anaheim-gazette 1934-09-06

Uncle Sam Plans New Credit Aids (Continued from page 1) security of the borrower's note; amounts in excess of $50 must be adequately secured by collateral. The maximum loan which may be made to any individual is $200, or 10 per cent of the credit union's paid-in and unimpaired capital, whichever is the greater. Interest not greater than one per cent per month will be charged on the monthly, unpaid balance of the loans outstanding. "Congress did not enact this law with the desire to permit formation of a new kind of banking institution operating for a profit," said Ellis. Federal credit unions may lend only to their members who have purchased capital stock. All profits, after provision has been made for losses and reserves, are paid to member-stockholders. One objective, of course, is to provide sources of small credit to working or community groups at lower interest rates than have hitherto been available. The cooperative character of the credit union gives each member an incentive to partici- Tri-County Fair Grounds Blossom For Annual Event Presenting one of the most remarkable pieces of landscaping ever accomplished in a similar length of time in the country, Los Angeles county fair grounds in Pomona have been literally transformed within the past few months into a gloriously colorful exposition park to be numbered among the show places of Southern California. The thousands who attend the fair between September 15 and 30, will be greeted by flower bordered lagoons, tree studded hillsides, acres of velvety green lawns, shady rest arbors, tree lined promenades and great blankets of dazzling blooms. Here will be a remarkable contrast to the memory of the old home fair with its heat, dirt and discomfort. pate in the management of his group." Among employees of the farm credit administration's eleventh district a credit union organized under California estate law on May 29 already has a membership of over 500 with shares outstanding in the sum of more than $2,000. Birthdays mean more when you have a telephone What important anniversary, what loved one's birthday is approaching? Mark it down. Then call up. The call over distance small or great will mean more than you can guess to the one who is remembered. The telephone is the quick, personal way to bridge the miles. "Long Distance" is glad to give personal service. SOUTHERN CALIFORNIA TELEPHONE COMPANY Business Office: 217 N. Lemon Telephone 2101 Ready for School School opening time is rapidly closer. You will want to be dressed in the new togs for the winter season. Yungbluth's are supply your needs with everything dressed student will wear. Here are a few suggestions: dressed in the new togs for the winter season. Yungbluth's are supply your needs with everything dressed student will wear. Here are a few suggestions: WOOL JACKETS $4.95 Brown and grey checks, zipper front, plain back or belted DRAPE MODEL PANTS To Match—Pleated Front—Welt Seams CORDUROY PANTS Slacks or high waist, new colors for fall—champagne and golden tan. $3.45 MOLESKIN SLACKS New tan color $4.95 SHIRTS Palmdayl, Hendan and Manhattan drape model, form fit, dark patterns are the style colors this season— $1.15 — $1.45 — $1.95 SWEATER Mohair in long or medium brushtail back; zipper front, belted front, belted back; new colors brown— $4.95 SOX THAT W By Interwoven. Fancy pattern stripes— 35c—3 Pair S F. A. Yungblu THE HOME OF HART SCHAFFNER & MARX 145 West Center Street 84th Birthday of California To Be Observed at Fair Native Sons and Daughters Elaborate Admission Day Celebration California will celebrate its eighty-fourth birthday on the final three days of the California state fair, which opens in Sacramento, September 1. Because of the wish of the Native Sons and Native Daughters of the Golden West to combine the annual Admission day celebration with the festivities of the state's big annual exposition, the fair period has been increased from eight to ten days to include September 9 and 10. Committees of the Native Sons and Native Daughters and fair directors have been at work for several months to present a spectacle which would pay fitting tribute to the early pioneers who aided in making California a sovereign state. The Native Sons and Daughters will take over the fair program on Saturday, September 8, when an evening open house will be held at the horticultural building at the fair grounds, with local parlers presiding over the various county displays. Suitable exercises will also be held at historic Sutter's Fort. The grandstand attraction on Sunday, September 9, will be a parade showing the development of transportation in California from the Indian runner up to the giant air liners. State fair crowds also be entertained with a drill and drum corps contest between parlers from all parts of the state. The big feature of the celebration will be a spectacular parade through downtown Sacramento on Monday, September 10. Over five divisions will EDITOR'S NOTE: In the following article, Ralph H. Taylor, farm leader and governmental observer, presents the highlights of the so-called Synerotax amendment, which will appear on the November ballot, together with arguments for the plan, as set forth by its sponsors. Next week, Mr. Taylor will present the arguments against the plan, as advanced by its opponents. Mr. Taylor's articles will seek to present the case "pro and con," without prejudice, for the information of taxpayers and voters. "No income — no taxes!" Such is the major inducement offered by sponsors of the so-called Synerotax amendment—revolutionary tax plan which will be submitted to California voters at the general election on November 6th. At a single stroke, advocates of the new plan propose to abolish all existing city, county, state and school taxes—wiping out every tax except improvement district levies and federal taxes. And as a substitute for the present complicated tax structure, they propose enactment of the Synerotax—a gross transactions tax, which would tax a percentage (variously estimated at 1 to 5 per cent) of the gross income, money turnover, or value turnover, of every individual, co-partnership, corporation, institution, industry and enterprise. Among Your Friends Mr. and Mrs. Clarence Yearou family enjoyed Sunday motoring Greenvalley, in the San Bernadillo. Official headlight adjusting. Daylight. Bill Payne Garage, across Library. Lieut. and Mrs. Dale Quarto Washington, D.C. left Sunday for home after a vacation with theirents, Mr. and Mrs. Wesley Quarto Mr. and Mrs. W.H. Wellman, ocity. Gordon's for Flowers. Ph. 3832 Mr. and Mrs. LeFroy Burns were married last month, now a home to their friends at 1420 Partón street, Santa Ana. Mrs. was Thelma Dugan. For modern Interior decoration Harry Kindig. Phone 3508. Mr. and Mrs. Edward Mills family recently enjoyed a two-week vacation at Newport Beach. Miss Bessie Renner, daughter of and Mrs. W.E.Renner, is back at desk in superintendent of school this week following her return from a two-week vacation, the first of which was spent at Ocean Park the second half at San Francisco, was accompanied by Miss Bernicee Whittler. You'll be pleased with your s garments if you have them f cleaned and pressed by Ann Cleaners, 308 E. Center. Phone 4 Mr. and Mrs. J.S.Kelsay rec moved from 422 South Vine street 424 East Sycamore street. Mr. and Mrs. E.J.Satzke now School? Time is rapidly drawing want to be correctly togs for the fall and ungbluth's are ready to with everything the wellwear. Gestions: The grandstand attraction on Sunday, September 9, will be a parade showing the development of transportation in California from the Indian runner up to the giant air liners. State fair crowds also be entertained with a drill and drum corps contest between parlors from all parts of the state. The big feature of the celebration will be a spectacular parade through downtown Sacramento on Monday, September 10. Over five divisions will be in line of march from San Francisco alone. Large delegations will also be present from several hundred parlors. A special program of seven running races will be run off in the afternoon, with special events scheduled for the evening. WILL BUILD GARAGE Thomas F. Morgan obtained a permit this week to build a $250 garage at 743 North Palm street. COUNCIL GRANTS ELKS REQUEST City councilmen Tuesday night granted permission to erect a temporary electric sign across the front of the Elks club house to advertise the Elks carnival. MUST LEAVE COUNTY On the promise of Andrew Zieger, arrested on complaint of A. L. Allen of Garden Grove on charges of vagrancy, to leave the county immediately, Judge Charles Kuchel Wednesday suspended a 30-day sentence. Zieger pleaded guilty. new plan propose to abolish all existing city, county, state and school taxes—wiping out every tax except improvement district levies and federal taxes. And as a substitute for the present complicated tax structure, they propose enactment of the Syncrotax—a gross transactions tax, which would tax a percentage (variously estimated at 1 to 5 per cent) of the gross income, money turnover, or value turnover, of every individual, co-partnership, corporation, institution, industry and enterprise. From these revenues it is proposed to finance all California government, including local and state, as well as school support. The property tax, gas tax, sales tax, personal property tax, inheritance tax, franchise tax, the gross receipts tax on utilities, etc., would all be thrown into the discard. There would be absolutely no exemptions under the Syncrotax, except that banks would be taxed in excess of 50 per cent of their net income. Charities, church collections, orphan aid, old age pensions and libraries and museums—all tax-cut under the present system would be taxable under the new set-up, which would also cancel present exemptions for veterans. Sponsors of the plan, headed by W. M. Patch of Los Angeles, guiding genius of the National Syncrotax association, advance the claim that Syncrotax will effect an immediate improvement in business by abolishing all real estate taxes, except for the turn-over tax. "Under Syncrotax," declares Patch, "the total tax on real property would, we believe, not exceed 2 per cent of its revenues and price when sold. The result would be a stupendous movement of this great basic commodity and a consequent increase in values. California, with such a low rate of real estate taxes, at once would become the "white spot" of the nation for real estate development." He also states: "Syncrotax proposes that any individual company, institution and enterprise pays if, as and when money is received, thus effecting simple justice: No income—no taxes!" While this statement is literally true, it must be kept in mind, however, that the Syncrotax is a tax on GROSS INCOME, rather than NET INCOME—and a business would pay the tax without regard to whether it showed a profit. Virtually every exchange of money would be taxable under Syncrotax—and every turnover of commodities, but proponents of the plan contend that the evils of "pyramiding" would be off- ACKETS $4.95 front, plain back or belted bi-swing back DEL PANTS $4.95 rated Front—Welt Seams SWEATERS in long or medium brush—zipper front back; zipper front, belted back; button belted back; new colors are gray, royal. $4.95 OX THAT WEAR terwoven. Fancy patterns, checks or 35c—3 Pair $1.00 gbluth FFNER & MARX street simple justice: No income—no taxes! While this statement is literally true, it must be kept in mind, however, that the Synerotax is a tax on GROSS INCOME, rather than NET INCOME—and a business would pay the tax without regard to whether it showed a profit. Virtually every exchange of money would be taxable under Synerotax—and every turnover of commodities, but proponents of the plan contend that the evils of "pyramiding" would be offset by the fact that the rate would be low and that all other forms of taxation would be abolished. The tax would be administered by the State Synerotax administration, a board of five members—one elected at large, to be paid $10,000 per year, and four, elected by districts, to be paid $8,000 per year. The tax would be collected by County Synerotax administrators, whose salaries would be fixed by the county board of supervisors. (Next week: "The Case Against the Synerotax") W-A-N-T A-D-S RATE: Five cents the line (count five words to the line) for each insertion. Phone 2414 for want ads that bring results. FOR SALE — (Miscellaneous) FINE PRACTICE PIANO, $17 cash. Schmidt Music Co., 112 E. Center. PAINTING & PAPERHANGING Painting, and paper hanging, J. E Saylor 131 W. Chartres, Phone 2761 PIANOS FOR SALE 100 PIANOS to choose from; Knabe, Bechstein, Steinway, Chickering, Kimball, etc., new and used, $35 and up DANZ, Anaheim. $10 FREE! Send name of friend who wants piano and get $10 Free when we sell. DANZ, Anaheim. Back Pay Promised To Veterans of '98 Spanish war veterans who enlisted between April 21 and October 26, 1898, and were discharged prior to January 1, 1899, are entitled to either one or two months back pay. Congressman Sam L. Collins announces. The congressman secured this information from Col. E. J. Ely of the army finance department, following request of several veterans. Previously applications of veterans for pay were turned down, but now will be allowed because of legislation enacted by the 73rd congress. FALL USHERS IN NEW STYLE Smart pumps of suede and crushed kidskins Clever tailored ties in baby spike heels in suedes and crushed kidskins. See the many other styles we carry for sports, school, evening and afternoon wear. Over $0 styles in all. Priced at— $2.25 up to $3.50 Wednesday Only Sept. 12 "Down to Their Last Yacht" Slduey Blackmer - Sydney Fox Thurs., Fri., Sat. Sept. 13-14-15 "Now and Forever" with GARY COOPER CAROLE LOMBARD SHIRLEY TEMPLE GENERAL ADMISSION 25c See the many other styles we carry for sports, school, evening and afternoon wear. Over $0 styles in all. Priced at— $2.25 up to $3.50 Karl's Shoes 105 West Center St. PIGGLY WIGGLY Prices Effective Friday and Saturday, September 7th and 8th Two years old this week — The Family Circle—a sparkling high class national magazine for the whole family. A special story by Irving Cobb, birthday greetings from stage and screen stars feature this anniversary number. Get your copy today — It's FREE. BUTTER Dairyland Brand. Parchment wrapped solids. Per Pound 30c EGGS Large Eggs Quality Brand Per Dozen 28c HLLO flavors package 5c Fresh Ground Per pound 19c PEACHES Mariposa Brand No. 2½ can 12c ANDY BARS F. P. Asstd. 3 bars 10c Best Foods Per pint 21c PREMIUM FLAKES N. B.C. Per package 10c UCOA Fast Foods 10½c Swans Down 2¾ lb. Pkg. 25c MAXWELL HOUSE "Vita-Fresh" Coffee 1 pound can. Dozen Happyvale Salmon — No. 1 cans Misston Tuna — No. ½ cans Spirit of Norway Sardines — No. ¼ cans Your choice $1.19 12 Cans for Dozen Stokely Corn — No. 2 cans Silvertale Tomatoes — No. 2½ cans Standard Pack Peas — No. 2 cans Your choice $1.33 12 Cans for UCOA Food Foods Tomargarine per lb. 10½c CAKE FLOUR Swans Down 2¼ Lb. Pkg. 25c MAXWELL HOUSE "Vita-Fresh" Coffee 1 pound can 29c Dozen Happyvale Salmon — No. 1 cans Misslon Tuna — No. ½ cans Spirit of Norway Sardines — No. ¼ cans Your choice $1.19 12 Cans for Dozen Stokely Corn — No. 2 cans Silverdale Tomatoes — No. 2½ cans Standard Pack Peas — No. 2 cans Your choice $1.33 12 Cans for GRAHAMS Money Maid pound box 16c MILK Max-i-Mum Brand Tall cans 3 for 17c FORMAY Pure Shortening 3-pound can 47c NET FOOD Longheart 1 cans, per doz. 55c CANE SUGAR Fine granulated Cloth Bag 10 lbs. 48c WHITE KING Granulated Soap 40 oz. package 26½c NET FOOD Single Dinner 1 can. 2 cans 15c FLOUR Golden Heart 24½-lb. sack 89c WALDORF Toilet Tissue Large roll 4c GRAPES Seedless 3 lbs. 7c APPLES Bellflower Fancy 6 lbs. 14c NUTS Burbanks No. 1 10 Pounds 8c POTATOES 15c PEACHES Champion Freestones 3 Pounds Genuine Young Steer Beef Pot Roasts ... LB. 10c Veal Ribs ... LB. 17c Milk Veal Veal Roasts, Choice ... LB. 15c Veal Steaks ... LB. 19c Young Spring Lamb Choice Lamb Chops ... LB 19c Leg of Lamb ... Lb. 22c Cheese Brookfield & Tillamook lb. 18c WEST CENTER STREET ANAHEIM