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Collection: Newspapers > Nevada City Nugget

July 10, 1944 (4 pages)

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"805 Broad Street. Phone 36. spaper, as defined by statute. Printed and Published at Nevada City. : so anette p Editor and , MS Published Semi-Weekly,. Monday aoa lbursday at Nevada City, California, and entered as ma. matter of the second class in t).2 postoffice at Nevada City under Act of Cor.:ess,, March 3, i 1879, SUBSCRIPTION BALES . }. industry. unsound. ‘In. ‘support j directors at.its meeting on June 23, ‘ mattied; »1for @.constitutional, convention. or . lt did. that the results, would be. vas is, ‘line qwith; the ,gbjectives of this. proMe ‘@ While, the. ponstitution requires that.a constitutional convention must. nd Heng by congress in the event. ‘ al pplicatt _two thirds Jp, the’ state 1 dh exists fok-entoreing © ment, Anasmuch as the proposal un‘der ‘cor tion involves prieeslnn Wwers of congress, it is do that congress would voluntar: Pine -. jy }eafesuard the nation’s » ownership of property and will encourage the investment of venture {capital and. a healthy expansion of ~~ 3—Restriction. of the. taxing power ‘of congress will:help to Praag te igbinng it regards need through _ this, omically and’ Bove thie position twken by the board of 11944, the telowing. Feasqus are. avb-. ‘In-There is no. assurance. that . congress would. yield. to: the. demand legisiatures, no ‘machinery this fequirewith the requests for a ‘conla ‘sentation ‘eon“pecan could — : her} hently . mee procedure enaaestes. by! NEVADA CITY NUGGET plan is “obpectionable because these uncertainties. 2—4t is governmentally unsound stitution any provision the effects of which are uncertain. It is not known. definitely how much revenue “vould be lost to the federal’ tresaury” under this proposal how it would affect other segments of the federal tax base or whether the limitation would attain the objectives of its sponsors. If for any reason this proposed tax limitation proved to be ill-advised or unworkable it could be removed or altered only through the cumbersome pro¢ess of anether constitutional amendes years and it might never be achieved. In the meantime the financial structure of thé government would suffer and this would be reflected in the economy of the nation. ' 8—The enforcement of the limitation could lead to the enactment of jother taxes which would be much more detrimental to the nation’s economy than the present tax system, or such modified tax structures. as congress may vVoluhtarily provide in the post war period. Although successful in replacing the revenue lost thrgugh the imposition of ‘the 25%, ceiling on income, estate and ylation is confined to portion of the sch ‘base would leave’ thé way open’ : for the, enactment’ of substitute tax n-. ress would ‘tilt . have the power, -. example to ‘supplement the corporstion income tax with lH raje Gade ae tecroe te ae the resiul¢” ‘De highly destFwetive td would not assure the end of exces# fee" tax’ rgtes and “might go so ‘fara to injure those whom it is intended to help. be 4—The probable effect on revel nes could lead to crippling the’ go¥«{ ernmetnal srtucture, ‘undermining, governmelt credit and forcing a dis ‘loéation of the monetary system. Despite’ the ‘fact © that congress’ would have the right~ to . levy ‘dilbstitute taxes,.thé amount of revenue ‘lost: under the provisions of this limitation ' eotild greatly exceed the ‘point where ‘it: could be™ ‘Feplaced. The ‘individual income tax during the ‘current fiscal yedr will yteld about ‘$78,000; 000,000 with tax fates ranging progressively from 23% to 94%! If progressive tax rates weré to be of} if ma of of . would probably be graduated from Point fa below the’ present 28%, minimum with the result’ that the ‘loss of révenué would probably exceed by more than half the amount’ /how ‘received from ‘this sourée. _Inasty jibe required after the ‘war to ‘service the war’ debt; to pay ‘veterans bene‘would ‘place the fedéral treasury in Thus the measure’ ‘could’ Iead to national bankruptey:--*5--Te tax limitation does not ap-} ply. we spending or borrowing and therefore neglects the basis for au fn taxation. . ‘The basis of all federal taxation the. ‘amount of expenditures. As ie as congress. has unlimited Ppow. ets to make: appro ropriations and to incur indebtedness, a partial limit. ation On its taxing powers will not economy ae against the pitfalls. of detauit; the -Of inflation’ and the Fe. Ske alte of im advised fiseal practices, ours” ‘*hanc through. a: ation . will: be wore’ readily aapel tax’ limitation: _ } are other “methods. of ; correcting detects in the federal tax ture. waiok: are safer and “tore th is already within the power of. mist s‘ without. the: cumiber, . ’ }some. process required to change the. :, #toastitution. ‘Tt shouldbe as easy: to. set. ublic support for such latletasine s action by congress as it would be to. ~ {get ‘public support for such legislative . constitutional amendment. The former procedure is governmentally and as Saag lly. Sounder: and rows: cep mal results. ‘Teasons the Califor. of . to freeze into the United States con-} ment: Such a process sometimes tak-. ¢ congress might not be BUREAUCRACY HORTS MINING INDUSTRY (By Charles F. Willis Editor of The Mining Journal) After reading scholarly talks on our tax problems, and after listening to arguments for and against different methods of taxation, fact stands. out clearly—everybody and his dog must now pay sacrificial taxes and government extravagance must be eut as drastically as taxes are increased. If we fail to do this, we admit that we prefer to pass on to the boys at the front not only the risk of life and limb, but the obligation in buying interest bearing bonds which éreate debt and in perpetuating every boondoggling political project while our fighting men sacrifice their lives and opportunities and families to preserve us safe from aes at home. The psychological approach toward maintaining production in the metak mines has, been terrible. For many months and from all sides we have ¥ ‘. gift taxes, the fact that the limit-} hata I gyorg gegen go #2 meta} to cover ciy}itian requirements or cutting down business, Ag a result, the limitation g. Fetained under the limitation, they ‘Much as high tax tates will: probably’ fits’ andto provide ‘for post ‘War ren construction, ‘the’ drastic Yeduction) of the ‘individual incdme’ ‘tax alone}-. @ position. where it-might not’ be able to ‘take care ‘of: its’ fixed obligations: . : the top.” “Great.fanfare, was, made about granting no. more, lead and zinc premiums as.there was no need te’ increase. production. by further . price stimulation, The zinc branch of WIPB toldiof huge-stocks and. talked the means of obtaining it. The Re “tangsten and mere contracts. were @ancelled and Meta ‘Heserve paid. the. penalty in cash: father,than take additional, ores, Na-, {ional publicity said that we had. so} Much copper that it® was. “running out-of jour ears” and that WPB had ih te organize 4 sales force to get rid ot some. of the accmulated’ surplus. Mibother publicity story stated -that 70 gold mines had, been given permission to. operate, indicating that ij Men,were ‘being released to less essential mining. All-of the above and many stusilar things have. happened in the last six months and the result has been just ‘what could be expected—a let down in. metal production all along the line, The. énthusiasm which had been aroused for more and more metal production was flattened out by the statements of various government. agencies. The:balloon was —and it looks as though too much gas _escaped. -Now the Powers That Be. diabetes that they need to revive that enthusiasm, and that the balloon must be ple. believe that the: situation can that nofrerrous,; metal. production must ‘be maintained at 1943. levels;
that stockpiles are not sufficient to take up the slack; and that ‘war Tex ‘quirements of the invasion are att. ducers and miners. do not know what to believe: ‘Just when the public is being told of the great need for more metal than js being produced and urged to army steps in and says that it must how take the men and the soldiers that were furloughed to the mines. have a government action that: does not jibe. with. the statements. that {ere being made, These. who logi¢ally—or any other Wway—cannot §. ,. reconcile the demand for increased . think "production. ag’ ~deitig ‘eonsistent ‘with the removal of ‘the mien who make that production possible. Meanwhile, “thé “metal producers are fn a. dither, They do not know what to believe. They do not know ihst(what"ls expected’ of them. “They . pronouncearmed’ ‘forces aust have’ more metal; ‘and then they see the armed. forees re. induct their workinen and: ‘take away hs the furlowghed’ boldichs. They like-. * wise sée that sel&ctive service Tegulations, relating to industries” fy ‘which key ‘men can be deferred, dethe army is tipi nearly so much con‘cerned over metal production . as it is toward getting more able ‘bodied men. It is Sthvicncls that the various agencies of the government do not } get together on a coordinated proSram _ where” ‘actions and statements the. same.alley. When statemade through authorita:-. Js all the 4 cleat expect suas ae : one} . Warl Rickard on Gold Flat. PERSONALS Harold Pingaree with the U. medical corps at Monterey, spent the. week end holiday season in this city . visiting his son,‘Lou Pingaree and relatives. Lom is on a fire suppression crew at Camptonville and came to this city Wednesday to visit wi:h his father. Miss Dorothy Sack of Piedment is visiting at the home of Mr. and Mrs. ‘Miss Sack’s mother and grandparents are former 'Nevada City residents. Mr. and Mrs. R. McQuay of Alameda are enjoying a visit here with relatives and friends. They sold ‘their home on the Willow Valley road recently. Mr. and Mrs. Bert Foreman have as guests their daughter and son in law Mr. and. Mrs. George Smith of Alameda, on a two weeks vacation. Also enjoying a visit in the F man home are Roland Judd and es Marjory and Hetty Clark of d meda. The-Misses Clark are nieces ‘ot Ss} Seard that metal production is/‘‘over! punctured and the gas.was let ont blown up again; However, they are finding it mighty hard to make peopossibly be serious afterall the balJyhoo’ of. the past, six months, They: LOW say, ‘Positively. and. forcefully, . ; ually not*being met. No wonder prorenewed and maximum efforts, the} é Takingthe manpower away indicates}, . that the army has a greater need for . , men, than for metal &nd again wel, hear Statements made that are just} * the. opposite of other ' ments ‘from’ equally authoritative sources. “They hear WPB say that the] Uiberataty and intentionally omit ‘non . }. ferrous metal mining, indicating that. *" Mrs. George Strach ot e ay: results. It is no simple matter to convert, quickly from the past feeling that, g. there is plenty to a doctrine of scarcity which required ‘extra effort. Such, conversion cannot pogsibly be made if thé statements relating to stars city and need are notiiacked by de-, cisive™ and positive actions aimed to-, ‘ward’ 'ré a. solution. Tt ‘éarnot . be accom @ ‘by ‘saying in words} that we Watt more metal and at thé same time; “by getion taking away Several years ago the mining int dustry blew up" ‘over. the appoints ment of a userge cmfwyp “3% ment of a surgeon as thé director of 1 the United States: Buyean’. of Mines, It could not conceive what there w about-training and experience in sur, . gery that qualified a man to’ hea i the government organization that ig related only to the mining industry, a mighty fine fellow, and undowb:édly ‘a capable’ surgeon, but ‘it was believed that a mdn ould have ~been found for the post who ‘had sonfe qualifications pertaining’ to the inserve, Now comes “another appointment in that same organization: which the mining industry is not going to: unx George A. Lamb has been made assistant director of the United States Bureau of Mines; While he was born in an important mining state. ‘Idaho, his nearest connection ‘with mining prior to entering government ‘service is that ‘le “‘attendéd Yale university —and specialized in studies of bituminous-coal freight rates structurey’% agencies: inclided the department of! mere commission. Moré recent work hasbeen‘as4 coal statistician: bad One may wonder: if-ithas not been *hias caused the bureau -of mines -to be. side tracked im*so much: of the war effort and ‘been responsible for ae ‘establishment of’ so: many new n to to mining: activities. we fakes Woo4 y City: Hishway.’ vs fr13Imo WANTED — — Coin oo} Bhiccusas 0 i , Sherow, Box a, ble City. ) i :€ Pinot i oly . Valleg, “= tor Rent. t portabte.and . } large type® ‘Tadio batteries, ART’s 2 gg HOS — Specialists RaM6" Wis. 122 south’ Church Street, Grags Valley. Phone 981. 2-19¢8. Phone “ LW! $F 20, " via vat Lae oe 2 se = He It was ‘granited that Dr. Sayefs ‘was . , dustry which. he ~ was proposing to . derstand. It has been announced thaig} * His* prévious* work ° in government }: agriculture andthe) interstate come} the fact of laymen leadership: ‘that . d overlapping agencies pertaihing! = P Office Hours: 1 to . ——— MONDAY, JULY 10, 1944 — z, IS NEEDED even when t is t% ja.t 4 ose ud RICHARDS, Free. : 2138 Sieceuee Street : Phone 67 _ Nevada Otty . oWe. supply ae patrons: ‘withthe meat from) :the “best tattle,’ sheep ‘atid hogs pt Honky, Gin bay,"We A t @ur, areputation on service and quali and reasonable pricés!“Ask “your Belg rs about ‘us, alhey; wll. tell you. 1017 @%h.; {Phone 3952 *400 Office e hédre? Evenings 7-8. Unfon' Building ~~ Broad Street Nevada: ail 2‘Pelephone a? abibeilte Sel ce’ at’ a hours, 246 Sacran “Some da, Oy e acramento St. evade . Tae ited "ATC ER 203, bi Maia, loud ' ay tt OIAN AND SURDE Office Hours: 1 to 3. ‘7to 8p. @ “Sundays 11:30 to 12:30. th: Auburn St, Grass Valley hone Grass Valley: 360° If No Answer-—Grags Valley 1 . 129 Gy era Rat ay Ad: r : Pe os Bay nn Seal Soho Autiorm 2 ir aes Sp. Bone. nel ot Poone.4 nee : NS lp a. Meets ‘evéty Tuesday evenine ath Pythian Castile,.282. Broad Stree’ _Vigiting Native = welcome, : GERALD PE. : ARD, . Pret. . DR. ©. W. CHAPMAN, -Rec. ect . Moots every Tuesday evening a -7330 at Odd Fellows Hall. WM.