WEDNESDAY, DECEMBER 4. 1929
UNIVERSITY DAILY KANSAN, LAWRENCE, KANSAS
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PAGE THREE
Mellon Predicts Tax Rate Reduction for Incomes Again in '30
To Congress
Forecasts $226,000,000 Surplus
For Year In Report
To Congress
Washington, Dec. 4 — (UP) - Taxpayers of the nation received paychecks for 2015 from drew W. Mellon today that further reduction in income tax rates may be expected.
Transmitting to Congress his annual report for the fiscal year 1929, Mellon forecast a surplus of $230,000,000 for the current fiscal year ending June 30, 1936, and an excess of $125,000,000 for the fiscal year ending June 30, 1941.
Business conditions during the year were described by Mellon as "highly satisfactory"; based on indexes show changes in both production and distribution.
Industry Gains 10%
Volume of industrial production for both manufactures and minerals increased somewhat more than 10 percent added greatly by the automobile industry, and increased by increasing production 52 per cent. Mollen said. Building construction, however, declined by five per cent, partly due to high interest rates.
American's foreign trade approached
the $10,000,000 mark in 1920 with
success and growth. American's
imports totaling $420,000,000,
an increase of 10 per cent in exports
Outstanding financial events of the fiscal year reviewed by Mellon were the continuance of an active and rising stock market, declining bond prices, a change from bonds to stocks or vice versa, and relatively high interest rates.
Advocate Flexible Tax System
Tax reduction under a flexible system
would be established annually at the
close of each year by a joint resolution
of Congress on recommendation
advocated by Mellon in the report.
While wages, salaries, dividends, etc. also showed a substitutable increase, the real income returned a gain of approximately $22,000,000 in profit over the previous year.
Rather than make the taxpayer wait until payment of the tax cut comes, the government sets a system whereby the tax reduction applies only to income above $100 million.
Concluding his discussion of tax reduction, Mellon made a plea for future reductions in the corporation tax burden. He noted that the greatest numbers will be benefited.
Placing of all federal prohibition administrators and agents upon Civil Service as called for in the 1937 set, and the following: *Senior Secretary* Molton advised Congress.
"All agents now have specific instructions," Mellon said, "regarding the rights of citizens as guaranteed by law. We will ensure that the proper forms of securing search warrants and executing them, and the technique of making investigation of the larger government are followed in the proper form of writing a report."
Biganist Nabbed at Atar
Imbruck, Austria, Dec. 4—UP) (AS-
nex) A man was entering the door of a funeral church to marry the door of the third time before having elder buried or divorced his first two wives, he was arrested on suspicion of murder. He was many "lady friends" who know of his Don Jann career having denounced him to the police an hour after the wedding was to take place.
SOCIETY
Harold Null of Wichita is a guest at the Sigma Nu house today.
The Sigma Kappa mother's club will ieet Thursday at the home of Mrs. ,S. Sheeped.
Mrs. C. W. Eoff of Kansas City was in dinner guest at the Alpha Delta Pi house last evening.
David Unsted was a visitor at the sigma Nu house Monday and Tuesday.
Pit Beta Pi held their semi-annual election last night and elected the following officers: arsenus, James Edwards; vice-arceon, Richard Garland Hutchison; John O'Connell, Ralph White; Ralph White; historian, Ted Boster, and editor, Roy Woonthered.
Sigma, Phi Epsilon fraternity will five its annual Christmas party at the basier house Saturday night. Dec. 7, 10 from 1 to 5 p.m., sounded, M.E. I, L. Browne, and Mr. and Mrs. D.H. Dong, Hurley-Kaye's eight piece band from Kansas city, will furnish the music. Several members are expected to attend the narty.
"Ioland" was the subject of a talk given by Mrs. Lawson of that country at the meeting of the K. U. Dumoe with Mrs. Browne, Mr. Maureen, Mrs. Frank L. Brown, 1093 Vermont The hostess were Mrs. Monroe, Mrs. Ward and Mrs. Bostwick
Mr. and Mrs. Elmer Garrison, of Wichita, announce the engagement and approaching marriage of their son, Robert H. E., 12. Underhill, of Lawrences, son of Mr. and Mrs. H. E., Underbill, of Wichita, announce that wedding will take place Wednesday 10.
Miss Garrison attended Dana Hall Wellesley, Mass., before coming to the United States to spend two years. She is a member of Chi Gomega and Zeta Beta. Fai
Mr. Underhill was graduated from the University of Oklahoma, receiving his master's degree from the University of Kansas, where he has been a member of the economic factors board in the company and is a member of Pi Kappa Alpha and of Alma Kappa Psi, honorary business fraternity.
A announcement has been made of the engagement of Miss Jessie Belle Vanbeheer, daughter of Mr. and
Br-r-r-in the
And say—
When it's cold
why not eat at
THE CAFETERIA
It's bandy and the Food's Good
DICKINSON
THURSDAY - FRIDAY - SATURDAY
TONIGHT — Last Chance To See
THE GLEASONS in THE SHANNONS OF BROADWAY
And MOAN AND GROAN INC.—An Our Gang Comedy
Mars, Clarence H., VanDeveret of Kansas City, Kansas, to William H. Mott of Herrington. Dec. 21 has been set as the wedding date.
Miss VanDenver attended the University of Kansas where she was a member of the Gamma Phi Beta sorority. For the past three years she has been a teacher in the Lincoln High School of which Mr. Mott is principal.
Tau Nu Tau sorority had charge of the W. S. G. A. ten given this afternoon in the rest room of Administration building. Yellow and green were worn by most students. Those who assisted in pouring were Mrs. W, O. Nelson, Mrs. Erna Carey, Mrs. Clara Emerson, Mrs. F, P. Staleen, and Mrs. W, G. Churchill.
Announcements
--in the
Faculty Members and Employees:
The regular payroll is open for signatures and must be signed by the afternoon of Wednesday, Dec. 11.
All eligible men desiring to become candidates for the varsity track team should report at the east stadium Thursday afternoon between 3
At Cornell University the Smith clan outnumber all others on the campus. There are 52 students and 17 faculty members in the school.
Many Consult Advisers
Brutus Hamilton, track coach.
Freshmen and sophomores have insulted the advisers in regard to their teaching skills this year than ever before, according to P. K. Lawson, associate professor of education at U.C.
Send Your Suits Where You Send Your Laundry
SUITS CLEANED AND PRESSED
Lawson Pleased With Showing of New Students
Plate Dinner — 35 cents Hillside Pharmacy 9th & Indiana
75c
"We have taken more trouble to get the students to come in, and they have responded nicely," said Dean Lawson. "There are some few yet who were not on the usual. On the whole, however, we are well satisfied with the system. The advisers have worked hard and faithfully, and we find that those students who were in rather critical situations have begun to show improvement."
Denn Lawn expressed himself as being well pleased with the way the students have responded, and is satisfied that his still greater improvement next year.
Cuban Legislator Would Ban English Talkie Films
Havana—(UIP)—Patriotic motives, according to a statement of Representative Gabriel Ariza, have inspired him to propose a law prohibiting the exhibition in Cuba of English speaking movies. Ariza will present its proposed law at the annual congress of the house of representatives.
Lawrence Steam Laundry
1001 N. H.
Phone 383
The author of the bill states that the proposed legislature represents no outburst of Anglohobbin.
We clean everything you wear but your shoes
DENNISON
Party Shop
1103 Mass.
FOR DECORATIONS
Christmas Parties will soon be here. See
Lovely Gifts for Her
The latest designs in the most darling patterns, priced very low.
Don't forget our lovely dresses of the new styles. all priced at—
$15.00
19 W. 9th St. Phone 156
"Shop Early at Sharons"
Christmas
Gift Suggestion
Sharon'S
803 Massachusetts
Next door to Round Corner Drug Store
Powder - Sachets - Bath Salts - Magazine Racks -
Bridge Sets - Silhouette - Picture Frames -
Handkerchiefs
35c to $1.00
Mother and Dad Prefer Gifts for the Home
Come in and Choose Your Gifts Before
Why not help the pater over the difficulties of that Christmas fowl with a new Carving Set or let mother enjoy her waffle breakfast with the rest of you by means of an electric waffle iron.
Keep that little pest, brother or sister, out of mischief with one of our practical toys.
Yes, We Have Something for Everyone
You Go Home
NOW IS THE TIME
GREEN BROS.
633 Mass.
JACK KINCAID IS BACK
Christmas Masquerade
Number
OUT FRIDAY MORNING
25c