Salt Lake Telegram | 1933-12-14 | Page 2 | 'Whisky Trust' Charge Hurled

WHISKY TRUST CHARGE HURLED Timber for Barrels Cornered Kentuckian Says at Tax Hearing By Dy WASHINGTON Dec pee 14 ExIst 14 Exist Existence ence of a whisky tr trust st was charged at a Joint congressional hearing on liquor taxes today by Harvey HSmith H H. Smith spokesman for a group of independent independent in in- dependent Kentucky distillers He gave this testimony as the joint congressional committee hastened to wind up hearings on liquor taxation so the house ways and means committee commit commit- tee tomorrow could hear the views of Acting Secretary on income taxes Representative Buck D D. Ca Cal tes tes- tes V there V was no need of increasing the he tari tariff duties on foreign wines be because because cause the American producers will not b be able to supply the demand for some time Must Mud Be De Ar Ared d Wine must t be aged aled from one to four years he added explaining the do do- product will wUl have to wait forthe for forthe forthe the process Smith said If IOU there is a whisky I trust which we think there is we weare weare are entirely outside of it We found there wa was a trust when i we sought financing he be added The whisky trust has hM all the whiteoak white whiteoak whiteoak oak timber Umber cornered for the purpose of controlling barrel production Smith contended 1 if his distillers could make their own barrels they could produce good whisky for a barrel Made More lore Cheaply He said the barrels could be made for from to each but if U bought from outsiders outsider they would cost said he would testify tomorrow on the recent report of the ways vaya and means subcommittee which among other othor things thIng recommended higher surtaxes on incomes The treasury head hend said his testimony will be purely an analysis of the subcommittee sub committee report from the adminis point of view It was considered unlikely that he would volunteer any statement on rates He said laid his testimony would not approach the subject from the point of view of budgetary needs but bul deal rather with administrative re reo re- re visions T The possibility of return e n of national u Jr ino no J is no not eliminated by repeal was sug suggested ted ai at the hearing by Representative Cochran Cochran Coch Coch- ran nm D. D Mo at a joint congressional hearing on liquor taxation Prices Too High Cochran warned that the bootlegger bootleg ger will wiIl remain unless legal liquor Is sold cheaply enough enouch to r reach ch the poor man The Missourian said liquor prices today were too high to drive out the illegal traffic Representative Buck urged that thai distilled wine o of less than 14 per cent ceni be bo permitted to go tax free tree