The watchman and southron. (Sumter, S.C.) 1881-1930, May 01, 1920, Image 6
LEVY
INDEMNITY
ctive Profits Tax to Be
on People to Pro
vide Bonus Fond for
Soldiers
?Washington. April 26?A retroac
tive tats on war profits has been de
finitely agreed upon by house Demo
crats and "insurgent" Republicans to
Tflrse funds for soldier relief legisla
tion. Representatives Rainey. Demo
crat, Illinois, and Johnson, Republi
can, South Dakota, in a statement is- j
stjed tonight announced that a bill \
would be introduced tomorrow provid- j
iiig for the* collection of the tax.
,*V"The plan of the Republican leaders;
has not been finally agreed upon but!
iC'is " said provision probably will bej
Ithe imposition of a 1 per cent tax on j
fiades. The battle upon financing sol-j
diers bonus-.legislation, scheduled to I
commence in the house May 0, prom-j
irfes' to hinge upon these two conflict-j
'Jug schemes for meeting'the expense!
involved. ? j
Under the bill to be submitted to- j
inorrow, an 80 per cent tax will be
levied on "individual and "corporation
incomes over and above~ the "pre-war
income" with an exemption of $20,000
for individuals arid $100,000 for corp- j
orations,
: ,-/'In case of an individual," the bill!
proposes, the term war profits" means
amount by which his,avorage net
income for the taxable years 1917,'
-1338, 1919 and 2920,; less his average !
Income, war. profits and excess profits;
tatees for such years exceed his net in- j
come for the taxable year 1944. :At
> ''In case of a corporation in exist-}
eiiee .during the prewar period the j
tbri& *war profits' means, the amount!
fcy which its average net income for;
|the taxable years 1917. 1918. 1919j
and 1920. less its average income, war;
profits and ? excess ' profits taxes forj
Which such years exceed its average j
feet income for the ' prewar period i
{the-calendar years of 1911. 1912 and j
0.913. plus or minus, as the case may!
ite. 10 per cent of the difference be-!
rwecn its average invested capital fori
the prewar period and its average in-!
vested capital for the taxable years!
1917. 1918. 1919 and 1920.'
j .Corporations under the counter rev-!
>nue bill of the Democrats and "in-}
ljurgent" Republicans, includes "as- j
?ociations, joint stock companies and j
insurance companies."
I -Mr. Rainey said the measure would !
raise two billion dollars for carrying \
out the soldier relief/and would havej
the solid support of the Democrats in j
the house. Xo amendment, however,'
was made as :o the'number of "in- j
?urgent" Republicans expected to sup- j
port the counter revenue bill.
p _?, .. ?- r
\fZ?lxmisville. Ky... April 27.?Ministers.;
lahor leaders,' social workers and city |
officials are enlisted in, a campaign
initiated by the women's clubs to dis
courage buying at present prices and
.to* unite in an economy pledge.
CHAMP CLARK
SEEKS NOMINATION
! Disgruntled Politician Who Has
Consistently Opposed Ad
ministration Wants to
Be President
New York. April 26?Champ Clark.
I former speaker of the house of rep
resentatives, has decided to become a,
[candidate for Democratic presidential;
nomination, it was declared here to- j
day by Mrs. Julia Sanders, an officer
of the Swastika club, a woman's poli- I
tical organization. Mrs. Sanders said;
Mr. Clark had made known his deci- j
sion to her over the telephone from |
Washington, explaining he desired to
make the announcement through a !
woman's, organization in appreciation i
of the charming compliment the wora-j
en voters of the country have paid i
him "by supporting him during his.
public career." j
"I would*be glad to serve the people:
as I have served them for 23 years," j
said Mr. Clark. "I am not going into j
any state to wage a fight for delegates j
to the Democratic national convention.
As a poor man I cannot buy political
patronage."
Washington. April 26 ? Former'
Speaker Clark said today that while!
he had not authorized anyone to an- i
nounce his candidacy for the Demo- ;
cr?tic presidential nomination "no j
man could decline such an honor if j
offered freely." j
"I have not lifted and do not in- j
tend to lift my finger or open my J
mouth to get the nomination." Mr.;
Clark said. '"All that I have ever said !
is that 'Barkis is willin.' "
Mr. Clark said., that he assumed j
Mrs. Sanders' announcement was bas-j
cd on his previous announcement re-j
garding his attitude towards the nom-j
ination. :
Mr. Clark said he had not communi- |
rated with Mrs. Sanders "for two or;
three months."
"Just say this for me.' he said, and j
dictated the following:
"I have not said a word, or written j
a line, or lifted my finger, to get the \
nomination at San Francisco, and I do.
not intend to do so. I suppose the'
delegates would like to elect the man :
nominated at San Francisco. If they;
think I can he elected they'Will nom-.
inate.me: If they simply want to nom- i
inate somebody?if that's all they;
want?they will nominate somebody\
else. ;
"I know Mrs. Sanders very well; j
-she's a -fine woman, has lots of sense, 1
but I never authorized her or anyone I
else to nominate me for president."
:
Chicago, April 2S?Eery third Chi-,;
goan is too fat. according to Health \
Commissioner Robertson, who is -x-j
perimenting with a weight reduction \
?class.
Have you read the special "ad." in>j
tbjs paper of the sale of suits and!
coats at the Ladies Shop.?Adv. 1
[declaration
i against bonus
I United States Chamber of Com
merce Adopts Resolution
Condemning Soldier
Demands
- 1
i Atlantic City. X. J., April 27.?The
j resolution committee submitted a re
j solution to the United States t'ham
' ber of Commerce opposing: a bonus t<>
[soldiers. The resolution declared that
j not only would the half million ne- ;
jgroes in the South, who would receive
jfive to six hundred dollars each, im- i
{ mediately quit work until the money \
j was spent, but predicted that there
; would be generally an orgy of spend- !
:ing. that labor would be disorganized
; and production decreased.
anarchy in
' jugo-slavi?
: v ?
; 5 - . .
;" London. April 27?A Bolshevik*re-J
'volution has broken out in Jugoslavia.!
i says a Central News dispatch from j
I Rome, quoting Trieste advices to the !
I Messagero. Machine guns were
brought into action at Belgrade,
where hundreds are said to have been
slain, while fatal riots occurred at
Lailbach and Agram.
underwood made
senate leader
Washington, April 27.?A clear!
field was held by Senator Underwood!
when the Senate Democrats ear.-}
cused to elect a loader.
Senator Underwood was unanimous-}
ly elected Democratic Senate leader.}
steel trust I
suit again i
TTashingtcn. April 28?The govern-;
ment has asked the Supreme Court
to re-hear it's dissolution suit against
the United Stares Steel corporation.
P: gah News Notes
Pisgah. .-^pril 26?Planting is about
done, y me cotton will have to bo
planted over. The corn stands are
fairly good.
The revenue officers raided a num
ber of negroes here last week in
search of whiskey. Some evidence of
illicit distilling were found. Som*
have left their crops and gone; others
bound over to court. They are all ?s
innocent as lambs of wrong-doing.
A shooting scrape occurred at Gre?B
Hill church on the Charleston road
yesterday. Two negroes got badly
shot and may die. ? One got beat up. j
Pisgah Club was organized Satur-!
day. g. wl Elmer, president; J. K.\
DuPree. memeber executive commit- j
tee; .1. T. Dennis delegate to county |
convention.
--?;- .- I
1 he Ladies Shop offers a spocia't j
value in_eoat suits at $43.50?Adv. ?.
SUITS
$43.50
The Ladies' Shop
Exclusively Dependable
WEARING APPAREL ONLY
COATS
$27.50
We Announce a Sale of Eighteen Suits, Navy and
Black, at $43.50. These Represent Val
?...? ?
t t 1 % . i ues Up to $75.00
12 SPORT COATS AT $27.50
These Are Two Special Values Picked Up By Our
v # Buyers' Recent Visit to the Market. We
l 7
Advise An Early Call
THE LADI
SUMTER, S. C.
One Price to All"
COATS
$27.50
?Some Interesting Information Front j
Other Communities.
While, we in Sumter. are consider
ing what is the best thing to do for
our schools, it is well for us to know ,
what other communities are doing. !
Sumter is not the only town that has!
an educational problem t;> solve.
Those who were privileged to hear
the splendid lecture of last evening j
will remember that the speaker gave
emphasis to the declaration that we
have heard s<> frequently of late that
the next five years would determine
"the fate of our modern civilization.
My own belief is that the public school ;
is one of the bulwarks of civilization. !
We dare not fail to strengthen it. j
Florence has just voted, eight to j
one. in favor of an ir-crease in bond .'
issue for school purposes for $290,-1
000. Two hundred and fifty thou-!
sand of this will go into one building, j
Greenwood has just voted without
a single vote in the negative for an j
increase of four mills for additional i
current expenses. j
Rock Hill has just; added $75,000 j
to its bonded indebetedness for school j
building purposes. In addition to'
this, l have, just received this infor- j
mat ion from Rock FIKI: i
'?You will be interested to know i
that a representative citizens meet-j
ing last night endorsed the recom-1
rc.-ndation of the Board of Educalion j
to ask the people of the district to j
vote on the question of adding 8 mills
additional for running expenses, mak-!
ing our levy 19 mills special for this!
district. It was as fine a meeting as
I- have ever seen and there was not a'
single dissenting vote on the ques
tion.'' v
Every progressive community real
izes that a crisis is at hand and it
cannot afford to lose that which
means so much for its children?the j
education of the future citizens of our
State and country. j
Respectfully and cordially submit
ted, S. H. EDMUNDS,
Superintendent.
Detroit. April 28?The tenants |
league has petitioned the. Governor to}
call a. special session of the legis,la.-;
tart* to enact laws .governing rentals.
I t suggests that rent profits b^ fixed i
by law.
Xcw York, April 28?The* prospects
of disorder in connection with the]
threatened rent strike here May l have |
become sufficiently alarming to .at
tract the Department of Justice.
Chairman Hilly, of the mayor's com
mittee on rent profiteering announced
today.
FOR SALE?At a bargain, one Colt's
generator complete with all fixtures.
It's all new and never been uncrat
ed. See J. P. Commander.
HAVE A PEW Ford Starters that we
can install at once. If you have a
Ford without a starter, see us.
Shaw Motor Company._
HAVE CAR LOAD Ford one ton
trucks in transit. Still have one or
two unsold. See us at once. Shaw
Motor Company. _
"VVasington, April 28?Seven linn
?3red and sixty-two deportation war
rants were issued by the Department
of Labor as the result of the so-called
radical raids by the Department, ac
cording to Assistant Secretary Post r
Tested Seeds
For Field and Garden
Get our free Catalog- which tells
about the best varieties of Garden
Seeds?for home use^. canning -and
shipping?what held seeds to plant for;
heavy yields of grain or hay?which to
sow for abundant pasturage.
woods
I SEEDS
! are choice strains of the best varieties;
i re-cleuned and tested for germinatior
I and purity.
! Write for Catalog and "Wood's Czttp>
j Special," giving timely information and
current prices. Mailed free.
T. W. WOOD & SONS
SEEDSMEN, ..?
RICHMOND - - - - VIRGINIA
Clothes for
every man
You'll find ? variety of styles here when you
come; models in suits for quiet tastes, as
well as for ultra fashionable men.
It's part of our service to the community
to serve all of you men, whatever your pref
erence in style or fabric may be.
Hart Schaffner &
Marx clothes
Are made in so many variation's of pattern,
design and;measurements, that we are able
to fit and satisfy every man who comes here.
Stylish Spring
selections
Shirts, Shoes, Suits, Underwear ? every
thing that goes to make up a complete fur
nishing store?our buyer has not overlooked
anything for your comfort and pleasure.
R EVERYBODY'S ENTITLED
TO SATISFACTION?
1 It doesn't matter about
prices, market conditions or
how you are built ?you're
entitled to satisfaction in the
clothes/you buy here. If you
don't get it?money hack.
'KAMI
%fiTC>
jor H$effLresseJIffens
THE LARGEST STOCK IN EASTERN CAROLINA
THE HOME OF HART, SCHAFFNER ? MARX CLOTHES
L U
B
R
Lumber
Flooring;
Ceiling,
Siding,
Casing,
Mouldings,
Framing Lumber,
Red Cedar Shingles,
Pine and Cypress Shingles.
H ardware
Paints, 02s
Brick, xrr* **f II* Locks,
& Budding^r^
Plaster, Crates
Fire Brick, Jk/f m ? ISaws,
Fire Clay, MatCHa!^'"***'
Sewer Pipe, Hammers,
stove Flue, Door Hangers.
Metal and Compos m Sliingles, Terra Cotta Thimbles Cari>cntCT*s Tools,
Doors. Sash and Bunds. Mortar Colors and stains Paint Brushes.
Porch Columns and Ballasters, Water Proofing Mineral, Paints and Oils.
Beaver 3oard, Corrugated Metal Roofing, Inside Decorations.
Valley Tin and Ridge Roll, Asbetos and Composition Roofing. Calsomincs and Cold Water Paints,
WIRE FENCING. IRON AND WOOD POSTS
EVERYTHING FOR THE HOUSE
Booth & McLeod9 Inc.
SUMTER, SOUTH CAROLINA