The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1940-06-27

the tax rate applying to corpora
tions.
4. A five-year super tax on all
existing income and excise tax
levies, amounting in most cases to
10 per cent of the existing rates.
Instances in which the increase
amounts to more than 10 per cent
are: gasoline. increased from 1c to
l Hsc per gallon; liquor, increased
from $225 to So per proof gallon;
cigarettes, increased from &c to 7c
per pack; beer, increased from IS
to Sc per barrel; wines, increased
by 20 per cent over existing rates.
The super-tax levies are estimat-
ed to yield $652,OOOOOO annually
for 5 years. The other changes,
which are permanent, are estimat-
ed to yield $4,000, 900 annually.
The new revenue will be ear
marked to retire in five years the
4 billion dollar defense bonds
which are authorized by the bill.
That will require 300 million dol
lars annually, exclusive of interest.
The balance of the new revenues
will go into the general fund of
the Treasury.
Government Planes To Allies
The Administration on Thurs
day last, made the most significant
gesture of aid to the allies since
the repeal of the arms embargo
last fall by ordering so Naval re-
serve planes traded back" to the
Curtis Aeroplane Company, and it
is generally understood that they
will be sold to the Allies. This is the
first of a series of transactions
expected shortly to supply the
hard-pressed Allies with planes by
the 'trade-in" route, and to make
available large World War army
stocks of guns and ammunition.
Italy Issues Warning
The Italian press spokesman,
who no doubt speaks authorita-
lively warns the United States to
keep out of this war or expect to
see Europeans invade the Ameri-
cas- After stating that no Euro
pean power has failed to respect
the Monroe Doctrine he goes on to
say, "It is therefore obvious that
by participating with too much
indiscretion in European affairs
and in the solution of problems
which have a uniquely European
origin and significance, the United
States is automatically giving to
the European powers the right to
retaliate today or at any future
time in American history and on
American territory.
eff the United States wants to
intervene in favor of some Euro
pean countries against other Euro
pean countries, we cannot see why
some day some great European
power should not intervene in fav-
or of some American nations
against the United States"
That is exactly what have been
afraid of right along. Since the
repeal of the ans embargo last
fall we have been to all intents
and purposes actively engaged in
the war on the side of the Allies,
although no American troops
have been sent to Europe. Just
what will be our position in the
event Hitler should win, and mil
itary men say that there is a
strong probability that he may do
so? This something that is worthy
! of serious consideration. For us it
would be worse than folly to long
err ingnore the possibility of Hitler
winning the war, whether we like
it or not. Our present foreign pol
icy is loaded with dynamite and if
continued will probably draw us
into war. Such a war would drag
on for years because Of the great
intervening space.
Wants Congress To Adjourn
The President does not want
Congress on his hands any longer
than is necessary. He has informed
Democratic leaders it is impera-
tive that Congress adjourn by
June 22nd, two days before the
Republican Convention at Phila-
delphia. He takes the position that
with the passage of tax bill all
necessary legislation to meet the
present war threat will have been
enacted.
If there ever was time when
Congress should stay on the job