Bemidji Daily Pioneer Newspaper, December 6, 1922, Page 8

‘N AL FEDERAL | — TAXES T0 BENECESSARY | NEXT YEAR, SAYS MELLON| (Continued from Page 1) thig has tended to increase specula- tion and unnatural expansion, of busi- ness. A 5. The unsettled condition in Europe is endangering the: foreign markets for many of our products, ! and business in thig country cannot progress. without foreizn markets. 6. The Treasury believes by keep- st iez. which now. total fingsely $11,000,000,000 and ‘are Ssing at the rate of = $1,000, 00:a year should be‘prohibited’} stitutional amendment. Every effort is being madé'to the collection of back taxesy: Gustom . receipty during ‘they yeurending, June 30, 1922 1ough: the low Democratic tariff was in ef- fact, totalled ‘$357,544.712, the greatest in the history of the country. 10. The value of Liberty Bonds has. increased $2,500,000,000 since the low marks of 1920. / For the present fiscal year. which cndg next July 1, Mellon said present figures indicate a deficit of $274,- 000,000, as.compared with estimates of $697,000,000 at the beginning of the year. For the next fiscal year, the period from July, 1923, to July 1924. a sur- plus_of $180,969,126 was estimated, but-it was emphasized strict economy i3 necessary to obtain this surplus. Appropriations asked for by the budget bureau for the next year total $3,978,940,331.69, a reduction of $195:000,000: as compared with ap- prapriations for the curent year. “Jt will not be necessary at this time to consider any additional taxes, for the Treasury hopes to overcome 2ny deficiencies in the revenue with- out recourse to new taxes,” said Mel- lon, in expressing the hope that the deficit for the current year might be wiped out completely. | Mellon’s diagnosis of the couRitry’s business, industrial and financial situ- ation was one of the frankest state- mentg ever made by a cabinet officer. 1t contained no rosy prophecy for the future, but emphasized that tiie good sense and hard work by American |~ business must steer the commercial structure of the nation from some pitfalls it now faces. “The 12 months which have passed since the last annual report have been marked by further liquidation and recovery from depression, and, more recently, by a substantial re- vival of business,” said Mellon, “Prices of commodities have risen materizlly and inventorieg generally ate lows the volume of business has N “direct contradiction to recerit pronouncements for a - college aristocracy, notably by President Cutten of Colgate ‘University, is n declaration for higher education E;r all who will take, it, made by r. Russell H. Conwell, noted lec- furer and college president, on the eve of education week. Dr. Conwell declares that higher pducation is getting too high for ‘he masses to reack, and advocates. tducational . facilities. which will pring the cost down to the level of the average student’s pocket. © “With the cost of a year in sollege hovering around $1,000, we rre losing sight of our democracy »f opportunity,” he said. “When the average student can’t afford to 7o to college we must bring college {0 him, or government by the peo- ple will go out of business.” . Dr.. Conwell, in his eightieth ear, is contributing to democracy in education by enlarging the ca- acity of Temple University,. f'hiladelphia, to 25,000 students. ile started Temple University 38 ‘ears ago as a night class in a hurch basement. It now has 10,- 300 students, most of them work- ng their way on a part time basis. “I have no quarrel with the uni- iersities,” he , continued, ‘‘except ikat they-are out of reach of the aasses. “The school. Lower Cost of Higher Education | Democracy’s Need, Says Conwell B “Correspondence schools and part time sehools, making' earning and learning possible at the same time, are the solution. They rept resent real democratic “education. * Work is no handicap tg study. greatest. men. conntry 'secured their . education ; through the basic correspondenge | principle—home Many of them have done. this without the direction _ of - effort and supervision which correapond- | ence schools give. certainly it is possible for the av- erage student to do as much under a staff of skilled instructors. “The faculties of correspondence schools of national-standing com- pare favorably with those of the universities. etrates to the remote quarters of the country. That means the open door_ to the best instruction for everybody. That is what I mean . by democratic education.” With._one lecture,.the interna- ssa 1 " | supplying the in - this | study.’ This being true, ' Their influence pen- tionally famous “Acres; of Dia- monds,” which has been- delivered nearly - 6,100 times, Dr. Conwell | . has earned in 51 years $4,000,000. Eyery cent of. this, money, above expenses, has. gone into Temple University. The, Baptist Temple, of which Dr. Conwell has been pastor for 40 years, has the largest Baptist congregation in fhe world. e e e e . been mounting to higher levels, and anced budget for the fiscal .}mands there will surely be a tend- “Iinthe making of railroad and: other . I'of expansion and speculation. :| debts =re still unsettled and are con- uiidérmaintenance’ ‘inadequate 3 equipment, ‘and are finding it difticull to move commodities to meet the d&¥ mands of business, .. with: resulting congestion in manufacture and trade ‘and dislocation of prices. As a con- sequence farm :products are selling too low-at the farm and too l{lgl\ at the distributing centers. “The building trades have ' been fully engaged = during’ the year in eficiencies. resulting from underbuildi i ‘hut with, rising, costs of mats lkbor and gradusl satisfaction of ‘de- ency to reaction.. There has also been | . unprecedented: acti .in :hue manu- fgcture and sale of ‘automobiles, and equipment, b {Mcantime the couniry has been| - ageumulating gold, imp ed fwitiin ¢ past two years or tierenbouts, ag- |5 grésating about $1,000,000,000 more than was held during the expan: 04 §1919-20, and“this gdld, “itself ély inflationery, hps/a tendenc td ‘expand credit.and to create an un natural ease of money for:purposes “Attne same time the uncertain Jary Vindicates Mrs. . Frances s ) rector; left the'cotirthouse after: hearing fused to indict anyone, for the slaying of her . Mrs. Hall is shown here with her attorney, I ; WEDNESDAY EVENING, DEC- 6, 102§ Mexico is making cause we haven’ © A short'street dar ;jus-Buifalo-gi flies on thein young men, LI = state of Europe and the disorder of ‘foreign currencies” and the foreign exchanges have impaired the correc-. tive forces which used to “operate in nprmal times, and have created such tnsettlement in foreign:trade and so reduced the buying power of foreign countries as to_destroy .or endanger the foreign markets for many of our products. Reparations -and indemni- ties and other intergovernmental estimating the prospects for the fu- ture and take care lest we buiid on o false basis. Business in tais country ‘can not progress indefinitely without ‘its foreign markets, and un- due expansion now, with rising costs and artificial values, would inevit- ably sow the seeds’ of reaction and make more difficult the reestablish- ‘ment of moral, relationships abroad. ‘avoid these pitfalls we depend for tributing their share to tha.¢ ment of markets and the disorganiza- tion of international trade.: B8 --“Enough - forces are : operating, therefore, to make -us cautious 'in Treasury, on its part, aims above all the most part on ‘the good sense and | | foresight of “American business.. The to keep its own' house in.order, in : the stru afford the best basis for extending niceded-assistance to Europe and fo'r &, healthful revival of domestic busi- - —_ | comes when guessin belief” that a“sound financlal'cmh'e’” Lily; jonquil cture here will in the long runj~ ‘Why “don’t auto’ s0 they will always’] kness on constructive lines.” Dr..KlNG;S PILLS: ~Jor constipation £=> the clock ki " “We hate to mention unpleasant! things but income taxesarg due again ten’ days before Chrigtmas. | ‘E‘ontbaill ‘backs are very ior-w‘ard Thrill in plmting: nareissus bulb 1923 mogeig with ready bent fenders Docs the army of .employees who l TOM:SIMS:SAYS faceg. ticed her. conr_igictor writes tatosing butter-i~ g if it will be a or onion. x'n’dké_n put out ook new. it can't mark Th my capacity as housewife I am the general manager of a house- - hold: Upon me devolves the duty of making rather large purchases vertised articles sells more goods and it isn’t hard for me to figure out that if the dealer wantsto make ~-only a fair profit he can sell .me -goodsicheaper if he 1abor throughout the country is again year | certainity and make it difficult to de- i 3 i3 § fqlly emplqyed. The year is closing |1922. showing a surpius of overltermine the nature and extent of the WhICh leads lnt.o anOther dl}ty that > o5 E; 273 . with bountiful crops, and the severe |$300,000,000 .. above nxpenditurcs,lrevival which is in ‘progress. s ..of the economlcal expendlture» of many g'oods than if h SBHS & smal- ’ ler amount. Coinecidently’I have no- ticed that dealers wha do handle ‘articles. which anz advertised seem to grow and expand. a T have often wondeéred’if it isn't because the goods which they. see - “Owing to the restrictions on 1 migration and the general resump- tion. of industrial ectivity, -~ the country is already suffering from a scarcity of labor which is embarrass< ing some lines of business and lead- ing to higher wage scales where lower wages were expected a year or two ago. the household funds. : My husband reads very assidu- ously'what he calls “trade papers.” These papers pertain ,almost en- tirely to his-business. He says he could not get. along without them depression in agriculture has been relieved. ¢ _ A few weak spots remain, but banking conditions generally are sound, money retes are Yeasonable, and there is sufficient credit avail- able to meet all legitimate demands. In the Treasury the year has seen a reduction in the gross debt amount. ing to. about $1,000,600,000, a bal- and substantial progress in the re- funding of .the short dated debt, which has:now been reduced to man- ageable proportions. These develop- ments are all heipful, and afford thel basis for a revival of business and industry on sound lines. “There are, however, factors oper- ating which contain elements of un- “The. railroads are- suffering froml = gSSseasBENE things—you'll find the ideal material in whatyou want. That’s why we have itfor you. . to work ‘with—saws well and! all thgse make Cornell Smith|Lumber Co. "+ Bemidji, Minn. the ideal utility material, You can do 165 useful things 3 i ]t'any.rnmnbe; of carpentry and repair jobs; for: - making hundreds of useful and attractive home * ber of things you can do with it; and'the ease and econ- omy with which:you can do them. We know, Cornell is Comelliis all wood, an impo tt to you. It's easy % Its tough pure 1" wood. fiber, triple-sized: its lamjnated construction, four- plys thick; and its attractive aatmeal. mill-primed— asERagefgpcERRaREERNARE it 28® aneesdldNensassae e A TR 7 because they keep him posted on matters which come up in his-busi- ness life every day: ! ; In running my household I find that the newspapers and the maga- zines are. my “trade papers.” The sdvertisements tell me nearly eve- rything I wish to know about -the purchases I should make; Like my ‘husband . who spends hours upon hours engrossed in his trade maga- . zinesiso that he may conduct his bu- - siness “more" successfully, I study .- witlr care the advertisements in the ' newspapers,-and the magazines to conduct my business more eco- nomically and suceessfully. Th doing my neighborhood buy- ing I'think I am able to choose the store that gives me the greatest val- _whereIam nottold: ‘“Hereissome- thing else just as good:” I-buy .ad- (] on-their own shelves. remind, them* - constantly of the .forward-looking work which is being.done’. by.the manufacturer of those goods; thus setting an example.for greater.in- dustry. T G I kiow that if' I"Wart 46 buy & barrel of flour or a very large sack: of flour I can buy.it cheaper than I canbuy a ten or Twenty-five pound sack. My storekeeper can do the same thing in buying merchandise. . Thave heard:my husband talk aften which I have found out enable me - enough on the question of small profits'and rapid turnover to know that it isn’t the dealer who makes the long profit that gets ahead but - the one who makes the small profit ahe Ameriéan Associstion of Advertising Ag_-uu-.) WATCH THE PIONEER FOR CHRISTMAS ANNOUNCEMENTS and turns his capital over-and over. But this is not the only benefit I get in buying from: a-storekeeper. who sells his customers goods which are ~ . AWeed M L ue for my money. MIy choice tis alg ad\'r{i:]rtised(.i The good(si 'II fbuly' %re i e blef Cornell—thenum-" ' : ways the one where 1 am sure to ge fresher and newer and T feel that There are two remarkable facts about Cornell—the num- the advertised goods I ask for an 4 bdbaade manw of them haye: been advertised for years they are more dependable. £ - We'have a booklet, *165 Uses for Cornell-Wood- .‘ .~ vertised goods because experience For h C pe i O e & bookle, 163 Ukerffg Coruel ) < . yert ¢ : : _ For how could people ‘continue R of the mamy wses. Youll thisk of others. Just write ; as taught me 1 oney theré: ¢, yuythemif they were not?. And o S A ' eall or phone fona copy—it’s yours for the asking. . 2 hanior i t