j ^WASHINGTON WHAT IS TAKING PLACE j BY ! ft Official Washington is viewing the progress of new tax legislation with more than usual interest. One reason is t-hat tax measures have become more than revenue raising bills ? they also have a yital influence on business trends, unemployment and through these ' ?> the purchasing power of all our people. Thus the lteveuue liill of J938 may have an important ef fect in bringing about a much needed upturn in business and in dustry, accompanied by more jobs, more buying and beMer farm prices. Why is this true? Obviously in- f vestment of ue^r capital means' stimulated business and industry.) with expansion of factories and stores. In turn, these things in crease the demand for labor and t.he ability of wage-earners to buy. For some time business . men, large and small, have contended that the undistributed profits tax and the capital gains tax have "frozen" capital and exercised a retarding effect on our whole business and industrial structure. Support of this contention is found in the fact that the Ways and Means Committee have great ly modified these levies and the House has defeat the proposed tax on "closely held" or family corporations. The House measure, which will undoubtedly be further changed in the Senate, eliminates from any undistributed profits tax all corporations with a net ; income of $25,000 or less. Some t?x authorities estimate that- this exemption al'fects about 175,000 of the some 200,000 cor porations in the country that make a taxable return. What) effect the new tax con cessions may have on business and industry and on 'merchants, wage-' earners and farmers is. of course, problematic. However, if the con tention that tax policies of the ad ministration rave retarded recov ery has any merit, then there is every reason to believe that re moval of these retarding factors should give new stimulus to every element of business and industry. Few states have a more vital in terest in the new tax legislation than North Carolina. Thus more equitable taxation should be of great benefit to the state as a whole, and should give new hope and encouragement to all citizens. There is another aspect of tax legislation causing much comment in Washington. It is the increasing difficulty of finding new sources of reveuue. During debate in the House, particularly when the pro posed levy on "closely-held" or family corporations was defeated, tax leaders frankly conceded that finding riew sources of revenue presents a real problem. To many, this indicates that Federal econo mies must1 come. Many members of Congress, like individuals in private life, are realizing that ex penditures can be no greater than income. This has always held true. Hope for a solution of this com plex nation problem can rest only with business and industry. More jobs and more wages seem the way out-. In turn, this means a bigger national income for our- people and a wider distribution of the cost of essential functions of gov ernment. -t4 As this column is written, the House is putting tie finishing touches on the new revenue bill, preparatory to sending it to the Senate. Hearings by the Senate ' Finance Committee will follow. Aftier this will come action in the. Senate, conferences to adjust House and Senate differences, and final passage of the tax bill. There , is general agreement that this measure is a key to stimulated; business and industrial activity ? if it fully meets the needs of the' day. A new industry for Rutherford County farmers will be growing hogs tor home us$ and market. A number of men here purchased ; pure bred breeding stock. Dont Neglect Tkem I yyyfoy* )o*. Thetr uufc !? u k?ep Um jw-SWTaSS ?7.7" S&SgSssl Kg ?*? fc MM ~L5"? --- ? tteJblM4 B ..?? tk> EBEttwus?: Doaks Pills This picture shows how t?he shock demolished a medicine cabi net in the home of Mrs. W. F. Beasley. Germany Takes A u s t r i a : Vienna March 13. Austria ( ceased to be a nation tonight unit , became part ot Adolf Hitler's tier man reich, extending from the North sea almost -Ui the '\diiat\c. The end ot the polft ical freedom ( of ancient Austria was achieved by two legal steps: First, President \V i ! helm Mik las resigned. He had opposed the nazification of his country. Then. Arthur Seysz-lnquart. the Ilitler-chosen chancellor. took charge of the government under ' constitutional authority provided for such emergency and announc-T ed decrees legislating Austria out of existence. ( Anschluss t union I of Austria to Germany was accomplished at- the : height of a great wave of nazi sen timent, vastly stimulated by Hit ler's presence on the soil of his native Austria. ? He spent the day at Linz. 10a - miles west 3f here, deferring i4te climax of his triumphal homecom-j, ing. his entry into Vienna. Near) Linz he visited the graves of his i ' parents. The death blow to Austrian in- 1 dependence was administered ill; the historic chancellery where the1 congress of Vienna was held in 1914-1915 and where in 1934 ! Engelbert Dollfttss. Mie little1 chancellor who fought nazidom., was assassinated. Sf?sion Is Tense. it was a prosaic but tense ses- I sion ot the Austrian government. ] Miklas stepped out at Seysz- i Inquart's demand. Then Seysz-ln quart took charge and it> was all over in a minute. The austi o-Germau border had been wiped out. Messages immediately went to Hitler at l-inz and to his ally. Pre mier Mussolini, in Rome. In a few minutes it became known in the streets, where de leriously happy nazis went wild. In the first excitement there i seemed to be no mourning for the ! QUALITY AND SERVICE \T -VERY LOW 1 COST ELECTEIC CHURN $15.00 G. E. BULBS 15c ' Fairbanks-Morse Water Pump, 225 gal per hr. $58.50 2 Used Washing Machines as Demonstrators CHEAP ( BATTERY RADIOS as low as ..... . ?12.50 ELECTRIC STOVE $59.50 1 Used 32 Volt PHILCO j RADIO CHEAP; ? " ! 2 Used AUTO RADIOS CHEAP Let us recharge your Radio Sat(?ry on the modern and complete Chargers in this county. No charge for cleaning or p*int ng your Battery. g We loan yo? Battery while re -harglng yours. RAYNOR'S Radio Shop LargM ami Moat Complete ?milMl Blare in 0 PraakUa Gouty PhoM UM LmUvi, N. C. ild Austria. A new day was being bailed by l united German people ? and the' world wondefed1 what next. ? Then the news was flashed to he ends of the earth. Statesmen! everywhere realized i liey were face to fate (*' it h an entirely new sit nation in Europe. To Hold Plebiscite Tlie absorption of Austria seem ed to be final and complete, but provision was amiounnd for some sort of plebiscite on April 10. The exact question to be put to the Austrian people was not known, but it was assumed they would be asked merely to approve un accomplished fact*. There seem ed no doubt the new nazi Austria would approve. Austria, it was made clear, will : be drawn immediately into the Herman economic structure and irticulated to Germany's four-year plan for economic self-sufficiency, j At I.inz where Hit|er and his| aides consulted it was announced ' Germany had adopted laws ? with the same provisions as Austrian constitutional laws ? making ef fective the union of the two states. A "second announcement said i Hitler had become chief of t'he n(er?ed Austro-Germau military forces and that Austrian soldiers immediately were to take aai oath | of loyalty to the reich and der fuehrer. Subscribe to the Franklin Times It Is Dangerous It is dangerous to sell a Kl'HSTl TUTE for ?()?! just to make three or four cents more. Customers are your best assets; lose them j ami yeu lose your business. IHMI Is north tim e or four times a" much as a SlUSTITl'TK, l-21-12t , 'FOR FIRST CLASS PRINTING PHOxxb. 288 ANNOUNCING ? AUTOMOBILE BODY AND GENERAL REPAIRS ' t? 1 We are glad to announce to automobile user* in Franklin and adjoining counties that we have add ed a body rebuilding department to our repair shop and are in position to make ANY REPAIRS to your automobile, any make, at reasonable costs. ' Ifcis new department will be in charge of A. E. Hassell, an expert body builder.. Bring your car to us be fore sacrificing it- in a trade or discarding it. We also :? - m.., Tka Standard Tudor .W?n ment that make it a still bigger bargain. With the thrifty 60-horsepower engine, the Standard Ford V-8 is priced espe cially low and gives the greatest ga9 mileage in Ford history. Hundreds of owners report averages of 22 to 27 miles a gallon ? or even more. Your pocketbook will approve of the _ Standard Ford in every way. And so will you when you drive it! ) THE STANDARD pQftJy y.g On Display at GRIFFIN - THARRINGTON MOTOR CO. < ? Authorized Ford Sales and Service Phone 286-6 ** Louisburg, N. C. \ FAT BACKS THICK .. ........ 10c THIN 5c LESFEDEZA SEED OATS CARDEN SEED ^ / SEED POTATOES Maine Grown Selected Irish Cobbler and Bliss HOT POINT ELECTRIC IRONS *5.00 Please give us a look before you purchase a COOK STOVE OR RANGE Our line is very complete and moderately priced. o SPIKE HARROWS DISC HARROWS STALK CUTTERS SUPPLYING THE FARM is our business and we now have a large stock of Hames, Collars, Backhands, Traces, Single trees, Doubletrees, Bridles, Lines, One-Horse Wagon Harness $5.00 up Single and Double Plows, Well Chain Buck ets and Wheels, Axes, Bush Hooks. Shovels 85c up. Forks, Hoes, Handles, Saws, Files, Mauls and Wedges, etc. Make No Mistake ? Use RELIANCE FERTILIZER Choice Ingredients, Scientifically Mixed ? Properly Balanced and in fine mechanical condition. Those who Rely on RELIANCE Grow Good Crops. IN THE LABORATORY AND IN THE FIELD RELIANCE IS "TOPS." SEABOARD STORE CO., INC. D. F. MoKTNNE, PraddMit ' Wholesale - Retail PAT CASH ud PAT LIS!