davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Farmers Market

FRUITs-Applss, Yellow Trsnsparen,s
fancy. 81 so bu-. No. /. ti.75p ? IS. No. 2
81 crate. NO ch;'ri 'S:s .eaf ~ if
IS 90 24-qt crate. No. !. S4.5oaS. Goose
s berries No J. 1sogs 2!,at crate
RAsposrriss. red, fancy. S7G7.5o 24.qt
LETTUCE AND SALAD cREENs-H,ad
lettuce ianej 81 ou Nc. J. 81 ESQ ~
Esearois No l. 50 q soc bu 10. 2 SOC
Enalvs No. ]. 7Se q Sl.2s ou. No. 2, SOC
VEGETABLE GREENs-collards. No. !,
SOC s sss bS sorr ,.ooS No l. 90 S90s'c p. sG.
Turnips. No J. 500 75c ou. Mustard No.
: 6o0 T5c hu Cabbage greens No. !. 40
r SOC bu. Kale, No. J. 30 @ soc bu Swiss
VEGETABLES MlscELLANEous-As-
psragus No. : soc ti.25 doz hchs No.
500 75c Wax beans. No T. ti.754 =
bu No ?. SIPS Flst green beans No
beans. 80. !, s.. 75p7 Is ~. No. ?, 81 IS
Horseradish No. ]. 81 son 2 ~ bu Beets
80. J. 400 SOC doT hcht.. No ! 75c 81
hu Curly cabbage. No. /, So i,2s M
Carrots, topped. s. ? 50 Ia. Carrots No
- 65c doz bchs cauhhowrr 10.
81 55H as bu No. 2 s. a. %. Ceiery
fancy. 90 y zoe do7 ochs No - zoe
20. 3. 20" 25c Sweet corr No 90 %
g ss 'f S1 CO.. Count 5gl a., 40 s.,.
krhrah SO o. q Toe doz ocns Lesps
SuG Sl1l2S dc1 hchs onions drs
80. l. Si.20n1 - SOLD sack green. So
% ~ soc doz Dchs No. . SOC Curl
parsley No T. 500 soc don. hChs PARSE
rot 30. I. t0a SOC foE Dchs Peas so
], 81 - 2 rs bu No q 81 Peppers
BOT So 5Oc peck pSSke'' sweet 10 s
sl4 sc peck basket. Potatoes. fancy No
81 4Ea i.65 bu.: no. g. IS s5c
Pa shes red fancy. 75c dor hchs 10
!. 90 CSC. No 2 soc long white No ]
o. CSC dor. ochs RhuDarb. % 3ic dcz
hchs Ear-mer squash. No. /. 75C 81 ts
Huskel. Iei.au squash. fancy. peek basket
None SO j. SiGi.25. No 2 sc ~ bss
kef Tomatoes. outdoor fancy. s. lf-'r
basket $50 j.. $1,000 -, hothouss ~
$40 if-ib basket No 2 81 50 ~ ! n
Turnips $50 J. SOC TO COZ bchs No
15c 81 bB
EGGs-Large til9u.50 s0-ooz cas-,
medium 50 60 rI025
POULTRY--Livs hens heavy breeds. 2
q 26c ID lsEhornf 23N 25c. broAerl
heavy. % Q SIC leghorn. 241z6c %.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Analyses Position Of The Prudent Fomi|ies

Let's analysis principle
involved has bearing the of economic society
desire The prudent and the thrifty families presumably
not candaousy wasting fuel oil the test period
but their enlightened self had kept their boiler and
related heating mechanism OF mechanical
Moreover desiring heat they had had their homes
thoroughly insulated had further proceeded pruden by fight
ing the outside cold with storm windows.
Thus winter they at rock bottom the
economical of fuel OIL Any drastic cutting down Of last years
oil supply must be reflected less heat than commonly
sidered adequate
In consider the position of the careless and inefficient
family They find margin of safety last allotment
of fuel OIL which they wasting substantial Even
if down half of purchases they offset the
effect Of curtamen substantial by eliminating waste and
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Hits at Regulations

The repeal Of many Tegula-
tory laws which throttle trans
portation in the United States
and which are against the pub
lie interest is urged in an
article written by DR.. John S.
Worley transportation authority
Of the University of Michigan. for
the July issue of Power Wagon
magazine.
Regulation has been stressed
for more than half a century,
the Morley article states. until
it is now frequently oppressive.
The great concern of new
member OF almost every COM
mission has been TO write some
new regulatory measure as
quickly as possible" il says.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
'IsOll-It-On'
Glidden Develops New Type
Of Paint Application

NEW YORK. July 17.-Thfee
new products, which should help
ease wartime shortages in paint
brush bristles. silk and canvas,
have been added 10 Glidden Com
pany paint division line. To meet
the shortage of bristles which
were imported formerly from
Russia and China. the company is
bringing out a new type Of paint
applicator called "roll-it-on." The
device consists of a cylindrical
sleeve made of heavy WOODEN GER
peting mounted on a metal Cyl
inder. ;,
The cylinder turns on an ROY
rod that serves as a handle. ThV
"roll-it-on" is designed for apply
ing either oil or cold water paint
on interior surfaces. Tests made
by the company indicate that the
new device will cover a surface! In
less than half the time required
with brush. = Z
II is the first roller applicator
for general paint use developed
with a removable sleeve. This
permits the use OF sleeve Tor
each color applied. Sleeves which
do actual painting can he cleared
like paint brush and used. a
number OF times. =
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
HOGS ON EVEN KEEL

HoGs-week's receipts. 900 The swine
market returned o. more even keel after
me erratic session last week. Barrows
and gifts scaling $50 los. upward finished
steady 20 iOc higher than last week =
close. lighter averages gained Csc. while
sowt held STEADY on the hnai day. is0-
240-lb butchers we're scheduled 81 Si47
n Ass; 2fn-3O0-lb. SI4.4OQi4.s5. and
3O0-450-lh. heavies S14Nis 30. The week .
extreme top Vas SIS. paid by small killers
fof odd lois of sorted ls0-22O-lb butchers
Most 150-ls0-lh. lights sold late At Si4 rs
70 - IS under bold light lights and
feeder Pigs, SD so d1a Sows buiked At
Si3250 - so some smooth light sows %
si3 IS; odd head, Si4. stags mainly $l2
gi22
sHEEP-Weeks receipts. 1.52s. Spring
lamb prices were hard hit. kinds grading
medium and better lost mostly 81 from
last week while some thin hgh,weights
sagftd ~ much % 81 a few good n
chriCe native sprin tiers topped early A. SIS.
bar ne prartgs closing top was Sif
MEDIUM fo good SPRING lambs sold late Fl
SO ~ f0 common ufhtweiEhis down ~
SO. viii 90 'h southern ciills dropping ~
loo as s. Neariirg Wethers found narrow
outlet quality however was generally verS
plain nCsi salss 81 50Te The spread ri
S3rf accounted FOR most shorn slaughter
ewes, which we're stsady.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Rail Movement
Of Oil Sets Mdtk

WASHINGTON. July 17.-nall
tank car movement of oil Into
eastern states reached a new
record high of 7s8,550 barrels
daily during the week ended july
Ia, Petroleum Co-ordinator likes
reported today. a total of $1,000
tank cars were employed in this
traffic, he said. !.
Ickes said he had not yet read
petroleum industry war councils
most recent report on East Coast
oil supply outlook and declhed
comment on the situation. He did
say in response to questions fhat
he believed all areas of the East
could be assured of delivery Of. 80
per cent Of normal fuel oil suv
plies this winter.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Soft Coal Output
Well Over Al Week

WASHINGTON. July 17.-Bitu-
minous production for the week
ended July il is estimated by the
National Coal Association at
about 10,900.000 net tons and 90.8
per cent of present mine capacity.
This figure indicates an increase
of 1871 per cent over the corre-
spending week Of 1871 when pro-
duction was 9.65S, 900 tons. Report
of bituminous coal division of de-
partment of interior shows pro-
of 11,425.000 tons for the
week ended June 81 and S.135 900
tons for the week ended July 4.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
DETR0T7g6iksz 7MES
M. S. Rukeyser
NJ. S. Rukeyser
Says RECOMMENDATION
Should End With War

Under challenge total warfare less regmenta
ton inevitable we'll keep before the people that
is evil which and should be reversed after
victory has been
vigilance stresng the abnormal character
arrangements there risk that coectvists will
the will be home refght the battle for
individual liberty.
individual initiative and enterprise time OF peace,
millions of judgment accordance with
hammerng gates general rules deemed
appropriate
while recognizing their necessity should keep in mind
the long limitations of decisions made by centralized bureau
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Building Shows
Sharp Decline

NEW YORK. July 17.-Engi-
neering construction volume for
the week ended July Is totaled
ia 10000, a decrease of 81 per
cent from last week and 16 per
cent below the corresponding 194l
week.
Public construction shows a
drop OF So per cent from last
week and y per cent below 1911
week. Private construction is {
per cent lower than last week
and So per cent lower than 1911
week.
For the year 10 date the volume
totaled S5.69S, $4,000 compared
with S3.421095, 900 last year, a
gain Of 66 per cent.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Rulings May Often Pamper the Inefficient

In the first place they install their neglected
oil burners and bring higher
maintenance and thus burning oil efficiently Secondly
incidental leakage of through walls ceilings
windows be down drasticay through modern types of
insulation and windows.
generaized rulings may often be pamper
the inefficient while penalizing the prudent
Likewise face of the shortages of time boarding
frownd and methods whereby manufacturers
and equaze supply demand through
forward buying temporarily nerdcted The effect will be
the peaks the valleys the of hucuatng
otherwise would
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17

dairy type grass heifers hrough, $40 rs
20 %. and cutter 10 common kinds IS. so
10. Grass beef cows moved At 50 u 10,
most Gamers and cutters SO. 5Od SIS. Most
welEhiy sausage bulls Sii.6OGii rs, odd
head 20 Sl2 common and medium bulls
SgtlI1 25 cutters down 10 SIS one load
~ good a76-lh. stock steers went back 10
the country N Si25O very thin horned
native stock steers 50 40
CALVES Weeks receipts. 2050. Com.
pared with late ast week. vealers finished
steady o. soc higher. mostly steady "a
strong Good ana choice grades bulked a,
So 80 an week extreme top SIS Com
mon and medium vealers Sl2n1S
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
SAGINAW Markets

SAGINAW. July ~ tUPD -TndayE rsy
,ng prices % growers for beans
7 Pea beans - 30. lighi red Ho-ets 50
rsrk rsd kidneys So r. Jtiov eyes
81 HgHf rrar berries 80. n r
cafk cfartrrrfs 81 ~.
wheat eli .02 ratr f11ffr fEc 11H
6ir sE f0vs6 harley 81 5z 1a rgrr
Whgsi s. 81 20 corn $50 $50 FJi
hssrs sitIrf 50
Prices Furnished ~ Michigan Boar CO.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
EARNINGS

Allegheny Iudlum steel Corporation re-
ports for quarter ended June 30. 1912, a
net profit OF 81. EOS. 565 after depreciation.
depletion, amortization and provision Of
81 $50. 600 for federal income and excess
antici patton Of tax increases equal after
preferred dividend requirements 10 20 cents
a share on 1883 col common shares.
against 81, 44e,ls3 or si10 share on
quarter OF previous year and A net profit
.of 1881, 426 or Si02 a share on 1,23e,
$50 shares Of the common stock reported
for the quarter ended March 81 1912.
Electric Power and Light Corporation
and subsidiaries In the IL months ended
May 81. reports a net income OF $s,1T2,
2ss equal 20 sio,s2 share aS 81 on IN, The com
ferred in dividend arrears, against 5,756
$50 or s74s on the combined first pre-
ferreds in preceding ~ months. Three
si.s5i. res or s2ii on the combined first
preferreds. against 50 032 1877 or S264 on
the combined first preferreds IN the 1871
period.
Granny Consolidated Mining. smelling
and Power Company Ltd for the quarter
ended June 30, 1912, reports net profit
OF S7s.60s after depreciation ana reserves
for income and all other taxes. equal %
~ cents share on $50, 2s0 shares Of
the capital stock This compares with a
net profit Of Si2s.0i5 or 2s cents a
year and a net profit Of Si32 i23 or 20
cents share for the quarter ended
March 81, 1912.
Johns NIanvilIe Corporation and Canadian
and domestic subsidiaries, but excluding
foreign subsidiaries for the june quarter
report a net profit Of 81, l0305i after
S.. 3i6. 6st provision for all taxes, including
federal income and excess profits taxes.
Net is equal to sl.24 a share on the COM
mon. In the June quarter last year the
net profit was SI,i572l3 after s335i.-
al provision for all taxes or 81 SO a share
on the common. and IN the March quarter
this year net profit was ssss 335 after
50. T22. 800 provision for all taxes cor II
cents on the common.
Magma Copper Company for the six
months ended June 30. reports a net profit
of 1904, ga after estimated federal in
come and excess profits taxes but before
mine depletion equal ~ Sl24 share,
against $soo,ii2 or Si.es share In the
ie4i period.
United Gas Corporation and subsidiaries
for the ~ months ended May 81. reports
si704 share on the 81 first preferred
in dividend arrears, against $3.50. s23 or
5000 on 81 first preferred in preceding
~ months Three months ended May 81,
net income was So i5s 500 or $3.50 a share
no the first preferred. against 81. SIS. SIS
or 81 - on frI preferred In the 1871
period. ~
Atlantic Coast Line Rsiload IN IN, five
months ended Nav 81. 1852 reports a net
Income ~ SIS a2s f26 after taxes and
charges equal after dividend requirements
IN , per cent non.cumulative preferred
mon shares AGAINST kt7ie.e77 or s5.73
common share IN the first five months
~ 1871, Nav net income was 81 1903 $50
against se32.6is In May. 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Detroit Stocks

Sales High Low 1900 Oh &c
2 MisS s e0, 40 2 Zoo * &. 2x i
pss pav 00i 100 geo aSo 2SsS az aGSS I
Dividends In the foregoing table are the
amounts declared or paid so far this year,
unless otherwise noted. calculating divi-
dend, bon Accommodations, ex-Ex-diyidend.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
. HEAD COMMAND sI4

Good 20 choice 1921 2s0-lb. steers
earned sl5.75 1890; tvo head ~ choice
ts1-lh. AngUs yeatHnEs commanded Sl4
sDd HrffN good $50 M weights made
10 ~ Ninerwse. medium % goOd FED
NfEt an9 ftarfrrF s1ld from Si225u
~ fI ne hiE 0u'k ~ 5000 graCss a.
~. & ~ On. Most cutter ~ common
'vr Effss steers tur-sf AZ qForif.
Igsd n me1.ur grarsefs ear'y made
fIt % arr a parsaEf ~ Heshv ueli.eDr-
lfirntd southwest KINDS reached Ni2 90
ore Toad ~ 1tf-h late arriving roUffVesf
grafs hcttfs earned Ell 50. FAT native
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Difficult 10 Do Even-Handed Justice

In period OF grave national peril II difficult not I'M
Posbete do handed Justice in each particular case
The principle be illustrated by the fuel oil situation At
the of federal authorities oil notified
they could supply only so per much oil
Specifically that be equang the sacrifice through
the seaboard where shortage
But such view oversmplfes the situation.
matter fact penalties and the
farSiGhed much than the sloVeny the careless
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
MARKETS
On the
Business
front
by WARD SCHULTZ
Detroit Times Financial Editor

IN l. \ y ) y q yesterday and
stopped IN to see Howard Stod-
dsrd, president Of the Michigan
National Bank.
Stoddard axes considerable
pride in the growth of his bank,
but he is infinitely more proud Of
the institutions lending record. In
this respect, il rates as one Of the
top banks in the country.
The Michigan National. with
total resources Of only SS2, 759. 900,
has $50 $500 in loans outstanding
for A ratio OF about one dollar
loaned out for each three dollars
in resources.
Comparable figures for large De-
troit banks show ratios ranging
from l 20 5 TO as high as ! TO II
This is no criticism of the De-
troit institutions because it is self
evident that the Michigan National
Bank does not face the same kind
of competition as do our local
banks. Serving most OF the large
Ioutstate cities, the Michigan Ma
tional is the only bank in those
localities able TO make large loans.
However, II is also obvious that
1.-The Michigan National is really
serving the communities in which
ut does business.
Stoddard also tells me that,
despite the fact that employees OF
his bank fall in the white collar
class which has not shared in the
war boom. 95 per cent have volun-
tarily subscribed 10 per cent Of
their earnings for war bonds.
ALSO IN Lansing. I was dis
tcussing the general tax situation
with one OF Michigan's tax Of
/ ficials.
was only natural that the
subject OF punitive taxation on
industrial properties should come
into the conversation and he had
this interesting bit TO offer:
II firmly believe that big
business uses fhe DOGGY of punt
tive taxation rs a smoke screen
In most cases." he said. 81 con-
cede that there are instances
where complaint IN justified hut
feel that these are distinctly In
the minority"
+ He then went on 10 cite an ex-
ample of smoke screen tactics.
He was touring one of the larg.
est new big war plants in thi:
AREA and the party came 10 {
point where the plant jutted of
at right angles.
do YOU know why the plant
turns here?" the junior official.
acting as a guide, askedl This
IL the Wayne County line and
II the plant went into Wayne
the taxes would he prohibitive."
The Michigan tax official inter.
lrupted him and explained that il
was physically impossible for the
plant TO extend beyond that point
because it would have had TO cross
"a road, access 10 which was guar
anteed the public.
That Wayne County business
was so much hooey," he said to
me. THAT fellow figured the tax
angle was more dramatic and
had been telling every one that
story. They couldn't have
blocked off that roadway IL
they'd Wanted to-"
ARMY, NAVY. Coast Guard and
WPB awards are becoming so
numerous tn a they're losing
effectiveness.
Newspapers Groan every time a
call comes in OF a new F. presenta-
Ition.
Taking cogniZancc ofrthe situa-
tion. the government may CONSOLE
date the E'S and AS and all the
rest into a single award and make
II lot tougher TO get.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17

Engineers Public Service Com
pany, Inc, has declared the regu-
lar quarterly dividends of $50 on
the Sc preferred. $l.37l2 on the
$3.50 preferred and SIPS on the
IS preferred, all payable October
! TO holders of record Septem-
Der II.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Livestock Markets
CHIC Ago


CHICAGO. July 10 CNS) -HOGS-Re.
ceipts. 20, 900: market IOc lower top
so, bulk, 40Q l475: heavies, S14 %
a ~. so; mediums, S14f001i.sO; lights,
STATS; light lights. Si3.60Gl rs: pack
ing sows, Sl3. 5o@ II; pigs, sl2. 5Oa 10. rs.
CATTLE--R zee pts. 5000: market
steady. Calves: receipts. 500; market
steady. Beef steers: choice. S13. 5og IS. 40;
medium. So. 50u IL. so, yearlings, lSaa rs.
Butcher cattle: heifers. SEA IA cows. so N
10. so, bulls. Sp.5oQ12. calves. Ss9l5;
feeders, $s6i2T Suckers steers. SIC
q 10: cows ana heifers, SSa12.
sHEEP-Receipts, 5000; market steady
lambs. S13 rs n 1i.5o; common. si2G 3.75,
yesrlings, s1I.5 a .25; ewes, 500
6 so; feeders, si21 Is,
BUFFALO
Fast BUFFALO, ". Y, July rs ONsl
HOGS Receipts 400; market &c lower
good and choice. SIS. 90; tucked-ins, SIS IL
%; butchers. S14.4OH Is.
CATTLE Receipts 1907 market un,
changed, cutter and common cows IS ~
n ? So. Gamer, $6.6 as.25; sausage bulls
81 so.
CALVES Receipts 100: market firm
good and choice. 1880 common and me-
dun. $40 sou so.
SHEEP Receipts 300 good offerings 65-
So lbs. fat bucks included. Sl4 grassy
yearlings. sea 10; fat heavy ewes, 81. so y 8.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
GOOdNeWS
From War
Industries
By international News Service

nv international News Service
MORE SHIPS-Merchant ship
ping is hitting the stride demanded
by President Roosevelt and newly
constructed shipyards will boost
1943's total production to $4,000
600 lightweight tons, 100000
more than the President re-
quested.
MORE FOODS--The agricul-
tural department has announced
production of farm goods valued
at 81, 100000 for lend-lease
and other requirements in the last
15l2 months.
MORE PRODUCTION - War
production at the Philadelphia
Electric Storage Battery Company
has been resumed after a one-day
walkout of $500 employees.
MORE PLANES-Aircraft pro-
duction has jumped 1900 per cent
from $50 10 1000 planes a
month during the first 33
months of the war.
MORE OIL - Production of
crude oil rose last week 10 1882
900 barrels a day. compared with
3,55l 900 barrels during the week
previous.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Detroit Poultry

Market weak No quotations available
EGGS Market irregular; current re-
ceipts. ave. undorgrades, 29is q 30hc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-17
Proposal 10 Tax
Non-Wdr Firms
Hits New Sndg
Opposition in House
May Seek TO Send Bill
Back TO Committee
BY FELIX GOTTEN
I'd Ne-, s,rrie. stan oorrt,ronatnt

IHfl News hfrNtee Htau tofFftF"h"'"'
WASHINGTON. July IA
strong undercurrent Of opposition
10 proposed taxes on non-war cor
porations developed in the House
yesterday as debate started or tho
new tax bill. estimated 10 yield
between $4,000, 100000 and 81 600,
600 600 of additional revenue a
year.
The House voted by an over
whelming I'll 20 is majority 10
impose a gag rule on consideration
Of the bill, whereby amendments
viii be restricted TO those offered
by the ways and means committee.
The effect OF this action is Ia
slam the gates against proposals 10
increase revenue, or 20 revise rates
for provisions in the bill as drafted
by the committee. The House
under the rule. must vote on the
whole bill. II is not permitted Ia
vote on any part.
FIGHT GAG RULE
Meanwhile, a movement had de.
Veloped-how formidable is still
uncertain--to send the bill back tc
the ways and means committee
with instructions TO revise the pro.
posed taxes on corporations.
A hard fight against the gag
rule" was waged by slender mi
Aority Of House members who in,
sisted that the total revenue ir
the bill was insufficient in the face
of unprecedented war costs. anc
that the House should have an op'
portunity to vote on specific pro
posals 10 increase revenue.
Representative Voorhis (D) oi
California insisted that the House
should be permitted TO vote or
Whether 10 require mandatory
joint returns for husbands anC
wives. as well as certain other. Ia,
proposals. He said he would favor
a S25, 900 n year limitation on sal
aries. and measures 10 tighten w
state taxes.
Representative Mundt (R) o
South Dakota vigorously opposed
the gag rule, declaring the House
should have an opportunity TO vote
separately on any amendment
which would increase rates or rev
enues.
BILL HELD INADEQUATE
Representative Rich (R) oi
Pennsylvania said he had been in.
formed that an increase in tai
rates sufficient TO help finance the
war was being deferred until after
the election. He demanded to know
why the ways and means commit
tee did not bring In an adequate
tax bill al this time. The gap be-
tween government war spending
and tax collections is imperiling
the country, he declared.
The treasury has estimated that
the bill will yield Sc, 144 100000 OF
additional revenue a year. Repre-
sentative Dougton CD of North
Carolina, ways and means chair
man. in opening debate on the bill
challenged this estimate. insisting
that the yield would exceed ST..
100000, 900 annually
The treasury asked for bill
that would raise $500, 100000 OF
new revenue year, declaring that
such an enormous tax increase
was necessary 10 aid in financing