OCR Interpretation

The day book. (Chicago, Ill.) 1911-1917, December 29, 1914, LAST EDITION, Image 8

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-12-29/ed-1/seq-8/

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Painter, hung in 1S94, was innocent.
Claims another man confessed to
Mrs. Antonio Kravolec, suing for
divorce, says husband drinks heav
dy. Has $25,000 annual income, is
claim. "- -
Henry Bailey, former wanjen
County hospital, appointed head of
Oak Forest infirmary.
Dr. James L. O'Connor appointed
as head of the Charitable Eye and
Ear infirmary of Chicago.
Fire Att'y Murray investigating
suspicious fire in basement of two
story building at 1145 Milwaukee av.,
occupied by "J. L" Clothing Co.
Man giving name "Chas. W. Shenk,
pres. Mid-West Mfg. Co., cholera se
rum," arrested. Hotel Wychmere of
ficials claim passed bum check.
Federal grand jury will resume
sessions Wednesday Indictments
against bank men, swindlers and
white slavers expected.
William Niblack, receiver, suing
for lien on any profits which may
accrue on Munday enterprises while
going through bankruptcy.
Clarence Bishop, 5161 Sheridan
rd., football star at Northwestern,
fined $10 by Justice Boyer in Evans
ton. Took friend's car without per
mission. o o
Levy Mayer, attorney for the rich
est chain of banks in Chicago, has
filed a protest by which bankers will
slip out of paying about $3,500,000 of
the federal deficiency tax if Mayer
pulls down what he wants for his
people. His "people" are the Con
tinental & Commercial National and
the Continental & Commercial Trust
& Savings Banks and the Hibernian
Banking Ass'n.
George M. Reynolds, president of
these three banks, which have close
Rockefeller and Armour connections,
said yesterday that his banks have
made their tax reports to the federal
government "with-advice of coun
cil." More than this Reynolds would
not say. La Salle street knows from
this, however, that Reynolds and the
powers behind him want to smash a
big hole in the federal deficiency tax
law if able and high-priced lawyers
can do the job.
Money is money in these war
times, and even if the bankers are
beaten in the courts the interest of
$3,500,000 will more than pay all the
cost of lawyers for delaying payment
of the tax. Interest on $3,500,000 for
one year at 6 per cent is $210,000,
which would hire a squad of first
class lawyers.
Federal revenue law says a tax of
$1 per $1,000 shall be paid on the
capital, surplus and undivided profits
"used or employed" by a bank.
Among the 26,811 national and state
banks of the country is capital of
$3,371,958,754. This is capital stock,
surplus and undivided profits. Fed
eral collectors claim this is "used or
employed" and should be taxed.
Reynolds and other bankers got a
15 per cent cut in taxes for their
banks before the board of review
this year Roy O. West, Fred Blocki
and Thomas J. Webb voted solidly to
assist the banks.
Hoping that they will be enabled
to get rid of a large number of un
employed men, the municipal em
ployment bureau and the Chicago
Woman's club emergency employ
ment center are going to co-operate
in a campaign, the slogan of which
will be "Back to the farm."
Both bureaus tell of "scores of re
quests" from farmers and house
keepers in small towns for help.
"The lure of a great city" and the
long hours of work and the small pay
given by farmers is believed to be the
cause of the present number of un
employed her.
o o
Pies should always be glazed with
white of egg if you wish them to be
a shiny brown.
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