Casper Daily Tribune Newspaper, June 30, 1921, Page 2

| | PAGE TWO Che Casper Daily Ccibune Issued every evening except Suncay. at Casper. Natrona County, Wyo. Publication Offices: Tribune Building BUSINESS TELEPHONES--.--~--------------15 and 16 Branch Telephone Exchange Connecting A‘! Departments ————— Entered at Casper, (Wyoming) Postoffice as second<lass matter, November 22, 1916. MEMBER THE ASSOCIATED PRESS REPORTS FROM UNITED PRESS J. E. HAN\WAY —----—---_---— President and Editor EARL E. HANWAY. --Business es W, H. HUNTLEY Associate reed kK. E. EVANS - as Cee THOMAS DAILY Advertising Representatives David J. Randali, $41 Fitth Ave., New York City Prudden, King & Prudden, 1720-23 Steger Bidg.. Cuicage, Ul. Copies of tho Daily Tribune are on file in the > York and Chicago offices and visitors are welcome- One Year Six Months Three Months One Month - ee Per Copy -——~---—---——-—-—— ——— nr One Year Six Months --. Three Months No subscriptior “2 montl aD AN. Rabipertoto must be paid in advance and the Daily ‘fribune will nat insure detivery efter subscrip- tion becomes one month in arrears. —<——— Member of Audit Bureati of Circutstions (A. B. ©.) -- ——— ———eeeeSESESESEOEOEOtTtSeSS Member of the Associated Press The Associated Press is exclusively entitled to the use for publication of all news credited in (his paper and also the local news publighc® 1 rein. Kick if You Don't Get Your Tribune. Call 15 or 16 any time between © and & o'clock p. m. if you fail to receive your Tribune. A paper will be deliv- ered to you by special messenger. Make it your duty to let The Tribune know when your carrier misses you. Ss a EXTEND THE WATER SYSTEM. If the city of Casper would extend its water and sewer systems to more of the ont!ying districts, where many of. the lots in the newer sub-divisions are held by people who can afford to build only the cheaper and moderate priced homes Casper would take on quite a building spurt. Every encouragement should be given this class) They are for most part workmen or salaried persons. They are anxious to establish their own homes and most of them could arrange to build. While water and sewer would be desirable possibly most of them would be willing to get along without the sewer for a year or two if the water could be provided. The city’s interest is not only in providing neces- sary facilities for its people but it has the additional interest in getting this new |property upon the tax rolls to produce revenue for the upkeep of the city government. : The large sale of outlying lots occurring during the spring and summer proves that the demand is not for the close in higher priced lots which would necessi- tate the building of the more costly homes. The pres- ent demand is for the’cheaper lets and the purchasers have no objection to’ distance in order to bring ;the property within their means.* ‘ ; ¥; If it is possible for the city to extend its water mains further to the east and southeast where already much building is planned, it will be doing,an exeel- lent thing for a great many people: “RE The city should have ‘censiderable funds at com- mand for this purpose and we are sure those who voted the recent rather large bond issue had water extension in mind when-they voted. » Casper is desirous ‘of a skttled. and permanent population. The way to secure it is in-offering.every encouragement to home builders. The first encour- agement is in providing water, the second. sewers, sidewalks and paved streets will come naturally later, If people could be) assured of water many homes would be built during the summer and fall and re- lief from the congested condition that exists be af- forded before another winter. Cannot the city see to it that some action is had in this matter? ‘ ' by mall accepted for less period than oo A GROWING EVIL. One of the growing.cvils of the country and one that is rapidly ruining the credit standing of the gov- ernment and all the minor political sub-divisions de- pending upon taxation#for their support, is the is- stance of tax-free securities. The practice may be said to have taken on the importance of a menace, The record shows that $14,425,000,000 of tax-ex- empt securities have been issued up to January, 1921, of which about half represents the debts of states, cities, school districts and other political sub-divisions, while half represents the obligations of the govern- ment. In the last few years we have seen the per- sonal wealth of the country so rapidly segregated into the tax-free class, that whereas the taxable income of individual taxpayers under the federal income tax law was $992,972,985 in 1916, the amount decreased to $731,372,053 in 1917, and to $892,247,829 in 1918. It is not to be supposed’that the actual income of these taxpayers had thus decreased. Qn the con- trary, it is a sufe conclusion that they had converted their wealth into tax-free securities so rapidly that at a similar rate of conversion they would be “scot- free” of all income tax by 1922. The. situation has reached such a point that it is the subject of a resolution in congress looking to a constitutional amendment and the committee on bank- ing in the house points out that the custom is result- ing in the creation of two classes, the wealthy, free from the burdens of taxation, and the workers, who are forced to bear the burden, of which the wealthy are relieved, through the purchase of tax-exempt se- curities, is a violation of social justice which is crys- talizing in broad public opposition and discontent, as the issuance of tax-exempt securities expands. More than $1,000,000,000 of state and municipal tax free securities were issued in 1920. If these se- curities are held by the wealthy, whose federal in- come tax is at the rate of 73 per cent, the total an- nual loss in this one form of tax alone is over $35,- 000,000, if the interest rate on these bonds average: 5 per cent. And as is further pointed out, while there may be an apparent saving to the borrower of from one-half to one per cent per annum, this sav- ing on $1,000,000,000 in five per cent bonds is only $250,000 per year or .00711 per cent of the annual loss in taxes. ~If the rates of taxation are not re- duced, the loss in federal income tax alone would, for the life of this billion dollars in bonds, represent # loss of $700,000,000 against a total saving in inter- est_of only $5,000,000. On the most conservative ba- sis the annual loss is from 175 to 200 millions on tax-exempt bonds already issued. The wealthy investor receives as much net return from a 5 per cent tax-exempt bond as from a taxable industrial investment paying over 17 per cent. Rail- ways, public utilities and other industrials cannot com- pete on this basis, and are now being deprived of the capital which they need for expansion. This is a se- rious handicap to the normal progress. of industry which should be terminated. The tax-exempt bond} has contributed to the depression.in the value of Lib- erty bonds, causing the holders to sustain still further losses upon liquidation. The issuance of tax-exempt securities by the government, state or other political c | of the constitution places all forms of investment on sub-division because of the ease in obtaining funds, encourages public debt, public extravagance and pub- lic inefficiency in the expenditure of the funds so i Allowed to continue, the issuance of tax- exempt bonds encourages political units issuing the same to‘rapidly approach their bonding limit, when the burden of taxation thus created may be- come so heavy as to force confiscation of the prop- erty. As*the bonding power of the cities becomes ex- hausted, the credit position becomes impaired. The resolution proposed with a view to amendment an equitable basis of competition and re-establishes ‘equality in the assumption of the tax burdens by all people; and under the amendment the government, the states and all sub-divisions will have equal rights of taxation upon all securities issued after its rati- fication. ~ ise ate a WHO KEPT FAITH WITH THE BOYS? It appears, from much of the. noise being. made in and about congress that @ crew of blatant Democrats are disappointed that the Republican administration has not been able in a hundred days to unscramble the mess their party took some twenty-nine hundred days to create. . Speaking demagogueically these partisan howlers are displeased and even worried ‘because the policies contained in the “Republican platform have not all been fully carried out with respect to the soldiers of tke great war. The Democrats had two years and more to show what they could do for the boys and the record shows perfectly blank or nearly so. In one hundred days the. Republican record for soldier relief shows the benefits here enumerated: Appropriated $18,600,000 for the construction of new fireproof modern hospitals to. take the place of the insanitary, one-story, paper-board fire traps in which thousands of helpless veterans were housed by the Democrats. Authorized the utilization by the Public Health Service for hospital purposes of scores of army builds ings throughout the country not needed for military use. Uncovered the most revolting conditions prevailing in. the so-called “contract” hospitals established by the Democrats, and. in special tuberculosis hospitals, that led to immediate improvement at those institu- tions. Appointed the Dawes soldier relief commission, that in two days surveyed the whole soldier relief situation and submitted a plan of reform that has been incorporated in the veterans bill just passed by the house, combining under one head all soldier re- lief bureaus. Put a man at the head of the War Risk Insurance bureau who, in one month, took 10,000 pending cases and adjudicated them, thus bringing the work of the| there’ bureau up to date, a condition never reached in all its history under Democratic control. Framed a soldier bonus bill that will be introduced in congress and considered in the very near future. This is a part of the record.in the interest of the soldiers. Comparison is invited on the part of the noisy Democrats with the blanks in their record. So far as we are concerned we believe that what we have done is due the boys who went to France and won the war. There is more due them which will be brought about in due time. We think it is a very fair start toward what we declared we would do in our Chicago platform, and it sheds considerable glory upon the present Republican congress. ‘ There is lit- tle wonder that the Democrats make no specific allu- sions to what they failed to do and what the Repub- licans have done. hurling, invectives at the party that has ‘done ‘things and in-an incredibly brief time at that, well and good. T country understands the situation and we are ire the fighting Yanks understand. es asad a 0 “REVISION FIRST. “Senator Watson's reminder that the country is more interested in tax revision than in tariff revision, should not be neglected in Washington,” suggests the New York Tribune. “Congress was long in doubt whether it should take up the tariff or the tax sched- ules first. It was led into ‘preferring tariff legisla- tion by the fact that the emergency tariff bill, passed at the last session and vetoed by President Wilson, was left on its hands as: unfinished business. “The emergency bill is now a law. Whatever im- mediate relief it could give to“the farming interests has been furnished. A permanent tariff bill, carry- ing increased duties for purposes of protection, can- not increase revenues very materially. It may decrease imports and may also operate to depress our export trade still further. In the present anomalous state of world commerce a new permanent tariff bill is only a venture in the dark. The war has funda- mentally altered. our economic position, making us a creditor instead of a debtor nation. The rest of the world cannot pay its debts to us in gold. We must accept payment in services and goods or else become a permanent investor abroad. “The passage of a tariff bill will not go far in solv- ing the problem of post-war readjustment. On the other hand, revision of our war taxes is an essential first step toward readjustment. The excess profits taxes and the oppressive and unprofitable super-taxes on income are a hindrance to business and have been an important factor in keeping up inflated living costs. They are still driving capital out of productive investments, and are thus defeating their own ends. Revenue from them is drying up, and a sound fiscal policy demands their repeal. “The country is looking to congress for a reduction of the tax burdén—or at least for a rational shifting of taxation. Congress has cut the annual appropria- tions down to $3,800,000,000, although there are some of the Wilson deficits still to be paid off. The budget for 1922-23 will probably be smaller than that for 1921-22. The taxpayers want to know where they stand. It is of far greater consequence to revise the war tax schedules than to spend months writing high- er rates—many of them of doubtful economic value —into the Underwood tariff.’ Serer eee tee) HARMONY AND OFFICES. “Harmony is much,” observes the New York Times, “and the president often has to make reluctant con- cessions to the hunger and megalomania of senators in order to keep them reasonably good-natured, pre- serve the party integrity and carry out his program. At the same time it has not been observed that sena- tors who quarrel with an administration of their own Political views about the distribution of patronage have much popular sympathy or support. (It is pretty early to talk about quarreling with Mr. Harding’s administration, though the Democrats managed to quarrel with Mr, Cleveland’s first administration be- fore it began, so to speak. If any of the president’s nominations are unfit for essential reasons they should, of course, be beaten; but opposition on mere personal grounds or in pursuance of the indefensible custom of senatorial courtesy disgusts sensible per- sons and makes the cynical grin. A senator is a strange bird. Mr. Blaines classification of Mr. Conk- ling as a turkey-cock had a certair scientific basis, and sometimes seems applicable to many of the species,”” ——<—$<$_._____ _ The farmers might join Mr. Gompers’ federation if it were not for the fact that they are too busily en- gaged in what is known a» bone labor. —__—__—_o—_______ A soft drink, unlike the soft answer which turneth away wrath, provoketh peevishness in the te: the regular guy. soe ee Soviet pirates are roaming the bounding main. Must we stand for this? Why not order Sims in pur- suit with his deadly, long range verbal artillery. If they can find satisfaction in|’ WEDNESDAY, JUNE 29, 19; Dai Ip Cridune the grade of first lieutenant, making @ total of 185. 2 . rolt—S. J. B. (Any reader can get the answer to} A—A machine>play: roll for a ‘Casper | player-piano is one which is cut by a machine €be — —— _ Opening Announcement ————— Samuelson &Johnso 118 W. Midwest Ave. -4 Phil. R. Samuelson, formerly half owner and man- ager of the Day & Night Store, wishes to announce to his friends that he has severed all connections with that store and has now affiliated himself with Mr. Roy C. Johnson, a thoroughly enced cleaner and presser, ‘with former conn ms at Lincoln, Neb., with Lincoln Cleaning & Dye works, Butler Cleaning & Dye works, who is going to give his personal atten- tion to this end of our store and will guarantee thor- ough satisfaction on all clothes brought in to us for cleaning or pressing. + ty to information. The bureau cap- not give advice on legal, medical and financial matters. It does not attempt to settle domestic troubles, nor to un- dertake exhaustive research on any subject. Write your question plainly and briefly. Give full name and ad- dress and enclose two cents in stamps for return postage. All replies aro sent'direct to the inquirer.) Q.—How many peanuts does the av- erage person eat in s year?—O. H. W. A.—Including peanut products, such as peanut oil, peanut candy, peanut ag salted peanuts, pea- nut roasted peanuts and other forms, the annual per capita consumption of this vegetable is 3% pounds. Q—How did Jobn D, Rockefeller make his first money?—D. I. riation of the human touch. Q—Is is ‘TENTS AND AWNINGS » CANVAS GOODS FLAGS AND DECORATIONS For an introductory and get acquainted sale we are offering the following values which no one in need of anything in this line can afford to overlook York City, 0} D. F. A.—An act authorising the acquisi- tion of Central Park was passed by the New York legislature in 1853, Work waz begun in 1857 and the park opened to the public in 1860. Its area is 840 acres, about 400 of which are wooded and include specimens of nearly every tree and shrub that will grow in this climate. i ppg eect Regu- Matis "Dress. Ses, regu- ar ic value, ar an ic 2 pairs for__ 25¢e values —__.__. 25¢e Men’s Silk Hose, $1.50 and $2.00 values, our price this week 75¢ and $1.00 We carry a complete line of Silk Shirts with val- ues to $12.50. .Our “Big Yank” Khaki Work Shirts. These’ shirts are regular sellers at be for stone sosk up water?— 1 A.—The geological survey says that somp ‘kinds_of stone-are quite /porous 5 $1.50. Our price dur- prices range from and will absorb considerable quanti MacLaren’s Mustard Cerate is the 20th ; this sale $3.50 pak pd cay, spencueanerteapseyiors ia century mustard plaster with the sting and \¢ : only____... 95c to. $7.50 moisture. blister taken out. ‘ It is the ONE counter irritant strong enough to draw the over supply of blood caused by conges- tion and re-establish the blood stream to normal flow * —and yet, the combination of oils with mustard soothes as it draws, without pain or blister. For croupy children or chest colds, rub kon aie It will colonel. eight in the grade of major.| | disperse the dangerous congestion without irritation. 42 in the grade of captain, and ed in A MacLaren’s Mi d re quickly velinves A\ colds, croup, neuralgia, headache, sore throat, ton- silitis, strains, pains, sore joints, lame muscles, rheuma- tism, bronchitis, pleurisy and all sorts of congestion. It works naturally, effectively and thoroly. 25c and S0c Jars at Your Druggist MAG LARENS | The above represents greatly reduced nrices on real honest merchandise and is something that you, Mr. Workingman, cannot afford to pass up. Men’s Suits Cleaned and Pressed . . Men’s Suits Pressed ............. De ten Daenys arny: epee ate A.—By reason of the confirmation of Chaplains James L. Griffes: anc John M. Moose, (majors) in the) grade of lieutenant colonel, the now has one chaplain in the grade of colonel (John T. Axton, chief of chap- lains- nine in the grade of Meutenant Samuelson & Johnsor - Tailors, Clothiers, |Haberdashers 118 W. Midwest Ave. “WATCH US GROW” List Your Bundle of Laundry ‘And send it to us. First class‘ work guaranteed. “Special service on all kinds | of silk work. a: KIMBALL: DRUG STORES i. MIDWEST BUILDING eg te 214 SOUTH CENTER Wyoming : ee Laundry and Best Bowl of Chili in Town 20c Towel Supply At the Chili King Lunch 350S. Elm. Phone 413 All kinds of Sandwiches at popular prices. Quick’ Service, Highest Quality, “Grand Central Block Worth of Oriental Rugs at Half Price Khoury Brothers Displaying at - Prices Reduced ON GAS SERVICE LINES Chamberlin EFFECTIVE IMMEDIATELY iy 14-inch Gas Service Line now_ __-____52c per foot ~— ~ 13-inch Gas Service Lime now__-__-__- 60c per foot 2-inch Gas Service Line now___.____75c per foot The above prices include cost of digging the trench, necessary standard weight pipe, connect- ing and painting same. The Nicolaysen Lumber Co. Everything in Building Material GAS DEPARTMENT NEW YORK OIL CO. Phone 1551 BIG TIMBERS A SPECIALTY FARM MACHINERY, WAGONS 114 South Wolcott Phone 62. Office and Yard: First and Center |