The Nonpartisan Leader Newspaper, January 10, 1921, Page 16

e S e S 4 ! § £ ; B e o T N o R S S S L e o RS R A e N R S LS £ A P A S e s T 0 T . o e Bonds Will Finance EMPORARY - suspension - of work on the state- owned terminal elevator and flour mill and on the home building ' projects has been ‘ordered by the industrial commissicn of North Dako- ta, because the Bank of North Dakota, owing to the “sabotage” law initiated . by anti-League interests, no longer has funds to finance these projects. This does not mean that work on the mill and elevator and the home build- ing projects has been abandoned. The action of the industrial commission was taken only’ after the North Da-. kota State Bankers’ association had undertaken, as reportéd in the last issue of the Leader, to aid the state in marketing sufficient state bonds to _finance all industries without the need of their securing any help from the Bank of North Dakota. : Since the last issue of the-Leader appeared the bankers have, in partial fulfillment of their promise, formed a state-wide syndicate which is to help market the bonds and ‘also will work in co-operation with the state bank examiner, appointed by Governor | Frazier, to prevent the closing of any more state banks. 'CO-OPERATION HELPS FINANCIAL CONDITIONS The hearty co-operation of the state officials and the bankers has apparent- J 1y halted the severe financial condi-. tion in North Dakota reported some weeks ago in the Leader. Since that time only' a few state banks have suspended, though two large national banks, over which the state has mno supervision, have failed in spite of. the promise of the federal reserve Hear Clearly” You, Too, Can Hear! Inasmuch as 400,000 users have testified to the wonderful results obtained from the-“Acousticon,” we feel perfectly safe in urging every deaf person, witlout a penny of expense and entirely at our risk, to accept the 3 ‘1921 Acousticon For 10 Days’ FREE TRIAL No Deposit—No Expense Just write saying that you are hard of hearing and will. try the ‘*Acousticon.’” The trial will not cost you one.cent, for we even un{ delivery charges. WARNING! ~ There 18 no good reason why. everyone should not make as liberal & trial offer as we do, 80 do not send: money for any instrument for the deaf until you have tried fit. The *’Acousticon’’ has improvements and patented features which cannot he du- plicated, so no matter what you have tried in the past send for your free trial of the ‘“‘Acousticon’ today and convince . Yourself—you alone to decide. Dictograph Products Corp. 1405 Candler Bidg. New York City, N. Y. (Continued from page 7). great deal of sympathy for them, but the fact is that they don’t pay 20 to 40 ire Odi—l:*.‘B‘l.n:ning E Tank Heater M‘ng&?&fifi?fl{h‘;fi per cent or anything like it, when their onone galloh of kerosene. Any child can oper- exemption is taken into consideration. safety; no -Taking the $100,000 corporation-as wastet > | | example this table shows the amount * of the tax that the corporation pays Empln 'WFI'MMD“O"I‘W on its profits at varying amounts: - Made of heavy galvanized fron— large eapacity (70 ¢ ; £ bt aminhoans | | Profits Tax to freesu m‘.‘mm oc 8 emall cost. An Per cent of - Percentof Percent of Keeps hogs healthy—{fatten faster Off the same foed. capital profits eapital "~ ST FA”ER AGENR' 11 No tax Notax Soecat e, 12 1.67 e ey L=t s e To e EmpireTank | | 20 - 9.00 o B S 25 - 15.20 3.8 50 27.60.- - 18.8 A number of different proposals _have been made in regard to amend- ing the income tax. The income tax is' “progressive,” that is, ‘the larger ————="| the income the larger the part that is ack. Also | taken in taxes. All of the proposed “revisions” call for decreasing the ! taxes on the higher incomes; some . also call for increase on the lower in- comes -or for taxing incomes below : $1,000 for unmarried or $2,000 for married, which now are exempt. : The national industrial tax confer- ence board proposes the most. drastic reductions. : According to the publicity matter sent out by the American Farm Bureau federation, which participated in the tax conferences with the na- tional industrial board, this board pro- s easily. Write atonce for bi . lelot. WE TRUST VOII‘:H .l.e.e':a untilsold. AMERICAN SEED CO. Box 232 Lancaster, Pennsylvanias - Dickey Glazed Tile Silos “The Fruit Jar of the Field”" Buy the Best SI.I:‘l% Save Money, 3 Ben(;r Il?)‘: Catalog No. 28 FAE SN - Eansas City. Mo. Chattanooga; Tenn. 6 ) HOUE s FREE than $1,000,000 a year. . The surtax HAEL i Wik par e s gasisrecis: | i5-OW 20 per cent on ‘incomes of be- N3 . ol iR %fl@ tween $42,000 and $44,000. pTlie .na- SEReraE | tional - industrial conference board | PAGE SIXTEEN - . . Mention the Leader When Writing Advertisers - Work Temporarily Suspended in North Dakota While- Bankers Aid in Mar}geting State Securities e the state banks which have closed will 5 a) , best qual .be reopened as soon as they are able . ool blouses, like new, 3 to make collections. = If ‘any of-the. TR e g e B state banks are unable to reopen their | | Bveg amy overconts ‘black. 30 fo 8§ - .agreed to urge its members to bring » gram, to come out openly and pledge How Income and Profits Taxes Work . the present law has to pay taxes of * 'in its publicity matter, by taxes of 10 -~ surtax is 65 per cent, thus' making a poses_to abolish all surtaxes above 20 per cent; The surtaxes now run as’ high as 65 per.cent on incomes of more ' S Industrial ngrain board to stand behind national b: to the limit. : i P It is stated that at least half of Russet shoes, new soles and: h shoes, new. ‘soles"and’ hee ), perfect condition: ....:i... d trou: per depositors will be fully protected un- | der the North Dakota law guarantee- ing all state bank deposits. - The de- positors in the national banks have no ~such protection. — A The state bankers’ associdation has Sagsss baad ) no foreclosure proceedings @against | farmers in the present crisis. Gover- nor- Frazier - has, however, ‘issued a I 3 statement to farmers urging ‘them to : 3 pairs 2 i sell crops that they can market with- s out a loss'so that a portion of their sl s obligations to the banks can be paid 0. D. wool army.shirts ....... 495 and. the financial stringency. reliev-:{ - L5 ‘ed. This will enable the bankers to go el ahead with their plans to sell state. e bonds and enable the work on state 25 industries to be resumed at an early 4.35 date, e : 3% Far from being a blow to the state 313 industries - the existing situation in it Tobes, - all < A8 North Dakota has forced the bankers, D wool thousers, long, Hesvy 1o Jg who always have been in the forefront. ¢ lnelnd:v ?}o:"é'n'."’°§°3.‘.'1°a‘fu't'°§§k$33$ ‘ordi;r}_". 1t o Send na" nal checks. Banks refuse them: of the opposition to the League pro P e paonal chiscra Rauks rafise thely U, 8, SALVAGE COMPANY - themselves to see the program carried Wabasha St. E. Cor. 10th, St. Paul, Minn; into effect. In addition, thousands of men and women who voted for the bill | crippling the Bank of North Dakota, under a misapprehension of what it provided, now see that the crippling- of the Bank of North Dakota has pr .vented the state administration from taking further steps to relieve the financial crisis and it is safe to say . that in future such voters will be ex- tremely suspicious of -such ‘measures put forth by the League opposition: Bea pea/% Mafat Experl %4 o aiherefore, tax $1,000.000 in- | B EARN $150 TO $300 MONTHLY e .same rate as $44,000 in- ¢ S s comes. - A $1,000,000 income under | [ e positions are Wm . Jroeks at this | Wm% g"-'i for theso $663,190. A $44,000 income tax pays' i 3 a tax of only $7,390. Under the indus- trial conference board plan the $1,000,- P 000 incomé would pay on:the differ- | i ence between $44,000 and $1,000,000 at the rate of 28 per cent (8 per cent nor- mal tax and 20 per cent surtax). This would make the total tax on such an income “only $275,070, a saving ‘of nearly $400,000 for this lucky man with a million-dollar income. - This loss would be made up, as the Ameri- can Farm Bureau federation explained cents a pound .on tea, 2 cents & pound on coffee, sugar, etc.‘. 5 WHAT NEW PLAN OF o g FREE!! A. F. B. F. WOULD MEAN Boys, we want live-wire skaters to intro-. The American Farm Burean feder- | | , B0 ve want I BERGHMAN SKATE ation now states, however, tltat\ it did ?ggpl:gsgfim localities where we are not chairman of the Federation committee § THE EASIIW IIARDW'Q“R! CO0.. 4 Department B101 - Chicago, U.S. A. on taxation, states that the only in- : : : come taxes that the Federation wants £ abolish are “brackets” that avs now | | Wool Growers, Attention!] above 50 per cent. ~The present mor- . mal tax is 8 per:cent and the highest gfl:m% ool made up into blakets or 3.",‘,’5‘ S total of 73 per cent on the portion of | | Let us iaend e samples of bankets o cloth any income over §1.000.900 a year. "VALLEY FALLS woo"lLENm‘ com ; But remember, ' this’is not 73 per | | -, Valley “Falls, Rhode Isiand. il cent on‘the entire income. No income : : = ~ in the United States pays 73 per:cent T ) - : and only about 1,000 incomes pay as = Anm%n:‘l'lé. AIR GUN $2,000 is exempt altogether and. then ! godeyeut cuice. SATES MFE. 00, DEPT. 505, CHIGHES ICE SKATES]| 9, CHICARE . Mention the Leader When Writing Advertisers