Newspapers / Henderson Daily Dispatch (Henderson, … / Jan. 14, 1938, edition 1 / Page 6
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PAGE SIX Season’s Largest Crowd Expected At Henderson-Epsom Games Keen Competition Exists B etween Highs And Epsom Visitors Rated As Strongest Teams to Appear Here A s Yet This Season With competition as keen as a razor’s edge, fans at tonight's double header at 7:30 o’clock between Hen derson and Epsom at the high school gvm are expected to be there in suf ficient numbers to shave all former attendance marks-of the season. Coaches Bing Miller and Bob Harri son have put the boys and girls through their paces, and expect them to give a good account of themselves. Epscm usually has about the strong est teams in this section, and this year's aggregations have been march ing through competition with a cer tain degree of regularity. Last year, Henderson and Epsom met on the iGcal court, and Hender son lads won the contest, but feeling leached a fever pitch among the spec tators. Athletic authorities plan to have the high school band on hand for the tests and there will be seats for rent at the gym. The local cagcrs have come along fast since the opening of the season, and the girls have not been defeated in three smarts, but the boys lost their first game to South Hill, Va. Tonight should produce some of the fastest basketball seen here in quite a while, and Coach Miller is hoping his toys will be aible to keep within sight of the strong Epsom five. June Ellington, former Middleiburg star, is now a member of the Epsom team, and he has been starring consist enfly with the Epsom five. He will be the bey to watch. Claude Dickerson is an outstanding guard of the Epsom team. Miss Wilson is one of the leaders on the girl’s aggregation. SAVE AT BILLER’S CLEARANCE SALE IT IS COMING Greatest Store-Wide Sale Thousands of Dollars Worth of Merchandise Must Be Sold. Sale Now Going On. Men’s Overalls 65c—Dress Oxfords $1.74 Rubber Boots sl.B4—Men’s Suits $6.88-‘Better Suits $10.67 $12.95, $14*55 Wolver ine Work Shoes $2.29 Work Pants 79c —White Goods, 56-in., Sheeting 7c Oil Cloth 15c—Ladies Pa jamas 4&c—Bleaching 8c Heavy LL Sheeting 10 yds for 68c—56-in. Print 7c Silk Dresses 97c—Ladies Coats ss.Bß—Spreads 59c Slipover and Goat Sweat ers 89c—Men’s Unions 58c 1?0O Other Items At Rock Bottom Prices Must Make Room for New and Better Quality Spring Stock. BILLER’S Leads Tar Heels lit H IB IH IP . pg||l .. HHP - 111 JOE MURNICK Captain Joe Murnick, of Charlotte, will lead North Carolina boxers into their scrap tonight in Chapel Hill against the leather throwers of The Citadel, Charleston, S. C. Os int erest here is the match of Johnny Hughes, son of Mr. and Mrs. J. M. Hughes, who will fight in the 115 pound class, opposing Sam Mc- Falls or Billy Winstead, of North Carolina. I£37 —State troops take over strike stricken Flint, Mich. State Depart ment warns Americans against serv ing in Spain. HENDERSON, (N. C.) DAILY DISPATCH FRIDAY, JANUARY 14; 1938 Federal Sales Tax Soon Inevitable, Babson Says tContinued from Page One/) still hearsay among per cent of the nation’s voters Broadening the tax base and cutting down on exemptions would have two important results: (a) It would make millions of citizens more directly concerned with public spending, (b) It would produce an ad ditional revenue of perhaps $500,000,- 000 per year. 2. Fare Down High Income Taxes- The last bracket on the income tax schedule takes 75 par cent of an indi vidual's earnings in that bracket. No one claims that a rich man needs a $1,000,000 annual income to live; but he does need much more than this to keep his business up-to-date. 1-Ie will not borrow money. He cannot sell stock. lienee, in most cases his only source of new capital is from his ow : income. After paying taxes, large em ployers do not have enough money left to keep their businesses running as they used to run, or to employ as many people as they formerly employ ed. The taxes on high incomes should be cut down. These same comments apply to estate and gift taxes. Cer tainly, provisions for payment of in heritance tariffs must be alccred.* 3. Reduce Capital Gains Assess ments: If the Federal Government’s big source of revenue is to be the in come tax, then incomes must be aid ed in every conceivable way. Hfence my opposition to big capital gains tolls. England has a problem similar to ours. But she bears down on the incomes and leaves capital gains alone Her theory seems logical: Encourage the individual to make investments, to start novel enterprises, to open new mines* so he will make more money; then he can pay an income tax year after-year. Assessing capital gains heavily is like killing the goose that lays the golden eggs. 4. E’J .inate rax-iuxempl: Securities: Under present tax schedules a wealthy man’s capital is shunted from busi ness into tax-free securities such as government, state, and municipal bonds. This is bad policy. It makes it difficult to secure new capital for bus mess enterprises. There are about $56,000,000,000 in non-taxable secuA ties outstanding today. Naturally, these cannot be taxed, but income from new public bond issues should be assessable. Besides forcing money into business channels, eliminating tax-exempts should also tap a steadily increasing source of new revenue for the Government. On the other hand, it would make public financing more difficult and more costly, and prices of public bonds more unstable. 5. Tax Government Employees: A mong the unfair angles of the tax muddle is the exemption of govern ment employees from the income tax. During the depression, the average public official had his pay cut only 10 per cent, while the average private citizen’s salary dropped as much as 50 per cent. Stability of income is ex emption enough fof* our vast army of public office-holders. By taxing them, not only would the Treasury pick up a good slice of new income, but it would, make another group—and one very much in need of it —more con scious of public expense. 6. Remove The Undistributed Pro fits Tax: Os all the legislation recent ly written, the undistributed profits tax is probably the worst. It is ill-ad vised, short-sighted, and contrary to our ideals of thrift. It threatens the stability of all industry. Although it would be a temporarily deflationary step, this tax should be wiped off the statutes. 7. Set Aside Social Security Funds: “Contributions” to Social Security are being tossed into the Federal kitty along with all other revenues. In re- the old age reserve fund is be ing given an I. O. U. by the Treasury The levy, therefore, is just an excise tax on all employers and an income tax on every employee. In my opinion the present handling of these funds is just short of public embezzlement. If workers are. to receive their old-age pensions in sound dalloras, these funds must be definitely earmarked and in vested in productive enterprises, which means in other securities than government bonds. 8. Clamp Down on Special Local Taxes: The sharp growth in state and city trade barriers is a dangerous ten dency. It means not only discrimina tory double assessments, but also the hindering of the normal*flow of na tional commerce. Today there is e growing feeling among states that they place imposts on goods “import ed” from another state. In effect, state tariffs are being erected Chain store, '‘use,” and special sales taxes, ports of entry, special truck licenses are encouraging the growth of evi, backward sectionalism. This must be stopped. _ Q 9. Lower Real Estate Taxes: The backbone of national prosperity is the building industry. Yet, real estate bears the burden of 70 per cent of our local taxes. Municipal tax rates a™ riqine all over the nation. Assessed valuations are almost universally too high. In spite of vast sums poured in to local coffers by Washington in the ’ast five years, few communities have made economies or taken up s ack. Real estate levies and high constme tion costs are choking building. Mu nicipal expenses must be cut so that both valuations and tax rates can be slftshcd* . 10 City Public Spending; Most lm .nortant of all, we need a courageous about-face in public fiscal policies. Current false-notions that the govern ment” has an unlimited reservoir of cash at its disposal must be banished. Remember, that “a dollar saved is a dollar earned”. Economy now is vital to our future. Public income must be boosted and public outgo must be scut tled, until all budgets are balanced Unless public spending is reduced, I do not see how we can avoid ultimate inflation. Readers will pote that I have recom mended only three tax increases. The problem of government agencies to day, however, is how to get more in come —not less. I believe that the above changes will so stimulate busi ness in the next few years, however that the national income will be great er and the resultant tax returns lar- NATS’ SHORTSTOP KEEPS IN SHAPE SIN - Cecil Travis . . . chops wood Although the baseball training season still is a month away, Cecil Travis, star shortstop of the Washington Nats, already is prepar ing for the long grind by chopping wood on his farm near Riverdale, Ga. Travis batted .344 last year. ger. Nevertheless, these proposals are simply necessary patchwork on a rag ged and badly-planned system. Our real need is to throw our present me thods into the ash-can and build anew. Among the bad features of our pre sent tax set-up is the high cost of collection. Some corporations pay taxes to as jnany as 7,000 separate pub lic agencies each year. Enormous ac counting staffs are necessary to han dle tax reports; tix advising has be come a major busihess. All this should be cut out. After -giving the subject much thought, I have come to the con clusion that a general federal sales tax is the inevitable solution. In my opinion, this, plus a limited real es tate tax and an altered income tax, is the soundest plan. We should have only three separate revenue taxes —all others should be abolished. Riots Occur In Michigan Strike Area (Continued from rage One.') ing counties, withdrew, leaving the scene quiet. Early today, several hours after de puties had repelled pickets with tear gas in answer to a barrage of scrap iron and stones, a truce was effected pending a peace parley today. The union accused the plant man agement of violating seniority rules in recalling about half the 709 employees Tuesday after a holiday shutdown. Sumner Lamkins, foundry owner, who agreed to a renewal of negotiations, denied the charge. Missiles were flung at 50 deputies at the plant, Deputy Sheriff H. F. Driskel, of East Detroit, said, and the officers retaliated with gas when the crowd threatened to rush them. Observers said the estimated 40C pickets induded a number of union ists from Flint, Pontiac and. Detroit. Many Judge Races Loom This Spring (Continued from Page One.) incapacitated for more than a year and his condition is not believed to be improved sufficiently for him to run again for office. No outright an nouncements have been made, but on the theory that every solicitor has judicial aspirations (and most of them at least, have) Herbert Leary, of Elizabeth City, may be considered a candidate and if Judge Small doesn’t run there certainly will he others. Second: Judge Walter J. Bone, of Nashville, sits on the bench by ap pointment of Governor Clyde R. Hoey and not through the voice of the peo ple. Itimous Valentine, Spring Hope, had aspirations even before Judge M. V. Barnhill was elevated to the Su preme bench and will oppose Judge Bone. He hasn’t yet filed, hut he has asked R. C. Maxwell, secretary of the election board, for an official blank. This should be a humdinger. Judge Bone was of the faction which elected Harold D. Cooley to Congress, and so was Valentine. The Spring Hope law yer has been an important and in fluential figure in “liberal” circles foj years and is generally credited with being among the state’s most astute campaigners. He managed P* l W. McDonald’s spectacular, and almost successful, campaign to u ™*eat the dominant Administration -ores in ‘“( Bone and Valentine get too stren uously embroiled, a so-called ' conser vative ’ might slip » ■* “g with the prize despite tne act tnat the district (Edgecombe, Martin Nash Washington and Wilson -s Predo-mn-- an £th n "Henry^Torady, Clin ton, has nounc " d s o t^ens en Whr S aw person of Henry U Stevens, Warsaw, cno-time National Commander of the American Legion. Grady, who was a Grand Kleagle or Cyclops, or some thing of the Ku Klux Klan, has just brought down on himself a roar of protest for placing Mrs. Sina Pope Godwin, of Harnett, on probation after her conviction for killing her husband The judge is rapidly backing-water, and has issued a “show cause” order which may result in the woman’s hav ing to serve the term to which she was sentenced; but Stevens is likely to make political hay out of the issue, though he says he was not influenced in any way in announcing. Duplin, WHAT A REAL JOY TO THE HOUSEWIFE All the week's wash back home and looking fine. Not one minute of worry or bother connected with the whole deal and the price for such excellent service was so reasonable. You, too, can enjoy this pleasure and next week is a good time to start. Phone Us To Get Your Bundle. Henderson Steam Laundry Phone 508. 'Lenior, Onslow, and Sampson com pose this district. Eighth: Judge E. H. Cranmer has announed his retirement and John Jay Burney, Wilmington solicitor, is al ready out for votes. Jay, as he is call ed has shown amazing political streng th in New Hanover, Pender, Bruns wick and Columbus which make up the district. There is talk of Isaac C. oright, a crackerjack lawyer but lof a Hi ABAC Hi fROM Quantity IIIIIIPiiIH to say ; - - ■■■■.-.■ .• © 1137 Wilson Distilling Co., Executive Offices, New York, N. Y. Blended Whiskey. 90 Proof. The straight whiskies in this product are 2 years or mere eld, 25% straight whiskay, 75% grain nautrai spirits. 10% straight whiskey 2 years eld. 35% straight whiskey 7 years old. a fanatic dry in a franatically Wes county, as his opponent. Burney i n walk over on the present .state of things. Tenth: Judge Marshall Spears has announced himself “out”. Solicitor Leo Carr, Luther Cartlon of person and Judge James R. Patton, Durham’ are regarded as likely aspirants. The district embraces Alamance, Durham Granville, Orange and Person.
Henderson Daily Dispatch (Henderson, N.C.)
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Jan. 14, 1938, edition 1
6
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