Show sews W y summarizes THE WORLDS WORL WEEK 0 western newspaper union tax setup needs revision ANIEL C ROPER secretary of D DANIEL commerce says the entire tax structure of the united states should be revised he was speaking at a banquet of the business F advisory council in chico chicago go and his statements appeared to meet with general approval ja A general rev revision is necessary to simplify determination tio of tax liability to distribute the burden of taxation more equitably and to see sec roper broaden the base of taxation to include a larger percentage of our earning population secretary roper said he asserted that the u undistributed profits tax had not entirely fulfilled its proponents expectations that it would bring about a higher velocity of money through larger and more widespread distribution of corporate earnings mr roper expressed confidence that a constructive approach will be found to the he solution of the utilities dilemma and that significant results will be forthcoming that this confidence has a sound basis was indicated by two announcements noun cements made the same day by prominent utility executives floyd L carlisle chairman of the consolidated edison company told the new york state public service commission that his company plans a expansion program the development came during hear ings concerning a proposed bond issue back from submitting to the president a formula tor for better understanding between utilities and the administration wendell L willkie president of commonwealth and southern corporation proposed a general truce between business and the roosevelt administration will kies company has been involved in some of the bitterest controversies with washington building boom wanted REVISION D of the existing housing lv law in order to facilitate a building boom was askp asked d by president roosevelt in a special m message to congress he said such legislation would ease the flow of credit and open great reservoirs of idle capital to fight the business slump the responsibility for the success of such euch a program he placed squarely on an labor and industry specifically the president recommended changes in the housing act which would from rom 5 54 per cent to 5 per cent the interest and ser service vice charges permitted by the federal housing administration on loans made b by y private institutions 2 authorize the housing administrator to fix the mortgage insurance premium charge as low as A of I 1 per cent on the diminishing balance ol of the insured mortgage instead of on the original face amount and to ai H of I 1 per cent on the diminishing balance of an insured mortgage where the estimated value of the property does not exceed and where the mortgage is insured prior to july 1 1939 3 increase the insurable limit from 80 to 90 per cent in cases where the appraised value of the property does not exceed 4 facilitate the construction and financing of groups of houses tor for rent or for rent with options to purchase through blanket mortgages ages 5 clarify and simplify provisions for the construction of large scale rental properties through facilitating their financing 6 grant national mortgage associations ciati elat ions ons explicit authority to make loans on large scale properties that are subject to special regulation by the tha federal housing administrator 7 remove the july 1 1939 limitation on the permitted to be outstanding in mortgages with congress eventually limiting the insurance of mortgages prior to the beginning of construction of individual projects 8 permit ansur insurance once for repair and modernization loans as provided previous to april I 1 of this year when this provision of the housing act expired civil service plan hit p RESIDENT ROOSEVEL TS proposal that a single administrator be substituted for the three man civil service executive board was severely criticized by the brookings institution as tending to invite en croach ment of politics rather tha than to repel it the institution report drafted by lewis meriam questioned the feasibility of the plan and doubt doubted ed whether it would achieve the presidents purpose of taking the civil service commission out of politics poli ticks religious and political affiliations would present difficulties in selection of a single administrator the report pointed out adding that the proposed plan would represent too much centralization of power in an individual 1 for corporation control S of wyoming and borah of idaho introduced a new federal licensing bill tor for all corporations engaged in interstate ter state com commerce merce it is designed by its authors and other senate liberals as i an answer to the administrations demand for revision of the antitrust anti trust laws to curb monopolies the borah oma honey scheme is de dc signed not only to senator senat a eliminate donop holistic practices but Ala honey to Q abolish child labor prohibit discrimination against women employees guarantee collective bargaining serve as a basis for further legislation dictating the w wages and hours of labor and regulate the financial policies of corporations po rations the measure would require the immediate licensing of all corporations doing business in interstate commerce and would direct the federal trade commission to submit recommendations for a federal incorporation i acor po ration law under existing statutes corporations are created only by the states farmers grain corp quits A A resolution calling for dis solution of the far flung farm marketing agency agena Y the farmers national grain crain corpora corporation tion will wil I 1 be put up to stockholders at a special meeting next january 24 J 0 mcclintock vice president anjou announced C ed according to the proposal marketing M ar operations now conducted conduct dd b by y the national group would become the independent functions of the individual state grou groups Ps probably centered around the 11 regional offices of the association the federal government has furnished most of the money to finance the corporation activities over the last eight years and will be the principal loser through the dissolution of the corporation e helps anti red pact ITALY ITALY formally 1 recognized the government of Manchu kuo puppet state set up by japan a and nd tokyo was delighted it was that Manchu kuo would now expected join in the italian german cerman japanese pact against communism and its geographical location would make such aati achica of considerable importance bus strike settled pay for drivers but INCREASED no closed shop were NL ire main features of the agreement by wh which ich the six day strike of 1300 drivers of the greyhound bus line was brought to an end the strike had disrupted transportation in the northeastern section of the country and was accompanied compa nied by numerous incidents of violence the wage increase effective ne next at july 1 will be one fourth of a cent a mile and no minimum milage is guaranteed the union had demanded a flat rate of 55 cents a mile with a mile a day guarantee K snaring uncle sam T THAT HAT great britain is seeking pol lotical as well as economical advantages from the proposed trade pact with the united states was indicated in an address by y t the e earl of derby before the liverpool chamber of commerce of which he is president he told the chamber that america cannot keep out of european entanglements entangle ments and predicted that the trade pact would tighten the between the united states and great britain derbys speech followed one given by herschel V johnson american charge daf faires in london during duri which johnson warned indirectly that the americans would not permit the pact to have political strings it farm bill reported M MARVIN ARVIN JONES of texas chairman of the house agricultural committee submitted the houses farm bill together with a majority report defending the measure and calling for speedy enactment so that the rise of mounting crop surpluses which are depressing market prices may be offset the house bill is less drastic than the senate version but it was denounced vigorously in a minority report which declared it was unconstitutional unsound un ameri can likely to work to the detriment of american agriculture and threatening ning to dislocate foreign and domestic markets both house and senate bills it was predicted would be modified because of the presidents implied threat to veto the legislation unless it was put on a pay as you go basis he insisted the farm bill must not interfere with his plans to balance the budget 41 no time for tax revision 96 phere HERE is no use kidding the country said senator barkley majority leader of the senate as he gave out the sad news that it would be impossible to formulate and pass a tax revision bill in the brief time remaining to the extraordinary tr tra session of congress the senator had just been conferring with the president and his statement dashed the hopes of those who believe ailing sen barkley lar kley business mess is in dire need of such assistance as revision or repeal of the tax on undivided corporate surpluses and capital gains mr roosevelt had said he was in favor of tax revision as soon as congress was ready for it but such legislation must originate in the house and the subcommittee of the ways and means committee that has been studying the subject had not yet reported so it appeared almost certain that action must be postponed until the regular session which starts in januar january Y vinson to be judge PRESIDENT ROOSEVELT sent to the senate the nomination of representative fred M vinson of kentucky to rill fill a vacancy in the united states court of appeals for the district of columbia the post carries a salary of a year the same as paid a representative but the appointment is for life and carries retirement ti rement t privileges mr vinson who ha has s been an outstanding tax expert of the house is forty seven years old and serving his seventh term his home is ashland ky the president also nominated associate justice D lawrence groner of virginia to be chief justice of the court creating another vacancy croner will be succeeded by henry white edgerton Ed of new york whose nomination also went to the senate E small town spending A A automobiles UTO MOBILES more food and better clothing are the most urgent desires of small town families that was the implication presented in a matter of fact analysis of surveys of the spending habits of families in 46 villages in pennsylvania ohio michigan wisconsin illinois and iowa the study made by the bureau of home economics showed that when income increased among these cross section village families it was usually followed by a rapid rise in expenditures for food and clothes and even more marked jumps in the proportion of income spent on automobiles in income ranges from to 2499 food expense for wage earn ers families jumped fro from m an average of to an average of clothes from an average of 25 to an average of expense for the family car from an average of sia 14 to an average of |