The Seattle Star Newspaper, February 12, 1923, Page 12

MONDAY * en ra FEBRI THE SEATTLE STAR _ PAGE 12 | Estate, Building SEATTLE BUSINESS—Finanee, Produce, Shipping, Rea aii (EDITORIAL) Half of Worid’s Supply Is Washington's tax burden is being broadcasted to in American Vaults the nation by the National Real Estate Journal. In BY JAMES T. KOLBERT a recent article it calls attention to the fact that . | Washington, which is way down the line in population, “at | WASHINGTON, Feb. 12.—America Bas too much gold for tts welfare, is right up in the millionaire class when it comes to ee hoound Low Tide Dr. Crissinger, comptrotier of the| P14 p.m, OD tax budgets. S@urrenoy, stated today in his annual | aenmapll Steinmetz Offers New BUYERS WANT Plan for All Industry CONSERVATION ROGER BABSON 118, Mase t seem to GOOD GALL FOR Ship News “orecu provuce Sell Tides in Seattle ee gn ey WELLESLEY 1 Feb, 3.—There may # be any direct connect alternat Purchasing Agents Deplore and Spinach Over-Booming Well Monday Altho cold Letture » between urrents and That the two same baste » evidenced i fact Uhat Charles F. tx has turned his genius things electrical to the prob human relations weather Mo! ackening trade generally, a ¢ lettuce and spinach Head ving fant and demanded higher pr “4 & erate being asked by mont jobbers, altho « few sacrificed at $3.76 pt brought #4. Caull flower movernent wan fair, and as the market has been short for the last few daya, the arrival of a car load this morning was welcomed and quotations were up to $3.26. Grape. fruit arrivals also reported. was re lettuce was m: Only three states spend more money, sig: . Ui for New York, Pennsylvania and Illinois. To load large consignments of | ported. Washington apples for the United Kingdom and North the Blue Star Mner Gothic Star manded by Capt. G. B. He due Monday at the Spoka: terminal the apples, Gothic Star will load trox fish, frozen berries, PON, canned milk, dried and canned fruits, n of nd med a of the Pur- Seat- may neth. henectady” rk he working His m for _— a was ere the only ans of stabilizing condition little giant of haw forsaken an appa od that generates rent of 1,000,0( of @ new industrial outlined in comple first time in 4 statement to inatitute Passing over their huge totals of money and popu- lation, we get to the significant result of its compu- world is in the United States tations; Washington's tax burden is $52 per capita. : as it may seem, this It doesn’t take an expert accountant to figure out “@oNeentration ts ax harmful to the that this is a dollar a week for each of us to pay to >} Waited States as the lack of the pre- the tax collector. If your family is of average size, ‘ metal ts to other countries, you are paying, directly and indirectly, $5 a week for Purope, om: early half of the gold supply of J cur volts Besides plan can’ a non where were thinkers of the dat the Economie stability ts based on the | Movement of gold, he pointed | America’s monopoly of gold ts re world ts Ratton at eo goed the public administration. It is true that Washingtonians get many things for their money that others do not. But even so, $5 a week is $5 a week. It is four times as much as New Yorkers pay, and we are to be pardoned if we against the business of the i » Crissinger said, calling at F to the drop in our favorable Dalance of trade. the docks of San Francisco and crews Zindorf Apartments Under 5-Year Lease ©. Zindorf has leased the Zin- Apartments, 714 Seventh ave, at a gross rental of $85,000. was Co. ‘FLEET READY) BAN FRANCISCO, Fed. 12. $Y Veasls of the Alaska fishing Moet Row ready to drydock for clean- ) img and painting below the water 4 that they will take on coal the canneries and load tin plate | box shook building containing 15 our money. KA FISH You might, however, story of Frankenstein, ask whether we are getting four times as much for We might say, “Tell It to your public officers, but experience has proved that this is next to useless, suggest that they look up the Thir- A unique way of celebrating Lin-| and stores will be loaded eee Se, | windows of Ite office at 1520 Weat- }take ave, a number of ortginal news: papers of the period immediately fol- lowing the assassination of the mar. | company, | tyr president. | EB McMurtrie for five sult of Booth are all graphically de- scribed tn the old papers. The display includes copies of the New York Herald of April 16, 1865, and the Washington Morning Chron- tele of April 22 and 24, 1865. is a sixstory reinforced totaling 175 rooms. The made thru the Puget SEATTLE AERIE RO. | be solely a cargo ‘The assassination Itself, the wound | plant and the ingoon will make head- ing of Secretary Seward and the pur-| quarters for the Wood fleet of lum- ber carriers. The mill will have a cutting ca- pacity of 200,000 feet, In an 14-hour ahift, sald F. J. Wood, president of the E. K. Wood chain of mills. will employ 300 men and add 1,000 to the population of Anacortes, Bay Announces a 30-Day Extension of Its Final 3B.00 MEMBERSHIP DRIVE With Its Goal Set at 20,000 Members OIN BEFORE MARCH 6 And Take Advantage of the New Low Fee! he Converse Company, INTERIOR TELEPHONE SYSTEMS (id TIME COST Watchman’s MACHINE nion Street 419 Spaulding Bldg. ATT L PORTLAND, ORE, Inc. CLOCKS 506 Orpheum Bldg. VANCOUVER, B. C. [BANK SHOWS |BIG, NEW MILL |: | RARE PAPERS) IN ANACORTES MOUNT VERNON, Feb. 12—The cotn’s birthday has been devised by |. K. Wood Lumber company, tt te }the Home Savings and Loan asso | announced here, has purchased the} leiation, which has on display in the| site of the old Burrows about five miles west of | Anacortes, and will st once bestn | the construction of @ mill The alte Includes a lagoon for log storage. }consists of 1,200 acres, The mill will It |tumber and general oa The American Hawaiian line now has four ships in Puget soundtp rts | The Dakotan, with 1,800 tons of gen eral cargo; the American, with 2,000 tons, and the My rrying a gen Rutabagne were selling for $1 to $1.35 | the Mi on the street. A Bcent advance in local quotations was effective Mond: The firm market last week held « and brought prices up to 31 r wtandard white-shelled ranc their energt and par country that the disastrous t periodn periods of bread lines—may be nened if not neutralized in Americ economic life. ay. | vat nts he | wild prosperity and then om ca an | every factory, par- Donaldson, who an- new mem- practically last four r more bers had be ed at meet the eral car | the run and 96 the | dareus for Tacoma, | kane, northbound, at | fusquehanne for Beatle. Feb, 16—dalled, | Pacific Coast Engineering Worke—U, & all arrived In Seattle Sur The Nebraskan got in rket waa steady day neveral | days ago and is now loading lumber | at Bellingham. Ships of this line, #0 | Artichol: cording to W. C. Dawson Co. dent agents, are averaging #0 for the trip from New York to Seat the minimum for reat days tle tayw being imum, The proposed bridge across Lake Washington to Mercer island will be incunsed at @ meeting called by Col H. Schuls, engineer offiser, at the Chamber of Commerce Friday reer Weather Bureau Report | ,.! IKLAND, Feb. 12 Rutabagse—Per Sptmach—-Per crete aun | 4, matore—Mexioan lug, repgek 1.00078 } | Turmipe—tmp., a) poner echr Tiverton, et 19 « m. one Arrivals and Departures ARRIVED—Foeh. iter 1 WwW. OD from San Pedro vis fan Franctec O48 a. mai etr Goihic Mar from Londen via Dalboa, at neon, Pes, lieair De ketan from Besten vis ports, vtr American from Daitimere 4s Dp om str Prince George from Prince Rupert via porte, BAILED—Feb. 11 for Prince Rupert via porte, at 11:46 p. mi ot © "Kirkpatrick for Pedro, a! Dh mm) ot Depere for Val peta ah pm Mars for Vancouver, 8. C. att am Fen 16-Mtr Me ter for fam Pedro, at T resend! Coroanate—-Per dow OranberriesWeatern, per box Dates Dromedary, 1-phaet Golden, per t. | Pige—Freeh Cal. 10 tons. Oranges Pereimmons Pineapple. Prices Paid Wholesale Dealers Almends—Ne Plas . . Alaska Vessels Beseit-—Fer'. feward—Feb. 10—flatlod, str Alameda, | Pecane—Per Tt. southbound. at 8 p.m. [Mined Nate—Per tm Potersbure—Feb. 10--fiatled, str Bpe- ‘ainate.Cal, No. 1, per %. op mm Buddet, per tb. ne a. e DAIRY PRODUCTS | Prices Paid to Shippers Ratterta:— Vessels in Other Ports Astorta--Feb. 12-—Mailed, atr Vicrence Lackenbach for Seattle, T a m. fan Prancieco—Feh 11—Arrived, #tr Highiand ‘ther from feattle, at & a m.; Chinese junk Amey from Seat noon. Malled—Str Ralnter for 7) At 8 a. m.! str Midna for Meattie, at 4 feattie deitrery Fage—Preeh ranch, white shell. Mixed colors Pees ; Pullets a Milk-—Cwt, Lod. Heattie supply ¥. 0. B. condensary, ewt DAIRY PRODUCTS Prices Paid Wholesale Dealers Local ereamery, cubes * at 2p mj str Tuscan Seattin, at & pm. } Han Pedro—-Feb. 10—Arrtved, str By arett from Everett. Feb. 11—tialled, atr str Huth Alexander for Heattle, x triplets Tillamook triplets... POULTRY AND MEATS Hoehos Airee—Feb, —Bailed, atr Weat| Prices Tald by Wholewale Dealers Katan for Seattle. | woe . Decks——Livra 2 The. and over .. Fancy, dreamed Vessels in Port at Seattle Smith Cove Twrmina!—Pier A—Atr Prest- | dent Madison, str Wille A. Higging str Admiral Rodman. Great Northern Terminal—@tr Toktwa Mt. re treet Terminal—U. & f Ragle Fancy 4 p.. Hons—4% Tha and up . 3 Modiurn, live, 14 to 44 Ta.. x Live, light, W Ma... : Fancy Gry picked 1 cent above Ihre, Grene—-Live, fat, to 20 Tha. Fancy dressed Belgian Hares—1% Draeeed Turkeys Roosters. Hoge— Chotos, Hoary, Veal— Faney, ferson, str Northwestern. Pter B—ttr Lehigh, str Admiral Watson. Union Pacific Terminal—Str Dakotan, str Atnertcan. Fancy 4 p. O14, Itve, liebt 11@ 12 , taney 19 G. B. Burveyor. U. & Bhipping Board Moortngs—ftr Too~ nium, str Anna M. Moree, str Sitver- ado, str Cross Keys, str Delight, str ingford, str West leon, str Weat Hartiand, str Lubrico, Connecticut Mtreet Terminal—echr Bophie Christenson. Atlantic Strest Terminal—fichr Camano, Btacy Strest Termina)—U, 8. 0. & Dell- wood, U, & CH int. Bpokane Mroet Termini Kindordise. Todd Drydocks—#tr Boxer, str Fulton, atr HF, Alexander, Puget Bound Bridge and Dredging Co— Hite Patterson. Ames Shipyard & Terminal—str Griffau, Nettleton’s Mill—@tr Nika, sohr Itove Ma- hone: Hoffornan's Drydock—ftr Roosevelt, mo- torahip Oregon. 1@ 318 Mod, iteht ... 10@ 112 Fancy, heavy, 166-200 Tha..... 099 12 POULTRY AND MEATS Prices Paid Wholesale Dealers 400 42) 11) ina] @ 10) A3@ 14) Live, fancy, Tb. Belgian Hares—Live, per T. Dreaned, per Tb. +... Cowe—Country dressed, Tb Hoge—-Fancy block .... TWENTY THOUSAND Gas Water Heaters Have been sold in Seattle in recent years, Everyone Requires HOT WATER An essential to health, Always a comfort. And an inexpensive luxury. Our Gas Water Heaters have proven one of the most satisfactory appliances we have ever sold. SPECIAL PRICE 500 Heaters Only Reduced from $22.50 to $18.00 cash or $20.00 on easy payments—$2,00 down, $2.00 per month, YOU HAVE A BOILER LIKE THIS IN YOUR (Ordinary connections included.) Main 6767 THE GAS COMPANY * | attalta *, 19 Growing Feed—1 00 CAPITALISM | SOCIALISM THE SAME “True capitalism tru iam are one and the same,” Dr, Steinmetz. “Originally vidual AND “There can be no permanent pros- perity,” he nays, “with Industrie ing with one another and with dozen I shops in every apitalism meant indi t To eliminate 4 Dr, Btein bill 1 of the Babson elf and the “ Originally ic control, comp present mets. ‘with each for hi devil take the hindmo socialism meant commun with property under common owner ship. Changed conditions have, how ever, changed the alms of both cap- italiem and soctaliam. Hoth of these apparently opposite groups have eradually been coming together. Where formerly they disagreed, both an to aime and methods, they now are agreed as to alma, and differ only as to the best method of bringing about this mutually desired result We make the mistake of thinking of cap. ialiem and socialiom as they existed @ generation or more ago, and not as they are working today. Capitaliem ones wan synonymous with individu: allem, and hence the capltatint hated the socialist. Now conditions have changed, and capital is as keen for contralized control as are the most advanced socialistic leaders. “The representatives of both capitalism and socialism are to- day seeking the same things, namely, the unifled control of in- dustry by a small group who | \ make such work their life's spe | elalty.” | ©CO-OPERATION TO REPLACE COMPETITION Turning from political theory to practical business organization. Dr. Btelnmets outlines a new way based | on pro@uction rather than profit. valley properly organized and con- then we are in a position to » unemployment and businens ions, The trend of capitalism {a to bring much a condition about It also should be remembered that the leaders in either a capitalistic or soclalistic form of government must work in the interests of soclety at er to hold their positions. an they hold thetr they make a success heir work. This ts why the ablest men of both groups ar a living wage for both por and. those who supply hone who per- Income Tax Facts Building Expense Business Repairs Machinery, Tools Necessary Books of $100,000, This is a capital expendi- ture for an addition to his assets. Capital expenditures are not deduct- able. Distinction fa made between ex- penditures for an asset and expendi- tures in connection with an asnet. [the merchant should, during year, spond $500 for repairs to his | Veer light . Med, Greene/ ..... ‘ LIVE STOCK Qvotntions af Stockyards Oattin— Prime steers Medium to Fair to good Feeders Prime cow Good cows ft) | or replacing broken windows, he may $00 | deduct such amount as @ business — expense. h Medical, law or other professional #.0¢ | books, machinery, tools, implements, or surgical instruments purchased by | taxpayer for use in his trade or professton, and which are of a per- manent character are capital assets | and their cost is not allowed as a de- duction. A farmer may not deduct the cost of a threshing machine or | tractor, these betng capital expendi- | tures, but is allowed to deduct the | cost of hoes, rakes, and small tools which are used up in course of a year or two In farming operations Th? purchase price of an automo- bile, men when used wholly for bust- | ness or professional purpones, is not | deductible, but is regarded as invest- | ment of capital. The cost of gasoline, : | repairs, and upkeep of an automobile 1p | 1% deductible if used wholly tn bust re tes ae ness. If used partly for business and * partly for the pleasure or conven- fence of the taxpayer and his fam- fly, such cost should be apportioned accordingly, Albers Bros. Has Good Half Year Albers Bros. Milling Co., according to a statement made public Monday, has Just completed one of the best half years of ita history. Net profits for the six months’ pertod, after deducting all charges, were $227,194, whioh {s approximately | three times the dividend require ments on Its 7 per cent preferred stock. A profit was earned by every one of the company’s nine branches. As an Indication of good business conditions, the company calls atten- tion to the fact that December, which is usually a poor month for cereal companies, showed a net operating Profit of $45,216. Prime tteht fmooth heary . Rough heavy toe Vrime lambe , “+ Feedere .... Cull lambs . w+ 11.80012.00 Feeders +... Wethers, light . Heavy . Ewes Culls FLOUR AND SUG/ Wholesale Prices Ploar—Family pat owt ‘ HAY, GRAIN AND Hay—Whotesale, ft, Mixed Hay . Straw ; : +22,00 City Dellvery, Wholesale, Per Ton Barley—Whoie food, 100's .. 0... 4.42.00 Rolled and ground, 10's-100's ....44.00 Clipped, 160'n . = 49.00 Corn-—Whole, yellow, 120°" 41.00 Growing Mash—10: Keg Mash—100'n, Seratch Feed. 5 Wheat—Mixed food, 50’ Cocoanut Meal... Cottonseed Meal Linseed Oil Meal . |: Alfalfa Meal Soym Bean Meal Bone Meal ..... Bone, granulated “We Are Advertised by Our Loving Friends?” We often receive letters from cus- tomers expressing appreciation of serv- ice rendered them, and we are con- stantly opening accounts with persons who have come to us upon the recom- mendation of old customers. We believe that this is an excellent puaeny that you will get satisfactory anking service here, and we cordially invite you to try it, whether you are an old resident or a newcomer to Seattle. First National Bank of Seattle Second Avenue and Columbia Street working for Business expenditures are not al- ways business expenses within the meaning of the income tax law. For example, a merchant may build an aidition to his warehouse at @ cost It the °° | warehouse, such as painting the root Purchasing Jat the meet! Frye & ( man & Hanfe Steamship Co., an ts who were guests were; @ A. Lilly, ank L. Hawley, Low. 8. G, Taylor, Alaska George Crimmina, Entertainment was by Miss Elsie Anderson, Beott and Mr, Mitchell. will be held at SHOE DEALERS TO GIVE DANCE Seattle shoe dealers will be hosts to |thetr workers at their second dinner and dance to be held at the Masonic Valentine's eve (Wednes- A large attendance ts anticipated in view of the large ticket sale re- ported by R. A. Gemmill, chairman jof the committes on arrangements, |representing the shoe merchants. Identification cards in the shape of hearts will be issued to those attend. ing the dance, Four prizes will be gtven to the store staffs presenting the most en- | tertaining comic skits during the din- |ner, Gove's orchestra will play dur- ing the dinner and danoe, with A. J Bates at the plano, The dinner will | be served at 6:45 in the Masonic din- ing hall. INSURANCE CO. OFFICE GROWS Leasing of the entire second floor |of the new Clapp building, on the jeast side of Fourth ave., between | Spring and Seneca sts., to the North- ern Life Insurance company has been announced by Henry Broderick, Inc, The leane is for five years and cccupancy will begin immediately upon the completion of the buliding. The Clapp building adjoins the Present location of the Northern Life Insurance company, and the plan of D. B. Morgan, its president, is to cut an entrance way into the new build- ing, whereby the offices tn the two bulldings will be made tnto one. The plans include extensive alterations. IN. W. Contractors Elect Officers John M. Clifton of Spokane was elected president of the Pacific Northwest branch of the Association of General Contractors of America at the final session of its convention at the New Washington Saturday. Other officers were elected as fol- lows: Vice presidents, J. B. Warrack, Seattle; A. J. Walton, Portland, and G. W. Gauntlett, Hoquiam; directors, John M. Clifton, E. T. Johnson, | Portland; A. J. Welton, Portland; J. E. Bonnell, Tacoma; John Chalmers, Tacoma; H. W. Morrison, #olse, and G. W. Gauntlett, A dinner at the Arctic club closed the convention. Postal Telegraph Co. Gets Up-Town Office The Postal Telegraph company has leased 2014 Third ave. for a term of years thru Soott-Poor, Inc. The building will be remodeled for an up-town office and will be ready for occupancy about April 1. Scott-Poor, Inc. also announce the leasing of the entire fourth floor of the buftding on the north- east corner of Pike st. and Terry ave, owned by the C. D. Stimson company, to the Nute Motor com Frontenac Sold to Pacific Coast Co. Sale of the Frontenac apartments, 414-410 Boren ave, to the Pacific. Coast company for J. H, Cook, 1s) announced by John Davis & Co. | Tho Frontenac fs a three-story brick | veneer building, 50 by 120 feet, and ‘was bullt 12 years ago, The consid- eration was $70,000, and included the transfer to Mr, Cook of three flat bulldings at the southeast corner of Pontius and Roy sts, Hundred Per Cent Club Meets Tuesday The International One Hundred Per Cent club will meet Tuesday noon, at Rippe's, 1421 Fourth ave, Bob Frame will be in charge. Talks will be given by Don Tingling and Jules L, Charbenay and readings by Miss Garnett Kager, of the Cornish school, MARKETS CLOSED NEW YORK, Feb, 12.—The New York stock exchange closed today, Lincoln's birthday, eee NEW ORLEANS, Feb, cotton market Holiday, 12.—The was closed BOILS PAIN Merten Holl Planters «1 md open the by All Drug Stores—250