davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-01-23
CORN EXCHANGE BANK
NOT IN FORD LOAN
Precedent FrcD Disciains Amy
Knoruledge of Deal.

Walter T.. Frew, president of the Germ
Exchange Bank, declared yesterday tha.
his bank was in no way interested III
connection with the negotiations OF TIE
Ford Motor COMPANY for new financing.
He added he knew nothing regarding tie
proposed financing. Ills statements
were brough forth in connection with the
published report that his institution was
interested in the negotiations regarding
the contemplated issue
Discussion Of the Ford Motor Com
pany's requirements in the way OF addi-
tion to working capital continued yester-
day. There We're rur1ors that the offer
ing might be delayed somewhat. but on
this point there were no developments GO
far MS could be learned.
The New York herald., 1921-01-23
AMORTIZE WAR DEBT
Elastic Sinking Fund Sug-
gested; Taxation Should
Pay Floating Liabilities.
NEW LIGHT ON INCOMES
Representative LOngwOrth
Discusses Tax Problems Now
Before Congress.

Otto H. Kahn in an address before
day advocated an elastic sinking fund
to amortize the country's war debt,
and as one of the features of tax re-
vision he favored, experimentally. a
sales turnover tax on commodities at
a rate of one-third of 1 per cent.
The theme for the clubs regular
Saturday luncheon discussion was
Federal Taxation How can we i'm
Government with it's financial needs?"
The speakers were Representative
Nicholas Longworth of Ohio, member
of the House Committee on Ways and
professor of political economy in Yale
University and chairman of the ad-
visory tax board of the Bureau of In
ternal Revenue; DR.. Hugh Satterlee,
Collector of Internal Revenue, and Mr..
Kahn.
At the outset OF his address Mr. Kahn
assailed the war revenue laws of 1917
and their essentially unchanged reenact-
ment as breeders of grave harm by the
inexorable test of actual experience"
After having reviewed some of their de-
fects. he continued:
"In Offering my concrete suggestions
for tax revision l shall assume that the
aggregate required to be raised by tax
alton for the next fiscal year will be in
the neighborhood of four billion dollars.
I believe with Prof. Seigman that it Is
not necessary for US to consider our
selves rigidly obligated to set aside some
$500. 900. 900 each year as sinking fund
to amortize the war debt. l can see no
reason why that war debt should be re-
tired with undue rapidity. / think we
should be perfectly justified in treating
The New York herald., 1921-01-23
CHIFFON TAFFETA DRESS
$3.50

The lustre of finest quality Chiffon
Taffeta is but one of the brilliant
features of this smart dress with novel
panels edged with pleated Organdie
frills. The dainty embroidered collar,
edged with real Filet lace, and novel
cuffs are other notable details.
The New York herald., 1921-01-23
FRANK A. VANDERBILT
FOR A SUPER SENATE
Favors Giving 1t Exclusive
Control of Foreign Affairs
Of United States.

super-Senate. to have exclusive con-
troll of foreign affairs for the United
States and take from the present Sem
ate and the Department of State all the
powers that these bodies now have in
respect TO foreign relations. is proposed
by Frank A. vanderlip as a remedy for
whatever is wrong or has been wrong in
the dealings by this country with other
Powers.
Mr.. Vauderlip gave an outline of his
scheme yesterday at meeting OF the
League for Political Education at the
Town Hall. He thinks such a body
ought to be made up Of thirty men. OF
whom each should spend half his time
The New York herald., 1921-01-23

Kings, s575sS in Queens. s457.9L in The
Bronx and s44s,54 in Richmond,
The Bronx, however, registered the
biggest percentage OF gains in deposito-s
during 1920. having Increased from 81
f6f 70 9S,2f1. or 19.l per cent.
The New York herald., 1921-01-23

have to play II. and we must give our
minds more to these considerations re-
specting foreign affairs"
The New York herald., 1921-01-23
would Not Fund Floating Debt.


"On the other hand. believe that the
floating debt should not be funded into
bonds. but should be paid out of taxa
ton But in this case. too. ! see no
occasion for tho rigid application of
doctrinaire principle. If we cannot pay
il all off within two or three years with
out imposing an undue burden of taxa
tion let 1t be done more gradually say.
within four or five years. The floating
debt should not be funded If only for
the mere practical reason that we al
ready have 4 larger volume OF Govern
ment bonds outstanding than the people
have shown themselves ready or capable
to absorb.
LAS to the sales tax, l am in favor or
trying the experiment of turnover tax
on commodities at the rate of one-third
of one per cent. That happens to be the
rate at which a turnover tax was first
attempted in the Philippines, and it
worked so we'll and met with such ready
acceptance and such complete absence
of evasion that after a while with uni
versal approval il was raised to l per
cent and has become now permanent
feature of the fiscal policy of those
islands.
al favor a turnover tax on commodi-
ties (i. e., on every sale all the way
through the various stages from pro-
ducer to ultimate consumer) as against
tax on retail sales only. first. because
1t seems to me fairer. being of uni
versal application second. because 1t
would be exceedingly difficult, If not
actually impracticable, to establish a
clear and workable definition and regula-
tion as to what constitutes a retail sale,
and, third, because I doubt whether a
retail sales tax, even at rate four or
five ftrfnAS hi fqh hn hir6
cent. which l suggest for a turnover tax.
would be adequately productive"
On the subject of the income tax and
the distribution of national income Mr..
Kahn said:
Many persons are inclined to advo-
cate a differentiation in the rate of
taxation between earned and 'unearned'
incomes-the latter term indicating, gen
orally speaking, incomes from invested
funds as contrasted with wages sal
aries. fees and profits from actual pur-
sfit of business. The argument is
plausible and in theory just. But 1 am
satisfied that in practice such n diferen-
tiation would not work, apart from
adding another complication to the al
ready excessively complicated machinery
of the income tax. If applied to people
with moderate incomes from invest
ments, it would be great hardship, and
IL is nard enough for such people TO
make both ends meet as 1t Is.
Tends to Pena1ise Thrift.
IF applied to large incomes, it would
not only be easy to circumvent to
great extent. but 1t would again enact
the vice of our present taxation of
penalizing thrift and discouraging in
vestment other than in tax exempt Sc
curities.
I'VE hear much about the principle
OF laying taxes according to ability to
pay. No right minded man will quarrel
with that theory. but 1t must be applied
in the light Of actual facts. And the
essential facts are:
Il. In contradistinction to much loose
talk asserting that two-thirds of the
nations wealth is owned by a small
minority of rich men, investigation has
The New York herald., 1921-01-23

the sinking fund provision elastically-
that II is say when times are good and
revenues abundant aliment that fund
literally and. on the other hand, In lean
years. such as the present one is likely
TO be. suspend its operations in whole OF
in part. That is the system which was
followed in dealing with the debt result
ing from the civil war, and 1t worked
very satisfactorily.
Marble Hill press., 1921-04-21
LOCAL MANAGER WANTED
Unusual Opportunity
for Right Man

4 large brokerage firm doing q
successful business with well-rat-
ed concerns thruout the country,
wants capable man at once to
develop and handle their local
business.
The opportunity is an unusual
one because Of the possibilities Of
fored for substantial earnings in
a highly respectable business
which will steadily increase as II
becomes more firmly established
locally.
The position requires man
possessing executive and sales
ability with business experience
and have comfercial banking CON
nections, altho no investment Is
necessary. He may devote only a
portion Of his time to the busi-
ness at first if desired, tho we pre-
fer a man who is able and willing
to give the business his entire
time and best efforts.
The local branch should pay
from $500 to $4,000 the first
year according to the population
and the ability of the manager, as
the commodity which we handle
is staple. always in demand, and
which our large buying facilities
Marble Hill press., 1921-04-21
nRIrIlARN


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Marble Hill press., 1921-04-21
II OW A RE YO u K
FARrl IMPLEMENTS?

Do you need plow, cutivator, disc or shovel
section or disc harrow, Mccormick mower, rake or
any kind of farm tool or implement Come in and
see our line and get prices
Our general line OF hardware will interest you
II you are looking for quality and economical prices
This is fine time TO paint your residence and we
want 20 figure with you the paint and oil.
Our prices on farm machinery cannot be beaten
gnd We sell he best that is manufactured II you
need q machine OF any kind don't buy until you
ours and get the prices In these days Of high
ruccr II pays TO be economical in making purchases
Marble Hill press., 1921-04-21

rrrmt "a, 80 sell at less than aver.
age market price,
Owing "a the demand We must
fll ths position ~ once. send
YOUR application 90 Guarantee
Coal Mining Co. 7NS Como Rdlgp
rharan IN hu' 10 No, write un'
les. Nuu can satisfy ~ Ns % hon'
..'r reputation. Hni business
ability
Marble Hill press., 1921-04-21
J. L ESTES, Marble Hill

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Marble Hill press., 1921-04-21
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bu.rr ~ ,hc Governor is ,a
Marble Hill press., 1921-04-21

According to the Scott County
Democrat, Governor Hyde's state
board Of equalization has in
creased the assessed valuation of
farm lands in that county 10 per
cent. Well, brother, your farmers
and farm land owners haven't
been treated so badly AZ ours, as
ours have been increased 1876 per
cent over an already high valua-
ton, which places it at a figure
above actual cash value. Lots OF
Iandowne-s in this county will be
glad TO cash in their forty or
eighty at the figures on which
they will haze to pay taxes if the
ordcr "a not changed. 1t looks n
Marble Hill press., 1921-04-21
.lr n.rr 20 ler cent

.rH.f - 'iAh WNf NhH'. H
.H musid warrants. and an extra
session approaching which VII
.aa f |,s,t SlU0n0 o. the ag
,u,,#fr Tn, d, greater than ans
nu,t|. ,DN,niArd8A session ln
.H rts HISTORY The total ap-
nnM runs amounted 'n sHun
nu ru 'hm an, previous ''Fls
WuH I.. governor "Nm'is 'H's.
Iaf nmHrks 'frf vr cannot fRf.
economy s' the expense ~ r'''.
r.,nu Thus be- abtHdHns his
economy pledge
Increased Cost of Administration
les proposed to submit che con
.uHdaf"n bills relating - the
n,N departments uf agricultural
U.H..r sHi lHhNt aHd th' snrA.',|
m|.. welfare department II hss
..,i Hri nu' sgr.rssfu|
, ..H 'fH' 'h,-. n,N .,u1'
n' r.s' from SstW" '.
NarnsI mHr, ihHn %. uH fH.E
..r#.. .Hs' iuur. 'N, aa' I#.
.a.r. Governor llKI.s Hw 'H
IHN" h.s uHn contention.
F.r instance, 30, ra."|'. 't.
I department. "a".#.
H.Hr m1"af snN ...
H,.'HH hsN, bob appropriation.
ma#. f.r 'Ncw fur 'Nc neat 'NH
NrHrs .i Sif2i.ln Ilr rimf's
thH' fHr departments HHH
displaced expended iurng 'H' .ss'
four f,su, uaN Slt-2'i> NhrH
r f..' shuNs an increased r
~ nearly SHaurI n t. HH.
mHH, comparison with 'hr alrr
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Marble Hill press., 1921-04-21
THr GLORY ru,T + IT'S

Tho tsis - 'Nr t.f' k.Hu g.
s..H.. uh#.h Rrs .ssn fa.i wtH.
ra- t.n#rt #ssss..s. Hs
n.v ,ml,u, ~ .Er er.s'
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Ef fH#'
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nora. ~r.rar' lHe.f y
WAN. Hr w.a1 rwn 3
anrt B.. Nras ta ..u mrds -
..s. .H t-.r,rI 'tr. ur
..r.,....n 'Hs sHrrErrs 'ha'
hasr I-rr made n 'h, nam. =
0@ Thr hunar arrn tm va.
deserved %. gsFr a'h tHH' D.
could sl,o hiss life. that the prin.
riplcs tho American army 'ourh'
far might SURVIVE ils family.
however great ,hr.r sadness.
should cherish fhr remembrance
= that htsh sense ~ da', which
called hu ara that s' s,e. ~rrrs.
shn tnr hw go aN r Hfr for
the uumcyl, which b. hold Arsr
SHOUTED -,ssr as "a gsw>a! 'an ~
them throughout lh, wars Snr
xca0' Evans, sarrffr, was nn
greater than ,hau.nl. ~ other
Nwyucsv t.y, hu, thr GLORY that,
Is hls 1s 'lsai in that ~ any
raiucah tky1 Ncat.IAn,.gra,
Young Evans nA. ruIa't,r ~
Wine = " VOL, ard } n Pm.
Marble Hill press., 1921-04-21
ORDER or PuRlICATIoN

state n Missouri. County ~ Fol.
lngrr. s>
In the Circuit canrt for Bo'.
liBvrr county Narch term. l91i
simmons Hardware Coupeur
u1nlAtIF .rmDst lam", n Sfa'
Ter. defendant. Civil action ur
account by attachment,
The state of Missouri. to the
ahovc named defendants greet.
ing.
Now here this ls'h i =, ~
March, i"2i. in session " term
time Of Circuit court inr Rolr~~-
or county. Missouri. AZ March
term. 1927, ~ said Cireui, cnur,
comes plaintiff herein Tvs attor.
ncy Of record and 1t appe,r'nv 20
'ho court that on the iT'h dav NJ
February. 1921. before said clerk
end on behalf of rlair'iF r'o,
petition IN suit herein. ard also
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-10-21
Basketball Assured.

The directors of the Ely Ath-
letic Association held a meeting
Monday evening with the members
of last years City basketball team
and other players interested. The
matter of a team for this year
was discussed and as there is a
wealth of excellent material it was
the consensus of opinion that this
community would be represented
by a team second to none the
coming winter. The boys will play
under the supervision of the Ath-
letic Association, the arrangements
being similar to the one under
which the baseball operated.
The team will hold a meeting in
the near future and elect its cap
tain, coach, manager and secretary
treasurer, these officers to be en-
dorsed by the Association. Prae-
tice will commence in a week or
so and an effort is being made to
secure the Washington floor on
regular nights so that the boys can
get all the practice necessary. a
strong schedule will be arranged
and it is expected that some of
the fastest teams in the state will
be seen in action on the local
floor.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-10-21
win Meet Here in November.

A commltte to ascertain the
number of unemployed former ser.
vice men in the Eighth district
Minnesota American Legion, and
devise means of overcoming the
situation, was appointed at the
Biwabik meeting of the district
Legion board Saturday.
Speakers pointed out that 81
per cent of the World war veter-
ans are without jobs and deplored
the fact as thoughtlessness on the
part of the citizens of the United
States.
H. M Carr, Proctor, was ap-
pointed chairman of the commit.
tee. Each post in the district will
be instructed to name a member
to make survey of unemployment
among ex-service men in its juris-
diction.
P. o. Stone, Aurora, presided at
the session. Among the speakers
were c. t. Murphy, Aurora; Oscar
Engen, monologist; DIR. C. w.
Bray of the Biwabik school board
j. Golober, Biwabik; and j T.
Nolan, district adjutant.
Ely was chosen as the meeting
place for November % and it is
expected that this will be one of
the best meeting of the year as
many matters now pending will be
acted on at this meeting.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-10-21
OPENING AT, DUNWooDY.

Dunwoody Institute opened in
Minneapolis on September 26th,
with large enrolment. There
is still room, however, for some
additional students in the printing,
press work, sheet metal, electrical
work, laundry executive course,
highway construction and building
construction, also machine shop
work.
The school is endowed and gives
free training to residents of the
State of Minnesota. Boys in any
place in the State desiring to
learn a trade can attend the
school practically for nothing.
Write Dunwoody Institute, Min
neapolis, Mimi, for catalog.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-10-21
How Auto License Money /. Used

How Auto License Money IL Used.
The report of State Treasurer
Rines on the money paid out in
the month of September in the
Trunk Highway fund, which is a
correct index for the other months
of the year, shows how it is being
expended in Commissioner Bah
cocks department.
Administration, $4,788.45; con-
struction 58,874.47; mainten-
ance $287, 885.57; equipment, $751;
963.32
The total is near a million and q
quarter dollars and of this amount
less than five thousand goes to the
administrative officers, which in
Guided commissioners, clerks and
engineers. Most of the million
dollars went to labor in building
permanent highways, building and
care of other trunk highway roads.
There seems to be an impress
sion that only small part of the
money goes into actual road work,
and repeated that only % cents
of every dollar is actually used
for road building. The absurdity
of this is shown by the above fig
ures. Less than five thousand dol
lars in an expenditure of a million
and a quarter for overhead is a
better showing than is made by
any business or manufacturing
concern in the country. The high
way commission is one branch of
public service that is conducted
on strictly business principles.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-10-21

Il
with Montana and potatoes from
the famous Carbondale district in
Colorado will also be after the
sweepstakes. From the New Eng
land States to the Rocky Noun
tains the best spud specimens will
stand up against Canada's most
perfect competitors to claim the
attention of experienced judges.
Visiting buyers viii find one bush
ell lots of certified seed potatoes
to serve as a basis for carload
orders. There will be displays of
potato machinery and potato grow
er's supplies of all kinds. Three
of the best potato judges in the
world will rule over the exhibits,
C. E. Brown of Minnesota, J. g.
Milward of Wisconsin and C. l..
Fitch of Iowa.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-10-21

Five Canadian Provinces have
entered their best potatoes to
compete with those from thirteen
states for honors at the worlds
greatest potato show. Despite the
fact that there has been a total
crop failure in some sections the
yield as a whole offers better
specimens than ever before. For
this reason the competition win be
keener than during previous years
and the lowly "spud" viii reign
as the continents most advertised
farm product during October &c,
81, % at the Duluth international
Potato Show and Seed Potato
Market to be held at the Armory,
Duluth, Minnesota.
Minnesota and Wisconsin win
have much to say as to the superb
ority of their sshome grown" exc
hibits but the famous s'big bakers"
from Idaho win give them real
competition. Michigan will vie
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-10-21
GIVE Them
A CHANCE.
FUND FOR THE M. J. BOWLING
MEMORIAL IN AID OF
CRIPPLED CHILDREN.

A girl child was born in North
ern Minnesota a little over Ia
wears ago. She was so BADLY
crippled that it seemed impossible
for the spark of life to remain.
Her spine was crooked, one of her
feet was a ''club" and she had a
congenital dislocation of the hip.
She lived on day after day in
the little frontier cabin with her
mother who was also crippled as
a result of infantile paralysis. Her
life was that of the crippled AMI
NAL. No education and no amuse I
ments other than watching the slow
march of the sunlight across the
rough cabin wall.
A doctor on a hunting trip
through that section stopped at the
house one day to get water. he
was invited in to rest and on see
ing the child his professional IN
stincts were reused to such an ex-
tent that within a few weeks the
little girl was transferred to the
State Hospital for Crippled Chi
dren, st. Paul.
Here for the first time in her
drab life she had companionship
of other children. Here for the
first time she had the tender,
knowing care of trained nurses
who knew just how to handle the
bed-tired little body contorted into
grotesque shapes.
She learned her alphabet, at
tended school classes in the hos
IN
best that the specialist doctors
could do for her.
In a few years her body began
to assume normal shape. Then
one day she took her first step
without assistance. Overcome with
Joy she cried. And so did the
nurses at her pathetic ecstacies.
Just a few months ago she was
discharged from the hospital. Her
spine was straight, her foot was
normal and her hip functioned
''just like the other kids"
She went home to her mother
and took charge of the house and
gave her crippled mother the rest
she had never had since her child
hood.
There are 225 children in Min
nesota who need just the care that
this little cripple got at the State
hospital but there is no room for
them.
When Michael Bowling, Olivia
banker and newspaperman, died
the entire civilized world heaved
a sigh of regret because it had
lost the companionship of man
who, though crippled in body, over
came all his handicaps and became
a leader among men.
Immediately following his death
there rose a popular demand for
a memorial to his name. Knowing
the intense love he had for the
crippled child it was decided to
collect a fund of 100000 to con-
struct an adequate addition to the
state hospital and name it fer him.
More than $4,000 was raised
by the intimate friends of M.
bowling The Minnesota Editorial
Association, The Minnesota Bank
ers' association and the Minnesota
Elks have combined to raise the
necessary $4,000 to construct this
memorial.
The state will maintain it after
it is built, the doctor specialists,
80 of them, now giving their SER
vices to the crippled children in
the state will have an opportunity
to receive the chance in life"
that mike" Bowling was always