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Show SEEN SEENan S1N an . HEARD HEARDaround HEARDar&tnd'the HEARDround S1Naand aand aandHEARD ar&tnd'the artndthe around round & ' the theNATIONAL.CAPITAL theNATIOATAL NATIONAL NATIOATAL NATIONAL.CAPITAL NATIONALCAPITAL NATIONALCAPITA NATIOATALCAPITAL / " - NATIONAL.CAPITALy . CAPITA CAPITAL CAPITALE t fY E & y Carter Field \ Washington - Nervous s storeowners tor t o r e eowners owners , big and Lttle lIttle , are wondering wonderingwhat wonderingwhat wha what t sort of a report the commis commission . sion slon sent to Europe by President PresidentRoosevelt PresidentRoosevelt PresidentRoosevelt Roosevelt to study co . operabves operatives operabveswill operativeswill operativeswill will makeSome makeSome make makeSome Some of the brain bram bract trusters arc arcreported arcreported rc rcreported reported to have cooled off con con- considerably considerably . - siderably slderably since the dispatch of ot the thecommiSSIon thecommission thecommission commiSSIon . At first blush , after afterSecretary afterSecretary afterSecretary I Secretary of Agriculture Agrlcullure Henry A.Wallace's A.Wallaces AWallaces A . A . Wallace's Wallaces ' book "Whose Whose " Consti ConsU Constitution . tution " came out out . . , it struck them as asa asa asa a splendid idea . In tact fact that was waswhy waswhy waswhy why the President sent the commis commission . sion to Europe to determine first firsthand firsthand firsthand hand what had happened to the ex- ex experiments ex experiments . - periments along that iliat line over overthere overthere overthere overthereIt there thereIt It seems a safe prediction predlcUon for the themoment themoment themoment moment that no report calculated calculatedto to alarm the merchandizing merchandizinb merchandlzin6 busi busi.ness business . ness of this country will be allo\\cd allo cd allowed allowedto allowedto allocdto \ to come out before election If some someor someof someof or of the remarks being bemg made about aboutthe aboutthe aboutthe the whole idea in m inside mside admmis adminis admmistratIon administration administration tratIon circles arc are indicative mdlcative of or the thegeneral thegeneral thegeneral general official attitude , tradesmen tradesmenneed tradesmenneed tradesmenneed need not worry at allBut allBut all allBut But there is no way of telhng telling telhngWallace tellingWallace tellingWallace Wallace docs does not change ch.mge chmge . his mmd mmdvery mmdvery mindvery very rapidly , as quite a few Bram Brain BramTrusters BrainTrusters BrainTrusters Trusters and others have BramI dis dls discovered . I covered He is still Secretary of ofAgriculture ofAgriculture ofAgriculture Agriculture , having havmg survived bat battIes batties batties tIes with George N Peek , contact contactwIth contactwith contactwith wIth Rcxford Rex10rd Rexford G Tugwcll Tugwc Tugwef } ] , , and andsharpshootmg andsharpshooting andsharpshooting sharpshootmg sharpshooting from many others othersAnd othersAnd othersAnd And obviously Wallace had given givenconSlderabe givenconsiderabe givenconsiderabe conSlderabe considerabe thought to the subject subjectbelore subjectbefore subjectbefore belore before insisting mSlstmg on its necessity so soposItIvely sopositively sopositively posItIvely in his book . . His idea is very simple Long a astrong astrong astrong strong advocate of farmer co op- op operatIves op operatives - . eratives . , many of which have been beenvery beenvery beenvery very successful , Wallace is pursumg pursuing pursumgthe pursuingthe pursuingthe the same objective in promotmg promoting promotmgconsumer promotingconsumer promotingconsumer consumer co operatIvesIt's operativesIt's operatives operativesIt's It's Its ' the age old target-the target the targetthespread targetthespread target - thespread spread between v/hat v hat what / the farmer farmergets farmergets farmergets gets and what the consumer pays . . Both Helpless HelplessIn In the WPA produced play play"Triple playTriple , "TrJple TrJple "Triple Triple " " A Plowed Under , " bemg bemgput bemgput beingput put on m in a number of theaters by byWPA byWPA byWPA WPA casts throughout the country countrythere , there is one scene bearing bearmg on this this.The thisThe . The farmer comes up to a greedy greedylookmg greedylooking greedylookmg lookmg looking mdividual mdlvldual individual seated at a table tableWIth tablewith tablewith WIth a quart bottle of or milk . . . "How How " much do I get7 gets get ' " he asks"Three asks"Three asks asks"Three "Three Three " cents , , " says the middle middle- middleman middleman - . man manCommenting Commenting that it cost him himmore himmore himmore more than that to produce , the thefarmer thefarmer thefarmer farmer says : Til "I'll Ill " ' ' take it it . . " A second later a poor looking lookingwoman lookingwoman lookingwoman woman comes up with a bottle"How bottle"How bottle bottle"How "How How " much is a quart of mJlk milk milk"she milkshe ? " she asks"FIfteen asks"Fifteen asks asks"Fifteen " " the middle middle- middleman middle-roan middle roan middleroan"That "Fifteen Fifteen cents , says . - - man man"That "That That " is all I have , but ' I'll Ill ' ' take takeIt takeIt takeit It , " she says sorrowfully . . The point pomt of the act being that thatboth thatboth thatboth both producer and consumer are arehelpless arehelpless arehelpless helpless , having havmg no alternahvePart alternativePart alternative alternahve alternativePart Part of the trouble , : Mr . . Wallace WallacebelIeves Wallacebelieves Wallacebelieves belIeves , is solved by farmer co- co cooperatives co cooperatives - . operatives But though these have havebeen havebeen havebeen been successful , the fact remams remamsthat remamsthat remainsthat that there is still a wide spread spreadremammg spreadremaining spreadremaining remammg remaining between bet\\een bet een \ what the farmer farmergetseven farmergetseven farmergets gets-even gets even - even through a co operative operatIve- operatIveI operatIveand operativeand operativeand - - I and what the consumer pays . . I ISo . So Mr . Wallace wants to reduce reducethis reducethis thiS spread by having havmg the con- con consumers con consumers . - sumers organize orgamze tooSo tooSo too tooSo So the much berated milk trust trustmay trustmay trustmay may find itself ltselI with a few fcw TV TVA A type typeof typeof typeof of yardsticks applied to its profits profitsto , to determine determme whether its profits are arenot arenot arenot not much too large . . Income TaxTreasury Tax TaxTreasury Treasury Department e'Cperts eCperts experts e'Cpertshave expertshave expertshave ' have about reached the conclusIOn conclusIOnthat conclusionthat conclusionthat that they would . like l1J.e l1Je to have the theso theso theso so called capital cnpJtal gains gsms and losses lossessectIon lossessection lossessection sectIon of the income mcome tax repealed repealedGreat repealedGreat repealedGreat Great Britain Bntam has never had such sucha a provision , and , our Treasury ex- ex experts ex experts - . perts think has not suffered for Its Itslack itslack itslack lack . . . It will be recalled that the whole wholecountry wholecountry wholecountry country was shocked , a few years yearsago yearsago yearsago ago , when it discovered that J J.Pierpont JPierpont . . PIerpont Morgan bad had not paid any anyAmerican anyAmerican AmerJcan American income lOcome tax for several severalyears severalyears severalyears years m the early part of the de depression . pression , though be he had paid taxes taxesm taxesin taxesm m in Great Britain Bntnm for the same yearsSimply yearsSimply years yearsSimply Simply stated the point is this thisIf thisIf thisIf I If an American bought a residence residencefor residencefor residencefor for $6000 6000 $6 6 $ 000 in 1927 , and sold thatproperty that thatproperty thatproperty property m in 1929 for $9 9 $ $ 000 , his has in income . come tax return made on March 15 15,1930 151930 , 1930 , must show a profit of $3,000 3000 $ $3.000which 3.000which 3000which $ , . , , which would be taxable as mcome income mcomefor incomefor incomefor for that year . Or if the buyer of that house sold soldit soldit soldit it in 1932 for $4 4 $ 000 , he could CQuld deduct deducthis deducthis deducthis his loss , $5,000 5000 $ , , from bis his 1932 in- in income in m income . - come as reported in March , , 1933PrecIsely 1933Precisely 1933 1933Precisely Precisely the same is true of ofprofits ofprofits ofprofits profits or losses on stocks , bonds or orttny orany or&ny orny ttny any & other property . Whereas in Great Britain that thatsort thatsort thatsort sort of thing thlOg Is regarded as capitalnot capitalnot capital capitalnot -not not - not income-and income and income - - and neither profits profitsare profitsarc profitsarc are arc charged as income mcome for any par particular . ticular tlcular year , nor losses lesses allowed allo\\ed allo ed \ as asdeductIons asdeductions asdeductions deductIons from income mcome for the theyear theyear theyear year In which the deal was con com concluded . cluded eluded cludedEconomists eludedEconomists Economists gem g e 111 u L . . rally raIl r a 11 y have haveagreed hav havagreed < . agreed that the British system i5 1s 1smore i5more i3more more equitable , aOl.snot aOlsnot aoi-s aoi s aots . - _ not snot subjectthe subject subjectthe subjectthe the taxpayer to piled up taxation m mone mone inone one year , docs does net act encouragebooms encourage encouragebooms encouragebooms booms , and for many other reasons . . Duo "u u " t to . the gan'l ganl gam Can't Cant ' a , n- n ncertainlosses u : . - nue hilure tlilure d 1 1L " , . certa certato certain $ to toPi Pi Day , lnto.e lntoe 6 t ' . ! : . losses ht1losses losse certainlosses s sYears . ho Ytara Years 'libtn libtn wbea swbea ' he s bowtvtt howeve bs Ital bsital gainsr r , the thei theto ht1 i gains to ' , heathfish I.nd Ind I.nd1001tS ! . 1001tS fish ht1f ; < ' ) f a a'hea ahea head heath cad > > 1'lrin i 1 psi psiplan Plan a , . 'lrin lrin ' 1riat m taty tatyProfit lti.1 lti1 . profit and nd L LThe Lou loti Lu Lou.The u . The taxpayer tnxparer . .The The : aWl t .ynt ynt Wl ' . full incomeWl I.s Is . Income tax bo .u u . to b bt o On 111 1pl4 pl4 by 1 , ' sales But t h f'e fe . y heu he asf'e up u P to only tall as de4 did ydid $ , $2,000 2000 onlyyear $2,000net Ye year r . _ net for tJ : . I I I . o U you mk In , , k e $10 10 $ ' Some propert prop xnY y ceo yhill hillxnY One fltll hill taxes onY Jta ) tat : o4 , ' " probably sboob sboobthat shoo shooh0pp b that h0pp $ to 11 11stiffs You stiffsb st stiffs I Up ep surfnes urtaxts . , trto o oBut . But U i yu You ( , lose 105 t $10 10 i1 $ - . , i1Year 0o00 year On similart tJO : te ; similar teduct salts sale . s duct only $2,000 2000 $2,000salts $2,000s $2,000k0r $ , , frOIn k0r tr & 10 in com comPu ullng bag tb tbfrOIn I4 1 10 the I4Politically e fD fDe 1ncoQ , e tttC 1 C t POlitIcally ttt bt btwas tttas , of ofe c ce \\as as was \ that the theI cOlJrst cOlJrstf , -f f I - $2 2 $ , 12,000 12000 12,000e , e > Jet let out aU all the : cem eIt eItII > II ro : rowere area a aeIt fr7 were \ ere not tfr7 , enough enougho t o t ! to make an effec'tg e 'tg tg 'tgs ' b C liveBut tffec effec live T Te s + But nOR nov , the ' ! Tr . c change h healu ange the , easyore ealu easy i 1 tBrItish 1British Vhole yh yheasy ore t 1 BrItish fno system system . , f ft for fory or Lor tea t , - . II y L- L - . f no hattirtirctipolitical COntectIon connection ! Vihatt hattirtircti hattirtirctia e : - a poIJl1cal political change \ e1l eQ ' ec td tdthe eQMorgan's Morgan's Morgans Itthe ' testim testimont testimec ; , It the country . , 4'1 41 " ' d1Is stidiIs The Treasury'S TreasuryS ' 1 1d1 stidi stidiF \d1 d1 \ : F Is that it costs 4 4capital capital . algain gams gainsd ; and and10utJ more 10utJ 10utJctettia ! & oases oasesm o ctett\ia ctett ia ctettiaincome % m \ oasesincome Income than it is WOrth t ' t0ly 0ly ( b bIt It " Is not disturbed disturb f fmous bmous Ey b , -mous mous - mous trouble to 111 Ca > 3 3man hman to'luth Much \\'luth 'luth luth whey \ ' h it itCa man tQ tQcome or woman rnakatQ make makI rnaka : , g & Ct1 come tax - " kg dl tax"chctkll1g -"chctkll1g "chctkll1g chctkll1g Ch k which propywere the U . proptlty Property proptltyor propy or , were bought , , the ttact exact elicit- elicit - elicitcommission pr r4 . C " commission , etc ctc , . and dea ( of sale " , less highly disturP cxpen cxpenteJ es tiette tte . P a 'tt tt ' . . thelob distur disturbed bed by tie the job lob of going over thta the tb checking them tor for , trw tiro checkmg checking tnychecking b back . - : It Itsources besources < cJ to tb be tfcsources * sources to discover dlscoHr if f : te is teis ifis IciiiSaj(2) IciiiSaj2 (1) 1 0) 0 ( ) correct In m inhhc hIs cat cat.cu c .cu cu . ! , (2) 2 ( e:1dOf makingOf ) honest inmaLng in maLng making maLnge:1d raalun { e:1d e1d : & ( Of course , tens jl 4 &y y &ysuch th 16 & 16such , t ( such fromdo ptado rctunn returns are fromt ! from rem pei peiany pta do not tm-aTheir tm aTheir tTheir paypei pay any accse mco.e mcoe incoWt : . tug In Ita - ! t Their gross income ticatSminimum titet tr a trmmlmum ammimtun mmlmum mmimtun at nt . nhich v.1uch v1uch which a fe " rr rrta y , required rcqUlred yrequired , but theirbring their lbelf , brmg bring exonbring them below _ . the1 thelevel the /1 1 / ( " , level . inklevel . w [ Politically Pol1bcally , hosier hO\\e\ef hO e ef hoaeier \ \ . , am a riff ! riffmay mi mimay ! may developLack develop 'i i 'iLack ' Lack Big Names NamesLack ( Lack of nationally notionally kno b hoia as tta : ttaof uaof of the right political pol1l1cal ind and C ( ge K Kcal g gcal cal background is ones one it f ! trmn trmnwhy tit ! rtlU rtlUv ( anwhy why v . hy there is so much precniGovernor rmrt rrewta : ; I t ; Governor AUred Alfred M . M Id . . licit LWz Laos t . tchange lchange . change hit his campaign lac tact hcta.pttcr hctapttcr . , 1 : ' ! ii di iiter diter ter President Roo'esetrax Rooesetrax Roo Rookie Rooe ' \e e \ t tncA ( [ ! ! be beand Itand and make what might initbtbec&l initbtbecl kt be cods & I It It"rousmg it"rousmg k"rousing krousing "rousmg rousmg " " campaign . . . 6 6The The Tbe Democrats bare have i a sritf sritfsuch RtS ! t ( 'such such ' such names Vice iWldd resldr.t resldrt ? roI < St3 . Jiff % ' * JiffN if ifN LN N . . Gamer Garner does not notaUcwbtii notallcaht allew IJ : ! r.ar rar . , to be used much-drf much drf much-dld dld much-did did - - - nd iCI \ 1932 campaign-but campaign but campaign - but .herH't .herHt herHt .heres'cgiq .herescgiq herescgiq . . Aert .heres'cgiqof t.t tt . . ' ' ' i iof fcof of others From the s st ttiai > sleff sleffDemocratic dt ; ; K Democra Democratic yDemocratic c campal campaigi campaigithere camp tliat'WC tliatWC & stC ' : ' t- t - tthere tthere there is no geographicil geographical br : buret tiffff ; 1 ! & { fiman s sman man from trom Maine Mame is u justuga just u fdt r.eta reta . < s sa tia a man from TexasThere Texas There was a time tune when t tot ! ! tJ ! so g < . 1 ; 1cratc cratic crabe cratc , publicity pubhclty bureau buruu m.ttiI mttiI m.tdita mtdita m.tditahesitated a- a . ayhesitated m.ttiIjrJ - . ! jrJ jrJhesitated yhesitated hesitated to use the DdmecfSa narnedS5 narnedS5William nme * d Sea : SeaWiUiam -WiUiam WiUiam - WIlham William G McAdoo , . , for ( or 02 era 02Too t tToo . Too many people , ; tre 'ere ere sere ' 12 Bagainst 4 ir iragamst { agamst against him because ft 01 ci t.i ti . ft ff ffthat 4 ! : . that developed at Uaiiuca lJadLSCG Madisca S SgGarden Sf1 ! III IIIGarden Garden , . with V.lth Vlth its rehpoa reJgocs rebecai ! ; d dt dground t p pground pground ground . , There Thefe was . a.tur.t atur.t aturt a.tII.e atII.e atIIe atice . : ' . . r.et ret sSck sSckDemocrats . i t t < tDemocrats iseDemocrats Democrats |