Casper Daily Tribune Newspaper, September 22, 1923, Page 2

‘AGE TWO. Che Casper Daily Cribune The Casper Dally Tribune issued every evening and The Sunday Morning Tribune every Sunday, at Casper, Wyoming. Publication offices: Tribune Building, oppo- site postoffice. Entered at Casper (Wyoming) postoffice as second class matter, November 22, 1916, Business Telephones _.......----—------15 and 16 Branch Telephone Exchange Connecting All Departments. By J. B. HANWAY MEMBER TH! ASSOCIATED PRESS The Associated Press is exclusively entitled to the use for publication of all news credited in this paper and also the local news published herein. Advertising Representatives Prudden, King & Prudden, 1720-23 Steger Bidg., Chi- cago, Ill, 286 Fifth Ave., New York City; Globe Bidg., Boston, Mass., Suite 404 Sharon Bldg., 55 New Mont- gomery St,, San Francisco, Cal. Copies of the Daily Tribune are on f: the New York, Chicago, Boston and San Francisco offices and visitors are welcome. Member of Audit Bureau of Circulation (A. B. C-) SUBSCRIPTION RATES By Carrier One Year, Daily and Sunday One Year, Sunday On Six Months, Daily and Three Months, Daily an One Month, Dally and Sunday Pp lentes enn nen en: ‘er. Copy a itall One Year, Dally and Sunday One Year, Sunday © Six-Month, Da Three Months, Daily and One Month, Daily and Sunday ~--..--—.. All subscriptions must be pald fn advance and the Daily Tribune will not insure delivery after subserip- tion becomes one month fn arrears. Fixing Prices and Levying Taxes Just as legislation fails in efforts to fix prices of a few commodities out of harmony with the general level of prices, so an excessive tax rate on some incomes defeats its own purpose and ends in failure. When the power of government is used to fix prices on specific commodities, a high price results in over production and a low price in under production with the inevitable result that arbitrary price fixing yields to the superior law of supply and demand. This has been the history of all price-fixing experiments from the days of the Roman Empire. Here in the United States in the last few years we have observed the results of the imposition of excessive tax rates on the incomes of men of wealth. Up to a reasonable limit those taxes were successful. Beyond that limit they were self-destructive, for men who found themselves burdened with an excessive income tax diverted their investments in euch 2 way as to escape the excess. This does not mean that they escaped the tax by resort to illegal means. In fact, In all im- portant business, the methods pursued were ex- pressly recognized by law. . The United States has always recognized the right of states and subordinate divisions to is- sue securities exempt from all federal taxa- tion. More than that, the federal government it- self has exptessly directed the issuance of secur- ities exempt from federal taxation. A notable in- stance of this was the issuance of the Farm Loan bonds. These bonds were made non-taxable for the purpose of enabling farmers to secure loans at a lower rate of interest because of tho increased demand there would be for non-taxable securitics. Directly, this was a benefit to the far. mers. Indirectly, there have been offsets to this benefit which probably wiped it out entirely. In order to carry on its business and pay the interest on the public debt, which must be paid, the government must raise a certain amount of revenue annually. If a portion of the revenue is not raised from one class of income, a great: er burden must be laid upon other classes to make up the deficiency. Thus, when a hundred million dollars worth of Farm Loan bonds were exempted from income taxes it became necessary to raise a corresponding amount of revenue from income derived from other sources. One of these sources, for example, was the income of manu- facturers of farm machinery, of boots and shoes, and of clothing. These manufacturers, in fix- ing the prices of their commodities, necessarily include the amount of the tax they will be com- péelled to pay to the federal government. That means that although the farmer saved some in- terest on the money he borrowed through the Farm Loan. system, he made that amount up by the increased price he paid for machinery, boots and shoes and clothing. Price fixing by government will work only so long as is necessary for the law of supply and demand to get into operation, An excessive in- come tax will work temporarily, but {t will work as it was designed to work only so long as is necessary for men of business affairs to adjust themselves to its provisions, The present regime in Russia had the power to confiscate the profits of private industry. That worked prefectly in the first instance, but one of its results was that private industry ceas- ed to produce. There has been revival of private industry in Russia only to the extent that the government has relaxed its confiscatory policy. Hundreds of millions of dollars have been with- drawn from active enterprise in the United States. because of tax rates which taxpayers deem confiscatory. That money will be put back into active industry only to the extent that ex: cessive taxes are reduced, Keep Them Working The Harding policy of continuing the opera- tion of the American merchant marine, even if it must be done by the government, is being pur- sued by the present administration. It is ac- Knowledged that the government cannot hope to operate the ships as cheaply or as efficiently as private operators would do, but in the absence | to their country. But it is these very qualities of any better plan, the government will operate e his wee Teasen rather than increase his hates Sethe: lel chances of realizing his ambition, as they fur-| the ships rath “di than 7 7 Our Ocean transpor| nish the greatest obstacle to a revolution in tation to our commercial rivals. Whenever op \Spain what is best in the methods of manufactur portunity offers and a fair price can be had, the without a president, shipping board is selling government owned ships, but with the guarantee that they will be operated in the American foreign trade for a period of at least five years. There has been great difficulty in securing dition is imposed upon the purchaser. Last April the board advertised ships for sale on this condition and some weeks ago the first sale was made—two ships to the Grace line, with the guarantee that they will be operated between the west coast of the United States and the west coast of South America. In the past week seven combination freight and passenger ships were sold to the Dollar line, with a guarantee that they will be operated in a round-the-world sery- ice. This service, under che American flag, will be watched with great interest, for there is not at the present time any other regular round-the- world service under any flag. Shortly after tho war one American concern started a round-the- world service but apparently it was not found to be a success, It will be noted that the few ships that have been sold as above mentioned, were sold to trans- portation lines that have been in operation for many years. The government ships will be added to the fleets already in operation. This is a fa- vorable circumstance, for there is greater likell- hood that the/operation will be successful when undertaken by concerns that already have an established business and a record for successful management. Under the Harding policy, which has received wide public approval, no sales would be made if the ships were to be trans- ferred to other flags. A five-year guarantee, how- ever, is the best condition that could be imposed and, even under this short limitation, it was found impossible for a long time to give ships away if the purchaser were bound by an agree. ment of this kind. The reason for reluctance to buy ships with this obligation attached is made plain by Com- missioner Plummer who in a recent address, pointed out that on an average the minimum handicap of an American ship in foreign trade is five dollars per ton per year. That is, because of the higher costs of operation under the American seaman’s law, it costs ships under the American flag that much more per ton per year than it does foreign ships. Mr. Plummer asserted that the handicap is in no way due to the inefficiency of American seamen, either in the deck force or the engine crew. “It is due to American stand- ards of living which affect American ships from the time their keels are laid, wages being the principal item.” It was the Harding theory that since the gov- ernment by its shipping laws, imposes upon the American ships burdens which thelr competitors are not compelled to hear, the government should bear those burdens. 1: was for that reason that he recommended passage of a ship-subsidy bill, but this suggestion was defeated by a Demo- cratic filibuster. As the only alternative the goy- ernment is operating as many ships as it can find traffic for, and has been able to find buy- ers for only nine, and at sacrifice prices. Corn Is King i In the distracting news from the old world, an item of good news from home has been over- looked. The Japanese earthquake, the puzzle, the Greco-Italian flame, the disappearing mark monoplize the first page of newspapers. But in reality they cannot eclipse the ripened bumper corn crop in the United States. A yield of more than three billion bushels has matured and is rapidly getting into the shock. The agricultural department predicts the second largest corn crop ever produced. At the present price that represents a money value of about two and a quarter billion dollars, Wheat is now cheap and corn dear, although American wheat this year fell far below a ban- ner record. But there is a reason for this dispar- ity in relative price. Corn means beef and pork and chicken and eggs, and to some extent milk and butter. Wheat means bread alone. Of bread the world has now a full supply, but for the things which corn produces there is a great demand. American wheat has a terrific competitor in Canada, but American corn stands supreme and alone, This stupendous harvest of corn will be a boon to millions of our farmers and it will, as indi- cated above, be a factor on every dinner table in the land, Measured in dollars, corn is by far the most valuable one crop grown in any country on earth. Those long rows of corn shocks, like tented soldiers on tens of thousands of fields, are actu- ally, as in appearance, our country’s defenders against famine and food scarcity. Long live King Corn! 7 A Democratic King i Alfonso’s crown remains in place and his throne unshaken despite the graye nature of the military revolution in Spain. This is undoubt- edly due, in part at least, to his personal popu- larity. In all the disturbances since he became king—and there have been enough to cause him all kinds of uneasiness—he has retained the af- fection of the people by his courage and his ob- vious devotion to their cause. Nor has he shun- ned personal danger. When there was a particu- larly severe outbreak in Barcelona, the center of a strong separatist movement, a number of years ago, and it was said that if the king ap- peared in person he would probably be assass: nated, be forthwith visited the city and went about the streets with no visible protection. Alfonso is said to cherish the ambition to be the first president of Spain. Should ever a re- public be proclaimed and his name presented there {is little doubt that the would get a large, vote. The king business, as a rule, develops neith-| er the spirit or service nor a sense of democracy. But Alfonso has done more than any other Span- iard to stimulate a progressive spirit among his people and to encourage new industry and mod- ern methods. A student of economics and busi- mess, and nn active shareholder in numerous modern industries, he has sought to bring to| Spain what is best in the methods of manufactur ing developed in Germany and the United States, By his own simplicity and friendliness he has set an example of the Democratic spirit which some of his courtiers, politicians and officers might have followed with benefit to themselves and eee ene Che Casper Dally Cridune Unsolicited Com- mendation Editor Tribune: Tho official board of the First Christian church on be- half of the church and its member- ship desire to express approval of the manner in which ths Tribune has co-operated with “Big Jim” in his great revival meeting. Casper, is indeed, a city of which ‘we all may well be proud. Although we are proud and loyal now, to re- main #0 we bulld and strive for it, and keep our eye to the future. We believe that one of the greatest fu- ture benefits for Casper is church buildings. Big churches, beautiful churches, adequate churches, in our opinion will be a great boon, a magnificent inheritance and a con- stant inspiration to Casper’s coming generation. Your co-operation with the churches of the city in the present as well as the past proves your de- sire for the good of the community, Official Board, First Christian Chureh of Casper. c. T. PLUCKHAHN, Chairman. R. R. HILDEBRAND, Pastor. Sept. 22, 1923. Sheridan’s Tall Corn SHERIDAN.—A cornstalle 11 feet tall and ears of red and yellow dent 12 to 14 inches long and well-filled, were brought in by J. R. Stephen- son, a farmer who lives four miles south of the city. Mr. Stephenson thinks that feed- ing corn to hogs ts the way to make money in farming this year, and he expects to market 100 hogs. He is 86 years old, has been in Wyoming for 25 years, and probably holds the record for number of places in which one man has “made two blades of grass to grow where but cno grew before.” He has developed and sold several small farms and ranches during his quarter of a cen- tury here, Mr. Stephenson also holds a local record for whiskers. The corn he showed was planted about June 4, nearly thres weeks past the normal planting time. It was irrigated but once during the summer, He exhibited at the county fair two weeks ago, but did not dis- cover the 11-foot stalk until after the fair, he says. He says it takes 600 pounds of corn to make 100 pounds of pork on the hoof. me ahiges Forced to Condemn SHERIDAN.— Timothy Lawlor, sub-contractor of the North and South raflroad, was forced to sus- pend operation of his steam shovel outfit at the boundary of the Fiy- ing-V ranch about 70 miles north of Sheridan in Montana, because right-of-way had not been obtained through the ranch, Instructions to start condemnation Proceedings against C. M. Traintor ot New York City, proprietor of the ranch, were forwarded to Judge George W. Farr of Miles City, Mont., in behalf of the ratiroad right-of-way committes of the Sheridan Commer- cfal club, {t was announced by W. H. Wallace, secretary of the club. Several proposals for the right-of- way through the Montana ranch have been submitted to Mr. Train- tor by the club committee which have received no definite answer, it was stated. The determination to start action resulted when the lack of reply held up the work of the raflroad crews. State Moose Meet RAWLINS.—J. W. Miller, deputy grand regent of the Moose lodge of Wyoming, was a Rawlins visitor from his home at Casper last week, and spent a couple of days with W. E. Farrell, local secretary of the Moose lodge, outlining the program for the state meeting of the Moose Legion which will be held in this clty next Sunday and Monday, September 28 and 24, During the meeting a class of be- tween 40 and 50 will be initiated into the local order, and representatives from Kemmerer, Rock Springs, Hanna, Laramie, Sheridan and Cas- per will be in attendance at the Meeting, The lodge at this place }|Deing @ branch of the Casper lodge. Mr. Miller stated that arrangements had been made for 85 automobile loads of members from that city to attend the meeting here and assist in putting on the work. Needs More Schools SHERIDAN. — Consolidation of schools in the Arvada district or the creation of another school and erection of a new school building in order to give children in isolated communities educational advantages is expected to be the result of the special school meeting at Arvada, October 2. The Arvada district, which ts ap- proximately 86 miles long and has the largest mileage of any district in the county, has five teachers in the rural communities and throe teachers in the town schools, There are several cases of children ving five to six miles from a school and in other cases there ate schools with Qn average attendatice of fewer than a half dozen children, It is hoped that by consolidation of some of these smaller schools and arranging for transportation of children to and from school, all youngsters of school age in the dls- ‘rict may be given equal educational ntages, Dr. L. L. Wade OSTEOPATHY Phone 1125R Over Frantz Shop oS SC em It Happened In Wyoming even an approach to a fair price when this con: | Matters and Things, of State-Wide Interest, Wired in, Telephoned in, Written, Grape-Vined and Some of It Purloined. Trains to Be Resumed| Federal Land Bank Loans BASIN.—Resumption of through service on the Casper Burlington expected to take place not Ine, later October 10, says O. F. Ohison, assistant superintendent Horn valley of southern Montana here, Mr. Ohlson received a wire from A. W. Newton, chief engineer of the railway, while the executive SATURDAY, SEPTEMBER 22, 1923, Omaha for operations the coming year are urged by B. T Joslin, the bank's agent here, io notify him of that intention sco. He expects a federal land av arrive here praiser from the bank to ai es land appraised for Mr. Joslin says. Mr. Joslin recently completed the organization of a farm er asso- ciation here, which now has 26 meni- SHERIDAN—Farmers in north-|bers, and et ampe arr pend eastern Wyoming and in the Big |other Con eags Montkads whare who are contemplating obtaining ‘some demand for such an organiza- loans from the feleral land bark at tion exists. river valley Makes Liquor Haul BASIN.—Sheriff MoeMiMen and his force made a fairly rich haul ‘Thursday ‘morning. They had been suspicious for some time that moon- shine was being hauled away Greybull, to be cached. got on the track of hunting for some time 300 gallons in a drain Embiem Bench. There kegs and a large number of sacks filled with bottles of liquors. At the sale price of suc! a product today it is valued at about $15,000, The man who owned it thinks he has lost @ fortune, They finally get caught. A persistant breaking of the law géts any one In bad, and finally lands them in the net. H was in Sheridan, Wyo., to the effect that service would be resumed on that date, Mr. Newton passed through Bill- ings Monday morning but at that | time would make no statement. He; was returning to Chicago after) spending some time directing andj inspecting the work of reconstruc- tion of the line east of Bonneville. This he expects to be so far com- pleted by October 10 as to permit of through service. Mr, Newton also stated that the seven miles of new line will have no bridges and that the chance for fu- ture washouts in this territory would be entirely eliminated. The washout which has made the rebuilding of the seven miles neces- sary occurred on July 23 when a cloudburst struck the sides of the mountains in Wind River Canyon, tearing loose huge boulders and other matter which filled up Wind river. Tho river then rose and years flooded the country, washing out 10 miles of track including four bridges between Bonneville and Casper. To avoid similar occurrences in the future the Burlington engineer- ing department decided to change the routing of the road, necessitat- ing the building of seven miles of new line. Address by Stock Specialist WHEATLAND.—A meeting of | special interest to live stock men | of this district will be held Tuesday | evening, September 25, at the New South school. D. J. Robertson, Unt- versity of Wyoming live stock spe | clalist, will be present to address | the meeting, and Edward Birglana, | manager of the Mutual Dairy Loan | association of Wyoming, will also, be present and explain the propost- | tion on which he is working. Mr. Birgland has already secured the! endorsement of a number of leading | business men on the feasibility of | financing the dairy industry in that manner. low. Send your automobile news to “Spark Plug."—Care Tribune. Tribune Of<ice How many times have you wished that you knew more about what happened in Casper ten, twenty, or thirty And haven’t you wished for some one to make that story as fascinating as a novel? Well, that ig Just what has been done in Mr. A. J. Mokler’s ago. History of Natrona County, Wyoming The book reads just like talking around the fireside. It describes Lou Polk’s wild ride, Dr. Joe Benson’s crema- tion, the life of “Calamity Jane,” the battle of Platte Bridge, and every other incident of historic importance since this county was first settled. It’s a book to be prized and the library in every home ‘in this county should not be without one. This valuable volume {fs on sale at the places listed be- The edition is limited and the present supply will not last long. Price $12.50. Mills Stationery, Casper Stationery Midwest Pharmacy, Stockmen’s Bank Camnbel'ohnson Co. With a lot in this location you are accessible to all other parts of the city. Why not locate your permanent home on the Hill, where the pure, invigorating air you breathe, will brace you up and take you away from the smoke and grime. Do you think Park Hill or Holman Acre lots will increase in value more rapidly than lots in other locations? Will you let us show you these locations be- fore buying a permanent homesite? are co-operating in this sale and the same WYOMING REALTY COMPANY 166 S. Beech St. Phone 2224 GLOBE AGENCY 508 E. Second St. Phone 81 PARK HILL and ~ Holman Acre Lots . _.. . Adjoining the City of Casper on the South The dividend a real is governed by its desirability of location. It pays to buy where there will be no after regrets. The master key whi business success, is money, MAKE MONEY. A two-way opportuni , 8 small investment. Any of those listed below will show these properties to you at your convenience. prices and terms will be quoted by each. Choose according to your own inclinations and phone for an appointment today. The Western Realty and Lot Sales Company Main Floor P. and R. Bld Corner A and Wolcott W. P. Hi 405 S. Kimball the knowledge of how to make estate investment earns ich unlocks the door to ty to reap a big profit on AL g., Formerly Moose Bldg. Phone 1078 OLMAN Phone 340-M