The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-12-25

an investing committee of the en-
ployes to be invested. All employees
who deposit with the association at
least per cent of their salary would
come in under this. 1t being the
census of the opinion of the board
that the employees have been exceed
ingly loyal to the association and they
are particularly anxious to see the en-
ployes get ahead and have an interest
in the building and the advancement
of the association to greater possibili-
ties and assets.
Thrift week is to be observed by
the real estate men, building and loan
men, banks and all business men,
about the, middle of January. Every
business should be represented and be
in on the propaganda to advance this
week and make it the best ever, bring
ing out the facts and advancement of
Topeka as to its trade territory. Also
as to the employment conditions and
everything in general, and to form
an association whereby it would not
just stop with this week, but that the
public may be benefited as we'll as
the merchants themselves by getting
their business on a staple basis and
getting back to normal as soon as pos
sible. 1t is the opinion of the real
estate men and a great majority of
the merchants, manufacturers and
wholesale men prices will begin to adj
business in general will be very good.
The public can help the merchants
make these conditions If they will be-
gin as soon as possible to buying nor
mally and in addition to this. the re-
taller we believe should charge off
their losses and put their goods on a
staple basis and practically guarantee
to the public that there would be no
further reductions. Let every one con-
tribute to the success of the Thrift
Week and send in your check if you
wish to contribute to J. L. Hersh, who
has been appointed chairman of the
financial committee for the week, rails
ing finance to put this across and
backing up the other committees who
! have charge other days in the week.
The Dodge City Savings and Loan
Association was visited this past week,
accounts examined, securities also ex-
amined and we found everything in a
very nice condition. Also The Ford
County Building and Loan Association
and building and loan matters dis
cussed. A new building and loan as
ISOLATION is being started at Wamego,
Kan. These gentlemen were also
called upon this week by the secre-
tary of the Kansas State League.
The Capitol Building and Loan As
ISOLATION made sixteen loans during
the past week, amounting to $4,000.
situation has been encouraged by the
state passing laws exempting new
property from taxation or that is the
improvements are exempt from three
to five years. This would go a long
way in solving the situation in many
sections of Kansas, particularly in To-
peka- Property that was assessed as
of March /, 1920, was assessed on
1920 valuations, therefore the owner
is taxed on the high cost of material
and labor in addition to the high con-
struction. In addition to this, he has
the high construction to consider and
the chance of decline in price which
has taken effect in the last six months.
When the property was assessed on
1920 valuations, it seems that those
who were making the assessment fig
ures, figured on 1920 valuations and
paid no attention to the valuation of
property surrounding or in the same
neighborhood with the new property.
For instance: Property that was
valued and selling a great deal
more than some of the new houses
that were being built is standing on
the tax rolls with an assessed valua-
ton of at least one-ha1f less the as
sessed value of the new property. 1t
is hoped that some time or other the
interest of taxation will be seen by
those who are examining and apprais-
ing property and that they will see
that every man has a just or equal
tax. In other words the house that
was built five years ago costing $4,000
standing on the tax roll at from $2,750
to $4,000, this house is now selling
readily at $500 to $4,000. but If a
new house is built, the<new prices in
effect, the assessm enc Is on the high
basis and the assessment is $4,000
to 5000. The house is selling at
$500 to $1,000. This does not really
seem to be fair to the man who will