AMERICAN POLITICS.

Gisborne Times, Volume LX, Issue 9722, 4 June 1924, Page 5

AM ERICAN POLITICS.

LABOR OF CHILDREN. TAXATION REDUCTION. (Received June 3. 10.45 p.m.) .WASHINGTON. June 2. Tho Senate approved a Constitutional amendment empowering the Federal Government to limit, regulate and prohibit the labor of children under eighteen years, already approved by the House. It now goes to the States for ratification. Air Coelidge signed the tax ’eduction hill which reduces the levy -of the Federal Government on almost- every taxpayer and especially benefits those with small taxable incomes. It reduces bv 25 per cent, the taxes on 1923 incomes payable in a year. More than a score of excise and miscellaneous taxes have been repealed thirty davs.—Reuter.

BETTING ON COOLIDGE

NEW YORK, Ala.y 19,

One betting commissioner on Wail Street lias £40,000 sterling, which lie is willing to bet, taking 3 to 1. that the next President will be a Democrat. The odds regarding President Coolidge’s re-election are 9 to 5 on, while Mr McAdoo is quoted at 4 to 1 against, and Mr “Al” Smith at 3 +o 1 against.