The weekly times-record. (Valley City, N.D.) 1912-1922, 1921-08-18

tanks, aircraft: filthy trenches and
great gases of human bodies-that's
war, in these days. Swords-in the
language of Potash and Perlmutter-
is nix. Every effort is being made to
make the army attractive to young
men. The reascence Of the Sam
Browne belt was in line with that ef-
fort. But swords, that suggestion is
more likely to make our modern young
men laugh.-The Daily News.
"Wall Streets failure to stop the
sale of North Dakota state bonds
! was again emphasized yesterday
: when the Bank of North Dakota GER
titled to the state treasurer $500, OOC
of real estate mortgages held by that
| institution. This action indicates
that the Bank of North Dakota has
disposed of more state bonds and
that 100000 of bank funds tied up in
real estate mortgages will now soon
be released. This is expected to ma
terially strengthen the position of the
Bank of North Dakota. Courier
News.
The above is from the Courier News
and in connection with the above this
paper says that the state has sold
nearly two million dollars worth of
bonds. If this be true, it might be
pertinent for US to arise and ask
what has been done with the money
rom the sale of these bonds. The
state is dribbling out the pay Of our
college teachers here by one-third ev-
,ry other week and for the past two
Or three months have not paid the
business men their bills for work done
for the institution, and they do not
even give any encouragement when
the bills will be paid. If they have re-
Gently received 100000 it seems to US
the administration should make good
by paying off some of these long past
due bills. We are inclined to think
that either the Courier News is cam
oufaging or else this money has gone
the same route as the victory fund.
Administration forces are spread
ing the rumor that a special session
of the legislature will be necessary if
the Independents should win the re-
call election in November, thereby
causing extra expense and delay in the
reconstruction work. This is not true.
If successful in the election the indie
pendent candidates for governor, at
torney general and commissioner Of
agriculture and labor will take Office
thirty days after the election, and the
constitutional amendment and the six
initiated laws, which embody the
economic and the political program
of the Independent opposition, will be-
come law without legislative action.
There will be no time lost in getting
back to normal conditions after an
Independent victory at the polls in
November. An Independent victory
is the only thing that will prevent the
delay. There is also some misunder-
standing as to what will be the result
Of the adoption of the initiated cleo
ton laws. The statement is frequent
ly made that they will prevent party
candidates from competing in the
state primaries. This is mistaken
:dea. Any party or fraction of party
nay bring forth their candidates. The
aw in regard to the nomination and
election of state and county officials
nerely specifies that their party af
lliation is not to appear on the ballot
The names of all candidates for fed
raj positions and party representa-
ton will appear on party ballots in
the primaries and with party designa-
tions after their respective names in
the general election. There will be
separate ballots for county, state and
federal officials.
Evec more extensive changes in tax
levies than were agreed upon at the
White House conference between
President Harding and republican
leaders of the house of representatives
were voted tentatively yesterday by
the majority members of the ways and
means committee. AS summarized in
formal statements, the committee &C.
ton included:
Repeal Of the excess profits tax
effective January /, 1921.
An increase Of the income tax on
corporations from 10 percent to Is
percent, with the $4,000 exemption re-
tanned, effective January /, 1921.
Repeal of all taxes on the trans
portation of freight and passengers
and on seats and berths, effective
January /, 922.
An increase in the exemptions to
heads of families on account Of de-
pendents to $40O for each dependent
instead of 5000, as at present, effective
January 1, 1921.
Repeal Of the socalled luxury tax
on clothing apparel effective January
l, 1922.
Exemption from income tax of the
first $500 of income from stock held
in building and loan associations.
Revisions of existing taxes in.
cluded:
Repeal of the tax on fountain
drinks and ice cream and the substi-
tuition or a flat tax Of 10 cents a
gallon on all fountain syrups to be