davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
NEWSPAPERS OPINIONS
LooPHoLEs IN THE TAX LAWS

The Wall-Street Journals Washington Bureau
reports the Intention of the Treasury Department
to seek legislation to exclude methods of "tax eva
sion" now being attempted, and TO tighten up the
undistributed profits tax by closing the loopholes
believed to exist. s..-. ..
1t is extremely regrettable that almost all con-
cerned in discussion of this matter should continue
to loose and queston-begging terms, the effect
of which is to confuse thought on the whole thing
This newspaper has frequently pointed out that
tax "evasion" is thing and tax avoidance"
another The former is illegal because fraudulent
and immora; the latter is legal because it is not
only neither fraudulent nor immoral but is in fact
a logical consequence of the very nature of taxa
ton by law 1t seems to be constantly necessary to
point out that tax law is peculiar in that it must
be strictly construed to its terms, and doubts
must be resolved in favor of the taxpayer. In this
it is analogous to a railroad tariff, and the law
has always held that tariffs must, when doubtful,
be construed against their makers.
To talk of legislation being needed to stop tax
"evasions" is to talk nonsense. An evasion is
breach of the law, punishable such and matter
for the judiciary and not the legislature. Legisla
ton may be necessary desirable to close loop
holes in the law, by of which taxpayers act
ing on the strict terms Of the law may lessen the
amount of their payments, but that is legislation
to exclude tax avoidance" not tax evasion.
The power of the federal government to tax is
unlimited save by the general terms of the ConStl-
tuition Subject only to that qualification tax law
may be illogical and unjust--as is, for instance,
our present law concerning capital gains and losses.
1t has no spirit" of any kind, requiring it even
to be rational. Whether it is in fact rational or
logical or just depends entirely upon the will of
the trainers to observe such considerations. But
the right of the taxpayer, in the light of those
considerations avail himself of every opportun-
ty that the terms of the law afford him to keep
his taxes at the minimum, is unquestonable in rea-
son, morals and law. . .4,,.. .. ....
If our tax laws are to be revised with the pur-
pose of closing loopholes for avoidance" where
they may exist, it is to be hoped that at least con-
corning the undstrbuted profits tax law considera-
tons of reason and prudence will not be wholly
ignored and that some of the evident evils in the
law will be rectifed Our experience with its work
ing is short but it is convincing that many modit-
cations are necessary if it is not to produce grave
disturbances in corporate fnance.-Wall Street
Journal
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
ATTEMPTING THE "UNTHINKABLE"

Some of the so-called compromises on the Pres
idents court-packing program, devices to save his
face and prevent the breakup of his party which
perhaps unwttingly-he has been promoting, real
ly deserve better at least franker name
Every project which involves the use of consti-
tutional amendment to assure his professed obJec-
tves such as the retirement of justices at the age
of rs and the requirement of more than majority
of the court to invalidate the act of Congress, is
disguised surrender the part of the Administra-
ton forces Amendments to such ends seem to us
surpusage; but they are legitimate because they
put it up to the people.
ANY compromise however which gave Franklin
Roosevelt the right to appoint even one additional
Justice would be surrender, complete and abject,
on the part of men whom a grateful country now
acclaims as the defenders of it's institutions The
power to enlarge the membership of the Supreme
Court is the power to destroy its independence,
and that-and not merely liberal courts what
the President is after If he can bring it about,
the highest court in the land is to be the plant
agent of his wishes. If Congress sanctioned this,
it would be equally his serve instrument.
Only one affirmative act from Congress is called
for, and Mr.. Roosevelt would not like it at all. An
amendment should be submitted to the States for
bidding any change in the size of the court, unless
by further amendment the people of the country
so decree. Years ago. Woodrow Wilson noted this
weak point in the Constitution, but said it was
"unthinkable" that any President would take adj
vantage of it, and through enlargement of mem
bership attempt to control the court Events-and
Mr.. Roosevelt-have shown that it is not unthink-
able That is what he is trying to do.-Cnemnat'
Times-Star .
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

too iaSt In ms StudleS. Many an
employee has been stopped in his
progress by being advanced too
fast. Many a man has become
beggared for life financially and
morally because he made money
too fast. And nations have cast
themselves down, never to rise
again, because they went too fast.
The big idea is to go ahead in
such way as to stay ahead. As
long as there is advancement
there is cause for contentment.
Steady, substantial progress is
more to be desired than rapid,
risky progress.
There is an old saying which
we should do well to keep in mind
that the longest way around
may be the shortest way home.
/ had the point of that adage driv-
en- deep into my consciousness
once when | was on camp hunt.
About shutdown | found myself
miles from camp. | had arrived
at where | was by a circuitous
route, which / knew. The hour be-
ing late, | decided to save time
by taking short cut straight TO
camp through territory with which
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
PAYING BIG FELLOWS TO CUT
PRODUCTION

At first glance the large payments to certain
farmers and farming corporations made by AAA
for soil conservation efforts seem to invite crit-
cism. Some of these payments run into thousands
of dollars. ;,,. .... ..... ...
The largest payment for 1896 was $6O,3sS to
the Delta Pine & Land Co., in Mississippi man.
aged by Oscar Johnston He formerly was an AAA
official managed the government cotton pool, and
is now a non-salaried director of the governments
commodity credit corporation.
Johnston's huge cotton-growing corporation
monumental enough to have long article written
about it in Fortune magazine, was financed largely
with British capital. 1t is familiar name in bene-
fit lists having received payment of more than
$4,000 under the original AAA reproduction
program. In % instances, soil-conservation pay
,nents Of more than $4,000 have been made. Some
OF these recipients must be conserving lot OF soil.
Payments ran even larger under the old AAA
representation program. One, Florida-Lousiana
sugar corporation received more than $1,0O0,0o0.
Amounts of similar size were paid to single sugar
corporations in Hawaii and Puerto Rico A ives
tern wheat grower, who rented land from the In
dams at SO cents to $3.50 an acre, received bene-
fits averaging 81 an for curtailing wheat on
land that would grow about a bushel to an acre
His total payment was $50,OoO.-Westbrook Peg
Ter in Charlotte Observer.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
SCIENTIST CHURCH
REJECTS NECROMANCY

"Ancient and Modern Necrom-
acy, Alias Mesmerism and Hypno-
tism, Denounced" was the subject
of the lesson-sermon in all the
churches and societies of Christ
Scientist, on Sunday, May 30.
The golden text was from Jere-
miah 15:20,21, 81 am with thee
to save thee and to deliver thee,
saith the Lord. And | will deliver
thee out of the hand of the WICK.
ed, and | will redeem thee out Of
the hand Of the terrible
Among the citations which COM
prised the lesson.sermon was the
following from the. Bible: ~
Lord. how great are thy works.
and thy thoughts are very deep.
A british man knoweth not: Meth
er doth a fool understand this.
When the wicked spring as the
grass, and when all the workers
of iniquity do flourish; it is that
they shall be destroyed for ever.
But thou, Lord, art most high for
evermore." Psalms 90 :5-S)
The leSSon-scrmon also lnclud-
ed the following passage from the
Christian Science textbook, Sci
ence and Health with Key to the
Scriptures" by Mary Baker Eddy.
"Animal magnetism has no scicn-
tifc foundation, for God governs
all that is real, harmonious, and
eternal, and His power is neither
animal nor human. It's basis be-
ing a belief and this belief ami
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

WASHINGTON - The question
w whether the Securities E%-
change Commission should en-
phasize Il desire 10 "bc fair TO
The brokers ani bankers" or n de-
termination to protect the in
weston" has again become all is
sue, following resignation Of
Chairman James NJ. Lands.
Crusaders for adequate re8uia-
lion and for enforcement OF th@
securities act, claiming that the
New Deal has provided neither,
insist that RooSeveltS decision will
tell whether the administration
really means its frequently rciter-
ated promises 10 protect security
holders.
Commissioner William o. Doug
las is out in front as the most
likely successor TO Lands. Bat if
The professional manipulators OF
what Justice BrandciS used 10 call
"othcr peoples money" have any
thing to do with Il, Douglas won't
get the job.
q .
ylOUGLAS is m able lawyer and
- an expert on corporation law.
When he was at Yale he was said
to be one of the highest paid law
professors in the United States.
He has had experience in the Sc
curitics business.
He handled one Of the SECS
outstanding jobS-an investigation
Of corporate reorganizationS and
The work of protective committees,
with 4 report and 4 legislat 've
plan submitted to Congress. He
demonstrated his fcarleSSncSs in
speech TO the Bond Club during
which he told New York bankers
that investors were being gypped
by financial Germs which
reapcd commissions on stock
and bond hotationS far in excess
Of the value Of their services.
Douglas boldly declared in favor
of competitive bidding for the
privilege Of handling new issues,
as against the traditional Wall
Street custom. which he said often
enabled certain banking houses TO
monopolizc such business. He
charged that fees were being e%-
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
most WAsTEFUL AND BUREAU
CRATIC"

Every man, woman and child in the
country ought to be interested in the fiscal
policies of the federal government; in the
financial condition of the government; in
its income and expense accounts; in its 35
BILLION DOLLAR debt, which has been
increased Ia BILLION DOLLARS under
Roosevelt's administration; in deficits,
which continue by the billions, and in bor-
rowings and many other details of the fis-
cal policies of the present administration.
We say the people ought to be interest
ed in these matters-because they will
have to pay the debt and will have to bear
the unpleasant consequences of the mis-
takes and Encouragement of the admins
tration.
Millions there must be who are delud-
ing themselves with the thought that tax
burdens do not fall on them-that taxes
soak only the rich-but we have it on the
authority of no less a parsonage than the
President himself that, Takes are paid in
the sweat of every mans brow
Either the all-wise President was right
when he made this statement-or he is not
all-wise.
This newspaper believes that was one
time when Roosevelt was right.
All of which leads us to the conclusion
that it is highly interesting to have the
honest views of one United States Senator
not Republican, but Democrat whose
principles and position no man can reason
ably question - on the policies of the
Washington administration, The man is
Senator Byrd of Virginia. Associated Press
dispatches from Richmond, published
throughout the country the past week,
quoted speech by Senator Byrd, as fol-
lows:
Senator Harry F. Byrd of Virginia told Uni
verSty of Richmond students today that there
exists at Washington the most wasteful and bu-
reaucratic form of government that has ever
been known in our history" ..,.,f Sd ,.
Byrd, speaking at the university convocation,
said that with the extended operations of the
federal government, some of which may be
benefeient and desirable, the cost of, these nu-
merouS bureaucratic machines of duplicated
tivities is too great to be borne"
'They are rapidly becoming Frankensteins-
the eontriyances of ingenious idealistc theorists
that may grow powerful to destroy the
right of citizens to liberty, life and happiness,
he said. -....
''This is probably because the great bureau
cratic machines, once established and made OPP
erative, can rarely be dismantled."
Byrd chairman of a senate committee gov
ernmental reorganization, said he made his state
ments after Investigating for months the. OPP
erations of the federal government" He warned
"the danger is that in meeting and overcoming
one crisis we must not create another one" .
We pass this along for what it is worth
in the enlightenment of the public.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
THE N EW e A L
IN WASHIN
BY RODNEY DUTCiiER--
6Y RODNEY Ut lCill.H
NEt Service Staff EOrreSpOnGcnt

acted for underwriting when there
was no need for il.
Wall Street didn't like il at all.
And its cmiSsaric%. ~ Douglas
presumably must have antici-
patcd, have been pulling all pos
sibIe wires here 10 see TO Il tina,
Douglas doesn't SGccccd Lands.
Investors may well watch as
closely rs they can the progress
OF this behind .hc-SccncS battle.
The appointment OF SECS next
chairman will sncd aomc light as
TO the integrity OF the New Deal.
IF Senator ice Robinson cf Ar
l. kansas goes On the Supreme
Court, ne fight for The very i'm
portant post Ct majori.r leader in
the Senate is CXpcc,cG - be be-
tween Senator Alden Ba.I;lcy OF
Kentucky and &c">,or James +.
Byrnes OF Sou;h Carolina. Don't
ignore the "ii.D
Barley would be thc admins
tration candidate for the job. lie
is liberal without ccin1 radical
anG comes flrm a state which Is
far enough nr',h and {. : enough
south TO EgLgc as q acf,cning fac
tor i'm the Troublesome sectional
problem in Congress. He gets
along well with all f%rtions and
has qualities Of Leadership.
Byrncs also is popal;r, but not
so much with liberals rs with con-
scrvativeS Although his ability is
obvious I'd his rclati0' ships with
Roosevelt have been close IN the
past, the white House hasn't for
given him for seeking an amend
mcnt TO the GuiTcy coal act which
would have forced the President
TO Sign--or rcjcct-an unqualified
condemnation Of Si;dOwn strikes.
1t is rather vital 60 The PrcSi-
dent to have a Senate leader VI
unqucstioncd loyalty. ConSe-
oucntly, if Senate Democrats
should choose ByrncS in prefer
ence 10 BarlIlcy. it would mean
that the current Senate revolt
against the White House direction
had gone far into the dangerous
stage.
lcoDyrlght. 1897. NEA Service. Inc
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
GRADUAL IMPROVEMENT
By WICKES WAMBOLDT

| was not familiar. As a result.
/ found myself about dark in a
swamp among treacherous quag-
mires and snarled up in tan
gled jungle of saw palmettoes and
bamboo vines, and beset by
swarms Of voraciouS mosquitoes.
l was longer reaching camp than
if / had taken the longer way,
and | had run a chance of never
getting there at all.
The United States just now
seems of a mind to go into new
conditions, and to get there in a
hurry. We had better make sure
that we know where we are go
ing and how to get there, else we
may through moving too fast find
ourselves lost in Il jungle of COM
plications and catastrophes which
will set us back a hundred years
and even destroy our republic.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

Windsor and Wallic Warfeld will
take place on June 2, thus bring
ing to an end the romance for
which Edward gave up his throne"
1t probably will. 1t probably
will.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

prov Z III I III l. III
fact, it is better
to improve too
slowly than too
fast. S u d d e n
changes may be
destructive.
Many a person
has been pushed
far back because
of too rapid i'm
provement. Many
q child has been
mentally dwarf
ed for life by be-
ing maze to go,
or allowed to go,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
RESTRICTS CREDITS

COQUILLE, Ore. CUP).-Sales
of all county-Owncd property for
less than 500 will be for cash
only, the county court decrccd
here. Sales Of more than 500
worth Of property will include the
provision for terms, 20 per cent
down and the remainder in install
ments.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
PARK VISITED 4s YEARS

MEDFORD, Ore. (UP).-Alice
Hamilton of Klamath Falls made
her 4Sth annual visit TO Crater
Lake national park this spring, it
was stated in formal report filed
by David II. Garfield. park super
intendent. She has been making
annual pilgimageS to the park
since 1889.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31


self-sceking persons to find some
one to put over big civic task?
Why not? You might counter by
asking why not go to perslmmon
tree looking for big, red apples.
Things don't happen that way.
Selfish citizens, seeking person
al gain, sometimes taking advan-
tage of others, don't bear much
civic fruit. Jacob likely would
have made a very poor civic work
er, at least before his vision at
Bethel Gen. 2S:l2). A self-seek-
ing persons reputation usually
defeats whatever efforts he might
make along civic lines. He must
have n change Of attitude toward
things in general, call it Il spirit
ual. moral, civic or whatever pro-
cess you may.
"You don't catch that man go
ing round doing things unless
there's something in it for him,
"was recently said of person
whose efforts for public good
were discounted because of his
reputation in private life.
Such people often undergo a
change i'm attitude though such
change may not be of a revolu-
tionary nature.
A good, inspiring speech,
splendid piece of civic work, some
wcll-written article or a solemn
contemplation may soften a per-
sons heart toward his community
TO the point that he can see, as
did Jacob, that he has been the
recipient of great blessing Tvs.
10, A. 49, and consequently
feels a responsibility or obligation
which he wishes to discharge
creditably ". 22).
We are prone to let our dreams
Of better citizenship drift and
fade out without emulating jacob.
Such dreams should be acted upon
at once ". 49,.
Nnen you Hd'C az ''"p :,
do something for your community
and don't know what would be the
most practical thing, make Il con-
tribution to your Chamber OF
| Commerce or some other active
body. Such organizations are al
ways struggling to accomplish
worthwhile things for the com,
munity, and they usually need
money. -,
Sometimes decidedly anprom-
ising person has change OF heart
and develops into a fine eiVle
worker.
There are times, seasons and
ulaces when man responds most
! nobly. Civic leaders should study
| the weak-point, or the best side OF
approach.
The change of characteristic
from selfish to unselfish, usually
gradual, may be nurtured to al
vantage.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
TOLEDO RENTALS up

TOLEDO. (UP) Recent in
creaSes in office rentals have led
state banking officials To consider
sale Of the 23-Story building
which has housed the former Ohio
Savings Bank and Trust Co. The
structure cost $5,0O0,OOO 1T is
mortgaged for half that sum.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

NAL, in Science animal magnetism,
mesmerism, or hypnotism is
mere negation, possessing neither
intelligence, power, nor reality,
and in sense it is an unreal con-
cept of the so-called mortal
mind" (page 1927
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
puR Sc. sNATcHER ON CYCLE

LoRAIN, o. (UP)-Miss Soph-
ie Zolenski was victim OF a
"snatch-it-and-ride" bandit. A ID
year-old boy rode by her on a BIZ
cycle and grabbed, her purse as
/ he passed. shuuA aniJ1oq,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
THE VERY LEAST

About the least a child can do
in return for the care, trouble and
expense his parents are put to on
his account is TO show them re-
spect and obedience.
"Well, anyhow, l love you,
dad" said a girl who was habit
ually impudent and willful.
"If you truly loved me-" re-
piled her father, "you would be
respectful and obedient. And I'll
tell you something else" he went
on; eff | had to choose between
your respect and obedience with
out your love, and your love with
out your respect and obedience, !
should choose the former. A
child's So-called love without re-
spect and obedience is an empty
thing. There never was truer
statement than Solomon's asser-
ton that sharper than a scrpenc'S
tooth is a thankless child"
1T OFTEN DOES
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

The safest, sanest method of
going ahead is by the law of grad
ual improvement. Gradual i'm
provement is the best kind of inn
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

But regardless of who indorses these
congressional measures it's the public who
has to make 'em good.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

From the way them-air Rooshians are
claiming the North Pole, you'd think our
Mr.. Peary had never been there. 49,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

Under these new wage and hour recon-
mendatiens, industry would walk the plank
or feel the board. - Z:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

Hitler has ordered the German people
to chew their food longer. But don't you
know, herr, that chewing brings on reflec-
tion2 4 Is ~. se; - uo1''"
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

It's wonderful world for fish and pessimists
IT'S three-fourths water and nine-tenths trouble
DIN Miller. .,...-..
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

q, If Washington honorables do not know
it, it is about time for the court-packing
season to give way to the valise packing
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

Octayus Roy Cohen says contract bridge has
ruined conversation. And vice versa, oetavus, vice
Z versa Auarta Journal ~ e Is
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

Genesis 2S:l to 33 :20).
Do you ever look to grasping,
self-Sceking persons to find some
one to put over big civic task?
Why not? You might counter by
asking why not 60 to persimmon
tree looking for big, red apples.
Things don't happen that way.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31
1T OFTEN DOES

Said radio announcement:
"The marriage Of the Duke of
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-05-31

The change of characteristic
from selfish to unselfish, usually
gradual, may be nurtured to aa-
vantage.
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1937-10-07

logassak mar tovabb, de lehe-
t6leg gyiilesen fizessek meg.
Testverek, egy. fontos kerest
iistezek on0khiiza a tagsag sa-
Nf {rdckeben. ARA kerem ono
ket, 'hogy e gyiilesre hozza Ell
a cimet, irja be olvashat6an
egy lapra, hogy en- ICY alkalorn
adtan minden taggal levelez-
hessek, ha ARA sziikseg van.
Jelenleg egy betegsegely ma
lam van mar haroms hete, csak
azert, inert a tagtestver cinet
nem tudom.
.. GYORGY TAMAS
la Trembfe Ave, Campbell
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1937-10-07
SZTRAJKOK
F0L0S SZAMBAN /

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