The Bismarck Tribune Newspaper, February 14, 1931, Page 2

BRN aa ee 1 ee FaTOcAsPOmPoooO tr he nrwreAo vam webcteteaneng ss [LARGE NUMBER NUMBER LOST FORTUNES BUT FEW ‘MADE GREAT PROFIT Inflated Paper Values Were Ex- ploded but No Actual Money Was Lost CASH DISTRIBUTION LARGE Over $1,000,000,000 in Interest and Dividends Paid on Investments By FREDERIC J, HASKIN Washington, D. C.. Feb. 14.-(7)-~ Although 1930 stands out on the American calendar as a year of al- most unprecedented depression, with widespread unemployment, crop fail- ures and gencral distress, neverthe- less it was the greatest year in our history for profit-taking. Millions of people lost money. but money doés not disappear in quick- sands or fire; it remains in existence and somebody gets it. Inflated pa- per values were exploded and no ac- tual money was lost thereby. The losses were losses of expectations, rather than of realities. But, in ad- dition, hundreds of millions in real money actually did change hands to the loss of many and the profit of seme few. The 1930 year of hard times was a year of immense profit to those who were in the way of making a for- tune at the flood. The stock market crash came in October of 1929. Factories closed, stores were forced out of business, capitalists committed suicide, and thousands of persons who had been spending their days staring at brok- ers’ quotation boards and at ticker tape went back to work disconsolate- ly. By Christmas, the nation was in a slough of despond. Yet in January, 1930, when the bread lines were forming in the large cities, the preatest distribution of cash in the form of interest and divi- dends in the entire history of the na- tion was made. It exceeded $1,000,- 000,000. In September of 1929, the last month of the long bull market and the trade boom, cash distributions had amounted to $480,000,000. From that time onward through the year the monthly payments of profits did not once fall as low as they had in the last boom month, until the very end of the twelvemonth. In August of 1930, such payments dropped down to $430,000,000, but in September, the anniversary of the end of the bull market and the industrial boom which had been building on itself since re- covery from the 1920-21 depression, they sprang back to above half a bil- lion. Collect Rent on Money In July of 1930, a record for that half-year mark had been made, Al- though the country was sizzling un- der the drought and millions were aut of work, prices falling and business concerns going under, banks failing snd bankruptcies showing up on ev- ery hand, approximately $930,000,000 was distributed in interest and divi- cends to the fortunate possessors of the evidences of indebtedness which called for payments. The January payments, just over a billion, and the July payments, just under a billion, ‘were the largest ever made. The other months were good, too. There were distributions of $500,000,000, of $600,000,000, of $700,000,000, and $800,- 000,000. The monthly average of interest ‘and dividend payments in the boom year of 1929 was under $300,000,000. In the deoressed year of 1930 this av- erage mounted to above half a bil- luon. No previous monthly average in the financial history of the nation | has ever been so great as that shown ia the despairing year of 1930. It must be borne in mind that ev- ery cent of these billions came to the recipients not as the result of imme- diate labor, but as profit on invest- ments, as the rent of money. The classification “dividends and inter- est” tells the story. This money has been backing up ip the banks all through the year. ‘There is so much of it lying idle that it has become an actual embarrass- ment to the banking institutions to which it has been handed for safe- keeping. Banks pay interest to de- positors. Rates as high as 4 per cent ere paid on savings accounts. What are known as time deposits draw large rates of interest and some banks allow a lower rate on open checking sethantes movies, match, and sends Pearl arou and, after many adventures, forces with him. Together suspect at sabe el Gras discover that the n told, blewing up as ns tera (Copyright, 1! ERE we seeing things again? As the full moon arose, the waters rippled milky white and the island, apparently, vanished. What phenom- enon of nature was this? Or were we suffering from an optical delusion—a mirage of the sea? T had been told of islands in the Pacific sinking out of Had this occurred to White Water or Phantom Isle? dazzling in its br sight. Right before our eyes? moon? mce of a ghost; She leaned closer. ther the moon rose, wider and more brilliant its ance, the more pronounced the stinctivel; The of the ocean. I decided, suddenly. theless, I swooped downward. glowed like phosphorescence. “The chances are that, at certain and, nate t but each time they are defeated by an tery ne, the cass OF the Woman with ths" Gi oman with the rhe ver. He is told by Villatba. an outlaw, to staal er, ray from the Ze} eet fe the Lfverlgrnd Isle. There, J: “Phantom Isle is right!” whispered Pearl, in hollow tones, as if she felt and, in- dense became the milky whiteness “I'm going to land,” Pearl shuddered and gritted her teeth, She was in the throes of vague anticipations of misfortune and I was not unaffected. Never- The moment we struck water we were enveloped in foam. which T strained my ears. Unmistakably cams the whir of a steel propeller {, of that, a foreign chug- Stone, an airmail pilot whe made the See rior with Pear Dare Her % pablo bd oe Chace I at Tile haa, i Her father of the ina striking: a $i 1d thi Id in a Zep} ein ee Jack follot ul me ae "mects Bert Hilt, another Bit, who joins | ordinary See a ae ites oy, wake many plams te reecee Feat tiendign beast tts nerve-tingtinn first that this ma; Silent Menace may be the Glass Eye, a fo fon Phantom ee lin, and joins Jack. opines at seems to L pear al the Silent Menace wil 929, by New York Graphic.) ightness, Had we imagined, too, that we had heard the baying of a dog as the twilight thickened prior to the rising of the jivers remored Pi Y island’s still there! i and I moved toward the so and _ 1m shifting-the Flamingo radiance. We discovered a ot serpentine patch of the sea whicl was almost as smooth as whit Painted glass. manoeuvered. As we did 0, th seemed nearer. nel through the reefs,” sai and I nodded, for we had We were now in shoal we. twined like reptiles around our ¢lothes as we pi Menace. ey ornton, whom Pearl’s father wants her to marry, or Mrs. Richards Pearl's chaperen. |e While in Manila, Jack - local ves ae ot ngs a shot into our spines, eat a@ monster hound that must but, at least, we know the jbout, our focus swung out of the b blinding Into this Fo w baying of the dog grew louder and “Weve stumbled on 8 yoy chan- ~ and, odors of man-devouring Plants and poisonous vines which e trunks of trees and —t against I warned bays rent the air, It det gas} r tari a 4 collar” te seagons. @ strange, uncharted cur- ron ent, strongly chemical, invades thi Prosenlly, our pontoons | scraped Shs fell oh er knees and touched area” T said, and this turned oUt Using a torch, fsaw we could wade s,Curious Jeweled collar with a gold to be true. ashore, We’ did so. Continuing tne ‘Keyi" sho cried’ “The chan Nearing the Well yt ae ge Pieg Key!” . pis a cano} eee ‘The moon rea) red and lig! Jeaning forward, in a listening ati our way through the ghastly fine HopneFuced Harry trom sehen = aeeeanecveusly. shade. ‘The air was heavy with fitted in the jock Ti another’ mos ds and were staring stupidly stammered, Pearl, as if Where Money Is Invested Government bonds and the obliga- tions of great and firmly established private corporations both here and abroad are favored. Timid capital, the result of the tremendous distri- butions of 1930, will not take a chance. During 1930 more than a billion dollars—$1,085,613,214 to be precise— was invested in the securities of for- eign governments and corporations. This was 30 per cent more than was invested in this type of securities in the prosperous year 1929. This bil- lion was new money and was invested | in addition to unusually heavy re- funding operations. Refunding con- sists of the re-purchase of fresh is- sues of bonds to take the place of those which have matured. Less of this money than usual went to Europe and more was kept on the American continent. frovinces borrowed to the extent of $91,052,000 in the United States in} 1930 and Canadian corporations to the extent of $31,540,000. Latin American loans offered in the United States aggregated $237,112,000. sue bonds by citizens of the United States are nearly always Public utilities, some having govern: ment. guarantee back of them. Sub- ject to governmental regulation and exploiting rich natural resources or enjoying monopolies such companies off- firm sone: which attracts the most timid investor, So it is that the United States pre- sents the most amazing economic con- trasts. On the curbstone outside the pees which is troubled because it cannot find enough safe invesements is a coatless and hungry man, out Of 8 1) anh See ee a hapless existence by selling apples. SUSPENDED SENTENCE GIVEN TO CROSBY MAN { $2,000 Bond Before Driving i a Car in the Future ‘eines moan wins oie en .® suspended sentence of six in the county jail, and or- pay costs of the prosecu- more than $400, om 2 oe : int taxieated: He coer eee charged iti’ of a car pd te Sam | It amended was driving atier | although suffering from obesity as! The Canadian | ‘The private corporations which is- |*° (Ray Murray Ordered to Post! H. B. 283—Hamilton of Nelson: Re- duces salary of grain storage com- {missioner from $3,500 to $3,000. | H. B. 284—Van Berkom of Divide and Burns of Ward: Requires any {governing board refusing to grant Permit for public dances to state in {writing reasons for refusal and appli- |cant has right to appeal to district |court, which shall decide issuance of ‘question. Also extends such dance |permit to one year, instead of six | months. Bills Passed By House H. B. 65—Baseflug of Stark: Ap- |Propriates $7,000 to buy section of |land to lease to federal government for use in connection with experiment station at Dickinson. H. B. 55—Appropriations commit- | tee: Appropriates, $341,085 for Minot State Teachers’ college. H. B. 58—Appropriations commit- jtee: Appropriates $195.99¢ for May- ville State Teachers’ college. | H. B. 180—Cox of Burleigh: Per- mits qualified receiver of, insolvent foreign coporations to receive real |property in state and validates all ceeds given by receiver prior to this t H. B. 148—Svingen of Bottineau and Crockett of Cavalier: Provides for establishment of industry to man- ufacture coffins at state penitentiary. H. B. 147—Pfenning of Morton and Bishop of Stark: Provides for pen- alty for violations of state regulations governing undertakers. H. B. 223—Wigen of Adams: Re- peals law recognizing marriages per- formed under Indian custom and law as legal. Bills Passed By Senate S. B. 95—Imposes tax on gross re- ceipts of express companies. 8. B. 112—Fixes school year of sev- en months, and provides for discon- tinuance of school where attendance less than four for 10 consecutive days. S. B. 162—Provides for filing by ministers of their credentials before being authorized to perform mar- tiage ceremonies. 8. B. 190—Operation or attempt to operate any automatic vending ma- ro airplanes in addition to the | temporarily bereft of her ‘reason. Fismingo:" I aeid, the ‘Flamingo heme Sole Der Hands and {8c0, “Have you ever noticed that ‘irs being ours, And I ejaculated: “The minable climb, we panted to the "shards never wears short sleeves? Tropical Vulture! ‘That mystery cone of the hill, “There, ina clear- parnCurinne® Observed her arms, plane which spied on me over Ma- ing overgrown with venomous Particularly.” nila Bay! The other could be the was an old, man-made stone well. “You never had a chance, I, who Albatross.” This was the name of ‘ *" have occu; the same stat the flying boat loaned to Bert. “Bert A Dog Collar With with her for weeks, have not seen told me he had a lead to Manila The Golden Key them above the elbow. But once I Pete, you know.” i ee her left upper arm sh the er no further sounds from +, aR Gee ise 3 oa a disphancus a Strange as it Fy tated Pes, AREY nad PrOob- We had found the ‘Well pont ain rent, or she ae tried to mires the ‘hick milky Barking Dog! inco- curtain, using our sea glasses. No It was a huge, gaunt mastiff with Kerenliy ante achat tf ‘I saw - result. A cloud gradually dimmed an enormous head and eyes which way between se i anes air glare aad, finally, nae like raepegokr shoslder and te elbow. If it wasn’t lot out altogeth iS was to spring, for it had that, she a s Kid st was magical. oe cae our. sent. wie birhmar perhaps: whiteness was even more accentu- “Down!” 1 said to Pearl, ant of ated in the complete darkness. The both ropes flat just in ged ithe singed as yet pre ee island was as invisible 2s before. giant brute sailed through the air volar | into {ts ‘hotster, ‘and. with re baying of the dog ‘we. had fe was back of us In a t Would, be,-posk eo your eerle ing ie dog we was on ching in nee heard at the moment of moonrise. this time crouching ee youd are = the speculator can readily obtain {loahs. The banks are extremely cau- | F tot and in poms of cent | LEGISLATIVE CALENDAR tunes are slow to put their money in \ anything which has not been favored 7 with gilt edging of many years’ trial. House Bills Introduced ~ |chine, telephone, slot machine by means of sluge constitutes a mis- demeanor. 8. B. 149—Provides that fees col- lected by state register for recording marriage licenses be turned into gen- eral fund. 8. B. 146—Requires filing of con- tracts on sale of real estate when such contract creates. lien on or re- serves title to crops to be grown on certain lands. 8. B. 131—Legalizes execution and acknowledgement of certain deeds, mortgages, and other instruments in writing. 8. B, 181—Authorizes juvenile court to commit to feeble-minded institu- tion any feeble-minded, dependent, neglected or delinquent child. 8. B. 69—Establishes. standardized system of potato grading. ee a han ys into my gunfire. Not fa nee ip Ai nad So cur set, pet She, Pointed ex. fp gerky, HLET : al, aye E ¢ H a8 SE iB ig, 3 SEF a E ei alll if a sp. P. #8 Beli 3 3 3 Ef ES 8 is z a 4 : = FF Abruptly on our ears rose the eerie baying of the dog we had heard at the moment of Hi Setes oe 4 a5 in ate Ay et Hl el E TRINITY LUTHERAN e A at Fourth opte ‘B Rindahi, Pastor. Churett School at 8:45 8. Siorning “Worship at i1:00 a. m., ectal_ music, Evening Service at 1:30, 2m ‘Trustees Monday at 7 Lenten service "weaneeasy Mat 7:30 ST..GEORGE'S CHURCH (Bp! "Thayer Ave. iscopal and Third St. David Pierce Jones. Rector! Rev. Da’ 8. B. 126—Exempts from taxation Buntey-—-Quinguagsalma: Mroperty of Indians who are wards of | ,°. & federal government. Bills Killed By Senate 8. B. 163—Requires gas companies operating pipe lines to establish re- serve tanks. 8. B. 164—Requires power com- panies to rebate to-consumers fot failure to. furnish continuous service. 8. B. 172—Transfers $300,000 from pate soldiers’ fund to general | 55 fun 8. B. 160—Reestablishes capitol punishment for first degree murder. |! Bills Killed in House 8. B. 29—Required two years col- lege education of an applicant before being eligible to receive license to Practice any healing art. Bills Killed in Committees H. B..224—Raised optometrist’s li- cense fee from $5 to $17. H. B. 257—Raised salary of peni- tentiary and state training school|t field officer from $1,200 to $1,500. H. B. 244—Reduced salary of state game and fish commission from $3,600 to $2,400. H. B, 76—Provided for state recog- nition of Naturopathy as a healing art and licensing same. the: H. B. 144— Appropriated $500 for Fort Abercrombie state park. the state ,had investigated the case and found’ that the circumstances surrounding the case indicated that there was no intent of larceny. The costs in the case resulted from expense incurred through’ numerous telegrams sent to officials in Dakota and Montana, radio = casts, court fees, mileage paid to of- ficers sent to Crosby to return the jeeeused and $100 indemnity paid to eA bhgiade of the car. H rt: suspended the sentence, Pes ao the recommendation of the State's vo are pes etaaes cou that if Mur- | Pi er to drive a car at any time | chiring the next two yeats, he must | i | H H i (Grim ve ad i - Williston, N. D., Feb. 14—Ma- thilda Burgard, two-year-old in- fant, lay on the ground whiling away the time in childish play ‘when a fat hog approached, snuf- Sing, iy curiosity with“ churlish Frightened beyond all control, Mathilds shreiked her terror ‘and could not be quieted. While efforts to calin proved tutiln, Nal “conte ne Post @ $2,000 bond with the state mo- ‘or yehicle df tas 8 guaranty. aged until » the life frons her fi Tragedy Results||" | From Hog’s g’s Curiosity ‘mol Ash ednesday, Fi 19:00 Holy will gi ol; the sranerehe. De Sp. Communion, soMorning Prayer and ser- ‘ebruary 18th: Communion. iter Lenten service and sermon. FIRST LUTHERAN CHURCH ev. E. Benzon, Pasto (Sunday school and Bible '< 330 a, m. jorning service: be i. ae . F. Schafer in gi 34 e a ars her’ trip to ue Scand. one her Shoei \y a8 pret creau. mead silden depict- ed. A cordial the pla: a ust invitation f oxlonds: tended to the public, URCH RCH OF CHRIST, FIRST Onestentis uy i r Bundny” sc school at 9:45 a. evening meeting ae oc! rth Street, |Togat holidays, from ia to aL Ey. thens “eer services | nd int BOE 2:68 A reading room, eo reading root jock. is ope: ‘maintained at 119 in Pay excel welcol to vil EVANGELICAL CHURCH Corner Seventh ‘and Rosser Ave. deere Pica pe ‘Worship. service. me, “Loyalt super- The mpecied selection by the cholt, tion Fr ser hristi: Endeavor. Topic, Danae i Impited in ‘The Church As ir vening Worship service. B ifigh Cost of Bin: by the. pe vice. (Pras i:0—cholr practice. Saturday: '9:30-—Catechism to 15—Advanced Cat ZION EVANGELICAL, LUTHERAN OMissour! clas “419 ourth Bureet there 1380: i Vatate Penitontiar: . in—Btate Pen 80 m; mocsunday Bohool Ail clasn- f, itlas Hilla. Brolio, att ee ing service. (Engl. tien Publi ihe hls vicewill ” ig Ba cnet obnerv vanes ‘of Natior Lutheran Phaetty "week, held-from February Ath to 18th, ' tor will speak’ at to the root of blocked, m: | 1930 Greatest. Year for Profit- Taking i in History Despite You claimed is the Silent Menace? sh the eve xa he And he Eat Golden able blood oath of allegian ue, were in the Dare to Rsten in on Menace ao "3 Bilent destroy thi . Was that 8 1 Ser fool!” fi! then?” clenched, to | me la A shrugsin. fi ie vai one. ving an: “Fi aati SH et ; is no Iba.” would age ve me do?” Hay a9 fay tne unbreak ance.” never dreamed of such @ if Ido bare Tt questioned, in stark magenta «OU, Wil, of cour, cease to per- ite the senorita—’ “Before I could make @ move or the 1 ani moonrise iin Sermon, “The Discipleship of ip.” a avery Thureday evening at | 9:00 clock, T., the Lutheran Hour over the Columbia Brondcasting eye: tem, sponsored by the Lutheran Lay- men’s League of the Missouri Luth- eran Church, GOSPEL TABERNACLE OF |ARCK (Pentecostal-tvangelical) Bleventh Sivest and Messer Ave. Marvin C. Miller, Pastor Services for the coming week as follows: Sunday, February 15th— Sunday School at 1:45 p. Afternoon service at 3 o'clock, to be broadeat Eysning serv ‘Where Are ‘the 1 ‘Deni Tuesday, February 17th— Evening service at “The Covered Wagon.” I Wednesday, February 18th— Evening ‘service at 1:45. Praise Thursday, February 19th— Fellowship meeting at 7:45 p. m. Friday, February 20th— Question Night, at 7:45—Questions received in regard to the Bible during the week will be answered at this service, The large Tabernacle orchestra will assist in song services. Everybody is welcome, M’CABE METHODIST EPISCOPAL ‘Walter F. ater, Pastor. Morning Wors! Organ Prelude, “X Mountain Tay1” Rey, Fred Kei: 5 our, in charge fy ae cared let Wa aibuen. Drs rit Ning. wervicke- *(Bng-|side-of the Cup” nis aie” iva fahminki—Miss Ruth Rowley, Organ- fed “Praise The Lord.”—Ram- fan Dttortory, “Hymn of Nuns,” —Lefebure—w' Anthem, “=the Voice of Calm: Pom Wile Oe eae eurne of Self-Indulg- '—Walter E. Vater, "Staan Prelude, ‘anfare.”——Dubois, Sunday School 12:60 noon. (Classes for all ages.) Junior pom. Mra. FA. rea ace Evoning Wore! nee relude, Anthem, “Rock of Organ Oftertory, Bai Solo Ages:"—Wilson. ‘ox Celest« of the Tem- “Open The Gates i ticnappy— We a Noa “The uae Verd' aergager, Ser Service Wednesday stale FIRST BAPTIST CHURCH Corner Fourth St,.and ellie L, Jackson, Pastor, 2 urch School for ail ages, ‘The Quain Young 12 a ts at te nee & m. Morning Worship.» Blaniat, Mina Bather Wilson er jude ‘he Lost Chon ig qsullt- sn) Anthem, “The Morning ti rh Breaking.” (Ira Be Wilson} s—-Be the church choir under the a tion of Mrs, Clarence Gunn Offertory, “Chimes.” (Glen ‘Titton), Sermon—The sermon this morning will be a Misslonary address by our guest. speaker, Rev. G. eis, who fas ae muisslo japtist Convention over 30 years, 2H _Antermedinte Bes. vu. t the church. 1:40; The wvenine Bervive, A triend- ly service with music by the church orchestra under the direction of Sir. Sermon by Rev. Jacobsor |} Monday night st #36, Babies ing at the church with ‘address by Rev. G, J. G “Pioneering Among Kabbins.” |. H, Gamble of Grant peter ‘egidin Nia Public meeting with nddrees yy Dr. Volnrichs of Chi Sa Wisit to the ‘nadie of the Racer: 4 Tay. ‘Durkin of | 20: Class and the Evarts Adult| to add ene. Rey. Erling Monness presid- - LOBBYISTS BARRED FROM HOUSE FLOOR Depression BY MONTANA BODY Visitors Are Warned to Keep Si. lence or Be Ord Fromm’. Chainber’ Too ne Helena, Mont, t. Pebc: 18.—(#)—Leb- byists were barred. vA floor of the Montang is in session, and were fo approach members fh eesti or tot in_sesaion or not In addition to this move, proposed by McCormack of Flathead, and..30 other members, the visitors that unless quiet was msin-. tained they also would be barred from. the house floor. ‘The house memorial asking con- gress to cash adjusted compensation certificates for war veterans was re~ ported without recommendation and Placed before the senate committee of the whole. Among the new proposals in the the -- a Ses senate is a memorial approving afed- ‘” eral senate resolution designated to Stabilize silver. ‘The senate received seyen new bills, * while the house total amounted to’ 350. Among the house bills was a pro- ~ posal suggested by the attorney-geri- -* eral that an oil refinery be established at the state prison. The bill carries ~ an appropriation of $50,000. Others - ‘would limit agency fees for employ- ment of teachers to one per cent of the annual salary, permit the’ state °” to carry its own fire insurance, amend the farm storage law, ang permit city treasurers to register au! biles where the city collects its own taxes. Twenty bills were returned te the house by its committees, eight .of ‘them without approval and several RE amended. Among them was the Fert = Benton memorial, which provides that © the appropriation may be made not- withstanding the budget act, and thus * by a bare majority. The bill raising qualifications of. teachers in public schools was amended to limit teaching oaitions, 3 FLORISTS 10 GIVE . 32 GASH AWARDS ° Over $9,000 Will Be Presented Children Who Win National Flower Contest Thirty-two cash prizes will be awarded to students in the sede Be: iG kota schools who are throughout the United States by the < Society of American Florists, ors of the contest. 5 The prizes will be presented to --» youngsters submitting the neatest, most correct answers to the five puz- zie problems built around some of the best known flowers. prize in the national contest First will be $1.000 in gold; second prize these ‘thre i i friends in Bismarck ap opport y to | $500 in gold, and third prize $260 in hear these outstanding speakers. A/gold. The winners will. be De, celected cordial welcome to all FIRST PRESBYTERIAN ‘Thayer and Second Floyd EB. Logee, Minister. BPR E20 Service: broadcast 'a: tiny Bible’ School— Weginnces® Department. Primary Department. Junior Department. Intermediate Department, Senior Department. hea a. -m, ning worship—De- votion to Our Unfinished ‘Task. Musical Service: Organ Prelude— Ombres, du Solr (DeLaunay)— Grace Duryee Morris. Special music—Mrs. Wingreene, Mrs, Bavendick, Mr. Humphr. Offertory—A ‘Shepherd's ‘Taie—Ne- Yocal Solo—Miss Phyllis Wolverton. Organ Postlude—Impromptu—(afil- 6:30 Rar Pioneer Society—“Inter- mediates and Play”—Tuxis Society —"Business: Culture.” 7:80 p, m, Evening Worship—“Amuse- t# and The Kingdom of God.” e: Organ , Prelude— Nocturne — (Frysinger) — Grace Duryee Morris. Special Mysic. Offertory—Tristesse—(Reibkoft). Organ Postlude--Notre Dame ‘de Consolation (Silver). 8:30 pv. Byes People's Fellow- ship H ra: \- wie ‘tho a wer service, Wednes © cordially wel Our service PAUP <7 20-00 SOUTH DAKOTA TAX. |=: over BILL BEFORE BODY |= House of Representatives Makes Ready to Vote on ‘Replace- ment Tax’ Measure from among those winning thé state contests. Pl iM ce Me a a eg i Te a seygeonrana Plerre, 8. D, Feb; 14—(}—The| ment ne [slate income tax bill, one of controversial measures pie “ the South Dakota legislature, was on the | Jesu house calendar for action ed Presence of an emi icy clause, reeaad added to the bill, is expected fuel to arguments Priel the Proposal. If the measure is passed hy its present form, it would geevent ® possible referendum, unless emergency clause pti not upheld oy the supreme court. FSeo Sdet>upyoescecs =a FF yee oF 4 Weegee