davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
Debt Deduction
From Income Tax
Backed in Senate
Treasury Experts Face
Job of Framing Bill to
Give Corporations Relief
BY WILLIAM s. NEAL


lnti NeNs NrfNHr N'hii Ao'FVslp""'"
WASHINGTON. Aug. 5. 49, a
wave of sentiment for amendment
to the 1921 100000 tax bill &c
provide cushions" for corpora
iionS and individuals burdeneo
with debt, swept through the Sen
ate finance committee today.
The sentiment was so strong
that il appeared almost certain
that the committee Will order
Treasury tax experts 10 frame q
series OF amendments for conSid'
.eratlon.
Proposals for tax credits so that
corporations can save some money
from profits TO be used after the
war either 10 pay severance pay
TO employees or 10 convert 10 peace,
time production also gained head
way.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05

CYRUS King,
resident part
Nor and mana
ger
y 10 an Is
former mana
cor of the De-
troli Office Of
A. NJ Kiddcr
G o m p a n y
which post ne
resigned as oi
August l.
He started in
he business
with Hartman
4 Co as cashier
and ioined IN,
old MerriI
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05

Lynch firm four years later. When
Merrill Lynch was merged lnto
T.. A. Pierce M 1890 Sloan con-
tInucd with the new firm until
three wears ago when be joined
the klddpr organization.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
Set Up on a Self Liquidatinq Basis

keu~c decade many public works projects
zap puroted be self hquidang basis Certainly
period begin into effect the
>occd sci, hqmdatng and through regular payment Of
provide the federal with
funds which previously tied such projects APP
an the Of Boulder
Dam definite commitments along this line been specifically
In
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
lie Sewer Refunding Series A .

Numbers inclusive: ILLS Isols? 25s.2s2I ?s5
assssssss
lSs7
1855 Sss: SReg o9ss issued n lieu
.a.d lien s sc 21 Rs sS s lieu 49,. ss S3
Greg 1885 issued lieu Ss17aS22; Greg 13os7
School Retunding
ssiaOoo q slSooooiOOl 1sa5ls5Onaol $4,000 tRes
@s,s issued lieu l57i5 issued in lieu
sssi % fD ss lieu 'p r osa, s9 lieu
:f ls4 issS leu ' 6 s e'iG s.uG
- %. '' '' " ''''' '''
Numbers inclusive 151 sss@s77 5o2-5oi ISL $50 s7-
s.: 5s issue;
-
@ 1884, sud sa 'f s%1sa '%fS s as '
@ lieu 3 Rse 1ss is ssgd Lieu i Greg
:.. 81 lieu s.Gs 'ss r s sq issued in lien @ @
jazz issued lieu Gss 2lSs issued sued in lieu
s5s issue .3y1 lieu sssH'
lssi4s85! Greg 1906 issued in lieu 2s12iss Greg 1889
s~RSss $50
43ssAs74-4s7sI $3.50 osn75l-t7soSso-
1858 3/9l3S-96t/ -s2l5/s27-s2lsIsS4t
/9622-962S/ 964-9775/9974
IO0251O177-10179I0 DISCLOSE /0510-1 /10614--
6/10669-1O671 00-l0721 /10725-10731 10S29--
lieu 357/35S1-4375/4318-
5l64-6339/ 63SS6671/6700
/977D; 1354s issued in lieu
7S/62s2-6294
/67106S60/ 6S61-6S6S/6S72
/1051z-
103s7 issued in lieu 13/4137)
issued in lieu 4264s2s6-SH1/64; Greg 116os
issued in lieu 033/7057)
issued in lieu 7O6is; tReg 1883 issued in lieu
9975T1002 Greg 1888 issued
in lieu 1065 /10639); Greg
O106GD; Greg 1853 issued in lieu
Reminding Series
2393/2394
Library Refuuding
Numbers inclusive: 1/25
Refundng Series
1-37/ll9-12f/l25 -l30/299 Greg
1906 issued in lieu 12O123-l26/129).
1435oO
holders of said bonds hereby notified that the
sad redemption dates herein specified current official
Chicago City of Detroit the City Treasuer Office City
above redemption dates shall
dates
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
Sloan RejOins
Merrill Lynch

Richard Emmett Sloan. for -
years in the brokerage business IN
Detroit. is rejoinlng the firm OF
Merrill Lynch, Pierce, Fenner and
Bcane. il was announced today by
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05

Net income az Common wealth and south
ern Corporation and it's subsidiaries In the
IL months ended June 30 was Sll 49, 1s4
equal 20 S7.4S a share on the So preferred
In arrears against adjusted net income oi
Sil SIS, $50 or t7.6s on the preferred IN
the preceding II months
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05

st. Joseph Lead Company and Its sub
sidiaries report for the six months ended
June 80 a net profit OF 81 1t2. 20s after
federal income and excess prohts taxes.
etc. equal 20 si.0a a share on 1855. $50
shares OF capital stock. This compares
with 81 5is.e57 or kl.2s q share In the
hrst half Of 1871
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
Good News
From Us.
Factories
MORE MOTORS

MORE MOTORS - Production
at the Packard Motor Car Com
pany. makers OF engines. army
autos, etc, is now going on al a
rate twice the volume ever at
tanned by the company.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
EdrnIndS

Commercial Investment Trisi Corporaiiou
ar1 10 saosIdiarIes. iuCiI1iuA unl.-tt uu't "a
rr. income 0f Nattona. surety Corporation
ans re- subsidiary for the sA Wuu'ui
tHHrt June 800 report net prnht Cf 81
>A- ~ after Se.1I5.Cs federal .a.. ns
taxes NJ 81 ~ share nr the common
.- .tc 1898 pfrue rs' aHs 81 lEH lN.
ur ne common dtter So 4iF 1888
ilrrrs, income f1tvs
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
Ask Tax Relief
To Help Firms
Pay Off Debts
Texas Publisher Hits
Heavy Corporation
Rates in House Bill

WASHINGTON. Au- 4 JT' -
Tax -.Ict fp help corporations paN
OF debts WAS urged today rN ~
= rrhtH Publisher ct 'nc Hons
tor Tex Post and former c1'
Crrr ot Texas
"Icaxe IA something with
which Go pan oar debts and "p-
Grating expenses and let the
government take the rest of our
earnings to finance the war hc
told me senate finance commit
tra which is holding hearings
cr fhc HNu~C-approvcd Sb@,l-
ono GOO war tax b.il
Hobby Tho husband az Nr
Oycts Cu'p liohby direction az me
WoncrS Army Auxiliary Corps
appeared n behalf of small corpo-
ra'iors which have borrowed
heavily Tor expansion
Committee chairman Waller r.
George tDl of Georgia last week
gave his support 20 a proposal that
such corporations AS well as iudI-
NdualS with large debt burdens
be permitted 10 deduct part Of
their debt payments ffea4- taAat--t
income.
POINTS To TAN BILL
Hobby pointed out that under
Tho House hlll corporations must
pay out a per cent OF their earn
incS IN normal and >urtaNc>. and
90 per cent 0f their excess profits
III i obvious that under these
rates" he said. despite the
most careful and prudent man
agement. nothing will be left in
many cases for paving debts in
Cured in good faith and which
under normal conditions have
been amortiZed from earnings
without difficulty"
Hobby suggested that businesses
not holding war contracts be per
mitted 10 deduct up 10 ; per cent
Of their total debt from that por-
ton Of their income subject 10
Surtax or excess profits tax.
CITIZENS ABROAD
Maurice T. McGovern. repre-
senting the American Chamber of
Commerce in Cuba. testified that
American business firms in foreign
countries would be put IN an
inferior competitive position II
United States citizens living
abroad are required 10 pay income
taxes He. pointed out that citizens
of Britain. Spain, Sweden, France,
Canada and Mexico pay no income
tax 10 their native countries while
they reside abroad Since 1926 in
come earned from sources outside
the United States has not been
subject 10 tax. but the House can
Cellcd this exemption.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05

MORE RECORDS - Employees
of various subsidiaries of United
States steel have broken 706 pro-
duction records since Pearl
liaTbOr.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
BOTH CALLED SOUND

Senator Walter r. George Cd
of Georgia declared that both
proposals are sound and SHOULD
be enacted into law if it can bt
done without upsetting the ta>
collection system.
Senator PrentiSS M. Brown Cd
of Michigan suggested that Con
greSs might follow a provision
written years ago into banking
bill which he piloted through th'
Senate.
I'VE provided that in the case
of insolvent banks there would
be n tax credit or remission,
with a provision that IL the
banks paid out more than 100
per cent TO stockholders the
government would be reim-
bursed," he said.
I'VE may he able to defer
collection OF taxes where high
tax rates make it difficult or
impossible to pay debts. The
Reconstruction Finance CorpO-
ration might finance the COM
panies."
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
Notice of Redemption
City of Detroit, Michigan, Refunding Bonds

the esheGns specified
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
Unlisted Stocks

Approximate prices furnished by th,
auora. Assoc at1n u Securities Dealers
f..efs.ts
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05

MORE EMPLOYMENT-There
were $4,000 workers employed in
the steel industry during June. a
new high mark, and 5000 more
than were employed during May.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
BACK DEBT DEDUCTION

Senators Tom Connally (D) Of
Texas, Bennett Clark Cd of Mis-
souri,, Robert A. Taft tR) Of Ohio
and John a. Danaher CD of Con
necticut. endorsed the proposal for
debt reduction.
~ rather think that we can
work out some measure for
those companies which are In
debt" said Connally. II doubt
whether the committee will
recommend deduction for life
insurance premiums or invest
ments in war bonds"
The committee had before II a
proposal Of insurance underwrit-
ers for a triple deduction, en-
bracing debts. premiums on life
insurance and purchase of war
bonds.
II believe we can work out
an alternative triple plan said
Senator Danaher.
1T seems to me that the
principle of debt deduction il
sound" said Senator Clark.
CITES CHARITY DEDUCTION
Senator Taft suggested that the
principle of the IS per cent de-
duction allowed for charitable con-
tributionS might he invoked, with
the deductions limited and the
taxpayer having some alternative.
Danaher approved the deduction
for purchase of war bonds. Con-
gress, he said. cannot give an adj
vantage 10 the person i'm debt
without also recognizing the per
sons who have been able 10 keep
out Of debt.
a strong plea to permit cor
porationS 10 set aside a postwar
reserve fund was made by w. w.
Schneider, secretary of the Mon
Santo Chemical Company, st
Louis.
He explained that the company
is operating four government war
plants which probably will be
closed down after the war. He
said that his company would be
glad TO set aside money to be
used in payments TO the employees
Of these plants after the war
perhaps 10 tide them over until
peace-time industry can boom
and provide Jobs
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05

Date ~ Called FOR
Maturity Redemption
s/l5/57 s/15/41
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
MORE ENGINE PARTS-Th.

Baltimore end Ohio Railroads ma
chine shops have produced their
FIRST parts for engines 10 be used
in the construction of Liberty
ships under a huge war contract.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
s1I143.5OO
119S50O
$4,000

O bos hereby
herein CT
of
~
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-08-05
MORE RONpS-sale OF Vi

savings bonds totaled Sl96 5000
IN the second Federal Reserve dis
irIcj during July, an incrcaS of o.
per cent.
Detroit evening times., 1942-10-14
Illegal Lottery
Rampant

illegalities and at the same time
add materially to the war cof-
fers of the nation, a topic from
which I have been holding aloof
lately because I did not want
my readers to think II had be-
come an obsession with me.
AS a matter of fact, I do not
care IL the nation CANDLES itself
plumb silly, but / just thought
that as long as this gambling
was taking place without legal
restraint, it might be a good
idea for the treasury to pick up
some Of the spare change for
war purposes, possibly army and
navy relief.
They have been raising money
for that purpose through bene-
fits of one kind and another, but
it seems that certain practices
in connection with some of these
benefits are not approved by the
authorities and that they will
not be permitted after Mo-
vember.
I presume there will be a con-
siderable loss to the relief move-
ment and that a substitute for
the benefits will be necessary,
hence I am again bringing up
the matter OF the lottery.
T1IE sum total derived from
Il all the benefits since we en-
tered the war does not equal
what couple of drawings in a
federal lottery would produce,
even though the lottery take"
was confined to just the money
now being spent by Americans
in the illegal numbers drawings
and open gambling and in the
pari-mutuels betting on horse
racing and with bookrnakers.
There never was an era In the
history of this nation in which
gambling reached a more prodi-
gal pitch than that Of today.
OF course the food Of war
money Is responsible--that. and
the restrictions on purchase or
various luxuries.
The people have money to
spend and they are going to
spend IL, and since gambling Ia
now the easiest avenue of ex-
penditure that is where the bulk
OF the money is going.
wish I could suggest a cure
or curb for the mania. which I
deem demora1izlng, but unfor-
tunately am not that wise.
It is my contention that since
the people are determined to
gamble anyway. and since gam
bling is already fostered undes
legal auspices in many OF our
states and under our flag else
where, IL Is better 10 have the
practice controlled and made
profitable TO a worthy cause
such as army and navy relief.
rather than leave II In tho
hands Of outlaws.
Copyright. ist7. by KinG Yssturss
Distributed by International News Service
Detroit evening times., 1942-10-14

Joan Bennett as the pair with
the pitty-patting hearts.
Billie Burke and Frank Craven
are solid in comic assignments.
Wings and the Woman" biogs
Amy Moiiison, the flying Eng
lishwoman. Anna Neagle and
Robert Newton are nice ro-
mancers.
YNIE Wireless: Johannes Steel
L put the finger on Hitlers
wish TO sit tight and hold on 10
what he's stolen. II adds up 10
a cry for peace. The hint is that
the appeasers will say: See,
he's being a good boy" and
hand the world over 10 him on
his own terms.
Steel urges that we smack
him through Finland. Spain and
Dakar and keep the rats back
to the wall.
Paul McNutt gave VS. small
reason 10 cheer over our show
ing so far. Like Asst Navy
Sec.y Bard, he saw us on the
losing side, and losfing.
Tin Pan Alley must be pan
Detroit evening times., 1942-10-14

THE First Nights: The thester
had itself a boom last week.
Maxwell Anderson. whose plays
have won all the prizes there
\ are. seems headed for another
with The Eve of st. Mark"
A heartbreaking tale about
the life and death and love of a
soldier, 1t sent the reviewers TO
their approving typewriters.
II received inspired pretend
ing from Mary Rolfe, Aline Mac
Mahon, William Prince and all
their co-workers.
The N. Y. Suns Mr.. Lockridge
tagged 1t stirring and invigo-
rating"
Charles Butterworth and Lu-
ella Gear returned In Count
Me In" a musical fol-de-rol with
Hal lie Roy and June Preisser
tapping out its melodies with
their smart feet.
The players, John Anderson
punned, were "script-wrecked
by the authors.
Betty Garrett, a lass who has
everything, Is the good side OF
Let Freedom Sing" limpy
revue that nobody relished a
whole lot.
Some of the songs are nice
but the humer, as Mr.. Atkinson
reported, was dismal"
rThree Men on Horse"
smash In the middle '30's. was
revived with William Lyon and
Teddy Hart in their old roles.
TTE Magic Lanterns: The
L Britons fashioned good job
OFT OF the cameras in inside
Britain" This Is group OF
shoUts showing. with thrills.
Cow that nation dishes II out
and takes II In wartime.
"Commandos" and Ferry
Piiots" Iift you out Of your logs,
better than most mellers. The
group make good morale and
better cinema.
. Girl Trouble" shows Don
Ameche trying TO put a crimp
in the rubber shortage. The
piece switches over TO a looney
lark, however. with Ameche and
Detroit evening times., 1942-10-14
The On|ooker

went right on chewing a sofa
pillow and did not question: a
single statistic.
II seemed 10 tbs remarkable
show OF faith in Wickard and
his facts.
TT WAS not until later in the
l. day. when We offered her
her first meatless meal. that
we realized that she had been
playing possum when we were
explaining rationing TO her, and
that she was prepared 10 change
her name 10 Shylock and get
her pound OF meat off US If
necessary.
She looked at the mixture Of
meal and vegetables with the
same scorn as if we had fed
her a mixture Of meal and
vegetables. and then began nip
ping at our heels and ankles
10 show us what she really
wanted in the way OF food.
We tried sternneSs.
Speaking in harsh dog Ian
guage. we told her that this was
no time for the pampering of
pets, and that she had had her
last bit of meat.
EVEN as we spoke, she proved
~ us liars.
The more nimble member OF
the family reached safety atop
the kitchen table. but /. tired
from a hard day Of work (try-
ing 10 think up this column. for
one thing was caught near the
timberline Of the refrigerator.
Before / could make the tor
tuous ascent Of Mt. Frigidaire.
which is every bit as cold and
glacial as Mt. Everest, Cindy
had her meat rationing for the
week.
/ do not know what left leg
OF McLemore tastes like, but n
must be nectar and honey TO a
cocker spaniel 90 cause
Cindy subsidized into the corner
Detroit evening times., 1942-10-14
The Brighter Side
BY Damon RunyOn

probably up in the billions, from
which Uncle Sam does not real
ize a dime.
1 imagine that Hoover's lads
will eventually get around to
the horse racing sweepstakes of
the Middle West and the num-
bers drawings and Chinese lot
teries of other sections where
il can be shown that they trans
gress the federal laws, though
tolerated by local authorities.
1t is a tremendous problem
because of this federation which.
in many cities, is almost respon-
sible for open gambling at rou-
lette and craps and other games.
IN VIEW of the news character
Il of Hoover'S most recent raid.
perhaps this is a timely moment
10 renew my suggestion OF a
federal lottery to abate all these
Detroit evening times., 1942-10-14
WE TOLD Cindy about meat
w rationing today.

WE TOLD Cindy about meat
w rationing today.
Cindy is our cocker spaniel
who almost won q blue ribbon
last year-not in her own class,
but as a dachshund.
She slipped away from her
own breed at the show and was
drawing "ohs" and "ahs" from
the dachshund judges when we
Indignantly retrieved her.
"Can't you see those featb-
ers:" we demanded Of the
dachshund Judges. Cant you
sec the My Own Brucie look In
her eyes:"
They gave us a long-winded,
eVasive answer.
No." they said.
They have been provd wrong,
for, many times since then
friends have come to our home.
taken a look at Cindy, and said:
You know, there's something
about that pup OF yours that re-
minds me Of cocker spaniel"
OUCH f1attery always causes
~ us To bring out her papers.
an impressive document that
the fellow in Central Park that
we bought her from gave 10 US.
Right in black and white II
says that she comes from a
uhpng line OF champions cher
)ther was Breakfast OF Cham
Pions out OF Battle Creek and
that her mother had more
feathers than a so cent duster.
But enough Of this Dragging,
and TO get back TO meat ra-
tIoning.
Cindy took the information
that she couldn't have any more
meat for the duration with the
same calm as if she had been a
vegetarian.
When we quoted Secretary OF
Agriculture Wickard's figures
on how much meat was on hand
and how much was needed for
the military and lease-lend she
Detroit evening times., 1942-10-14
Innocent
Bysfander

icky about our chances OF VIC
tory, too, the way the tunesmiths
are pouring their weepy ballads
on the networks.
Never heard so many melodies
I'm the suicide key. or so many
lyrics that wanted TO just give
themselves up.
Arch Oboler Is using only
radio actors Ia the union scale)
on his Lights Out" series via
CBS-instead of name stars.
Radio actors" he explains,
"are best fitted for the thriller
dillcr type"
TYIE Intelligentsia: Herbert
Il Agar's book, "A Time for
Greatness" is a simple and
sensible review of Americas
problems.
Agar hits hard, but he has
the nations future in mind when
he punches you.
lie says in IL that lots OF
Americans regard the war as
the kind OF a club into which
they will admit only such people
as would make suitable hus-
bands for their daughters.
James Cain. who writes with
knives dipped into raw. red
meat. has a new novel, Loves
Lovely Countfeit."
II Is as tough as his others
and travels at a mile a minute.
There's a murder in il so vivid
you can feel the bullets whizzing
through your hair.
Archbishop Francis j. SPELL
mans first book, The Road 10
Victory" is good writing. Profits
90 10 army and navy relief funds.
One Sunday section recalls
the time Dorothy Parker and
Robert Benchley teamed as a
writing pair.
Their cable address was
Park Bench"
GIRLS who were raised on cod
VI liver oil have legs like
this
Girls who ride horses In the
park have legs like this { }.
But gals at night club bars
who keep saying: Here's How"
have legs like this } {.
Detroit evening times., 1942-10-14

Pope.
THE idea OF women marrying
u younger men seems 10 be
gaining ground in some cities.
In San Francisco the "inten-
tion 10 wed" columns on a re-
cent day revealed that so per
cent of the brides-to-be were
older than the men they in
tended to marry.
A man of science says heat
diminishes energy and mental
capacity while cold increases II.
He says that person can write
much better and more rapidly
In a cold climate, while a hot
climate slows a writer up.
I'll keep that in mind when I
start TO write my play.
I'll write in Duluth, Mimi, in
February.
A MOTHER famous cigar
IA smoker is Brig. Gen. Ira
Eaker, chief of the United States
Bomber Command in Europe.
General Eaker is a chain
smoker of cigars.
He lights one up as soon as he
awakes in the morning.
Name Of a charming resident
of Long Beach, Cal. is Miss
June Love.
At a London party a woman
said to George Bernard Shaw:
what n wonderful thing In
youth, Mr.. Shaw"
G.. B. S. replied:
Eyes, and what q crime to
waste IL on children"
California matron says she
had seven sons before she had a
daughter.
She says she planned to have
orly two children, a son and a
daughter. but was determined to
have daughter.
So now instead OF two chill
dren she has eight bit says she
has absolutely no regrets"
A RE you a shower or tub en-
"A thusiast or both
Anyway. the United States
Navy frowns on the bathtub
thinking il not as sanitary as
the shower.
A roadhouse In the New
York suburbs advertises its To-
cation as being:
Zone gallon Of gasoline
round trip from city.
George and Georgian are
first names OF happy La
Grange, Ill, couple and in
indianapolis lives married
pair whose first names are
Charles and Charlene.
AS TO the inscription origi-
mated by Gen. Douglas Mac
Arthur, which is on the gym
nasium at West Point, il reads
ION the fields Of friendl,
strife are sown the seeds which
Detroit evening times., 1942-10-14

T EDGAR HOOVER'S boys
"' have rounded up another
bunch OF lottery-minded fellows,
this new crowd being charged
with scheming TO operate a lot
terry on the baseball World Sc
ries TO the tune of at least
81 900, 900, though this sum
makes the enterprise rather
small potatoes as compared TO
others that are going on.
1t is not even as big as the
operation charged to a West
Coast combination recently
nabbed in connection with a
Honduras lottery and said TO be
dealing in this country up to
S12, 100000, but il is another
illustration of my contention
that illegal lottery in one form
or another runs rampant
throughout the United States of
America with the gross handle