The Butler Weekly Times Newspaper, October 24, 1912, Page 8

{ the bank you Real Economy Y DEPOSITING your money in most practical economy. that when you have considerable money in your purse you are in- are practicing the Isn’tit true clined to purchase many things that are not necessary to life and often not necessary to pleasure? Deposite your income, then pay your grocer, butcher, rent and other bills by check. We do your book- keeping for you—relieve you of the worry and work of keeping track. Besides the bank account assures you of the safety “THE OLO enhances your credit. - Missouri State Bank of your funds and RELIABLE” PROFESSIONAL CARDS | DR. J. M. CHRISTY Diseas.s ot Women and Children a Specialty BUTLER - MISSOURI Office Phone 2 House Phone 10, DR. J. T. HULL Dentist Entrance same that leads to Stew- ard’s Studio. North side square Butler, Missouri DR. H. M, CANNON DENTIST Butler, Missouri East Side of the Square Phone No. 312, T. C. BOULWARE Physician & Surgeon Office North Side Square, Butler, Mo. Diseases of women and chil-| elite a 1 specialty. B, F. JETER, Attorney at Law = Notary Public East Side Square Phone 186 _BU TLER, MISSOURI | ORS. CRABTREE & CRABTREE Office in Gench Block. ’Phone No. 301. Dr. J. W. Cranrnes, | Dr RE, Crantren. Genera Practice. Internal Medicine Diseases of Children, and Surgery. Residence Phone 194, Residence ’Phone OAL. Each package, of PUTNAM FADELESS DYE colors more goods, brighter and faster colors mun lesa trouble, than any other ye. __| surprise to the undertakers, who had _ ington Rural Cemetery. Hair Grows After Death. New York, Oct. 6.—Although a| number of cases of the post-mortem growth of hair on the heads of corpses interred in graves have been report- | ed to men of science, one of the most | ‘remarkable discovered in recent} |years is that of a Long Island man of Huntington, Robert Seymour, whose body, after lying in the family vault ‘on Lloyd Neck for twenty-two years, was found on the opening of the cas- | |ket containing it to have grown a full | | beard several feet in length. The /man was seventy years old at the | | time of his death. The discovery came as a particular |known the man prior to his death, jand who were well aware that at the |time of his demise his chin was abso- \lutely smooth shaven, although he | wore a Kaiser Wilhelm mustache and | short side whiskers. The vault in which the body was |interred was on property which was | recently sold, and it was found neces- jsary to open the vault and remove the bodies in it toa plot in the Hunt- It was then the discovery was made | that the body in question had grown ‘a full beard extending downward be- yond the waist line. It Looks Like a Crime TO separate a boy from a box of} Bucklin’s Arnica Salve. His pimples, Rene scratches, knocks, sprains and bruises demand it, and its quick re- lief for burns, scalds or cuts is his right. Keep it handy for boys, also girls. Heals everything healable and does it quick. Unequaled for piles. | Only 25 cents at F. T. Clay’s. a bank account. pay, whether they always have the would be a pleas to farm to the best age. honest tiller of the Vir. Farmer HERE is not a farmer in the county who should not have If you have bills to your check will pay them and you name on our books. ing is your business. to handle money to the best advant- Banking is our business. Come in and we will talk over farming and banking and perhaps it will prove to our mutual benefit. in our bank are not too good for any soil. be large or small, right change. It ure to have your You know how advantage. Farm- We know how The best chairs THE BANK WHICH GIVES THE FARMER A DAILY LIVE STOCK MARKET REPORT. ‘ PEOPLES BANK | of property would be exempt. _ SINGLE TAX Discussion by Missouri’s Senior Senat- or, Hon. W. J. Stone Through the initiative and referen- dum a small per cent of the voters have been able to submit for the ap- proval of the people a constitutional amendment known as the single tax amendment, to be voted on at the November election. With due re- spect to those who espouse this pro- posal, I am bound to say I am unqual- ifiedly against it. The scheme to levy taxes on land alone, exempting all other species of property, is not altogether a new one in either theory or practice, although a successful at- tempt to apply it to the great and pop- ulous states of this Union and to the National Government itself, as logi- cally it is proposed to do, would be revolutionary ,in the extreme, and would introduce a momentous and startling change into our government- al, economic and social fabric. I will not today discuss the history or phi- losophy of this propaganda, but will confine myself to some practical sug- gestions relating to its effect if it should be adopted. As I understand the proposed amendment it is intended to wholly exempt from all forms of taxation levied for State, county and municipal purposes all kinds and descriptions of property except the following: 1. Real estate (land), minus allim- provements thereon. 2. The naked estimated value of |the franchise granted to any public | utility corporation. These two are to be made absolute- | ly taxable forever. 3. The amendment would also confer a discretionary power on the State Legislature to impose a tax on collateral inheritances. This would not be mandatory, as in the case of lands and franchises, but | discretional. On the other hand, what would be exempt from taxation—from all forms of taxation levied under the.authority of our laws—if this amendment should be written into the Constitution of the State? I may make a sweeping an- swer to that by saying that all proper- ty of every description, except that I have indicated, would be exempt; and not only tangible property, but in addition many other things that are now taxed. For example, improve- ments on lands; moneys; bonds; stocks; securities of all kinds; mer- chaudise; the products of manufac- ture; the products of mines; tangible personal property of every nature; incomes; the property of railroads, boats, street car lines, and telegraph jand telephone lines, except on their naked lands and on the naked esti- mated value of their franchises; banks; trust companies—in short, practically everything conceivable in the form In ad- part of the land, adding to its value. But this value is to be taken away from the land and put on the free list. In our towns and cities there are thousands of houses far more valu- able than the ground on which they stand, often costing large sums, even mounting to millions, to construct. All these improvements are tp be segregated, separated from the. land, and exempted. What the vast aggre- gate of all this would be I do not know; all I know is that in some way it would inevitably fall on the land- owners of the State. Just how this situation would be met and adjusted I cannot tell. The sum-total of taxa- tion would not be diminished by the adoption of this scheme. The gov- ernmental need, State and local, would not decrease. Destroy for taxable purposes several hundred millions represented in improvements on land, we know that land itself—land some- where—would have to take upon itself that loss and bear that burden. Men often lease plats of land for long periods and erect structures thereon of vastly more value than the grounds upon which they. stand. Exempt one of these costly structures from taxa- tion, separating it from the land, it certainly would not be contended that the value of the building should be added to the value of the land. It is easy to see how if that were done it might work by excessive taxation a practical confiscation of- the land. The complications and difficulties of the situation would compel the shift- ing of burdens from one property to another, and from one section of a city, county or State to another. To say nothing more of this measure, it must be apparent to every thought- ful, experienced man that its adop- tion would involve the State in inex- tricable confusion; and even if sus- ceptible of a practical application it would, all things considered, prob- ably increase the tax burden on land approximately 100 per cent, thereby depressing values enormously and stagnating the agricultural and horti- cultural industries of the State. Again, if this plan should be a good thing for Missouri, it should be equal- ly good for all the states and for the National Government. Indeed the FARA BA CAPITAL AND SURPLUS N K The Capital and Surplus of a bank represents the tangible protection which every depositor has for money entrusted to its care. -It is therefore apparent that a large Capital and Surplus Fund is an im- portant factor in the safety of a bank. The Farmers Bank of Bates Coun- ty has $50,000.00 Capital and $40,000.00 Surplus and Profits—Larg- est Surplus Fund of any bank in the county. Farm Loans | Abstracts | | Investments interest on time deposits. | W. F. DUVALL, President, Arthur Duvall, Treasurer. scheme, according to its sponsors, contemplates this ambitious and far- reaching development. Already this identical proposition is now pending before the electorate of Oregon, and only the other day, while campaign- ing in that State, I had occasion to discuss it there. Oregon and Mis- souri of all the States seem to have been selected by the promoters of this scheme as the most gullible—the most fruitful nesting places for the advocates of fads and wild experi- ments. I recently read an extract from a speech made at Chicago by one of the leaders of this movement in Missouri, in which he boasted that dition to exempting these tangible forms of property there would also be an end to taxation on saloon licenses, insurance licenses, mer- chants licenses, poll taxes, and so on, and so forth. The scheme is to make landalone bear substantially the entire burden of supporting the government of the State and the governments of all of its political subdivisions. What would be the effect of a law like that? Manifestly the first and most striking effect would be to enor- mously increase the burden of taxa- tion on the owners of land, which, in turn, would tend to decrease the value of their holdings. Let us see, in a general way, what the increased tax burden on landowners would amount to. According to the last published report of the State Auditor, that for 1910, the total of all State and county taxes collected that year (except the collateral inheritance tax, not includ- ed, and aggregating $480,000), amounted to $34,234,000. Of this sum $20,016,000 was derived from taxes collected on land assessments, including improvements thereon. The remaining $14,218,000 came from other sources, substantially the whole of which, under the pending propos- al, would escape taxation; and that sum would be added to the burden on land—amounting in itself to an in- crease of about 71 per cent. Bear in mind that this vast sum of thirty- covers only State and county taxes, five-sixths or more of which was for he and his colleagues had been chief- ly instrumental in promoting and se- curing the adoption of the initiative and referendum in this State, and that their activities in that behalf were in- spired by the hope and expectation of using that scheme to get this scheme into the law of the State. Thus does one exalted and disinter- ested reform tread fast upon the heels of another. In this day and genera- tion about all one has to do with some new fad is to brand it ‘‘Progressive,”’ turn it loose, and then sit in the grand stand and watch it go ’round the track and come in under the wire a winner. Don’t forget that the single tax prop- aganda has stamped on its broad side in big red letters the word ‘Pro- gressive.” Look out for that talis- manic sign; it is full of possibilities and probabilities. But what would happen if this principle, carried to its logical and contemplated conclusion, should be applied to the Federal Government by an amendment to the Federal Con- stitution? It would abolish tariff tax- ation and wipe all the customs houses off the map; and it would abolish taxes on corporations, all excise and income taxation, and all internal rev- enue taxation on whiskey, tobacco and-everything else. The thousand millions of dollars now expended for the maintenance of the general gov- ernment would be collected by some the lands of the country. In case of war the burden would be multiplied ~-DUVALL-PERCIVAL TRUST C0. CAPITAL and. SURPLUS, $100,000 FARMERS BANK BUILDING, BUTLER, MO. We have money to loan on real estate at a low rate of interest with privilege to pay at any time. We have a complete set of Abstract Books and will fur- nish abstracts to any real estate in Bates county and examine and perfect titles to same. We will loan your idle money for you, securing you reasonable interest on good “security. We pay J. B. DUVALL, Vice-President, W. D. Yates, Title Examiner. nature and should be as free as light and air. I have just been through the West where there are yet hun- dreds of thousands of acres of public land open to free settlement. I met hundreds of men—hardy pioneers— who had ventured into the Far West and there established beautiful and prosperous homes. Would you now tax these bold and enterprising men: and women, the builders of empire, to the point of confiscation? We all! know scores and hundreds of men— they are scattered over all the states— | who, by persistent industry, frugality and the exercise of sound judgment, have acquired a competence, which they have invested in lands they as- siduously cultivate. Would you de- stroy the value of what these people have earned? Would you drive them wall? Again, why should personal prop- erty be exempted from taxation? What is there sacred about money or; bonds or diamonds? Many a jeweler has more precious gems in his vaults than would be necessary to buy sev- eral of the best farms in Missouri; and many a capitalist has cash and securi- ties enough to buy an average county seat. They may not be the unfor- tunate possessors of real estate; but they need the protection of the gov- ernment all thesame. Shall the land- owners be required to furnish a city police force or a county constabulary and all the costly agencies of govern- bare suggestion is monstrous. Every man protected by agovernment should help-to support it. About the worst phase of this whole business is that it would divide our people on a vicious line into two classes—one class who would main- tain the government, and another class who would contribute nothing to its support. This would entail an unjust, even intolerable burden on the tax-paying class, and especially ‘so if the other equally and possibly still more numerous class should con- oheren evn aiynidon helpless and broken-hearted to the ment for the protection of a horde of} privileged drones? To my mind the ing that could occur more hurtful, more disastrous, to the public wel- fare. Of one thing I feel sure, that whenever any man is absolved from all liability to contribute to the sup- port of his government he will lose interest in the government. Not be- ing responsible for its maintenance the average man, not being a_politi- cian or office-seeker, will soon begin to lose interest in the integrity of governmental administration. To create a nontaxpaying class would tend to generate a spirit of indiffer- ence to public affairs. It would be destructive of patriotism. The Danger After Grip Lies often in a run-down system. Weakness, nervousness, lack of appe- tite, ene: and ambition, with dis- ordered liver and kidneys often fol- low an attack of this wretched dis- ease. The greatest need then is Electric Bitters, the a, tonic, blood purifier and regulator of stom- ache, liver and kidneys. Thousands have proved that they wonderfully strengthen thé nerves, build up the system and restore to health and good spirits after an attack of grip. If suf- fering try them. Only 50 cents. Sold and_ perfect satisfaction guaranteed by F. T. Clay. For Sale. Two medium size mares. Good single drivers. 51- CARPENTER & SHAFER. F.A.Taylor Auctioneer Butler, Mo. YOU ARE THINK- ing of having a sale SEE HIM BEFORE CLAIMING YOUR DATE He will give you the best results at the lowest prices. af she extent, could cofceive of noth- He’ ;