The Naples Monitor (Naples, Tex.), Vol. 52, No. 36, Ed. 1 Friday, December 10, 1937 Page: 3 of 8
eight pages : col. ill. ; page 24 x 18 in. Digitized from 35 mm. microfilm.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
\.V^J
JSvim tlpvii'ir of Current Events
ROPER HITS TAX SETUP
Says Profits Levy Has Not Fulfilled Expectations . . .
Building Boom Plan Is Offered Congress by President
wmm
mmm
f.
/ 'fiM
Japan is pushing her conquest of China not only in the Yangtze valley
but also, and especially, in the northern provinces. Here is seen a Japanese
tank unit rumbling along the road to Taiyuan.
SUMMARIZES THE WORLD'S WEEK
© Western Newspaper Union.
LI
Tax Setup Needs Revision
T"\ ANIEL C. ROPER, secretary of
commerce, says the entire tax
structure of the United States should
be revised. He was speaking at a
banquet of the Busi-
ness Advisory coun-
cil in Chicago, and
lHfll&! his statements ap-
peared to meet with
general approval.
"A general revi-
sion is necessary to
simplify determina-
tion of tax liability,
to distribute the bur-
den of taxation more
equitably, and to
Sec. Roper broaden the base of
taxation to include a larger per-
centage of our earning population,"
Secretary Roper said.
He asserted that the undistributed
profits tax had not entirely fulfilled
its proponents' expectations that it
would "bring about a higher veloc-
ity of money through larger and
more widespread distribution of cor-
porate earnings."
Mr. Roper expressed confidence
that a "constructive approach will
be found to the solution of the utili-
ties dilemma and that significant
results will be forthcoming."
That this confidence has a sound
■ 4 aoin- -wcps—indicated—by t-.vn an-
nouncements made the same day
by prominent utility executives.
Floyd L. Carlisle, chairman of the
Consolidated Edison company, told
the New York state public service
commission that his company plans
a $25,000,000 expansion program.
The development came during hear-
ings conccrning a proposed $30,000,-
000 bond issue.
Back from submitting to the Pres-
ident a formula for better under-
standing between utilities and the
administration, Wendell L. Willkie,
president of Commonwealth and
Southern corporation, proposed a
general truce between business and
the Roosevelt administration. Will-
kie's company has been involved
in some of the bitterest controver-
sies with Washington.
Building Boom Wanted
REVISION of the existing housing
law in order to facilitate a
building boom was asked by Presi-
dent Roosevelt in a special message
to congress. He said such legisla-
tion would ease the flow of credit
and open great reservoirs of idle
capital to fight the business slump.
The responsibility for the success of
such a program he placed squarely
on labor and industry.
Specifically, the President recom-
mended changes in the housing act
which would:
1. Reduce from 5% per cent to 5
per cent the interest and service
charges permitted by the Federal
Housing administration on loans
made by private institutions.
2. Authorize the housing admin-
istrator to fix the mortgage insur-
ance premium charge as low as Vi
of 1 per cent on the diminishing
balance of the insured mortgage in-
stead of on the original face
amount, and to V\ of 1 per cent on
the diminishing balance of an in-
sured mortgage where the estimat-
ed value of the property does not
exceed $6,000 and where the mort-
gage is insured prior to July 1, 1939.
3. Increase the insurable limit
from 80 to 90 per cent in cases
where the appraised value of the
property does not exceed $6,000.
4. Facilitate the construction and
financing of groups of houses for
rent, or for rent with options to pur-
chase, through blanket mortgages.
5. Clarify and simplify provisions
for the construction of large scale
rental properties through facilitat-
ing their financing.
6. Grant national mortgage asso-
ciations "explicit authority to make
loans on large-scale properties that
are subject to special regulation by
the federal housing administrator."
7. Remove the July 1, 1939, limita-
tion on the $2,000,000,000 permitted
to be outstanding in mortgages, with
congress eventually limiting the in-
surance of mortgages prior to the
beginning of construction of individ-
ual projects.
8. Permit insurance for repair and
modernization loans as provided
previous to April 1 of this year
when this provision of the housing
act expired.
—+—
Civil Service Plan Hit
PRESIDENT ROOSEVELT'S pro-
* posal that a single administrator
be substituted for the three-man civ-
il service executive board was se-
verely criticized by the Brookings
institution as tending to "invite en-
croachment of politics rather than
to repel it."
The institution report, drafted by
Lewis Meriam, questioned the feas-
ibility of the plan and doubted
whether it would achieve the Presi-
dent's purpose of taking the civil
service commission out of politics.
Religious and political affiliations
would present difficulties in selec-
tion of a single administrator, the
report pointed out, adding that the
proposed plan would represent too
much centralization of power in an
individual. ' ■
—[
For Corporation Control
CENATORS O'Mahoney of W
^ ming and Borah of Idaho intio-
duced a new federal licensing bill
for all corporations engaged in in-
terstate commerce.
It is designed by its
authors, and other
senate "liberals" as
an answer to the ad-
ministration's de-
mand for revision of
the anti-trust laws
to curb monopolies.
The Borah-O'Ma-
honey scheme is de-
signed not only to
eliminate monop-
olistic practices but
to abolish child la-
bor, prohibit discrimination against
women employees, guarantee collec-
tive bargaining, serve as a basis for
further legislation dictating the
wages and hours of labor, and reg-
ulate the financial policies of cor-
porations.
The measure would require the
immediate licensing of all corpora-
tions doing business in interstate
commerce and would direct the fed-
eral trade commission to submit rec-
ommendations for a federal incor-
poration law. Under existing stat-
utes corporations are created only
by the states.
—¥—
Farmers' Grain Corp. Quits
A RESOLUTION calling for dis-
solution of the far-flung farm
marketing agency — the Farmers'
National Grain corporation—will be
put up to stockholders at a special
meeting next January 24, J. O. Mc-
Clintock, vice president, announced.
According to the proposal, mar-
keting operations now conducted by
the national group would become
the independent functions of the in-
dividual state groups, probably cen-
tered around the II regional offices
of the association.
The federal government has fur-
nished most of the money to finance
the corporation activities over the
last eight years and will be the prin-
cipal loser through the dissolution of
the corporation.
Helps Anti-Red Pact
ITALY formally recognized the
* government of Manchukuo, pup-
pet state set up by Japan, and To-
kyo was delighted. It was expected
that Manchukuo would now join in
the Italian-German-Japanese pact
against communism, and its geo-
graphical location would make such
action of considerable importance.
Senator
O'Mahoney
Big Financial Interests
Are Found Held by Women
The United States, declares Her-
bert U. Nelson, secretary of the
National Association of Real Estate
Boards, is, in an economic sense,
virtually a matriarchy. In no other
nation known to history, he points
out, have women owned or con-
trolled so much of the wealth.
"A recent estimate, probably as
accurate as can be made, says
Mr. Nelson, "indicates that women
THE NAPLE8 MONITOR
hold title to 40 per cent of all the
real estate in America. They are
the beneficiaries of 80 per cent of
the $65,000,000 life insurance poli-
cies. They own 65 per cent of all
the savings accounts, and 48 per
cent of the stock of all railroad cor-
porations, and 44 per cent of the
stock of all public utility companies.
"In selling and developing real es-
tate the preferences of women, it is
being realized, must be given a con-
siderable, and sometimes a control-
ling weight."
Bus Strike Settled
INCREASED pay for drivers but
* no closed shop were main fea-
tures of the agreement by which the
six-day strike of 1,300 drivers of
the Greyhound Bus line was brought
to an end. The strike had disrupted
transportation in the northeastern
section of the country and was ac-
companied by numerous incidents
of violence. The wage increase,
effective next July 1, will be one-
fourth of a cent a mile, and no
minimum milage is guaranteed. The
union had demanded a flat rate of
5.5 cents a mile with a 200-mile-a-
day guarantee. i
Snaring Uncle Sam
npHAT Great Britain is seeking po-
A litical as well as economical ad-
vantages from the proposed trade
pact with the United States was in-
dicated in an address by the earl of
Derby before the Liverpool Cham-
ber of Commerce, of which he is
president. He told the Chamber that
America cannot keep out of Euro-
pean entanglements and predicted
that the trade pact would tighten
the links between the United States
and Great Britain.
Derby's speech followed one given
by Herschel V. Johnson, American
charge d'affaires in London, during
which Johnson warned indirectly
that the Americans would not per-
mit the pact to have political
strings.
Farm Bill Reported
\/I ARVIN JONES of Texas, chair-
•L1 man of the house agricultural
committee, submitted the house's
farm bill, together with a majority
report defending the measure and
calling for speedy enactment so that
the rise of mounting crop surpluses
which are depressing market prices
may be offset.
The house bill is less drastic than
the senate version, but it was de-
nounced vigorously in a minority
report which declared it was "un-
constitutional, unsound, un-Ameri-
can," likely to "work to the detri-
ment of American agriculture," and
threatening to "dislocate" foreign
and domestic markets.
Both house and senate bills, it was
predicted, would be modified be-
cause of the President's implied
threat to veto the legislation un-
less it was put on a "pay-as-you-
go" basis. He insisted the farm
bill must not interfere with his plans
to balance the budget.
No Time for Tax Revision
••'"pHERE is no use kidding the
country," said Senator Bark-
ley, majority leader of the senate,
as he gave out the sad news that
it would be impossi-
ble to formulate and
pass a tax revision
bill in the brief time
remaining to the ex-
traordinary session
of congress. The
senator had justi
been conferring wit),
OM[I - -the President, an-'
■k %)! his statement dashed
H 18S the hopes of those
.. .1 who believe ailing
Sen. Barkley business is in dire'
need of such assistance as revision
or repeal of the tax on undivided
corporate surpluses and capital
gains. Mr. Roosevelt had said he
was in favor of tax revision as soon
as congress was ready for it. But
such legislation must originate in
the house, and the subcommittee of
the ways and means committee that
has been studying the subject had
not yet reported. So it appeared
almost certain that action must be
postponed until the regular session
which starts in January.
Vinson to Be Judge
PRESIDENT ROOSEVELT sent to
the senate the nomination of Rep-
resentative Fred M. Vinson of Ken-
tucky to fill a vacancy in the United
States court of appeals for the Dis-
trict of Columbia. The post carries
a salary of $10,000 a year, the same
as paid a representative, but the ap-
pointment is for life and carries re-
tirement privileges. Mr. Vinson,
who has been an outstanding tax
expert of the house, is forty-seven
years old and serving his seventh
term. His home is Ashland, Ky.
The President also nominated As-
sociate Justice D. Lawrence Groner
of Virginia to be chief justice of the
court, creating another vacancy.
Croner will be succeeded by Henry
White Edgerton of New York,
whose nomination also went to the
senate.
—*—
Small Town Spending
A UTOMOBILES, more food and
** better clothing are the most
urgent desires of small-town fami-
lies. That was the implication pre-
sented in a matter-of-fact analysis
of surveys of the spending habits of
families in 46 villages in Pennsyl-
vania, Ohio, Michigan, Wisconsin,
Illinois and Iowa.
The study, made by the bureau of
home economics, showed that when
income increased among these
cross-section village families, it was
usually followed by a rapid rise in
expenditures for food and clothes
and even more marked jumps in
the proportion of income spent on
automobiles.
In income ranges from $250 to
$2,499, food expense for wage-earn-
ers' families jumped from an aver-
age of $180 to an average of $539;
clothes from an average of $25 to
an average of $186; expense for
the family car from an average of
$14 to an average of $315.
Beavers on Increase
Ninety-six beavers, imported Into
Pennsylvania, where they had been
extinct, have multiplied to well
over 15,000, according to a beaver
count. The 96 animals were brought
in between 1917 and 1924; no bea-
vers had been found in Pennsylva-
nia for the 70 years prior to 1917.
The beavers represent, it was stat-
ed, a decided economic asset, for,
now that trapping is permitted, the
annual take ranges upward of 6,500
beavers, worth more than $20,000.
Scene\s and Persons in the Current News
CHRISTMAS TRADITIONS
IF YOUR Christmas tree ia
1 balsam—and that is the love-
liest kind of all, both for appear-
ance and for fragrance—then
when you first light it a cheerful
old superstition urges a glance at
your shadow on the wall—if you
dare. Should it appear headless
you will not live to see another
Christmas. Then, later, when the
tree is burned, another tradition
suggests keeping a partly burned
stick to ward off lightning.
■ {
■ ■ '8522vtwfSk
• > , . Heft
1—President Franklin D. Roosevelt pictured on the rear platform of the Presidential special as he departed
for a southern fishing trip. 2—Chinese in conquered Shanghai waiting in line for the handful of rice that will
stave off starvation. 3—Homer Graber, eighteen, of Mineral Point, Wis., shown with his 1,243-pound Hereford
steer that won the grand championship in the junior feeding contest at the International Livestock show
in Chicago.
NEW CARDINAL
Most Rev. Arthur Hinsley, arch-
bishop of Westminster cathedral in
London, has been selected as one of
five new c? "finals bvjfope J?ius. He
ed
imifl B|
Orphan Is Lamb-Raising Champ
Boyd Maryhew, age fourteen, of Belleville, 111., an orphan, was the
first of 2,000 boys and girls to win a championship at the national 4-H
club congress in connection with the International Livestock show in Chi-
cago recently. Boyd is shown with his yearling Southdown-Shropshire
lambs which were awarded the blue ribbon.
CAROLINE told herself a dozen j
times a day that she did not]
care whether she heard from
Stephen or not. What possible dif-
ference could it make now, after all
these months of silence?
And here it was Christmas eve<
Not a message! Not a card! Oh,
well . . . she turned away from the
window. One must not allow one's
self the luxury of regret.
Fires burned brightly on the
hearth. Holly hung above the man-
pea^Serpent Visits New York
u
i • -
A 120-foot sea serpent which required 50 men to hold it down was one of the features of a recent holiday
parade in New York city. The balloon with a helium capacity of 8,300 cubic feet is shown as it passed through
Columbus circle. It was entered by a leading department store.
Delicate Surgery Saves Boy's Life She's Best Canner
D J * 1 TI n :_i„
Among 4-H Girls
Miss Mary Frances Thompson of
Durham, S. C., given the title of
national canning champion by the
4-H club congress held recently in
Caroline Was Not Alone With Her
Bright Fire and Holly.
tel. Snow outside, cheer within. That
was all she required. She hummed
a tune in false gayety.
A ring at the door. Stephen? No,
just a messenger boy with a box.
Caroline's fingers crackled the red
cellophane unwrapping it. No card.
Just crazy dozens of jig-saw pieces.
She walked restlessly about the
room. Then she returned to the box.
Black and white pieces only. Idly
she fitted a few together, leaned
\closer and frowned. Familiar
/Aiand-writing. Stephen's hand-writ^
ing!
Excitedly she bent above the puz-
zle fitting the rest together. Grad-
ually Stephcn^jfc—W strong writ-
ing stared up at her;
"Dear Caroline," it read, "if you
have the patience to put this to-
gether, I shall know you are still
interested in me. I could not tell
you what I wanted to, before I left,
because I was not sure of circum-
stances. But now I know. I can
take care of you. Will you marry
me, Caroline? A yes would be the
most marvelous Christmas present
in the world. I love you.
"Stephen."
She laughed a little. She cried a
little. Then she went to the mantel
and snatched down a photograph of
herself. This she cut up into small
jagged pieces. On several she wrote
a single word, which, when put to-
gether, read: "I have gone all to
pieces, missing you." Then on the
mouth of her pictured face, she
added the single word "Yes."
These pieces she quickly wrapped
up in the box sent to her, and dis-
patched it by a messenger, who ad-
mitted that a gentleman had given
it to him, who was staying at the
Inn in town.
In another hour Caroline was not
alone with her bright fire and holly.
And Christmas eve was what it
should be. Stephen declared he had
been too scared to come himself and
sent the puzzle as a test-case. Then
he kissed her.
© Western Newspaper Union.
Santa Himself
&
i s s s s s s iih ■ f ■ i ii in iiiiBmnn
Saved from starvation by surgery after he had accidentally seared i
his throat with sulphuric acid, nine year-old Ernest Slivicki of Minot,
N. I)., will soon be able to resume a normal life. Doctors at the Abbott j international
hospital at Minneapolis, Minn., first fed the boy through an incision made «°™®ct£n £"£,£2 at Chicago
in his stomach. Then they laboriously worked astrinruntbro^hhe Livestock MpwiMon at ^cago.
stomach and out of the mouth, tying a larger rubber tube to the string contest!
each day. <
Cow Rescued After Two
Weeks in Straw Stack
Brazil, Ind.—A two-year-old heifer
was enjoying green grass and long
drinks of water recently after a two-
weeks imprisonment in a straw
stack.
The animal was nibbling at a hole
in the straw when the top caved in
and buried her under several feet
of straw. Merl Collenbaugh, owner,
thought the heifer had been stolen.
He walked Past the stack two
weeks later and heard a faint
"moo." Digging into the stack,
Collenbaugh liberated the nearly ex-
hausted animal.
Boat Whis'les Speak in
Codes to City Housewives
Marine City, Mich.—Although it is
a sight common among the river
towns, visitors never fail to be
alarmed when they see housewives
racinfin house dresses and possibly
with hair streaming behind in a
dash for the riverfront.
At times, a bystander will allay
visions of suicide in the visitor's
mind with the explanation the wom-
en have just heard the special sig-
nal sounded for them which an-
nounces sons, husbands or fathers
will pass on their lake boat.
They race to the river to wave to
them as they go by. For eight
months of the year many have no
other sight of loved ones than these
glimpses from the shore every nine
or ten days.
The Birth of Christ
The time draws near the birth of Christ;
The moon Is hid; the night Is still;
The Christmas bells from hill to hill
Answer each other In the mist.
—Tennyson.
Noel, Name of Two Towns
Noel, the French for Christmas,
is the name of towns in Virginia
and Missouri.
"The Feast of Lights"
"The Feast of Lights" is one o!
the oldest names of Christmas.
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Watts, W. R. The Naples Monitor (Naples, Tex.), Vol. 52, No. 36, Ed. 1 Friday, December 10, 1937, newspaper, December 10, 1937; Naples, Texas. (https://texashistory.unt.edu/ark:/67531/metapth329518/m1/3/: accessed May 22, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Atlanta Public Library.