Casper Daily Tribune Newspaper, November 20, 1922, Page 2

PAGE TWO x Cbe Casper Duilyp Cribune * “y evening except BunGay at Casper, Natron: Publication Offices, Tribune Butlding. : « wre wusper Dany wrreune ‘i , country over to the foreigners. It will be recalled that shortly af¢;. che McKinley law of 1890 was ! 7 Mickey (Himself) McGuire. passed, which put a protective duty on tin, the — = importers of that cxnmodity’ scnt tin) peddlers MEMBER TH® ASSOCIATED PRESS through the highways and byways of. the entire, Member of the Associated Press. country with tinware on which the price was ont-| Press is exclusively entitled to the! raceously boosted. The peddlers were instructed to| all news credited in this paper amd) soi the householders that this was because of the| new tariff on tin. In McKinley's own congression-| al district this lie was worked to the limit and Mc-| —— ee | Kinley was defeated in the ensuing congress. only/ \vyoming), Posteffice as second class)to berome president following the disastrous con- r, November 22, 196, sequences of the Wilson-German tariff law of 1894. _. President and Baitor| But tin, which was an alien to this coantry in 1800, Iseued ee The AtreRSuRY Tums ARE KoT OVER fori oF THEIR Music ANY HOW AND iT WAS ; PRETTY ToUGH To RUA INTo MicKEY M*Guine. ON “THEIR WAY HOME FROM THE LESSON WHEN Mickey HAPPENED To BE IN THE Mood foR Music. as i happens, John D. Rockefetier| he Jr. in our own country Inments the! ‘ wane he PHONE sebbbees deceepecdy me BBp xchange Connecting All Departments fy Entered at Casper me CHARLES W. BARTON ...--- = is one of the biggest dustries we have today — set Advertising Representatives, {sired absolutely by protection. ‘world 720-23 § ‘Bidg.. Chicago | : the to rights. 17260. te aks Bie. | ae ak : The common impeling ee 5 New jont- A } these two men’s remarks may c¢ the Daly] Matter of Ciphers | found in the state of the world to7=7~ York, Chicago, Boston I URING the recent ‘campaign the Democratic |The United States approaches winter ties and visitors are welcome. | leaders made the charge that the proposed ship with a shortage of bard coal, her vail SUBSCRIPTION RATES subsidy bill will cost the trcasury $75,000,000 a roady still struggling along upon less "By Carrier or By Mal yegr. Near the close of the campaign, the Omahu than their legal return, commodity ~ ‘ie a World-Herald, owned by Senator Hitcheock, Demo- Deicea rising. Business:t good to the eo ane ay Only cratic, cipher to the amount, making it oy ale Six Mont iy and 0,000,000, What is a cipher more or less, to a Three Months Daily and 5' Democrat in a campaign. But the Hitchcock paper One Mont: Daily and evidently did not fool the people of Nebraska - for 1 to let someone else represent them in| Hitchcock's place. As a matter of fact, the ship subSidy bill, if en- acted would reduce the expenditures of the govern- ment for ocean shipping. We are now xpending| You Don’t Get Your sehen. = | $50,000,000 a year to operate the ships we imherited| | my the eat 630 and in pens de | from the Democratic regime. Itwould cost us only} Make ft your duty to| $32,000,000 under the ship stfbsidy bill and we| ould get far more service for the money. } s must be paid in advance insure delivery after subscri> In arrears. tion becomes one rn And all the oval of her cheek are even less adequate, government} Is lovely petal hue; debts increase. paper moneys go.up|Her misty hair trails, phantom fair, in quantity and down in value. Dis-! Falling in jeweled dew; tress faces some of*the populations as|And, with the softest stirrings, yet another winter closes in. The} She wakes, and her eyes are blue. students of affairs abroad have come ALICE WIDSON OLDROYD. to an apparently new estimate of tha) PARR RAT. seriousness of the economic. defi-!. Miss.M. Sylvia Donaldson, elected | ciency. |to the Massachusetts Inzisiature, is 72 | The estimates generally ngree that | years old. nations have lost many, many billions | f CARD OF THANKS. ; jin buildings, animals; damaged land] tn !and structures. machinery and raw) We wish to thank our kind frien’s = = a ;.(and nelzhbors for their help and sym " materials. Canceling’ the " intermed-| 904, WenOC™ “he beautiful toralot | fate matter cf distribution anc reduc. fwrings during our recent bereave- | ing the problem to.simple terms, one! ment in the loss of our dear little son finds that the #hoples must produce | and brother. Member of Audit Bureau of Cirenlation (A. B- misses you. Trade-af tha Foture YAPTAIN Robert Dollar, long experienced in| ocean transportation, is undoubtedly correct in| the judgement recently expressed that within the lifetime of shippers now living the center of world commerce will shift from the Atlantic to the Pa i Europe has nearly reached if it has not al- ready passed its summit in production and trade. | } Irrigat band ¢ m proj eted at pn Jentific yatem for the] 4 ‘Ameri np q . more than they mused to in order to RAND MRS. W. D. KEYSER, ‘A complete and scientific zoning syst The Americas and most of the countries bordering | ale up the celen' saul’ they cave. RROMENCE ateD om the Pacific in Asia are undeveloped and have re-| J 11-20-1t* sive municipal and pahoet sa ye sources thus far hardly. tc ed. Siberia is a vast|* cc hard, sustal vill = ning poole for expanse ef latent wealth. China holds mineral de- gp agli ny geared posits awaiting use, the east’coast of Africa offers | Le wot oe tn OF Rte Ses ATWO Soap Better n the best gateways. for, commercial development in recovery. | Le nature the interior of that Ssontinent and Australia is! > —— For Your Skin—— ¢ Natrona county and more Bish |/voung tn industry. South America and. trans-Pa-| LOST Sunday on Polsdn Spider road | ways for W © ight rates for shippe-s of the || cific markets offer the best’ opportunities for the oes4 casting; 20x38} inner ‘tubs Than Cuticura Rocky Mount ‘ee and more frequent train serv- |/future of Aterican trade. In those regions there and demountable rim, Reward. Phono |] | Gacspeeset, Goep. Olstmant Taleze) tree of Ott rao etre will be the greatest development in the ext hun-| ew wi Pd dred years and because of its. own resources, ex- perience, enterprisé and wealth, the United States should be the strgngest factor in aiding the trans- formation 0’ compartive wilderness into a home- land for a vast ci¥ilized population. Our commer- cial relations with Europe ore by no means a thing of the past, but the door of greatest opportunity opens tow trd the west. WN OSS SERS ; Cuban Reciprocity PROMINENT New York newspaper which has plus after the stock dividend is de-| cies ‘tax, for the privilege of Issuing ducted theratcom. stock dividends, “As an ‘excise tax, The Revenue act of 1918 contains a} however, there 1s little, if any, Ikeli- provision by which an unreasanably | #004 of it being retroactive, jars. acchipuleled aurbhie poma7hs, GODFREY. N NELAON. taxed, A somewhat similar provision, | but considerably broader in its scope and eftect, is contained in the 1921 revenue act now effective. I know of| no instance wherein elther of these| “More than cotnaldence brings inta the’ news at the same moment the ut- provisions has been enforced, or | i is where even an attempt has been made | terances of two of the world’s great Tax-on Surplus » Within the period of a few recent Weeks some of the léading ‘tcorpora- tions, in less than a dogetm industries, have declared stock dividends aggere gating in amount nearly a billion dollars. Were these . declarations prompted whoily by a feeling of ap- prehension on the part of the gorpor- ations’ directors over the’ taxable} status of the surplus out ef which they were declared? I think they Threatened Recall TIERIDAN has shown evidences of her dissatis- faction with ker commission form of govern- ment by a recent attempt to get rid of it and re-} turn to the council form, now a_movement is on foot to recall the present mayor and the commis- siohers alleging incompetency. former Mayor Camplin is the attorney and adviser of the peti- tioners. What success will attend the effort is al- Have You Taken Ont Your “Christmas Insurance?” T’s a good little policy to carry, timely, inexpen- sive— c Time for Working together in the future. on system which was established | ars ago upon the theory that it would} be more economical and efficient than the system) ‘then ia vogue has proved a distinct disappointment | to the taxpayers in that the budget has steadily increased and the cost of government has gone/ along with it. o The people of that city have but lately defeated several paving projects and at the recent election did the same to a proposed water bond issue. | Sheridan has hot been prosperous for the past| several years because of the depression in agricui- ture and livestock upon which prosperity in that section largely depends. To this unfavorable con- dition the coal merger of five large producing cor-| porations into one concern and the shutting down of. active mines there in the interest of mines else- where owned by the same company, has operated to curtail payrolls and reduce revenue heretofore dependable. ++ been an out @nd out free trader for nearly a (extury and which still maintains ite attitude is positive that Suba proposes to retaliate by de- nouncing the trade treaty with the United States of 1902 which gives Cuba a perferential treatment in the shape of a 20 per cenc reduction on Cuban goods entering the American market in exchange tor a Cuban preferential on American goods. The paper reports that Cuva is up in arms because of the duty on sugar. Doubtless Cuba will think twice before she de- nounces the 1902 treaty. In 1921 exactly ninety per cent of Cuba’s exports to the United States con- sisted of cane sugar. In 1922 Cusan sngar made up 81 per cent of those exports to us, Under the Underwood law Cuban sugar paid about $1,00 a 100 pounds, while other foreign, sugars were paying about $1.25. (This is on 96 regree sugar, the bulk of the trade.) Cuba’s advantage over other com- peting countries was therefore about 25 vents a hundred, Under the new law raw sugar pays 0 a hundred, the 2 per cent preferential to were not. The practice of distributing divi Gendy by the issuance of additional capital stock ts not new, but the re- cent frequency and volume of guch distributions seem. to have given rise to thy impression that they are being mads for reasons that are new, i Expansion of the business of a cor- poration necssarily involves an in- crease of its working capital. The in- creased working capital is,’ generally, | represented in part by current assota| and in part by fixed assetg, the pro- portions varying accerding to the na- ture of the business. 11 the increased working capital was derived frota ac cumulated earnings, that part thereof which hax gono into fixed assets, such as buildings and machinery, is no longer available Tor the payment /of | Gividends. A stock dividend declared | out of accumulated earnings so em- to enforce them. I do not telieve there will be any attempt provisions exeept in the most palpable cases of evasion, as, where a ized for Che specific pu ulating hicome, language of the provision there can be no enforcement unless the commis- stoner of internal that in his opinion ths accumulation ig unreasonable for the purposes. of the busines. In cases suffftiently “Magrant thin the evasion section of the | law It ds unlikely that a stock distri- buticn of the surplus will be availing: to the corporation. that could save such corporations 4s @ technical construction in thelr favor by the Courts of language containing this provision of the law. 8 It is entirely possible that 5 tax will come wit at an enforrement of these for example, corporation diag been organ- of accum- © Acootding to the revenue certifies a ‘The only thi: And it guarantees your share of the Christmas trade from December Ist to the 24th, It.comes.in the shape of a liftlte ad in the “‘Christ- mas Gift Suggestions’ columns of this newspaper’s Alphabetical Classified Section. Our representative will call to insure your Christ- mas. ' THE MEAT ? QUESTION SOLVED In order te show our appreciation of the liberal patronage These things have all conspired to the detriment|(uba making it dutiable at $1.76 or an’ ad- ape b Haaesonp fies ees be laid on stock dividends, as an ex- you have given us the past two years we are going to run of Sheridan and brought about a*general dissatis-|\,ntage over other competing countries of 44| excuse for its issuance. It is justifi- Annive: Sale th k. be faction umong her people. jcents a hundred. Cuban denunciation of the|able because it strengthens the fin- inf ‘and pain subside— Our Antivertary, wale the enlire Weeks\so:you can come: st Ordinarily Sheridan is a live snappy community | treaty of 1992 would be very helpful to Porto Rico} @nctal position of the corporation. _ disBbpear, Without rubbing, your own conyenience to do your shopping, get your & beautiful well-kept city of intelligent: peoples) and ilawaii, as well as to the Philippines, It would] In my opinion, the tux constdora-f Sloan's penetrates and breaks up with many advantages possessed by no other city} in the state. Simply because of a temporary slump, | she should not fall into the dumps about it and take | out her spite on her public officials, If aliere is real well founded and not imaginary dissatisfac- tion with her rulers, much better to bring forth ce OE not be relatively as injurious to the United States as it would to hersel?. There is another factor to consider. Cuba is seeking the, approval of the United States for a $50,000,000 loan. “We expect” says a representative tions for the declaration of stock divi- dends are secondary. But the advant- ages of declaring stock dividends at this time are Feal and potent ones. A. to the to constitute taxable income stock dfvidend having been held not} the painful Sloan's relieves . eed favorite cut of meat and enjoy a treat at our expense. Shoulder Steak _.-___20¢ Loin Steak, Ib, _-_-__35¢ . BEEF . Choice ‘T-Bone, |b._.323/ Choice Sirloin, Ib.--_--30c real rulors and place them at the head of affairs|0f0ne of the largest banking houses in New York, | recipient, it would seem to follow Eloan's Liniment-hills pain! Short Cuts or Club Shoulder® Roast ___18Y%c * Tevthe rennlar wey than to create the dissention a|_\V@shington to give approval when certain condi-| that, despite the stock dividend, no ~ Steak, Ib, 28e | Shoulder Boil rh in ripdeacwhiiyes Hen oVe, J tions have been met by the Cuban goverpment.”}imcome has been distributed, On the Round Steak, lb. 25c | B, Vv gage aes recall is certain to produce. Article 11 of our treatyof 1903 witlt Cuba declares |pther hand, if the surplus hag in fact ease reast Veal (fine ration that “the government of Cuba shall not assume een gonverted into capital stock the Shoulder Steak, | stuffed) _-___-_124%e or et any public debt to i 0 earnings no longer exist as surplus. Early Demonstration j|on hich urd to make sesonable sliding fal pee [Any new tax on burplus must, Jt SEE THE Hamburger Steak, Ib.15¢ | Veal Chops __._-_-25¢ ATELY, TRUTH. of sta temients concerning \the new vision for the ultimate discharge of ich the aa meemns::to. ine, be; 181d onthe .sccumis, 7 Choice Pot tlb.-16¢ te ee eee aetieada oo ™ Tecent MOWS | dinary devenues of the island of Cuba, after defray-| ‘ted earnings as surplus of the cor: ORIEN | N AL RUGS Good, meaty Shoulder _ SPECIALS It was insistently ,assuredly, and repeatedly de-| img the current expenses of the government, shall] {tea incomes, aa income, would be an Bhi, Ib. ~~, -213¢ | Home Made Mince elared in congress that the duty rates carried by|%¢ inadequate.” It is conceivable that the loss] gaaitional income tax, again taxing ; ‘S Prime Rib Roast, boned fi RE 25 the Fordney tariff law, then being debated “*not| t? © uba which might result from her denunciation] income already subjected to taxes In ‘ AT THE 5 » pint = =-c cS eae only-did not spell unreasonable protection, but that when foreign rates of exchange were taken into! consideration the duties were not high as those carried in previous tariff laws; and this declara- tion was as insistently assuredly, and repeatedly Wenied by the Democratic party, which continued to libel the measure by asserting that the law add- €0 $4,000,000,000 to the cost of living of the Ameri- can consumer. The newspap@& which in the most frenzied’ fashion supported Democratic’ contention ras the New York Journal of Commerce. of the reciprocity treaty of 1902 might be regarded by the administration at Washington as sufficient preclude Cuba from assuming additional finan- clay burdens and that the approval of this country for the loan might not be forthcoming. If the United States did not approve the loan it would be interesting to know where Cuba could raise the money. The Cuban congress will have an opportu- nity to ponder on thi waar rane Sale Ne. Exploiting Scenery prior periods; and a tax thereon, less the distributed income, would still be a retroactive income tax. I realize that all things are possible in tha way of tax legislation, but I believe that out of respect for business’ progress, on which our national well-being {s largely dependent we-are, through, at least for the present (in the absence of some serious exigency), with re- troactive tax legislation. Generally defined, the surplus of a CHAMBERLIN FURNITURE CO. KHOURY BROS. MOST REASONABLE PRICES and rolled, lb._-<22¥c Prime Rib Roast, stand- ing, lb. -19¢ Short Rib of Beef, 3 Ibs.25¢ PORK Small Pork Loins, Ib..29¢ Pork Shoulders, 'b.___19¢ Pork Butts _______23¥/c Pig Tails ____.--.12¥/c Very Best Full Cream Cheese in Tin Foil__35e 1 Ib. brick. Limburger35¢ Sugar-cured Dry Beef, Bb. 2a ane Salt Pork __ 0-22 220 Sugar-cured Ham, sliced to fry__-_32¥%e Good grade sli 2 Nevertheless, on the front page of the Journal of | MHE UNION PACIFIC railroad is about to spend | CofP?ration fs the exce’s of assets All Sizes and Colors - Ribs, Ib. I ba sliced "i fecent date appears this statement: a five million dollars in the development of the| 0ves, e Tabijities and | the capital Spare Sh tego 8c Bacon,, Ib. 32¥c ? “The F. W. Woolworth company, it was learned] industrial and scenic resources of southwestern | tom, Custanding. pea tc re Pork Steak, !b...._-_26¢ | Calf Hearts _ 12Yec Yesterday, is continuing to receive goods from Ger-| Utah. Under private management, the money will] would affect only the baiahce of sur Pork’ Chops, Ib..._3214¢° | Calf Brains, 2 sets.___10c many in large volume... At the same time in face of heavy increases in tariff rates on the articles! éuch as toys and glassware which are being im- ported, the Woolworth company will be enabled to make satisfactory profits due to the favorable ex- change situation. The new tariff bill, for example, ; in the case of toys raised the duty 100 per cent, advancing the duty from to 70 per cent, but the advantage in exchange at the present time off- sets the enormous tariff increase.” The tariff on toys was increased as the good and sufficient reason that practic: this competition was from Germany, wher mark has wellnight reached absolute zero, and} from Jupnun, where the wage scale is the economic} Ishmael of civi tion. As for the duty on glass-| ware, the sort that is being imported by the Wool-} put Tanlac put him in-the best of BACON 5 Ibs. for. 90c worth and similar companies at rate in the| scheme of development cor Wyoming as the Union |health and built him up so much that! 5 umbe: ree present law is fifty to fifty-five per cent the| Pacific has for Utah? he had to have his clothes let out. The Nicolaysen L Fr Co. 10 Ibs. for----_--$1.70 the rate in the Payne-Aldrich law of 1909 was 60) cent. So the present rates are about half ween the two laws, and that despite the de- nges in Germany, Austria, Ja per pan, C: and France. tries to borrow any money from his friends he will| tracted, Well, Tanlac did auch won- Oo. L. Walker Lumber Co. Tevor half 30c : pobre necko |. 7 What is said pf toys and glassware applies to|have a hard time getting it if he is going to raise ajdertul work for my husband that I whol -——--30e | 4 Ibs. for___________70e practically all of the tinports covered by the new! question later as to whether it is a just-debt. began taking it, and besides restor- Brisket Bacon, Ib.__--23e | 3 Ibs. for________ $1.30 * tariff law. The efforts of importers to make it - Wie ETE ing my health it actually bulit me up ot appear that the present law is prohibitive are com pletely nullified by the official statistics of im-|. ports. But the proponents of prote¢tion «must he constantly on their guard to cotnteract the false hoods of those who would turn the markets of this be spent with the sole object in view of making the railroads earn more money. The effort will be to open up an interesting scenic region in such a way as to attract tourists. Under government manage- ment, the election of a place for expenditure of $5,000,000 would be determined largely by politics, Under private management the determining factor would probably be the amoynt of pressure that could be brought to bear in behalf of one object or another. Under private management, the question is decided solelyon business principles, as it should be. With «Jl of the scenic beauty in Wyoming and her potentiality in natural resources and mater- inls at hand for industrial development, why is it that the Burlington and. Northwestern railroads which would mostly benefit haye not ‘some suclr A PROMINENT college professor has written a four-column article on “Is the Allied debt a st debt.” It is our guess that if the professor MIE CHINESE are looking about for a consti- tution for their republi¢ or whatever they have over there. We have no second hand constitutions to dispose of but we could spare an amendment? that is not working. - i Seattle Woman Gains 15 Pounds . On Tanlac “Tanlac has been the finest, thing In the world for both my jhasband and myself,” declared Mrs. Anjusina Kelle, of 4530 Kenny St., Seattle, Wash “My husband suffered from stomach and liver trouble and had gotten so thin and weak he could hardly walk, “I had suffered for twenty years, from stomach trouble and had bdeq come so weak I couldn’t look after’ my housework. Backache, headaches and dizzy spells almost drove me dist fifteen pounds. «I never have an ache or pain now and I‘ have so “much strerkth and energy that I easily do all my housework.” Taniac is sold by all good drug- gists. | NOTICE! The following lumber companies will close their yards and offices at 5 o'clock p. m. for the winter months, commencing November 20th: » Keith Lumber Co. 5 Natrona Lumber Co.. Western Lumber Co. Fresh Side Meat ...22¥/c Meaty Neck Bones__-.9¢ Fresh Pig Feet_ : _ Pork Sausage, 2 lbs.__35¢ Calf Tongue _____-22%%e HAM Hams, Whole or Half Swift's Premium _____27¢ Armour'’s Star: ___.._-_27e¢ Morris Supreme _____26c Swift's Empire, large__23¢ Picnic Hams ________17¢ PURE LARD 2° Ibs. for_________40¢ Legs, Shoulder to Roast, Ib..20c Steaks, Ib. _-__--___25c Chops, Ib. Breast, fine with dump- lings, 2 Ibs,-______ 50 Ibs. for._______$8.00 VEGETOLE 2 Ibs. for_ Good grade lean Bacon, We do not deliver—and have no charge accounts. People are better satisfied when select thei? own meat. WE BUY THE BEST—DO YOU? STOP AND SHOP.