Henderson Daily News (Henderson, Tex.), Vol. 9, No. 75, Ed. 1 Wednesday, June 14, 1939 Page: 5 of 10
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THE HENDERSON DAILY NEWS. WEDNESDAY. JUNE 14. 1»3f»
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share-the-wealth
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United Press Manager
Wife, Then Shoots Self Takes Red Cross Post
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who
will
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from ALBERT SPALDING’S combination
of brilliant concert recitals
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Copyright in*, Lioctrr * Mrui Tobacco Ga<
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Investors Afraid To Put
Capital To Work Causing
Unemployment Situation
Chesterfield's Right Combination of the
world's best cigarette tobaccos gives smokers
what they want because THEY’RE MILDER
.. . THEY TASTE BETTER
Slashes Wrists, Jumps Odessa Cabbie Kills
Into River, But Lives
because they were afraid of the
government.
We are fortunate to live in a
land where the Great Pleasures of
life can be enjoyed by nearly all of
us ... in cigarettes, for example ...
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New Deal Is Keeping Money Idle
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Parade of Summer Fashions
NEW YORK. (UP).—Wendell
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ALBERT SPALDING
America'! Molt Popular
Violinist ii i..n above
•thoylng America'! Moil
Popular Cigar.tt. for
Mor. Smoking Pl.aiur., ,y /
Ch.itorfi.ld. '
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and superb compositions . . . and from
Chesterfield’s
RIGHT COMBINATION
K of the world’s best cigarette tobaccos
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government, by its conduct to-
ward business, was keeping $4,- nesg
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Lgainst the romantic, jewel-colored panels of the Persian room at the Plaza, smart luncheon guests
vatch a parade of summer fashions with the accent on brilliant red touches. The model in the fore-
ground wears red kidskin sandals-with a beige and white striped, two-piece linen dress with gold
rnttons. Behind her is a black and white print suit, shown with a white lingerie blouse and a bright
ed cartwheel. The third costume includes a black faille dress with flared skirt and a fitted jacket of
red faille. The hat is black rough straw with a pointed crown of red felt.
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tax program
couraging to
"pioneering money that goes to
build up new industry and create
now jobs.”
NEW YORK. (UP). — Philip
Maida, .34, a Brooklyn navy yard
brakeman, stripped to his under-
shirt and socks last night, slashed
a hunting knife,
i fset^frpm the
no the East
his wrists with ;
and leaped 1.35
Manhattan bridge in'
River.
Police said that Maida had
wanted to die—but lived.
3 he ambulance doctor who took
him to the hospital after a fire-
boat had fished him out of the
river, said he never lost conscious-
ness. He suffered only from sub-
mersion and lacerated wrists.
----0-----------
One of the world's longest aus-
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wouldn’t
because the amount each
_ „_t would be oply 15
cents. So let’s say that $5,00n Is
feel strongly enough about it.” |
Willkie said, "they will force the
government to abandon those
hostile policies that make this
achievement impossible.”
Willkie said the government’s
the investment of ’ expansion
persons unemployed.
Writing on
Men” in a weekly . . .
Willkie said investors were afraid “Under these share-the-wealth
to put available capital to work proposals if we took the salary
a ... -.4 ^4. * Qf everybody who received $150,-1
1 000 and up, for example, and dj-
ODESSA, Tex. (IIP) — A jus-
tice of the peace verdict of mur-
der and suicide was on file today
in connection with the death of
George W. Pennington. 44, taxi-
cab driver, and his wife.
Pennington yesterday return-
ed from a trip to Oklahoma and
discovered his wife had left their
home and planned to divorce him.
He went to the apartment she
had rented.
He argued with the' woman,
then shot her in the breast and in
the head. Then he fired three shots
into his body. He and his wife
died soon after at a hospital.
---------o--
Our word "influenza” is derived
from the Latin language. Its
souree is a word meaning to in-
fluence.
mc.w lunn, — ncimwil "It is not taxes that J am crit-
„. Willkie, president of the Com-^icizing here,” he said. "It is the
monwealth i Southern Corpora- kind of tax that has been ini*
tioiij- said today that the Federal posed.
"First of all, there is this busi-
— . . ..tzz of 'soaking the rich.’ This
00(1,000,000 idle and 11,000,000 bas the same objective, but, of
I-.,* _ course, is less harmful than the
"Idle Money—Idl" \arious share-the-wealth pro-
magazine, posals. •
"Under these share-the-wealth
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WASHINGTON. '(VP).—Chair-
man Norman H. Davis of the
American Red Cross today an-.
nounced the appointment of G.
Stewart Brown, manager of the
United Press bureau in Rome, as
associate director Of Red Cross
public relations.
Brown, whose resignation from
I he United Press become effect-
ive July 15, will assume his new
duties about Aug. 1. He will he
associated with public relations
Director Douglas Griessemer, who
is on extended leave from the
Red Cross because of illness.
Brown, a native of Arizona,
joined the United Press in 1929,
working in the Paris, London
Geneva and Vienna bureau,
prior to his Rome assignment.
itself”
fear of
missions.”
Willkie warned other business
men that the government might
not stop short of the utilities
field.
"They may he next on the
light,” he said. “Their protection
lies now, not in the courts, but
in the people. It is the people,
finally, who will determine
whether or not free private en-
terprise in this country shall
give way in fax or of a business, pension* bridges crosses the Dela-
inangled by bureaus in Washing- ware River in Philadelphia, Pa., it
ton.” I has a span of 1750 feet.
process” summed
present industrial and
nicnt situation as follows:
"Government
eminent
meat
ment are the three elements of ■
the fear that dominate the busi-
ness man and investor today.
“And if wc balance up the
boons, where are we?
. "1. We still have those 11,00(1,-
0(10 unemployed—nobody can
get away from the fact.
"2. We have lying idle in the
banks several billion dollars of
money for investment.
“.3. We have a need for all that
money, and more, to be spent for
the capital expenditures of in-
dustry.
"And, jf we can add item No.
2 to item No. .3, then we
largely get rid of item No. 1.”
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everybody who received $150,-1
1 Dviri "im Fni. ovoaiixIo nvxzi /I i _
The pian who fought against vided it among all the people in
the government for five years this country—no, that
o' er the Tennessee Valley Au- becuus
^thority and "lost one company in would get
the process” summed up the i .„
employ- enough for anybody to receive,
and everything above that amount
regulation, gov- should be divided. That doesn’t
competition and govern- work very well either, because
discouragement of invest- all we would get would be $2,320
a month.
"So, instead of doing anything
so drastic as that we set a very
high tax on large incomes. If a
I man has an income of $1,000,000,
for example—and there are still
two or three of these left—the
State and Federal government
will promptly take 84 per \ cent
of it. If a man has an income of
$100,000 the State and Federal
governments will promptly take
40 per cent of it.”
Not content with doing that,.
Willkie continued, the Federal
can ftovernment adds a capital gains
.. . tax and a *ax on undistributed
But; he continued, the onlv Pr"fi‘\"L Vee^i.^ J
power which can bring that about " u 1 . vpnturn 1
* , * money out of now ventures and i
IS nlvk pP0P1 f>’ , , a : I keep investors "from putting
"When the people of .America' jnto new gnd ;
new equipment.”
Willkie said Federal Reserve
Rank statistics showed that on i
April 2fi, 1938, “more than $4,-1
000,000,000 which could have
especially dis- been used as a basis for credit
•expansion many times that
amount was hing idle in 1929.”
“It has been estimated,” he
added, “that if industry could get
this money which it needs and
put it to work it would provide
employment directly for some
3.000,000 men in operating plant
and equipment, and for sojnc
6,000,000 to 9,000,000 men in
the service industries.”
Rut "the fear of government,
prevents. Willkie said,
“administration by coni-
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Henderson Daily News (Henderson, Tex.), Vol. 9, No. 75, Ed. 1 Wednesday, June 14, 1939, newspaper, June 14, 1939; Henderson, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1331647/m1/5/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rusk County Library.