Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-05-10

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THE TIMES RECORDER feels like congauang only itself
but its readers that has been its privilege
to publish his home here by Frank W. Harold
Amcricus Rhodes scholar Oxford university England
These constitute the pleasing contributions to contem
poay has been fortune long time
They well done wide their interest and observation
realistic their descriptions naturally composed and wholly
genuine they appeal The writer of the letters
ennne exclusively for the members of his family does not
yet know that of them has been published but they
excellent that would to the reader that they were beng
specially prepared by grateful young his only method of
satisfying desire share with the public home the experiences
he having the other side of the Atlantic But perhaps his
messages would lose large share of their charm he
made the fact that they being printed being conscious
the probably would leave many Little ntate touch
that adds greatly to the letters
We consider that have been able
suade the family of Mr. Harold permit the publication of his let
for believe have been privileged to offer our
readers interesting valuable future We hope that we
shall be able reproduce all of the others yet to
OVER RENTS Americas impossible until the cost
of building IS still further forced down.
Prices of building materials still nationally twice as
high 1915. This shown report issued few days
by engineering of Bren Dbrow Co and the Dow Service
Daily Building Reports
In the this other wholesale prices only 80
Ell above pre-war levels says Bradstreets
And average of living only 81 above
says National Industrial Conference Board.
Labor formed 30 OF building during and lmmed
lately after the says the OBrien- Dsbrow Dow report
But adds Small house specialists put the present IS
per The for this pointed is that labor
giving larger days work for money received
AT THE PRICE PEAK during the war; pound bale cotton
in the New Orleans spot market worth $2075O.
Today the bale worth about $50 because be
placed for that
What has happened will repeat the residence
buildings prices peak rcvaued
When building material prices follow other commodity prices
and crash downwardas they villa building be worth
exactly what will cost to replace it.
Replacement value is the basis of
Your landlord probably tells you that he can't reduce and
make his But eventually he will have do
like business who caught with big stocks their warehouses
write of his loss due to falling building
The average landlord figures gross of II
his investment Thus if his him $4,000 when
he acquired it at top prices, he wants 500 month
Suppose building follow other and pre-
level Then another landlord could duplicate that $4,000
house for $1,000 He could for $50 month and
of ncome-I2 cent-on each dollar invested
And there be plenty of landlords than build 5000
when prices drop.
1t takes dead market force prices down For that
present inactivity building may prove the payer friend
THE proposed overtun sales according its opponents
would give big business unfair advantage small
facurers.
Take the case of small concern making steel products Here's
what would happen o
Mine sells iron obber-and pays a sales
Jobber sells to blast furnace Second sales
Furnace sells pig iron o jobber. Third sales
Jobber sells pig iron small steel mill Fourth sales
Mill sells steel bis small manufacturer of steel products
Fifth sales tax.
Mine sells coal to iobber. Sixth sales tax.
Jobber sells coal to coke ov Seventh
Oven sells coke blast billet maker and manu-
factuer OF finished products Three sales
Fen sales in ALL
hey passed to the small manufacturer Sheets
codoled shang etc While he them
TONER'S still these 10 sales become
costs and increase the minimum which he SELL
On the other hand take outfit like the u
ton In large part, and mines
makes its coke steel bie and finished products
NO sales tax would appear H. S. Sees production costs
Result: S Steel could undersel the small manufactures
whosecosts would include at least % sales