The Key West Citizen Newspaper, May 30, 1936, Page 2

PAGE TWO - THE KEY WEST CITIZEN The Key West Citizen Published Daily Except Sunday By THE C\T'ZEN PUBLISHING CO., INC. +. ARTMAN, President » Assistant Business Manager From The Citizen Building nd Ann Streets JOE A Corer Greene Newspaper in Key West and Monroe County. ered at Key West, Fl z FIFTY-SEV un'y Daily as second clase matter NTH YEAR Member of the Associated Press ae Associated Press is exclusively entitled to use for rept lication of ail news dispatches credited to it or not otberwis the local news pubsished here. "SUBSCRIPTION RATES une Year six Months Chree Months ... «me Month Weekly ADVERTISING RATES Made known on IAL NOTIC ards of thanks, resolutions of | cespect, obituary notices, etc., the rate of 10 cents a line. Notices fer entertainments by churches from which a revenue is to be derived are 5 cents a line. The Citizen 1s an open forum and invites discus- sion of public wes and subjects of local or general interest but it Il net pubiish anenymous communi- cations. will be charged for at THE KEY WEST CITIZEN WILL always seek the truth and print it without fear and without favor; never be afraid ts attack wrong or to applaud right; always fight for progress; never be the or- gan or the mouthpiece of any person, clique, ov sass; always do its utmost for the public welfare; never tolerate corruption or, faction injustice; denounce vice and praise virtue; commend good done by individual or organ- ization; tolerant of others’ rights, views and print only news that will elevate and not contaminate the reader; never con» opinions; promise with priaciple, credited in this paper and also | 5 | well performed, or hinder a grateful peo- THOUGHTS ON MEMORIAL DAY Once again, in the course of time, the nation pauses for a day, set apart in the honor of and to commemorate, the brave ; sons of this republic who have, in the past, | sacrificed their lives on the altar of liberty. It would be tragic indeed if those of | us now living, who have enjoyed the bleg | sings of a great nation, should forget the} supreme service that has been rendered, | and allow the dead past to bury glorious | heroism and noble patriotism. Asqientidpabhabeon saldiniwece The blind worship of war, now grad- | ington with regard to the necessity of ‘ually being discarded, should not be con-| S4jbiing measures to prevent {uture industrial depressions, or at least to ! fused with the proper recognition of duty mitigate their serious effects. A new tax is now proposed, however, that is calculated to add materially to the severity of future de- pressions. This is the proposed federal tax on that portion of the annual net , income of cor- | porations which is not distrib- uted to the stockholders as | ple ir paying homage to those who r ponded in the hour of national peril. What- ; ever may be our idea about the abolition of war the men who gave themselves to meet dangerous emergencies deserve the appreciation of their posterity. ‘The Citizen joins with its readers in} calling attention to the purpose of Me- morial Day and gladly halts in its labor to} direct public attention to the virtue’ and | labaldenas, eg a Coe ef aig a je purpose of the proposed tax is valor of American soldiers, sailors and | to force corporations to pursue a more as : SBKGfuie » living in| liberal dividend pclicy The idea is s s $ V n a mamnes Mia ehoke Oh us: sa Jus oy | that the more money the stockholders peace, practice in daily life the same eee Big sesas the greater will Phas ; e their purchasing power, and th patriotic impulses which moved them and j more they will Seana socecunante: & unselfishly give ourselves to the service of our state and nation, to the end that this | ers receive in dividends, the greater : a will be their taxable income. To a republic shall well and truly be, ‘of the] government seeking new sources of tion: The assumption Is that corporations have withheld net income from their 5 I D E L ] G H T 5 net income do not distribute all of it to their stockholders is well known. s collected by the United By MARCY B. DARNALL, Former Editor of The Key West Citizen the purchase of goods and services. Also the more money the stockhold- : 5 : . : +” | revenue to enable it to spend geper- | people, by the people and for the people.” | iiiy this is aa important eonedees: stockholders. That many corporations enjoying a Treasury show that during very year from 1922 to 1929 the ~g- egate net income of the corpora- operated for profit exceeded the IMPROVEMENTS FOR KEY WEST ADVOCATED BY THE CITIZEN Water and Sewerage. Bridges to complete Road to Main- isnd. "re Pert. Hotels and Apartments. Bsthing Pav: Aicports—Land and Sea. Cs solidation of County and City Cozernments. You can raise all the money possible, but don't raise any checks. No news is good news to most folks, but net to a newspaper man. With better times promised we may be able to go a little deeper into debt. Candidates this week are having a big time in the hustings, denying the lies of their opponents. Any business that is on a cash ceipt basis should consider its obligations in like manner, and pay upon demand, Te “Sweet are the uses of adversity,” said the bard of Avon, but not as a general diet. We could use a little prosperity -in Key West right now. The Tampa Tribune says MaSotini won in spite of sanctions. They were ap- plied only half-heartedly, otherwise a dif- ferent story would have been told. A British educator suggests a course in laughter in the schools. In our scrool days excellent results were gotten with no more elaborate equipment than a_ bent pin. Don't forget the church when you figure on spending your money; the aver- age citizen owes more to the church, as an institution among men, than generally realized. is After Mussolini conquered Ethiopia he expostulated for peace. Naturally, he wants no other nation to swipe the bone um distributed in divi- Ted Howard of Cordova, Alaska, ap-| dends, the average annual excess for pears to have a poor opinion of a certain unknown person in that community, ac- cording to an advertisement in a_ local newspaper, “IT want the skunk-faced, fulminating, decaying-souled, which reads: THE WEATHER ! of employment.’ ingratious, gall-infected, vilipendent, gleek- ing, sibiloci odious, carping, jaundice- | eyed, spawning, salmon-bellied caval who | righest swamped my boat to come and see me if | Lowest he is man enough.” | Mean | Normal nee Temperatures* Mean Rainfall* Yesterday's Precipitation Normal Pre “This record Losing his pants through politeness was the fate of George Wiltshire, a Mem- phis grocery clerk: When he bowed low ee Maakat to a lady he was ing at the curb, the | Sun r’ses i fender automobile attached ; -07 Ins, er oa Sun JASSIL GE : Moon ris Moon se’ ofa itself to the seat of his trousers, neatly re- moving them without serious damage 0 Wiltshire. Tomorrow’s Tides A.M. | Fieh 6 3 | Low 1:16 Barometer 8 a. m. today: evel, One unidentified Paris boulevardier } doesn’t prefer blondes and certainly is no! gentleman. Taking a chance acquaint- ance, Mile. Annette Cozo, for a_ stroll through a park, they were seated on aj; bench when she removed her hat, disclos- ing her very light hair. “A blonde!” shout- ed her escort, who then hrew her across ie his knees, spanked her soundly and fled. ps | i | 1 i | Sea WEATHER FORECAST m., Sunday) (Ti 8 p. t and Vicinity Key West : Partly cloudy ith o onal showers to- night and Sunday; gentle to cael ate south and sovthwest Jick to Flotida East Gul’: Gentle ds. Straits to mod. ville -_——--— rate soath and southwest wind: ‘ cuth potion and gentle to A writer describes the modern young woman as elf-supporting, in-! dependent, determined to take orders from no one except in the line moderat shifting winds over being : north port fearless, and ther cecasional on and partly overcast tonigit ee and Sunday with . KENNEDY, Official in Charge It might be added that even in the line of employment few of them exhibit servility to any alarming ex- tent. COUPLE 80 TO MARRY | 1 i | L BEACH, Cal.—Afetr 80 of single life, Catherine When Louis Goidstein of Brooklyn | Kaufman of this city to be sought to have his name changed to Gold- | 9"! d to Willam Lambri, also 80. They said romance had blos ing, the judge of the court to which he ap- \; omed through 15 yeats of 2 plied refused to consider his petition and j ciation in religious welfare work. bawled him besides. The judge’ | yaar out } West Virginia newspaper: “You are here- name also happened to be Louis Gold-, tein, FOR GRA “Alert solicitors of classified advertis- | ing might work up some nice business along the line of the following, from a by notified not to take our daughter, Vallie Harper, into your car, Anyone not heed-/ full limit of the law. Mr.-and Mrs. Wm. ! Harper.” ‘ 4 43 *Gencral ‘tary of State, born s.; Mas: iYo. + | Chicago © POPP POPP POPPE SIS SS Start them off right with a savings account. Noth- ing encourages industry and teaches thrift like a BANK ACCOUNT You-ean start with as little as one dollar You and Your Nation’s Affairs A New Road to Misery By ELIOT JONES Professor of Transportation and Public Utilities, i Stanford University the eight-year period being approxi- mately two billion dollars. This pe- riod during which net income was withheld from stockholders, and re- invested in the business or used to build up working capital, was a pe- riod of great prosperity. The same statistics show, however, that during every year from 1929 to 1933 (the last year for which the offi- cial figures are available) the sum incdme. The average annual excess for the four depression years was more than six billion dollars. In other words, taking the last business cycle instead of single years, we find that the dividends paid out were actually in excess of net income. The question thus becomes: better for corporations to distribute all of their net income in the good years, or to withhold some of it in prosperous years so that they can pur- sue a more generous dividend and employment policy in the poor years? Can there be any doubt. as to the correct answer? The policy of with- holding a portion of the net income in properous years enables corpora- tions to build up reserves against the lean years of the future, and the availability of these reserves in the lean years helps to moderate the se- verity of the depression. Bad as the recent depression was, it would have been much worse had not innumerable corporations built up substantial reserves during the years from 1922 to 1929, enabling them to weather the storm, instead of going into bankruptcy. And yet for a tem- porary gain—a temporary stimulus to trade resulting from greater pur- chases by stockholders, and a tem- porary increase in income tax collec- tions—it is proposed to weaken the financial strength of corporations. if this happens the next depression | KEY WEST IN DAYS GONE BY | Happenings Here Just 10 Years } j Ago Today As Taken From ane Pues wi ine Citicce A iarge atte: seulauve ciuzens scuibied at Monroe County nol yesteraay | hear ine vaccalaureale » ana vi ailernven sonnecuon wala ine com ‘ment program at that splex oe ae dividends exceeded the net | sututien and to wilt esung program waic wev, Lhomas x. Adau ng dtreet church sermon in an most interest annual and ve jor Key Wesi and the this city take pride in t stitutions of learning and endeavor to contribute their e10q) manner. y interes! part ito these events, is it | | the | printed yesterday will show us what a depression can | really do in making misery! (Address questions to the author, care of this newspaper) ''Today’s lev5cce Peccccececcccccccccocccs| Bir thdays Jame: of the Demo- Committee, born , N. Y., 48 years William Phillips, | Undersecre- at Beverly, 58 years ago. Cornelia Otis Skinner k Cit of » born New monologu in 5 years ago. Dr. William Lawrence of Bos- ton, venerable retire Epiccopal bishop, born in Boston, 86 years gao. Frank C. Waker of New York,} ; former head of the National Eme: 3 Council, born at Ply mouth, | 50 years ago. ne: Lazaro Cardenas 41 years a esident ! Mex co, born Sub: maifie to The Citizen. bets DUATION Protestant] = of | 20¢ i | with Captain Clark D. { drowning Clarence Boyne, neral er of the General Con company, will leave — to! St. Petersburg to start const work on a_ hotel erected there. The 15 stories and a modern structure. This concern bu Hotel La Concha and many smaller projects. tion hotel w fire other The bill authorizing the trans fer of certain properties to lighthouse service signed president on May 18 in the Congres- sional Record. W. W. Demeritt. superintendent in this district said today that the above biil also car ried an appropriation $40,000 to apply on improvements to the local station. The district lowed $250,000 annually for maintenance, and this extra $40, 000 will permit of many being done which ld wise be left- undone. This extra appropriation and the changes it will mean, indicates to the erintendent that the headquarters of the district are to be a manent fixture in Key West. by and was was SAMPLE BALLOTS For Democratic Primary, June 2nd Ic Each thing we other sup. per- P. Simmons, president 0 propertic . M. Wood, and E, F. Lane, Largo representatives coming Key West this morning to cor Steara incorpo. Swee e the Key to Now On Sale At The Artman Press Building en the matter of the wa pipe from the mainland to Key W Juan roman of ir sens and Carbonell, prominent Key West, four friends, ha niraculous eseape from death by yester when his handsome new f Saddle cht Fernane sunk of riLiT SPEGIAL SALE insc sexas Kills Flies, Mosquitoes, Moths, Bed Bugs, Roaches, Ants other Household Insects. Will not stain. Quart Pint 435 1% Pint 23c FREE—1 Moth Proof Bag with every quart can of Filt—FREE Knocked Down Screen Doors: Without and many 7Se wire or hardwar Cocoa Door Mats: Made of hed Size 14” EACH = ee , Water Coolers: Good quality mop with bre. = handles $1.20 EACH Grass Shears: SASH CORD: SM aaa aa a. (EPPA EE ie VY AAAAMAMAMAAA AMAA MAA Ahh hn “Beaches ahaa Soe | ISTSTTOOOSOOIOOOOLS 0 OEE EE EE ban) Repair old windows they are dangerous 40c Hank (100 Ft.) 85< EACH South Florida Contracting & Engineering Co. Phone 598 White and Eliza Streets “Your home is worthy of the best” SFL IIL LL ILD OLMILDISI IL IID I LDL aa. PATRON BA he picked or bother him while he enjoys eo NK the crunching. Made of good steel EACH *The wedding of two midgets on the, For remittances, travellers’ checks, commercial stage of a New York theater in which the: were appearing in vaudeville recently at-’ tracted a large crowd, as a result of ex- tensive advertising of the _ interesting event. Later it was disclosed that the | happy pair had been married under sim lar circumstances no less than 40 times in! seven different counties, lhhahrhaharnortthheaead | ja this notice will be-dealt with to the’ = banking Congressman Kramer of California is advocating the purchase of Lower Cali-| fornia from Mexico, because since horse racing was abolished there, the people are having a hard time to make both ends meet. Haven’t we enough people on re- lief now without adding to our burden? | The First National Bank of Key West A) Member of the Federal Reserve TODD OL IL! SS OMS ST LM Member of the FDIC 2 Lidtibizitiztckidcittirttitdiittttticibibadéddéish Me he hhakede WIIII IIS IT IS IID SS ID.