The Bismarck Tribune Newspaper, January 4, 1924, Page 2

PAGE TWO SIGNS POINT | TOPROSPERITY IN NEW YEAR Leaders in Business Optim- istic Over Future—Urge Mellon Plan FOR COOLIDGE Schwab Says President Has Voiced Opinion of Amer- ican People New York, J ‘ield of busi United States ) a prospero d cautious buyir confid « the coun Sphwab ghwab, indieatic serted Charles M nnirman of the board of the Beth hem Steel Corporation, “I wor point out the fact that our corpe tion is spending $25,000,000 to fect its facilit for turning steel and steel products at the low ut our Lackawan out est possible prices plants in Buf Business me should t by the soundn pressed by P initial message to the countr fecl the president, to a remarkable degrec, has voiced the opinion of the American people and that Cong cannot disregard his suggestions. “Bysiness may be hampered at times, but the driving force, the com mon sense and the initiative of the American people will, in the end, overcome any and ail obstacles and we are bound to proceed on our pros perous way While ¢ that the oil the belief “no other industry holds quite amount of unce inty that the business does, for the reason that no one can foretell for any long period ahead the course of duction,” W. C. Teagle, president of the Standard Oil Company < Jersey, tak somewhat optimistic view of the outlook for 1924. “Throughout 1 Mr, Teagle said, “the volume of business has been good, but much of it at pric that allowed no profit to the produc er, refiner or marketer unless the latter happened to be a jobber with no liabilities either as a producer of srude or a refiner.” Banner Year “Nineteen twenty-four should be 2 banner year for the petroleum in- justry,” declared chairman of the Si pressing ir, ed Oil Corporatic produ petroleum pro-| New | THE BISMARCK TRIBUNE go FRIDAY, JANUARY 4, 1924 7 Consequently, business should be good and in satisfactory volume.” | Mr. Kruttschnitt said also that railroads are in a position to render better service next year because their } equ'pment and property is in better condition, that the relations between employes and employers are better | than, for many *years, and that the relations of the railroads to the pub- lic, “are more harmonious and co- operative than they have ever been,” | The year 1923 was an exceediagly | interesting period in the copper me- 1 situation in the opinion of Char- 3 Hayden, of Hayden, Stone & Co., dan officer and director in many of the larger copper companies. . | BURDEN SHIFT & IN TAXES IS yright by Harris Ewing THOMAS W. MILLER Alien Property Custodian re been past few one of a hich included Col. of Delaw though still ir an over-s e Ame (i atl r about its establishment in the Unit Sin the affairs of the Republican party. Mellon's for taxes,” » the last two fields have been brought to their y Any two of 1 “Secretary years eight major tr. reduction of discovere of said, “is one a i nsible things that the bu indust > , interests of the country have had be exceeded the imme- fore them for years. The tthe tide began to’ beneficial to rand. consumption qt will direct would morali r injurious to none exceed production this time to far ahe&d,* de- S um, Jr, pres General Motors Corpora T cannot see any why 1924 shovld tory busi- any rea s not a forec Alfre the easy at is an insurance nst unemploy. ent. It will bring greater pro: ity to the farmer, to the labore the railroad ms to the banker, In us all.” Expres railro clared dent ti undamentgal re not be ng the opinion that have justed thi irly well to live under the tation Act,” Julius Kruttse! irman of the exe of the Southern Pacifie I clared that “if by mi ng with it the polit destroy the progress already and do net enact other laws re ing new yadjustments by the roads, we believ railroad problem will ha before the end of 192: “While it is ea to mates on the crops which are contingent on that prevail until 4 Kruttschnitt sons why an excced Jingly good “There ment,” M | pe my judg- hat would ¢ than a genetal | recognition on the part of both y |ties of Seerctary Mellon's propa | for reductions, [ do not thi jany other single thing would inspire much confidence uch be mo uctive lc, tax do as ‘ | to stabilize business in this cour and it rebound to the | Prospe | “Tal all in all, I us to the outlook for 1924, but ve that caution should be e cised and especially large ente should watch their position eareful- ly. Probably that pertains at but I believe it | plies to the fortheon Prosperity for 1924 ; y Mellon's tax as or e been s would surely make | optimis- ti bel cond actual ves added, | believe favorable and good crops ly be expected in 1924. control | : at furn th , preside Bankers John W. Prent | Investment in inion of m, t of the tions, but unless they get very -much iutior of! worse our farmers may hope prices substantially as now prevail Assoc ‘They Help'You Make Every Meal Different — You may give to breakfast, to luncheon and to dinner, day afterday, distinct and pleasing touches of individuality by freely using Sealdsweet , — Dlorida Grapefruit In their natural form, may be served in many appetizing * ways. The ideal hase for salads, combining nicely with other ‘ materials. In they are equal! ‘Ale your fruit ‘dealet for Sealdsweet Oranges gad grapefruit, and insist on having them in the sanitary tissue- Peper virappers in gookery and'confcctions, and for decorations, ly useful. o . For gift copy of book “Home Uses for Juices of Sealdsweet Oranges and Grapefruit”: write Florida Citrus Ex- change, 815 Citrus Exchange Biild- ing, Tampa, Florida, which they are the Prentiss the most progressive! <|# 100 percent class, and we 4 ess plan i8| property from taxation. flow of capital from dead ifvestments to live industry, It -[othér result was that in many local- per- , to to the doctor and} short, it will help ative committee ilroad, de- ievous t.nk- s do not '-| of people who lived in the cities and | that the end of the| en] esti-} of 1924, many of | ns| should be ta ) we} that conditions are new gen- kets is limited by existing condi-| for TOLD ROTARY ] Commissioner, Speaks Be- fore Organization at Jamestown AN INCREASE”, amestown, N. D. —The tay- s of the last legislature, while have caused inereases on some taxpayers have reduced taxes for others, the intention of the le ture being to more equitably spread the burden of tion, State Tax Commissioner C. Converse told he Rotary club here yesterday. T on farm lands were reduced pro- | id. i je portionately, he | presume some of you have re-| \ d your statement of 1923 taxes} |and some of you may have> noticed | H re higher than the suid.} e found your | word | ith were your taxes in with the reason for this differeyce. | “You of course all know that un- ‘til the recent. session, of the legisla- ;ture changed the law, we had in ef- fect a system of classification of property into a 50 percent class and o had | a somewhat elaborate sy$tem of ex- -emptions and partial exemptions of The result) -| of the entire arrangement was tha an extreme rge percentage of the burden was borne by real estate. An- | ities there were substantial ~num- bersgof citizens who were making noj| direct contribution to the expensé of maintaining the government. While some were thus being denied} the privilege of contributing to the ‘support of government, other classes |were having their property all but) confiscated by the tax burden, The situation was most inequitable in those school districts Which contain-| led both city property and ajso farm| land. The owners of farm land were} »fhaintaining schools for the benefit! villages in such districts. \ Legislators Agreed “There great uhanimity of} opinion among the members of the| legislature to the effect that it was, a sound principle that all property d that all citizens should pay taxes in proportion to their property holdings, and it was considered also that a man would be better citizen if he paid some ta There were in nearly all citi a certain number of citizens, some of them drawing good salaries, who ‘were paying no direct taxes. Mem-- bers of the legislature entert. the view that they would be better tizens if they/ paid some taxes, and |. that if their taxes increased in pro- wil (SEALDHE VE) ‘rida Grapeftuil 2. 4 ee) Fo Citrus Excha Sealdheart : Grapefruit ' (IN CANS) The inner, meat of Seald- sweet grapefruit, separated from the outer membranes and rind, before canning. Ready to serve—chill before using. Eat as you would fresh grapefruit. Add a bit of sugar or salt if you like. Ask your ~ grocer for Sealdheart when- ever you are unable fo secure fresh Sealdswéet grapefruit or prefer th€ goods in cans., tA Converse, State Tax |B (Copyright by Harris & COL, THEODORE ROO: sistant Secretary of the N © son and namesake of the lage Pres a substantial record for himgel@ at the nation years that he has served as ry of the the disarmament conte! ed by Presi H Roosevelt was one of the leading figures in the con led to the reduction of rmament by the great nations of world. He served as Acti ecretary of the Navy when Seep enby was in Japan to promote friendly retw etween that couns ip hi a ak y tions between that coun: during the three But I believe those fore not been cont maintenance of our and to other expenses will be fair enough to ¥ ze that it should he considerc dwellings paid more taxes than| not-only a duty privileg those who occupied their own ho, nship to ‘be proportion The result was that rents were ab-| of the expense ¢ 1ining those normally high for just the class of| institutions which typically people who were not able to own) Amer institutions and without their own hor If your taxes on| which America would not be Amer ty property are higher than last} North Dakota would not be the s year, the chances are that if you|which it is, and those who may will study the situation you will find| now a little reluctant about p that in your case that heretofore| their taxes tvould not care to live someone else has been paying not on-| where they now live.” hare but a portion of your| = share of the burden of supporting ny the government and saucating og) TIME GRANTED children of the community. And if| ) e substantially lower than they have been heretofore, you | will not be sufficiently concerned to | investigate the reason. So for your! © Grand Fork benefit I may that the chances! rant, straffic are that the reason for the change/ Forks Commercial club, received no- is that formerly you were paying| tice from the Interstate Commerce more than your fair proportion of| Commission that the time for filing the cost of maintaining gov€rnment| exceptions to the examiner's report and edueating the children of the! in the Fargo rate community and that now all geod! tended to Februa citizens are required to get under| previously set in this matter the load and each put a shoulder to| January 15. the wheel. | The ease deals with the placing of Taxes Too High Grand For “argo and other North “Taxes are too high for everyone.| Dakota cities on a basis @f railroad portion public expenditures j creased they would be in better pes ion to vote intelligently upon pro- s to aythorize bond issues. nother inequitable result in that those who rented system governmental but a si » Jan. 4 A. Dur anager for the Grand FOR EXCEPTIONS IN RATE CASE | rate equality with Minneapolis, Du- | luth, and other Minnesota trade cen- ters, by the elimination of discrim- itory rates | A. C> Wilken, special examiner, made a tentative report to the Inter- state Commerce Commission early in December. ‘In that report, he held that North Dakota cities should ba entitled to rates from Chicago and leastern points on the same relati jbasis as the Twin Cities | contended that rates from North Da- kota points into Montana shoul no higher than those from the Cities. APPOINTED ON BOARD E. W. Windsor of Fargo has been reappointed a member of the state board of chiropractic examiners, for { | | | | \ | 'MODERNISTS | He also | a term ending Jan. 1, 1929, the re- appointment being made by Gov. Nestos. 9 * ARE DEFIANT New York, Jan. 4.—The contro- versy between Modernists and Fun damentalists today broke out afresh, this time in the Baptist denomina- tion, when the Baptist Fundamental- ist League of Greater New York is- sued a long statement declaring thar northern Baptists, would be satisfied with nothing less than a thorough vestigation of the whole foreign onary situation by men of un- ioned orthodoxy. n quest When Good Cooks , Get Together Navy. During | They tell each other how good Swift's Pre- mium Oleomargarine is—what flaky pie crusts, what rich cake it makes. So its use spreads to new enthusiasts daily. . Swift’s Premium Oleomargarine is made of pure, sweet, U. S. Government inspected’ products from American farms, | in twelve modern, sanitary factories. j , Shipped daily in our refrigerator cars with all its original goodness." Swift's Premium Gleomargarine is not touched by handsin manufacture or packing. Use it on the table, too. A worth-while saving on every pound. Order a carton today. Swift & Company, U. S. A. Manufacturers of date \ Advertising is the Sunlight | of Business ‘ ? To all that is healthy ‘and vital in business, it means increased strength and growth; but advertising is a fierce heat which withers and consumes that which is unsound. A business which is not a good business should not be advertised. A business which would not benefit from widespread apprecia- tion of its ideals had better acquire a new set of ideals.¢ + Published by The Bismarck Tribune, in co-operation with The American Association of Advertising Agencies 2