Stormy Voyage Ahead j
For Mellon Tax Bill |
Unless liepiihlicaiis (".an Agree on Compromise at 35 Per
Ont Reduction on Surtax Kates Democrats
May Pas* Their Own Measure
Ily DAVID LAWRENCE
Copyright. 1924. hy Tht Atvmcf
Washington, Feb. 16. ? The tax bill which has had a stormy
progress through the ways and means committee of the House,
and which was reported favorably out of courtesy to Secretary
Mellon so that he might have a record voted on the 25 per cent
surtax rate, now faces a more perilous situation.
Republican leaders like Rep
resentative Longworth who
from the lirst saw the necessity
of a compromise have done all
they could to keep faith with
the administration but they
realize now that, unless a com
promise is made at 35 per cent
on the hitch surtax rates, not
only will there be no chance at
all for the 25 per cent rate rec
ommended by Mr. Mellon but
there is a likelihood the Demo
cratic plan of 44 per cent will
prevail.
Republican loaders wanted to re
port the bill oul of committee with
a 35 per cent surtax, but the admin
istration begged them to stand pat
and give the bill a chance before the
full membership of the House. Ac
cordingly men like Chairman Green
who do not favor the 25 per cent
surtax rate voted to report the bill
to the House but gave notice they
could nofe support the same rates on
the final vote. The administration
felt that 110 compromising should be
done at least until both houses had
passed the measure and .It was up
in conference.
__ But the parliamentary situation
is such that the Republican leaders
cannot get the House to pass a 25
per cent Burtax and they are not
altogether sure they can put over
35 per cent. It all depends on !
whether any Democratic support Is
forthcoming. The democrats met in
caucus two days ago and 164 of
them pledged themselves to stand
by the Garner plan of 4 4 per cent (
surtaxes. Thirty or more Democrats
were absent. The Republican lead-1
erB would need only a handful of
Democrats to put their program
through If they could only be surej
of their own ranks, but Insurgents, |
mostly from the West, are opposed ;
even to 35 per cent, and think the 1
Democratic plan a safer one from a I
political standpoint.
As amendments are voted on, the.
Republican leaders realize that they]
must in some way compel a vote on
the 35 per cent rate before there Is
an opportunity for the Democrats to
compel a coalition on 4 4 per cent. If
35 per cent should be beaten, there
is some chance of a Democratic com
promise at around 38 or 40 per cent.
The plan is to offer an amendment
for each per cent until that point
is reached where a majority of the
House will agree.
i The situation is almost unprece
dented. While there Is a good deal
of politics in it. party lines are be
ing broken right and left and the
? lineup is not between Republicans
1 and Democrats but between those
who think they would be favoring
the wealthy by too great a reduction
and those who think they are stim
ulating the business and industrial
prosperity of the country by reliev
ing capital of restrictions.
If the Republican leaders can get
a 35 per cent surtax rate through
the House, they will be lucky in
deed; and if the Senate sees the wis
dom of Secretary Mellon's arguments
the battle in conferencc between the
two houses would be for a compro
mise between 25 and 35 per cent.
There is going to be a compromise
in the end and much of the Jockey
ing being done now is for the pur
pose of attaining a maximum that is
not too far away from Mr. Mellon's
j 25 per cent.
j The Senate, on the other .hand,
may prove more radical than the
House. In any event the moves of j
the next week, in the House will [
have an important bearing on what j
Is Anally accomplished. Curiously ,
enough the main fight is on surtax
es,' as there seems to be little differ
ence of opinion on other features of
the bill. It is likely, however, that
the administration itself will be (
compelled to suggest changes in thej
other rates if the 4 4 per cent sur-j
tax is accepted, and the Democrats j
likewise will have to alter their,
schedule if their 4 4per cent rate ia(
not approved, for a tax bill is made .
up of a series of balances as be- j
tween various schedules and an al- j
teratlon in one rate makes necessary1
a change in other features of the'
plan. Making tax bills on the floor,
of the House is a new experience
for Congress.
Baptists Launch Campaign
For Greater Meredith Now
Raleigh, Feb. 18 ? Plans for thel
sale of the $750,000 bond Issue for]
the Greater Meredith College got
under way at two conferences held
during the past week, one in thin
city and one In Wilmington. At
the Raleigh conference the condi
tions and the needs of the present
Meredith College were discussed and
plans for the general management
of the sale throughout the State of
the bonds was planned. Rev. Lee
McB. White, who has been chosen
as th<? manager of the Meredith
Bond Commission, states that an in
tensive campaign of acquainting the
public with facts concerning the
school. Its needs, and the bonds
with their security will be conducted i
for about a month before the bonds |
are offered for sale.
Dr. Charles E. Brewer, president'
of Meredith College, In describing
the present condition of Meredith
College, contrasting it with the fu
ture Greater Meredith, the first unit)
of which Is to be built with thel
funds from the sale of this Issue of j
bonds, said that the full capacity i
of thr dormitory at Meredfth was
now 300 and that there was no|
chance for expansion on Its present!
site. The building of the new Mer-I
edith College on Its chosen site, 130
acres three quarters of a mile from
the city limits, he declared would
make possible the opening of tho|
collego In 1925 with a capacity of
600 students.
Dr. Brewer declared that hun-'
dreds of girls were turned away
from the college every year because
of the lack of room. It was ex
plained that It was for the purpose
of avoiding such action that the col
lege was offering bonds under gorod
security and at six per cent Interest
He expressed the belief that the
Hapttat people and the business men
of the State would consider the!
bonds a splendid offering.
According to A. Way land Cooke,!
a member of the Bond Commission,]
the Baptist State Conventon, held1
*ln (Jastonla. in December, passed a
resolution providing for the issu
ance of bonds to the extent of $750- i
000 for the purpose of enlarging
Meredith College. The bonds were'
to be sucured by all the property of
Meredith College, except the endow
ment funds.
Tht? Meredith Bond Commission
I which is composed of Gilbert T.
| Stephenson. J. M. Broughton, C.
j Durham, Mrs. J. \V. Bunn, and
A. Wayland Cooke, have made ar
! rangements with the Wachovia
- Bank and Trust Company, to act
as trusted for the college bonds, it
was stated.
J The property which is given as
t security for the bonds is entirely
free of encumbrances and is owned
entirely by Meredith College, it was
stated by W. N. Jones, attorney for
the board erf trustees.
The property given as security is
also said to be valued at more than
a million dollars. It is placed as a
first mortgage loan and is aug
mented by the good faith and good
will of the Baptist State Convention
, of iXorth Carolina, it was explained.
I The bonds bear interest at the
rate of six per cent payable annually
and are issued in denominations of
i 60, 100, 500. and 1,000 dollars
each. They are in coupon form
and may be registered as per prin
cipal only. They mature at the
rate of $50,000 annually.
At the meeting in Wilmington it
was decided to await the beginning
of Meredith Bond Week, before it
i was attempted to sell any of the
bonds. Meredith Bond Week will
be March 16 to 24. A committee
was appointed to represent the Bap
jtist Churches in the city and the
surroun'ding communities in the
sale of the bonds. i
Conferences will be held through
out the State, at which speakers
will tell orf the bond issue and ex
plain its purpose and details. The
cities and dates on which the con-i
ferences will be held are as follows:
Lumberton, Sunday. 17, speakers, i
Dr. Paul A. Bagby, Dr. Charles E. j
Brewer. Stephen Mrlntyr*, T>r. Lftfi
McB. White.
Charlotte. February 18, Dr.
Charles E. Brewer, Gilbert T. Ste- 1
phenson, Dr. Lee Wbite. ]
Shelby. February 19. Her. A. C.
Moore, Dr. Charles Brewer, J. M.|
Broughton. Dr. Lee White.
Hickory. February 20. Dr. R. J.
Bateman. Dr. Charles Brewer. Gil
bert T. Stephenson. Dr. Lee White.
Elizabeth City. February 24. Dr.
W. L. Poteat. Dr. Charles Brewer, ?
J. M. BrouKhton. Dr. Lee White. j
Greensboro. February 26, Dr.
Jester.
Winston Salem, February 27, Dr.
J. C. Turner.
Asheville, February 28, Dr. A.
Paul Bagby.
Salisbury, February 29, Dr. R. J.
Bateman.
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I^mon Jumble*,
Zu Zu,
Animal*,
Macaroon Snap*,
OyitfrrttM,
Chm? Tid Bit*,
Unccda Biscuit,
Per pk*. 5c
TODAY'S BARGAINS IN
USED CARS
BUICK ? 1920, 6 cylinder, 5
passenger Touring
Car with winter top
anil Kellv Tire?.
S525.0Q. j
BUICK ? 17-22 Roadsters, 6
cylinder, Lcc Punc
ture Proof Tires.
S200.00.
FORI) ? Truck, with call and
body. S210.
FORD ? COUPES, S225 up.
Terms if Desired.
KEMEMKER ? Every car you see on |
the road Is a USED ('All.
AUTO & GAS ENGINE
WORKS, INC.
105 N. Water St.
I
Men ? Here's An Extra
Good Shirt Value
Men's White Oxweave Shirts, sizes 14 to 17 ? a very
good cloth and a well tailored shirt ?
Neckband Style, priced at $1.75
Collar Attached, priced at $2.00
Rucker & Sheely Co.
Elisabeth City's Best Store
THE UNIVERSAL CAR
Buy Your Ford Now
WITH spring almost here thousands of families, antid- *
pating the demand that is certain to exist for Ford Cars
and Trucks are placing their orders for immediate delivery.
Sales now are far ahead of sales at this time last year.
Advance orders calling for delivery under the Ford Weekly
Purchase Plan have already reached a total of 255.758
Cars and Trucks.
The prospect of securing prompt delivery is daily becom
ing more uncertain. We cannot urge too strongly, there
fere, the necessity for placing your order immediately, il
you are planning to drive a Ford Car this spring.
See the nearest Authorized Ford Dealer
Detroit, Michigan
It to not niuamry ? wy for your car In full In order
to arcurc dalivary. You can f*t on the ptatoiitd b*
for early debvevy by making a small payment down.
Or, if you wtah, you can arrant* lor daliv?ry undar
the Itrni of the Ford Weakly Purchase Plan.
New Spring Fashions
*
Our buyers are in New York and are sending @
out lots of new things this week for Spring. ^
We are showing a large assortment of women's
and misses' coats and suits. They are all the new ?
models anil colorings suggestive of spring time. ?
(.out* $15 to $49.50. Suits $30 up. ?
McCabe & Grice
Shopping Center Since 1890 5
EVERY WOMAN !
of this day and time la anxious to have their home beaut 1- ?{?
fully furnished.
Wo 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 QUOUV'S Stands for Quality ?
Try The Advance Shop For Job Printing