Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-08-05
PARTICIPATING REVENUES"

The Sioux City Journal is exercised
over the phrase used recently in a
booster address by a prominent Iowa
| man participating revenues He said
in effect that permanent culverts and
| bridges may protitably replace old
wooden structures by sensible and bus
mess like anticipation of revenues. And
thereon the Journal falls into mock
epilepsy on the danger of ''anticipat-
ing revenues.
But isn't that precisely what every
farmer did who started with small
stake and OWLS his own farm today !:
How many successful farmers antici-
pated the revenues of the farm when
they bought it, knowing what the farm
was and figuring themselves into own
ership at the end OF a period of pay
ments? Isn't that what every youth
fitting himself for a profession is do
ing, anticipating the revenues the pro-
fession will return to its possessor:
Isn't that what the factory does when
it extends its buildings, junks the old
machinery and replaces it with modern
and efficient machines? How many
such Improvements are made except
on the basis of anticipation of reven-
ues? Didn't Bill Smith. who ten years
ago bought a home on the building
and loan plan and who owns IL free
from incumbrance today do that very
thing. Bill had it figured out that ten
right where he was then. He knew he
had to live somewhere and pay for it.
SO Bill put the rent into permanent
residence and there he is today with
a $4,000 property that has grown TO
be worth $4,000 this minute. Tom Jones
sneered at him when he bound him
hasn't a hole of his own TO hide in. He
pad it ont IN rent. Perhaps if he had
been county or a state he'd have
built box culverts- out of pine planks
and dragged dirt around all summer
on the roads. II all amounts to the
same thing when you think of 1t. 1t
leaves Tom Jones and the county just
where they started, looking after lot
OF money that dropped thru hole and
vanished leaving not a ''wrack be-
hind"
Some few years ago a newspaper
publisher in the capital city Of the best
state in the world-three guesses on
the location-was on the ragged edge.
We had the location and the oppor-
tunity was plain but needed equip
ment. So he anticipated revenues and
bought a big press at what seemed
very high price. He has what is
probably the smoothest money making
machine in the trans Mississippi to-
day. He anticipated the revenues he
saw held out to the man with sense
enough to grasp them. Perhaps the
anticipation of revenues back in the
days when Uncle George was buying
presses and equipment and keeping
up with the growth of Sioux City and
the northwest. For Uncle George could
see ahead farther than the end Of his
nose. An SO on thru farmers. business
men. merchants, newspapers. profess
sional men and all who have kept up
with the times and reached for their
share Of growth.
And one later and not so defensble
comparison. When a candidate spends
the salary Of an office several times
over in campaign for nomination,
that's anticipation of revenues and then
some isn't it? Merely as an illustra-
ton and an antithesis of anticipation
Of the revenues of a farm or a county
and an example of inconsistency in
those who shudder with horror at a
phrase, that's anticipating revenues with
vengeance isn't it? There is diff
ference plain to most observers in an
ticipating revenues to replace wooden
culvert with concrete and anticipating
revenues for a nomination which may
easily be an unpermanancy.
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