The Brownsville Herald (Brownsville, Tex.), Vol. 42, No. 171, Ed. 2 Friday, January 26, 1934 Page: 2 of 12
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111 ' - - - - - -~ - "" ■ . .. ....... I I
New Income Tax Net Is Spread Against Evasions of Big Bankers
LOAD WILL B i
SHIFTED FROM
SMALLPAYERS
AnWiJ^^TON’ J<uf M -OfV-l
SS^L t?x net ***** against
mst Practices of some big banks
£wLtw»ers’ ** unrolled by senate
tovestlgators was reported Friday
tSLtTJJ*alm of the admlnla-
i}?** P«)>*t«d new tax law.
Liberal uae of testimony taken I
ZSJLT' *or*an’ bead of the
jaKthlest private banking home
Okn Rahn partner of Run. Loeb
«gd Company Albert H Wlggtn
^bairman of the Chase
National bank Charles E. Mitchell
jorawr chairman of the National I
22 and Partners of Dillon i
ff >v a®1 Company was disclosed I
m the ways and means committee |
Hit Larger Incomes
Ohairman Dough ton (D-NC) said I
«• ?ea' Pfaf1- designed to produce
about 1200dOOX)00 more annually !
by shifting some of the burden
1 ILu*m*ll*r to larger incomes j
probably would be reported next
Wednesday. Some changes remained
to be made.
-The oommlttae still had with it
rriday data from wealthy men and I
their firms Investigated by the
■anate banking committee. Their
■tones were shown to be Impelling
motives for more than one of the
prospective tax changes.
The affable Morgan told how he
and his wealthy partners who paid
all.000.000 of Income taxes In 1929 I
mid none In i»30 1931 and 1932!
because “our capital losses were!
•«ch as to more than wipe out all
our^ income and leave nothing tax- j
d#
Limit Low Deduction*
In th# same years too. Kahn j
testified he paid no Income taxes.
In the proposed tax revision the
•Itustlon would be ohanged. Capi-
tal losses would not be permitted
^- --
I -.-. '- .....
to wipe out all Income. Especially
In the case of partnerships like
Morgan s and Kahn's capital loss
deductions would be limited to
capital gains.
Mitchell told of selling stock to
his wile and subtracting the loss
on his income tax return. Thomas
Lamont. Jr of the Morgan firm
disclosed simJar transactions.
The new bill would stop such loss
taking. All husbands and wlvea will
be required to file joint income tax
returns among other things forc-
ing their taxes into higher brackets.
Wiggin told of forming three
personal holding * companies in
Canada and of others in this
country notably the Shermar Cor-
poration and the Murlyn Corpora-
tion. At times they showed millions
in profits.
James V. Pbrrestal. member ol
Dillon Read and Company also
described formation of a personal
bolding company to avoid income
tax payment in 1929 on a stock
profit of $864000.
The bill as now written would
tax undistributed adjusted net in-
come of such corporations at 35
per cent.
Hit* leaders
The measure would establish a
flat four per cent on net incomes
up to $4000-»-that is on incomes of
that amount after deductions such
as $2500 for being married and $500
for each dependent had been made.
The eighth per cent levy on the
second $4000 was eliminated and
a surtax installed beginning at four
per cent at $4000 up to 59 per cent
on those of $1000000.
Also allowed would be a ten per
cent reduction on earned income
up to $8000. Thus if a married
man without children made $5000
he would first deduct $2500. and
then ten per cent on the remainder
—paying four per cent on $2250
The treasury figures all in all to
get about $1265000000 from income
taxes in the 1935 fiscal year.
THIEVES ARE FINED
(Special to The Herald)
RAN BENITO Jan. 36— Jose
Rodrigues and Pane ho Torres were
fined $50 and costs each by Judge
W. R. Crockett in connection with
the theft of a wheel and tire from
a trailer belonging to Pedro Juaret
at Nopal north of here.
I CITY CASH I
GROCERY I
1130 S. E. Washington it. Phone 1281 I
WE DO OUR PART ^ I
REAL BARGAINS — REAL SPECIALS I
Below we quote a few of our many bargains for 1
Saturday and Monday Jan. 27th and 29th 1934x
BUTTER 22c I
LETTUCE 1$ He"d'.6c §
fnrrn? Maxell Hou« 07- I
lUrfLL 1-Pqund Can . . . . Li C
CELERY ^■sulk-: :. 10c I
MILK/ 19c I
CRACKERS 21c I
SOAP Sr .25e i
MILK r:?c.rd: 2Qc I
KETpUB 14-oz. bottle.13c I
SARDINES sAc:rJ.c7c.10c I
PEACHES ^cnh°: .18c |
I TOILET PAPER «w«or 25c|
I SNOWDRIFT ^2.37c |
I C VDI ID Blue Karo* 11 „
MlVUr Mo. IV* Can each. 11C I
1 CORN MEAL 5-lb. sacks 14c 1
I BAKING POWDER f3ira.. 23c I
| nirvi cc Sour m Di|*» 18/*
IrKALEd Quart Jar. IOC
I MEAT SPECIALS I
■ HAM Boiled per pound ....28c I
H BACON Breakfast not sliced lb. 15c I
B CHEESE Yellow per lb.15c I
I MEXICAN CHILI SAUSAGE lb. 8c I
B BACON Sliced per lb..17c ■
B WIENERS per pound • • • *rr. *•••»• 12%c I
I J. R. GUERRA Prop. I
Brownsville Texas
Mbf ;|J : *
SCOUTS READY
FOR MESSAGE
FROMCAPITAL
To participate in the nation-wide
mobilization of Boy Scouts for Boy
Scout Week Saturday. Peb. 10 to
receive by radio an assignment to
national service from Pres. Roose-
velt In Washington Boy Scouts of
the Valley will be called together
with their leaders In each com-
munity. What service the Presi-1
dent will request of the Boy Scouts
still remains a mystery and will be
a secret until his voice is heard on
the air.
At 11 A. M. Here
The presidential broadcast wtir
Kon the air exactly at noon from
e White House which is in the
Eastern Standard Time sone. For
points In the Central time sone it
will oome over the air at 11 a. m.
Eagle 8couts will be with the Pres-
ident of the Boy Scouts of America
and Dr. James E. West the Chief
Scout Executive who will par-
ticipate in the program.
Pres. Roosevelt's Boy 8cout call
to service will be broadcast to the
nation over two national coast-to-!
coast networks that of the Colum-
bia Broadcasting 6ystem and the
Red (N. B. C.-W. E. A. F> network
of the National Broadcasting com-
pany.
Plans for the local mobilization
in the Valley Council are in charge
of the district commissioners. The
participation of Valley Boy Scouts
Is part of the greatest gathering of
boyhood brought together at one
time and for one cause that has
ever been known in this country.
Last year more than 1.300.000 men
and boys were members of the Boy
Scouts of America making it the
greatest youth organisation In the
world. There will be few excep-
tions to the group which will as-
temblf In their Troop rooms and in
large centers of convention to hear
President Roosevelt’s message.
Sendee Of Relief
The President has let his ad-
visors know that the great national
project which he will sak the boys
to perform will be in the nature
of a service of relief. He has ask-
ed Federal Relief Director Harry L.
Hopkins to suggest several lines of
activity among the many things
which yet need to be done. From
the director's suggestions one task
for the Scouts will be selected and
they will have the period of the
following two weeks in which to
carry out the task.
Bov Scout Week celebrates the
twenty-fourth Anniversary of the
founding of this movement In
America. On February 8 1910 the
Boy Scouts of America was formally
launched through Incorporation in
Washington D. O. Later it was
chartered by Congress being one
of only four organisations so hon-
ored. So It Is timely and fitting
that this national call should come
from Washington which has been
Intimately Identified with the his-
tory of the movement and from its
Honorary President the President
of the United States.
F. D. Active Scooter
In this Instance however Pres.
Roosevelt is participating in the
anniversary of an organization of
which he has been an active mem-
ber for more than a decade and In
which he still retains his active
participation as President of the
Boy Scout Foundation of Oreater
New York. It was in no small part
due to his valiant efforts that the
money was raised which estab-
lished tlie New York Scout Camps
at Ten Mile River the largest boys’
camp in the world. Rich year that
he can get there to visit the Scouts
in camp he does so. Last summer
he drove over and back from Hyde
Park a distance of almost 200 miles
to visit the boys and promised as
he left "111 try to be with you next
year."
Following the twenty-fourth an-
niversary of Scouting will come a
‘Year m Preparation" for the great
Silver Jubilee erf Scouting in Amer-
ica. Pres. Roosevelt In his broad-
cast will have something to say
about that. too. and will issue an
invitation to the Boy 8couts of
America for a national participa-
tion in the Jubilee celebration plans
for which are being made on a
large scale. It is expected that the
President's broadcast will reveal
something of the Important nature
and significance of these plans.
8inee its establishment nearly
8.000 000 boys have been Boy
Scotus. Therp are some 2.000.000
Scout parents in the nation. Pres.
Roosevelt will address his message
to them as well as to the boys
themselves.
Syphone Protection
Plant Are Completed
r Special to The Herald)
MERCEDES Jan. 26 —Announce-
ment was made Thursday that plans
for the protection of syphons car-
rying water of the main canal un-
der the floodway south of Mer-
cedes have been completed In the
San Benito offices of the Inter-
national Commission and were for-
warded thl* week to L. M. Lawson
of El Paso commissioner of the
International Bonudary Commis-
sion.
Upon approval of the plans by
Lawson by the Hidalgo county com-
missioners' court and by the board
of directors of the district bids
will be called and a contract for
work awarded.
The plan of protection work fol-
lows the suggestions made by a
board of advisory engineers for that
ourpoee and composed of B P
Williams of Austin. W. Ander-
son of San Benito. E. N. Noyes of
Dallas. J. L. Lytel of San Benito
rmd C. L. Huff of Mercedes The
two syphons were endangered dur-
ing the high flood stages of the
Rio Grande during the past two
vears by washes tn the floodway.
The money for this work Is to be
furnished by the federal govern-
ment out of the one and one-half
million dollars appropriated for
control wort.
Habitual travelers In airplanes
find that they have little trouble
in taking cat nape while in flight
even in sitting posture.
Twenty-two of the United States
have no definite speed Omit for
Mil«nnhlln|.
Plowed-Under Beans
To Bring Early Crop
i an
example as what can be done In
the "Magic Valley” J. R. Paxton
shipper and grower tells the fol-
lowing:
Early last fall ha planted 30
acres of beans on a tract near
Donna When the bagpa were
ready to harvest there was no
market so Paxton had plowed
under and carrots planted in their
place. That was the week follow-
in' Christmas.
Today he has a perfect stand of
carrots on his 20 acres and at the
same time the plowed-under bean
seeds have sprouted and he also
has a fine crop of beans growing
alongside the carrots. The beans
will be ready Co fearreet the latter
part of February.
Paxton stated that they will
be the earliest crop of beans in the
Valley this year and should bruit
a fancy price.
DANCE PLANS
ARE COMPLETE
(Special to The Herald)
SAN BENITO Jen. 20.—Details
of the joint Harlingen-San Benito
President's Ball to be heil at the
Stonewall Jackson hotel Tuesday
night with part of the prooeeds go-
ing to the Warm Springs Founda-
tion were worked out at committee
meetings Thursday.
The high school band will give a
concert from 8 to 8:80 p m. and
pupils of the Markoleta Greer tin-
ner school of dancing will present a
program to 9 p. m.
Pres. Roosevelt's speech will be
tuned In at 10:15 o'clock and danc-
ing will be resumed at 11.15.
Tickets will be on sale at McFad-
den's Jewelry Store chamber of
commerce L. H. Warburton at J.
C Penney store and at Los FVesnos.
Port Isabel Harlingen and Rio Hon-
do.
Tickets numbers one two. and
three were purchased by E. H
Downs at a handsome premium.
Floor committees from the var-
ious cities will be; John T. Floore.
Dan Murphy. Bishop Clements. Mrs.
Mella Hoover and Mr. and Mrs.
George Hosfleld Harlingen; F. C.
Richey Los Fresnoa: R B. Mc-
Leaish. Port Isabel; Mr. and Mrs.
B. H Hollon Rio Hondo; K. F.
Brady C. E. Cook J. H. Tucker O.
C. Hamilton J. E McAnally J. A.
Goolsby Mr. and Mrs Edgar Welch
and Mr. and Mrs. T. E. Marehbanks
Mrs. E. L. Barmore and Mrs. James
D. Ward San Benito.
The affair will be informal.
Pl( R OF
M’ALLEN DIES
(Special to The Herald)
McALLEN. Jan. 26.— Mr*. Oeorge
K. Langford 53 pioneer resident
and widely known civic worker of
the Lower Rio Grande Valley died
at her South Tenth street home
here Thursday morning.
Rosary servicss were held at the
Martin-Nelson Chapel Thursday
night at 8 o'clock. Funeral services
were held from Sacred Heart Cath-
olic church at 9 o’clock Friday
morning and were followed by in-
terment in Roselawn cemetery. Rev.
Father C. Selmes officiated at the
last rites.
Mrs. Langford was one of the
best known women . in the upper
Valley. She was born and reared
at Ennis and after her marriage
to Mr. Langford moved to Laredo.
The family moved to McAllen In
1918 and had maintained the resi-
dence here continuously since that
time. She was an active member
of the Catholic church the Cath-
olic Women's Altar society and the
McAllen Cemetery association. Mr
Langford long prominent in South
Texas banking circles. Is now a
special agent of the state banking
department.
Surviving are her husband one
son. Walter M Langford professor
of Spanish in Notre Dame Univer-
sity South Bend. Indiana and a
daughter. Miss Nancy Langford.
All were present when Mrs. Lang-
ford passed away. Active pall-
bearers at the funeral services were
County Commissioner 1 L. Cal-
houn and Carl Klinger both of
Pharr. E E. Phelps. Jud T. Powell
Charles Fink and Sheldon Smith
all of McAllen.
'Deputy Constable*
Fined for Vagrancy
Francisco Perea was fined 150 and
costs amounting to W4. when tried
before Justice of the Peace Ber-
tram Combe Thursday afternoon
on a charge of vagrancy Perea
originally was charged by complaint
with adultery but the cmarge was
reduced to vagrancy. The woman
named by her husband in the ori-
ginal complaint was fined II and
costs amounting to 114. Both were
remanded to Jail In default of the
fines.
Perea who has claimed to be a
deputy constable was warned by
the prosecuting officials in the trial
not to act as an officer in the fu-
ture. He was recently fined 125
when city officers raided a gambling
house.
fof 11
BILIOUSNESS
I Sour stomach * I i
§as and headache f
due jto £
CONSTIPATIONl
£
PLANS MADE
FOR MEETING
OF TWO C. CS
(Special-to The Hereto >
PORT ISABEL Jan. J6 —Follow-
ing an enthusiastic chamber of com-
merce rally of Peat Isabel people
Thursday night plans were launch-
ed Friday for the Joint Browmville-
Port Isabel chamber of commerce
meeting to be held early in Feb-
ruary.
Dates for th« meeting will be set
definitely in a few dayi end will
be either Feb. 1 or Feb. 3.
150 Persons Gather
More than 150 Port Isabel people
assembled Thursday night for the
(Chamber of commerce rally at which
one of the principal features was
the report of 8. I. Jackson secre-
tary on the work that th* organi-
zation has done.
Jackson briefly outlined accom-
plishments in the way of bringing
new business getting publicity tor
the city and other work. He said
that plana have been practically
completed for placing a large sign
at Bfcrreda calling attention to
Port Isabel.
Dr. J. A. Hockaday. chairman of
the tarpon rodeo committee gave a
report on the rodeo stating that it
promises to be one of the biggest
events in the history of Cite city.
An entertainment program l ead-
ed by Alvin Orman was given and
pleased the large crowd. Among
those taking part were Slim An-
derson Mias Margaret Horn Dor-
othy Pattee. Misses Wade Lou and
Billie Sullivan.
Development Reported
Sec. Jackson told of prospective
development with the coming of
deep water.Sdeclarmg three oil com-
panies are contemplating thu loca-
tion of refineries here and that
other interests are investigating.
A report on efforts to secure a
building and loan association here
was made by J. w. Milaap head of
the committee appointed for this
purpose.
The meeting was enthusiastic
and a general feeling of optimism
prevailed.
Walker-Craig Wins
Suit for Damages
After remaining out 24 hour* a
Jury In the 103rd District court
came back In Thursday afternoon
with a verdict for the defendants
in the case of V. W. Meadows «t
ah vs. Walker-Craig. et sis.
It was a damage suit arising
from an accident near Alice almost
a year ago In which Meadows was
severely burned and two other oc-
cupants of his car were killed. The
Meadows car collided with a truck
driven by C. P. IVrktns which the
plaintiff alleged belonged to the
Brownsville wholesale firm.
Meadows Is a resident of Haskell |
county.
_
CWA CLASSES ..
SHOW GROWTH
CWA educational projects are
gettW under way rapidy over Ca-
meron county according to inform-
ation In the office of Mrs. W. R
Jones county superintendent. These
teachers operating under CWA are
conducting classes In Americanisa-
tion and other adult subjects.
Only adults l< or over and pre-
school children are entitled to at-
tend these classe*.
Projects undiv way at present in-
clude four teachers at Harlingen
two at Los rresnos. several at Ban
Benito and one each at Port Isabel
Wilson Tract Santa Rosa and Ol-
mlto.
Cameron county has an allott-
ment if 38 teachers for these edu-
cational projects and numerous
other classes are expected to be
started soon. The projects are tin-
ner the supervision of superintend-
ent of the district In which they
arc located /
BUYING MOVES
UPWARD AFTER
SLIGHT U M P
NEW YORK. Jan. le—igv—The
upward trend in trade volume and
broadening activity in industry
were resumed during the pest week
following some hesitancy around
the middle of the month. Dun 4c
Bradstreet reported in their weekly
trade review today.
“Virtually all of the reports re-
ceived this week regardless of the
section of the country.’* asserted
the review. “emphasised the
strength which the upward trend
now has attained.
* With the continued release of
governmental funds collections
have benefited and many accounts
are beginning to get straightened
out for the first time ft year*.
“After the uneveness which
characterised reports on retail
sales last week buying has been re-
sumed with more vigor. Since the
first of the current month sales
have been rising each week by s
wider percentage above the Feb-
ruary. 1033. level and Indication*
are promising for a eontlnusno of
this advance.
“In wholesale markets buying
now has reached the broadest pro-
portions of the month with orders
increasing dally particularly for
dry goods and hardware which ap-
naor lo bo In the toad: with sales
running from 15 to 30 per rent
larger than they ware at this pe-
riod a yaar ago”_
Mercedes Grower* To
Organise Farm Unit
(Special to The Herald)
MERCEDES. Jan. A Haas
meeting of Mercedes farmers »ifi be
held Friday night at the city halt
for the purpose of formtn a Mer-
cedes unit of th* Rio Oranl? Valley
answers association
The meeting has been called by
the stabilisation committee of the
organisation til-county fare1 troop.
..SMtkMttotfWMt ^
Oo-oool Sizzling Brown
I Breakfast Sonsigel
Want to pwptw • dainty diah few tha
ti»H ««mI ipmn. a-d all tha little prince*
and prtncaaaaa hi your home* Than try
thia for braakfaat . • . am them ernlm*
brown 1 eetnmr Braakfaat Sausage. Tha
fragrant ana •rarpow i* ring ironui of
three tootheocne and tarty lktle Knit* will
nab dm whale family tumble out u »
braakfaat table.
Braakfaat
* "JASMINE PEA VOR—AEWA Y8 JW FAVOR”
I
hi£ Greg< >ry’s R. G. V.l
I Elizabeth DeLuxe Store In Brownsville c *oJ^orf I
l and Operated SPECIALS FRIDAY and SATURDAY A Irutitutioa l
I COFFEE
I Admiration *jf
I BUTTER Clearbrook pound^.24c
I POTATOES New reds No 10 lbs. 25c
I SALAD DRESSING Excel Quart 25c
I YAMS East Texas kiln dri£d 5 lbs... 17c
I SHORTENING Jewel po^uid.. 7l/^c
I SRj OAP .f^\. 24«
I C^iSivoin' •
I size « ... %
K||| J
■ PINEAPPLE No. 2l/l Can ..19c
B PEARS Argo No. 2*fc Can .. a.17c
COCOA Hershey’s |ne pound ..15c
| CORN Le Grande |k>. 2 Can.SVjc
I SNOWDRIFT
COFFEE fgji||
Bright and |q gj*
Early pound .. 1%/C Jgy{) I
MEAL Qu*kf package-- Tg I
‘ Making powder 2sc sue -Ch i*. I
KARO Blue Label five pounds.31o I
PHILLIP'S * ■ 1 —
PORK and BEANS two c»n». gc I
ARMOUR'S ’ I
I V1ENNA SAUSAGE two caat.15c ■
I
_ 7“'°... 25J
^NUJOL 8-oe. bottle ...45c I
TOMATO JUICE Libby’t can .... 7i/2C I
^^ggll on .-"i£ I
PINEAPPLE gallon.. S3c I
PEANUT BUTTER poynd j Sc I
LETTUCE large ht.J. ...j I
CELERY Jumbo Stalks each.10c I
APPLES Fancy Wine—p> 2 dozen 25c I
OVALTINE $100 Si2e.. I
CORNED BEEP pound can_ 15c I
LYE HOMINY toll cm.~6g I
I Gregory’s R. G. V. De Luxe Meat Market I
I Tasmine aL7d ■Hlon"iV ’lb dad it spare r|rs pound.u* I
I 7 C<l ^ »>• •• •”« SHOULDER ROAST pound .... 12c |
I Jasmine Hams D ATHKI SLICED pound .. 17c j
I <Hickory-i««l) DALUN gLAB^pound .. 17c |
' HAM Half or Whole -| £% _ SQUARES pound . 13c
■ __frnmd. 1QC CHOPS pound ..22c I
I RFFF CHUCK ROAST> POUBd.2c LAMB sHouLDER pound‘I •
DLLf ROLLED ROAST pound.15c PATTIE: oacJi.
%
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Buell, Ralph L. The Brownsville Herald (Brownsville, Tex.), Vol. 42, No. 171, Ed. 2 Friday, January 26, 1934, newspaper, January 26, 1934; Brownsville, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1394890/m1/2/: accessed May 22, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .