Page Sixteen 



THE I. A. A. RECORD 



June, 1932 



Yale Prof. Advocates • Hyde Cites Needs For Vaccinate Pigs While 



Swing To Income Tax A Prosperous Agriculture . Young and Save Money 



Intangible Property Should Pay 



Its Share and Lighten Burden 



On Real Estate 



FIFTY-THREE per cent of the 

 revenue of cities of more than 

 30,000 population is produced by 

 the tax upon real property, ac- 

 cording to Professor T. S. Adams 

 of Yale University. Nearly two- 

 thirds of the revenue of the av- 

 erage city comes from the general 

 property tax, more than four- 

 fifths of which is laid upon real 

 property including land and 

 buildings. 



Nineteen per cent of the real 

 property tax comes from land and 

 34 per cent from buildings. 



"With real estate carrying its 

 present burden, and with tangible 

 personal property taxed as 

 recommended, there can be no 

 justification for the complete 

 exemption of securities and other 

 intangibles in the hands of in- 

 dividual investors," Prof. Adams 

 says. "Intangible property should 

 be taxed upon the basis of income 

 at a rate not to exceed six per 

 cent as an adjunct of the personal 

 income tax." 



A tax of this kind is effective 

 in Massachusetts. A progressive 

 personal income tax is 

 recommended as a major remedy 

 for the present undue concen- 

 tration of taxes upon real estate. 

 "In Massachusetts the present in- 

 come tax produced $28,000,000 in 

 1929 or 7.69 per cent of the total 

 taxes collected. In New York it 

 yielded $84,000,000 or 7.83 per cent 

 of the total tax bill. But the state 

 income tax should be made much 

 more productive than at present. 

 To accomplish this it will be 

 necessary to make personal 

 exemptions lower, and the rates 

 on moderate incomes higher than 

 in most of the state income taxes 

 now in force." 



Phosphate Sales 



In spite of low farm prices 

 ground rock phosphate is moving 

 into Illinois from the phosphate 

 mines of Tennessee. Twelve cars 

 were shipped out in one week in 

 April, according to J. C. Lowman 

 in charge of weighing and in- 

 spection at the mines. 



Emergency measures dealing di- 

 rectly with agriculture are not 

 necessary. Secretary of Agricul- 

 ture Arthur M. Hyde stated 

 May 16, United States Dairy re- 

 ports. Markets for farm products, 

 he said, are the. real need. This 

 may be accomplished only by 

 restoration of business and agri- 

 culture by the use of credits 

 available through the Reconstruc- 

 tion Finance Corporation and 

 other federal agencies which are 

 ready for these functions as soon 

 as business emerges from its 

 frightened condition. 



He said the federal govern- 

 ment has laid the foundation for 

 the recovery of agriculture and 

 industry and the actual use of 

 immense reservoirs of credit is all 

 that is needed now. He said 

 bankers are afraid to lend and 

 borrowers are afraid to obtain 

 loans to finance their projects. 



Four things only are required 

 to make agriculture prosperous, 

 according to Hyde, "and three of 

 these have been provided." They 

 are the tariff. Federal Farm 

 Board, organization of farmers, 

 and the land utilization policy. 

 The last of these would have pre- 

 vented the present extreme de- 

 pression of agriculture if it had 

 been applied 10 years ago, he said. 



Investigate Telephone 



Rates In La Salle Co. 



Uncle Ab says there are times 

 when the intelligent listener ex- 

 cels the intellectual talker. 



The telephone committee of the 

 La Salle County Farm Bureau has 

 been very active during the past 

 few weeks investigating rates. At 

 a recent meeting it was disclosed 

 that the increasing number of 

 telephones being removed was 

 making it more expensive for 

 other subscribers and at the same 

 time was making the phone less 

 valuable. 



It was decided that the com- 

 mittee should make an inves- 

 tigation to determine how much 

 the telephone companies could re- 

 duce their rates. Sub-committees 

 were appointed to secure in- 

 formation about different com- 

 panies. As shown by a summary, 

 costs varied from $1.35 to $2.25 

 per month, v, . 



The committee also discussed 

 the advisability of working with 

 the mayors of the various cities 

 and securing their opinions as to 

 the number of phones removed 

 and the sentiment as to rates. 



The eight per cent increase in 

 anti-hog cholera serum and virus 

 purchased through the Illinois 

 Farm Bureau Serum Association 

 during the first three months of 

 1932 over the corresponding pe- 

 riod a year ago is not as great as 

 it should be under present condi- 

 tions, according to Ray E. Miller, 

 director of livestock marketing. 



"Considering the fact that 

 farmers can now vaccinate their 

 own hogs at a lower cost than at 

 any time in history, they should 

 take advantage of this opportu- 

 nity to insure their herds against 

 cholera," Miller said. > 



"If we are to profit by the 

 experience of 1931, when serious 

 outbreaks of the disease appeared 

 in practically every section of the 

 state, we must vaccinate while the 

 pigs are young and light. Last 

 year many farmers waited until 

 cholera broke out in their own 

 herd or in a neighbor's herd be- 

 fore they did anything. The result 

 was a higher cost of vaccination 

 and in many cases heavy losses. 



"Spring pigs which have not yet 

 been vaccinated should be given 

 attention as soon as possible, as 

 delay will mean extra cost. 

 Practically all the Farm Bureaus 

 have reduced the price of serum 

 an average of from five to 15 cents 

 per hundred cubic centimeters 

 since last year. The fact that hogs 

 are selling at a very low price, 

 thus seriously reducing the farm 

 income, is all the more reason 

 why farmers should not jeop- 

 ardize their income by not vac- 

 cinating." -. 



Can Handle All '32 Wool 



The National Wool Marketing 

 Corporation is prepared to handle 

 the entire wool production of the 

 United States for 1932, the 

 growers' co-operative with 35,000 

 members announced recently. 



Ample funds, warehousing facil- 

 ities, and experienced personnel 

 for financing and efficient han- 

 dling have been provided. 



"Acceptances by the growers of 

 offers which ignore entirely pres- 

 ent tariff protection will, there- 

 fore, not be necessary," L. W. 

 Elliott, executive vice-president, 

 declared. "The wool remaining 

 from 1931 will be marketed to 

 orderly mill demand as in the 

 paist, having in mind the protec- 

 tion of values." ^ 



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