davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Retailing
Continues
Uptrelld

Increase in sales activity over
the previous week is indicated by
reports from the majority Of retail
stores in this area, attributed IN
part A. least 10 the approach Of
the opening Of public schools and
the start of September sales fea-
tured by some OF the larger units,
says Dun e. Bradstreet. Inc. The
month Of August likewise made a
gain over July.
Department stores shared in the
uptrend for the week, making
increases OF from 5 per cent 10
10 per cent and larger gains over
the corresponding week OF 1871.
Speciality stores experienced re-
suits as compared with the pre-
vious week similar TO returns
from department stores, but IN
some instances made smaller
gains over a year ago.
The week proved a satisfactory
one for mems furnishings and
clothing stores reporting an aver
age gam over the preceding week
OF approximately 10 per cent. As
against last year, reports are less
uniform, percentages ranging from
; per cent below 10 25 per cent
ahead of 194l figures.
I'm the wholesale market trade
continued fairly steady with last
week and in most lines gains were
recorded over a year ago. How
ever. with wholesalers handling
commodities, production of which
has been sharply curtailed by the
war effort, sales fell behind totals
OF l94l as much as 25 per cent.
Better collections than last year
were reported by all types OF
trade.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Stocks Uneven;
Bonds Steady

NEW YORK. Sept. S (UP).-
The stock market opened narrowly
irregular today with dealings light.
Bonds were steady. Cotton futures
opened 10 to 81 points lower.
Many traders were absent for an
extended vacation over the Labor
Day holiday and business on the
share market was mostly OF rou-
tine character.
Initial dealings in individual
issues generally were small, Gen.
eral Electric, an exception. had a
block of 1000 shares at 26h. of
". Gfidden equaled its low on the
first sale, rejecting action of direc-
tors in failing to take action on
the dividend due at this time.
A majority of issues appearing
in opening deals showed small
gains or held at the previous clos
ing level. Chicago and Eastern
Illinois A. Commercial Investment
Trust and Schenley equaley their
highs.
Preferred issues of utility COM
panies registered small gains.
Coppers were firm. Chrysler
opened at 60, up Il and General
Motors 38, unchanged. u. S. Steel
was unchanged at as. while Beth.
lehem gained u, to 53k.
Pacific Telephone lost more than
a point. rejecting a dividend re-
duction made yesterday. American
Telephone. which owns a majority
of Pacific's common stock, was up
n at 120S. Railroad issues held
steady 10 firm. Merchandising
shares improved slightly on higher
retail sales,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Lower Incomes
Must Be Taxed
To Avert Ruin
Single Alternative
Is Heavy Borrowing,
According TO Haney
By LEWIS HANEY

Professor 81 Economics. y. Y. University
Just why is il now so impor-
tant to put heavier taxes on the
lower incomes? The answer lies
in the war. and in the lack OF
any feasible alternative.
In order 10 win the long hard
struggle that confronts us, a
vast expenditure is necessary.
There are only two general ways
to finance this expenditure. and
one OF these is plainly rulnouS.
These two ways arc Cd taxa
ton and (2) borrowing. And
borrowing is now the ruinous
way. because we have already
arranged for so much of it that
the limit of sound credit is APP
preaching To much of any bor-
rowing the nation now does must
take the form of sale of bonds
10 the banks, which is highly in
flationary.
II must be ever kept in mind
that the only way 10 Justify bor-
rowing is TO raise such a large
part of the spending from taxes
that the debt will be secure.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
PREDICTS SALES TAX

With Senator Guffey CD OF
Pennsylvania, member of the
finan committee. predicting
adoption of some form Of sales
tax, a proposal to combine the
sales levy and the treasury's
spending tax plan was reported in
the making.
Treasury economists, testifying
before the committee in secret
session. warned members that I'M
less billions of excess consumer
buying power is tapped by taxa
ton there is strong danger OF in
flation.
"Thus far" said S ena or
Brown Cd OF Michigan. 1--WE
have done a little better than
the Canadians in holding down
prices. 1 suggested that we en-
courage payment Of debts, In
GLIDING repayment of loans to
the federal government made by
home owners loan and other cor
porations. These loans total bill
lions"
Senator Connally Cd of Texas
said thar advocates of the sales
tax have gained ground because
of the opposition TO the treasury
spending tax plan"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05

The situation be approached scientifically without regard
pleading For example labor
recently increased taxes be levied
49, 000 However, the fact IS
circulating medium the hands OF work
lers or others incomes $4,000 year less.
Paul F. Cadman economist of the American BANKERS Asso
citation in discussing this phase pointed OUT
yout a $4,000 from every
would increase
receipts 900 and spend
ing in exc of 100000 a day"
Likewise Montfor of the University Of Pittsburgh
revealed
also estimated that the govern.
individuals $4,000 would
and that would
the month OF July The
attack in the low income
groups which largely from taxation
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Difference Described Is 'lnAe+ionery Gap

Recognizing this authorized the Office of Price Admin
ceiling price. all varieties OF
But up there has been disposition to deal more
teHdefly rates of workngmen
IT. for of illustration the eght-hour day brings 50 In
half
government goods half workers total
production placed where civilians buy The differ
81 available
described economic language "infatonary gap
Economists advised the TO seek to recop as
much possible OF this naonary gap through aXaon and
savings bonds taxation
savings advise supplement
British economist
Is a compulsory
so-caled supply of money in the hands OF
debts create
life acquire investments
of potential threat 10 prices hah
in
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
MORE THAN WEAR

Modern accountants recognize
that there is more than physical
wear and tear 10 depreciation.
ObSoleScence, or going out OF
date. is equally important, in
this world in which the creative
mind. working in the realm OF
science and invention. is per-
petHally striving for something
better.
Currently business baiters are
berating the oil companies for
alleged excessive depletion al
lowanceS. But an analytical OBJ
\seryer told me he thought that
MOST oil companies had made in
Sufficient allowances for deple-
ton and depreciation In addl-
tion 10 the normal exhaustion of
oil reserves provided for by the
depletion harges. American
companies. with vast holdings i'm
Europe and Asia, have also had
abnormal ACCOMPLISHMENTS of
property incidental 10 the vicis-
STUDIES of the war. Likewise,
normal depreciation of company
owned gasoline stations, doubt
less proving Insufficient all
along the eastern Seaboard.
where gasoline is being rigor-
ouSly raiioncd. Such rationing
Is OF course cuTtailing gross
sales. and with rent or real
estate investment and clerk hire
still, high net profit has been
slaShed and in most instances
probably eliminated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
BY MERRYLE STANLEY RUKEYsER

imitation problem which President Roosevelt and the
American people displaying increasing interest springs in war
but also the
availability OF goods for civilians.
simple springs from the fact that though
eight hours OF
producing only four hours of goods for civilians
diverted
for purposes of conducting
Thus there controls feared that putting
eight which they find
the market place four hours goods might lead the citizens
the of goods
military detectives bidding the price
would raise the OF living
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Says Adequate
Depreciation
Charges Vital
They Allow Industry
10 Keep Equipment
Modern and Efficient
b, VI. $. RUkEYsER

Emotional economists, with a
bias against business, tend 10
confuse The people by giving
phony advice
For example. As Congress can
vases new and q d d tlon A !
sources of revenue 10 meet the
growing war bill. such analysts
glibly speak Of statistical
n1ira-cs as though they were
realities.
They regard mere academic
estimates OF tho national income,
hv way OF illustration, as though
they were funds IN tho bank,
against which checks could be
safely withdrawn, thus overlook
inc the extensive double count
Ing and exaggcration involved in
the computations Likewise, they
allegc that corporation deprecla-
ton and depletion are mere
bookkeeping entries, and that
billions of revenue could be coll
lected by taking away from cor
porationS the privilege 10 make
such deductions from taxable IN
come.
If such advice were taken, so
doing would tend 10 wreck the
system. and thus reduce our ca
pacity 10 produce armament IN
wartime and rising living stand
ards for the people in time oil
npaCc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Brokers Loans
Down % Million

NEW YORK. Sept. 5.-Loans to
brokers and dealers by New York
City member banks in the weeII
ended September II totaled $37
100000. a decrease of $50, 000. 900
from the previous week and q de-
crease of $85, o00. 900 from the like
week a year ago.
Other loans for purchasing or
carrying securities amounted to
S143. 000. 900, unchanged from the
preceding week.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Farmers Market

FRUITs-Apples. Mcintosh, No /, 81
u 2.2S bu.: Wealthy. fancy, 81 bu; No.
II. Si.5om1.75; No 2. Sl.25; Northwestern
Greetings. No. 1. Sl@1.25 bu. Wolf River
Mo- 81 2sE,i so bu.; No. 2, 81. Crab
apples, No. /, Si259i.75, cantaloupe,
Hearts OF Gold, No. l. si25d $50; No. 2,
ISL; Honey Rocks. No I. SiN1.25: No. 2,
75e; Market KIM, No. !, Si50m2 bu.
no. 2. 81 Grapes. Early Varieties. No. /.
20 y 24e i.ot basket Peaches, Hale. fancy,
$3.50 bu.: No /, s9as.so; No. 2, so;
; IS; No 2. 81, Pears. Bartlett, fancy,
81. Plums. Damson. No. 1. 81 u bu {;
' sc T No e. si nss - d. w SG
fancy. 81 dozen; No. /. 81 so; No. ?. 81 80
LETTUCE AND SALAD GREENs-L.af
b, SoeGsi E.csroie' No. /. 500 soc bu.
No. 2. iOc Endiv., fancy. las bu,
mo. 1 75cmSl; No 2. soc.
VEGETABLE GREENs-collsrds, No !,
spinsch. No. I, 75casi: No. ?. soc Tur-
nip, No. l. 601 75c bu. Mustard. No. l.
90 I5e bn CABBAGE sreens No. l. Aoa
eec eu ksle No l. 400 soc ou. Swiss
VEGETABLES tniscellaneousl-- Roman
fancy. 81 ba No. /, $500 rs: No 2
No. 2, soc. round green beans. fancy. 81. rs
bu.; No i, 81 25di.6o: No. 2. 81; Ken.
lucky Wonder beans: No. /, s1Ii Is b..
Su. Bsets. No. !. $50 aoe don. 6es ssg Nc? NO
2, 25c. oeets. topped, No, 75cGSl -hu,
I Broccoli. NO. I. sf.25gl;7S bu. Cabbage,
900 500 soc :" 'C Curly SS e.5 Rss 'SSs o SS
bu. Carrots, No. /. 900 soc doz. bchs
2, SOC csulinower. No l. 81 Is bu No
och. .?' 10 o. /. tc@ Soc: No T. iS@ sSe. c Cs
soc sweet corn. fancy, 81. 25 5-doz sack
S.r, ,c.T. 10 No ,e s9 s, Soc sa f Ns
SOC: dills. fancy. 81 rs bu': No. j So
also. No. . 81; picklers, fancy. 81 hu
SG N s2SosS S 6ll No 80 s 1919 So dog
soc Horse.redish, No. J. siai2S pecl
basket. Kohlrsbi: No; 1. 80 U soc dor bchs
Lsek, No. !, sogSoe dor ees rs Onions :,
Wis; No. 2. soeGsi; green, fancy. soc
No I, 900 soc doz. bchs. picking onions
No J. Ssa7 5O-lb. sack; No. 2. 50. okrs
Psr,nips. fancy, 81; No ], Use !! su.; No
6ch sCe' parsley sf p root No. /. $50 soc don
osns pepp.' hot ;.i No b l. I soS.se ss s
sweet. No. /, 81. 5oal-7s bu-t pimentc. No
10 Tdiss su. No. ?; 7sc Rsaisss:
long white. No / SOC soc dor bchs Ruts
hsrss No I. T5cTsi bu squash. Dell
cious No l. 500 eoc hu. summer. No
80 n soc D. bu., No. =. 25c. Tomatoes
fancy S2a250 bu.: No. ]. %; No
. 75a zoe Turnips, No. l. 40a soc dor
hchs turnips. topped. fancy, 81 % ou.
No 75cIti
EGGs-Larss. N3dIS7s so-doEen case
medium. N1.250l2.
PoULTRY-Llve hens, heavy breeds
2ia2s N. leghorns 2352tc broiiers
heavy. 2sa 30c: leghorn. "a q acc 10.
CHICAGO
CHICAGO Sept ONsl .--CHEEsE--
Twins. 22ik q 23o. daisies, prints and long
. horns 23h n 2ic.
LIVE PoULTRY-Aarkst steady and
hrm turkeys. goa 3Oe; hens. 1eI 24c; les
horn hens 1t1 zoe: springers. 23iz " - he
nrolers 2ia 26c. roosters. 1870 l6hc
p ducks, 13M q 80. reese 100 l6c.
/. BUTTER Receipts n $50 tuhs rnsrks
J. steady &c up. extras, % srore. ~ y %
!, fE.c. sfandoids 81 score cars. ~ tgc
extra hrsfs ei sc0fe lac. h4sis 'h.''
A.Dff no. sf So Sc sportals 90 score I
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
: Livestock Markets

CHICAGO Sept. 4 (INs).
ceipts. II, 1000: market steady; top. $40.
bulk, $4,000 1880; heavies. s1tzoQ14eo;
mediums. s14,4o9I4.7o; lights, nt@14.7o;
SIS. so a L. is; pigs. sia. rs is.iS.
steady. caivss-Rsceipts. 400; market
steady. Beef steers: choice. S15@16. 80;
butchers: heifers, 500 is; covs, Ss0if.7s;
buIis. 80. so q IL, calves, e8@1e.25; feeders,
50 q Is; stockers: steers. S10014; cows and
sHEEPNReceipts, 5000; market steady;
lambs, si3d14: common, S12113; year
iines, s1iaia; feeders, S17Gis; ewes. 81
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Earnings

American Gas and Electric Company and
subsidiaries for the II months ended July
ooi sfter federal income and excess profits
taxes. equal after preferred dividend re-
auirements TO So. 80 share on 4,4sz, I3t
shares Of the common. This compares win
net income OF Sl4. 1885, s2, or wv -,
common share in the II months ended July
81, 1871.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Detroit Poultry

NJ quotations syslishie On Saturday
Previous day prices follow. Hens aver.
aEe run. 24c. leEhorn hens. ibs and
I'D. 1eS; cocks. i2g1fc: rock HprinEers, 4
Lea. ard or. zoe: rock broiiet. az 20 4
lbs, 2Sc: leghorh br0ilers, ell sizes. 23c.
ECCs-Narkst steady. Current receipts.
37Ae. unosrgTsoeA. 2sk q 3le.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
DANGEROUS FALLACY

misunderstanding OF the true
nature OF depreciation, obSoles-
cense, and depletion is one of the
most deep seated fallacies az
fecting the economic life OF our
people.
The truth is that they are not
mere bookkeeping entries, but
are recordings OF what actually
physically takes place in connec-
ton with the production and eX-
change of goods.
In the final analysis. the years
work resolves itself down to
three basic elements: energy
(human labor. the exhaustion
or using up of natural resources
depletion, and the wearing out
of man-made tools (deprecla-
toni.
If a corporation closed down
for a year and did nothing. GER
tain costs would continue. De-
preciation-the aging and going
out of date of toolS-would go
on. and local real estate taxes
would likewise accrue.
Although even some business
men are confused about the de-
probation item. il Is not a fan
tasy. but a reality.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
CURRENT BURDEN

Taxes mean a current or pres
emf burden. Borrowing means
a future burden. Unusually the
best balance between the two is
secured when taxes are much
larger than borrowings, and the
nation comes close to paying
cash as il goes. In war emer-
gency. however. large borrowing
becomes necessary. just as in
case of a family suddenly af-
flicted with sickness. England
and Canada now borrow enough
to meet nearly half their gov
eminent spending.
But we are not doing as well
as our Allies in this respect. We
are borrowing TO meet about
two-thirds of our expenditures.
In other words, while Canada
raises taxes to defray over so
per cent of her expenses, we are
planning to pay only 33 per cent
in cash.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Scratches
by United Press
WASHINGTON PARK

WASHINGTON PARK
Track, fast.
First Race-Hi Fanny. Teddy Kerry.
w,,sn. valley Boy: chises, Rustler Tom
West Ho. sumatra III. Gooche Babe.
Third Rsce-Bsna Tryst, Mighty
Lucky.
Fourth Race-string Band. Marmac
Festhery, 1nscoson, Fancy Free, vsidine.
Blue.
Fifth Race--TIme Out. Liberator, Beth
Eighth Race-Adsms Needle. AIrose
Song Spinner. Prefer Transit, Night Lady.
Epiget. Hssty Kiss. Conville. vsldins
Babe
Ninth Rsce-Ilinois Star, Hup Nancy.
Wicked, High Name.
THISTLE DOWN
Track, good.
Hfth Race-Hover.
Sixth Race-vegas Justice.
AoUEDUcT
Track, fast.
First Race-Priam,
Second Race-Tfue Knightess.
Fourth Rsce-Ancipitai, Sir Herbert
NTH Race-Doubie Q, Lee Havre.
sixth Race-Cusntos. Fire.
Seventh Rsce--solits.
NARRhGANsETT PARK
Track, fast
First Rsce-captsin Matt. Whs, FL
cuse. A. Dawn. Shasta Man, Blood
hound. Two Pair.
Second Race-Asrisl Trip. Meadow
Court, Rough Man, Tetra Town. Sea
Foam, Boston Blue, Reckless saxon, Big
Boy Blue.
Sixth Rsce-Whimbrei. Bingo Bridget.
seventh Rsce-suntegrs, Cooee.
Eighth Race-Pomplit. Blue Castle,
Broiler.
Ninth Race--Abtcts Mad, nj KID,
fsuSb Raeo Sa1bst3tulsS- %,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05

(Tonorrow-Mr Rukeyser will present exclusive statement
present imitation crisis by Bernard M Barc
who was curbng initiation during the las
world frequently been consulted by the admins
trait during the current war g., ST..
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05

Pacific Telephone and Telegraph
Company has declared a dividend
of SIPS on the common. payable
September 80 to holders of record
September Is. Company previ-
ously had been paying $I.75, quar-
terly.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
MORE TAXES NEEDED

Plainly more taxes are desir-
able. We have to do the spend
ing. but unless we hold down
the public debt, an inflationary
spiral will develop which will
plunge the nation into ruin in
the not far distant future. If
we keep on the way we have
been going. the time will come
when the mere annual carrying
charge on the public debt will
be five billion dollars. or double
the entire government expense
in such years as 1929 and 1890.
Then everybody would owe so
much to everybody else that the
debt would become meaningless,
which is another way of saying
that we would 60 through bank
ruDtCV.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Dividends

Electric Storage Battery Conn
pany has declared a dividend OF
so cents on the common. payable
80 to holders of record
IA. The same amount
was paid June 30.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
What Is Infletion7
Scarcity Brings
Bidding for Goods

(Ths is the fifth article timely series of MeryIe STAN
ley Rukeyser noted explaining the current
imitation about which President Roosevelt scheduled TO
deliver a special address Labor Day.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
COUNT THE COSTS

It is also important to note
that unless we make ourselves
bear all the taxes we can stand
we will certainly fail to do our
best in the war. We must count
the costs to avoid wastes. We
confront too many shortages
now to be able 10 play fast and
loose with our resources. Taxes
mean sacrifices. and tendency
for all of us to see to il that
the war is conducted efficiently.
Thus the problems of the Sen
ate finance committee are today
among our most acute. They
affect not only our future SOL
vency but the success of our war
effort. ! will discuss some of
them tomorrow.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05

Naukesha Motor Company has
declared the regular quarterly divi-
dend of Is cents, payable October
l TO holders OF record Septsm-
Der Is.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Cheapenino Of Quality Hard TO Check

Willard Atkins, New York University economist thre"
problem when ne salo
Is no that the articles Will be
there at price do what going
chicken
at price, the thing. Cheapening OF
quality Is difficult to check -,
have purchasing power unpen In peoples
they get goods
will operate outside
through Illegal channels Imitation rs phe
Is Iquida O middle class.
problem 1t In period OF this Kind mat YOU
society
thrift and saving Is the class
ownership; has property impulses;
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Alta. p,vvood Corporation and u. United

Atlas Piywood Corporation and its Untea
States subsidiary for the fiscal year endeo
June 80. 1912, report net profit OF sooV,
taxes equal after dividends on si.25 con-
vertible preferred, 10 A.I6 share on
i4i 5s2 shares OF the common. The above
statement excludes results OF q wholly
with net profit OF s5s6,s7S. or 1882 a
common share In preceding year, when al
subsidiaries were included.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Unlisted Stocks

Approximate prices furnished by the Ma
Iional Association OF Securities Dealers,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
YITTsBURGU

PITTSBURGH. Sept. 4 UNs) .-CATTLE
Receipts. Is; market. steady. Steers.
choice Sls.5Op 1880; medium 10 good, si3
mi4. common. si0n $50: heifers, medium
TO good. S12G13.50; common, S. 75n
1928: cows, medium 10 good. IS. so q Q Is
Gamers and cutters. S6ds.50; bulls, good
10 choice, s11 asa 1850; common TO me
dunn. Sc. 50d10.
CALvEs-Rscsipts, 1a5; market. steady;
good 70 choice. sis0f7S pedlums Sl18
,AASaa 800 60 spnDsas So0a1bos
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Pepper Urges
; to5Plt. Tax
On Gross Income
Senator Asks Levy
on Every One Instead OF
on Spending or Sales
By WILLIAM 8. NEAL
News Service Stan Writer

WASHINGTON, Sept. 5.--Sena-
tor Claude Pepper CD of Florida
today proposed a gross income tax
of 3 to 5 per cent to raise an esti-
mated several billions of dollars"
as the Senate finance committee
weighed other plans TO boost the
total of the S6,271, 900, 900 tax bill.
The Florida senator also urged
adoption of the Ruml plan of pay
as you go taxation. so that income
taxpayers would not be year be-
hind in meeting the high individ-
ual tax bills.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
Detroit Stocks

DIVIDENDS IN the foregoing table ere the
amounts declared az paid - tar this StsF.
unless athrrwisf notrd. A-I.iquidatinE diNt-
dend. b-flu Accommodations. sN-iN dividend,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05

Woodward Iron Company has
declared a dividend of Is cents on
the common. payable September
% to holders of record Septem-
Der Is. A like amount was paid
June IS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05
TAX ON EVERY ONE

81 am In favor of a gross In
come tax" said Pepper. There
seems to be some uncertainty rs
to plans to be adopted by the
finance committee. Such a tax
should start at 8 to 5 per cent.
This form of tax makes
every one pay according to In
come. 1 favor Ii instead of either
a spending or sales tax"
Some tax experts have esti-
mated that 3 per cent gross in.
come tax woufd yield Sc 600, 000,-
900 to $4,000, 100000 a year. and
thus the total of the House bill
would be doubled.
The finance committee itself is
in recess until Tuesday with mem
bers studying both the treasury's
Sc, 500, 100000 spending tax plan
and sales tax proposals designed to
yield $500, 100000 to $4,000, 0O0,'
600 annually.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05

Fanny Farmer Candy Shops.
Inc, has declared the regular
quarterly dividend Of 371z cents in
u. S. funds. payable October 1 to
holders OF record September is.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-09-05

middle class, Hquidate the quail
Of the nquioae
respect property and In its place. Destruction
lass q conception Of work and fathui-
dollar earned and dollars worth oil energy
They along the virtues that are necessary 10 any
| Of society"