Newspapers / The Daily Advance (Elizabeth … / Feb. 27, 1924, edition 1 / Page 8
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New Revenue Bill Hardly Likely Pass Before Fall Congress Will Give Straight 25 Per Cent Cut on Tax Due March 15, 1921, But New Measure Prohahly Will Wail Till Fall Elections Are On l?y DAVID I.AWKKNfK (C??yri?ht. 1924. By Th? Washington, Feb. 26. ? Tax legislation so far as it affects in comes received during the year 1924 is likely to be postponed un-| til next autumn. The joint resolution providing for a reduction | in 1923 incomes, payable this year, will be passed much sooner, j Almost overnight the outlook for the passage of a comprehen sive revenue bill has changed. The coalition between the Demo crats and the insurgent Republicans lias resulted in the rraminu of a bill which, from the viewpoint of thti Treasury, will create a deficit and therefore must be vetoed. . I'nless the Senate rewrites the measures ? and that is not likely to happen un til after months or debate ? the chanced are tax revision will be the paramount issue before the people in the coming campaign. Everything from now on will be done with a view to political advantage in the battle at the polls. Instead of go ing to the country with a bill for which both Democrats and Republi cans could claim 'credit, the two par ties will blame one another and ask for support so that a new tax bill can be passed. The delay in re-enacting a new revenue law, of course, interferes considerably with the plans of busi ness concerns and individuals who are making their expenditures and Investments during the year 192 I, but inasmuch -as tax payments 011 ? *b4s- yea r's Income are not due-until March 1925, Congress is in no par ticular hurry about rushing a reve nue bill through. The tax payers of the country, however, will not be in a happy frame of mind if they cannot get some reduction when they pay taxes on their 1923 Income* and so both parties have promised a reduction. The first payment of 19 23 taxes Ik due next month and tax payers are being advised to pay their taxes for the year in quarterly installments so that when Congress does pass a Joint resolution or amendment to the revenue act giving a one-fourth re duction on 19 23 taxes, the taxpayer will be permitted to omit one of the quarterly Installments. If the Joint resolution Is passed before June 15, tax payers may choose to rtmlt the particular payment due on that date though regulations governing the rebate of taxes would necessarily have to be drawn up so jts not to affect the regular aivd^xpected flow of funds Into the Treasury. The nub of the situation Is that the reduction on 1923 Incomes Is going to be effective some time dur ing the present year but that Con gress will not finish consideration of the main revenue act until the No vember elections are at hand. There is always the possibility that Congress will at the last min ute pass the revenue act but the out look at the moment is against Its becoming a law because of the cer-j talnty of a presidential veto. The? i number of things inserted In the | pending bill objectionable to the ad-' ministration Is Increasing and where- | as a week ago some doubt existed 1 whether the chief executive would ' dare veto the measure, the word j from administration quarters is that j he will not hesitate to do so as the Democrats and Insurgent Republi cans have emasculated the original measure and made it unworkable, from the Treasury viewpoint. The brond ground that the pend ing bill will not produce enough rev enue to run the Government is con sidered sufficient by the administra tion to attack any bill and though the opposition may present figures tending to disprove that claim, the administration feels It will be sup ported by a preponderant opinion because of the controversy and doubt that will have been developed. Only a measure on which there Is no doubt and which is certain to produce the needed revenue will have the sanction of the administra tion. There are, of course, not enough votes In either house to pass the pending bill over the veto of the President so he will insist upon changes before afTlxIng his signature to tho measure put up to him. WASHINGTON GIRLS HERE FRIDAY NIGHT Friday night closes the basket ball season for the local high school girls when they will play the Wash ington five on the hmnecourt. Elizabeth City lost to Washington on tho Washington court last Sat urday night and they have been practicing every afternoon this week geting themselvefc'Th trim to break Washington's winning streak here Friday night. The game will start at 7.45 and It 1s hoped that a large crowd will turn out to witness the last high school basket ball game of the season. When Time Is Precious Give U$ 4 Ring. The Apothecary Shop Phone 400 Strolling Henry Robinson, bank president 5f Los Angeles, and member of the Allied Reparations Commission, Is ihown above taking a , stroll In Berlin. PITTSBURGSHAVE WANDERED WEST And Out in ('.ulifornia They Hope to Renew Their Youth ami Get Heady to Win the Pennant in the Full By JOHN B. FOSTER Copyright, 1924. fcy The Advance New York, Feb. 27 ? The Pitts ! burg team has wandered far away [from home to se??k training quarters at Paso Rabies, California. Here tofore the Plttsburgs have trained at Hot Springs, Arkansas, where they were held under a spigot while the water rushed down their throats and were forcibly detained in tubs where they parboiled. | Becoming convinced that parboiled j and steamed players cannot win a i championship for him Barney Drey I fuss has moved his team to the Paci l fie Coast where they are to train ! within the sight of many mountain | ranges and such damsels of the vi cinity as may be attracted to the I show. Ball players run arcrund In I the spring with their stockings hanging down Just as if they had ; just been awakened from a sound | sleep by a fire alarm and they are not as picturesque as they appear to be later in the year after slkling in the mud for fifteen feet wearing | their white flannels. If the femi nine surroundings are sufficiently alluring at the California resort to I which they aro to be taken this year I it is expected that the Pltsburgs will brace uj) in their haberdashery as well as In winning a champion ship. In fact the principal reason why this beautiful spot in California has been s?-l'?cted by the Pittsburgh owner for training quarters for 1024 Is the impression which has been forced upon him that the , climate of the coast is the greatest : invigorator for aged persons in the world, it has , been explulued to | him by Messrs McGraw and Moran, j neither of whom was born in the j same continental hurst as Dreyfuss. that he has been toting a lot of old* men around the country for the last three years and needs to brace ? them up with an elixir of some kind New ^ Stetson Hats For Spring Weeks & Sawyer Where the Be?t Clothes Come From PAY TRIBUTE TO FORMER CHIEF Senate and House Lay Attide Animosities and Hear Eul ogy of President Harding !>y Secretary Hughes. Washington. Feb. 27. ? The Sen jate and House today united to pay formal tribute to the memory of the late President Harding, lay aside all pending legislation and submerging their various animosities. Members of both houses met Joint ly in the presence of President Cool idge. his cabinet. Supreme Court judges, state governors, and foreign diplomatic representatives to hear the eulogy of his late chief by Sec retary Hughes. A section of the gallery was re served for Mrs. Harding and a group of her friends. I OK EST IT UK I INVADES CITY SANTA BAKBAKA Santa Barbara, Cal., Feb. 27. ? A forest lire at an early hour this morning had invaded the suburbs of the city, destroyed many residences and done heavy damage. if PJittsburgh is ever to win a flag again. ; Goats of various kinds abound in the vicinity of Paso Robles and it is the intention at Pittsburgh to pass all their native Allegheny and Monongahela goats on to the Cali fornia goats before they start east, thereby hoping to win a pennant and bring a world series to the birthplace^ of the Ohio River. MONUMENTS Lawson & Newton The Monument People Given on Work Bet Complete itionlloello Ave. at 11th St NORFOLK, VA. WOMAN PRISONER HAS BEEN CAPTURED Indianapolis, Feb. 27. ? Gladys El lis. woman prisoner who escaped yesterday from the Indiana woman's prison after killing a matron of the prison, was captured last night. FIA'E FIRE AT HOSPITAL A flue fire at the Community Hos pital called out the fire department Tuesday evening at 7.40 o'clock. The alarm was given from Box 722. There was no damage. OVERTHROWS INDIGESTION Instaftt Relief From Distress Found By Man From Atlanta, Ga. "I have suffeAl with indigestion for over three y?r.3." cays James T. richa.dson, 65 PulJiam St., Atlanta, Ga. "I have tried several doctors and their prescriptions failed to do me any good. ^ "I saw Munyon's Paw Paw adver tisement and I rr.adc up my mind to give it a trial. I got one bottle and after taking it I had instant relief. 1 can't praise it too highly. If any one thinks this is a fake letter, I will gladly tell him myself what it has done for me." Doesn't this earnest letter convince you Munyon's Paw Paw Tonic would banish similar trouble you have? Buy a 9l bottle at any good drug store today. "There's a Munyon Pill fot Every 111." Munyon's, Scranton, Pa. & Ml Better Than Pills for Liver Ills. You can't feel so good but what will make you feel better. STANDARD PHARMACY Ithe OLD HOME TOWN I BY STANLEY EVERETT TRUE, BY CONDO T>? yoo "D"RIV6 A CAR BPARlNa THe NOMBG& 131323? AN0 l*HGK*.Ye>U ,PAft|< W CAR'At I TH e COR B .Co You l_e AV ? A ?&<?. HOUND ON "THe. seat yo,C.uar.? .-The ootpmt *. [ ' ?BEOaoSff teST??O^Y, AS t *vxa?eD CCftVE TO YOOft CAQ.. THIS HOUND, tvrrH A feCOOt>-CUf?T>?-/MS BARK W41>? A Luuce AT MY FAC& AND FRIGHTENCD F've YC4fis OF (Jfc- OOT OP !t MV FlfiST lMPvx.se fc/AS To 'Bft.AlM HIM But on Sacoisj-D thought r ft6P<.e<Jrei> T^-r'-rviiS <ooe<2? su*Fe.e.s peoii a SHOftT/xae or Q<^AINS So I T>EC(D?0 -TO HUNT U?? THC. oujngr. IS ill ^ ( ?A* ? T^ZT ^ Those Five New Toilet Preparations of Parke, Davis & Company TOOTH PASTE, COI.D CREAM, VANISHING CREAM, ALMOND CREAM, SHAVING CREAM, Each 50c. Each as good, of its kind, as a toilet prep aration can lie made. The attractiveness of the beautiful purple and gold package impresses you at the start and the use of the contents makes you realize that here, again, the world famous chemists, Parke, Davis & Co., have given some thing to the world worth while. For a limited time, to introduce the preparations quick ly, we are allowed to give one package FREE with each purchase of any two of the preparations. Parke, Davis & Co. reimburse us for the trial package given you. (This is not a sample but a full 50c size package). Take advantage of this opportunity to test these splen did toilet preparations. .Sold with our personal recom mendation. The City Drug Store H. S. OVERMAN, Registered Phannacist Cor. Water & Matthews Sis. Phone 288. Elizabeth City, North Carolina. EVERY WOMAN of this day and time is anxious to have their home beauti fully furnished. We believe that we are best equipped to furnish the home from start to finish. That is why we ask you to come and see for yourself. Quinn Furniture Co. The "Q" in QUIXX'S Stands for Quality A Well - Known New York Banker Says: "The place of advertising in the present eco nomic system is thoroughly well established." Goodwill lias come to he a vital factor in the success of any business, and goodwill can only he created hy right and persistent adver tising. A manufacturer who advertises honestly the stability and quality of his goods sets for himself a standard of production. .He makes a treaty of fuith with the buying public which he must uphold at any cost. Frequently, for the purpose of promotion, the manufacturer needs financial assistance. The time is fast approaching when hankers, having carefully investigated the standing of a manufacturer desiring a loan, will ask this leading question: "What is his advertising appropriation?" Advance Want Ads Bring Results
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 27, 1924, edition 1
8
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