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Show other drastic tax measure to syphon sy-phon this huge sum Into the federal fed-eral treasury. He met with the ways and means committee No vember 7 to dh:cuss details of a new super income tax of as much as 15 per cent of wages and income, in-come, the tax to be withheld at the source, but the hou3e group de-cidel de-cidel that action on this request will be "temporarily deferred." This is unusual because this committee com-mittee is ordinarily responsive to administration demand-;, and even Chairman Douglhton is reported to bo apprehensive over this proposal to increase tax rates so soon after aft-er the $3, 500, 000, 000 measure enacted en-acted only a few month3 ago. It is obvious that tax burdens are destined des-tined to become heavier, and that increased income of Americans will be diverted to the treasury. m m m The president has asked congress con-gress for an immediate appropriation appropria-tion of $30,000,000 for additional transmission facilities in the Bon neville power system. In a letter to Speaker Rayburn, the president said the additional facilities au life. A report this week showed ' 23 such accidents, involving 70 deaths and 14 injured persons, during the past two months. During Dur-ing the same period, there were two crashes of commercial airliners, air-liners, with 34 fatalities; the first in many months. There is a special spe-cial committee of the house investigating inves-tigating air crashes to determine the causes, and to seek preventative preventa-tive measures. Maxim Litvinoff who came to Washington in i933 to negotiate the treaty of American recognition of the oviet Union, will become the Russian ambassador to this country, coun-try, it waa announced November 6. This move presagej reversion of the Soviets to a former policy of collaboration with democracies, and a desire to cultivate friendlier relations with the United tates. The state department immediately announced a loan of one billion dollars to Soviet Russia under the lease-lend program, with repayment repay-ment to begin .five years after the conclusion of the war. Stalin expressed ex-pressed gratitude for this assist- ance, and then broadcast cn ad-dre:s ad-dre:s ascribing Russian reverses in the war to 'lack of a second front in Europe" m l to the fact that no British nor American armies are fighting on the continent against Germany. But on the same day, the president presi-dent addressed 250 deligates of the International Labor Office in the White House, declaring: "The American people have made an unlimited commitment that there shall be a free world, and they insist in-sist upon the right to join in the common defense." YTs CAPITAL 4 iff, GLEANlNGSjik j '7 I YOUR CONGRESSMAN jJJlliiMlllill Although tthe international situation sit-uation continues to dominate capital capi-tal interest, the projected price control measure recently reported out by the house banking commit-' commit-' tee, and which is scheduled to come before the lower branch about November 12, is causing much speculation. Members of the committee which conducted hearings are about evenly divided over the merits of the measure; and there is general agreement among observers that political, not economic, factors received major consideration, and that, in its present pres-ent form, there is little prospect that it would prove effective. As one committee member pointed out, the price administrator would have the 'right to regulate everything except inflation." The committee bill does not include in-clude wage ceilings and stipulates that farm, price ceilings cannot be set below the highest of these three; levels; 110 per cent parity, the averge price from 1919 to 1929, the prevailing level last October 1. Government farm experts said that ceilings on this basis would be 20 per cent higher than under the provision in the original bill which put the ceiling at not less than 110 per 'cent parity. Although the difficulties of effectually ef-fectually preventing inflation are recognized in congress it is assumed as-sumed that controls must be applied ap-plied by law to all segments of our economy, even though such restrictions restric-tions are undesirable. Many Washington Wash-ington observers believe the result re-sult will be that Leon Henderson's flexible price regulation plan will win out over the all-inclusive fixed price ceiling proposed by Barney Baruch, which is based largely upon up-on our experiences during ' the World war in controlling inflation-, ary trends. In anticipation of "excess buying power" of between five and eight billion dollars Secretary Morgen-thau Morgen-thau is urging enactment of an- necessary "to meet defense industry indus-try demands at the earliest possible possi-ble date, because a 'critical power shortage in this area is now imin-ent." imin-ent." A total of about $60,000,000 had previously been made' available avail-able for transmission facilities, according ac-cording to the Bonneville administration, adminis-tration, most of which is already contracted for use prior to June 30, 1942. Despite a close vote in the senate sen-ate on the neutrality revision bill, it is expected that proposals to remove re-move the bans on American ships being sent into combat areas and belligerent ports will be submitted to the house in the coming week. Most of those supporting administration admin-istration foreign policies heretofore have insisted that they did so because be-cause such measures "preserved" our peace ,but sending of ships into in-to war zones is recognized as being be-ing conducive to actual shooting and involvement in war. Therefore, There-fore, this issue will come to a final showdown, as it is reported many administration supporters realize the significance of repeal of neutrality neu-trality provisions. The president issued a statement, state-ment, in regard to Civilian Defense week, November 11-16, that "it is not enough that our army and our navy are daily growing stronger for the protection of our national life. Each and every citizen, as a civilian, must do his share for defense. de-fense. In our daily lives, we must halt the waste and unnecessary use of critical materials required for defense. We must work longer long-er hours to produce the munitions required to defeat Hitler. And each of us must be trained in some task that is essential to our total defense. de-fense. There is more than enough for everyone to do in civilian defense." de-fense." The prevalance of air crashes of army and navy planes has been creating widespread concern in the capital and efforts are being made to prevent this appalling loss of |