The evening world. Newspaper, March 29, 1920, Page 20

i By i * »» the same, it,seems up to the middle class to shoulder 4 ESTABLISHED BY JOSEPH PULITZER. ‘« Row. PULITZER, Jr.. Seoretary. 63 Park Row. ‘MEMBER OF THE ASSOCIATED PRESS. The Amociated Preas te exclusitely entitled to the use for republication Gqrediited to It or mot otherwise credited im this paper THE SMALL INVESTOR'S GREAT CHANCE TTO H. KAHN has described the present atti- tude of capital and its effect on production. Owing to heavy income taxes, investors of great and sane investments of medium yield, suchas rail- | road and public utility bonds, After the income tax is paid such securities do not leave a large margin for spending or saving. Persons of huge income prefer the limited issues of tax-free honds or else the more speculative venture with small promise of immediate profits but in which there is the probability of future profits when the income tax shall have been moderated. As a result of this “strike of capital” railroad financ- yfing is hampered, construction of conservative produc- # tive enterprises is delayed, and housing is at a standstill. All this work needs to be done. The delay is an .simporiant factor in living costs. It hits the average man, the small investor and saver, But there is no : reason why he should not take advantage of any) "features in the situation which favor him. The fact is that this “strike of capital” results in an investment situation unusually favorable to the avét-' ‘age man. Many of the best and safest bonds may be | **hought at low prices. For the small investor the in- , come tax provisions are of small concern, + on surtaxes that the percentages materially affect the | fale of return from investments. ## Many standard bonds are now on the market at! “*prices which result in a yield of 7 per cent. with a/ s high degree of security. These are not particularly #/ good investinents for the man of great wealth. They | **‘are for the small investors. ut When labor has struck, the middle class has had .e to bear the brunt of the burden. If capital is doing * It is only | aa problem of financing productive investment. It ‘@has the opportunity to do just thf It has the ability | ‘if it can be educated to the idea of saving and buying for investment. EXPLOITING WICKED GOTHAM. OUR weeks ago the Saturday Evening Post on its | _ Cditorial page took occasion to lecture New York | severely in an article entitled “Gotham and Go-| anorrah,.” # Among other things the editor remarked: It is unfortunate that the city to which America naturally turns for an example in man- ners, morals and standards of living is so largely populated by homogeneous European races and | unassimilated Americans. New York sets the styles for the country, and on the whole sets them badly. In fhe current issue of the publication there are seven short stories. In view of the Saturday Eve- ning Post's publicly avowed opinion of the metrop-| olis, it is somewhat surprising to note that six of the * seven deal with New York and New Yorkers. ‘© Biitor Lorimer had best have a care. If New York | zs so vile as he represented it, the Comstockians are _ aot to be after him for contributing to national delin- *equency by portraying thgse “badly set styles” at pet {Aongta, _ Postmaster General Burleson may decide that his! **publication is unmailable, These failing, the New York Police Censors may rule the Philadelphia weekly off the news stands, oo THE TELEGRAM HABIT. HAIRMAN IRELAND of the House Committee on Accounts reports the collection of about $5,000 4a irom members who have sent private telegrams at te Government expense. fe The amount of the public telegrams properly {, Shargeable to the Government is not indicated, ¢, Official use of telegrams is a worthy subject for Strict supervision in the interest of public economy, When the “dollar-a-year men” went to Washing- ton they took with them the habits of business, in- * cluding the general and frequent use of telegrams. #, The ends they sought justified the expense. Tele- grams hastened business when business required utmost “haste. #* > But the timte servers, the bureaucrats, the propa- Yégandists, the subordinates with inflated opinions of theinsselves, were quick to learn the trick, As a result | Washington telegrapn wires were overloaded with #&messages which might as well or better have gone by mail. Department propagandisis used the wire to be more certain of reaching the eyes of editors instead | *»of their waste baskets, " All told, the bill added very considerably to the load of the taxpayer. we And Washington has yet to learn that the war is # over, & | There are many cases in which Congressmen should | use the telegraph—even at Government expense. In| the interests of economy it would seem reasonable to they could prove to the Auditing Committee were entitled to Federal payment, rater than to require the | ‘+ Committee to collect for those which were clearly per- of ba The burden of proof should be ‘on the Con- gressmea, wealth no longer have so much reason to seek the safe » jthe statutory limit! ling) : | be paid out of taxes. "ay SVENiNG WORLD, MONDAY, MARCH 29, sariichanpied and-I'tl- pecratehyours” attitude is apt to develop—at the taxpayer's expense, | WORTH STUDYING. PS areved immediate and significant results of the present acute stage of New York's housing is and the concentration of public effort to relieve | it, two are conspicuous: (1) Rapid growth of the co-operative ownership | movement among tenanis—accelerated by realty spec- | julators eager to unload their holdings before new rent laws prick the bubble of inflated realty values. (2) The frank recommendation of the State Re- construction Commission on Housing Conditions that a law be enacted providing for the appointment of al loa State housing agency and the establishing of | ‘local housing boards; also for ‘the development of a. means for using Stale credits to apply to housing at ‘low rales of interest without loss to the Slate.” A way in which State aid and co-operative tenant | | ownership might be combined is suggested by a pro- | Th, | | Sramme worked out in England last year for housing | | by public utility societies. | The following outline of the British plan is taken \directly from a report of tie Government proposals issued by the British Local Government Board, Under this British plan a Public Utility Society is a society registered under the Industrial and Provident Societies Act of 1893, which defines how co-operative societies may be organized for carrying on “any in ‘dustries, businesses or trades specified in or authorized by its rules,” In order to qualify for registration under that act a society must have not less than seven members and a Secretary, and the share ‘nolding of any. individual | member must not exceed £200, though this limit does not apply to holdings of loan stock. eitner of interest or of dividend at a rate exceeding It must include the provision of working-~<lass houses as one of its “industries, busi- hnesses or trades,” Once organized and duly registered, the Public Utility Society can obtain from the Government assistance of two kinds: (1) Loans of money, and (2) Money subsidies; (1) LOANS: It is proposed to allow Public Utility Societies to borrow up to three-quarters of the cost of their land and buildings. Their former powers of borrowing were limited to two-thirds value of the land and the houses they built. With labor and material at its present prices, three-quarters of total cost is considerably more than two-thirds of total value, for the market value of a house built to-day is by no means as high as the cost. (2) SUBSIDIES: In addition to making loans them also with subsidies. These will be given in half-yearly payments, and each society’s sub- | sidy will be an amount equal to two-fifths of the charges for Jnterest and gradual repayment of principal on the maximum amount which the society is entitled to borrow from the State. Illustration (substituting dollars for pounds ster- Supposing ® society decided upon a building scheme to cost $200,000 and borraved from the, State three-quarters of that amount, namely, $150,000. Supposing, for the sake of example, that the rate of interest was 51% per cent. per annum, Allowing for gradual repayment in fifty yearly instalments, the yearly charges for interest and repayment to be paid on this $150,000 loan would amount to, roughly, $8,850. The Government subsidy to which the society would be entitled would be two-fifths of this $8,850, namely, $3,540, every year during the period of repayment, leaving the balance of $5,310 and the charges on the $50,000 capital privately subscribed, together with cost of man- agement and upkeep, to be met out of the rent of the houses built. Although such State assistance is designed “to open to many grovps of working men and women a road towards the possession of? homes of their own de- vising,”’ the element of self help is by no means elim- inated: Each society must oblain from its members or from private sources in the shape of loans, loan stoc! or shares, a reasonable proportion of its capital, equal The society must by its rules prohibit the payment | to Public Utility Societies, the State will provide | | 1920. (0. 64-- CLARISSA HARLOWE By Samuel Richardson. C!. rissa Harlowe was young aad unsophisticated and ¢rusting, She knew nothing of life. Her rare beauty and innocence thus were perils to her—perils which she did not realize in her sheltered coun- try existence in eighteenth century England. 2 Clarissa was wooed by a dashing * |profligate named Lovelace. She had ca -ht ‘he man's battered affections by her pure loveliness, and he pal court to her with all the ardor and jskill that had won so many wiser cn, w, to gain the heart of so un- isopiicticated a girl as Clarissa wis |no rouble at all to so accomplishes a lady killer as Lovelace, The sus- ceptible maiden fell hopelessly in love with her handsome suitor, and was overjoyed that so wonderful a man should care for her, *Lovelace’s intentions were honor- able. He was eager to marry tho little country beauty who was so re- freshingly different from the other women with whom he had amused himself. But when he asked her hand marriage, her family sternly forbs the match, They knew his reputation and is character, and they d'd aot intend ‘0 trust their beloved Clarissa’s futwe jhappiness to so dissolute a husband. | So Lovelace's proposal was rejected |by the girl's guardians, and Clarissa | Was forbidden to see him again, | Clarissa was miserable. She had jfull faith in her lover and she be- {Hevea none of the injurious storie: about him. He was the one man in all the world for her, and she could not forget him. Lovelace had no idea of letting her forget him, nor of yielding to } relatives’ command that he see li no more, That was not his wa Throughout life. he took what ia wanted—even though he seldom went on wanting what he had taken. Thus it was that Clarissa’s family |awoke one morning to the horrifying knowledge that she had eloped with Lovelace. The poor girl's dream of love was brief and tragic. In a little while in she saw how worthless and dishonor- able was the blackguard who had Her stolen her from her home. eyes were open to his true nat now that it was too late to undo wii: The B. y Legisiatoras, ‘To the Bitor of The Evening World No, dear Editor, the following list wus not.made by me to exhibit my ability In manufacturing jokes, but 1t includes some of the recent ’ bills passed by the Assembly up in Al- buny. Here goes 1, The opening in lobster pots be two inches instead of one a half inches. 2. No squirrels are to be taken in a city or village without a per- mit 3. Permission extended port and raise Hutchinson geese. 4, Allowing towns to appropri- ate money to control white pine blister. 6. Licenses required to raise and sell Japanese deer, Why don't our lawmakers stop jok- ing and get down to business ‘and enact laws which should really be beneficial to the community at, large’? If our solona up at Albany ‘expect to be returned next year they must disregard the wishes of certain bosses and only heed the desires of their respective constituents, Yours sincerel ABRAHAM LIELSON, Nicholas Ave., March 23, 19: to to Canada im- and 167 St Homes or Movies? to at least one-third of the money borrowed or bor- rowable from the State, i, e., one-quarter of the total} cost of its housing scheme. | Each society must be prepared to rank its debt to} the State as a “first charge” on its prOperty, and its | loan stocks as coming before its share capital for pur- poses of interest. It must be prepared to build houses on en lightened lines, approved as to site, lay-out and plans by the Local Government Board, It must be prepared to charge fair and reason able rents Further, it must hurry on with its building The State's offer is made exp rssly to meet the problem of the urgent need for houses and the high cost of building them, and is limited therefore to schemes which are carried out within two years of March 31, 1919, or such fur? ther period as the Local Government Board may allow, In its present efforts to start house building, New York should not overlook this British plan. Housing by Public Utility Societies is neither so- cialistic nor sentimental, It is not a State charity to ‘To the Halitor of The Evening World T note from your news columns that a theatrical magnate is dispossessinir sixty or seventy families so that he may tear down their homes and build a moving picture house so that he may increase his revenue, Before we criticise labor unions for the shortage of buildings lel us get after the big amusement men and financiers who are daily throwing women and children out so that more and more amusement palaces can be erected How such is it that if there really is a shortage of labor for building man can undertake to If we cannot build any houses at least let us not pr it any to be torn down So as to In » the income of people already swollen with profit. r once in our lives let us put human beings before property. BENJAMIN SOLOMON, . 39 East Bist Street, York, March 21, 1920, New City Needs More Mik Lo the Editor of The Byening World Some days ago I read a full page statement signed by Loton Horton, President of the Sheffeld arms It rests on a business ba Nor is it wholly foreign to American principles and practice. It is only a broadening of the building loan idea with which this country is familiar, In an emergency like the present in New York, State aid to co-operative groups might be applied not only, to induce néw building but to the purchase and im- is. provemeht of old houses in the interest of ‘nard|f, Milk Company, the gist of which was that there was no presegt demand for he 2,600,000 quarts of milk that is be- ing withheld daily from this city, and that even should it be sent here it would not reduce the present price, which is prohibitive to persons of moderate means and especially the | children, I have been in the milk busines: am surprised that such a statement should have been prepared and printed and put before an intelligent public. If those 2,500,000 or more quarts of milk were received in this city daily and distributed the price would soon be where it should be—10 cents Bee quart or less, not 18 cents. I state this because I know tuny | what I am saying is true, and so do! those who at preaent control the milk | market. PERCY JONES. 32 East 32d street March 2 “A Dwindling Anderson.” To the Editor of ‘The Brening World: ¢ Your article in the editorial column of March 23, 1920, entitled “A Dwindling | Anderson” is the best that you have/ ever written, How will this oral bully | like a dose of his own contemptible “meat axe?” As Socialistic and Bol- shevistic propagandists Emma Gold- man and Alexander Berkman are angels as compared to this fanatic turned loose upon the people by the Anti-Saloon League. I sincerely hope that a man like Gov. Edwards will yet save many from voting a Socialist ticket in desperation and as a protest on the Eighteenth Amendment and the activities of the despicable Mr. Anderson, Wishing you further success in sub- duing Anderson and your efforts in the cause of the workingman, JUST ONE OF THE MILLIONS STRUGGLING FOR EXIST! Third Ave. Brooklyn, March ‘ould a Bonas Be One. ‘To the Editor of The Evening World: Your editorial March 6, “Would a Bonus Be One?” states, in effect, that the bonus claim is a just one, pro- viding the method of raising the revenue be effective in providing a real bonus wilh actual purchasing power, and concludes by stating that those that need the bonus seem to be victims of economic circumstances and are “out of luck." Supposing the men who volunteered or were drafted during the war bad said those remaining safely and comfortably at home and incidentally making more money than they ever made before, “If any one can devis a method whereby we car many and protect your li terests without part, we will gladly go over and beat Germany.” What would have hap- pened? It is very easy to find excus not doing something that requires a slight sacrifice, The people have for- gotten the great sacrifices that the men made, particularly on the front lines, in Fran What most ex- service men need is a hundred or two to get started with, not words or ex- cuses, but a little of that which they so freely and that beat the German Army I attended a lecture by Rabbi Wise at Newport News just prior to em- barking for France to take part in the big drive. He spoke especially about the sufferings of the people of Belgium and what the American people expected of the United States for Army, and stated, in effect, that he and am thoroughly familiar ayy 9 i from milking the cows, gooling and milk ideivering: it to T only say pe R28 a ma and rl Sunes ron ABABA MOUS, it eir special business pro- yoot our aye 208 while we were be acd ers eit wes i ee bad been done, UNCOMMON SENSE By John Blake. (Copyright, 1920.) DON’T BE AFRAID TO HELP OTHERS. The busiest man can find time to be helpful. The most determined man can, without harm to himself, stop now and then to help others on the way up. Few successful men there are who have not done much for their fellows. The race for success is hot and hard, but there are always times when others can be lifted from the roadside and put back on their feet. Hard indeed is the man who will not offer a word of advice or encouragement to a brother bound the same way. There is little enough kindness in the world, but that is he fault of its great men. eed biography and you will discover that practically all those who attained high places in the world were glad to give others a hand on their way. The old, the weak, the ill need help, as a matter of course.” They need more than they receive, although the world is learning day by day beiter to provide for them. But the young need help too. They need to be told of the dangers that wait on ahead and how to avoid them, They need the lessons that the more successful can give them, and above all they need encouragement when they get ‘in the dumps,” as the young are prone to do. You will never be so poor or so unsuccessful that you cannot afford to be kind. Your way to prosperity will never be so hard that you will not have opportunity to speak a cheering word or “doa kindly deed to others who need your help. It is well enough to be determined to succeed, to be de- yoted to the achievement of success. But he who climbs to the top over the backs of his fellows gains a prize not worth having, and lives and d mean, selfish and despised—a life that no decent man would wish his deadliest enemy Do not be kind because it pays dividends, Do not be helpful because you expect to profit by it. Be kind because you WANT to be kind, and your life will be happy and your old age filled with conte ntment. not Dn nnn nn nA AANA nance But Lovelace did not go unpun- lished, Clarissa’s cousin forden, challenged him to m combat, to avenge Clarissa’s wrongs. In ‘the |ensuing duel, Lovelace was killed | But Clarrisa could not live on, | without him and under her crushing burden of shame and of grief. \still in early girlhood, she died f1 a broken heart. News Flashes | From Around |The World \U. S. Lighthouse Service Extens The United States Lighthous: Service now maintains aids (0 navigation on the coaats of «il | territories under the jurisdiction of the United States except Panama and the Philippines. These latter coasts are under the care of the Army. In all there are 47,000 statute miles of coast line, including some interior river channels, where navigation is under the care of the service ee 9 High Cost of Beer. At present it takes around 40 German marks to equal one reat dollar, Since it takes 100 pfen- nigs to make a mark, about 4.000 pfennigs have the pur chasing power of the aforemen- tioned iron man, At this rate, and figuring economically drinking light beer at 12 pfer nigs a glass, the lowly bw private on the Rhine manages to knock over 338 1-8 heers for one dollar, If he is splurging unt slaking his thirst with origina! | { on Ceres over on us, “Did they do it? Those| The Evening World, Govern of us that came back found Prohibj- American Legion have any tion, living expenses increased wit The Y. M. C. A, has no out "a (corresponding increase | in| difficulty in raising hundreds of mi wages, Government land that failed 3. ‘The Prohibition Party gel to materialize and Representatives thet snarling and ulling each other's hair, On your front page you men- tion a religious party going after a Pilsener. he only gets 100 drinks for his dollar, or at the rate of t cent a drink, i ae The 1919 Vintage, The 1919 vintage in the Oporto ie t pal ever ne at to get the maney billion, The “Y" would give us good consular district was excellent, while the grabbing was goo vice on how to spend the $60, not a 7 benevolent Government gave us $60| forgetting the “Y,” or the Prohibition | "4 ¢xeeeded expectations, In to start all over again, The Party's one hing. We| Spite of heavy frosts during the 4 CS oe are Sieerenrn ane probably owe, The re-| growing season, which in some chocolates when we no longer nee igious organization give us i them, Have often won-| religion in the place of an overcoat to | a7ea# destroyed the vines, cni any of the kind hearted! keep us warm. ditions were generally so favor- gentlemen who voted that $60 to us fInagined we were going to buy a suit of civilian clothes, shoes, hat, Shirts, underwear, collars, ties, &e., pay in advance for a room, hunt a job and eat on $60. I for one would like to know how it could have been done. Some might say, “Well, you did it,” I didn't do it, I borrowed the money to do it. I have still got it to’ pay pack, The Evening World is right; we were out of luck, out of sight and out of mind. A disagreeable matter | disposed of in grand style, “Here's $60. when another war breaks out, thi thing may give the home-lovin (staying), money making some of their own medicine, war, [ am not a member of th ization, but an American who Don't forget your war risk insur-\petter phan it has done to eliminate increase in wages of laborers a)’ ance. This way out.” the hihdicap placed upon him far the uncertainty regarding prices ‘This is not intended as a hard luc! volunteering in an emergency, en would receiv, tory, but as a line on how ex? ‘mulliong held back. ad Pathal nig te men view. this New York, March 25, wine. Perhaps some time in the future, same class of men who volunteered during the war and gave up every- Patriots I am a wiser ex-soldier who volun- teered and fought and suffered on the front lines in France during the American Legion or any other organ- be- lleves that this Government can do able that the viniage exceeded that of 1918 by 271-2 per cent, The quality of the wine 4s fur above the average for this dis. trict. The productio& of wine in the district during the season 1919 was 2,114,660 hectoliters, There was no increase in the area planted in vines owing to the is 3 e