The Key West Citizen Newspaper, March 10, 1926, Page 3

& WEDNESDAY, MARCH 10, 1926. India - Bowen Tops _Tonight’s Bill At -« The Athletic Club SEMI-FINAL AND PRE- ~ “LIMINARIES WILL ALSO BE PUT ON DURING EX- HIBITION Pa A card of four well: matched | ‘eéntests will be. staged to- H night at the Athletic Club by Pro- moter Willard Russell, promoter} * of high class boxing cards to whet the appetite of the sport hungry © population of Key West. Every) @ bout booked is a main attraction ein itsetf"Besides the three cork-| ing preliminaries, the fans will) have an opportunity of seeing their old favorite in when Kid India makes his appear- ance in a local ring after a long time, When he will be asked to dis- pose of Afidy Bowen of Washing- tn, D.C,’ Bowen “has appeared in Miami in five great fights against Pedro Campo, Battling Barnett, Freedie Boorde, Jimmy Lewis and Boots Antly, and in his fight with Boots! Antly, Bowen was awarded the! newspapers’ decision. It’ will be) recalled Antly knocked out. Kid four’ roufids at Miami no very long ago. So judging from! this Ind‘a is in for a tough fight . ‘phen he meets Bowen tonight, but fans feel confident that he wil be in ‘there fighting all the time and The ‘final brings together two good: boys when Flying Dutch- | SJ Hannibal. Williams has lefeated some of the best joins appeared here before and gave fight that he was od to. meet’ any boy!Heres be two good pre- and will win. is will meet Kid Williams of the navy, The Dutchman | it Williams when he! will complete a * good card for tonight. Joe Marks, champion of » the is in town today, and will at the fight tonight, ' "t tonight's fight as it best in'many a day to be) * STRIBLING To i i IN ‘TEN-ROUND _ EXHIBITION AT HIALEAH gp end aie, “March 10.—Two of the leading contenders for, Champion Jack Dempsey’s title go to the pugilistic barrier Friday at Hialeah Stadium to de- jack nempaide most logical kaiuckle whirlers, who! for a ten round journey will give the ieee oe foe one encoun- ters the Raine preaen cae ever wit- nessed between heavyweights. % and Stribling vie for the honors of being the outstanding af Jack Dempsey. ‘Tunney is 28 years of age, while the former Georgian, who now Seecoscesescscessoesosoe Racing: Mecting at Jefferson Park, New Orleans. Meeting of Miami Jockey Club, at Miami. “4? Meeting of West Coast Jockey Club, at Tampa. - Meeting of Tia Juana Jockey Club, at>Tia Juana, Meeting of Havana-American dockey Club, at Havana. action tonight, Peccesssccceneceseaccees (By Associated Presa) URBANA, Ill.—Jimmy. Mahoney of Chieago, beat Diek Smith of Danville, 8 rounds. * + 3% ST. LOUIS—Lew Perfetti of |New York, defeated Jimmy Russo of Grand Rapids, Mich. 10 rounds, = * | VERNON, ‘Calif—Bud Taylor of Terre Haute, Ind., defeated | Jchnny Brown, bantamweight champion of England, 10 rounds. MIAMI VISITORS WIN BASKETBALL GAME LAST NIGHT MAGIC CITY AGGREGATION AND MONROE COUNTY HIGH SCHOOL TEAM PLAY INTER- ESTING GAME An interesting. and exciting game of basketball was played at the Key West Athletie Club last jevenitg between the Miami team and the Monroe County High | School team, which resulted in a | victory for the visitors by a score of 15 to 10. There were a number of feature plays recotded during the ‘game, with both teams playing at \their best. 5 There was a large crowd in at- itendance, and all thoroughly en- joyed the evening’s exhibition bes/; games ever played on the lo- cal court, DENIES REPORT OF FIGHT BEING CALLED OFF » ‘STRIBLING AND TUNNEY “TAKE LIGHT WORKOUT: \ QODAY “PREPARATORY: ‘TO SCHEDULED BOUT - ‘(iy Associated Press) MIAMI, March 10.—G. H, Baugh, promoter of Tunney-Strib- ling 10 round, no-decision fight here Friday night, early today em- phatically denied published reports that the fight had been called off. Young Stribling’s father, who i: also his manager, and “Billy” G‘b-| son, manager for Tunney, also de- nied the report. light workouts today, each taking on @ sparring partner for several rounds. Stribling. just back from the Pacifie coast, is in good condi- ‘| and as fast as he was when he was a light heavy. workout than Stribling, and looked to be in perfect shape for the fight. His boxing atid footwork, during a short sparring match was fast, while his hitting was hard} and consistent. Promoter Baugh stated early this morning that the state gov- ernment had promised not to in- terfere with the match, and so far of the match being called off from Tallahassee. He said that the pub-| lished reports that the fight would not be held were, in his opinion,’ the work of a promient New York fight promoter, and had not orig- inated at the headquarters of the/ Tunney-Stribling match. The battle of Mbore’s Bridge, N. Creek C., the 150th anniver- whiea was considered one of the| Both Stribling and Tunney took’ it sion, and will go into-the ring Fri-| day night heavier than ever before, Tunney took an even lighter, ‘as he knew there was no likelihood | “Florida is today on a sounder basis, financially and otherwise, than ever before in the history of the State.” This was. the keynote of an in- terview recently given a repre- sentative of The Sun of New York by Col. Peter O. Knight, Tampa attorney and financier, president of the Tampa Electric Company, president of the Tam- pa Hardware Company and chair- man of the board of directors of the Exchange National Bank in Tampa, for more than a genera- tion a leader in the economic. de- velopment of Florida and one of that State’s most prominent citi- zens. Speaking from the text Colonel Knight went on to express his con- viction that Florida will have in the present year the greatest ex- pansion in finances, in railroads, in public utilities, in the construc- tion of buildings and in its agri- cultural and industrial develop- jment that the State has ever had, eclipsing even the remarkable record made in 1925. Colonel Knight backed up his prediction by citing the comparative busi- ness records for January, 1925, and January, 1926, of the three business interests with which. he is most. directly concerned. They are representative figures which show the trend of all business in Florida, coming from a bank, pub- lic utility corporation and a wholesale commercial house. Citing Some Figures The Tampa Electric Company, which supplies electric light and pewer in Tampa and operates the street railway (on a five cent fare); did a gross business in January of this year 54 per cent greater ‘than that of January, }1925. The, Exchange National Bank of Tampa in January, 1926, |showed deposits more than 100 per cect. greater than in the same month of 1925. The Tampa Hardware Company, which does a strictly wholesale business in a territory containing about three- quarters of a million people, ‘showed an increase of 175 per cent in its January, . 1926,‘ Wusi- ness over that of the same month in 1925. Col. Knight went back a gen- eration for a comparison which was even more striking. “When I came to Tampa in 1890,” he said, “it had a bank with total resources of $200,000. {It was the onlyccbank.. inxsouth Flerida. At the’ same ‘Fior- ida was so undeveloped/and un- discovered that total deposits of all Florida were only $2,000,000. | Today, Colonel Knight declared, the deposits of Tampa hanks alone are fifty times greater than the deposits of all Florida banks at that time. “The deposits of all Florida banks on December 31, ; 1925, amounted to $1,200,000,- 000, a figure, as Colonel Knight pointed out, five times that of the State are paying no attention to it,” he said. “It is as ridiculous for a man to think that he can make a success of speculating in real estate on margin as it is for him te think.that he can make a i suceess of speculating in the New York Stock Exchange on margin. wealth. The man who buys a sound stock, pays cash for it and puts it away finds it constantly increasing in value. The man who buys stock on margin usually ends | up broke. “This holds good in Florida. The man who examines property here, buys it and pays cash for it ineedn’t give any thought to real estate speculation. There has been a constant increase in the value of Florida real estate dur- ing the last thirty years.” As an illustration of the con- Cycling: Third day of inter. |S2TY of which has just been ob-/ j stant development of the State national six-day race York. Bowling: in New American Bowling Congress tournament, at Toledo. | Billiards: Jake Schaefer vs. Brich Hagenlacher, for 18.2 balk- tine title, at Philadelphia. Bench Show: einnati. jhistorians as “the first \gained by the Americans in Annual show of | Gincinnati Kennel Club, at Cin-/ served, has been described by | Pasa War “ Revolution.” | Colonel Knight summarized the | history of three Tampa banks. the | The First National. Bank: was or- | ganized with a capital of $50,000 THE KEY WEST CITIZEN FLORIDA LAWS DRAW CAPITAL TO STATE| and today has capital and sur- plus of $2,000,000 and deposits of $21,000,000. The Exchange Na- tional Bank was organized with capital of $100,000; today it has capital and: surplus. of $1,500,000 and deposits of $20,000,000. The Citizens Bank . and: Trust Com- pany started with $100,000 in capital; its capital and surplus to- day. amounts to $2,000,000 its de- posits to $28,000,000. State, of Conservatists To show that this remarkable growth was not by any means con- fined to banks, Colonel, Knight told ofa business concern organ- ized twenty-four years with a capital of $40,000. Its stock- holders have since that time tak- en out approximately $250,000 in dividends and the capital and sur- plus of the corporation today stands at above $800,000. An- other corporation shows monthly gross earnings at present as great, as the original purchase price of the corporation twenty-seven years ago. A newspaper which was started a little more than a quarter century ago with $500 in cash and a handful of ‘type re- cently sold for $1,200,000. Next to its climate and its soil Colonel Knight ranks the con- servatism of Florida citizens as the State’s greatest asset. The weleome that is extended to tourists and prospective farmers is extended as well to business, It is widely known that by an amend- ment to its constitution Florida last year prohibited the levying of State income and inheritance taxes. The fact that there is no severance tax, no franchise tax, no corporation tax and no cor- poration stock tax in Florida, Colonel Knight pointed out, is less. widely known. “Following. the adopticn of the constitutional amendment relat- ing to inheritance and income taxes,” Colonel Knight added, “the Legislature of 1925 formu- lated a general corporation law which is the most attractive and the best in the Union. Under it three or more men, with a mini- mum capital of $500, can incor- porate under the laws of Florida to do business anywhere. The Secretary of State’s office has been swamped with applications for incorporation, and the law has already begun to bring an enor- mous revenue to the State.” » Taxation in Florida - The.conservatism of the State’s citizens, Colonel Knight went on to say, has been reflected in its government. Florida is one of the few States of the Union to be free from debt. Gov. Martin recently announced that there would be a reduction of 25 per cent in State taxes this year. That State taxes bear lightly on the residents of Florida is in- dicated, as Colonel Knight point ed out, by the fact that the real property of the State, conserva- tively valued at $6,000,000,000, is assessed for taxation purposes at $550,000,000. The gasoline tax is bringing in approximately $1,- 000,000. a month at the present time and furnishing the State with”a constant supply of fresh eapital to support its ambitious road building program. The conservatism of the State, as reflected in the constitutional amendment prohibiting the levy- ing of inheritance and income tax- es, in Colonel Knight’s opinion, has been the direct inspiration of the recent successful fight against United States Senate, a leading part in which was taken by Sen- ators Fletcher and Trammell of Florida. “If Florida can set the pace for the other States in an effort to male the State attractive to capi- tal,” ec clonel Knight declared, “then®she is performing .a real service.” — Members of the New Bruns- wick legislature will assemble at Fredericton today in anticipation jof the opening of the first session jheld by that body since the Provincial elections last August. aihagpeteeeniasenieisinienee The average time that a bee spends away from the hive is from five to seven minutes, || Because--- Golf: Belleair women’s cham- | plonship tournament, at Belleair, Fila. - Boxing: Southern A. A. U. It’s More. Economical It’s More Convenient } qhampionships, at New Orleans. | lone vs. Joe Roche, 10 founds, at Oakland, Calif. aid to be the largest in the world floor area, requires the services Septears and porters. / it An office building in Detroit, '}} With Gas? t’s More Efficient Gas Service Company of Key West the Federal inheritance tax in the | for the district of Florida, arrived|J. Maher, Sen..and Mrs. William in the city this morning to. join|H. Malone, Lieut. and Mrs, Stark Major George E. Brown, in.charge| Water, Mrs. J. S. Warner, Maj. of this engineering division of the . — es Bae a5 baa rere Florida district. Together these} p “Matiory. x government engineers went. over * the plans and specifications for the proposed bridges to span the wide water stretches along the Over Sea Highway to the Mainland, to as- certain to what extent, if any at all, they would interfere with navi- gation in the waters affected by them. Major Brown stated to a Citizen representative this afternoon that. no objections whatever were found to the plans examined today for the proposed. bridges. Major Brown and Major Miller are leaving this afternoon for Miami Beach, and will visit other east coast points in this division of the Florida district. Miss Elizabeth. Eakins And J. A. Singleton Are Married Here On Tuesday Miss Elizabeth Eakins, daugh- ter of Mr. and Mrs. W. S. Eakins of Elizabeth street, and James Alexander Singleton, son of Mr, and Mrs. Stanley Singleton of Peacon’s Lane, were married at the home of the bride here yes. terday afternoon, Rev. L, Munro officiating at the ceremony. The young couple have numer. ous friends in this city and else- where, all of whom tender con- patnlations for a happy married re. These boats were formerly used ‘8 rum-runners’ and were. seized by the. coast guard department. The. speed boats were seized in Miami. They will be used to help in the prevention of smuggling around the Florida keys. In the Atlas mountains. of. northern Africa there are goats :which climb trees to eat the Sornell Wall Board, Sash, Doors,’ Blinds, Carey’s Cement. Roofing: H. B. Davis 100 Per ~ CUBA ON PLANE RIVES IN CITY TODAY Commander John Rodgers, fa- mous aviator, arrived by plane to- day from Hayana on the return trip. north. He was accompanied by Lieut. Lawrence Curtain, com- -ling. from. Guantanamo Bay; Cub: Commander Rodgers aide: left for Sarasota West and then on to cols where they. will inspect. nave air. ‘school before goingean t Fowls with tails 18 feet lo are bred in the interior previnges of China, ow RAS More: than half of all<the r tail stores in Manila are contro!l by the Chinese. SILVER GRILL Our Chef Is a Specialist in European Dishes and American: Sty! Cooking.aua He Wants to Plonas You; Ask for Anything —Jut the Way You Want It. BUSINESS MEN’S LUNCH 11:30 to 2:00 p. m, 60c REGULAR DINNER 11:30 to 8:00 ® oi. 60c PAUL PARIS, Prop., Corner Duval and Fleming, Sts. Opposite La Concha Hotel eccoceceoe peneccneces TONIGHT, Pe EFREM ZIMBALIST The Celebrated Violinist 8:15 O'clock HIGH SCHOOL AUDITORIUM . portion of any profits derived will be given to the High School Library ne THE ART SOCIETY OF KEY WEST : eecccccccccccecceconcesacoscce Real delicacy of aroma, but without loss of natural tobacco taste and. character—that’s the whole story! Cheney 3 Chesterfields are made by the Liggett @ Myers Tobacco. emetic a ee mate ba the Lleaed © Mipets Kehoe: S0Ste 24.