davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-12-28

would be greatly in excess of the taxes
it would lose by such remission.
1t is because Of this fault in the
income tax law that all the interests
allied with the real estate market and
particularly with the financing of big
building operations are collectively and
sovcraly demanding the enactment Of
the Mclaughlin bill in Congress.
This bill does not call for the
exemption from income taxation OF all
the income from mortgages, as in pure
economies it might legitmately dc,
but for the exemption of the income
rom only $4,000 of mortgages in any
individual holding. from taxation
under this law. The large institutlons
which are chiefly engaged in financing
the real estate market are all back
of this bill Their officers and man
ayers have expert knowledge of the
operation Of the present law and OF
the vital necessity for its amendment
are the New York Board of Title
Underwriters embracing all the title
and mortgage guaranty companics)
the Real Estate Board OF New York,
and all the large mortgage companies.
These have the cooperation and sup
port Of the Mcrch chants' Association, the
United Real Property Owners Asso-
citation and the Advisory Council of
Real Estate interests.
The Mclaughlin dill has been in
troduced in the Senate, at Washington,
by Senator Calder, and a similar bill
to amend the state law viii be sent to
Albany for Introduction soon after the
Legislature shall convene, on Jan
uaryl.
BY that time steps will have been
taken through and by which all real
property interests viii have oppor-
tunity TO express themselves upon the
measure.
In addition to this the Advisory
Council of Real Estate interests will
demand of the Legislature at Albany
an act limiting the power Of direct
taxation of real property to so per cent
Of The total annual tax levy
There is advantage to nobody in
hampcring and restricting the free
operation of real property development
anywhere 1t IS the very foundation of
all wealth, and every effort to burden
it unjustly and uneconomically is
bound to react upon all other systems
and forms of production. A brilliant
prospect for nationwide development
IS apparent to everybody. 1t will be
all the more certain when these un-
natural restrictions are all removed.
New-York tribune., 1919-12-28
Nations Demand for Share of
Income From Realty Mortgages
Is Holding Back Construction

sight to declare that they will be un-
dertaken-and probably by the govern
ment (which in this sense means the
people in their collective capacity)-
because there are no individuals or
groups of individuals so we'll qualified
and so competent to do them. And
although the government viii undc,,
take them, the people must pay for
them out of their savings.
Quite naturally, the primary purpose
OF the lawmakers when these national
and state income tax laws were enacted
was to raise tremendous revenue
tor war and reconstruction purposes.
1T is hardly matter for surprise, there
fore, that they were little careless in
considering the proper incidence of
taxation. or were at least satisfied to
take broad chances as to whom or what
the tax should hit or miss.
AS a revenue system the income tax
IN its broad and general application
has received general approval. For a
measure SO large y experimental in its
trst forms it has demonstrated its
Workabllty, even il in practice it has
disclosed some rough and uneven feat
ures in which it operates in outright
violation of fundamental economic
laws Right economic principles of
taxation require that the tax shall be
just and equal in application; should
take from the taxpayer only part of
his income, whether from rent, in
tefests, profits or wages, and this in
equal proportion conditioned upon his
ability to pay
When a tax is found in operation to
hear unequa'ly upon any industry Of
interest, to "obstruct the industry of
the people and discourage them from
applying to- (investing in) Certain
branches Of business which might give
malntenance and employment to great
multitudes," it Is operating in viola
tlon of these Fundamental rules; is to
the extent of such violation doing more
harm than good, and should, in the in
tcrest of the welfare of the people at
large, be amended and corrected
This charge of undue oppression
and inequality Of operation has been
brought from many points upon sew
eral features OF the revenue law. and
upon none more aptly and properly
than against the income taN st lions
Of that law III its effect upon the build
ing industry and all Of its collateral
branches throughout the country
Tax Works Against Realty
1t is in the nature of this industry
that it requires for its successful pro
motion and operation the use of two
thirds, in the average. of the total in
vcstment. in basic capital at low rates
ci interest. For generations this basic
New-York tribune., 1919-12-28
Madison Ave. for Men

Madison Avenue will bo de-
veloped north of the Murray
Hill section as mems street;
that is, it will be a street of
buildings planned especially for
tho display and sale Of mems
wear. believe it will be fash
ioned after some of the Old
World streets, with buildings of
unusual architecture; it will
have continental atmosphere
that SO many American men find
pleasing in the cities of Europe.
Fifth Avenue will continue to
grow as woman's street and
its gIorics will increase greatly.
1t will be the greatest womcn's
street in the world Soon we
shall have this division-Fifth
Avenue for women and Madison
Avenue for men. George
Bockor.
New-York tribune., 1919-12-28

futuro. when the basic capital can be
obtained. and the materials and the
man power
Besides which the needs for con-
struction arc urgent; the people need
housings and Offices and workshops,
and the demand for these is so great
that 1T is breaking through all arti-
fetal restraints in many directions.
For the class of construction costing
under $4,000 per unit there seems to
be sufficient supply of basic capital
at rates of interest which builders are
able to pay, but for apartment houses
and business structures of the kinds
that arc NEST in demand in all the big
cities. and which cost from $50 900 to
$l.00O,000 and over to produce, the only
money available is that for which eX-
orbltant rates must be paid.
A certain. amount OF construction of
this sort ia justifable under present
conditions, provided the mortgages by
which the basic capital is secured are
amortized at rate which will reduce
them to normal proportions before an
equilibrium between supply and de
mand for such housings is rcostab
hshcd, when the rents obtainablc now
may and probably will recede to some
extent. That rents will ever again re
hardly conceivable, although ever is q
long time.
Fear Rent Recession
II is the apprehension in the minds
of builders that rents and costs of con
structlon may recedc to some extent
within the next few years, that is hold
pg ,ncm back from building, even if
they were assured of basic capital ma
teriais and man-powcr. A decline of
''c as : per cent in cost Of pro-
duction would probably wipe out all
d roapect OF sale at a profit, and of 10
per cent would saddle them with actual
loss. Under such conditions conscrva-
tlsm IS their rational attitude
A first and imperative step toward
aettiee conditions in this all-essential
industry is the release of the mort
cage market from the thralldom Of the
income tax. People cannot be forced
to lend their money on mortgages at,
normal rates with that incople tax
hanging over them. And to compel the
builders TO pay rates of interest for
basic capital equal to the rdinary re
turn on mobile capital means only a
saddllng upon the people at large Of d
permanent, unacceptable increase in
rents and in the cost of living For the
consequence OF adding a permanent
charge upon production is invariably an
increase OF cost to the consumer.
Even that might be justiGable in
ONE sases, but this is not one of
those cases. On the contrary. the lift
ing OF this charge flcm the building
Industry VIII beyond question encour-
age Investment in the industry and
thus give maintenance and employ
nent to great multitudes." 1t might
be added that it would stimulate as
nothing else would the production of
the better forms Of a nations wealth
and of municipality's taNablcS. Thus
the nations gain from the remission
"t at 7east small part Of the income
taq from the interest on mortgages
New-York tribune., 1919-12-28
Realty Is Holding Own in
Fierce Competition for Monev
Richard NJ Hurd Says Mortgage Situation Is Improv.
ing; If 1t We're Not for Distractions There
Would Be Plenty of Real Estate None,

law, Is being invested in arst r.
cages. The small investor il be;,. an'rS
tracted INTO the mortgage field hrs q. o.
offer of guaranteed first mortgays ne .as
tlticatcs, these being shares in
mortgage On improved income proa.s AZ
lng real estate in New York ~
This plan Of subdivlding frs...,.
mortgages has been used by the las T.ass
yers Mortgage Company for the ,,s.
tfteen years and is growing rapidlr :.
favor. Every year hundreds Of ~. u
customers are buying these certife.ssosa ass
IN amounts of 500. $500. 81 .0oo ass
the total sales OF inc LAWYERS ~
gage Companv FOR thc las. vear ha,' ihaVr'
about s2,O0O,0o0. ard the vield bs;.ss
or 5ia per cent. As
As 10 the building loan .;.,..:
never in thr history Of The -.
States have the cities been So r,naaa r,r.i..o
built. New York in particular "a sSf
fcrlng from an acute housing shor.sc.
due to the stoppage Of building dur;sr
the war and in par 70 the uressre
high prices OF material and lsho-
herever 3he quanity theory Of rnono,.
IS accepted ard such an acceptance :
nearly universal the phenomenon -
rising prices is attri ributed 10 tho /;
mini red purchasing power Of -he doi
lar. The increase il round tgures a.
the worlds currency from $40 600 ooH
000 to $4,000, 600, ,000 and o. the World.
Indebtedness or credit instrunents
from $40, ,000, ,00G,0 900 10 $220O0O coo 0OD
means an initiation under wh;c:, tho
purchasing power q The dollar drops
to 30 cents.
Many builders and lenders have hes.
tated to erect or finance new buildings
in the City Of New I ork. anticipating
drop IN the price of material and
labor. but the Lawyers Mortgage Com
pany believes that the present basis
viii be maintained for many wears Ia
come, that buildings can be safely and
profitably erected and financed and tha;
the high rentals ROW obtaining viii
long continue. From every standpoiu.
1T is TO be hoped that here will be
large number Of buildings Of all kinds
erected during 1920 sucn action being
Of the greate@t Importance TO ouie,
social unrest by furnishing housing
facilities for the poorer classes and
to restrain the existing nigh rents Of
better grade houses from going TOO
high.
On the whole it may safely be said
that the mortgages on New York CITY
property We're never on safer basis:
that real estate IS good purchas.
on account OF the high income and
that the outlook for increased mort
gage business IN 1920 Is excellent
New-York tribune., 1919-12-28
By John L. Parish
Secretary Advisory Council of Real
ESt0to Interests


Estate Interests
Notable changes have been made in
the tax systems of the nation and the
state in the last FIVE years, all demand
ing of the people larger much larger
contributions toward the cost of gov
ernment Originally forced upon the
country at large by the need of larger
revenue with Which to pay our way in
the great war, that larger revenue is
still needed, not only to defray the cost
% that war but to meet the deficiencies
IN the governmental revenues caused
by the ploh ibition Of the sale of liquors
and by abnormal increase in the cost
of government
The state governments ard the muni-
cipalities also found that their eX-
penses We're greatly increased by the
war and Their revenues reduced by
the enactment Of tie constitutional
amendment prohibiting the trade in
intoxlcants
Incidentally, as to New York State.
the common sense Of the people was
evlnced IN very general demand for
al income tax system to take the place
g the long discreaited and mprac-
tacable personal property tax Who're
fore We have in this state an income
taX system which is entirely new. and
which applies. though tfcrently, to
corporation and individuals, and
which is designed to considerably more
than make up thc loans in the states
revenue caused b. prob biton and
the abolition to q great extent Of per
sonal property taxation
Task Ahead os Governor
These taxes have evidently come
TO stay. Government needs are growing
fast, and there is besides a class Of
needs winch are not in the strictest
sense governmental. but are needs of
all the people AVID which it seems viii
not be mot unless the government un-
deltakcs thcm Of tn 3 e.a $ eff needs
are railroad re abllitation and cx-
tension. the building aHd devc.opm
o. railroad Terminals the building of
some hundreds of thousands of miles
of new iehways, and the devolopm
6. nationwide fydro-electric power,
heat and LIGHT system.
These great doveiopmental opera
tons mus be- undertaken. if the nation
is to continue in the front rank of civ
ilizatior, and it involves 10 great fore
New-York tribune., 1919-12-28
Nassau County Factory Sold

The Nassau Suffolk Tide aud Mort
gage Company has sold to client Of
Otterboure. Steindler & Houston the
factory building at broadway and Main
Street Lynbrooh, Nassau County, on
plot l50Xl50
New-York tribune., 1919-12-28
Richmond Kill Cottage Sold

Albert B. Ashfofth has sold for Mrs.
Elsie A. Rochlih the three-stcry dwell
ing and grounds ON Herald Avenue.
Richmond Hill, TO Howard f. Brauchcr.
The commercial. (Union City, Tenn.) 190?-193?, 1919-11-28
UNITED STATES
MOTOR TRANSPORT
Convoy from Washington to San
Francisco-by Government.

The 290 officers and men of the
United States Motor Transport Con-
yoy will be remembered particularly
well by a score of towns and vii
salages on the far western reach of the
lincoln highway. These communi-
ties count improved roads and new
bridges among their gains from the
convoy's pioneer expedition from
washington. d. c.. to San Fransisco.
The nations gain is remarka-
BILE awakening of interest in good
roads.
From Wyoming to the Rockies.
the army train knew no days of easy
riding. The road conditions were
he worst in years because of the un-
precedented dry spell. 1t took a lot
of hard driving and a deal of splen-
did direction by the officers in charge
to maintain the average of go miles
a day for the heavy trucks. The
motor train was three miles long.
Among the 72. trucks were some
weighing fourteen tons with load.
For their passage across streams, the
army engineers company with a con-
voy had to rebuild SIS bridges. Four
teen of these bridges were rebuilt
one day of the journey.
Starting from Washington on Ju-
ly Z, the motor transport corps
reached San Francisco on September
6. There a milestone was unveiled
to mark the achievement of the first
motor transport convoy to attempt
a rans-continental trip.
To each man was presented me-
dal approved by the war department.
An unusual honor and courtesy came
to four civilian drivers who made the
entire trip. These men were the dri-
vers of the path finding WHY'S
knight touring car and the three
Overland As which served as the scout
publicity cars of the convoy. Colonel
The commercial. (Union City, Tenn.) 190?-193?, 1919-11-28

Mcclure, the expeditionary comman-
der, included the four Wfllys-Over-
land drivers among the rec ipients
of the medals for faithful, efficient
and untiring service with the con-
voy.
The record made by Overland As
on the trip is considered remarka-
BILE. Overland 4 is the new type Of
car which Willys-Overland introdu-
ces to the public this season. It's
distinctive feature is new three
point spring suspension. These
scout cars excited public interest
everywhere along the route. They
covered nearly 1000 miles more of
road than did the trucks, preceding
the convoy from town to town. The
new spring suspension was
given the hardest possible test
in actual army transport service.
Army officers and others who rode in
them were enthusiastic in praise
of the comfort and ease of riding
and the mile-eating ability of the
new cars.
1t is interesting to note that these
Overland As and the Willys-Knight
completed the transcontinental Jour-
ney without necessity for repairs.
How well the cars performed may be
judged from this record kept by Ma
jor M. G. Cooper, who represented
the Willys-O Overland on the trip. His
report read:
Overland As and Willys-Knight
completed ranscontinental trip with
clear records. Willys-Knight COW
cred 4,132 miles with but two pune
lures. Overland Sedan covered
4,3S7 miles with but two changes.
Driver Schell in Overland A tour
ing covered 5. 055 miles with only
three tire changes"
DIR. S. M. Johnson was the off,
cial lecturer of the Convoy. He made
addresses at all stops on the need
and Importance of good roads; he
assisted in the recruiting campaign
which was part of the work of the
convoy. DR.. Johnson rode in the
Overland A Sedan.
Nothing more entertaining In the
home than a Pathe Talking Machine.
Call at Kirby's and hear them.
The commercial. (Union City, Tenn.) 190?-193?, 1919-11-28

the side of the spotlight and struck
Mr.. Wilbanks and then passed thru
the body and the back curtain. The
jury examined the car and these
were the findings.
On Saturday morning Deputy Char
lie Harris and DR.. Mailing were ex-
amined without any material change
in the evidence.
During the evidence Friday after
noon Judge Bratton testified that
he took from the body of Wilbanks
at the Jail, which had been brought
by Mr.. Harris and Asa Hickman from
the place the shooting, pistol, and
and that he examined it and found
two empty chambers, two empty
shells and two chambers with loaded
shells. He took also some money and
valuables from the body and some
keys which he turned over to Mrs.
Mary Wilbanks. mother of the de-
ceased,
In the evidence of Mr.. Hickman,
the Sheriff was first asked to produce
the warrant issued for the arrest of
Mr.. Wilbanks, which was exhibited.
The jury reported as follows:
I'VE, the jury, find the deceased,
Hiram Wilbanks, was shot and killed
by sheriff's posse, consisting of
j. M. Hickman and Bob Mccain, on
Friday evening, Nov, IA, 1919, about
dusk, in the Third Civil District of
Obion County, Tennessee, and that
said killing was accidental
s. n. BRATTON, Acting Coroner.
MARTIN SCHMIDT.
G. w. TOMERLIN.
A. G. HAUSER.
JNO. H. JOYNER.
JNO. B. CLAYTON.
j. Il. CUNNINGHAM.
]. w. McCORKLE.
Attorneys for the officers were
Pierce & Fry and Lannom & Stan
field, for the State Gen. T. O. Morris
and w. M. Miles.
The commercial. (Union City, Tenn.) 190?-193?, 1919-11-28
Don't Like The Medicine.

The remedy for Italy's tfoubles as
formulated by Premier Nitti is the
remedy for the troubles of other
countries, to wit: Greater production
and more frugality in consumption.
The main difficulty is to make people
take the prescription.
The Alaska daily empire., 1919-07-18
MINE DISASTER
 REPORTS DO NOT QUITE AGREE

RLUEFIELD, w. v., July 1.-Two hundred and twenty-one men were killed and several hundred were in' lured in terrific explosion which destroyed the Tazwell Coal mine here today.
 A fire followed the explosion.
 Hundreds are being employed in the rescue work.
 Many bodies already have been re covered. The scenes are heart-rend- ing about the mouth of the mine shaft.
 A number of the men are st;li trapped in the main shaft.
 The Chief of the State Department of Mines contradicted the first re- ports, claiming that only eight were killed and that five bodies have been recovered.
The Alaska daily empire., 1919-07-18
Asserts that a State of War Still Exists Between Ireland and British
 Empire
IRELAND NOT BOUND
Declares that Lloyd George Had No Authority to Represent Ireland at
 Peace Conference

SACRAMENTO, July 1S.-Edwar'l De Valera, President of the Provi
 sienal Irish Republic, while he-e or his way to San Francisco, declared that a state of war exists between England and Ireland. He declared that Premier Lloyd George of Eng land did not have the authority to represent Ireland at the Paris Peace Conference, and that. as Ireland was not officially represented, it was not bound by the acts of the Peace Con ference. De Valera asserted that the Irish people were now united as never before, and that they would not quit fighting until the British yoke was removed from the collar of Ireland and her free loving people.
The Alaska daily empire., 1919-07-18
HIGH HONORS ARE SHOWERED ON OUR
 GENERAL PERSHINC
Presented With Gold Mounted Sword Inlaid With Diamonds and Rubies By the
 British

LONDON, July 18-A gold mount ed sword was presented to Gen. Per shing at Guild Hall as a special hon or today. It shows an American coat of arms, the coat of arms of the City of London, and Pershing's monogram in diamond and rubies. The Ameri- can and Union Jack flags are en- twined, and enamelled ribbons con tain the names of the battles in which the American flag fought The sword also contains the decoration of the Knight of the Grand Cross and the Order of the Bath.
The Alaska daily empire., 1919-07-18
CONDITION OF KAISER SAID
 TO BE SERIOUS
Claimed that he Rarely Leaves His Apartments and Spends Most of
 His Time Praying

BERLIN, July 1S.-(Associated Press)-The Deutsche Zeitung, the PanGerman organ which stands close to former Royal circles, takes a serious view of the illness of the former Kaiser, calling it deep me lancholy.
 The newspaper says William now rarely leaves his apartments, that he had ceased his exercise of wood saving, and that he spends many hours in prayer and wants to talk always on religious subjects. He is reported to be in a highly nervous state.
 The article says also that the for mer Empress may have to return to Germany to receive expert medical treatment for her old heart trouble.
The Alaska daily empire., 1919-07-18
GIVEN RAILWAY RIGHTS

PARIS, July 1S.-The Allied War Council has asked Italy and Greece to agree upon line for the with drawal of their armies in Asia Minor The Council agreed to insert a clause in the Austrian peace treaty giving Italy the right within five years over railways which Austria will build at Italy's expense through Reschen and Predil passes, the profits from the railways for that period going to Italy.
The Alaska daily empire., 1919-07-18
WILL APPEAL TO AMERICAN
 PEOPLE,.

SAN FRANCISCO, July 18.-Ed. ward De Valera, President of the Irish Republic, has arrived here and was rendered a great welcome. He repeated in an interview given to the Associated Press that he was in America to place Ireland's position before the people. He said once the masses understood the situation and backed up Ireland's cause with their moral sympathy, her entire freedom would be assured.
The Alaska daily empire., 1919-07-18
U. s. ALLOWS PARCEL POST TO
 GERMANY

WASHINGTON. July 1S.-A pre- war rate of 12 cents per pound pn parcel post packages to Germany has been re-established by the Postoffles Department, with a limit weight Of II pounds per package. The ex- change of money orders is not to be resumed, pending negotiations of a new treaty between the United States and Germany, and because of tue decline in the value of the German mark =
The Alaska daily empire., 1919-07-18
COUNT AIRS HIS VIEWS

BUDAPEST, July 18-Count Kar- olyi on July 1 told an Associated Press reporter that America ought in Hungary. He said Central Europe had "gone to the dogs" because of the blockade, and that Paris would go to the communists too. He said it was no longer a question of Bol- sheviki or non-Bolsheviki for the Central Empires, but question of them standing or falling together.
The Alaska daily empire., 1919-07-18
PRESIDENT WILSON
 MAY MAKE STATEMENT
 ON JAPANESE SUBJECT

WASHINGTON, July 1S.-After his conference with Presndent Will son yesterday Senator LeBaron B. Colt. Republican, of Rhode Island, intimated that the President might make an open statement regarding the Shantung settlement, about which there had arisen so much controversy.
The Alaska daily empire., 1919-07-18
WHEAT ARRIVES IN GERMANY

BERLIN, July -(Associated Press)-The first wheat cargo from Argentine for Germany arrived at Emden Another 60,000 tons of wheat are en route and S0,O00 tons are bes ing loaded in South American ports for German destination. The govern ment has appropriated 100,0O0.q00 marks for the purchase of American hides to overcome the shortage o; footwear.