Show r 4 : -- Friday Mormng- - Excess Profits Plan Peril to Industry Donald A Callahan Tells Senate Finance Committee By Harry J WASHINGTON Sept 5— In language typically western — blunt but understandable — Donald A Callahan of Wallace the Idaho Mining association the only western minto man appear before the senate finance committee Thursday ing tore Into the tax bill recently passed by the house and recommended that It be ditched entirely and a fair workable bill ta In as a substitute really finance the defense program be brought The bill as It passed the house ourselves In the he said was "an expert’s dream we shall involve - and Intricatemost costly system of confusion to taxpayers complithe mind of that of accounting cated and unintelligible” Mr manever conceived Allotted but 10 minutes "We metal miners use plain lanCallahan made the bgst of his Therefore we designate the guage minof the time First in defense methods attempted In this bill ing industry he said: "We people means of differentials and daily by who produce precious base and borstrategic miners are not en- computations of capital and gaged in a profiteering enterprise rowings as the work of swivel-chaIn this year 1940 we shall have experts who are Intoxicated no excess profits if by that term ty to juggle we mean an unreasonable return by their conceivable to meet words every due brought about by high prices to the defense program When situation They seem to think we you propose to tax the profits of miners are blessed with accounting corporations at a rate designed staffs equipped to meet any reto prevent undue enrichment you cannot get large revenues out of quirement of law which can be the mining Industry unless you put down on paper Our principal adopt a formula which stigmatizes business at one time was taking ore from nature's hidden places normal profits as excessive ‘That is precisely what this bill making It of value to human soproposes to do It gives us the ciety and spending a large part ot new choice of accepting as normal the the proceeds to develop Income of four years of low metal sources of metals either by openprices and high cost of production ing up new veins developing old or of adopting a second method of ones or through metallurgical re"normal profits based on Invested search making heretofore worth capital The bill would penalize us less minerals valuable "As a representative of one of If we accept the first method it would limit our profits if we the greatest base metal areas on choose the second method to a earth I protest against this bill figure which by no stretch of because It penalizes an honest the Imagination can be deemed a necessary and constructive busireasonable return on a mining ness and will make it simply imventure possible to enlist the capital need"If we choose the second method ed to continue its operations” ir own-abili- - J lGt£t4j0' Ttetos 4 AVGUST SALE PRICES Continued lor a Limited Time! Fashion ’at money-savinSeal-dye- d Muskrat— Hudson prices Sable-dye- d Muskrat— Skunk— Caracul Wolf— —Manchurian Sealine - dyed Coney Fun of g '49” ethers (Continued From Page One) 009 men not volunteer within 60 days An appeal from the president for volunteers would be required he said1 and the enlistment period reduced from three years to one In opposition Representative Thomason (D) Texas ranking Democrat on the military committee said that “if you are opposed to this bill this is one of the best means I know of to scUttle It Thjs is going to disrupt the whole organization of the war department and draw a line of distinction between the drafted man and — the volunteer” After 60 days of "ballyhoo" for and emphasis upon volunteers he added $he draftees would be “ridiculed and abused” and the “worst sort of psychology” would have Representatives of both the States chamber of commerce and the National Association of Manufacturers appeared In Opposition to the bill Objection Stated Ellsworth C Alvord chairman of the chamber's committee on federal finance urged that the committee enact without delay provisions liberalizing amortization requirements of the present law for investments In new defense facilities and then take "adequate time for the development of the basic principles and provisions of a true excess profits tax” Alvord contended that the house developed bill would "jeopardize the national Representative Hamilton Fish defense Representative McCormack (D) program" result in ‘price House adopts his trial Massachusetts told the house that enlistment plan in draft increases and discourage private finance and repayment of debt-N-oel In his opinion the danger to Ameri— measure Sargent secretary of the ca was not sufficiently Immediate manufacturers’ association said to justify conscription and that his organization favored a "care-- 1 consequently he would vote for fully drawn emergency excess-profitax" but was opposed to the Fish amendment the pending legislation on the Views Divided ground it "revives the principle that size or success shoqld be Two senators expressed conflicttaxed as such" ing views over the conscription The d bill would bill in separate radio speeches levy a 20 to 50 per cent tax on Thursday night WASHINGTON Sept 5 (Ah — A all profits on- - a corporation in Senator Burke (D) Nebraska excess of "normal” It would desigsenate author of the measure con- record-breaki$5251486392 detended that it waf “the very es- fense appropriation bill carrying nate as normal the average of profits for the period 1036-3- 9 Insence of democracy that along with the privileges of a free society funds to purchase “critical” clusive or permit the corporation to figure its normal profits by a which are enjoyed by all alike the equipment for a 2000000-ma- n formula based on relations of earna on to work and and begin responsibilities army obligations ings to invested capital mustiest upon all in equal meanavy won house apAlthough urging a "number of sure” Senate ratifi changes a spokesman for the But Senator Taft (R) Ohio as- proval Thursdaycation of minor changes will send American Farm Bureau federation serted: did not join in the otherwise fairly “It is said that a compulsory it to the White House general condemnation of the bill In two other defense developdraft Is a democratic system I deny it has anything to do with ments the navy disclosed new Speak for Bureau democracy It is far more typical agreements with manufacturers Speaking for the bureau W R of totalitarian nations than of for 2617 additional fighting and Ogg urged that a "reasonable ceilIt is abso- scouting planes and a house com' ing” be fixed above which democratic nations all to the principles of mittee recommended a $150000' profits would be lutely opposed as exregarded individual cess without regard to methods liberty which always 000 defense housing program have been considered a part of The house cut most of the legisof computing normal income American democracy" “The American people” he said lative strings delaying final action on the big defense fund by “are In no mood to tolerate in accepting a Majority of the this time of grave emergency any changes the senate made in the group demanding inordinate profbill It tacked on a few of its its or special privileges as the own however which necessitated price of producing the supplies and senate approval before the meas- materials that are vitally necesto the president Fi- sary to our national security ure could SAN BERNARDINO Cal Sept nal action goon it will “In such an emergency no group boost the 5 (UP)— A youthful bandit robbed session’s defehse commitments has any vested right to demand not only their normal profits but San Bernardino’s main branch of beyond $15000000000 in addition to demand that the One of the major senate amendthe Bank of America at the peak $220109030 to the government underwrite their capibusiness hour Thursday escaping ments added for defense housing tal risks take off restrictions uptotal mostly' with an estimated $4000 in cash and military airports The amount on protits and let them keep a Head Teller Albert F Koehler of the increase won house ap- major part of all excess profits The war and navy departments of Redlands Cal was forced to proval but with an amendment shove the money from his window restricting the unit costs of the sent communications to the comnew housing to $3500 and stip- mittee concurring with recommenand the bandit fled onto the ulating that they could be rented dations of the national defense crowded streets with the currency to enlisted men of the army or commission that certain amortization features of the tucked in a leather brief case navy or to defense workers bill be eliminated Provisions Affected a Star United One of these 18-IPie- ce Complete Stylet— ALL lengths— Many with clever matching Hat and Muff Fur OmfiSnQs August Sale Prices ALL YOU WEAR iron top lo to — ALL included — ALL OWN -- CHOICE— and YOUR of on the email payment only — - 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" jD l t vowsrveser isfroj 4V& Start a Star Account M cam- paign speech Thursday that farmers had ‘learned too much to be' taken in” by Republican arguments that they had made more money during G O P administrations than they had during the past seven Democratic years “in terms of purchasing power” said the Democratic candidate for vice president “the farmers have fared much better in the last seven years of this Democratic administration than they did in the previous seven years In Illinois this increase is 18 per cent in the nation at large ten per cent” Wallace who resigned as secre--taof agriculture to conduct his campaign spoke at an outdoor meeting here on the third day of an automobile trip through down-staIllinois agricultural districts “Our (the Democratic) farm programs” he said “were built precisely to meet the loss of foreign markets brought about in large part Jy the dictators of Europe and the Republican high -- ry te tariffs” house-approve- School Supplies Notebook A filler Combination save Binder index I provisions would require the taxpayer in order to become eligible for liberalized amortization benefits which the legislation authorizes for defense industries to "agree that he would not demolish or substantially alter facilities constructed under these benefits without consent of the government Another provides that if a tax payer wished to dispose of a plant on which amortization benefits had been granted the government might refuse its consent and pur chase the property at cost less the tax concessions U S Opens 1 complete Q 2K3£fl5 - 1 fiSSKT"--- "Vewi" & Hoys fitted Size 6 to give He-- gS? paenrns t0 Boys’ smart wh'gte0sfs Crow All-Wo- ol Sweaters m Plain or rtb varsity ityle! Just the right — arites-- ne in We School tma 4' m°rethanUckanP weight for Fall! 30-3- Boys’ Strlpad 00 6 lip-Pro- Polo Shirts Fine knit cotton with knit collar that lies trim) Sizes 4 to house-approv- The Star ' Ft-- ) 33503 ts In California Fur Cliubliics models de Youth Robs Bank £££jStart September 6 1910 JACKSONVILLE III Sept —Henry A Wallace said In a n” for Gorgeous Mete profusion Autumn’s new color tones — Browns Panama-Car-ibbea- tion” ssxn NEW WASHINGTON Sept 5 AF)— Representative Thomas (R) New Jersey reported to the house committee on activities Thursday that an organization known as "The Spanish Falange” Is working In Puerto Rico toward the return of the Island to Spain Thomas a member of the com- the falange was closely modeled mittee made his report in a letter after the Italian fascist party) to Chairman Dies (D) Texas after “It is my personal opinion” n an Inspection of the Thomas added “that If the nationdefense area “I am convinced" Thomas wrote al socialist party of Germany Is “that it (the falange) would def- attempting to make inroads In initely aid the cause of either Puerto Rico it is through this orSpain or an ally of Spain such as ganization" The falange Thomas continued Germany in the event of any trouble between the United States has "a large membership and has and Spain or Germany or both” ten times as many sympathizers” Thomas said the army and navy Its oath includes he said the intelligence were "welL aware of following: the activities” of the organization “To give myself to the service "but I do not believe our law en- of Spain” forcement agencies in Puerto Rico “To obey no matter where I am have been tough enough with the or to offer service to our chief from the first to the lost call" falange” The letter added that the organ“We have no other-prisave ization aided the victorious side that of the fatherland" of Francisco Franco in the Spanish ‘To maintain over all the scheme revolution with money arms and o- - unity unity between the lands men of Spain and unity between the --Thomas said the falange adheres men of Spain” to doctrines "similar to naziism or Thomas asserted that there was fascism and is in close contact “some communist activity” In with Franco’s party in Spain” Puerto Rico but “it is of no great (The Spanish fascist party called consequence” (Continued From Page One) methods attempted in " this bill by means of differentials and daily computations o! capital and borrowings as the work of swivel-cha- ir experta who are Intoxicated by their own ability to juggle words to meet every conceivable situa- House Okelis Five Billion Defense Outlay 4 Dies Coworker Reports Wallace Notes Farm Gains Riot in Puerto Rico Business Raps - and you can pay NEWEST -- ' “two-ocea- a Star Accountf r Spokesmen Advise Senators’ Act Will Work Hardship Sponsors Of Conscription Tribune Washington Bureau - Bill to Tax Excess Profits Action Overrides Brown " Salt £akt ITdlmnr !j c Vieics Prevail House Votes For Trial Enlistments Idaho Mining Leader' Assails New Tax Bill vt — A well cut a Dad’ll Boys’ 129 worth of stylo and woorl School Pants Shirts and Shorts 100x60 broadcloth Buttons or gnppen! 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Many ready-tie- Usually 2651 Probe Thay CHILDREN’S GOODYEAR WELT Of Iowa Dairy — A v CHICAGO Sept 5 (INS) Special Assistant United States Attprney General Leo Tierney an nounced Thursday that he had dispatched a group of investi gators under the direction of R B O’Donnell his associate in an titrust investigations to Dubuque Iowa to investigate reports ol antitrust activities on the part of unions and dairy concerns According to Tierney activities in Dubuque center about an apparent effort to “freeze” the busi ness of the Sanitary Milk com pany of that city This company Tierney said inaugurated a pro gram thereby customers are charged eight cents flat for every quart of milk or other dairy pro duce purchased from the com pany after the first quart charge of 11 cents is made for the first quart of milk Sown os fiootfy os 1 Girls’ Percale Dresses 59 Pipings! Jack Tar braid! Faced plackets and double collars! Hardly worthwhile to sew yourself is it? Cute prints and plains" Darling styles Sizes 1 to 14 ternity M You actually save getting fine-quali- ty shoes at Grants! Selected : leather uppers thick leather insoles and outsoles Liberty Must Be Won ActorWarns Youths LOS ANGELES Sept 5 WP)— Conrad Nagle motion picture actor told an Interfraternity luncheon herb Thursday that "liberty and freedom are not a heritage to be accepted passively but must be won anew with each generation” "Youth group? can and must cremate the better' realization of thia responsibility” he added The luncheon was held in connection with the nineteenth annual conclave of Sigma Phi Epsilon fra- Leather Shoes qvoHty Top for tolar and stylet Girls’ Anklets They took 20c at leastl Terry-top- stripes Site 6 to s 10V4 151 Folded tip edges Scuff-proor moccasin styles! Sizes 8 Vi through 3! 4 |