Newspapers / The Charlotte Observer (Charlotte, … / Sept. 7, 1921, edition 1 / Page 1
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1 1 r NEW 16 PAGES TODAY A AREO 1 -XJHd NIGHT EDITION 1 AND EVENING CHRONICLE "GREATER CHARLOTTE'S HOME NEWSPAPER" MtH rHARtOTTE NEWS-Eatahltnh e n-n- THC KVEHIMO CHRONICLE-E.'.Wi, hVd. ' Snnda CHARLOTTE, N. C, WEDNESDAY EVENING, SEPTEMBER 7, 1921. THE CHARLOTTE TtEWS THE EVENING CHRONICLE &V'SS PRICE - FIVE CENTS, K . " . T5 n TT va w v I 1 : i I , 4 s i a ; fi k s . 1 1 a' a 1 J ; 1 1 irS tt 11 tra II H ia UUirtULU HA RATE WILL GIVE OTTY $86,000 Increase in Income De? manded hy Longer School Terms and Roads. RATE NOW 72 CENTS. Reduction in Assessment Made it Imperative to Raise Rate. Although the board of county com missionars, at its meeting Tuesday, voted an increase in the county tax rate from 4S cents to 72 cents on the $100 worth of property, the income of the, county will be increased only About $S6,000. The county had an income in 1920 of approximately $768,800 on the tax rate of 4S cents levied upon an as sessed valuation of $140,000,000. At a recent meeting of the board o: commissioners a 25 per cent reduc-i- was made in the assessment of rp.i; property which has brought the nr-Pf-ssaHe property of the whole county down to $11S,000,000. A levy of 72 rents against this valuation will give r'r.v county an income of $849,000. less collection charges. HOW MONEY WILL, GO. Even with this available increase of approximately $86,000 in the county's :r. crne. it is figured that the general -;.! n:y fund will be enriched to a very irr material extent. The commissioners rrv.;?t provide out of this $S0.000 addi ::cral income this year $40,000 for the retirement of bonds and in addition -- this an interest charge of $40,500 nv:st be met on outstanding bonds, vrich runs this total for bonds and in--rest up to $S0,500, leaving only out $5,000 more for the general treas ury than was available last year. The increase in the tax rate was --yarded by the commissioners as 'operative in view of the reduction r the assessed valuation of county perty. It has been generally re -cied that any deflation from the -urinal' revaluation of property in the s:a;e would be followed automatically .. an inflation in the tax rate if the -pective counties were to receive any hing like a normal income for the running expenses or their govern ing m-nts. APJithatnas peen tne case ::i this county. When the commis sirmers reduced the original revalu ation figure, of $140,000,000 down to 511 S. 000. 000, they were forced to raise the rate to such an extent that the countVs income would not be less ;'ran it was last year. As a matter of lact. it has been necessary for the commissioners to provide more reve nue, whether it was their will to do it or not, it is pointed out SCHOOLS GET MORE. Legislative enactments and the con stitutional amendments have provoked .in increase of 20 cents in the tax levy, the commissioners declare. This has --.me about by reason of the six months school term which has been tnade imperative, each county being a!'i!red to levy a sum sufficient to ".a in tain a school of such length, in-.1,3.-1 r. making a levy to pass over the State treasury so that the st.it might regulate the terms of oho. Is. Trie school levy in this county last e.r was 23 1-2; this year it is 30 Th road levy last year was 14 : this year it is 17 1-2. The county levied a four-cent tax Ht year for road purposes; this year the same tax is 1?. rents. Last year there was no levy to provide for the indigent sick and :v rcv.lars; this year, the legislature made it imperative for the coun-".:- to provide for such a fund and r;.i? tax will be two cents, complet ir.K rin increase in the aggregate tax ."vy for the county of 20 cents over v-at the aggregate was last year. It: addition to this increase, the 'mmissioners have raised the tax for .t'-h! funds from 6 cents last year r 10 cents this year, this completing increase of 24 cents which is the rr.-rr.pitr. raise in the levy as ordered v Thf- commissioners. KOADS A BIG FACTOR. Thus, it will be seen, according to 're commissioners that two causes for :-'-'tion ovr which they have no con ' rl namely, roads and education, m.-ike demands for the great part of 'he increase in the tax levy. The redaction in the revaluation -lien th commissioners have brought ' ' r ut affects largely the farmers of county and those citizens of the 1 hy vhose major holdings are in real estate. .Such taxables as stocks and "5Rds and all personal property do ri-t come within the scope of the ro--l-jced valuation, only real property -.r.g affected by the 25 per cent crase in assessment. This will ;rove a benefit to the farmers whose j oiiungs are so largely real property. V-.'r.ile th owners of stocks and bonda 1 -h pay taxs on their investments on :'e hasls of 100 per cent valuation, the 'ti-rs of real estate will pay on a of 75 per cent, thus throwing burden of the increase upon' the ''iOfrs of personal property. FAIR f Imi lotte and Vicinity: Generally fair !lfl Sliflltlv ro,l.r trtnirrlit ulll TlllirS- GeiiHo tinrtli tn, nt-thinsf- winds. ".rfh and South Carolina: Generally Tjir tonight and Thursday; slightly cool- " "nint. ATTEND Cotton Opens 200 Points f On First tfj New Orleans, Sept. termed by the tradr remarkable exhibit! ever made by cottr day when all month. .s nat was ' Jie most strength s given to- i the future market opened Sift a hio i.;ri,o.. s.. m,n.rst trades n the opening call. This was the full limit of fluctua tions allowed- under the rules of tne "on exchange. AH months Avero 200 points up, October rising ' 9 cents a Pound and May to .10, new high levels for 1k son and the highest prices in near ly a year. On the opening session last week, October traded as low as 15.30, which means that, since then, there has been a rise of 619 points, or almost exactly 31 a bale, on that month. The advance today was in sym pathy with one of the widest ad vances ever scored by the Liver pool market, but back of the rise m Liverpool was the fear of the consequences from the short crop being raised by the South this sea son. HEAVY REALIZING SALES. New York. Seiit. 7. Th cotton k market had another wild opening ' ana, on nrst prices, showed an advance of 130 to 172 points over last night's close, equal to about $7 to $9 a bale. The market was full of overnight buying orders at the start, partly based on an other sensational advance in Liver pool, but met heavy realizing sales by Wall Street, tie South and for eign houses. This pressure eventu ally weakened prices about 70 to 123 points from the top. At the highest level on the opening, dis tant deliveries crossed the 22-cent mark. Later in the day, selling orders increased ajid, during the last hour, the pressure became so great from all quarters that the market col lapsed and, in a short time, reached tlfe 200-point limit permitted for any one day, closing at bottom and and 12 to 18 points under last night. 22 1-2 CENTS AT GREENWOOD. Greenwood, S. C-, Sept. 7. Spot cotton on the Greenwood market was quoted today at 22 1-2 cents. 21 CENTS AT CHARLOTTE. Nine bales of cotton were sold in Charlotte Wednesday, the market opening at 21 cents a pound. 23 23 1-2 CENTS AT ANDERSON. Anderson, S. C, Sept. 7. The Anderson cotton market continues to lead the country. The ruling price today is 23 to 23 1-3 uents. GERMAN AGENTS AGAIN PLOTTING a , nT. A "!:?l'L- Chemical Interests. New York, Sept. 7 Francis P. Gar van former Allen Property Custodian now president of the Chemical Foun dation, speaking today at the interna and Canadian chemists, charged that German agents in America are "once1" J uc,I"ai nintfina- air,ct unriH, or of the Honduran army, has captured prosperity and against the health of our very children". He said the Ger- mnr. fKr0 rr,iv ntriwi PaH.in memhpr in rm?rc The German design, he said, is being nrr.Keeiiterl hv moles in darkness wStli mnro cnV.tlo i-ipinnonoco than mai. ket the intrigues of-von Bernstorff. Al bert and Schweitzer in the year before America entered the war. ' SAME OLD CROWD "The times are too tense with dan- ger for passive tactics," he. continued. "On one side we have the same old crowd of German agents masquerad- ing as good American citizens. On the other side we perceive American citi- zens supporting the German intrigues, in Congress we hear and stand aghast at the ignorant and malicious out- bursts of certain legislators, unmindful of their country's welfare. "Their voices are the voices of the elected Representatives and Senators in the American Congress, but the hands that manipulate them are the hands of the German dye trust, the most pow- erful monopoly ever formed by man, the Intoressen Gemeinschaft the 'I G'. "Did it not bring to your minds the lessons of the' war when you saw the importing Representatives of the Ger-! man ' I G' stand on the floor of the House of Representatives, flanked by 15 of the 17 congressmen who voted against the declaration of war, leading the cheering when the first great un successful test came as to whether Am erican chemists should be given a chance to catch up with their neglect of forty years and atone for it by lead ing this country throug the development of organic chemistry into the realms of lnfnn(!f(A naHnnol Inlllatrinl nrrtfrrpss'" DROUGHT IN STATE IS MORE EXTENDED Raleigh. Sept. 7 The drought con tinued through the past week, accom named bv the warmest, and most unfa vorable weather for growing crops, of tho season. Temperatures of 100 were recorded at a number of central and eastern stations, and the mean for the week was 10 degrees apove normal, which is very unusual for that length t this season of the year. Scat tered showers were insufficient to af anv material relief, and the irrmcrhf 15? nffectinar an increased area Late corn and other late crops are fir-,vo- nr withering and are needing rain In heretofore unaffected sections. A few counties in the extreme east, extreme south and west report generally able conditions, uooa progress ucm .nAt In murine tobaCCO. 1 1 l.v ... - - - -, j n , Conditions were unravoraDie ior lui- ton over an increased area under way anu new - sold as far north a Wake county Slow nrogress is being made in prepam.g ran sowing 6'"' ' ADE-IM-CAROLMAS EXPOSITION AT CHARLOTTE. SEPT. 12 IT nn 1 tin ivi I RSHING DENIES GOMPERS' CLMM i THATLABORWON Labor President Preceded General as Speaker at Celebration Dinner. AMERICANS WON WAR. Just as Citizens Instead of Organizations and Clubs Run Country. - 1 Washington, Sept. 7. General Persh- and Samuel Gompers had a tilt last night at a dinner given as the conclu sion of the exercises here celebrating LaFayette-Marne day. At least official Washington regards it as a clash over the question of whether labor won the war. Mr. Gcmpers had spoken on the afcer- dinner program and, while he made no claim that labor won the war. he did tcil ci" thf record of the American Fed eration of Labor during the war and declared that, previous to the entry cf the T nited Spates, its sympat 1 vvis with the cause of ihe Allies. General Pershing, however, apparent ly regarded Mr. Gompers' remarks os In claim trot labor: won the vu.r. Some of ti.os who berrd his remaiks quote him as having said substantially: CONSENSUS GOVERNS ! h poV.cics of this tJ. . an not dot .' n. r. l labcr unions or by any other organizations; but by the consensus of opinion of its patriotic citizens of whatever affiliations. "I want to say that every American is a patriot whether he belongs to some labor organization or is jusc an ordin arv citizen and tnat' it is not a ques tlon of labor unions, it isn't a question of any organization, it isn't a question of whethe we belong to tomoj associ tion or not- 'It. is a cut.stion of whether we are loyal oii izt. r.s cf the United States. 1 am, here tc sav to you tha; the mem bers of the inber unions wereti'T the only ones who won the war. It was the citvs .( is win inherited their patriot ism from Uieir orefathei who came I across n tbj Ma flower and helped de terrnine p.:u decid the indapendenee of America, as cll ; s those who have adop.ted American institutions a their own. It seems to be about tius-j for us to rise up and say that America shall be ruled and gownu.-d oy Amen-an citi zens and iut by organisations whjch have . their. ..own . selfish purposes to serve. The ine'dent. hewecver, did not de velop into a debate and ended w : i Gen eral Pershing's speech. I QUELLS REVOLUTION IN CENTRAL AMERICA Managua, Nicaragua. Sept. 7. Irompt and energetic action by the K5caraguan Government in sending 3.C00 well-equipped troops to the Hon duran frontier has completely quelled a revolutionary uprising there. The revolutionists had captured several fma" villages, but were forced to flee Ave generals 17 coloners. .36 captains 4 0 lieutenants and 1 208 soldjers. It is declared that, if the revolution had not been promptly suppressed, it wcud eventually have involved several udi A:nei icdn lepuuuts. 26TH INFANTRY WILL t p i -ir-n VTT?!!! A JLiHiAVHj VYxliOl VlXVUlINlA Charleston, W. Va., Sept. 7. The 26th infantry early today awaited spe cial trains to carry it back to Camp Dix, New Jersey, whence the troops came late last week for duty in the Logan-Boone county .district where dis turbed conditions obtained at that time. The chemical warfare service, which arrived with the 26th, expected to en train during the day for Edgewood Arsenal, New Jersey, its home station, Favorable reports continued to come in from the Spruce Fork Ridge region. They indicated that the operation of mines was being resumed .and that Federal troops were experiencing no difficulty maintaining order- Rnrirlnrs carried off Miss Tawncy Apple's furs last night, an bloodhounds traced 'em as fer as th' livery stable when t.hev became confused. Deputy Eta Al Moon . won . yisterday's . findin th' biggest stm. t prize fer ftndin e leather.cov du STATE COUNCIL SEEKS PLA SECUR1G FUNDS Will Need Money in October to Carry on Improve ment Work. FIGHT OVER ROADS. Many Disputes Before the Commission; Regular Time for Pardons. By JULE B. WARREN. Staff Correspondent of The Xewg. Raleigh, Sept. 7. The Council of State on Tuesday considered making additional loans for the work of the different departments of the State gov- eminent. The meeting on Tuesday morning at 11 O ClOCk Was the first that has been held since the governor moved to Asheville for the summer for there has been a sufficient amourit of money to run the different pro- grams of the State s construction work during the summer months. The gov- ernor, upon returning to Raleigh on Monday, held informal conferences with different members of the Council of State, but no action was taken on is built, namely the cost of manufac any of the matters discussed. turing in various European countries It was calculated tnat when the last money was borrowed by the Council of State early in the summer, that this would be sufficient to meet all de- mands until October. The highway commission and the different state in- stitutions have made a great deal of progress on tneir Duuamg programs since that time, and additional money will be needed yiring the month of October for the purpose of meeting payments tnat woum nave Deen made through tne sale ot bonds advertised by the treasurer several months ago. There are about eight million of these five per cent bonds still unsold, and the Council of State now has the right to borrow money and issue short term notes in order to secure a suffl- cient amount of ready cash to meet pajments due contractors. Raleigh bankers and some banjters from other cities in the State were called in to the conference with the Council of State on Tuesday. They advised with the council about the financial situation, and about prospec- tive loans. HIGHWAY COMMISSION. The highway commission in session in Raleigh, this week for consideration of the construction and maintenance work, has been forced to spend the major portion of its first session in considering aDDeals from the local enm missioners. There are road fights on All lllOill v jl 111C UUliLlCO. ClUU. a large number of them have sent dele gations to Raleigh for the purpose of presenting their views to the full com mission Large delegations came from Guilford county on a fight over the location of a road out of Greensboro. wnne anotner large delegation came of the eastern counties also have smaller, delegations here either asking for road work or asking that the location of certain roads be changed. EXPECT TAtPROVED TVT4RKFIT That there will be an improved mar- ket for bonds between now and the first Park mills Nos. 1 a.nd 3 and the John of the new year Is the opinion of many ston Manufacturing Company have a who have been studying the bond mar- ket, for it is expected that should the crops of the country bring a fair prica this fall, the prices ot securities will oe stimulated. vv nue not suggesting tnat ms aovice snouia oe taKen, or claiming that it is based on wider in- formation that is available to any cm; who wants to. study the bond mark ?t, Treasurer Ben Lacy is advising such counties, cities and towns as ask him about the prospects for Improvement, not to sell their bonds at too great a discount. i One city seeking his advice recently, for public improvements contemplated in the bond legislation that they were insisting on getting me money even u tne 6 per cent oonus naa to De soia as low as 93. Mr. Lacy advised again3t a sale at such a figure, declaring it would ne Detter ior me people to waiz a wnne longer j.ji- Liie unpi uvemeni ratner tnan pay bwu a. price ior .ne money. Towns which have waited all these years ror netter scnooi ouiinings and better streets can well afford to wait a few months longer in order to set a decent price ior tneir securities, in the opinion of many men who are interested in tne ounu marKei jus. at this time. Tivrwrt ipripf1; - - - - - The bond dealers in New York are generally of the opinion that the har (Continued on vgt nvt.) XvfJUIlilvIl oXXvXVXYVlUri "RF.TJF.VED RY RAIN Raleierh. Sent. i. borne relief from the drought and water shortage cond-- tions came last night in a rainfall cf more than half an inch. This fall will add considerably to the supply in the 1 - . , lake, and tnere is prouaoiy more wiuei available here now than there was two weeks aero. People are more optimis - tic and feel that tnere will now re pany opened last week with a full com nlpntv of rain to prevent an absolute i r Wr.riror fniinwin? an over- plenty of rain to prevent an failure of the water suppvy. WAR SEEMS TERMINATED. Canton. Aug. 5. The "war" between Kwangtung and Kwangsi has seeming- i,- ,.i,trt with thfi fall of Nan na Tniir -. Inst a month after the be ginning of hostilities when Lu Yum; foremost of the Southern mil ori0 his official exit from the nrovince which he had dominated for 10 veas " " ' THREE WORST OFFENDERS. Washington, Sept. 7. Half of the liauor seized by the government 'or violations of the prohibition laws is in three States New York, Pennsylvan a and Maryland-accordmg to internal 11, Commissioner Blair. 1 , : , ; No Tariff Legislation Will Be Enacted Before Next Year Republican Party is Finding That it Cannot Shut Out Imports at This Time if the Nation is to Prosper. By DAVID LAWRENCE. Staff Correspondent of The S(ws, Copyright, 1921, by Sews Publishing Co. Washington, Sept. 7 The death knell of tariff legislation this year has been scunded. President Harding still ex presses the hope that congress may pass a tariff measure this year but the true state of administration opin ion abput what will happen is express ed by Will Hays, Postmaster General, who after a long conference at the . -liu iTT .; . , WhiteHouse the other day prepared a speecn ror aenvery in leveianu wmcu has just been released and contains ; this significant prediction: "Referring to one phase .of the activ ity at Washington, peculiarly economic the tariff. To thoughtful men there must be approval of a certain hesita- or,ri tn t nQ1,tir,,iB and Q rtr.;; rt v.G cr0.fr,nt0i in t; consideration of this subject. If I were to attempt to express a summing up of tho nrATit ctato nf mind nf ennreqa and thoughtful men about the tariff it wouid 8eem to me that it amounts to a feeling that the present year is not a. erood one in which to write a ner- rnanent tariff bill to last for many years to come. Conditions throughout the world are too phaotic to be able to foretell exactly what is needed. The verv basic conditions on which a tariff and relation to our owi cost of manu facture and the value of the currency of the various European countries with relation to the value of our own currency is at the present moment as fluctuating as quick sand and as un forseeable in the future as the weather a denendahlo tariff hunt un on such a foundation is difficult, of course. It has been thousrht bv manv that we could overcome these handicaps by a device which we called American valu ation, and wich provided that all customs duties should be estimated upon the value of goods at the time when they arrive in the United States and in terms of American money, Looking carefully into this, it has been thought' that this device might not overcome the handicap and further njight have a boomerang effect on our own interests. The end of it has been that we have appropriated $100,- 000 to investigate this device and other wise determine what might be done to help us toward Avriting a permanent tariff. These conditions of fluctuation and instability which make the writing CHAD WICK MILL HAS OPENED UP Fllll PnTTIDlPTTlPnt. Of Work- ers Report for Duty at This Plant. The Chadwick mill at Hoskins was I open this morning with a full force of workers following the resumption of operations yesterday afternoon. This leaves only the Calvine closed of the eight Charlotte mills which suspended operations because of the textile strike. The number of people still on striKe nere win noi exceed ouu. The Hoskins. Chadwick. Highland full force at work. The Louise mill has only one department which is nt running, and the Mecklenburg mill will have a complete force by the last of the week. The strike ox textile employes in Charlotte is virtually ended, and on'v a few stragglers are yet to take the places in the mills. The reopening of the Calvine mill will bring back a mi- jority of the remaining strikers. E. C. Dwelle. of the Chadwick Hoskins Com pa'ny, which controls this plant, said no nlans have been formulated for re suming there.' -t J- iu vimivo. Tn returning to work the onerativas have accepted the conditions as lai.t down hv the mill owners, and aDO i nation for work has been made in- dividunllv and not as an organized ,rrmr. It was understood the same wage' basis as existed when the strike Was called June 1 Is in effect in all tne locai plants. A few operatives, who are charred with beiner chiefly in etrumental in the creation of differ- ences between employers and employe?, ,avP ,int been taken back into local mins and they will not be, officials sai(j. News this morning- from Concovd was to the effect that, although work- i , , . -. . j i prs ianea to return lu wui tv jcoici a.ij mornine. all will be in the mills again oy next week. Continued increases in the number of people at worK was re norted from Concord mills. Th chadwick re-onened yesterday afternoon with only a few operatives ni-iannH this mnrninir those who remain A voatarAav went to work. The I TW. WtJJ, T J ' ' ' Hoskins mill, adjoining the Chadwick pant was opened several days ago and a graLuai return of workers roUght brought ' the organization to f strenirth yesterday Highland Park Mills Nos. 1 and 3 l tV0 Tr.vir.atnn Manufarturinir Com- piciiin w ,, ... . , . . c whelming vote by operatives in favor of returning to their jobs under con ditions which existed when the strike ! M Qllor1 ,vnKK5 VTf3IIT jvy W OKK55 JN1U111 J-W.1. - The Mecklenburg mill is working - night and day shifts, although the or - sranization is not at full strength. M r. Jackson, president of the mill, said both shifts of workers would be oorn- Plete by Saturday. All of his employes have not returned to the city as yel; many of them went elsewhere while the strike was in progress to work :n other millsT These people are now serving their notices in other plaits and will be back at work here about - (Continued on Page Fifteen.) o a permanent tariff so difficult at the moment may in some measure be re lieved after the disarmament confer ence has taken place and we have accomplished steps which the President has in mind for the adjustment of our international relations." If Will Hays were simply the usual cabinet philosopher his utterances might not carry much significance as they do, but he was chairman of the i JtiepuDiican national committee ana Uanaged the last 'presidential campaign Republican national committee and durjn, which tl hnno for a tariff were eXT,Ppsspd bv. maT1,r only to be offset by vigorous opposition from New York bankers and business men who believed that America should not as a creditor nation erect a tar iff wall which would prepent ships from carrying return cargoes. The truth is the administration has discovered that the export trade of the United States is not an insignificant factor in a bus iness revival and that ways and means must be found not only to finance but to stimulate imports. To those who have contended that with the improve ment in international exchange and the rise in the purchasing power of Eu rope, American producers would again enjoy the world trade they have been having In the last few years, the tariff has seemed like an anachronism. Tho United States Chamber of Commerce has on many an occasion pointed out this difficulty. MEANING OF SPEECH The meaning of Will Hays' speech therefore is simply that the adminis tration will eventually write a per manent tariff bill to protect industries that need protection but it will not commit itself to a blanket policy of protection that will keep- out imports. It will try to write a tariff that will encourage imports that ought to be en couraged and discourage the kind that will ruin American industry. It's more than a job than was first reckoned on and will not be disposed of as hastily as was the emergency tariff. The chances are that the disarmament con ference which the Postmaster-General says may be a factor in the problem will not be concluded until the early part of next year. The American people can hardly expect a permanent tariff bill before 1922. There may be those who hope the job may be finished but Will Hays told the inside story of the situation the men who know tariff in the Harding administration are coun selling caution and delay. BRITISH CABINET ANSWERSVALERA Unanimously Approved Re ply Sent by Courier to Irish Officials. Inverness, Scotland, Sept. 7. (By the Associated Press) The British Cabinet at its meeting here today, unanimous ly approved the reply of the Govern ment to the last note from Eamonn dt Valera, the Irish republican leader, The reply was handed to Robert C Bartoni the Sinn Fein courier, who started for Dublin at 4 o'clock this af ternoon with it. Prime Minister Lloyd-George sent a courier to Moy Hall, near here, where King George is staying to acquaint the King with the Cabinet's decision which will be made public Thursdiy i night. A committee of the Cabinet, with tu 1 powers to deal with. Mr. de Valer s answer to the communication sent thlr afternoon and with the Irish situation generally, was appointed. Another committee was appointed to deal wit' unemployment. EXCITEMENT INTENSE. Excitement in Inverness over ih meeting was intense. Crowds packed the streets of the "capital of the Highlands" to catch a glimpse of the Cabinet members, while men and wo men climbed on roofs, some of the more venturesome even clinging to chimnv stacks. The sauare in front of the town ha'l was packed long before the minist began to arrive, but the crowd was quiet. It merely wished a glimpse of the participants in this first meeting of the Cabinet in Inverness in mote thanwo centuries. Mr. Lloyd-George was given an ovation when he ar rived . The council chamber where th meeting was held is one of the show spots of Scotland. The ministers wro grouped about a huge horseshoe taole opposite stained glass windows contain ing the heads of the premiers ot tn Victorian era Disraeli, Gladstone, antf Salisbury and Roseberry all whom in their time struggled with the Insl question. TO ADVANCE MILLION TO COTTON GROWERS Washington, Sept. 7. An agreemen to advance $1,200,000 to a cotton grow ers' association in Arizona for the pu pose of financing the domestic sale o cotton was announced today by th War Finance Cor pc ration. The corporation also announced tha it had agreed to -make a further a 1 vance of $150,000 to a co-operative as sociation in California for the purpose of assisting in financing the exporta tion of canned fruits. TOBACCO BARN AND CONTENTS BURNED Mount Airy, Sept. 7. Tom Ashburn who lives near town, had the misfor tune to lose a tobacco barn and its con tents by fire. The tobacco was cunn nicely when the barn caught fire and was completely destroyed. ine loss tarn, tobacco at d flues, was at least $1,000. Tl e totaco would have easily brought $600. ' SENATE IS READY TO REDRAFT THE HOUSE TAX BILL Preliminary Consideration Will be Concluded Thurs day, it is Hoped. ;; EXCESS PROFITS TAX Growing Sentiment to Make; Repeal of This Section Retroactive. Washington, Sept. 7 Majority memV bers of the Senate finance committea hoped to complete today preliminary consideration of the House tax bill and, to get under way the actual drafting of a new measure after hearing Secre tary Mellon tomorrow. It is understood, the Treasury Secretary will suggest re troactive repeal of the excess profits tax, for which there is said to be grow ing sentiment in the committee despite the action of House Republicans in vot ing to postpone the effective date until next January 1. Treasury experts are assisting the Senate committee in its study of the House measure and have prepared for the committee's information tables show ing the estimated amounts of revenues to be derived from the various sources under the House bill in the calendar years of 1922 and 1923, as compared with amounts that would probably be realized under the present law. For 1922, the return under the House bill is estimated at $2,960,490,000 as against $3,390,000,000 under the act of 1918. while in 1923 the total would be $2,644,370,000 compared with $3,459, 000,000 under the existing statute. In, 1922, the corporation income and ex cess profits tax is estimated at $850, 000,000, the same as under the present law, but in 1923 this would be reduced to $560,000,000 through hepeal of the profits tax. EXPECTED REDUCTIONS Individual income tax returns would fall off $70,000,000 to $830,000,000 in 1922, through increased exemptions to heads of families, while in 1923 the total would be cut $150,000,000 to $750, 000.000 as a result of repeal of the high er income surtax brackets. Collections of back taxes next year would be $300,- 000,000 under these estimates and $340, 000,000 in 1925. The House bill would cut miscellan eous taxes from $1,340,000,000 under the present law to $980,490,000 in 1912. The changes include.: Repeal of the transportation taxes, 262,000,000. Repeal of 'the insurance premium taxes, $19,000,000. Reduction in cereal beverage taxes rom $19,000,000 to $18,000,000. Reduction in the tax on soft drinks. fruit juices, syrups, etc., from $41,000-, 000 to $12,000,000. Reduction in the levy on sporting goods from $4,000,000 to $1,000,000. Reduction in the tax on candy from $22,000,000 to $14,000,000. Reduction of the tax on fur articles from $9,200,000 to $4,690,000. Repeal of the tax on toilet soaps. etc., $2,100,000. Reduction in the ta xon luxuries from $20,000,000 to $5,000,000. Repeal of the levies on perfumery. cosmetics, proprietary medicines, etc-, $t,uuu,uuu. DISCUSSION AGAIN IS POSTPONED BYLEAGUE Geneva, Sept. 7. (By the Associated Press) The assembly of the League of Nations at its session this morning postponed again discussion of the re quest of Bolivia that the long-disputed question of the provinces of Tacna and Arica, now under the administration of Chile, be placed on the agenda of tha assembly. The discussion was put over until a later date on the sugges tion of the new president of the as sembly, H. A. Van Karnebeek, tha Dutch foreign minister. When today's session opened, Augus tin Edwards, head of the Chilean dele gation, took the floor and declared that the request of Bolivia ought to be re jected without debate. In an ardent, eloquent speech, Senor Edwards de fined Chile's position as uncompromis ing on this question. He recalled that the President of Bolivia had declarsrl he would respect the treaty of 1904 be tween Chile and Bolivia, revision of which Bolivia has asked the assembly to take under consideration. MEMORIAL SERVICES FOR AMERICAN DEAD London, Sept. 7. Memorial services for the" victims of the ZR-2 disaster were held in Westminster Abbey today, that venerable edifice being crowded to its utmost capacity. Bishop Ryle, dean of Westminster, officiated. King George was represented by Sir Hugh Trench ard, British air marshal; Queen Mary was represented by Colonel Sir A. Davidson, and the Duke of York by Wing Commander Louis Greig. George Harvey, American Ambassa dor to Great Britain; Robert P. Skin ner, United States Consul General in this city; Vice Admiral Albert P. Nib lack, in command of American naval forces in European waters; Rear Ad miral Nathan C. Twining and United States military and naval attaches and members of the American embassy staff, were present. The United States navy was further represented by de tachments from the Howden airship br.se and the battleship Utah. CAPITALIZATION INCREASED. Columbus. O., Sept. 7. The National Cash Register Compnay of Dayton to day increased its capitalization from $15,000,000 to $30,000,000: The increase was made in the company's second pre ferred stock, which was increased from $5,000,000 to $20,000,000. The fee paid the state government In the transac tion was $15,000. 29
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 7, 1921, edition 1
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