Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1936-03-12

Gil 0H
paid AAA processing
M" taxes. In this the
fiscal experts followed the suggestions
of Mr.. Roosevelt. They told the sub
committee that the proposed corpor-
alton surplus tax would yield the gov
eminent s62O,OOO,0 900 annually. The
President has estimated that this
amount will be needed to finance the
new farm program and the soldier
bonus.
The so-called ''windfall" tax on
professors who successfully challenged
the AAA in the courts, 1t was be-
lieved. would yield. another $20O,0OO,-
600. This will be used to reimburse
the treasury for losses suffered as a
result Of the Supreme courts invalida-
ton Of AAA. There remains an adj
ditIonal $4,000. 900 which It is pro-
posed to raise through excise taxes on
a wide range Of farm professors.
Chairman Hill said the experts and
the members of the subcommittee were
agreed that the tax on undivided sur
plus should not apply to banks and
life insurance companies.
There was wide divergence Of opin-
lon concerning this tax among lead
ers in congress. Senator James Ham,
ilton Lewis Of Illinois, Democrat, for
instance, declared himself against 1t as
an unnecessary additional burden on
business, and indicated he would sup
port, instead, a plan to tax the In
come from federal securities now ex-
empt. Senator Borah, Republican.
said that in principle he endorsed the
plan of taxing undistributed earnings,
while Senator Hastings of Delaware,
also Republican, denounced 1t as "con-
fiscatory." Senator King OF Utah,
Democrat, and Representative Knutson
Of Minnesota. Republican, were moved
by the program to demand Immediate
cutting down OF federal expenditures.
and in this Mr.. Borah c%oncurred.
Speaker Joseph w. Byrns and Major
ity Leader w. B. Bankhead protested
to see no difficulties in the way Of
the proposed measure.
One thing that boosted the chances
Of the Presidents tax program vas a
report from Secretary of Commerce
Roper that corporation income In 1898
was 800 per cent higher than In 1882.
TN THE course Of his probe Into the
L affairs Of enemies of the New Deal,
Senator Black of Alabama, chairman
of the lobby committee, assumed the
right to seize and examine their pri-
vate kilograms, and thus his investi-
CATION was carried into the courts.
Silas Strawn, Chicago attorney
learned the committee was about to
subpoena his kilograms and he OBJ.
tained a temporary injunction blocking
such action. He has asked the District
Of Columbia Supreme court to make
this injunction permanent.
The wholesale examination OF tele-
grams was attacked by Representative
Wadsworth of New York, and defended
by Senator Black.
ut strikes me-" Wadsworth said,
that we have reached a strange stage
In the development of democracy when
private correspondence can be seized
without court procedure or search war
rant"
Black said: Repeatedly 1t has been
held that the senate can call for what
it pleases. There appears to have been
a concerted effort by those who seek
to influence legislation behind the
scenes, through subterranean channels,
to prevent us from getting evidence"
GOVERNOR LANDON'S boom for
" the Republican Presidential nomi-
nation Is progressing In a way that
must be pleasing to his supporters.
Kansas Republicans In a state conven-
ton pledged him the states IS dele
gates to the Cleveland convention, de-
claring him to be "the best-fitted can-
didate." That Kansas should support
It's governor is natural and expected,
but he also is %garnering a good many
delegates elsewhere, and Endorsement
In some states where the delegates are
unlnstructed.
Sentiment favorable to Landon ap-
peared In New Jersey, and Hervey S.
Moore Of Trenton, a Republican leader,
was contemplating starting an active
campaign for him In that state.
ON THE third anniversary Of his
~ Inauguration President Roosevelt
pushed an electric key In the White
House which set In motion machinery
that closed the sluice gates of the
Norris dam In the Tennessee Valley
project. This slgnallzed the completion
Of that part of the vast work on the
Cllnch river.
Il hope as many people as can will
go to see the Norris dam In eastern