The Seattle Star Newspaper, March 23, 1922, Page 4

Street Ra ilway in THE SEA" Republican Party Will Make National Issue THURSDAY, MARCH 23, enator Lodge’s Re-Election Le An ol BY LO K. SACK eden of side-slipping have been obgarch conspirator of the ages” in notedentally —takir © to s#ing@lican lineup of the tot New ¥ oe senna a . . WASHINGTON, Mareh % served thruout the country and it is |shared by his } folk | Ledge'e’ praises plats rallying to 14 |nectiou Wer ot Se attle PP olitics 7 oF teenie E feared Massachusetts may have| President Harding will at the op-| But whether Harding aetually |" Cine ra vere erence fo Bono > , * | be the personification of |eaught the contagion |portune time write a atrong letter to [takes the stump in behalf of Lodge, | |rin; MeCorm “ i : | P’. policy, the adminis Recaune of the moral effect the re. | the voters of Massachusetts telling in |other powerful administration adv I"T.00 TOUGH FOR Jrom, of i diana. O18 Fret, ¥. D, Bayden, recently of the departenent of civil engineering 1 Will concentrate Its f sult of the Massachusetta ehection| what high esteem bh olda Lodge | « will, Chief of t y will be | RISON, FREE! rafted la Sane atuke eebvesity, tate WerNGe ead Wtek tie bihoves te a celeten ) in @ terrific drive to wilt have, party leaders desire not land recounting how very r sary |Mecretary of Mtate Hughes, Vice PRISON, LEE 4 . aos of Seatile’s street railway problem, « solution which woe against his only the return of Lodge but that it |it in for Lodge to return he sen: | President Coolidge and Secretary of! peri, AM N. J He's s0| BEDFORD, y " ou ee & S-cont fare on @ paying basis, Me believes so deeply ) he comes jmay be ty aa large @ majority as a | ate order that there may be a|War Weeks. ' ¢ o 4 nde or-s 1 en aety. [might have fn f . cam that he resigned his faculty position in erder te ran for The adminiatrat fee can af. |G, O. Pe“ fying cireus can roll up |continuation of services to the |both Bay Stater ¢ extra anxious [tush he demoralizes th from tate rimatory bey Santts vegurdites of aay pelitiual evmst@arations.—iaiter Lodge represents an Irish.American | The administration will sek to| It in possible that the president, |political ass refusing for the second time to ac |riden. ‘They stopped « chauffeur tituency, gener 1 as | demon te that former Governor | himaeit may accept an invitation to | in addition niniatration |cept the same man. The prisoner | hopped into his car. Soon they w BY F. D. HAYDEN in the case of the most favorably nly antideague of 1 evi |Cox’s conception of Lodge an “the |@o to Massachusetts to apeak, incl |big four,” almost the entire repub- | was freed Sauk at the pelorenalbey. IT have intimated that it was my| situated utilities, by profit 1 mean y BY fatention to show how it will be/ability merely to pay interest 0 1 Poasibic to anticipate the return ofjcapital already invested, That any five-cent far Having shown, | private company could expect in this im a previous article, that the/day to do what the city of Seattle street railway would have to earn/is trying to do avould be ridiculous | @uting 1922 a profit of $2,891,000! In fact If any company were to try | im order to meet the obligations im Posed upon it, the return of the fivecent fare would agpear a long way off. The contract entered into for the purchase of the street rail way provides that interest, and 3 Payment of installment of princtpal, shall be taken from operating rev @nues before operating expenses are Provided for, The principal source @f our difficulties to date has been that it has been attempted to meet the requirements of the contract Bot from operating revenues but from operating profits, quite a dif ferent thing CAN'T REWRITE ECONO) LAWS It ts right and proper that interest fon indebtedness should be paid from @perating profits, but entirely wrong that payments on principal sheuid Rot be so met. It has been the Attempt to violate this established Principle that has wrought so much harm to our city. The city has Purchased a public utility but it Ought not expect to be able to re Write economic laws because it has done so. Just at this time, the condition ef the strect railway business thru- out the country ts such that profits Dave weil nigh disappeared except (dln lt tan imam Rub on Sore Throat Musterole relieves’ sore throat @uickly. Made with ofl of mustard, f ts a clean white ointment that ‘Will not burn or Diister like the old. fashioned mustard plaster. Just spread it on with your fin- gers. Gently but surely it penetrates to the sore spot and draws out the pain. Get Musterole at your drug Btore today. 35c and 65e in jars And tubes; hospital size, $3. BETTER THAN A MUSTARD PLASTER Ben-Gay when in pain “Or better yet, say it at the next drug store, so the genu- ine French Baume will be in your medicine closet at the first twinge of pain. __BAUME BENG ANALGESIQUE ) isa stainless ointment whose penetrating, long lasting glow brings quick relief to sore throat, stiff neck, etc. It stimulates cir- culation as none of its imitators can. K a tube handy. Atall drug stores. ‘Thos. Leeming & Co, N. Y.. Amer. Ageums Get the Orig French Baume inal There is Strength in Every Tablet One dose often helps com. mence to enrich your blood and revitalise your worn out exhausted ne J iron, ike the tron in your blood and like the iron in spin. Ach. It is s0 prepared that {t Will not injure the teeth nor disturbthestomach. Itisready for almostaimmediate absorp tion and assimilation by the blood while some physicians claim metaltic iron which peo pie nmually takeisnotabsor bed at all. Ifyou are not strong or well you owe It to yourself to make the following test: See how long youean work or how far you can walk witbout be coming tired. Next take two five-grain tablets of Nuxated Jron—three times perdayafter meals for two weeks. test your strength again and see how much you have kained will be refunded by the manufacturers if you fo not obtain perfectly satisfactory results. At all draggists. NUXATED IRON eae finer the Nerves Nuxated fron is organic | Then | Your money | |to make the attempt, the public and jour department of public works would soon be after them eagerly te prevent it 1 may call attent |the action of the King County Logt» lative federation and the Women’s} }Civie Aub, which a few weeks ago began a fight for lower telephone rates, on the basis that the present rates are “unfair, unjus unreason able and more than sufficient Without knowing anything about this particular problem I venture to say that the telephone company ix not trying to pay nxt of Ite new building out of profits of operation, rest only but has sold bonds, the tr lof which it hopes to be able to pay |from the profits of operation which | }the new building will help to in| crease. If the telephone company ts | trying to pay the construction costs from current revenue then ft ts fust should try and proper that the publi [to prevent them. In the case of our street raflway we have started out on a program Jwhich requires that the emie public | utility, serving with the same equip. | |ment, the same people, shall sudden ly Increase its profits from about 1 per cent to 12 per cent. If we wil! rest satisfied when nays 5 on 6 | per cent it would be ynable. The street railway ma lart year over) | per cent. It i# making too much money Instead of not enough | MUST NOT TRY TO PAY PRINCIPAL | We must give up the attempt to! make enough, not only to pay inter est but to pay $832,000 of principal each year. It le not necesmary that we should, and besides we now ha rather good evidence that it cannot | | be done During 1921 we operated the prop lerty, maintained it handsomely, hay Jing expended $1,008,458 for that pur pose; charged $680,629 into deprect } ation reserve, pald $946.446 interest on af indebtedness and made be sides $226,000. Instead of trying to make the $833,000 payment excess profit over and above all proper charm thie amount, when it has been & Jered up from operating revenues jane paid out m settioment of the installment due, should be replaced by the sale bonds to @ like amount and restored in cash for the operating purpases of the property rather than going onte a warrant} basis, and as Mr. Peter Witt said, paying the debts of today with the | income of tomorrow. By this means / we will merely transfer the debt from the present creditor to the new | holders of the bonda. The bonds offered for sale may not, during the first few years, or) until the successful operation of the | street railway for a number of years hag eatablished their value, find sale as tility bonds at par, even if of. | fered at 6 per cent. It may be neces. sary, at first to sell general bonds | This will bring no demands on the | general fund, as the earnings of the property are ample to pay the inter. est. During exceptionally prosperons years, surplus earnings may be used to gradually amortize the bonds, but in genera! the plan ts to meet matur. ing bonds with refunding inwuea, In subsequent articles I will show how other demands on the street railway revenues may be reduced and new operating economies intro duced, which will enable the tem to consider an immedia reduc tion in fare | Report Ri Beivibe | Man Is Recovering William Gough Frink, ex-service man, and son of Mr. and Mrs. John M. Frink, 610 Malden ave, wag re | Ported at tho United States hospital | ys | at Port Townsend Friday as recover ling from his fourth abdominal oper ationygsince his return from France. | Frink, who saw ser In the alg nal corps and as first sergeant in the | Medical corps, underwent two opera tions for nasal and abdominal trou j Dies while in France His father is head of the local jbranch of the United States Rubber {Co. and his mother is a writer. Seed Loans Ready for Distribution WASHINGTON, March tribution of the $1,500,000 pro the seed loan act just signéd by | president for relieving the acute dis | tress of the farmers in the crop fail ure area of the Northwest will begin immediatety, the department of agri culture sald today. The “crop failure area” comprises North Dakota, northwest counties of |South Dako’ Montana, several counties in Idaho and Washington. | A WAREHOUSE to cost $40,000! will be erected adjoining the Seattle Warehouse company quarters at 62 E. Marginal way, according to ¥. Outland, president 0° the company COUPLE DECIDE TO GO TO BALL GAME INSTEAD OF COURT FRANCISCO, March 23 SA Teresa Schramm ted a dl vorce from Wi hramm |] “We will net the case for April | Judge Graham said the first day of the ball the pretty plaintiff pro. “You a fan?” asked the judge, who is one himeelf “Uh, huh,” was the answer. “Are you?” asked the court, || turning to the husband. “T'll say wo! | “Ail right,” suggested the judge. “Why not make up and || go to the ball game instead? | They agreed, and April 4 will be | the vests of Judge Graham at the opening of the Coast league CHAS, L, JOMUNSO. HH. L. PATCHEN A. L, SCHULBR MRS. MARGARET BENDER K. MRS. FI ©. D, JOK WILMA J. ELD RUSK TAYLOK A A W. F. KENNEDY HAMILTON Manufacturing Retailers of Announce the Opening on First on the Facific Coast MARVIN F, owning King & Co. CLOTHING, HATS and FURNISHINGS 4. F. HOEMBERG FRANK A. WILLIAMS . NICHOLSON A. BR. McCURDY ii “A National Institution’’ Second Avenue at University Men’s, Boys’ and Children’s Wearing Apparel Friday, March 24th of Our Eighteenth Store, the Constructed Entirely by Seattle Industry THIS ORGANIZATION WILL WELCOME AND SERVE “YOU L. 0. THOMPSON We Have Faith in Seattle MRS.. BLANCHE McDONALD “A National Institution’’ Second Avenue at University Seattle, Washington MRS. M, B. HOY J. 0. HARVEY Vv. B. MUNDAY JOHN G, HILL