Casper Daily Tribune Newspaper, October 19, 1921, Page 2

PAGE TWO - Cbe Casper Daily Cribune | Issued every) evening except Sunday at Casper, Natrona / County, Wyo, Publication Offices. “vibune Building. BUSINESS TELEPHONES Branch Telephone Exchange Connecting All Departments Se , Bntered at Casper, (Wyoming) Postoffice as second class matter, November 22, 1916. MEMBER THE ASSOCIATED PRESS « President and Editor Manager THOMAS DAILY Advertising Representatives Prndden, King & Prudden, 1720-23 Steger Bjdg.. Chicago, Til,; 286 Fifth avenue, New York City; Globe ton, Mass. Coppies of the Daily Tribune are on fue in the New York, Chicago and Boston offices and visitors are welcome. SUBSCKIPTION RATES By Carrie One Yeer . Six Months Three Mouths One Month Per Copy One Year Stix Mouths Three Months . No subscripti three months. All_subscriptions mrust be peld in advance and the Dally Tribune will not insure delivery titer subsorip- tion becomes one,month in arrears. Member of Andit Bureau of Circul#tion (A. Member of the Associated Press The Associated Press is exclusively entitled to tee use for publication of all news credited in this paper and also the local news published herein. Kick if You Don't Get Your Tribune. Call 15 or 16 any time between 6:30 and 8 o'clock p. m. if you fail to recetve your Tribune. A paper will be livered to you by special messenger, Make it your duty te let The Tritune know when your carrier misses you. a WE WANT YOUR HELP. © Tribune has an ambition to make a perfect ka li of the paper, not for one day or for one w orfmonth but jor # year and if possible forever. There is RB way to almost accomplish this; but it will require coroperation on the part of subscribers. If we can e this, the boys and The Tribune will do the rest. Whe best we could do heretofore, carriers being simply human like the rest of us, has been to supply jubscribers, who were missed in the rounds, with the paper by special messenger. This has occasioned con- siderable vexation to subscribers and loss of time when the subscriber wants to read his paper. We can obviate this if the subscriber will erect a mail box at some convenient place on his front porch or else- where where the paper can be placed. The carrier will readily learn where the paper is to be deposited and it will also be an aid in his remembering loca- tions and thereby reducing errors and omissions in delivery. If The Tribune’s subscribers are willing to erect the mail boxes and co-operate to that extent we are ready and anxious to inaugurate our plans to attempt a per- fect delivery. Winter is approaching when the winds are liable to snatch up your paper after the carrier has thrown it upon your porch or doorstep, and blow it nway. “The rains and snows are likely to”@e: y or render your paper unfit for reading. This is additional ag- gravation. The question is: Will you put up a mail box and co- operate with us to get your paper to you promptly and in good shape? B. ©) & eg a eae THE CURSE OF SURTAXES. The country has considerable confidence in any opinion expressed or statement made by Otto H. Kahn, the New York financier. He has lately writ- ten a letter to Senator Lenroot in which he says the high rates of surtaxes are to a degree responsible for unemployment and business depression in that these taxes drive capital into tax-exempt securities and con- servative investments, penalize the working capitalist as against the idle ones and put a stop to the use of capital in starting new enterprises. The high surtaxes do not fall heavily on the very rich man as is com- monly believed. From the merely selfish standpoint the man of means need have little quarrel with the existing sched- ule of surtaxe3. If he chooses to avail himself of the lawful opportunities at hand he can invest a greater or less portion, and in some cases, all of his capital in tax-exempt securities at an attractive rate of in- terest, and to the extent that,he does so the income tax and the surtaxes will cease to trouble him. The higher brackets of the surtaxes have ceased to be productive. They have, in fact, largely abolished themselves, but in the wrong way. To the extent that they are collected they penalize the working capital- ist, the man engaged in enterprise and actual busi- ness, as against the idle capitalist. Considered as a revenue producing measure, sur- taxes which do not claim more than, as a_minimum, one-third of a person’s income, will produce a.larger revenue than the present rates, which claim up to nearly three-quarters of a person’s income. The capital which can afford to take and heretofore has taken the risk of starting and financing new en- terprise and doing the pioneer work of the country is that relatively small percentage of the nation’s total capital which is represented by the surplus funds of corporations and well-to-do individuals. That is a most valuable function for the nation, and that func- tion has been woefully crippled by the existing sur- taxes, both because they have prevented the accumu- lation of capital and because they have taken away the incentive to risk-taking. The source of the sup- ply of funds for pioneering and for developing the country has run dry under the withering action of these taxes. It will so continue until surtaxes are re- duged to an adequate extent. * Im faulty taxation and its result in throwing the ecamomic equilibrium of the country out of gear and putting barriers across the old-established routes of trade and industry, must be found one of the main ex- planations for that stagnation and depression which keeps millions of men idle. Even if our surtax rate is reduced to a maximum of 82 per cent, it will still bein excess of the highest surtax in most European countries. eS ee Se THE COST OF PRODUCTION. Philip Snowden writing to the London Times, says: “The most important factor in the cost of production {s output. War-time experience proved how great are the possibilities of increasing output. But to in- sure that, there will have to be new relations between capital and labor. So long as a workman believes that the harder he works for the time being the soon- er he will be out of work the maximum output is im- possible. There is no doubt about it that in most manufacturing trades the output could be quadrupled without any considerable increase of establishment or overhead charges. That is the supreme industrial question. So long as employers talk so freely about wages coming down to pre-war level in order to meet foreign competition, and so long as the workmen re-| ply by refusing to co-operate in securing the max- imum output, our foreign trade will go elsewhere, and wages will come down and unemployment will continue. “It would mean a revolution’in the methods of in- dustry, and in the relations of capital and labor, to bring about the change indicated. But it has got to \ ATTN Le be done. There is only one source from which wages can be and that is the national product. he larger product is the larger the wages of labor HT bef andthe laren produ the cheaper te cost; and the cheaper the cost the larger th Is there statesmanship enough emong the eaters: = industry and the leaders of labor to organize produc- tion on ‘these principles?” THE MODERN TYPE OF HERO. “Moral influences work in all the sciences,” asserts / the National Republican, “and it ought to be Tecog-| nized by the students of chemistry or of the radio that modern life has brought a new heroic type into being. This is not, so far as we know, disputed by anyone; but there are those who have never thought of it. “Ancient heroes died for a chieftain, for their country or for their faith. In the Middle Ages and in modern times they have had successors, essen ly like themselves, having the seme emotions, and giv- ing with the same courage ‘the last full measure of devotion.” There are no men in any twentieth cen- tury army braver than the soldiers of Julius Caesar. There can never be higher praise for a Christian martyr than to compare him to the young Stephen, slain by the mob or the aged St. John, banished to his} dreary island. “Centuries have rolled between us and the Apos-| than | tles, each one bringing out the same high courage that | endures to the end. All Europe sent brave men to the Crusades. For hundreds of years Spaniards re- sisted Moors both as foes of Spain and foes of the Cross—indeed that spirit is now in evidence.* The religious wars of the sixteenth century often found religion and patriotism hand in hand, as they have been in Russia and Armenia. Within a brief space, Christians have gone to their death in China as brave- ly as any who were slain in pagan Rome. “But even to the learned priests of Egypt and the bright investigators of Greece it would have been a surprise to hear that men were so bent on gathering facts about nature as to risk every form of hazard. Now and then a scholar faced perils, as a traveling merchant did, or as any man fond of hunting did; still the world cannot be said to have had a scientific corps. For hundreds of years the world seems to have fluctuated in its opinion of students, now almost wor- shipping them, now looking on them as sorcerers who deserved a fiery death, certainly not expecting them to develop the aggressive spirit of the warrior and the calm courage of the martyr. “Today there is no department of learning with- out those who have sacrificed their lives for it or who are ready to do so. If gold-hunters have run the gauntlet of savage tribes, professors have left their college chairs to investigate ruined walls and mould- ‘ering tablets. There might be deadly gas in a cav- ern, there might be venomous serpents in a forest, there might be treacherous reefs in an unknown sea, nevertheless the volunteers were ready. Into the polar sea, above the clouds, under the waves, heroes of the new type have gone. The number and the zeal of these recruits might have dazed Hipparchus or Bacon. “A more accurate map, better botanical classifica- tion, a heap of fossils, a higher flight, a deciphered in- scription, a new species of insects, any of these or a hundred more objectives may lead someone to spend money as freely as Percival Lowell spent his upon his observatory, or to jeopardize his life as Stefansson is doing. The boldest knight of chivalry might have shrunk from a voyage far above ground and a battle with an angry mountain eagle. Had he been asked to plunge into the depths of a mysterious sea he would probably have feared that a mefmaid would take his life and that his soul would be lost for his presumption. “There were in the early Christian centuries those who courted martyrdom and almost fantastically’ in- vited their own death. In the Middle Ages there were chivalric feats that to less emotional minds seem like madness. So do some of the attainments of scientists seem unworthy of the high toll paid for them. But the hero may be judged by those who are not fit to judge him. His lack of proportion may be sneered at by some who have never had a gleam of the heroic. It may be that those who die in the search of knowl- edge are gifted with a vision unknown to those who merely seek the ordinary comforts of life.” awh Bal St A A BUSINESS PLEA. One of the most forceful statements on the limita- tion of armaments including indisputable and logical reasons in favor comes from the San Francisco Cham- ber of Commerce. It is the business man’s plea and to this interest from which the greater share of pres- ent taxes comes, we owe the most respectful consid- eration. When the business interests of the countr? are jeopardized because of excessive expenditure of the peoples’ money for war costs and taxes resulting from war it is then time for America to take the lead as Presideat Harding has done to bring the world to a realizing sense of ‘the bankruptcy toward which all of the nations of the world are drifting. The state- ment of the California chamber and its resolution follow: “In 1898, at the first Hague conference, an unsuc- cessful attempt was made to sto.) che growth of arma+ ments. The rivalry) continued, military and naval budgets grew, year by year. More and more taxes were imposed to provide for unproductive expendi- ures. Fears and mutual suspicions kept pace with these war preparations, and finally in 1914 the great explosion came. “But the ‘war to end war’ has left the burden of armaments more staggering than ever. “In some countries the paper currency has become worthless; investments have been confiscated; credit has disappeared; trade is at a standstill. “Even in the United States the heavy taxation for unproductive purposes has begun to restrict consump- tion. The people are spending less because the tax- gatherer is taking more. “Nor can American business men afford to neglect their foreign trade. Our exports were valued at near- ly eight thousand million dollars in 1920, and more than half went to-Europe. They are now shrinking rapidly. “The present depression cannot be expected to dis- appear unless the burden of armaments is substantial- ly diminished. “For illustration, a reduction of military and naval axpenditures by even one-half would set free probably not less than four thousand million dollars annually for trade, and credit would speedily revive with an increasing sense of security. “If the armament rivalry among the allies con- tinues, further confiscation of wealth is inevitable; the victors will share the financial ruin of the vanquished. The business men of Japan and of Great Britain haye already taken action showing their governments the need for public retrenchment. American business men should now move to assure President Harding of their support in his great effort to relieve the world of its staggering burdens and to enforce. salutary economy for the benefit of the people,” The resolution in support of the position taken by President Harding is worded as follows: “That this Chamber of Commerce attributes the de- cline of our foreign trade and the reduced domestic consumption of manufactures and luxuries to excess- ive taxation and to the exhaustion of capital and credit. It places hope of a substantial and world-wide recovery upon the success of the conference for the limitation of armaments and urges the administration to use every effort to bring about a drastic reduction Se Cove, Dele REDUCTION OF HAZARDS MEANS |= INSURANCE Gl Fire Prevention Measures Urged on Chamber Forum in Address by the City Inspector. are responsible ‘for tc« high insur ance rates which are ‘n effect or whether it is going to enforce build- ing regulations in all phases, compel the ridding of buildings, avenues and yards of refuse and material that ts of inflammable nature, and thereag lower rates was liberally discussed at the forum meeting of the Chamber of Commerce on Tuesday. C. L. Reasoner, city fire inspector, addressed the ‘gathering and told of the co-operation he had secured and of the steps that were required to further protect the city and bring in- surance rates to a comfortable figure: The dangers from fires he outlined were chiefly due to faulty or cheap construction, with dangerous flues and poor wiring as the chief causes; of fires of all kinds, soner, and is due chiefly to the won- ul effectiveness and efficiency of the Casper fire department. Ho asked the co-operation of the forum in ridding Casper of fire menace by getting that body behind improvements that are required here, especially in forcing more stringent hullding regulation. Tho subject was Uperally discussed] by many of the diners after Mr. Rea-| soner sta‘ed that fire insurance ad- Justers had figured out higher, instead of lower insurance rates for Casper. M. P. Wheeler compared Caspers insurance rates to those of other} cities, At this tine Casper is paying $1.45 annually per hundred dollars! while Philadelphia} cities are paying same protection. Mr. Sweeney asked that the fire mits here be extended to include many of the districts which were not formerly considered in the fire Mmit| zone, A. /A. Slade, schools, ¢: educ: and many other, 5 cents for the superintendent -ef| nea how the board of | fostering the teaching Oil Operators’ Cridune of fire prevention in-the schools and of the success that had been attain- ed. He also explained briefly that ee eee tee ee in harmony with ag sotton made by ada by RT. Kem, that Kemp, that Othe npeed made by the Aw depart ment and that the. body go on Eis oy creat olty ordinance, Was overwhelmingly pesentes oF Seat oe bef Kemp said“ that the nna older Wt Satiguier 7% cee during’ the four years that be he had observed them. ; STRIKE AFFECTS |= 2,000 RAIL MEN seeellN THE CAPITAL Cheyenne to Be Hardest Hit in Labor Way if Union “Tn all that time,*-he-said,“there| Threat Is Carried Out of has only been one accident and in that instance the other fellow was to blame. Also during the four years there has never been a fire that has} CHEYENNE, Wyo., Oct. 19—Two not been confined to the building tn NO MONICA PI PRIMARY TO BE HELD IN CAPITAL Raper tng Wyo., Oct. 19.—The City of Cheyenne is official hotitication to, the. electors ot the town that no primary for the nomina- tion of candidates for municipal of- Tices will be held this month as a Preliminary to the municipal election In November. The reason is that there is only one candidate for mayor and | only two for each of the two commis- sionerships. The primary law pro. vides that where there are not more than two candidates for each office a primary election shall not.be neo- essary. the names of the condidates who have filed petitions going directly jo the election ballot. Views Presented. to Sec. Davis WASHINGTON, Oct. 19.—Thomas O'Donnell of Los Angeles, president of the American Petroleum Institute, and was taken later to call on Pres!- dent Harding. Efforts were being made by the department, it was said, to bring about an adjustment of the dispute there which has involved about 6,500 men and continued about a month. a = ‘ : : = Real Estate Loans. Stock Loans... Sundry Assets, Fees Insurance and Taxes Advanced Furniture, Fixture Cash on hand and in banks Total .... —— DATE March 31st, iners. ing in Casper recently.] of naval and military éxpenditure, so that all countri and all classes may be relieved of a staggering bu’ den which threatens some with insolvency and con- fiscation and all with trade stagnation and unem ployment.” RESOURCES --$611,118.19 > March 31st, 1920 Sept. - 30th, 1920 H. J. THOMPSON, President G. H. MURRAY, Vice President and General Manager. ‘SECURITY BUILDING&-LOAN ASSOCIATION Of Billings, Montana At the Close of Business September 30, 1921 10,438.26 Paid-Up Shares......... 26,589.27 1,188.00 Fully Paid Shares__. 60,346.11 Fee Account ........ 300.87 230.25 | Incompleted Loans 16,216.30 2,382.00 Borrowed Money... 15,000,00 f Contingent Fund..- 2,000.00. . 11,162.11 Undivided Profits. 18,531.04 © 636,463.81 Total ....._____$686,463.81 STATEMENT OF GROWTH. Members 1931 3732 1921 ~6071 This Association has in the past 18 months loaned more than $125,000 (nearly one-fifth of its assets) to home builders in Casper. Our interest rates to borrowers are the lowest of any association in the state of Wyoming, but as our expense for operation is limited to only two (2) per cent, we are able to pay investors eleven (11) per cent dividends, coi::pounded ‘semi-annually. CNOTE—This association should not be confused with the Security Savings and Loan association, (a stock company—not @ mutual savings organization) who have been hide oe Vv. J.F. JONES, Local Agent Midwest Building~ LIABILITIES Installment Shares ...$497,580.22 $376,274.87 Sept. 30th, 1921 7376 $636,463.81 This is a mutual savings association—operated under state supervision, and is regularly inspected by the Wyoming and Montana state bank exam- Great Walkout. Will be affected at Chey- eune snout a@ general railroad strike go into effect the first three days of October, as railroad union leaders as- ‘Sert is planned. Neither railroad em- ployes nor officials, here, however appear to regard the outlook as gloomy and the apprehension usually noticeable during the period before a strike is notably absent. Officials merely respond to inquiries with the statement that traffic will be main- tained and men who would be involv- ed by a walk-out express the hope that such procedure will not be nec- essary. One Union Pacific employe, re- sponding to an inquiry regarding the attitude of the men to the strike or- .|der, said. “The strike order was obviously {s- sued to force an agreement—a cor- cession of some kind on the wage re- duction of 8 per cent that went into effect last July: It will never be en- forced, whether or not it results in & conference and concessions. How- ever, if the rafiroada attempt to bring about the further decrease of 10 per cent now being talked of, there will be a strike—the biggest this country ITAMINES 6 08 etd goth Scott's Emulsion far richer in the fat se uble A vitamine ia than fe Spuilds cream. It aids Assets (0,043.75 $176126.83 t D. CLARK, Secretary ae Se ee WEDNESDAY, OCTOBER 19, 1921. “In the south of France ts @ concrets known as the Pont ay pce aa toe the railroad em- at they wit be ve public sym-| arch Combining the Vogue of Patent Leather With the Comfort of the Oxford * Original indeed! Fashion proclaims black patent leather for Fall; women de- mand the comfort of Oxfords for walking. In these smart shoes the designer has com- bined the two and added just enough per- ‘ foration to make them more delightful. The price is as popular ' as the shoe—Only $8.00. WISSINS 122 East Second EZNOR Reflector Gas Heaters will burn and give off heat even though the gas iv.so low that the kitchen range cannot be lighted. They spread their comforting heat where it is needed— along the cold floors, ssa CASPER GAS APPLIANCE CO. Prepare for Cold Weather WHY NOT GET THE BEST? We Are Exclusive Representatives for Round Oak Stoves and ‘Heaters Campbell Hardware Co. 147 South Center Street Phone 425 3 3 3 3