| OCR Text |
Show THE PAYSON CHRONICLE. PAYSON. UTAH Edward J. Higgins, new commanding general of the Salvation Army. 2 Gen. Charles P. Summerall with his guard of honor at Fort Myer carrying the flag of a full general, to which rank lie had just been promoted. 8 Artists conception of the Armstrong seadromes for transatlantic air service, the first of which will be half way between New York and Bermuda. 1 NEWS REVIEW GF CURRENT EVENTS Hoover Is Inaugurated and Sets His Program Before the American People. O I three-quarter- secretary of state In President Tafts cabinet, on February 25, 1913, Last year Uncle Sam collected a total of $2,174,543,102.89 In Income tax. This represented a total of 3,247,-70- 3 returns of which 2,529,509 were Individual and partnership and 718,134 were corporation. Of the total tax $882,727,113.64 was paid In by the Individuals and partners and $1,291,845,-989.2To realize by corporations. what vast sums Americans have paid ont of their pockets Into Uncle Saras pockets, all you need to do Is take a look at llie folowing table of Income tax collection during the last ten 5 There are many strange peoples In the broad steppes and plains of Art atlc Russia, and they hate strange ways that the Soviet government will be long In changing, no matter what efforts are made. One of these peoples Is the Kal mucks. One of their peculiar prae- h os is to cast their dead out la open fields for dogs, vultures and other scamigers of the sort It Is a mutter 4,090.-03- Mr. America Is universally looked upon as the richest nation on earth and an Interesting commentary on how the wealth of the individual American Increased, especially during the war, Is shown In the income tax returns during the same period given In the table above. In 1913 a total of 357,598 returns were filed; in 1914 there werj 357,515; in 1915 there were 330,652 and in 1916 437,036. Then came the sudden wave of prosperity during the war and In 1917 the number of returns Jumped to 3.472.S90. From then on there was a steady Increase in the number of Individuals who filed Income tax returns. In 1918 there were 4,425,-114- ; 1919 saw 5,332,700 filing returns and In 1920 the number reached the peak with 7,259,944. Then & revision of the Income tax law caused the num her to drop to 6,662,176. It rose to 6,787,481 In 1922 and then Jumped to 7,698,321 In 1923. In 1924 a total of 7,369,7S8 persons filed Income tax returns. In 1925 there was again a sharp drop In the nun) her of income tax returns to 4,171,051. On February 26, 1926, President Coolldge signed the Revenue Act of 1926, a new law for the year 1923 and thereafter which fixed t he normal tax rate fwr individuals at 114, 3 and 5 per cent for net Incomes from $4,000 up to $100,000. II also decreased the surtax rates and increased the personal exemption of a single person to $1,5(10 and of a married person or head of a family to $3,500. It also raised to $20,000 the amount of Income which may be considered as earned and taxed at lower rates. The first the thousand dollars of net income in all cases Is deemed to be earned. Some interesting facts on t tie income tax situation, especially in regard to the increase in amount of such tax being paid into Uncle Sams pocket, despite rate cuts, were contained in a recent press dispatch from Washing ton which roads as follows: Washington Joseph S McCoy, gov. eminent actuary, has made an analysis of Income tax statistics of the United States for four years, and points out some remarkable facts. For It) of pride with them to see the hones picked dean In short order II augurs well for the deceased. If. on the contrary, the body Is neg lei ted or only partly devoured they take It for a sign that the departed led a wicked and depraved life. The religion of the Kalmucks is Lamaism Indian Good Swimmers. The Bureau of American Ethnology says that the Indians were remarkable swimmers and some of the tribes were in the water as much as were . the primitive Polynesians. The swam six or seven different ways, fuel ding treading water, and would dive to the bottom of deep water. A common in stitution among the Indians was the sweat hath. They would sweat In a specially constructed sweal house which was closed up to keep the heat in, and when they though! they had sweated enough wcuitd suddenly run outdoors, giving warwhoops throw themselves Into the cold water, and the sweat house after a while to dry off, rince they had no towels of a private citizen. Despite the wishes of Mr. Hoover that the inauguration be as simple as possible, the committee in charge made flie event the gayest of Its kind In more than a score of years, and the national capital was thronged with visitors who participated In the three days entertainment, The feature included a reception for the governors of a large number of states with their staffs, an air circus that enlisted army, navy and civilian aircraft, the great Inaugural parade and a charity ball. Being notified about 11 :30 Monday morning by a committee from the senate and house that the time for Ids inauguration was at hand, Mr. Hoover, with President Coolldge, escorted by cavalry, rode down Pennsylvania avenue to the oapitol and, In the senate chamber, saw Vice President Dawes swear In Senator Charles Curtis as Vice President. Mr. Curtis made a short address and the Presidential party went to the inaugural stand. There Mr. IIoov er took the oath of office, administered by Chief Justice Taft of the Supreme court, and made ids inaugural address. Thereafter the Presidential party betook themselves to the White House, ate luncheon and, from the reviewing stand in front of the executive mansion, watched the long inaugural parade which took about four hours in passing and over which hovered a hundred airplanes. Mr. and Mrs. Coolldge, following the precedent set by Theodore Roosevelt, left Washington In the afternoon for their home In Northampton, Mass. President Hoover's address was listened to with enthusiasm not only by the vast crowd present hut also by a radio audience that embraced a considerable part of the countrys popu iatlon. It set forth his view of the state of the nation and of its relations with other nntions and his conception of the policies hurt il "signed to promote peace and improve living conditions. Bnt, more important, H disclosed an eminent eng'neer's vision of a huge program of public works in the next four years, involving the expenditure of billions of .dollars, and of a farm relief program that, while cost ly, will, he believes, return tremendously infreased profils for cnp'tal and labor. Offsetting tiie great expenditures suggested, the new Presi dent pointed the way to govern mental economies beyond eon thoe He of the Coolidge administration. In waste of elimlnat'on the proposed the processes of government to an extent that would save the taxpayers more than would he expended on waterways, farm relief ami other projects combined. This would be accomplished by a radical reorganization of the federal government on eientifle lines of reclassification of fund ions, elimination of overlapping, and eventual reduction of personnel. 1927." all-nig- Cling to Strange Ways congress has depended on Mr. to furnish the ways and means and the finance committees Information on which to frame tariff and tax measures. Ilia opinion Is considered the last word on federal taxes. Mr. McCoy compares the calendar year of 1924 with that of 1927. "The total taxable net income for 1924 was 4 18,122,963.821, returned by individuals, while for 1927 It was 18,082,610,787, returned by only 2,458,859 That Individuals, " said Mr. McCoy. same net Income as the is, practically was returned In 1927 from 60 per cent as many Individuals as returned similar Income In 1924. The net Income returned by those with Incomes In excess ot 10.000, however. Increased from 5 in 1924 to 10,105,817,127 In 1927. The net Income alone did not Jnorease, but the total net tax returned Increased from 689,124,185 for 1924 to 826,245,497 for years McCoy Commenting on the showing made. The strange, almost McCoy said: unbelievable fact Is revealed by these statistics that, In spite of the reduc tlon of the tax rates by fully 40 per cent, out of the total number of re7,298,481 for 1924. turns aggregating 4,122,242 Individuals In 1927 returned net taxes of 137,111,312 In excess of that returned for 1924. Th'e average tax returned for 1924 was 95.79 and for 1927, 200.45 an increase of average tax of 109 26 per cent and of gross tax of 19.9 per cent, as compared with a reduction In the number returning taxable net income of 39.9 per cent and a reduction In the average tax rate of about 40 per cent. "The reason for this anomaly Is clearly the enormous increase in the number and income of the larger, together with the elimination of so many of the smaller, taxpayers. Mr, McCoy asserted that the collections show that Secretary Mellon was right when he told congress that a "reduction. within reason, in income tax rates result in a greater tax yield." "Another thing shown," Mr. McCoy said, Is the displacement of Individual by corporate business. The 1927 preliminary returns show that the Income from individual business was 3.828,702,060, while the total gross Income returned by corporations was 127,106.621,648. The total net Income returned by taxable Individuals for 1927 was 18,082,610.787, as compared with 8,088,200,905 taxable net imome returned by corporations. The entire Income returned by In divlduals from wages and salaries was as comparAl with only 10,046,866,086, 3.528,702.060 as the returns for Individual business. This would seem to indicate that Immense sums must be paid to taxpayers as wages and salaries by corporations. "The marked effect ot the new Income tax laws upon the wage earners is reflected In the returns ot incomes from wages and salaries for 1924 as compared with similar returns for 1927 In spite of the great Increase In incomes, and In creased prosperity, these returns for 1924 totaled over 3,700,000.000 more than did similar returns for 1927 This Is account, ed for by the personal exemption Increase of 60 per cent for single persons and of 40 per cent for married persons and heads of families, which reduied the number of returns over 3,100,000 Individuals from 1924 to 1927." Mr. McCoy based his study on the "preliminary statistics of income" for the calendar year 1927. "The total number of individuals makwhile ing returns, for 1924 was 7,298.481 for 1927 only y, 122.242 made similar returns, a reduction of over 43 per cent. he pointed out. This was caused by the increased personal exemptions provided by the revenue act of 1926. "The number returning net Income Id excess of 10.000, however. Is another story. For 1924 there were 256,5'Xi of such returns, as compared with 343,856 for an increase of over 4 per cent 1927, The number returning net incomes of over 1100,000 tor 1924 was 5,C94, and for 11.067, 1927, an Increase of nearly 96 per cent. Th number returning Incomes In excess of 1,000,000 for 1924 was 74. and for 1927, 28't, an Increase of almost 283 per cent. dent of the United States America and Calvin Coolidge Is again 7 E) ELMO SCOTT WATSON T WON'T be long now until Uncle Sura will be saying to his children, "GlmrnleP and approximately two and a half million individuals and s of a nearly million groups of 'Individuals will be digging down In their pockPts and handing over a certain part of their 1028 earnings to their Uncle, who Is in need of this money to aid Ing a nation of more than 120,000,000 and guaranteeing a continuance of their life, liberty and pursuit of happiness. All of which Is by way of saying that the filing of Income tax returns by corporations and individuals and the payment of the first installment of the 1928 Income tax Is t due on March what that means was Indicated by a newspaper editorial writer who observed recently that "Many persons are bothered not so much over payment of their Income tuxes as over the complicated task of making them out Even the man who finds, after an session with his Income tax blank, that he owes the government cents, has to go only twenty-nin- e through the same complicated processes as the man who Is entirely out of the class. "In addition to the general government of the United States, many individual states Impose an Income tax. Municipalities have not become ad dieted to the practice, but tf they should, the average man, who has to sit up late to clear up the difficulties Involved in checking up his milk bill, might as well prepare to ask for a weeks vacation In which to pursue the elusive and many tiroes beclouded issues which the ordinary tax blank presents. "Income taxes In the United States are a Twentieth century product. Springing out of the stress of wartime conditions, they have flourished to such an extent that an occasional bumper crop prompts the government to hand back the surplus. The states have not yet complained of overflow ing treasuries. At this time millions of amateur accountants, each armed with an adequate supply of lend pen tils, a ream or two of note paper, text books on mathematics, government eir culars and hope that springs eternal, are squaring away for the annual great American task of filling out my income tax blank. It was just 20 years ago that Uncle Sam decided to Impose an income tax upon his children, for It was on July 12, 1909, that the Sixty-firs- t congress proposed to the legislatures of the various states the following amend ment to. the Constitution: The con. gress shall have power to tay and collect taxes on incomes, from whatever sources derived, without apportion ment among the several states, and without regard to any census or enu uieratlon." This amendment was accepted by all of the states except Con necticut, Plot Ida, Pennsylvania, Rhode Island, Utah and Virginia. It was de clared to have been ratified as Article XVI, or the Sixteenth amendment to the Constitution, and became a law In a proclamation of Philander C. Knox. By EDWARD W. PICKARD HUBERT HOOVER is now Presi--t In Its final da vs cleared legislation and left some unfinished, killed or postponed. Fili-s- , busters were frequent and in some rases effective. Ttiey caused the senate to abandon the congressional bill passed hv the house and to consent to the continuation by a committee of affaire of the Indian bureau. The second deficiencv supply bill, minus the $24,000,000 prohibition enforcement item, was passed by the senate after Senator Dill had conducted a filibuster on behalf of his demand that the appropriation for a survey of the Nicaragua canal route he out in lmif. The senate also adopted the conference report on the naval appropriation bill after the rad leal group had made a hard fight. s$12 370, 0i0 will be made available for starting work nt once on live cruiser building program. I Tesp!te the stubborn opposition of the wets in the hoii'C, that liodv passed the senate measure, known as CONGRESS j the Jones bill, which Increases the maximum penalties for first offenders against the Volstead act. The proposed legislation for the deportation of alien gunmen failed because the senate conferees refused to accept certain provisions in the house bill, holding that they created unjustifiable Inequities. Efforts to postpone the national oriplan, gins Immigration restriction which goes into effect July 1, also failed. The President transmitted to congress a revision of the national origins quotas which decreases the British quota from 65,804 to 65.721, and Increases the German quota from 24,008 to 25,057, and the Irish from 17,427 to 17,853. Norway is reduced front 2,403 to 2,377, Sweden from to 3,314, and Denmark from 1,234 to 1,181. President Hoover may obtain the peal of the revision plan at the and three quarters to Europe, sIdc Europe lias the deepest interest In the settlement. The settlement plan devised by Sir Joslah Stamps subcom-mltte- e provides for the division of the annuities that Germany is to pay annually Into two parts. The first and the larger portion Germany must pay unconditionally, but the balance she may delay discharging if the payment would endanger the exchange rate and threaten again to depredate the mark. This provision was necessary because when the plan to revise the Dawes plan was agreed on, the original transfer committee which safeguarded the German finances was automatically dissolved, and the Berlin representatives Insisted that they need this protective organ if they are expected to pay anything like what the nllie demand. ' re- session of congress. He opposes it on technical grounds, holding the national origins figures cannot he accurate and that it is best to leave the quotas to the present census basis. for the sale and United States und American Merchant lines and the construction of two palatial liners by Paul IV. Chapman & Co., Inc., of New York, were signed. The documents provide the necessary legal guarantees that the ships will remain under the American flag for a period of one year and maintain a regular schedule. Chapman takes over the operation of the eleven ships of the two lines, ineluding the leviathan, and will let contracts for the construction of two liners nearly as large as the Leviathan, but faster and more luxuriously appointed. They are to be speedier than any ships now built or building. . Chapman agreed to pay the shipping hoard $16,300,000 for the licet and some shore property? Approximately half of this sum is to he paid at once. The shipping board agreed to loan the purchaser approximately s of the con$50,000,000 us struction cost of the proposed new ' liners. CONTRACTS three-fourth- lesser degree the was interested in tiie publication In a Utrecht newspaper of documents disclosing an 'alleged secret military agreement beDr. J1 tween France and Belgium. Louden, Dutch minister to France, demanded an explanation, and tlm French foreign office asserted the treaty and its interpretation as printed Belin the paper were falsehoods. sima made minister giums foreign ilar denial. The Belgian chamber of deputies decided that if any Belgian minister Had signed the alleged treaty, he should be prosecuted in the courts. Tiie edtor of the Utrecht paper declared the source from which he secured tiie documents was "absolutely above suspicion; that they are the minutes of a meeting of military experts. signed and officially sealed and include the text of the Franco-Bel-gia- n treaty. HOLLAND, and In , TROTSKY, the exiled " lk, Is said to he in an advanced stage of tuberculosis, and his friends have been trying to arrange for ids removal from Turkey to some more beneficial dime. Those In Germany have prepared for him a cottage in tiie outskirts of Berlin where he and his wife can live in simple comfort if the German government con- LF.ON sents. of the highest order AIRMANSHIP nerve saved Colonel Lindbergh and his fiancee, Miss Anno Morrow, from serious injury or death down in Mexico City. The colonel and Antiehnd been on a little airplane ride in the course of which a landing w.heel was lost. Lind.v told the young lady they would upset on landing but not to be frightened, surrounded her with cushions, and flew about until the gasoline was to avoid the possibility of He then came down to explosion. ground with the utmost care and skill. The" plane upset, as he expected, anil lie sustained a dislocation of the shoulder, but Anne was unhurt. The colonel's injury vfns attended to at a hospital and he took Anne home In an automobile which he drove with his left hand. He declined to talk about the upset, insisting it was not an accident, merely a mishap. Showing that the "mishap" hadn't daunted them, Liudy and Anne made three short flights next day, the colonel handling the plane with one hand. George Haideman, who was Ruth Elder's pilot on her attempted transatlantic flight, made a fine nonstop flight from Windsor, Ont., to Havana, Cuba, In 12 hours and 56 minutes Joseph Lebrlx, the French aviator, and two companions on an experimental mail plane flight from Paris to Saigon, crashed in the Gtllf of Mataban, Lower Burma, wlten more titan eight days ont from Marseilles. The plane was destroyed but across several. HURRICANES swept Middle South lastV tiie week, killing nearly two score persons, Injuring many others and doing considerable property damage, The regions hardest hit were In Mississippi. Arkansas and northeast Texas. In Minnesota, Wisconsin and Iowa there were blizzards that interrupted transportation; In Ohio, Missouri, and southern Illinois there were tl reaten-In- g floods; and the region about Los Angeles was Hit h.v a destructive gale. SIIARKEV of Boston young W. L. Stribling of Georgia in the much ballyhooed heavyweight field in Minina Beach and was givcD the decision by Referee Magnolia after ten rounds of rather unexciting battling. The" Southerner, younger, lighter and less experienced than his opponent, had rather the host of the earlier rounds, hut Sharkey, generally avoiding Strihling's really formidable right. W'orp him down with body blow and fairly won the decision. Both were fighters brave enough and showed considerable skill, but the sports writers present agreed that neither gave promise of being chamthoupionship material. Thirty-fivsand men and women paid $100.(V)0 to see tiie fight. Sharkey's guaranteed share was $100,000, and Ftrib-lin- g received $60,000. JACK e Indo-Chin- the aviators escaped serious injury Walter Scherz, who was helmsman of the dirigible Los Angeles when It was brought over from Germany, and of the Graf Zeppelin on ils round trip between Germany and the United States, died in IJerlin from balloon gas poisoning. members of the commission last week discussed flip possible issue of German war debt bonds. The prevailing view seemed to he that the issue should he for not more than a billion dollars and the term for amortization should he thirty to thirty five years. It was of the amount thought should be allotted to the United States BANKER officials of Havana plot to assassinate President Machado of Cuba, overthrow thp government and force military Intervention by the United States. Seventy-thre- e persons were charged with complicity and some of them wore arrested, Among those still nt large was Gustavo Machado y Morales, a cousin of the President. American secret service operatives were saiil to have been in Havana helping investigate the plot. POLICE DEV. HR. NEWELL pastor of church, RrnoHvn, one of noted pulpit orators of H II LIS, died in DWIGHT Plymouth the most the time, Bronsville. Ids home In He was horn in Iowa 70 years ago and first won fani as a preacher In Chicago and Kvnnrton, liL N. Y. |
