Newspapers / The Daily Advance (Elizabeth … / May 21, 1924, edition 1 / Page 3
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Plain America Can't Eat A Cake And Have It Toe Treasury Program of Ix>ppiii;: $100,000 from Tax Hill M ould he Si-I at Nought hy I'assiinj! of Hill-, Provid ing More Than That Sum New Appropriations By tt.Wlll I. WVKKNCK (C*?yn?M. 1024, B* Thi Ad>?nc?) Washington, May 20.?Congress having disposed finally ol" the principle that a honus is due the ex-service men of the World War, the next turn in the tide of events is to the economic sit uation which must result from such a policy. Will t:ix reduction he impel illed? Will liusiiicss generally bo affected? The ndininistration is not yet prepared to answer those (|UCstions, but if no more' appropriations are made the outlook will not be discouraging In other Words, tin* bonus is Just line of 11 numlx-r of things which the; administration has opposed in con-; motion with its drive for economy. Here is the outline of approximate costs: Uurstim pension hill .... $ 5S.OOO.OOO Postal bill I00.000.o00 McN'ary-Uatigen hill 20o.U00.000 Soldier lionus 1:55.000.000 Total $493,000,000 1 The whole program of tax revision has heeti predicated on the Idea of cutting a hunt $400,000,000 from the: tax hill of the American people. This, means a change of approximately j $h9:i.000.000 in all In the fiscal af fairs of the Government or nearly a billion dollars. It is obviously im possible to reduce taxes by $400,-' UOO.OOO and then turn around and spend about 11915.000.000. That is the answer in a nutshell to the ques-| Hon of whether the tax- program is, now in danger. And by just as much I is it the answer to the question of whether business will be affected. Indeed, if there is no tax reduction at all. there are those who feel that business conditions cannot be ad versely affected any .more than they have been under the prt?sent revenue act and that the tax proposals of the prevent year simply would have im proved tiie economic condition of tie1 countiy. The net effect on the bus iness situation would be to maintain ?the status quo without change in either direction unless a stimulus should come from a settlement of Kuropea.u.problems. This is the way the conservative element in the Washington Government looks at the situation. Hut the chances are that all of the $193,000,000 outline d above will not be spent. Already the liursun. hill has been killed by Presidential veto which was sustained by Con gress. The McXary-Hangen hill may suffer the same fate and there is a likelihood that the postal appropria-j tlons will not be as big as was cal culated at first. All this should per mit of some tax reduction in the end i hut not as hlg a sum as Secretary i Mellon estimated would he possible when he laid before the country his original proposals which did not con template a bonus or any of the other items mentioned in the table given above. Of the total sum which can be cut in taxes, it will matter considerably of course to taxpayers of small sized Incomes whether the larger part of the reduction is given to them or to the persons of larger Income. The contest on tax schedules hinges on the number of taxpnyera whose bills will be given the greater cut but the lump sum which can be cut from the entire tax bill has been definitely af fected by the passage of the soldier bonus hill. America can't have its cake and eat It. too? that's the feo ffment expressed by the Treasury r.s It struggles now with a revised tax program. It begins to look as If the tax bill of the country will not be cut by much more than half of what was originally estimated. Not only has Congress shown a tendency to depart from the budget hut the Inevitable expenditure for tlx- soldier bonus was not taken Into account when the tax hills were passed through both houses of Congress. When the tax hill emerges from conference It will have to stand the test of the nctuaries as to whether It will produce the needed revenues Including the soldier bonus. The estimates vary and It Is of course im possible at the moment to tell what For? llrlblilc Goods Only HONK 1 AlhcmarU' Pharmacy Southern Hotel llnlldltiK Afcet j/our friends at our Clean Soda Fountain. THE APOTHECARY SHOP PHONE 114 Standard Phamacy THEY WILL SEND IT. Major League Baseball NATIONAL I.KACil K Score* PittshurgJi ... 12 -- N??w York 3 Chicago 7 ? Philadelphia -..-4 All others rained out Stantliim of Teams. W. L. lVt. Cincinnati - - 1*> 11 .5*?3 New York 16 1*1 .552 Chieauo .....18 14 .5H3 Itrooklyn ?..... -.-.I 4 14 .500 Pittsburgh 14 15 .4811 Ilostnn _____ ? 13 15 .461 St. Lout* 11 1? .204 Philadelphia _ 10 14 .375 AMKHICAN LEAGli: All sanies rained out. Standing or Teams. \Y. L. Pet. I Now York 16 9 .640 Huston IS 10 .000 St. Louis 15 11 .577 Detroit 14 13 .518 {Washington 13 14 .481 i I Cleveland 12 13 .480 Chicago 12 13 .480, Philadelphia 8 18 .307 1 I FlINEKAL JUDGE CLARK Raleigh, May'21.?With the sim ple funeral rites of the Methodist I episcopal Church, Chief Justice Wal-i t- r Clark was laid to rest In Oak-! wood Cemetery yesterday afternoon. IIKAITIFCL liOTM ARB TO OB OFFKItKI) AT AUCTION' Beautiful lots in what Is known as I Westover.'ln the West Church street | kind of hill will come out of confer ence. Some of the serious and ex-1 treme cuts in taxes will no doubt be! abandoned and more attention will I be given to productive rather than vote getting taxes. Otherwise the | bill will be vetoed. Speaking of vetoes, the White! House is likely to send a veto to Con gress on the Immigration bill which, however, has not enough support to. I become a law over a veto In which | joaso a resolution extending the pres- j cut act for a year would be passed, i The President is not disturbed over! the way both houses of Congress! have thwarted his wishes in the bon-j us. He is learning something new. levefy day?and one thing he has! been taught by this experience is that the time to Influence Individual j Senators and Representatives is not after a veto message has been sent them but before they actually com l mIt themselves on the original vote for first passage. - FLOWERS ! v S for Kin* convey jour message better than words. ;i; Ryan Floral Shop l'HOXK (M2 V * *- ? ? ? ? I lecuon or the city are to be offered ' it auction here next Tuesday by the Atlantic Coast Kealty Company, one ?f the South s largest real estate roll* iTlis. J. M. Weeks of Elizabeth City and T. S White of Hertford are owners i?f the property and they have ?pt*nt considerable time In having it at tractively subdivided and developed. It is being graded 00 that each lot lies perfectly level. These lots are on the new hard surface State High way between Elizabeth City and Hertford. A representative of the Atlantic Coast Realty Company who is in the city stated today that this is some of the best property h?? has seen and ii* chances for future development are excellent. lie expects a lively fab*. i;i<;hty millions Sl'EN 1 FOlt KOADS linleiuh, May 21.?With the open ing of bids on 1*? projects totalling $2.5?>0.1 f>4.15. the Stat*- Highway Comiiiissiou completed its five year program of road construction duriuu which $ HO.000,000 lias been put into road improvement. rhis is Housecleaning Time and we have ihe BRUSHES, MOPS, OILS and POLISHES, to make it an easy job. If we can not sell you a Vacuum Cleaner we will rent you one (or $1.50 a day. =MELICK= TAKE THE BUMPS OUT OF THE ROUGHEST RQAD PRICES INSTALLED: Often far T>iie per Set Closed Car T)|ie jier Sel AUTO & GAS ENGINE WORKS, INC. KRLI AISLE FOKD SERVICE Phone 326 TOTAL DEATHS SEVEN "Raleigh, May 21.?The death of W. V. O Daniel. engineer, yesterday', afternoon brought the total number of deaths from the wreck at Apex last Sunday on the Seaboard Air Line railroad to seven. SHII' KEPUItT KltlDAY Raleigh, May 21.?The report of the State Ship and Wattr Transpor-j tation Committee will be made pub- ; lie at 3 o'clock Friday afternoon. POISON OAK To relieve itch and smart apply lightly ?do not rub in ? ViCKS ? VapoRub ?: VapoRub Ot 17 Million Jmrt Um+d Yparty TIIE SALMON CKEEK LINE , Will on May the 12th put in effect an additioril schedule between Wil lis Lauding and Avoca, IJertie Coun-J ty and Edenton, Chowan County, j North Carolina, for the purpose of connecting the two counties by tbo most direct and shortest route along' the proposed Coastal Highway In Eastern North Carolina. This route takes you through the town of Wllllamston, Martin County, over the new Roanoke River bridge and highway into Windsor and through the villages of Merry Hill, Willis Landing and Avoca. There you cross at the head of Albemarle J Sountf and up the beautiful Edentoa j Day to the terminal at the foot of i Rroad Street in the Historic town of Edenton. This connects you with th* Highway through the interesting and progressive town of Hertford and on to Elizabeth City, the busi ness center of Northeastern Nortn Carolina, thence to Norfolk, Virginia. You also connect at Edenton with the State Highway toward Suffolk, Virginia. We offer to the general public our up-to-date freight nnd passenger ser vice and accommodations for auto mobiles. Rates are as follows: Auto mobiles $2.50 to $4.00 one way: 2v per cent off for round trip within 24 hours. Passengers 35c each way. Schedule: Leave Willis Landing and Avoci at 7:00 A. M.. 10:30 A. M. au 1 4:30 P. M. Leave Edenton at 9:00 A. M., 2:30 P. M. and 6:30 P. M. Extra Trips Will Be Made Day or Night If Necessary. maylO-tf-np CURRITUCK | The report has been and is being circulated through Currituck that 1 ! am slated for Deputy Sheriff in the ?event of the election of Mr. Drum 1 sey. This is not true. I have no* I been promised this position, have not asked for it and would not have it (were it offered to me. J. J. EVANS, Grandy, N. C. ! ma.20-21-pd vvvvvvvwwWWW,<,W<^4nM,^<i<^W Stylish Wash Dresses Ladies'' Linen Dresses, corn, la vendor, grey, ('(>? //en, orange, white, brown and green, sizes 36 to 46 u-ith hahddrawn tcork $5.75 Ladies'' Fast Color Crepe Dresses, lavendar only. sizes 36 to 46 $5.75 Ladies' Cingham Dresses, a beautiful cloth, brown, lavendar and black checks, hand drawn or gandie collar, sizes 36 to 46 $2.95 Rucker & Sheely Co. Elizabeth City's Best Store WATCH FOR ANNOUNCEMENT OF THE GREATEST OPPORTUNITY Ever Offered Te Residents Of This Section DOUBLE PAGE AD TOMORROW CLOCKED HOSE 4 FOK MEN < | ill Colors and Combinations j | 75c to $1.00 1 WEEKS & SA WYER f "Where the Best Clothes Come From" .J. ALKRAMA Today LAST TIME JACKIE COOGAN in Long Live the King Also "TOKCHY'S HOLDUP" a Torchy Comedy Shows Stars 3, 6 and 9 P. M. ADMISSION: 10c and 30c | Capital Stock $250,000 a Member Federal Reserve HERTFORD COLUMBIA ELIZABETH CITT X Or. A. L. Pendleton. Pres. 3eo. R. Little, Cashier. Surncf P. Hood, Vlce-Pree. i?. C. Abbott, Vice-Pre*. | CAROLINA BANKING & TRUST COMPANY I FOR SALE , I CHEAP I Slightly used furniture almost as good as new, at HALF PRICE. On sale every day in the year. Come in and look our furniture over, wheth er you huy or not. We are life-savers to peo ple who want a lot of furniture and liaven't much money. The Auction Furniture Company $ 120-122 NORTH POINDKXTER STREET, Next to P. DcLon'g bicycle shop. ? E. L. SILVERTHORNE, Mgr. Itlil.NM vol'It IXKATIXd TO r.S AVI) HAVE IT DO.NK ICKJHT ?< Your old garments made like new. We make a specialty of repleating old garments. Any style accordion, fide or kilt pleat ing. One way or with a box or panel front. Box and combina tion pleats, good work and satisfaction guaranteed. We use the banner pleating mnchlncs, the world's best. L. W. SMITH 2 MOl'TH ltOAD BTIIEKT. Ilione 014 CAROLINA TRANSFER '* LOCAL AND LONG DISTANCE HAULING Phone 228-W. Day and Night Famo and Lebanon Belle Floor , loan of qaalttr nU ky U? teadtai nwi>wi< iij? A. F. TQXEY & COMPANY
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 21, 1924, edition 1
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