Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1915-06-19

that this Is a day when real education
counts, immensely, for the practical
uses Of life, but real education goes
beyond the plane of utilitarian contact
to the moral and aesthetic cultivation
of men and women. A university can
not be laugh much that is exalting by
professors, even in the agricultural
school, who cannot and do not speak
or write good English to rise above
the flavor of the street corner. There
are still some fundamental require
ments for higher" education. The
perils of the white grub are not only
terror Of education at our greatest 4"
of state universities. Perhaps the
University would grow in grace with
president who could be more CON
spicuOus as a higher influence for
moral education, even if the Univer-
sity became less conspicuous in the
legislative lobby.
PLAIN LESSON IN FINANCES.
The Chicago Il Northwestern road
needs no endorsements in Wisconsin
Its head, Mr.. Hughitt, has no super
Tor In the country as railroad execu-
tive. 1t is well and economically con-
Quoted. Its officials are conserving
the property wisely. 1t pays divid-
ends regularly, yet | note with serious
interest, in recent statement of it's
business for ten months including
April, that its freight and passenger
receipts fell off, operating expenses
increased, and there was no increase
anywhere except to operating eXpen-
ses and taxes. Taxes increased $288,
600, and freight revenues fell off $308,
1852. Taxes grew per cent, and in
come from freight fell off 10 per cent.
In the face of such a showing, and no.
body questions it's honesty, from one
of the very best, if not the best man
aged road in America, what can people
expect will happen to weak roads, in
lean territOryp Everybody with even
the sense that God gives geese" as an
old friend of mine would say, knows
that the railroads can't pay increas-
ing taxes forever with shrinking in
come. Wisconsin is now collecting
more taxes from railroads than the
whole cost of running the state in 1900,
nd a nf
earnings of the railroads in hauling
Wisconsin business, freight and pass
engers. 1t will be plain, even to the
thiekest heads, some days, that no
people can get rich by taxing cOpOra-
tiOns, any more than they can by tax
ing themselves. They only tax them
selves, anyway, for in The end they
pay it all. The people who ship on
railroads, the people who borrow
money at the banks, the people who
insure their lives, the people who ride
on street cars, pay all these mis-call-
ed corporation" and income taxes,
and the more they pay, the faster
municipal and state extravaganza
grows, on the proceeds. If man can
run in debt or mortgage his house, or
his life insurance, as many do in
these days, to buy automobiles and
pay touring expenses, they can have
1.-The time of their lives" but it will
be short, and in all probability it will
be the end of their hilarious JOY. They
will dig the rest of their days for mere
existence. So with the municipality
or the state. All the frills of expen-
sive administrations will be nice,
while the money comes easy. but as
in the case of the private spendthTift
there will be an end to it. Already
the cost of money to municipalities
has arisen, % per cent to 331s pei
cent, within few years. This is be
cause municipal debts are growing
and security back of municipal bono
Ia not rs good when municipality il
bonded up to the legal limit. This
condition is growing, and money fol
municipal undertakings will cost more
and more as they run more and more
In debt So all the lifting of assessed
valuation, which automatically lifts
the debt limit and enables our eiyi
divisions to run into deeper debt, will
affect everybody's credit. All taxat
ion falls back untimely upon, thrift,
and the man who takes care of his
property will be forced to pay tbs
fool bills of his neighbOrs if they have
been saddled on to corporation" OF
public business.