMENT
OFFICES. by L. A. Thompson Jr.
and others. Interviewing and clas-
styling applicants who ehibit a be-
wildering variety of skin and ex-
Eerienee. places a heavy burden on
the staff of any large employment
office"
TECHNIQUE OF ADVERTISING
LAYoUTS. by F. Fl. Young. Includes
reproductions of actual iayouts de-
signed for important advertising
MANAGING THE PEOPLE
MONEY. by Joseph e. Goodbar. An
analysis of banking policies and
banking control and their relation TO
economic stability.
A MANUAL FOR HISTORY MU-
SEUMS, by A. C. Parker. A guide
TO the. organization and administra-
ton OF historical museums.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
STANDARD OIL STARTS
TRAINING CONFERENCES
ESQ Service Men and Dealers
Expected to Attend.

Approximately $50 service men
and dealers of the Standard Oil Co.
of Indiana are to attend tonight
the first of a series of training con-
ferences to be held in the Lincoln.
A new summer sales program, in
GLIDING a sales contest with Chicago
trips as prizes, is to be explained in
new and novel manner in a sound
picture, which was especially filmed
for the Standard Oil Co. with Holly
wood stars.
The advertising schedule for the
summer also is to be outlined. In
dianapolis officials and statesmen
who will participate are E. P. Gal
breath, H. H. Akers. G.. E. Lewis, G..
S. Heath. R. H. Schellschmidt, and
Simon Heemstra.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
EARNS s2.56 A SHARE
Business Machine Corp. Reports
S1,SS9,921 In First Quarter.
Times Special

LfWCs NpcCtut
NEW YORK. May 1.-The In
ternational Business Machines Corp.
today reported earnings for the
three months ended March 81. 1896.
of $l,S89,92l after all charges and
deduction of estimated Federal
taxes. equivalent to s2.56 share
on 73S,934 no par capital shares
outstanding.
This compares with earnings for
the corresponding 1885 period of ST.
77l,9i4. after all charges and de-
auctions of estimated Federal taxes.
equivalent to $3.50 share based
on an equal number of shares. Earn
ings for both years include those
of foreign subsidiaries.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

the surtax, whatever it may be-
and it may be very large.
But If the corporation does not
distribute its earnings then they
do not form any part of the stock
holders income and thus escape
the surtax.
W7HAT the government should
w seek is to make up the loss
Of taxes which it suffers when a
corporation does not distribute
any part Of its income.
The President, to do this, has
made the extraordinary proposal
that all corporation taxes be abol-
ished, save tax on undistributed
income.
But is there not another way?
/ urged
l. That the government retain
the present corporation income
taxes of Is per cent.
2. That it tighten up the ex-
cess profits tax and retain the
capital stock taxes as an essen
tial check on excess profits tax
evasion.
3. That, then, in order to cap
ture the taxes lost through cor
porations' failure to distribute
earnings, the government impose
a tax on those undistributed earn
ings.
This would accomplish all that
the President seeks without sac
rifcing any of the gains under the
present law.
DUT also the tax on the undis-
~ tributed profits would not have
70 be so great. 1t need be only
a fraction Of the present proposal.
The chief thing to be kept in mind
would be to fix the tax at rate
which would yield the Treasury
what it now loses on surtaxes.
A proposal like this would be
easy to understand. 1t would bring
to the government the funds it
needs. 1t could, indeed, be made
a far more fruitful tax. And at
the same time it would impose less
burden on industry and be fraught
with fewer dangers.
What is more, there would be
fewer loopholes for tax evasion. 1
predict that If this new bill be-
comes a law a whole new batch
of loopholes will be invented un-
der it. This was true of the pres
ent plan of corporate taxation.
But year by year the Treasury has
been plugging up these holes. To
abandon the present plan is to
force the government all over
again to cover the ground of learn
ing how to impose corporation
taxes.
Copyright, 1896. by NEA Service. Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
FRUITS AND VEGETABLES

CHICAGO. May APPLES. MeIntosn.
bu.. sl@s1.25. Carrots. illinois. bu., 25cI
s0c Sweet Potatoes. Tennessee. bu., ST. Il
a. 20. Beans, Louisiana. bu., s263. Cab
ern,. crates, 5 doz.. s2.5OG3.25' Peas.
California. bu. hampers. slMl.75. Spin-
sch. Arkansas. bu.. 75c@sl.50 Tomatoes.
E MeiHfcani Jugs. s2oOa3;75; Caulihower.
Florida, crates, s203.25. Onion market
loo-lb. sscksI: Illinois yellows. Michigan
yenoWs AND Indiana yellovs. $50 soc !:
on Ihln y yeiloWs' Soc; Texas white wax.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
Produce Markets

Ths prices quoted are paid for stock
gathered in the country, while delivered
Heavy breed hens, tic: Leghorn breed
hens, i4c; old cocks &C: ducks. white, 5
lbs and over. 7c. geese fun feather, all
sizes, Sc; all guineas Ia lbs snd up. 15c:
No. ] strictly fresh eggs loss OF. lie: de-
hvered IN Indianapolis. l8c. Each full
case must weigh SIS lbs gross: deduc-
ton OF 10 cents pound under IS lbs.
will be made. No. butter 30tx d 81 iac.
No. 2, 27ia 28iae Butterfaf. 26c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
CIV United pr.ssl

CHICAGO. May l.-Eggs-Market STEADY.
receipts. 3T543 cases: fresh graded frsts.
2oisc; extra hrsts. ale: current receipts
lstsc;. dlrties 1880. checks leLc Butter
Market unsettled: receiDts. i0.3is tubs:
extras 'S7 scoTe, 2siac: extra firxts 900
s5asss sD Sss rs;s 1875 $3.50 ssoTs
26Ac Poultry Market unsettled: re-
CENTS ~. trucks: ducks i3ni7c: geese. i0N
l1c. broilera. ~ use: spring chickens 2661
2sc' hens ITO 20isc. turkeys. BOA &c :
capons, 1920. Leghorns l5RIac: frvers.
z4m2ec. Cheese--Daisies. i4ts 9l4kTc:
twins. tfM;44c. L.onRhorns llismi4a4c
Fofatoes-Suppiy light demand light mar
ket steady: Idaho Russell Burhanks. s3H
lao. Wisconsin Round Whites 81 fn. North
Dakota Cohhlers 81 go; Early Ohios sl .6s1i
llo ALy}YalA 70. al on track. ship-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
ARMY TRUCKS ORDERED

IWeS Spect0T
DETROIT, May 1.-The Federal
Motor Truck Co. has been notified
by the War Department of anothef
order for Army motor trucks, totals
ing 27S units to be built at cost
of approximately $350,0G0.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

At present all
C o rp o rations
earning yer
$4,000 a year
are required TO
pay an income
tax Of IS per
cent on their
earnings before
d 1 S tri buting
dividends.
When t h e
dividends come
into the hands
of the stock
holders they
are not subject
to the normal
tax Of 4 per
cent. But they
are subject to
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

Proposes Changes
in New Tax
Bill.
by JOHN t. FLYNN

NEW YORK, May Ia report
4 from Washington indicates
that in the Senate a movement is
on foot to alter greatly the new
corporation tax bill. The proposal
is in line with the suggestion made
by this writer when the subject
was preached.
The plan may be described as
follows:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
Local Securities

by Indianapolis Bond and Share Corp.)
The following quotations do not repre-
sent actual bids or offerings, but merely
indicate the approximate market level
based on buying an6 selling inquiries or
recent tranSactionS